U.S. CEO retirement packages: Bigger than yours
CHICAGO (Reuters) – Most fast food workers do not earn enough to retire with much of a pension. Then there is David Novak, executive chairman of YUM Brands , the conglomerate that runs Taco Bell, Pizza Hut, and KFC outlets.
Volkswagen’s Diess says doesn’t think China market has peaked
TOKYO (Reuters) – The head of Volkswagen AG’s namesake brand said on Wednesday he did not think demand for cars had peaked in China, as worries persist over the impact on global automakers from the weakness in the world’s biggest auto market.
Nissan CEO Ghosn: sees China economic slowdown as temporary
TOKYO (Reuters) – Nissan Motor Co Chief Executive Carlos Ghosn said on Wednesday he was not worried about the longer-term potential of the Chinese economy, characterizing the recent slowdown as a temporary correction.
Apple investors focus on iPhone sales for the holiday quarter
SAN FRANCISCO (Reuters) – Apple Inc painted a rosy picture for its new iPhones as it reported quarterly results on Tuesday, but investors were more focused on the company’s next test: topping last year’s record holiday sales.
Asia stocks slip on weaker Wall Street, Fed awaited
TOKYO (Reuters) – Asian stocks slipped early on Wednesday, taking cues from an overnight decline on Wall Street while a wait-and-see mood prevailed ahead of a policy statement from the U.S. Federal Reserve due later in the day.
Walgreens says will buy smaller drugstore rival Rite-Aid
(Reuters) – Drugstore chain Walgreens Boots Alliance Inc said on Tuesday it would acquire smaller peer Rite Aid Corp for $9.4 billion to widen its footprint in the United States and negotiate for lower drug costs.
Twitter shares fall on disappointing revenue forecast
SAN FRANCISCO (Reuters) – Twitter Inc gave a disappointing revenue forecast and reported slower user growth than expected, pushing shares of the microblogging company down more than 10 percent.
Apple beats Wall Street, investors wary of China sales
SAN FRANCISCO (Reuters) – Apple Inc painted a rosy picture for its new iPhones on Tuesday, but a sequential slowdown of overall sales in China cast doubt on the strength of its business in the world’s most important market for smartphones.
IBM says SEC investigating company’s books, shares fall
SAN FRANCISCO (Reuters) – The U.S. Securities and Exchange Commission is investigating how the International Business Machines Corp recognized revenue for certain deals in the United States, Britain and Ireland, IBM said on Tuesday, news that sent its …
Wall St. slips on rate uncertainty; Apple up after the bell
(Reuters) – U.S. stocks slipped on Tuesday on uncertainty over the U.S. rate outlook and disappointing results from Ford and other companies.
