VW set to overtake Toyota as global auto leader
TOKYO (Reuters) – Volkswagen is poised to overtake Toyota Motor Corp as the global leader in vehicle sales, with a rapid expansion drive in China – the world’s biggest auto market – while Toyota curbs growth to focus on shoring up quality.
RadioShack may run out of cash by Oct 2015 – Moody’s
(Reuters) – RadioShack Corp may run out of cash as early as October 2015, giving the struggling electronics retailer little time to turn around its business, a Moody’s Investors Service report said.
Wall Street ends down; Twitter rallies after-hours
NEW YORK (Reuters) – Stocks fell on Tuesday, dropping in a broad selloff as a weak outlook from courier company UPS weighed on sentiment and pressured transportation stocks.
Pfizer leaves investors guessing on intentions for Astra
(Reuters) – Pfizer Inc , which in May abandoned its $118 billion bid for AstraZeneca Plc , on Tuesday left investors guessing whether it would renew its pursuit of its British rival, but said it was considering other deals.
Institutions shift to exchange-traded funds as futures grow costly
NEW YORK (Reuters) – Institutional investors, like endowments and sovereign wealth funds, are trading some of their stock futures contracts for exchange-traded funds, an action they say saves them money and effort while providing comparable returns.
Tyson to sell Mexico, Brazil poultry businesses to JBS
(Reuters) – Tyson Foods Inc said on Monday it would sell its Mexican and Brazilian poultry businesses to JBS SA for $575 million and use the proceeds to pay down debt from its pending $7.7 billion purchase of Hillshire Brands Co.
Sprint, T-Mobile merger not expected before September: sources
WASHINGTON/NEW YORK (Reuters) – The long-anticipated merger of Sprint Corp and T-Mobile US Inc is not expected to occur before September, with the companies continuing due diligence and preparing a detailed case for a deal before U.S. regulators, accor…
Exclusive: Goldman unit eyes foray into China amid metals financing scandal
NEW YORK/SYDNEY/LONDON (Reuters) – Goldman Sachs Group Inc’s metals warehousing unit is exploring its first foray into China, and privately held C Steinweg has expanded capacity there, sources said, as a financing scandal in a major Chinese port fuels …
IMF warns of potential risks to global growth
WASHINGTON (Reuters) – Sharply higher interest rates around the world could combine with weaker growth in emerging markets to slice as much as 2 percentage points off global growth in the next five years, the International Monetary Fund said on Tuesday…
NY Times forecasts further decline in print ad revenue
(Reuters) – The New York Times Co reported a dip in second-quarter revenue as print advertising revenue erased the previous quarter’s rise, and the company expects print ad revenue to continue to decline in the future.
