Markets cheer Japan vote call as more stimulus eyed
LONDON (Reuters) – European shares rose and bond yields fell on Tuesday on hopes that a snap election and delayed tax increase in Japan might lead to more economic stimulus measures, which also knocked the yen to its lowest since 2007.
Sony targets stronger entertainment revenue growth to help restructuring
TOKYO (Reuters) – Sony Corp aims to lift its movie entertainment revenues by more than a third in the next three years, its chief executive said on Tuesday as the loss-making consumer electronics firm tries to counter flagging smartphones sales.
Lufthansa signs $1.25 billion outsourcing deal with IBM
BERLIN (Reuters) – IBM has won an outsourcing contract from Germany’s Lufthansa worth 1 billion euros ($1.25 billion) that will see the U.S. company take over the airline’s information technology infrastructure services division and staff.
As China’s luxury car wave ebbs, foreign firms seek domestic foothold
GUANGZHOU China (Reuters) – Daimler AG will give its new luxury baby, the Mercedes-Maybach limousine, a glitzy world debut at this week’s Guangzhou autoshow, even as analysts warn the end is nigh for China’s 10-year high-end car sales boom.
Toyota aims to replicate Prius success with fuel cell Mirai
NEWPORT BEACH California/TOKYO (Reuters) – Toyota Motor Corp will introduce its first mass-market fuel cell car next month, hoping to replicate the success of its Prius hybrid with a vehicle that runs on hydrogen instead of gasoline.
Seven big U.S. companies paid CEOs more than Uncle Sam in 2013: study
WASHINGTON (Reuters) – Seven of the 30 largest U.S. corporations paid more money to their chief executive officers last year than they paid in U.S. federal income taxes, according to a study released on Tuesday that was disputed by at least one of the …
Exclusive: Iran uses China bank to transfer funds to Quds-linked companies – report
NEW YORK/LONDON/SHENZHEN (Reuters) – There is no trace of Shenzhen Lanhao Days Electronic Technology Co Ltd at its listed address in the beige and pink-tiled “Fragrant Villa” apartment complex in this southern Chinese city. The building’s managers say they’ve never heard of it.
Starbucks says wrongly accused of fighting Vermont GMO labeling law
(Reuters) – Starbucks Corp said on Monday it has been wrongly accused in online petitions of supporting a Grocery Manufacturers Association lawsuit to block Vermont’s GMO labeling law.
S&P 500 ends at record high; mergers offset Japan recession
NEW YORK (Reuters) – The S&P 500 edged up to close at a record high on Monday as deal activity worth $100 billion offset concerns about overseas growth after Japan’s economy slipped into recession.
Allergan agrees to $66 billion Actavis offer; Valeant walks
(Reuters) – Botox maker Allergan Inc on Monday accepted a $66 billion takeover bid from Actavis Plc, ending a seven-month hostile pursuit by activist investor William Ackman and Valeant Pharmaceuticals International Inc.
