Renault shares slide further despite emissions assurances
PARIS (Reuters) – French assurances failed to impress Renault investors on Friday over concerns the carmaker could be drawn into a damaging diesel emissions probe in Volkswagen’s wake.
Wells Fargo profit slips amid concerns about sour energy loans
(Reuters) – Wells Fargo & Co, the biggest U.S. residential mortgage lender and a major lender to the energy industry, reported a slight dip in quarterly profit on Friday as it set aside more money to cover bad loans to oil and gas companies.
Cadbury maker Mondelez to switch to cage-free eggs by 2020 in U.S.
(Reuters) – Mondelez International Inc , the maker of Cadbury chocolates and Oreo cookies, said it would stop using eggs laid by caged hens for its products sold in the United States and Canada by 2020.
Chinese GDP to worry central banks at home and abroad
FRANKFURT (Reuters) – China is set to report its weakest full-year growth figure in 25 years on Tuesday on the back of slowing output and sagging investments, troubling news that will likely dominate discussion at the European Central Bank and Bank of …
U.S. December industrial output slumps for third straight month
WASHINGTON, (Reuters) – U.S. industrial production fell for the third straight month in December, a weak end to the year that underscored a worsening outlook for fourth-quarter economic growth.
U.S. retail sales end 2015 with a whimper
WASHINGTON (Reuters) – U.S. retail sales unexpectedly fell in December as unseasonably warm weather undercut sales of winter apparel and cheaper gasoline weighed on receipts at service stations, adding to signs that economic growth braked sharply in th…
Markets catch a chill as oil falls back below $30
LONDON (Reuters) – World stocks were set for a third straight week of losses on Friday and commodity currencies took another drubbing as oil prices fell back below $30, keeping alive concerns about global growth.
Funding lifts Uber China unit’s valuation to $8 billion but profits absent
BEIJING (Reuters) – Uber Technologies Inc’s China unit boosted its valuation to $8 billion after it raised more than $1 billion in its latest funding round, although the U.S. ride-hailing app is not yet profitable in the mainland due to intense competi…
Amazon expands logistics reach with move into ocean shipping
SAN FRANCISCO (Reuters) – Amazon.com Inc’s China arm has registered as an ocean freight forwarder, according to the U.S. Federal Maritime Commission, a move that will give it more control over shipping products from Chinese factories to U.S. shoppers.
American Apparel rejects takeover bid: source
(Reuters) – Bankrupt teen apparel retailer American Apparel Inc’s board has rejected the latest takeover offer involving the company’s controversial founder, Dov Charney, a source told Reuters.
