WTO backs agricultural reforms, split on Doha
NAIROBI (Reuters) – The World Trade Organization reached deals on agricultural export subsidies, food aid and other issues on Saturday, capping a ministerial conference in the Kenyan capital where rich and poor countries had been split over the path of…
Battle for young customers heats up in HSBC’s Asia stronghold
HONG KONG (Reuters) – Banks in Hong Kong are intensifying the battle for young customers key to their future retail profit, offering online perks and mobile banking products in a bid to erode the dominance of HSBC in its Asian stronghold.
Fed’s Williams wants low rates, hot economy in 2016
SAN FRANCISCO (Reuters) – The Federal Reserve aims to keep the U.S. economy running hot next year to boost the job market and inflation, a top central banker said, and to achieve that goal interest-rate hikes will be slow but will not follow any predic…
Wall St. slides on lower crude prices, stock options expiry
(Reuters) – U.S. stocks closed lower on Friday for the second straight day, as concerns, ranging from a decline in crude oil prices to the global response to the Federal Reserve’s interest hike, weighed down the market.
Lockheed files injunction to stop work on Oshkosh trucks
WASHINGTON (Reuters) – Lockheed Martin Corp on Friday filed for a temporary injunction seeking a stop-work order on a $6.75 billion contract awarded by the U.S. Army to Oshkosh Corp for 17,000 new armored vehicles to replace the Humvee, which Lockheed …
Wall St. slides on lower crude prices, stock options expiry
(Reuters) – U.S. stocks closed lower on Friday for the second straight day, as concerns, ranging from a decline in crude oil prices to the global response to the Federal Reserve’s interest hike, weighed down the market.
California extends deadline to review VW diesel emissions fix
WASHINGTON (Reuters) – The California Air Resources Board said on Friday it was extending a deadline to approve or reject a diesel emissions repair plan submitted by Volkswagen AG (VOWG_p.DE) for nearly 500,000 2.0 liter vehicles until Jan. 14.
Raytheon awarded $2.35 billion contract for SM-3 missiles
WASHINGTON (Reuters) – Raytheon Co has won a contract worth up to $2.35 billion to build 52 SM-3 Block IB missiles for the U.S. Missile Defense Agency using fiscal 2015 funding, plus three one-year options, the Pentagon said on Friday.
ChemChina sweetens bid for Syngenta to $44 billion: Bloomberg
(Reuters) – State-owned China National Chemical Corp [CNNCC.UL] has raised its offer to buy Syngenta AG by about $2 billion, to $44 billion, proposing a two-stage takeover of the agrochemical company, Bloomberg reported, citing sources.
Vilified for drug pricing, CEO Shkreli busted for securities fraud
NEW YORK (Reuters) – Martin Shkreli, the boyish pharmaceutical entrepreneur who caused a public uproar after he drastically raised the price of a life-saving prescription drug, was arrested on Thursday for engaging in what U.S. prosecutors said was a P…
