Nokia buys Alcatel to take on Ericsson in telecom equipment
HELSINKI/PARIS (Reuters) – Nokia is to buy Alcatel-Lucent in an all-share deal that values its smaller French rival at 15.6 billion euros ($16.6 billion), building up its telecom equipment business to compete with market leader Ericsson.
Exclusive: Henkel, Revlon, Coty prepare bids for P&G beauty brands -sources
(Reuters) – Personal care and cosmetics companies Henkel & Co KGaA AG, Revlon Inc and Coty Inc are preparing bids for parts of Procter & Gamble Co’s beauty business, according to sources.
U.S. fast-food workers mark Tax Day demanding higher wages
NEW YORK (Reuters) – Fast-food workers rallied in New York on Wednesday to demand higher pay, using the April 15 deadline for filing U.S. tax returns to publicize their claim that they cannot survive on the hourly wages paid by many U.S. corporations.
Germans downbeat on chances of Greek deal next week
NEW YORK/ATHENS (Reuters) – Germany’s finance minister said on Wednesday there was no prospect of the euro zone reaching a deal with Athens next week on economic reforms that would unlock bailout funds, potentially leaving Greece perilously short of mo…
Walgreens continues pay hike freeze for senior U.S. executives
CHICAGO (Reuters) – Walgreens Boots Alliance Inc will continue to freeze salary increases for senior U.S. executives as part of plans to cut costs by more than $1 billion over three years, the drugstore chain said on Wednesday.
Mining, utilities sink U.S. industrial production
WASHINGTON (Reuters) – U.S. industrial output posted its biggest drop in more than 2-1/2 years in March in part as oil and gas well drilling plummeted, highlighting the negative impact of lower crude prices and a strong dollar on the economy.
Exclusive: Six percent of U.S. adults plan to buy Apple Watch – Reuters/Ipsos poll
SAN FRANCISCO (Reuters) – About 6 percent of U.S. adults plan to buy Apple Inc’s smartwatch according to a Reuters/Ipsos poll, with men twice as likely as women to purchase Apple boss Tim Cook’s first new major product.
Fed says economy continues expanding, but strong dollar a drag
WASHINGTON (Reuters) – Economic activity continued to expand from mid-February through the end of March, but a strong dollar and falling oil prices were hurting the manufacturing sector, the Federal Reserve said on Wednesday.
Bank of America profit beats expectations as legal expenses fall
(Reuters) – Bank of America Corp, the No. 2 U.S. bank by assets, reported a better-than-expected first-quarter profit, reversing from a year-earlier loss, as legal costs fell steeply and the bank earned more from mortgage lending.
Oil surges after lower than expected U.S. inventory rise
NEW YORK (Reuters) – Oil futures rallied and U.S. crude rose 5 percent to a 2015 peak on Wednesday after government data showed crude oil inventories in the United States rose less than expected last week.
