Bombardier names company veteran as president of new aerostructures unit
TORONTO (Reuters) – Bombardier Inc has appointed a company veteran to head its new Aerostructures and Engineering Services division, it said on Wednesday, the most recent change at the Canadian plane and train maker as it struggles to push its new CSer…
Argentina bonds, peso reel on country’s debt swap plan
BUENOS AIRES (Reuters) – Argentina’s new plan to skirt U.S. courts and resume payment on defaulted bonds aims to protect creditors who participated in two debt restructurings, the economy minister said on Wednesday as the local peso currency weakened t…
Berkshire Hathaway agrees to settle U.S. charges on stock deal
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc agreed to pay an $896,000 fine to settle U.S. government accusations that it violated antitrust rules by failing to report a transaction that boosted its stake in building products company USG Corp.
Russian watchdog shuts four McDonald’s restaurants in Moscow
MOSCOW (Reuters) – Russia ordered the temporary closure of four McDonald’s restaurants in Moscow on Wednesday, a decision it said was over sanitary violations but which comes against a backdrop of worsening U.S.-Russian ties over Ukraine.
BP hires head of U.S. shale unit before spin-off
LONDON (Reuters) – Oil major BP has appointed a chief executive to look after its U.S. onshore oil and gas assets, months ahead of its plan to spin off the business to boost the profitability of its shale gas portfolio in the country.
Lowe’s expects pickup in home improvement spending
(Reuters) – Lowe’s Cos Inc , the No. 2 U.S. home improvement products retailer, echoed larger rival Home Depot Inc in anticipating higher spending on renovations in the second half of the year as the U.S. housing market showed signs of a recovery.
Staples warns of weak sales on low demand for core office supplies
(Reuters) – Staples Inc warned that its sales could fall in the current quarter as it sells fewer computers and core office supplies such as ink, toner and paper in North America amid stiff competition from online retailers and big-box chains.
Target cuts forecast as it woos back customers with more discounts
(Reuters) – Target Corp cut its full-year earnings forecast as it offers more discounts to attract cash-strapped customers and win over shoppers unnerved by a massive holiday-season data breach.
Walgreen CFO’s departure due to $1 billion forecasting error : WSJ
(Reuters) – Drugstore retailer Walgreen Co’s Chief Financial Officer, Wade Miquelon, and another top executive lost their jobs after a $1 billion forecasting error in the company’s Medicare-related business, the Wall Street Journal reported.
Macy’s to pay $650,000 to resolve ‘shop-and-frisk’ probe
NEW YORK (Reuters) – Macy’s Inc has agreed to pay $650,000 to New York’s attorney general and install a monitor to resolve allegations that its security personnel targeted minority shoppers.
