World stocks hold at all-time high after bumper week
LONDON (Reuters) – World stocks were enjoying the view at an all-time high on Friday, lifted by a week of strong U.S. economic data and promises from the European Central Bank that cheap money will be sloshing around for years.
Double-digit profit growth may return in second quarter
NEW YORK (Reuters) – With all the hoopla over the Dow topping 17,000 out of the way, the market’s next focus will be whether the fast-approaching earnings season can justify U.S. stocks climbing further into record territory.
After beating Google, Korea’s Naver goes global with messaging app Line
SEOUL (Reuters) – The billionaire founder of web portal operator Naver Corp beat back Google Inc to leave South Korea one of few countries where the U.S. search engine does not dominate.
Samsung Electronics faces falling profits as succession looms
SEOUL (Reuters) – Smartphone leader Samsung Electronics Co Ltd faces a third straight quarter of profit decline that could become a fourth as cheaper models grab a bigger share of a slowing market and Apple Inc readies the launch of its iPhone 6.
Dish Network shares may rise 20 percent after spectrum auction: Barron’s
NEW YORK (Reuters) – Dish Network Corp shares could jump 20 percent over the next year if the Federal Communications Commission’s wireless spectrum auction prompts investors to revalue the company’s wireless real estate, Barron’s said in a story publis…
VW receives Chinese approval for two more plants – sources
CHENGDU China (Reuters) – German carmaker Volkswagen has received approval from China’s National Development and Reform Commission (NDRC) to add two more factories in the country, two people close to the matter said on Sunday.
IBM signs up to help fight China’s war on smog
BEIJING (Reuters) – IBM Corp has signed an agreement with the city of Beijing to use advanced weather forecasting and cloud computing technologies to help tackle the Chinese capital’s persistent smog.
Daimler expects sales to surpass Audi, BMW in China this year
FRANKFURT (Reuters) – German carmaker Daimler expects its Mercedes-Benz brand to overtake rivals Audi and BMW by number of cars sold in China this year as its new strategy for the world’s biggest car market starts to bear fruit, a board member told a n…
Henkel may splash out on further acquisitions: CFO in paper
FRANKFURT (Reuters) – German consumer goods group Henkel may make further acquisitions to bolster its portfolio of detergents and hair care products after announcing two deals last month, its finance chief was quoted saying.
Boeing 737 fuselages damaged in train derailment
SEATTLE (Reuters) – A train derailment in Montana this week damaged a shipment of jetliner fuselages and other large parts on its way to Boeing Co factories in Washington state from Spirit Aerosystems, Boeing said on Saturday.
