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Japan’s love of tiny cars sore spot as Trump, Abe meet

February 10, 2017 by · Leave a Comment 

TOKYO/DETROIT (Reuters) – When Japanese Prime Minister Shinzo Abe meets on Friday with U.S. President Donald Trump, Japan’s bulging automotive trade surplus will be a sore spot, but the path to balancing auto exports and imports will be no easier than it was in the 1980s.

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Japan’s love of tiny cars sore spot as Trump, Abe meet

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Boeing’s $14 billion Singapore Air order does not fill 777, 787 gap: CEO

February 10, 2017 by · Leave a Comment 

Boeing Co must sell more 777 and 787 jetliners to keep production plans on track, despite a $13.8 billion order that landed earlier on Thursday, its chief executive said. The order from high-profile customer Singapore Airlines is a strong endorsement of both planes, and…

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Boeing’s $14 billion Singapore Air order does not fill 777, 787 gap: CEO

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Exclusive: Blackstone to acquire Aon’s benefits outsourcing for $4.8 billion – sources

February 10, 2017 by · Leave a Comment 

Private equity firm Blackstone Group LP has agreed to acquire insurance broker Aon Plc's employee benefits outsourcing business for around $4.8 billion, people familiar with the matter said on Thursday. It also allows Aon to exit a mature, capital-intensive outsourcing business, allowing it to invest in growth areas beyond its core insurance brokerage operations, such as cyber security and health insurance.

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Exclusive: Blackstone to acquire Aon’s benefits outsourcing for $4.8 billion – sources

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Twitter numbers paint grim profitability picture

February 10, 2017 by · Leave a Comment 

For all the buzz the San Francisco company has created as the preferred platform for U.S. President Donald Trump and other high-profile figures, Twitter has lost more than $1.5 billion cumulatively since it went public in late 2013. Fourth-quarter revenue of $717 million was well

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Twitter numbers paint grim profitability picture

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Facebook underreported iPhone traffic for some publishers

December 16, 2016 by · Leave a Comment 

(Reuters) – Facebook Inc said it had underreported the number of views on iPhone of content published by some publishers using its Instant Articles platform between Sept. 20 and Nov. 30. Publishers make money through ads on their posts. Facebook said on Friday that

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Facebook underreported iPhone traffic for some publishers

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China’s growth sucks in more debt bucks for less bang

July 24, 2016 by · Leave a Comment 

As China's economy notches up another quarter of steady growth, the pace of credit creation grows ever more frantic for every extra unit of production, as inefficient state firms swallow an increasing share of lending. “The amount of debt that China has taken in the…

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China’s growth sucks in more debt bucks for less bang

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Exclusive: Tesla, SolarCity close to merger agreement

July 24, 2016 by · Leave a Comment 

The two companies, which count billionaire Elon Musk as a major shareholder, are in the final stages of carrying out due diligence on each other, and could agree on the terms of a deal in the coming days, though it is still possible that their negotiations end unsuccessfully, the people said on Saturday. It could not be learned whether SolarCity would be successful in including a…

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Exclusive: Tesla, SolarCity close to merger agreement

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Corporate raiders seek Brexit bargains in Britain

July 24, 2016 by · Leave a Comment 

By Pamela Barbaglia and Freya Berry LONDON (Reuters) – Overseas buyers lured by a plunge in the pound are looking to snare British companies on the cheap, ensuring a steady flow of deals since Britain…

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Corporate raiders seek Brexit bargains in Britain

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G20 will use ‘all policy tools’ to lift growth as Brexit weighs

July 24, 2016 by · Leave a Comment 

By William Schomberg and Elias Glenn CHENGDU, China (Reuters) – The world's biggest economies will work to support global growth and better share the benefits of trade, policymakers said on Sunday after a meeting dominated by the impact of Britain's exit from Europe and fears of rising protectionism. Philip Hammond, Britain's new finance minister, said the uncertainty about Brexit would begin to abate once Britain laid out a

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G20 will use ‘all policy tools’ to lift growth as Brexit weighs

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Apple weathers anti-U.S. demo in China, where patriotic protests snowball

July 24, 2016 by · Leave a Comment 

Apple Inc found itself on the receiving end of a small, short-lived anti-U.S. protest this week in China, the tech firm's biggest overseas market and a country where foreign firms have suffered damaging boycotts following international spats. A handful of unofficial Apple stores were picketed and social …

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Apple weathers anti-U.S. demo in China, where patriotic protests snowball