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VW says talks to end supplier dispute will resume on Monday

August 21, 2016 by · Leave a Comment 

Volkswagen is seeking a negotiated settlement with suppliers in a dispute over contracts that is halting production at some of its plants and talks will resume on Monday, the German carmaker said. “Naturally, we remain in talks with the suppliers,” a VW spokesman said, adding that the negotiations had run late into the night

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VW says talks to end supplier dispute will resume on Monday

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Apple boss Cook to tap Indian software talent during maiden visit

May 17, 2016 by · Leave a Comment 

By Himank Sharma and Rupam Jain MUMBAI/NEW DELHI (Reuters) – Apple Inc is set to announce plans to expand its Indian software development center and build an accelerator program for local start-ups, two sources aware of the investment said on Tuesday, hours before Chief Executive Tim Cook's maiden visit. Cook, who arrives in India late on Tuesday, is making his Indian debut just as the country emerges as one of…

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Apple boss Cook to tap Indian software talent during maiden visit

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Oil near six-month high as outages support

May 17, 2016 by · Leave a Comment 

By Alex Lawler LONDON (Reuters) – Oil traded at around $49 a barrel on Tuesday within sight of a six-month high, supported by supply outages in Nigeria, Canada and other producers that are eroding a persistent glut. “Globally, there are still a lot of supply disruptions and this comes on top of natural declines,” said Olivier Jakob, oil analyst at Petromatrix. “It does bring forward the expected rebalancing in the second half.” Beside unplanned outages, supply from…

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Oil near six-month high as outages support

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Home Depot raises forecasts after strong start to the year

May 17, 2016 by · Leave a Comment 

“After last week's dismal set of retail trading updates, Home Depot provides some much needed relief and also an indication of where consumers are spending their money,” Håkon Helgesen, an analyst at research firm Conlumino, said in a note. Home Depot said its strong start to the year was helped by “week-to-week demand spikes caused by weather variability

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Home Depot raises forecasts after strong start to the year

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Uber’s real estate footprint unmatched among S.F. Bay Area startups

March 1, 2016 by · Leave a Comment 

By Heather Somerville SAN FRANCISCO (Reuters) – Uber's new Oakland headquarters is about four times bigger than Internet radio service Pandora Media's office nearby, and will house about five times the number of employees that ride-hailing competitor Lyft has at its headquarters. The on-demand ride service paid $123.5 million for Oakland's historic Sears building last year and has so far filed building permits to complete at least $2 million in renovations, according to BuildZoom, a startup that compiles construction and remodeling contractor…

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Uber’s real estate footprint unmatched among S.F. Bay Area startups

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Fed’s Dudley sees risks to U.S. economic outlook tilting to downside

March 1, 2016 by · Leave a Comment 

An influential Federal Reserve official on Tuesday said he sees downside risks to his U.S. economic outlook, an assessment that could flag a longer pause before the Fed's next interest-rate hike than he and his colleagues had earlier signaled. “At this moment, I judge that the balance of risks to my growth and inflation outlooks may be starting to tilt slightly to the downside,” New York Federal Reserve President William Dudley said in remarks at a conference in Hangzhou, China sponsored by…

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Fed’s Dudley sees risks to U.S. economic outlook tilting to downside

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Sam’s Club hires regional buyers, sees ‘local’ food as key in upscale shift

March 1, 2016 by · Leave a Comment 

Sam's Club, the warehouse club unit of Wal-Mart Stores Inc, is building a team of regional U.S. buyers to bring in more local and organic groceries, a strategy used by …

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Sam’s Club hires regional buyers, sees ‘local’ food as key in upscale shift