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The Chinese government is planning for private businesses and market forces to play a larger role in its economy, in a major policy shift to make China an even stronger competitor on the global stage. The NYT reports.
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RALEIGH, N.C.-- Tesla Motors is fighting a bill in North Carolina that would effectively ban the company from selling its electric cars in the state, pitting it against auto dealers who say the car maker has an unfair advantage selling directly to consumers online.
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NEW YORK-- Shares of Valeant Pharmaceuticals International Inc. spiked up Friday afternoon after a report said it might soon buy eye care company Bausch& Lomb Inc. Both comments wouldn't comment.
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NEW YORK-- Some of the country's largest retailers, including Target Corp. and Macy's Inc., on Thursday filed a lawsuit against MasterCard and Visa, rejecting a settlement reached last year over alleged fee-fixing.
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HONOLULU, May 25- The city of Detroit may be facing a deepening financial crisis but that hasn't stopped four trustees of its public pension funds from spending $22,000 of retirement system funds to attend a conference in Hawaii this week.
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JAKARTA, May 25- Between 35 and 40 percent of workers at Freeport McMoRan Copper& Gold Inc's Indonesian unit returned to work on Saturday to carry out maintenance work after a tunnel collapse that killed 28 people, a union official said.
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SHANGHAI, May 25- Chinese Premier Li Keqiang criticised the European Union over its plans to investigate alleged anti-competitive behaviour by Chinese mobile telecom equipment makers and to impose punitive import duties on solar panels from China, state media reported.
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MEXICO CITY, May 24- Latin American countries have little room to boost growth with fiscal or monetary stimulus as their economies slow and a slump in commodities prices undercuts a pillar of recent strength, top officials told Reuters this week.
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*Corruption arrests unprecedented in Cuba. HAVANA, May 24- The trial of a Canadian businessman who bribed Cuban officials ended on Friday after two days of testimony, but there was no word on the outcome in a case closely watched by Havana's foreign business community.
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Visa and MasterCard asked a judge to declare that credit-card fees paid by retailers don't violate antitrust law.
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Edward Woodard, the former chief executive of Bank of the Commonwealth, was found guilty along with two other executives by a federal jury in Norfolk following a multi-week trial, the U.S. Justice Department said.
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NEW YORK, May 24- General Growth Properties Inc has paired with Brookfield Office Properties Inc to bid for an expensive New York building in what could mark the No. 2 U.S. mall owner's entry into a new segment of the retail real estate market, according to two sources familiar with the deal.
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NEW YORK, May 24- The U.S. stock market's break in its recent rally this week left investors wondering if they're seeing a turning point or just a blip in the upward path. Next week could make it harder to figure out, considering that the long Memorial Day weekend typically signals the start of the summer.
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MEXICO CITY, May 24- Mexico is considering imposing retaliatory trade measures on the United States in a dispute over the fairness of U.S. rules requiring meat to carry labels that specify its origin, the country's economy ministry said on Friday.
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MEXICO CITY, May 24- A healthy boost in foreign direct investment in the first quarter underscored confidence in Latin America's No. 2 economy even as investment flows into the country's stocks and bonds moderated, central bank data showed on Friday.
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*Banking investments pouring into Colombia. BOGOTA, May 24- Colombia will remain a hot spot for foreign banks in the coming years as low credit penetration provides ample room for growth, the head of its second-biggest bank said on Friday, while he explores regional opportunities with special attention in Peru.
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NEW YORK, May 24- A long-awaited report on workplace wellness programs, which has still not been publicly released, delivers a blow to the increasingly popular efforts, Reuters has learned, casting doubt on a pillar of the Affordable Care Act and a favorite of the business community.
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MEXICO CITY, May 24- Mexico is considering imposing retaliatory trade measures on the United States in a dispute over meat labeling, the country's economy ministry said on Friday.
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Aflac Inc. fell$. 11 or. 2 percent, to $54.95. American International Group rose$. 16 or. 4 percent, to $44.69. MBIA fell$. 23 or 1.6 percent, to $14.57.
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Ford Motor Co. fell$. 02 or. 1 percent, to $14.79. General Motors Co. rose$. 02 or. 1 percent, to $32.87. Honda Motor Co. fell$. 84 or 2.1 percent, to $39.40.
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Pan American Silver Corp. fell$. 02 or. 2 percent, to $12.18. Silver Standard Resources Inc. rose$. 04 or. 6 percent, to $6.95. Silver Wheaton fell$. 35 or 1.5 percent, to $22.74.