Business

Cisco Joins Flurry Of U.S.-China Tech Partnerships

Cisco Systems Inc (CSCO.O) said Thursday it would form a joint-venture with Chinese server maker Inspur to sell networking and cloud computing products in China, where the Silicon Valley firm faces political pressure and declining sales. Cisco and Inspur said...

Oil Rebounds Near $48 On Bargain-Hunting After Sharp Fall

Oil steadied at around $48 a barrel on Thursday, as investors sought bargains after a sharp fall the previous day on an unexpectedly large buildup in U.S. gasoline stocks and a tepid demand outlook. Brent crude climbed 40 cents to...

VW Manipulated Diesel Emissions Tests In Europe, Says German Minister

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Germany's transport minister says Volkswagen has admitted using the same fake emissions test in Europe as it used to falsify results in the US. Alexander Dobrindt said it was not known how many of the 11 million vehicles affected were...

Futures Rise As Commodities Recover Some Ground

U.S. stock index futures were slightly higher on Wednesday as commodity prices recovered some ground and positive economic data from Europe helped negate the impact of weak manufacturing data out of China. * Brent crude oil prices inched towards $50...

Europe’s Resilience Trumps Another China Slump

European shares rose on Wednesday after business activity data pointed to steady growth across the continent, contrasting starkly with figures that showed the biggest contraction in China's manufacturing sector since the global financial crisis. The Chinese purchasing managers index intensified...

Total Cuts Capital Spending And Output Target, Reassures On Dividend

French oil major Total has cut its capital and operating expenses again in response to low oil prices and trimmed its ambitious output growth targets but reassured the market that its dividend was safe. The cost cutting deepens previous steps...

Apple Plans Steps To Prevent Future App Store Attacks

A senior Apple Inc (AAPL.O) executive on Tuesday said the company would make it easier for Chinese app developers to download its tools for building mobile apps in a bid to prevent further attacks on its App Store. In the...

Nissan Says To Redesign Altima

Nissan Motor Co Ltd said its mid-sized sedan, Altima, would undergo an extensive redesign in an effort to boost demand for the best-selling vehicle in the automaker's stable. The 2016 model year Altima will feature a new look for the...

Burkina Faso PM Zida, Held Hostage Since Coup, Freed

Burkina Faso's Yacouba Isaac Zida, who had been held hostage since a coup led by the West African nation's elite presidential guard last week, was freed on Tuesday, an advisor and a senior army officer loyal to the government...

Win Or Lose, Bank Of America Vote Shows New Shareholder Muscle

A group of shareholders is looking to strip Bank of America Corp Chief Executive Brian Moynihan of his chairman title on Tuesday in an investor vote and whether they fail or succeed, they have notched a victory just by...