Earnings season lets consumers see just how much they're paying up for certain brands, and how investors fare. USA Today reports.» Read More
SHANGHAI/ LONDON, Dec 3- Chinese infant formula giant Beingmate prints Irish clovers on its flagship product as it seeks to assure Chinese parents of its European sourcing after a safety scare involving the world's biggest milk powder exporter New Zealand. Though the scare turned out to be false, it prompted formula firms to reduce supplies from New Zealand and...
*GE, Honeywell climb after quarterly results. NEW YORK, Oct 17- U.S. stocks extended their rebound from this month's bruising selloff on Friday, giving the S&P 500 its best day in over a week, as worries about the U.S. earnings outlook eased, but the S&P 500 still posted its fourth straight week of declines. Honeywell shares gained 4.3 percent to $90.06 after results.
HONG KONG, Aug 22- A Chinese retailer is offering insurance to customers who buy infant milk powder, highlighting the lengths to which companies are going to address concern about food safety in China.
HONG KONG, Aug 22- A Chinese retailer is offering insurance to customers who buy infant milk powder, highlighting the lengths to which companies are going to address concerns about food safety in China.
SHANGHAI, Aug 18- German luxury car Mercedes-Benz has been found guilty of manipulating prices for after-sales services in China, the official Xinhua news agency reported, citing regulators.
Mercedes-Benz has been found guilty of manipulating prices for after-sales services in China, the official Xinhua news agency reported.
SHANGHAI, Aug 18- German car maker Daimler AG's luxury brand division Mercedes-Benz has been found guilty of manipulating prices for after-sales services in China, the official Xinhua news agency reported, citing authorities in Jiangsu province.
BEIJING, Aug 7- China's recent probes into Microsoft Corp and car companies including Audi and Chrysler have rekindled concerns that Beijing may be using an anti-monopoly law to support domestic firms at the expense of foreign companies.
A Chinese regulator conducted new raids on Microsoft and partner in China Accenture, the agency said on its website on Wednesday.
Chrysler is owned by Fiat SpA while Volkswagen owns Audi, and both are premium brands in China. The NDRC also said it was launching a probe into Mercedes-Benz, owned by Daimler AG, and that it had finished investigating a dozen Japanese spare-part manufacturers on similar anti-trust charges.
SHANGHAI/ BEIJING, Aug 5- Daimler AG's luxury brand Mercedes-Benz said it was cooperating with China's anti-monopoly authorities over an investigation into unspecified matters, after Chinese media reported the German carmaker's Shanghai office had been raided.
*Visit follows Mercedes-Benz weekend parts price cuts. "We confirm that we are assisting the authorities in their investigation," Mercedes-Benz said in a statement, issued in response to a query from Reuters on whether the office had received anti-trust officials from the National Development and Reform Commission.
SHANGHAI/ HONG KONG, July 29- With green-tea flavoured toothpaste and pickled plum juice, an army of Chinese retailers is tapping local tastes to whittle away market share from global rivals that are banking their future growth on the world's second-largest consumer market.
"As a premium market leader Audi has made the price adjustments proactively," Audi said in an emailed statement over the weekend, adding the new prices will be effective Aug 1. "Audi and its joint venture FAW-Volkswagen support the efforts of the NDRC to examine the pricing in the after-sales area in China."
Some of the names on the move ahead of the open.
U.S. health officials finalized guidelines for infant formula makers that aim to ensure products meet certain quality controls to keep them safe.
U.S. carmaker Tesla is taking a bold step to win over Chinese clients by curbing the markup to just half of what its rivals can command.
Weak U.S. manufacturing data sent stocks into a tailspin and signaled to some that the correction in stocks could be deeper than expected.
Some of Friday's midday movers:
As January comes to a close, the stock market is down about 3 percent, and it has set the tone for a much more challenging year.