Subway says it shut hundreds of U.S. restaurants last year
(Reuters) – U.S. sandwich chain Subway Restaurants said on Thursday it shut 359 restaurants in the United States last year, amid stiff competition in a highly fragmented fast-food industry.
AIG considering Brian Duperreault as new CEO: CNBC
(Reuters) – American International Group Inc is considering former company veteran Brian Duperreault, who heads Hamilton Insurance Group, as its new chief executive, CNBC said, citing a media report.
Tesla to recall 53,000 cars over parking brake issue
(Reuters) – Tesla Inc said on Thursday it would recall 53,000 of its Model S and Model X cars globally to fix a parking brake issue.
Anthem denies report of talks with Justice Dept regarding merger
WASHINGTON (Reuters) – Health insurer Anthem Inc denied a report on Thursday that it was in negotiations with the Justice Department in an effort to save its merger with smaller rival Cigna Corp .
Eyeing U.S. market, Chinese automaker may change Trumpchi brand name
SHANGHAI (Reuters) – When Chinese automaker GAC Motor was preparing to enter the United States market it foresaw challenges in product localization and regulation, but didn’t see any issue with the name of its flagship brand, Trumpchi.
Harley Davidson will shift production, lay off 118 Pennsylvania workers
(Reuters) – Motorcycle maker Harley-Davidson Inc said on Thursday it will lay off 118 workers at its York, Pennsylvania, plant and shift employment to Kansas City, Missouri.
U.S. labor market tightening; mid-Atlantic factory activity cools
WASHINGTON (Reuters) – New applications for U.S. jobless benefits rose slightly more than expected last week, but a drop in the number of Americans on unemployment rolls to a 17-year low suggested the labor market continues to tighten.
Western Digital would consider Japan partners for Toshiba chip unit bid
TOKYO (Reuters) – Western Digital Corp , the U.S. partner of Toshiba Corp in a semiconductor venture, is in talks with Japanese government-backed investors and would consider a joint bid with them for the chip business, a senior official said on Thurs…
Verizon profit, revenue miss Wall Street view as subscribers dash
(Reuters) – Verizon Communications Inc on Thursday reported its first-ever quarterly loss of subscribers, even as it offered an unlimited data plan, raising questions on whether the No. 1 U.S. wireless carrier may need a larger acquisition than Yahoo …
Wall St rallies on earnings; Nasdaq hits record
NEW YORK (Reuters) – U.S. stocks rallied on Thursday, with the Nasdaq closing at a record, as a round of solid earnings led by American Express pushed equities higher.
