Back to the future: Nokia prepares for mobile comeback
FRANKFURT/HELSINKI (Reuters) – Nokia is hiring software experts, testing new products and seeking sales partners as it plots its return to the mobile phone and consumer tech arena it abandoned with the sale of its handset business.
Greece hopes to conclude bailout talks by Aug. 11
ATHENS (Reuters) – Greece hopes to conclude negotiations with international creditors by early Tuesday at the latest, a Greek official said as talks continued in Athens on a new multi-billion euro bailout.
Airbnb gives Paris luxury hoteliers a fright
PARIS (Reuters) – Nowhere in the world has more accommodation available on Airbnb than Paris. Now the home-sharing website that has transformed budget travel to the French capital is giving its super-deluxe hotels a fright too.
Lufthansa, cabin crew eye pay accord by November
BERLIN (Reuters) – Lufthansa and the union representing cabin crew say they are confident they will reach an agreement in a protracted dispute over pay and pensions. Talks have been extended until Nov. 1.
BHP Billiton to cut 380 jobs at Australia’s Olympic Dam
SYDNEY (Reuters) – BHP Billiton said on Sunday it would cut 380 jobs at its Olympic Dam copper and uranium mine in Australia, citing global market conditions in the resources sector and a desire to ensure the project was sustainable.
Buffett’s Berkshire nears deal for Precision Castparts
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc is nearing an agreement to buy Precision Castparts Corp , in what could be the company’s largest purchase ever, according to a person familiar with the matter.
Swiss banks step up battle for Asia’s super-rich
ZURICH/HONG KONG (Reuters) – UBS’s giant banner on Hong Kong’s One Peking Road skyscraper, so big it has drawn complaints for keeping solar panels in the shade, is a testament to the renewed push among Swiss banks to win business from Asia’s burgeoning…
China under mounting pressure to ease policy as economy stumbles
BEIJING (Reuters) – China is under growing pressure to further stimulate its economy after disappointing data over the weekend showed another heavy fall in factory-gate prices and a surprise slump in exports.
Greek government says discussing draft of third bailout deal
ATHENS (Reuters) – Greek government officials discussed a draft of the country’s third bailout agreement drawn up on the basis of discussions with EU/IMF lenders, a government official said on Saturday, boosting hopes a deal could be wrapped up in days…
Buffett’s Berkshire nears deal for Precision Castparts: source
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc is nearing an agreement to buy Precision Castparts Corp , in what could be the company’s largest purchase ever, according to a person familiar with the matter.
