Volvo Ab (VOLVY.PK) will slash output by 10 percent and eliminate jobs because of lower sales, says a union representative. The Swedish automaker is set to report its first-half results next week.
Heineken Nv Adr (HINKY.PK) will soon introduce two news beers in North America, with Amstel Wheat and Tecate Michelada set to be launched in selected local markets. Beer industry volume has declined in the United States for the past three years, and the brewer calls itself an ‘under-innovator’ here.
Don’t Miss: Amazon: We’re SOLD OUT!
Amazon.com, Inc. (NASDAQ:AMZN) reached a distributor arrangement that should get its exclusive book titles sold through such retailers as Apple and Barnes & Noble. This agreement emerges at the same time that the Justice Department accuses the book industry of collusion.
A lawsuit has been brought against Ford Motor Company (NYSE:F) which alleges that it violated a patent with the fuel-injection system it employs in F-150 trucks. An engineer says that he was brought in by the company for the possibility of licensing his fuel flow innovations, but he now alleges that Ford went ahead to use them before any deal was set in place.
Chai with your McYak burger? McDonald’s Corporation (NYSE:MCD) intends to launch 10 new stores in Siberia, as part of its vaunted worldwide reach. The company is boosting its operations outside of metro Moscow, but this move is into far more remote areas, which is really a first for fast-food restaurants.
Don’t Miss: New York Attacks More Consumer Drinks.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.