China December export growth slows
BEIJING (Reuters) – China’s export growth slowed more than expected in December due to a higher comparison base a year earlier and a clamp-down on speculative activities disguised as export deals, missing the official target on foreign trade.
VW brand sales up 3.3 percent in December on China demand
BERLIN (Reuters) – Germany’s Volkswagen increased sales at its core passenger-car brand by 3.3 percent in December to 535,200 autos, as volume growth in China offset shrinking demand in European markets.
Indonesia braces for impact of mineral export ban
JAKARTA (Reuters) – Indonesia’s government was scrambling to pass last-minute regulations to limit the impact of a controversial ban that could halt billions of dollars worth of unprocessed mineral ore exports from Sunday.
SAC’s Martoma tried to cover up fraud at Harvard, documents show
NEW YORK (Reuters) – Years before he was accused of insider trading, former SAC Capital Advisors portfolio manager Mathew Martoma forged a Harvard transcript, falsified an email, and created a dummy forensic computing company to try to cover his tracks…
Holiday sales plunge at Sears U.S., Kmart stores
NEW YORK (Reuters) – Sears Holdings Corp’s sales are slipping faster and faster.
Apollo raises largest PE fund since financial crisis
NEW YORK (Reuters) – Apollo Global Management LLC said on Thursday it had completed fundraising for its latest flagship global private equity fund, amassing $17.5 billion from investors, the most any such fund has raised since the financial crisis.
Machinist union members file unfair-labor charges against Boeing
NEW YORK (Reuters) – Members of the Seattle-area machinists union have filed unfair labor practice charges against Boeing Co , alleging the company interfered with their rights to vote freely on a contract offer by threatening to move their jobs out of…
Alcoa to pay $384 million to settle Bahrain bribery charges
(Reuters) – Alcoa Inc and a joint venture it controls have agreed to pay $384 million to resolve charges of bribing officials of a Bahraini state-controlled aluminum smelter, marking one of the largest U.S. anti-corruption settlements of its kind.
Wall St. finishes flat on caution before U.S. jobs data
NEW YORK (Reuters) – U.S. stocks ended little changed on Thursday in a choppy session ahead of Friday’s payrolls report, which may provide insights into whether the Federal Reserve will announce another cut in quantitative easing at its meeting this mo…
Discounts slam U.S. retailers’ holiday season profits
NEW YORK (Reuters) – Many large U.S. retailers slashed their earnings forecasts on Thursday because of steep discounts they offered during the holidays to persuade reluctant consumers.
