Mondelez to boost ad spending, healthier offerings
NEW YORK (Reuters) – Snack maker Mondelez International Inc will spend more on advertising its brands, increase healthier offerings and expand its e-commerce business to boost sales as consumers eat less processed food, an executive overseeing the comp…
Growth jitters send stocks, commodities into reverse
LONDON (Reuters) – World stocks and commodities moved back into reverse on Thursday after four straight days of gains following a heavy overnight tumble by oil and more uncertain news from China and Japan but also from Brazil and New Zealand.
China deflation fears grow as producer prices sink most in six years
BEIJING (Reuters) – China’s manufacturers slashed prices at the fastest rate in six years in August as commodity prices fell and demand cooled, signaling stubborn deflation risks in the economy and adding to expectations for further stimulus measures.
Puerto Rico’s recovery plan faces much doubt, many obstacles
NEW YORK/SAN JUAN (Reuters) – Puerto Rico’s new plan to haul itself out of a huge financial hole is long on ifs and buts and short on confident predictions.
Geely’s Volvo sees new models taking edge off China slowdown
GOTHENBURG, Sweden (Reuters) – Geely’s Volvo Car Group expects the Chinese roll-out of its new XC90 and, next year, the S90, to drive sales through a slowdown in demand in the world’s biggest auto market, its top executive said.
Brazil downgraded to junk rating by S&P, deepening woes
RIO DE JANEIRO (Reuters) – Standard & Poor’s downgraded Brazil’s credit rating to junk grade on Wednesday, further hampering President Dilma Rousseff’s efforts to regain investors’ trust and pull Latin America’s largest economy out of recession.
Apple phone, tablet and TV fail to impress investors
SAN FRANCISCO (Reuters) – Apple Inc unveiled a new TV set top box that responds to voice commands and fresh iPhones that sense the pressure of a finger tap, changes which underwhelmed many social media commenters and investors.
Nasdaq CEO boasted of gaining top tech IPO, then lost it to NYSE
(Reuters) – Nasdaq Chief Executive Robert Greifeld said in July he was delighted to have snared one of the hottest technology IPOs of the year. There was just one problem – the deal was not in the bag.
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.
Apple phone, tablet and TV fail to impress investors
SAN FRANCISCO (Reuters) – Apple Inc unveiled a new TV set top box that responds to voice commands and fresh iPhones that sense the pressure of a finger tap, changes which underwhelmed many social media commenters and investors.
