Bulgari targets Chinese shoppers with mainland boutiques
DAVOS, Switzerland (Reuters) – Bulgari is investing more than ever in China, aiming to tap in to the growing reluctance of Chinese shoppers to buy abroad due to security fears, stricter customs checks and a devaluation of its currency.
VW China Chief: ‘volume isn’t everything’ in contest with GM
BEIJING (Reuters) – Volkswagen AG’s China chief said on Saturday he’s optimistic in the company’s outlook for this year, saying “volume isn’t everything” in the competition with General Motors Co to lead the world’s largest car market.
Toshiba to sell part of its chip operations: sources
TOKYO (Reuters) – Japan’s Toshiba Corp plans to sell part of its chip business as it aims to recover from a $1.3 billion accounting scandal, three people familiar with the matter told Reuters on Saturday.
Investors look to Fed, earnings for direction next week
NEW YORK (Reuters) – Investors hoping equities can sustain their recent bounce next week will carefully watch the U.S. Federal Reserve’s mid-week policy meeting for signs the central bank may slow the path of interest rate hikes.
Viacom cuts Redstone pay due to reduced responsibilities; CEO pay rises
BOSTON (Reuters) – Viacom Inc said on Friday it cut the total pay of its 92-year-old Executive Chairman Sumner Redstone by 85 percent to $2 million last year in light of his “reduced responsibilities” and that it had raised the pay of Viacom Chief Exec…
Visual China buys Corbis Entertainment
(Reuters) – Chinese image licensing company Visual China Group said it acquired on Friday the image division and content licensing unit of photo library Corbis Entertainment, owned by Microsoft Corp’s co-founder Bill Gates.
Apple’s Zadesky, head of electric car project, to leave company: WSJ
(Reuters) – Apple Inc’s Steve Zadesky, who has been overseeing the company’s electric car project for the last two years, has said he is leaving the company, the Wall Street Journal reported on Friday, citing people familiar with the matter.
Google to pay $185 million UK back taxes, critics want more
LONDON (Reuters) – Google said on Friday it agreed to pay the UK tax authority 130 million pounds in back taxes, prompting criticism from campaigners and academics who said the UK tax authority had agreed a “sweetheart deal”.
New Takata air bag recall to cover five million U.S. vehicles
(Reuters) – U.S. regulators on Friday announced a new recall of about 5 million vehicles with potentially defective Takata Corp air bags, covering some automakers not previously affected by one of the biggest auto safety recalls in U.S. history.
Goldman Sachs, Morgan Stanley CEOs see slight 2015 pay cuts
NEW YORK (Reuters) – Wall Street’s two marquee investment banks each slightly cut their chief executives’ pay after a year that saw profitability fall and shares drop amid a turbulent backdrop. Goldman Sachs Group Inc Chief Executive Lloyd Blankfein an…
