China’s slowing industrial profits show rising debt hampering economy
BEIJING (Reuters) – Profit growth in China’s industrial firms slowed sharply as some key manufacturing sectors stumbled on weak activity and rising debt, suggesting the world’s second-biggest economy remains underpowered despite emerging signs of stabi…
Wal-Mart focuses on online order pickup in stores, lower prices
NEW YORK (Reuters) – Wal-Mart Stores Inc said on Wednesday it will make tens of thousands more items from its online assortment available for same-day store pickup, and will offer more lower-priced items instead of deals as part of efforts to attract s…
Oil lingers below $50 over doubts OPEC can coordinate output cut
SINGAPORE (Reuters) – Oil prices were stable on Thursday, but remained below $50 a barrel, as doubts over OPEC’s ability to organize a coordinated production cut weighed on markets, while firm demand and concerns over Venezuela’s stability offered supp…
Salesforce CEO speaks of failed efforts to buy Twitter, LinkedIn
(Reuters) – Salesforce.com Inc Chief Executive Officer Marc Benioff spoke on Wednesday about a pair of key acquisitions that got away, suggesting his vision for LinkedIn Corp was different from Microsoft Corp’s and that he would have pursued Twitter…
Tesla turns profit, Musk says no new capital needed for Model 3
SAN FRANCISCO (Reuters) – Tesla Motors Inc reported its first quarterly net profit in more than three years on Wednesday, buoyed by nearly $139 million in sales of clean car credits, and Chief Executive Elon Musk said the company could turn a profit a…
Judge orders Lynn Tilton to turn over Zohar loan fund documents
WILMINGTON, Del. (Reuters) – A Delaware judge on Wednesday ordered Lynn Tilton’s Patriarch Partners to turn over documents detailing the complex holdings of $2.5 billion distressed debt funds that the embattled investor lost control of this year.
Microsoft launches first desktop, Windows update with 3D features
NEW YORK (Reuters) – Microsoft Corp on Wednesday unveiled its first-ever desktop computer and a free update to its Windows operating system that allows edits using 3D simulations, in hopes of reinvigorating its computing business.
Media companies want U.S. to force AT&T-Time Warner to share customer data
NEW YORK/WASHINGTON (Reuters) – Media companies plan to ask U.S. regulators to force AT&T Inc and Time Warner Inc to share their trove of customer data if the telecom and content companies merge, fearing the combined behemoth would have an unfair advantage selling targeted mobile advertising, a handful of media executives told Reuters this week.
Morgan Stanley to keep commission-based IRAs for wealth management customers
(Reuters) – Morgan Stanley said on Wednesday it would allow its wealth management clients to choose the way they pay the firm for retirement accounts covered by a new fiduciary rule.
Japan’s MUFG launches aviation finance business in the Americas
(Reuters) – Mitsubishi UFJ Financial Group Inc has launched a new business in the Americas to help airlines and other companies finance the purchase of planes, company executives told Reuters.
