Developing

Companies News

  • A Volvo logo is pictured at the Jacob Javits Convention Center during the New York International Auto Show in New York
    Volvo raises North America outlook after first-quarter profit rise Niklas Pollard and Johannes Hellstrom - Reuters - 10 minutes ago

    By Niklas Pollard and Johannes Hellstrom STOCKHOLM (Reuters) - World number two truck maker Volvo raised its outlook for the North American market on Friday after posting … More »Volvo raises North America outlook after first-quarter profit rise

    A Volvo logo is pictured at the Jacob Javits Convention Center during the New York International Auto Show in New York

    By Niklas Pollard and Johannes Hellstrom STOCKHOLM (Reuters) - World number two truck maker Volvo raised its outlook for the North American market on Friday after posting an expected rise in quarterly earnings as firmer demand in its main markets offset lingering costs for a vast renewal of its model range. Volvo, vying …

  • A man walks past the Standard and Poor's building in New York's financial district
    Standard & Poor's affirms France credit rating Reuters - 30 minutes ago

    Standard & Poor's on Friday affirmed France's long-term credit rating at AA and its short-term credit rating at A-1+ with a stable outlook, citing the government's efforts … More »Standard & Poor's affirms France credit rating

    A man walks past the Standard and Poor's building in New York's financial district

    Standard & Poor's on Friday affirmed France's long-term credit rating at AA and its short-term credit rating at A-1+ with a stable outlook, citing the government's efforts to improve the economy's competitiveness and reduce the public deficit. "The French government has shifted toward policies to reduce labour costs and …

  • McAlevey sits in the cockpit of a RNZAF P3 Orion maritime search aircraft as it flies over the southern Indian Ocean looking for debris from missing Malaysian Airlines flight MH370
    U.S. official says MH370 search likely to last for years Matt Siegel and Byron Kaye - Reuters - 38 minutes ago

    By Matt Siegel and Byron Kaye SYDNEY/PERTH, Australia (Reuters) - The search for missing Malaysia Airlines Flight MH370 is likely to drag on for years, a senior U.S. … More »U.S. official says MH370 search likely to last for years

    McAlevey sits in the cockpit of a RNZAF P3 Orion maritime search aircraft as it flies over the southern Indian Ocean looking for debris from missing Malaysian Airlines flight MH370

    By Matt Siegel and Byron Kaye SYDNEY/PERTH, Australia (Reuters) - The search for missing Malaysia Airlines Flight MH370 is likely to drag on for years, a senior U.S. defence official said on Friday, as an underwater search for any trace of the plane's wreckage off west Australia appeared to have failed. The official, …

  • A Volvo logo is pictured at the Jacob Javits Convention Center during the New York International Auto Show in New York
    Volvo first-quarter profit in line with forecast, raises North America outlook Reuters - 44 minutes ago

    STOCKHOLM (Reuters) - World number two truck maker Volvo posted a rise in quarterly core earnings in line with expectations on Friday as firmer demand in its main markets … More »Volvo first-quarter profit in line with forecast, raises North America outlook

    A Volvo logo is pictured at the Jacob Javits Convention Center during the New York International Auto Show in New York

    STOCKHOLM (Reuters) - World number two truck maker Volvo posted a rise in quarterly core earnings in line with expectations on Friday as firmer demand in its main markets offset lingering costs for a vast renewal of its model range and fierce currency headwinds. Volvo, Sweden's biggest company by sales and top private …

  • Protesters from labour organizations shout slogans in support of the strike by workers at a Yue Yuen Industrial Holdings Ltd shoe factory complex in Dongguan, at a shopping mall in Hong Kong
    China labour activist freed, says will still help strikers John Ruwitch - Reuters - 48 minutes ago

    By John Ruwitch SHANGHAI (Reuters) - A Chinese labour activist has been freed after being detained for more than two days by security agents who he says tried to convince … More »China labour activist freed, says will still help strikers

