| | |
| Analysis: New tastes, nimble fashion rivals squeeze top U.S. teen chains Wednesday, Aug 21, 2013 09:05 PM PDT  By Phil Wahba and Dhanya Skariachan (Reuters) - Abercrombie & Fitch Co , Aeropostale Inc and American Eagle Outfitters Inc have fallen out of fashion with fickle U.S. teen shoppers and aren't likely to win back their business anytime soon. The retailers, known as the "3As," have long been popular for their cool basics like jeans, hoodies and t-shirts. But young shoppers are now less interested in their logo-centric clothes and more eager to shop for electronics or go to low-cost, fast-fashion chains like Zara, Forever 21 and H&M that offer greater variety more quickly. ... Full Story | Top |
| Golden Calls: Will China embrace a champagne iPhone? Wednesday, Aug 21, 2013 08:17 PM PDT  BEIJING (Reuters) - If Apple hopes to woo more Chinese by adding a glitzy coating - some call it champagne, some gold - to its next iPhone, it may be in for a surprise. While gold is hugely popular as a safe haven and a status symbol - China is set to overtake India as the world's biggest gold consumer this year - shoppers at an Apple store in Beijing weren't all convinced it should be coupled with that pinnacle of mobile gadgetry. Ni Suyang, a 49-year old worker at a Beijing state-owned enterprise, said that color mattered less to her than the glass surface and silver metallic finish. ... Full Story | Top |
| Upbeat China August flash HSBC PMI points to stabilizing growth Wednesday, Aug 21, 2013 07:51 PM PDT  By Kevin Yao BEIJING (Reuters) - Activity in China's vast manufacturing sector hit a four-month high in August as new orders rebounded, a preliminary private survey showed on Thursday, reinforcing signs of stabilization in the world's second-largest economy. The Flash HSBC Purchasing Managers' Index rose to 50.1 from July's final reading of 47.7, which was the weakest in 11 months, though it barely passed the watershed 50 line which demarcates expansion of activities from contraction. ... Full Story | Top |
| Asia shares, currencies find hope in China pickup Wednesday, Aug 21, 2013 07:30 PM PDT  By Wayne Cole SYDNEY (Reuters) - Asian markets were thrown a lifeline on Thursday when surprisingly strong data on China's huge manufacturing sector helped offset rising U.S. bond yields, lifting currencies and shares from deep early lows. Assets across the region had been under heavy pressure after minutes from the Federal Reserve's July policy meeting showed it was still on track to start tapering stimulus as early as next month, sending Treasury yields to two-year highs. But hopes for a pick-up in China were rekindled when HSBC said its preliminary purchasing managers' index rose to 50. ... Full Story | Top |
| Britain enters talks with two consortiums to outsource arms buying Wednesday, Aug 21, 2013 07:11 PM PDT  LONDON (Reuters) - Britain's defence ministry is in talks with two consortiums - led by U.S. engineers CH2M Hill and Bechtel - that are competing to run its 159 billion pound ($249 billion) equipment buying programme to cut delays and cost overruns. A Ministry of Defence (MoD) spokesman said on Wednesday it was taking forward commercial negotiations with the CH2M Hill-led group that also consists of British firms WS Atkins and Serco Group as well as with Bechtel, supported by PricewaterhouseCoopers and PA Consulting. ... Full Story | Top |
| Pentagon cuts F-35 operating estimate below $1 trillion: source Wednesday, Aug 21, 2013 06:54 PM PDT  By Andrea Shalal-Esa WASHINGTON (Reuters) - The U.S. government has slashed its estimate for the long-term operating costs of Lockheed Martin Corp F-35 fighter jets by more than 20 percent to under $1 trillion, according to a senior defense official, a move that could boost international support for the program. The Pentagon has been under pressure for over a year to revise its estimate of maintaining a fleet of more than 2,000 F-35s over 55 years, with industry and military officials arguing that many of the assumptions were outdated and off base. ... Full Story | Top |
| NSA collected 56,000 emails by Americans a year: documents Wednesday, Aug 21, 2013 05:40 PM PDT  By Mark Hosenball and Tabassum Zakaria WASHINGTON (Reuters) - The National Security Agency may have unintentionally collected as many as 56,000 emails of Americans per year between 2008 and 2011 in a program that a secret U.S. court subsequently said may have violated U.S. law and the Constitution, according to documents released on Wednesday. The once-classified documents were released by U.S. ... Full Story | Top |
