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 Latest Business and Finance News
U.S. says India refusal on WTO deal a wrong signal [Reuters]
NEW DELHI/SYDNEY (Reuters) - U.S. Secretary of State John Kerry told Prime Minister Narendra Modi on ...Detail
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SEC launched extensive probe to identify sources in Reuters stories  [Reuters] 01 Aug, 2014
NEW YORK/WASHINGTON (Reuters) - A U.S. Securities and Exchange Commission watchdog conducted an extensive, months-long investigation to find out who had leaked information that appeared in two Reuters stories published last autumn ...
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Tesla expects to boost 2015 output to more than 60,000  [Reuters] 31 Jul, 2014
DETROIT (Reuters) - Tesla Motors Inc, the California-based maker of luxury electric cars, said it expects to build more than 60,000 cars in 2015, after spending heavily this year to update and expand its Fremont assembly plant.
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Fiat investors vote on Chrysler merger to ease access to cash, U.S. investors  [Reuters] 31 Jul, 2014
TURIN Italy (Reuters) - Fiat shareholders are expected to approve the Italian carmaker's merger with its U.S. unit Chrysler on Friday, a union aimed at boosting the world's seventh-largest auto group's appeal with f ...
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Switching broadband is 'too costly'  [BBC News] 31 Jul, 2014
Tens of thousands of broadband customers in the UK are having to pay "costly" charges to change supplier, Citizens Advice warns
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Argentine default to hit Brazil factories, Uruguay resorts  [Reuters] 31 Jul, 2014
RIO DE JANEIRO/BRASILIA (Reuters) - Argentina's debt default threatens to worsen trade tensions in South America, adding to the economic woes of Brazil in a tense election year and causing headaches in Uruguay as the Argentin ...
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WTO fails to seal global trade deal  [BBC News] 31 Jul, 2014
The World Trade Organization says its 160 members have failed to agree a global customs pact drawn up in meetings in Bali last December.
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India's demands block $1 trillion WTO deal on customs rules  [Reuters] 31 Jul, 2014
NEW DELHI/GENEVA (Reuters) - The World Trade Organization failed on Thursday to reach a deal to standardise customs rules, which would have been the first global trade reform in two decades but was blocked by India's demands ...
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S&P500 index posts worst fall since April; indexes down for July  [Reuters] 31 Jul, 2014
NEW YORK (Reuters) - The U.S. S&P500 stock index posted its worst daily fall since April and its first monthly drop since January on Thursday, as economic data sparked concern the Federal Reserve could raise interest rates soo ...
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Tesla posts $61.9 million loss as second-quarter sales climb  [Reuters] 31 Jul, 2014
DETROIT (Reuters) - Tesla Motors Inc, the California-based maker of luxury electric cars, said Thursday it lost $61.9 million, or 50 cents a share, in the second quarter, as revenue nearly doubled to $769.3 million.
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Action camera maker GoPro reports bigger loss as costs double  [Reuters] 31 Jul, 2014
(Reuters) - GoPro Inc , which makes wearable cameras used by surfers, skydivers and other action junkies to post their exploits online, reported a bigger quarterly loss as costs nearly doubled.
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S&P 500 posts worst day since April; indexes down for month  [Reuters] 31 Jul, 2014
NEW YORK (Reuters) - The S&P 500 posted its worst daily decline since April and first monthly drop since January on Thursday as economic data sparked concern that the Federal Reserve could raise interest rates sooner than some ...
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Action camera maker GoPro reports bigger loss  [Reuters] 31 Jul, 2014
(Reuters) - GoPro Inc , which makes cameras worn by surfers, skydivers and other action junkies to record and post their exploits online, reported a bigger quarterly loss as costs nearly doubled.
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LinkedIn revenue rises 47 percent  [Reuters] 31 Jul, 2014
(Reuters) - Corporate networking site LinkedIn Corp reported a 47 percent increase in quarterly revenue, helped by higher demand for its hiring solutions.
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WTO fails to agree global trade deal, Azevedo says  [Reuters] 31 Jul, 2014
GENEVA (Reuters) - The World Trade Organization failed on Thursday to reach a global deal to standardise customs rules, which would have been the first global trade reform in two decades but was blocked by India's demands for ...
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Tesla and Panasonic to build factory  [BBC News] 31 Jul, 2014
Electric carmaker Tesla is to team up with Japanese electronics firm Panasonic to build a battery manufacturing plant in the US.
