India reluctant to give special tax incentives to Apple
(Reuters) – India is resisting Apple Inc.’s demand for tax incentives to make iPhones in the country, with the trade minister saying on Thursday that New Delhi may not make exceptions for the U.S. tech giant.
Macy’s, Kohl’s slash 2016 profit forecasts citing weak holiday sales
(Reuters) – Department store chains Macy’s Inc and Kohl’s Corp both cut their 2016 profit forecasts on Wednesday, after holiday season sales fell more than expected, pushing down shares in the retail sector in extended trading.
VW must face U.S. investor lawsuit in emissions scandal
WASHINGTON (Reuters) – Volkswagen AG and former Chief Executive Officer Martin Winterkorn must defend an investor lawsuit in California over the company’s diesel emissions cheating scandal, a U.S. judge has ruled.
Exclusive: Amazon, Forever 21 vying for bankrupt American Apparel – sources
(Reuters) – Online retailer Amazon.com Inc and teen apparel store chain Forever 21 Inc are among the companies weighing offers to acquire bankrupt American Apparel LLC, people familiar with the talks said on Wednesday.
Initial Samsung production target is 10 million Galaxy S8 phones: media
SEOUL (Reuters) – Samsung Electronics Co Ltd has set an initial production target of 10 million Galaxy S8 smartphones, South Korea’s Electronic Times reported on Thursday, citing unnamed sources.
World stocks hit 1-1/2 year high after strong China data
LONDON (Reuters) – World stocks hit their highest level since mid-2015 on Thursday after strong Chinese data added to the optimism about global growth and inflation that has been driving markets since the start of the new year.
Toyota, Honda say no immediate plans to curb Mexico production
TOKYO (Reuters) – The presidents of Toyota Motor Corp and Honda Motor Co Ltd said they have no immediate plans to curb production in Mexico, preferring to wait until after Donald Trump’s inauguration as U.S. President this month before deciding wheth…
Yuan surge knocks dollar as China moves on speculators
LONDON (Reuters) – Some of the biggest gains on record for China’s yuan sent currency markets spinning on Thursday, driving the dollar broadly lower and threatening to quash one of the central bets of global investors for 2017.
U.S. small business borrowing rises as Trump elected president
(Reuters) – Borrowing by small U.S. firms ticked up in November, data released on Thursday showed, as Americans unexpectedly elected Republican Donald Trump as their next president and investors bid up U.S. stocks on bets that tax cuts will boost profi…
Ahead of key lender meetings, battered Toshiba expects support
TOKYO (Reuters) – Toshiba Corp’s chairman expects lenders to offer support during key meetings over the coming weeks, as the chips-to-construction conglomerate prepares to book a multi-billion dollar hit to its core nuclear arm.