    Protesters from labour organizations shout slogans in support of the strike by workers at a Yue Yuen Industrial Holdings Ltd shoe factory complex in Dongguan, at a shopping mall in Hong Kong

    By John Ruwitch SHANGHAI (Reuters) - A Chinese labour activist has been freed after being detained for more than two days by security agents who he says tried to convince him not to make contact with workers involved in China's biggest strike in years. Zhang Zhiru's brief detention underscores nervousness among officials …

  • A man is reflected on a screen displaying a graph showing movements of the Tokyo Stock Exchange Stock Price Index (TOPIX), outside a brokerage in Tokyo
    Asian shares, dollar struggle on Ukraine anxiety Lisa Twaronite - Reuters - 50 minutes ago

    By Lisa Twaronite TOKYO (Reuters) - Asian stocks struggled on Friday as fears of an escalating Ukraine crisis eclipsed upbeat U.S. economic data and robust U.S. tech … More »Asian shares, dollar struggle on Ukraine anxiety

    A man is reflected on a screen displaying a graph showing movements of the Tokyo Stock Exchange Stock Price Index (TOPIX), outside a brokerage in Tokyo

    By Lisa Twaronite TOKYO (Reuters) - Asian stocks struggled on Friday as fears of an escalating Ukraine crisis eclipsed upbeat U.S. economic data and robust U.S. tech shares. U.S. Secretary of State John Kerry said on Thursday that time was running out for Moscow to change its course in Ukraine. "The escalation of tension …

  • Dell, chief executive of Dell Inc, delivers his keynote speech at the All Things Oracle OpenWorld Summit in San Francisco, California
    Michael Dell to sell gardening firm ValleyCrest to KKR unit - FT Reuters - 56 minutes ago

    (Reuters) - Dell Inc Chief Executive Michael Dell is likely to sell his corporate gardening company ValleyCrest to KKR & Co LP's Brickman unit, the Financial Times … More »Michael Dell to sell gardening firm ValleyCrest to KKR unit - FT

    Dell, chief executive of Dell Inc, delivers his keynote speech at the All Things Oracle OpenWorld Summit in San Francisco, California

    (Reuters) - Dell Inc Chief Executive Michael Dell is likely to sell his corporate gardening company ValleyCrest to KKR & Co LP's Brickman unit, the Financial Times reported. ValleyCrest, owned by Dell's family investment office MSD Capital, is expected to fetch about $1 billion and talks for a deal are understood …

  • Two executives at units of state-run China Resources detained - newspaper Reuters - 57 minutes ago

    HONG KONG (Reuters) - Chinese authorities detained last week two senior executives at units of China Resources Holding Co. Ltd , the South China Morning Post reported … More »Two executives at units of state-run China Resources detained - newspaper

    HONG KONG (Reuters) - Chinese authorities detained last week two senior executives at units of China Resources Holding Co. Ltd , the South China Morning Post reported on Friday, as the chairman of the state-run conglomerate is being investigated for corruption. Wang Hongkun, an executive director of China Resources Land …

  • Job seekers look at employment information at a job fair in Zhengzhou
    China urban jobless rate edges down to 4.08 percent at end - March Reuters - 1 hour 0 minutes ago

    China created 3.44 million new jobs in cities in the first three months of this year, bringing the urban jobless rate down slightly to 4.08 percent, the labour ministry … More »China urban jobless rate edges down to 4.08 percent at end - March

    Job seekers look at employment information at a job fair in Zhengzhou

    China created 3.44 million new jobs in cities in the first three months of this year, bringing the urban jobless rate down slightly to 4.08 percent, the labour ministry said on Friday. "Although the economy grew at a slower pace, the increase of each percentage point of GDP actually produces more jobs than before due to …

  • A woman attends a candlelight vigil for capsized South Korean ferry in Ansan
    Empty spaces mark Korean school tribute for missing ferry victims Ju-min Park and James Pearson - Reuters - 1 hour 41 minutes ago

