P&G to sell up to 100 brands to revive sales, cut costs
(Reuters) – Procter & Gamble Co , the world’s largest household products maker, said it could sell about half of its brands in the next two years and cut jobs to revive sales growth and save costs, sending its shares up as much as 4.3 percent.
Chevron second-quarter profit tops estimates on higher oil, gas prices
(Reuters) – Chevron Corp , the second-largest U.S. oil company, reported better-than-expected quarterly profit on Friday as higher energy prices offset rising expenses and production dips in Kazakhstan.
Jobs data bolsters Yellen’s argument on labor market slack
WASHINGTON (Reuters) – The U.S. Federal Reserve has made a big bet that recovery of the labor market is a long way from creating a worrisome surge of inflation. A range of economic data on Friday suggested the Fed has been reading the odds well.
Harley-Davidson recalls motorcycles due to ignition problem
(Reuters) – Harley-Davidson Inc is recalling more than 3,000 motorcycles to fix an ignition switch issue that can cause the bikes to stall and crash, the U.S. National Highway Transportation Safety Administration said on Friday.
India says WTO deal not dead, can sign in September if concerns addressed
NEW DELHI/GENEVA (Reuters) – India is willing to sign a global trade deal, which it has torpedoed, if other World Trade Organization members can agree to its parallel demand for concessions on stockpiling food, senior officials in New Delhi said on Fri…
VW production chief leaves amid production troubles
BERLIN (Reuters) – Volkswagen (VW) has replaced its production chief Michael Macht, who oversaw the introduction of a manufacturing platform which was designed to cut costs, a day after the company reported a drop in operating profit.
Corporate reports signal stronger US commercial building recovery
(Reuters) – Rising orders and increasing optimism from companies like United Technologies Corp and Tyco International point to a strengthening recovery in the U.S. commercial construction market, which has been limping back since bottoming more than th…
Consumer sentiment dips in July
NEW YORK (Reuters) – U.S. consumer sentiment edged down in July, while an index of consumer expectations weakened for a third straight month, a survey released on Friday showed.
July factory activity expands at fastest pace in 39 months: ISM
(Reuters) – The U.S. manufacturing sector expanded last month at the fastest pace in more than three years boosted by a jump in its new orders and employment readings, an industry report released on Friday showed.
Hyundai recalls in U.S. reach 1.3 million in same week
(Reuters) – South Korea’s Hyundai Motor Co is recalling about 420,000 vehicles covering three models for separate problems in the United States, after recalling 883,000 Sonata sedans this week, according to U.S. safety regulators.
