Companies News

  • A man walks past the London Stock Exchange in the City of London
    FTSE steadies, consolidating strong May gains By Alistair Smout - Reuters - 40 minutes ago

    The blue-chip FTSE 100 index <.FTSE> was flat in percentage terms at 7,041.37 by 1421 BST, up about 1.1 percent this month. Traders said positioning for the end of the … More »FTSE steadies, consolidating strong May gains

    A man walks past the London Stock Exchange in the City of London

    The blue-chip FTSE 100 index <.FTSE> was flat in percentage terms at 7,041.37 by 1421 BST, up about 1.1 percent this month. Traders said positioning for the end of the month helped the FTSE to recoup early losses. "As it's the last (trading) day of the month, the fall was unlikely to be sustained," Zeg Choudhry, managing …

  • Containers await departure as crews load and unload consumer products at the Port of New Orleans along the Mississippi River in New Orleans, Louisiana
    U.S. economy contracts in first quarter; dollar hits corporate profits By Lucia Mutikani - Reuters - 41 minutes ago

    By Lucia Mutikani WASHINGTON,(Reuters) - The U.S. economy contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls and a resurgent … More »U.S. economy contracts in first quarter; dollar hits corporate profits

    Containers await departure as crews load and unload consumer products at the Port of New Orleans along the Mississippi River in New Orleans, Louisiana

    By Lucia Mutikani WASHINGTON,(Reuters) - The U.S. economy contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls and a resurgent dollar, but activity has rebounded modestly. The government on Friday slashed its gross domestic product estimate to show it shrinking at a 0.7 percent annual …

  • An Air France aircraft takes-off at the Charles-de-Gaulle airport near Paris
    Exclusive - Air France faces new safety probe after freighter takeoff scare Reuters - 42 minutes ago

    Air France faces its second safety investigation in as many weeks after pilots were forced to recover in mid-takeoff after entering the wrong data into the computer of … More »Exclusive - Air France faces new safety probe after freighter takeoff scare

    An Air France aircraft takes-off at the Charles-de-Gaulle airport near Paris

    Air France faces its second safety investigation in as many weeks after pilots were forced to recover in mid-takeoff after entering the wrong data into the computer of a cargo jet, airline and safety officials said. The mistake over the plane's weight was discovered when the Boeing 777 freighter accelerated too slowly …

  • FIFA President Blatter delivers an opening speech at the 65th FIFA Congress in Zurich
    Blatter set to win new term despite football corruption scandal By Mike Collett and Brian Homewood - Reuters - 1 hour 14 minutes ago

    By Mike Collett and Brian Homewood ZURICH (Reuters) - World football boss Sepp Blatter was expected to be re-elected on Friday, defying growing calls for him to step … More »Blatter set to win new term despite football corruption scandal

    FIFA President Blatter delivers an opening speech at the 65th FIFA Congress in Zurich

    By Mike Collett and Brian Homewood ZURICH (Reuters) - World football boss Sepp Blatter was expected to be re-elected on Friday, defying growing calls for him to step down in the face of corruption scandals engulfing the sport's governing body. Addressing delegates at FIFA's annual Congress in Switzerland, where members …

  • Singapore's Prime Minister Lee Hsien Loong delivers his keynote address of the International Institute for Strategic Studies (IISS) Shangri-La Dialogue in Singapore
    Break the vicious cycle, Singapore tells South China Sea rivals By Rujun Shen and David Alexander - Reuters - 1 hour 24 minutes ago

    By Rujun Shen and David Alexander SINGAPORE (Reuters) - Singapore's prime minister called on countries on Friday to break the "vicious cycle" of the South China Sea … More »Break the vicious cycle, Singapore tells South China Sea rivals

    Singapore's Prime Minister Lee Hsien Loong delivers his keynote address of the International Institute for Strategic Studies (IISS) Shangri-La Dialogue in Singapore

    By Rujun Shen and David Alexander SINGAPORE (Reuters) - Singapore's prime minister called on countries on Friday to break the "vicious cycle" of the South China Sea row, as the United States and China exchanged increasingly angry barbs over reclaimed islands in the disputed waterway. Inaugurating Asia's biggest security …

  • U.S. Lew urges broad deal on Greece now, focus on details later By William Schomberg and David Ljunggren - Reuters - 1 hour 26 minutes ago

