Call it a Greek winning streak! European markets and U.S. futures jumping on indications a resolution to Athens’ financial crisis could be close at hand. Plus, thanks but no thanks. Health insurance giant Cigna spurns a marriage proposal from bigger rival Anthem. And after Taylor Swift threatens to leave a “blank space” with Apple’s new streaming service in a flap over royalties…the company blinks.
If you wanted to figure out where Asian exports were headed, U.S. manufacturing data used to be a logical place to start. The U.S. is buying more goods from neighbors such as Mexico instead of Asia, and the shale-gas boom has kept demand within the country, said Christy Tan, head of markets strategy for Asia at National Australia Bank Ltd. The recovery in the world’s biggest economy is also more
Surging investment by Chinese companies in U.S. research labs is yielding a fast-growing trove of patents, part of a push to mine America for ideas to help China shift from being the world’s factory floor to a driver of innovation. Largely absent from American research hubs a decade ago, Chinese firms including Huawei Technologies (HWT.UL) and ZTE Corp are now using U.S. researchers to create patents ranging from new software
U.S. health insurer Anthem Inc (ANTM.N) said on Saturday it had offered $47 billion in cash and stock for smaller rival Cigna Corp (CI.N), signaling a pick-up in the industry’s long-awaited consolidation. The biggest U.S. health insurers are seeking acquisitions to boost membership in government-paid healthcare plans and the employer-based insurance that is Cigna’s specialty. Anthem’s offer comes as Cigna, as well as insurer Aetna Inc (AET.N), are participating in
Euro zone leaders will attend an emergency summit on Monday, hoping to thrash out a plan with Athens to provide Greece with additional funds to prevent it defaulting on its debt — but only if both sides play ball. With the outcome uncertain, markets will also be looking at data due on Tuesday for clues as to how the global economy rounded off the first half, with business surveys expected
ATHENS/BRUSSELS (Reuters) – Greek Prime Minister Alexis Tsipras made a new offer on a reforms package to foreign creditors on Sunday, signaling eleventh-hour concessions to break a deadlock that has pushed Greece to the brink of bankruptcy. After months of wrangling and with anxious depositors pulling billions of euros out of Greek banks, Tsipras’s leftist government showed a new willingness this weekend to make concessions that would unlock frozen aid
On Monday, the National Association of Realtors is expected to report strong growth in existing home sales for May. On Wednesday, Lennar (LEN.N), the No. 2 U.S. homebuilder is expected to report that it had a strong second quarter. U.S. permits for future home construction surged to a near eight-year high in May, a sign of a buildup of momentum, but housing starts fell. Broadly, shares of housing stocks have
Back from a visit to Russia, Prime Minister Alexis Tsipras will meet his negotiating team in Athens and may speak to European Commission chief Jean-Claude Juncker by phone to try to break the deadlock before an emergency summit on Monday. With nervy depositors pulling billions out of Greek banks, Athens may have to impose capital controls within days to staunch the flow. While Greece has dug in its heels over
The review highlights Chief Executive Lisa Su’s determination to consider every possible option to turn the company around. Su, however, who took over as CEO last October, judged that there is merit for the company to at least consider such a possibility again, the people added. AMD, which has a market capitalization of around $2 billion, has competed with much larger Intel since the 1980s, and at times has made
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