Wal-Mart tweaks discount strategy for holiday season
(Reuters) – Wal-Mart Stores Inc said it would offer fewer “this weekend only” short-term deals during the holiday shopping season while discounting thousands of items for 90 days as it seeks to entice customers by being more consistent on pricing.
Boeing lands international 787 orders worth $3.5 billion
SEATTLE (Reuters) – Boeing Co landed orders from two foreign carriers for its high-tech 787 Dreamliner on Thursday worth more than $3.5 billion at list prices.
Time Warner Cable, Charter expect deal closing in first quarter 2016, not 2015
(Reuters) – Charter Communications Inc said its acquisition of Time Warner Cable Inc , which is awaiting clearance from U.S. regulators, is now expected to close in the first quarter of 2016, and not by the end of 2015 as planned.
U.S. judge rejects creditors’ request to remove Caesars’ lawyers
CHICAGO (Reuters) – A judge has rejected an unusual attempt by junior bondholders of Caesars Entertainment’s bankrupt operating unit to disqualify law firm Kirkland & Ellis from leading the casino group’s $18 billion Chapter 11 restructuring.
Inventories hurt U.S. third-quarter GDP, domestic demand strong
WASHINGTON (Reuters) – U.S. economic growth braked sharply in the third quarter as businesses cut back on restocking warehouses to work off an inventory glut, but solid domestic demand could encourage the Federal Reserve to raise interest rates in Dece…
VW eyes 10-20 people responsible for emissions rigging: source
HAMBURG (Reuters) – Volkswagen believes that up to around 20 people were involved in its rigging of diesel-engine emissions tests, a person familiar with the matter said on Thursday.
VW will stand by $900 million investments in Chattanooga plant
BERLIN (Reuters) – Volkswagen will stand by its plans to invest $900 million at its U.S. factory in Chattanooga, Tennessee to build a new midsize sport-utility vehicle, it said on Thursday.
U.S. pending homes sales decline in September
WASHINGTON (Reuters) – Contracts to buy previously owned U.S. homes fell unexpectedly in September, a warning sign that the housing market recovery may be stumbling.
Deutsche Bank’s new chief warns of two tough years in strategy shift
FRANKFURT (Reuters) – Deutsche Bank has warned of two tough years of dividend cuts, pay restraint and thousands of job cuts as new chief John Cryan admitted to grave problems in implementing strategic and cultural change at Germany’s biggest lender.
MasterCard beats profit estimates as customers spend more
(Reuters) – Payments network operator MasterCard Inc reported a bigger-than-expected quarterly profit as the value of transactions processed on its cards jumped 13 percent.
