Asian factory blues deepen in June, exports drop

Asian factories were buffeted by stronger growth headwinds in June, as crumbling foreign and domestic demand knocked activity in China to multi-month lows and shrank orders for Indian producers for the ...

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Nokia to take full control of network venture for $2.2 billion

Nokia will pay $2.2 billion to buy out partner Siemens AG in their network equipment joint venture, a deal that is likely to bring some stability to the company after it stumbled in smartphones. Loss-making ...

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Investment adviser opposes McKesson CEO's re-election: WSJ

A union pension adviser opposes the re-election of drug wholesaler McKesson Corp.'s chief executive, citing excessive pay and the failure to heed a shareholder advisory vote to split the chairman and chief ...



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Toyota heir takes center stage in drive to shed 'boring' tag

Toyota Motor Corp executives have sometimes seemed to share the personality of the automaker's best-selling cars - dependable and efficient, but also a bit boring and bland. That's changing. In recent ...

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Smartphones: Why Size Matters

Some people worry their smartphone is making them stupid. It might be worse than that: Your phone might be making you wimpy, too. A new study by two Harvard Business School researchers finds that the size of your digital device … Continue reading →

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Analysis: Shale oil storm blows U.S. tanker trade out of doldrums

Thanks to the U.S. shale energy boom, the once-quiet niche of U.S.-flagged oil tankers is in unprecedented flux. A half-dozen vessels that typically carried gasoline to Florida are now rushing crude oil ...

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Singapore home prices up again, suburbs seen most vulnerable to correction

Singapore home prices rose for a fifth straight quarter in the three months to June, and analysts said owners and developers of private apartments in the outer suburbs appear most at risk should the property ...

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Analysis: Latest Barrick mine delay fans price tag fears

Barrick Gold Corp has slowed spending at its Pascua-Lama project in South America, delaying first output to 2016, but that may not be enough for the its shareholders, who worry that the final price tag ...

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China HSBC PMI slips to nine-month low of 48.2 in June

China's factory activity shrank for a second straight month in June and reached its lowest in nine months as new orders fell despite price cuts by producers, a private survey showed on Monday, reinforcing ...

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Stocks soggy as Fed tapering worries linger, China eyed

Asian stocks got off to an uninspired start on Monday, while the U.S. dollar held firm at one-month highs after an influential Federal Reserve official suggested September could be the beginning of the ...

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Japan big manufacturers' mood turns positive: BOJ tankan

Japanese manufacturers' sentiment turned positive in the three months to June for the first time in nearly two years, a closely-watched central bank survey showed, a sign the recent market turbulence has ...

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Greece, lenders resume talks on 8.1 billion euro bailout tranche

Greece and its international lenders resume talks to unlock 8.1 billion euros of rescue loans on Monday after a two-week break in which the government almost collapsed over bailout-related firings at state ...

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Onyx explores possible sale after rejecting Amgen offer

Cancer drugmaker Onyx Pharmaceuticals Inc said on Sunday it rejected a roughly $10 billion takeover offer from larger biotechnology company Amgen Inc as too low but still is considering selling itself. ...



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Nokia agrees to buy Siemens' stake in NSN joint venture: Bloomberg

Mobile handset maker Nokia has reached a deal to buy German industrial conglomerate Siemens' stake in their telecoms equipment joint venture, Nokia Siemens Networks, Bloomberg reported on Sunday, citing ...

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Greece, lenders resume talks on 8.1 billion euro bailout tranche

Greece and its international lenders resume talks to unlock 8.1 billion euros of rescue loans on Monday after a two-week break in which the government almost collapsed over bailout-related firings at state ...

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Blackstone, Lion Capital to bid for GSK's Lucozade, Ribena: report

Private equity firms Blackstone and Lion Capital have teamed up to make a formal bid worth more than a billion pounds for Lucozade and Ribena, the two soft drink brands put up for sale by drugmaker GlaxoSmithKline ...

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Toyota heir takes centre stage in drive to shed 'boring' tag

Toyota Motor Corp executives have sometimes seemed to share the personality of the automaker's best-selling cars - dependable and efficient, but also a bit boring and bland. That's changing. In recent ...

via Business & Finance News - Yahoo! Finance http://finance.yahoo.com/news/toyota-heir-takes-centre-stage-213128669.html

Alabama county files exit plan to end $4.2 billion bankruptcy

Alabama's Jefferson County on Sunday filed a negotiated restructuring plan to wind up America's largest municipal bankruptcy and lock in losses of as much as 70 cents on the dollar for JPMorgan Chase and ...



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Exclusive: Bear market in gold pummels Einhorn's Greenlight fund

Investors in David Einhorn's Greenlight Capital Management's offshore gold fund were down 11.8 percent in June, bringing their year-to-date losses in the fund to 20 percent, two sources close to the matter ...

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The Fed and China churn already choppy waters

Data this week will add spice to speculation as to when the U.S. Federal Reserve will start scaling back its stimulus while reinforcing the realization that China is serious about shifting to a less frantic ...



