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Updated: 10 sec ago

BOJ shocks markets with surprise easing as inflation slows

18 min ago
TOKYO (Reuters) - The Bank of Japan surprised global financial markets on Friday by expanding its massive monetary easing as economic growth and inflation have not picked up as expected after a sales tax hike in April.






Sony reports narrower second-quarter loss than estimated on strong PlayStation 4 sales

20 min 16 sec ago
TOKYO (Reuters) - Japan's Sony Corp reported a second-quarter operating loss on Friday that was narrower than analysts had estimated, as blockbuster sales of its PlayStation 4 games console reduced the impact of a sluggish smartphone division.

Japan shares soar, yen skids after BOJ stuns with more easing steps

59 min 7 sec ago
TOKYO (Reuters) - Japanese stocks jumped more than 5 percent and the yen skidded to nearly seven-year lows against the dollar on Friday after the Bank of Japan surprised markets with fresh easing steps that it called a pre-emptive move to stoke inflation.

Wal-Mart to expand discounts as retail price war heats up

2 hours 28 min ago
(Reuters) - Wal-Mart Stores Inc said it will expand its offering of discounted products during the holiday season and may broaden a price-matching scheme to include online rivals, in the latest sign of an escalating price war among big U.S. retailers.

Samsung Electronics seeks China turnaround, unveils mid-tier handsets with premium feel

Thu, 10/30/2014 - 23:15
SEOUL (Reuters) - Samsung Electronics Co Ltd unveiled two new mid-tier handsets with a premium design as it prepared to deliver a riposte to its low-priced Chinese rivals and reclaim its title as the top brand in the world's biggest smartphone market.






Citigroup sets aside $600 million more to cover legal costs

Thu, 10/30/2014 - 20:11
(Reuters) - Citigroup Inc said it was setting aside an extra $600 million to cover legal expenses in the third quarter due to "rapidly evolving regulatory inquiries," while also disclosing that it was subject to foreign exchange market probes.






World Bank to cut 500 jobs in some units as part of revamp

Thu, 10/30/2014 - 20:01
WASHINGTON (Reuters) - The World Bank said it plans to cut 500 jobs over the next three years as part of a broad restructuring meant to make it more efficient but that has rattled employees.

Wall St. up on GDP, earnings; fund year-end lifts winners

Thu, 10/30/2014 - 19:39
NEW YORK (Reuters) - U.S. stocks rose on Thursday, boosted by a strong reading on quarterly economic growth and by another round of upbeat earnings reports including Visa, which accounted for nearly 140 points in the Dow industrials.






Citigroup sets aside $600 million more to cover legal costs

Thu, 10/30/2014 - 19:22
(Reuters) - Citigroup Inc said it was setting aside an extra $600 million to cover legal expenses in the third quarter due to "rapidly evolving regulatory inquiries," while also disclosing that it was subject to foreign exchange market probes.






Starbucks Americas sales disappoint on softer traffic

Thu, 10/30/2014 - 19:20
(Reuters) - Starbucks Corp's early re-launch of its popular Pumpkin Spice latte drink failed to heat up business at its U.S. cafes, disappointing Wall Street and sending the company's shares down almost 5 percent.






Hiring business drives LinkedIn's revenue beat

Thu, 10/30/2014 - 19:10
(Reuters) - Corporate networking site LinkedIn Corp reported better-than-expected quarterly profit and revenue as more businesses used its services to hire staff.

Western Union beats as more people use Web, mobile money transfer

Thu, 10/30/2014 - 18:10
(Reuters) - Western Union Co , the world's largest money-transfer company, reported a better-than-expected quarterly profit as lower prices drew more customers, particularly to its digital money transfer business.






Hiring business drives LinkedIn's revenue beat

Thu, 10/30/2014 - 17:31
(Reuters) - Corporate networking site LinkedIn Corp reported better-than-expected quarterly profit and revenue as more businesses used its services to hire staff.

Trade, defense buoy U.S. economy, but some weakness creeps in

Thu, 10/30/2014 - 16:36
WASHINGTON (Reuters) - A smaller trade deficit and surge in defense spending buoyed U.S. economic growth in the third quarter, but domestic demand slipped, hinting at some loss of momentum.

U.S. regulator to Takata: Give us faulty air-bag documents

Thu, 10/30/2014 - 15:55
DETROIT (Reuters) - U.S. auto safety regulators on Thursday ordered Japanese supplier Takata Corp to provide documents and answer questions under oath related to the government's ongoing probe of potentially defective Takata air bags in millions of U.S. vehicles.






Conoco sees third-quarter profit rise, 2015 capex seen lower

Thu, 10/30/2014 - 14:47
(Reuters) - ConocoPhillips , the largest U.S. independent oil and gas company, on Thursday reported higher third-quarter profit after the sale of its Nigerian unit and said overall spending would decline next year, partly in response to falling crude oil prices.






Wal-Mart to close 30 underperforming stores in Japan, take charge

Thu, 10/30/2014 - 14:28
(Reuters) - Wal-Mart Stores Inc said on Thursday it would close 30 underperforming stores in Japan, scaling back in what was once considered one of the retailer's most promising markets and highlighting the hurdles it faces to securing growth overseas.






Raymond James reports strongest recruiting year since 2009

Thu, 10/30/2014 - 13:38
NEW YORK (Reuters) - Brokerage and investment bank Raymond James Financial Inc just completed its best broker recruiting year since 2009, the firm reported on Thursday.

Efforts to replace Fed hawks Plosser, Fisher pick up speed

Thu, 10/30/2014 - 13:22
(Reuters) - Two regional Federal Reserve banks have taken steps to replace their hawkish presidents, Charles Plosser and Richard Fisher, whose departures early next year could change the tenor of debate within the U.S. central bank's policy-setting committee.

Whirlpool wins first trial over 'moldy' washers

Thu, 10/30/2014 - 13:06
NEW YORK (Reuters) - Whirlpool Corp was found not liable Thursday by a U.S. jury in the first lawsuit to go to trial accusing the company of selling front-loading washing machines containing a design flaw that made them prone to developing mold.