Alibaba reports record $9 billion Singles’ Day sales
HANGZHOU China (Reuters) – E-commerce giant Alibaba Group Holding Ltd reported more than $9 billion in sales on China’s Singles’ Day on Tuesday, illustrating the buying power of the Chinese consumer and the importance of the event in the retail calenda…
Mercedes recalls 10,500 C-Class cars in U.S. for steering defect
DETROIT (Reuters) – Daimler AG’s Mercedes-Benz unit is recalling 10,509 C-Class compacts from model year 2015 in the United States because some cars can lose steering function at low speed.
Rising stars make Adidas more American, less soccer-mad
HERZOGENAURACH Germany (Reuters) – A new generation of more international Adidas executives is trying to loosen a hierarchical structure that has held back creativity at the venerable German sports brand as it tries to retaliate against Nike .
Special Report: For these oil and gas bets, the odds favor the house
NEW YORK (Reuters) – Atlas Energy LP has a deal for investors eager to get in on the U.S. energy boom: Contribute at least $25,000 in a partnership that will drill for oil and gas in Texas, Ohio, Oklahoma and Pennsylvania and then share any revenue from the wells’ output.
Vodafone lifts outlook as new offerings boost demand
LONDON (Reuters) – Vodafone , the world’s second-biggest mobile operator, nudged its full-year earnings forecast higher on Tuesday as improving demand in its big European markets and an investment push into new products helped reduce a drop in revenues…
Further economic sanctions on Russia not planned, Merkel says
BERLIN (Reuters) – Germany’s Angela Merkel said on Tuesday there were no plans at present for further economic sanctions on Russia over Ukraine but she was unhappy that a ceasefire agreement was being broken and that pro-Russian rebels had gone ahead w…
U.S. small business confidence gains in October: NFIB
WASHINGTON (Reuters) – U.S. small business optimism rose in October as more owners said they planned to invest in their companies and were having a harder time filling job openings, according to a survey released on Tuesday.
Futures edge up after record high for Dow, S&P 500
NEW YORK (Reuters) – U.S. stock index futures edged higher on Tuesday, after the Dow and S&P 500 extended their streak of record closes for a fourth day.
Shell to maintain asset sales target despite oil price decline
ABU DHABI (Reuters) – Royal Dutch Shell will maintain its target to sell $15 billion of assets by 2015 in an effort to boost cash flow, the oil company’s upstream director Andrew Brown said on Tuesday.
Mercedes-Benz to revive Maybach brand for top end S-Class
FRANKFURT (Reuters) – Daimler on Tuesday said it will launch new top end versions of its Mercedes-Benz S-Class, including a sports utility vehicle and a high-end luxury limousine adorned with the Maybach brand.
