Unilever buys men’s grooming brand Dollar Shave Club
(Reuters) – Unilever Plc said it has agreed to buy U.S.-based men’s grooming brand Dollar Shave Club in a deal that would expand the consumer goods group’s catalog of personal care products.
GE takes digital strategy to China with Huawei tie-up
SHANGHAI (Reuters) – General Electric Co on Wednesday said it would partner with Huawei Technologies Co Ltd [HWT.UL] to develop smart machines designed to boost productivity, part of a drive to promote its “industrial internet” business in China.
China Hyundai dealers seek up to $135 million in compensation, claim automaker reduced supply
BEIJING (Reuters) – A group of 30 Hyundai Motor Co dealers in China plans to seek 800 million-900 million yuan ($120 million-135 million) in compensation from the South Korean automaker, the group’s leader said, claiming Hyundai cut the flow of models…
Income stasis lit fuse for political rocket
LONDON (Reuters) – Slow growth leaving swathes of the population with no real income gains for another 10 years will foster more disaffection that just bakes in political volatility and economic stagnation.
Brexit bump instills no confidence on sullen bond trading floors
(Reuters) – Even after a good quarter, optimism is hard to find on Wall Street’s bond trading floors.
Crude oil futures mixed before U.S. inventory report
TOKYO (Reuters) – Oil futures rose in Asian trading on Wednesday but gains were limited and U.S. crude traded sideways in advance of the release of official weekly inventory figures later in the day.
Three U.S. states sue Volkswagen, say executives covered up diesel cheating
WASHINGTON (Reuters) – Senior executives at Volkswagen AG including its former chief executive covered up evidence that the German automaker had cheated on U.S. diesel emissions tests for years, three U.S. states charged on Tuesday in civil lawsuits a…
Chesapeake sued for allegedly rigging U.S. oil, natgas leases
(Reuters) – Investors who sold oil and natural gas land leases to Chesapeake Energy Corp and now-bankrupt SandRidge Energy Corp sued Chesapeake and Tom Ward, SandRidge’s former CEO, alleging that they conspired to depress the market for those leases.
Cloud business boosts Microsoft’s quarterly revenue, shares rise
(Reuters) – Sharp growth in its commercial cloud computing business helped lift Microsoft Corp’s quarterly revenue above Wall Street’s expectations, sending the technology company’s shares up more than 4 percent in after-hours trading.
United Airlines plans $2 billion buyback, scale back growth
(Reuters) – United Continental Holdings Inc will buy back $2 billion of stock and sell fewer seats than planned, as rivals add flights in excess of demand, pushing down fares, the airline said Tuesday.
