Author Archives: Editor - Business News

Nixon Peabody Reaches Merger Accord with Chicago Firm

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Paul Weiss Called In to Investigate Deflate-Gate

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King & Spalding Advises Latest Bidder for New York City Opera

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Wall Street rises after Greek elections; energy climbs

NEW YORK (Reuters) – U.S. stocks edged higher on Monday as investors brushed off fears that a leftist victory in Greece would bring fresh crisis to the Eurozone and energy stocks advanced. The leftist, anti-bailout Syriza party won decisively in … Continue reading

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Toyota to move to merit-based pay for factory workers: Nikkei

(Reuters) – Toyota Motor Corp (7203.T) will change the way it pays factory workers, focusing on their performance rather than their seniority, the Nikkei reported on Monday. Toyota’s new arrangement, designed to attract young talent, will apply to about 40,000 … Continue reading

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U.S. deficit to dip in 2015 as era of dramatic declines ends: CBO

WASHINGTON (Reuters) – The U.S. budget deficit will decline slightly to $468 billion this fiscal year, the lowest level since President Barack Obama took office, congressional forecasters said on Monday in a report heralding the end of a brief period … Continue reading

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Qantas, Virgin use lower oil prices to absorb fuel surcharges

SYDNEY (Reuters) – Qantas Airways Ltd (QAN.AX) said on Tuesday it is restructuring its international tariffs to absorb fuel surcharges into base fares, adding that lower oil prices put airlines in a better position to invest in new aircraft, lounges … Continue reading

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McDermott Taps New COO, Plus More Lateral Moves

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India turns to corner shops, mobile phones for banking revolution

NEW DELHI/MUMBAI (Reuters) – India is betting that mobile phone vendors, fuel stations and corner stores can help it put basic banking within the grasp of hundreds of millions of its poor people living beyond the reach of traditional bank … Continue reading

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Japan exports grow most in year, signaling steady recovery from recession

TOKYO (Reuters) – Japan’s exports grew the most in a year in December, helped by a weak yen and a pick-up in overseas demand led by the United States, an encouraging sign for the recession-hit economy even as doubts persist … Continue reading

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