Apple muscles into streaming music market
SAN FRANCISCO (Reuters) – Apple launched Apple Music on Monday, a $9.99-a-month streaming music service that may not differ dramatically from competitors but comes with Apple’s deep music roots, global brand and hundreds of millions of iTunes customers…
Qatar Airways CEO sees no need for concessions to U.S. airlines
MIAMI (Reuters) – Qatar Airways Chief Executive Akbar Al Baker said on Monday he saw no reason for Middle Eastern governments to propose any changes to transportation policy in response to U.S. airlines that allege unfair competition from Gulf carriers…
HSBC boss prepares to axe jobs, businesses in strategy refresh
LONDON (Reuters) – HSBC is set to cut thousands of staff, axe businesses in Brazil and Turkey and shrink its investment bank in a fresh attempt to become simpler and improve its financial performance.
Wall Street ends lower, Dow slips into loss for 2015
(Reuters) – U.S. stocks ended lower on Monday as investors worried about Greece and mulled the prospect of the Federal Reserve raising interest rates as early as September.
Greece talks of compromise as Merkel warns time is short
ATHENS/KRUEN, Germany (Reuters) – Greece proclaimed a new willingness to compromise with its international creditors on Monday, as German Chancellor Angela Merkel warned that time was running out for a reform-for-aid deal to keep the country in the eur…
Teva bosses issue riposte to Mylan, praise takeover plan
AMSTERDAM (Reuters) – Executives at Israeli drugmaker Teva sent an open letter to takeover target Mylan on Monday, saying they remain committed to a deal and reiterated that Teva’s $40 billion takeover proposal would benefit shareholders of both firms….
Bombardier CEO says Paris ‘not that critical’ to CSeries
MIAMI (Reuters) – Bombardier Inc Chief Executive Alain Bellemare played down on Monday the importance of the CSeries jet’s Paris Airshow debut, saying the event is not critical to the success of the new narrow-body jet.
Airlines hit headwinds from investors as they try to capture growth
(Reuters) – Major U.S. airlines’ shares tumbled on Monday amid fears that the carriers are grabbing for market share at the expense of profits.
Some airlines taking closer look at A380 than before: Airbus CEO Bregier
MIAMI (Reuters) – Planemaker Airbus’s chief executive said some potential customers were studying its A380 super jumbo more seriously than before, although orders for other widebodies were more likely at this month’s Paris Airshow.
CEOs temper U.S. economic growth outlook for 2015: survey
CHICAGO (Reuters) – U.S. chief executive officers have become a bit more pessimistic in their outlook for the American economy in 2015 and fewer of them expect to increase sales, investment and hiring this year, a quarterly business group survey said o…
