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 Latest Business and Finance News
Oil prices down after weak China, Europe data [Geo TV]
SINGAPORE: Oil prices fell in Asia Tuesday following disappointing manufacturing data out of top ene ...Detail
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Asia shares edge up on steady Wall Street, euro clings to gains  [Reuters] 28 Aug, 2014
TOKYO (Reuters) - Asian stocks crept up on Thursday following another steady performance by Wall Street shares which hovered near record highs, while the euro clung to modest gains after rebounding from 13-month lows.
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Qantas converts Airbus A320 orders to upgraded A320neo variant  [Reuters] 28 Aug, 2014
SINGAPORE (Reuters) - Qantas Airways said on Thursday that it has converted orders for 21 Airbus A320 aircraft into the re-engined A320neo variant and deferred the delivery by four years.
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Exclusive: Microsoft CEO Nadella to visit China amid antitrust probe - source  [Reuters] 28 Aug, 2014
BEIJING (Reuters) - Microsoft Corp Chief Executive Officer Satya Nadella is set to visit China in late September, a source familiar with the matter said on Thursday, as the Chinese government conducts an antitrust investigation in ...
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Asia shares up on steady Wall St., euro clings to slim gains  [Reuters] 28 Aug, 2014
TOKYO (Reuters) - Asian stocks crept up early on Thursday following another steady performance by Wall Street shares which hovered near record highs, while the euro clung to modest gains after rebounding from 13-month lows.
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Exclusive: GM plans to move some Chevy Equinox assembly to Mexico -source  [Reuters] 28 Aug, 2014
DETROIT (Reuters) - General Motors Co and the United Auto Workers on Wednesday trumpeted the news that production of the Cadillac SRX would be shifted from Mexico to Tennessee, but Reuters has learned that GM also plans to move so ...
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PM: UK 'supports million Scots jobs'  [BBC News] 27 Aug, 2014
Alex Salmond The prime minister is to tell business leaders that the UK is "an economy of opportunity" which supports one million Scottish jobs.
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Boeing plan would bring Silicon Valley services to its South Carolina site  [Reuters] 27 Aug, 2014
NORTH CHARLESTON S.C. (Reuters) - Boeing Co is expected to receive final approval on Thursday to build what could be a Silicon Valley-style corporate campus as part of a major expansion of its factory in South Carolina.
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Tyson wins U.S. Justice Dept antitrust nod for Hillshire deal  [Reuters] 27 Aug, 2014
WASHINGTON (Reuters) - Tyson Foods Inc , the largest U.S. meat processor, on Wednesday won U.S. antitrust approval for its $8.5 billion purchase of Hillshire Brands Co .
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InterMune drug may offer big upside to Roche if aimed at liver  [Reuters] 27 Aug, 2014
(Reuters) - Roche Holding AG's planned $8 billion purchase of InterMune Inc is centered around hopes for blockbuster sales of its lung drug, but the smaller company's development pipeline may end up giving the Swiss drug ...
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Exclusive: GM moving some production between Mexico and Tennessee  [Reuters] 27 Aug, 2014
DETROIT (Reuters) - General Motors Co is shifting some production of the Cadillac SRX from Mexico to Tennessee, but will partly offset that by moving some Chevrolet Equinox manufacturing from Tennessee to Mexico, an industry sourc ...
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Mega-IPO to rekindle the 'bromance' behind Alibaba's rise  [Reuters] 27 Aug, 2014
BEIJING (Reuters) - Masayoshi Son's nose for an investment has turned a $20 million start-up punt on Alibaba into a stake worth maybe $50 billion or more as the Chinese e-commerce giant co-founded and led by Jack Ma heads to ...
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Tyson wins antitrust nod for Hillshire deal: U.S. Justice Dept  [Reuters] 27 Aug, 2014
WASHINGTON (Reuters) - Tyson Foods Inc, the largest U.S. meat processor, on Wednesday won U.S. antitrust approval for its purchase of Hillshire Brands Co.
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Wall Street drifts to another record in light trading  [Reuters] 27 Aug, 2014
NEW YORK (Reuters) - U.S. stocks were little changed on Wednesday, with the S&P 500 creeping up to another record closing high in a lethargic session, though a number of retail stocks traded heavily after reporting results.
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JPMorgan attacked by Russian computer hackers: report  [Reuters] 27 Aug, 2014
(Reuters) - JPMorgan Chase & Co and at least one other bank were attacked by Russian hackers in mid-August and the FBI is investigating whether the assault was in retaliation for U.S.-government sponsored sanctions against the ...
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U.S. judge rejects Apple bid for injunction against Samsung  [Reuters] 27 Aug, 2014
SAN FRANCISCO (Reuters) - A U.S. judge on Wednesday rejected a bid from Apple Inc for a permanent injunction against Samsung Electronics Co Ltd over three Apple patents that went to trial earlier this year.