    By William Schomberg and David Ljunggren DRESDEN, Germany (Reuters) - Greece and its creditors need to quickly agree on a broad deal to address the Greek debt crisis … More »U.S. Lew urges broad deal on Greece now, focus on details later

    By William Schomberg and David Ljunggren DRESDEN, Germany (Reuters) - Greece and its creditors need to quickly agree on a broad deal to address the Greek debt crisis and then work out the details before Athens hits deadlines for repayments, U.S. Treasury Secretary Jack Lew said on Friday. Lew, speaking to reporters after …

  • Islamic State claims blast killing four at Saudi mosque By Maha El Dahan and Sami Aboudi - Reuters - 1 hour 40 minutes ago

    By Maha El Dahan and Sami Aboudi ABU DHABI/DUBAI (Reuters) - Islamic State claimed responsibility for a bombing that killed four people at a Shi'ite Muslim mosque in … More »Islamic State claims blast killing four at Saudi mosque

    By Maha El Dahan and Sami Aboudi ABU DHABI/DUBAI (Reuters) - Islamic State claimed responsibility for a bombing that killed four people at a Shi'ite Muslim mosque in eastern Saudi Arabia on Friday, the second attack claimed by the Sunni militant group in a week in the world's top oil-exporting country. The Interior Ministry …

  • Logo of Toshiba Corp is seen at the company's Hydrogen Energy R&D Center during its opening ceremony in Tokyo
    Toshiba says accounting probe to take until mid-July By Ritsuko Ando - Reuters - 1 hour 43 minutes ago

    By Ritsuko Ando TOKYO (Reuters) - Toshiba Corp will file its annual report up to two months later than usual as an ongoing independent investigation into accounting … More »Toshiba says accounting probe to take until mid-July

    Logo of Toshiba Corp is seen at the company's Hydrogen Energy R&D Center during its opening ceremony in Tokyo

    By Ritsuko Ando TOKYO (Reuters) - Toshiba Corp will file its annual report up to two months later than usual as an ongoing independent investigation into accounting irregularities will likely last until mid-July, the Japanese conglomerate said on Friday. Toshiba has not been able to close its books for the year that ended …

  • European Union flags flutter outside the EU Commission headquarters in Brussels
    Watchdog suggests EU take less rigid view of foreign derivatives rules By Huw Jones - Reuters - 1 hour 55 minutes ago

    By Huw Jones LONDON (Reuters) - The European Union may need to be less rigid in its approach to dealing with financial rules from outside the bloc to avoid disputes … More »Watchdog suggests EU take less rigid view of foreign derivatives rules

    European Union flags flutter outside the EU Commission headquarters in Brussels

    By Huw Jones LONDON (Reuters) - The European Union may need to be less rigid in its approach to dealing with financial rules from outside the bloc to avoid disputes with other countries, the EU's top markets regulator said on Friday. The EU's executive European Commission and U.S. Commodity Futures Trading Commission …

  • Hungarian Prime Minister Orban gestures during his state-of-the-nation speech in Budapest
    Swiss franc surge could have toppled Hungary government - PM Reuters - 1 hour 56 minutes ago

    Prime Minister Viktor Orban said on Friday his government would have collapsed had Hungary not converted billions of euros worth of Swiss franc mortgages into forints … More »Swiss franc surge could have toppled Hungary government - PM

    Hungarian Prime Minister Orban gestures during his state-of-the-nation speech in Budapest

    Prime Minister Viktor Orban said on Friday his government would have collapsed had Hungary not converted billions of euros worth of Swiss franc mortgages into forints before the franc's surge in January. Orban's government ordered Hungary's banks, about half of which are foreign-owned, to convert the loans late last year …

  • Islamic State claims Saudi Arabia mosque bombing Reuters - 2 hours 14 minutes ago

    CAIRO (Reuters) - Islamic State militants claimed responsibility for an attack on Friday on a Shi'ite mosque in Saudi Arabia's Dammam in which four people were … More »Islamic State claims Saudi Arabia mosque bombing

    CAIRO (Reuters) - Islamic State militants claimed responsibility for an attack on Friday on a Shi'ite mosque in Saudi Arabia's Dammam in which four people were killed. A statement by Islamic State posted on Twitter named the suicide bomber who carried out the attack as Abu Jandal al-Jizrawi, saying he had managed …

