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By Jim Finkle and Karen Freifeld BOSTON/NEW YORK Thu Apr 3, 2014 6:58pm EDT (Reuters) – A number of U.S. states are jointly investigating a data breach involving a subsidiary of Experian Plc that exposed the social security numbers of some 200 million people to potential criminal activity. A Vietnamese man last month confessed in U.S. District Court in New Hampshire to orchestrating the breach, so the focus of the multistate investigation will likely be […]
(Reuters) — Lufthansa cancelled some 3,800 flights as pilots began a three-day walkout on Wednesday (April 2), in what is one of the biggest strikes ever to hit the German airline. Vereinigung Cockpit, the union representing most of Lufthansa’s 5,400 pilots, last week said it was calling for a three-day strike from April 2 over plans by Germany’s largest airline to scrap an early retirement deal. Although Lufthansa had improved its offer, the pilots said […]
(Reuters) – U.S. factory activity accelerated for a second straight month in March and auto sales surged, the latest signs the economy was regaining footing after a brutal winter. Unusually cold and snowy weather chilled activity early in the year and signs of a thaw have raised hopes of a strong bounce back in economic growth in the second quarter. “Winter is over. The economy is looking more positive,” said Chris Rupkey, chief […]
(Reuters) – China’s Huawei Technologies Ltd, the world’s No.2 telecommunications equipment maker, reported its fastest profit growth in four years as expansion in enterprise and consumer revenue far exceeded growth in its network building division. The unlisted company has benefited from companies investing heavily in cloud and mobile computing, while it has shipped so many mobile handsets that it became the world’s third-biggest smartphone manufacturer last year. Shenzhen-based Huawei is now looking for revenue from […]
In recent years, Swiss luxury watch industry experienced double digit growth. But these times, such growth may now be ending.
By Margaret Chadbourn and Aruna Viswanatha WASHINGTON Wed Mar 26, 2014 6:42pm EDT (Reuters) – Bank of America agreed to pay $9.3 billion to settle claims that it sold Fannie Mae and Freddie Mac faulty mortgage bonds, helping the bank to end one of the largest legal headaches it still faced from the financial crisis. The settlement, announced on Wednesday, includes $6.3 billion in cash and $3.2 billion in securities that Bank of America will […]
By Soyoung Kim and Greg Roumeliotis NEW YORK Tue Mar 25, 2014 6:02pm EDT (Reuters) – Blackstone Group LP is close to a deal to buy industrial conglomerate Gates Global Inc for more than $5.5 billion, people familiar with the matter said, in what would be one of the largest leveraged buyouts so far this year. The buyout firm is in the final stages of negotiations with Gates’ private equity owners, Onex Corp and the […]
By Angela Moon NEW YORK Tue Mar 25, 2014 6:51pm EDT (Reuters) – U.S. stocks ended higher on Tuesday, rebounding from a two-day decline as the hard-hit biotechnology sector regained its momentum and a strong read on consumer confidence increased optimism about the economy. Trading was choppy throughout the day with the Nasdaq at one point turning lower, led by a sharp reversal in biotech shares. .So-called momentum stocks were still down for the day […]
By Alexei Oreskovic and Malathi Nayak SAN FRANCISCO Tue Mar 25, 2014 6:43pm EDT (Reuters) – Facebook Inc will acquire two-year-old Oculus VR Inc, a maker of virtual-reality glasses for gaming, for $2 billion, buying its way into the fast-growing wearable devices arena with its first-ever hardware deal. The acquisition, which comes hot on the heels of its $19 billion deal for messaging service WhatsApp, marks a big bet by Facebook to anticipate the next […]
(Reuters) – Asian shares lurched lower in a cautious start to the week on Monday, as investors were hobbled by the persistent tensions in Ukraine, uncertainty over Federal Reserve policy and worries about slowing growth in China. The euro edged away from a recent low hit against the dollar as traders continued to recalibrate expectations around U.S. monetary policy after Fed Chair Janet Yellen last week raised the prospect of an earlier start to interest […]
(Reuters) – The number of Americans filing for jobless benefits hovered near three-month lows last week and factory activity in the Mid-Atlantic region rebounded this month, suggesting the economy is regaining strength after being hobbled by severe weather. While other data on Thursday showed home sales at a 1-1/2 year low in February, the tight stock of houses on the market that has constrained sales eased for a second straight month, opening the door wider […]
(Reuters) – The CEOs of Russia’s two largest firms are on a list of those who may be hit next week with European and U.S. sanctions over the Crimea crisis, a German newspaper said on Friday, suggesting tougher than expected measures against Russia’s elite. Moscow shipped more troops and armor into Crimea on Friday and repeated its threat to invade other parts of Ukraine, showing no sign of heeding Western pleas to back off from the […]
