Fendi sues Wal-Mart over sales of fake handbags
REUTERS: ITALIAN FASHION group Fendi S.R.L. sued Wal-Mart Stores Inc. in U.S. federal court last Friday, accusing the world's largest retailer of selling counterfeit handbags and passing them off as genuine at its Sam's Club warehouse stores.
L'Oreal to delist Body Shop
REUTERS: FRENCH COSMETICS group L'Oreal said on Friday its offer for Body Shop International Plc had secured 95.5 per cent of the British cosmetic chain's share capital and it would seek to delist the company.
US trade gap widens, import prices surge
WASHINGTON (REUTERS): THE UNITED States trade deficit widened less than expected in April, but oil import prices surged again in May, government reports showed on Friday, increasing expectations the Federal Reserve will raise rates again to try to curb..
Wal-Mart revives lawsuit against AIG, Hartford
REUTERS: WAL-MART Stores Inc. may pursue its fraud claim against AIG Life Insurance Co. and Hartford Life Insurance Co. that it suffered more than $100 million of losses from sham insurance policies, the Delaware Supreme Court ruled.
Nasdaq CEO says no plans to sell LSE stake
NEW YORK (Reuters): NASDAQ STOCK Market Chief Executive Robert Greifeld on Friday said he was not contemplating selling the exchange's 25.1 per cent stake in the London Stock Exchange (LSE).
Delphi, UAW reach deal on buyouts
Reuters: SOFT UNITED States vehicle sales in May, declining consumer confidence in the face of rising gasolene prices, and a weak sales forecast for the summer may spark a new rebate war among U.S. automakers, according to analysts.
US court orders Varig to return jets to Boeing
Reuters: A NEW York State Supreme Court on Friday ordered troubled Brazilian airline Varig to turn over a number of aircraft to various plaintiffs including Boeing Co.
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