Consumer Goods

  • Ahead of the Bell: Spreadtrum raises 2Q forecast AP - Thu, Jun 13, 2013 11:38 PM NZST

    Shares of Spreadtrum Communications Inc. soared Thursday before markets opened and a day after the maker of smartphone chips and other electronics hiked its second-quarter revenue expectations well beyond ...

  • Ahead of the Bell: US Retail Sales AP - Thu, Jun 13, 2013 10:21 PM NZST

    Americans likely stepped up spending at retail businesses in May, helped by another month of strong auto sales. The gain would show consumers remain resilient despite higher taxes and could help drive ...

  • National mortgage rates for June 13, 2013 Bankrate.com - Thu, Jun 13, 2013 10:00 PM NZST

    Interest Rate Roundup Mortgages CDs Auto Loans Home Equity Credit Cards Find the best mortgage rates in your area. Mortgages 4.14% (30-year fixed) 0.32 (average points) Mortgage rates jumped for the sixth ...

  • Auto loan rates for June 13, 2013 Bankrate.com - Thu, Jun 13, 2013 10:00 PM NZST

    Interest Rate Roundup Mortgages CDs Auto Loans Home Equity Credit Cards Find the best auto rates in your area. Auto Loans 4.1% (60-month, new car) 4.69% (36-month, used car) Auto loan rates were mixed ...

  • CD rates for June 13, 2013 Bankrate.com - Thu, Jun 13, 2013 10:00 PM NZST

    Interest Rate Roundup Mortgages CDs Auto Loans Home Equity Credit Cards Compare CD rates nationally and in your area. CDs 0.24% (1-year CD yields) 0.78% (5-year CD yields) Rates on certificates of deposit ...

  • Credit card interest rates for June 13, 2013 Bankrate.com - Thu, Jun 13, 2013 10:00 PM NZST

    Interest Rate Roundup Mortgages CDs Auto Loans Home Equity Credit Cards Find the best credit card offers available. Credit Cards 13.02% (all fixed) 15.25% (all variable) Credit card rates remained unchanged ...

  • Home equity loan rates for June 13, 2013 Bankrate.com - Thu, Jun 13, 2013 10:00 PM NZST

    Interest Rate Roundup Mortgages CDs Auto Loans Home Equity Credit Cards Find the best home equity rates in your area. Home Equity 5.12% (line of credit) 6.09% (loan) Rates on loans backed by home equity ...

  • New York considers crackdown on counterfeit luxury AP - Thu, Jun 13, 2013 7:10 PM NZST
    New York considers crackdown on counterfeit luxury

    Bargain hunters from around the world flock to Manhattan's Chinatown for legally sold bags, jewelry and other accessories bursting onto sidewalks from storefronts along Canal Street. But hidden around ...

  • Nissan hopes to grab share of Japan minicar market AP - Thu, Jun 13, 2013 3:17 PM NZST
    Nissan hopes to grab share of Japan minicar market

    Japanese automakers Nissan and Mitsubishi are joining forces to grab a bigger share of the country's lucrative market for tiny cars, now dominated by their three rivals. The new model, sold as Dayz for ...

  • Hallenstein Glasson lowers profit expectations Newstalk ZB - Thu, Jun 13, 2013 12:32 PM NZST

    Clothing retailer Hallenstein Glasson is expecting a 10 per cent decline in profit because of a late start to the winter season, and difficult trading conditions.

  • Brazil seeks to boost economy with $8.7B in loans AP - Thu, Jun 13, 2013 11:16 AM NZST

    Brazil's government is offering $8.7 billion in low-interest loans for people enrolled in a low-income housing program to outfit their homes with furniture and appliances. President Dilma Rousseff launched ...

  • Chrysler recalling 6,900 heavy-duty 2012 trucks AP - Thu, Jun 13, 2013 11:10 AM NZST

    Chrysler Group is recalling 6,900 heavy-duty Ram pickup trucks from the 2012 model year because part of the front axle could fracture and cause them to lose power. The automaker said Wednesday that the ...

  • News Summary: Tips on leasing a new vehicle AP - Thu, Jun 13, 2013 10:24 AM NZST

    LEASING'S APPEAL: Auto leasing has its benefits, especially if you want to drive a new car every couple of years while keeping monthly payments low. KEY DIFFERENCES: Experts say a lease will be more favorable ...

  • Cooper CEO says buyer committed to US operations AP - Thu, Jun 13, 2013 10:19 AM NZST
    Cooper CEO says buyer committed to US operations

    A tire maker whose main market is in India is buying Ohio's Cooper Tire & Rubber Co. for $2.2 billion and making a commitment to maintain the company's three U.S. manufacturing plants and retain its management ...

  • 6 tips on getting a good deal on an auto lease AP - Thu, Jun 13, 2013 10:14 AM NZST

    Even with low interest rates that make buying a car more affordable, many consumers are leasing a new car or truck instead. New vehicle leasing climbed in the first three months of 2013 to the highest ...

  • Safeway selling supermarkets in Canada AP - Thu, Jun 13, 2013 10:03 AM NZST

    Safeway Inc. is selling its supermarket operations in Canada to food retailer Sobeys for 5.8 billion Canadian dollars ($5.7 billion). Sobeys, a unit of Empire Company Limited, is already the No. 2 grocery ...

  • Five Below swings to profit in 1st quarter AP - Thu, Jun 13, 2013 9:47 AM NZST

    Discount retailer Five Below Inc., which sells games, candy and other goods for $5 or less, said it swung to a profit in the fiscal first quarter as sales increased more than 30 percent. The company's ...

