Icahn urges ‘undervalued’ Apple to buy back more shares
(Reuters) – Billionaire activist investor Carl Icahn said Apple Inc’s shares could double in value and urged the company’s board to buy back more shares using its $133 billion cash pile.
Euro zone core must focus on investment: new EU growth czar
WASHINGTON (Reuters) – Germany, France and Italy must focus on public investment to boost economic growth, the European Union’s incoming top official responsible for growth and jobs said on Thursday.
With world economy stuttering, governments urged to open purse
WASHINGTON (Reuters) – World economic leaders are being urged to rally around a plan to let government do what it does best – spend money – in an effort to buoy a global economy that remains slack and slowing.
Google wins bid on which court to fight Rockstar over patents
WASHINGTON (Reuters) – Google Inc will fight patent holder Rockstar Consortium in a California court instead of a Texas court that lawyers consider more friendly toward plaintiffs.
ECB’s Draghi says expects lending to pick up soon in 2015
WASHINGTON (Reuters) – European Central Bank President Mario Draghi said on Thursday he expects bank lending, a key impediment to growth in the euro zone at the moment, to pick up early next year.
GT says knotty confidential pact rules out bankruptcy explanation
(Reuters) – Apple Inc supplier GT Advanced Technologies Inc argued on Thursday it could not reveal why it filed for bankruptcy and is asking the court to keep crucial documents sealed, a highly unusual situation that may keep investors in the dark as t…
Alibaba invests $50 million in TV remote app maker Peel
(Reuters) – Peel, the maker of an app that acts as a “smart remote” for TVs, said it secured an additional $50 million in funding from Chinese e-commerce giant Alibaba Group Holding Ltd .
With world economy stuttering, governments urged to open purse
WASHINGTON (Reuters) – World economic leaders are being urged to rally around a plan to let government do what it does best – spend money – in an effort to buoy a global economy that remains slack and slowing.
GE says data business on track for over $1 billion in sales
NEW YORK(Reuters) – General Electric Co said on Thursday it was on track to generate more than $1 billion in revenue this year from its industrial data-analysis business, and plans to make its software platform broadly available next year.
Germany’s Schaeuble says ‘writing checks’ won’t fix Europe
WASHINGTON (Reuters) – German Finance Minister Wolfgang Schaeuble said on Thursday more government spending was a wrong cure for the euro zone’s weak growth and dismissed the prospect of recession for Europe’s biggest economy.
