Analysis: Men’s Wearhouse alterations could backfire on retailer
NEW YORK (Reuters) – If Men’s Wearhouse Inc was hoping that activist shareholder Eminence Capital LLC was going to go away quietly after the retailer boosted its anti-takeover defenses, it’s likely to be sorely disappointed.
Fisker Automotive failure could hit U.S. taxpayers for years to come
WILMINGTON, Delaware (Reuters) – The bankruptcy of Fisker Automotive could end up costing the U.S. government much more than the $168 million it loaned to the maker of the Karma plug-in hybrid sports car.
Wal-Mart names McMillon to replace Duke as CEO
(Reuters) – Wal-Mart Stores Inc named the head of its international division, Doug McMillon, to replace Chief Executive Mike Duke, who will retire on January 31 after five years at the helm of the world’s largest retailer.
Chrysler won’t go ahead with IPO in 2013: Fiat
MILAN (Reuters) – The planned stock market listing of Fiat’s U.S. unit Chrysler will not take place this year, the Italian carmaker said on Monday, prolonging the uncertainty over its chances of buying out the rest of the company.
BlackBerry replacing CFO; two other top execs leaving
TORONTO (Reuters) – BlackBerry Ltd said on Monday that three top executives, including its chief financial officer, are stepping down as part of a widely expected shake-up after it named an interim chief executive and shelved plans to sell itself.
WTO talks fail to agree on global trade deal text
GENEVA (Reuters) – Marathon talks on the World Trade Organization’s first-ever worldwide trade reform in Geneva failed early on Monday to agree on a text to put to ministers who meet in Bali next month.
Economists trim short-term U.S. growth forecasts: survey
NEW YORK (Reuters) – Economists trimmed their forecasts for U.S. economic growth in the final quarter of the year and the first three months of 2014 but predicted A slightly higher rate of job growth over the next four quarters.
H&M aims to pay all textile workers “living wage” by 2018
BERLIN (Reuters) – Hennes & Mauritz , the world’s second-largest clothing retailer, laid out a plan on Monday to pay a fair “living wage” to some 850,000 textile workers by 2018, saying governments were acting too slowly.
Sinopec reshuffles refineries, diverts tankers after blast
BEIJING (Reuters) – Asia’s top oil refiner Sinopec has cut production for at least two of its refineries in China’s eastern Shandong province after the pipeline blast which killed 55 people on Friday, industry sources said.
Peugeot to name Tavares as CEO-in-waiting – sources
PARIS (Reuters) – PSA Peugeot Citroen is poised to name former Renault No.2 Carlos Tavares as its next chief executive, sources with knowledge of the matter said, in a move that may help to secure new funding from Chinese partner Dongfeng .
