Stocks head for worst quarter since euro crisis, dollar reigns
LONDON (Reuters) – World markets were in hesitant mood on Tuesday as investors wondered what China’s response would be to civil unrest in Hong Kong, while the U.S. dollar eased off the throttle after its biggest quarterly gain in six years.
China OKs iPhone 6 sale after Apple addresses security concerns
BEIJING (Reuters) – The iPhone 6 will be sold in China from Oct 17, after rigorous regulator scrutiny led to Apple Inc reassuring the Chinese government that the smartphones did not have security “backdoors” through which U.S. agencies can access users…
Retirement plan advisers set to flee Pimco after Gross exit
(Reuters) – Bill Gross’s sudden departure from Pimco and the Total Return Fund he ran for 27 years was the last straw for Jim Phillips, president of Retirement Resources, a Peabody, Massachusetts-based firm that advises 401(k) plans with $50 million to…
Strong dollar, rising volatility mark third-quarter markets. Same again in fourth quarter?
LONDON (Reuters) – The biggest scramble for dollars and sharpest rise in currency volatility for years were the hallmarks of financial markets in the third quarter, developments which have intensified worries that the final three months of the year mig…
Ford shares tumble on lower profit outlook for 2014-2015
DEARBORN (Reuters) – Higher recall costs in North America and steeper losses in Russia and South America have caused Ford Motor Co to slash its forecast for pretax profit this year to $6 billion, from $7 billion to $8 billion previously, executives tol…
Pimco staff ‘frantic and sad’ in wake of Bill Gross sudden exit
NEW YORK, Reuters – Shock and disbelief lingered at Pimco’s sleek Newport Beach, California, headquarters on Monday, 72 hours after the investment firm was rocked by the sudden defection of co-founder Bill Gross to far-smaller rival Janus Capital Group.
Women lag in venture capital even as they make strides as entrepreneurs
SAN FRANCISCO (Reuters) – Women venture-capital partners are becoming scarcer even as more women entrepreneurs are winning venture cash, according to a report from Babson College.
Boeing to shift most defense work out of Washington state
WASHINGTON (Reuters) – Boeing Co on Monday said it would move the majority of its defense services and support work out of Washington state to other U.S. cities, affecting the jobs of about 2,000 of its 5,200 defense employees in the Puget Sound region…
Americans step up spending, but home market weakens
WASHINGTON (Reuters) – U.S. consumer spending accelerated in August, the government said on Monday, a positive sign for an economy that appears to be firing on nearly all cylinders.
Wall St. ends down on Hong Kong tensions, Ford outlook
NEW YORK (Reuters) – U.S. stocks ended lower on Monday following protests in Hong Kong that added to worries about Chinese growth and after a disappointing forecast from Ford Motor Co.
