TAG Heuer sees single-digit sales growth this year
CHEVENEZ, Switzerland (Reuters) – Swiss watch brand TAG Heuer expects single-digit sales growth this year and is aiming to outperform market growth estimated at about 5 percent in 2014, its head told Reuters on Tuesday.
Exclusive: EU to fine Deutsche, JPMorgan and others in rate probe – source
BRUSSELS (Reuters) – EU antitrust regulators are set to fine six global banks including Deutsche Bank, JPMorgan and HSBC after an investigation into the rigging of benchmark euro zone interest rates, a person familiar with the matter said on Tuesday.
Derivatives industry under the gun to amend contracts
LONDON (Reuters) – Central bankers and regulators have increased the pressure on the $630 trillion derivatives industry to alter how it operates to avoid a repeat of the mayhem seen after Lehman Brothers collapsed.
GM names ex-BMW, luxury goods executive to head Cadillac marketing
DETROIT (Reuters) – General Motors Co on Tuesday named a former BMW AG and German luxury goods company executive to spearhead Cadillac’s marketing efforts to strengthen its brand outside the United States.
AOL ad sales rise, but Patch websites weigh on profit
(Reuters) – AOL Inc reported higher-than-expected third-quarter revenue on increased advertising sales, but earnings fell sharply because of challenges at its network of community news websites known as Patch.
Weatherford to cut debt by up to $5 billion in two years
(Reuters) – Weatherford International will cut its debt by up to $5 billion in the next two years as it boosts cash flow and divests assets, the oilfield services company’s CEO said on Tuesday.
Barclays cuts 450 UK jobs at private bank and call center
LONDON (Reuters) – Barclays is to cut about 450 jobs in Britain as it axes a third of the private bankers who look after wealthy clients and closes one of its call centers.
GM names ex-BMW, luxury goods executive to head Cadillac marketing
DETROIT (Reuters) – General Motors Co on Wednesday named a former BMW AG and German luxury goods company executive to spearhead Cadillac’s marketing efforts to strengthen its brand outside the United States.
Freddie Mac defeats lawsuit over pre-crisis disclosures
NEW YORK (Reuters) – A federal appeals court on Tuesday upheld the dismissal of a shareholder lawsuit accusing Freddie Mac of concealing its precarious finances and its subprime mortgage exposure prior to the 2008 financial crisis.
Ford shuffles executive team, names new design chief
DETROIT (Reuters) – Ford Motor Co on Wednesday shuffled some of its management team, including naming a new design chief.
