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U.S. small businesses boost hiring in January: NFIB

U.S. small businesses stepped up hiring in January after taking a pause in December and many continued to point to difficulty finding qualified workers, a survey showed on Thursday. The monthly survey of the National Federation of Independent Business showed that 52 percent of respondents said they were hiring or trying…

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U.S. small businesses boost hiring in January: NFIB

Obama to seek new tax on oil in budget proposal

U.S. President Barack Obama will propose a $10-a-barrel fee on oil in his budget plan next week, as the White House seeks to boost the nation's investments in clean transportation projects, the White House said on Thursday. The fee, which would be paid by oil companies, is likely to fall flat in the Republican-controlled Congress. In the last year of his presidency, Obama has said the country must stop subsidizing the “dirty” fossil fuels of the past and focus on…

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Obama to seek new tax on oil in budget proposal

Seven $1 billion-plus drugs seen reaching market in 2016

Drug companies are likely to launch seven “blockbuster” drugs in 2016, each with $1 billion-plus annual sales potential, led by new treatments for liver disease and HIV, according to a Thomson Reuters analysis. The assessment means the pharmaceuticals industry is on track for another productive year, although not as good as 2015, which saw the arrival of 11 new blockbusters. The two top …

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Seven $1 billion-plus drugs seen reaching market in 2016

Ford Europe cuts jobs to achieve $200 million cost savings

Ford plans to shed hundreds of white-collar jobs in Europe to cut costs by $200 million annually and is taking additional steps to revamp its lineup as it targets durable profitability in the region, the carmaker said on Wednesday. The U.S. automaker turned a full-year profit of $259 million in Europe in 2015 for the first time

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Ford Europe cuts jobs to achieve $200 million cost savings

Yahoo to look at strategic alternatives, cut jobs as it pursues spin-off

Yahoo Inc said on Tuesday it would consider “strategic alternatives” for its core Internet business and cut about 15 percent of its workforce, even as it continues with its plan to revamp the business and spin it off. The announcement is the strongest sign yet that the board and Chief Executive Marissa Mayer may be willing to…

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Yahoo to look at strategic alternatives, cut jobs as it pursues spin-off

Oil lifts stocks off lows, yen and low-risk debt in favor

LONDON (Reuters) – Glimmers of recovery in oil prices on Wednesday lifted European stock markets off their lows and dimmed the allure of the Japanese yen, gold and ultra-low-risk government debt.

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Oil lifts stocks off lows, yen and low-risk debt in favor

China seeks food security with $43 billion bid for Syngenta

By Ludwig Burger BASEL, Switzerland (Reuters) – China made its boldest overseas takeover move yet when state-owned ChemChina agreed a $43 billion bid for Swiss seeds and pesticides group Syngenta on Wednesday. The largest ever foreign purchase by a Chinese firm, announced by both companies, will accelerate a shake-up in global agrochemicals and marks a setback for U.S. firm Monsanto, which failed to buy Syngenta last year. …

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China seeks food security with $43 billion bid for Syngenta

Volkswagen faces Tuesday U.S. deadline for SUV emission repair plan

WASHINGTON (Reuters) – Volkswagen AG faces a Feb. 2 deadline to submit a repair plan for 80,000 diesel SUVs and larger cars that emit excess pollution, even as it considers buying back some vehicles and a prior fix plan for smaller vehicles was rejected.

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Volkswagen faces Tuesday U.S. deadline for SUV emission repair plan

Bacardi demands U.S. explain giving Havana Club brand to Cuba

Bacardi on Monday sought U.S. records to explain the U.S. government's decision to strip the spirits company of its right to the Havana Club brand name and hand it back to a Cuban state company partnered with a global rival. Bacardi's Freedom of Information Act request is …

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Bacardi demands U.S. explain giving Havana Club brand to Cuba

OPPO, Vivo snap at Apple’s heels in China mobile market

By Miyoung Kim and Yimou Lee SINGAPORE/HONG KONG (Reuters) – Beyond China few may have heard of OPPO or Vivo, but these local handset vendors are rising up the rankings in the world's largest smartphone market, using local marketing savvy and strong retail networks in lower-tier cities. Industry experts say these cities – there are more than 600 of them and some are bigger than many European capitals – are the next smartphone battlefield as China'…

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OPPO, Vivo snap at Apple’s heels in China mobile market

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