Adidas calls in fitness experts to revive Reebok
FRANKFURT (Reuters) – Reebok is turning to sponsorship deals with prominent fitness groups to try to revive a venerable name that has faded since it became part of Germany’s Adidas sportswear group eight years ago.
BP’s well control exec says he was unprepared for U.S. Gulf blowout
NEW ORLEANS (Reuters) – BP’s manager in charge of controlling the Macondo blowout in 2010 was never trained to permanently plug a ruptured oil well and said in court on Wednesday the British company was not fully prepared for the worst offshore oil spi…
Brazil’s Odebrecht bets on Mexico, eyes oil reform
MEXICO CITY (Reuters) – Brazilian conglomerate Odebrecht has an $8.1 billion investment plan to expand in Mexico’s petrochemical and infrastructure sectors, the chief executive of its Mexican business said on Wednesday.
U.S. companies warn of delays, furloughs from shutdown
NEW YORK (Reuters) – The U.S. government shutdown is beginning to hit the factory floor, with major manufacturers like Boeing Co and United Technologies Corp warning of delays and employee furloughs in the thousands if the budget impasse persists.
Wall Street ends lower on worries of prolonged shutdown
NEW YORK (Reuters) – Wall Street retreated on Wednesday, the second day of a partial U.S. government shutdown, as political wrangling in Washington raised investor concerns that the stoppage could be prolonged.
Mercedes-Benz sales jump 16 percent to all-time high in September: paper
FRANKFURT (Reuters) – Daimler’s luxury brand Mercedes-Benz sold the most cars in one month in its history in September, German paper Bild reported on Thursday.
UTC to furlough 4,000 workers if U.S. shutdown continues next week
(Reuters) – United Technologies Corp said it would be forced to furlough as many as 4,000 employees, if the U.S. government shutdown continues through next week.
UTC to furlough 4,000 workers if U.S. shutdown continues next week
(Reuters) – United Technologies Corp said it would be forced to furlough as many as 4,000 employees, if the U.S. government shutdown continues through next week.
Obama: Fed chair will prevent asset bubbles, focus on jobs
WASHINGTON (Reuters) – President Barack Obama said on Wednesday the person he selects to head the Federal Reserve when Chairman Ben Bernanke’s term ends in January will prevent asset bubbles from forming and try to bring down the unemployment rate.
Property database delay frustrates China’s anti-graft drive
BEIJING (Reuters) – China’s plan for a nationwide property database, once hailed as an antidote to corruption, has stalled amid resistance from local governments that illustrates the difficulty Beijing faces in driving through reforms to tackle widespr…
