Sony sees 25-fold profit jump by 2018; could exit TVs, phones
TOKYO (Reuters) – Sony Corp aims to boost operating profit 25-fold within three years by growing its camera sensors and PlayStation units, its chief executive said, outlining a strategy that could see the company exit the cut-throat TV and smartphone s…
Mercedes-Benz says Pullman limo to start at 500,000 euros
FRANKFURT (Reuters) – Daimler said a new 12-cylinder Mercedes-Maybach Pullman will cost upwards of half a million euros ($570,000) and aim to set a new standard for chauffeur-driven limousines when it goes on sale in 2016.
U.S. housing starts fall, but still at lofty levels
WASHINGTON, (Reuters) – U.S. housing starts fell in January as ground breaking for single-family projects slipped
U.S. manufacturing output grows modestly, hit by auto decline
WASHINGTON (Reuters) – U.S. manufacturing output rose modestly in January and not at all in December, potentially worrisome signs for the U.S. economy given the recent strength in the dollar and weaker overseas markets.
Citigroup to set aside $100 bln to fund green initiatives
(Reuters) – Citigroup Inc said it would set aside $100 billion to fund environmental projects over the next decade, doubling the amount it had earmarked for such projects in 2007.
Greece faces resistance to extra emergency funds for banks -sources
FRANKFURT (Reuters) – The European Central Bank faces resistance from Germany to allowing any extra emergency lending for Greek banks, people familiar with the matter said, increasing pressure on Athens to sign up to an extended aid-for-reform program….
Hilton revenue beats estimate as occupancy increases
(Reuters) – Hilton Worldwide Holdings Inc , owner of the Conrad and Waldorf Astoria hotel brands, reported a better-than-expected 7 percent rise in quarterly revenue, as increased business travel in United States drove up occupancy rates.
Swiss to impose tougher capital requirements on UBS, Credit Suisse
ZURICH (Reuters) – The Swiss government said on Wednesday it would lay out tougher capital requirements for UBS and Credit Suisse by the year-end, in order to protect them against future crises.
JPMorgan reviewing size of trading units: Bloomberg
(Reuters) – JPMorgan Chase & Co is considering shrinking some of its trading businesses as it expects a new federal reserve proposal to make these businesses less profitable, Bloomberg reported.
Stocks march on as investors pin hopes on a Greek deal
LONDON (Reuters) – Stocks continued their relentless march higher on Wednesday as investors shrugged off the protracted uncertainty surrounding Greece’s debt negotiations with its creditors, pinning their hopes that a deal will be reached by the end of…
