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GM creditor trust drops settlement with ignition switch plaintiffs

/  17.08.2017  /  Business 

NEW YORK (Reuters) – In a blow to people suing General Motors Co over faulty ignition switches and other alleged vehicle defects, a trust that holds many GM liabilities from before its 2009 bankruptcy has canceled a settlement that sought to force the automaker to pay $1 billion in shares to resolve millions of claims.

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India clears purchase of six Boeing helicopters in $650 million deal

/  17.08.2017  /  Business 

NEW DELHI (Reuters) – India on Thursday cleared the purchase of six more Boeing Co Apache helicopters in a deal worth close to 42 billion rupees ($654.6 million), a defence ministry official said.

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Germany’s Lufthansa looking to buy majority of Air Berlin planes

/  17.08.2017  /  Business 

BERLIN/FRANKFURT (Reuters) – Germany’s Lufthansa is considering buying a majority of insolvent Air Berlin’s aircraft, two people familiar with the matter said, as the government and rivals race to carve it up.

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U.S. jobless claims drop to near six-month low

/  17.08.2017  /  Business 

WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits fell to near a six-month low last week, pointing to a further tightening in the labor market that could encourage the Federal Reserve to lay out a plan to start unwinding its massive bond portfolio.

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Exclusive: China’s CEFC in early talks to buy Rosneft stake – sources

/  17.08.2017  /  Business 

HONG KONG/BEIJING (Reuters) – CEFC China Energy, which has grown from a niche oil trader to a sprawling energy conglomerate, is in talks to acquire a stake in Russian state oil giant Rosneft , three people with direct knowledge of the discussions said.

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Wal-Mart comparable sales beat estimates, margins dip

/  17.08.2017  /  Business 

CHICAGO (Reuters) – Wal-Mart Stores Inc on Thursday reported its 12th straight quarterly increase in comparable sales, but margins fell as the retailer continued to cut prices and invest in its e-commerce operations.

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Futures lower on weak inflation concerns

/  17.08.2017  /  Business 

(Reuters) – U.S. stock index futures were lower on Thursday, a day after the release of minutes from the Federal Reserve’s meeting showed policymakers appeared wary about weak inflation, muddying the path of future interest rate hikes.

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China’s Alibaba outstrips revenue estimates with online sales growth

/  17.08.2017  /  Business 

(Reuters) – Alibaba, China’s top e-commerce firm, beat analyst’s estimates with a 56 percent rise in first-quarter revenue, driven by growth in online sales which make up most of its business.

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Wisconsin lawmakers debate billions in incentives for Foxconn plant

/  17.08.2017  /  Business 

(Reuters) – The Wisconsin State Assembly on Thursday will consider a $3 billion incentive package for a proposed liquid-crystal display factory by Taiwan’s Foxconn, the first vote on the deal by a chamber of the state’s Republican-controlled legislature.

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Apple’s Cook says he disagrees with Trump, vows donations to rights groups

/  17.08.2017  /  Business 

(Reuters) – Apple Inc (AAPL.O) CEO Tim Cook has joined a chorus of business leaders who have voiced their opposition to President Donald Trump after he blamed white nationalists and anti-racism activists equally for violence in Virginia over the weekend.

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