News Corp wins dismissal of U.S. lawsuit over phone hacking
NEW YORK (Reuters) – News Corp, its Chairman Rupert Murdoch and other top officials have won the dismissal of a U.S. lawsuit accusing them of defrauding shareholders by concealing widespread, illegal phone hacking at two of its British newspapers.
Europe, China factory sectors weaken in March; U.S. stable
NEW YORK/LONDON/BEIJING (Reuters) – Manufacturing in Asia and Europe finished the first quarter on a weaker note but activity in the United States remained relatively steady, suggesting severe winter weather in North America had only a modest effect on…
Banks pull out of lawsuit vs. Target, Trustwave over data breach
(Reuters) – Two U.S. banks that sued Target Corp and credit card security firm Trustwave Holdings Inc over responsibility for one of the largest data breaches on record have at least for now dropped their lawsuit.
Global factory growth lost momentum in March: PMI
LONDON (Reuters) – Global manufacturing growth lost momentum last month as new orders came in at a slower pace but factories increased staffing to meet the continued expansion, a business survey showed on Tuesday.
Swatch Group sees orders rise at industry’s main yearly trade fair
BASEL, Switzerland (Reuters) – Swiss watchmaker Swatch Group SA has seen a rise in orders at the industry’s main annual trade fair, the group’s chairwoman told Reuters on Tuesday in remarks that confirm an upbeat tone from the company.
Greece wants no third bailout, euro zone hopeful but cautious
(Reuters) – Greece, fully funded for the next 12 months, hopes to finance itself on the market afterwards, but its euro zone peers say success depends on whether Athens delivers on the reforms it has promised so far.
Manufacturing growth accelerates in March: ISM
NEW YORK (Reuters) – U.S. manufacturing growth accelerated for a second straight month in March, an industry report showed on Tuesday, as production recovered though employment growth slowed.
U.S. construction spending barely up as homebuilding tumbles
WASHINGTON (Reuters) – U.S. construction spending barely rose in February as outlays on private residential construction projects recorded their biggest decline in seven months, a sign that severe weather continues to hobble the economy.
Reassuring Fed gets markets off to solid second-quarter start
LONDON (Reuters) – World stocks got off to a solid start in the second quarter, as reassuring remarks by the head of the Federal Reserve and stronger-looking emerging markets helped to keep their recent rally alive.
GE recalls hundreds of baby ‘warmers’ in China over safety fears
SHANGHAI (Reuters) – A healthcare unit of General Electric Co has recalled hundreds of incubator-like infant “warmers” in China over safety concerns as Beijing tightens oversight of the country’s fast-growing medical device sector.
