U.S. shale is a boon to manufacturers but not their workers
YOUNGSTOWN, Ohio (Reuters) – This city has been down for so long, it’s hard to believe what’s risen up here in the heart of America’s “Rust Belt.”
Investors favor non-agency mortgages, bank loans amid rate rise
CHICAGO (Reuters) – Money managers touted the advantages of non-agency mortgage securities and bank loans on Thursday on expectations that housing prices will accelerate and interest rates will rise.
Britain’s treasure islands make G8 tax test for Cameron
LONDON (Reuters) – Pitching tougher rules on tax evasion to the G8 is a precarious undertaking for Prime Minister David Cameron. Britain’s own tax havens are world leaders.
Nestle names cell scientist Catsicas as technology chief
ZURICH (Reuters) – Nestle said it will appoint Swiss scientist Stefan Catsicas as its new technology chief, as the world’s biggest food group expands in health and nutrition.
Boeing set to confirm plans for larger 787 Dreamliner: sources
(Reuters) – Boeing Co is poised to launch a larger member of its 787 Dreamliner jetliner family to meet demand for long-haul travel within Asia and other long-haul routes, sources told Reuters on Thursday.
New York reaches deal with Seneca Nation on casino revenue
(Reuters) – New York State and the Seneca Nation have reached a deal that would pump $140 million of Indian casino revenue into three struggling Western New York cities, the state said on Thursday.
Exxon CEO says delays in gas export permits hurt U.S.
WASHINGTON (Reuters) – Delays in approval of more natural gas export projects are costing U.S. companies millions of dollars a day and giving a leg up to rival countries also looking to boost exports, the chief of Exxon Mobil Corp said on Thursday.
Wall St. rallies on economic data, technical factors
NEW YORK (Reuters) – Stocks rallied on Thursday after three days of losses as stronger-than-expected economic data helped reassure investors concerned about the expected winding down of the Federal Reserve’s economic stimulus.
News Corp CFO retires, Nallen named CFO of 21st Century Fox
(Reuters) – News Corp said its Chief Financial Officer David DeVoe would retire following the company’s separation into two business at the end of June.
Morgans Hotel board gains upper hand ahead of proxy vote
(Reuters) – A proxy battle for control of Morgans Hotel Group Co’s board will be decided on Friday but the momentum seems to have swung in favor of the incumbent board after it said it would explore a sale of the company if re-elected.
