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 Latest Business and Finance News
Asian shares rise on US data [Geo TV]
HONG KONG: Asian stocks mostly rose on opening Wednesday, rebounding off strong US manufacturing dat ...Detail
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Apple says its systems not to blame for celebrity photo breach  [Reuters] 02 Sep, 2014
SAN FRANCISCO (Reuters) - The week before a crucial launch of its new iPhone, Apple Inc said intimate photos of celebrities including Oscar-winner Jennifer Lawrence were leaked online through the apparent hacking of individual iCl ...
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BP asks court to remove claims administrator in Gulf spill case  [Reuters] 02 Sep, 2014
HOUSTON (Reuters) - BP Plc asked a U.S. court on Tuesday to fire the court-appointed lawyer tasked with paying out compensation to people affected by the 2010 Gulf of Mexico oil spill, saying the lawyer had not disclosed an allege ...
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Aston Martin may lose U.S. dealers without safety exemption  [Reuters] 02 Sep, 2014
DETROIT (Reuters) - U.S. Aston Martin dealers say they are in danger of closing if federal regulators refuse to give them an exemption to safety rules that would allow them to keep selling all four models the British luxury sports ...
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Abercrombie resolves CEO pay lawsuit, to tighten governance  [Reuters] 02 Sep, 2014
(Reuters) - Abercrombie & Fitch Co's board agreed to make governance changes to resolve a lawsuit objecting to its awarding longtime Chief Executive Officer Michael Jeffries more than $140 million of compensation since 20 ...
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Alitalia restarts Venezuela flights after hiatus due to forex dispute  [Reuters] 02 Sep, 2014
CARACAS (Reuters) - Italian airline Alitalia has started to fly to Venezuela again after a near two-month halt when carriers trimmed operations following government delays in releasing ticket revenue under the country's stric ...
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Dow, S&P 500 end down; Nasdaq rises  [Reuters] 02 Sep, 2014
NEW YORK (Reuters) - The Dow and S&P 500 ended lower on Tuesday, with energy shares among the biggest negatives, while the Nasdaq edged up.
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Apple says celebrity photo breach targeted, not due to its systems  [Reuters] 02 Sep, 2014
SAN FRANCISCO (Reuters) - Apple Inc said on Tuesday the online posting of intimate photos of Hollywood celebrities were targeted attacks on their iCloud accounts and that none of the cases it investigated had resulted from a direc ...
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Danone names new CEO as Riboud prepares for succession  [Reuters] 02 Sep, 2014
PARIS (Reuters) - Danone said on Tuesday that Chairman and Chief Executive Franck Riboud would split his role after 18 years at the helm of the world's largest yoghurt maker, which is grappling with a series of setbacks in As ...
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Home Depot says probing 'unusual activity' after data breach report  [Reuters] 02 Sep, 2014
(Reuters) - Home Depot Inc said on Tuesday it was working with law enforcement to investigate "some unusual activity" related to customer data but that it could not confirm if it had become the latest retailer to be hit by a large ...
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Apple says celebrity attacks were targeted, did not stem from systems breach  [Reuters] 02 Sep, 2014
SAN FRANCISCO (Reuters) - Apple Inc said on Tuesday the attacks that emerged over the Labor Day weekend on celebrities' iCloud accounts were individually targeted, and that none of the cases it investigated had resulted from ...
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Credit Suisse says is investigating allegations of trader misconduct  [Reuters] 02 Sep, 2014
LONDON (Reuters) - Credit Suisse said it was investigating allegations of trader misconduct reported in the Wall Street Journal earlier on Tuesday.
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Hugo Boss says Permira to place 11.2 percent Hugo Boss stake  [Reuters] 02 Sep, 2014
FRANKFURT (Reuters) - German retailer Hugo Boss on Tuesday said an investment company controlled by private equity investor Permira[PERM.UL] is placing up to 7.9 million Hugo Boss shares.
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Exclusive: Deutsche Asset & Wealth Management opens Dallas office in regional shift  [Reuters] 02 Sep, 2014
NEW YORK (Reuters) - Deutsche Bank AG's Asset & Wealth Management division said on Tuesday it has opened a private bank in Dallas with two former JP Morgan Private Bank executives at the helm. The move is part of a global ...
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Manufacturing, construction data point to sturdy U.S. growth  [Reuters] 02 Sep, 2014
WASHINGTON (Reuters) - U.S. manufacturing activity hit a nearly 3-1/2-year high last month and construction spending rebounded strongly in July, signs the economy entered the third quarter on strong footing.
