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  • Sears faces tough foe: an unforgiving bankruptcy code
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    When Sears Holdings Corp filed for Chapter 11 bankruptcy on Monday, it said it would close another 142 unprofitable Sears and Kmart locations and seek to reorganize around financially healthier stores. It also triggered a "time bomb" that retailers have had a tough time surviving. ... Read more »
  • HSBC UK hit with another IT glitch
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    HSBC UK said on Tuesday some of its customers were struggling to access online banking, the second outage of the lender's digital services in weeks. ... Read more »
  • German carmakers have 50:50 chance of facing Detroit's fate, VW says
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    German carmakers only have a 50 percent chance of surviving as leading players in the auto industry unless they transform their businesses to meet new regulations and adapt supply chains, Volkswagen's chief executive said on Tuesday. ... Read more »
  • BlackRock profit beats on demand for low-risk funds
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    BlackRock Inc reported a better-than-expected quarterly profit on Tuesday, as more people poured money in its low-risk funds amid heightened trade tensions between Beijing and Washington. ... Read more »
  • Softbank pushes link-ups as insurance strategy takes shape
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    Softbank's Vision Fund plans to pump more money into insurance, a sector it sees as both ripe for disruption and a potential booster for its bigger bets in cars, health and financial services, a Vision Fund executive told Reuters. ... Read more »
  • Tod's chairman denies speculation of group's possible sale
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    The chairman of luxury company Tod's Diego Della Valle denied speculation over the possible sale of the group, whose majority is owned by his family. ... Read more »
  • Musk says Tesla owners who ordered full self-driving version to get chip upgrade
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    Tesla Inc Chief Executive Officer Elon Musk said a new chip that improves autopilot features would be available six months in advance to people who ordered the full self-driving version of the electric cars. ... Read more »
  • Unilever executive defends executive pay policy
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    A Unilever executive defended the company's executive pay policy on Tuesday, but said the consumer goods company learned lessons from the substantial opposition the policy garnered earlier this year. ... Read more »
  • Standard Chartered sees increased China-Africa trade due to U.S. trade war
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    China is likely to boost imports from African countries as it seeks new sources of commodities in the wake of a trade war with the United States, a senior executive of Standard Chartered Bank [STANB.UL] in China said. ... Read more »
  • Volvo warns some vehicle engines may exceed emission limits
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    Sweden's Volvo warned on Tuesday that some of its truck and bus engines could be exceeding limits for nitrogen oxide emissions as an emissions control component it uses was degrading more quickly than expected, sending its shares lower. ... Read more »