U.S.-Cuba embassy deal could boost bid to undercut trade embargo WASHINGTON/ HAVANA, July 1- An historic agreement to restore diplomatic ties between Washington and Havana could provide fresh momentum for lawmakers and activists seeking to chip away at- and eventually upend- the 53- year-old U.S. trade embargo. "This is more than symbolism," said Geoff Thale, program director at the Washington Office on Latin America, a group...
| By: Matt Spetalnick and Marc Frank
Jaguar Land Rover signs partnership to build cars in Austria LONDON, July 2- Luxury carmaker Jaguar Land Rover has signed a contract to build some vehicles in Austria, it said on Thursday, a further expansion away from its UK manufacturing base. The brand, owned by India's Tata Group since 2008, opened its first overseas manufacturing plant in China in October and is building a Brazilian plant in a bid to expand volumes and...
UPDATE 1-Union Pacific imposing hefty surcharge on older crude railcars HOUSTON, July 1- Union Pacific Corp will impose a $1,200 per-car surcharge on oil shippers that move crude in older railcars, the company told customers this week, becoming at least the second U.S. railroad to charge extra amid widespread safety concerns. Union Pacific said it changed its tariff in response to stronger U.S. rules for handling flammable liquids...
| By: Kristen Hays
Beware of these EM dark horses The scope of worry for emerging market investors just got wider, as Colombia and Peru become the latest entrants to the pool of troublesome markets.
| By: Nyshka Chandran
Hewlett-Packard moves forward with plan to split in 2 SAN FRANCISCO- Hewlett-Packard is moving forward with plans to split into two companies, filing paperwork to create a new entity that will sell commercial technology, while a separate spinoff will sell personal computers and printers. The papers show those units had $25.6 billion in sales over the last two quarters, with net earnings of $852 million.
Source: The Associated Press
| By: By BRANDON BAILEY, AP Technology Writer