Whole Foods price cuts hit hardest at Trader Joe’s, Sprouts: report
LOS ANGELES (Reuters) – Whole Foods rivals Trader Joe’s and Sprouts Farmers Market Inc have been hit hardest by customer defections since Amazon.com Inc’s price cuts at the premium grocer, Whole Foods price cuts, a data analytics firm said on Tuesday….
Toshiba buying back 10 percent stake in Westinghouse unit for $522 million
TOKYO (Reuters) – Japan’s Toshiba Corp said on Thursday it is buying back a 10 percent stake in Westinghouse Electric Co from minority shareholder Kazatomprom for 59 billion yen ($522 million), taking full ownership of the bankrupt U.S. unit.
Global shares score latest record high, dollar flexes muscle
LONDON (Reuters) – World shares hit their latest in a run of record highs on Tuesday, while the dollar was at it loftiest in 1-1/2 months as encouraging U.S. data lifted it in tandem with global bond yields.
Bank Hapoalim says U.S. tax settlement may be higher than thought
JERUSALEM (Reuters) – Israel’s Bank Hapoalim said on Tuesday the amount it may have to pay in a future settlement with U.S. authorities in a tax evasion probe could be “significantly higher” than previously thought and the provision for it may have to …
Split U.S. solar industry to debate tariffs at hearing
(Reuters) – A fractured U.S. solar industry will present differing proposals on Tuesday to a government commission considering measures to prop up domestic solar panel makers, who say cheap imports have left them on the verge of collapse.
Asian shares shrug off energy blues, dollar firms
TOKYO (Reuters) – Asian shares rose on Tuesday, taking heart from record closes on Wall Street and upbeat economic data that lifted U.S. Treasury yields and the dollar, even as weaker oil prices took their toll on energy stocks.
Consumer lending, insurance issues to weigh on Wells’ CEO’s Senate appearance on Tuesday
(Reuters) – Wells Fargo & Co CEO Tim Sloan will be questioned about sales practices, mischarging customers for auto insurance, and complaints about mortgage fees at the bank’s consumer lending unit when he testifies before U.S. senators on Tuesday.
Former Equifax chief will face questions from U.S. Congress over hack
WASHINGTON (Reuters) – U.S. lawmakers are due to question the former head of Equifax Inc at a Tuesday hearing that could shed light on how hackers accessed the personal data of more than 140 million consumers.
Asian shares shrug off energy blues after Wall Street records
TOKYO (Reuters) – Asian shares rose on Tuesday, tracking record closes on Wall Street and upbeat economic data that lifted U.S. Treasury yields and the dollar, although weaker oil prices took their toll on some market segments.
Uber board set for contentious meeting over ex-CEO’s power
SAN FRANCISCO (Reuters) – The board of Uber Technologies Inc [UBER.UL], including two new appointees of former Chief Executive Travis Kalanick, will meet on Tuesday to consider proposals that diminish the co-founder’s influence, strip early investors o…
