Fiat Chrysler seen breaking even in Europe in 2015: Marchionne
MILAN (Reuters) – Fiat Chrysler Automobiles (FCA) is turning the corner in Europe and may break even in the region at an operating level ahead of schedule as a focus on premium vehicles for export is starting to pay off.
EU buys time to defuse U.S. investor arbitration dispute
BRUSSELS (Reuters) – The European Union promised on Tuesday more talks with campaigners against a free-trade accord with the United States, delaying a long-awaited decision on how to protect investors in the world’s biggest trade deal.
Russell Stover buy boosts Swiss chocolate maker Lindt
ZURICH (Reuters) – The takeover of U.S. candymaker Russell Stover will fuel growth for Swiss chocolate maker Lindt & Spruengli after strong demand for premium products boosted sales in 2014, the company said on Tuesday.
Alibaba agrees to block sale of dangerous toys in U.S.: commission
HONG KONG (Reuters) – Chinese e-commerce company Alibaba Group Holding Ltd has agreed to prevent the sale of up to 15 illegal or dangerous toys in the United States, the U.S. Consumer Product Safety Commission’s (CPSC) chairman said on Tuesday.
Supreme Court rules for homeowners over mortgage dispute
WASHINGTON (Reuters) – The U.S. Supreme Court on Tuesday ruled in favor of homeowners seeking to back out of mortgages when lenders are accused of failing to follow a federal “truth in lending” law.
Roche seals licensing deal for antibiotic-boosting drug to battle superbugs
ZURICH (Reuters) – Roche has boosted its efforts to tackle antibiotic resistance, striking a deal worth up to $750 million with Japan’s Meiji Seika Pharma and Canada’s Fedora for a drug that can restore the power of antibiotics to combat infections.
EU signals flexibility on budgets, aiding France, Italy
BRUSSELS (Reuters) – The European Commission said on Tuesday that public investment and structural reforms could win some leeway for countries breaking EU budget rules, reducing the likelihood of tough penalties on France or Italy.
Paris attacks disrupt start of French winter sales
PARIS (Reuters) – France’s winter clearance sales have got off to a slow start as the nation mourns last week’s deadly shootings in Paris.
Slowdown, U.S. problems prompt Philips profit warning
AMSTERDAM (Reuters) – Philips warned on Tuesday that fourth-quarter earnings would be worse than expected because of the lengthy closure of a manufacturing plant in Cleveland, Ohio and a slowdown in some of its major markets.
Citigroup quietly scales back in consumer banking
NEW YORK (Reuters) – Citigroup Inc has been quietly scaling back its consumer banking presence in some of the world’s major cities, pulling out from markets where it does not have enough branches to be competitive.
