Hasbro revenue misses as sales of games, girls’ toys fall further
(Reuters) – Toymaker Hasbro Inc reported lower-than-expected quarterly revenue, hurt by a strong dollar and lower sales of its games and toys for girls.
Spain’s public prosecutor pushes for VW investigation
MADRID (Reuters) – Spain’s public prosecutor has asked the country’s High Court to investigate German carmaker Volkswagen and the scandal surrounding its rigging of diesel emissions tests, according to a court document seen by Reuters.
China economy logs weakest growth since 2009
BEIJING (Reuters) – China’s economic growth dipped below 7 percent for the first time since the global financial crisis on Monday, hurt partly by cooling investment, raising pressure on Beijing to further cut interest rates and take other measures to s…
Morgan Stanley results wipe gains off European stocks
LONDON (Reuters) – European stock markets struggled and Wall Street looked set to open lower on Monday after U.S. bank Morgan Stanley reported a slump in quarterly profit, adding to signs of woe among the world’s biggest banks.
Green financing has hobbled home sales in California
(Reuters) – An innovative, government-sponsored program aimed at funding energy-saving home improvements has drawn praise from powerful supporters, including President Obama. But complaints from a growing number of homeowners, lenders and realtors in California suggest the financing is making homes more difficult to sell and disrupting the mortgage market.
Wal-Mart puts the squeeze on suppliers to share its pain as earnings sag
(Reuters) – Suppliers of everything from groceries to sports equipment are already being squeezed for price cuts and cost sharing by Wal-Mart Stores . Now they are bracing for the pressure to ratchet up even more after a shock earnings warning from the…
Oil prices slip on Chinese demand concerns, weak Saudi exports
LONDON (Reuters) – Oil prices fell on Monday on concerns about the pace of economic growth in China, the world’s largest energy consumer, and signs that global oversupply is curbing Saudi crude exports.
Wal-Mart bribery probe finds few major offenses in Mexico: WSJ
(Reuters) – A federal probe into allegations of corruption at Wal-Mart Stores Inc’s Mexico operations has found few major offenses, and is likely to result in a much smaller case than investigators expected, the Wall Street Journal reported, citing peo…
NY Fed’s Dudley says too early to think about a rate rise: paper
MILAN (Reuters) – It is too early to consider an interest rate rise in the United States due to concerns about global economic growth, New York Federal Reserve Bank President William Dudley was quoted as saying by an Italian newspaper on Monday.
Volkswagen says still positive on China for 2015
FRANKFURT (Reuters) – Volkswagen expects to keep gaining market share in China, the world’s biggest car market, and will continue to expand its product portfolio there, it said on Monday.
