Abercrombie CEO Jeffries steps down as company seeks new look
(Reuters) – Abercrombie & Fitch Co Chief Executive Michael Jeffries, who transformed the teen apparel retailer from a drab sports brand into a fashion icon before running afoul of shoppers and investors, has stepped down after over two decades at the helm.
Solid U.S. wholesale inventories data seen boosting growth
WASHINGTON (Reuters) – U.S. wholesale inventories rose more than expected in October, prompting some economists to raise their growth forecasts for the fourth quarter.
Nissan recalls about 470,000 SUVs, cars for possible fuel leaks
DETROIT (Reuters) – Nissan Motor Co said on Tuesday it is recalling about 470,000 sport utility vehicles and cars globally for possible fuel leaks.
BP to invest $12 billion in Egypt over five-years, boost gas supplies
CAIRO (Reuters) – British oil major BP plans to invest more than $12 billion in Egypt over the next five years, and to double its gas supplies to the local market in the next decade, the country manager of BP Egypt said on Tuesday.
BofA, Citi expect lower trading revenue in fourth quarter
(Reuters) – Bank of America Corp and Citigroup Inc expect weaker trading revenue in the fourth quarter, according to presentations they made at an investor conference in New York.
Brazil top prosecutor sees management change over Petrobras scandal
BRASILIA (Reuters) – Brazil’s top prosecutor called on Tuesday for the punishment of everyone involved in a scheme to funnel kickbacks from contracts with state-run oil firm Petrobras to politicians, and said he expected the company’s management to be …
Lloyds dividend hopes under threat from UK banks stress test
LONDON (Reuters) – Lloyds Banking Group Plc risks rejection of its plans to pay a dividend for 2014 unless it performs strongly in a British test of its financial health, results of which are due to be published next Tuesday.
Jaguar recalls about 7,000 sports cars in U.S. for wiring issue
DETROIT (Reuters) – Jaguar Land Rover is recalling 7,079 Jaguar F-Type sports cars in the United States because potential incorrect wiring could lead to the front passenger air bag not activating, according to documents filed with U.S. safety regulator…
Hyundai recalls 42,925 sedans in U.S. for possible brake light issue
DETROIT (Reuters) – Hyundai Motor Co is recalling 42,925 sedans in the United States due to potentially faulty brake lights, according to documents filed with U.S. safety regulators.
Low gas prices, cold weather boost AutoZone results
(Reuters) – AutoZone Inc , the second-largest U.S. auto parts retailer, reported a higher-than-expected quarterly profit, helped by lower gas prices and colder-than-usual weather that encouraged customers to ready their cars for a harsh winter.
