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Exclusive: Marubeni says Chinese authorities detain three staff at grain unit

TOKYO/BEIJING (Reuters) – Three employees at one of Marubeni Corp’s (8002.T) grain trading units in China have been detained by authorities, the Japanese trading house said on Thursday, a move industry sources said was prompted by allegations of tax evasion … Continue reading

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Apple shares hit 2014 highs, Asian stocks lag

SYDNEY (Reuters) – Shares in tech heavyweights Apple and Facebook held hefty after-hours gains on Thursday as their results handily outpaced Wall Street expectations, though Asian markets managed only a mumbled cheer. The Nikkei slipped 0.97 percent with some investors … Continue reading

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Hyundai Motor first-quarter profit misses estimates, hurt by slow U.S. sales

SEOUL (Reuters) – South Korea’s Hyundai Motor (005380.KS) missed analyst estimates by posting first-quarter net profit that was almost identical to a year earlier, as lackluster U.S. performance offset increased sales in China and Korea. Shares of Hyundai fell over … Continue reading

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Canon nudges up profit forecast on higher office equipment sales

TOKYO (Reuters) – Canon Inc (7751.T) raised its full-year operating profit target by a slight 1.4 percent after strong sales of office copiers and printers in the first quarter. Canon, the world’s biggest camera maker, said in its quarterly earnings … Continue reading

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SodaStream shares spike on report of Starbucks talks

(Reuters) – Shares in SodaStream International Ltd (SODA.O) rose as much as 17 percent on Wednesday after the Israeli business newspaper Globes said Starbucks Corp (SBUX.O) was in advanced talks to buy 10 percent of the home soft drink maker, … Continue reading

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IBM unveils new server model to tackle big data, analytics

NEW YORK (Reuters) – International Business Machines Corp, in its latest attempt at reviving demand for its hardware products, is launching high-end system servers that it says are 50 times faster than its closest competitor at analyzing data. The POWER8 … Continue reading

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Telekom Austria proves slippery target for Slim

VIENNA (Reuters) – Tycoon Carlos Slim stumbled in his bid for control of Telekom Austria (TELA.VI) on Wednesday, as a meeting designed to rubber-stamp a co-ownership deal with the Austrian government was boycotted by labor representatives unhappy with the proposal. … Continue reading

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Special Report: For private deals, no one is watching the watchdogs

OMAHA, Nebraska (Reuters) – From 2006 to 2009, Provident Asset Management raised $485 million from 7,700 investors who were drawn to its promises of annual returns as high as 18 percent on oil and gas assets. Law firm Mick Associates … Continue reading

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Wal-Mart to report how compliance targets impacted executive pay: WSJ

(Reuters) – Wal-Mart Stores Inc (WMT.N) is set to report as soon as Wednesday on how its executives performed on their goals to overhaul compliance operations and how that affected their pay, the Wall Street Journal reported. The company’s board … Continue reading

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China PMI as predicted, Aussie drops after inflation data

SYDNEY/SINGAPORE (Reuters) – Asian stock markets were little moved on Wednesday after a Chinese manufacturing survey met expectations, but the Australian dollar plunged to a two-week low after data showed surprisingly low inflation in that country’s economy. Investors hoping that … Continue reading

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