China February HSBC services PMI edges up
BEIJING (Reuters) – Activity in China’s services sector grew modestly in February as new orders rose at their quickest pace in three months, a private survey showed just a few days after the central bank cut interest rates to stimulate the world’s seco…
United Airlines expects to use its cash pile to buy aircraft this year
NEW YORK (Reuters) – United Airlines expects to dip into its cash pile to help fund the purchase of new aircraft this year and rely less on debt financing, reflecting the U.S. airline industry’s dramatic financial turnaround, the carrier’s Chief Financ…
Sluggish February U.S. car sales blamed on blustery weather
DETROIT (Reuters) – For the second year in a row, ferocious winter weather slowed U.S. vehicle sales in February, causing the major automakers to miss analysts’ bullish projections.
Apple exploring settlement with electric car battery maker
(Reuters) – Apple Inc is discussing a settlement in a lawsuit brought by electric car battery maker A123 Systems, which accused the iPhone maker of poaching top engineers to build a large-scale battery division.
Apple plans fix next week for newly uncovered Freak security bug
BOSTON (Reuters) – Apple Inc and Google Inc said on Tuesday that they have developed fixes to mitigate the newly uncovered ‘Freak’ security flaw affecting mobile devices and Mac computers.
Oil up as Netanyahu blasts Iran, Libya forces strike terminals
NEW YORK (Reuters) – Oil rebounded on Tuesday as Israeli Prime Minister Benjamin Netanyahu warned the Obama administration against accepting a weak nuclear deal with Iran, while rival Libyan forces targeted oil terminals in the African nation.
Pimco CIO Ivascyn says ‘late decision-makers’ behind withdrawals
NEW YORK (Reuters) – Pimco’s top investment officer said on Tuesday that “late decision makers” are largely behind a rush of withdrawals from its flagship bond fund some five months after the departure of longtime manager Bill Gross, but the outflows s…
Wall St. falls from records, led by technology stocks
NEW YORK (Reuters) – U.S. stocks finished down on Tuesday, a day after the S&P and Dow hit records, and the Nasdaq retreated with technology stocks.
Investors pull $8.6 billion from Pimco Total Return Fund in February
NEW YORK (Reuters) – Investors yanked another $8.6 billion from the Pimco Total Return Fund last month, Pimco said on Tuesday in the latest indication the firm’s flagship fund is still reeling from the sudden departure of co-founder Bill Gross last Sep…
Target to cut thousands of jobs, eyes $2 billion in cost cuts
(Reuters) – U.S. retailer Target Corp on Tuesday said it planned to cut several thousand jobs, mainly from headquarters locations, as part of a restructuring that will cut $2 billion in costs over two years.
