PITTSBURGH/CHICAGO Crowds were thin at U.S. stores and shopping malls in the early hours of Black Friday and on Thanksgiving evening as shoppers responded to early holiday discounts with caution and bad weather hurt turnout.
Recent Business News
WOLFSBURG, Germany Volkswagen is facing slowing orders for new cars, with consumers shunning purchases after the automaker admitted this month it understated fuel usage and carbon dioxide (CO2) emissions, VW's top labor representative said on Friday.
LONDON The euro's slide against the dollar this year has been a competitive boon for corporate Europe, but it has also opened up an alternative financing window for corporate America.
LONDON/NEW YORK Alan Schwartz knows how to play a long game. The executive chairman of boutique investment bank Guggenheim Partners spent almost 20 years cultivating Pfizer boss Ian Read as a client. His strategy paid off handsomely when Guggenheim was named lead adviser for one of the biggest deals in history - Viagra-maker Pfizer's $160 billion acquisition of Botox-maker Allergan .
FRANKFURT German pilots union Vereinigung Cockpit is confident it can come to a deal that will allow it to take part in a round table organized by Lufthansa management in a bid to defuse tensions with unions over job and growth prospects.
MUMBAI HSBC Holdings Plc is closing its private banking unit in India as part of its group strategy, the bank said, marking the exit of another foreign bank from the cut-throat wealth management business in Asia's third-largest economy.