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Tuesday, 20 November 2018 14:25

Foot Locker shares soar after Air Max boost

(Reuters) - Foot Locker (FL.N) shares jumped 20 percent on Wednesday after third-quarter results showed shoe sales turning back to growth thanks to a boost from Nike’s latest lines, heading off fears it was losing out to Amazon (AMZN.O) and other online stores.

BEIJING (Reuters) - Germany’s BMW (BMWG.DE) plans to launch ride-hailing services in China in December, the first global automaker to obtain such a license in the fast-growing market.

(Reuters) - U.S. borrowers filed the fewest applications for home refinancing in almost 18 years last week even as mortgage rates drifted lower in step with U.S. bond yields, the Mortgage Bankers Association said on Wednesday.

Tuesday, 20 November 2018 14:56

Jar wars: the Italian plot to weaken Nutella

MILAN (Reuters) - Chocolate spread Nutella has long had pride of place on supermarket shelves but faces imminent attack from an Italian rival usually found in the pasta section.

Italy’s Barilla, known internationally for its spaghetti and maccheroni packaged in blue boxes, is preparing to launch a chocolate spread next year in a major challenge to the brand that became a global phenomenon in the 1980s, sources said.

SANTIAGO (Reuters) - LATAM Airlines (LTM.SN), the biggest airline group in Latin America, reported a steep fall in third-quarter profit due to lower passenger demand in Argentina and Brazil as well as higher fuel prices and competition from low-cost airlines.

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