South Korea prosecutors indict local Uber subsidiary: Yonhap
SEOUL (Reuters) – South Korean prosecutors have indicted the local subsidiary of U.S. taxi-hailing service provider Uber Technologies Inc for violating a law governing public transport, Yonhap News Agency reported on Wednesday.
SMBC to buy Citi Japan retail business in October: sources
TOKYO (Reuters) – Sumitomo Mitsui Banking Corp (SMBC) will buy Citigroup Inc’s Japanese retail banking operations in October for about 40 billion yen ($330 million), people with knowledge of the matter said on Wednesday.
American Airlines says ‘strong’ profit to allow bigger wage hikes
(Reuters) – American Airlines Group Inc said Tuesday that it plans to pay flight attendants an additional four percentage points on top of raises already averaging 10 percent, thanks to profits that have strengthened as oil prices have collapsed.
UPS, FedEx cap air express deliveries: WSJ
(Reuters) – United Parcel Service Inc and FedEx Corp started limiting air express deliveries after a last-minute increase in shipped packages caused some retailers to exceed agreed-upon limits, the Wall Street Journal reported, citing people briefed on the situation.
Oil up on stronger-than-expected U.S. GDP growth data
NEW YORK (Reuters) – Oil rose by more than $2 a barrel on Tuesday, rallying for a second time in three days, after data showing the fastest rate of U.S. economic growth in 11 years bolstered expectations for crude demand.
Shares gain on strong U.S. GDP data; oil rises
NEW YORK (Reuters) – U.S. and European shares rose on Tuesday, with the Dow industrials ending above 18,000 for the first time after an unexpectedly strong report on U.S. economic growth supported risk appetite and lifted oil prices.
Dow ends above 18,000 for first time on strong GDP report
NEW YORK (Reuters) – U.S. stocks rose on Tuesday, with the Dow closing above 18,000 for the first time ever and the S&P 500 ending at a record after an unexpectedly strong report on economic growth.
Coke to cut up to 2,000 jobs in coming weeks: WSJ
(Reuters) – Coca-Cola Co plans to cut 1,000-2,000 jobs globally in the coming weeks, the Wall Street Journal reported, citing people familiar with the matter.
Keurig recalls 7.2 million single-serve brewers, stock falls
(Reuters) – Keurig Green Mountain Inc said on Tuesday it was recalling about 7.2 million single-serve brewing machines because they could overheat and spray hot liquids on users.
Third-quarter U.S. economic growth strongest in 11 years
WASHINGTON (Reuters) – The U.S. economy grew at a 5.0 percent clip in the third quarter, its quickest pace in 11 years and the strongest sign yet that growth has decisively shifted into higher gear.
