Analysis: Whither U.S. manufacturing? BEA data provides clues
CHICAGO (Reuters) – U.S. manufacturers are pumping money into domestic operations again, according to government figures. But their outlay on machines, plants and other long-term investments has not returned to pre-recession levels and has failed to tr…
Charter seeks to raise $25 billion to fund Time Warner Cable bid: report
(Reuters) – Charter Communications is arranging $25 billion in debt financing to help it fund a bid for Time Warner Cable , the Wall Street Journal reported on Wednesday, citing anonymous sources.
Rural India shows signs of economic revival but wider outlook glum
NEW DELHI/SHIRDHON, India (Reuters) – Pandurang Ghorpade has the weather to thank as he hands out celebratory sweets to neighbors eager for a ride on his prized new possession, a gleaming red tractor bought in anticipation of a bumper harvest.
Samsung’s marketing splurge doesn’t always bring bang-for-buck
SEOUL (Reuters) – Samsung Electronics Co is expected to spend around $14 billion – more than Iceland’s GDP – on advertising and marketing this year, but it doesn’t always get value for money.
Chinese bad loan manager Cinda sits on its own debt mountain
HONG KONG (Reuters) – China Cinda Asset Management’s drive to crank profit out of bad loans has come at a cost – a debt mountain of its own.
Energy supplier npower to cut 1,400 UK jobs: source
(Reuters) – Npower, the UK arm of Germany utility RWE , is expected on Thursday to announce it is moving 1,000 back-office jobs to India from Britain and axing another 400 in the UK, a source familiar with the matter said.
Spain’s Repsol says board backs preliminary YPF deal
MADRID (Reuters) – The board of Spain’s Repsol unanimously agreed on Wednesday to start formal talks with Argentina over a compensation offer for assets Buenos Aires seized last year that could end an 18-month standoff between the two countries.
UBS clamps down on online chat use: memo
(Reuters) – Swiss bank UBS AG is the latest multinational bank to curb the use of electronic chat rooms at its workplace, according to a memo seen by Reuters on Wednesday.
France’s Credit Agricole to close 50 branches by 2015: paper
PARIS (Reuters) – Credit Agricole , France’s third-biggest bank, plans to close about 50 branch offices in the Paris region by 2015, French daily Les Echos said.
Brazil’s OGX Maranhão changes name to Parnaíba Gás Natural
RIO DE JANEIRO (Reuters) – OGX Maranhão, the Brazilian on-shore natural gas producer, has changed its name to Parnaíba Gás Natural, said Eneva SA , one of three companies that owns a stake in the company, in an e-mailed statement on Wednesday.
