Truck maker Volvo targets operating margin above 10 percent
STOCKHOLM (Reuters) – Sweden’s Volvo , one of the world’s biggest truck makers, on Thursday set new financial targets, and said it aimed for an operating margin above 10 percent over a business cycle.
“Safe-haven” euro could complicate ECB plan to roll back stimulus
LONDON (Reuters) – The euro’s rise above $1.20 this week has prompted talk that it is becoming a safe haven for investors, posing a problem for the European Central Bank as it plans to roll back its huge economic stimulus in the coming months.
Russia’s VTB sees no risks for itself from Otkritie bailout
MOSCOW (Reuters) – VTB , Russia’s second biggest lender, sees no risks for itself from the central bank’s bailout of Otkritie bank, it said on Thursday.
Yahoo must face litigation by data breach victims: U.S. judge
(Reuters) – A U.S. judge said Yahoo must face nationwide litigation brought on behalf of well over 1 billion users who said their personal information was compromised in three massive data breaches.
Lyft expands ride-sharing service to 32 more states
(Reuters) – U.S.-based ride services company Lyft Inc said on Thursday it unveiled availability to an additional 32 states, as it looks to take market share from its main rival Uber.
U.S. consumer spending rises modestly; inflation retreats
WASHINGTON (Reuters) – U.S. consumer spending rose slightly less than expected in July and annual inflation advanced at its slowest pace in more than 1-1/2 years, diminishing expectations of an interest rate increase in December.
Wells Fargo finds more unauthorized accounts, online billpay problems
(Reuters) – Wells Fargo & Co will refund more customers for charges they should not have incurred after expanding its review of improper sales practices, the third-largest U.S. bank said on Thursday.
Facebook’s Watch goes up against YouTube for ad dollars
(Reuters) – Facebook Inc launched its Watch video service to U.S. users on Thursday with plans to allow people to submit shows, as the No. 1 social media network vies with Alphabet Inc’s YouTube for advertising revenue.
German tourism body blames aviation regulation for Air Berlin failure
BERLIN (Reuters) – German taxes and regulation have allowed foreign airlines to take market share from German carriers and contributed to the failure of Air Berlin , Germany’s tourism trade body said on Thursday.
Wall Street gains on data and Mnuchin tax reform remarks
NEW YORK (Reuters) – U.S. stocks closed higher on Thursday as investors reacted to economic data and took cautious hope from Washington’s latest promises for long-awaited details of a tax reform plan.
