Adidas U.S. push keeps up pressure on Nike, Under Armour
HERZOGENAURACH, Germany (Reuters) – The new boss of Adidas increased sales and profit targets on Wednesday, sending shares in the German sportswear firm to a record high as he pledged to keep investing heavily in the key U.S. market and do more to boo…
Watchdog presses U.S. lawmakers to probe Icahn’s role with Trump
(Reuters) – A government watchdog group, Public Citizen, said on Wednesday it has asked lawmakers to investigate whether Carl Icahn violated lobbying disclosure laws, a complaint the billionaire investor denied and called a “witch hunt.”
Fiat Chrysler’s merger options dwindle as Volkswagen rejects overtures
GENEVA (Reuters) – Fiat Chrysler boss Sergio Marchionne’s attempts to find a partner were frustrated for a second time in as many days on Wednesday, as Volkswagen (VW) joined General Motors (GM) in dismissing any interest in talks with their smaller r…
Exclusive: Airbus may ditch A380’s grand staircase as sales tumble
(Reuters) – Airbus is considering doing away with one of the hallmarks of its A380 superjumbo, a “grand staircase” echoing the era of cruise ships, as it looks to revive sales of the world’s largest airliner, industry sources said.
Aircraft lessors lukewarm on Boeing’s planned 737-10 jet
SAN DIEGO (Reuters) – Major aircraft leasing companies have offered a lukewarm response to proposals by Boeing to build a bigger version of its 737 MAX family to counter the Airbus A321neo.
Hyundai Motor redesigns Sonata to reverse falling sales
SEOUL (Reuters) – South Korea’s Hyundai Motor Co unveiled a redesigned Sonata on Wednesday, aiming to reverse a fall in sales of a model struggling to stand out in a shrinking saloon segment.
Juniper’s Gary Clark joins Tesla as chief information officer
(Reuters) – Gary Clark, a former IT chief technology officer at Juniper Networks Inc , joined Tesla Inc in February as its chief information officer, according to Clark’s LinkedIn profile.
Europe stocks inch up, dollar rises before jobs data
LONDON (Reuters) – European shares edged up on Wednesday after minor gains in Asia as Chinese import data signaled a recovering economy, while the dollar rose before jobs numbers that could help cement expectations that U.S. interest rates will rise ne…
Fed to make sequential hikes until ‘something breaks’: Gundlach
NEW YORK (Reuters) – Jeffrey Gundlach, chief executive officer at DoubleLine Capital, said on Tuesday he expects the Federal Reserve to begin a campaign this month of “old school” sequential interest rate hikes until “something breaks,” such as a U.S. …
Industry questions higher insurance costs under Republican plan
NEW YORK (Reuters) – The House Republican health insurance plan suggests health insurance after Obamacare will be less affordable, investors, insurers and industry sources said on Tuesday, raising questions about future enrollment and insurance company…