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Wall Street falls as energy shares decline  [Reuters] 02 Sep, 2014
NEW YORK (Reuters) - U.S. stocks were mostly down on Tuesday, retreating from record highs set the previous month, as energy shares were hit by the fall in crude oil to a 15-month low.
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UK seeks extra power for winter  [BBC News] 02 Sep, 2014
National Grid is seeking additional electricity supplies for winter after unexpected plant shutdowns have raised fears of potential shortages.
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Airbus offers Poland joint ventures, no urgency in share stake  [Reuters] 02 Sep, 2014
KIELCE Poland (Reuters) - Airbus Group is interested in setting up joint ventures to support the Polish defense industry but has downplayed the question of Warsaw taking a direct shareholding in the European aerospace group.
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U.S. court revives Botox-linked shareholder suit against Allergan  [Reuters] 02 Sep, 2014
SAN FRANCISCO (Reuters) - A U.S. appeals court on Tuesday revived a 2010 shareholder lawsuit against Allergan Inc over allegations the company improperly marketed and labeled the cosmetic drug Botox.
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Switzerland urged to step up fight against ill-gotten funds  [Reuters] 02 Sep, 2014
BERNE (Reuters) - Switzerland is not doing enough to rid itself of ill-gotten funds, despite loosening its banking secrecy, and should now beef up its law against money laundering, an global corruption watchdog said on Tuesday.
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U.S. court revives shareholder lawsuit vs. Allergan over Botox  [Reuters] 02 Sep, 2014
SAN FRANCISCO (Reuters) - A U.S. appeals court on Tuesday revived a shareholder lawsuit against Allergan Inc over allegations that the company improperly marketed and labeled the cosmetic drug Botox.
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Wall Street little changed after August rally, data  [Reuters] 02 Sep, 2014
NEW YORK (Reuters) - U.S. stocks held near the unchanged mark on Tuesday as investors digested the latest batch of solid economic reports on the heels of the strongest monthly performance for the S&P since February.
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Boeing shares slip after first 'underperform' rating since 2009  [Reuters] 02 Sep, 2014
NEW YORK (Reuters) - Boeing Co shares slipped 1.3 percent on Tuesday after a pair of downgrades from highly ranked analysts, including one who cut the stock outlook to "underperform."
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Wall St. little changed after strong August  [Reuters] 02 Sep, 2014
NEW YORK (Reuters) - U.S. stocks were little changed on Tuesday as investors digested the latest batch of solid economic reports on the heels of the best monthly performance for the S&P since February.
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Alitalia, Etihad deal likely to be cleared by end of year-source  [Reuters] 02 Sep, 2014
BRUSSELS (Reuters) - Italian airline Alitalia and Etihad Airways are expected to win clearance for their tie-up by the end of the year with minor concessions, a person familiar with the matter said on Tuesday.
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Bullish U.S. manufacturing, construction data bolster growth outlook  [Reuters] 02 Sep, 2014
WASHINGTON (Reuters) - U.S. manufacturing activity increased to its highest level in nearly 3-1/2 years in August and construction spending rebounded strongly in July, in further signs of vigor in the economy.
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U.S. factory activity expands in August at fastest pace since April 2010: Markit  [Reuters] 02 Sep, 2014
NEW YORK, Sept 2 (Reuters) - - The U.S. manufacturing industry expanded in August while employment in the sector grew at its fastest pace since March of last year, an industry report showed on Tuesday.
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Wall Street opens flat; manufacturing data awaited  [Reuters] 02 Sep, 2014
NEW YORK (Reuters) - U.S. stocks opened flat on Tuesday after the S&P 500 closed out its best month since February, ahead of reports on the manufacturing sector.
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Oil prices down after weak China, Europe data  [Geo TV] 02 Sep, 2014
SINGAPORE: Oil prices fell in Asia Tuesday following disappointing manufacturing data out of top energy consumer C
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Exclusive: Alitalia, Etihad deal likely to be cleared by end of year - source  [Reuters] 02 Sep, 2014
BRUSSELS (Reuters) - Italian airline Alitalia and Etihad Airways are expected to win clearance for their tie-up by the end of the year with minor concessions, a person familiar with the matter said on Tuesday.
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Dollar, euro surge against yen in Asian trading  [Geo TV] 02 Sep, 2014
TOKYO: The dollar and euro rallied against the yen in Asia on Tuesday as Japanese central bank policymakers prepar
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