U.S. retail sales up at start of holiday season: data
(Reuters) – U.S. shoppers visited more stores and spent more money at brick-and-mortar sites across Thanksgiving Day and “Black Friday” than they did in 2012 while online sales set records, data showed on Saturday.
East African trade bloc approves monetary union deal
KAMPALA (Reuters) – The leaders of five East African countries signed a protocol on Saturday laying the groundwork for a monetary union within 10 years that they expect will expand regional trade.
Thyssen announces capital increase as U.S. deal sealed
FRANKFURT (Reuters) – ThyssenKrupp is selling its U.S. plant to two rivals in a long-awaited deal to help extricate the German steelmaker from an ill-fated boom-year expansion plan, and said it plans to raise up to 1 billion euros ($1.36 billion) in a …
China may see IPO thaw in 2014 as regulator smoothes approval process
SHANGHAI (Reuters) – China’s securities regulator could streamline its approvals process for some initial public offerings (IPO) by next January, the regulator said on Saturday, mapping out reform measures.
U.S. Thanksgiving shopping binge brings Black Friday hangover
By Suzanne Barlyn, Phil Wahba, Marina Lopes and Dhanya Skariachan
Illinois union leaders bash pension plan as details emerge
CHICAGO (Reuters) – Illinois union leaders on Friday criticized the details of a controversial deal to reform the state’s woefully under-funded public pensions, as legislative leaders revealed more specifics of the deal they reached on Wednesday.
ArcelorMittal, Nippon Steel to buy Thyssen U.S. plant for $1.55 billion
FRANKFURT (Reuters) – Arcelormittal and Nippon Steel & Sumitomo Metal Corp agreed to buy ThyssenKrupp’s steel plant in the United States for $1.55 billion, ArcelorMittal said late on Friday.
Bank of England’s Carney warns house-buyers on rates: newspaper
LONDON (Reuters) – Bank of England Governor Mark Carney has warned would-be British homeowners to consider the risks of higher interest rates, amid concerns that rising house prices could create a property market bubble, a newspaper reported on Friday….
WestJet pilots reject tentative deal; strike not expected
TORONTO (Reuters) – Pilots at WestJet Airlines Ltd turned down a tentative agreement with the company, Canada’s second largest airline said on Friday, but the airline said no labor disruption was expected.
Amazon Germany says more worried about snow than strikes
HAMBURG (Reuters) – Amazon.com Inc has no intention of bowing to pressure from striking workers in Germany, its second biggest market behind the United States, and is more worried about bad weather hurting Christmas deliveries, its country head said.
