SEOUL South Korea’s Chung Mong-joon will formally launch his bid to become president of world soccer’s scandal-hit governing body FIFA on Aug. 17 in France, the home of rival Michel Platini. Chung, a former FIFA vice president and fierce critic of outgoing pre... 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 »
Norton antivirus software maker Symantec Corp has agreed to sell its data storage unit, Veritas, for $8 billion to a group led by Carlyle Group LP as it seeks cash to turn around its core security software business. The deal, the biggest U.S. leveraged buyout ... More »
NEW YORK A U.S. criminal investigation into allegations that China’s ZTE Corp for sold banned U.S. computer products to Iran has spilled into a civil dispute with a New York-based patent licensing firm, as ZTE has refused to make one of its top executives avai... More »
Deal makers and employees at private equity firms are expected to receive the biggest bonus increases this year on Wall Street, according to a forecast by compensation consulting firm Johnson Associates. Overall, however, year-end incentive payments on Wall St... More »
USA Track & Field (USATF) on Tuesday released a detailed breakdown of how it spends its money in response to an allegation made by runner Nick Symmonds that the body spends a tiny proportion of its income on athlete support. Symmonds, who won the 800 meters at... More »
Drugmaker GlaxoSmithKline closed its North Carolina factory on Tuesday after testing at a cooling tower found bacteria that causes deadly Legionnaire’s disease, a company spokeswoman said. The Legionella bacteria was discovered during routine inspections at th... More »
NEW YORK A U.S. judge has ordered Cablevision Systems Corp to stop running advertisements accusing rival Verizon Communications Inc of lying about having the fastest wireless network. The ruling on Monday by U.S. Magistrate Judge Gary Brown in Central Islip, N... More »
SAN FRANCISCO A low-key style and an unusually firm handle on diplomacy propelled new Google chief executive Sundar Pichai to the top of the search engine giant, former colleagues said, cementing his successes such as creating the Chrome browser. As part of a ... More »
SAN FRANCISCO Google Inc (GOOGL.O) announced a surprise overhaul of its operating structure on Monday, creating a holding company called Alphabet to pool its many subsidiaries and separate the core web advertising business from newer ventures like driverless c... More »
NEW YORK U.S. Senator Charles Schumer of New York on Tuesday put forward a plan to pay for a new rail tunnel under the Hudson River linking New Jersey and New York City, following lengthy delays that have left commuters stranded and frustrated in recent weeks.... More »
NEW YORK/BOSTON The slowdown in the Chinese economy, which prompted the Chinese government to devalue the yuan currency on Tuesday, has already hammered the shares of U.S. industrial companies. Yet some contrarian U.S. fund managers say there is still room to ... More »
NEW YORK Growing pension obligations at Precision Castparts Corp (PCP.N), which Berkshire Hathaway has agreed to buy for $32 billion, highlight an issue that large U.S. corporations still face, almost a decade into a low-interest rate environment. Berkshire’s ... More »
(Corrects fifth paragraph to delete reference to President Barack Obama acting by executive order) By Jeff Mason and Valerie Volcovici WASHINGTON (Reuters) – President Barack Obama challenged America and the world to step up efforts to fight global warming on ... More »
WASHINGTON A speeding Wal-Mart truck driver who had been awake for 28 hours was held responsible on Tuesday for a 2014 highway crash that left “30 Rock” star Tracy Morgan with brain injuries and killed a fellow comedian, U.S. transport regulators said. The Nat... More »
MUMBAI India will seek damages of 6.39 billion rupees ($99.3 million) from Swiss group Nestle after a food scare involving reports of excess lead in the firm’s popular Maggi noodles forced a nationwide recall, a government official said on Tuesday. Nestle, whi... More »
Australia’s Macquarie Group (MQG.AX) is entering the U.S exchange-traded fund market making business, officials told Reuters in an interview. Market makers provide ETF issuers with an array of services, including providing seed capital and distribution. They u... More »
LOS ANGELES Parent education loans can help your child attend the college of her dreams — and sink any dreams you had of ever retiring. The grim reality is that the federal PLUS loan program allows parents to borrow far more than they can comfortably, or even ... More »
China’s massive foreign currency reserves are dwindling at a more than half-trillion-dollar annual pace, a trend which may tighten global credit conditions. China’s central bank said its reserves fell by $43 billion in July to $3.65 trillion, in the first ever... More »