  • British motor insurer Direct Line to pay special dividend Reuters - 2 hours 23 minutes ago

    (Reuters) - Britain's largest motor insurer Direct Line Insurance Group Plc said it would pay a special dividend of 27.5 pence per share following the completion of … More »British motor insurer Direct Line to pay special dividend

    (Reuters) - Britain's largest motor insurer Direct Line Insurance Group Plc said it would pay a special dividend of 27.5 pence per share following the completion of disposal of its international division. The insurer said the special dividend would equate to about 412.5 million pounds and would be paid as interim dividend …

  • Deutsche Bank top labour representative says Frankfurt works council acting alone Reuters - 2 hours 36 minutes ago

    Deutsche Bank’s top labour representative on Friday said a call by a Frankfurt-based workers council for co-Chief Executive Anshu Jain to resign did not represent the … More »Deutsche Bank top labour representative says Frankfurt works council acting alone

    Deutsche Bank’s top labour representative on Friday said a call by a Frankfurt-based workers council for co-Chief Executive Anshu Jain to resign did not represent the views of all works councils in the group. One council, based in the bank’s Frankfurt headquarters, issued a blistering attack against Jain earlier this …

  • The Union Flag flies next to the European Flag outside the European Commission building in central London
    'Brexit' could hit London insurance market - trade body Reuters - 2 hours 40 minutes ago

    A British exit from the European Union could hit London insurers' ability to sell policies in Europe and may deter overseas players from opening London offices, a trade … More »'Brexit' could hit London insurance market - trade body

    The Union Flag flies next to the European Flag outside the European Commission building in central London

    A British exit from the European Union could hit London insurers' ability to sell policies in Europe and may deter overseas players from opening London offices, a trade body said on Friday. "This arrangement is much more favourable than that for insurers based outside the EU," the International Underwriting Association …

  • U.S. one-hundred dollar bills are seen in this photo illustration at a bank in Seoul
    Dollar, Chinese shares steady as Europe wobbles By Patrick Graham - Reuters - 2 hours 41 minutes ago

    European stock markets were down by up to half a percent, with dealers pointing to doubts over Greece's ability to make good on a promise to reach a cash-for-reforms … More »Dollar, Chinese shares steady as Europe wobbles

    U.S. one-hundred dollar bills are seen in this photo illustration at a bank in Seoul

    European stock markets were down by up to half a percent, with dealers pointing to doubts over Greece's ability to make good on a promise to reach a cash-for-reforms deal with its euro zone partners by Sunday. U.S. markets were also set to open a touch lower, with a second estimate of first quarter economic output expected …

  • The logo of soccer's international governing body FIFA is seen on its headquarters in Zuric
    Fraud Office examining information relating to possible FIFA corruption Reuters - 3 hours ago

    LONDON (Reuters) - Britain's Serious Fraud Office said on Friday it was examining information relating to possible corruption at football's world governing body … More »Fraud Office examining information relating to possible FIFA corruption

    The logo of soccer's international governing body FIFA is seen on its headquarters in Zuric

    LONDON (Reuters) - Britain's Serious Fraud Office said on Friday it was examining information relating to possible corruption at football's world governing body FIFA, which is in turmoil after several senior officials were arrested earlier this week. "The SFO continues actively to assess material in its possession …

  • Hungary's Economy Minister Varga holds a news conference in Budapest
    Hungary has room to cut rates, Grexit risk manageable - economy minister By Krisztina Than and Gergely Szakacs - Reuters - 3 hours ago

    By Krisztina Than and Gergely Szakacs BUDAPEST (Reuters) - Hungary has room to cut interest rates further as the global market backdrop is supportive and the forint's … More »Hungary has room to cut rates, Grexit risk manageable - economy minister

    Hungary's Economy Minister Varga holds a news conference in Budapest

    By Krisztina Than and Gergely Szakacs BUDAPEST (Reuters) - Hungary has room to cut interest rates further as the global market backdrop is supportive and the forint's exchange rate is stronger than the level projected in the 2015 budget, Economy Minister Mihaly Varga said. On the positive side, low crude prices were …

  • Logo of Toshiba Corp is seen as people are reflected on a window at the company's Hydrogen Energy R&D Center after its opening ceremony in Tokyo
    Toshiba says 3rd-party accounting probe to take until mid-July Reuters - 4 hours ago

