GM denies has opted to build Chevrolet Cruze at Poland plant
FRANKFURT (Reuters) – General Motors will start building the Chevrolet Cruze at the end of 2014 at its Opel plant in Poland, a German newspaper reported on Thursday, drawing a denial from the U.S. company.
GE makes concessions seeking EU regulatory approval of Avio deal
BRUSSELS (Reuters) – U.S. conglomerate General Electric has offered concessions to try to win EU regulatory approval for its $4.3 billion proposed purchase of Italian plane components maker Avio, a deal intended to boost its global supply chain.
RBS axes 2,000 jobs in shake up of investment bank
LONDON (Reuters) – Royal Bank of Scotland said on Thursday it would cut jobs in a restructuring of its investment bank, which a source familiar with the matter said would see about 2,000 jobs go.
Divisive Elan boss Martin faces ownership showdown
DUBLIN/NEW YORK (Reuters) – When Kelly Martin, a former Merrill Lynch banker with no drug industry experience, took over as CEO of Ireland’s Elan in 2003, analysts assumed his mandate was to clean up the troubled company and sell it.
BOJ Shirai says JGB yields to stabilize, signals no new steps
Asahikawa, JAPAN (Reuters) – The Bank of Japan expects bond yields to stabilize over time with its flexible market operations and massive asset purchases, a central bank policymaker said, signaling that it has no immediate plans to take fresh steps to …
Billionaire Lebedev to sell out of Russia’s Aeroflot: report
MOSCOW (Reuters) – Russian billionaire Alexander Lebedev has been in talks with investors about selling his 4.5 percent stake in flagship carrier Aeroflot OAO , the tycoon was quoted as saying on Thursday by business daily Vedomosti.
Exclusive – Wal-Mart’s everyday hiring strategy: Add more temps
(Reuters) – Wal-Mart Stores Inc has in recent months been only hiring temporary workers at many of its U.S. stores, the first time the world’s largest retailer has done so outside of the holiday shopping season.
Analysis: Cows block path toward Canada-EU free trade deal
WINNIPEG, Manitoba/BRUSSELS (Reuters) – Salvaging a free-trade deal between Canada and the European Union after four years of talks will require skillful pasture politicking to pacify beef and dairy cow farmers who see more risk than opportunity.
Banks seized more U.S. homes in May, RealtyTrac report shows
NEW YORK (Reuters) – Banks seized more U.S. homes in May as a greater number of Americans found themselves entering the foreclosure process, suggesting lenders were drawing down the pipeline of distressed properties, a report from RealtyTrac showed on …
Budgets rebound but states to limit spending increases
WASHINGTON (Reuters) – Most U.S. states are set to end this fiscal year in solid financial shape, but a report on Thursday said an array of threats including federal budget cuts and potential sales tax declines will keep state spending.