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Tyson wins antitrust nod for Hillshire deal: U.S. Justice Department  [Reuters] 27 Aug, 2014
WASHINGTON (Reuters) - Tyson Foods Inc, the largest U.S. meat processor, won U.S. antitrust approval for its purchase of Hillshire Brands Co, the Justice Department said on Wednesday.
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Argentina wants deal with all holdout investors together  [Reuters] 27 Aug, 2014
BUENOS AIRES (Reuters) - Argentina's government on Wednesday ruled out further piecemeal debt talks with a small group of U.S. hedge funds and said the country needed to strike a deal with all bondholders which have rejected ...
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PwC must face $1 billion lawsuit over MF Global advice  [Reuters] 27 Aug, 2014
NEW YORK (Reuters) - A federal judge on Wednesday ordered PricewaterhouseCoopers to face a $1 billion lawsuit claiming that its bad accounting advice was a substantial cause of the October 2011 bankruptcy of MF Global Holdings Ltd ...
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Tyson wins U.S. antitrust approval of Hillshire deal: U.S. Justice Department  [Reuters] 27 Aug, 2014
WASHINGTON (Reuters) - Tyson Foods Inc has won U.S. antitrust approval for its purchase of Hillshire Brands Company, the Justice Department said on Wednesday.
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Tyson wins U.S. antitrust approval of Hillshire deal: Justice Department  [Reuters] 27 Aug, 2014
WASHINGTON (Reuters) - Tyson Foods Inc has won U.S. antitrust approval for its purchase of Hillshire Brands Company , the Justice Department said on Wednesday.
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GM to make Mexico-built Cadillac SRX crossover in Tennessee  [Reuters] 27 Aug, 2014
DETROIT (Reuters) - General Motors Co will shift production of its Cadillac SRX crossover vehicle from Mexico to its plant in Spring Hill, Tennessee, where the company once built vehicles for its defunct Saturn brand, the company ...
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Moscow courts back closure of three McDonald's branches  [Reuters] 27 Aug, 2014
MOSCOW (Reuters) - Russian courts on Wednesday backed the temporary closure of three McDonald's restaurants in Moscow for breaches of sanitary rules, amid a standoff with the West over Ukraine, while the state food safety wat ...
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Valeant, Ackman get October 6 trial over Allergan special meeting  [Reuters] 27 Aug, 2014
WILMINGTON Del. (Reuters) - Valeant Pharmaceuticals International Inc and activist investor William Ackman got their request for an expedited trial on Wednesday over the timing of a special meeting of Allergan Inc shareholders, a ...
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Wall Street flat at record highs, valuations seen reasonable  [Reuters] 27 Aug, 2014
NEW YORK (Reuters) - U.S. stocks were flat on Wednesday as investors found few reasons to extend a rally that has taken indexes to repeated records, even though market valuations were not seen as unduly stretched.
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GM to make Mexico-built Cadillac SRX crossover in Tennessee: UAW  [Reuters] 27 Aug, 2014
DETROIT (Reuters) - General Motors Co will build the Cadillac SRX crossover vehicle, now made in Mexico, at its plant in Spring Hill, Tennessee, where the company once built vehicles for its defunct Saturn brand, the United Auto W ...
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Oil rises before US crude inventories report  [Geo TV] 27 Aug, 2014
LONDON: Global oil prices climbed on Wednesday as dealers awaited the latest US stockpiles report for clues about
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Alibaba revenue soars ahead of IPO  [Reuters] 27 Aug, 2014
(Reuters) - China's Alibaba Group Holding Ltd [IPO-BABA.N], which is expected to go public in New York as early as next month, reported a 46 percent jump in quarterly revenue as growth in the world's largest e-commerce m ...
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Wall St. flat at record levels, valuations seen as reasonable  [Reuters] 27 Aug, 2014
NEW YORK (Reuters) - U.S. stocks were flat on Wednesday as investors found few reasons to extend a rally that has taken indexes to repeated records, even though market valuations were not seen as unduly stretched.
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Berlin bans car service Uber  [Reuters] 27 Aug, 2014
BERLIN (Reuters) - Berlin has banned car service Uber, which allows users to summon a ride on their smartphone, for not offering drivers and vehicles licensed to carry passengers, or full insurance cover, the German capital said. ...
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Russian courts close three McDonald's branches in Moscow: agencies  [Reuters] 27 Aug, 2014
MOSCOW (Reuters) - Russian courts on Wednesday ordered the temporary closure of three McDonald's restaurants in Moscow over breaches of sanitary rules, news agencies reported, amid a standoff with the West over Ukraine.
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