Oil up as U.S. jobs data hits dollar; still headed for weekly loss
NEW YORK (Reuters) – Oil prices rose more than 2 percent on Friday as a report showing weaker U.S. jobs growth in August suppressed the dollar, pushing up commodities, but crude futures remained on track for a big weekly loss on glut concerns.
U.S. factory orders post largest increase in nine months
WASHINGTON, Sept 2 (Reuters) – New orders for U.S. factory goods recorded their largest increase in nine months in July as demand increased broadly, in a hopeful sign for the embattled
Louis Vuitton targets middle-income shoppers with perfume launch
PARIS (Reuters) – Louis Vuitton has launched its first perfume range since the founding merger of its parent LVMH in 1987, targeting middle-income shoppers amid a downturn in luxury spending.
China launches anti-trust probe into Comcast, DreamWorks deal
BEIJING (Reuters) – China’s commerce ministry will launch an anti-monopoly probe into Comcast Corp’s planned purchase of DreamWorks Animation after receiving unspecified complaints that the U.S. media deal could hurt competition in the Chinese market.
Dollar falls, global stocks rise after weak U.S. jobs data
LONDON (Reuters) – The dollar fell and stocks rose after U.S. jobs growth was weaker than expected in August, slashing prospects of a rate hike by the U.S. Federal Reserve this month.
U.S. trade deficit narrows as exports hit 10-month high
WASHINGTON (Reuters) – The U.S. trade deficit fell more than expected in July as exports rose to their highest level in 10 months, offering further evidence that economic growth picked up early in the third quarter.
Exclusive: Ford shelves compact car program for emerging markets, setback for India
NEW DELHI/DETROIT (Reuters) – Ford Motor Co has shelved plans to produce a new compact car family designed mainly for emerging markets like India and China, industry sources said, reflecting disappointing sales of mainstream models in the world’s fast…
Caterpillar says it may lay off 2,000 workers at Belgium plant
(Reuters) – Heavy machinery maker Caterpillar Inc said it could lay off about 2,000 employees at a plant in Belgium, as it considers shifting production to other facilities as part of a restructuring program announced last year.
Exclusive: Google shelves plan for phone with interchangeable parts – sources
SAN FRANCISCO (Reuters) – Alphabet Inc’s Google has suspended Project Ara, its ambitious effort to build what is known as a modular smartphone with interchangeable components, as part of a broader push to streamline the company’s hardware efforts, two people with knowledge of the matter said.
Carlyle, TPG form separate teams to bid for McDonald’s North Asia stores: sources
HONG KONG (Reuters) – Private equity firms Carlyle Group and TPG Capital have teamed up with two separate Chinese state companies to bid for McDonald’s outlets in China and Hong Kong in a deal worth between $2 billion and $3 billion, four people fami…
