Low-cost? Low chance for Air France and Lufthansa
BERLIN (Reuters) – Venerable old airlines Lufthansa and Air France know the smart money is in the low-cost market –Ryanair raised its forecasts again on Thursday – but powerful labor unions are keeping them from the bounty.
Adidas fights to draw top talent to HQ in sleepy Bavarian town
HERZOGENAURACH Germany (Reuters) – Adidas needs world-class designers, brand experts and technical whizzkids to improve its image against U.S. rival Nike , but persuading them to move to its headquarters in rural Germany is difficult.
While ECB struggles, Fed sees recovery
LONDON (Reuters) – On one side of the Atlantic they’re trying to refill the punchbowl. On the other they’re getting ready to take it away. This week, investors may get a clearer idea why.
Europe’s German growth locomotive on strike
PARIS (Reuters) – Europe’s growth locomotive is on strike.
Japan’s SoftBank in talks to buy DreamWorks: source
TOKYO/NEW YORK (Reuters) – Japan’s SoftBank Corp is in talks to acquire DreamWorks Animation SKG , the Hollywood studio behind the “Shrek” and “Madagascar” movie hits, a person with knowledge of the situation said.
Cuba sentences Canadian CEO to 15 years on financial charges
HAVANA (Reuters) – A Cuban court has sentenced Canadian executive Cy Tokmakjian to 15 years in prison for bribery and other economic charges in a case his company and Western diplomats have called a chilling development for potential foreign investors….
Clorox warns of safety concerns after Venezuelan takeover of plants
(Reuters) – U.S. cleaning products maker Clorox Co said the Venezuelan government’s takeover of two of its plants after the company pulled out of the country raised “grave concerns” about the safety of workers and surrounding communities.
Air France faces more strikes after talks with pilots reach deadlock
PARIS (Reuters) – Talks between Air France and its pilots reached an impasse on Saturday after a union request for a mediator was rejected by both the airline’s management and the French government.
Gross begins second act as bond guru at tiny Janus fund
NEW YORK (Reuters) – For Bill Gross, quitting Pimco’s $222 billion Total Return Fund to take over a $13 million fund at Janus Capital is like resigning the U.S. presidency to become city manager of Ashtabula, Ohio, population 18,800.
Commerzbank to be investigated over money laundering charges: WSJ
(Reuters) – Germany’s second-largest lender Commerzbank AG is being investigated by the Manhattan U.S. attorney for alleged violations of money-laundering laws, the Wall Street Journal reported.
