China’s solar industry rebounds, but will boom-bust cycle repeat?
HONG KONG (Reuters) – China’s solar panel industry is showing signs of booming again after a prolonged downturn – raising fears of another bust when the splurge of public money that is driving a spike in demand dries up.
Lenovo to buy IBM’s low-end server unit for $2.3 billion
(Reuters) – Chinese PC maker Lenovo Group Ltd has agreed to buy International Business Machine Corp’s low-end server business for $2.3 billion in what would be China’s biggest technology deal.
Lenovo to buy IBM’s low-end server unit for $2.3 billion
(Reuters) – Chinese PC maker Lenovo Group Ltd has agreed to buy International Business Machine Corp’s low-end server business for $2.3 billion in what would be China’s biggest technology deal.
Homes sales snap losing streak, jobless claims rise
WASHINGTON (Reuters) – U.S. home resales rose in December after three straight months of declines, showing some resilience in the housing market recovery despite higher mortgage rates.
Exclusive: Pentagon report faults F-35 on software, reliability
WASHINGTON (Reuters) – A new U.S. Defense Department report warns that ongoing software, maintenance and reliability problems with Lockheed Martin Corp’s F-35 stealth fighter could delay the Marine Corps’ plans to start using its F-35 jets by mid-2015….
Neiman Marcus says about 1.1 million cards affected by breach
NEW YORK (Reuters) – Neiman Marcus said about 1.1 million customer payment cards may have been exposed during a data breach at the privately owned luxury department store chain from July 16 to October 30 last year.
Dubai confirms final deal on $10 billion debt restructuring
DUBAI (Reuters) – Financial services conglomerate Dubai Group has reached a final deal with creditors on restructuring $10 billion of debt, resolving the last major hangover from the emirate’s financial crisis, its parent company confirmed on Thursday….
McDonald’s gets fewer visits in quarter, expects weak January
(Reuters) – McDonald’s Corp reported weaker-than-expected quarterly sales at established restaurants on Thursday as fewer diners frequented the fast-food chain, and warned that sales would again fall short of analysts’ expectations in January.
IMF warns more work is needed to tackle big bank risk
WASHINGTON (Reuters) – Big banks still pose a threat to the world financial system because there is a general assumption that governments will come to their rescue in case of trouble, an International Monetary Fund executive said on Thursday.
DHL, FedEx suspend shipments to Russian customers
MOSCOW (Reuters) – Express delivery companies DHL and FedEx said on Thursday they had suspended foreign shipments to individual customers in Russia because of stricter customs procedures, making it harder for internet users to buy goods from abroad.
