Nvidia CEO talks up mobile chips with brawny PC graphics
LAS VEGAS (Reuters) – Chipmaker Nvidia Corp gave new details of an upcoming chip with beefed-up graphics for mobile gadgets and cars as it faces a slowing personal computer industry and harsh competition in smartphones and tablets.
Office vacancy rates in U.S. unchanged amid sluggish job growth
(Reuters) – Office vacancy rates in the United States remained unchanged for the fourth quarter of 2013 because lackluster job growth and concerns about the economy muted demand for office space, a preliminary report by real estate research firm Reis I…
JPMorgan nears $2 billion settlement in a case tied to Madoff: NYT
(Reuters) – JPMorgan Chase & Co is nearing a $2 billion settlement with federal authorities to resolve suspicions that the bank ignored signs of Bernard Madoff’s Ponzi scheme, the New York Times reported, citing people briefed on the case.
Asian shares languish at 2-week low, dollar near four-week high
TOKYO (Reuters) – Asian shares dipped on Monday, while the dollar hovered near a four-week high, maintaining gains even after Federal Reserve Chairman Ben Bernanke said the U.S. central bank is committed to an accommodative policy.
Lottery companies cash in as China raises bet on punters
HONG KONG (Reuters) – Every day during his lunch break, Chinese businessman Shen Bin buys three lottery tickets for about 33 cents apiece and then watches to see if his chosen numbers flash across television screens suspended from the ceiling.
Rising home prices send China’s ‘Rat Race’ scurrying underground
BEIJING (Reuters) – Zig-zagging left and right through a maze of dark, narrow corridors in a high-rise’s basement, 35-year-old kitchen worker Hu has joined the many thousands of Chinese fleeing fast-rising property prices by heading down – down undergr…
Wall St. Week Ahead: Investors to watch Fed minutes, jobs
NEW YORK (Reuters) – Investors in U.S. stocks will look to Washington this week, awaiting key jobs data and minutes from the Federal Reserve’s most recent meeting, when the central bank decided to cut its unprecedented monetary stimulus.
Likely U.S. listing to further sideline Italy in Fiat-Chrysler group
MILAN/DETROIT (Reuters) – Chief Executive Sergio Marchionne’s merger of carmakers Fiat and Chrysler will probably entail a U.S. share listing that cements North America as the group’s new centre of gravity and further sidelines Italy.
Fiat shares could double in two years: Barron’s
(Reuters) – Italian automaker Fiat SpA’s shares could double in the next two years as it integrates its Detroit-based Chrysler unit and benefits from synergies in design, engineering, and supply chains, financial weekly Barron’s reported in its January…
Norwegian Air CEO to meet Boeing over Dreamliner problems
OSLO (Reuters) – The Chief Executive of budget airline Norwegian Air Shuttle , Bjoern Kjos, plans to meet Boeing management in the United States next week to discuss problems with its Dreamliner planes, Norwegian media reported on Sunday.
