TORONTO The owner of adultery website Ashley Madison had already been struggling to sell itself or raise funds for at least three years before the publication of details about its members, according to internal documents and emails also released by hackers as ... More »
SAN FRANCISCO In 2009, Eugene Kaspersky, co-founder of one of the world’s top security companies, told some of his lieutenants that they should attack rival antivirus software maker AVG Technologies N.V. (AVG.N) by “rubbing them out in the outhouse,” one of se... More »
NEW YORK Microsoft Corp avoided a potentially costly setback to its mobile phone business on Friday as the U.S. International Trade Commission declined to block the import of its devices in a longstanding patent dispute. The decision rejected a ruling in April... More »
SAN FRANCISCO Uber Technologies Inc [UBER.UL] has hired two top vehicle security researchers, the company said on Friday, high-profile additions that come as the ride-hailing service ramps up its work on technology for self-driving cars. Charlie Miller, who ha... More »
, Brussels – The European Commission will launch a study in September of the ride-hailing app Uber in an effort to settle legal disputes that have pitched the U.S. start-up against conventional taxis across Europe, three people familiar with the matter said on... More »
LONDON Rebekah Brooks will return to her old job heading Rupert Murdoch’s British newspaper division, the Financial Times reported, just over a year after being cleared of criminal charges in a phone-hacking scandal. Her return to News Corp could be as soon as... More »
TORONTO Bank of Nova Scotia, which reported a quarterly profit that beat market expectations on Friday, said bad loans in the energy sector climbed as the oil price selloff took a toll. Shares of Scotiabank, Canada’s third-largest bank, were down nearly 1 perc... More »
NEW YORK Traders priced in a more than 1-in-2 chance the U.S. Federal Reserve would raise interest rates in October after Atlanta Federal Reserve President Dennis Lockhart suggested the Fed could consider such a move. In over-the-counter trading, overnight ind... More »
MOUNTAIN VIEW, Calif. U.S. Defense Secretary Ash Carter awarded $75 million on Friday to help a consortium of high-tech firms and researchers develop electronic systems packed with sensors flexible enough to be worn by soldiers or molded onto the skin of a pla... More »
BNY Mellon Corp’s (BK.N) computer glitch this week has disrupted pricing on nearly 5 percent of U.S. mutual funds and exchange-traded funds with about $404 billion in assets, according to data from Morningstar Inc and Lipper Inc. On Thursday, for example, 1,30... More »
Charles Schwab Corp said that customer access to online accounts was restored on Friday morning, just minutes before U.S. stock markets opened for trading. Earlier, the company said access to accounts and online trading platforms were unavailable. The problem,... More »
LONDON/BOSTON Investors are being poorly served by a haphazard approach from fund managers to the growing threat of cyber crime damaging the companies in which they invest, with a lack of clarity from the businesses themselves compounding the problem. Banks ha... More »
College and professional athletes may be clients financial advisers love to get, but many also find good homes on the other side of the desk. Penn Mutual Life Insurance Company, for example, is discovering that its three-year, $1.5 million sponsorship, through... More »
BOSTON Hedge fund mogul William Ackman’s Pershing Square Holdings portfolio fell 13.1 percent this month, leaving the fund down 4.3 percent for the year, the firm said on Thursday. The performance numbers cover returns through Tuesday, Aug. 25. On Wednesday, A... More »
MELBOURNE, Fla. Former astronaut Buzz Aldrin, one of the first Americans to land on the moon, will spearhead a new research institute in Florida aimed at paving a path toward Mars exploration and settlement, officials said on Thursday. The Buzz Aldrin Space In... More »
BERLIN Knut, the star polar bear who was hand-reared at Berlin zoo after his mother rejected him, had a type of auto-immune inflation of the brain that is found in humans, scientists said on Thursday. Knut, who was just four when he drowned at the zoo in 2011,... More »
LONDON The piano used to play the glissando that kicks off ABBA’s disco hit “Dancing Queen” will be one of the star attractions at a rock and pop auction at Sotheby’s next month where it is expected to sell for up to 800,000 pounds ($1.24 million). The instrum... More »
