U.S. trade pact in spotlight as new EU Commission faces grilling
BRUSSELS (Reuters) – The European Union’s likely next trade chief will face tough questions about how she would handle free trade negotiations with the United States when confirmation hearings for the new European Commission open on Monday.
Pimco moving away from Bill Gross model, CEO says
(Reuters) – Pimco CEO Doug Hodge said on Sunday that Pimco is moving away from a founder-led model and that the Newport Beach, California-based firm’s flagship fund previously run by co-founder Bill Gross “does not define Pimco.”
Hong Kong protests deepen retail gloom as China visitors stay away
HONG KONG (Reuters) – Increasing civil unrest in Hong Kong is scaring off Chinese tourists, heaping further pressure on retailers which are already grappling with a protracted slowdown in sales.
Consumerism booms as Cambodia embraces once-forbidden capitalism
PHNOM PENH (Reuters) – Chy Sila has come a long way since he invested his $500 life savings in a small shop in Cambodia’s capital to sell bootleg music and pirated movies.
Brussels to accuse Apple over illegal Irish tax deals: FT
(Reuters) – The European Commission will accuse Apple Inc of benefiting from illicit state aid in Ireland, based on preliminary findings of an investigation into tax deals, the Financial Times reported citing people familiar with the matter.
New CEO could send JetBlue shares flying: Barron’s
NEW YORK (Reuters) – JetBlue shares have struggled compared with their airline peers this year, but the arrival of a new chief executive could lead to sharp gains at the low-cost airline, Barron’s wrote in its Sept. 29 edition.
Fed hawk Fisher says U.S. risks falling behind curve on inflation
WASHINGTON (Reuters) – Richard Fisher, president of the Dallas Federal Reserve Bank, said the United States risks falling behind the curve on inflation as wage pressure starts to bubble in some parts of the country.
Air France strike ends, company to develop low-cost unit
PARIS (Reuters) – Air France pilots called off on Sunday a two-week strike that had cost the airline more than 280 million euros ($355 million), despite continued deadlock with managers over the development of the firm’s low-cost operations.
Yahoo-AOL merger proposal: recipe for revival, or stagnation?
(Reuters) – A proposed merger of Internet pioneers AOL Inc and Yahoo Inc could create a nimbler player in Web video, but strong growth, the measure of success in Silicon Valley, would remain elusive.
Microsoft boss Nadella promises cooperation in Chinese antitrust probe
BEIJING (Reuters) – Microsoft Corp chief executive Satya Nadella promised to cooperate fully with Chinese authorities in their antitrust investigation into his company during a meeting with a top regulator in Beijing, the Chinese government said.