    By Ju-min Park and James Pearson ANSAN, South Korea/SEOUL (Reuters) - A floral tribute to the children who drowned in a sinking South Korean ferry displays photographs … More »Empty spaces mark Korean school tribute for missing ferry victims

    A woman attends a candlelight vigil for capsized South Korean ferry in Ansan

    By Ju-min Park and James Pearson ANSAN, South Korea/SEOUL (Reuters) - A floral tribute to the children who drowned in a sinking South Korean ferry displays photographs of the victims in their school uniforms, while lines of empty spaces wait to be filled with photos once those still missing are confirmed dead. The pictures, …

  • New report calls U.S. a 'rising star' of global manufacturing James B. Kelleher - Reuters - 2 hours 11 minutes ago

    By James B. Kelleher (Reuters) - Call it the comeback kid. A new ranking of the competitiveness of the world's top 25 exporting countries says the United States is … More »New report calls U.S. a 'rising star' of global manufacturing

    By James B. Kelleher (Reuters) - Call it the comeback kid. A new ranking of the competitiveness of the world's top 25 exporting countries says the United States is once again a "rising star" of global manufacturing thanks to falling domestic natural gas prices, rising worker productivity and a lack of upward …

  • U.S. and Japan have TPP market access breakthrough-official Reuters - 2 hours 32 minutes ago

    SEOUL (Reuters) - The United States and Japan have achieved a breakthrough on market access in bilateral talks on the Trans-Pacific Partnership trade deal, although no … More »U.S. and Japan have TPP market access breakthrough-official

    SEOUL (Reuters) - The United States and Japan have achieved a breakthrough on market access in bilateral talks on the Trans-Pacific Partnership trade deal, although no final agreement has been reached, a senior U.S. official said on Friday. "There are still details to be worked out. There is still much work to be done …

  • Exclusive - Obama may call EU leaders in Russia sanctions push: sources Arshad Mohammed - Reuters - 2 hours 34 minutes ago

    By Arshad Mohammed WASHINGTON (Reuters) - U.S. President Barack Obama is expected to speak to several European leaders on Friday to try to nudge the EU toward fresh … More »Exclusive - Obama may call EU leaders in Russia sanctions push: sources

    By Arshad Mohammed WASHINGTON (Reuters) - U.S. President Barack Obama is expected to speak to several European leaders on Friday to try to nudge the EU toward fresh sanctions against Russia over Ukraine, sources familiar with the matter said. Disagreements among European Union nations on whether to impose new economic …

  • A shopping cart full of products is seen as a customer shops at a Wal-Mart store in Beijing
    Wal-Mart replaces China CEO in Asia leadership shuffle Reuters - 3 hours ago

    U.S. retailer Wal-Mart Stores Inc has appointed a new chief executive for the China region, where the world's largest retailer is battling stiff competition from local … More »Wal-Mart replaces China CEO in Asia leadership shuffle

    A shopping cart full of products is seen as a customer shops at a Wal-Mart store in Beijing

    U.S. retailer Wal-Mart Stores Inc has appointed a new chief executive for the China region, where the world's largest retailer is battling stiff competition from local rivals. Sean Clarke, a Wal-Mart veteran and current chief operating officer in China, will take over the China CEO role from June 1, a statement from the …

  • Korea investigators say life rafts not working properly on sunk ferry's sister ship Reuters - 3 hours ago

    South Korean investigators said on Friday that life rafts and escape chutes on a sister ship to a sunken ferry were not working properly. The Sewol ferry, weighing almost … More »Korea investigators say life rafts not working properly on sunk ferry's sister ship

    South Korean investigators said on Friday that life rafts and escape chutes on a sister ship to a sunken ferry were not working properly. The Sewol ferry, weighing almost 7,000 tons, sank on a routine trip from the port of Incheon, near Seoul, to the southern holiday island of Jeju. More than 300 people, most of them …

