China, the world's top consumer of cotton, will slash its import quotas for 2015 to boost demand for domestic fiber, a senior official said on Monday, driving futures prices in both China and the United States lower.
Industry
Fed officials take aim at regulations for small banks
Federal Reserve officials on Tuesday offered their support to the nation's community banks, acknowledging that the complex financial reform effort is saddling small lenders with a heavy supervision load.
Starbucks buying full control of Japan unit for $914 million
Starbucks Corp (SBUX.O) on Tuesday said it plans to buy the remaining 60.5 percent share of Starbucks Coffee Japan Ltd (2712.T) that it does not already own in a two-step deal valued at about $913.5 million.
Walgreen explores sale of $1.5 billion infusion business: sources
U.S. drugstore chain operator Walgreen Co (WAG.N) is exploring the sale of a majority stake in its infusion services business, in a deal that could value that division at around $1.5 billion, according to four people familiar with the matter.
Wall St. ends lower, S&P 500 falls for third straight da
U.S. stocks fell on Tuesday, with consumer staples leading the S&P 500 down to its third straight daily loss, as investors grew concerned about the pace of global economic growth.
Latest News
Blackstone Group L.P. (BX.N) has agreed to buy a stake in China's Xinrong Best Medical Instrument Co, the U.S. private equity firm said in a statement on Tuesday. Blackstone did not give the size of the stake or other financial details.
The stage musical of "The Lion King" has generated the highest total box office of any production in any entertainment medium, with worldwide takings of more than $6.2 billion, a spokesman for Walt Disney Co said on Monday.
Jonathan Mosen, who has been blind since birth, spent his evening snapping photos of packages in the mail, his son's school report and labels on bottles in the fridge. In seconds, he was listening to audio of the printed words the camera captured, courtesy of a new app on his Apple Inc iPhone.
Israel's finance and economy ministries on Monday approved a plan by Intel Corp to invest $6 billion in the upgrade of its chip manufacturing plant, in what would be the largest single investment by a foreign company in the country.
Sony Corp said PlayStation TV set-top box, which allows users to access movies and TV episodes from the PlayStation store, will hit stores in the United States and Canada on Oct. 14.
Activity in China's manufacturing sector unexpectedly picked up in September even as factory employment slumped to a 5-1/2-year low, a survey showed on Tuesday, a potential source of worry for Communist leaders who prize social stability above all else.
Facebook Inc is set to unveil a new advertising platform to improve effectiveness of online ads, the Wall Street Journal reported on Monday citing people with knowledge of the matter.
Asian shares slipped on Tuesday as a periodic bout of angst over China combined with the U.S. dollar's recent meteoric run to pile pressure on commodity prices.
A bitter Air France labor dispute deepened on Monday as management pledged to press ahead with its low-cost airline ambitions and pilots said that an eight day-old strike over the proposals would continue indefinitely as a result.
