Wal-Mart Stores Cuts Staff in China
Wal-Mart Stores is cutting nearly 30 directors and midlevel
managers in China, where the retailer is pushing to contain costs
and improve slumping sales.
Toyota Says Takata Rupture in Japan Happened in a Toyota
Toyota Motor said the recent case of a Takata-made air bag
exploding in Japan happened in a Toyota vehicle.
Standard General to Swap RadioShack Shares
Standard General has agreed to give up some of its potential
stake in a recapitalized RadioShack in exchange for four board
seats, a move that could help the struggling electronics chain
stave off a bankruptcy filing.
Rio Tinto OKs Canadian Diamond Mine Development
Rio Tinto PLC approved a $350 million extension at a remote
subarctic diamond mine in Canada that the resources group controls
with Dominion Diamond, saying the move demonstrates its confidence
in future demand for the precious gemstones.
Court Bars Motorola Antitrust Case Against LCD Makers
A federal appeals court in the U.S. on Wednesday threw out
antitrust claims by phone maker Motorola Mobility that sought
damages from Asian electronics companies for alleged price fixing
on liquid-crystal-display panels.
Medtronic-Covidien Merger Gets U.S. Clearance
U.S. authorities approved Medtronic Inc.'s $43 billion merger
with fellow medical device maker Covidien after requiring the
spinoff of a drug-coated catheter business.
NHTSA Demands Chrysler Expand Recall of Takata Air Bags
U.S. auto-safety regulators are demanding Chrysler Group expand
its recall of potentially defective Takata air bags nationwide and
begin notifying customers of the new campaign by Monday.
Lawsuit Alleges Palladium, Platinum Prices Manipulated
Goldman Sachs, HSBC, Standard Bank, and German chemical maker
BASF have been accused of manipulating platinum and palladium
prices in a lawsuit filed in New York by a jeweler.
Woolworths Says Share Sell-Off Overdone
Woolworths, one of Australia's two largest supermarkets, said
investors over-reacted to its soft first-quarter sales result and
that trading conditions have improved in recent weeks.