U.S. homeownership drop seen bottoming – Harvard study
(Reuters) – The fall in U.S. homeownership may have reached a bottom following 12 years of decline on signs of rising demand and supported by wage growth, a report from the Joint Center for Housing Studies of Harvard University released on Friday showe…
Amazon to buy Whole Foods for $13.7 billion, wielding online might in brick-and-mortar world
(Reuters) – Amazon.com Inc said on Friday it would buy Whole Foods Market Inc for $13.7 billion, in an embrace of brick-and-mortar stores that could turn the high-end grocer into a mass-market merchant and upend the already struggling U.S. retail indus…
Apple hires two top TV executives from Sony Pictures
(Reuters) – Apple Inc said on Friday it hired co-presidents of Sony Pictures Television, Jamie Erlicht and Zack Van Amburg, to lead its video programing efforts.
European Commission approves Shell’s $3.8 billion North Sea sale
LONDON (Reuters) – The European Commission approved on Friday Royal Dutch Shell’s $3.8 billion sale of North Sea oil and gas assets to private equity-backed Chrysaor.
Taxify hopes to lure Uber drivers with larger share of the fare
TALLINN (Reuters) – The key to success for ride sharers is keeping drivers happy so they run the app ensuring enough cars to meet passenger demand.
Airbus to add winglets to boost A380 sales: sources
PARIS (Reuters) – Europe’s Airbus plans to upgrade its A380 superjumbo with fuel-saving wingtip devices, or winglets, in an effort to boost slow sales of the mammoth jet, two people familiar with the matter said on Friday.
VW brand CEO sees new models driving profit and sales
BERLIN (Reuters) – Volkswagen is making headway with efforts to raise profitability at its troubled core brand and expects strong business next year thanks to a raft of new models, the division’s top executive said.
Amazon-Whole Foods deal roils Wall St.; energy shares gain
NEW YORK (Reuters) – Major U.S. stock indexes ended little changed on Friday even as Amazon.com’s $13.7 billion deal to buy upscale grocer Whole Foods roiled the retail sector and rocked shares of an array of companies including Wal-Mart and Target.
Fiat Chrysler CEO says 2018 targets unaffected by diesel troubles
VENICE, Italy (Reuters) – Fiat Chrysler Automobiles (FCA) does not expect its diesel problems in the United States to have an impact on its short-term business targets to 2018, Chief Executive Sergio Marchionne said on Friday.
Malaysia’s first lady linked to $30 million worth of jewelry bought with 1MDB funds
KUALA LUMPUR (Reuters) – Nearly $30 million of funds stolen from scandal-hit 1Malaysia Development Berhad (1MDB) was used to buy jewelry for the prime minister’s wife, including a rare 22-carat pink diamond set in a necklace, according to the latest fi…
