Verizon revenue climbs on sturdy mobile growth
NEW YORK (Reuters) – Verizon Communications Inc reported faster subscriber growth and stronger profits than expected at its Verizon Wireless venture with Vodafone Group Plc, easing some concerns about intensifying competition if only temporarily.
Insight: Deep Shell problems weigh on new boss van Beurden
LONDON (Reuters) – Royal Dutch Shell’s chief executive Ben van Beurden has, on the face of it, played the classic “new boss” card – using a barely justified profit warning to brighten his own future by making the past look bad.
Rising CEO confidence in economy, but plenty of worries in Davos
DAVOS, Switzerland (Reuters) – Business leaders gathering for their annual high-profile networking forum in Davos are feeling a bit better about their companies’ prospects and a lot more so about the broader economic outlook.
Fiat completes buyout of U.S. carmaker Chrysler
MILAN (Reuters) – Fiat has completed its buyout of Chrysler, making the U.S. business a wholly-owned subsidiary of the Italian carmaker as it gears up to use their combined resources to turn around its loss-making operations in Europe.
China pollution wafting across Pacific to blanket U.S. : study
BEIJING (Reuters) – Pollution from China travels in large quantities across the Pacific Ocean to the United States, a new study has found, making environmental and health problems unexpected side effects of U.S. demand for cheap China-manufactured good…
Analysis: Radical Metro revamp unlikely despite Russia IPO plan
BERLIN/DUESSELDORF (Reuters) – A break-up of sprawling German retail group Metro AG looks unlikely despite speculation that the planned sale of a stake in its Russian cash-and-carry unit is the start of more radical restructuring.
IMF sees higher global growth, warns of deflation risks
WASHINGTON (Reuters) – The International Monetary Fund raised its global growth forecast for the first time in nearly two years on Tuesday, saying fading economic headwinds should permit advanced nations to pick up the mantle of growth from emerging ma…
Renault’s budget cars power global sales gain
PARIS (Reuters) – Renault said its vehicle sales rose 3.1 percent in 2013 and pledged further growth this year after its low-cost cars helped the company defy a European slump and gain ground in Russia and emerging markets.
U.S. top court declines to hear $345 million SAP AG patent appeal
WASHINGTON (Reuters) – The U.S. Supreme Court on Tuesday declined to hear an appeal by SAP AG , meaning a jury verdict ordering the German business software maker to pay $345 million to peer Versata Software Inc for patent infringement remains intact.
UniCredit sells risk on $1.2 billion of loans to U.S. fund
MILAN (Reuters) – UniCredit has sold some of the risk on a 910 million euro ($1.2 billion) portfolio of Italian project finance loans, freeing up capital for new lending and benefiting from growing appetite for such deals from specialist investors.
