Stocks brush off China, U.S. data misses, euro bulls run
LONDON (Reuters) – May Day holidays in Europe and much of Asia muted the market impact on Thursday of data showing China’s vast manufacturing sector just missed forecasts, a day after U.S. growth numbers had also disappointed.
Fed shows faith in U.S. economy with bond-buying reduction
WASHINGTON (Reuters) – The Federal Reserve on Wednesday looked past a dismal reading on first quarter U.S. growth and gave a mostly upbeat assessment of the economy’s prospects as it announced another cut in its massive bond-buying stimulus.
New Boeing jets hold key to more than half of future sales
SEATTLE (Reuters) – Boeing Co said it expects to finish flight testing its stretched 787-9 Dreamliner in the next two months and deliver it around mid-year, one of six new jets the world’s biggest plane-maker aims to get into service by the end of the …
China PMI steadies, but doesn’t dispel growth worries
BEIJING (Reuters) – Activity in China’s factories increased marginally in April but export orders fell sharply, a government survey showed on Thursday, adding to questions about whether the world’s second-largest economy is stabilizing after its first-…
Okada files criminal complaint against Wynn in Japan
TOKYO (Reuters) – Universal Entertainment Corp and its billionaire founder Kazuo Okada have filed a criminal complaint against Wynn Resorts Ltd and its CEO Steve Wynn in Japan on allegations of defamation.
Pfizer’s designs on AstraZeneca stir tax envy among rivals
NEW YORK (Reuters) – Rumors about a massive healthcare deal were circulating in industry circles, months before Pfizer Inc disclosed its $100 billion pursuit of Britain’s AstraZeneca Plc, according to several industry bankers and lawyers.
Berkshire share gains may offer Buffett cover at annual meeting
OMAHA, Nebraska (Reuters) – A ho-hum stock market so far this year may be just what Berkshire Hathaway shareholders needed.
Buffett pressures Coke privately on compensation plan after publicly abstaining: WSJ
(Reuters) – The Coca-Cola Co is likely to revise its controversial equity compensation plan for executives before it goes into effect in 2015, following pressure from Warren Buffett, the Wall Street Journal reported, citing people familiar with the mat…
Exclusive: Faulty technology triggered CME trading outage – chairman
LOS ANGELES/CHICAGO (Reuters) – The worst-ever trading outage on the world’s most important agricultural markets was triggered when sophisticated technology tripped over a trading halt in a single market, the executive chairman of exchange operator CME…
Ukraine crisis could halt Europe’s defense downturn: Airbus CEO
WASHINGTON (Reuters) – Concerns about Russia’s actions in Ukraine could halt a decade-long decline in European military spending, Airbus Group Chief Executive Officer Tom Enders said Wednesday, as he also underscored concerns about growing Chinese mili…
