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Exclusive: Wal-Mart not considering a bid for Whole Foods – source

/  24.06.2017  /  Business 

(Reuters) – Wal-Mart Stores Inc is not actively considering making an offer for Whole Foods Market Inc, a source familiar with the matter told Reuters on Friday.

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DBRS downgrades Cenovus after ConocoPhillips deal

/  23.06.2017  /  Business 

CALGARY, Alberta (Reuters) – Ratings agency DBRS on Friday downgraded Cenovus Energy Inc, saying the Canadian oil company’s acquisition of ConocoPhillips assets in March negatively affects its credit and more than outweighs the benefits of the deal.

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Honda engineer debunks own claim about cause of Takata air bag failures

/  23.06.2017  /  Business 

DETROIT (Reuters) – Honda Motor Co on Friday released a 2013 email in which one of its engineers suggested that he knew some hidden truth about “the root cause” of Takata Corp air bag failures, but the engineer later said he was mistaken.

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Exclusive: Investment funds offered to invest in Italy’s Veneto banks three weeks ago – sources

/  23.06.2017  /  Business 

LONDON (Reuters) – A group of four international investment funds offered to inject 1.6 billion euros ($1.79 billion) of fresh capital into two ailing Italian banks in Veneto at the end of May, sources told Reuters, but their plan was not pursued by Rome.

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GM says settles many lawsuits over ignition switches

/  23.06.2017  /  Business 

NEW YORK (Reuters) – General Motors Co has reached a settlement to resolve lawsuits by 203 plaintiffs over defective ignition switches in many of its vehicles, lawyers for the automaker said in a court filing on Friday.

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Russia’s fighter jet makers ‘not afraid’ of U.S. competition in India

/  23.06.2017  /  Business 

PARIS (Reuters) – Russian military aviation firm MiG said on Friday it was ready to deepen its cooperation with India, just days after U.S. arms maker Lockheed Martin Corp agreed with Tata Advanced Systems to build F-16 fighters there.

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Official urges limited Fed role in addressing U.S. inequality

/  23.06.2017  /  Business 

CLEVELAND (Reuters) – The Federal Reserve cannot directly address the problems of inequality, globalization and the challenges facing lower-income Americans, a Fed official said on Friday, though it can help identify solutions for legislators to take up.

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Are you being served? Planemakers alter sales pitch to boost profit

/  23.06.2017  /  Business 

PARIS (Reuters) – Airbus and Boeing leave this week’s Paris Airshow with plans for ambitious growth in aviation services, as flattening demand for new jets and pressure to raise profit margins encourages planemakers to deepen their exposure to airline operations.

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Oil creeps up from 10-month low, down nearly 4 percent on week

/  23.06.2017  /  Business 

NEW YORK (Reuters) – Oil futures climbed almost 1 percent on Friday on lift from a falling dollar but remained down for a fifth week in a row and close to a 10-month low as OPEC-led production cuts have failed to substantially reduce a global crude glut.

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Ford’s China move casts new cloud on Mexican carmaking

/  23.06.2017  /  Business 

MEXICO CITY (Reuters) – A second U-turn this year by Ford Motor Co in Mexico has raised the specter of Chinese competition for local carmaking, adding to pressure on the industry after repeated threats by U.S. President Donald Trump to saddle it with punitive tariffs.

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