Nov 2 (Reuters) - B. Riley Financial-backed Franchise Group is preparing to file for bankruptcy as soon as this weekend, Bloomberg News reported on Saturday citing people with knowledge of the plans. Franchise Group, which owns The Vitamin Shoppe, will seek Chapter 11 protection with a plan in place for senior lenders including HPS Investment Partners to take control of...

BEIJING (Reuters) - China's electric vehicle giant BYD ramped up production by nearly 200,000 units from August to October, while hiring close to 200,000 new employees in car manufacturing and components, Executive Vice President He Zhiqi said on Weibo on Saturday. BYD posted an 11.5% rise in third-quarter net profit as it maintained strong sales momentum. Revenue for the July-September...

BERLIN (Reuters) - Volkswagen's planned cost-cutting programme was unavoidable in order to remedy decades of structural problems at the German carmaker, CEO Oliver Blume said in an interview published on Sunday. The weak market demand in Europe and significantly lower earnings from China reveal decades of structural problems at VW, Blume told Sunday paper Bild am Sonntag. The head of...

Nov 2 (Reuters) - B. Riley Financial ( RILY ) backed Franchise Group, the owner of brands including The Vitamin Shoppe and Pet Supplies Plus, is preparing to file for bankruptcy as soon as this weekend, Bloomberg News reported on Saturday citing people with knowledge of the plans. ...