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Updated: 59 min 32 sec ago

China regulators says Qualcomm seeks to end anti-trust probe

1 hour 17 min ago
BEIJING (Reuters) - U.S. chipmaker Qualcomm Inc is seeking to end an investigation by China's pricing regulator into monopoly practices, the company said on Friday, expressing its willingness to improve and correct pricing issues according to the regulator.






Russia's MTS raises Ericsson contract to over $1.5 billion

2 hours 17 min ago
MOSCOW (Reuters) - Russia's biggest mobile phone operator MTS said on Friday it had increased its contract with Swedish telecom equipment supplier Ericsson to more than $1.5 billion.

Exclusive: Apple iPhone 6 screen snag leaves supply chain scrambling

2 hours 29 min ago
TOKYO (Reuters) - Suppliers to Apple Inc are scrambling to get enough screens ready for the new iPhone 6 smartphone as the need to redesign a key component disrupted panel production ahead of next month's expected launch, supply chain sources said.






Germany gives nod to RWE unit sale to Russian investor: sources

2 hours 33 min ago
FRANKFURT/BERLIN (Reuters) - Germany's economy ministry will approve the sale of utility RWE's oil and gas unit DEA to a Russian investor despite tensions between Russia and the West over the Ukraine crisis, two people familiar with the matter said.






Exclusive: Apple iPhone 6 screen snag leaves supply chain scrambling

2 hours 37 min ago
TOKYO (Reuters) - Suppliers to Apple Inc are scrambling to get enough screens ready for the new iPhone 6 smartphone as the need to redesign a key component disrupted panel production ahead of next month's expected launch, supply chain sources said.






Dollar flatlines ahead of Yellen, Draghi at Jackson Hole

3 hours 2 min ago
LONDON (Reuters) - The dollar was steady on Friday after its strongest weekly run since March and world stocks were near all-time highs as markets waited for steers from the Federal Reserve and ECB on diverging policy plans.






LSE unveils $1.6 billion rights issue for Frank Russell deal

3 hours 7 min ago
LONDON (Reuters) - The London Stock Exchange Group said on Friday it would raise 938 million pounds ($1.6 billion) to part fund the acquisition of U.S. indexes group Frank Russell.

Co-Op Bank losses narrow on branch closures, staff cuts

4 hours 1 min ago
LONDON (Reuters) - Britain's Co-operative Bank reported a narrower loss for the first six months of 2014 after axing jobs and closing branches following a restructuring that saw it fall under the control of bondholders.






U.S. federal prosecutors questioning GM lawyers on vehicle recalls: source

Thu, 08/21/2014 - 22:03
(Reuters) - U.S. federal prosecutors have learned that lawyers for General Motors Co were present at key meetings during which information about problems with some of its vehicles were discussed, a source close to the investigation said.






U.S. court denies Allergan bid to speed insider trading suit

Thu, 08/21/2014 - 20:37
(Reuters) - A federal judge in California on Thursday denied a request by Allergan Inc to expedite its civil suit claiming that Valeant Pharmaceuticals International Inc and Pershing Square Capital Management engaged in insider trading ahead of their bid to buy Allergan.

Citigroup facing restrictions on sales of hedge fund investments: WSJ

Thu, 08/21/2014 - 20:18
(Reuters) - Citigroup Inc has been sending hedge fund firms letters informing them that it cannot sell investments in hedge funds and private-equity funds to clients after a deal with the Securities and Exchange Commission, the Wall Street Journal reported.






Bank of America settles mortgage probes for $16.65 billion

Thu, 08/21/2014 - 19:09
WASHINGTON/NEW YORK (Reuters) - Bank of America Corp reached a record $16.65 billion settlement with the U.S. government to settle charges that it and companies it bought misled investors into buying troubled mortgage-backed securities, helping the bank close a major chapter tied to the financial crisis.






U.S. court denies Allergan bid to speed insider trading suit

Thu, 08/21/2014 - 19:07
(Reuters) - A federal judge in California on Thursday denied a request by Allergan Inc to expedite its civil suit claiming that Valeant Pharmaceuticals International Inc and Pershing Square Capital Management engaged in insider trading ahead of their bid to buy Allergan.

U.S. judge calls Argentina debt swap plan 'illegal'

Thu, 08/21/2014 - 18:48
NEW YORK (Reuters) - U.S. District Judge Thomas Griesa on Thursday called Argentina's proposed debt restructuring plan "illegal" but stopped short of holding the country in contempt, saying that would not help resolve the dispute that led to the nation's second default in a dozen years.






Exclusive: Chrysler's Ram pickup may stick with steel through 2020 - sources

Thu, 08/21/2014 - 18:19
DETROIT (Reuters) - Chrysler Group [CHRY.UL] is planning an extensive facelift of its full-size Ram 1500 pickup in spring 2017, but has no firm plans to follow rivals General Motors and Ford Motor Co in replacing steel body panels with aluminum until a complete redesign after 2020, industry sources told Reuters.

Gap raises forecast; to open 40 stores in India

Thu, 08/21/2014 - 18:04
(Reuters) - Apparel retailer Gap Inc raised its full-year profit forecast, encouraged by strong sales of its lower-priced Old Navy clothes, and said it would open 40 stores in India as part of its strategy to expand in emerging markets.






Exclusive: Lockheed, suppliers brainstorm how to lower F-35 operating costs

Thu, 08/21/2014 - 18:02
WASHINGTON (Reuters) - Lockheed Martin Corp met with 90 key suppliers last week to brainstorm ways to lower the long-term cost of operating and maintaining the F-35 fighter jets from the Pentagon's current forecast of $1.02 trillion through 2065.

S&P 500 sets record close on signs of healthier economy

Thu, 08/21/2014 - 17:19
NEW YORK (Reuters) - U.S. stocks ended higher on Thursday, with the S&P 500 at a record after a flurry of positive economic data, as investors hoped for signs from an annual meeting of central bankers that interest-rate hikes are not imminent.






Exclusive: Ouya scores Xiaomi partnership to take games to China

Thu, 08/21/2014 - 17:02
SAN FRANCISCO (Reuters) - U.S video game service Ouya is turning to Asia to capture the growth that has eluded the startup on its own home turf.






Home Depot names Craig Menear CEO

Thu, 08/21/2014 - 16:54
(Reuters) - Home Depot Inc named Craig Menear its chief executive, replacing Frank Blake, who will stay on as chairman.