ATHENS Greece and its international lenders reached a multi-billion euro bailout deal on Tuesday to keep the nation in the euro zone and prevent financial meltdown, officials said. Here are some of the details of what Greece is required to do for up to 85 bill... More »
TOKYO Major U.S. proxy advisory firms are split over a proposal linked to activist investor Yoshiaki Murakami to shake up the board of Japanese mid-sized electronics parts maker and trader Kuroda Electric, leading to uncertainty over the move’s outcome. C&I Ho... More »
MOSCOW A pair of Russian cosmonauts began their working week on Monday by cleaning the windows of the International Space Station (ISS), floating 250 miles (400 km) above the Earth’s surface. Station commander Gennady Padalka and flight engineer Mikhail Kornie... More »
NEW YORK A case in which pop star Shakira’s 2010 hit single “Loca” was found to be an illegal copy of a Dominican songwriter’s work came crashing down on Monday when a U.S. judge said the songwriter had lied to the court and the cassette tape on which his clai... More »
LONDON Tadpoles are contracting a new, highly infectious disease that may be threatening frog populations worldwide, British scientists have found. A parasitic disease caused by single-celled microbes known as “protists” was found in the livers of tadpole samp... More »
ATHENS Greece hopes to conclude negotiations with international creditors by early Tuesday at the latest, a Greek official said as talks continued in Athens on a new multi-billion euro bailout. Greece’s finance and economy ministers were locked in negotiations... More »
LOS ANGELES (Variety.com) – Scathing reviews and an indiscreet tweet left “Fantastic Four” on the slab after the franchise reboot flopped at the weekend box office. Fox’s hopes of rejuvenating the comicbook characters and turning the super-team into a cinemati... More »
Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) (BRKb.N) said on Friday its second-quarter profit fell 37 percent, reflecting a significant decline in investment gains and an underwriting loss from insurance operations, which include Geico. Net income for the... More »
U.S. media stocks have taken an indiscriminate beating this week, but many big fund managers still like entertainment conglomerate Walt Disney Co while turning negative for the long term on Discovery Communications, owner of several niche television franchises... More »
AMC Networks Inc’s (AMCX.O) shares fell as much as 14 percent despite the company’s strong results, continuing a slide triggered by Walt Disney Co’s (DIS.N) forecast that suggested that more customers were deserting paid TV than expected. Walt Disney Co (DIS.N... More »
WASHINGTON A House panel this week asked NASA to explain why it hasn’t launched an independent review of the explosion on June 28 of a SpaceX Falcon 9 rocket, as it did after the earlier explosion of Orbital ATK Inc’s Antares rocket on Oct. 28. Both launches w... More »
New York Times Co reported lower-than-expected quarterly revenue as its print advertising sales fell for the fourth straight quarter. Shares of the company, which also forecast a decline in its current-quarter ad revenue, fell as much as 6 percent on Thursday.... More »
Viacom Inc reported weaker-than-expected quarterly revenue, hurt by lower advertising revenue from its U.S. cable TV business as viewers increasingly shift to online streaming services. The results add to investor concerns over the U.S. cable industry after di... More »
Media company Twenty-First Century Fox Inc (FOXA.O) on Wednesday reduced its profit expectation for the coming year, citing foreign currency impacts, the timing of film releases, and sports and digital investments in India. Fox had projected earnings in the mi... More »
ATHENS Prime Minister Alexis Tsipras said on Wednesday that Greece was close to concluding a deal with lenders on a multi-billion-euro bailout, which he said would end doubts over its place in the euro zone. The comments were the latest in a series of unusuall... More »
ATHENS Greek Prime Minister Alexis Tsipras said on Wednesday Greece is close to concluding a deal with lenders on a multi billion euro bailout, which he said would end doubts over the country’s presence in the euro zone. “We are in the final stretch of conclud... More »
ATHENS Greece’s stock market closed with heavy losses on Monday after a five-week shutdown brought on by fears that the country was about to be dumped from the euro zone. Bank shares plummeted 30 percent before loss limits kicked in to stop investors selling a... More »
