United, Southwest buy 73 Boeing jets in blow to Bombardier
(Reuters) – United Airlines said on Thursday it will buy 40 small planes from Boeing Co , dealing a $3.2 billion blow to Bombardier Inc’s hopes of landing a major customer for its fledgling CSeries program.
Automakers recalled 51 million U.S. vehicles in 2015
WASHINGTON (Reuters) – The National Highway Traffic Safety Administration said on Thursday that automakers recalled 51.3 million vehicles in the United States last year, the second-highest ever, in 868 separate campaigns.
George Soros says he expects hard landing for China economy: Bloomberg
NEW YORK (Reuters) – Billionaire investor George Soros told Bloomberg TV on Thursday he sees a hard landing for China’s economy contributing to global deflation.
Ally Financial taps J.P. Morgan to advise on activist fight
(Reuters) – Ally Financial Inc has hired J.P. Morgan to advise the largest U.S. auto lender as it fends off activist hedge fund Lion Point Capital’s campaign for changes at the company, people familiar with the matter said on Thursday.
Verizon adds 1.5 million new monthly users; revenue beats estimates
(Reuters) – Verizon Communications Inc on Thursday reported higher-than-expected revenue for the fourth quarter as heavy promotions helped it counter aggressive offers and discounts from rivals and win new users.
Monsanto sues to keep herbicide off California list of carcinogens
CHICAGO (Reuters) – Monsanto Co said it filed a lawsuit on Thursday seeking to prevent glyphosate, the main ingredient in its weed killer Roundup, from being added to California’s list of known carcinogens, stepping up its defense of the widely used he…
Coca-Cola to invest $1 billion in Argentina over next four years
BUENOS AIRES (Reuters) – Coca-Cola Co will invest $1 billion over four years in its bottling and distribution operations in Argentina, the company said on Thursday, and leave the door open to further acquisitions in the South American country.
American Apparel ex-CEO tells court of ‘character assassination’
WILMINGTON, Del. (Reuters) – Dov Charney, the founder of American Apparel, told a U.S. judge on Thursday the board threatened “character assassination” if he fought his removal as chief executive in 2014, in testimony that could determine control of th…
Union Pacific CEO says consumers ‘just don’t seem to be showing up’
CHICAGO (Reuters) – Facing a freight recession caused by slumping commodity prices and industrial output, No. 1 U.S. railroad Union Pacific Corp said Thursday hopes of strong economic growth have so far been undermined by a key missing ingredient – the…
Oil spikes from 12-year low as equities rally, shorts cover
NEW YORK (Reuters) – Oil prices rebounded more than $1 a barrel from 12-year lows on Thursday, heading for their biggest daily gain this year as rallying financial markets gave some bearish traders reason to take profits on record short positions.