  • A general view shows the HSBC building in the financial district of Canary Wharf in London
    HSBC tower could be sold for over 1.1 billion pounds - FT Reuters - 4 hours ago

    (Reuters) - London's largest and most expensive office building, HSBC Holding Plc's global headquarters, is up for sale and could fetch over 1.1 billion pounds (1.85 … More »HSBC tower could be sold for over 1.1 billion pounds - FT

    A general view shows the HSBC building in the financial district of Canary Wharf in London

    (Reuters) - London's largest and most expensive office building, HSBC Holding Plc's global headquarters, is up for sale and could fetch over 1.1 billion pounds (1.85 billion) a record price for the British market, the Financial Times reported. The Canary Wharf-based 44-storey, 1.1 million square foot building is being …

  • KKR, Nasdaq plan market for trading stakes in buyout funds - WSJ Reuters - 4 hours ago

    (Reuters) - Private equity firm KKR & Co LP plans to allow investors to sell parts of their stake in buyout funds through a new private market run by Nasdaq OMX Group … More »KKR, Nasdaq plan market for trading stakes in buyout funds - WSJ

    (Reuters) - Private equity firm KKR & Co LP plans to allow investors to sell parts of their stake in buyout funds through a new private market run by Nasdaq OMX Group Inc , the Wall Street Journal reported on Thursday, citing people familiar with the matter. Private equity firms usually buy companies by raising debt from …

  • The Volkswagen logo is displayed on a 2014 Beetle TDI during the North American International Auto Show in Detroit,
    Volkswagen to lay off 900 autoworkers in two Brazilian states Alberto Alerigi - Reuters - 5 hours ago

    By Alberto Alerigi SAO PAULO (Reuters) - Volkswagen AG said on Thursday that it will lay off about 900 autoworkers at two Brazilian plants, one of the biggest recent … More »Volkswagen to lay off 900 autoworkers in two Brazilian states

    The Volkswagen logo is displayed on a 2014 Beetle TDI during the North American International Auto Show in Detroit,

    By Alberto Alerigi SAO PAULO (Reuters) - Volkswagen AG said on Thursday that it will lay off about 900 autoworkers at two Brazilian plants, one of the biggest recent efforts to cut output in the face of sluggish demand for cars in Latin America's largest economy. The layoffs at the Volkswagen plants in Sao Bernardo do …

  • The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company's headquarters in Tucheng, New Taipei city
    Foxconn to decide fate of Indonesia project in October - source Faith Hung - Reuters - 5 hours ago

    By Faith Hung TAIPEI (Reuters) - Foxconn Technology Group will decide in October whether to proceed with a planned $1 billion (594 million pounds) manufacturing project … More »Foxconn to decide fate of Indonesia project in October - source

    The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company's headquarters in Tucheng, New Taipei city

    By Faith Hung TAIPEI (Reuters) - Foxconn Technology Group will decide in October whether to proceed with a planned $1 billion (594 million pounds) manufacturing project in Indonesia after a new government takes office, a company source said on Thursday. Foxconn, a major supplier to Apple Inc, wants to expand beyond China, …

  • Slim, Chairman of Grupo Carso participates in a panel discussion at the Clinton Global Initiative, in New York
    Carlos Slim's conglomerate Carso reports higher first-quarter profit Reuters - 5 hours ago

    Billionaire Carlos Slim's conglomerate Grupo Carso on Thursday reported a higher first-quarter profit as lower sales and financing costs offset a dip in revenue. The … More »Carlos Slim's conglomerate Carso reports higher first-quarter profit

    Slim, Chairman of Grupo Carso participates in a panel discussion at the Clinton Global Initiative, in New York

    Billionaire Carlos Slim's conglomerate Grupo Carso on Thursday reported a higher first-quarter profit as lower sales and financing costs offset a dip in revenue. The conglomerate's businesses, which include construction, retail, real estate and oil services among others, reported a 4.5 percent lower revenue in the January-March …

  • Microsoft CEO Satya Nadella gestures as he speaks during his keynote address at the company's "build" conference in San Francisco
    New Microsoft CEO Nadella impresses Wall Street, stresses challenges Bill Rigby - Reuters - 5 hours ago

    By Bill Rigby SEATTLE (Reuters) - Microsoft Corp's new chief executive on Thursday won rave reviews for his first public encounter with Wall Street analysts who said … More »New Microsoft CEO Nadella impresses Wall Street, stresses challenges

    Microsoft CEO Satya Nadella gestures as he speaks during his keynote address at the company's "build" conference in San Francisco

    By Bill Rigby SEATTLE (Reuters) - Microsoft Corp's new chief executive on Thursday won rave reviews for his first public encounter with Wall Street analysts who said he communicated willingness to transform the world's largest software company as it scrambles to catch up in the mobile-computing era. Marking the first …

  • Flags of European Union member states fly in front of the European Parliament building in Strasbourg
    EU court to rule on UK challenge to transaction tax Huw Jones - Reuters - 5 hours ago

    By Huw Jones LONDON (Reuters) - Britain may lose its challenge to stop plans by 11 euro zone countries to tax financial transactions when the European Union's top court … More »EU court to rule on UK challenge to transaction tax

    Flags of European Union member states fly in front of the European Parliament building in Strasbourg

    By Huw Jones LONDON (Reuters) - Britain may lose its challenge to stop plans by 11 euro zone countries to tax financial transactions when the European Union's top court rules next week, lawyers said on Thursday. Britain is challenging an EU decision allowing the group of EU members to push ahead with their plans to tax …

  • A box from Amazon.com is pictured on the porch of a house in Golden
    Amazon's revenue increases even as spending rises Deepa Seetharaman - Reuters - 5 hours ago

    By Deepa Seetharaman SAN FRANCISCO (Reuters) - Amazon.com Inc's revenue grew more than expected for the first quarter, largely offset by a sharp increase in spending … More »Amazon's revenue increases even as spending rises

    A box from Amazon.com is pictured on the porch of a house in Golden

    By Deepa Seetharaman SAN FRANCISCO (Reuters) - Amazon.com Inc's revenue grew more than expected for the first quarter, largely offset by a sharp increase in spending on technology, content and new warehouses as the e-commerce company branches into new businesses. Amazon's international unit, which accounts for 40 percent …

  • Netflix makes deals to appear on first U.S. cable boxes Lisa Richwine and Liana B. Baker - Reuters - 5 hours ago

    By Lisa Richwine and Liana B. Baker LOS ANGELES/NEW YORK (Reuters) - Netflix Inc's streaming video subscription service will be integrated into TiVo Inc set-top boxes … More »Netflix makes deals to appear on first U.S. cable boxes

    By Lisa Richwine and Liana B. Baker LOS ANGELES/NEW YORK (Reuters) - Netflix Inc's streaming video subscription service will be integrated into TiVo Inc set-top boxes for customers of three of the smaller U.S. cable operators, the companies said on Thursday. The deals with Atlantic Broadband, Grande Communications and …

  • Logo of Hyundai Motor Co. is seen on a wheel of a car at a Hyundai dealership in Seoul
    Hyundai Motor down 3 percent after first-quarter earnings Reuters - 5 hours ago

    SEOUL (Reuters) - Shares in Hyundai Motor Co dropped more than 3 percent on Friday after the automaker reported a smaller than expected quarterly profit hit by a strong … More »Hyundai Motor down 3 percent after first-quarter earnings

    Logo of Hyundai Motor Co. is seen on a wheel of a car at a Hyundai dealership in Seoul

    SEOUL (Reuters) - Shares in Hyundai Motor Co dropped more than 3 percent on Friday after the automaker reported a smaller than expected quarterly profit hit by a strong Korean won. Shares in Hyundai, South Korea's second-biggest company, fell 2.7 percent as of 0005 GMT (1.05 a.m. BST), after falling as much as 3.3 percent …

