McDonald’s hires White House, Kraft alums
LOS ANGELES (Reuters) – McDonald’s Corp is beefing up its ranks with political and food company alumni as it works to turn around lackluster sales and recreate the fast-food chain as a “modern, progressive burger company.”
Fed still on track for rate hike this year, Yellen says
AMHERST, Mass. (Reuters) – Federal Reserve Chair Janet Yellen said on Thursday she expects the U.S. central bank to begin raising interest rates later this year as long as inflation remains stable and the U.S. economy is strong enough to boost employme…
Japan Tobacco in talks to buy Reynolds American assets: Bloomberg
(Reuters) – Japan Tobacco Inc is in advanced talks to buy assets worth about $5 billion from Reynolds American Inc , including some of the Natural American Spirit tobacco brand, Bloomberg reported on Thursday.
GE agrees to export financing from UK, may create 1,000 jobs
(Reuters) – General Electric Co has struck a deal for up to $12 billion in financing from Britain’s export credit agency, possibly creating as many as 1,000 jobs in the country.
After year of stonewalling, Volkswagen stunned U.S. regulators with confession
WASHINGTON/DETROIT (Reuters) – The confession of cheating that’s embroiled Volkswagen AG in one of the biggest scandals in auto industry history came on a cool California morning, on the sidelines of an academic conference focused on green transportati…
Nike beats estimates on high-margin product sales; orders jump
(Reuters) – Nike Inc , the world’s largest footwear maker, reported a better-than-expected profit for the ninth straight quarter as sales of high-margin products rose and more customers bought from its owned stores and website.
Caterpillar slashes revenue forecast, cutting up to 10,000 jobs
(Reuters) – Caterpillar Inc slashed its 2015 revenue forecast on Thursday and said it will cut as many as 10,000 jobs through 2018, joining a list of big U.S. industrial companies grappling with the mining and energy downturn.
U.S. business spending slips, new home sales rise in August
WASHINGTON (Reuters) – U.S. business investment fell slightly in August, excluding spending on aircraft and defense equipment, but new home sales rose, suggesting that global economic headwinds were doing little to impede U.S. growth.
New iPhone 6s to hit stores Friday in test for Apple
SAN FRANCISCO (Reuters) – The new iPhone 6s and 6s Plus arrive in stores and at consumers’ doorsteps on Friday, kicking off a sales cycle that will be scrutinized for signs of how much juice Apple’s marquee product has left.
Boeing chairman believes U.S. Export-Import Bank will be reauthorized
NEW YORK (Reuters) – Boeing Co chairman Jim McNerney said on Thursday he believes the U.S. Export-Import Bank, which recently lost authorization to engage in new business, will be reauthorized.
