Asia stocks cautious, dollar strong as markets await U.S. jobs report
TOKYO/SYDNEY (Reuters) – Asian stocks were tentative and the dollar was in the driving seat on Friday, as investors waited with bated breath for a crucial U.S. jobs report that could cement the case for the Federal Reserve to begin scaling back its sti…
China Unicom, Telecom to sell latest iPhone shortly after U.S. launch
(Reuters) – Chinese telecom carriers China Unicom Hong Kong Ltd and China Telecom Corp Ltd will carry Apple Inc’s newest iPhone models within days of their launch in Beijing next week as the U.S. technology giant tries to regain lost ground in its seco…
Asha to Ashes: Microsoft’s emerging market conundrum
SINGAPORE/NEW DELHI (Reuters) – Microsoft Corp’s acquisition of Nokia’s handset business gives the software behemoth control of its main Windows smartphone partner, but leaves a question mark over the bigger business it has bought: Nokia’s cheap and ba…
Report warns of cost overruns on new U.S. aircraft carrier
WASHINGTON (Reuters) – The first Ford-class aircraft carrier being built by Huntington Ingalls Industries Inc may see further cost increases after it is commissioned, according to a congressional report that urged the U.S. Navy to delay a contract for …
Exclusive: Ford board open to earlier exit for CEO Mulally – sources
DETROIT (Reuters) – Ford Motor Co Chief Executive Alan Mulally, credited with driving a culture change that helped save the No. 2 U.S. automaker, may step down sooner than planned, according to people with knowledge of the matter.
U.S. retailers rely on deep discounts to win back-to-school shoppers
NEW YORK (Reuters) – Many U.S. retailers reported stronger-than-expected August sales on Thursday, but many of them had to resort to deep discounts to attract back-to-school shoppers.
BAE Systems to close Pennsylvania plant: BAE
WASHINGTON (Reuters) – Britain’s BAE Systems on Thursday said U.S. budget cuts were forcing it to close a small facility in Lemont Furnace, Pennsylvania, that has been upgrading and overhauling Bradley fighting vehicles and other ground vehicles for ne…
Analysis: Battle over Fed – Summers’ opponents seek to sway Obama
WASHINGTON (Reuters) – Progressive groups opposing Lawrence Summers as the next Federal Reserve chairman are stepping up pressure on President Barack Obama to make a different choice, emphasizing the price his Democratic Party would pay for nominating …
U.S. moves to expand business R&D tax break
WASHINGTON (Reuters) – Think you have a new way of making wine? There could be research tax breaks for that.
Shell to negotiate with Nigerians over oil spill compensation
LONDON (Reuters) – Compensation talks will begin in Nigeria on Monday between lawyers for Royal Dutch Shell and for 15,000 Nigerian villagers who say their livelihoods were destroyed by oil spills from pipelines operated by the company.
