Sears: Why the troubled chain’s vendors are worried
CHICAGO (Reuters) – Sears Holdings Corp.’s deepening financial troubles have forced insurers and banks to raise the cost of guaranteeing payment to vendors, rattling the retailer’s supply chain as the company heads into the key holiday season.
Surging dollar may be triple whammy for U.S. earnings
NEW YORK (Reuters) – The suddenly unstoppable U.S. dollar is posing a triple threat to American companies’ profits: driving up the costs of doing business overseas, suppressing the value of non-U.S. sales and, perhaps most worryingly, signaling weak in…
Austerity versus growth version 3.0 at G20/IMF
LONDON (Reuters) – World policymakers gather in Washington later this week to ponder how to sustain economic recovery at a time when the United States is about to turn off its money taps.
Juncker’s team likely to survive EU power struggle
PARIS (Reuters) – Party politics seems set to trump concerns about the competence and suitability of several candidates for the European Commission when lawmakers pass judgment on Jean-Claude Juncker’s most controversial nominees this week.
Japan PM still ‘neutral’ on tax hike but recovery weak: economy minister
TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe remains “completely neutral” on whether to raise the national sales tax, Economy Minister Akira Amari said on Sunday even as he expressed concern about the strength of the country’s economic recovery…
Bond King Bill Gross says happy to get back to investment roots
(Reuters) – Bill Gross, in his first interview since quitting asset manager Pimco, told Barron’s magazine he was “uniquely exuberant” about giving up management responsibilities and was excited to get back to his investment roots.
Greece sees 2015 budget surplus close to bailout target: report
ATHENS (Reuters) – Greece will aim to achieve a primary budget surplus of 2.9 percent of output next year, just shy of the 3 percent target set out under its bailout deal, its deputy finance minister said in an interview published Saturday.
Latest GM recalls cover 57,000-plus vehicles
WASHINGTON (Reuters) – General Motors Co said on Saturday it was recalling more than 57,000 vehicles in the United States for potential problems ranging from a wiring problem in the steering column to inadvertent shutdown of the engine.
Latest GM recalls cover 57,000-plus vehicles
WASHINGTON (Reuters) – General Motors Co said on Saturday it was recalling more than 57,000 vehicles in the United States for potential problems ranging from a wiring problem in the steering column to inadvertent shutdown of the engine.
U.S. hiring accelerates, jobless rate hits six-year low
WASHINGTON (Reuters) – U.S. employers ramped up hiring in September and the jobless rate fell to a six-year low, bolstering bets the Federal Reserve will hike interest rates in mid-2015.
