Home » Business

  • China’s assembly lines still sluggish

    China’s assembly lines still sluggish

    A leading indicator measuring activity in China’s vast manufacturing sector registers a weak reading for April, suggesting a slow start to the second quarter for the world’s 2nd largest economy. Source: Reuters Business

    Continue reading »

  • Breakingviews: Investors lose appetite for China pork IPO

    Breakingviews: Investors lose appetite for China pork IPO

    The world’s largest pork producer scales back its much-trumpeted IPO following a lukewarm response from investors who balked at the valuation of the company, says Breakingviews Peter Thal Larsen. Source: Reuters Business

    Continue reading »

  • Obama’s journey East tests delicate Asian alliances

    Obama’s journey East tests delicate Asian alliances

    U.S. President Barack Obama heads to Japan kicking off an Asian tour amid simmering tension in the region. Experts say it’s time for the U.S. to reaffirm its pivot to Asia. Yonggi Kang reports. Source: Reuters Business

    Continue reading »

  •  
  • David Gaud of Edmond de Rothschild discusses the latest HSBC China flash manufacturing PMI, and the impact of the RMB’s depreciation on China’s economy.

    David Gaud of Edmond de Rothschild discusses the latest HSBC China flash manufacturing PMI, and the impact of the RMB’s depreciation on China’s economy.

    David Gaud of Edmond de Rothschild discusses the latest HSBC China flash manufacturing PMI, and the impact of the RMB’s depreciation on China’s economy. Source: Reuters Business

    Continue reading »

  • Juniper’s Revenue Rises As Telecom Clients Ramp Up Networks

    Juniper’s Revenue Rises As Telecom Clients Ramp Up Networks

    Network gear maker Juniper Networks Inc reported a higher-than-expected 10 percent rise in quarterly revenue as U.S. telecom carriers spent more to ramp up their networks to manage increasing data traffic on smartphones and tablets. Juniper’s revenue from telecom customers, including Verizon Communications Inc and AT&T Inc,rose about 10 percent in the first quarter ended March 31.The telecom services business accounted for more than two-thirds of Juniper’s total revenue. Source: wochit business

    Continue reading »

  • UAW’s Stand-Down In Tennessee May Signal Its Ultimate Demise

    UAW’s Stand-Down In Tennessee May Signal Its Ultimate Demise

    It’s remarkable how fast the triumphalist vision of United Auto Workers President Bob King is crumbling. The union’s decision this week to stop contesting the vote in Chattanooga comprises a strategic rather than merely tactical retreat, representing nothing less than the UAW’s concession that it will never organize a foreign-owned auto plant in this country. And the move further weakens the union overall as it heads into next year’s big contract talks with the Detroit Three. Source: wochit business

    Continue reading »

  •  
  • Earnings give momentum back its mojo

    Earnings give momentum back its mojo

    Summary: Market friendly earnings from momentum players like Netflix and Gilead, along with a Facebook upgrade before its results, propel stocks back toward record levels. Conway G. Gittens reports. Source: Reuters Business

    Continue reading »

  • Citigroup’s Leaders Say Company Needs To Simplify Itself

    Citigroup’s Leaders Say Company Needs To Simplify Itself

    The two men at the top of Citigroup Inc ,the third-biggest U.S. bank and the most international, acknowledged on Tuesday that the company must do more to simplify itself. Asked at an annual meeting of shareholders whether Citigroup is too big to manage, Chairman Mike O’Neill said the task “is certainly harder” for its size and that the company has more years of work in a drive to reduce risk and complexity that started when the company was bailed out

    Continue reading »

  • Is Aereo must pay TV?

    Is Aereo must pay TV?

    The future of both television and cloud computing was at stake when the U.S. Supreme Court heard arguments from broadcasters and web TV start up Aereo, about payments to transmit content. Bobbi Rebell reports. Source: Reuters Business

    Continue reading »

  •  
  • New Details On Tactus’ Funding

    New Details On Tactus’ Funding

    Tactus chief executive Craig Ciesla said that the company raised $13.5 million in its Series B round, with ThomVest as the lead investor, with Ryoyo, Wistron and other undisclosed strategic and financial investors participating. Ciesla says that the company is using the money to scale up its production in the wake of the Wistron partnership. While the company sees the greatest demand in mobile computing, Ciesla says the company will look beyond mobile devices to the automotive space to solve

    Continue reading »

  • Yum! Shares Pop On Strong China Sales, High Hopes For Waffle Tacos

    Yum! Shares Pop On Strong China Sales, High Hopes For Waffle Tacos

    Yum! Brands made waves in late March when its Taco Bell restaurant chain started serving breakfast — waffle tacos specifically — in an effort to take a bite out of McDonald’s morning meal dominance. In a call following McDonald’s first quarter earnings report Tuesday morning, CEO Don Thompson shot down the notion that newcomers could beat Mickey D’s at a game it has been playing for 30 years. Source: wochit business

    Continue reading »

  • AT Earnings Unchanged, But Revenue Grows In 1Q

    AT Earnings Unchanged, But Revenue Grows In 1Q

    AT&T says its first quarter earnings were unchanged from the first three months of last year, but revenue grew as the wireless business added more than 1 million subscribers. First-quarter net income was $3.7 billion, or 70 cents per share, compared with $3.7 billion, or 67 cents, a year earlier, when AT&T had more shares outstanding. Revenue grew 4 percent to $32.5 billion, better than the $32.4 billion analysts expected. Source: wochit business

    Continue reading »

  •