Britain’s Asda says sales growth slows in tough grocery market
LONDON (Reuters) – Asda, Britain’s No. 2 grocery business to Tesco , said on Thursday that sales growth fell in the second quarter as family budgets remained under pressure.
Buffett’s Berkshire buys Suncor, Dish as stock bet grows
(Reuters) – Berkshire Hathaway Inc reported new stakes in Suncor Energy Inc and Dish Network Corp as the company run by Warren Buffett added billions of dollars of stock investments.
Ryanair sacks pilot for questioning safety on TV
DUBLIN (Reuters) – Ryanair has fired one of its senior pilots and is preparing legal action against him for questioning the airline’s safety record in a television interview, the company said on Thursday.
Analysis: One swallow doesn’t make a summer for euro zone
LONDON (Reuters) – The cheery freeze frame of the euro zone economy last quarter is no guarantee of a happy ending to what has been a horror movie for most of the single currency bloc since the onset of the great financial crisis.
Kohl’s same-store sales increase, shares rise
(Reuters) – Department store chain Kohl’s Corp reported a rise in quarterly comparable-store sales, boosting its shares, after downbeat sales reports from Wal-Mart Stores Inc and Macy’s Inc raised fears of a slowdown in consumer spending.
BP’s tough talk will backfire, Gulf spill lawyer says
LONDON (Reuters) – BP’s hard-line legal tactics aimed at capping the financial blowout from the 2010 Gulf of Mexico oil disaster will backfire, according to Joe Rice, negotiator of last year’s settlement on behalf of over 100,000 compensation claimants…
August U.S. homebuilder confidence close to eight-year high
NEW YORK (Reuters) – U.S. homebuilder confidence neared an eight-year high in August as limited supply of new and existing homes and strong buyer demand outweighed higher mortgage rates, data from the National Association of Home Builders on Thursday s…
U.S. industrial output unchanged in July
WASHINGTON (Reuters) – U.S. industrial production was unchanged in July as a decline in manufacturing output and utilities counteracted an uptick in mining activity.
U.S. consumer prices rise as expected in July
WASHINGTON (Reuters) – U.S. consumer prices rose as expected in July, which could comfort Federal Reserve officials worried about low inflation as they weigh trimming their massive bond buying program.
Germany poised to overtake U.S. as world’s No.2 exporter this year: DIHK
BERLIN (Reuters) – Germany could overtake the United States to become the world’s second-biggest exporter this year, but its share of global trade is likely to dip as its exports lag global expansion, German chambers of commerce said on Thursday.
