Bill Gates foundation trust sues Brazil’s Petrobras over share losses
NEW YORK (Reuters) – The Bill & Melinda Gates Foundation Trust has sued Brazil’s Petrobras to recoup stock losses stemming from a corruption scandal at the state-run oil company.
Boehner resignation cuts U.S. government shutdown risk
NEW YORK (Reuters) – The shock resignation of U.S. House Speaker John Boehner on Friday reduces the chances of a government shutdown next week, potentially removing one source of investor anxiety as Wall Street gears up for a week heavy with economic d…
BlackBerry posts weaker-than-expected results, pledges revenue gain
TORONTO (Reuters) – Smartphone maker BlackBerry Ltd reported weaker-than-expected quarterly results on Friday but forecast higher revenue and said it might replace its operating system with Google Inc’s Android platform.
Yellen returns to Washington; questions remain after health scare
AMHERST, Mass./SAN FRANCISCO (Reuters) – Federal Reserve Chair Janet Yellen is back in Washington on Friday, a day after receiving emergency medical attention following a speech during which she appeared to lose concentration and which she struggled to…
New pink iPhones prove popular as record weekend sales expected
SAN FRANCISCO/SYDNEY (Reuters) – The iPhone 6s and 6s Plus hit stores around the world on Friday, kicking off what is expected to be a record weekend of sales as customers scrambled to buy Apple Inc’s marquee product in pink for the first time.
Stronger U.S. second quarter growth backs case for Fed hike
WASHINGTON (Reuters) – The U.S. economy expanded more than previously estimated in the second quarter on stronger consumer spending and construction, backing the case for an interest rate rise before the end of the year despite data sounding a note of …
Caterpillar’s global woes ripple out through supplier base
CHICAGO (Reuters) – Caterpillar Inc’s suppliers were feeling the pain of slumping sales at the world’s largest mining and construction equipment maker long before it announced an extensive cost-cutting program.
Exclusive: Airbus tells A320 suppliers to cut prices 10 percent
PARIS (Reuters) – European planemaker Airbus is pressing suppliers on its A320 jet program to slash prices by at least 10 percent by 2019 in order to make the company’s main cash cow more competitive, three people familiar with the matter said.
JPMorgan reaped $150 million dividend from Henry Bath before sale: filing
NEW YORK (Reuters) – JPMorgan Chase & Co reaped a $150 million dividend from its metals storage business Henry Bath & Son before selling its physical commodities business last October, as the firm reported its first loss in over a decade, a filing on Thursday showed.
Euro zone inflation, U.S. jobs set to dominate
LONDON (Reuters) – Euro zone inflation and U.S. jobs data will offer clues to the health of major developed economies in the coming week while the malaise gripping emerging markets is expected to prompt India to cut interest rates.
