Northrop CEO Says China’s R&D spending could ‘leapfrog’ U.S
NEW YORK (Reuters) – China could “leapfrog” the United States in certain technological capabilities in coming years, thanks to its burgeoning investment in research and development, the head of Northrop Grumman Corp warned on Thursday.
Starbucks stock slips after profit forecast misses Street estimates
(Reuters) – Starbucks Corp forecast current-quarter earnings below Wall Street estimates and reported slower growth in Asia than many had hoped, sending its shares down nearly 4 percent in extended trade despite a strong holiday performance.
Oracle lawyer says Google’s Android generated $31 billion revenue
SAN FRANCISCO (Reuters) – Google’s Android operating system has generated revenue of about $31 billion and profit of $22 billion since its release, an Oracle Corp lawyer told a U.S. court hearing the software company’s copyright lawsuit against Google….
Boeing to cut 747-8 production in half as demand slows
(Reuters) – Boeing Co said on Thursday it will cut production of its 747-8 jumbo jet in half and take a $569 million charge in the fourth quarter as it faces dwindling sales.
U.S. judge urges early end to first GM ignition-switch trial
NEW YORK (Reuters) – A U.S. judge on Thursday urged parties in the first federal trial over a faulty General Motors ignition switch to consider resolving the case before it reaches a verdict, after evidence surfaced that cast doubt on testimony from th…
Badly bruised Wall Street finds solace in oil rebound
(Reuters) – Wall Street staged a modest rally on Thursday as oil prices recorded their biggest gain this year and ECB President Mario Draghi raised hopes of more stimulus for Europe.
JPMorgan raises Dimon’s pay 35 percent, but adds strings
NEW YORK (Reuters) – JPMorgan Chase & Co directors raised Chief Executive Jamie Dimon’s total compensation by 35 percent to $27 million for 2015, a regulatory filing on Thursday showed.
Yahoo to decide next strategic steps after quarterly earnings: sources
(Reuters) – Yahoo Inc will decide on its next strategic steps only after releasing quarterly earnings on Feb. 2, people familiar with the matter said, as the company continues to resist investor calls to explore a sale of its core Internet assets.
Australian submarine tender narrows to Japanese and French bids, Germans lose ground-sources
TOKYO/SYDNEY (Reuters) – The competition for a A$50 billion ($34.55 billion) contract to build Australia’s next submarine fleet is narrowing to a race between Japan and France as a bid from Germany’s ThyssenKrupp Marine Systems (TKMS) loses ground over…
Drug exec Shkreli, lawmakers clash ahead of congressional hearing
NEW YORK (Reuters) – Former pharmaceutical executive Martin Shkreli was on a collision course with Congress on Thursday as lawmakers warned he could be prosecuted for contempt if he does not appear next week for a hearing about drug prices.
