Wal-Mart warns on profit, stock has steepest decline in 25 years
(Reuters) – Wal-Mart Stores Inc warned on Wednesday that higher wages as well as spending on e-commerce and lower prices would cut earnings per share as much as 12 percent next fiscal year, sparking the steepest one-day decline in the company’s shares …
Boeing pays $18 million to settle false claims allegations: Justice Department
WASHINGTON (Reuters) – Defense contractor and aerospace giant Boeing paid the United States $18 million to settle whistleblower allegations that it submitted false claims for labor charges to the U.S. Air Force, the Justice Department said on Wednesday…
Boeing pays $18 million to settle false claims allegations: Justice Department
WASHINGTON (Reuters) – Defense contractor and aerospace giant Boeing paid the United States $18 million to settle whistleblower allegations that it submitted false claims for labor charges to the U.S. Air Force, the Justice Department said on Wednesday…
VW veteran lined up to be North America boss quits
HAMBURG/BERLIN (Reuters) – The man Volkswagen lined up less than three weeks ago to head its North American business resigned on Wednesday, dealing a blow to the German carmaker’s efforts to recover from a scandal over its rigging of U.S. diesel emissi…
Twitter poaches Google executive Kordestani for chairman post
BENGALURU/SAN FRANCISCO (Reuters) – Twitter Inc lured Google Inc executive Omid Kordestani to become the social media company’s executive chairman, the latest step in the company’s turnaround efforts under Jack Dorsey, who last week was named permanent…
MegaKega? Megabrew? Beer merger plans launch corporate name game
LONDON (Reuters) – Will a beer colossus by any other name taste as sweet?
Weak U.S. retail sales, inflation data cloud rate hike outlook
WASHINGTON (Reuters) – U.S. retail sales barely rose in September and producer prices recorded their biggest decline in eight months, raising further doubts about whether the Federal Reserve will raise interest rates this year.
BlackRock profit falls in third quarter but tops expectations
NEW YORK (Reuters) – Investors piled into BlackRock Inc bond ETFs and paid more in hedge fund fees in the third quarter, helping the world’s largest asset manager beat Wall Street’s earnings forecasts and offsetting a higher tax hit that cut profits 8 …
South African trade union body opposes SABMiller deal
(Reuters) – South Africa’s Congress of South African Trade Unions (COSATU) said the government, regulators and pension funds should not agree to the $106 billion takeover of SABMiller Plc by Anheuser-Busch InBev SA over concerns that jobs and tax reven…
Airline partners Delta, Gol expect to apply for immunity from antitrust law soon
(Reuters) – Delta Air Lines Inc expects the United States and Brazil to reach an aviation deal that removes restrictions on flights between the countries in the next year, the airline’s president told investors on a call Wednesday.
