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General Motors‘ (NYSE:GM) sales in China during November rose 9.7% to 260,018 units, boosted by a 17% jump in sales of its Buick brand and 8.4% for its Cadillac deliveries. Its Baojun brand, which features two models earmarked only for sale in China, saw a 70% jump to 10,232 units. GM’s joint-venture unit, SAIC-GM-Wuling Automobile Co., saw a decline of 0.5% in deliveries of its Wuling mini-commercial vehicles to 118,536 units in November. At the other joint-venture, FAW-GM Light Commercial Vehicle Co., sales were up 4.2%.
Netflix‘ (NASDAQ:NFLX) “game-changing” and expensive deal with Disney (NYSE:DIS), which analysts estimate cost more than $350 million a year, won’t hurt subscribers’ wallets, according to a senior executive at the online video streaming company. In an interview, Ted Sarandos, chief content officer, said, “We are not contemplating raising the $8 a month subscription fee for unlimited online viewing.”
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Macy’s (NYSE:M) announces that most stores will remain open for 48 hours straight for its best deals for last-minute gifting offered via the ‘One Day Sale’ from 7 AM on Friday, December 21, through 7 AM on Sunday, December 23. Even after the closure of the One-Day Sale, stores will remain open on December 23 most until midnight.
UPS‘ (NYSE:UPS) plan to buy Dutch competitor TNT Express could be in for regulatory difficulties judging by the comments of European Union Competition Commissioner, Joaquin Almunia, who expressed reservations on “whether appropriate solutions will ultimately address concerns for express-parcel deliveries in Europe.” A major concern is that the deal would reduce the number of package delivery companies in Europe to only two.
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