Retailers agree on inspection standards for Bangladesh factories
NEW YORK (Reuters) – North American and European retailers announced Wednesday that they had agreed on fire and safety inspection standards for up to 2,000 factories in Bangladesh that supply such retailers as Gap , Wal-Mart and H&M .
Lockheed sees more clarity on Saudi naval buy in next months
DUBAI (Reuters) – Lockheed Martin Corp expects news about a multibillion dollar program to modernize the Saudi Arabian Navy in the next several months, senior company executives told Reuters at the Dubai Airshow on Wednesday after meetings with Saudi o…
French government to sue E.Leclerc over supplier relations
PARIS (Reuters) – The French government said on Wednesday it would sue retailer E.Leclerc before a Paris commercial court over what it described as unfair relations with its suppliers.
On China’s roads, where luxury risks becoming ordinary
GUANGZHOU, China (Reuters) – Luxury car dealers are resorting to offering customers massages, mini-golf and other gimmicks, hoping this will give them an edge in a ferociously competitive Chinese market where brand loyalty is less common than in the We…
Foreign investors eye airports as Indonesia rolls out welcome mat
JAKARTA (Reuters) – Indonesia’s need for more and better airports is drawing strong interest from foreign transport and construction companies, hungry for a slice of the action in one of world’s the fastest growing markets for air travel.
Tribune to cut 700 jobs at its newspaper division
(Reuters) – Tribune Co plans to cut 700 jobs, or about 6 percent of its workforce, mainly at its newspaper division, as the company readies to split apart its publishing assets from its broadcast TV stations.
BMW says has orders for nearly 10,000 of its electric i3 cars
LOS ANGELES (Reuters) – Luxury carmaker BMW has orders for nearly 10,000 of its i3 electric cars, the first of which were delivered in Germany last week, the company’s global sales chief, Ian Robertson, said at the Los Angeles Auto Show on Wednesday.
Ally Financial repays $5.9 billion in bailout aid: Treasury
WASHINGTON (Reuters) – Auto lender Ally Financial Inc has repaid the U.S. government $5.9 billion in federal bailout aid it received during the financial crisis, the Treasury Department said on Wednesday.
Marlboro maker Philip Morris to enter e-cigarette business
(Reuters) – Philip Morris International Inc plans next year to enter the electronic cigarette business, a $2 billion-plus global market identified by the maker of Marlboro cigarettes as its “greatest growth opportunity”.
U.S. regulator fines Cash America over debt collection
WASHINGTON (Reuters) – Payday lender Cash America International will refund consumers $14 million and pay a $5 million fine to settle civil allegations that it improperly pursued some customers’ debt and overcharged military service members, U.S. regul…
