UPS CEO: Unplanned holiday surge could cost retailers
ATLANTA (Reuters) – United Parcel Service Inc’s chief executive officer said on Monday the company’s closer collaboration with major retailers should bring a smooth holiday season, but he said UPS would charge customers more or even refuse packages if …
Halliburton to buy Baker Hughes for about $35 billion
(Reuters) – Halliburton Co said on Monday it will buy Baker Hughes Inc for about $35 billion in cash and stock, creating an oilfield services behemoth to take on market leader Schlumberger NV as customers curb spending on falling oil prices.
Takata, Honda sued over death linked to faulty air bag
NEW YORK (Reuters) – Takata Corp and Honda Motor Co were hit Monday with a lawsuit over an air bag linked to the death last month of a woman in Florida, the latest legal issue for the companies as they continue to recall millions of vehicles for the fa…
GM ignition-switch claims deadline extended to January 31
(Reuters) – The deadline to file claims under General Motors Co’s faulty ignition-switch compensation program has been extended by one month to Jan. 31, said Kenneth Feinberg, the program’s administrator.
Bankruptcy judge in GM case to retire, remain on recall status
NEW YORK (Reuters) – The New York bankruptcy judge overseeing part of the fallout from General Motors Co’s problems with faulty ignition switches will retire from the bench, but remain active in so-called recall status for at least a year, his court an…
Madoff trustee recoups nearly $500 million more for customers
NEW YORK (Reuters) – Former customers of Bernard Madoff may soon recover an additional $496.8 million as a result of a settlement with two “feeder funds” that was announced on Monday by the trustee liquidating the swindler’s firm.
U.S. manufacturing expands, but may be losing speed
WASHINGTON (Reuters) – U.S. manufacturing output rose modestly in October as motor vehicle production fell for a third straight month, suggesting some slowing in economic growth at the start of the fourth quarter.
Gucci needs new ideas, talents to combat brand fatigue
PARIS (Reuters) – Gucci holds the luxury spending downturn mainly responsible for its poor performance but the Italian fashion brand may also have itself to blame, suggesting it could be time to change strategy and hire fresh talent.
JPMorgan turns underweight on U.S. stocks compared with Europe
NEW YORK (Reuters) – JPMorgan on Monday downgraded its view of the U.S. stock market, reversing its overweight call to underweight as valuations relative to Europe had “turned outright expensive.”
Japan’s slip into surprise recession paves way for tax delay, snap poll
TOKYO (Reuters) – Japan’s economy unexpectedly slipped into recession in the third quarter, setting the stage for Prime Minister Shinzo Abe to delay an unpopular sales tax hike and call a snap election two years before he has to go to the polls.
