Honda to double number of models in China: media
TOKYO (Reuters) – Honda Motor Co will double the number of car models it sells in China over the next two years to try to capture market share from rivals such as General Motors Co , Japan’s Nikkei newspaper reported on Saturday.
Bill Gates on track to own no Microsoft stock in four years
SEATTLE (Reuters) – Bill Gates, the former chief executive and chairman of Microsoft Corp, will have no direct ownership in the company he co-founded by mid-2018 if he keeps up his recent share sales.
Jury reaches verdict in Apple-Samsung patents trial
SAN JOSE, California (Reuters) – The jury has reached a verdict on Friday in a patent trial between Apple Inc and Samsung Electronics Co Ltd, which will be read in a San Jose, California federal courtroom shortly, according to a court official.
Exclusive: U.S. anti-money laundering authority faces hiring probe – sources
NEW YORK/ST LOUIS (Reuters) – The U.S. Treasury Department temporarily froze all recruitment by its anti-money laundering arm and forced the agency to rescind 11 job offers, after an investigation found it violated the federal employment code during an…
Bill Gates on track to own no Microsoft stock in four years
SEATTLE (Reuters) – Bill Gates, the former chief executive and chairman of Microsoft Corp, will have no direct ownership in the company he co-founded by mid-2018 if he keeps up his recent share sales.
Berkshire quarterly profit hurt by winter weather, insurance
OMAHA, Nebraska (Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Friday said quarterly profit declined 4 percent, falling short of analyst forecasts, as earnings from insurance underwriting declined and bad weather disrupted shipping at its BNSF …
Wall Street Week Ahead-Bond, stock investors making hay; can both be right?
NEW YORK (Reuters) – With U.S. stocks near record highs and Treasury bond yields near multi-month lows, the disconnect between equity and debt investors has rarely been as stark. Over the coming months, the economy is likely to show one of the groups h…
U.S. job growth jumps, but shrinking labor force a blemish
WASHINGTON (Reuters) – U.S. employers hired workers at the fastest clip in more than two years in April, pointing to a rebound in economic growth after a dreadful winter and keeping the Federal Reserve on track to end bond purchases this year.
Wall Street dips as Ukraine concern offsets upbeat jobs data
NEW YORK (Reuters) – U.S. stocks eased on Friday as concerns about more violence in Ukraine prompted profit-taking ahead of the weekend and offset optimism about the fastest job growth in more than two years.
U.S. bankruptcy judge urges settlement on GM ignition defects
NEW YORK (Reuters) – A U.S. bankruptcy judge on Friday urged settlement talks in a dispute between General Motors Co and plaintiffs seeking compensation for the lost value of their cars stemming from a massive recall over a faulty ignition switch, thou…
