World stocks flat, oil and gold edge up on Ukraine, China
LONDON (Reuters) – World stocks held steady, the euro edged down and oil and gold nudged up on Tuesday as traders kept a wary eye on tensions between Ukraine and Russia and the pace of growth in China.
U.S. investors closely monitoring Pimco after internal strife
NEW YORK (Reuters) – Several U.S. institutional investors said they are closely monitoring the developments at Pimco, the world’s largest bond firm, in the wake of Mohamed El-Erian’s abrupt resignation as CEO and ensuing acrimony between him and co-fou…
Exclusive: Chobani seeks to sell stake at $2.5 billion valuation -sources
NEW YORK (Reuters) – Chobani, the Greek yogurt maker that has grown into a U.S. sensation, is looking to sell a minority stake in a deal that could value the company at around $2.5 billion, people familiar with the matter said.
Hyundai Motor to launch first battery-powered electric car in 2016
HWASEONG, South Korea (Reuters) – Hyundai Motor Co plans to start selling its first battery-powered electric vehicle (EV) in 2016 as South Korea’s champion of fuel-cell cars hedges its bets in next-generation green technology.
VW near decision to produce SUV at Skoda or Seat plant: official
PRAGUE (Reuters) – Volkswagen is close to deciding on whether to produce a new sport-utility vehicle (SUV) for its mass-market brands Skoda and Seat at a plant in the Czech Republic or Spain, a Skoda union leader said on Tuesday.
Lenovo says China strike an IBM matter, but it won’t cut wages
SHANGHAI (Reuters) – Chinese PC maker Lenovo Group Ltd said it was up to IBM to resolve a wildcat strike at a China-based factory, as a deal to buy the U.S. company’s server business had yet to be finalized.
China to launch private bank pilot program
BEIJING (Reuters) – China will launch pilot programs testing the development of privately owned banks in Tianjin, Shanghai, Zhejiang and Guangdong, the country’s bank regulator Shang Fulin said on Tuesday.
White House has optimistic growth forecast for 2014, 2015
WASHINGTON (Reuters) – The White House on Monday forecast more robust economic growth in 2014 than last year and a further pickup in the economy for 2015.
Banker bonuses rise by nearly a third in 2013: survey
LONDON (Reuters) – Almost half of Britain’s bankers and other financial services professionals to receive 2013 bonuses were awarded more than the previous year, with the average payout rising by nearly a third, a survey showed on Tuesday.
Swatch sues Target, claims it copied watch designs
(Reuters) – Target Corp has been sued by Swatch Group SA, which accused the second-largest U.S. discount retailer of illegally selling watches that copy its own.
