Germany’s Lidl to price groceries up to 50 percent below U.S. rivals
NEW YORK (Reuters) – German discount grocery chain Lidl, which is opening its first U.S. stores this summer, said its products would be up to 50 percent cheaper than competitors, which are already caught up in a price war.
Ralph Lauren names P&G executive Patrice Louvet as CEO
(Reuters) – Ralph Lauren Corp named Procter & Gamble executive Patrice Louvet as chief executive, more than three months after his predecessor left the firm, following differences with founder Ralph Lauren over the direction of the company.
Wall Street tumbles as reform hopes fade with Trump crisis
(Reuters) – The S&P 500 and the Dow notched their biggest one-day fall since Sept. 9 as investor hopes for tax cuts and other pro-business policies faded after reports that U.S. President Donald Trump tried to interfere with a federal investigation set off alarm bells on Wall Street.
BP shareholders approve reduced CEO pay, new policy
LONDON (Reuters) – BP shareholders on Wednesday approved an $11.6 million pay package for chief executive Bob Dudley, after the oil and gas company cut it in response to investor pressure.
Judge may reject parts of Wells Fargo account abuse settlement
(Reuters) – A federal judge signaled that he may reject parts of Wells Fargo & Co’s proposed $142 million settlement with customers for whom it opened millions of unauthorized accounts.
Ford to cut 1,400 white-collar jobs, shares tumble
NEW YORK (Reuters) – Ford Motor Co said on Wednesday it plans to cut 1,400 salaried jobs in North America and Asia through voluntary early retirement and other financial incentives as the No. 2 U.S. automaker looks to boost its sagging stock price.
Western banks eclipsed by China’s along the new Silk Road
BEIJING (Reuters) – For global banks, China’s new “Silk Road” is a tantalising concept: billions of dollars in deals, loans and advisory fees, and a cozier relationship with Beijing for those who step up.
Investors to press Shell over climate pay policy small print
LONDON (Reuters) – Investors are pushing oil giant Royal Dutch Shell to explain the finer details of its plan to link executives’ bonus pay to lowering carbon emissions, urging more transparency as the world shifts away from fossil fuels.
Qualcomm ups ante in fight with Apple, sues four Taiwanese suppliers
(Reuters) – Chipmaker Qualcomm Inc has escalated its patent battle with Apple Inc , suing Foxconn and three other Taiwanese manufacturers that supply iPhone and iPad components for not paying royalties.
Ford to cut 10 percent of its salaried workforce in North America, Asia
(Reuters) – Ford Motor Co said on Wednesday that it plans to cut 10 percent of its salaried workforce in North America and Asia.
