Walmart suppliers grapple with challenge of ‘Made in USA’ labels
BENTONVILLE, Ark., July 10 (Reuters) – Detroit Quality Brushes is a company that does just what its name suggests: It makes high quality brushes in Detroit.
Exclusive: Mexico could be first in world to limit Uber cars
MEXICO CITY (Reuters) – Mexico City could become the first city in the world to limit the number of Uber cars, draft regulation shows, in the latest potential hurdle for the ride-hailing service that has spurred a regulatory backlash around the globe.
American to retire US Airways brand on October 17
(Reuters) – US Airways will become history on Oct. 17, as the carrier’s flight reservations move over to American Airlines in one of the last steps in the creation of the world’s largest airline.
Exclusive: RBS looking to sell $5 billion Greek shipping loan business
LONDON/ATHENS (Reuters) – Royal Bank of Scotland is winding down its Greek operation and is putting its $5 billion shipping loans portfolio up for sale as the group scales back on non-core activities, finance sources familiar with plans said on Friday….
Yellen says expects rate hike this year, but cites labor weakness
CLEVELAND (Reuters) – Federal Reserve chair Janet Yellen on Friday said she expects the Fed to raise interest rates at some point this year, but pointed strongly to her concerns that U.S. labor markets remain weak and that more workers could be encoura…
Japan’s Takata Corp says ‘no’ to U.S. lawmaker’s call for compensation fund
WASHINGTON (Reuters) – Takata Corp has rejected the suggestion that it establish a compensation fund for the victims of defective air bag inflators that have been linked to at least eight deaths and more than 100 injuries, a U.S. senator announced on F…
Bosch says assisted driving systems to generate 1 billion euro sales by 2016
UNTERGRUPPENBACH, GERMANY (Reuters) – Robert Bosch sees the rapid growth of automated driving assistance systems garnering it 1 billion euros ($1.1 billion) in annual sales by 2016, a senior executive told reporters on Friday.
Detroit Three, UAW will square off over wages, U.S. jobs
DETROIT (Reuters) – The Big Three U.S. automakers and the United Auto Workers union will kick off bargaining Monday for new contracts that would set how much more robust, post-recession profits the industry shares with workers, and determine union cost…
China fears propel Apple shares toward five-day losing streak
SAN FRANCISCO (Reuters) – Apple Inc’s stock was heading toward its first five-session losing streak since January on Thursday as investors worried about the economic health of China, a key market for iPhones.
China stocks jump again as emergency measures bite
SHANGHAI (Reuters) – Chinese stocks rose strongly for a second day on Friday, buoyed by a barrage of government support measures, but worries persist about the long-term impact that four weeks of market turmoil may have on the world’s second-largest ec…
