China urges local governments to speed up spending to support the economy
BEIJING (Reuters) – China urged local governments on Thursday to speed up spending this year’s budget to support economic growth but said it would keep overall policy stable and focus on pushing through reforms.
Boeing says beacons can be removed from 787s in an hour
WASHINGTON (Reuters) – Emergency beacons made by Honeywell International Inc can be simply removed from the Boeing 787 in about an hour, Boeing Co said Thursday, after UK authorities investigating a 787 fire in London, recommended de-activating the dev…
Airlines keep 787 flying as probe seeks cause of fire
(Reuters) – Airlines are keeping Boeing’s 787 Dreamliner flying, and are sticking with their orders for the new jet as safety investigators look for what sparked a fire in one of the planes while it was parked at London’s Heathrow Airport.
UnitedHealth second-quarter profit rises, beats expectations
(Reuters) – UnitedHealth Group Inc on Thursday reported a bigger-than-expected rise in second-quarter net income as it enrolled more people in private and government-paid health insurance plans and sold more health technology systems.
China halts travel agency’s business over GSK case: report
BEIJING (Reuters) – Authorities in Shanghai have suspended the business of a travel agency in connection with allegations of bribery against British drugmaker GlaxoSmithKline , the official Xinhua news agency said on Thursday.
Asian economies struggling to reignite growth while exports sag
BANGALORE (Reuters) – Emerging Asia will show little increase in economic growth rates this year due to weak exports, with China giving more priority to making needed reforms, and India tightening policies to defend its beleaguered rupee, Reuters polls…
Nokia’s halting turnaround hit by weak handset sales
HELSINKI (Reuters) – A disappointing set of quarterly sales figures for Nokia’s smartphones and basic models raised the pressure on its chief executive on Thursday and took a bite out of the company’s share price.
Johnson Controls profit up, to sell part of electronics business
DETROIT (Reuters) – Johnson Controls Inc posted a stronger-than-expected quarterly profit on Thursday and said it would sell part of its auto electronics business for about $700 million.
BlackRock profit up 32 percent on strong investor demand
(Reuters) – BlackRock Inc , the world’s largest money manager, said on Thursday that its second-quarter profit rose 32 percent, citing strong global demand from its retail and institutional clients and growth in markets.
Fiat’s Italian suppliers grab Chrysler lifeline
TURIN (Reuters) – In 2010 Italian carmaker Fiat made Dario Rinero a tempting offer: would the creator of exclusive handcrafted leather sofas make seats for the new Chrysler 300 sedan in the United States?
