Deutsche Telekom puts sale of T-Mobile US on hold: sources
FRANKFURT (Reuters) – Deutsche Telekom has put the sale of T-Mobile US on hold to deal with an upcoming auction of radio airwaves, giving potential suitors time to wait for a more favorable political environment toward telecoms mergers, two sources sai…
Fed’s Dudley sees risks to U.S. economic outlook tilting to downside
HANGZHOU, China (Reuters) – An influential Federal Reserve official on Tuesday said he sees downside risks to his U.S. economic outlook, an assessment that could flag a longer pause before the Fed’s next interest-rate hike than he and his colleagues ha…
Rolls-Royce cars CEO seeks younger customers via social media
GENEVA (Reuters) – Rolls-Royce customers are getting younger, Chief Executive Torsten Mueller-Oetvoes says, as the luxury carmaker embraces YouTube and Instagram and prepares to replace its aging flagship, the Phantom.
Euro sinks as weak data piles pressure on European Central Bank
LONDON (Reuters) – The euro hit its lowest in almost three years against the yen while European shares extended their strongest run of the year on Tuesday as data from around the region bolstered the case for more ECB stimulus next week.
Sam’s Club hires regional buyers, sees ‘local’ food as key in upscale shift
(Reuters) – Sam’s Club, the warehouse club unit of Wal-Mart Stores Inc, is building a team of regional U.S. buyers to bring in more local and organic groceries, a strategy used by rival Costco Wholesale Corp to drive loyalty and attract wealthier custo…
Uber’s real estate footprint unmatched among S.F. Bay Area startups
SAN FRANCISCO (Reuters) – Uber’s new Oakland headquarters is about four times bigger than Internet radio service Pandora Media’s office nearby, and will house about five times the number of employees that ride-hailing competitor Lyft has at its headqua…
UAE says everyone should move toward freezing oil production
DUBAI (Reuters) – Oil producers should freeze production if they cannot agree on a cut to balance the global oil market, the United Arab Emirates energy minister was quoted as saying on Tuesday.
JD.com’s revenue growth beats expectations
BEIJING (Reuters) – JD.com, China’s second biggest e-commerce company behind Alibaba, has reported better than expected revenue growth in the last three months of 2015 as volume sales on its platforms jumped despite China’s economic slowdown.
OPEC watching Iran, Russia, unlikely to cut output in June
DUBAI/LONDON (Reuters) – OPEC is very unlikely to cut output at its next meeting in June, even if prices remain extremely low, according to OPEC sources and delegates, as it will be too early to say how fast Iranian output is rising.
Insurers find Google a potential rival: report
LONDON (Reuters) – More than 40 percent of insurers see Google as a potential threat because of its strong brand and ability to use customer data, a report released on Tuesday said.
