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Friday, July 25, 2014

Business Today: GM recalls far from calamity for some dealers who find new customers, business

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07/25/2014
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GM recalls far from calamity for some dealers who find new customers, business
FOX LAKE Ill. (Reuters) - The news about deadly crashes linked to a faulty ignition switch, followed by wave upon wave of recalls, did not bode well for General Motors dealers earlier this year. It conjured visions of worried, frustrated drivers pouring onto lots like Raymond Chevrolet, outside of Chicago.
U.S. durable goods orders rebound, core capital goods rise
WASHINGTON (Reuters) - Orders for long-lasting U.S. manufactured goods rose more than expected in June, pointing to momentum in the economy at the end of the second quarter.
In China meat scandal, McDonald's Japan switches to Thai chicken, no nuggets in Hong Kong
HONG KONG (Reuters) - McDonald's Corp has suspended sales of chicken nuggets and other items in Hong Kong after it said it imported products from Shanghai Husi Food, the U.S.-owned Chinese company at the center of a food safety scare in China.
BSkyB to pay $9 billion to create Sky Europe
LONDON/PARIS (Reuters) - Britain's BSkyB has agreed to pay $9 billion to buy Rupert Murdoch's pay-TV companies in Germany and Italy, taking its hunt for growth into Europe by creating a media powerhouse with 20 million customers.
Stock futures dip on weak results; durable goods data due
NEW YORK (Reuters) - U.S. stock index futures edged lower on Friday, weighed by weak results including those from Amazon, and ahead of data on durable goods.
Liberty Media plans stock dividend to spin off cable assets
(Reuters) - John Malone's Liberty Media Corp started the process of spinning off its cable assets through a stock dividend to its shareholders to form a new listed company called Liberty Broadband.
FBI investigates Ford engineer after listening devices found: report
DETROIT (Reuters) - A 43-year-old former Ford Motor Co engineer is being investigated by the FBI after listening devices were found in meeting rooms at company offices, the Detroit News reported on Friday.
RBS privatization prospects brighten after surprise profit
LONDON (Reuters) - Part-nationalized Royal Bank of Scotland boosted its chances of an earlier than expected return to private ownership, posting a surprise 1 billion pound ($1.7 billion) second-quarter profit as its painful restructuring begins to bear fruit.
Murdoch's 21st Century Fox pledges to extend buybacks
LONDON (Reuters) - Rupert Murdoch's 21st Century Fox said on Friday it would renew a share buyback program using the proceeds from its partial exit from European pay-TV, regardless of any acquisitions the media group undertakes.
Russian consumer watchdog seeks ban on some McDonalds' products
MOSCOW (Reuters) - Russia's consumer protection agency has filed a lawsuit in a Moscow court seeking to ban some of McDonald's Corp's burgers along with its milk shakes and ice cream, a court spokeswoman said on Friday.
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