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Chrysler recalls 350,000 vehicles on ignition switch issues
DETROIT (Reuters) - Chrysler Group LLC, a unit of Fiat SpA, said it will recall about 350,000 vehicles from the 2008 model year because of a condition that may cause the ignition key to get stuck or inadvertently move.
Posted on : 2014-09-25 18:49:15
Wall St drops on Apple weakness, dollar concerns
NEW YORK (Reuters) - U.S. stocks were sharply lower moving into the latter stages of trading on Thursday, weighed down by a drop in Apple shares, as each of the major indexes fell more than one percent and the S&P broke below a key support level.
Posted on : 2014-09-25 18:41:30
Exclusive: Facebook to win EU approval for $19 billion WhatsApp bid - sources
BRUSSELS (Reuters) - Facebook , the world's leading social network, will win unconditional EU approval for its $19 billion offer for mobile messaging startup WhatsApp in a deal pitting it against telecoms operators, two people familiar with the matter said on Thursday.
Posted on : 2014-09-25 17:08:45
JSW Energy to buy 3 power plants from Jaiprakash Power
MUMBAI (Reuters) - JSW Energy Ltd said on Thursday it had agreed to buy three operating power plants from Jaiprakash Power Ventures Ltd , as it looks to expand its portfolio beyond coal and lignite-based plants.
Posted on : 2014-09-25 16:33:04
Exclusive: Facebook to win EU approval for $19 billiob WhatsApp bid - sources
BRUSSELS (Reuters) - Facebook , the world's leading social network, will win unconditional EU approval for its $19 billion offer for mobile messaging startup WhatsApp in a deal pitting it against telecoms operators, two people familiar with the matter said on Thursday.
Posted on : 2014-09-25 16:25:56
Reliance Jio raises $750 million loan from Korea Exim Bank
MUMBAI (Reuters) - Reliance Jio Infocomm, the telecommunications arm of Reliance Industries Ltd , said it had raised a $750 million loan from Korea Exim Bank to finance the purchase of telecoms infrastructure from Samsung Electronics.
Posted on : 2014-09-25 15:45:24
Monsoon to retreat from grain areas next week
NEW DELHI (Reuters) - Monsoon rains will retreat next week from India's grain bowl in the northwest, although possible rainfall in its central and southern regions could still help summer crops.
Posted on : 2014-09-25 15:30:10
UK govt looks to shield companies from energy market reform costs
LONDON (Reuters) - Britain is considering plans to protect energy-intensive industry from higher power costs as a result of planned electricity market reforms, a move which could lead to higher costs for households, documents published on Thursday showed.
Posted on : 2014-09-25 15:04:00
JSW Energy to buy hydropower plants from Jaiprakash Power - TV
MUMBAI (Reuters) - JSW Energy Ltd has agreed to buy three hydropower plants from Jaiprakash Power Ventures Ltd , two local television channels reported on Thursday. Financial terms of the deal were not mentioned.
Posted on : 2014-09-25 14:51:30
ADB selling up to $120 million stake in Petronet LNG - sources
MUMBAI (Reuters) - Asian Development Bank (ADB) has launched a share sale in Indian gas supplier Petronet LNG Ltd to raise up to $120 million, three sources with direct knowledge of the deal said on Thursday.
Posted on : 2014-09-25 13:49:26
Wall St opens lower after durables, claims data
NEW YORK (Reuters) - U.S. stocks opened modestly lower on Thursday after the S&P 500 notched its biggest gain in a month and following data on the labor market and durable goods.
Posted on : 2014-09-25 13:38:02
Apple asks new phone users to reinstall iOS 8 after update glitches
REUTERS - Apple Inc pulled back an update to its new operating system and offered a guide to revert to iOS 8 after many iPhone 6 and 6 Plus users complained about a drop in cellular service and inability to use the fingerprint-reading Touch ID.
Posted on : 2014-09-25 13:11:58
Monsoon rains 9 percent below average in past week - weather office
NEW DELHI (Reuters) - Monsoon rains were 9 percent below average in the week ending Sept. 24, the weather office said on Thursday, as the summer rains started withdrawing from the grain bowl belt of the country's northwest.
Posted on : 2014-09-25 12:53:36
Rupee hits 1-1/2 month low; RBI steps in to support
Reuters Market Eye - The rupee hit its lowest level in one-and-a-half months on Thursday, weighed down by a sharp fall in the domestic share market and demand for the greenback from importers, but the Reserve Bank of India (RBI) stepped in to limit further losses.
Posted on : 2014-09-25 12:46:17
Airbus begins maiden flight of hot-selling A320neo
TOULOUSE France (Reuters) - Airbus began the maiden test flight on Thursday of an upgraded passenger jet on which it expects to generate hundreds of billions of dollars of revenue in the coming two decades.
Posted on : 2014-09-25 12:07:03
China steel demand shrinks for first time in 14 years as slowdown stings
DALIAN China (Reuters) - China's steel consumption dropped this year for the first time since at least 2000 due to slower economic growth, leading to a surplus of iron ore in the country and a more than 40 percent plunge in prices of the steelmaking raw material.
Posted on : 2014-09-25 10:35:35
Rosneft may back out of Morgan Stanley oil unit deal - sources
LONDON (Reuters) - Rosneft , Russia's biggest crude oil producer, may back out of a deal to buy Morgan Stanley 's oil trading unit because Western sanctions make it virtually impossible to finance day-to-day operations, three sources close to the state-controlled company said.
Posted on : 2014-09-25 10:32:43
GlaxoSmithKline appoints RBS's Hampton as next chairman
LONDON (Reuters) - Drugmaker GlaxoSmithKline confirmed on Thursday it had chosen Philip Hampton, who currently chairs Royal Bank of Scotland, as its next chairman.
Posted on : 2014-09-25 10:29:58
Sensex, Nifty fall around 1 pct; coal blocks verdict weighs
MUMBAI (Reuters) - The BSE Sensex and Nifty fell for a third consecutive session on Thursday, as lenders and other coal-related firms remained under strong pressure a day after the Supreme Court scrapped all but four of 218 coal blocks allocated by the government since 1993.
Posted on : 2014-09-25 10:21:03
Sensex slumps over 300 points; Nifty trading below 7,900
Reuters Market Eye - The BSE Sensex falls more than 300 points. The Nifty is down over 1 percent, trading below 7,900. The indices are heading for their third consecutive session of falls.
Posted on : 2014-09-25 09:42:49
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