In China, Volkswagen thinks small to score big
SHANGHAI (Reuters) – Volkswagen AG’s lead in China’s compact sedan market this year has helped a handful of German marques sell almost as many passenger cars as China’s 25 local brands combined – a trend industry watchers say can only lead to consolida…
Exclusive: Toyota pauses on Mexico expansion to review growth strategy
BEIJING/NAGOYA Japan (Reuters) – Toyota Motor Corp is reconsidering a move to open a new compact car assembly plant in Mexico after company President Akio Toyoda told planners searching for a site to pause and review its rationale, executives familiar …
Exclusive: Colombia may pre-finance 2015 borrowing needs – finance minister
NEW YORK (Reuters) – Colombian Finance Minister Mauricio Cardenas said on Monday the government could start early to pre-finance some of its estimated $3 billion in 2015 borrowing needs by tapping international capital markets before year-end.
Alibaba will raise IPO range to $66 to $68: Wall Street Journal
SAN FRANCISCO (Reuters) – Alibaba Group Holding Ltd [IPO-BABA.N] is prepared to raise the price range on its initial public offering to $66 to $68 a share, from $60 to $66 previously, The Wall Street Journal reported on Monday, citing people familiar w…
Nasdaq slumps to worst day since July; S&P 500 dips
NEW YORK (Reuters) – U.S. stocks closed mixed on Monday as the tech sector dragged the Nasdaq to its worst day since July and kept the S&P 500 near the unchanged mark as investors cleared the decks for Alibaba’s debut planned for later this week.
Heineken’s snub to SAB revives beer deal speculation
LONDON/BRUSSELS (Reuters) – SABMiller’s rejected bid for smaller brewer Heineken has revived talk about deals that could reshape the global beer industry in coming months.
Apple iPhone 6 pre-orders hit record 4 million on first day
(Reuters) – Apple Inc said many customers will need to wait until next month for their new iPhones after a record 4 million first-day pre-orders were logged, double the number for the iPhone 5 two years ago.
GM to offer compensation for 19 deaths related to ignition switch
WASHINGTON (Reuters) – General Motors Co will pay compensation for 19 deaths linked to a faulty ignition switch, according to the lawyer overseeing the compensation process, more than the 13 deaths the automaker had previously admitted were caused by t…
Heineken confirms, rebuffs SABMiller bid
LONDON/AMSTERDAM (Reuters) – Dutch brewer Heineken HEIN.AS said on Sunday it was approached by larger rival SABMiller SAB.L about a potential takeover but that its controlling shareholder intended to keep the company independent.
Santander’s new head Ana Botin reaffirms bank’s strategy, dividend
SANTANDER Spain (Reuters) – Ana Botin, the new chairwoman of Santander , told shareholders on Monday she would defend the legacy of her father at the helm of the euro zone’s biggest bank and her priorities include maintaining its generous dividend poli…
