American Apparel raises going concern doubts
(Reuters) – Troubled teen retailer American Apparel Inc on Monday raised going concern doubts, saying it may not have enough capital to sustain operations for the next 12 months as losses widened and cash flows turned negative.
McDonald’s No. 1 choice for ‘Breakfastarians’: poll
(Reuters) – McDonald’s Corp, which is expected to offer all-day breakfasts starting this fall to turn around slumping U.S. sales, is the top choice for “Breakfastarians,” who crave breakfast food at any hour, according to a new survey obtained by Reute…
Liberty Interactive to buy online retailer Zulily in $2.4 billion deal
(Reuters) – Liberty Interactive Corp , which owns home shopping network QVC, said it would acquire Zulily Inc in a deal valued at $2.4 billion to tap into the online retailer’s younger clientele and its strong mobile presence.
U.S. regulators probe June rupture of new VW with Takata airbag
DETROIT (Reuters) – U.S. safety regulators on Monday said they have directed the U.S. units of Volkswagen AG and air bag maker Takata Corp to provide information on the June rupture of a side air bag in a 2015 model VW Tiguan.
Wall St. up on housing data; Disney boosts media stocks
(Reuters) – U.S. stocks rose on Monday after strong economic data boosted the housing sector and as investors bought recently battered shares in biotech and media.
Oil down 1 percent; U.S. crude near six-and-a-half-year low on Japan, China
NEW YORK (Reuters) – Oil fell about 1 percent on Monday, with U.S. crude settling within range of a new 6-1/2-year low, after No. 3 oil consumer Japan said its economy contracted in the second quarter and China’s slowdown continued to weigh on sentimen…
Germany’s Schaeuble gives strong backing to Greek bailout
BERLIN (Reuters) – German Finance Minister Wolfgang Schaeuble said on Monday he had no qualms about urging fellow lawmakers to approve a new bailout for Greece in a parliamentary vote on Wednesday, citing a dramatic change in the Greek government’s rea…
Germany’s Mann + Hummel agrees to buy U.S. peer Affinia
FRANKFURT (Reuters) – German industrial filter maker Mann + Hummel has agreed to buy U.S. peer Affinia to boost its annual sales by $1 billion – or by more than a third – and gain access to the American market for heavy-duty and hydraulic filters.
Harvard’s Kaplan, once at Goldman Sachs, to head Dallas Fed
(Reuters) – The Federal Reserve Bank of Dallas on Monday picked Robert Steven Kaplan to be its next president, ending a nine-month search just as U.S. central bankers near the critical decision of when and how fast to raise interest rates.
Estee Lauder sales miss as skin care products lose shine
(Reuters) – Cosmetics maker Estee Lauder Cos Inc forecast full-year earnings below estimates and reported lower-than-expected quarterly sales, hurt by weak demand for Clinique and Estee Lauder skin care products.