    Japanese industrial conglomerate Toshiba Corp said on Friday that an ongoing independent investigation into accounting irregularities was likely to last until mid-July, … More »Toshiba says 3rd-party accounting probe to take until mid-July

    Logo of Toshiba Corp is seen as people are reflected on a window at the company's Hydrogen Energy R&D Center after its opening ceremony in Tokyo

    Japanese industrial conglomerate Toshiba Corp said on Friday that an ongoing independent investigation into accounting irregularities was likely to last until mid-July, and that it would file its annual report up to two months later than usual. Toshiba has not been able to close its books for the year that ended in March …

  • A video grab from the Japan Meteorological Agency's live camera image shows an eruption of Mount Shindake on Kuchinoerabujima island,Japan
    Volcano erupts on remote Japanese island, residents flee by boat By Elaine Lies - Reuters - 4 hours ago

    By Elaine Lies TOKYO (Reuters) - A volcano erupted on a remote Japanese island on Friday, blasting black smoke thousands of metres into the sky and forcing residents … More »Volcano erupts on remote Japanese island, residents flee by boat

    A video grab from the Japan Meteorological Agency's live camera image shows an eruption of Mount Shindake on Kuchinoerabujima island,Japan

    By Elaine Lies TOKYO (Reuters) - A volcano erupted on a remote Japanese island on Friday, blasting black smoke thousands of metres into the sky and forcing residents to flee by boat and an airline to re-route flights. A pyroclastic flow of super-heated gas and rock rolled down the side of Mount Shindake, on the southern …

  • Russia, Qatar choice led to FIFA problems, says Blatter By Brian Homewood - Reuters - 4 hours ago

    By Brian Homewood ZURICH (Reuters) - Scandal-plagued FIFA may have avoided its current problems if Russia and Qatar had not been chosen as hosts of the next two World … More »Russia, Qatar choice led to FIFA problems, says Blatter

    By Brian Homewood ZURICH (Reuters) - Scandal-plagued FIFA may have avoided its current problems if Russia and Qatar had not been chosen as hosts of the next two World Cups, President Sepp Blatter said on Friday. "But we cannot go back in time, we are not prophets, we cannot say what would have happened," added Blatter, …

  • Newly minted Swiss Franc twenty cent coins are seen at Swissmint in Bern
    Swiss economy shrinks, weighed down by franc surge Reuters - 4 hours ago

    Switzerland's economy shrank in the first quarter, data showed, as exporters felt the impact of a strong Swiss franc, which surged after the central bank removed the … More »Swiss economy shrinks, weighed down by franc surge

    Newly minted Swiss Franc twenty cent coins are seen at Swissmint in Bern

    Switzerland's economy shrank in the first quarter, data showed, as exporters felt the impact of a strong Swiss franc, which surged after the central bank removed the currency's cap against the euro in January. Separate data pointed to an economic recovery towards the end of this year, tempering concerns that the country …

  • The logo of the Alibaba Group is seen inside the company's headquarters in Hangzhou
    Alibaba courts more China bad debt managers for online auctions By Shu Zhang and Matthew Miller - Reuters - 4 hours ago

    By Shu Zhang and Matthew Miller HANGZHOU, China/BEIJING (Reuters) - Huarong Asset Management Co Ltd is poised to become the second Chinese bad loan firm to auction soured … More »Alibaba courts more China bad debt managers for online auctions

    The logo of the Alibaba Group is seen inside the company's headquarters in Hangzhou

    By Shu Zhang and Matthew Miller HANGZHOU, China/BEIJING (Reuters) - Huarong Asset Management Co Ltd is poised to become the second Chinese bad loan firm to auction soured loans online amid a push by the government to settle these debts as the economy slows, an executive at e-commerce giant Alibaba Group Holding Ltd said. …

  • Synergy Health, Steris to contest U.S. FTC decision to block deal Reuters - 5 hours ago

    (Reuters) - Sterilisation services provider Synergy Health Plc and U.S. medical tech company Steris Corp said they would contest the U.S. Federal Trade Commission's … More »Synergy Health, Steris to contest U.S. FTC decision to block deal

    (Reuters) - Sterilisation services provider Synergy Health Plc and U.S. medical tech company Steris Corp said they would contest the U.S. Federal Trade Commission's attempt to block Steris's acquisition of the British company. "We are very disappointed by the FTC's decision to impede this transaction and intend to vigorously …

