Wall St. gains 2 percent; U.S. jobs data underscores economic strength
(Reuters) – U.S. stocks rallied on Friday, giving the S&P 500 its biggest gain since early September, as U.S. jobs data suggested the economy was strong enough to sustain a Federal Reserve rate hike this month.
Chipotle sales battered by widening E. coli outbreak
LOS ANGELES (Reuters) – A widening U.S. E. coli outbreak has slammed sales at Chipotle Mexican Grill Inc, the company said on Friday, hours after federal authorities reported that people in nine states have now contracted food poisoning.
Twinkies maker Hostess in bid for Two-Bite Brownies owner: sources
(Reuters) – Twinkies maker Hostess Brands LLC is in talks to acquire Give and Go Prepared Foods Corp, a Canadian maker of thaw-and-serve sweet baked goods such as Two-Bite Brownies, according to people familiar with the matter.
U.S. car makers count among Pacific trade pact skeptics
WASHINGTON (Reuters) – U.S. auto makers are unlikely to win a much bigger share of the Japanese vehicle market despite a bid to break down trade barriers under a new Pacific trade pact, a key advisory committee found, highlighting the difficulties ahea…
UAW makes step in U.S. South with vote at VW Tennessee plant
DETROIT (Reuters) – The United Auto Workers union, after decades of failed attempts, is expected by Friday night to have won its first organizing vote at a foreign-owned auto assembly plant in the U.S. South.
Fed’s Yellen faces battle in 2016 after getting all clear for December hike
WASHINGTON/PHILADELPHIA (Reuters) – Federal Reserve Chair Janet Yellen has the evidence of U.S. labor market health she wanted in order to raise benchmark interest rates for the first time in a decade this month, but she may have a tougher time selling…
U.S. employment report a green light for Fed interest rate rise
WASHINGTON (Reuters) – U.S. employment increased at a healthy pace in November, in another sign of the economy’s resilience, and will most likely be followed by the first Federal Reserve interest rate rise in a decade later this month.
First GM China-made import to U.S. to go on sale in mid-2016
DETROIT (Reuters) – By next summer, the Buick Envision small SUV will become the first General Motors Co model imported from China to be sold in the United States, the company said on Friday.
OPEC fails to agree production ceiling after Iran pledges output boost
VIENNA (Reuters) – OPEC members failed to agree an oil production ceiling on Friday at a meeting that ended in acrimony, after Iran said it would not consider any production curbs until it restores output scaled back for years under Western sanctions.
Dov Charney says exploring plans to revive American Apparel
(Reuters) – American Apparel Inc founder and former Chief Executive Dov Charney said he was exploring plans with potential and existing investors and industry executives to revive the bankrupt company.
