Tesoro delays California refinery integration to mid-2017
HOUSTON (Reuters) – Independent refiner Tesoro Corp has pushed the completion of integrating its California refineries to mid-2017 from early that year, according to a company presentation.
SunEdison cuts cash portion of Vivint Solar offer
(Reuters) – Solar company SunEdison Inc said it cut the cash portion of its offer for Vivint Solar Inc by $2.00 to $7.89 per share.
United Airlines to serve free snacks in economy class
(Reuters) – United Airlines on Wednesday said it will offer free snacks on all flights starting February 2016, a departure for an industry that has moved toward charging for extra services.
Wyndham settles U.S. data breach charges, in an FTC first
(Reuters) – The Federal Trade Commission has settled a lawsuit accusing hotel group Wyndham Worldwide Corp of failing to properly safeguard customer information, in a case arising from three data breaches affecting more than 619,000 customers.
Scams, ignorance burn foreign buyers of Detroit properties
DETROIT (Reuters) – Buying a property in Detroit a few years ago seemed like a steal for overseas investors – as little as a few thousand dollars would get them a house in a city that had hit rock bottom and could only see better times.
VW says CO2 emissions scandal not as bad as feared
BERLIN (Reuters) – Volkswagen understated carbon dioxide emissions on many fewer vehicles than initially feared, it said on Wednesday, providing some relief to the automaker as it battles a wider diesel emissions scandal affecting up to 11 million cars…
Pep Boys plans to end Bridgestone deal, says Icahn’s offer ‘superior’
(Reuters) – U.S. auto parts retailer Pep Boys – Manny, Moe & Jack said it planned to terminate its deal with Bridgestone Corp after its board determined that Carl Icahn’s offer was a “superior proposal”.
Adidas expects big rise in cost of sourcing products
BERLIN (Reuters) – Adidas expects a big jump in the cost of sourcing products over the next five years due to rising labor and material costs, but should be able to compensate by lifting prices, cutting its range and shifting production from China.
Lawmakers worry AB InBev beer deal will hurt craft brewers
WASHINGTON (Reuters) – Anheuser-Busch InBev , the world’s biggest brewer, faced tough questions on Tuesday from U.S. lawmakers unhappy over its plan to buy SABMiller due to concerns the deal will hurt the fast-growing U.S. craft beer industry.
Philips in lighting partnerships with Cisco, SAP and Bosch
AMSTERDAM (Reuters) – Philips has entered strategic partnerships with Cisco , SAP and Bosch [ROBG.UL] under which the Dutch company will become their preferred supplier for networked lighting.
