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Air France pilots vote to extend strike until Sept. 26

Air France pilots vote to extend strike until Sept. 26

PARIS (Reuters) – Air France pilots have voted to extend their week-long strike over cost cuts and plans for its Transavia unit by a further four days until Sept. 26, the head of the SNPL union said on Saturday.


Reuters: Business News

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Exclusive - Hyundai directors kept in dark on size of $10 billion land bid: sources

Exclusive – Hyundai directors kept in dark on size of $10 billion land bid: sources

SEOUL (Reuters) – Hyundai Motor and two listed affiliates did not seek board clearance for the size of their record $ 10 billion bid for a plot of land in Seoul, more than triple its appraised value, four board members of the companies told Reuters.


Reuters: Business News

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Dollar’s rally bad news for oil, multinationals

Dollar’s rally bad news for oil, multinationals

NEW YORK (Reuters) – The asset with the greatest prowess of late has been the U.S. dollar, and if its rally continues, it threatens to eat into the earnings of multinational companies.




Reuters: Business News

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As G20 chases growth goal, members differ on how to get there

As G20 chases growth goal, members differ on how to get there

CAIRNS Australia (Reuters) – As the Group of 20 leading economies meet to change no less than the “destiny” of the global economy, members remain divided on how to get there with Germany pushing back at U.S. calls for more government stimulus.




Reuters: Business News

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U.S. judge orders discovery to begin in some GM ignition switch cases

U.S. judge orders discovery to begin in some GM ignition switch cases

(Reuters) – A federal judge in Manhattan on Friday ordered discovery to begin for some cases filed against General Motors Co in connection with its recall of millions of cars for a faulty ignition switch.


Reuters: Business News

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Exclusive: France’s Iliad sets mid-Oct deadline for T-Mobile US bid - sources

Exclusive: France’s Iliad sets mid-Oct deadline for T-Mobile US bid – sources

LONDON/FRANKFURT (Reuters) – French low-cost telecom operator Iliad has set a mid-October deadline to decide whether to improve its bid for T-Mobile US or walk away as it faces resistance from seller Deutsche Telekom, several people familiar with the situation said.


Reuters: Business News

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Alibaba surges 38 percent on massive demand in market debut

Alibaba surges 38 percent on massive demand in market debut

NEW YORK (Reuters) – Alibaba Group Holding Ltd’s shares soared 38 percent in their first day of trading on Friday as investors jumped at the chance for a piece of what is likely to rank as the largest IPO in history, in a massive bet on China’s burgeoning middle class.


Reuters: Business News

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When music stops for Oracle CEO dance, Catz may grab Ellison’s chair : analysts

When music stops for Oracle CEO dance, Catz may grab Ellison’s chair : analysts

NEW YORK (Reuters) – If Larry Ellison sailed off on his yacht for good tomorrow, who would really run Oracle Corp ?




Reuters: Business News

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U.S. court voids RadioShack class-action settlement over card receipts

U.S. court voids RadioShack class-action settlement over card receipts

(Reuters) – A federal appeals court on Friday voided RadioShack Corp’s class-action settlement with customers who objected to its putting credit and debit card expiration dates on receipts, saying the benefits of the accord appeared too small relative to the proposed legal fees.


Reuters: Business News

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Forex weekly preview:USD/JPY one to watch

Forex weekly preview:USD/JPY one to watch

After a quiet start to the week, EURUSD dipped to a new 13-month low after Wednesday’s optimistic interest rate forecasts from the Federal Reserve.
Forex

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