Business News

Fri, May 25, 2012

China approves Baosteel's $11 billion steel project in Guangdong

BEIJING (Reuters) - The Chinese government has given Baosteel Group the go-ahead to build a 10-million tonne per annum steel project at Zhanjiang port in ...

Fri, May 25, 2012

Chinese Estates head to be prosecuted in Macau over bribery

By Alex Frew McMillan

HONG KONG (Reuters) - Hong Kong tycoon Joseph Lau, who heads developer Chinese Estates Holdings <0127.HK>, will face prosecution over bribery and ...

Thu, May 24, 2012

Exclusive: Fidelity facing "thousands" hit by Facebook woes

By Jessica Toonkel and Tim McLaughlin

BOSTON (Reuters) - Fidelity Investments said it was working with "thousands" of brokerage clients affected by trading issues that ...

Thu, May 24, 2012

Alibaba.com says 83.8 percent of shareholders back privatization

HONG KONG (Reuters) - Alibaba.com Ltd <1688.HK>, Hong Kong-listed unit of China's Alibaba Group , said on Friday that 83.8 percent of its shareholders ...

Thu, May 24, 2012

Lockheed uses temporary workers at striking Texas plant

By Jim Wolf

WASHINGTON (Reuters) - Lockheed Martin Corp , the Pentagon's top supplier by sales, began using temporary workers on Thursday in place of ...

Thu, May 24, 2012

Fannie Mae narrows CEO search to two: report

(Reuters) - Fannie Mae could soon offer its top job to Timothy Mayopoulos, the government-controlled mortgage firm's general counsel, the Wall Street Journal reported ...

Thu, May 24, 2012

Independent director Daft quits Green Mountain board

By Mihir Dalal and Martinne Geller

(Reuters) - Green Mountain Coffee Roasters Inc independent director Douglas Daft resigned from its board this week at a ...

Thu, May 24, 2012

Chile Codelco CEO Hernandez to resign, CFO to step in

By Alexandra Ulmer and Fabian Cambero

SANTIAGO (Reuters) - Chilean state copper giant Codelco's CEO Diego Hernandez abruptly resigned on Thursday and will be ...

Thu, May 24, 2012

Lehman in $1.58 billion Archstone apartment deal: sources

By Ilaina Jonas

NEW YORK (Reuters) - Lehman Brothers Holdings Inc, one of three owners of Archstone, has reached a deal to buy the last ...

Thu, May 24, 2012

What would Greek exit mean for the U.S. economy?

By Stella Dawson

WASHINGTON (Reuters) - Uncertainty over the fate of the euro currency is already dampening U.S. economic growth and any significant worsening ...