Frequent flyer schemes revamped to drive profits in tough times for airlines
BERLIN (Reuters) – Beset by low air fares and relentless competition, airlines around the world are waking up to the value of their frequent flyer programs and realizing they can boost profits as well as brand profile.
Traders brace for research crackdown as easy money dries up
LONDON (Reuters) – Regulatory pressure to undo the traditional way brokers sell research alongside share dealing is alarming traders in Europe, who fear a further drop in business and more cost-cutting in an already tough environment.
Food and flirting; how firms learn to live with China antitrust raids
HONG KONG/BEIJING (Reuters) – In the early afternoon of Monday, Aug. 4, ten men in suits and casual business wear barged into a busy office at Mercedes-Benz’s east China sales office, near Shanghai’s Hongqiao international airport.
McDonald’s, Yum release supplier data after China food safety scare
SHANGHAI (Reuters) – Five fast food chains including McDonald’s and Yum Brands Inc have published details of their suppliers on their Chinese websites, following a request from Shanghai authorities after the latest food safety scare.
TPG’s $3.1 billion move for Australia’s Treasury Wine sets up clash with rival KKR
SYDNEY/HONG KONG (Reuters) – Private equity giant TPG Capital Management LP made a $3.1 billion approach for Australia’s Treasury Wine Estates Ltd TWE.AX, a source said, setting the scene for a possible bid war for the world’s No.2 winemaker with rival KKR & Co KKR.N.
‘Naked PCs’ lay bare Microsoft’s emerging markets problem
(Reuters) – On a trip to Beijing a decade ago, Bill Gates was asked by a senior government official how much money Microsoft Corp made in China. The official asked the interpreter to double check Gates’ reply as he couldn’t believe the figure was so lo…
GM must face suit claiming it covered up ignition-switch defect
NEW YORK (Reuters) – General Motors Co has lost its bid to dismiss a lawsuit accusing the automaker of concealing critical evidence about a faulty ignition switch linked to the death of a Georgia woman in 2010.
Food and flirting; how firms learn to live with China antitrust raids
HONG KONG/BEIJING (Reuters) – In the early afternoon of Monday, Aug. 4, ten men in suits and casual business wear barged into a busy office at Mercedes-Benz’s east China sales office, near Shanghai’s Hongqiao international airport.
Traders brace for research crackdown as easy money dries up
LONDON (Reuters) – Regulatory pressure to undo the traditional way brokers sell research alongside share dealing is alarming traders in Europe, who fear a further drop in business and more cost-cutting in an already tough environment.
Europe’s fragile economy put to test as Ukraine, Iraq sour mood
FRANKFURT (Reuters) – Investors will gauge the strength of the euro zone’s fragile economy this week as escalating conflicts in Ukraine and Iraq darken the mood globally.
