Euro zone robust April output boosts second-quarter GDP growth hopes
BRUSSELS (Reuters) – Euro zone industrial output rebounded with a twice-as-strong as expected monthly rise in April thanks to energy and non-durable goods production, official data showed on Thursday, pointing to an acceleration of economic growth in t…
Intel loses court challenge against $1.4 billion EU fine
LUXEMBOURG (Reuters) – U.S. chipmaker Intel lost on Thursday its challenge against a record 1.06 billion euro ($1.44 billion) European Union fine handed down five years ago, as Europe’s second highest court said regulators did not act too harshly.
Oil at three-month high on Iraq anxiety, stocks steady
LONDON (Reuters) – European shares held steady near 6-1/2-month highs on Thursday, with gains limited by concerns over the pace of global growth, while oil prices hit a three-month peak on escalating violence in Iraq.
Amazon offers limited streaming music service with Prime
SAN FRANCISCO (Reuters) – Amazon.com Inc launched a streaming music service on Thursday that comes free with its $99-a-year Prime membership program, but offers a smaller selection of recent hits than rivals Spotify and Apple Inc’s Beats Music.
Canada builds LNG army for West Coast, may come up short
VANCOUVER (Reuters) – The Canadian province of British Columbia is on the brink of a liquefied natural gas boom, but a shortfall of thousands of workers is imperiling billions in investment dollars.
Mickelson did not trade in Clorox stock: NYT
(Reuters) – Golf star Phil Mickelson was not involved in insider trading in the shares of Clorox Co when billionaire investor Carl Icahn was attempting an unsolicited takeover of the consumer products company in 2011, the New York Times reported, citin…
UCWeb buy may raise Alibaba IPO valuation: UCWeb CEO
BEIJING (Reuters) – Alibaba Group Holding Ltd’s full acquisition of Chinese mobile browser firm UCWeb and subsequent merger may create a higher valuation for Alibaba’s coming U.S. listing, UCWeb Chief Executive Yu Yongfu said at a group media interview…
U.S. healthcare data points to much weaker first-quarter GDP
WASHINGTON (Reuters) – The U.S. economy likely contracted at a much sharper pace in the first quarter than previously estimated with data on Wednesday showing weaker healthcare spending.
Judge considers dismissing U.S. fraud case against Bank of America
ASHEVILLE N.C. (Reuters) – A federal judge on Wednesday said he would consider dismissing a U.S. Department of Justice lawsuit accusing Bank of America Corp of civil fraud in the sale of mortgage securities that soured during the global financial crisi…
Asian shares retreat, oil near three-month high on Iraq concerns
TOKYO (Reuters) – Asian shares slipped on Thursday after Wall Street shares stepped back from record levels while civil war in Iraq supported oil prices.