  • Safeway selling stores in Canada AP - Thu, Jun 13, 2013 8:50 AM NZST

    Safeway Inc. says it's selling its supermarket operations in Canada to Sobeys Inc., a Canadian food retailer, for 5.8 billion Canadian dollars ($5.7 billion). Sobeys, a unit of Empire Company Limited, ...

  • Once-promising Ind. car venture ends in bankruptcy AP - Thu, Jun 13, 2013 8:41 AM NZST

    A company that had planned to build high-tech police cars in a vacant plant that once housed a rust belt city's largest employer has filed for bankruptcy, dashing the hopes of a community desperate for ...

  • Michigan company recalls sunflower seed products AP - Thu, Jun 13, 2013 8:31 AM NZST

    A Michigan snack food maker is recalling sunflower seeds due to the potential of listeria contamination. Lipari Foods in Warren, north of Detroit, says Wednesday the recall includes Raw Sunflower Seeds, ...

  • Lululemon shares continue their plunge on CEO exit AP - Thu, Jun 13, 2013 8:07 AM NZST

    Lululemon Athletica Inc.'s shares sank again Wednesday following the unexpected announcement that the yoga clothing company's CEO is stepping down. THE SPARK: Lululemon said late Monday that Christine ...

  • GM targets 10 pct. pretax margin by mid-decade AP - Thu, Jun 13, 2013 8:03 AM NZST

    Cost-cutting efforts and fresh new vehicles should help General Motors Co. boost its North American pretax profit margin to 10 percent by the middle of this decade, company officials said Wednesday. The ...

  • News Summary: India tiremaker buying Cooper Tire AP - Thu, Jun 13, 2013 7:56 AM NZST
    News Summary: India tiremaker buying Cooper Tire

    TIRE TIE-UP: A tire maker whose main market is in India, Apollo Tyres Ltd., is buying Ohio's Cooper Tire & Rubber Co. for $2.2 billion, creating a company that will rank as the industry's seventh largest. ...

  • Wisconsin Assembly approves lemon law changes AP - Thu, Jun 13, 2013 7:44 AM NZST

    Wisconsin's Assembly has passed a bill making changes to the state's lemon law which covers when consumers can sue auto manufacturers. The bill passed 88-8 on Wednesday. Most Democrats removed their opposition ...

  • News Summary: Facebook launches servers outside US AP - Thu, Jun 13, 2013 5:40 AM NZST

    NEW SERVERS: Facebook started processing data through its first server farm outside the United States, on the edge of the Arctic Circle in Sweden. THE RATIONALE: The company said the new servers should ...

  • Boehner says he will support farm bill AP - Thu, Jun 13, 2013 4:39 AM NZST

    House Speaker John Boehner says he will vote for a wide-ranging farm bill headed to the House floor this month, a major boost for the five year, half-trillion dollar legislation that stalled in the House ...

  • UK to start regulating e-cigarettes as medicines AP - Thu, Jun 13, 2013 4:12 AM NZST
    UK to start regulating e-cigarettes as medicines

    Britain will start regulating electronic cigarettes and other products containing nicotine as medicines, according to the country's top regulator. E-cigarettes are battery-operated products that turn nicotine ...

  • Facebook starts first servers outside the US AP - Thu, Jun 13, 2013 3:50 AM NZST

    Facebook on Wednesday started processing data through its first server farm outside the United States, on the edge of the Arctic Circle in Sweden. The company inaugurated servers in about half of its new, ...

  • Wisconsin Assembly to vote on lemon law changes AP - Thu, Jun 13, 2013 3:49 AM NZST

    Wisconsin's Assembly is poised to vote on changes to the state's lemon law which covers when consumers can sue auto manufacturers. The bill up for a vote Wednesday removes the ability to receive double ...

  • India's Apollo Tyres to buy Cooper Tire for $2.22B AP - Thu, Jun 13, 2013 2:36 AM NZST
    India's Apollo Tyres to buy Cooper Tire for $2.22B

    India's Apollo Tyres Ltd. is buying Ohio's Cooper Tire & Rubber Co. for about $2.22 billion, boosting its presence in North America and other key markets around the world. Apollo said Wednesday that the ...

  • USOC keeps interested eye on 2020 Olympic race AP - Thu, Jun 13, 2013 2:16 AM NZST

    The U.S. Olympic Committee is observing the bidding for the 2020 Games, hoping to learn something from Istanbul, Madrid and Tokyo as they try to land the Olympics. The USOC board met Tuesday and received ...

  • Maine advances genetically modified food labels AP - Thu, Jun 13, 2013 2:10 AM NZST

    Maine food retailers would have to put special labels on products that contain genetically modified ingredients, under a measure advanced by the House on Tuesday. Maine residents have the right to know ...

  • Japan baseball criticized for switching balls AP - Thu, Jun 13, 2013 2:07 AM NZST

    Japanese baseball officials have been criticized for introducing a new ball this season without notifying players. With nearly 60 games already played, Nippon Professional Baseball acknowledged this week ...

  • Fukushima plant steps closer to fuel-rod removal AP - Thu, Jun 13, 2013 1:52 AM NZST
    Fukushima plant steps closer to fuel-rod removal

    More than two years after Japan's nuclear disaster, damaged vehicles, twisted metal and other debris remains strewn about the Fukushima plant. Scores of black and gray pipes and hoses cover the ground ...

  • A long awaited 'Final Fantasy' returns at E3 AP - Thu, Jun 13, 2013 1:39 AM NZST
    A long awaited 'Final Fantasy' returns at E3

    It's a video game more than seven years in the making. Square Enix revealed Monday during Sony's presentation at the Electronic Entertainment Expo that "Final Fantasy XV" would finally see the ...