Reebok heads back to the gym with new German marketing blitz
BERLIN (Reuters) – German sportswear firm Adidas is underlining its commitment to struggling U.S. brand Reebok by stepping up a major marketing campaign that returns it to its roots in the personal fitness business.
History of U.S. August job growth revisions could muddy Fed rate hike calculus
WASHINGTON (Reuters) – The U.S. government has initially underestimated job growth for almost every August over the last decade, a trend that could make it harder for the Federal Reserve to decide if an upcoming employment report will signal America is…
VW’s CEO Winterkorn set to stay on for three more years
HAMBURG/STUTTGART (Reuters) – The executive committee of Volkswagen’s supervisory board has proposed extending Martin Winterkorn’s contract as chief executive until the end of 2018, the company said on Tuesday, opening the door to the appointment of a …
Navistar may face SEC lawsuit, posts 12th consecutive loss
CHICAGO (Reuters) – Truck and engine maker Navistar International Corp on Wednesday reported its 12th consecutive quarterly loss and said it could face regulatory enforcement action for its disclosure practices, sending its shares down nearly 7 percent…
Autos lift U.S. factory goods orders in July
WASHINGTON (Reuters) – New orders for U.S. factory goods rose for a second straight month in July on strong demand for automobiles, which could help to keep manufacturing supported as it deals with a strong dollar and softening global demand.
U.S. second-quarter productivity strongest in one-and-a-half years
WASHINGTON (Reuters) – U.S. nonfarm productivity increased at its strongest pace in 1-1/2 years in the second quarter, keeping wage inflation subdued for now.
GM expects India business to be profitable in five years
NEW DELHI (Reuters) – General Motors Co expects to be profitable in India in five years as it cuts costs and works towards increasing locally produced content for its cars, the automaker’s country chief told Reuters.
China stock probes send shivers through investment community
SHANGHAI (Reuters) – Investigations by Chinese authorities into wild stock market swings are spreading fear among China-based investors, with some unsure if they are simply helping with inquiries or actually under suspicion, executives in the financial…
Markets on edge as policymakers flex muscles
LONDON (Reuters) – Fresh government intervention to support China’s jittery markets and bets on a more dovish stance from central bankers provided limited respite from a stock market sell-off on Wednesday as oil resumed its fall.
Pilots’ union threatens renewed strikes at Lufthansa
FRANKFURT (Reuters) – Pilots union Vereinigung Cockpit (VC) threatened renewed strike action at Lufthansa, saying the German flag carrier had rejected its offer of concessions in a long-running dispute that has cost the airline hundreds of millions of …
