Analysis: Bombardier gambles on big order payoff with new jet
TORONTO (Reuters) – Canada’s Bombardier Inc is hoping to carve a new niche in the cutthroat airplane market with a fuel-efficient, medium-haul jet that makes its first flight this month, but its all-new CSeries needs an avalanche of orders to stave off…
Sales, jobs data show underlying economic strength
WASHINGTON (Reuters) – Retail sales rose more than expected in May and first-time applications for unemployment benefits fell last week, signs of economic resilience in the face of belt-tightening in Washington.
RBS faces struggle to find CEO amid political meddling
LONDON (Reuters) – Royal Bank of Scotland will struggle to recruit a suitable replacement for ousted chief executive Stephen Hester, someone who must steer it through privatization and accept that political interference comes with the job.
Analysis: This time, bond investors think a Fed pullback is real
That’s the judgment of U.S. government bond investors who believe the Federal Reserve is close to paring back its $2.5 trillion, 4-1/2-year bond purchase program, and it’s causing turmoil in the U.S. Treasury market.
Microsoft to open Windows stores within Best Buy
SEATTLE (Reuters) – Microsoft Corp said it would open 500 special stores within existing Best Buy Co Inc stores in the United States selling exclusively Windows-based tablets and computers and other Microsoft products in an effort to revitalize sales o…
The car is the next major tech platform: GM’s CEO
Boston (Reuters) – The car is the next great proving ground for communications technology, General Motors Co Chief Executive Dan Akerson said on Thursday.
Austrian central banker charged in bribe case
VIENNA (Reuters) – Vienna prosecutors charged nine people on Thursday, including the deputy governor of the Austrian National Bank, over suspected bribes in banknote contracts with Azerbaijan and Syria.
Marathon Oil taps Exxon Mobil executive as next CEO
(Reuters) – Marathon Oil Corp has tapped an Exxon Mobil Corp executive to become its next CEO when Clarence Cazalot retires at the end of the year.
JPMorgan makes another change in chief risk office
NEW YORK (Reuters) – John Hogan, who became chief risk officer of JPMorgan Chase & Co as the company was just beginning to lose billions of dollars on its London Whale derivatives trades last year, may leave the company, CEO Jamie Dimon said on Thursday.
VW car recalls show hazards of rapid growth: analysts
BERLIN (Reuters) – The growing number of overseas recalls afflicting Germany’s Volkswagen shows the perils of rushing for volume as Europe’s largest automaker is vying for the world’s top spot.
