China’s services sector expands in March, job growth at 10-month low: survey
BEIJING (Reuters) – China’s services sector expanded in March even as growth in employment and new business fell to their lowest in at least eight months, a private survey showed on Friday, in yet another sign that the weak Chinese economy may need mor…
Oil falls nearly 4 percent after tentative nuclear deal for Iran
NEW YORK (Reuters) – Brent oil fell nearly 4 percent on Thursday after a preliminary pact between Iran and global powers on Tehran’s nuclear program, even as officials set further talks in June and analysts questioned when the OPEC member will be allow…
Boeing employee pleads guilty to taking kickbacks for bid information
NEW YORK (Reuters) – A Boeing Co procurement official is among seven people who have pleaded guilty in a kickback scheme that involved giving confidential bidding information to suppliers to the aerospace company’s satellite division, prosecutors said …
Ex-TPG executive alleges partner said he wanted to ‘smack’ him against a wall: lawsuit
NEW YORK (Reuters) – TPG Capital was sued on Thursday by its former head of public affairs, who accused the private equity giant of ignoring his warnings that the firm may have violated securities regulations and defrauded investors out of millions of …
McDonald’s wage plan renews debate on independence of franchisees
NEW YORK/LOS ANGELES (Reuters) – McDonald’s Corp’s announcement that it will raise the average pay at its company-operated U.S. restaurants threatens to complicate an ongoing labor dispute that turns on whether McDonald’s can be held responsible for th…
U.S. jobless data boosts labor market picture; trade deficit narrows
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labor market continues to expand at a solid clip even as economic growth has stalled.
Wall Street climbs after two-day decline; focus on jobs data
NEW YORK (Reuters) – U.S. stocks bounced on Thursday after two days of declines following encouraging data on the labor market, but mixed data this week kept investors on edge before Friday’s key payrolls report.
After dismal 2014, Samsung Electronics charts recovery with new Galaxy phones
SEOUL (Reuters) – Tech giant Samsung Electronics Co Ltd likely saw January-March earnings slip for the sixth straight quarter, but investors are betting on a rebound this year on healthy chip sales and high hopes for its new flagship smartphones.
Oil falls nearly 4 percent after tentative nuclear deal for Iran
NEW YORK (Reuters) – Brent oil fell nearly 4 percent on Thursday after a preliminary pact between Iran and global powers on Tehran’s nuclear program, even as officials set further talks in June and analysts questioned when the OPEC member will be allow…
IBM uncovers new, sophisticated bank transfer cyber scam
SEATTLE (Reuters) – IBM has uncovered a sophisticated fraud scheme run by a well- funded Eastern European gang of cyber criminals that uses a combination of phishing, malware and phone calls that the technology company says has netted more than $1 mill…
