Nissan says can meet U.S. sales goal with capacity in South Korea, Japan
YOKOHAMA, Japan (Reuters) – Nissan Motor Co will be able to meet its goal of taking 10 percent of the U.S. market in two years without any major new investments and by making use of capacity available at factories in Japan and South Korea, a top execut…
IBM targets $40 billion in cloud, other growth areas by 2018
(Reuters) – International Business Machines Corp , which ruled computing in the age of the mainframe, is targeting $40 billion in annual revenue from the cloud, big data, security and other growth areas by 2018.
Bank of America accounting chief, two directors to step down
(Reuters) – Bank of America Corp said on Thursday that two members of its board of directors and its chief accounting officer will be leaving the company in coming weeks.
Oil retreats as rising U.S. inventories continue to weigh
NEW YORK (Reuters) – Crude oil futures fell sharply on Thursday as rising inventories in the United States pressured both Brent and U.S. contracts and countered expectations for recovering demand.
Nasdaq resumes climb; S&P 500, Dow fall with energy
NEW YORK (Reuters) – The Nasdaq resumed its recent advance on Thursday after deal news in the technology sector, while the Dow and S&P 500 dipped as energy shares sank with oil prices.
Citi urges Europe’s CEOs to follow U.S. share buyback trend
LONDON (Reuters) – Citi strategists on Thursday urged European firms to use historically cheap borrowing costs to buy back their own shares, a practice embraced by U.S. companies in recent years that has also attracted criticism.
GM’s Indonesia closure highlights automakers’ emerging markets woes
DETROIT (Reuters) – General Motors Co’s decision to shutter a car factory in Indonesia comes as global automakers rethink the timing and scope of investments in emerging markets once touted as engines of growth.
Lower gasoline prices dampen U.S. consumer inflation
WASHINGTON (Reuters) – U.S. consumer prices fell over the past year for the first time since 2009 as gasoline prices continued to tumble, which could allow a cautious Federal Reserve more room to hold off on raising interest rates.
For Macy’s, going downmarket looks like the way ahead
(Reuters) – Macy’s Inc’s planned push into the off-price retailing sector, dominated by chains such as TJX Cos Inc’s TJ Maxx, shows the venerable department store chain has faced up to new realities of retailing in the United States.
Fed’s Bullard sees spring price rebound, summer rate hike: CNBC
NEW YORK (Reuters) – The Federal Reserve should make a change to its policy statement next month that would allow it to monitor inflation readings through the spring and then hike interest rates some time in the summer, a top Fed official said on Thurs…
