Home » Posts Tagged "Business"

Business Stories

Dollar’s rally bad news for oil, multinationals

NEW YORK (Reuters) – The asset with the greatest prowess of late has been the U.S. dollar, and if its rally continues, it threatens to eat into the earnings of multinational companies. The greenback’s recent gains have lifted the dollar … Continue reading

Filed under Business | Tagged , , , |

As G20 chases growth goal, members differ on how to get there

CAIRNS Australia (Reuters) – Financial leaders of the Group of 20 top economies remain committed to chasing higher global growth, but were divided on how to achieve it as Germany pushed back at calls from the United States and others … Continue reading

Filed under Business | Tagged , , , |

Air France pilots extend strike until Sept. 26

PARIS (Reuters) – Air France pilots have voted to extend their week-long strike over cost cuts and plans for the company’s Transavia unit by a further four days until Sept. 26, the head of the SNPL union said on Saturday. … Continue reading

Filed under Business | Tagged , , , |

German defense industry threatens to move production abroad

FRANKFURT (Reuters) – Germany’s defense industry lobby has warned that companies were looking into shifting production abroad in response to the country’s restrictive arms export policy. “All large defense contractors in Germany are assessing whether they can stay in the … Continue reading

Filed under Business | Tagged , , , |

Exclusive: France’s Iliad sets mid-Oct deadline for T-Mobile US bid

LONDON/FRANKFURT (Reuters) – French low-cost telecom operator Iliad has set a mid-October deadline to decide whether to improve its bid for T-Mobile US or walk away as it faces resistance from seller Deutsche Telekom, several people familiar with the situation … Continue reading

Filed under Business | Tagged , , , |

U.S. court tosses Argentina, Citigroup appeal in bond case

NEW YORK (Reuters) – A U.S. appeals court on Friday dismissed an appeal by Citigroup Inc (C.N) and Argentina of a judge’s order blocking the bank from processing payments on $8.4 billion in bonds issued under the country’s local laws … Continue reading

Filed under Business | Tagged , , , |

U.S. court voids RadioShack class-action settlement over card receipts

(Reuters) – A federal appeals court on Friday voided RadioShack Corp’s class-action settlement with customers who objected to its putting credit and debit card expiration dates on receipts, saying the benefits of the accord appeared too small relative to the … Continue reading

Filed under Business | Tagged , , , |

When music stops for Oracle CEO dance, Catz may grab Ellison’s chair : analysts

NEW YORK (Reuters) – If Larry Ellison sailed off on his yacht for good tomorrow, who would really run Oracle Corp (ORCL.N)? Reuters asked a cast of Wall Streets analysts, and the verdict is dealmaker and finance guru Safra Catz. … Continue reading

Filed under Business | Tagged , , , |

U.S. Silica sees sand demand piling up as fracking goes super-sized

(Reuters) – Sand miner U.S. Silica Holdings Inc said demand could triple over the next five years as energy companies use increasing amounts of sand in hydraulic fracturing to extract more oil and gas from shale fields. “We are seeing … Continue reading

Filed under Business | Tagged , , , |

Opportunists cash in on delayed iPhone launch in China

SINGAPORE/TOKYO (Reuters) – Lured by the promise of profit from smuggling the new iPhones into China, opportunists joined the thousands of Apple Inc fans lining up to buy the devices as they were launched on Friday across Asia. Regulatory hurdles … Continue reading

Filed under Business | Tagged , , , |