New United Continental chief moves to calm investors, employees
(Reuters) – One day after ousting its chief executive, United Continental Holdings Inc and its new boss, Oscar Munoz, moved to reassure shareholders and employees that the company is stable.
GE expected to decide on new location for headquarters in fourth quarter: CNBC
(Reuters) – General Electric Co is expected to decide on a new location for its headquarters in the fourth quarter of this year, Chief Executive Jeff Immelt told CNBC.
U.S. jobless claims drop; imported inflation remains weak
WASHINGTON (Reuters) – The U.S. labor market appeared to gain momentum in early September as fewer Americans filed for weekly unemployment benefits, but weak inflation pressures may complicate the Federal Reserve’s decision whether to raise interest ra…
Apple upgrade program seen driving demand for new iPhones
(Reuters) – Apple Inc has just made buying a new iPhone every year more affordable – a move that analysts said will drive demand from now on, starting with the new iPhone 6S and 6S Plus.
Fiat Chrysler to recall 1.06 million trucks over steering glitch
(Reuters) – FCA US LLC, a unit of Fiat Chrysler Automobiles NV, is recalling about 1.06 million of its Ram trucks in the United States to fix a steering wheel defect that may cause an air-bag to deploy inadvertently.
United Tech reorganizes operations, names presidents for units
(Reuters) – United Technologies Corp said it is reorganizing its business by operating its Otis elevator and climate, controls and security divisions as stand-alone units.
China deflation risks grow, foreign central banks on alert
BEIJING/WELLINGTON (Reuters) – The risk of deflation in China is growing, data suggested on Wednesday, as policymakers tried to reassure markets that the economy can stay on track and state banks were suspected of intervening in offshore markets to bol…
Oil prices rise slightly ahead of U.S. data, Asia weighs
LONDON (Reuters) – Oil prices rose on Thursday ahead of weekly U.S. stocks data, despite fresh signs of an economic slowdown in China and Japan.
China says Apple unit underpaid $71 million in tax in 2013
SHANGHAI (Reuters) – A China unit of U.S. tech giant Apple Inc underpaid taxes in 2013 by 452 million yuan ($71 million), according to a report from the country’s finance ministry, which comes as China toughens its stance on tax payments by foreign fir…
Audi outsold by BMW, Mercedes in August amid China woes
BERLIN (Reuters) – Audi sold fewer cars in August than luxury rivals BMW and Mercedes-Benz as Volkswagen’s flagship brand has been harder hit by falling demand in China than its German peers.
