BlackBerry is ‘here to stay’, interim CEO tells customers
TORONTO (Reuters) – BlackBerry Ltd is “very much alive, thank you,” Interim Chief Executive John Chen affirmed in an open letter on Monday in which the smartphone maker committed itself to rebuilding as a niche player concentrating on the enterprise ma…
Cognizant to hire 10,000 in US in next 3 years
(Reuters) – Cognizant Technology Solutions Corp will hire at least 10,000 people in the United States over the next three years, the IT services firm’s president, Gordon Coburn, said.
Factory activity gauge rises to two and a half year high
WASHINGTON (Reuters) – A gauge of U.S. factory activity hit a 2-1/2-year high in November and construction spending increased solidly in October, brightening the economic outlook as the year winds down.
EADS founders to face trial in insider case
PARIS (Reuters) – Two founding industrial shareholders of Airbus parent EADS will join a group of current and former managers on trial in a long-running insider trading case, prosecutors said on Monday, but EADS called for charges to be dismissed.
Cameron raises GSK’s problems as CEO joins him on China visit
BEIJING/LONDON (Reuters) – British Prime Minister David Cameron raised GlaxoSmithKline’s problems in China – where it is being investigated for alleged bribery – with political leaders on Monday as the drugmaker emphasized its commitment to doing busin…
Audi adds baby sport utility model to SUV offerings
BERLIN (Reuters) – Audi will add a baby sport utility vehicle (SUV) to its offerings in the fast-growing market as the Volkswagen-owned division fights German rivals BMW and Mercedes-Benz for the top spot in luxury sales.
Bank of America to pay Freddie Mac $404 million in mortgage settlement
(Reuters) – Bank of America Corp will pay $404 million to Freddie Mac to resolve all repurchase liabilities on home loans sold to the government-controlled mortgage company from 2000 to 2009, the bank said on Monday.
Insight: After massive economic stimulus, BOJ under pressure to do more
TOKYO (Reuters) – A year into “Abenomics,” it was not supposed to be like this for the Bank of Japan.
Global shares, euro rattled but sterling drives higher
LONDON (Reuters) – Evidence that Britain’s economy is accelerating away from its European neighbors drove sterling to a five-year high on Monday, as signs of backsliding in France and Spain spooked euro zone stocks.
Bali talks to decide fate of WTO
GENEVA/JAKARTA (Reuters) – Crisis is the natural state of world trade negotiations. But this week will be different.
