Category Archives: business

Bitcoin dips below $11,000 after setting another record high

LONDON (Reuters) – Bitcoin dipped back under $11,000 on Monday, coming off a record high just shy of $11,800 it hit on Sunday after a surge from less than $1,000 at the start of the year.

Source Article:

Volkswagen 'misused' me, accused executive tells judge

BERLIN (Reuters) – Volkswagen AG executive Oliver Schmidt, who is due to be sentenced this week in connection with the carmaker’s emissions scandal, has written to the judge to say he feels “misused” by the German company.

Source Article:

Italy financial police visit Gucci's offices in tax probe: source

MILAN (Reuters) – Italian tax police have visited the offices of fashion company Gucci for fiscal checks as part of an investigation by Milan prosecutors into suspected tax evasion, a senior source with direct knowledge of the matter said on Saturday.

Source Article:

Macy's ups seasonal hiring after strong start to holidays

(Reuters) – Macy’s Inc said on Friday said it had a strong start to the holiday shopping season and would hire an additional 7,000 temporary workers in anticipation of the demand continuing through Christmas.

Source Article:

VW brand lifts midterm profit outlook on higher-margin cars, cost cuts

WOLFSBURG, Germany (Reuters) – Volkswagen’s core autos division has raised its midterm outlook for profitability on cost cuts and a planned rollout of higher-margin models, and expects deliveries to hit a new record this year.

Source Article:

Apple accuses Qualcomm of patent infringement in countersuit

(Reuters) – Apple Inc on Wednesday filed a countersuit against Qualcomm Inc, alleging that Qualcomm’s Snapdragon mobile phone chips that power a wide variety of Android-based devices infringe on Apple’s patents, the latest development in a long-running dispute.

Source Article:

Arby's restaurant owner to buy Buffalo Wild Wings for $2.4 billion

(Reuters) – Arby’s restaurant owner Roark Capital Group will buy Buffalo Wild Wings Inc for $2.4 billion, months after an activist investor won seats on the chicken wing restaurant’s board following a proxy fight demanding management change.

Source Article:

Retail stocks keep rising after strong start to holiday sales

(Reuters) – Shares of retailers such as Macy’s Inc and Wal-Mart were up on Monday following a promising start to the holiday season and ahead of what is expected to be the largest U.S. online shopping day in history.

Source Article:

Automakers struggle with the future in Los Angeles

DETROIT (Reuters) – Car manufacturers’ attempts to square what U.S. consumers want against the clean vehicles regulators and investors demand will be on display in Los Angeles this week at an auto show that has moved away from calling itself just an auto show.

Source Article:

French minister 'shocked' by job cuts at Nestle's Galderma unit

PARIS (Reuters) – French Finance Minister Bruno Le Maire said on Saturday he was particularly “shocked” by Nestle’s plans to cut up to 450 jobs at its Galderma skin-health research plant in the south of France as the plant benefited from a research tax credit.

Source Article: