The ‘January effect’ for stock markets is fading: Goldman
LONDON (Reuters) – U.S. and UK equity indexes holding near record highs, a brighter earnings outlook and rising forecasts for economic growth have all spurred talk of the “January effect,” or the notion that the first month of the year is always bullis…
Siemens chief does not expect to be put under pressure by Trump
SEEON, Germany (Reuters) – Siemens chief Joe Kaeser said on Friday he does not expect the German engineering group to come under pressure from U.S. President-elect Donald Trump.
China sales vroom in 2016 for global automakers; dull 2017 looms
BEIJING (Reuters) – Global automakers reported a surge in China sales last year as consumers rushed to take advantage of a tax cut on small-engine cars, but cautioned 2017 would be tougher for the industry as the incentive is rolled back and the broade…
South Korean Volkswagen executive gets jail term in emissions scandal fallout
SEOUL (Reuters) – A South Korean court on Friday sentenced an executive of Volkswagen’s local unit to one year and six months in prison for fabricating documents on emissions and noise-level tests to achieve certification for vehicles for import.
J&J, Actelion approach Swiss takeover board over deal structure: paper
ZURICH (Reuters) – Johnson & Johnson and Actelion have asked Switzerland’s takeover board about the viability of a complicated takeover deal the U.S. healthcare company is discussing with the Swiss biotech firm, newspaper Tages-Anzeiger reported on Friday, without saying how it got the information.
Sales surge for global carmakers in China, Honda overtakes rivals
BEIJING (Reuters) – Sales surged for global automakers in China in 2016 as consumers rushed to buy cars to make the most of a tax incentive, with Honda Motor Co Ltd seeing a particularly brisk pace of business ahead of Ford and Toyota Motor Corp .
Toshiba to meet banks Tuesday, loan waiver expected: sources
TOKYO (Reuters) – Toshiba Corp plans to meet with creditor banks on Tuesday to explain how it is addressing a massive charge that the Japanese company says it must take on its U.S. nuclear business, three bankers briefed on the meeting said.
U.S. retail mall vacancies flat in fourth quarter: Reis
(Reuters) – U.S. retail mall vacancies in the fourth quarter were flat from the third at 7.8 percent, indicating that the retail real estate market is finally showing signs of a correction, real estate research firm Reis Inc said in a report.
Frontier Airlines hires banks to plan IPO – New York Times
(Reuters) – Low-cost carrier Frontier Airlines is preparing for an initial public offering and has hired banks to plan the debut, The New York Times reported, citing people familiar with the matter.
South Korea court convicts ex-Reckitt Benckiser unit chief in sterilizer case
SEOUL (Reuters) – A South Korean court convicted on Friday a former head of the local unit of the British consumer goods maker Reckitt Benckiser over the sale of humidifier sterilizers linked to deadly lung injuries, sentencing him to seven years in p…
