GM Confirms Accident Linked To Faulty Switch

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General Motors confirmed that the car accident involving a Texas woman, who later plead guilty to criminal negligent homicide in her fiancé’s death, is among those linked to the company’s faulty ignition switch issue.

Thai Property Developer to Buy Dean & DeLuca

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Thai property developer Pace Development Corp. agreed to buy gourmet food brand Dean & DeLuca for $140 million with intentions to boost the chain’s footprint.

Drone Flights Face FAA Hit

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Highly anticipated federal rules on commercial drones are expected to require operators to have a license and limit flights to daylight hours, below 400 feet and within sight of the person at the controls.

Pressing a Google Breakup

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Some European legislators, with German government backing, are preparing a draft resolution calling for the breakup of Google, adding pressure on the EU’s new competition chief to proceed forcefully.

French Box Shipper Eyes Short-Sea Deal

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France’s CMA CAGM, the world’s third-biggest container-shipping operator by capacity, is in talks to buy a specialist German operator of short-distance cargo ships, a person familiar with the situation said.

HealthSouth to Acquire EHHI Holdings for $750 Million

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HealthSouth agreed to acquire privately held EHHI Holdings for about $750 million, a move that would expand the inpatient-hospital operator into the home-health market.

Redbox Raising DVD Rental Price by 25%

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Redbox is raising its DVD rental price by 25%, in a move that could improve the company’s stagnant bottom line and help the Outerwall Inc. unit invest in new technology.

United Technologies CEO Chenevert to Retire

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United Technologies Corp. said Chief Executive Louis Chenevert plans to retire, effective immediately, and it named Chief Financial Officer Gregory Hayes as his successor.

Budweiser Ditches the Clydesdales for Jay Z

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AB InBev plans to concentrate future Budweiser promotions exclusively on the 21- to 27-year-old age bracket, after years of developing advertising and marketing that appeals to all ages.

Hong Kong Protests Sideline Jeweler

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Chow Tai Fook Jewellery, one of the world’s largest jewelers, is the latest high-profile corporate victim of the pro-democracy protests that have gripped Hong Kong for nearly two months.

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