HONG KONG -
Since Qantas Airways cannot see through the clouds ahead, the flying kangaroo has turned on the emergency navigation system and readied a cost-cutting parachute to lighten its load for a safe landing.
Because “high levels of volatility in the economic outlook, industry capacity, passenger demand, fuel prices and exchange rates continue,” Qantas Airways
said Tuesday… »
Billionaire Liliane Bettencourt, L’Oreal’s largest shareholder, does not have much to look forward to this year. Not only will her private life be scrutinized in a much-publicized legal battle between her daughter Francoise and photographer Francois-Marie Banier-who stands accused of wheedling nearly 1.4 billion out… »
It’s a tough business if customers aren’t buying what you’re selling. This summer videogame sales have fallen sharply from last year, defying the prerecession assumption that the industry is growing so fast that nothing can stop it. Investors will get a look at the fallout… »
European carmakers are struggling to reinvent themselves in an effort to fight falls in sales; on Wednesday Berlin predicted 1 million electric cars on Germany’s roads by 2020, as Europe’s… »
To assist the U.S. government Switzerland has lifted its veil of secrecy and has agreed to give 4,450 banking client names to the Internal Revenue Service. The international crackdown on… »
After the stock market lost 37% last year, retail investors have developed a taste for comparatively stodgy fixed-income assets, especially exchange-traded funds. Assets under management by fixed-income ETFs climbed 47%,… »
While recent pullbacks across raw materials may stoke fears of the bubble bursting, commodities bulls are undeterred. Inventories, after all, are extremely low and will have to be replenished once… »
All types of bonds have soared this year, from the debt of speculative-grade companies to the bonds cities and states sell to pay for schools. You might think that, the… »
Economic indicators may point to gradual economic improvements but to consumers facing weak wages, default, unemployment and eroding asset values, there’s little comfort in a “less-bad” economy. With private consumption… »
A young engineer slips a glove on his right hand and wiggles it around at the wrist, then curls in his fingers. A shiny, black robotic hand mounted upright on… »
HONG KONG -
Once again, South Korea showed the world that its judicial system seems to favor protecting influential billionaires over safeguarding stockholders.
Former Samsung Chairman Lee Kun-hee was found guilty on… »
Europe’s biggest carmaker, Volkswagen, is finally taking over Porsche after agreeing on Thursday to buy a 42% stake in the sports car unit of debt-ridden Porsche, ending months of fractious… »