Exelis to offer drone-tracking system as industry, NASA seek to ease safety fears
NEW YORK (Reuters) – U.S. aerospace company Exelis Inc is close to unveiling a low-altitude surveillance system for drones, the latest sign of how a “highway in the sky” is likely to evolve.
U.S. small business confidence ticks up in February
WASHINGTON (Reuters) – U.S. small business optimism edged up in February amid signs of tightening labor market conditions, bolstering the view that a recent slowdown in economic activity will be temporary.
Apple Watch not yet setting Chinese pulses racing
BEIJING (Reuters) – Apple Inc had China front and center at the San Francisco launch of its smart Apple Watch, trumpeting a new store in Hangzhou city and demo-ing hit Chinese messaging app WeChat.
Fidelity tech fund trounces all rivals without holding Apple
NEW YORK (Reuters) – The best performing technology fund since the peak of the dot com boom did it all without owning Apple Inc , whose soaring stock price has pushed the Nasdaq near a new record high.
EU nears deal on $338 billion plan to tackle drop in investment
BRUSSELS (Reuters) – EU finance ministers agreed the details of a 315 billion euro ($338 billion) investment plan on Tuesday to help revive the European economy without piling up more debt, and now aim to get the first projects going by the end of the …
Futures tumble on Greece concerns, China data
NEW YORK (Reuters) – U.S. stock index futures fell on Tuesday, pressured by weaker-than-expected data out of China as well as ongoing concerns about debt talks in Greece.
Dollar at 12-year peak versus euro, emerging markets spooked
LONDON (Reuters) – The U.S. dollar hit multi-year highs against the euro and yen on Tuesday on the growing chance of the Federal Reserve hiking interest rates by mid-year, the prospect of which also hurt stocks and currencies from emerging markets.
Airbus sales chief says well placed for further output hikes
PHOENIX (Reuters) – Airbus, which recently announced an output increase for its A320 jet family, has amassed enough excess orders through overboooking to justify further production increases at some point in the future, its sales chief said on Monday.
Under-fire Uber pledges to enlist 1 million female drivers by 2020
SAN FRANCISCO (Reuters) – Ride-hailing app Uber, under the microscope due to a handful of driver assaults on passengers in some cities, pledged in a blog post to sign up one million female drivers globally by 2020.
China February consumer inflation rebounds
BEIJING (Reuters) – The pace of Chinese inflation unexpectedly picked up in February, but producer prices continued to slide, underscoring the intense pressure on profit margins at Chinese companies and adding urgency to policymakers’ efforts to find n…
