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Yahoo

Business - Wal-Mart loses bid to keep documents on bribery probe from shareholder


The Delaware Supreme Court affirmed on Wednesday a lower court ruling that ordered Wal-Mart Stores Inc to provide a shareholder with documents related to the company`s internal probe of allegations the retailer had paid bribes in Mexico. Wal-Mart had appealed a ruling by Delaware`s lower Court of Chancery that ordered the company to produce documents to an Indiana union pension trust, which owns the company`s stock. The trust had sued Wal-Mart for access to the documents, saying it needed them to determine if the company`s board breached duties to shareholders by failing to investigate bribery allegations. Wal-Mart did not immediately respond to a request for comment.


Thursday, July 24, 2014  00:43

Yahoo

Business - Carey pressured from both sides of Fox Time Warner deal to stay in job


By Ronald Grover , Jennifer Saba and Liana B. Baker LOS ANGELES/NEW YORK (Reuters) - Chase Carey, Twenty-First Century Fox`s president and chief operating officer, may be feeling pressure to stay in his job for several more years both from his boss, Rupert Murdoch, and from the company Murdoch is trying to buy, Time Warner Inc. As Murdoch mulls his next step following Time Warner`s rejection of his $80 billion offer, some Time Warner investors say they are concerned about who might succeed the 83-year-old chairman and chief executive. In particular, they`re not sure whether Murdoch`s sons, James, 41, and Lachlan, 42, are ready to manage the integration challenge. The 60-year-old New Yorker, who`s been working for Murdoch since 1988 and earned a reputation for a no-nonsense leadership style, signed a two-year contract with Fox in June that gives him the option to opt out after 18 months.


Thursday, July 24, 2014  06:14

BBC

Asia-Pacific - China manufacturing growth speeds up


China`s manufacturing activity grows at its fastest pace in 18 months in July, an initial survey by HSBC shows, the latest sign that its economy may be stabilising.


Thursday, July 24, 2014  04:41

Yahoo

World - China manufacturing index jumps to 18-month high: HSBC


A key measure of Chinese manufacturing activity hit an 18-month high in July, HSBC said Thursday, in a further sign the world`s second-largest economy is gaining momentum on the back of Beijing`s mini-stimulus. The HSBC preliminary purchasing managers index (PMI), which tracks activity in China`s factories and workshops, leapt to 52.0 this month, its highest since January 2013, according to the British banking giant. `Economic activity continues to improve in July, suggesting that the cumulative impact of mini-stimulus measures introduced earlier is still filtering through,` HSBC economist Qu Hongbin said in a statement accompanying the data. The figures are compiled by financial information services provider Markit and released by HSBC.


Thursday, July 24, 2014  04:54

Yahoo

Business - China July HSBC flash PMI rises to 18-month high


Activity in China`s factory sector expanded at its fastest pace in 18 months in July, a preliminary HSBC survey showed on Thursday, as a raft of government stimulus measures kicked in. China`s economy grew slightly faster than expected in the second quarter as a burst of government stimulus paid dividends, but analysts said Beijing will likely need to offer further support to meet its growth target of around 7.5 percent for 2014.


Thursday, July 24, 2014  03:22

Yahoo

Business - China July HSBC flash PMI at 18-month high as stimulus spurs economy


China`s factory activity expanded at its fastest pace in 18 months in July as new orders surged, a preliminary HSBC survey showed on Thursday, the latest indication that the economy is picking up as government stimulus measures kick in. `Economic activity continues to improve in July, suggesting that the cumulative impact of mini-stimulus measures introduced earlier is still filtering through,` said Qu Hongbin, chief economist for China at HSBC. `We expect policy makers to maintain their accommodative stance over the next few months to consolidate the recovery.` Mainland China stocks jumped after the PMI report while shares in the rest of Asia edged higher. The Australian dollar hit a three-week high on prospects of stronger exports to China.


Thursday, July 24, 2014  05:20

Yahoo

Business - China July HSBC flash PMI at 18-month high


China`s factory activity expanded at its fastest pace in 18 months in July as new orders surged, a preliminary HSBC survey showed on Thursday, the latest indication that the economy is picking up as government stimulus measures kick in. The HSBC/Markit Flash China Manufacturing Purchasing Managers` Index rose to 52.0 in July from June`s final reading of 50.7, beating a forecast of 51.0 in a Reuters poll. `Economic activity continues to improve in July, suggesting that the cumulative impact of mini-stimulus measures introduced earlier is still filtering through,` said Qu Hongbin, chief economist for China at HSBC. `We expect policy makers to maintain their accommodative stance over the next few months to consolidate the recovery.` Mainland China stocks jumped after the PMI report while shares in the rest of Asia edged higher.


Thursday, July 24, 2014  04:15

CNN

Market - China`s factories power ahead to 18-month high


Manufacturing activity is at an 18-month high in China as factories roar to life after a dismal start to the year.


Thursday, July 24, 2014  04:28

Yahoo

World - China factory index at 18-month high in July


HONG KONG (AP) — A survey shows China`s factory activity rose in July to its highest level in 18 months, a sign that mini-stimulus measures to shore up the world`s No. 2 economy have taken hold.


Thursday, July 24, 2014  03:48

CNN

World - Look at me! 18 selfies of the week



Wednesday, July 23, 2014  12:29

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