WARSAW U.S. media group Scripps Networks Interactive (SNI.N) bought nearly all remaining shares in Polish broadcaster TVN TVN.WA, planning to delist the company from the Warsaw bourse GPW.WA, a brokerage running the deal said on Thursday. SNI, which already ow... More »
BERLIN A Greek exit from the euro zone was a possibility and remains a threat if Athens does not fulfill the conditions of its third bailout agreement, the head of the European Stability Mechanism said on Thursday. “This threat as a possibility must always be ... More »
SHANGHAI China’s Bank of Communications Co Ltd, the country’s fifth-largest listed bank by assets, reported a 1.5 percent rise in first half net profit, even as its bad debts continued to rise. BoCom on Thursday posted a net profit of 37.32 billion yuan ($11.0... More »
FRANKFURT European broadcaster RTL will focus on buying online businesses and content producers as it seeks to build itself into a video powerhouse that goes beyond traditional broadcast, its finance chief told Reuters on Thursday. RTL has TV and radio channel... More »
BOSTON Investors in Discovery Communications Inc, including Manning & Napier Inc and BlackRock Inc, withheld support for a member of the company’s compensation committee, recent securities filings show, after the cable network operator gave its CEO the richest... More »
SANTIAGO When the creators of an elaborate 2013 Cadillac commercial began to scout for shooting locations three years ago, they began in Argentina, where varied landscapes and creative talent had long attracted ad producers. But when it came time to import the... More »
WASHINGTON U.S. Federal Communications Commission Chairman Tom Wheeler on Wednesday called for an emergency meeting with Dish Network Corp and Sinclair Broadcast Group Inc over the continuing blackout affecting 129 TV stations. Sinclair, the largest U.S. broad... More »
MILAN A 1896 film of a woman plucking babies from a cabbage patch marks a whimsical start to a Milan exhibition that examines artistic representations of motherhood, but the mood turns more sinister as the show moves into the 20th century. “The Great Mother” r... More »
Dish Network Corp said subscribers have lost access to more than 100 local stations due to a distribution dispute with Sinclair Broadcast Group Inc, affecting viewers of a string of ABC, CBS, Fox, and NBC channels. Dish said 129 stations in 36 states and the D... More »
SHANGHAI Chinese stocks tumbled again on Tuesday, despite a rebound in markets elsewhere in Asia, as investors despaired at the lack of policy action from Beijing in response to recent data suggesting the downturn in the world’s second-largest economy is deepe... More »
BERLIN French Economy Ministry Emmanuel Macron said on Tuesday developments in China pose a risk that should not be underestimated. He was speaking at an event with German Foreign Minister Frank-Walter Steinmeier in the German capital. (Reporting by Andreas Ri... More »
SHANGHAI， China’s yuan dipped against the dollar on Tuesday after closing at its weakest level since 2011 on Monday, hit by another slump in the mainland’s stock market and a weak central bank midpoint. Traders said they believed the yuan’s current range betwe... More »
LONDON Volatile global markets got some respite from the latest blood-letting on Tuesday as bargain hunters nudged up Asian and European stocks, though China, at the center of the rout, was smashed again. The dollar and oil prices saw their first rises in five... More »
BEIJING China said it would launch a three-month crackdown on underground banking to curb money-laundering and illegal funds transfers as unstable markets stoke fears of capital flight. Worries over China’s economic slowdown and possible interest rate rises by... More »
SINGAPORE Crude oil markets recovered slightly on Tuesday after a 6 percent drop in the prior session, although prices held near 6-1/2-year lows as continued weakness in Chinese equities triggered fears of an economic tailspin in the region. While global marke... More »
ZURICH Syngenta AG, the Swiss agricultural chemicals maker, was seen opening up more than 7 percent after a source said Monsanto Co. had sweetened its takeover offer, according to premarket indicators in Zurich. U.S.-based Monsanto increased its offer to buy S... More »
