Fiat moving tax base to UK to woo U.S. investors: chairman tells paper
MILAN (Reuters) – Fiat wants to establish the tax domicile of the new Fiat Chrysler Automobiles group in the United Kingdom to help woo American investors, the Italian car maker’s chairman told Italian daily La Stampa in an interview published on Thurs…
Lenovo to buy Google’s Motorola in China’s largest tech deal
NEW YORK/SAN FRANCISCO (Reuters) – Lenovo Group said on Wednesday it agreed to buy Google Inc’s Motorola handset division for $2.91 billion, in what is China’s largest-ever tech deal as Lenovo buys its way into a heavily competitive U.S. handset market…
Oracle’s Ellison downplays threat of NSA database snooping
SAN FRANCISCO (Reuters) – Oracle Corp CEO Larry Ellison played down concerns on Wednesday about possible government snooping in his business customers’ private data.
Charges dropped against Chinese automaker BYD in U.S. wage dispute
SHANGHAI (Reuters) – China’s BYD Co Ltd said a California labor law watchdog had dropped charges against it over wage payments in a case that had put the Warren Buffet-backed automaker’s labor practices under the spotlight.
Mobile ad revenue lifts Facebook past Wall Street targets
SAN FRANCISCO (Reuters) – Facebook Inc delivered its strongest revenue growth in two years, beating Wall Street targets as the Internet company’s mobile ad sales continued to accelerate.
Pimco appoints four more deputy CIOs after El-Erian quits
NEW YORK (Reuters) – Pimco on Wednesday promoted another four of its top investment managers into more strategic roles, expanding the pool of potential successors to the fund management firm’s co-founder and star bond picker Bill Gross following the su…
In Bernanke’s final act, Fed cuts stimulus despite market turmoil
WASHINGTON (Reuters) – The Federal Reserve on Wednesday decided to trim its bond purchases by another $10 billion as it stuck to a plan to wind down its extraordinary economic stimulus despite recent turmoil in emerging markets.
Mobile ad revenue lifts Facebook past Wall Street targets
SAN FRANCISCO (Reuters) – Facebook Inc’s fourth-quarter revenue jumped 63 percent, beating Wall Street targets, as the Internet company’s mobile ad sales continued to accelerate.
In Bernanke’s final act, Fed cuts stimulus despite market turmoil
WASHINGTON (Reuters) – The Federal Reserve on Wednesday decided to trim its bond purchases by another $10 billion as it stuck to a plan to wind down its extraordinary economic stimulus despite recent turmoil in emerging markets.
Deutsche Bank faces up to long battle to restore reputation
FRANKFURT (Reuters) – The reputational risks surrounding Deutsche Bank have grown and it still has some way to go to win back public trust and prove it can overhaul its corporate culture, the bank’s two chief executives said on Wednesday.
