Wall Street rises, aided by growth data; Nasdaq ends at record
(Reuters) – Wall Street gained on Thursday, led by financial shares, after data showed U.S. economic growth was stronger than previously reported last quarter, helped by robust consumer spending, and the tech-heavy Nasdaq set a record closing high.
Ford hires 400 engineers, mostly in Canada, as cars go high tech
SAN FRANCISCO (Reuters) – Ford Motor Co said on Thursday it was hiring 400 engineers, mostly in Canada, to work on connectivity software and hardware, part of a wider push to meet demand for more connected cars.
After sale to Intel, Mobileye’s founder raises sights on IPO for OrCam
JERUSALEM (Reuters) – With the ink barely dry on the $15 billion sale of his autonomous driving technology firm Mobileye to Intel , inventive Israeli entrepreneur Amnon Shashua now has his sights set on taking another start-up public by the end of nex…
H&M invests in supply chain as fashion rivalry intensifies
STOCKHOLM (Reuters) – Cost controls helped H&M to limit a drop in quarterly pretax profit but the fashion chain said it was increasing investments this year as it tries to keep pace with its larger rival, Zara owner Inditex .
Samsung Electronics’ mobile chief says Galaxy S8 sales to beat S7’s
SEOUL (Reuters) – Tech giant Samsung Electronics Co Ltd expects sales of its new flagship Galaxy S8 smartphone to beat those of its 2016 predecessor Galaxy S7, the company’s head of mobile business said.
U.S. economic growth revised higher, boosted by consumer spending
WASHINGTON (Reuters) – U.S. economic growth slowed less than previously reported in the fourth quarter as robust consumer spending provided a boost that was partially offset by the largest gain in imports in two years.
Unions threaten to scupper Linde-Praxair merger
FRANKFURT/MUNICH (Reuters) – Linde labor representatives will vote against the German industrial gases group’s planned $65 billion merger with U.S. rival Praxair , the head of the German works council told Reuters on Thursday, in a move that could scu…
German lawmaker warns U.S. exchanges against Deutsche Boerse bids
LONDON (Reuters) – U.S. stock exchanges should not attempt to buy Deutsche Boerse , the German exchange whose bid to merge with its London counterpart has just collapsed, a senior German politician said on Thursday.
Westinghouse set to win UK reactor approval
LONDON (Reuters) – Toshiba’s Westinghouse, which filed for bankruptcy on Wednesday, is on track to win approval for its AP1000 reactor design by the end of March, Britain’s nuclear regulator said.
Saudi Aramco formally appoints banks to advise on share sale
LONDON (Reuters) – Saudi Aramco has formally appointed JPMorgan Chase & Co , Morgan Stanley and HSBC as international financial advisers for its initial public offering, sources familiar with the matter told Reuters.
