Verizon says Yahoo hack ‘material,’ could affect deal
WASHINGTON (Reuters) – Verizon Communications Inc said on Thursday it has a “reasonable basis” to believe Yahoo Inc’s massive data breach of email accounts represents a material impact that could allow Verizon to withdraw from its $4.83 billion deal …
Saudi Arabia says plans $100 billion tech fund with Japan’s Softbank
DUBAI (Reuters) – Saudi Arabia, seeking to develop its economy beyond oil exports, plans to create a global technology investment fund with Japan’s SoftBank group that could grow as large as $100 billion, Saudi state media reported on Friday.
AIA Group posts 27 percent rise in new business growth for third quarter
(Reuters) – AIA Group Ltd , the world’s third-largest life insurer by market value, posted a 27 percent increase in new business in the third quarter helped by strong sales in its main markets of China and Hong Kong, the company said in a statement.
PepsiCo nears deal to acquire probiotic drinks company KeVita: sources
(Reuters) – PepsiCo Inc is nearing a deal to acquire sparkling probiotic U.S. drinks company KeVita Inc, people familiar with the matter said on Thursday, in the latest push by the carbonated beverage giant to diversify its soft drinks business.
Top airlines look to no-frills fares to win back travelers to Europe
(Reuters) – An escalating fare war over the Atlantic is forcing big airlines to consider chopping prices, redesigning cabins and adding restrictions to win back budget-conscious vacationers drawn to upstart, low-fare rivals.
Wells Fargo complaints show flaws in federal whistleblower program
WASHINGTON (Reuters) – Former Wells Fargo & Co general manager Claudia Ponce de Leon filed a whistleblower complaint in December 2011 with federal labor regulators, alleging she was fired for telling superiors about employees opening unauthorized accounts.
U.S. targets corporate tax-reduction strategy with new regulation
WASHINGTON (Reuters) – The Obama administration, in its latest bid to prevent American companies from minimizing U.S. taxes by rebasing abroad, issued final rules on Thursday to combat a key tax-reduction technique known as earnings stripping.
Wall Street dips with financials, weak China data
NEW YORK (Reuters) – U.S. stocks slipped on Thursday led by falls in financial shares and following weak Chinese economic data but a late-day rebound in oil prices limited the day’s decline.
U.S. swaps regulator delays expansion of dealer oversight
WASHINGTON (Reuters) – Smaller swap-dealing firms were granted a one-year reprieve from oversight, with the regulator for the U.S. market delaying a planned expansion of the dealers who must register with the federal government.
Toyota to hire 1,000 more employees at new U.S. headquarters in Texas
(Reuters) – Toyota Motor Corp on Thursday said it will hire 1,000 additional staff for its new U.S. base under construction in a Dallas suburb.
