Business
May
Analysis: China eschews fiscal fanfare for supportive spending
BEIJING (Reuters) – China’s focus on fine-tuning monetary and fiscal policies to fight the risk of a sudden economic slide worries investors pricing in a sixth successive quarter of slowing growth with no obvious sign of the solid stimulus they want. Originally posted from Analysis: China eschews fiscal fanfare for supportive spending
May
Stock index futures signal early rebound
PARIS (Reuters) – Stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500 up 0.85 percent, Dow Jones futures up 0.49 percent and Nasdaq 100 futures up 0.79 percent at 0842 GMT. Originally posted from Stock index futures signal early rebound
May
DaVita to buy Healthcare Partners for about $4.4 billion
(Reuters) – DaVita Inc , the biggest U.S. operator of dialysis clinics, said it agreed to acquire HealthCare Partners for about $4.42 billion in a cash and stock deal. Originally posted from DaVita to buy Healthcare Partners for about $4.4 billion
May
Apple,Samsung CEOs in U.S. court talks over patent row
SAN FRANCISCO (Reuters) – The chief executives of Apple Inc and Samsung Electronics Co Ltd come face to face on Monday in court-directed mediation in the United States over a dispute in which the iPhone maker claims the Korean firm has “slavishly” copied some of its products. Originally posted from Apple,Samsung CEOs in U.S. court [...]
May
Alibaba buys back 20 percent stake held by Yahoo for $7.1 billion
SHANGHAI/NEW YORK (Reuters) – Chinese Internet entrepreneur Jack Ma is buying back up to half of a 40 percent stake in his Alibaba Group from Yahoo Inc for $7.1 billion, in a deal that moves the Chinese e-commerce leader closer to a public listing. Originally posted from Alibaba buys back 20 percent stake held by [...]
May
Opel CEO to face heat from workers over likely plant closure
FRANKFURT, Germany (Reuters) – The head of General Motors unit Opel will face workers’ concerns on Monday over reported plans to shut one of its four German plants as the automaker pulls production of the Astra, its best-selling model, from the country. Originally posted from Opel CEO to face heat from workers over likely plant [...]
May
Ex-Goldman director faces U.S. jury in insider case
NEW YORK (Reuters) – Barely a day went by at the insider-trading trial of multimillionaire hedge-fund founder Raj Rajaratnam a year ago without mention of Rajat Gupta, a boldface name in business and charity circles. Originally posted from Ex-Goldman director faces U.S. jury in insider case
May
Qantas to cut another 500 maintenance jobs
MELBOURNE (Reuters) – Australia’s top airline Qantas Airways said on Monday it is eliminating 500 jobs by merging maintenance facilities to save up to A$100 million ($98.4 million) annually, as high fuel costs and weak demand take a toll on airline profits. Originally posted from Qantas to cut another 500 maintenance jobs
May
Nasdaq to revamp system after tech problems on Facebook IPO: WSJ
(Reuters) – The Nasdaq is planning to revamp its systems for handling stock offerings after acknowledging that technology problems had affected trading in millions of newly issued Facebook shares on Friday, the Wall Street Journal reported. Originally posted from Nasdaq to revamp system after tech problems on Facebook IPO: WSJ
May
Alibaba buys back 20 percent stake held by Yahoo for $7.1 billion
(Reuters) – Yahoo Inc said it is to sell up to half of its stake in Internet entrepreneur Jack Ma’s Alibaba Group back to the Chinese company for $7.1 billion, and hand most of the sale proceeds to its shareholders. Originally posted from Alibaba buys back 20 percent stake held by Yahoo for $7.1 billion