AOL CEO sorry for ‘distressed babies’ remark; reverses retirement plan
(Reuters) – AOL Chief Executive Tim Armstrong reversed his decision to cut employee retirement benefits and apologized for remarks linking two women at the company with “distressed babies” to its rising health care costs that set off a fire storm of cr…
Chastened HTC turns to cheaper smartphones in search for profit
TAIPEI/NEW YORK (Reuters) – Smarting from growing losses, Taiwanese phone maker HTC Corp says it will expand its range of cheaper products as it fixes off-target marketing for its premium smartphones.
Analysis: War-scarred Ivory Coast reopens for business
ABIDJAN (Reuters) – Ivory Coast is re-emerging as the prime investment destination in French-speaking West Africa after a decade of political turmoil but President Alassane Ouattara must weed out corruption and promote reconciliation to keep cash flowi…
BMW sales up in January on China boost: report
BERLIN (Reuters) – German luxury car maker BMW is set to sell more vehicles in January compared to last year thanks to rising demand in China, where group deliveries surged more than 20 percent , Frankfurter Allgemeine Sonntagszeitung reported.
As Yellen makes Fed debut, expect theater, not fireworks
(Reuters) – Janet Yellen’s first test as chair of the Federal Reserve comes on Tuesday when she faces U.S. lawmakers, some hostile to the central bank, who will want to know how committed she is to winding down the Fed’s support for the economy.
Europe faces electoral and policy crossroads
(Reuters) – The threat to its survival may have passed but the euro zone faces electoral and economic crosswinds this year which could push it to break policy taboos while challenging its ability to do so.
Starry-eyed budget carriers in Southeast Asia stare at overcapacity
SINGAPORE (Reuters) – Low-cost carriers are flying high in Southeast Asia on the back of sharp growth in air travel, but as hundreds of new jets swarm into the region concerns are rising about its ability to absorb the record numbers of planes on order…
IATA chief says weak cargo remains biggest airline worry
SINGAPORE (Reuters) – Weakness in air cargo markets remains the biggest worry for airlines despite some evidence of recovery in 2013, the head of the International Air Transport Association said on Sunday.
Barclays launches investigation after customer data leak
LONDON (Reuters) – Barclays said it had launched an investigation after a newspaper reported that the personal details of 27,000 customers had been stolen and sold, raising the prospect of new fines for the bank.
Myanma Air to lease up to a dozen Boeing jets: sources
SINGAPORE (Reuters) – Myanma Airways is set to order up to a dozen Boeing 737 jets on lease in what appears to be the largest single fleet expansion in Myanmar as the country opens up to business and tourism, aviation industry sources said.
