Apple Watch goes on sale worldwide amid supply shortage
SAN FRANCISCO (Reuters) – The Apple Watch goes on sale around the world on Friday, the final stage of a protracted launch of Apple Inc Chief Executive Tim Cook’s first new product, capping months of publicity and a frenetic two weeks of pre-orders.
Deutsche Bank fined record $2.5 billion over rate rigging
LONDON/NEW YORK (Reuters) – U.S. and British authorities fined Deutsche Bank $2.5 billion, accused Germany’s largest lender of obstructing regulators and ordered it to fire seven employees in the eighth global settlement of alleged benchmark interest r…
As sales of small cars dip, Ford to lay off about 700 workers at Michigan plant
DETROIT (Reuters) – Ford Motor Co said on Thursday it will lay off about 700 workers at a Detroit-area plant making compact and compact hybrid cars, responding to a dip in demand for such vehicles amid lower gasoline prices.
Amazon’s quarterly revenue rises 15 percent
(Reuters) – E-commerce company Amazon.com Inc’s quarterly revenue rose 15 percent, helped by higher revenue from North America, its biggest market, and its fast-growing cloud-computing services unit.
GM first-quarter profit misses estimates on South America, Russia weakness
DETROIT (Reuters) – General Motors posted a smaller-than-expected quarterly profit on Thursday on weakness in South America and Russia and a higher tax rate, sending shares down 3.5 percent.
Southwest Airlines to explore new IT functions, such as codesharing
(Reuters) – Southwest Airlines Co will explore new functions enabled by a new reservation system after it is in place, such as codesharing flights and assigning seats to passengers, Chief Executive Officer Gary Kelly said in an investor call on Thursda…
Schwab CEO praises fast ‘robo advisor’ start, laments low rates
NEW YORK (Reuters) – Charles Schwab Corp’s automated investment product has attracted $1.5 billion of assets in over 23,000 accounts in its first six weeks, about 20 percent of whom are new clients, Chief Executive Officer Walt Bettinger told analysts …
Boeing CEO warns of job relocations if U.S. Ex-Im Bank disappears
WASHINGTON (Reuters) – Boeing Co may have to relocate U.S.-based engineering and manufacturing jobs overseas if Congress eliminates funding for the U.S. Export-Import Bank, Chief Executive Jim McNerney said on Thursday.
Goldman Sachs Asset Management to buy Pacific Life business
NEW YORK (Reuters) – Goldman Sachs Group Inc’s Asset Management plans to acquire the Pacific Global Advisors solutions business from Pacific Life Insurance Co , the company said on Thursday.
Soft U.S. economic data suggests mild second-quarter growth rebound
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment aid edged up last week for a third straight week, but the underlying trend continued to point to solid momentum in the labor market.
