Japan finance minister Aso: No talk on forex with U.S. Treasury Secretary Lew
CAIRNS Australia (Reuters) - Japanese Finance Minister Taro Aso said on Friday there was no discussion on currency moves at his meeting with U.S. Treasury Secretary Jack Lew. He also said the two agreed on the need to achieve sustainable economic growth in Japan and the United States as the euro-zone economy stagnates. Aso made the remarks after meeting with Lew on the sidelines of the Group of 20 finance leaders' weekend gathering in the Australian city of Cairns. ...
Fri, 19 Sep 2014 05:09:45 -0400
Relief for Europe as Scotland stays put
By Marc Jones LONDON (Reuters) - British markets rallied and the rest of Europe followed suit on Friday as Scotland's decision to stay in the United Kingdom eased investors past the latest in a recent run of global political obstacles. With almost all the votes in, the camp for Scotland to remain in the UK was ahead 55 percent to 45 percent, an outcome likely to bring relief to a number of countries in Europe, particularly Spain, which is facing similar secessionist pressures in Catalonia. ...
Fri, 19 Sep 2014 04:44:54 -0400
Alibaba IPO prices at top of range, raising $21.8 billion
By Liana B. Baker, Jessica Toonkel and Deepa Seetharaman (Reuters) - Alibaba Group Holding priced its initial public offering at $68 a share, the top end of the expected range, raising $21.8 billion on Thursday, in the latest sign of strong investor appetite for the Chinese e-commerce juggernaut. At that price, the IPO, one of the largest-ever, would give Alibaba a market valuation of $167.6 billion, surpassing American corporate icons from Walt Disney Co to Boeing Co . The offering also vaults it atop U.S. ...
Fri, 19 Sep 2014 05:09:15 -0400
China fines British drugmaker GSK $489 million, jails ex-China head
BEIJING (Reuters) - China has fined British pharmaceuticals giant GlaxoSmithKline Plc GSK.L 3 billion yuan ($488.8 million) for paying out bribes in what is a record penalty for China, state news agency Xinhua said on Friday. A court in Changsha has also sentenced Mark Reilly, the former head of GSK in China, and other GSK executives to between two and four years in jail, Xinhua added. The verdict, handed out behind closed doors in a single-day trial according to Xinhua, is the culmination of a Chinese probe into the British drug maker which Chinese authorities made public in July last year. ...
Fri, 19 Sep 2014 04:48:35 -0400
SAP agrees to buy expense software maker Concur for $7.3 billion
FRANKFURT (Reuters) - German business software maker SAP said on Thursday it has agreed to acquire U.S.-based expense management software maker Concur Technologies Inc in a cash deal valued at $7.3 billion. SAP said in a statement it would offer $129 per share, a 20 percent premium over the Sept. 17 closing price. Based on 57 million outstanding shares, the offer for Bellevue, Washington-based Concur is valued at $7.3 billion. Including debt, the offer represents an enterprise value of about $8.3 billion, SAP said. ...
Fri, 19 Sep 2014 05:03:05 -0400
Ford to cut production at Cologne as European demand cools
BERLIN (Reuters) - Ford is to cut production of its top-selling European car in the fourth quarter because of slowing demand in some of the region's key markets, it said on Friday. The U.S. carmaker will halt assembly of its Fiesta hatchback at Cologne in Germany, its main European plant, on a total of 11 days in October and November, citing "lower demand" in the second half of the year. Passenger car sales across Europe edged up 1. ...
Fri, 19 Sep 2014 04:21:57 -0400
Food companies, restaurants add protein to beef up profits
By Yasmeen Abutaleb NEW YORK (Reuters) - Though diet studies disagree about what's worse for you, carbohydrates or fat, most say nice things about eating protein, including its potential for better weight control. U.S. consumers have taken note, and so have food manufacturers and restaurant chains. More than a dozen companies have introduced new products or meals that are "enriched" or "fortified" with protein in the last few years, and the protein push is accelerating. ...
Fri, 19 Sep 2014 01:21:49 -0400
Oracle's Ellison steps aside, co-CEOs Catz and Hurd take over
By Noel Randewich and Bill Rigby SAN FRANCISCO/SEATTLE (Reuters) - Larry Ellison, co-founder and leader of Oracle Corp for 37 years, stepped aside as chief executive officer on Thursday, to be replaced by co-CEOs Safra Catz and Mark Hurd, raising questions about a job-sharing arrangement that has had a fraught record elsewhere. Ellison and the two new co-CEOs each stressed that nothing would change under the new management structure, with Ellison staying on as executive chairman and chief technology officer. But Oracle shares fell 2 percent to $40. ...
Thu, 18 Sep 2014 22:25:15 -0400
Home Depot breach bigger than Target at 56 million cards
By Jim Finkle and Nandita Bose BOSTON/CHICAGO (Reuters) - Home Depot Inc Thursday said some 56 million payment cards were likely compromised in a cyberattack at its stores, suggesting the hacking attack at the home improvement chain was larger than last year's unprecedented breach at Target Corp . Home Depot, in providing the first clues to how much the breach would cost, said that so far it has estimated costs of $62 million. But it indicated that costs could reach much higher. ...
Thu, 18 Sep 2014 19:16:12 -0400
Apple's iPhone 6 Plus includes chips from Qualcomm, Skyworks: iFixit
By Noel Randewich SAN FRANCISCO (Reuters) - Apple's iPhone 6 Plus uses chips from Qualcomm , Skyworks Solutions , Avago Technologies and other companies, according to gadget repair firm iFixit, which pried one of the devices open in Melbourne early on Friday. Apple said it received a record 4 million first-day pre-orders for the new phones, double the number for the iPhone 5 two years ago, underscoring investors' expectations the new handset will maintain the Silicon Valley company's stellar growth. The company is releasing a 4.7-inch iPhone 6 and 5.5-inch iPhone 6 Plus. ...
Thu, 18 Sep 2014 23:50:52 -0400
Copyright (c) 2014 Yahoo! Inc. All rights reserved