May 15 The following are the top stories in the
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
European Commission raids oil groups over price benchmarks
Apple builds relations beyond Foxconn
Loeb puts polite pressure on Sony
Amazon hit by old-world strike action
US deficit falls faster than expected
RBS to spend an extra 450 million pounds on IT
European Commission officials on Tuesday carried out raids
on oil majors Royal Dutch Shell Plc, BP Plc and
Statoil in an investigation into the pricing of oil.
Taiwanese electronics maker Hon Hai Precision Industry
, the main manufacturing partner for Apple Inc
, is facing growing competition as the iPhone and iPad
maker shifts more orders to local rival Pegatron Corp.
Billionaire hedge fund manager Daniel Loeb has taken a $1.1
billion stake in Sony Corp and called on the Japanese
electronics group to sell off part of its film and music
Hundreds of warehouse workers at Amazon.com's
German operations went on strike on Tuesday in a dispute with
the global Internet retailer over pay and benefits.
The budget deficit at the world's largest economy is
shrinking more quickly than expected as the U.S. government
collects higher revenue from businesses, individuals and the two
mortgage companies it rescued during the financial crisis.
Royal Bank of Scotland Group, which faced one of the
worst IT failures in British banking history last June, would
spend an additional 450 million pounds ($686.56 million) to fix
its ailing IT systems, Chairman Philip Hampton told shareholders
at its annual meeting.