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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

News

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.

News

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.

News

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.

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

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

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

Porsche prevails at U.S. appeals court over VW short squeeze

Porsche Automobil Holding SE persuaded a U.S. federal appeals court to uphold the dismissal of a lawsuit by more than 30 hedge funds that accused the German automaker of fraudulently cornering the market in Volkswagen AG shares.

Aug 15, 2014 3:39 PM EDT

FedEx indicted on new criminal charges in online pharmacy case

FedEx Corp faces a new charge of conspiring to launder money in a U.S. criminal case over the company's drug deliveries for rogue online pharmacies despite warnings from law enforcement.

Aug 15, 2014 3:30 PM EDT

Exclusive: Bombardier, Hitachi lead bids for Finmeccanica's rail units - sources

Canadian plane and train maker Bombardier and Japanese industrial giant Hitachi are the two frontrunners to buy Finmeccanica's rail subsidiaries, several sources close to the auction process said.

Aug 15, 2014 3:28 PM EDT

Electrolux in talks to buy GE's appliances business

World number two home appliances maker Electrolux said on Thursday it was in talks to buy General Electric's household appliances business.

Aug 14, 2014 1:52 PM EDT

Wall St. edges up after Putin comments, Cisco falls

U.S. stocks edged higher on Thursday after conciliatory comments by Russian President Vladimir Putin eased concerns about the country's tense situation with Ukraine and overshadowed signs of weakness in the European economy.

Aug 14, 2014 1:51 PM EDT

GM to invest $2.8 billion in Brazil in five years: CEO

General Motors Co will invest 6.5 billion reais ($2.8 billion) in Brazil over the next five years, Chief Executive Officer Mary Barra said on Thursday.

Aug 14, 2014 1:49 PM EDT

Deutsche Bank, BayernLB agree to settle $810 million U.S. suit

Deutsche Bank, Germany's largest bank, and state-backed lender BayernLB [BAYLB.UL] have agreed to settle an $810 million lawsuit in connection with residential mortgage-backed securities, or RMBS, that Deutsche sold to BayernLB.

Aug 14, 2014 1:48 PM EDT