SINGAPORE/TOKYO The dollar rose against the yen on Tuesday, pulling up from a slide to seven-month lows the previous day, but the outlook remained clouded by worries of a China-led slowdown in global growth. Traders said a rise in U.S. stock index futures and ... More »
BEIJING Boeing Co (BA.N) on Tuesday raised its forecast for China’s aircraft demand over the next 20 years despite a slowing economy and a tumbling stock market that have triggered a worldwide slide in equity and commodity prices. The U.S. plane maker expects ... More »
FIFA have dismissed claims by Indonesia that they will visit Jakarta in October with a view to overturning the soccer ban on the Southeast Asian nation for government interference. Indonesian Youth and Sports Minister Imam Nahrawi said on Friday FIFA would sen... More »
TORONTO/OTTAWA Canadian banks are expected to begin feeling the impact of an extended downturn in the energy sector as they exercise caution with new and existing loans to companies and individuals. Investors will this week be poring over the balance sheets an... More »
SEOUL North and South Korea agreed early on Tuesday to end a military standoff that sparked an exchange of artillery fire and had ratcheted up tension on one of the world’s most heavily-fortified borders. Under an accord reached in the early hours, following m... More »
(James Saft is a Reuters columnist. The opinions expressed are his own) By James Saft (Reuters) – Future risk-adjusted returns look poor from here, but if the Federal Reserve deploys its safety net they will be worse still. Monday’s savage markets selloff inev... More »
WASHINGTON President Barack Obama, fresh from vacation and nine rounds of golf in Martha’s Vineyard, launched into a busy two weeks promoting renewable energy and his nuclear deal with Iran. With the U.S. presidential election campaign and China’s slumping sto... More »
SEOUL SK Hynix Inc, the world’s No. 2 DRAM chip maker, on Tuesday said it plans to spend 31 trillion won ($25.94 billion) to build two new chip plants in South Korea, aiming to update its production technologies to boost competitiveness. The firm, which compet... More »
Infidelity website Ashley Madison and its parent company have been sued in federal court in California by a man who claims that the companies failed to adequately protect clients’ personal and financial information from theft, saying he suffered emotional dist... More »
WASHINGTON U.S. Air Force Secretary Deborah James on Monday said a contract for a new long-range bomber would be awarded soon, and the project would not be considered a “new start” program that could be halted if Congress fails to pass a budget for fiscal 2016... More »
Sears Holdings Corp (SHLD.O) named a former Johnson & Johnson (JNJ.N) executive to a new position as president of “hardlines” as the struggling retailer tries to stem the declining market positions of the Kenmore, Diehard and Craftsman brands. The new executiv... More »
TOKYO Japanese Finance Minister Taro Aso warned market players against pushing up the yen too much further, saying that its spike against the dollar overnight was “rough” and undesirable for the economy. Aso said that while there was no immediate plan for G20 ... More »
Mac Sykes, an analyst at asset management firm Gabelli & Co, spent Sunday evening, the second night of his summer vacation in New England, watching stock prices tank. “I went to bed close to midnight and was up again around 4:30 am,” said Sykes, who works at G... More »
NEW YORK Wall Street’s selloff on Monday, sparked by a near-9 percent dive in Chinese shares, was a long-overdue correction that analysts said is unlikely to undermine support for U.S. stocks going forward. “We are unlikely to be going into a bear market,” sai... More »
SAN FRANCISCO The security researcher who hacked into a moving Jeep earlier this year has resigned as an engineer at Twitter Inc (TWTR.N) after three years on the job, a person familiar with the matter said. Charlie Miller, a former National Security Agency ha... More »
Investors rattled about China sent U.S. stock indices almost 4-percent lower on Monday in an unusually volatile session that confirmed the S&P 500 was formally in a correction, even after a dramatic rebound by Apple. The Dow Jones industrial average briefly sl... More »
General Electric Co (GE.N) said on Monday it was cutting 262 more jobs at its Lufkin oil unit in Texas and closing a foundry as it grapples with the plunge in global oil prices. GE earlier this year said it planned to eliminate some 575 jobs from Lufkin, bring... More »