| Officials in three states fight suit against American Airlines-US Airways merger Wednesday, Aug 21, 2013 05:33 PM PDT  By Kevin Gray and Karen Jacobs MIAMI/ATLANTA (Reuters) - Officials in three states are pushing back against the U.S. government's attempt to block the proposed merger of American Airlines and US Airways to create the world's biggest airline, saying the combined company would benefit their local economies. Last week, the U.S. Justice Department filed a lawsuit challenging the merger, saying it would reduce competition among air carriers and ultimately lead to higher fares for passengers. ... Full Story | Top |
| HP shuffles top ranks, dashes 2014 growth hopes Wednesday, Aug 21, 2013 05:18 PM PDT  By Edwin Chan SAN FRANCISCO (Reuters) - Hewlett-Packard Co shuffled its top ranks on Wednesday, shifting a star executive to a role identifying acquisition targets after a disappointing performance from the division he oversaw curtailed the No. 1 PC maker's 2014 outlook. Shares in HP dropped 8 percent in after-hours trading after the company reported a 9 percent decline in Enterprise Group revenue, the company's second-largest division and a critical component of CEO Meg Whitman's plan to transform HP into a provider of enterprise computing services able to take on IBM and Cisco Systems Inc. ... Full Story | Top |
| Goldman assessing fallout from options trading glitch Wednesday, Aug 21, 2013 04:37 PM PDT  By Lauren Tara LaCapra and Doris Frankel NEW YORK/CHICAGO (Reuters) - Goldman Sachs Group Inc is assessing the financial damage caused by a trading glitch that led to a flood of erroneous options trades, as U.S. regulators began looking into what caused the problem. On Tuesday morning, an upgrade of an internal Goldman system affected options on stocks and some exchange-traded funds with listing symbols beginning with the letters H through L. ... Full Story | Top |
| Exclusive: Onyx provides drug trial data to potential bidders - sources Wednesday, Aug 21, 2013 04:33 PM PDT By Soyoung Kim and Deena Beasley (Reuters) - Onyx Pharmaceuticals Inc has given potential buyers, including Amgen Inc, access to trial data on its new cancer drug, removing a key hurdle that was holding up deal talks, according to three people familiar with the matter. The company's attempt to sell itself for around $9.5 billion hit an impasse in recent weeks after lead bidder Amgen sought trial data about blood cancer drug Kyprolis - something that Onyx was reluctant to share, Reuters reported last week. ... Full Story | Top |
| Japan manufacturers' optimism hits three-year high: Reuters Tankan Wednesday, Aug 21, 2013 04:32 PM PDT  By Stanley White and Izumi Nakagawa TOKYO (Reuters) - Japanese manufacturers' optimism improved to the highest level in three years, a Reuters poll showed, as a weak yen boosted earnings for exporters of textiles, chemicals, steel and other metals. The index of sentiment derived from a monthly Reuters survey of manufacturers rose by 3 points to plus 16 in August, which matched the level it was at in November 2010. A positive readings shows optimists outnumbered pessimists. ... Full Story | Top |
| Google in early talks with NFL on 'Sunday Ticket' service: report Wednesday, Aug 21, 2013 04:28 PM PDT  NEW YORK/SAN FRANCISCO/ (Reuters) - Google Inc has opened discussions with the National Football League to buy the rights to the "Sunday Ticket" subscription TV service now owned by DirecTV, tech blog AllThingsDigital reported on Wednesday, citing sources familiar with the matter. The acquisition, if consummated, would dramatically boost the media efforts of the Internet search company, which is trying to ramp up original programming and earn subscription revenue as opposed to advertising income. ... Full Story | Top |
| Analysis: Detroit carmakers wrestle with Silicon Valley VC model Wednesday, Aug 21, 2013 04:25 PM PDT  By Paul Lienert DETROIT (Reuters) - Detroit automakers General Motors Co and Ford Motor Co , trying to shake off decades of insularity, are looking to California's Silicon Valley and beyond for innovative ideas and technology that could disrupt and even transform the car business. Yet neither company appears to know what such a transformation would look like, nor are they close to commercializing a new product or process that longtime Valley venture capitalists would consider game-changing. ... Full Story | Top |
| Mothballed telescope gets new life as asteroid hunter Wednesday, Aug 21, 2013 04:24 PM PDT By Irene Klotz CAPE CANAVERAL, Florida (Reuters) - NASA will reactivate a mothballed infrared space telescope for a three-year mission to search for potentially dangerous asteroids on a collision course with Earth, officials said on Wednesday. The Wide-field Infrared Survey Explorer, or WISE, telescope also will hunt for targets for a future mission to send a robotic spacecraft to rendezvous with a small asteroid and relocate all or part of it into a high orbit around the moon. ... Full Story | Top |
|
No comments:
Post a Comment