Wal-Mart told to pay pharmacist $16.08 million for gender bias, sum may drop
(Reuters) – Wal-Mart Stores Inc has been ordered by a federal judge to pay $16.08 million to a former New Hampshire pharmacist in a gender bias case, but the amount is only about half what a jury awarded and may fall substantially further.
Boeing, new lobby group aim to keep $8.7 billion in state tax breaks
SEATTLE (Reuters) – Boeing Co has joined a new coalition lobbying to preserve $8.7 billion in tax breaks that Washington state gave its aerospace industry in 2013, the group said.
Xi to be first Chinese leader to attend Davos World Economic Forum
BEIJING/GENEVA (Reuters) – President Xi Jinping this month will become the first Chinese head of state to attend the World Economic Forum (WEF) in Davos, which this year will dwell on the rising public anger with globalization and the coming U.S. presi…
U.S. crude output for 2018 to rise by 300,000 bpd: EIA
NEW YORK (Reuters) – The U.S. Energy Information Administration expects U.S. crude oil production in 2018 to rise by 300,000 barrels per day (bpd) year-on-year, according to its monthly short term energy outlook released on Tuesday.
Citi downgrades Goldman Sachs to ‘sell’ on valuation
(Reuters) – Citigroup downgraded Goldman Sachs Group Inc to “sell” citing valuation, sending its stock down as much as 1.6 percent and making it the biggest drag on the Dow Jones Industrial Average .
Brexit could put tens of thousands finance jobs at risk: executives
LONDON (Reuters) – Tens of thousands of jobs in Britain’s financial services sector could be lost if euro clearing shifts to continental Europe and full access to the bloc’s single market is lost, top industry officials said on Tuesday.
Coty to buy majority stake in Younique for about $600 million
(Reuters) – Beauty products maker Coty Inc said it would buy a 60 percent stake in privately held online cosmetics retailer Younique LLC for about $600 million as it reduces its dependence on its ailing fragrance business.
Automakers overhaul product plans to bet more on SUVs
DETROIT (Reuters) – Global automakers are reworking their product strategies and investments for the United States to bring more sport utility vehicles to showrooms amid a sharp turn away from small- and medium-sized cars, executives at Detroit’s auto …
VW manages record 2016 sales despite Dieselgate crisis
BERLIN (Reuters) – Despite the Dieselgate emissions scandal which has rocked Volkswagen , the German carmaker achieved record group sales in 2016 of 10.3 million vehicles, including a 12 percent jump in December.
Deutsche Bank’s top economist favors Trump over status quo
FRANKFURT (Reuters) – Deutsche Bank’s top economist said U.S. President-elect Donald Trump will be an improvement on “a mediocre status quo” and drive economic growth in the country higher.
