Feed aggregator

China's Li says to create 10 million jobs in 2015: China Daily

Breaking Business News - 1 hour 7 min ago
SHANGHAI (Reuters) - China's Premier Li Keqiang pledged to create at least 10 million new jobs in 2015, the state run China Daily newspaper said on Tuesday, despite economic growth that slowed to its weakest pace in nearly a quarter of a century last year.

Petrobras may book $20 billion asset write-down: Veja magazine blog

Breaking Business News - 1 hour 13 min ago
SAO PAULO (Reuters) - Brazilian state-controlled oil company Petróleo Brasileiro SA could take a charge of about 52 billion reais ($20 billion) in its delayed third-quarter results to reduce the value of some assets, a Veja magazine blog said on Monday.

Qantas, Virgin use lower oil prices to absorb fuel surcharges

Breaking Business News - 1 hour 28 min ago
SYDNEY (Reuters) - Qantas Airways Ltd said on Tuesday it is restructuring its international tariffs to absorb fuel surcharges into base fares, adding that lower oil prices put airlines in a better position to invest in new aircraft, lounges and routes.

U.S. deficit to dip in 2015 as era of dramatic declines ends: CBO

Breaking Business News - 1 hour 36 min ago
WASHINGTON (Reuters) - The U.S. budget deficit will decline slightly to $468 billion this fiscal year, the lowest level since President Barack Obama took office, congressional forecasters said on Monday in a report heralding the end of a brief period of dramatically shrinking red ink.

Microsoft profit falls on sluggish Windows, currency pressure

Breaking Business News - 1 hour 40 min ago
SEATTLE (Reuters) - Microsoft Corp on Monday reported a fall in its quarterly profit that was in line with Wall Street forecasts, as sluggish personal computer sales dampened demand for Windows software and the company struggled with the impact of the strong U.S. dollar.

Toyota to move to merit-based pay for factory workers: Nikkei

Breaking Business News - 2 hours 45 min ago
(Reuters) - Toyota Motor Corp will change the way it pays factory workers, focusing on their performance rather than their seniority, the Nikkei reported on Monday.

Wall Street rises after Greek elections; energy climbs

Breaking Business News - 2 hours 51 min ago
NEW YORK (Reuters) - U.S. stocks edged higher on Monday as investors brushed off fears that a leftist victory in Greece would bring fresh crisis to the Eurozone and energy stocks advanced.

Ocwen calls investor claims baseless

Breaking Business News - 3 hours 12 min ago
(Reuters) - Mortgage servicer Ocwen Financial Group said on Monday a group of investors had no basis for claiming it failed to live up to its agreements to collect payments on $82 billion worth of home loans.

Siemens names new healthcare bosses, power head goes

Breaking Business News - 3 hours 20 min ago
MUNICH, Germany (Reuters) - German industrial group Siemens announced a major reshuffle of its management board on Monday, appointing a new team to run its healthcare business and saying the chief of its struggling power and gas unit would leave this week.

S&P downgrades Russia's sovereign credit rating to 'junk'

Breaking Business News - 3 hours 26 min ago
MOSCOW (Reuters) - Ratings agency S&P cut Russia's sovereign credit rating to junk status on Monday, bringing it below investment grade for the first time in a decade.

Oil slides despite OPEC talk of a floor

Breaking Business News - 3 hours 38 min ago
NEW YORK (Reuters) - Oil fell in see-saw trade on Monday, with U.S. crude ending at its lowest in nearly six years, as traders discounted comments from OPEC's top official about the market finally finding a bottom.

Reuters names editor in charge of regulation coverage

Talking Biz News - 3 hours 54 min ago
Kerry Van Hall, the Washington news editor and acting bureau chief for Reuters, sent out the following announcement on Monday: Hi, we’re very excited to announce that Soyoung Kim will be joining the Washington...

Biz magazine editor says goodbye to his creation

Talking Biz News - 4 hours 40 min ago
David Kinney, the longtime editor of Business North Carolina, says goodbye in the February edition. He and his son are selling the magazine to new owners. Kinney writes, “I turn 66 this spring, and...

Mattel removes CEO, warns of fifth straight fall in quarterly sales

Breaking Business News - 4 hours 43 min ago
(Reuters) - Mattel Inc removed Chief Executive Brian Stockton after another disappointing holiday shopping season for the maker of the aging Barbie doll.

Telecom network spending seen rising this year amid 4G boom

Breaking Business News - 5 hours 44 min ago
PARIS/STOCKHOLM (Reuters) - Europe's telecoms equipment makers look set for an unpredictable year because of consolidation among their operator customers and a slowdown of buildouts of faster mobile networks, known as 4G, in the United States and China.

Judge fines bank whistleblowers for talking to media

Talking Biz News - 5 hours 45 min ago
A federal judge in Atlanta has fined two whistleblowers $1.6 million for speaking confidentially to members of the news media about their fraud suit against the nation’s biggest banks while it was being investigated...

Rock-Tenn, MeadWestvaco to merge, create packaging giant

Breaking Business News - 6 hours 13 min ago
(Reuters) - Packaging companies Rock-Tenn Co and MeadWestvaco Corp agreed to form a combined $16 billion company to take on market leader International Paper Co in the United States and abroad.

IBM dismisses Forbes report of massive layoffs

Breaking Business News - 6 hours 52 min ago
(Reuters) - IBM dismissed on Monday a Forbes magazine report claiming the technology firm is preparing to cut about 26 percent of its workforce, which would represent its biggest-ever layoffs.

CEO: How I got the NYTimes to write about my company

Talking Biz News - 6 hours 53 min ago
Thomas Goetz, the CEO of Iodine, writes for Inc. magazine about how he got a New York Times tech reporter to write about his company. Goetz writes, “First, I knew the Times would be...

Oil major BP freezes pay in 2015 to cut costs

Breaking Business News - 7 hours 48 min ago
LONDON (Reuters) - BP is freezing base pay across the group this year, the latest in a series of steps by oil majors to cut costs in response to sinking oil prices.