Loehmann’s files for bankruptcy, plans sale to liquidators
NEW YORK (Reuters) – Loehmann’s, the 92-year-old discount clothing chain, has filed for bankruptcy protection for a third time and said it is prepared to sell its assets to a group of liquidators.
RBS ends 8 billion pound capital back-up with UK government
LONDON (Reuters) – Royal Bank of Scotland has cut itself free from an 8 billion-pound ($13 billion) capital tie to the British government, it said on Tuesday, following recent moves to strengthen its capital base.
Canada’s competition watchdog challenges Google’s search dominance
TORONTO (Reuters) – Canada’s Competition Bureau has filed a legal motion against Google Inc alleging that the company is abusing its dominant position in online search, joining U.S. and European anti-trust authorities in challenging the practices of th…
U.S. factory activity gains steam as production broadens
WASHINGTON (Reuters) – U.S. manufacturing output rose for a fourth straight month in November as production increased almost across the board, the latest suggestion the economy is gaining steam.
Ford prices key Lincoln MKC crossover below rivals
DETROIT (Reuters) – Ford Motor Co said on Monday that its upcoming Lincoln MKC crossover will start at $33,995, thousands of dollars cheaper than competing models as the No. 2 U.S. automaker attempts to shore up its flagging premium brand.
ECB ready to act if inflation stays low for too long: Draghi
BRUSSELS (Reuters) – The European Central Bank is ready to intervene if inflation remains low for too long, President Mario Draghi said on Monday, adding that he was certain the euro zone will escape the fate of Japan.
Regulator criticizes Deutsche Post letter pricing
DUESSELDORF, Germany (Reuters) – Deutsche Post DHL has until the end of the week to respond to criticism from Germany’s antitrust regulator over its pricing for major customers, a company spokesman said late on Monday.
Total reaches pay deal with two French unions
PARIS (Reuters) – Total’s French refining operations have reached a pay rise deal with two unions, isolating the hardline CGT union, the company and a union official told Reuters on Monday.
Insight: Ford ‘lifers’ get second chance as CEO readies exit
DETROIT (Reuters) – Every Wednesday, Ford Motor Co’s top executives gather before sunrise to work through some of the company’s most vexing problems. Notably absent is Chief Executive Alan Mulally.
General Motors to invest $1.3 billion in five U.S. plants
FLINT, Mich (Reuters) – General Motors Co said on Monday it will invest nearly $1.3 billion at five U.S. plants to make a new transmission and boost output for a planned new engine as well as add a vehicle paint shop.
