Lockheed buys German commercial airport services firm
WASHINGTON (Reuters) – Lockheed Martin Corp , the No. 1 U.S. arms maker, on Tuesday said it had acquired BEONTRA AG, a small German company that provides forecasting services for big commercial airports around the world, including Dubai, London and Fra…
U.S. housing starts fall, but permits rebound
WASHINGTON (Reuters) – U.S. housing starts fell for a third straight month in February, but a rebound in building permits offered some hope for the housing market as it struggles to emerge from a soft patch.
Barclays cuts share awards to top bosses by 20 percent
DUBLIN (Reuters) – Barclays has given its top dozen executives nearly 32 million pounds in share awards, 20 percent lower than a year ago, partly due to a drop in its stock price.
Volkswagen to spend over $1 billion on new van plant in Poland
WARSAW (Reuters) – Volkswagen is to spend nearly 3.4 billion zlotys ($1.1 billion) on setting up a new plant in Wrzesnia, Poland, which will produce its Crafter large delivery van, the company said on Tuesday.
European shares dip with investors wary of Ukraine, Fed
LONDON (Reuters) – European shares dipped and the safe-haven yen rose as investors kept a wary eye on the standoff over Crimea and a U.S. Federal Reserve meeting starting later on Tuesday.
China FDI data indicates sharp slowdown in February
BEIJING (Reuters) – China drew $19.3 billion in foreign direct investment (FDI) in the first two months of 2014, up 10.4 percent from a year earlier, the Commerce Ministry said on Tuesday, indicating a sharp slowdown in February due to the Lunar New Ye…
Inditex quietly grooms cut-price brand for budget battle
ARROYOMOLINOS, Spain (Reuters) – At the Xanadu shopping mall in Madrid’s suburbs, the indoor ski slope is busy with children but the designer stores are quiet. In this former mecca for high spenders, discount shop ‘Lefties’ looks like just another post…
Wal-Mart to let shoppers exchange used videogames
(Reuters) – Wal-Mart Stores Inc said it will allow shoppers to trade in used videogames for anything from groceries to gadgets across its 3,100 stores from March 26.
Men from Ukraine and New York indicted in U.S. cybercrime case
(Reuters) – Federal prosecutors on Monday announced the indictment of three men they accuse of being members of an international cybercrime ring that tried to steal at least $15 million by hacking into U.S. customer accounts at 14 financial institution…
GM recalls 1.5 million more vehicles; CEO says ‘terrible things happened’
DETROIT (Reuters) – General Motors Co announced new recalls of 1.5 million vehicles on Monday and in a virtually unprecedented public admission by a GM chief executive, Mary Barra acknowledged the company fell short in catching faulty ignition switches…
