Mexico competition watchdog signs off on AT&T's Iusacell buy

Mexico's competition regulator on Sunday approved AT&T Inc's $1.7 billion purchase of local cellphone company Iusacell, with unspecified conditions, a statement said.


American Apparel adopts new stockholder rights plan

Struggling retailer American Apparel Inc said it has adopted a new, one-year stockholder rights plan with a 10 percent trigger.

American Apparel

Saudi Arabia says won't cut oil output

Saudi Arabia said on Sunday it would not cut output to prop up oil markets even if non-OPEC nations did so, in one of the toughest signals yet that the world's top petroleum exporter plans to ride out the market's biggest slump in years.

Oil Field



Jobs & Career News

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

Fannie Mae

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.

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.

Japan export growth slows, maintains policy pressure on Abe

Japan's Prime Minister Shinzo 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.

Takata says has sufficient funds to deal with recalls: Nikkei

House Energy Committee Holds Hearing On Massive Takata Airbag Recall

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.

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).

Wall Street

Asian shares take cue from Wall Street's rally

Asian shares took their cues from Wall Street and kicked off a holiday-shortened week on a strong footing on Monday as oil prices recovered, while the euro touched a fresh two-year low against the greenback on divergent monetary policy expectations.


Sony hack puts Japan's Abe in bind over North Korea abductee talks

U.S. accusations that North Korea was behind the cyberattack on Sony Pictures could force Japan to choose between backing its ally Washington and keeping talks on track with Pyongyang about Japanese citizens abducted decades ago.

Asian Market

Asian stocks catch Wall Street tailwind

Asian markets looked set for another upbeat session on Friday after Wall Street boasted its biggest two-day advance since late 2011 amid relief the Federal Reserve was in no rush to start hiking interest rates.


Brazilian lawmakers urge indictments in Petrobras scandal

A congressional committee investigating a mushrooming corruption scandal at Brazil's state-run oil company Petroleo Brasileiro SA (PETR4.SA) recommended on Thursday that prosecutors bring charges against 52 people for alleged money laundering and racketeering.

American Apparel

American Apparel approached for possible buyout: WSJ

Clothing manufacturer American Apparel Inc (APP.A) has been approached by private equity firm Irving Place Capital for a possible takeover, The Wall Street Journal reported, citing sources.


Accenture raises full-year revenue forecast after strong first quarter

Consulting and outsourcing company Accenture Plc (ACN.N) raised its revenue forecast for fiscal 2015 after contract wins helped the company post better-than-expected first-quarter earnings and revenue.


Unilever drops mayonnaise suit against Just Mayo maker

Unilever Plc's (ULVR.L) (UNc.AS) U.S. division said it has withdrawn its lawsuit against food startup Hampton Creek over false advertising and unfair competition related to its Just Mayo product.


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

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

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.

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

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.

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