Senator Klobuchar urges FTC to get tougher on abusive patent lawsuits
WASHINGTON (Reuters) – Senator Amy Klobuchar, the chairwoman of the Senate Judiciary Committee’s antitrust panel, urged the Federal Trade Commission on Wednesday to consider enforcement actions against companies that file abusive patent lawsuits or thr…
Men’s Wearhouse founder says going private one of several options
(Reuters) – Men’s Wearhouse Inc founder George Zimmer said he had not concluded that taking the company private was the best strategy, but instead suggested the apparel retailer explore options beyond just selling its K&G fashion chain.
Britain’s high-speed rail project cost rises by 10 billion pounds
(Reuters) – The budget for the High Speed 2 (HS2) rail project has increased by almost 10 billion pounds ($15.34 billion) because of the addition of a tunnel to plans, British transport secretary Patrick McLoughlin said on Wednesday.
Bombardier delays CSeries first flight again, up to a month
TORONTO (Reuters) – Bombardier Inc on Wednesday delayed the maiden flight of its all-new CSeries jetliner for a second time, the latest setback in the Canadian planemaker’s $3.4 billion bid to compete with bigger rivals.
IKEA founder to return home 40 years after fleeing Swedish taxes
STOCKHOLM (Reuters) – Ingvar Kamprad, founder of furniture company IKEA, announced on Wednesday he plans to return home to Sweden 40 years after leaving the country to escape its high taxes.
Greenberg may pursue narrowed lawsuit over AIG bailout
(Reuters) – A federal judge on Wednesday allowed former American International Group Inc Chief Executive Maurice “Hank” Greenberg to continue his lawsuit against the United States over the insurer’s bailout, but took away some of his claims.
SocGen CEO says EU should avoid flexibility on bank failure
PARIS (Reuters) – Europe’s legal framework to decide who pays if banks fail should avoid granting too much flexibility to individual EU member states, the head of French bank Societe Generale told Reuters on Wednesday.
More spending cuts for Britain, but austerity pill is sugared
LONDON (Reuters) – British finance minister George Osborne unveiled spending cuts on Wednesday to try to tame the country’s big public deficit, but promised to reinvest some of the money saved to counter criticism of excessive austerity.
BNP Paribas London expats told to go local or go home
PARIS (Reuters) – French bank BNP Paribas is forcing some long-standing London-based “expat” traders to choose between coming back to Paris or losing their expat status by switching to a local UK contract, the bank said on Wednesday.
First-quarter growth reading slashed in cautionary note on economy
WASHINGTON (Reuters) – The U.S. government slashed its estimate for first-quarter economic growth on Wednesday, offering a cautionary note on the recovery as the Federal Reserve ponders curtailing its massive monetary stimulus.
