U.S. private sector adds 214,000 jobs in February: ADP
NEW YORK (Reuters) – U.S. private employers added 214,000 jobs in February, above economists’ expectations, suggesting solid job growth despite market turmoil and worries about a slowing global economy, a report by a payrolls processor showed on Wednes…
Monsanto slashes forecast on strong dollar, pricing pressure
(Reuters) – Monsanto Co , the world’s largest seed company, slashed its earnings forecast for the year, hurt by a strong dollar and low prices for its seeds as farmers curb spending.
Standard Life fund arm raises governance concerns at VW, Shell
LONDON (Reuters) – The investment arm of British insurer Standard Life said on Wednesday it would step up its engagement with management at Volkswagen and Royal Dutch Shell over certain concerns it has regarding corporate governance.
VW’s Bentley considers higher 2017 output of Bentayga SUV
GENEVA (Reuters) – Volkswagen luxury division Bentley is considering an increase in production of its Bentayga sport-utility vehicle (SUV), the world’s most expensive SUV, Chief Executive Wolfgang Duerheimer said.
Stocks swing higher as global slowdown fears fade
LONDON (Reuters) – World shares and bond yields rose on Wednesday as positive economic data from Australia to the United States calmed fears of a global economic slowdown, although the rally lost momentum in European trade as oil prices reversed direct…
Toyota shakes up corporate structure to focus on product lines
TOKYO (Reuters) – Toyota Motor Corp announced an overhaul of its corporate structure on Wednesday as the world’s biggest-selling carmaker seeks to streamline decision-making and improve the way it manages its production as output hits record highs.
Former Chesapeake CEO McClendon charged with bid-rigging of land leases
ATLANTA/WASHINGTON (Reuters) – Aubrey McClendon, former chief executive officer of Chesapeake Energy Corp and a legend in the U.S. energy industry, was charged on Tuesday with conspiring to rig bids to buy oil and natural gas leases in Oklahoma, the Ju…
Debts rise at China’s big steel mills, consumption falls
BEIJING (Reuters) – China’s major steel mills added to their debt pile in 2015 while consumption of steel products fell for the first time in two decades, a senior official said on Wednesday, adding to the industry’s difficulties as it tries to tackle …
Apple lawyer, FBI director face off in Congress on iPhone encryption
WASHINGTON (Reuters) – FBI Director James Comey told a congressional panel on Tuesday that a final court ruling forcing Apple Inc to give the FBI data from an iPhone used by one of the San Bernardino shooters would be “potentially precedential” in other cases where the agency might request similar cooperation from technology companies.
Moody’s cuts China outlook on eve of NPC, cites reform, fiscal risks
SHANGHAI (Reuters) – Moody’s downgraded its outlook on Chinese government debt to “negative” from “stable” on Wednesday, citing uncertainty over authorities’ capacity to implement economic reforms, rising government debt and falling reserves.
