Wal-Mart takes on Amazon’s ‘Prime Day’ with online sale
(Reuters) – Wal-Mart Stores Inc will launch a three-month online sale on Wednesday to take on Amazon.com Inc’s “Prime Day”, a highly publicized shopping event for members of Amazon Prime shipping and digital content service the same day.
UAW, Detroit Three could revise healthcare packages in talks: WSJ
(Reuters) – Healthcare packages and profit-sharing agreements could be revised in talks for new contracts between the United Auto Workers (UAW) and the Big Three U.S. automakers, the Wall Street Journal reported, citing people familiar with the negotia…
‘Near-suicidal’ Libor trader Hayes says anger drove plea change
LONDON (Reuters) – Tom Hayes, the ex-trader charged with manipulating Libor, told a London court on Monday he had been near-suicidal when he initially agreed to cooperate with investigators and plead guilty, but anger over his fate led him to change hi…
GM, UAW launch bargaining with show of harmony
DETROIT (Reuters) – General Motors Co and the United Auto Workers on Monday kicked off bargaining that will determine labor costs for the U.S. operations of the Detroit Three with a show of harmony that extended to the blue, open-collar shirts worn by …
Jarden to buy disposable cutlery maker Waddington for $1.35 billion
(Reuters) – Jarden Corp said it would buy disposable tableware maker Waddington Group for $1.35 billion, bolstering a portfolio of brands that ranges from Sunbeam kitchen appliances to Coleman outdoor gear.
Lehman creditors’ recovery may soon reach $7.8 billion
NEW YORK (Reuters) – The trustee liquidating Lehman Brothers Holdings Inc’s brokerage unit on Monday asked a federal bankruptcy judge for permission to distribute another $1.89 billion to unsecured creditors, boosting their total recovery to $7.78 bill…
Oil steadies as Iran indicates no nuclear deal yet
NEW YORK (Reuters) – Oil prices came off their lows on Monday after a Tehran official indicated the Islamic Republic might miss another deadline in securing a nuclear deal integral to lifting Western sanctions on its crude exports.
No plan to change small car production in U.S.: GM CEO
DETROIT (Reuters) – General Motors Co Chief Executive Mary Barra said Monday the automaker has “no plans to change” its strategy of building the Chevrolet Sonic small car in the U.S.
Alibaba’s Ma-backed Hundsun defends role in stock market rout
BEIJING (Reuters) – Hundsun Technologies Inc , the financial information technology company controlled by Alibaba Group Holding Ltd founder Jack Ma, on Monday rejected local media criticism that blamed its platform for China’s stock market rout.
Americans more upbeat on earnings, home prices: NY Fed survey
NEW YORK (Reuters) – Americans expected higher earnings and home-price growth last month, according to a Federal Reserve Bank of New York survey that also found little change in inflation expectations.