LONDON/SYDNEY Economic headwinds facing Chinese manufacturers intensified last month, with conditions deteriorating to their weakest level in two years, while euro zone factories largely shrugged off Greece’s brush with bankruptcy. July was a fraught month for... More »
FRANKFURT/HELSINKI German carmakers BMW (BMWG.DE), Audi (VOWG_p.DE) and Mercedes (DAIGn.DE), will pay around 2.5 billion euros ($2.75 billion) to buy Nokia’s maps business, a transformational deal that will help them to develop self-driving cars. Daimler BMW a... More »
ATHENS Greece’s stock market plunged nearly 23 percent on Monday when it opened after a five-week shutdown brought on by fears the country was about to be dumped from the euro zone. The main Athens stock index .ATG plunged in its worst ever one-day performance... More »
WASHINGTON, August 3 Women’s health group Planned Parenthood, under attack by anti-abortionists posting hidden-camera videos online, will be the focus of a partisan showdown on Monday in the U.S. Senate, with any wider influence on voters from the charge still... More »
HONG KONG HSBC Holdings (HSBA.L) beat expectations with a 10 percent rise in first-half profit on Monday, driven by a strong performance in Hong Kong, and said it had agreed the sale of its unprofitable Brazilian unit. It said it had agreed to sell Banco Brade... More »
KUALA LUMPUR As the candidates hoping to succeed FIFA’s outgoing president Sepp Blatter continue to lobby for support, the political kingmaker who could have a big influence on who gets the job says world soccer has more to worry about than picking its next bo... More »
LONDON The dollar fell against a basket of currencies on Monday, weighed down by below-par wage growth data late last week that clouded the outlook over when U.S. interest rates are likely to rise. U.S. short-dated yields fell and the dollar was sold on Friday... More »
ATHENS Greek blue-chip stock index futures opened sharply down on Monday ahead of the stock market’s open, with the nearest contract ATFQ5 expiring on August 21 down 18 percent at 202 points, after falling 15.2 percent on the first trade. The stock market will... More »
SINGAPORE Oil extended losses to multi-month lows on Monday on worries of oversupply as OPEC pumped at record levels in July, while weak China data stoked concerns about slower growth at the world’s second largest oil consumer. Oil output by the Organization o... More »
SYDNEY Headwinds for the world’s second-biggest economy intensified at the start of the third quarter, with manufacturing conditions in China deteriorating to their worst in two years in July and triggering fresh slides in global commodity prices. Similar busi... More »
LONDON The Chinese slowdown is forcing many Western companies to take a hard look at their businesses there, leading many to reduce investments, costs and product lines and to tackle increasing bad debts. Double digit growth rates during the first decade of th... More »
SAO PAULO HSBC Holdings Plc (HSBA.L) agreed to sell its Brazilian unit to Banco Bradesco SA (BBDC4.SA) for $5.2 billion, retreating from the second-largest emerging market economy after years of disappointing performance. Europe’s No. 1 bank said in a statemen... More »
HONG KONG/TOKYO An index of Asian shares outside Japan fell close to this year’s lows on Monday thanks to a deepening selloff in commodities and fresh concerns over slowing growth in China, while the dollar held its ground against a basket of currencies. In li... More »
SEOUL South Korea’s Park In-bee had once hoped to win all the top tournaments in women’s golf before her career came to an end. After winning the British Open on Sunday, the 27-year-old now finds herself searching for new goals. Park’s three-shot win over comp... More »
WASHINGTON President Barack Obama will unveil on Monday the final version of his plan to tackle greenhouse gases from coal-fired power plants, kicking off what is expected to be a tumultuous legal battle between federal environmental regulators and coal indust... More »
WASHINGTON The White House said it will launch the first ever rule on Monday to cut carbon emissions from power plants, a plan that opponents in the coal industry and their political allies will fight in the courts. In a fact sheet issued on Sunday, the White ... More »
WASHINGTON Donald Trump, the man to beat in this week’s first televised Republican presidential debate, said on Sunday he does not plan to attack his rivals and downplayed expectations for his performance, saying “I’m not a debater.” The combative real estate ... More »
BERLIN French finance minister Michel Sapin has criticized his German counterpart Wolfgang Schaeuble for suggesting that Greece could temporarily leave the euro zone, but said the Franco-German relationship is “not broken”. In an interview with German business... More »
