UK banks face break-up threat as watchdog plans competition probe
LONDON (Reuters) – Britain’s big banks could be broken up after the country’s new competition watchdog said it plans to launch an 18-month investigation into services for small business customers and personal current accounts.
Asian shares fall as Malaysian jet downing hits sentiment
TOKYO (Reuters) – Asian shares sagged on Friday and a drop in Treasury bond yields put pressure on the dollar after the downing of a Malaysian Airlines passenger plane over Ukraine sent investors scurrying into defensive assets.
Growth slightly lower than 7.5 percent ‘acceptable’: China’s Li
SHANGHAI/BEIJING (Reuters) – Chinese Premier Li Keqiang said economic growth of slightly more or less than 7.5 percent this year would be acceptable as long it still led to new jobs and higher wages, the official Xinhua news agency reported late on Thu…
Murdoch is pouncing on Time Warner while rivals are distracted
NEW YORK (Reuters) – Rupert Murdoch looks to have been canny in his $80 billion takeover approach to Time Warner Inc, cornering the media giant at a time when potential “white knight” bidders are busy absorbing their own large deals.
Murdoch’s tenacity is the trade in Time Warner-Fox face-off
NEW YORK (Reuters) – Many investors say the best trading strategy around a potential takeover of Time Warner Inc by Twenty-First Century Fox is to wager that media baron Rupert Murdoch will pay up to get what he wants. The trick is that it may be too l…
Google’s executive shuffle highlights its growing ambitions
SAN FRANCISCO (Reuters) – Google Inc’s reshuffle of its senior ranks underscores the Internet company’s evolving business ambitions, analysts say.
CBS CEO says he will look at CNN if it goes up for sale
LOS ANGELES (Reuters) – CBS Corp Chief Executive Officer Leslie Moonves said on Thursday the media company would take a look at Time Warner Inc’s cable news network CNN if it goes up for sale as part of a merger with Rupert Murdoch’s Twenty-First Centu…
Next-generation iPhone to enter mass production this month: media
TAIPEI (Reuters) – Taiwan’s Hon Hai Precision Industry Co Ltd, the world’s largest contract manufacturer of electronic goods, will begin mass production of Apple Inc’s next-generation iPhone this month, local media reported Friday.
Microsoft to cut 18,000 jobs this year as it chops Nokia
SEATTLE (Reuters) – Microsoft Chief Executive Officer Satya Nadella kicked off one of the largest layoffs in tech history on Thursday, hoping to reshape the aging PC industry titan into a nimbler rival to Apple and Google, and jolt a culture at the com…
FedEx faces U.S. criminal charges over online pharmacies
SAN FRANCISCO (Reuters) – FedEx Corp was indicted on Thursday for shipping packages from illegal online pharmacies despite repeated warnings from U.S. drug enforcement officials, according to a court filing.
