VW’s Audi outsells Mercedes again in February
BERLIN (Reuters) – Audi outsold German rival Mercedes-Benz for a second month in February as the Volkswagen division benefited from its revamped model lineup.
Chicken growers set to pay price for no-antibiotic McNugget
CHICAGO/LOS ANGELES (Reuters) – McDonald’s Corp’s decision last week to phase out human antibiotics from its U.S. chicken supply will add to costs of production in a tight-margin business that are likely to be borne mostly by poultry companies.
Chinese cooldown and Greek funding in focus
MADRID (Reuters) – China’s cooling growth prospects and an interest rate decision in Russia will shift the economic agenda away from the euro zone next week, although Greece remains firmly in the spotlight because of its precarious funding outlook.
PayPal to buy Israeli cyber security firm CyActive: media
TEL AVIV (Reuters) – Online payments company PayPal, a unit of eBay , will buy Israeli cyber security company CyActive for $60 million, Israeli media reported.
Eurogroup head responds positively to new Greek letter: government
ΑΤΗΕΝS (Reuters) – The head of the euro zone finance ministers responded positively to Greece’s request for an immediate start to technical talks with international creditors to conclude the country’s current bailout program, a Greek government official said on Saturday.
Newcomers jump into activist investing, eying returns and capital
BOSTON (Reuters) – The largest new field of activist investors in years is shaking up corporate America, seeking to tap into billions of dollars in available capital and inspired by the outsized returns of brand-name agitators like William Ackman and C…
Fiat Chrysler recalls 703,000 vehicles in U.S. to fix ignition switches
WASHINGTON (Reuters) – Fiat Chrysler Automobiles is recalling 702,578 SUVs and minivans to fix defective ignition switches that can unexpectedly turn off the engine, according to documents posted Friday by U.S. safety regulators.
Oil in biggest weekly drop since January on dollar, rate-hike fear
NEW YORK (Reuters) – Crude oil prices closed down on Friday, with benchmark Brent losing its most in a week since January, as a resurgent dollar and fear of a U.S. rate hike diverted attention from the shrinking number of rigs drilling for oil in the U…
Data brings more focus on timing of U.S. rate hike
NEW YORK (Reuters) – U.S. stock investors may be bracing for further signs next week that the Federal Reserve could increase interest rates sooner rather than later, with retail sales expected to rebound after two straight months of declines.
Wall Street ends lower as jobs data may bring rate hike sooner
NEW YORK (Reuters) – U.S. stocks closed lower on Friday and the S&P 500 declined for a second straight week after a strong monthly jobs report as investors bet that the Federal Reserve could raise interest rates sooner than previously expected.
