Investors bullish ahead of Apple iPhone launch
SAN FRANCISCO/CHICAGO (Reuters) – Investors are hoping that Apple Inc will unleash some of its old magic when it takes the wraps off its latest iPhone on Tuesday, with many building bullish share and options positions.
Wall Street jumps, Nasdaq ends at highest since September 2000
NEW YORK (Reuters) – U.S. stocks closed sharply higher on Monday, with the Nasdaq ending at its highest level since September 2000, as upbeat data from China boosted optimism about the health of the global economy.
NSA spying on Petrobras, if proven, is industrial espionage: Rousseff
BRASILIA (Reuters) – Reports that the United States spied on Brazilian oil company Petrobras, if proven, would be tantamount to industrial espionage and have no security justification, Brazil’s President Dilma Rousseff said on Monday.
Bodum sues J.C.Penney for poor shop-in-shop rollout
(Reuters) – Upscale coffee-press maker Bodum Group has sued J.C. Penney Inc Co for breach of contract, saying the retailer did not deliver on its promise to build and roll out modern, chic shops within its stores to showcase Bodum’s wares.
Rain dims hopes for Bombardier CSeries’ first flight this week
TORONTO (Reuters) – Rainy, cloudy weather is forecast for Bombardier Inc’s flight test site in Quebec for much of this week, adding to suspense over the unspecified date for the maiden flight of the Canadian company’s all-new CSeries jetliner.
Barclays to pay $36.1 million in Massachusetts subprime settlement
(Reuters) – Barclays Plc agreed on Monday to pay $36.1 million to settle charges by Massachusetts that it hurt homeowners there by packaging subprime mortgages that the borrowers could not afford, and which violated state law, into securities.
Icahn ends battle for control of Dell; vote due on Thursday
(Reuters) – Carl Icahn on Monday ended his months-long effort to block Michael Dell’s $25 billion offer to take Dell Inc private, smoothing the way for the largest buyout since the financial crisis.
Insight: Why Indian exports need more than a cheap rupee
NEW DELHI (Reuters) – The upside of the Indian rupee’s slump is an export boom that sets the economy straight, right? Wrong.
Pawnshops hit paydirt as Southeast Asians sweat before pay day
SINGAPORE/BANGKOK (Reuters) – Faced with rising living costs and unable to wait until pay day, growing numbers of Southeast Asians are putting their gold jewelry and designer watches in hock, creating a boom in pawnshops across Singapore, Malaysia, Tha…
Swiss lawmakers renew efforts to split UBS, Credit Suisse
ZURICH (Reuters) – Parliamentarians from Switzerland’s right-wing Swiss People’s Party (SVP) are mounting a new effort to split up UBS and Credit Suisse by teaming with left-wing lawmakers.
