Business Topics

May 16, 2013

Germany tells Google to modify search bar

Google Inc. must respect requests to remove autocomplete entries from its search bar in Germany if they are defamatory, a German court ruled Tuesday. The Federal Court of Justice upheld a complaint from an unidentified company selling nutritional supplements and its founder, identified only ...

May 16, 2013

EU raids oil firms in antitrust probe

The European Commission has carried out surprise inspections at several major oil companies over possible price-fixing in breach of EU antitrust rules. The commission did not name any of the companies involved in Tuesday’s raids but British energy giant BP, Shell and Norway’s Statoil ...

May 16, 2013

Dollar climbs to four-year high

The dollar temporarily rose above ¥102.50 for the first time in four years and seven months in Tokyo trading Wednesday, supported by increasing optimism about the U.S. economy. At 5 p.m., the dollar was quoted at ¥102.35-43, up from ¥101.37-38 at the same time ...

May 16, 2013

Nikkei rallies past 15,000 first time in 64 months

The Nikkei 225 average rose sharply Wednesday and ended above 15,000 for the first time in more than 64 months, thanks mainly to the weaker yen. The Nikkei closed 337.61 points, or 2.29 percent, higher at 15,096.03, its best closing level since Dec. 28, ...

May 16, 2013

Business confidence lifts U.S. stocks

The U.S. stock market marched back into record territory Tuesday as investors seized on encouraging news about the economy. This time, it was a report on the health of small businesses. Small business owners were slightly more optimistic in April, according to a survey ...

May 16, 2013

Europe may drop small euro coins

Small change in the euro, 1 and 2 cent coins, expensive to make and a nuisance for many, may have no future, the European Commission said Tuesday. Small and awkward they may be, but they have cost the eurozone about ?1.4 billion since 2002, ...

May 16, 2013

Ghosn: Yen at competitive level

The yen’s exchange rate is returning to a level suitable for competition, Nissan Motor Co. CEO Carlos Ghosn said, adding that his company will continue domestic output of the Infiniti luxury models for export. Ghosn was speaking to reporters Tuesday at the company’s factory ...

May 16, 2013

France, eurozone, EU all in recession

The recession across the economy of the 17 European Union countries that use the euro extended into its sixth quarter — longer than the calamitous one that hit the euro area during the financial crisis of 2008-9. Eurostat, the EU’s statistics office, said Wednesday ...

May 16, 2013

McLaren to get Honda F1 engines

Honda Motor Co. will return to Formula One racing in 2015 as an engine supplier to its former partner, McLaren of Britain, sources said Wednesday. Honda President Takanobu Ito will officially announce the move as early as this week, they said. The company plans ...

May 16, 2013

Honda plans Ohio sports car plant

Honda Motor Co. said Tuesday it will build a plant in Ohio to produce the second-generation model of its NSX sports car. Production is slated to start in 2015, according to the major automaker. The plant, the firm’s fifth vehicle production base in the ...

May 16, 2013

Qantas-Emirates tieup OK'd by N.Z.

New Zealand gave the green light Wednesday to an alliance between Qantas and Emirates. Transport Minister Gerry Brownlee said he had no objection to a deal, unveiled earlier this year, allowing the airlines to cooperate on passenger and cargo operations for an initial period ...

May 16, 2013

Nissan, GM link on cargo vehicle

Nissan Motor Co. and General Motors Co. announced they have reached an agreement for Nissan to supply GM with a small cargo vehicle model for sale in the United States and Canada. In what Nissan says is the first cooperation by the two carmakers ...