usa

Loss of U.S. boss seen hitting VW turnaround, but not talks with regulators

By Andreas Cremer BERLIN (Reuters) – The departure of Volkswagen's U.S. boss is a blow to the carmaker's attempts to revive sales after its emissions test cheating scandal, but should not disrupt its efforts to strike a deal with U.S. regulators, analysts and sources told Reuters. Michael Horn, whose surprise departure from the helm of Volkswagen Group of America was announced late on Wednesday, was not on the teams negotiating with U.S. regulators over a fix for almost 600,000 vehicles…

See the original post here:
Loss of U.S. boss seen hitting VW turnaround, but not talks with regulators

usa

Sharp’s banks set to offer additional aid as part of Foxconn deal: source

By Taro Fuse TOKYO (Reuters) – Sharp Corp's two main banks are set to lower interest rates on billions of dollars in loans and offer other financial support as part of a planned takeover by Taiwan's Foxconn, a source with direct knowledge of the plan said. The core banking units of Mitsubishi UFJ Financial Group Inc and Mizuho Financial Group Inc have extended the vast majority of Sharp's 510 billion yen ($4.5 billion) in syndicated loans which are…

See the original post here: 
Sharp’s banks set to offer additional aid as part of Foxconn deal: source

usa

China’s ZTE says suppliers need to apply for U.S. export license

By Donny Kwok HONG KONG (Reuters) – Chinese telecommunications equipment maker ZTE Corp said on Wednesday its suppliers must seek licences to provide materials, in line with newly imposed U.S. restrictions on the company. The news, confirming a Reuters report on Tuesday, comes a day after the U.S. Commerce Department slapped export restrictions on ZTE for alleged Iran sanctions violations, a move that is expected to disrupt its sprawling global supply chain. The U.S. …

Original post: 
China’s ZTE says suppliers need to apply for U.S. export license

usa

Handbag maker Kate Spade’s same-store sales top expectations

(Reuters) – Handbags and accessories maker Kate Spade & Co reported better-than-expected quarterly sales at established stores, driven by demand for its kate spade new york line of products.

See the original post: 
Handbag maker Kate Spade’s same-store sales top expectations

usa

Fiat Chrysler February U.S. sales rise 12 percent

By Bernie Woodall DETROIT (Reuters) – Fiat Chrysler Automobiles February U.S. auto sales rose 12 percent as the carmaker again showed strong Jeep SUV and Ram truck sales. Sales for Jeep's six SUV models rose 23 percent,

View original here: 
Fiat Chrysler February U.S. sales rise 12 percent

usa

Strong U.S. durable goods orders offer hope for manufacturing

While other data on Thursday showed new applications for unemployment benefits increased last week, they remained below levels associated with a tightening labor market. The Commerce Department said orders for durable goods, items ranging from toasters to aircraft meant to last three years or more,

Read more here:
Strong U.S. durable goods orders offer hope for manufacturing

usa

As U.S. shale sinks, pipeline fight sends woes downstream

By Tom Hals WILMINGTON, Del. (Reuters) – Within weeks, two low-profile legal disputes may determine whether an unprecedented wave of bankruptcies expected to hit U.S. oil and gas producers this year will imperil the $500 billion pipeline sector as well. In the two court fights, U.S. energy producers are trying to use Chapter 11 bankruptcy protection to shed long-term contracts with the pipeline operators that gather and process shale gas before it is delivered to consumer markets. The attempts to shed the contracts by Sabine …

Read the original here: 
As U.S. shale sinks, pipeline fight sends woes downstream

usa

Volkswagen faces Tuesday U.S. deadline for SUV emission repair plan

WASHINGTON (Reuters) – Volkswagen AG faces a Feb. 2 deadline to submit a repair plan for 80,000 diesel SUVs and larger cars that emit excess pollution, even as it considers buying back some vehicles and a prior fix plan for smaller vehicles was rejected.

Read more from the original source:
Volkswagen faces Tuesday U.S. deadline for SUV emission repair plan

usa

Bacardi demands U.S. explain giving Havana Club brand to Cuba

Bacardi on Monday sought U.S. records to explain the U.S. government's decision to strip the spirits company of its right to the Havana Club brand name and hand it back to a Cuban state company partnered with a global rival. Bacardi's Freedom of Information Act request is …

View original post here: 
Bacardi demands U.S. explain giving Havana Club brand to Cuba

usa

U.S. consumer, housing data underscore economy’s resilience

There are, however, signs the malaise from manufacturing and export-oriented industries is starting to filter into the services sector, with data on Tuesday showing activity in that vast sector hit a one-year low in January. The Conference Board said its consumer confidence index rose to 98.1 this month from 96.3 in December as …

Originally posted here:
U.S. consumer, housing data underscore economy’s resilience

« Previous Page — Next Page »