Apple supplier Foxconn to shrink workforce as sales growth stalls

Taiwan's Foxconn Technology Group, the world's largest contract electronics manufacturer, will cut its massive workforce, the company told Reuters, as the Apple Inc (AAPL.O) supplier faces declining revenue growth and rising wages in China.


Oil price recovers as dollar weakens against euro

Oil prices steadied above $48 a barrel on Tuesday, recovering from earlier losses as the dollar weakened against the euro.

Gas Nozzle

British growth slows, but 2014 still fastest in seven years

Britain's economic growth slowed more than expected in the final three months of last year, but with annual growth still at its fastest since 2007 the data gave ammunition to both sides of the political divide heading into May's election.




Jobs & Career News

GE profit rises, helped by power, aviation units

General Electric

General Electric Co (GE.N) posted a rise in quarterly profit on Friday, helped by its businesses selling power-generating turbines and jet engines, although sales in its oil and gas unit slumped.

U.S. banks resign themselves to lower yields for longer

Wells Fargo

U.S. banks, after spending much of the last year bracing themselves for higher bond yields, are now resigning themselves to at least another few quarters of low rates, executives and analysts said

European shares hit seven-year high

Stock Market

European shares were at a seven-year high and the euro sat near an 11-year low on Thursday as the European Central Bank prepared to take the plunge into full-scale quantitative easing.

A message from Davos: Quantitative easing alone won't solve Europe's ills

Euro Sign

Financial markets have been obsessing for months about the timing, size and structure of a European Central Bank bond-buying program that seems likely to be unveiled on Thursday.

Verizon revenue rises as retail postpaid subscribers increase


Verizon Communications Inc's quarterly revenue rose 6.8 percent due to higher net addition of postpaid subscribers and a rise in average revenue per account as users added more devices to shared data plans.

European Union

EU aims to complete capital markets union by 2019 - document

The European Union will put in place its "capital markets union" by 2019, starting with quick wins like encouraging direct investment in businesses, an EU document seen by Reuters showed.

Stock Ticker

Mixed earnings, Greek jitters fuel market caution

The euro rose and shares slipped in Europe on Tuesday as mixed corporate earnings and concerns over Greece kept investors cautious ahead of a busy week which will include the first policy meeting of the U.S. Federal Reserve this year.

Stock Exchange

Stock futures edge lower after Greek elections

U.S. stock index futures dipped on Monday after a victory by the leftist Syriza party in Greece raised concerns about new instability in the euro zone.

Wall Street

NY insider trading ruling tests prosecutors beyond Wall Street

A court ruling that sharply curtailed the ability of prosecutors including Manhattan U.S. Attorney Preet Bharara to pursue insider trading cases is increasingly testing regulators' abilities across the country.

Christine Lagarde

IMF's Lagarde rules out special treatment for Greece

Greece must respect the euro zone's rules and cannot demand special treatment for its debt in the wake of the victory of anti-austerity party Syriza, International Monetary Fund chief Christine Lagarde said in a newspaper interview on Monday.


Lenovo's Motorola looks to take market share from China rivals

Motorola, the mobile handset maker bought by China's Lenovo Group Ltd (0992.HK) from Google Inc (GOOGL.O) for $2.9 billion, is optimistic about its prospects in the Chinese market, its president told Reuters.

Samsung Electronics

Samsung Electronics to be main chip supplier for next iPhone: South Korea paper

South Korea's Samsung Electronics Co Ltd (005930.KS) will be the main supplier of processors powering Apple Inc's (AAPL.O) next iPhone, Maeil Business Newspaper reported on Monday, citing unidentified sources in the semiconductor industry.

Assembly Line

Evaporating inflation and growth put pressure on central banks

Businesses across Asia and Europe have slashed prices at the start of the year to drum up trade, surveys showed on Friday, a day after the European Central Bank voted to print money in a bid to revive inflation.

Stock Market

Shares, bonds lifted by QE; oil up after Saudi king dies

Stocks and bonds surged worldwide and the euro sank to an 11- year-low on Friday, the day after the European Central Bank announced a quantitative easing plan. Oil rose following the death of the king of Saudi Arabia.


Oil jumps as Saudi king's death feeds market uncertainty

Oil prices rose on Friday after the death of Saudi Arabia's king added more uncertainty to an oil market that has more than halved over the last six months.

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