Swatch’s Hayek says watch industry is not in crisis: paper
ZURICH (Reuters) – Growth in Swiss watch sales may have dipped but industry the “is and remains healthy,” Swatch Chief Executive Officer Nick Hayek said in an interview with the French language newspaper LeTemps published on Saturday.
Britain’s Cameron urges talks on steel crisis with China at G20
LONDON (Reuters) – Britain’s Prime Minister David Cameron wants Britain and China to work together to tackle over-capacity in the steel industry and that the G20 could be a good forum to address it later in the year, his spokesman said on Saturday.
Exxon Baytown laboratory workers accept contract extension
HOUSTON (Reuters) – The last group of union workers at Exxon Mobil Corp’s giant Baytown, Texas, refining and petrochemical complex voted on Thursday and Friday to accept a contract extension, a union official said on Friday night.
Fed’s Mester doesn’t want to wait too long on rate hike
NEW YORK (Reuters) – The Federal Reserve should still raise interest rates gradually this year given the economy’s resilience, a top Fed official said on Friday, explaining she did not want to wait too long despite having supported last month’s decisio…
Ackman’s fund falls 7 percent in March, hurt by Valeant
BOSTON (Reuters) – Billionaire investor William Ackman’s Pershing Square Holdings, Ltd fund lost 7.1 percent last month, hurt largely by Valeant Pharmaceuticals’ roughly 60 percent tumble in March.
SunEdison preparing to file for bankruptcy protection: WSJ
(Reuters) – Struggling solar developer SunEdison Inc is planning to file for bankruptcy protection in the coming weeks, The Wall Street Journal reported on Friday, citing people familiar with the matter.
Venezuela to cut energy output if key dam falls to critical low
CARACAS (Reuters) – Venezuela will reduce power generation if the key Guri dam, which supplies around half of the blackout-hit country’s electricity, falls below a minimum level that is fast approaching, an official said on Friday.
Exclusive: Time Inc considers taking on private equity partner for Yahoo bid
(Reuters) – Time Inc is considering partnering with a private equity firm on a bid for Yahoo Inc’s core Internet assets, according to people familiar with the matter, as the U.S. publishing company seeks to boost its digital presence.
Broad base can support extension of S&P 500 rally
NEW YORK (Reuters) – The seven-week U.S. stock market rally still has some room to run and could punch through the record high set by the S&P 500 last May, based on a number of indicators that are pointing the way higher.
Wall Street off to a solid start in April
(Reuters) – Wall Street extended a seven-week rally on Friday after upbeat U.S. jobs and factory data hinted at stronger corporate earnings without increasing concerns of potential U.S. interest rate hikes.
