Ackman, Herbalife unscathed by probes: WSJ
(Reuters) – Two government probes into the conduct of longtime antagonists Pershing Square Holdings and Herbalife have failed to find sufficient evidence of criminal wrongdoing by either party, the Wall Street Journal said, citing people familiar with …
Brazil’s Petrobras to reduce investment plan by 5 percent: newspaper
BRASILIA (Reuters) – Petroleo Brasileiro SA will cut its 2016-2020 investment plan by 5 percent to $93 billion as the state-run oil company contends with dwindling oil prices and a massive corruption investigation, the O Globo newspaper reported on Sun…
HSBC to freeze salaries, hiring in 2016 in battle to cut costs: sources
LONDON (Reuters) – Europe’s largest lender, HSBC, is imposing a hiring and pay freeze across the bank globally in 2016, two sources familiar with the matter told Reuters.
UK supermarket group Morrisons cuts fresh food prices
LONDON (Reuters) – Britain’s fourth-largest supermarket operator Morrisons on Sunday said it was cutting the price of more than 1,000 products, with an average drop of 19 percent across fruit and vegetable lines.
VW not under pressure to sell trucks business: trucks chief tells paper
FRANKFURT (Reuters) – Volkswagen is not under pressure to sell its trucks business to raise cash as it faces billions of euros in costs after admitting to rigging emissions tests, management board member Andreas Renschler told a German newspaper.
Exclusive: India’s Sahara uses small savers to keep hill resort afloat
MUMBAI (Reuters) – India’s embattled Sahara conglomerate has been funneling cash from small savers to fund one of its biggest projects, a luxury resort south of Mumbai, according to documents Reuters reviewed.
Berkshire resumes buying Phillips 66 stock
(Reuters) – Berkshire Hathaway Inc , the conglomerate run by Warren Buffett, has resumed its purchases of Phillips 66 stock, and spent roughly $832 million in January to boost its stake even as the oil refiner’s profit margins narrowed.
Nokia-Samsung patent verdict expected within days
HELSINKI (Reuters) – Nokia and Samsung are expected to settle their two-year patent dispute within days, with analysts forecasting a one-time payment of hundreds of millions of euros for the Finnish company.
Toyota may halt Japan car output in February due to steel shortage
TOKYO (Reuters) – Toyota Motor Corp said on Saturday it may halt production at its domestic plants early next month due to a steel shortage, following an explosion at a steel plant operated by one of its affiliates.
U.S. corporations to report best and worst of times
NEW YORK (Reuters) – Stock market investors who spent January swayed by oil prices, economic weakness in China and central bank speculation may continue to do that next week, even though it should be a dramatic one for earnings reports and economic dat…
