Industrials

Exclusive: China considers new regulator for financial sector

By creating an overseer for banks, Beijing could distribute the burden of managing its numerous and sometimes unruly state-owned businesses. The focus on banks may also tighten China's hold on its fast-growing financial sector.

Deere probed for possible violations of anti-bribery law: report

(Reuters) - The U.S. securities regulator is probing farm machine maker Deere & Co for possible violations of a law that bars American companies from bribing foreign officials, the Wall Street Journal said citing two people familiar with the matter.

Liz Claiborne wins dismissal of investor lawsuit

NEW YORK (Reuters) - Liz Claiborne Inc on Thursday won the dismissal of a shareholder lawsuit accusing the clothing designer of fraudulently misrepresenting its relationships with department store chains Macy's Inc and J.C. Penney Co , causing its stock to fall.

Reebok to pay $25 million for toning shoe claims

(Reuters) - Reebok International Ltd has agreed to pay $25 million to settle charges that it made unsupported claims that its "toning shoes" provide extra muscle strength, the U.S. Federal Trade Commission said on Wednesday.

U.S. budget standoff no savior for gold

Investors looking for a surge in gold prices as the U.S. government shutdown rumbles on and the deadline for raising the debt ceiling approaches are likely to be disappointed.

Aluminum premiums pressured by 'confusion' over LME: Alcoa CFO

Global aluminum premiums have fallen due to "confusion" over the London Metal Exchange's proposal announced on July 1 to overhaul its warehousing policy, Alcoa Inc Chief Financial Officer and Vice President William Oplinger said on Tuesday.

Aluminum premiums pressured by 'confusion' over LME: Alcoa CFO

Global aluminum premiums have fallen due to "confusion" over the London Metal Exchange's proposal announced on July 1 to overhaul its warehousing policy, Alcoa Inc Chief Financial Officer and Vice President William Oplinger said on Tuesday.

Daimler aims to launch self-driving car by 2020

Germany's Daimler AG plans to start selling a self-driving car by 2020 as part of its campaign to regain the top spot among premium carmakers, its development chief said.

GM sees auto industry slowing in turbulent Middle East

General Motors said it expected the automobile industry in the Middle East to show growth that is sustainable, but at a slower rate than in the last few years, hurt by uncertainty and political crisis in markets such as Egypt and Syria.