Austrian Airlines cancels pay talks after staff veto offer
VIENNA (Reuters) – Austrian Airlines called off pay talks with cabin crew and pilots on Friday, after its works council rejected a wage offer and reminded the airline it could strike at any time.
U.S. consumer sentiment down in May, wages a concern
NEW YORK (Reuters) – A monthly gauge of U.S. consumer sentiment fell in May as a gloomy view on income growth clouded an otherwise positive economic outlook, a survey released on Friday showed.
Shares edge lower after setting highs, all eyes on ECB
LONDON (Reuters) – Global shares edged lower after hitting new highs on Friday, with investors positioning cautiously on the last trading day of the month and ahead of expected changes to European Central Bank policy next week.
U.S. Fed seen sticking to range when hiking interest rates
NEW YORK (Reuters) – Don’t count on the U.S. Federal Reserve to go back to a numerical bulls-eye to aim at when it finally decides to raise interest rates. A target range for the federal funds rate may well be here to stay, at least for the foreseeable…
easyJet chief executive McCall settled in for the long haul
LONDON (Reuters) – When Carolyn McCall took the top job at Britain’s easyJet, the abrasive boss of rival low-cost airline Ryanair attempted to write her off as “some old media luvvie”.
Sony creates senior entertainment unit role amid restructuring
TOKYO (Reuters) – Sony Corp has appointed for the first time a president for its profitable U.S.-based entertainment business, the latest in a series of management changes at the Japanese consumer electronics giant which is trying to bolster its financ…
Indonesia testing Cadbury products after Malaysia halal uproar
JAKARTA/KUALA LUMPUR (Reuters) – Indonesian authorities said on Friday they were testing products made by British confectioner Cadbury to check they complied with Islamic standards after two chocolate varieties in neighboring Malaysia were found to be …
Ford recalls nearly 1.4 million vehicles in North America
DETROIT (Reuters) – Ford Motor Co said on Thursday it is recalling 1.39 million SUVs and sedans in North America, most for the possible loss of power steering.
China tech firms gain from cyber barbs, Snowden revelations
SHANGHAI/BEIJING (Reuters) – Chinese software companies such as Neusoft Corp and China National Software & Service Co Ltd (ChinaSoft) are picking up sales and expanding their marketing as China trades cyber spying accusations with the United States.
E-cigarettes could sweeten potential Reynolds-Lorillard deal
NEW YORK (Reuters) – When Lorillard Inc bought the blu eCigs brand two years ago, the electronic cigarette had a 10 percent share of a tiny U.S. market, generating about $50 million in sales. It was available in only 12,000 retail outlets and over the …
