Sam's Club seeks to boost auto business with TrueCar tie-up Sept 3- Sam's Club, the membership warehouse club division of Wal-Mart Stores Inc, said on Thursday it has tied up with online car-shopping site TrueCar Inc in an effort to boost its auto business. Sam's Club said in a statement that the tie-up would give its members access to more than 10,000 TrueCar dealers and guaranteed savings off the manufacturer's...
EXCLUSIVE-US weighs sanctioning Russia as well as China in cyber attacks WASHINGTON, Aug 31- The United States is considering sanctions against both Russian and Chinese individuals and companies for cyber attacks against U.S. commercial targets, several U.S. officials said on Monday. A move against Chinese entities or individuals before Xi's trip, the officials said, is possible but unlikely because of the strain it could put on the...
| By: Arshad Mohammed, Matt Spetalnick and Mark Hosenball
Japan's 'Donki' rides inbound tourism surge The departure of Takao Yasuda, the maverick founder of Japanese discount retailer Don Quijote has unnerved investors, the Financial Times reports.
Source: Financial Times
| By: Kana Inagaki
UPDATE 3-Suzuki Motor says it will buy back VW stake as court settles feud TOKYO, Aug 30- Japan's Suzuki Motor Corp said on Sunday it would buy back the 19.9 percent stake it sold to Volkswagen AG after an international arbitration court ordered the German automaker to sell its holding. VW's stake, acquired in January 2010 for 1.7 billion euros, was worth some $3.8 billion at Friday's closing price. Both companies said they welcomed the...
| By: Minami Funakoshi and Ritsuko Ando
Yellen ally pours cold water on rule-based monetary policy JACKSON HOLE, Wyo., Aug 29- For much of her tenure as head of the Federal Reserve, Janet Yellen has been pressured by Republican lawmakers who want the U.S. central bank to adopt a monetary policy rule, a straightforward formula connecting unemployment and inflation to a benchmark interest rate. Former Fed Chair Alan Greenspan famously did it in the 1990 s when he...
UPDATE 3-Olam gets new backer as Mitsubishi spends $1.1 bln on 20 pct stake *Olam to use funds for key acquisitions. *Olam to issue new shares to Mitsubishi at S $2.75/ share. SINGAPORE, Aug 27- Mitsubishi Corp's decision to spend $1.1 billion for one fifth of Olam International is a key vote of confidence that will allow the Singapore agri-trader to exploit M&A opportunities thrown up by the slump in the global commodities market.
| By: Anshuman Daga and Saeed Azhar