J.C. Penney looking to sell headquarters in Texas
(Reuters) – Department store operator J.C. Penney Co Inc said it is pursuing a potential sale and partial leaseback of its headquarters in Plano, Texas.
Mercedes not chasing volume at any price: Daimler CEO
FRANKFURT (Reuters) – Daimler Chief Executive Dieter Zetsche insisted on Friday the German carmaker would not sacrifice margins in its quest to overtake arch rival BMW and become the best-selling luxury car brand.
Estee Lauder raises 2016 sales forecast as makeup sales shine
(Reuters) – Estee Lauder Cos Inc reported better-than-expected quarterly sales and profit and raised the low end of its 2016 sales forecast, helped by strong demand for makeup brands such as Smashbox and Tom Ford.
Top U.S. economy forecaster holds steely confidence in job market: Reuters poll
(Reuters) – The U.S. unemployment rate will fall well below 5 percent, spawning a faster pickup in wage inflation and a series of Federal Reserve interest rate hikes this year, according to the top U.S. economic forecaster in Reuters polls for 2015.
Sweden’s IKEA loses right to use its own name in Indonesia
JAKARTA (Reuters) – Swedish furniture giant IKEA has lost the right to use its own brand name in Indonesia after a legal battle with a local company that claimed the trademark, court documents released earlier this week showed.
Oil prices steady, weak fundamentals weigh after volatile week
LONDON (Reuters) – Oil steadied on Friday in a volatile session, as bearish fundamentals pressured prices despite bullish indications earlier in the week.
Audi labor boss presses management for culture change
INGOLSTADT, Germany (Reuters) – Audi’s labor boss said he will “hold management responsible” for adopting a new leadership culture, raising pressure on the luxury carmaker to implement change as it grapples with its emissions scandal.
Foxconn says agreed with Sharp on most points of a takeover deal
OSAKA, Japan/TAIPEI (Reuters) – Taiwan’s Foxconn is aiming to finalize a deal to acquire Japan’s Sharp Corp by the end of the month, after the two firms reached a consensus on most points, Foxconn Chief Executive Officer Terry Gou said.
Stocks mixed, dollar recovering before U.S. jobs report
LONDON (Reuters) – The wait for U.S. monthly jobs numbers steadied stock markets on Friday and allowed the dollar to recover after its worst week in more than six years.
China cracks down on illegal GM crops ahead of Syngenta deal
BEIJING (Reuters) – Chinese officials have issued warnings to seed dealers and farmers not to use unapproved genetically modified seeds in the country’s main crop belt, shortly after Greenpeace said it had found widespread GM contamination in corn.
