China inflation relief sends global stocks, dollar higher
LONDON (Reuters) – Global stocks and the dollar edged up on Friday, erasing some losses from the previous day, as stronger-than-expected Chinese inflation data eased some concerns about the health of the world’s second-biggest economy.
Looming digital regulation has U.S. truck industry scrambling
GREEN BAY, Wisc. (Reuters) – A new regulation that will force U.S. trucking companies to electronically log employee hours is designed to limit accidents by keeping tired drivers off the road.
GE turns to Chinese partners to lift Silk Road infrastructure sales
BEIJING (Reuters) – General Electric Co (GE) expects increased partnership with Chinese infrastructure firms along China’s ‘New Silk Road’ which aims to link Asia with Europe and the Middle East to generate a significant jump in third-party country sa…
Oil rises further above $52 on tighter U.S. fuel stocks
LONDON (Reuters) – Oil climbed further above $52 a barrel on Friday, supported by a drop in U.S. fuel inventories, though gains were kept in check by ample crude supplies even as OPEC plans to cut output.
Italy court accepts Monte dei Paschi settlement request: source
MILAN (Reuters) – An Italian court accepted a request from Banca Monte dei Paschi di Siena to settle a case revolving round alleged financial crimes by former managers, a source said on Friday.
Exclusive: Hershey CEO Bilbrey prepares to step down – sources
(Reuters) – The chief executive of Hershey Co, the chocolate company that Oreo cookie-maker Mondelez International Inc tried to acquire earlier this year, is preparing to step down by next summer, people familiar with the matter said on Thursday.
British banks keep cyber attacks under wraps to protect image
LONDON (Reuters) – Britain’s banks are not reporting the full extent of cyber attacks to regulators for fear of punishment or bad publicity, bank executives and providers of security systems say.
Deutsche says wealth management outflows not significant
HONG KONG/SINGAPORE (Reuters) – Deutsche Bank has seen some outflows from its wealth management division but the withdrawals were not significant, senior executives told Reuters, responding to concerns about the possible impact of a U.S. fine.
HP Inc to cut up to 4,000 jobs over next three years
(Reuters) – HP Inc said it expects to cut about 3,000 to 4,000 jobs over the next three years, as the maker of printers and personal computers continues to struggle with a subdued market, sending its shares down 1.3 percent in extended trading.
GM’s car-sharing play, Maven, expands to San Francisco
SAN FRANCISCO (Reuters) – General Motors’ car-sharing program Maven, the auto giant’s latest foray into alternative transportation services, has expanded into San Francisco, marking its ninth market since launching in January, the company announced Thu…