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Onyx Pharma rejects buyout offer from Amgen

Onyx Pharmaceuticals Inc on Sunday confirmed it had rejected an offer from Amgen Inc to buy the company for $120 a share in cash. The company said that the offer price "significantly undervalued" ...



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Cuba's non-farm co-ops debut this week amid move toward markets

One hundred state-run produce markets and 26 other establishments were scheduled to become private cooperatives on Monday as Communist-run Cuba continues to shed secondary economic activity in favor of ...

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VDM sale attracts bids from financial investors, paper

Finnish stainless steelmaker Outokumpu's efforts to sell VDM, its high-performance alloys business, has attracted preliminary bids mainly from private equity firms such as Triton, Apollo and KPS Capital, ...

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Brazil to raise taxes to offset any future subsidies: minister

Brazil will raise taxes or cut public spending to compensate for any future subsidies it offers to support struggling sectors, Finance Minister Guido Mantega told a local newspaper in an interview published ...

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Buckle Up! Expect More Market Volatility This Year

Markets in the second half could be driven by more volatility.

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U.S. Energy Department pledges action in handling gas export applications

Energy Secretary Ernest Moniz said on Sunday he expected to have a "fair amount of action" during 2013 in evaluating applications by companies to export natural gas from the United States. "I'm ...

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Analysis - The buyers are back, Canada housing market defies doomsayers

Daniel DiManno sold his Toronto house for less than he had hoped and wanted to see if prices would cool before he bought a new one. But Canadian mortgage rates are rising again and that's spurring DiManno ...

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Bumi considers selling Bakries' stake in market for cash: report

Indonesia-focused coal miner Bumi Plc is considering selling the 23.8 percent stake held by Indonesia's Bakrie family in the market for cash, instead of a previous plan to cancel the shares, a report on ...

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Bahrain economic growth accelerates strongly in first quarter

Bahrain's economic growth accelerated strongly in the first quarter of 2013, helped by a revival of oil output, official data showed on Sunday. Gross domestic product, adjusted for inflation, expanded ...



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Schmolz+Bickenbach chairman throws in the towel: paper

Swiss steelmaker Schmolz+Bickenbach's chairman acknowledged that Russian tycoon Viktor Vekselberg had won a long-running power struggle over the indebted firm, in a statement published in a newspaper on ...

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Spain lenders brace for tough year-end as new rules bite

Spanish lenders are bracing for lower profits and dividends and a tougher funding environment under new rules meant to prepare them for pan-European supervision next year and avoid a repeat of last year's ...

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Analysis - After selloff, some dip toes back in emerging markets

The threat of less central bank stimulus and higher interest rates has crushed emerging markets more than most assets in the past two months, in some cases slashing the value of stocks and bonds in developing ...

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Fund firms' boycott threat could hurt Lloyds stock sale

Just as Britain's government is trying to clear a path for the politically sensitive sale of its 39 percent stake in Lloyds bank, resentment is brewing among the investors who would be expected to buy ...

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Irish banker apologizes for taped comments

An Irish banker taped saying he would demand cash from authorities to keep operating and making light of a 2008 bailout, prompting criticism around Europe, apologized for his comments in an interview published ...

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Axel Springer eyes cost cuts of over 20 million euros: CEO

Germany's Axel Springer , Europe's largest newspaper publisher, is targeting at least 20 million euros of savings in a restructuring plan, its chief executive was quoted as saying. Chief Executive Mathias ...

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U.S. investigating brake problem with some Honda Odysseys

The U.S. National Highway Traffic Safety Administration is investigating a potential braking issue with Honda Motor Co's Honda Odyssey minivans that could cause them to brake without the driver touching ...

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Poland economic policy to protect growth:Tusk

Prime Minister Donald Tusk said the government will run an economy balanced between fiscal discipline and economic expansion, signaling it will not sacrifice growth to spending cuts. The former communist ...

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Siemens to cut 1,700 jobs in energy operations: report

Siemens is expected to cut around 1,700 jobs in the restructuring of its energy business, a German magazine reported on Saturday, citing an unnamed senior manager. WirtschaftsWoche said the unit's main ...

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France to seek 14 billion euros in cuts next year: paper

France will pursue 14 billion euros in spending cuts next year as it attempts to reduce the public deficit to 3 percent of economic output by 2015, Le Monde reported. France's Socialist government aims ...

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German finance minister slams Irish bankers as 'aloof super humans'

German Finance Minister Wolfgang Schaeuble slammed Irish bankers caught on tape joking about a bailout, calling them "aloof super humans" worthy of contempt. Schaeuble's remarks quoted by an ...

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Jordan's first quarter economic growth rises to 2.6 percent

Economic growth in Jordan picked up to 2.6 percent year-on-year in the first quarter from 2.2 percent in the fourth quarter, central statistics office data showed on Saturday. The International Monetary ...

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Hugo Boss eyes Asia for one fifth of group sales: report

German fashion house Hugo Boss wants its Asian business to lift its contribution to group sales to 21 percent from 15 percent by 2015, Chief financial Officer Mark Langer told Boersen-Zeitung newspaper. ...

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Consumer sentiment ends June to near six-year high

Consumer sentiment improved in late June, ending the month close to a near six-year high set in May, as optimism among higher-income families rose to its strongest level in six years, a survey released ...