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France's Iliad challenges Sprint for control of T-Mobile  [Reuters] 31 Jul, 2014
PARIS/NEW YORK (Reuters) - French telecoms company Iliad SA has made a surprise offer for T-Mobile US Inc , setting up a potential bidding war with rival suitor Sprint Corp , the U.S. mobile carrier now controlled by Japan's ...
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Lawyers expect hundreds of claims at start of GM ignition-switch fund  [Reuters] 31 Jul, 2014
NEW YORK (Reuters) - Several hundred claims are expected to be filed at the start of a GM-financed program being launched Friday to compensate victims of a faulty ignition switch on some of its vehicles, lawyers say.
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Wall Street drops, S&P on track for worst day since April  [Reuters] 31 Jul, 2014
NEW YORK (Reuters) - U.S. stocks fell more than 1 percent on Thursday, with the S&P 500 on track for its worst daily decline since April and first monthly drop since January, as concerns mounted over the strength of overseas e ...
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Ackman takes blame after hyped Herbalife talk flopped  [Reuters] 31 Jul, 2014
BOSTON (Reuters) - Billionaire investor William Ackman called himself his "own worst enemy" in reviewing why last week's much hyped presentation on Herbalife Ltd.'s nutrition clubs failed to deliver the "death blow" he h ...
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France's Iliad makes $15 billion bid to take control of T-Mobile U.S.  [Reuters] 31 Jul, 2014
NEW YORK (Reuters) - French telecoms company Iliad has made a surprise offer for T-Mobile US Inc , setting up a potential bidding war with rival suitor Sprint Corp , the U.S. mobile firm now controlled by Japan's Softbank .
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Target names outsider as CEO after data breach  [Reuters] 31 Jul, 2014
(Reuters) - Beleaguered retailer Target Corp named former PepsiCo and Wal-Mart executive Brian Cornell as CEO and chairman as it tries to regain customer confidence following a devastating data breach last year that hit earnings. ...
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France's Iliad makes buyout approach for T-Mobile U.S.: source  [Reuters] 31 Jul, 2014
NEW YORK (Reuters) - French telecoms operator Iliad SA has recently made a buyout approach for T-Mobile US Inc , according to a person familiar with the matter, a surprise bid that counters an existing takeover bid by Sprint Corp ...
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Gatwick staff to help with baggage  [BBC News] 31 Jul, 2014
Gatwick Airport will bring in up to 45 of its own staff to help with luggage handling to ensure there is no repeat of last weekend's delays.
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Wall St. tumbles; S&P below 50-day moving average  [Reuters] 31 Jul, 2014
NEW YORK (Reuters) - U.S. stocks slumped in a broad decline on Thursday, with the S&P 500 falling below a key technical level and erasing its gains for the month as concerns mounted over the strength of overseas economies and ...
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France's Iliad makes buyout offer for T-Mobile USA: source  [Reuters] 31 Jul, 2014
(Reuters) - French telecoms operator Iliad SA has made a buyout offer for T-Mobile USA Inc , a person familiar with the matter said, countering an offer by Sprint Corp .
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Brazil's Embraer sees more U.S. orders next year: CEO  [Reuters] 31 Jul, 2014
SAO PAULO (Reuters) - Brazil's Embraer SA , the world's third largest commercial planemaker, expects more new regional jet orders from the United States next year, given strong acceptance of E-175 aircraft delivered ther ...
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Brazil's Embraer sees more U.S. orders next year: CEO  [Reuters] 31 Jul, 2014
SAO PAULO (Reuters) - Brazil's Embraer SA , the world's third largest commercial planemaker, expects more new regional jet orders from the United States next year, given strong acceptance of E-175 aircraft delivered ther ...
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Gatwick bag handling firm dropped  [BBC News] 31 Jul, 2014
Leisure airline Monarch terminates its contract with Swissport, one of the baggage-handling companies at Gatwick airport, after weekend chaos.
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Gatwick bag handling firm dropped  [BBC News] 31 Jul, 2014
Leisure airline Monarch terminates its contract with Swissport, one of the baggage-handling companies at Gatwick airport, after weekend chaos.
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Wall St tumbles; Dow, S&P turn negative for July  [Reuters] 31 Jul, 2014
NEW YORK (Reuters) - U.S. stocks slumped in a broad decline on Thursday, with the Dow and S&P 500 turning negative for July on concerns over the strength of overseas economies and ongoing tensions with Russia.
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