German union’s incoming boss warns VW about avoiding unions
HAMBURG, Germany (Reuters) – The incoming leader of an influential German union warned Volkswagen AG on Wednesday about trying to avoid unions in Tennessee, where the German automaker has an assembly plant.
Short sellers test the water on Twitter
NEW YORK (Reuters) – Short sellers are starting to circle around Twitter shares, data from SunGard Financial Systems showed on Wednesday, a sign some investors think the stock price will fall after the micro-blogging site had its market debut last week…
Three P&G leaders to leave in moves company says showcases ‘bench’
(Reuters) – Procter & Gamble Co on Wednesday announced that three long-time executives, including an adviser to Chief Executive A.G. Lafley and P&G’s chief technology officer, were leaving in changes the consumer products company said showcase how much talent it has waiting in the wings.
Analysis: Entrenched populism to slow Argentine reforms, even after Fernandez
BUENOS AIRES (Reuters) – Argentina’s next leader will likely try to end interventionist policies that scare off investment, although any reform effort is sure to hit a wall when it comes to cutting popular subsidies that also distort the economy.
Analysis: Time for Fed to accept that U.S. growth not what it used to be?
NEW YORK/SAN FRANCISCO (Reuters) – Year after year Federal Reserve policymakers have clung to a belief that the U.S. economy will soon regain its pre-recession stride. And year after year they have been wrong.
JPMorgan continues work on final deal with regulators, executive says
(Reuters) – A top executive at JPMorgan Chase & Co said on Wednesday that the bank continues to seek a final agreement with the government on a tentative settlement over liabilities for mortgage securities sold before the financial crisis.
Snapchat rejected $3 billion buyout offer from Facebook: report
SAN FRANCISCO (Reuters) – Mobile messaging startup Snapchat rejected an acquisition offer from Facebook Inc that would have valued the company at $3 billion or more, according to a Wall Street Journal report on Wednesday.
Regulator looks into Telecom Italia bond, Argentina stake sale
MILAN/ROME (Reuters) – Telecom Italia said officials from market regulator Consob, along with Italy’s financial police, were at its offices on Wednesday to gather details of its recent convertible bond issue and the sale of a stake in Telecom Argentina…
Crocs considering going private: source
(Reuters) – Crocs Inc , known for its colorful clogs, is considering going private, among other strategic options, a person familiar with the matter said on Wednesday.
Macy’s sales rise more than expected, helped by promotions
(Reuters) – Macy’s Inc on Wednesday reported a rebound in sales, helped by more promotions, and the U.S. department store chain said business was improving as the holiday season nears.
