Lidl postpones plan to open U.S. stores to 2018
BERLIN (Reuters) – German discount supermarket chain Lidl has delayed a plan to enter the U.S. market until 2018 after the surprise departure of two top executives last month.
Norwegian Air halts talks to buy Dreamliners, may quit Ireland
OSLO (Reuters) – Budget airline Norwegian Air has suspended talks on buying 20 Dreamliner planes from Boeing because of a delay in receiving U.S. backing for its long-haul plans, Chief Executive Bjoern Kjos said in a letter.
Toyota to move U.S. sales HQ to Texas from California
NEW YORK/DETROIT (Reuters) – Toyota Motor Corp. is moving its U.S. sales headquarters from southern California to suburban Dallas, according to two people familiar with the company’s plans.
JPMorgan reduces repo credit extension that concerns regulators
(Reuters) – JPMorgan , one of two large clearing banks in the tri-party repurchase agreement market, said on Monday that it had met targets to reduce risks of short-term loans of concern to the Federal Reserve Bank of New York and other regulators.
Japan to keep its share of production of Boeing’s new 777X aircraft
TOKYO (Reuters) – Boeing Co has lined up Japanese companies, including Mitsubishi Heavy Industries and Kawasaki Heavy Industries , to build one-fifth of its latest plane, the 777X, retaining Japan as its key Asian partner in commercial jetliners, two s…
Exclusive: Sinopec stalls petrochemical build-up as U.S. competition grows
BEIJING (Reuters) – China’s top refiner Sinopec Corp is scaling back billions of dollars in petrochemical investments in the face of growing U.S. competition in the sector and rising local opposition to oil and gas plants over environmental concerns.
Siemens to cut thousands of jobs as part of new strategy: report
FRANKFURT (Reuters) – A new strategy to be unveiled by Siemens on May 7 will include thousands of job cuts, Germany’s Manager Magazin Online reported on Monday, citing several senior Siemens managers.
Norwegian Air suspends talks to buy 20 new Boeing Dreamliners
OSLO (Reuters) – Low-cost carrier Norwegian Air has put on hold talks to buy 20 new Dreamliners from Boeing because of a delay in receiving U.S. Department of Transportation approval for its long haul plans, Chief Executive Bjoern Kjos said in a letter…
Russia-West tensions weigh on stocks, buoy oil prices
LONDON (Reuters) – World stocks steadied above 10-day lows on Monday, with investors holding back from making aggressive bets as tensions between Russia and the West over Ukraine showed no sign of easing.
Obama praises business deals, touts U.S. enterprise
KUALA LUMPUR (Reuters) – President Barack Obama watched over the signing of three business deals in Malaysia on Monday, using the opportunity to promote U.S. commercial expertise during a four-country swing through Asia.
