Exclusive: Euro zone formally discusses Greek default for first time
BRUSSELS (Reuters) – Senior EU officials have formally discussed for the first time a possible Greek debt default as negotiations between Athens and its creditors have stalled ahead of an end-month repayment deadline, several officials told Reuters.
Bullish Uber plans to invest $1 billion in China in 2015
SHANGHAI/BENGALARU (Reuters) – Ride-hailing service Uber Technologies Inc plans to invest more than $1 billion in China this year as the controversial ride-hailing app looks to rev up growth in the world’s second largest economy, an executive at the fi…
Shares, euro numbed by Greek drama
LONDON (Reuters) – World shares saw a muted end to what looks set to be their best week since April on Friday as Greek debt talks took yet another confusing turn and put European markets on the back foot.
Honda to restate earnings to reflect expanded air bag recalls
TOKYO (Reuters) – Honda Motor Co said on Friday it would restate its financial results for the last business year, to account for about $360 million in additional costs to pay for an expanded recall of cars equipped with air bag parts made by Takata Co…
Alstom to continue to defend GE deal with EU
PARIS (Reuters) – French engineering group Alstom said on Friday it will continue to provide evidence on the positive impact for Europe of the planned sale of its power business to General Electric Co..
Bond selloff a wild card that could delay Fed rate hike
NEW YORK (Reuters) – The sharp bond market selloff is starting to pinch American consumers and companies, causing a mild economic tightening that, if sustained, could raise alarms at the Federal Reserve and even delay a plan to hike interest rates in c…
Exclusive: Two Zodiac aero plants in U.S. show why delays persist
SANTA MARIA, California (Reuters) – At a Zodiac Aerospace seat factory in the small town of Santa Maria north of Los Angeles, workers on the assembly line frequently sit idle, waiting for parts to arrive.
Twitter’s Dick Costolo to step down as CEO in yet another shake-up
SAN FRANCISCO (Reuters) – Twitter Inc Chief Executive Officer Dick Costolo abruptly announced he was stepping down on Thursday amid increasing scrutiny of the company’s slow user growth and inability to attract advertisers at the same rate as its compe…
Rupert Murdoch to hand Fox CEO title to son James
NEW YORK (Reuters) – Rupert Murdoch, the 84-year old media baron, will hand over the chief executive reins at entertainment conglomerate Twenty-First Century Fox Inc to his 42-year-old son James, a source familiar with the situation said on Thursday.
Asian shares drift higher, dollar keeps gains
SYDNEY (Reuters) – Asia share markets made guarded gains on Friday and the dollar held firm in the wake of reassuringly upbeat U.S. retail data, though the mood was cautious as Greek debt talks took yet another confusing turn.
