Lululemon says lawsuit wrongly suggests intent to sell sheer pants
NEW YORK (Reuters) – Lululemon Athletica Inc said it is implausible to believe it intended to sell hundreds of thousands of nearly sheer yoga pants and hope consumers wouldn’t notice, and that a securities fraud lawsuit claiming it did just that should…
U.S. small businesses add staff in November: NFIB
WASHINGTON (Reuters) – U.S. small businesses added jobs in November for the second straight month, bolstering the view that job gains across the economy were robust during the month.
Eni’s CEO first to meet with Iran oil minister
VIENNA (Reuters) – Paolo Scaroni of Italy’s Eni met with Iranian Oil Minister Bijan Zanganeh on Thursday, the first western oil CEO to meet publicly with the minister since last month’s interim nuclear deal.
Third-quarter growth revised up to 3.6 percent
WASHINGTON (Reuters) – The U.S. economy grew faster than initially estimated in the third quarter as businesses aggressively accumulated stock, but underlying domestic demand remained sluggish.
Airbus in bid to boost A340 value as asset guarantees loom
PARIS (Reuters) – Airbus and its engine makers have acted to try to shore up the value of second-hand A340 aircraft as the European planemaker tries to reduce its financial exposure to depressed market values of an aircraft that it no longer produces.
Unilever aims to reduce product assortment by 30 percent: CFO
LONDON (Reuters) – Consumer products giant Unilever Plc is aiming to reduce the number of individual products it sells by 30 percent by the end of 2014 as it makes its business more efficient, its chief financial officer said on Thursday.
Washington says won’t let trade deals water down financial regulations
WASHINGTON (Reuters) – The United States pledged on Thursday to keep any new free trade deal from weakening its financial regulations, and said it would press Europe and Asia to match U.S. efforts to make banking and securities trading safer.
ECB holds rates, focus shifts to new forecasts
FRANKFURT (Reuters) – The European Central Bank left interest rates unchanged on Thursday, pausing to assess the health of the euro zone recovery after taking action a month earlier in response to falling inflation, which is now abating.
Britain announces sharp upward revision to growth forecasts
LONDON (Reuters) – Britain’s government announced the biggest upgrade to official growth projections in more than a decade on Thursday, following the UK economy’s surprisingly strong turnaround.
China bars banks from bitcoin transactions
SHANGHAI (Reuters) – China’s government banned financial institutions from trading in bitcoin on Thursday, in what analysts said was a restrained first step towards regulating the digital currency that has exploded in popularity in China and soared in …
