Pilots at Lufthansa’s Germanwings begin two-day walkout
FRANKFURT (Reuters) – Pilots at Lufthansa’s budget airline, Germanwings, started a two-day strike on Thursday as German pilots’ union Vereinigung Cockpit (VC) seeks to put pressure on management in a long-running row over pay and conditions.
JPMorgan’s new approach to probing suspect transactions sparks internal friction
ST. LOUIS/WASHINGTON (Reuters) – Clashes over strategy within JPMorgan Chase & Co’s compliance operations have led to the departure of a series of managers in the past year, according to three of those who have left.
Hit hard in Venezuela, U.S. bond funds keep their nerve
BOSTON/CARACAS (Reuters) – Many U.S. bond funds hammered by an almost 30-percent decline in Venezuelan bond prices last year have kept big bets there, even as the South American country struggles with food shortages, runaway inflation and plunging oil …
U.S. foreclosure activity rises 5 percent in January: RealtyTrac
WASHINGTON (Reuters) – The number of U.S. properties in foreclosure upon rose 5 percent in January, driven by a jump in bank repossessions, real estate data firm RealtyTrac said on Thursday.
Apple deal, tax change could spark corporate solar stampede
(Reuters) – Apple Inc’s deal to buy nearly $1 billion of power from a massive First Solar Inc plant could be the first of a stampede of contracts driven by the looming change in a solar tax incentive that makes such projects particularly attractive.
Exclusive: Honda CEO shrugs off critics; will see through his supply reforms
(Reuters) – Honda Motor CEO Takanobu Ito, under fire for how he is dismantling the traditional way the Japanese car maker sources parts and technologies, has resisted moves for his ouster and will fight on for another two-year term, according to four p…
Baidu online video service more than doubled revenue growth in fourth-quarter, FY 2014
BEIJING (Reuters) – Baidu Inc, owner of China’s dominant search engine, said revenue growth for its online video service iQiyi more than doubled in the fourth quarter and for the whole of 2014.
Tesla CEO Musk says market value could rival Apple by 2025
DETROIT (Reuters) – Tesla Motors Inc missed fourth-quarter sales targets and analysts’ profit expectations, but Chief Executive Officer Elon Musk on Wednesday said by 2025 Tesla’s growth trajectory could take its market value to $700 billion, matching …
Tesla CEO Musk says market cap could match Apple’s $700 billion by 2025
DETROIT (Reuters) – Tesla Motors Inc Chief Executive Officer Elon Musk said on Wednesday the electric car company’s growth trajectory could take its market capitalization to $700 billion by 2025, matching that of Apple Inc.
Robust switching sales power strong quarter for Cisco
(Reuters) – Network equipment maker Cisco Systems Inc reported stronger-than-expected quarterly revenue and profit as demand for switching equipment and routers helped make up for weak spending by the company’s traditional telecom customers.
