Peugeot cuts product line and costs in turnaround plan
PARIS (Reuters) – PSA Peugeot Citroen will nearly halve its product line and focus investment on new technology in an attempt to return to profit, the struggling carmaker’s new boss Carlos Tavares said on Monday.
Twitter CEO, co-founders not to sell shares after lockup ends
(Reuters) – Twitter Inc co-founders, Jack Dorsey and Evan Williams, and Chief Executive Richard Costolo have informed U.S. regulators that they did not plan to sell the microblogging company’s shares after post-IPO restrictions are lifted in May.
Housing industry asks $5 trillion question: what does Watt want?
WASHINGTON (Reuters) – The U.S. housing industry has waited three months to find out how Mel Watt will govern taxpayer-owned mortgage companies Fannie Mae and Freddie Mac , and has been frustrated by his silence.
Gucci takes direct control of Moscow shops
MILAN (Reuters) – Italian fashion and leather brand Gucci will take direct control of its shops in Moscow and open two new points of sale in the Russian capital, the company said on Monday.
Walgreen under shareholder pressure to relocate to Europe: FT
(Reuters) – U.S. drugstore chain operator Walgreen Co is under pressure from a group of shareholders to consider relocating to Europe to gain tax benefits, the Financial Times reported.
GM’s Opel unit may break even before 2016: WSJ
(Reuters) – General Motors Co’s loss-making European unit, Opel, may break even before its 2016 deadline, the Wall Street Journal reported, following an interview with the unit’s chief executive, Karl-Thomas Neumann.
Renewed Ukraine tension deals another blow to battered stocks
LONDON (Reuters) – There was no let-up for bruised share markets on Monday as growing fears of a military conflict in Ukraine followed last week’s heavy sell-off on Wall Street, Tokyo and major European exchanges.
GE Capital seen ripe for more slimming after credit card IPO
(Reuters) – As General Electric Co starts spinning off its consumer credit card business, some on Wall Street are hoping that the U.S. industrial conglomerate will eventually slim down its GE Capital finance unit even further.
World trade picture improves but 2014 still below trend: WTO
GENEVA (Reuters) – The World Trade Organization slightly raised its 2014 forecast for growth in global goods trade to 4.7 percent on Monday, saying it did not expect a return to the historical trend level of 5.3 percent until 2015.
Spread better IG extends trading hours for U.S. stocks
LONDON (Reuters) – Financial spread betting company IG Group has extended its trading hours on over 20 major U.S. stocks to help investors to make the most of trading opportunities during earnings season, it said on Monday.
