IBM China workers strike over terms in $2.3 billion Lenovo deal
SHENZHEN (Reuters) – More than 1,000 workers at an IBM factory in southern China have gone on strike against the terms of their transfer to Chinese PC maker Lenovo Group Ltd caused by the U.S. company’s $2.3 billion sale of its low-end server business….
U.S. jobless claims tumble to three-month low
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell more than expected and hit a three-month low last week, a sign of strength in a labor market that has been hobbled by severe weather.
U.S. fourth-quarter productivity slashed
WASHINGTON (Reuters) – The U.S. government on Thursday sharply revised down nonfarm productivity for the fourth quarter, mirroring the economy’s slow growth pace in the same period.
Stocks rise on Ukraine diplomacy, ECB easing speculation
LONDON/PARIS (Reuters) – World shares rose on Thursday, supported by diplomatic efforts to cool the crisis in Ukraine, while the euro held steady on speculation the ECB could take fresh action to support the euro zone economy.
Exclusive: DirecTV in talks with Disney on deal for Internet rights
(Reuters) – DirecTV is in talks with Walt Disney Co to license the rights to offer Disney’s broadcast and cable channels as part of an Internet-based product, DirecTV said on Wednesday.
CEO in apparent suicide was bitcoin fan, had other issues, too
SINGAPORE (Reuters) – A young American CEO who apparently committed suicide in Singapore was involved in the world of the bitcoin, but was also struggling with other issues prior to her death, friends and colleagues said.
Morgan Stanley sells Zenith parent company stake
LONDON (Reuters) – Morgan Stanley has sold its majority stake in Accelerate Acquisitions, the parent company of British car provider Zenith, to UK private equity fund HgCapital for 3.8 times its original investment.
Shell wants Scotland to remain in UK for investment stability
LONDON (Reuters) – Royal Dutch Shell Plc has become the second oil heavyweight to urge Scotland to stay in the United Kingdom, a new setback for the campaign for Scottish independence.
China’s 7.5 percent GDP growth target is flexible: finance minister
BEIJING (Reuters) – It is all right for China to slightly miss the government’s 7.5 percent economic growth target this year as long as enough jobs are created, the finance minister said on Thursday, stressing that a healthy labor market is more import…
Caterpillar dealer push may drive some out, Levenick says
LAS VEGAS (Reuters) – Caterpillar Inc’s bid to lift the financial performance of its dealer network isn’t designed to thin the ranks of the 178 independent distributors that sell and service its earth-moving products around the globe, a company executi…
