Macy’s quarterly comparable sales top estimates
(Reuters) – Department store operator Macy’s Inc joined rival Kohl’s Corp in reporting a smaller-than-expected decline in quarterly comparable sales.
Macy’s, Kohl’s sales declines raise turnaround concerns
(Reuters) – Shares of department store chains Macy’s Inc and Kohl’s Corp tumbled on Thursday as the companies continued to report a drop in quarterly same-store sales, stoking concerns that their turnaround may still be a long way off.
Developers file antitrust complaint against Apple in China
BEIJING (Reuters) – A Chinese law firm has filed a complaint against Apple Inc on behalf of 28 local developers alleging the firm breached antitrust regulations.
VW Group, Tata Motors end talks on emerging markets cooperation
BERLIN/NEW DELHI (Reuters) – Cooperation talks between Germany’s Volkswagen Group and India’s Tata Motors about joint development of a car for emerging markets have ended amicably, the two companies said on Thursday.
VW labor leaders warn politicians not to put jobs in jeopardy
FRANKFURT (Reuters) – Volkswagen’s powerful labor representatives on Thursday urged lawmakers not to use the carmaker as a political football ahead of national elections next month and risk threatening jobs in Germany.
Former HK commodities exchange chief charged with conspiracy to defraud regulator: court
HONG KONG (Reuters) – Prominent businessman Barry Cheung, who founded the now-defunct Hong Kong Mercantile Exchange, appeared in a Hong Kong court on Thursday charged with conspiracy to defraud the securities regulator and fraud.
Toymaker Lego returns to Danish roots with sudden CEO switch
COPENHAGEN (Reuters) – Lego abruptly removed its chief executive Bali Padda after just eight months on Thursday, replacing the 61-year-old Briton with a younger Danish industrialist in a battle to become the world’s biggest toymaker.
Buoyant bitcoin stirs crypto-bubble fears
LONDON (Reuters) – Bitcoin and other “cryptocurrencies” are big money, virtually as big as Goldman Sachs and Royal Bank of Scotland combined.
Kaspersky Lab to withdraw Microsoft antitrust complaints
SAN FRANCISCO (Reuters) – Moscow-based cyber security firm Kaspersky Lab said on Wednesday it would withdraw antitrust complaints made in Europe against Microsoft after the U.S. technology giant agreed to change how it delivers security updates to Wind…
Toshiba wins unusual auditor sign-off, staves off delisting
TOKYO (Reuters) – Cash-strapped Toshiba Corp has staved off delisting after its accounting won auditor approval, albeit with a stern rebuke, leaving its listed status largely dependent on whether it can complete the stalled sale of its chip business b…
