Dollar in doldrums as heads for worst week since 2009
LONDON (Reuters) – The dollar inched up from a 2-1/2-month low on Friday but was on track for its heaviest weekly loss since 2009, as investors awaited U.S. employment data for justification of the view that the Federal Reserve will not raise rates in …
Volvo readies for U.S. slowdown as fourth-quarter profit just lags
STOCKHOLM (Reuters) – Swedish truck maker Volvo forecast a steeper than expected slowdown in the North American heavy-duty truck market this year and said it would cut production there after posting a slightly smaller than predicted rise in fourth-quar…
U.S. banks targeted by activist investors on merger wave hopes
(Reuters) – Activist investors are putting the U.S. banking sector in their crosshairs, betting that headwinds whipping through the industry will accelerate consolidation among lenders.
ArcelorMittal plans $3 billion capital increase as profits slip
BRUSSELS (Reuters) – ArcelorMittal , the world’s largest steelmaker, launched plans on Friday to raise $3 billion in fresh capital in a bid to reduce debt in the face of weak steel and mining sectors.
Honda to recall more cars in Japan due to Takata airbag issue
TOKYO (Reuters) – Honda Motor Co on Friday said it was recalling about 443,000 vehicles including its Fit compact cars in Japan over potentially faulty air bags manufactured by Takata Corp, as a global recall continues to mount.
Exclusive: State Street nears deal for GE’s asset management arm – sources
(Reuters) – State Street Corp is nearing a deal to acquire General Electric Co’s $115 billion asset management business, according to people familiar with the matter, as the U.S. industrial conglomerate continues to shed unloved assets.
Foxconn CEO meeting with Sharp execs on Friday; Sharp shares soar
TAIPEI/TOKYO (Reuters) – Foxconn Chief Executive Officer Terry Gou is in Osaka to meet executives of Japan’s Sharp Corp, a Sharp spokesman said, one day after the struggling electronics maker said it was focusing on the Taiwan firm’s takeover bid over …
Beefed up: McDonald’s edging out KFC, Pizza Hut in China revival battle
SHANGHAI (Reuters) – Yum Brands Inc , the home of KFC and Pizza Hut, is falling behind rival McDonald’s Corp as the pair battle to revive flagging sales in China – a headache for Yum as it looks to spin off operations in its biggest market.
LinkedIn forecasts weak first-quarter profit, shares plunge
(Reuters) – LinkedIn Corp forecast first-quarter revenue and profit below Wall Street estimates as growth slows in its ads business and its hiring services face pressure outside North America, dragging its shares down 28 percent after the bell.
Viacom names CEO Dauman as chair as Redstone exits; daughter protests
NEW YORK (Reuters) – Viacom Inc’s board of directors named Chief Executive Officer Philippe Dauman as executive chairman, replacing majority owner Sumner Redstone, overriding calls for an independent board chief from Redstone’s daughter, who voted agai…
