U.S. shoppers say storm did not drive them online
A majority of U.S. shoppers say they are shopping the same amount or less online this holiday season, despite web promotions and a weekend storm that struck the East Coast, according to a survey released on Monday. Read Full Article here.
Dubai World standstill seen in Jan, has $40 billion debt: source
Dubai World , faced with a $22 billion debt restructuring, told creditors it had $40 billion in total debts and will pitch a standstill proposal in mid-January, a banking source said on Monday. Read Full Article here.
Spyker shares soar as GM mulls new offer for Saab
Shares in Dutch luxury carmaker Spyker soared on Monday after the company made a new bid for General Motors's Swedish car brand Saab. Read Full Article here.
ConAgra profit beats Street, raises year view
ConAgra Foods Inc posted a higher-than-expected quarterly profit, as increased marketing and product improvements boosted results in its consumer foods business, and it raised its full year outlook. Read Full Article here.
Walgreen profit beats Street view, shares up
Walgreen Co, the largest U.S. drugstore chain, reported a nearly 20 percent jump in quarterly profit as growth in sales of prescription drugs and flu shots offset consumer cutbacks on discretionary items. Read Full Article here.
Safran/GE venture wins lucrative China plane deal
The CFM International aero-engines joint venture of French group Safran and General Electric has won a multi-billion dollar deal to supply engines for China's future C919 plane, Safran said on Monday. Read Full Article here.