Shell cuts stake in Brazil oil project with $1 billion sale to Qatar
LONDON (Reuters) – Oil firm Royal Dutch Shell is selling a stake in a Brazilian oil project to Qatar Petroleum International (QPI) for $1 billion, in line with this year’s plan to ramp up disposals.
Japan 787 battery investigators look to latest overheating for clues to earlier meltdown
TOKYO (Reuters) – Japanese investigators probing a lithium-ion battery meltdown on a Boeing Co 787 jetliner a year ago are looking at a battery that overheated on a Dreamliner in Tokyo this month to help unlock the cause of the earlier fire, an officia…
Buffett-backed Chinese automaker BYD settles U.S. wage dispute
SHANGHAI (Reuters) – China’s BYD Co Ltd said it has agreed to pay a fine to settle a California case over wage payments – a case that had put the Warren Buffet-backed automaker’s labor practices under the spotlight.
Nasdaq’s plan for cutting prices infuriates rivals
NEW YORK (Reuters) – Nasdaq OMX Group is pushing to cut the fees it charges big customers that trade on several of its exchanges, a move that is arousing the attention of regulators and triggering accusations from rivals that the company is seeking to …
Indonesians still world’s most bullish consumers, Americans less upbeat: survey
LONDON (Reuters) – Indonesians remained the world’s most bullish consumers in the final quarter of 2013 while Americans were slightly less willing to spend than in the previous quarter, a global survey showed.
Qualcomm faces prospect of record antitrust fines in China
BEIJING (Reuters) – Qualcomm Inc, the world’s biggest cellphone chip maker, may be hit with a record fine exceeding $1 billion in a Chinese antitrust probe, raising the specter of harsh penalties for foreign firms facing an increasingly aggressive regu…
Yahoo’s fourth-quarter revenue slides as ad prices dip again
SAN FRANCISCO (Reuters) – Yahoo Inc’s online ad prices slid again in the fourth quarter and Alibaba, the Chinese e-commerce giant in which it owns a big stake, saw revenue growth decelerate from its recent rip-roaring pace.
Wall Street rebounds; futures fly on Turkey’s rate hike
NEW YORK (Reuters) – U.S. stocks bounced back on Tuesday after Pfizer’s upbeat results gave investors some relief from the pain of the Dow’s five-day losing streak, and the market’s focus turned to the Federal Reserve’s next move on stimulus.
Yahoo’s fourth-quarter revenue slides as ad prices dip again
SAN FRANCISCO (Reuters) – Yahoo Inc’s online ad prices slid again in the fourth quarter and Alibaba, the Chinese e-commerce giant in which it owns a big stake, saw revenue growth decelerate from its recent rip-roaring pace.
AT&T subscriber growth misses estimates, shares fall
NEW YORK (Reuters) – AT&T Inc, the No. 2 U.S. mobile provider, had slower wireless subscriber growth in the latest quarter than Wall Street had estimated, sending its shares down 1.6 percent in late trade.
