Business

Monte Paschi’s spokesman was under pressure over bank probe: reports

Monte Paschi’s spokesman was under pressure over bank probe: reports

MILAN (Reuters) – The spokesman of Monte Paschi di Siena discovered dead on Wednesday was once below drive over an investigation into alleged corruption and fraud that has rocked the sector's oldest financial institution, journalists who knew him said. David Rossi, born in 1961, used to be discovered lifeless on […]

 
 

Asian shares mostly retreat after rally; BOJ holds fire

Asian shares mostly retreat after rally; BOJ holds fire

TOKYO (Reuters) – Asian shares mostly fell after two robust days of good points on Thursday, with investors focusing on meetings of the crucial banks of Britain and the euro zone for signs of more policy stimulus after the Bank of Japan stored policy on grasp. Japan's Nikkei stock reasonable […]

 
 

After mediation fails, court fight over Nortel begins

After mediation fails, court fight over Nortel begins

WILMINGTON, Del (Reuters) – Bankrupt telecoms equipment large Nortel Networks once boasted of a worldwide operation, however now its former world-vast devices are squaring off over its final remaining asset: $9 billion in cash. Two judges, one in Wilmington, Delaware, and the opposite in Toronto, will jointly hear arguments on […]

 
 

Walgreen attempts to go "green" in energy-producing store

Walgreen attempts to go "green" in energy-producing store

(Reuters) – Walgreen Co is getting behind the "green" part of its name, because it objectives to build what it believes would be the first retailer in america to provide at the least as much vitality because it consumes. The biggest U.S. drugstore chain is preparing to construct the "internet […]

 
 

Exxon turns to auction for Hong Kong power stake: sources

Exxon turns to auction for Hong Kong power stake: sources

HONG KONG (Reuters) – Exxon Mobil Corp has launched an public sale to promote up to $2 billion price of shares in a Hong Kong power challenge after a 12 months-long effort to offload its conserving to its companion yielded no consequence, sources conversant in the matter mentioned. The arena's […]

 
 

Safety board says will issue report on Boeing 787 probe Thursday

Safety board says will issue report on Boeing 787 probe Thursday

WASHINGTON (Reuters) – The Nationwide Transportation Safety Board will difficulty an "meantime factual record" at 11 a.m. ET Thursday on its investigation into a battery fireplace aboard a Japan Airlines Boeing 787 Dreamliner plane on January 7. The ideas will likely be "factual in nature and does no longer provide […]

 
 

BOJ holds fire as Shirakawa era ends, braces for new leadership

BOJ holds fire as Shirakawa era ends, braces for new leadership

TOKYO (Reuters) – The Financial institution of Japan kept monetary coverage unchanged on Thursday, maintaining fireplace to wait for new leaders who are anticipated to usher in bolder measures to take a look at to end nearly twenty years of gentle deflation. The end result was once by way of […]

 
 

Pratt & Whitney says drive to lower F-35 costs "burned in our brain"

Pratt & Whitney says drive to lower F-35 costs "burned in our brain"

WASHINGTON (Reuters) – The head of Pratt & Whitney's militia engine industry mentioned on Wednesday that using down the cost of the F-35 fighter jet was "burned in our mind," however cuts sparked by U.S. budget woes may sluggish the hassle. Bennett Croswell, president of Pratt & Whitney Militia Engines, […]

 
 

Analysis: On the road, propane stakes claim as cheap, clean fuel

Analysis: On the road, propane stakes claim as cheap, clean fuel

NEW YORK (Reuters) – House satellite tv for pc TV provider DISH Community Corp has signed a deal to run 200 of its vehicles on propane, in the newest indication that the niche fuel could quickly rival pure fuel as the United States' low-cost transport various. As soon as considered […]

 
 

Monte Paschi’s spokesman found dead: sources

Monte Paschi’s spokesman found dead: sources

FLORENCE (Reuters) – The spokesman of Monte Paschi di Siena, the Italian bank on the middle of an investigation into alleged corruption and fraud, used to be found lifeless at the bank's Siena headquarters, a judicial supply and a banking supply advised Reuters on Wednesday. David Rossi was once the […]

 
 

Exclusive: Johnson Controls explores auto electronics unit sale

Exclusive: Johnson Controls explores auto electronics unit sale

NEW YORK (Reuters) – Johnson Controls Inc is exploring a possible sale of its car electronics unit, however has no intention of promoting its automotive interiors business, the corporate mentioned on Wednesday. Three people accustomed to the matter advised Reuters earlier on Wednesday that the varied conglomerate was looking to […]

 
 

Pratt & Whitney says drive to lower F-35 costs "burned in our brain"

Pratt & Whitney says drive to lower F-35 costs "burned in our brain"

WASHINGTON (Reuters) – The top of Pratt & Whitney's militia engine industry stated on Wednesday that using down the cost of the F-35 fighter jet was "burned on our brains," however said cuts sparked by means of funds woes could sluggish the hassle. Bennett Croswell, president of Pratt & Whitney […]

 
 

Bank of Japan policy seen on hold as Shirakawa gives way to bolder leadership

Bank of Japan policy seen on hold as Shirakawa gives way to bolder leadership

TOKYO (Reuters) – The Financial institution of Japan is prone to keep monetary coverage unchanged on Thursday, maintaining hearth to look forward to new leaders who are anticipated to bring in bolder measures to try to end just about twenty years of delicate deflation. The two-day meeting that started on […]

 
 

Safety board says will issue report on Boeing 787 probe Thursday

Safety board says will issue report on Boeing 787 probe Thursday

WASHINGTON (Reuters) – The National Transportation Safety Board will issue an "interim factual document" at eleven a.m. ET Thursday on its investigation into a battery hearth aboard a Japan Airlines Boeing 787 Dreamliner aircraft on January 7. The tips will be "factual in nature and does not present any prognosis," […]

 
 

Plosser becomes second Fed official to want to pare asset buys

Plosser becomes second Fed official to want to pare asset buys

LANCASTER, Pennsylvania (Reuters) – A second Federal Reserve policymaker is looking on the U.S. imperative bank to have some patience and begin tapering the amount of bonds it is shopping for, instead of ramping up stimulus with every month. Philadelphia Fed President Charles Plosser said on Wednesday the advantages of […]