Starbucks to let Mexico’s Alsea operate stores in four European markets
Starbucks Corp said on Thursday it would give its longtime partner Mexico’s Alsea SAB the rights to operate its cafes in France, the Netherlands, Belgium and Luxembourg as the coffee chain tries to streamline its operations in markets where sales hav…
Blackstone waves off concerns over Saudi funding
Blackstone Group LP , the U.S. buyout firm which is relying on Saudi Arabia to provide half the money for its planned $40 billion infrastructure fund, waved off concerns about funding on Thursday even as controversy rages over the disappearance of a Sa…
U.S. probes 54,400 Ford trucks over tailgate complaints
The National Highway Traffic Safety Administration (NHTSA) said Thursday it had opened a preliminary investigation into 54,400 Ford Motor Co pickup trucks after receiving five complaints that tailgates had unexpectedly opened while the vehicles were i…
Square introduces new payment terminal for small businesses
Square Inc, the company led by Twitter Inc Chief Executive Jack Dorsey, on Thursday launched a payment terminal for small business clients, expanding its suite of hardware products.
Sales growth accelerates at retailer Casino in third quarter, keeps goals
French retailer Casino , which is battling investor concern over its high debt, said that sales growth accelerated in the third quarter, reflecting an improving performance in its core French market and in Brazil.
Wall Street hit by weak industrial earnings, hawkish Fed
U.S. stocks fell on Thursday as weak earnings reports from industrials raised worries about rising expenses and the impact of tariffs, adding to concerns over higher borrowing costs after hawkish commentary in the Federal Reserve’s minutes.
Coca-Cola names company veteran Brian Smith chief operating officer
Coca-Cola Co on Thursday appointed company veteran Brian Smith as its chief operating officer, a role that has been vacant since former COO James Quincey became chief executive officer last year.
Factbox: Trade-in incentives in Germany to replace old diesel cars
Carmakers have started offering trade-in incentives in Germany to encourage customers to scrap older diesel vehicles and buy more sustainable engines.
Dollar rides a Fed wave higher; stocks, oil drop
The U.S. dollar index rose on Thursday alongside Treasury yields after Federal Reserve policymakers showed unity in favoring more rate hikes next year.
SAP plays down margin fears, prioritizes growth: CFO
Faster than expected growth in its cloud business has pressured margins at German business software company SAP , but for Chief Financial Officer Luka Mucic that’s a good problem to have.
