Nokia network sales weighed down by Alcatel integration
HELSINKI (Reuters) – Nokia’s mobile network equipment sales fell more than expected in the first quarter and will continue to decline this year, the Finnish company said, as customers hold off new orders while it integrates its purchase of rival Alcat…
Exclusive: GE to buy power plant unit of Korea’s Doosan Engineering
SEATTLE (Reuters) – General Electric Co has agreed to buy a unit of South Korea’s Doosan Engineering and Construction Co that produces key components of combined-cycle power plants, the head of the U.S. company’s power division said on Tuesday.
Saudi Aramco says looking at new ventures around globe
DHAHRAN, Saudi Arabia (Reuters) – State oil company Saudi Aramco wants to expand globally and is looking at potential joint ventures in several countries, including Indonesia, India, the United States, Vietnam and China, chief executive Amin Nasser sai…
Japan’s Aso repeats explicit threat of yen-selling intervention
TOKYO (Reuters) – Japan will intervene in the currency market if “one-sided” yen rises last long enough to hurt its economy, Finance Minister Taro Aso said, issuing the strongest threat of action since the yen started its rapid ascent in the past few w…
U.S. need not fear challengers to dollar, Fed official says
(Reuters) – The United States would not necessarily lose out if other currencies emerged as alternatives to the dollar’s status as the world’s so-called reserve currency, a top U.S. central banker said on Tuesday.
Credit Suisse sees tough markets ahead after first-quarter loss
ZURICH (Reuters) – Credit Suisse sees tough market conditions continuing at least through the second quarter, the Swiss bank said on Tuesday after kicking off 2016 with its first loss since 2008.
Uber drivers, if employees, owed $730 million more: U.S. court papers
SAN FRANCISCO (Reuters) – Drivers who worked for ride-hailing service Uber [UBER.UL] in California and Massachusetts over the past seven years would have been entitled to an estimated $730 million in expense reimbursements had they been employees rathe…
Lending Club CEO resigns after internal probe, shares plummet
(Reuters/IFR) – Renaud Laplanche, founder and chief executive of online lender Lending Club Corp, resigned after an internal probe found that the company had knowingly sold an investor $22 million of loans that the investor did not want, the company sa…
Japan government calls for additional 7 million Takata-related recalls: Nikkei
(Reuters) – The Japanese government on Monday notified automakers to recall an additional 7 million vehicles with faulty Takata air bags that have been sold in Japan, the Nikkei reported on Monday, citing sources.
New lawsuit alleges paid informants, pricey escort at Redstone mansion
LOS ANGELES (Reuters) – Even as a Los Angeles judge dismissed one case brought by a former girlfriend of media mogul Sumner Redstone, she filed a new lawsuit that threatens to keep salacious allegations about the 92-year-old’s lifestyle alive.
