The Other Side of Life 24/7: Business Today: ADRs dominate early trading on Wall Street

09/16/2014

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

ADRs dominate early trading on Wall Street

NEW YORK (Reuters) - Early trading on the New York Stock Exchange Tuesday was dominated by stocks of companies not based in the United States and the most traded, in volume terms, were barely budging in price.

U.S. producer prices unchanged in August

WASHINGTON (Reuters) - U.S. producer prices were flat in August, pointing to muted inflation pressures that should see the Federal Reserve in no hurry to raise interest rates.

New global plans unveiled to crack down on corporate tax avoidance

LONDON (Reuters) - Plans for a major rewriting of international tax rules unveiled on Tuesday could eliminate structures that have allowed companies like Google Inc and Amazon.com Inc to shave billions of dollars off their tax bills.

U.S. auto regulators played key role in GM recalls, report says

WASHINGTON (Reuters) - Federal auto safety regulators played a significant role in General Motors Co's failure to promptly report and recall cars with defective parts that led to at least 19 deaths, a congressional report said on Tuesday.

GM's Opel to cut Russia production as slowdown bites

BERLIN (Reuters) - U.S. carmaker General Motors is cutting production and shedding around 500 jobs at its Opel division in Russia, hit by a plunge in local demand due to a slowing economy and Western sanctions.

Boeing-Lockheed venture said teaming with Bezos on rocket engine

WASHINGTON (Reuters) - A joint venture of Boeing Co and Lockheed Martin Corp plans to announce on Wednesday that it will team up with Blue Origin, a company run by Amazon.com Inc founder Jeff Bezos, to develop a new rocket engine, a source familiar with the plans said.

Calpers dumps hedge funds citing cost, to pull $4 billion stake

(Reuters) - The California Public Employees' Retirement System, the largest U.S. pension fund, said on Monday that it will pull all $4 billion it has invested in hedge funds because it finds them too costly and complicated.

Exclusive: U.S. safety chief raps GM's 'flawed' culture on recalls

(This Sept. 15 story corrects title in second paragraph to deputy administrator from acting administrator)

Airbus to sell off business units in defence and space review

BERLIN/PARIS (Reuters) - Airbus Group has unveiled plans to sell half a dozen businesses with combined annual revenues of around 2 billion euros ($2.6 billion), simplifying its Defence and Space division to focus on warplanes, missiles, launchers and satellites.

Goldman Sachs revises price guidance on debut sukuk; books at $1.4 billion: leads

DUBAI (Reuters) - Goldman Sachs will complete a $500 million debut sukuk issue later on Tuesday, with price guidance tightened slightly from earlier indications due to strong demand from investors, a document from lead managers showed on Tuesday.