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(Reuters) -Goodyear Tire & Rubber Co said on Tuesday that it will sell its Dunlop brand to Japan’s Sumitomo Rubber Industries for $701 million in cash as part of a plan to streamline its business. The sale covers the Dunlop brand and its trademarks in Europe, North America and Oceania, the company said. Goodyear said …

Tire maker Goodyear to sell Dunlop brand to Japan’s Sumitomo Rubber for $701 million Read More »

(Reuters) – Australian law firm Maurice Blackburn said it had filed a class action lawsuit against U.S. carmaker General Motors’ local unit, alleging the transmission systems of certain models of its now-defunct GM Holden brand were defective. The class action covers people who bought certain models of Holden vehicles between Jan. 1, 2011 and Dec. …

GM faces class action in Australia over Holden transmission issues Read More »

By Iain Withers LONDON (Reuters) – U.S. stocks look set to extend their outperformance this year driven by the financial firepower of big tech firms and investor friendly policies under a second Donald Trump presidency, the CEO of State Street’s asset management arm said on Wednesday. Some investors believe Trump’s agenda of tax cuts and …

US equity ‘exceptionalism’ to continue, State Street asset management CEO says Read More »

By David Lawder and Shivani Tanna (Reuters) -U.S. President-elect Donald Trump is considering declaring a national economic emergency to provide legal justification for a series of universal tariffs on allies and adversaries, CNN reported on Wednesday, citing unnamed sources familiar with the matter. The move will allow Trump to build a new tariff program by …

Trump mulls economic emergency declaration to back universal tariff plans, CNN reports Read More »

By Ananya Mariam Rajesh (Reuters) -Albertsons executives focused on moving on from its scuttled merger with Kroger on Wednesday, as the supermarket chain raised its profit forecast and its CEO talked up investments meant to weather competition from bigger retailers. The company, which sued Kroger in December after the $25 billion deal was terminated, is …

Albertsons raises profit forecast as it moves on from Kroger Read More »

By Howard Schneider WASHINGTON (Reuters) -Inflation should continue falling in 2025 and allow the U.S. Federal Reserve to further reduce interest rates, though at an uncertain pace, Federal Reserve Governor Christopher Waller said on Wednesday. Waller said that while it was true inflation “appears to have stalled” above the Fed’s 2% target in the waning …

Fed’s Waller: More cuts likely though timing depends on inflation progress Read More »