GE to build back-office facility in Cincinnati
(Reuters) – General Electric Co will build a new facility to house its back-office functions in the Cincinnati area, the U.S. conglomerate said on Thursday, as it seeks to simplify its operations and cut costs.
H&M calls for faster factory inspections in Bangladesh
STOCKHOLM (Reuters) – Hennes & Mauritz (H&M) , the world’s second-biggest fashion retailer, said on Thursday Bangladesh needed to speed up inspections of its garment industry, almost a year after the collapse of a factory that killed more than 1,100 people.
Wal-Mart partners with Wild Oats to roll back prices on organic food
(Reuters) – Wal-Mart Stores Inc wants Americans, even those on a budget, to buy more organic food.
BP says can act as bridge between Russia and West
LONDON (Reuters) – BP will use its presence in Russia to help enhance relations between Moscow and the West, Chief Executive Bob Dudley said on Thursday as he restated his company’s commitment to the country.
U.S. import prices rise on surge in food costs
WASHINGTON (Reuters) – U.S. import prices rose more than expected in March as food prices recorded their largest increase in three years, but there was little sign of a broader pickup in imported inflation.
Family Dollar to cut jobs, shut 370 stores as sales fall
(Reuters) – Family Dollar Stores Inc , seeking to reverse declining sales and profit, said on Thursday it would it would cut jobs, shut hundreds of underperforming stores and slash prices.
Bonds buoyed by Greek return as equity gains fizzle out
LONDON (Reuters) – Greece’s much-heralded return to the bond market buoyed euro zone debt on Thursday, outperforming flat equity markets as gains driven by easing U.S. interest rate concerns fizzled out.
U.S. start-ups raise $9.99 billion, hit outsized valuations in first-quarter
SAN FRANCISCO (Reuters) – Venture capital funding for U.S. start-ups hit its highest mark since 2001 during the first three months of the year and 11 companies were valued at $1 billion or more, underscoring the increasingly pricey environment for entr…
IGate’s quarterly results beat estimates
(Reuters) – Outsourcing company iGate Corp reported better-than-expected results for the first quarter, helped by customer additions and contract wins.
China’s soaring potential a springboard for budget airlines
BEIJING (Reuters) – The chairman of Spring Airlines requires his employees to use both sides of a sheet of paper before throwing it away and even removed most of the bulbs lighting the corridor to his office – all part of his quest to save money.
