Jaguar and Land Rover chief Polites dies at 60

Jaguar and Land Rover's Chief Executive Geoff Polites, who is credited with steering the storied British luxury brands through the ongoing sale process to India's Tata Motors Ltd, has died. He was 60.

Business International

Biz boost gives freight firm shot in the arm

Kuehne & Nagel International AG, the world's largest sea-freight forwarder, said first-quarter profit rose 19 percent as air and maritime shipments increased.

Big price hikes prove profitable for Nestle

Nestle SA, the world's largest food company, said first-quarter sales rose 6 percent after increasing prices by the most in a decade for products from Nescafe coffee to KitKat chocolate bars.

Circuit breaker maker up in Q1

Schneider Electric SA, the world's biggest maker of circuit breakers, said first-quarter revenue gained 11 percent, bolstered by emerging-market expansion and demand for energy-saving products.

IN BRIEF (Page 16)

Business International

Welch threatens to 'shoot' Immelt over earnings

Former General Electric Co chief executive Jack Welch said that he would "get a gun out and shoot" his successor, Jeffrey Immelt, if he allowed GE to miss earnings targets again.

Samsung chairman indicted on tax charges

Special prosecutors said yesterday they indicted Samsung Group Chairman Lee Kun-hee on charges of tax evasion and breach of trust, though cleared the conglomerate of allegations it kept a slush fund used for bribery.

Toyota profit may slide 20 percent

Toyota Motor Corp's operating profit may decline about 20 percent this fiscal year because of slowing US sales and a stronger yen, the Nikkei newspaper reported.

Woodside first-quarter sales increase 22%

Woodside Petroleum Ltd, Australia's second-largest oil and gas producer, said first-quarter sales rose 22 percent as the effect of higher prices outweighed a drop in production.

Thomson Reuters to focus on integration in Big Apple

Thomson Corp, which completed its $15.9 billion purchase of Reuters Group Plc yesterday, faces the most work merging operations in New York, said Tom Glocer, who will lead the combined company.