Senate passes Republican budget with deep safety net cuts
WASHINGTON (Reuters) – The Senate passed a Republican-authored budget plan early on Friday that seeks $5.1 trillion in domestic spending cuts over 10 years while boosting military funding.
Senate passes Republican budget with deep safety net cuts
WASHINGTON (Reuters) – The Senate passed a Republican-authored budget plan early on Friday that seeks $5.1 trillion in domestic spending cuts over 10 years while boosting military funding.
About 1,000 workers at South Africa’s Medupi power station fired: Eskom
JOHANNESBURG (Reuters) – About 1,000 workers at the construction site of South Africa’s Eskom [ESCJ.UL] Medupi power plant have been fired for vandalizing property during this week’s one-day strike, the power utility’s spokesman said on Friday.
Peugeot French production increase earns presidential visit
PARIS (Reuters) – PSA Peugeot Citroen said on Friday it had chosen a French factory over a rival Spanish plant to expand engine production, prompting a visit by President Francois Hollande to highlight a bright spot in France’s gloomy labor market.
South Korea sees gains for its infrastructure firms from joining AIIB
SEJONG, South Korea/SEOUL (Reuters) – South Korea hopes its infrastructure companies will benefit from the country joining the China-backed Asian Infrastructure Investment Bank (AIIB), the finance ministry said on Friday.
U.S. biotech stocks may fall further as short interest rises
NEW YORK (Reuters) – A 4 percent decline in biotechnology stocks on Wednesday sent the Nasdaq Composite Index to its largest one-day loss in nearly a year, and some investors are betting that the once-hot sector has further to fall.
Fed market gurus prep rate hike amid last-minute anxieties
NEW YORK (Reuters) – The New York Federal Reserve officials tasked with prying interest rates off the floor have been meeting with bankers and traders to plot how best to do it, amid deep uncertainty over how much control they will really have over sho…
Amid trial, Kleiner Perkins recruits next generation of partners
SAN FRANCISCO (Reuters) – For the past month, the name most associated with venture capital firm Kleiner Perkins Caufield & Byers is former partner Ellen Pao, who took the firm to trial for gender discrimination and retaliation.
RadioShack rescue deal dogged by fights, demands for new auction
WILMINGTON, Del. (Reuters) – RadioShack Corp’s rescue deal to keep 1,740 stores open was attacked on Thursday by the bankrupt retailer’s top creditor, a failed bidder who called the auction a sham and sought a new sale.
Oil leaps 5 percent, most in a month, on air strikes in Yemen
NEW YORK (Reuters) – Oil jumped about 5 percent on Thursday, the biggest daily gain in a month, as air strikes in Yemen by Saudi Arabia and its Gulf Arab allies sparked fears that escalation of the Middle East battle could disrupt world crude supplies….
