Campbell Soup to reorganize, shift focus from soup business
(Reuters) – Campbell Soup Co said it would reorganize its business into product divisions, instead of geographies or brand groups, as it focuses on growth areas in the face of cooling soup sales.
Time Warner Cable loses fewer video subscribers
(Reuters) – Time Warner Cable Inc , the second-largest U.S. cable TV operator, reported a 3.8 percent rise in revenue as residential customers bought more service bundles, leading to fewer-than-expected video cancellations.
Dow Chemical profit beats Street estimate as farm margins jump
(Reuters) – Dow Chemical Co’s adjusted profit handily beat analysts’ estimate as margins in its agricultural sciences business soared, helped largely by new crop protection products.
Brent oil up above $49 as investors look for rebound
LONDON (Reuters) – Brent oil futures rose above $49 a barrel on Thursday as speculator buying on hopes for a price rebound offset data showing record-high U.S. crude stocks.
Business class you win, economy you lose: British Airways faces backlash over points changes
LONDON/BERLIN (Reuters) – British Airways is facing a backlash from customers after making changes to the way passengers can earn and spend miles under its Avios frequent flyer program, with some threatening to switch to rival airlines such as Virgin A…
‘Falling angels’ could hit $260 billion of emerging market debt
LONDON (Reuters) – After a golden decade of improvement, credit ratings for a swathe of developing economies risk falling back to “junk”, with huge potential costs for up to a tenth of outstanding emerging market bonds.
Russian central bank seen holding rates for now despite economic slump: Reuters poll
MOSCOW (Reuters) – Russia’s central bank will hold its main lending rate at 17 percent when it meets on Friday, even though the economy is likely to contract by 4.2 percent this year, a Reuters poll predicted on Thursday.
Volkswagen could save much more than five billion euro at core brand: labor chief
WOLFSBURG, Germany (Reuters) – Volkswagen ought to be able to cut costs at its troubled passenger-car brand by “substantially more” than the 5 billion euros ($5.7 billion) planned by the carmaker’s top management, VW’s works council chief said.
Airbus confirms A400M management change, reorganization
PARIS (Reuters) – Airbus Group on Thursday confirmed a shake-up in its military aircraft business after fresh problems with the A400M and said the troubled military transporter project would be restructured, splitting production away from development.
Exclusive: BOC Hong Kong considering sale of $6 billion bank unit – sources
HONG KONG/SHANGHAI (Reuters) – Lender BOC Hong Kong Holdings Ltd is considering a sale of subsidiary Nanyang Commercial Bank (NCB) that could fetch about $6 billion, in a bid to stop cannibalizing the China business of its parent, people familiar with …
