ECB cools speculation over bank health checks ahead of results
MADRID/VIENNA (Reuters) – The European Central Bank cautioned on Wednesday against speculation over the outcome of its stress tests after a media report said at least 11 banks had failed the landmark financial health checks, driving some banking shares…
Toyota executive stands by Takata as supplier despite air bag troubles
TOKYO (Reuters) – A top Toyota Motor Corp executive said on Wednesday the Japanese automaker has no plans to abandon Takata Corp despite the supplier’s struggles with air bag inflators that could rupture and spray metal shrapnel at vehicle occupants.
Pimco’s banking expert expects 18 lenders to fail ECB stress test
LONDON (Reuters) – Fixed income investment firm Pimco’s global banking specialist, Philippe Bodereau, expects 18 banks will be seen to have failed the European Central Bank’s stress test of 130 regional lenders when results are published by the ECB on …
Lufthansa close to deal with IBM for IT infrastructure unit
BERLIN/FRANKFURT (Reuters) – German airline Lufthansa is close to a deal to sell its IT infrastructure unit to IBM , including an outsourcing agreement for the services, as part of a shake-up of its technology activities, it said on Wednesday.
Siemens sees catch-up with rivals beginning in 2018
FRANKFURT (Reuters) – German engineering group Siemens may need until 2018 before it can start to catch up with major rivals in terms of sales growth, its chief executive told a German magazine.
Big Tech winning battle with ‘patent trolls’
(Reuters) – For two decades, companies that buy software patents to sue technology giants have been the scourge of Silicon Valley. Reviled as patent trolls, they have attacked everything from Google’s online ads to Apple’s iPhone features, sometimes wi…
Xerox revenue falls on lower printer sales
(Reuters) – Xerox Inc reported a 2 percent fall in quarterly revenue, hurt by slowing demand in its printing business.
European shares fall as bank stress test worries offset ECB stimulus talk
LONDON (Reuters) – European shares slipped and the euro hit a one-week low on Wednesday as reports that at least 11 banks could fail a region-wide financial health check this weekend offset hopes of corporate bond buying by the ECB.
Futures flat after four-day rally, Yahoo up early
NEW YORK (Reuters) – U.S. stock index futures were flat on Wednesday, implying that buyers were taking a pause following the biggest four-day rally for the S&P 500 since January 2013.
Apple CEO discusses security with top Chinese official amid hacking claims: Xinhua
BEIJING (Reuters) – Apple Inc Chief Executive Tim Cook discussed user data security at a meeting on Wednesday with a top Chinese government official in Beijing, the official Xinhua news agency reported.