LOS ANGELES (Variety.com) – Tom Cruise’s “Mission: Impossible — Rogue Nation” dominated the U.S. box office this weekend with an impressive $56 million at 3,956 locations. The Paramount/Skydance tentpole generated $20.3 million at the Friday box office, settin... More »
VIENNA The chief executive of BMW hinted in a German paper that there was potential for another of its “i” electric car models. “Between the i3 and the i8, there is space if you look at it from the number point of view,” Harald Krueger told Frankfurter Allgeme... More »
KUALA LUMPUR Olympic chiefs must pump more content to mobile devices, and extend the allure of the Games outside its 17-day window to stay relevant to young people, marketing guru Martin Sorrell said on Sunday. “You need to evolve to new consumption behaviors ... More »
NEW YORK Verizon Communications Inc and the unions representing its wireline unit employees on the U.S. East Coast said work will go on and talks continue after their current contract expired. Since June, the unions have been in talks with Verizon over the com... More »
CHICAGO A political battle over the use of fetal tissue in medical research has been reinvigorated by the release of undercover videos targeting Planned Parenthood officials. But the controversy comes just as interest in the use of fetal tissue is dwindling, s... More »
MUMBAI An Indian court has concluded hearing a case filed by Nestle India challenging a local regulator’s report that Maggi instant noodles contained excess lead, a lawyer for the company said. The Bombay High Court will give a judgment at a later date, Rajesh... More »
TOKYO The Japanese affiliate of Ernst & Young LLC has launched an in-house investigation into its audit of Toshiba Corp in the wake of the electronics maker’s $1.2 billion accounting scandal, a person with knowledge of the matter said. Ernst & Young ShinNihon ... More »
TOKYO Mark Karpeles, the former head of defunct bitcoin exchange Mt. Gox, was arrested on Saturday in connection with the disappearance of hundreds of millions of dollars worth of the virtual currency, Japanese media reports said. The French-born Karpeles, 30,... More »
WASHINGTON The cybersecurity issues that led Fiat Chrysler Automobiles NV to recall 1.4 million vehicles this month could pose a problem for cars and trucks from other automakers, the top U.S. auto safety regulator said on Friday. Mark Rosekind, who heads the ... More »
BOSTON Billionaire hedge fund manager John Paulson, one of the world’s most influential gold investors, said on Friday that the metal is now at an appropriate price level, following last week’s rout that dragged prices to five-year lows. Paulson, in his first ... More »
LONDON/GENEVA The world is on the verge of being able to protect humans against Ebola, the World Health Organization said on Friday, as a trial in Guinea found a vaccine to have been 100 percent effective. Initial results from the trial, which tested Merck... More »
LOS ANGELES (This story corrects paragraph 2: nuns no longer live at the property in July 30 story) Katy Perry, who grew up the daughter of Protestant pastors and rose to fame with the hit song “I Kissed a Girl,” may get her chance to live in a former Roman Ca... More »
SAN FRANCISCO Facebook Inc Chief Executive Mark Zuckerberg and his wife, Priscilla Chan, are expecting a baby girl, he said on his Facebook page on Friday. The couple, who married in 2012, have been trying to have a child and had three miscarriages, he wrote. ... More »
LONDON Best-selling boy band One Direction released a surprise first single as a foursome on Friday, two days after former member Zayn Malik announced a new record deal as solo artist. “Drag Me Down” follows November’s “Night Changes” and is the first single t... More »
NEW YORK Investors worldwide pulled $1.2 billion out of precious metals funds in the week ended July 29 on expectations for higher U.S. interest rates and weakness in Chinese shares, data from a Bank of America Merrill Lynch Global Research report showed on Fr... More »
NEW YORK Dish Network Corp said on Friday that Comcast Corp’s broadcast television network NBC is not airing ads promoting its Sling TV video streaming service in some markets. While NBC, part of Comcast’s NBCUniversal film and TV unit, has banned Sling TV ads... More »
LONDON U.S. equities’ share in global portfolios fell to the lowest in at least five years and U.S. bond allocations were also cut as nervous investors started readying themselves for the first Federal Reserve rate rise in almost a decade. But while U.S. asset... More »
LOS ANGELES Comcast Corp’s (CMCSA.O) NBCUniversal film and television unit is close to making an investment in online publisher BuzzFeed and is in talks to raise its stake in Vox Media, a person with knowledge of both sets of discussions said on Thursday. The ... More »
