Foreign automakers taken to task in China over dealers’ bloated inventories
SHANGHAI (Reuters) – Foreign automakers in China may struggle to dictate sales goals in the future after dealers complained to the government that inflexible targets set during a market boom obliged them to buy too much stock and bear the brunt of a dr…
Toyota to miss China 2014 sales goal of over 1.1 million vehicles: executives
BEIJING (Reuters) – Toyota Motor Corp is likely to miss its 2014 objective of selling over 1.1 million vehicles in China because of a faster-than-anticipated economic slowdown and resulting price war in the local auto market.
In-store pickup does not save U.S. shoppers much time: study
SAN FRANCISCO (Reuters) – Major U.S. retailers including Target Corp and Toys ‘R Us have begun allowing shoppers to collect online purchases at their brick-and-mortar stores, but a study shows the option often saves little, if any, time over in-store s…
Petrobras says probe may implicate pension fund; cuts off contractors
RIO DE JANEIRO (Reuters) – Brazil’s state-run oil company Petrobras on Monday said a growing corruption scandal may implicate its employee pension fund and has led to a freeze on payments to 23 contractors allegedly involved in the scheme.
Petrobras deadline prompts some bondholders to push for default
RIO DE JANEIRO (Reuters) – Petrobras, Brazil’s state-run oil company, could be declared in technical default on some of its foreign debt as early as Tuesday if bondholders pursue efforts to force it to speed up its assessment of losses in a giant corru…
Petrobras deadline prompts some bondholders to push for default
RIO DE JANEIRO (Reuters) – Petrobras, Brazil’s state-run oil company, could be declared in technical default on some of its foreign debt as early as Tuesday if bondholders pursue efforts to force it to speed up its assessment of losses in a giant corru…
Wall Street little changed but S&P hits record
NEW YORK (Reuters) – U.S. stocks were little changed in thin trading on Monday as the S&P 500 notched its latest record high, but gains were curbed when an early rally in energy prices lost momentum.
Oil prices fall more than $1, dropping to five-year lows
NEW YORK (Reuters) – Crude oil prices on tumbled on Monday, with global grades settling down more than $1 a barrel after an early rally fizzled and prices fell to their lowest levels since May 2009.
Burger chain Shake Shack files for IPO
(Reuters) – Burger chain Shake Shack Inc, which grew out of a hot dog stand in New York’s Madison Square Park, has filed for an initial public offering at a time when stock offerings by casual restaurants have proven to be a big hit with investors.
Small U.S. firms may struggle with new UPS, FedEx dimensional prices
CHICAGO (Reuters) – United Parcel Service Inc and FedEx Corp are rolling out new pricing systems to curb online retailers’ large package sizes, but industry experts warn many small firms are unprepared and could pay up to 50 percent more for shipping.
