In China, the Devil doesn’t wear Prada
HONG KONG (Reuters) – The Devil, it seems, wears anything but Prada in the eyes of Chinese bloggers determined to expose corrupt government officials flashing luxury labels way past their pay grades.
Empire State Building roadshow seen starting this week: source
(Reuters) – The family that controls the Empire State Building plans to kick off a formal roadshow to sell the iconic tower as early as this week by offering shares in a real estate investment trust (REIT), a person familiar with the matter told Reuter…
Boeing’s stretched 787-9 Dreamliner makes first flight
SEATTLE (Reuters) – A longer version of Boeing Co’s Dreamliner successfully completed its first flight on Tuesday, passing a key milestone for a plane expected to be more profitable for Boeing to sell and its customers to operate than the current produ…
Tesla enters race to build self-driving car
(Reuters) – Electric car company Tesla Motors is working to produce a car capable of running on “auto-pilot” within the next three years, CEO Elon Musk said, joining tech giant Google and rival carmakers in the race to roll a driverless car into the ma…
Exclusive: China’s Shuanghui closes in on Smithfield deal approval
(Reuters) – China’s Shuanghui International is close to securing shareholder approval for its $4.7 billion offer for Smithfield Foods Inc , which would be the biggest purchase of a U.S. company by a Chinese firm, ahead of the vote next week, three peop…
Ex-Wells, Morgan Stanley broker pleads guilty in check fraud scheme
(Reuters) – A former broker for Wells Fargo & Co and Morgan Stanley has pleaded guilty to wire fraud over what federal prosecutors called a $1.8 million check fraud scheme that cheated a widowed client in her 80s.
Boeing’s stretch 787-9 Dreamliner lands completing first flight
SEATTLE (Reuters) – Boeing Co’s 787-9 Dreamliner, a stretched version of its high-tech composite plane, successfully completed its first flight on Tuesday.
Ecotality, an electric car charger maker, files for bankruptcy
(Reuters) – Ecotality Inc , a maker of charging stations for electric cars that won a $99.8 million grant from the U.S. Department of Energy four years ago, has filed for bankruptcy protection and said it plans to auction its assets next month.
With the end of Fed’s QE in sight, U.S. public says ‘Huh?’
SAN FRANCISCO (Reuters) – The Federal Reserve this week is expected to start winding down an epic economic stimulus that is credited with helping the United States claw back from the deepest slump since the Great Depression.
Fed likely to reduce bond buying, pass policy milestone
WASHINGTON (Reuters) – The U.S. Federal Reserve is expected to begin its long retreat from ultra-easy monetary policy on Wednesday by announcing a small reduction in its bond buying, while stressing that interest rates will remain near zero for a long …
