U.S. retail inventories excluding autos rise in October
WASHINGTON – U.S. retail inventories excluding automobiles rose in October, suggesting inventories
Dish CEO Charlie Ergen steps down as president
(Reuters) – Dish Network Corp, the No. 2 U.S. satellite TV company by revenue, said CEO and co-founder Charlie Ergen will be relinquishing his post as president of the company.
U.S. producer prices increase, but trend still weak
WASHINGTON (Reuters) – U.S. producer prices unexpectedly rose in November as the cost of services increased, but the underlying trend continued to point to weak inflation pressures.
VW brand sales slip 2.4 percent in November
FRANKFURT (Reuters) – Sales of Volkswagen’s namesake brand fell 2.4 percent to 496,100 vehicles in November as Europe’s biggest carmaker grappled with a scandal over rigged emissions tests.
Glencore to sell Optimum Coal Mine in South Africa for $136 million: administrators
JOHANNESBURG (Reuters) – Glencore has provisionally agreed to sell its troubled South African coal mine for 2.15 billion rand ($136 million), narrowly avoiding closing the operation and saving hundreds of jobs, the unit’s business rescue practitioners …
Jaguar Land Rover seals deal for $1.5 billion Slovak car plant
LONDON/BRATISLAVA (Reuters) – Luxury carmaker Jaguar Land Rover (JLR) confirmed on Friday it will build a car plant in Slovakia, beginning a 1 billion pound ($1.5 billion) project which will be one of the biggest ever foreign direct investments in the …
Coca-Cola India says may have to shut factories if new sin tax passed
NEW DELHI (Reuters) – The Indian subsidiary of Coca-Cola Co said on Friday it may have to close some bottling plants if the government pushes through a proposal that would subject fizzy drinks to a 40 percent “sin” tax, as part of a broader fiscal over…
No cheer as China yuan hits four-and-a-half-year low, oil at seven-year low
LONDON (Reuters) – World stocks were on the brink of a two-month low on Friday, as beaten-down oil prices and a slide in China’s yuan to 4-1/2 year lows left markets in a somber mood.
Rabobank to cut 9,000 jobs and shed assets to boost profit
AMSTERDAM (Reuters) – Dutch cooperative bank Rabobank [RABO.UL] plans to lay off nearly a fifth of its workforce to boost profit and prepare for tougher European banking guidelines, it said on Wednesday.
Special Report: Buybacks enrich the bosses even when business sags
NEW YORK(Reuters) – When health insurer Humana Inc reported worse-than-expected quarterly earnings in late 2014 – including a 21 percent drop in net income – it softened the blow by immediately telling investors it would make a $500 million share repurchase.
