TOKYO (Reuters) – Japan’s struggling electronics maker Sharp Corp is set to post a net loss of 180 billion yen ($1.45 billion) in the current year through next March, Kyodo News reported on Thursday, without citing sources. Sharp last month secured a $1.9 billion bailout, its second major bank-led rescue in three years, and reported a net loss of 222 billion yen in the last fiscal year, its third net
(Reuters) – Dish Network Corp and T-Mobile US Inc are discussing a deal to combine the second-largest satellite TV operator in the United States with the fourth-largest wireless carrier, a person familiar with the matter said on Thursday. Dish and T-Mobile US shares were up 5.6 percent and 4.8 percent respectively in morning trading on Thursday, whilst those of T-Mobile’s majority owner Deutsche Telekom were up 2.9 percent. A deal,
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John Paulson’s $400 million donation to Harvard and Germany’s 10-year bond yield stoking 1% temper tantrums.
T. Boone Pickens says Saudi production is topping out at about 10 million barrels per day and oil prices will return to $70 per barrel by year end.
A co-owner of the Four Seasons is charged with sexually abusing an acquaintance during a party at the famed New York City restaurant. Julian Niccolini was arraigned Wednesday night. As he left Manhattan …
Last year, Costco Wholesale moved almost 400,000 vehicles of all major brands in the U.S., twice as many as in 2008. Costco is tapping America’s growing wariness with car dealers. Costco doesn’t sell cars per se.
Fewer Americans sought unemployment benefits last week, a sign that job cuts remain low as employers are confident enough in the business outlook to hold onto their staffs.
China’s red-hot Shenzhen stocks are the next “short of a lifetime”, closely watched investor Bill Gross announced late Wednesday, however many strategists beg to differ.
The U.S. tight-oil boom is here to stay despite low crude prices as technological breakthroughs will allow steep reductions in costs, the head of U.S. firm ConocoPhillips (COP.N) told a seminar organised by oil-producing group OPEC. Tight-oil reservoirs can remain viable today, breakeven costs are already down by 15 to 30 percent,” Ryan Lance, chairman and CEO of Conoco, said on Thursday. The North American shale oil industry “will survive
