Hong Kong pro-democracy group says support fizzles: Bloomberg

Hong Kong pro-democracy group says support fizzles: Bloomberg

HONG KONG (Reuters) – A Hong Kong pro-democracy movement that has threatened to blockade the financial district to protest against Beijing ruling out full democracy for the city said support for the group has dwindled, Bloomberg reported on Tuesday. "The number of people joining us will not be as big as we expect, because of [...]

McDonald’s to boost China supplier audits after food safety scandal

McDonald’s to boost China supplier audits after food safety scandal

SHANGHAI (Reuters) – McDonald’s Corp will increase the number of audits it conducts of suppliers in China, the firm said on Tuesday, after a food scandal in July dented China sales at the U.S. fast food chain and rival Yum Brands Inc. In a statement emailed to Reuters on Tuesday, the restaurant chain said half [...]

Pakistan PM chairs joint parliament session as crisis deepens

Pakistan PM chairs joint parliament session as crisis deepens

By Syed Raza Hassan ISLAMABAD (Reuters) – Pakistani Prime Minister Nawaz Sharif chaired a joint session of parliament on Tuesday as a deepening crisis over violent protests demanding his resignation prompted fears of an army intervention. Sharif enjoys a solid majority in parliament and by convening both houses he seeks to reaffirm that he is [...]

Eric Cantor to join investment bank Moelis as vice chairman

Eric Cantor to join investment bank Moelis as vice chairman

(Reuters) – Former U.S. House Majority Leader Eric Cantor will join investment bank Moelis & Co <MC.N> as vice chairman and managing director, the company said, adding that Cantor will also be elected to its board. Cantor, who was defeated in June by a Tea Party challenger in a Republican primary election, will provide strategic [...]

Burger King has maneuvered to cut U.S. tax bill for years

Burger King has maneuvered to cut U.S. tax bill for years

By Tom Bergin LONDON (Reuters) – Burger King may have taken a lot of flack in the past week for a deal that should curb its U.S. tax bill but in many ways it is consistent with the burger chain’s aggressive tax-reduction strategies in recent years. Some U.S. lawmakers and other critics attacked the company [...]

Insider traders in U.S. face longer prison terms, Reuters analysis shows

Insider traders in U.S. face longer prison terms, Reuters analysis shows

By Nate Raymond NEW YORK (Reuters) – U.S. judges are imposing increasingly long prison terms for insider trading, a Reuters analysis shows. The rise is at least partly driven by the bigger profits being earned through the illegal schemes, defense lawyers said. The trend is likely to continue on Monday when former SAC Capital Advisors [...]

Doubts over whether Detroit bankruptcy plan gets job done

Doubts over whether Detroit bankruptcy plan gets job done

By David Greising, Karen Pierog and Tim Reid DETROIT Reuters) – Detroit’s plan to recover from bankruptcy includes several blueprints for a new future. The only problem is the city, the largest ever to file for bankruptcy, is still a long way from financially healthy and its restructuring plans leave little room for error. Detroit [...]

U.S. business lobby says concerned China antitrust probes unfair

U.S. business lobby says concerned China antitrust probes unfair

By Michael Martina BEIJING (Reuters) – Foreign companies are increasingly concerned they are being targeted by Chinese regulators, a U.S. business lobby said on Tuesday, as a Chinese antitrust agency defended probes into firms such as U.S. chipmaker Qualcomm Inc <QCOM.O>. The American Chamber of Commerce in China is the latest business lobby to air [...]

Fiji says Syrian rebels want compensation, removal from terror list

Fiji says Syrian rebels want compensation, removal from terror list

By Baz Ratner and Lincoln Feast EIN ZIVAN Golan Heights/SYDNEY (Reuters) – Islamist fighters who seized dozens of Fijian soldiers serving as U.N. peacekeepers on the Golan Heights last week are demanding that their group be removed from a global terrorism list and that compensation be paid for members killed in fighting, the head of [...]

Hong Kong police arrest 19 in pro-democracy scuffles

Hong Kong police arrest 19 in pro-democracy scuffles

HONG KONG (Reuters) – Hong Kong police said on Tuesday they arrested 19 people during scuffles with pro-democracy activists prompted by China’s decision not to allow the Asian financial hub to choose its next leader. The 19, aged between 20 and 45, were arrested on Monday for illegal assembly, trying to force their way on [...]