BERLIN/FRANKFURT The comet lander Philae may be uncommunicative at the moment, but the pictures and measurements it took after it touched down on a comet in November have shown scientists that the comet is covered with coarse material, rather than dust, and is... More »
ATHENS Greek Prime Minister Alexis Tsipras, struggling to contain a revolt in his left-wing Syriza party, said on Wednesday that his government would not implement reform measures beyond those agreed with lenders at a euro zone summit this month. Tsipras faces... More »
ATHENS Greek Prime Minister Alexis Tsipras said on Wednesday that his government would not implement reform measures beyond what was agreed with lenders at a euro zone summit earlier this month. “I know well the framework of the deal we signed at the euro zone... More »
LONDON European pay-TV group Sky said on Wednesday it expects to perform strongly in its new financial year after better-than-expected 2014/15 profits prompted investors to rethink their growth forecasts for the newly-enlarged group. Sky, formed from the combi... More »
BERLIN A Greek exit from the euro zone would cause “utter chaos” but would have to be accepted if Athens was not willing to implement reforms, Chancellor Angela Merkel’s Bavarian ally Horst Seehofer told German newspaper Die Welt on Wednesday. “No one can pred... More »
PARIS European Economic and Monetary Affairs Commissioner Pierre Moscovici said on Wednesday that talks on a third bailout plan for Greece were taking place in “good conditions” and that the risk of an exit of Greece from the euro zone was gone. “Grexit is beh... More »
BERLIN The German government’s panel of independent economic advisers favors creating an insolvency mechanism for euro zone states and says countries should be able to leave the single currency as a last resort. The Greek crisis has called into question the fu... More »
ANAHEIM, California For the first time, cable TV network Nickelodeon staged a casting call at VidCon, a convention that draws stars of YouTube and social media like Vine, Instagram and Snapchat and their passionate followers. The Viacom-owned channel’s talent ... More »
NEW YORK Global equity markets dropped on Friday and copper fell to a six-year low as weaker-than-expected data from China and the euro zone exacerbated concerns over global economic growth. Brent and U.S. crude oil futures settled at their lowest since March ... More »
LONDON/NEW YORK The global economy started the second half of the year on shaky ground with China’s factory sector activity contracting in July at the fastest pace in 15 months and euro zone manufacturing weaker than expected, although U.S. activity picked up.... More »
PARIS The prospect of Greece being forced to leave the euro zone has lifted, ECB governing council member Christian Noyer said in an interview with Le Monde newspaper published on Friday. Noyer, who is also governor of the Bank of France, said that Greece repr... More »
TORONTO Cheating spouses website AshleyMadison.com, facing hackers’ threats to leak clients’ nude photos and sexual fantasies, said it is heartened by some initial public response that sees the site as a victim. The website’s Canadian parent, Avid Life Media, ... More »
LONDON European shares retreated on Tuesday from their six-week high in the previous session, with the healthcare leading the market lower after Novartis (NOVN.VX) reported quarterly incomes below analysts’ expectations. The STOXX Europe 600 Healthcare Index .... More »
TOKYO Toshiba Corp’s (6502.T) chief executive Hisao Tanaka and a string of other senior officials resigned on Tuesday for their roles in the country’s biggest accounting scandal in years. Tanaka will be temporarily replaced by Chairman Masashi Muromachi after ... More »
ATHENS The Greek government submitted legislation to parliament on Tuesday required by its international lenders to start talks on a multi-billion euro rescue package. Prime Minister Alexis Tsipras has until Wednesday night to get those measures adopted in the... More »
LONDON Lloyds (LLOY.L) is due to set out its dividend plans next week, including how and when it might return surplus capital to shareholders, making the stock more attractive ahead of a planned sale of some of the government’s shares to retail investors, indu... More »
LONDON Britain’s government is asking some departments to prepare to cut day-to-day spending by as much as 40 percent by the 2019/20 tax year, in a major spending review launched by Conservative finance minister George Osborne on Tuesday. The finance ministry ... More »
CAPE TOWN Veteran South African anti-apartheid campaigner Desmond Tutu was discharged from hospital on Tuesday after a week fighting a persistent infection that is not related to his prostate cancer, his daughter said. Tutu, 83, who has been living with prosta... More »
