(Reuters) — Lufthansa cancelled some 3,800 flights as pilots began a three-day walkout on Wednesday (April 2), in what is one of the biggest strikes ever to hit the German airline. Vereinigung Cockpit, the union representing most of Lufthansa’s 5,400…
(Reuters) – U.S. factory activity accelerated for a second straight month in March and auto sales surged, the latest signs the economy was regaining footing after a brutal winter. Unusually cold and snowy weather chilled activity early in…
(Reuters) – China’s Huawei Technologies Ltd, the world’s No.2 telecommunications equipment maker, reported its fastest profit growth in four years as expansion in enterprise and consumer revenue far exceeded growth in its network building division. The unlisted company has benefited…
In recent years, Swiss luxury watch industry experienced double digit growth. But these times, such growth may now be ending.
By Margaret Chadbourn and Aruna Viswanatha WASHINGTON Wed Mar 26, 2014 6:42pm EDT (Reuters) – Bank of America agreed to pay $9.3 billion to settle claims that it sold Fannie Mae and Freddie Mac faulty mortgage bonds, helping the bank…
By Soyoung Kim and Greg Roumeliotis NEW YORK Tue Mar 25, 2014 6:02pm EDT (Reuters) – Blackstone Group LP is close to a deal to buy industrial conglomerate Gates Global Inc for more than $5.5 billion, people familiar with the…
By Angela Moon NEW YORK Tue Mar 25, 2014 6:51pm EDT (Reuters) – U.S. stocks ended higher on Tuesday, rebounding from a two-day decline as the hard-hit biotechnology sector regained its momentum and a strong read on consumer confidence increased…
By Alexei Oreskovic and Malathi Nayak SAN FRANCISCO Tue Mar 25, 2014 6:43pm EDT (Reuters) – Facebook Inc will acquire two-year-old Oculus VR Inc, a maker of virtual-reality glasses for gaming, for $2 billion, buying its way into the fast-growing…
(Reuters) – Asian shares lurched lower in a cautious start to the week on Monday, as investors were hobbled by the persistent tensions in Ukraine, uncertainty over Federal Reserve policy and worries about slowing growth in China. The euro edged…
(Reuters) – The number of Americans filing for jobless benefits hovered near three-month lows last week and factory activity in the Mid-Atlantic region rebounded this month, suggesting the economy is regaining strength after being hobbled by severe weather. While other…
