South Africa union ends four-week auto components strike
JOHANNESBURG (Reuters) – South African trade union NUMSA said it had reached a deal to end a four-week strike in the auto components sector that has crippled production
Amazon’s German workers threaten strike before Christmas
FRANKFURT (Reuters) – Workers at Amazon.com’s German operations could strike during the Christmas holiday season in a dispute over pay that has been raging for months, a trade union has warned.
Italy to ask state railways to invest in Alitalia: press
MILAN (Reuters) – Italian Prime Minister Enrico Letta is sounding out the state-owned railway group Ferrovie dello Stato about taking a stake in money-losing airline Alitalia, Il Messaggero reported on Sunday.
Analysis: Brand-hungry LVMH seeks new niche as Vuitton flags
PARIS (Reuters) – Neverfull – the name of Louis Vuitton’s best-selling handbag – sums up well its parent LVMH: even if it snapped up all of the world’s last remaining independent luxury brands, it would still have room for more.
Exclusive: Russia’s VTB agrees deal to sell Rosbank stake to SocGen – source
MOSCOW (Reuters) – Russia’s second-largest bank VTB has agreed to sell its stake of around 10 percent in Societe Generale’s Russian unit Rosbank to the French bank, while SocGen will sell VTB a number of Russian assets, a source close to the deal said …
Wal-Mart says retail plans with India’s Bharti ‘not tenable’
NUSA DUA, Indonesia (Reuters) – Wal-Mart Stores Inc’s retail plans with India partner Bharti Enterprises are “not tenable” and both sides are looking for the best way to move forward, an executive with the U.S. retailer told Reuters.
GE sees 10-15 percent infrastructure growth in emerging markets
NUSA DUA, Indonesia (Reuters) – General Electric Co vice chairman John Rice said on Sunday that despite the shaky global economy, he expected the firm’s infrastructure businesses in emerging markets to post 10-15 percent growth in the next five to 10 y…
Memories of Facebook cloud Twitter’s IPO
SAN FRANCISCO (Reuters) – When Facebook Inc was preparing to go public last year, the telephones at Granite Investment Advisors rang off the hook as clients called about the social media’s company’s highly anticipated debut.
China gambles on theme park, whale sharks to lure punters from Macau casinos
HENGQIN ISLAND, China (Reuters) – It’s being touted as China’s answer to Orlando, a $5 billion resort and theme park complete with a mega rollercoaster and a whale shark tank situated on a sleepy southern island next to the world’s biggest gambling hub…
Ex-CBOT chief says he’s in Europe after warrant issued
CHICAGO (Reuters) – Former Chicago Board of Trade Chairman Patrick Arbor said on Saturday that he was in Europe, following a newspaper report alleging he had fled the United States to avoid paying millions of dollars to his ex-wife.
