Business Today: Double-digit profit growth may return in second quarter

		Click to View in Browser 07/4/2014 Double-digit profit growth may return in second quarter NEW YORK (Reuters) - With all the hoopla over the Dow topping 17,000 out of the way, the market's next focus will be whether the fast-approaching earnings season can justify U.S. stocks continuing their climb further into record territory. World stocks hold at all-time high after bumper week LONDON (Reuters) - World stocks were enjoying the view at an all-time high on Friday, lifted by a week of strong U.S. economic data and promises from the European Central Bank that cheap money will be sloshing around for years. U.S. 'concerned' about being barred from GSK-linked China trial SHANGHAI (Reuters) - The United States is worried that its officials have been barred from attending the Aug. 7 trial in China of British investigator Peter Humphrey and his American wife Yu Yingzeng after the couple were arrested last year following work they did for British drugmaker GlaxoSmithKline PLC. GM suspends South Africa production as striking union rejects offer JOHANNESBURG/CAPE TOWN (Reuters) - General Motors suspended production at its main South African plant after a strike hit parts supplies, the U.S. automaker said on Friday, making it the latest victim of relentless labor unrest in Africa's most advanced economy. EU widens tax investigation into multinationals: source LUXEMBOURG/BRUSSELS (Reuters) - The European Commission is widening its probe into how multinationals use countries such as Luxembourg to cut their tax bill, an official with knowledge of the matter said on Friday. Accusations fly in Bulgaria's murky bank run SOFIA (Reuters) - One worker at Bulgaria's Corporate Commercial Bank knew panic was setting in when she spotted colleagues among the anxious depositors lined up to withdraw cash from the troubled bank. Honda says to expand U.S. regional air bag recall to include California TOKYO (Reuters) - Honda Motor Co is expanding to the state of California a U.S. regional recall of vehicles over potentially explosive air bags made by Takata Corp, the automaker said on Friday, after a complaint that said a driver was injured in an accident in the state. GM switch complaints began 17 years ago, long before Cobalt DETROIT (Reuters) - General Motors car owners have been complaining to dealers about defective ignition switches since 1997, years before the automaker launched the Chevrolet Cobalt and other small cars with faulty switches linked to at least 13 deaths. China approves Lenovo, IBM $2.3 billion server deal BEIJING (Reuters) - The Chinese Ministry of Commerce's anti-monopoly bureau has approved Lenovo Group's proposed $2.3 billion deal to buy IBM Corp's low-end server business. GM to recall 27,051 Spark cars in Korea due to transmission defect SEOUL (Reuters) - General Motors Co will recall 27,051 Spark mini cars in South Korea due to a defective transmission mount, the latest in a string of global recalls by the U.S. automaker. Related Video Reuters on the Road: Wave goodbye to passwords Breakingviews: The US inflation threat Economic News U.S. job growth surges, unemployment rate near six-year low Accusations fly in Bulgaria's murky bank run A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend