Today's Reuters Business News Headlines - Yahoo! News:
|
|
HP's outlook disappoints, shares hit nine-year low
Wed,3 Oct 2012 11:26 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Hewlett-Packard Co's shares plunged to a nine-year low on Wednesday after Chief Executive Meg Whitman warned of an unexpectedly steep earnings slide in 2013, with revenue set to fall in every business division except software. Wall Street had hoped for quicker signs of progress on Whitman's turnaround plan, which centers on transforming the former industry powerhouse into an enterprise computing corporation that can take on IBM and Dell Inc. ...
Full Story | Top |
Cameroon orders two Boeing Dreamliners for $429 mln
Wed,3 Oct 2012 10:50 PM PDT
Reuters -  YAOUNDE (Reuters) - Cameroon's government has agreed to buy two Boeing 787 Dreamliners for 218 billion CFA francs for its new national carrier Camair-Co. "The procedure is already very advanced and a delivery date has been fixed... The aircraft will enter service in 2015," the state-owned company's commercial director Alphonse Bea said in a statement. Camair, established to replace now defunct Cameroon Air, began providing international routes to Paris and the Chadian capital N'Djamena as well as a number of domestic destinations last year. ...
Full Story | Top |
Regional payment system to lower money transfer fees: Rwanda
Wed,3 Oct 2012 10:43 PM PDT
Reuters -  KIGALI (Reuters) - Traders from select sub-Saharan Africa countries will see their money transfer costs slashed by the introduction of a new regional payment system, Rwanda's central bank governor said on Wednesday. Under the Regional Payment and Settlement System (REPSS), traders will pay a flat rate of 0.25 percent to transfer euros or dollars across borders, an improvement on standard bank fees which can be as high as 5 percent of the transfer. ...
Full Story | Top |
Brent inches towards $109 after steep fall; econ woes remain
Wed,3 Oct 2012 10:29 PM PDT
Reuters -  SINGAPORE (Reuters) - Brent futures edged up towards $109 per barrel on Thursday, supported by bargain buying after a steep fall in the previous session, as investors await further cues from a European Central Bank policy meeting and critical U.S. jobs data. Fears of a delayed recovery in China and a recession in the euro zone stoked concerns about weak oil demand on Wednesday, pulling down Brent futures by 3 percent and U.S. crude 4 percent. ...
Full Story | Top |
Asian shares gain, investors wait for more U.S. data
Wed,3 Oct 2012 10:26 PM PDT
Reuters -  TOKYO (Reuters) - Asian shares and the risk-sensitive Australian dollar edged higher in choppy trade on Thursday, with investors worrying about slow global growth and awaiting fresh U.S. economic data and a European Central Bank policy meeting later in the day. U.S. stock futures rose 0.5 percent, as a CNN/ORC snap poll said 67 percent of registered voters surveyed thought Republican candidate Mitt Romney, seen as pro-business, won the first debate with President Barack Obama. Financial spreadbetters expect London's FTSE 100 , Paris's CAC-40 and Frankfurt's DAX to open as much as 0. ...
Full Story | Top |
Malaysia court keeps Lynas operating license on hold
Wed,3 Oct 2012 10:06 PM PDT
Reuters - KUALA LUMPUR (Reuters) - A Malaysian court kept on hold the license granted to Lynas Corp Ltd's controversial rare earth plant by delaying until October 10 a decision on whether it will consider judicial reviews to permanently block production. The Australian company said that the Kuantan High Court's decision leaves the temporary operating license suspended until October 10, extending a one-week halt that expired on Thursday. ... Full Story | Top |
Fire hits diesel hydrotreater at Exxon Baytown refinery
Wed,3 Oct 2012 09:49 PM PDT
Reuters - BAYTOWN, Texas (Reuters) - A fire broke out late Wednesday at Exxon Mobil Corp's refining and chemical complex in Baytown, Texas, the largest operating U.S. refinery, Exxon Mobil said. The fire at the 560,500 barrel per day (bpd) refinery east of Houston was under control and remaining plant operations were not affected, Exxon said. There were no reported injuries. According to sources familiar with refinery operations, the fire broke out at the diesel hydrotreating unit, which uses hydrogen to remove sulfur from motor fuel. ... Full Story | Top |
U.S. strip mall recovery stalls in the third quarter
Wed,3 Oct 2012 09:03 PM PDT
Reuters - NEW YORK (Reuters) - The nascent recovery at U.S. strip malls stalled in the third quarter as retail sales struggled. But large regional malls continued to rebound, driven by top-quality malls with high-end department and specialty stores, real estate research firm Reis Inc said Thursday. The retail real estate sector has been among the hardest hit in commercial property. At the mercy of consumer spending, the sector has reflected the diverse pressures and changes since the housing crisis began in 2007. Strip malls and regional malls are both subsectors of retail real estate. ... Full Story | Top |
American Airlines, pilots resume labor talks amid turmoil
Wed,3 Oct 2012 08:13 PM PDT
Reuters -  (Reuters) - American Airlines and its pilots union resumed contract talks Wednesday, but other problems continued to beset the bankrupt carrier. A cockpit warning light caused an American flight to return to an airport shortly after takeoff Tuesday, while a court said a union organizing drive at the airline could go forward and flight delays brought more customer complaints. "I will never ride on American Airlines ever again," said Tony Palm, who was stranded when a connecting flight on American from Chicago to New York's LaGuardia airport was canceled last month. ...
Full Story | Top |
Wet Seal asks shareholders to thwart boardroom coup attempt
Wed,3 Oct 2012 07:34 PM PDT
Reuters - (Reuters) - Struggling clothing retailer Wet Seal Inc urged its shareholders on Wednesday to reject efforts by its third-largest investor Clinton Group to gain control of the board, saying the company needed the experience of its current directors. Clinton, which holds some 7 percent of Wet Seal, said the seller of young women's apparel had earlier in the day backtracked on an offer, made via an investment banker, for four directors to resign in exchange for the activist investor ending its move. ... Full Story | Top |
Analysis: Is Sony buying time - or problems?
Wed,3 Oct 2012 05:32 PM PDT
Reuters -  TOKYO (Reuters) - Sony Corp CEO Kazuo Hirai has spent $1.8 billion in the past three months snapping up an assortment of businesses such as medical equipment and cloud gaming, leaving investors to worry he is blowing his firm's waning finances on a muddled plan to revive the fading giant. Hirai, a Sony veteran of nearly three decades, took over the top spot in April pledging to reshape the once-stellar brand around the pillars of gaming, digital imaging and mobile devices. Since his promotion, the company's stock market value has fallen by around $8 billion. ...
Full Story | Top |
Rajoy, Monti, Hollande to discuss euro zone on Friday
Wed,3 Oct 2012 05:10 PM PDT
Reuters -  MADRID (Reuters) - The leaders of Spain, France and Italy will meet on Friday on the sidelines of a Mediterranean summit in Malta, the office of Italian Prime Minister Mario Monti said on Wednesday. The meeting between Spanish Prime Minister Mariano Rajoy, Italian Prime Minister Mario Monti and French President Francois Hollande will take place at 1600 GMT. Two sources with knowledge of the matter said the three leaders would discuss financial issues in the euro zone, including a plan to help Spain handle its finances. ...
Full Story | Top |
Merged T-Mobile USA, MetroPCS to face tech challenges
Wed,3 Oct 2012 04:55 PM PDT
Reuters -  FRANKFURT/NEW YORK (Reuters) - T-Mobile USA, which plans to merge with MetroPCS, will have to overcome technology hurdles to be able to take on bigger rivals Verizon Wireless, AT&T Inc and Sprint Nextel Corp. MetroPCS and T-Mobile USA, a Deutsche Telekom unit, said on Wednesday they hope to set themselves up as the leading provider of wireless services to cost-conscious U.S. customers by combining their assets. But as their networks are incompatible, they will have to convince MetroPCS customers to move to T-Mobile's network with the aim of shutting down the MetroPCS network by the end of ...
Full Story | Top |
Insight: Delays dog U.S. government loans to green energy projects
Wed,3 Oct 2012 04:41 PM PDT
Reuters -  WASHINGTON (Reuters) - A year after the U.S. government raced to meet a deadline to finish loan agreements with dozens of clean energy companies, less than half the total money promised has been handed over. Technical questions and companies' own failures in hitting contractual milestones are behind some of the holdups. But government officials fearful of taking a risk on firms that could collapse may have also caused some of the delays. ...
Full Story | Top |
JPMorgan names Simon Page head of SEA debt team
Wed,3 Oct 2012 04:00 PM PDT
Reuters - SINGAPORE (Reuters) - JPMorgan has named Simon Page as head of a newly formed Southeast Asia debt capital markets team and plans to add more debt bankers in Singapore to capitalize on a boom in bond issuance. Page will retain his current role as co-head of high yield and sovereign business in Asia excluding Japan, but will relocate from Hong Kong to Singapore, according to an internal note seen by Reuters. "Over the next few months, we will make additional resource commitments to this new team," said Murli Maiya, head of debt capital markets for Asia ex-Japan in the note. ... Full Story | Top |
| |
|
No comments:
Post a Comment