VW labor chief calls for managers to waive bonuses: Handelsblatt
FRANKFURT (Reuters) – Volkswagen’s management board should volunteer to cut their bonus payments, the company’s powerful labor chief Bernd Osterloh told German daily Handelsblatt.
Silicon Valley veteran Bill Campbell dies
(Reuters) – Silicon Valley veteran Bill Campbell, who advised tech leaders including Apple’s Steve Jobs and Amazon.com’s Jeff Bezos, has died on Monday after a long battle with cancer, his family said.
The global oil deal that never came to be
DOHA (Reuters) – It was supposed to be the easiest deal ever reached among key oil market players, a mere formality.
Fed’s Kashkari favors higher capital requirements, smaller banks
(Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari on Monday doubled down on his call for reforms to the U.S. banking system, saying that failing to make changes could leave taxpayers on the hook for big bank bailouts in any future fi…
If oil stays cheap, household spending could rise: Fed paper
SAN FRANCISCO (Reuters) – The dramatic drop in the price of oil since 2014 has delivered only a muted boost to the U.S. economy, but that could change if households start figuring cheap oil is here to stay.
Costco plans chicken plant in Nebraska: local council
(Reuters) – Costco Wholesale Corp is considering building a poultry-processing plant in Nebraska in a move that would lead to the retailer buying area corn and soybean meal, according to an announcement by a local development council.
PepsiCo benefits from cost cuts, strong North America snack sales
(Reuters) – PepsiCo Inc reported a better-than-expected quarterly profit as it trimmed costs and demand rose in North America for its snacks, which include Cheetos and Lay’s chips.
Exclusive: Brazil’s CSN sues over Usiminas capital plan – sources
SAO PAULO (Reuters) – Cia Siderúrgica Nacional SA (CSN) has asked a Brazilian court to order rival steelmaker Usinas Siderúrgicas de Minas Gerais SA to tap cash from a unit and revise the terms of a capital plan that was passed on Monday, to prevent further losses on CSN’s investment in Brazil’s No. 1 listed flat steel producer, two sources said.
U.S. economy looks good but Fed remains cautious: Dudley
NEW YORK (Reuters) – U.S. economic conditions are “mostly favorable” yet the Federal Reserve remains cautious in raising interest rates because threats loom, New York Fed President William Dudley said on Monday.
Supreme Court rejects challenge to Google book-scanning project
WASHINGTON (Reuters) – The U.S. Supreme Court on Monday declined to hear a challenge by a group of authors who contend that Google’s massive effort to scan millions of books for an online library violates copyright law.
