Analysis: Lululemon’s next challenge: overseas growth
TORONTO (Reuters) – In a narrow, bustling street in Hong Kong’s trendy Soho district, a small Lululemon Athletica Inc test boutique is helping to lay the groundwork for what the premium yogawear maker sees as a promising avenue for growth.
U.S. aviation still stymied despite recall of FAA staff
(Reuters) – The U.S. government shutdown is blocking Boeing Co and Airbus from delivering aircraft to U.S. airlines and raising safety concerns, even though hundreds of furloughed workers are being recalled this week.
Chesapeake slashes 10 percent of jobs as CEO cuts largesse
HOUSTON (Reuters) – Chesapeake Energy Corp has slashed its workforce by 1,200 jobs this year, the country’s second-largest natural gas producer said on Tuesday, and the cutting has accelerated under new chief executive Doug Lawler.
Former Sentinel trader pleads guilty to fraud charges
(Reuters) – A former executive at Sentinel Management Group Inc pleaded guilty on Tuesday to defrauding customers out of more than $500 million before the futures brokerage collapsed in 2007.
U.S. ban on some Samsung products to go into effect
WASHINGTON (Reuters) – Some older Samsung Electronics Co smartphones and tablets could be taken off store shelves in the United States after the U.S. Trade Representative opted not to reverse a ban ordered because the devices infringe Apple Inc patents…
U.S. ban on some Samsung products to go into effect
WASHINGTON (Reuters) – Some older Samsung Electronics Co smartphones and tablets could be taken off store shelves in the United States after the U.S. Trade Representative opted not to reverse a ban ordered because the devices infringe Apple Inc patents…
Pentagon to withhold 5 percent of billings for Pratt’s F-35 engines
WASHINGTON (Reuters) – Jet engine maker Pratt & Whitney said on Tuesday it is working to fix the system it uses to provide the Pentagon with cost and schedule information, after the U.S. government decided to withhold 5 percent of future billings on four F-35 fighter engine contracts and a Navy deal.
Trial of Madoff employees in New York begins with jury selection
NEW YORK (Reuters) – The trial of five former employees of imprisoned swindler Bernard Madoff began on Tuesday with questions for dozens of potential jurors, including whether they were familiar with some of the most famous victims of the multibillion-…
Wave of Brazil hotel mergers brews as middle class grows
SAO PAULO (Reuters) – Mergers and acquisitions in Brazil’s thriving hotel industry are increasing ahead of soccer’s World Cup and the Olympics, as smaller players struggle to survive and leisure travel surges among the nation’s thriving middle class.
Analysis: Take HP’s slide personally, CEO Whitman tells employees
SAN FRANCISCO (Reuters) – When Hewlett-Packard Co was removed from the Dow Jones Industrial Average a month ago, Chief Executive Officer Meg Whitman sent an impassioned email to the company’s 300,000-plus employees.
