Bailout or bust? Alitalia divides a nation, paralyzes Rome
ROME/MILAN (Reuters) – Italians are watching their flag carrier Alitalia go into yet another financial tailspin, and a growing number of them believe it would be better for the country if it crashed.
Zalando ponders opening stores in major cities: Manager Magazin
BERLIN (Reuters) – Online fashion retailer Zalando is pondering opening stores in major cities such as London, Paris or Berlin, the company’s co-chief executive told Germany’s Manager Magazin.
Google gets Australian tax office demand to pay more, says to fight it
SYDNEY (Reuters) – Alphabet Inc’s Google said it will challenge amended tax assessments issued by the Australian Taxation Office (ATO), which is trying to claw back billions of dollars from multinational corporations citing unpaid taxes.
Amazon’s moves beyond retail get Wall Street thumbs up, for now
SAN FRANCISCO (Reuters) – Amazon.com Inc’s ventures far beyond online retail, from cloud computing to movie making, are raising questions among corporate strategy experts about its focus.
Tesla must complete brake fix to regain top safety rating: Consumer Reports
DETROIT (Reuters) – Tesla Inc needs to complete fixing its Model S sedan emergency braking system to regain Consumer Reports’ top safety rating, the magazine said on Friday, noting that a recent update by the luxury electric car maker was not enough.
Time Inc says not to sell itself, shares plunge
(Reuters) – Time Inc said on Friday it would not sell itself but pursue a strategic plan to boost growth, sending its shares tumbling nearly 19 percent.
Shaw Communications explores selling ViaWest: sources
(Reuters) – Shaw Communications is looking for a buyer for ViaWest, the U.S. data center company it bought three years ago, according to people familiar with the matter, as the Canadian cable company continues to shed assets it considers non-core.
Tesla recruiting engineers in Mexico for California plant
SAN FRANCISCO (Reuters) – Tesla Inc is recruiting engineers from Mexico to work on robotics and other automated equipment at its California factory, according to LinkedIn postings viewed by Reuters, part of a hiring push to ready the plant for mass pr…
U.S. airlines overhaul overbooking after United fiasco
NEW YORK (Reuters) – The backlash against the rough removal of a United Airlines passenger to make room on a crowded flight has opened a divide in the U.S. industry over how to manage flight overbooking, with some renouncing the practice and others of…
Weekahead: Hot earnings to keep fire under growth-stock rally
NEW YORK (Reuters) – Don’t look for the outperformance of growth stocks to fade any time soon, as long as corporate earnings continue to improve and hopes remain for stronger economic growth.
