Toyota upbeat on U.S. recovery, forecasts record profit
TOKYO (Reuters) – Toyota Motor Corp expects the U.S. auto market to continue a mild recovery in 2014 despite poorer than expected sales last month, an executive said, although concerns linger that it will face intensified competition and eroding profit…
UBS beats forecasts on tax gain, fewer risks
ZURICH (Reuters) – Switzerland’s UBS swung to a larger-than-expected fourth-quarter profit on Tuesday and announced higher dividends and bonuses, some reward for bucking trends to shrink its investment bank and reduce riskier activities.
European banks have $3 trillion of exposure to emerging markets
LONDON (Reuters) – European banks have loaned in excess of $3 trillion to emerging markets, more than four times U.S. lenders and putting them at greater risk if financial market turmoil in countries such as Turkey, Brazil, India and South Africa inten…
Google executive chairman expects U.S. approval of Lenovo-Motorola deal
WASHINGTON (Reuters) – Google Inc Executive Chairman Eric Schmidt expressed confidence on Monday that Lenovo Inc would gain approval from U.S. regulators to buy Google’s Motorola smart-phone hardware business in what would be China’s biggest technology…
New Microsoft CEO faces challenges in mobile, investor relations
SEATTLE (Reuters) – As Microsoft Corp prepares to unveil insider Satya Nadella as its new chief executive, investors and analysts are weighing how effective the 22-year veteran will be in re-igniting the company’s mobile ambitions and satisfying Wall S…
FCC chief tells Sprint chair he is skeptical on T-Mobile deal
(Reuters) – Federal Communications Commission Chairman Tom Wheeler expressed his skepticism about a potential merger between Sprint Corp and T-Mobile US Inc in a meeting with Sprint Chairman Masayoshi Son on Monday, according to an FCC official briefed…
Bernanke starts new job at Brookings after weekend off
NEW YORK (Reuters) – Former Federal Reserve Chairman Ben Bernanke began his new job at the Brookings Institution on Monday, wasting no time getting back to work just three days after ending his tenure as head of the world’s most powerful central bank.
Asian shares, dollar slump on downbeat U.S. data
TOKYO (Reuters) – Investors braced for a rocky session in Asia on Tuesday, with equities and the dollar under pressure after disappointing U.S. manufacturing data cast a pall over Wall Street.
Lockheed launches civil version of C-130J military transport plane
WASHINGTON (Reuters) – Lockheed Martin Corp on Monday launched the civil variant of its C-130J Super Hercules military transport plane, the LM-100J, saying it expected to sell about 75 of the planes to mining and energy companies, and other commercial …
U.S. asks jurors to convict former SAC fund manager Martoma
NEW YORK (Reuters) – Mathew Martoma sought out a “canary in the coal mine” to give him inside information on drug companies, a federal prosecutor said on Monday, urging jurors to convict the former SAC Capital Advisors portfolio manager of insider trad…
