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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Nov 28, 2015
Page
14
Volkswagen has outlined about $2 billion in savings to offset fines and recalls from its emissions scandal. The plan includes fewer models and trims to cut labor costs and complexity, with senior executives expected to see lower bonuses, per Bloomberg News.
Jeep signals it's on track for a global sales record in 2015, with 1,013,000 vehicles sold by end of October and a 24 percent U.S. rise. The Renegade subcompact helps drive growth as the lineup expands with new SUVs and a pickup planned.
Shoppers across the United States mix store visits and online deals as Black Friday crowds stay strong. Families embrace the tradition with trips to Toys R Us in Chandler and Macy’s Herald Square while some survey more online purchases. Online sales rise 26 percent year over year, but many still hit stores before and after Thanksgiving to snag 40 to 50 percent discounts on toys clothing and electronics. Holiday plans weigh on budgets and family time, with up to 135.8 million expected to shop over the four day weekend according to NRF estimates.
Investors awaited holiday sales results as markets slipped little in a shortened session. The Dow fell 15 points while the S&P 500 and Nasdaq rose modestly. Analysts noted a typically strong end to the year may hinge on four day shopping weekend and online sales were up. Macy’s reported strong foot traffic. warm weather was seen as a headwind for outdoor wear, with expectations of a year end rally.
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