Wednesday, May 13, 2015

SABMiller Sees Slight Fall in Annual Profit

SABMiller said consumers from Africa to America had started splashing out on pricier beer brands, helping the world’s second-biggest brewer offset currency headwinds and stagnating lager volumes in its most recent fiscal year.

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Maersk Beats Forecast as Profits Rise

Danish shipping and oil company A.P. Møller-Mærsk A/S on Wednesday posted a forecast-beating 30% rise in first-quarter net profit, as rapidly falling fuel costs more than offset a steady decline in freight rates.

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China Cranks Up Stimulus

China is launching a broad stimulus to help local governments restructure trillions of dollars in debts while prodding banks to lend more.

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China Numbers Come Up Weak

April industrial production improved slightly from a poor March, but construction starts, fixed-asset investment and retail sales disappoint.

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Tuesday, May 12, 2015

German GDP Growth Slows; France Picks Up

The eurozone’s largest economies experienced mixed fortunes at the start of 2015, with French growth accelerating to 0.6% and German GDP slowing to 0.3%.

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Facebook Presses More Pay for Janitors, Cooks

Facebook is pushing its vendors to improve pay and benefits for their workers, including wages of at least $15 an hour.

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Sotheby's Sells Rothko for $46.5 Million

Sotheby’s sold Mark Rothko’s ‘Untitled (Yellow and Blue)’ to an anonymous Asian collector who outbid two rivals to win the work.

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