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Staples warns of weak sales on low demand for core office supplies

Staples Inc (SPLS.O) warned that its sales could fall in the current quarter as it sells fewer computers and core office supplies such as ink, toner and paper in North America amid stiff competition from online retailers and big-box chains.

Aug 20, 2014 3:16 PM EDT


Russian watchdog shuts four McDonald's restaurants in Moscow

Russia ordered the temporary closure of four McDonald's restaurants in Moscow on Wednesday, a decision it said was over sanitary violations but which comes against a backdrop of worsening U.S.-Russian ties over Ukraine.

Aug 20, 2014 3:14 PM EDT


Dollar General enters race for Family Dollar with $8.95 billion bid

Dollar General Corp offered to buy Family Dollar Stores Inc for $8.95 billion, trumping a bid by Dollar Tree Inc and aiming to strengthen its dominance of a growing segment of retailers serving penny-pinching customers.

Aug 19, 2014 3:07 PM EDT


China antitrust regulator fines two Japan auto parts makers

Two Japanese automotive bearings makers said on Tuesday a Chinese regulator has ordered them to pay fines for violating antitrust laws as Beijing intensifies its scrutiny of business practices in the auto sector.

Aug 19, 2014 3:03 PM EDT


U.S. consumer prices rise modestly in July

U.S. consumer prices barely rose in July as declining energy costs partially offset increases in food and rents, which could give the Federal Reserve ammunition to keep interest rates low for a while.

Aug 19, 2014 3:02 PM EDT


UK inflation falls more than expected; 2014 rate rise less likely

British inflation fell more than expected in July and surging house price growth slowed in June, making it less likely the Bank of England will raise interest rates this year.

Aug 19, 2014 3:00 PM EDT


Lehman's London staff win $300 million pensions fight

More than 2,400 former Lehman Brothers bankers based in Britain will have their pensions paid in full after winning a six-year battle to receive their money from parts of the collapsed U.S. investment bank.

Aug 19, 2014 2:59 PM EDT


Heinz recalls four batches of infant food in China

Ketchup maker H.J. Heinz Co has recalled some infant food in eastern China after it was found to contain lead in excess of the allowable limit, the company said on Monday.

Aug 19, 2014 2:57 PM EDT


GM expands website for owners of recalled vehicles

General Motors Co's (GM.N) website for owners of its vehicles recalled for faulty ignition switches has been expanded to include all 20 models involved, the automaker said.

Aug 19, 2014 2:55 PM EDT


U.S. housing market improving, inflation pressures muted

U.S. housing starts surged to an eight-month high in July, suggesting the nation's housing market recovery was back on track after stalling in the second half of last year.

Aug 19, 2014 2:54 PM EDT


Cost of raising a child in U.S. tops $245,000, USDA says

An average middle-income family in the United States can expect to spend about $245,000 over 18 years to raise a child born in 2013, the U.S. government estimated on Monday.

Aug 19, 2014 2:52 PM EDT


Former top Obama aide to lead Uber's global political campaign

Uber has enlisted David Plouffe, President Barack Obama's 2008 campaign advisor, to devise and run its global political and branding strategy, as the fast-growing car rides-on-demand firm runs into stiff resistance from taxi companies in some cities.

Aug 19, 2014 2:51 PM EDT