U.S. jobs, services sector data underscore economy’s resilience
WASHINGTON (Reuters) – U.S. private companies added workers at a fairly brisk clip in November and the services sector grew strongly, suggesting a slowing global economy is having a limited impact on domestic activity.
GSK cuts U.S. sales and research jobs as market gets tougher
LONDON (Reuters) – GlaxoSmithKline said on Wednesday it would shed “several hundred” U.S. commercial jobs and a similar number of research positions as it restructures operations in its biggest market, where drug sales are flagging.
Pimco posts $12.59 billion net outflows across its open-ended funds in November
NEW YORK (Reuters) – Pacific Investment Management Co posted net outflows of $12.59 billion across its open-ended funds in November, down considerably from $48.3 billion of cash withdrawals the previous month, according to Morningstar data on Wednesday…
Lufthansa braces for next strike as board approves low-cost expansion
BERLIN (Reuters) – Lufthansa’s board approved plans on Wednesday to expand its budget flight operations against the backdrop of deteriorating relations with its pilots who are set for their tenth strike this year.
Exclusive: J&J hires Goldman to explore sale of Splenda – sources
NEW YORK/LONDON (Reuters) – U.S. healthcare company Johnson & Johnson has hired Goldman Sachs to explore a sale of its artificial sweetener brand Splenda, sources familiar with the matter told Reuters.
UK’s Osborne says to miss short-term budget targets, cuts property tax
LONDON (Reuters) – British finance minister George Osborne said on Wednesday he would miss his short-term budget deficit targets but could afford tax cuts for home-buyers, offering some voter relief from his austerity push ahead of elections.
U.S. service sector growth at three-month high: ISM
NEW YORK (Reuters) – A gauge of growth in the U.S. services sector rose more than expected in November even as its employment component dipped, according to an industry report released on Wednesday.
Exclusive: Takata investigated defective air bag inflator as early as 2003
DETROIT (Reuters) – As early as 2003, Takata Corp ran an investigation into an air bag inflator that ruptured in a BMW vehicle, but concluded the problem was an anomaly, the company said on Tuesday, ahead of a second U.S. congressional hearing on dange…
Volvo Cars says full-year targets within reach
GOTHENBURG, SWEDEN (Reuters) – Chinese-owned Volvo Car Group said on Wednesday it was on track to reach its sales and profit targets for this year, after strong growth in China and modest gains in Europe helped boost the company’s sales for 17 straight…
Majority of Air France pilots back low-cost unit deal
PARIS (Reuters) – A majority of Air France pilots backed a deal reached in September to develop the company’s low-cost operations in France, the airline said on Wednesday.
