Business

Philips says to spin off lighting branch in ‘historic’ IPO

HAGUE , Netherlands (AFP) -- Electronics giant Philips announced Tuesday it was floating its lighting arm on the stock market…

Lufthansa flies into red in first quarter

FRANKFURT , Germany (AFP) -- German airline Lufthansa said Tuesday that one-off effects and price pressures pushed it into a…

HSBC Q1 net profit down 18 percent at $4.3 bn

HONG KONG , China (AFP) -- HSBC's net profit was down 18 percent at $4.3 billion in the first quarter,…

Baker Hughes to buy back shares

Baker Hughes will quickly put to use the $3.5 billion breakup fee it'll get from Halliburton after the two called…

Chicago woman sues Starbucks for putting too much ice in drinks

A Chicago woman has sued Starbucks Corp in federal court, claiming the world's largest coffee chain puts too much ice…

China, Japan growth to slow sharply in 2016, IMF warns

HONG Kong, China (AFP) -- China and Japan's economies are expected to slow sharply over the next two years but…

Chicago woman sues Starbucks for putting too much ice in drinks

  (REUTERS)  A Chicago woman has sued Starbucks Corp in federal court, claiming the world's largest coffee chain puts too…

IEA chief says oil price bottoming depends on global growth

  KITAKYUSHU, Japan (Reuters) - International Energy Agency (IEA) chief Fatih Birol said on Sunday that oil prices may have…

Germany woos electric car buyers

The German government and auto industry has agreed to subsidize electric and hybrid cars. As David Pollard reports, buyers will…

China Eastern Airlines to buy 35 planes from Airbus and Boeing

BEIJING , China (AFP) --One of China's top airlines will split $10 billion of new orders between European manufacturer Airbus…

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