  • Exclusive - Allergan approached Shire about takeover but rebuffed: sources Olivia Oran, Soyoung Kim and Nadia Damouni - Reuters - 5 hours ago

    By Olivia Oran, Soyoung Kim and Nadia Damouni NEW YORK (Reuters) - Allergan Inc approached Shire Plc in recent months about a possible takeover but was rebuffed, according … More »Exclusive - Allergan approached Shire about takeover but rebuffed: sources

    By Olivia Oran, Soyoung Kim and Nadia Damouni NEW YORK (Reuters) - Allergan Inc approached Shire Plc in recent months about a possible takeover but was rebuffed, according to people familiar with the matter, in the latest example of a U.S. drugmaker seeking to buy an overseas rival to lower its tax rate. The preliminary …

  • A man walks past the logo of NTT Docomo in Tokyo
    NTT DoCoMo to exit India, unload entire stake in Tata Teleservices - sources Reuters - 6 hours ago

    Japan's NTT DoCoMo Inc will unload its 26.5 percent stake in loss-making Indian mobile phone joint venture Tata Teleservices Ltd and exit the country as it struggles … More »NTT DoCoMo to exit India, unload entire stake in Tata Teleservices - sources

    A man walks past the logo of NTT Docomo in Tokyo

    Japan's NTT DoCoMo Inc will unload its 26.5 percent stake in loss-making Indian mobile phone joint venture Tata Teleservices Ltd and exit the country as it struggles with tough price competition, sources familiar with the matter said on Friday. NTT DoCoMo will make a formal decision at a board meeting on Friday, the sources …

  • The Apple logo is pictured on the front of a retail store in the Marina neighborhood in San Francisco
    Exclusive - Apple, Google agree to pay over $300 million to settle conspiracy lawsuit Dan Levine - Reuters - 6 hours ago

    By Dan Levine SAN FRANCISCO (Reuters) - Four major tech companies including Apple and Google have agreed to pay a total of $324 million (192.8 million pounds) to settle … More »Exclusive - Apple, Google agree to pay over $300 million to settle conspiracy lawsuit

    The Apple logo is pictured on the front of a retail store in the Marina neighborhood in San Francisco

    By Dan Levine SAN FRANCISCO (Reuters) - Four major tech companies including Apple and Google have agreed to pay a total of $324 million (192.8 million pounds) to settle a lawsuit accusing them of conspiring to hold down salaries in Silicon Valley, sources familiar with the deal said, just weeks before a high profile trial …

  • The Microsoft logo is seen at their offices in Bucharest
    Microsoft beats Wall Street on new CEO debut Bill Rigby - Reuters - 6 hours ago

    By Bill Rigby SEATTLE (Reuters) - Microsoft Corp's new chief executive got off to a winning start with Wall Street on Thursday as the world's largest software company … More »Microsoft beats Wall Street on new CEO debut

    The Microsoft logo is seen at their offices in Bucharest

    By Bill Rigby SEATTLE (Reuters) - Microsoft Corp's new chief executive got off to a winning start with Wall Street on Thursday as the world's largest software company eased past analysts' profit estimates despite the pressure of falling computer sales. Microsoft shares are up about 8 percent since company veteran Satya …

  • A trader works on the floor of the New York Stock Exchange
    Equity indexes up on Apple, Ukraine tempers rise Sam Forgione - Reuters - 6 hours ago

    By Sam Forgione NEW YORK (Reuters) - Global equity markets rose in choppy trading on Thursday in the wake of strong earnings results from tech heavyweights Apple and … More »Equity indexes up on Apple, Ukraine tempers rise

    A trader works on the floor of the New York Stock Exchange

    By Sam Forgione NEW YORK (Reuters) - Global equity markets rose in choppy trading on Thursday in the wake of strong earnings results from tech heavyweights Apple and Facebook, but worries about rising tensions in Ukraine limited gains and dragged the dollar lower. Facebook Inc's and Caterpillar Inc's earnings also beat …