Business

Futures Rebound After Selloff On Fed Decision; Data Due

U.S. stock index futures edged up on Thursday, rebounding after a 1-percent drop in key indexes a day earlier, following the Federal Reserve's decision to continue paring stimulus despite a selloff in emerging markets. * Market participants were looking ahead...

Households Seen Driving U.S. Fourth-Quarter Growth

Robust household spending and rising exports likely kept the U.S. economy on solid ground in the fourth quarter, but stagnant wages could chip away some of the momentum in early 2014. Gross domestic product probably grew at a 3.2 percent...

China’s Lenovo Steps Into Ring Against Samsung With Motorola Deal

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Lenovo Group, the Chinese technology company that earns about 80 percent of its revenue from personal computers, is betting it can also be a challenger to Samsung Electronics Co Ltd and Apple Inc in the smartphone market. On Wednesday, Lenovo...

Wireless Mergers To Invite Scrutiny, Says U.S. Antitrust Chief: NYT

It will be difficult for the U.S. justice department to approve a merger between any of the top four U.S. wireless phone companies, said William Baer, assistant attorney general for the antitrust division, the New York Times reported. Baer's comments...

Shell To Cut Spending, Sell Assets After Profit Warning

Anglo-Dutch oil company Royal Dutch Shell (RDSa.L) plans to sell assets, cut spending and freeze a controversial Arctic drilling program to improve returns after a major profit warning. Just a month into his new job as chief executive of the...

Exclusive: Google Close To Settling EU Antitrust Investigation – Sources

Google and EU regulators are close to settling a three-year antitrust investigation into the company's suspected anti-competitive behaviour after it offered improved concessions to allay competition concerns, two sources said on Thursday. A settlement under the European Commission's antitrust rules...

Chrysler Group Sees 11 Percent Rise In 2014 Revenue To $80 Billion

Chrysler Group LLC, which is owned by Fiat SpA (FIA.MI), on Wednesday said its revenue would rise 11 percent to about $80 billion in 2014. The American automaker that went through bankruptcy in 2009 and came out managed by Fiat,...

Deutsche Keeps Forex Fixings Under Review

Deutsche Bank, the world's biggest foreign exchange dealer, keeps its involvement in currency fixings processes under constant review, it said on Wednesday. Royal Bank of Scotland (RBS.L) told customers on Tuesday it would stop accepting client orders for a number...

Wal-Mart To Upgrade China Vendor Compliance After State TV Criticism

U.S. retailer Wal-Mart Stores Inc (WMT.N) said on Wednesday it will upgrade its vendor compliance process in China, requiring more documentation and making use of a computer-based system to help suppliers manage associated paperwork. The announcement came after state-owned China...

Ford To Recall Edge SUVs In China On Possible Fuel Leak

Ford Motor Co (F.N) will recall 13,493 imported Edge SUVs in China on a possible fuel system leak that could lead to a fire, China's quality watchdog said. The 2.0-litre SUVs, produced between September 2, 2010 and April 25, 2013,...
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Tinubu Doesn’t Live Large — NRS Boss Fires Back At Critics, Says President Walks To Work, Eats Once Daily, Debunks $279m Fraud Allegation

Adedeji insists Tinubu lives a frugal lifestyle, saying the President walks to his office daily, eats only one...
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