China adds 7.25 million jobs in first half, job market stable: Xinhua
BEIJING (Reuters) – China added 7.25 million jobs in the first half of this year, slightly higher than the number created in the same period a year earlier, and the job market remains stable, the official Xinhua news agency said on Tuesday.
U.S. regulator targets Apollo, Aviva insurance deal: WSJ
(Reuters) – The New York financial regulator is examining whether to overturn insurer Athene Holding Ltd’s bid for the U.S. annuity business of Britain’s Aviva PLC, part of its recent crackdown on private equity insurance deals, the Wall Street Journal…
BMW sees western Europe staying tough well into next year: paper
FRANKFURT (Reuters) – Germany’s BMW does not expect the western European car market to pick up before the middle of next year, Chief Executive Norbert Reithofer told a German newspaper.
Battery in Honeywell locator eyed in 787 fire: source
WASHINGTON (Reuters) – Investigators are looking into whether a fire on a Boeing Dreamliner in London last week was caused by the battery of an emergency locator transmitter built by Honeywell International Inc , according to a source familiar with the…
Baidu to buy Chinese app store for $1.9 billion
(Reuters) – Baidu Inc, China’s top search engine, plans to acquire app store 91 Wireless for $1.9 billion to strengthen its foothold in the country’s highly competitive mobile computing sector.
Fed message gets through to markets, sort of
WASHINGTON (Reuters) – Federal Reserve officials were clearly taken aback by the selloff that was unleashed in global financial markets when the central bank’s chairman, Ben Bernanke, warned that the Fed’s bond buying would likely be scaled back this y…
POSCO may quit steel mill project in India’s Karnataka: source
SEOUL (Reuters) – South Korea’s POSCO is considering pulling out of a $5.3 billion steel mill project in India’s Karnataka state because of opposition from residents and political instability, a source told Reuters on Tuesday.
S&P 500 gains for an eighth day, boosted by Citigroup
NEW YORK (Reuters) – Citigroup’s strong earnings helped the S&P 500 end higher on Monday for an eighth straight day, the longest such streak since mid-January, though weak retail sales limited gains in a session with the lowest volume of the year.
Baidu plans to buy stake in NetDragon unit for $1 billion
HONG KONG (Reuters) – Chinese search engine giant Baidu Inc plans to buy a majority stake in NetDragon Websoft Inc’s subsidiary 91 Wireless for $1.09 billion, NetDragon said on Tuesday.
Former Merrill Lynch president Herbert Allison Jr dies: Bloomberg
NEW YORK (Reuters) – Herbert Allison Jr, a former Merrill Lynch & Co president who also oversaw the U.S. government’s $700 billion bank-bailout program, died on Sunday at the age of 69, Bloomberg News reported on Monday.
