Wall St. ends lower with oil prices, renewed Greece worries
NEW YORK (Reuters) – The S&P 500 and Nasdaq ended lower on Wednesday, snapping a two-day rally as energy shares slid with oil prices and as investors’ anxiety about the euro zone returned in the closing minutes of trading.
Buffett tells Fox Business he wants a company in Europe
NEW YORK (Reuters) – Billionaire investor Warren Buffett said on Wednesday he is likely to buy a small business in Western Europe and he would like to buy more businesses abroad.
Carmakers eye engineering firm, ex-regulator for Takata airbag probe
DETROIT (Reuters) – A consortium of 10 automakers led by Toyota Motor Corp plans to hire an independent engineering firm and a former top U.S. auto safety regulator to investigate a rash of problems with air bags supplied by Japan’s Takata Corp , the g…
Yum’s China sales fall less than expected, shares rise
(Reuters) – Yum Brands Inc on Wednesday reported a decline in fourth-quarter sales at established restaurants in China that was less than feared as the company fights to recover from a safety scandal involving a minor supplier, and its shares jumped 2….
With parallel import scheme, China aims to rein in luxury car prices – sources
SHANGHAI (Reuters) – China is taking aim again at foreign luxury car makers such as Audi , BMW and Mercedes-Benz by allowing unauthorized dealers to sell imported cars – so-called ‘parallel imports’ – in a move to rein in high-end car prices.
Oil crashes after four-day rally; U.S. inventory renews glut worry
NEW YORK (Reuters) – Oil prices crashed on Wednesday, with U.S. crude losing 9 percent in one of its biggest daily routs ever, as record high oil inventories in the United States cut short a four-day rally.
Starbucks’ U.S. shops turn to coconuts as non-dairy demand soars
(Reuters) – Starbucks Corp said on Wednesday that its 12,123 U.S. shops would begin offering coconut milk on Feb. 17, as it seeks to keep pace with soaring demand for non-dairy and non-soy milk alternatives.
Exclusive: Apollo in the lead to acquire Protection 1 – sources
(Reuters) – Private equity firm Apollo Global Management LLC is in advanced talks to acquire Protection 1 in a deal that could value the U.S. home security company at close to $1.5 billion, including debt, according to people familiar with the matter.
Exclusive: Indian tycoon Roy’s get-out-of-jail deal is mired in mystery
NEW YORK/MUMBAI (Reuters) – Subrata Roy, the boss of Indian conglomerate Sahara, is in a New Delhi prison on contempt-of-court charges and needs to post $1.6 billion in bail to get out. To help raise the money, Sahara is in talks to refinance its overs…
BT finalizes deal to buy EE: source
LONDON (Reuters) – BT has reached agreement with Orange and Deutsche Telekom to buy their UK mobile network operator EE and a deal could be announced as early as Thursday morning, a person familiar with the situation said.