  • Man walks past a logo of Sany Group during a news conference in Beijing
    Sany says diversifying into smartphones, as machinery demand slips Reuters - 5 hours ago

    Chinese construction machinery maker Sany Group, which has been impacted by a sustained market slowdown, said it is venturing into smartphones, as part of a plan to diversify … More »Sany says diversifying into smartphones, as machinery demand slips

    Man walks past a logo of Sany Group during a news conference in Beijing

    Chinese construction machinery maker Sany Group, which has been impacted by a sustained market slowdown, said it is venturing into smartphones, as part of a plan to diversify away from heavy machinery. Xiang Wenbo, president of Sany Heavy Industry Co Ltd, which is part of Sany Group, confirmed the launch date and the pricing …

  • Radioactive leak at India's Delhi airport, no risk to passengers Reuters - 5 hours ago

    Radioactive material leaked from a medical shipment on Friday at Delhi's Indira Gandhi International Airport, Indian government and airport officials said, adding that … More »Radioactive leak at India's Delhi airport, no risk to passengers

    Radioactive material leaked from a medical shipment on Friday at Delhi's Indira Gandhi International Airport, Indian government and airport officials said, adding that the incident had been contained and there was no risk to passengers. The leak was found at the airport's cargo-handling complex in a consignment of sodium …

  • German justice minister urges new start at FIFA without Blatter Reuters - 6 hours ago

    Germany's Justice Minister said on Friday he did not believe FIFA President Sepp Blatter could continue to lead world football's global governing body after the arrest … More »German justice minister urges new start at FIFA without Blatter

    Germany's Justice Minister said on Friday he did not believe FIFA President Sepp Blatter could continue to lead world football's global governing body after the arrest of senior officials on corruption charges. "I don't know whether there is still even anyone who thinks Sepp Blatter is the right person to resolve the issue," …

  • Fingerprint Cards shares at record after Google tie-up Reuters - 6 hours ago

    Swedish fingerprint sensor firm Fingerprint Cards said it had cooperated with Google on fingerprint recognition in the new Android software platform, as the U.S. software … More »Fingerprint Cards shares at record after Google tie-up

    Swedish fingerprint sensor firm Fingerprint Cards said it had cooperated with Google on fingerprint recognition in the new Android software platform, as the U.S. software group looks to boost the use of fingerprint sensors on mobile phones. Fingerprint shares jumped to a record high and were up 5.1 percent by 0724 GMT. …

  • Equinix to buy Telecity Group for $3.6 billion, Interxion deal collapses Reuters - 6 hours ago

    U.S. data centre company Equinix Inc said on Friday it had agreed to buy British peer Telecity Group in a deal worth 2.35 billion pounds ($3.6 billion) which ends Telecity's … More »Equinix to buy Telecity Group for $3.6 billion, Interxion deal collapses

    U.S. data centre company Equinix Inc said on Friday it had agreed to buy British peer Telecity Group in a deal worth 2.35 billion pounds ($3.6 billion) which ends Telecity's pursuit of smaller Dutch firm Interxion Holding NV . Telecity, which runs some of the huge computer centres which process traffic on the Internet, …

  • Equinix to buy Telecity Group for 2.3 billion pounds, Interxion deal collapses Reuters - 6 hours ago

    U.S. data centre company Equinix Inc said on Friday it had agreed to buy British peer Telecity Group in a deal worth 2.35 billion pounds which ends Telecity's pursuit … More »Equinix to buy Telecity Group for 2.3 billion pounds, Interxion deal collapses

    U.S. data centre company Equinix Inc said on Friday it had agreed to buy British peer Telecity Group in a deal worth 2.35 billion pounds which ends Telecity's pursuit of smaller Dutch firm Interxion Holding NV . Telecity, which runs some of the huge computer centres which process traffic on the Internet, said in a statement …

  • Afren secures additional debt funding Reuters - 7 hours ago

    (Reuters) - Oil producer Afren Plc said its noteholders agreed to subscribe for further notes up to $369 million (241 million pounds), adding $93 million in net cash … More »Afren secures additional debt funding

    (Reuters) - Oil producer Afren Plc said its noteholders agreed to subscribe for further notes up to $369 million (241 million pounds), adding $93 million in net cash proceeds to the amount it announced in April. Afren said it would use the proceeds to refinance its previously announced interim funding and fund the development …