New year may mean new view on energy stocks
NEW YORK (Reuters) – Last year was an ugly one for the U.S. energy sector, and while the first trading day of 2015 pointed to continued weakness in oil, investors are starting to look to when the sector might start to recover.
Club Med set to back Chinese bid this week
PARIS (Reuters) – French holiday company Club Mediterrannee is expected to back an offer from a consortium led by Chinese billionaire Guo Guangchang this week after Italian rival bidder Andrea Bonomi declined to raise his offer on Friday.
Xiaomi revenue doubled to $12 billion in 2014: CEO microblog
SHANGHAI (Reuters) – Fast-growing Chinese tech firm Xiaomi Technology Ltd Co [XTC.UL] booked 74.3 billion yuan ($11.97 billion) in pre-tax sales last year, up 135 percent from 2013, the firm’s chief executive Lei Jun said on his official microblog acco…
Tesco to announce supplier contract revamp, job cuts: Sunday Times
LONDON (Reuters) – British supermarket chain Tesco will on Thursday announce drastic changes to supplier contracts and job cuts to help rebuild its reputation after an accounting scandal and four profit warnings last year, the Sunday Times reported.
Fed’s Rosengren, Harvard’s Summers offer cautious view of US economy
BOSTON (Reuters) – As the Fed winds down its economic stimulus, former U.S. Treasury Secretary Lawrence Summers says the country’s next economic booster could be exporting its fossil fuels around the globe, a move that could make America the next Saudi Arabia.
Germany believes euro zone could cope with Greece exit: report
BERLIN (Reuters) – The German government believes that the euro zone would now be able to cope with a Greece exit if that proved to be necessary, Der Spiegel news magazine reported on Saturday, citing unnamed government sources.
New year may mean new view on energy stocks
NEW YORK (Reuters) – Last year was an ugly one for the U.S. energy sector, and while the first trading day of 2015 pointed to continued weakness in oil, investors are starting to look to when the sector might start to recover.
Shake Shack IPO filing comes amid a hunger for premium burgers
NEW YORK (Reuters) – Shake Shack Inc’s filing this week for an initial public offering underscores a question for investors and foodies alike: How hungry are U.S. consumers for another burger chain?
Wall St. opens 2015 flat as data weighs
NEW YORK (Reuters) – U.S. stocks closed little changed on Friday in the first trading session of 2015, finishing well off session highs as economic data short-circuited early gains.
Oil declines in thin, volatile trading
NEW YORK (Reuters) – Global benchmark Brent crude oil closed down nearly a dollar a barrel Friday after a day of choppy trading despite expectations of new investments in the new year, as strong mid-day rallies in crude fizzled.
