China’s Wanda, Tencent, Baidu to set up $814 million e-commerce company
BEIJING (Reuters) – China’s Dalian Wanda group and Tencent Holdings Ltd said on Friday they would set up a 5 billion yuan ($814 million) e-commerce joint venture with Baidu Inc , as the firms push into the high-growth e-commerce sector.
U.S. banking group says unaware of any ‘significant’ cyber attack
BOSTON (Reuters) – An influential U.S. financial services industry group that shares information about cyber threats has said it is unaware of any “significant” cyber attacks, downplaying concerns about possible breaches at JPMorgan Chase & Co and other banks.
Malaysia Airlines shares suspended pending announcement
KUALA LUMPUR (Reuters) – Shares in Malaysia Airlines (MAS) will be suspended on Friday ahead of a material announcement.
Vanishing euro zone inflation seen intensifying ECB policy headache
BRUSSELS/FRANKFURT (Reuters) – If euro zone inflation falls deeper into the ‘danger zone’ as expected on Friday, it will at the very least complicate the European Central Bank’s plans to wait and see whether its recent policy move to ignite the euro zo…
Telefonica prevails in battle for Vivendi’s Brazil unit GVT
PARIS (Reuters) – French media company Vivendi picked Telefonica for exclusive talks over the sale of its Brazilian broadband unit GVT, spurning a rival bid from Telecom Italia .
Vanishing euro zone inflation seen intensifying ECB policy headache
BRUSSELS/FRANKFURT (Reuters) – If euro zone inflation falls deeper into the ‘danger zone’ as expected on Friday, it will at the very least complicate the European Central Bank’s plans to wait and see whether its recent policy move to ignite the euro zo…
Bank of America seeks to void verdict in $1.27 billion ‘Hustle’ case
NEW YORK (Reuters) – Bank of America Corp on Thursday asked a federal judge to throw out a jury verdict finding it liable for fraud over defective mortgages sold by its Countrywide unit that resulted in a $1.27 billion penalty.
Ford, IBM win dismissal of 12-year lawsuit over apartheid abuses
NEW YORK (Reuters) – A Manhattan federal judge has dismissed a 12-year-old lawsuit accusing Ford Motor Co and IBM Corp of encouraging human rights abuses in apartheid-era South Africa, reluctantly concluding that the case does not belong in U.S. courts…
Wall Street loses ground on Ukraine worry
NEW YORK (Reuters) – U.S. stocks edged lower on Thursday after the latest tension between Ukraine and Russia snapped the focus of investors back to the volatile region, but U.S. economic data helped curb losses.
Exclusive: Microsoft CEO Nadella to visit China amid antitrust probe – source
BEIJING/SEATTLE (Reuters) – Microsoft Corp Chief Executive Officer Satya Nadella is set to visit China in late September, the company said on Thursday, as the Chinese government conducts an antitrust investigation into the world’s largest software comp…
