Air France pilots extend strike until Sept. 26
PARIS (Reuters) – Air France pilots have voted to extend their week-long strike over cost cuts and plans for the company’s Transavia unit by a further four days until Sept. 26, the head of the SNPL union said on Saturday.
As G20 chases growth goal, members differ on how to get there
CAIRNS Australia (Reuters) – Financial leaders of the Group of 20 top economies remain committed to chasing higher global growth, but were divided on how to achieve it as Germany pushed back at calls from the United States and others for more immediate…
Dollar’s rally bad news for oil, multinationals
NEW YORK (Reuters) – The asset with the greatest prowess of late has been the U.S. dollar, and if its rally continues, it threatens to eat into the earnings of multinational companies.
Alibaba surges 38 percent on massive demand in market debut
NEW YORK (Reuters) – Alibaba Group Holding Ltd’s shares soared 38 percent in their first day of trading on Friday as investors jumped at the chance for a piece of what is likely to rank as the largest IPO in history, in a massive bet on China’s burgeon…
When music stops for Oracle CEO dance, Catz may grab Ellison’s chair : analysts
NEW YORK (Reuters) – If Larry Ellison sailed off on his yacht for good tomorrow, who would really run Oracle Corp ?
U.S. court voids RadioShack class-action settlement over card receipts
(Reuters) – A federal appeals court on Friday voided RadioShack Corp’s class-action settlement with customers who objected to its putting credit and debit card expiration dates on receipts, saying the benefits of the accord appeared too small relative …
U.S. court tosses Argentina, Citigroup appeal in bond case
NEW YORK (Reuters) – A U.S. appeals court on Friday dismissed an appeal by Citigroup Inc and Argentina of a judge’s order blocking the bank from processing payments on $8.4 billion in bonds issued under the country’s local laws following its 2002 defau…
Alibaba surges 38 percent on massive demand in market debut
NEW YORK (Reuters) – Alibaba Group Holding Ltd’s shares soared 38 percent in their first day of trading on Friday as investors jumped at the chance for a piece of what is likely to rank as the largest IPO in history, in a massive bet on China’s burgeon…
Exclusive: France’s Iliad sets mid-Oct deadline for T-Mobile US bid – sources
LONDON/FRANKFURT (Reuters) – French low-cost telecom operator Iliad has set a mid-October deadline to decide whether to improve its bid for T-Mobile US or walk away as it faces resistance from seller Deutsche Telekom, several people familiar with the s…
Wall St. flat as Oracle takes air out of Alibaba debut
NEW YORK (Reuters) – U.S. stocks closed little changed on Friday after Alibaba’s strong debut was offset by falling technology shares as Oracle and Yahoo stumbled, but the Dow managed to edge higher to set a record for a second straight session.
