Wall Street set to open little changed as investors await Fed minutes
(Reuters) – Wall Street was set to open little changed on Wednesday with investors cautious ahead of the release of minutes from last month’s Federal Reserve meeting, which is expected to shed light on when interest rates will be hiked.
Doubts over Greece add to euro’s ECB-driven frailty
LONDON (Reuters) – The euro slid to a two-week low and a rally in European shares stalled on Wednesday after a Greek official said the country may not make an upcoming repayment to the International Monetary Fund.
Deal talks between Altice and Time Warner Cable are ongoing: source
FRANKFURT (Reuters) – Altice’s acquisition of U.S. cable group Suddenlink has not dampened its interest in buying much larger Time Warner Cable, a source familiar with the matter said.
China’s aviation regulator to hold foreign airlines to new safety rules
BEIJING (Reuters) – Foreign airlines operating in China will be scored by the country’s aviation regulator, and those who fail to meet the safety standards will be prohibited from operating in China, China’s aviation regulator said on Wednesday.
SAP chief sees no takers for software rival Salesforce
MANNHEIM, Germany (Reuters) – German software company SAP’s chief executive once again ruled out any move to acquire Salesforce.com, then went further by saying that its richly valued rival is unlikely to be acquired by any other player in the industry…
Investment banks’ revenue rise 9 percent in first quarter: survey
LONDON (Reuters) – Revenue at the world’s 10 largest investment banks rose 9 percent to $44.9 billion in the first quarter compared to a year ago, as financial market volatility and central bank stimulus measures boosted profits, a survey showed on Wed…
Yahoo shares fall on worries of possible U.S. tax change on spinoffs
WASHINGTON (Reuters) – Yahoo Inc shares fell 7.6 percent on Tuesday on concerns that a possible change in U.S. tax regulations would affect Yahoo’s planned spinoff of its stake in Alibaba Group Holding Ltd .
Holcim says plans 120 job cuts ahead of merger with Lafarge
FRANKFURT (Reuters) – Swiss cement maker Holcim said on Wednesday it would cut 120 jobs in Switzerland, ahead of its merger with French peer Lafarge .
Japan’s economy grows at fastest pace in a year on boost from inventory
TOKYO (Reuters) – Japan’s economy expanded at its fastest pace in a year in January-March as business investment rose slightly, but goods piling up in factory warehouses posed a potential challenge to policy makers seeking to vanquish years of deflatio…
Apple, Android app makers cool to Microsoft overtures
SEATTLE (Reuters) – Microsoft’s plan to make its new version of Windows a mobile hit by letting it accept tweaked Apple and Android apps has met an obstacle: some of the software developers the company needs to woo just aren’t interested.
