Insight: Big trucks still rule Detroit in energy-conscious era
DETROIT (Reuters) – Five years into a remarkable rebound from near-disaster, the Detroit 3 automakers still count on sales of pickup trucks and SUVs in the North American market for the bulk of their global profits, despite efforts to shift buyers into…
Weak sales, more promotions hurt Sears
(Reuters) – Sears Holdings Corp reported a wider quarterly net loss on Thursday after sales fell at both its namesake department stores and its Kmart discount chain and it invested in more promotions targeting rewards members.
L’Oreal says travel retail boom creates ‘sixth continent’
PARIS (Reuters) – French cosmetics giant L’Oreal has created a new travel retail division to make the most of a 17-billion-euro ($23 billion) market that is booming as a new, moneyed middle class emerges from China to Brazil.
Germany’s EADS workers to stage walk-out on November 28
FRANKFURT/MUNICH (Reuters) – Members of Germany’s powerful IG Metall labor union will walk off the job at EADS sites next week to protest against a sweeping restructuring at the European aeronautics group that they fear will lead to thousands of job cu…
Tesla gets top marks in Consumer Reports satisfaction survey
DETROIT (Reuters) – Tesla Motors Inc won a near-perfect score for its Model S electric car in an annual owner-satisfaction survey conducted by influential magazine Consumer Reports and released Thursday.
Bangladesh approves wage hike for garment factory workers
DHAKA (Reuters) – Garment workers in Bangladesh will get a 77 percent pay increase from December as the government tries to end a wave of strikes that have roiled the world’s second largest clothing exporter in recent months.
BOJ’s Kuroda, upbeat on global outlook, says Japan recovery on track
TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said the U.S. and euro zone economies are gaining strength, seeking to dispel concerns among other policymakers that Japan’s export engine and broader recovery were vulnerable to weakness oversea…
Dubai air show closed due to rain, local flooding
DUBAI (Reuters) – The Dubai Airshow was closed on Thursday after heavy winds and rain hit the region overnight.
Bank trading rule under fire, Fed says could delay
WASHINGTON (Reuters) – U.S. regulators are considering whether to give banks more time to comply with the Volcker rule, which bans them from gambling with their own money, Federal Reserve Vice-Chair Janet Yellen said in a November 18 letter.
Credit Suisse sets up Swiss subsidiary as crisis lifeboat
ZURICH (Reuters) – Credit Suisse said on Thursday it was setting up a Swiss subsidiary by mid-2015, a move that would make it easier to break up the bank in the event of a severe crisis.
