FTC review date for Staples-Office Depot deal extended
(Reuters) – Office supplies retailer Staples Inc has agreed with the Federal Trade Commission to extend the review period for its $6.3 billion takeover of Office Depot Inc .
Ferrari needs more than racy market debut to stay ahead
MILAN (Reuters) – Ferrari is being launched as a luxury stock for its Wall Street debut but may struggle to justify such a valuation in the long run given its profit margins and the investment needed to put its prancing horse logo on other products.
Oil slides on profit taking and as OPEC boosts output
NEW YORK (Reuters) – Oil prices tumbled on Monday, as traders took profits after last week’s surge to an 11-week high, and on a report that OPEC continued to boost crude production despite a persistent glut.
Facebook pushes shopping features in move to e-commerce
SAN FRANCISCO (Reuters) – Facebook Inc wants its users to shop for clothes and other products from their mobile phones without ever leaving its app.
Fed’s Lockhart says ‘lot more’ economic data available in December
ORLANDO, Fla. (Reuters) – There could be sufficient economic data for the Federal Reserve to consider a rate hike at their meeting later in October but there will be a lot more data on hand in time for the December meeting, Atlanta Federal Reserve Bank…
Europe shares pause; dollar dips on U.S. rate outlook
LONDON (Reuters) – European shares paused on Monday after their strong start to the fourth quarter while the dollar dipped towards three-week lows, with investors unconvinced the U.S. Federal Reserve would raise interest rates this year.
VW ex-CEO Winterkorn to quit remaining posts: media
FRANKFURT (Reuters) – Martin Winterkorn, the former boss of Volkswagen who quit last month, will step down from his remaining posts related to the company, the Sueddeutsche Zeitung newspaper and TV stations NDR and WDR reported on Monday, without citin…
EU diesel testing push may price diesel cars out of market – ACEA
FRANKFURT (Reuters) – A rushed and overly tough change to European emissions tests in the wake of the cheating scandal at Volkswagen could make diesel vehicles so expensive that manufacturers have to stop selling them, a trade body warned on Monday.
‘Stars aligned’ for AB InBev’s megabrew merger plan
BRUSSELS (Reuters) – Anheuser-Busch InBev’s CEO says a study of SABMiller’s African beer markets and talks with top shareholders led to an “alignment of stars” that drew it to its nearest rival.
China quality watchdog says ‘highly concerned’ about VW emissions issue
BEIJING (Reuters) – China’s quality watchdog said on Monday it was “highly concerned” about the mechanism in Volkswagen AG’s diesel cars designed to trick emissions tests and would take appropriate follow-up measures.
