House lawmakers seek documents from Volkswagen, EPA
WASHINGTON (Reuters) – U.S. lawmakers on Tuesday asked Volkswagen AG to turn over documents related to the company’s diesel emissions scandal, including records concerning the development of a software program intended to defeat regulatory emissions te…
Boeing studies plan to offer 737 freighter conversions
LUXEMBOURG (Reuters) – Boeing is looking at offering conversions of its most popular passenger jet, the 737-800, into freight haulers in a move aimed at express parcel firms, a senior executive said.
Wal-Mart expands grocery pickup in battle with Amazon
(Reuters) – Wal-Mart Stores Inc is expanding free grocery pickup service to several markets in the U.S. as it seeks to capitalize on its network of physical stores amid growing competition with Amazon.com and others investing in home delivery.
Hudson’s Bay cutting 265 jobs, streamlining North American operations
TORONTO (Reuters) – Hudson’s Bay Co plans to eliminate 265 headquarter and other corporate jobs and cut costs to save C$75 million (US$55.86 million) as it streamlines its North American operations, the department store operator said on Tuesday.
LPC-AB InBev lining up $70 billion debt for SABMiller offer
LONDON (Reuters) – Anheuser-Busch InBev is asking banks to underwrite up to $70 billion in debt financing to back its potential takeover of SABMiller , banking sources said.
U.S. consumer agency slams student loan servicers, eyes reforms
WASHINGTON (Reuters) – The U.S. consumer watchdog reported widespread failures in the servicing of student loans on Tuesday and urged new rules to protect borrowers.
Glencore fightback over debt fears lifts shares
JOHANNESBURG/LONDON (Reuters) – Glencore said on Tuesday it was strong enough to ride out current volatility in commodity markets, helping to lift the mining group’s shares by a fifth.
Flexjet gets first Embraer Legacy jet anchoring mid-size program
SAO PAULO (Reuters) – Flexjet, which offers fractional ownership and leasing of private jets, is counting on Embraer’s new Legacy 450 and 500 for the bulk of a mid-size business jet program that could grow beyond a quarter of its fleet, Chief Executive…
Whole Foods trimming workforce amid pricing revamp, competition
LOS ANGELES (Reuters) – Whole Foods Markets Inc said on Tuesday it will trim staff by 1,500 employees, or 1.6 percent, over the next eight weeks as it works to lower prices and better compete with other retailers that are making aggressive moves into t…
BofA to cut ‘a couple of hundred’ jobs: WSJ
(Reuters) – Bank of America Corp is planning “a couple of hundred” job cuts at its global banking and markets unit, the Wall Street Journal reported.
