Business News
Victory for Abenomics lifts world stocks to new record10/23/2017 12:10:55 PMLONDON - Japanese Prime Minister Shinzo Abe's convincing election victory lifted the Nikkei to its highest in 21 years and world stocks to an all-time high on Monday, despite an escalation of Spain's constitutional crisis that weighed on the country's banks.Halliburton posts higher profit on North America demand10/23/2017 2:32:55 PM - Halliburton Co reported a rise in third-quarter profit as the oilfield services company benefited from strong drilling activity in North America, its biggest geography by sales.Cisco nears deal to acquire BroadSoft: source10/23/2017 8:13:42 AMSAN FRANCISCO - Cisco Systems Inc , the world’s largest networking gear manufacturer, is nearing a deal to buy U.S. telecommunications software firm BroadSoft Inc for close to $2 billion, a person familiar with the matter said on Sunday.Kaspersky Lab to open software to review, says nothing to hide10/23/2017 2:43:20 PM - Moscow-based Kaspersky Lab will ask independent parties to review the security of its anti-virus software, which the U.S. government has said could jeopardize national security, citing concerns over Kremlin influence and hijacking by Russian spies.UK watchdog fines Merrill Lynch 34.5 million pounds for reporting failure10/23/2017 1:49:30 PMLONDON - Britain's financial watchdog has fined Bank of America's Merrill Lynch investment banking arm 34.5 million pounds ($45.5 million) for its third transaction reporting failure in just over a decade.BlackRock opposes banning companies from indexes over voting rights10/23/2017 2:36:24 PMNEW YORK - BlackRock Inc , the world's largest asset manager, is lambasting the architects of market indexes like the S&P 500 for ostracizing companies that deny equal voting rights to shareholders, saying that doing so could limit the opportunities of investors in index funds.Toshiba sees annual loss of almost $1 billion after tax related to chip unit sale10/23/2017 11:09:13 AMTOKYO - Embattled Japanese conglomerate Toshiba Corp said on Monday it now expects to slide to a net loss of nearly $1 billion this business year after calculating taxes related to the sale of its prized chip unit.Singapore to halt car population growth from next year10/23/2017 1:30:10 PMSINGAPORE - Singapore, one of the world's most expensive places to own a vehicle, will not allow any growth in its car population from February, citing the small city-state's land scarcity and billions of dollars in planned public transport investments.France probing possible Fiat obstruction over 'Dieselgate' affair: document10/23/2017 2:00:58 PMPARIS - Carmaker Fiat Chrysler is subject of a French judicial inquiry over suspected obstruction of a French inquiry into the 'Dieselgate' affair, concerning devices used to cheat on tests over emissions, according to a document obtained by Reuters.Japan's Kobe Steel considering withdrawing its full year earnings forecast: Kyodo10/23/2017 2:26:46 PMTOKYO - Kobe Steel Ltd is considering withdrawing its earnings forecast for this fiscal year as it struggles to quantify the impact of its data falsification scandal, Kyodo reported on Monday.