U.S. retailers gaining upper hand in partnerships with banks
NEW YORK (Reuters) – U.S. banks are finding that “co-branded” credit cards they offer with retailers, airlines, hotels and other consumer companies are increasingly a lousy business, one not likely to get better soon, industry executives said.
GM union in Canada may seek early bargaining
TORONTO (Reuters) – The union that represents General Motors Co’s Canadian workers may seek early negotiations to secure jobs at the company’s Oshawa, Ontario, operations, Unifor National President Jerry Dias said on Friday.
Greece promises to do ‘whatever we can’ as debt talks cheer markets
BRUSSELS (Reuters) – The Greek government promised to do “whatever we can” to secure a deal with its international creditors next week, cheering investors as experts from both sides began technical talks on Friday to lay the ground for an accord.
Exclusive: U.S. eases restrictions on imports from private Cubans
WASHINGTON (Reuters) – The United States on Friday dramatically eased restrictions on imports of goods and services from private Cuban entrepreneurs as part of Washington’s rapprochement with Havana after more than half a century of enmity.
U.S. consumer sentiment pulls off 11-year high
WASHINGTON (Reuters) – U.S. consumer sentiment unexpectedly fell in February from an 11-year high amid worries over slowing economic growth, suggesting a recent weakness in spending might last for a while.
Bank of England may look into HSBC tax case
LONDON (Reuters) – The Bank of England may look into allegations that Europe’s biggest bank HSBC helped clients to avoid paying tax, a top BoE official said on Friday.
Honda backing away from 6 million a year car sales goal: CEO
ASAHIKAWA, Japan (Reuters) – Honda Motor Co is backing away from its goal of selling 6 million cars a year by March 2017, its chief executive said, conceding that recent quality woes may have had something to do with pressure to meet the lofty target.
U.S. consumer sentiment falls in February
NEW YORK (Reuters) – U.S. consumer sentiment fell more than expected in February, dropping from an 11-year high on concerns about wage growth, a survey released on Friday showed.
Can Ferrari really cut it in luxury beyond supercars?
MILAN (Reuters) – Ferrari faces a battle to persuade investors that it should be priced as a high-flying luxury goods stock, given a carmaker’s margins and the heavy investment required to make its prancing horse logo a big attraction on other exclusiv…
Euro zone economy accelerates thanks to German ‘thunderbolt’
BRUSSELS/BERLIN (Reuters) – Euro zone economic growth accelerated unexpectedly in the final quarter of 2014 as the bloc’s largest member, Germany, expanded at more than twice the expected rate.
