The Other Side of Life 24/7: Business Today: Philip Morris prepared to sue UK over plain cigarette packaging

Tuesday, August 12, 2014

Business Today: Philip Morris prepared to sue UK over plain cigarette packaging

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08/12/2014

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

Philip Morris prepared to sue UK over plain cigarette packaging

LONDON (Reuters) - Philip Morris International, the world's largest tobacco company, is prepared to sue the British government should it implement a law requiring plain packaging of cigarettes, a document seen by Reuters on Tuesday showed.

Exclusive: Standard Chartered to scour records for money laundering, with penalty at stake

(Reuters) - Standard Chartered Plc will soon begin sifting through a mountain of data for signs of possible money laundering or other criminal activity, as a result of faults in the software critical to its anti-money laundering compliance program, two sources with knowledge of the matter said.

U.S. small business sentiment rises in July: NFIB

WASHINGTON (Reuters) - U.S. small business sentiment rose in July, in a boost to the economic outlook at the start of the third quarter.

In tech hiring case, a new player at the table

SAN FRANCISCO (Reuters) - It's not often that a judge decides to blow up a settlement worth hundreds of millions of dollars because it is too low, but San Francisco attorney Daniel Girard convinced one Silicon Valley jurist to do exactly that.

VW brand sales rise as Europe, China demand offsets Americas drop

BERLIN (Reuters) - German carmaker Volkswagen increased sales at its core passenger-car brand by 4 percent in July as higher deliveries in Europe and China offset declines in the Americas.

Exclusive: Private equity seeks assurances from U.S. regulators over loans

(Reuters) - The private equity industry's lobbying group met officials from the Office of the Comptroller of the Currency and the Federal Reserve last week to address concerns over a crackdown on junk-rated loans, people familiar with the matter said on Monday.

Lawyers pitch to lead GM ignition-switch cases

NEW YORK (Reuters) - Lawyers from across the United States gathered in Manhattan Monday to jockey for leadership roles in litigation against General Motors over a faulty ignition switch that has prompted the recall of millions of vehicles.

Boeing expects most of defense unit cost cuts from supply chain

SEATTLE (Reuters) - The head of Boeing Co's defense, space and security business said on Monday that nearly two-thirds of the $6 billion in cost cutting the unit is undertaking will come from savings found in its network of suppliers.

Postal Service loses $2 billion in second quarter

WASHINGTON (Reuters) - The U.S. Postal Service continued to bleed money during its second quarter, despite an increase in package revenues and an emergency price hike that took effect in January.

German investor morale plunges on Ukraine, growth worries

MANNHEIM Germany (Reuters) - German analyst and investor morale plunged in August to its lowest level in more than 1-1/2 years as the crisis in Ukraine took its toll, a survey showed, suggesting that Europe's largest economy is running out of steam.