Business

DOJ Probes Finance Firms Dealings With Libya: WSJ

The U.S. Department of Justice is investigating banks, private equity firms and hedge funds that may have violated anti-bribery laws in their dealings with Libya's government-run investment fund, the Wall Street Journal reported, citing people familiar with the matter. Federal...

Sony, Lenovo In Talks On Possible PC Business Alliance: Report

Japan's Sony Corp and Chinese technology company Lenovo Group are in talks about a possible joint venture to take over Sony's loss-making Vaio PC business overseas, Japanese broadcaster NHK reported on Saturday. The Japanese electronics and media giant called the...

Sony, Lenovo In Talks On Possible PC Business Alliance: Report

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Japan's Sony Corp and Chinese technology company Lenovo Group are in talks about a possible joint venture to take over Sony's loss-making Vaio PC business overseas, Japanese broadcaster NHK reported on Saturday. The Japanese electronics and media giant called the...

India’s Rajasthan State Bars Entry Of Foreign Supermarkets

The government of India's western state of Rajasthan has barred foreign direct investment in the multi-brand retail sector, newspapers said, becoming the second state to block foreign supermarkets from setting up shop. Last month, the newly-elected Aam Aadmi (Common Man)...

Honda Q3 Net Profit More Than Doubles To $1.56 Billion

Honda Motor Co's (7267.T) October-December net profit more than doubled to 160.7 billion yen ($1.56 billion), back to pre-Lehman crisis levels but lower than expectations, helped by strong sales of the redesigned Fit subcompact that went on sale in...

Japan Inflation Quickens To Over Five-Year High, Output Gains

Japan's core consumer inflation rose at the fastest pace in more than five years in December and the job market improved, encouraging signs for the Bank of Japan as it seeks to vanquish deflation with aggressive money printing. Factory output...

Futures Rebound After Selloff On Fed Decision; Data Due

U.S. stock index futures edged up on Thursday, rebounding after a 1-percent drop in key indexes a day earlier, following the Federal Reserve's decision to continue paring stimulus despite a selloff in emerging markets. * Market participants were looking ahead...

Households Seen Driving U.S. Fourth-Quarter Growth

Robust household spending and rising exports likely kept the U.S. economy on solid ground in the fourth quarter, but stagnant wages could chip away some of the momentum in early 2014. Gross domestic product probably grew at a 3.2 percent...

China’s Lenovo Steps Into Ring Against Samsung With Motorola Deal

Lenovo Group, the Chinese technology company that earns about 80 percent of its revenue from personal computers, is betting it can also be a challenger to Samsung Electronics Co Ltd and Apple Inc in the smartphone market. On Wednesday, Lenovo...

Wireless Mergers To Invite Scrutiny, Says U.S. Antitrust Chief: NYT

It will be difficult for the U.S. justice department to approve a merger between any of the top four U.S. wireless phone companies, said William Baer, assistant attorney general for the antitrust division, the New York Times reported. Baer's comments...