Top Herbalife salesman acknowledges high failure rate in video

A top Herbalife salesman said that most people who sell the company's weight loss and nutrition products are doomed to fail, adding fresh grist to accusations by a hedge fund manager that the company is a fraud


Boeing to make 754 commercial jet deliveries in 2015: trade group

Boeing Co (BA.N) will deliver a record 754 commercial aircraft in 2015, an increase of up to 5.5 percent, the U.S. Aerospace Industries Association forecast on Wednesday, reflecting expectations of steadily rising production at the world's biggest plane maker.

Military Leaders Speak At The Association Of The United States Army Annual Meeting

In South Korea, IKEA opens biggest store to lure tiny households

Iconic Swedish furniture retailer IKEA built its biggest store in the world to serve South Korea's shrinking households, targeting millions of people living alone with Korea-only items like super-sized single beds and in-store kimchi rice.

IKEA To Raise Minimum Wage At US Stores By An Average Of 17 Percent



Jobs & Career News

Volvo to launch online car sales in marketing shift


Volvo Car Corp said it will start selling vehicles online as it rolls out new models to compete with German luxury rivals such as BMW (BMWG.DE).

VW's Bentley raises car sales target on new models: report


Volkswagen's ultra-luxury brand Bentley has raised its target for sales as the British carmaker plans to add models such as its first ever sport-utility vehicle, Frankfurter Allgemeine Zeitung reported on Monday.

Oil price slide roils emerging markets, yen rises

Stock Market

Oil prices touched fresh 5-1/2-year lows on Monday, spurring an emerging market selloff as demand for the safe-haven yen picked up while European stocks stabilised after their worst week since 2011.

China to lower import taxes for some goods from January


China will adjust its import and export taxes from Jan. 1 as part of a larger effort to re-order trade to foster economic growth, the Finance Ministry said on Tuesday.

Standard Chartered to sell Hong Kong consumer business to Pepper-linked consortium: sources

Standard Chartered

Standard Chartered (STAN.L) has agreed to sell its Hong Kong-based consumer finance business to a consortium that includes Pepper Australia Pty Ltd and a Chinese group, in a deal estimated between $600 million to $700 million, two people with knowledge of the deal said.


Nissan recalls autos in Mexico to check Takata air bags

Nissan Motor Co Ltd (7201.T) said on Wednesday it has ordered the recall of more than 80,000 vehicles sold in Mexico to check for potential defects stemming from air bags made by Japanese company Takata Corp (7312.T).

House Energy Committee Holds Hearing On Massive Takata Airbag Recall

Takata says has sufficient funds to deal with recalls: Nikkei

Air bag maker Takata Corp (7312.T) has sufficient funds to deal with a global recall that has climbed to about 21 million vehicles after five deaths linked to its products, the company executive told the Nikkei newspaper.

Japan's Prime Minister Shinzo Abe

Japan export growth slows, maintains policy pressure on Abe

Japan's exports grew for a third straight month in November from a year earlier, but much more slowly than expected and despite a sharp fall in the yen, maintaining economic policy pressure on Prime Minister Shinzo Abe days after his ruling coalition's big election win.


Honda ran tests on fatal air bag flaw, frustrated by Takata reticence: sources

Honda Motor Co (7267.T) was so concerned by mounting recalls for Takata (7312.T) air bags, and frustrated by its supplier's failure to explain why some have exploded, killing five people with shrapnel, that it bought used and scrapped cars in Japan to conduct its own tests.

Fannie Mae

Fannie Mae, Freddie Mac to lose market share to private capital: CBO

America's government-controlled mortgage finance giants, Fannie Mae and Freddie Mac, will likely guarantee a shrinking share of new loans over the next decade, congressional analysts said on Tuesday.


GE sees 2015 profit pressured by 'sluggish' oil business

General Electric Co gave a 2015 profit forecast range on Tuesday that barely included Wall Street's target as the U.S. conglomerate braced for a "sluggish" oil and gas sector due to plunging crude prices.


Philips to buy medical device maker Volcano for $1.2 billion including debt

Philips (PHG.AS) will acquire Volcano Corp (VOLC.O), a U.S.-based medical device maker, for $1.2 billion including debt, to expand in the image-guided therapy market.

Sony Pictures Entertainment

Sony Pictures warns staff on fraudsters misusing stolen data

Sony Pictures Entertainment advised its current and former employees to be on the alert for fraudsters looking to use their stolen data, which included detailed personal information.


Vodafone to get C$850 million Canada finance, mainly for BlackBerry

British mobile phone operator Vodafone Group PLC (VOD.L) will get C$850 million ($726 million) in Canadian trade financing to help it buy enterprise services from BlackBerry Ltd (BB.TO), Ottawa said on Tuesday.

Oil Rigs

Apache to sell stakes in LNG projects to Woodside for $2.75 billion

Apache Corp (APA.N) has agreed to sell stakes in two liquefied natural gas developments, Wheatstone in Australia and Kitimat in Canada, for $2.75 billion to Woodside Petroleum (WPL.AX), which "stress-tested" the projects against low crude prices before signing up to buy them.

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