Wal-Mart names interim head for India business
MUMBAI (Reuters) – Wal-Mart Stores Inc , which has spent years trying to crack the long-restricted India market, said on Wednesday its country head had left the company and named an interim replacement.
Carphone says Andrew Harrison to be CEO from July
LONDON (Reuters) – Carphone Warehouse , Europe’s biggest independent mobile phone retailer, said Andrew Harrison would be promoted to chief executive next month as the firm met guidance for year earnings.
Insurer Direct Line to cut about 2,000 jobs
(Reuters) – Britain’s Direct Line Insurance Group Plc , the motor insurer spun out of Royal Bank of Scotland , said it plans to cut about 2,000 positions as it looks to trim costs and boost profit.
Stagecoach profit up on UK and U.S. bus growth
LONDON (Reuters) – Transport operator Stagecoach posted an 8 percent rise in full-year profit, driven by strong growth at its British regional bus business and its U.S. division.
China’s ICBC says happy to help, hopes for clearer policy signals
BEIJING (Reuters) – China’s biggest bank was uncertain of how to respond to turmoil in money markets last week because there was no clear direction from policymakers on what they wanted to achieve, according to its top executive.
Mexico aims to bring shadow economy into the light
MEXICO CITY (Reuters) – Seeking to dismantle a black economy dragging on economic growth, Mexico wants to lure informal workers into the social security net – and the reach of the tax man.
AkzoNobel to sell 72 paint shops in Germany
AMSTERDAM (Reuters) – Dutch paints and chemicals group AkzoNobel NV said on Wednesday it plans to sell its 72 decorative paints stores for professionals in Germany to independent wholesale distributors to improve efficiency.
Analysis: Pension funds may see the silver lining on the interest rate cloud
LONDON (Reuters) – June’s global markets quake suggests little positive in a rising interest rate environment but the flip side is significant relief for pension funds that may itself may provide a stabilizing mechanism into the bargain.
State regulators warn virtual currency exchanges: WSJ
(Reuters) – State regulators are warning virtual currency exchanges and other companies that deal with Bitcoin that they could be shut down if their activities run counter to money transmission laws, the Wall Street Journal reported, citing people fami…
U.S. energy companies seen at risk from cyber attacks: CFR report
WASHINGTON (Reuters) – U.S. oil and natural gas operations are increasingly vulnerable to cyber attacks that can harm the competitiveness of energy companies or lead to costly outages at pipelines, refineries or drilling platforms, a report said on Wed…
