U.S. consumer spending rising solidly; manufacturing still weak
WASHINGTON (Reuters) – U.S. consumer spending grew at a fairly healthy pace over the past two months, pointing to underlying strength in domestic demand that could strengthen the case for the Federal Reserve to hike interest rates on Thursday.
Russian watchdog says finds food-safety violations at Burger King restaurants
MOSCOW (Reuters) – Russian consumer protection watchdog Rospotrebnadzor said on Tuesday it had found food-safety violations at two Burger King restaurants in Moscow.
In bringing ad-blocking to mobiles, Apple gives itself a boost
PARIS (Reuters) – Apple Inc’s move to make ad-blocking software available on the iPhone is a double-barrelled effort to boost the health of the so-called app economy, while undermining arch rival Google Inc , which dominates the $120 billion online adv…
Target challenges Amazon, enters grocery delivery with Instacart
CHICAGO (Reuters) – Target Corp said on Tuesday it has partnered with Instacart Inc to deliver groceries for as little as $3.99 per order, as it overhauls its food business and competes with Amazon.com Inc’s grocery delivery service.
UPS to hire up to 95,000 workers for holiday season
CHICAGO (Reuters) – United Parcel Service Inc plans to hire up to 95,000 workers to handle additional business during the holiday season this year, the package delivery company said on Tuesday.
Kellogg to spend $450 million to expand in Africa
(Reuters) – Kellogg Co is setting up a joint venture with the African arm of Singapore’s Tolaram Group to bolster its breakfast and snack food offerings in West Africa.
U.S. factory output declines on sharp drop in auto production
WASHINGTON, Sept 15 (Reuters) – U.S. manufacturing output contracted more than expected in August, dragged down by a sharp fall in auto production that could moderate economic growth in the third quarter.
Carmakers curb China output as sales growth stalls
FRANKFURT/BEIJING (Reuters) – Volkswagen and other major carmakers have begun reining in Chinese output, wages and other costs, industry sources told Reuters, as executives at the Frankfurt auto show put a brave face on a sharp slowdown in the world’s …
GM executives stick to Europe profit goal for 2016
FRANKFURT (Reuters) – General Motors executives said they remained committed to meeting their goal of reaching profitability in Europe by 2016, brushing aside concerns that a downturn in Russia could put their goal at risk.
Cisco router break-ins bypass cyber defenses
FRANKFURT (Reuters) – Security researchers say they have uncovered clandestine attacks across three continents on the routers that direct traffic around the Internet, potentially allowing suspected cyberspies to harvest vast amounts of data while going…
