Starbucks reports UK loss, pays no tax for 2012
LONDON (Reuters) – Starbucks, whose thin tax payments in Britain provoked a backlash against corporate tax avoidance when revealed by Reuters, paid no tax for the year to September 30, 2012.
UBS commits to home market with Zurich HQ revamp
ZURICH (Reuters) – UBS will spend more than 100 million Swiss francs ($105.42 million) on a facelift of its Zurich headquarters, hoping to turn the building into a buzzing retail area on one of Europe’s most exclusive shopping streets.
Auto industry June sales harken back to pre-recession
DETROIT (Reuters) – U.S. car dealers like Don Kerstetter have every reason to be happy these days as the industry is partying like it’s 2007 — facing demand not seen since before a recession that drove General Motors and Chrysler into bankruptcy.
Ex-Tesco boss says fixing Leahy legacy to take three years
LONDON (Reuters) – Tesco’s former chairman , Ian MacLaurin, attacked the legacy of the retailer’s previous chief executive Terry Leahy and told shareholders it could take three years for the world’s No. 3 retailer to recover.
Barclays says new watchdog targets could force lending cut
LONDON (Reuters) – Barclays warned on Friday it may have to cut lending if it is forced to act quickly to meet new financial targets imposed by regulators, but the Bank of England said it will not accept any plans that hurt lending.
Exclusive: GE looking to sell healthcare financing unit – sources
NEW YORK (Reuters) – General Electric Co is looking to sell its CareCredit healthcare financing business – a unit within its massive GE Capital financial arm – in a deal that may be valued at about $2 billion, people familiar with the situation told Re…
Sticker-shock derails opportunistic U.S. loan deals, for now
(Reuters) – Market turbulence has prompted U.S. companies to shelve more than $14 billion in loans meant to slice borrowing costs or fund shareholder dividends, confining most issuance to borrowers with imminent financing needs.
Ford recalls 13,100 Explorer, Taurus and MKS models
DETROIT (Reuters) – Ford Motor Co. said Friday it is recalling more than 13,100 Ford Explorer, Taurus and Lincoln MKS models because the child safety locks on the rear doors may not work properly.
EU leaders push banking union despite German reluctance
BRUSSELS (Reuters) – European Union leaders said on Friday they want agreement by the end of the year on a way to resolve failed banks at European rather than a national level, signaling work should go on despite German objections ahead of elections in…
Ford, Chrysler counter GM with new V6 pickups for 2014
DETROIT (Reuters) – The battle in six-cylinder pickups takes an interesting twist this fall with the launch of the 2014 Ford F-150 Tremor and the 2014 Ram 1500 EcoDiesel.
