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Updated: 22 min 58 sec ago

VW to keep adding Chinese capacity amid double-digit growth

2 hours 25 min ago
BEIJING (Reuters) - Volkswagen will keep adding capacity in China as the German group is counting on double-digit growth in the biggest auto market, helped by strong economic growth in interior regions.

AMR loses bid to terminate retiree benefits

Fri, 04/18/2014 - 20:23
NEW YORK (Reuters) - A U.S. bankruptcy judge largely declined on Friday to rule that former American Airlines parent company AMR Corp had a unilateral right to terminate benefits for nearly 47,000 retirees.






Rajaratnam's brother loses bid to dismiss insider trading charges

Fri, 04/18/2014 - 17:10
NEW YORK (Reuters) - Rengan Rajaratnam, the younger brother of imprisoned hedge fund manager Raj Rajaratnam, on Friday lost a bid to dismiss some of the insider trading charges leveled against him last year.

Exclusive: Biogen prices hemophilia drug on par with older therapies

Fri, 04/18/2014 - 15:05
(Reuters) - Biogen Idec Inc is pricing its newly approved long-acting hemophilia drug, Alprolix, to cost U.S. patients, and insurers, about the same per year as older, less convenient therapies whose price can reach about $300,000 annually.






Brazilian tycoon Batista investigated for financial crimes: reports

Fri, 04/18/2014 - 14:20
RIO DE JANEIRO (Reuters) - Brazil´s federal police have opened an investigation into former billionaire Eike Batista for financial crimes, including insider trading, manipulation of markets and money laundering, Brazilian media reported on Friday.






Amazon's tax-free European profits drop after IRS clamp-down

Fri, 04/18/2014 - 13:06
LONDON (Reuters) - The amount of money Amazon.com Inc reports through a tax-exempt vehicle in Europe has dropped sharply in the past two years, even as European sales jumped, after the U.S. tax authority tightened rules it felt were being abused to shift profits.

Auto airbag maker Continental named in GM recall suit

Fri, 04/18/2014 - 12:51
(Reuters) - Plaintiffs' lawyers are seeking to draw Continental Automotive Systems U.S., the maker of airbag systems in recalled General Motors Co vehicles, into litigation over an ignition-switch defect that has been linked to 13 deaths.

Lululemon yoga pants lawsuits in U.S. win final dismissals

Fri, 04/18/2014 - 11:41
NEW YORK (Reuters) - A U.S. judge has issued final dismissals of lawsuits accusing Lululemon Athletica Inc and various company officials of defrauding shareholders by concealing defects in yoga pants.






Monte Paschi approves plan to increase cash call to 5 billion euros

Fri, 04/18/2014 - 10:19
MILAN (Reuters) - The board of Italian bank Monte dei Paschi di Siena on Friday approved a proposal to boost the size of a share sale it is planning to 5 billion euros ($6.9 billion) to help cover any gaps a Europe-wide bank check might find in its finances.






Audi expects to sell half million cars in China this year

Fri, 04/18/2014 - 08:57
BEIJING (Reuters) - Volkswagen's luxury division Audi plans to sell about half a million cars this year in China, the world's biggest auto market, and raise the number of its Chinese dealers to 500 by 2017.

GM could benefit, too, from an ignition-switch victims fund

Fri, 04/18/2014 - 08:03
(Reuters) - If General Motors Co creates a fund to compensate victims of its faulty ignition switches, an option that a top legal adviser suggested it is exploring, the company could give up strong defenses to a wave of lawsuits. But it could stand to gain even more.

Compensation battle rages four years after BP's U.S. oil spill

Fri, 04/18/2014 - 06:37
(Reuters) - Four years after the Deepwater Horizon spill, oil is still washing up on the long sandy beaches of Grand Isle, Louisiana, and some islanders are fed up with hearing from BP that the crisis is over.






Japan investment in Southeast Asia surges amid China slump

Fri, 04/18/2014 - 05:34
TOKYO (Reuters) - Japanese companies' investments in Southeast Asia surged last year to almost three times the amount invested in China, after relations between Beijing and Tokyo soured in 2012 and Chinese labor costs rose, a government agency of Japan said on Friday.

Tech workers seek to use Steve Jobs evidence in upcoming trial on no-hire accords

Fri, 04/18/2014 - 05:31
SAN FRANCISCO (Reuters) - Four large technology companies should not be allowed to limit evidence about Apple Inc co-founder Steve Jobs at an upcoming trial over no-hire agreements in Silicon Valley, according to a court document filed late on Thursday by employees suing the firms.






The robot is ready - so when will deep sea mining start?

Fri, 04/18/2014 - 03:37
NEWCASTLE, England/LONDON (Reuters) - The world's first deep sea mining robot sits idle on a British factory floor, waiting to claw up high grade copper and gold from the seabed off Papua New Guinea (PNG) - when a wrangle over terms is solved.

Japan, U.S. trade talks in stalemate, ministers to meet again: Japan

Fri, 04/18/2014 - 00:28
WASHINGTON/TOKYO (Reuters) - U.S.-Japan talks aimed at a trade deal seen as vital to a broader regional pact are in stalemate, Japan's economy minister said, as negotiators struggle to narrow gaps ahead of a summit between the countries' leaders.

Wall Street Week Ahead: Spring fever brings hope for U.S. earnings

Thu, 04/17/2014 - 19:20
NEW YORK (Reuters) - Earnings season shifts into high gear next week, and with nearly one-third of S&P 500 names set to post results, investors hope the news provides a catalyst to buy stocks and leave the market's recent weakness in the dust.






Disney sees operating income growth at cable networks

Thu, 04/17/2014 - 18:25
LOS ANGELES (Reuters) - Walt Disney Co's cable networks are expected to record high single-digit growth in operating income and domestic affiliate revenue from fiscal 2014 through 2016, Chief Financial Officer Jay Rasulo told investors on Thursday.

Retailer Michaels Stores confirms payment card data breach

Thu, 04/17/2014 - 18:20
(Reuters) - Michaels Stores Inc, the biggest U.S. arts and crafts retailer, on Thursday confirmed that there was a security breach at certain systems that process payment cards at its U.S. stores and that of its unit, Aaron Brothers.






Apache CEO, Vermont activist build alliance on climate issues

Thu, 04/17/2014 - 17:54
NEW YORK (Reuters) - Steve Farris runs a $33 billion Texas oil and gas company and turns, for advice, to a bearded Vermont environmentalist.