Italian banks sink on early election worries
LONDON (Reuters) – Concern over Italy’s banks and Britain’s national election dominated holiday-thinned European financial markets on Monday, pushing stock markets lower after Asian share indices fell back off two-year highs.
Lenovo’s struggling mobile business sets sight on high-end market
HONG KONG (Reuters) – After a bruising fall from its spot as the world’s third-largest mobile phone maker following its acquisition of Motorola three years ago, China’s Lenovo Group Ltd is counting on a push upmarket to stop the bleeding in its smartp…
Russia squares up to Boeing, Airbus with maiden jet flight
MOSCOW (Reuters) – Russia carried out the maiden flight of its new MS-21 medium-range passenger plane on Sunday, its first post-Soviet foray into production of a mainline commercial aircraft which it hopes will rival those of its Western competitors.
Supply problems hit production at BMW: Focus
FRANKFURT (Reuters) – Problems at one of its suppliers has forced German carmaker BMW to halt production in Leipzig and could hit its plants in China and South Africa, German magazine Focus reported in its online edition.
Beijing bling: Hyundai plots China branding reboot after missile row
SEOUL/BEIJING (Reuters) – Bruised by anti-Korean sentiment in its biggest market and losing ground to local automakers, Hyundai Motor will open its first Chinese brand store, and may locally assemble its premium Genesis cars and accelerate the launch …
Reliance Communications hit by Indian mobile price war
MUMBAI (Reuters) – Indian mobile phone network operator Reliance Communications Ltd posted its second straight quarterly loss on Saturday, hit by the price war which has broken out in the world’s second-biggest mobile market by number of users.
GM says ISS advises against Greenlight share plan, board nominees
(Reuters) – General Motors Co said on Saturday that proxy advisory firm Institutional Shareholder Services has recommended that shareholders vote against a slate of directors proposed by hedge fund Greenlight Capital and reject the hedge fund’s plan to…
Switch it up this year: Buy in May, till November stay
NEW YORK (Reuters) – “Sell in May and go away” is perhaps the oldest saw on Wall Street, but it appears there’s no shortage of U.S. mutual funds doing exactly that this year.
Slim seeks to sell minority stake in tower company Telesites: sources
(Reuters) – Billionaire Carlos Slim is looking to sell a minority stake in Telesites SAB de CV , the Mexican wireless tower company that he controls, people familiar with the matter said on Friday.
PepsiCo in bid to acquire Vita Coco owner: sources
(Reuters) – Soft drink maker PepsiCo Inc is in talks to acquire All Market Inc, the owner of coconut water brand Vita Coco, whose celebrity investors include Madonna and Matthew McConaughey, people familiar with the matter said on Friday.
