General Electric valuation hits lofty levels after stock surge
NEW YORK (Reuters) – General Electric Co shares are trading at their highest valuation in more than a decade, reversing discounts to other industrial rivals and adding pressure on the U.S. conglomerate to show it can drive profits in line with its newf…
Equities volatile on oil swings as Fed decision looms
NEW YORK (Reuters) – Global equity markets swung between gains and losses on Monday, as volatile oil prices rebounded from multi-year lows while weakness in credit markets weighed on sentiment ahead of an expected U.S. interest rate hike later this wee…
Neiman Marcus same-store sales fall for first time in six years
(Reuters) – U.S. luxury fashion retailer Neiman Marcus Group Ltd LLC [NMRCUS.UL] swung to a quarterly loss from a profit a year ago and reported its first drop in same-store sales in six years, the latest blip in the company’s roadmap to going public a…
Boeing sees no production impact from fire at Everett factory
NEW YORK (Reuters) – Boeing Co said on Monday a weekend fire at its factory in Everett, Washington, would have no impact on aircraft production.
Germany to test VW diesel emissions again after fixes: media
BERLIN (Reuters) – German authorities will review emissions and fuel usage of Volkswagen diesel vehicles in a second testing round once the company has installed fixes in cars caught up in a cheating scandal, a German newspaper reported on Monday.
India’s Mahindra to buy Italian car designer Pininfarina at sharp discount
MUMBAI/TURIN (Reuters) – India’s Mahindra group, with interests from tractors to IT outsourcing, has agreed to buy Italy’s Pininfarina SpA in an all-cash deal valuing the Turin-based car designer at just a quarter of its closing price on Friday.
Fed weighs merits of jumbo portfolio in post-crisis era
NEW YORK/SAN FRANCISCO (Reuters) – Once the Federal Reserve lifts interest rates from near zero, likely this week, the focus will turn to the other legacy of the crisis-era policies: the Fed’s swollen balance sheet.
Newell Rubbermaid to buy Jarden to create consumer durables giant
(Reuters) – Newell Rubbermaid Inc , known for its food containers, agreed to buy Sunbeam and Coleman products maker Jarden Corp for more than $15 billion in a deal that will give it more leverage with retailers such as Wal-Mart Stores Inc .
Toshiba to cut up to 7,000 jobs: Nikkei
(Reuters) – Toshiba Corp is looking to cut up to 7,000 jobs, as it looks to streamline operations in the wake of an accounting scandal, the Nikkei business daily reported.
More modest year for global stock markets; Europe to lead: poll
BENGALURU (Reuters) – Stock markets in developed economies are expected to continue outperforming emerging markets next year, but optimism among hundreds of market strategists polled by Reuters in the past week has faded compared with just a few months…
