Polar vortex chills January U.S. auto sales
DETROIT (Reuters) – Snow and bone-chilling weather likely hurt U.S. auto sales in January but should not prevent the industry from continuing its rebound, analysts said.
Panama Canal says extends talks with consortium to February 4
PANAMA CITY (Reuters) – The Panama Canal Authority said on Friday it had extended a window for talks with a Spanish-led consortium expanding the waterway aimed at ensuring work continues on the project, which faces huge cost overruns.
For companies, a rocky road ahead in emerging markets
CHICAGO/LONDON (Reuters) – International companies are taking steps to mitigate the effects of the turmoil in emerging markets, including hedging foreign currency exposure more aggressively, reducing some investment plans, cutting costs, and raising pr…
Exclusive: Chinese-backed Blu LNG slows down U.S. growth plans
LOS ANGELES (Reuters) – Blu LNG, one of the biggest names in the move to wean U.S. trucks off diesel onto natural gas, has laid off 20 percent of its staff, ousted several senior executives and slowed down development of fueling stations as it waits fo…
Volkswagen and Daimler at loggerheads over boardroom defection
BERLIN (Reuters) – German carmakers Volkswagen and Daimler are at loggerheads over the potential defection of a Daimler executive, whom VW wants to head up its trucks business but the CEO of Daimler has said cannot join a rival anytime soon.
Yellen to deliver second day of testimony on February 13
WASHINGTON (Reuters) – Incoming Federal Reserve Chair Janet Yellen will testify on the economy before the U.S. Senate Banking Committee on February 13, an aide for the panel said on Friday.
In India, would-be Microsoft CEO showed inquisitive streak
MUMBAI (Reuters) – In his university days in India, Satya Nadella, likely the next chief executive officer of Microsoft Corp, was a relentless questioner.
U.S. downgrades India aviation rating, hits Air India, Jet
NEW DELHI (Reuters) – U.S. authorities have downgraded India’s aviation safety rating, citing a lack of safety oversight, meaning Indian carriers cannot increase flights to the United States and face extra checks for existing ones.
U.S. consumer spending rose in December, confidence slips this month
WASHINGTON (Reuters) – U.S. consumer spending rose in December, but an ebb in consumer confidence and signs of cooling in factory activity this month suggested economic growth could moderate in the first quarter.
Wal-Mart cuts outlook due to store closings, Sam’s Club weakness
NEW YORK (Reuters) – Wal-Mart Stores Inc said on Friday that bad weather and reduced food stamp benefits in the United States had dragged down comparable-store sales in the fiscal fourth quarter, more than offsetting a positive bump from the holiday se…
