TOKYO (Reuters) – Asian stocks extended gains on Tuesday as overnight strength on Wall Street and the Federal Reserve’s cautious turn underpinned appetite for riskier assets, while the dollar held firm on last week’s upbeat U.S. data. European shares were expected to open higher, with financial spread-betters seeing Britain’s FTSE, France’s CAC, Germany’s DAX to […]
NEW YORK (Reuters) – Many U.S. companies that gorged on cheap debt with forgiving terms over the last decade now find themselves shackled by it, spending much of their earnings paying off lenders rather than investing in their businesses or hiring. As small firms, which together account for half of U.S. employment, begin to feel […]
TOKYO (Reuters) – German Chancellor Angela Merkel said on Tuesday Germany needs guarantees that China’s Huawei Technologies will not hand over data to the Chinese state before the telecoms equipment supplier can participate in building its 5G network. Merkel, on a visit to Japan, said that due to security concerns, it was important to speak […]
LONDON (Reuters) – HMV, the British music retailer that collapsed after Christmas, has been sold to the owner of Canada’s Sunrise Records in a deal that will save 100 stores and 1,487 jobs, its joint administrators said on Tuesday. Sunrise Records CEO Doug Putman said he was delighted to acquire “the most iconic music and […]
HMV has been saved from administration by Canadian music retailer Sunrise Records. The announcement comes just days after Sports Direct Boss Mike Ashley was rumoured to have put forward a bid that included a six month rent holiday. Sunrise, which is owned by Doug Putman, will acquire 100 stores across the UK, securing the future […]
Michael O’Leary is synonymous with Ryanair. He cultivated its brash, youthful arrogance as it battled regulators, governments and the Brussels, growing it from a small, upstart carrier on the edge of Europe, to its dominant low-cost carrier. But the same traits that characterised the carrier for much of Mr O’Leary’s tenure as CEO also sometimes […]
WASHINGTON (Reuters) – T-Mobile US Inc told the U.S. Federal Communications Commission on Monday it would not increase prices for three years, with few exceptions, if it gets approval to buy rival Sprint Corp for $26 billion. In a letter to the FCC, T-Mobile Chief Executive John Legere asked the government to move forward “expeditiously” […]
SEATTLE (Reuters) – Boeing Co is pushing to speed up assembly of its best-selling 737 jetliner in early summer, two people familiar with the plan said on Monday, as it tries to keep up with soaring global demand and its European rival. Boeing aims to begin assembling 57 single-aisle jets per month starting on June […]
Bus travel should become free to help people out of their cars and drive down greenhouse gas emissions, environmental campaigners have urged. The proposal comes ahead of the release of official figures which are expected to show transport was the biggest contributor to the UK’s carbon pollution problem in 2017. Provisional data for the year […]
(Reuters) – The once-mighty Sears department store chain took its fight for survival to a bankruptcy judge on Monday, arguing the proposed $5.2 billion sale to its chairman, Eddie Lampert, would help save 45,000 jobs and keep 425 stores open. U.S. Bankruptcy Judge Robert Drain said on Monday he would rule on the sale to […]