TOKYO Tom Scott, a former U.S. executive at Toshiba Corp (6502.T), remembers his former boss Atsutoshi Nishida as an aggressive leader who could motivate staff but also rattle them with tough sales targets and an occasional dressing down. “He gave me goals tha... More »
(Reuters Health) – Taking one or two baby aspirins a day for at least five years was tied to a lower risk of colorectal cancer in a study from Denmark. Earlier studies had suggested that aspirin and non-steroidal anti-inflammatory drugs (NSAIDs) such as ibupro... More »
NEW YORK Confidence among affluent investors was already slipping before the stock market rout in China sent U.S. markets plunging last week and on Monday, according to a monthly index calculated by Spectrem Group, a Chicago-based research company. Yet when st... More »
WASHINGTON Jostling for position in the U.S. presidential race, candidates on Monday blamed Wall Street elites, the Federal Reserve, exposure to China, and President Barack Obama’s spending policies for the market contagion from China’s stock-market plunge. As... More »
NEW YORK/BOSTON With Chinese stocks down nearly 9 percent on Monday and Latin American countries already hurting, some top-performing emerging market fund managers are throwing in the towel when it comes to playing once-hot overseas growth stories. Instead, th... More »
NEW YORK DoubleLine Capital co-founder Jeffrey Gundlach, widely followed for his investment calls, warned on Monday that the U.S. equity markets face another round of selling pressure. “The U.S. stock market is in a mode of uncertainty, at best,” Gundlach said... More »
BlackRock Inc’s (BLK.N) chief investment officer of fundamental fixed income, Rick Rieder, believes the window for the U.S. Federal Reserve to raise interest rates is closing, he said in an interview on Monday. While Rieder hopes the Fed will still begin raisi... More »
NEW YORK (Reuters Health) – Too few women and minorities are entering certain medical specialties in the U.S., researchers say. Diversifying the physician workforce may be key to addressing health disparities and inequities, Dr. Curtiland Deville of Johns Hopk... More »
Apple Inc’s Chief Executive Tim Cook took an unusual step of reassuring shareholders on Monday in comments to CNBC about the iPhone maker’s business in China ahead of a dramatic 13 percent drop and rebound in its stock that put it in positive territory. Chines... More »
FREETOWN Sierra Leone released its last confirmed Ebola patient from hospital on Monday and began a 42-day countdown to being declared free of the virus, medical sources said. The world’s worst known Ebola epidemic has raged in West Africa for more than 18 mon... More »
TORONTO At least two people may have committed suicide following the hacking of the Ashley Madison cheating website, Toronto police said on Monday, warning of a ripple effect that includes scams and extortion of clients desperate to stop the exposure of their ... More »
A pedestrian bridge designed by Olafur Eliasson has opened in Copenhagen, inspired by the Danish-Icelandic artist’s childhood in Iceland. Reminiscent of sailing boats, Cirkelbroen, or circle bridge, is made of five circular platforms in different sizes, each w... More »
NEW YORK Mohamed El-Erian, chief economic adviser at Allianz SE, said Monday that turmoil in stock markets was creating opportunities for investors, but could prevent the Federal Reserve from hiking interest rates next month. El-Erian also said that equity mar... More »
LONDON British pharmaceutical company AstraZeneca named Sean Bohen as its chief medical officer, in an appointment that it said could help accelerate the development of new oncology and immunology medicines. AstraZeneca, Britain’s second biggest drugmaker behi... More »
FRANKFURT Between 50 and 60 euro zone banks will be included in next year’s stress test of top EU lenders, fewer than half of the number in the 2014 exercise, a European Central Bank spokeswoman said on Friday. The ECB is the supervisor for top banks in the si... More »
The New York Daily News is no longer for sale, according to a memo sent to employees by the newspaper’s owner, Mort Zuckerman, on Thursday. The memo from the media and property mogul said that, after meeting with several potential suitors, he had “decided to w... More »
Financial news agency Bloomberg plans to cut about 100 jobs in its editorial division, the New York Post reported. The announcement could come as soon as Labor Day in early September, the Post said, citing sources. Many of the layoffs will affect political and... More »
