Norwegian Air Dreamliner grounded in U.S. due to technical problems
OSLO (Reuters) – Budget airline Norwegian Air Shuttle said one of its Boeing Dreamliners was grounded in the United States, the latest in a string of technical problems to hit the new plane.
Bargain-hungry shoppers buy less on weekend before Christmas
ELMHURST, New York (Reuters) – U.S. consumers shopped less on the final weekend before Christmas despite deeper discounts, the latest sign of how difficult a season this is turning out to be for retailers.
Telecom Italia seen giving minority investors more say
MILAN (Reuters) – Telecom Italia is likely to have to give minority investors more say after narrowly surviving an attempt by rebel shareholders to throw out the board, potentially complicating decisions over its prized Brazilian business.
Cyprus on track, but paying down debt may hamper growth for a decade: IMF
(Reuters) – Cyprus’s efforts to extricate itself from its massive debt could weigh on output for the next decade, the IMF warned on Monday, in a review in which it said the island was well on track in its economic adjustment program.
Consumer sentiment up in December on improved economic outlook
NEW YORK (Reuters) – Consumer sentiment rose to its strongest in five months in December as Americans’ outlook on the economy and job prospects improved, a survey released on Monday showed.
Salary row prompts exit of Belgian group bpost’s CEO
BRUSSELS (Reuters) – The chief executive of bpost will leave the Belgian postal group citing a disagreement with the government, its largest shareholder, over his salary.
BAE finalizes South Korean F-16 upgrade deal, eyes more prospects
WASHINGTON (Reuters) – Britain’s BAE Systems Plc said on Monday it will hire 300 workers at its Fort Worth, Texas, plant and other sites to upgrade over 130 South Korean F-16 fighter jets after finalizing a deal with the U.S. government it hopes to rep…
Insight: AOL banks on HuffPost to turn profitable next year
NEW YORK (Reuters) – It’s the holiday season and Arianna Huffington, the influential woman behind the popular news website that bears her name, is busy buying sweaters – some 700 of them – as gifts to her employees.
Vale to push legal fight on Brazil tax on foreign units
SAO PAULO (Reuters) – Vale SA will keep fighting part of a Brazilian government tax claim in courts, which could help the world’s largest iron ore producer recover up to 22.325 billion reais ($9.6 billion) from a recent back-tax settlement.
Three French Total refineries in 11th day of pay strike
PARIS (Reuters) – Workers at three of Total’s five oil refineries in France extended a strike over pay into an 11th day on Monday after those at a fourth plant agreed at the weekend to return to work.
