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Thursday, August 10, 2017
Kohl's quarterly profit, comp sales beat estimates
(Reuters) - Department store operator Kohl's Corp reported better-than-expected quarterly profit and comparable sales, helped by a sales boost in the final month of the quarter and cost cuts, sending its shares up 4 percent in premarket trading.
VW Group, Tata Motors end talks on emerging markets cooperation
BERLIN/NEW DELHI (Reuters) - Cooperation talks between Germany's Volkswagen Group and India's Tata Motors about joint development of a car for emerging markets have ended amicably, the two companies said on Thursday.
VW's Skoda, Tata end cooperation talks after failing to hit cost targets
BERLIN (Reuters) - Volkswagen's Czech division Skoda said talks with India's Tata Motors on a strategic alliance have ended because the two carmakers failed to achieve planned cost savings.
Buoyant bitcoin stirs crypto-bubble fears
LONDON (Reuters) - Bitcoin and other "cryptocurrencies" are big money, virtually as big as Goldman Sachs and Royal Bank of Scotland combined.
Developers file antitrust complaint against Apple in China
BEIJING (Reuters) - A Chinese law firm has filed a complaint against Apple Inc on behalf of 28 local developers alleging the firm breached antitrust regulations.
Toymaker Lego returns to Danish roots with sudden CEO switch
COPENHAGEN (Reuters) - Lego abruptly removed its chief executive Bali Padda after just eight months on Thursday, replacing the 61-year-old Briton with a younger Danish industrialist in a battle to become the world's biggest toymaker.
Oil gains as inventory overhang erodes and Saudi cuts exports
LONDON (Reuters) - Oil prices rose on Thursday, lifted by a sustained decline in inventories and as Saudi Arabia prepared to cut crude supplies to its prized Asian customers.
North Korea nerves push stocks down for third day, lift gold
LONDON (Reuters) - World stocks fell for a third day on Thursday and investors moved again into the Swiss franc, yen and gold as North Korea ratcheted up tensions with the United States with a threat to land a missile just short of the U.S. territory of Guam.
Facebook makes new bid for TV viewers with expanded video
SAN FRANCISCO (Reuters) - Facebook Inc on Wednesday made its biggest move to date to compete in the television market by expanding its video offerings with programming ranging from professional women's basketball to a safari show and a parenting program.
VW labor leaders warn politicians not to put jobs in jeopardy
FRANKFURT (Reuters) - Volkswagen's powerful labor representatives on Thursday urged lawmakers not to use the carmaker as a political football ahead of national elections next month and risk threatening jobs in Germany.
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