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Lower food prices weigh on Kroger’s profit forecast

(Reuters) – Kroger Co , the biggest U.S. supermarket chain, lowered the higher end of its full-year adjusted profit forecast amid falling food prices and increasing competition from rivals such

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Lower food prices weigh on Kroger’s profit forecast

November U.S. auto sales seen rising about 4 percent by analysts

DETROIT (Reuters) – Hefty consumer discounts during a robust Black Friday weekend helped boost November U.S. auto sales between 4 percent and 5 percent, which could catapult results this year above a record high in 2015, economists and industry analysts said.

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November U.S. auto sales seen rising about 4 percent by analysts

Separation anxiety: Trump’s management style poses challenges in Oval Office

It has proven one of Donald Trump's greatest strengths in building a worldwide luxury brand: An obsessive attention to detail, down to the curtains hanging in hotel rooms and the marble lining the lobby floor. “I'm very much involved in the details,” Trump said during a June deposition in a lawsuit stemming from his development of a Washington hotel. A former employee of the Trump Organization who has worked closely with Trump was skeptical that he could leave behind his beloved company after spending decades building it…

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Separation anxiety: Trump’s management style poses challenges in Oval Office

Oil price rally likely short-lived as OPEC deal not enough to reduce glut

“The cut by OPEC will be largely offset by increases in U.S. production where the rig count has already increased,” said India Oil Corp's Director of Finance A K Sharma. Higher oil prices and lower production costs are encouraging

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Oil price rally likely short-lived as OPEC deal not enough to reduce glut

Jobless claims rise to five-month high

WASHINGTON, Dec 1 (Reuters) – – The number of Americans filing for unemployment benefits rose more than expected last week, hitting their highest level in five months, but the underlying trend remained consistent with a strengthening labor market. Initial claims for state unemployment benefits increased 17,000 to a seasonally adjusted 268,000 for the week ended Nov. 26, the Labor Department said on Thursday. Despite the increase, claims remained below the 300,000 threshold, which is associated with a healthy…

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Jobless claims rise to five-month high

U.S. judge delays court hearing on Volkswagen 3.0-liter diesels

U.S. District Judge Charles Breyer on Tuesday delayed a court hearing set for Wednesday on Volkswagen AG's plan to address 80,000 polluting Audi, Porsche and VW 3.0-liter vehicles. Reuters reported on Nov. 15 that VW had reached an agreement with U.S. regulators for a mix of buybacks and fixes for the 80,000 vehicles, but still needed to reach agreement on other issues including compensation for owners. The agreement includes a buyback offer for about 20,000 older Audi and VW SUVs and a software fix for 60,000 newer Porsche, Audi and VW …

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U.S. judge delays court hearing on Volkswagen 3.0-liter diesels

U.S. probes hit defunct energy co linked to Platinum Partners

At least four U.S. agencies are investigating former officials of a now-bankrupt oil and gas company once majority owned by troubled hedge fund manager Platinum Partners, according to a legal filing submitted …

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U.S. probes hit defunct energy co linked to Platinum Partners

Ford takes Fiesta upmarket to lift profitability

Ford wants to raise profitability in Europe by adding higher-margin versions of the Fiesta subcompact, its best-selling regional model, the carmaker's top European executive said. High-volume carmakers such as Ford have for several years been squeezed in a downmarket expansion by luxury rivals including Daimler'…

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Ford takes Fiesta upmarket to lift profitability

Exclusive: Albertsons in advanced talks to buy Price Chopper – sources

U.S. supermarket chain Albertsons Companies Inc is in advanced talks to acquire closely held grocery store operator Price Chopper for around $1 billion, people familiar with the matter said on Tuesday. A deal would underscore the wave of consolidation sweeping the U.S. grocery industry, as regional chains struggle to compete against online retailers such as Amazon.com Inc , big box stores such as Wal-Mart Stores Inc , and discount chains such …

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Exclusive: Albertsons in advanced talks to buy Price Chopper – sources

Iran, Iraq at loggerheads with Saudis ahead of OPEC meeting

By Ahmad Ghaddar and Vladimir Soldatkin VIENNA (Reuters) – Iran and Iraq are resisting pressure from Saudi Arabia to curtail oil production, making it hard for the Organization of the Petroleum Exporting Countries to reach a deal to limit output and boost the price of crude when it meets on Wednesday. OPEC sources told Reuters a meeting of experts in Vienna on Monday failed to bridge differences between OPEC's de facto leader, Saudi Arabia, and the group's second- and third-largest producers over the mechanics of output …

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Iran, Iraq at loggerheads with Saudis ahead of OPEC meeting

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