SEOUL His father was afraid to fly, but North Korean leader Kim Jong Un has taken to the skies, building a series of small runways long enough to land light, private aircraft next to some of his palaces, satellite imagery shows. Construction on Kim’s personal ... More »
Comcast Corp’s NBCUniversal said on Tuesday it had invested $200 million in online publisher BuzzFeed, the latest move by the media conglomerate to tap into a younger audience. NBCUniversal invested $200 million last week in Vox Media, owner of tech-focused we... More »
JOHANNESBURG South African mobile phone operator Vodacom is in talks with pay-TV giant Naspers to deliver movies and television programs to mobile devices, it said on Monday, part of a search for new sources of income from fast-growing data consumers. “We are ... More »
Here is a list of euro zone parliaments that must approve the new 86 billion euro ($96 billion) Greek bailout this week. Here is a list: TUESDAY, AUG. 18 AUSTRIA – Parliament subcommittee to meet on the bailout. ESTONIA – Parliament holds extraordinary session... More »
SCHUYLKILL HAVEN, Pa. Forensic archaeologists on Friday began excavating a highway embankment in eastern Pennsylvania, looking for more bones believed to be from impoverished victims of the worldwide Spanish flu pandemic in 1918. The state highway department, ... More »
BRUSSELS/ATHENS Euro zone finance ministers have agreed to lend Greece up to 86 billion euros ($96 billion) after Greek lawmakers accepted their stiff conditions despite a revolt by supporters of leftist Prime Minister Alexis Tsipras. Assuming approval by the ... More »
U.S. stocks ended a volatile week higher on Friday after upbeat U.S. economic data and as euro zone finance ministers agreed to launch a third bailout program for Greece. All three major indexes also ended the week with slight gains, bouncing back from losses ... More »
WASHINGTON Scientists have invented a speedy method to make potent painkilling opioids using bioengineered baker’s yeast instead of poppies, but need to fine-tune the process to make it commercially viable, according to a study published on Thursday. The new m... More »
BERLIN/FRANKFURT European scientists have revised their plans for the comet lander Philae and are now focusing on getting images and drill samples if communications are restored. After coming to rest in the shadows when it landed on a comet in November, Philae... More »
SHANGHAI China’s currency fell to a four-year low on Wednesday, slumping for a second day, after a central bank devaluation on Tuesday, and government sources believe the yuan may be allowed to slide even further to help the country’s exporters. The yuan trade... More »
News Corp (NWSA.O) reported a better-than-expected quarterly profit on Wednesday, helped by cost cuts in its news and information services business that includes Dow Jones and the Wall Street Journal. Shares of the company, controlled by Rupert Murdoch, rose a... More »
NEW YORK Stocks, the U.S. dollar, and emerging market currencies around the world remained under pressure for a second day on Wednesday after China’s yuan weakened again, a day after the country devalued its currency. Major Wall Street averages pared losses by... More »
NEW YORK Oil ended up on Wednesday as a weaker dollar and lower U.S. crude stockpiles provided a modest bounce off six-year lows hit the previous session, when worries about China’s plummeting currency and economic slowdown deflated prices. Concerns that U.S. ... More »
NEW YORK The U.S. dollar fell on Wednesday to its lowest in about a month against a basket of major currencies, on doubts over whether the U.S. Federal Reserve will raise interest rates in September given China’s devaluation of the yuan. The euro hit its highe... More »
MUMBAI/ NEW DELHI The Indian government has filed a lawsuit against Swiss food firm Nestle’s Indian unit, seeking 6.4 billion rupees ($99 million) in damages on behalf of consumers after the country’s worst packaged food scare in a decade. Nestle, the first fo... More »
LONDON World oil demand is expanding at its fastest pace in five years thanks to rebounding economic growth and low prices, but global oversupply will last through 2016, the West’s energy watchdog said on Wednesday. The International Energy Agency said in a mo... More »
