Marathon Oil taps Exxon Mobil executive as next CEO
(Reuters) – Marathon Oil Corp tapped an Exxon Mobil Corp executive to become its next CEO when Clarence Cazalot retires at the end of the year.
Airbus in advanced talks for $10 billion easyJet order: sources
LONDON/PARIS (Reuters) – Airbus is in advanced talks to complete a $10 billion order for at least 100 planes from British low-cost airline easyJet , sources familiar with the matter said on Thursday.
EU files WTO complaint over Chinese stainless steel duty
GENEVA (Reuters) – The European Union lodged a complaint at the World Trade Organization on Thursday against China’s imposition of anti-dumping duties on imports of stainless steel tubes, six months after Japan filed a similar case, the WTO said.
Bernanke to deliver semi-annual testimony to Congress July 17-18
WASHINGTON (Reuters) – Federal Reserve Chairman Ben Bernanke will deliver his semi-annual testimony to the U.S. Congress on July 17 and 18, a congressional aide said on Thursday.
Southwest Air sees key revenue measure weakening in second quarter
(Reuters) – Southwest Airlines Co said it expects an important revenue measure to decline in the second quarter, saying it is having to work harder to stimulate traffic.
DuPont says wet spring to hit operating profit
(Reuters) – Chemical maker DuPont said its operating profit would fall more than it expected in the first half of the year as a wet spring in North America and Europe hurt its agriculture business, sending its shares down 1.5 percent.
Marathon Oil CEO to retire December 31, be replaced by Exxon executive
(Reuters) – Marathon Oil Corp said on Thursday that Chairman and Chief Executive Clarence Cazalot will retire December 31 and be replaced by a senior Exxon Mobil Corp executive.
Royalty bid for Elan in trouble ahead of key meeting
DUBLIN (Reuters) – U.S.-based Royalty Pharma said on Thursday that it did not appear to have the backing of Elan shareholders in a vote that is set to decide the fate of its hostile bid of up to $8 billion for the Irish drug firm.
GM’s Opel to build Corsa cars in Belarus for local market
FRANKFURT (Reuters) – General Motors will build a small number of its Opel Corsa hatchbacks in Belarus from next year as its European brand seeks to diversify outside its core market.
Exclusive: Russia’s Lenta picks banks for possible IPO – sources
MOSCOW (Reuters) – Russian hypermarket chain Lenta, part-owned by U.S. private equity firm TPG and Russia’s VTB Capital , has selected banks for a possible 2014 initial public offering (IPO), two sources familiar with the situation said on Thursday.
