VW names Daimler compliance manager to help tackle scandal
FRANKFURT (Reuters) – Volkswagen named Daimler manager Christine Hohmann-Dennhardt on Friday to the newly created post of board member for integrity and legal affairs, as it strives to recover from the scandal over its cheating of diesel emissions test…
Oil rises after week of heavy losses
LONDON (Reuters) – Oil prices rose on Friday, snapping a week-long decline as investors closed positions at the end of a volatile week that saw prices slide nearly 10 percent on renewed signs a global supply glut was here to stay.
Yum Brands to keep up Russia expansion as consumers shun fine dining
MOSCOW (Reuters) – U.S. fast-food giant Yum Brands Inc said on Friday it planned to keep up the pace of expansion of its KFC chain in Russia, seeing an opportunity in a crisis that is leading consumers to seek cheaper treats over fine meals.
Rare store sales data highlights Wal-Mart’s China challenge
SHANGHAI (Reuters) – A rare glimpse at figures for a number of Wal-Mart Stores Inc’s China outlets shows sales slid 6 percent last year, casting a shadow over the firm’s target for China to account for a quarter of its global retail growth over the nex…
Nestle sees sales growth below long-term target as emerging markets lag
VEVEY, Switzerland (Reuters) – Nestle , the world’s biggest maker of packaged foods, has warned that yearly sales growth would fall short of its long-term target this year due to weak sales in Asia, raising concerns over its position in major emerging …
Alibaba offers to buy all of ‘China’s YouTube’
(Reuters) – Alibaba Group Holding Ltd said it would buy all of the shares of Youku Tudou Inc that it does not already own in a deal valuing the Chinese video streaming company – known as “China’s YouTube” – at about $5.2 billion.
Shares at two-month highs, dollar firms after U.S. data
LONDON (Reuters) – World stocks rallied to two-month highs on Friday and the dollar firmed after stronger U.S. economic data helped allay fears about global growth.
Volkswagen appoints Santelmann head of finance arm
FRANKFURT (Reuters) – Volkswagen has appointed Lars-Henner Santelmann as new head of its finance arm, Volkswagen Financial Services, the carmaker said on Friday.
Apple’s newest courtroom foe is a patent-savvy university
NEW YORK (Reuters) – As a veteran of the global smart phone wars, Apple is used to courtroom battles with fierce competitors such as Samsung and Nokia.
Ford China venture to recall 220,000 SUVs over risk of fuel leak
BEIJING (Reuters) – Ford Motor Co’s China joint venture will recall roughly 220,000 Kuga sports-utility vehicles (SUVs) over potential fuel leakages, China’s quality watchdog said on Friday.