BEIJING China’s move to devalue its currency reflects a growing clamor within government circles for a weaker yuan to help struggling exporters, ensuring the central bank remains under pressure to drag it down further in the months ahead, sources said. The yua... More »
DETROIT Ford Motor Co (F.N) on Wednesday will start building its medium-duty F-650 and F-750 commercial trucks at a Cleveland-area plant, moving production out of Mexico for the first time. The shift to the 41-year-old plant in Avon Lake, Ohio means that about... More »
JAKARTA Indonesian President Joko Widodo put two experienced technocrats into economic management posts on Wednesday in a cabinet reshuffle designed to reassure investors worried about a policy drift that has allowed growth to slip to a six-year low. Widodo’s ... More »
HONG KONG Police raided the Hong Kong offices of taxi-hailing service Uber Inc on Tuesday and arrested five drivers for the “illegal use of vehicles for hire”, police said. A Hong Kong police senior inspector, Bruce Hung, said undercover police officers had us... More »
NEW YORK A group of mainly U.S.-based stock traders and computer hackers in Ukraine made as much as $100 million in illegal profits over five years by conspiring to use information stolen from thousands of corporate press statements before their public release... More »
MUMBAI The Indian government has filed a class action suit for 6.4 billion rupees ($99 million) against Nestle’s Indian unit on behalf of the country’s consumers, citing unfair trade practices and the sale of defective goods. Nestle is the first foreign firm t... More »
Drugmaker GlaxoSmithKline temporarily closed a North Carolina factory on Tuesday after testing at a cooling tower found bacteria that causes deadly Legionnaire’s disease. The Legionella bacteria were discovered during routine inspections at the site in Zebulon... More »
KUALA LUMPUR A Malaysian opposition party on Wednesday filed a civil suit against Prime Minister Najib Razak and indebted state fund 1Malaysia Development Berhad (1MDB), saying they had violated electoral rules and a new election should be held. 1MDB, whose ad... More »
Credit Suisse Group AG (CSGN.VX) is in talks to settle allegations related to its Crossfinder “dark pool” trading venue, which could result in a fine running in the high tens of millions of dollars, the Wall Street Journal reported, citing people familiar with... More »
BEIJING Growth in China’s factory output, investment and retail sales were all weaker than expected in July, adding pressure on Beijing to roll out more measures to prevent a deeper slowdown, days after it shocked markets by devaluing its currency. While the c... More »
BEIJING China’s real estate investment growth continued to slow in the first seven months of 2015 due to weak new construction, but property sales and housing investment improved, indicating a mixed recovery in the struggling property market. Property investme... More »
BEIJING “Tragedy” – that was Alibaba Group Holding Ltd (BABA.N) founder Jack Ma’s prediction for the fate of rival JD.com Inc (JD.O) in comments published earlier this year. On Monday, Alibaba signaled it is no longer writing off its smaller competitor, making... More »
SAN FRANCISCO/MUMBAI, August 12 Facebook is trying to lure skeptical advertisers in India with features such as free email support for questions about advertising and advice on increasing sales in a bid to boost revenue from its second biggest market. Facebook... More »
BEIJING Government spending in China jumped by nearly a quarter in July to a three-month high as authorities accelerated spending on state projects and hiked wages of civil servants as planned, data showed on Wednesday. Beijing hopes faster government spending... More »
Loss-making teen apparel retailer American Apparel Inc (APP.A) said on Tuesday it doesn’t expect to have sufficient funds to keep the business running for the next 12 months, warning shareholders may lose some or all of their investments and it may not be able... More »
DUBAI Emirates Airline [EMIRA.UL] said Tuesday that state-owned Gulf Arab airlines were not to blame for overcapacity on services between the United States and Dubai, rejecting criticism by U.S. carrier Delta Air Lines (DAL.N). Delta said Sunday it had reduced... More »
WASHINGTON Republican presidential candidate Donald Trump on Tuesday said China’s devaluation of the yuan would be “devastating” for the United States. “They’re just destroying us,” the billionaire businessman, a long-time critic of China’s currency policy, sa... More »
