October 8, 2013 11:00 am
Vodafone is preparing to invest as much as $2 billion to buy out minority shareholders in its Indian business, becoming the first company to take advantage of new rules liberalizing foreign ownership of telecoms group in Asia’s third-largest economy. The telecom giant group will file an application this month to India’s foreign investment promotion board, […]
Read moreOctober 8, 2013 7:01 am
Alcatel-Lucent SA plans to reduce staff by 10,000 as Chief Executive Officer Michel Combes implements strategy with cost cuts to turn around the unprofitable network-equipment maker, two people with knowledge of the matter said. The cuts would represent about 14% of Alcatel-Lucent’s workforce worldwide. The equipment maker will reduce its staff by about 15,000 jobs […]
Read moreOctober 8, 2013 6:24 am
U.S. stocks declined, with the Standard & Poor’s 500 Index dropping to the lowest level in a month, as lawmakers remained in disagreement over extending the nation’s debt limit to avoid a default. The S&P 500 fell 0.9% to 1,676.12 at 4 p.m. in New York, the lowest since Sept. 9. The Dow Jones Industrial […]
Read moreOctober 7, 2013 2:22 pm
European stock indexes dropped to lowest levels in almost a month as US House speaker John Boehner dismissed a possibility of clean passing the raise of federal governments debt limit. The Stoxx Europe 600 Index slid 0.7% to 307.6 at 2:27 p.m. in London, its lowest level since Sept. 10. The equity benchmark slipped 0.7% […]
Read moreOctober 7, 2013 1:26 pm
U.S. stock-index futures sank, pointing out to lower opening of the Standard & Poor’s 500 Index which may extend two weeks of losses, as negotiations to lift up the nation’s debt limit and avoid a default made little progress. S&P 500 futures expiring in December fell 0.8% to 1,671 at 8:56 a.m. in New York […]
Read moreOctober 7, 2013 9:16 am
Peter Voser’s four-year journey as a CFO and CEO in the Royal Dutch Shell hot seat is leaving investors a lot surer of Shell than they were in 2009. As chief financial officer and then as chief executive, Mr Voser helped transform a group that was troubled to its foundations by a reserves accounting scandal […]
Read moreOctober 7, 2013 7:17 am
Airbus announced it had won its first jet order from Japan Airlines today, breaking into the last major aviation market dominated by rival Boeing. The aicraft manufacturer entered Boeings “airspace” with a deal that involves the sale of 31 A350 aircraft to Japan Airlines and is worth $9.5 billion based on list prices. The first […]
Read moreOctober 7, 2013 6:29 am
U.S. stocks advanced, with the Standard & Poor’s 500 Index compensating for weekly decline, as optimism grew that the lawmakers would reach a deal to end the budget impasse and avoid a default on the federal debt. The S&P 500 added 0.7% to 1,690.50 at 4 p.m. in New York. The Dow Jones Industrial Average […]
Read moreOctober 4, 2013 2:03 pm
Taiwanese smartphone producer HTC has taken a firm position against the idea of a takeover, said Cher Wang co-founder and chairperson of the company, which conceded its first-ever quarterly loss on Friday driven by slumping sales amid aggressive competition in the global handset market. “We dont need to be taken over,” Wang told CNBCs Managing […]
Read moreOctober 4, 2013 11:15 am
US stock-index futures rose, pointing out the Standard & Poors 500 index could trim its weekly decline as investors are focused on expected talks to end the government shutdown and raise the debt limit. S&P 500 futures expiring in December added 0.2% to 1,673.3 at 7:05 a.m. New York time as House Republicans prepared to […]
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