Volkswagen is ‘second mover’ in electric commercial vehicles: executive
FRANKFURT (Reuters) – Volkswagen is a “second mover” in electrified commercial vehicles, after lagging companies such as Tesla and Deutsche Post DHL in putting them on the road, the head of VW’s trucks business told a German newspaper.
Real Madrid adds lustre to China’s wannabe ‘Orlando’ tourist hub
HENGQIN, China (Reuters) – Just a stone’s throw across a narrow waterway from the world’s largest gambling hub Macau, a former oyster farming island is being transformed into China’s newest tourism haven.
Trump move to block chipmaker deal bad for America – Xinhua
SHANGHAI (Reuters) – U.S. President Donald Trump’s decision to block a Chinese-backed firm from buying a U.S.-based chipmaker this week is detrimental to America’s growth and the global economy, China’s state news agency Xinhua said in a commentary on …
Toys ‘R’ Us mulls bankruptcy filing: Wall Street Journal
(Reuters) – Toys ‘R’ Us Inc could file for bankruptcy in the coming weeks as pressure from skittish suppliers intensifies, the Wall Street Journal reported on Friday, citing people familiar with the matter.
Ant Financial to try again for U.S. approval of MoneyGram deal: source
(Reuters) – Chinese payments company Ant Financial is planning to resubmit its application for U.S. review of its deal to buy MoneyGram International Inc for $1.2 billion, a source familiar with the matter said on Friday.
Exclusive: AT&T weighs divestiture of Latin American TV assets – sources
(Reuters) – AT&T is evaluating a sale of its pay TV operations in Latin America as it seeks to pay down debt following its planned $85.4 billion acquisition of Time Warner Inc , people familiar with the matter said on Friday.
Bacon fans take heart as wholesale pork belly prices plummet
CHICAGO (Reuters) – Fans of BLT sandwiches, take heart: U.S. retail prices of bacon, which soared to record highs this summer, should begin to ease soon, according to livestock analysts.
Wall Street hits record highs, S&P 500 pierces 2,500
(Reuters) – Wall Street reached record highs on Friday, with the S&P 500 surpassing 2,500 points as telecommunications shares rose and technology bounced back after two days of declines.
Fed meeting could trigger stock sector rotation
NEW YORK (Reuters) – U.S. equity investors could rotate out of high-yielding sectors and into stocks of banks, which would benefit from the next leg up in interest rates, after the Federal Reserve’s policy-setting meeting wraps up on Wednesday.
Coffee consolidation percolates as hipsters drink up
LONDON/LOS ANGELES (Reuters) – Nestle’s high-priced purchase of a majority stake in California-based coffee bar chain Blue Bottle this week, highlights how big companies are seeking exposure to fast-growing premium brands driven by millenials.