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ThyssenKrupp mulls selling part of European steel business, paper

ThyssenKrupp , Germany's biggest steelmaker, is examining the possibility of selling part of its European steel business to an investor, Rheinische Post newspaper said on its website on Saturday, citing ...

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RCS Mediagroup may be split into three after cash call: report

RCS Mediagroup , the publisher of influential Italian newspaper Corriere della Sera, could be split into three units after a capital hike that is changing the balance of power among its shareholders, La ...



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Deutsche Bank settles L.A. claims on foreclosure blight

Deutsche Bank said it has settled a lawsuit with the U.S. city of Los Angeles that accused the bank of allowing hundreds of foreclosed properties to deteriorate into slum conditions and destabilize communities. ...

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ECB 'looking carefully' at forward guidance: report

The European Central Bank is looking carefully at forward guidance but it is too early to say whether it will be used more extensively, executive member of the ECB's executive board Benoît Cœuré told The ...

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Russian tycoon bids for control of Swiss steelmaker

Russian tycoon Viktor Vekselberg has launched a bid to control Swiss steelmaker Schmolz+Bickenbach after he failed to win support from shareholders to raise more capital and install his preferred candidate ...

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South Korea extends bidding on $7.3 billion fighter jet project: media

South Korea has extended bidding on a $7.3 billion fighter jet project after a second round of bidding ended on Friday with three aviation makers offering prices above the estimated cost, South Korea's ...



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Ford, Chrysler counter GM with new V6 pickups for 2014

The battle in six-cylinder pickups takes an interesting twist this fall with the launch of the 2014 Ford F-150 Tremor and the 2014 Ram 1500 EcoDiesel. Both trucks feature turbocharged V6 engines, but take ...



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Wall Street Watchdog Scraps Controversial Supervision Plan

Wall Street's industry-funded watchdog has scrapped a controversial plan that would have required brokerages to supervise business lines that are not related to the securities industry, according to a ...



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Chinese Firm Attempted 'Corporate Homicide' Against American Software Maker: U.S. Attorney

Every week it seems brings a story of a Chinese company being accused of stealing intellectual property from an American firm. But the charges being levied against China’s Sinovel Wind Group take this trend to a new, and disturbing, level. U.S. Attorney John Vaudreuil accused Sinovel of “attempted corporate homicide," describing a “well-planned attack on [...]



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Private equity circles MoneyGram: sources

Carlyle Group LP and TPG Capital LP are among private equity firms vying for MoneyGram International Inc , the world's second-largest money transfer company, four people familiar with the matter said this ...



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Ford recalls 13,100 Explorer, Taurus and MKS models

Ford Motor Co. said Friday it is recalling more than 13,100 Ford Explorer, Taurus and Lincoln MKS models because the child safety locks on the rear doors may not work properly. The recall affects 2013 ...



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Chrysler begins building 2014 Jeep Cherokee in Ohio

Chrysler Group LLC said it began commercial production this week of its all-new 2014 Jeep Cherokee in Toledo, Ohio. The 2014 Cherokee, which shares many of its mechanical components with Chrysler's Dodge ...

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NY's Top Court: Starbucks Baristas Must Share Tips

Starbucks baristas must share their tips with shift supervisors but not with assistant managers, New York's highest court said Wednesday in a ruling that could affect how employees are paid in tens of ...

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Switzerland charges man with selling bank's client data to Germany

Swiss prosecutors have charged a German IT expert with selling client data from private bank Julius Baer in Zurich to the German tax authorities, they said on Friday. The man, who was arrested last July ...



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Wall Street Analysts Drubbed on Blackberry Calls

BlackBerry reported a 'surprise' quarterly loss Friday, sending its shares plummeting 27% and providing yet another tough lesson for investors: Ignore the Wall Street hype machine.

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Why College Grads Get Stuck With Lousy Jobs

It’s tough being a young worker in today’s difficult job market. But if your parents tell you it was even tougher when they were your age, don’t roll your eyes and write them off. They might just be right.

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What Money Market Changes Mean for You

After 40 mostly unexciting years, the Securities and Exchange Commission has recently taken steps to tighten oversight of the $2.6 trillion dollar business of money market funds.

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Former Tesco chairman says turnaround could take three years

A former chairman of Tesco , the world's No.3 retailer, said that restoring the store group's fortunes could take up to three years and appealed to investors to give Chief Executive Phil Clarke sufficient ...

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UBS France CEO eyes growth despite tax probe

An internal review by UBS's French unit into allegations that it sold products designed to evade taxes has yet to find evidence of law-breaking, the Swiss bank's French chief told Reuters on Friday. Putting ...

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Stocks Slip in Early Trade After Three-Day Surge

U.S. stocks are getting off to a slow start after a three-day rally. The Dow Jones industrial average was down 49 points, or 0.4 percent, at 14,973 in the first few minutes of trading Friday.

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Consumer sentiment improves in late June

U.S. consumer sentiment improved in late June, ending the month close to a near six-year high set in May, as optimism among higher-income families rose to its strongest level in six years, a survey released ...

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