Higher home renovation spending drives sales at Lowe’s
(Reuters) – Lowe’s Cos Inc , the No. 2 U.S. home improvement chain, reported same-store sales well above analysts’ estimates as lower gas prices and an improving job market encouraged Americans to spend more on home renovations.
VW CEO sees BMW, Daimler managers as potential successors: Stern
FRANKFURT (Reuters) – Volkswagen boss Martin Winterkorn sees Andreas Renschler and Herbert Diess, who are joining VW from rivals Daimler and BMW respectively, among his potential successors, according to German weekly magazine Stern.
American Express to raise credit card rates: Bloomberg
(Reuters) – American Express Co is raising interest rates for over 1 million cardholders for the first time in more than five years, Bloomberg reported.
World stocks near all-time highs after Fed signals
LONDON (Reuters) – World stocks were within touching distance of an all-time high on Wednesday as investors cheered signals from Federal Reserve Chair Janet Yellen that the U.S. central bank would not rush into raising interest rates.
Fed’s Yellen flags rate hikes on ‘meeting-by-meeting’ basis
WASHINGTON (Reuters) – The Federal Reserve is preparing to consider interest rate hikes “on a meeting-by-meeting basis,” Fed Chair Janet Yellen told a congressional committee on Tuesday, a subtle shift of emphasis that helps lay the groundwork for the …
China February flash HSBC PMI at four-month high
BEIJING (Reuters) – Activity in China’s mammoth factory sector edged up to a four-month high in February but export orders shrank at their fastest rate in 20 months, a private survey showed, painting a murky outlook that argues for more policy support….
Malaysia’s AirAsia X to cut costs, may defer plane deliveries: Acting CEO
KUALA LUMPUR (Reuters) – Malaysia’s AirAsia X Bhd will cut flights on unprofitable routes, reorganize staff and defer some aircraft deliveries to turn around the loss-making long-haul budget carrier, the airline’s acting chief executive said on Wednesd…
Toyota calls union pay demands impossible; talks outcome key for Abenomics
TOYOTA CITY/TOKYO (Reuters) – Toyota Motor Corp said on Wednesday it was “impossible” to meet union demands for a 13,300 yen ($112) monthly pay rise, as the automaker concluded the first day of labor talks widely considered crucial for Japan’s economic…
Exclusive: Despite wage hike, some Walmart shareholders seek change
(Reuters) – A prominent investor in Wal-Mart Stores Inc is pushing ahead with a campaign to link a portion of executive compensation to staff motivation, a sign that the retailer’s wage hike last week won’t end outside pressure over employee pay and be…
Strong dollar hurts HP’s earnings forecast, shares plummet
(Reuters) – Hewlett-Packard Co reported flat or lower quarterly revenue in all of its operating units on Tuesday, and forecast full-year earnings well below analysts’ expectations due to a strong U.S. dollar.
