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U.S. business spending tepid; labor market firming
By Lucia Mutikani WASHINGTON (Reuters) – New orders for U.S. manufactured capital goods unexpectedly fell in September amid weak demand for computers and electronic products, which could temper expectations for an… Originally posted here: U.S. business spending tepid; labor market firming Read More →
Apple’s holiday surprise: big sales, not so big profits
Apple Inc posted its third successive quarter of declining iPhone sales on Tuesday and forecast slimmer-than-expected profit margins over the upcoming holiday season even as it projected record sales, sending its shares down. “In essence, in China and elsewhere, while Apple’s See the rest here: Apple’s holiday surprise: big sales, not so big profits Read More →
Toyota again leads U.S. auto reliability survey, Buick surprises
Two Toyota Motor Corp brands again led the annual reliability survey from Consumer Reports magazine, and General Motors Co's Buick was the first American brand in at least 35 years to crack the top three, the consumer magazine said on Monday. It was the fourth … Originally posted here: Toyota again leads U.S. auto reliability survey, Buick surprises Read More →
BAT offers to buy U.S. tobacco firm Reynolds in $47 billion deal
British American Tobacco has offered to buy out U.S. cigarette maker Reynolds American Inc in a $47 billion takeover that would create the world's biggest listed tobacco company with brands including Newport, Lucky Strike and Pall Mall. The cash-and-stock deal would mark the return of BAT to the lucrative and highly regulated U.S. market after a 12-year absence, making … More: BAT offers... [Read more]
Apple stock hits highest since December on Samsung Note 7 fire crisis
By Noel Randewich SAN FRANCISCO (Reuters) – Apple Inc's stock on Monday jumped 2.3 percent, reaching a high not seen since December, after rival Samsung Electronics Co Ltd suspended production of its flagship Galaxy Note 7 smartphones following reports of fires in replacement devices. Fires in the smartphones that were meant to replace devices that had been recalled because of their propensity... [Read more]
Verizon may shift holiday marketing away from Note 7: spokeswoman
Verizon Communications Inc, the largest U.S. wireless carrier, may shift marketing away from Samsung Electronics Co Ltd's troubled Galaxy Note 7 mobile phone heading into the critical holiday selling season, a company spokeswoman said on Monday. Samsung, the world's largest smartphone maker, announced a global recall of at least 2.5 Read the original post: Verizon may shift holiday marketing... [Read more]
Samsung to halt global sales, exchanges of Galaxy Note7
By Se Young Lee SEOUL (Reuters) – Samsung Electronics Co Ltd said on Tuesday it will ask all global partners to stop sales and exchanges of the Galaxy Note7 smartphones, further deepening the smartphone See the original post here: Samsung to halt global sales, exchanges of Galaxy Note7 Read More →
IMF’s Lipton likes Bank of Japan policy revamp, calls for more ‘arrows’
International Monetary Fund First Deputy Managing Director David Lipton welcomed the Bank of Japan's new policy framework as a boost to its credibility, but called for more vigorous fiscal and structural policies to reflate a fragile economic recovery. Lipton also shrugged off the view that monetary policy was nearing its limit as a means to revive economies across the globe, stressing that central... [Read more]
U.S.’ Lew says UK authorities need time to probe pound crash
U.S. Treasury Secretary Jack Lew said on Friday it was necessary to give British authorities some time to determine what drove a steep drop in the pound before jumping to conclusions. “Based on our own experience, it takes some time to find out why such movements occur,” Lew told a news conference at the International Monetary Fund and World Bank Meetings in Washington. The pound's... [Read more]
Exclusive: Twitter to conclude sale deliberations this month – sources
Twitter Inc has told potential acquirers it is seeking to conclude negotiations about selling itself by the time it reports third-quarter earnings on Oct. 27, according to people familiar with Excerpt from: Exclusive: Twitter to conclude sale deliberations this month – sources Read More →