Ford keeps pushing for lighter cars despite oil price fall
DUBAI (Reuters) – Ford Motor Co’s drive to make its sport utility vehicles (SUV) and other models lighter to save fuel and boost performance will not be delayed by a recent drop in oil prices, Executive Chairman Bill Ford said on Wednesday.
Insight: Airbus deepens carmaker thinking to drive jet output
PARIS (Reuters) – An industrial drumbeat is picking up in European aircraft factories as Airbus borrows a new range of carmaking strategies to keep pace with record demand.
JetBlue to charge for checked bags in new airfare fare class
(Reuters) – JetBlue Airways announced Wednesday that it will charge certain customers for their first checked bag, yielding to pressure from analysts who criticized the airline for not adding fees in step with other carriers.
Gradual U.S. housing recovery on track as single-family starts rise
WASHINGTON (Reuters) – Starts for U.S. single-family homes rose for a second straight month in October and building permits neared a 6-1/2-year high, suggesting the housing market was still on a recovery path.
U.S. Justice Dept collects record $24 billion in penalties in fiscal 2014
WASHINGTON (Reuters) – The U.S. Department of Justice collected a record $24.7 billion in penalties from fraud and other cases in fiscal year 2014, the agency said on Wednesday, as fines against banks for financial misconduct soared. Collections from c…
Target U.S. sales beat expectations, loss-making Canada unit faces review
(Reuters) – Target Corp on Wednesday reported its first increase in U.S. same-store sales in four quarters and a quarterly profit above expectations, but said it would review the future of its loss-making Canadian business after the holiday season.
Morgan Stanley sees Petrobras scandal write-offs of up to $8.1 billion
SAO PAULO (Reuters) – Petróleo Brasileiro SA could slash the value of its assets by as much as 21 billion reais ($8.1 billion) and cut dividends as a result of an ongoing investigation into alleged graft and money-laundering at Brazil’s state-controlled oil producer, analysts at Morgan Stanley & Co said in a client note.
Peugeot plans to cut 3,450 French jobs in 2015: sources
PARIS (Reuters) – PSA Peugeot Citroen is preparing to cut another 3,450 French jobs next year as the troubled carmaker pursues a recovery plan under new Chief Executive Carlos Tavares, two sources with knowledge of the matter said.
Lowe’s raises fiscal-year profit, sales forecasts
(Reuters) – Lowe’s Cos Inc , the No. 2 U.S. home improvement chain, on Wednesday raised its fiscal-year profit and sales forecasts as an improving job market encourages home owners to increase spending on renovations.
Insight: Airbus deepens carmaker thinking to drive jet output
PARIS (Reuters) – An industrial drumbeat is picking up in European aircraft factories as Airbus borrows a new range of carmaking strategies to keep pace with record demand.
