U.S. jobs data to test case for rate hike
DUBLIN (Reuters) – U.S. jobs data top economic readouts from around the world next week as global markets begin to return to business as usual following a typically quiet August with the calm broken on Friday by comments from Federal Reserve Chair Jane…
Google hires Airbnb exec to commercialize self-driving cars
WASHINGTON (Reuters) – Alphabet Inc’s Google self-driving car project took a step closer to market with the hire of a top executive from Airbnb, the online vacation home rental marketplace.
VW avoids cutting staff hours in supplier dispute
BERLIN (Reuters) – Volkswagen , ramping up output after more than a week of disruptions, said it has avoided trimming the hours of most of the 28,000 workers affected by suppliers retaining parts.
AB InBev expects to cut three percent of jobs after SABMiller takeover
BRUSSELS (Reuters) – Anheuser-Busch InBev expects to cut some 3 percent of its combined workforce after it has acquired rival SABMiller , according to takeover documents published on Friday.
Apollo Global to buy Rackspace Hosting in $4.3 billion deal
(Reuters) – Apollo Global Management LLC said on Friday it would buy cloud services provider Rackspace Hosting Inc in a deal valued at $4.3 billion, as the private-equity firm increases its investments in the technology sector.
Mazda recalling 190,000 CX-7 vehicles in U.S.
DETROIT (Reuters) – Mazda Motor Corp will recall 190,000 of its CX-7 sport utility vehicles from model years 2007 to 2012 in the United States because of an issue that may cause a loss of steering control, U.S. safety regulators said on Friday.
U.S. second-quarter growth trimmed to 1.1 percent; consumer spending raised
WASHINGTON, (Reuters) – U.S. economic growth was a bit more sluggish than initially thought in the second quarter as businesses aggressively ran down stocks of unsold goods, offsetting a spurt in consumer spending.
Lotte vice chairman found dead amid probe; suicide suspected
SEOUL (Reuters) – One of the top executives at South Korea’s Lotte Group was found dead on Friday, a suspected suicide, hours before he was to be questioned by prosecutors conducting a criminal probe into the country’s fifth-largest conglomerate.
Schooled in the short run, central banks struggle with a long-term role
JACKSON HOLE, Wyo. (Reuters) – Schooled in economic thinking that confines monetary policy to the short run, central bankers gathering in Jackson Hole, Wyoming, are grappling with a singular change: whether they can take over as guardians of long-term …
Foreign seed firms team up to oppose new India GM crop rules
NEW DELHI (Reuters) – Major international seed companies formed an alliance on Friday to oppose a proposal by India that would force them to share their genetically modified crop technology with local players.
