Exclusive: Facebook, Xiaomi discussed possible investment in the Chinese smartphone maker – sources
HONG KONG/BEIJING (Reuters) – Mark Zuckerberg and Xiaomi Inc CEO Lei Jun discussed a potential investment by Facebook in China’s top smartphone maker ahead of its $1.1 billion fundraising last month, but a deal never materialized, several people with k…
China December trade more robust than expected, but concerns linger
BEIJING/SHANGHAI (Reuters) – China’s December trade data beat expectations as demand from a stronger U.S. economy helped offset weakness in Europe and Japan, while Chinese bargain-shopping in commodities markets put a floor under sliding imports.
European banks face $52 billion in litigation costs: Morgan Stanley
LONDON (Reuters) – Royal Bank of Scotland and Barclays may have to pay some of the biggest bills from an estimated $52 billion in fines and other litigation costs facing Europe’s banks in the next two years, Morgan Stanley analysts said.
Investors may wait longer for higher dividends from U.S. banks
NEW YORK (Reuters) – Investors had hoped that the biggest U.S. banks would boost dividend payments substantially in 2015, but recent events including slumping oil prices will make it harder for banks to pay out more.
Oil slide hits energy shares but Alcoa cheers some
LONDON (Reuters) – Oil prices slid on Tuesday to their lowest in almost six years, depressing energy shares but cheering those investors who focused on stocks seen as likely to benefit from cheaper fuel costs.
United Airlines considers outsourcing jobs at 28 U.S. airports
(Reuters) – United Airlines is assessing whether to outsource jobs at airports around the country in a cost-cutting effort that could impact some 2,000 workers.
RadioShack offered $500 million loan from Salus Capital: WSJ
SAN FRANCISCO (Reuters) – Salus Capital Partners would provide $500 million to RadioShack Corp in a kind of debtor-in-possession loan used by companies to fund operations in bankruptcy, the Wall Street Journal reported on Monday.
Daimler still bullish about China amid BMW woes
DETROIT (Reuters) – Daimler Chief Executive Officer Dieter Zetsche said on Monday he saw no signs of a significant slump in sales for Mercedes-Benz luxury cars in China, even as rival BMW struck a more cautious tone.
Wall St. falls; energy shares dragged down further by oil
NEW YORK (Reuters) – U.S. stocks fell for a second straight session on Monday, led by another sharp decline in energy shares as oil prices tumbled about 5 percent and concern grew ahead of corporate earnings season.
Exclusive: Toyota ends freeze on expansion, looks at three new plants
DETROIT/TOKYO (Reuters) – Toyota Motor Corp is ending a three-year freeze on building new vehicle assembly plants and is looking to open two new assembly plants in China and another in Mexico, four executives familiar with the company’s plans said.
