Business News

Mon, May 21, 2012

Opel CEO to face heat from workers over likely plant closure

FRANKFURT, Germany (Reuters) - The head of General Motors unit Opel will face workers' concerns on Monday over reported plans to shut one of its ...

Sun, May 20, 2012

Ex-Goldman director faces U.S. jury in insider case

By Grant McCool

NEW YORK (Reuters) - Barely a day went by at the insider-trading trial of multimillionaire hedge-fund founder Raj Rajaratnam a year ago ...

Sun, May 20, 2012

Qantas to cut another 500 maintenance jobs

MELBOURNE (Reuters) - Australia's top airline Qantas Airways said on Monday it is eliminating 500 jobs by merging maintenance facilities to save up to ...

Sun, May 20, 2012

Nasdaq to revamp system after tech problems on Facebook IPO: WSJ

(Reuters) - The Nasdaq is planning to revamp its systems for handling stock offerings after acknowledging that technology problems had affected trading in millions of ...

Sun, May 20, 2012

Australia to seal trade deal with Malaysia

CANBERRA (Reuters) - Australia will sign a free trade agreement(FTA) with Malaysia on Tuesday in a move it hopes will add new momentum to ...

Sun, May 20, 2012

Facebook faces crucial week after modest debut

By Edward Krudy

NEW YORK (Reuters) - Newly issued shares in Facebook Inc may have a hard time in the coming week if lead underwriter ...

Sun, May 20, 2012

G8 growth talk leaves wary markets awaiting action

By William Schomberg

(Reuters) - A pledge by leaders of industrialized nations to help the troubled world economy is unlikely to herald quick new action ...

Sun, May 20, 2012

Facebook shares could fall below IPO price: Barron's

(Reuters) - Shares in social media company Facebook Inc could fall below the initial public offering price of $38, Barron's wrote in its May ...

Sun, May 20, 2012

Insight: China pays high price to spare state firm from bankruptcy

By Gabriel Wildau and Carrie Ho

WEIFANG, China (Reuters) - The Chinese official was adamant the city of Weifang would keep its rayon factory open ...

Sun, May 20, 2012

Euro zone row gets fat pay rise for German workers

By Erik Kirschbaum

BERLIN (Reuters) - A record-breaking pay deal will give millions of German workers their biggest rise in wages in two decades, boost ...