Business

Twitter And Facebook Vow To Challenge Turkey Over Ban

Twitter (TWTR.N) and Facebook (FB.O) have vowed to fight a Turkish ban that briefly blocked access to social media sites this week, a clampdown critics said was further evidence of Ankara's growing authoritarianism. Turkey has taken a tough stance on...

Fedex To Buy TNT For $4.8 Billion To Expand Europe Deliveries

FedEx Corp (FDX.N) said it will buy Dutch package delivery firm TNT Express (TNTE.AS) for 4.4 billion euros ($4.8 billion), aiming to take on bigger rivals United Parcel Service (UPS.N) and Deutsche Post (DPWGn.DE) in Europe. European regulators blocked a...

Oil Falls As Iran, China Discuss More Supply

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Brent crude oil fell below $58 a barrel on Tuesday on signs of growing oversupply as Iranian officials visited Beijing to seek more oil sales after a framework nuclear deal that could lead to the lifting of sanctions. China is...

Oil Up More Than $1 After Saudi’s Asia Price Hike

Oil futures climbed more than $1 a barrel on Monday, after Saudi Arabia raised its prices for crude sales to Asia for the second month running, signaling improved demand in the region. International benchmark Brent regained ground after tumbling as...

Battered By Currency Swings, European Firms Unpick Global Production Model

A dramatic fall in the euro has created an opportunity for European manufacturers to enjoy cheap production costs at the bases from which they can supply world markets. But after months of sharp shifts in foreign currencies, many of these...

Samsung Electronics Shares Rise More Than 3 Percent Ahead Of Guidance

Shares of Samsung Electronics Co Ltd rose more than 3 percent early on Monday ahead of the release of its guidance on first-quarter earnings scheduled for Tuesday. Samsung Electronics was up 3.2 percent and trading at 1,480,000 won as of...

Consumers Withdraw U.S. Lawsuit Against Google Over Android App Limits

Plaintiffs in an antitrust lawsuit against Google Inc (GOOGL.O) on Friday withdrew their case accusing the search engine company of harming smartphone buyers by forcing handset makers using Android operating system to make Google's own applications the default option. The...

U.S. Treasuries Rally, Equity Futures Drop After Jobs Data

U.S. Treasuries prices rallied, the U.S. dollar fell and stock index futures fell on Friday after weaker-than-expected March U.S. jobs data. U.S. Labor Department data showed employers added just 126,000 jobs in March, the smallest monthly increase in more than...

Exclusive: IBM Hire Advisers To Deal With Restless Investors – Sources

Some top shareholders of IBM, disappointed by 11 straight quarters of falling revenues, are seeking help from activist investors to shake up the company, but have been turned down by both Bill Ackman's Pershing Square and Jeffrey Ubben's ValueAct,...

Greece Says Ready To Make IMF Payment On April 9

Greece will pay a loan tranche due on April 9 to the International Monetary Fund on time, its deputy finance minister said on Friday, seeking to quell fears of default after a flurry of contradictory statements on the issue...