Jobless claims rise sharply during holiday week
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits rose sharply last week, a potential signal the job market was losing steam although some of the increase might be attributed to temporary holiday factors.
Facebook fights for free Internet in India, global test-case
MUMBAI/NEW DELHI (Reuters) – India has become a battleground over the right to unrestricted Internet access, with local tech start-ups joining the front line against Facebook Inc founder Mark Zuckerberg and his plan to roll out free Internet to the cou…
Lockheed wins more than $1 billion contract for C-130J aircraft
(Reuters) – Lockheed Martin Corp has been awarded a contract worth more than $1 billion for 32 C-130J aircraft, the Pentagon said on Wednesday.
India to tighten rules for credit cooperatives to protect investors – official
NEW DELHI (Reuters) – India will crack down on errant financial firms that raise funds, mainly from millions of rural poor customers, through loosely regulated credit cooperative societies, a senior official in the agriculture ministry said.
BP orders complete evacuation of Valhall field in North Sea
OSLO (Reuters) – BP said it ordered a total evacuation of its Valhall platform in the North Sea on Thursday after a barge broke its anchor and was drifting towards the installation following a storm.
Malaysia’s 1MDB to sell property project stake for $1.7 billion
KUALA LUMPUR (Reuters) – Malaysia’s troubled state fund 1MDB said it would sell its 60 percent stake in a Kuala Lumpur development project to Iskandar Waterfront Holdings and its partner, state-run China Railway Engineering Corp, for 7.41 billion ringg…
U.S. hedge fund founder is denied early release in insider case
NEW YORK (Reuters) – A federal judge on Wednesday rejected hedge fund manager Doug Whitman’s request to end his two-year sentence for insider trading early while he pursues his latest appeal of his 2012 conviction.
Lockheed wins more than $1 billion contract for C-130J aircraft
(Reuters) – Lockheed Martin Corp has been awarded a contract worth more than $1 billion for 32 C-130J aircraft, the Pentagon said on Wednesday.
Oil bogs down Wall St. as S&P 500 clings to gain for 2015
(Reuters) – Wall Street dropped on Wednesday as Brent crude slid towards 11-year lows and Apple weighed on the S&P 500 index, which clung to a meager gain for 2015.
KaloBios Pharmaceuticals files for bankruptcy in wake of Shkreli arrest
(Reuters) – KaloBios Pharmaceuticals Inc, a biotechnology company that fired Chief Executive Martin Shkreli earlier this month after his arrest on charges of securities fraud, filed for Chapter 11 bankruptcy on Tuesday.
