IMF cuts global growth forecast as China slows
WASHINGTON (Reuters) – The International Monetary Fund cut its global growth forecasts for the third time in less than a year on Tuesday, as new figures from Beijing showed that the Chinese economy grew at its slowest rate in a quarter of a century in …
Ex-drug CEO Shkreli plans to replace lawyers
NEW YORK (Reuters) – Former drug executive Martin Shkreli plans to hire new legal counsel to represent him against U.S. charges that he defrauded investors at his former hedge fund and a pharmaceutical company he headed, Shkreli’s current lawyers said….
Areva says won $300 million in U.S. uranium enrichment contracts in 2015
PARIS (Reuters) – French nuclear group Areva won several long-term contracts last year from four U.S. utilities for uranium enrichment services worth more than $300 million, the group said on Tuesday.
Tiffany cuts jobs as sales lose sparkle
(Reuters) – Upscale jeweler Tiffany & Co reported a sharp decline in holiday season sales and cut jobs as it struggles with weak spending by tourists in its showpiece U.S. stores.
China’s growth hits quarter-century low, raising hopes of more stimulus
SHANGHAI (Reuters) – China’s economy grew at its weakest pace in a quarter of a century last year, raising hopes Beijing would cushion the slowdown with more stimulus policies, which in turn prompted a rally on the country’s rollercoaster share markets…
Apple makes progress on gender, racial diversity
(Reuters) – Apple Inc has made progress on boosting gender and racial diversity in its U.S. workforce, a regulatory document filed by the iPhone maker showed.
VW picks former BMW manager to head brand in North America: sources
BERLIN (Reuters) – Volkswagen has picked former BMW manager Hinrich Woebcken to run the North American business of its core brand, sources said, as the carmaker faces growing criticism of its handling of the emissions scandal in the United States.
J&J to cut 3,000 jobs in struggling device division
(Reuters) – Johnson & Johnson said on Tuesday it would cut about 3,000 jobs within its medical devices unit over the next two years, or about 4 to 6 percent of the struggling division’s global workforce, to generate annual cost savings of up to $1 billion and focus on more innovative products.
Icahn again urges AIG to become a ‘simpler’ company
(Reuters) – Activist investor Carl Icahn took another swing at American International Group Inc on Tuesday, saying the only “sensible” option for the insurer was to split up.
Home appliances to return to J.C. Penney after 30 years
(Reuters) – Department store operator J.C. Penney Co Inc said it would start selling home appliances from February, re-entering the business after a gap of more than 30 years.
