Exclusive: Marubeni says Chinese authorities detain three staff at grain unit

Posted By on April 24, 2014

TOKYO/BEIJING (Reuters) – Three employees at one of Marubeni Corp’s grain trading units in China have been detained by authorities, the Japanese trading house said on Thursday, a move sources told Reuters was prompted by allegations the unit evaded taxes on soy bean imports.

Source: Reuters Business News

Facebook first-quarter revenue grows 72 percent on rising mobile ads

Posted By on April 24, 2014

SAN FRANCISCO (Reuters) – Facebook Inc’s mobile advertising business accelerated in the first three months of the year, helping the Internet social networking company top Wall Street’s financial targets.

Source: Reuters Business News

Apple shares reach 2014 highs, Asian stocks lag

Posted By on April 24, 2014

SYDNEY (Reuters) – Shares in tech heavyweights Apple and Facebook held hefty after-hours gains on Thursday as their results handily outpaced Wall Street expectations, though Asian markets managed only a mumbled cheer on the news.

Source: Reuters Business News

SodaStream shares spike on report of Starbucks talks

Posted By on April 23, 2014

(Reuters) – Shares in SodaStream International Ltd rose as much as 17 percent on Wednesday after the Israeli business newspaper Globes said Starbucks Corp was in advanced talks to buy 10 percent of the home soft drink maker, citing sources.

Source: Reuters Business News

Cost-cutting, share buybacks buoy U.S. defense profits

Posted By on April 23, 2014

WASHINGTON (Reuters) – The biggest U.S. weapons makers posted higher profits this week and raised their forecasts for 2014 earnings, sending shares higher despite cuts in military spending that have weakened revenues.

Source: Reuters Business News

HBO strikes deal with Amazon to stream shows

Posted By on April 23, 2014

(Reuters) – Amazon will begin streaming some HBO shows to its premium customers next month, the companies said on Wednesday, in a move that could lure subscribers away from Netflix Inc, a company they both compete with.

Source: Reuters Business News

China PMI as predicted, Aussie drops after data

Posted By on April 23, 2014

SYDNEY/SINGAPORE (Reuters) – Asian stock markets were little moved on Wednesday after a Chinese manufacturing survey met expectations, but the Australian dollar plunged to a two-week low after data showed surprisingly low inflation in that country’s economy.

Source: Reuters Business News

China factory activity shrinks for fourth month, but pace of decline slows

Posted By on April 23, 2014

BEIJING (Reuters) – China’s factory activity shrank for the fourth straight month in April, signaling economic weakness into the second quarter, a preliminary survey showed on Wednesday, although the pace of decline eased helped by policy steps to arrest the slowdown.

Source: Reuters Business News

Novartis and GSK trade assets as pharma industry reshapes

Posted By on April 22, 2014

ZURICH/LONDON (Reuters) – Novartis and GlaxoSmithKline traded over $20 billion worth of assets on Tuesday, aiming to bolster their best businesses and exit weaker ones as the drugs industry reshapes to cope with healthcare spending cuts and generic competition.

Source: Reuters Business News

U.S. justices conflicted over Aereo TV copyright fight

Posted By on April 22, 2014

WASHINGTON (Reuters) – U.S. Supreme Court justices appeared unsure on Tuesday whether to rule against online TV startup Aereo Inc in a major copyright case, with several raising concerns about how a ruling in favor of broadcast networks could affect increasingly popular cloud computing services.

Source: Reuters Business News

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