High-Speed Stock Traders Turn to Laser Beams

As high-speed stock traders push to trade ever faster, their newest move involves harnessing a technology that U.S. military jets use to communicate as they soar across the sky: lasers. In March, a small Chicago communications company plans to switch on an array of laser devices linking the New York Stock Exchange’s data center in […]

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Emerging markets output growth slows to four-month low

LONDON (Reuters) – Business activity across emerging markets expanded in January at the slowest pace in four months, dragged down by sluggish services sectors in the BRIC quartet of big developing countries, a survey showed on Monday. HSBC’s composite emerging markets index of manufacturing and services purchasing managers’ surveys slipped for the second month running […]

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Facebook’s Mark Zuckerberg biggest giver in 2013

SEATTLE (AP) — Mark Zuckerberg and his wife, Priscilla Chan, were the most generous American philanthropists in 2013, with a donation of 18 million shares of Facebook stock, valued at more than $970 million, to a Silicon Valley nonprofit in December. The Chronicle of Philanthropy reported Monday that Zuckerberg’s donation was the largest charitable gift […]

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Chinese Official Made Job Plea to JPMorgan Chase Chief

The executive suites of JPMorgan Chase in Midtown Manhattan may seem a world away from the politically connected Chinese job applicants who landed on the bank’s payroll. But a confidential email has emerged that shows a top Chinese regulator directly asked Jamie Dimon, the bank’s chief executive, for a “favor” to hire a young job […]

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Will U.S. stock buyers beat back the bear?

By Angela Moon NEW YORK (Reuters) – After the SP 500′s first weekly gain in a month, investors will see next week whether the U.S. stock market’s rally of the last two days is the shape of better things to come – or if this year’s weakness will turn into a full-fledged correction. The SP […]

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Big Pharma pushes for U.S. action against India on drugs

By Sumeet Chatterjee and Ben Hirschler MUMBAI/LONDON (Reuters) – Global pharmaceutical firms are pressuring the United States to act against India to stop more local companies producing up to a dozen new varieties of cheap generic drugs still on-patent, sources with direct knowledge of the matter said. An Indian government committee is reviewing patented drugs […]

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Fears of slowdown sharpen focus on US jobs report

WASHINGTON (AP) — Fears of an economic slowdown are heightening anticipation of what Friday’s U.S. jobs report for January might reveal. Stock markets have sunk after signs of weaker growth in the United States, Europe and China. Turmoil in developing countries has further spooked investors. The upheaval has renewed doubts about the Federal Reserve’s next […]

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Japan leads global sell-off as jitters remain

LONDON (AP) — Japanese shares led another global market sell-off Tuesday as investors fretted over the U.S. economic recovery amid ongoing uncertainties about the outlook for emerging economies. Diving over 4 percent, the Nikkei 225 stock index ended at a four-month low, sending shivers across Asia. European stock markets are down again but the pace […]

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UK says close to placing order for F-35 jets

By Adrian Croft MUNICH (Reuters) – Britain is close to placing its first order for Lockheed Martin-built (LMT) F-35 super-stealth jets, Defence Secretary Philip Hammond said on Saturday. Reuters cited sources last week as saying that Britain was likely to announce an order soon for 14 of the advanced jets, marking Britain’s first firm F-35 […]

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AT&T cuts prices for wireless data plan customers

NEW YORK (Reuters) – ATT Inc, the No. 2 U.S. mobile provider, on Saturday announced a price cut for customers who share large data plans in its latest attempt to regain ground lost to market leader Verizon Wireless and No. 4 U.S. operator T-Mobile US. In what the company called its “best-ever prices,” ATT said […]

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