Macy’s to test Best Buy outlets in its stores
(Reuters) – Macy’s Inc said on Tuesday that consumer electronics retailer Best Buy Co Inc will set up outlets in 10 Macy’s stores from November on a test basis.
Heineken buys 50 percent stake in U.S. craft beer maker Lagunitas
(Reuters) – Dutch brewing company Heineken NV has bought a 50 percent stake in U.S.-based beer maker Lagunitas Brewing Co to expand into the craft beer industry.
GE power chief Bolze says ‘ready to roll’ on Alstom deal
(Reuters) – General Electric Co will be “out of the box very strong” as it seeks to wring out $3 billion in cost savings over five years from its long-awaited acquisition of the power business of France’s Alstom , GE’s power chief said on Tuesday.
China imports sink in August, shares rally but volumes dive
SHANGHAI (Reuters) – China’s imports tumbled in August, raising concerns about the health of the world’s second-largest economy and its contribution to global growth.
EU still open whether will charge Google over Android
STRASBOURG (Reuters) – The European Commission has still to determine whether it will charge Google with market abuse over its Android mobile operating system, Competition Commissioner Margrethe Vestager said on Tuesday.
Tax exemption may be key to move of Keurig’s coffee buying to Switzerland
NEW YORK (Reuters) – When Keurig Green Mountain Inc said last December it was shifting its coffee buying operation to Lausanne in Switzerland from its headquarters in Waterbury, Vermont, it said the move would establish the company as a “global beverage player.”
AutoNation says it won’t sell cars that need safety repairs
(Reuters) – AutoNation Inc , the largest U.S. auto retailer, said on Tuesday it will not sell any new or used vehicle that has an unrepaired safety defect, in a move that could boost costs but also deflect pressure from consumers, lawmakers and regulat…
Stocks rise after contrasting China, Germany trade data
LONDON (Reuters) – Shares rose in Europe and Asia on Tuesday while the dollar lost ground against the euro after trade data from China and Germany highlighted the divergent outlooks of the two heavyweight economies.
German finance minister says central banks powerless in face of too much debt
BERLIN (Reuters) – German Finance Minister Wolfgang Schaeuble said on Tuesday that central bank policy could do little to help the economy when people and states take on too much debt.
U.S. small business confidence rises slightly in August
WASHINGTON (Reuters) – U.S. small business confidence rose modestly in August, suggesting the economy continued to grow at a steady clip halfway through the third quarter.
