U.S. firms’ optimism on China ebbs, wary of local rivals: survey
WASHINGTON (Reuters) – U.S. companies are increasingly less optimistic about the business outlook in China, and see growing competition from local rivals who get preferential treatment as a key challenge, a survey showed on Friday.
Activist investor buys stake in Yahoo, urges AOL merger
SAN FRANCISCO/NEW YORK (Reuters) – Activist investor Starboard Value LP said on Friday it has acquired a “significant” stake in Yahoo Inc YHOO.O and urged the Internet company to explore a merger with AOL Inc AOL.N.
Tesco boss says company needs culture change
LONDON (Reuters) – Tesco needs to make changes in the way it operates, its new boss told employees after a week which saw an accounting scandal at the British grocer wipe 3 billion pounds from its stock market value.
Takata regional U.S. air bag recalls may include GM vehicles
DETROIT/TOKYO (Reuters) – The safety recall in parts of the United States of millions of vehicles with potentially defective air bags made by Japan’s Takata Corp may expand to include General Motors Co , according to documents filed this week with U.S….
Business spending, exports spur big bounce in U.S. economy
WASHINGTON (Reuters) – The U.S. economy grew at its fastest pace in 2-1/2 years in the second quarter with all sectors contributing to the jump in output in a bullish signal for the remainder of the year.
Telecom Italia says will review Argentina unit sale deal
MILAN (Reuters) – The board of Telecom Italia has asked its management to look at possible changes to an agreement to sell its controlling stake in Telecom Argentina to U.S. investment company Fintech, the Italian company said on Friday.
Wall Street rallies but ends lower for week
NEW YORK (Reuters) – U.S. stocks ended higher on Friday, with the S&P 500 rallying back above a key technical level, but the advance was not enough to offset recent declines and major indexes closed out their worst week of the past eight.
Citigroup, Argentina bond holdouts argue over $5 million payment: hearing
NEW YORK (Reuters) – Creditors suing Argentina over defaulted debt battled with Citigroup Inc in a Manhattan federal courtroom on Friday over the bank’s request to process a $5 million payment due September 30 on bonds issued under Argentina’s local la…
U.S. judge scrutinizes HP shareholder deal in Autonomy case
SAN FRANCISCO (Reuters) – A U.S. judge on Friday sharply questioned provisions of a shareholder settlement that would release Hewlett-Packard Co executives from liability over the computing company’s botched acquisition of Autonomy Plc.
Air France urges pilots to accept deal to end strike
PARIS (Reuters) – Air France sought to bring a costly 12-day pilots strike, over the expansion of its budget Transavia unit, to an end on Friday with a series of proposals that won the backing of the company’s board and French Prime Minister Manuel Val…
