U.S. November auto sales up as promotions spur consumers
DETROIT (Reuters) – U.S. auto sales rose last month on strength in sport utility vehicles and marketing promotions, while industry sales were forecast topping 18 million vehicles on an annualized basis, which would be the strongest November ever.
No sign of collapse in Germany’s diesel market after VW scandal: VDA
BERLIN (Reuters) – The Volkswagen emissions scandal does not appear to have hit demand for diesel cars in Germany, the chief of the VDA industry association said on Tuesday.
Volvo Car Group sales hit record high in November
STOCKHOLM (Reuters) – Chinese-owned Volvo Car Group’s sales rose 26 percent in November from the same month last year to reach a record high, helped by strong demand for the XC90 and XC60 models in the United States where sales doubled.
UnitedHealth CEO defends possible exit of Obamacare exchanges
NEW YORK (Reuters) – UnitedHealth Group Inc’s chief executive officer on Tuesday defended the company’s possible withdrawal from the Obamacare health insurance exchanges, calling the 2015 expansion into two dozen states a “bad decision.”
ISM manufacturing activity slumps in November: ISM
NEW YORK (Reuters) – The U.S. manufacturing sector contracted in November, falling to its worst levels since June 2009, when the economy was still in the midst of a recession, according to an industry report released on Tuesday.
U.S. construction spending rises solidly to near eight-year high
WASHINGTON, Dec 1 (Reuters) – – U.S. construction spending rose more than expected in October as outlays rose across the board, suggesting the economy remains on firmer ground despite some slowing in consumer spending and persistent weakness in manufac…
Farm issues could scupper free trade deal with EU: U.S.
BRUSSELS (Reuters) – Differences between the United States and the European Union over issues such as genetically modified crops and hormone-treated beef could scupper a free trade deal, U.S. Agriculture Secretary Tom Vilsack said on Tuesday.
Cadbury owner looking to sell brands in Europe: Sky News
(Reuters) – Mondelez International Inc , the owner of the Cadbury chocolate brand, has hired bankers to explore the sale of a number of confectionery products and assets in United Kingdom, France, Spain and the Netherlands, Sky News reported.
Global stocks stutter and euro firms as ECB bets waver
LONDON (Reuters) – European stock markets stuttered and the euro clawed back some ground against the U.S. dollar on Tuesday as investors had second thoughts about sky-high expectations of European Central Bank easing this week.
Chinese banks miss out on the party as Asian M&As pass $1 trillion mark
HONG KONG (Reuters) – A surge in Chinese cross-border technology and telecoms deals has helped mergers and acquisitions in Asia Pacific cross $1 trillion for the first time but mainland banks are missing out on the payoffs as they badly trail global ri…
