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U.S. Treasury's Lew to press China on currency: officials

U.S. Treasury Secretary Jack Lew will press Chinese officials next week to adopt a more market-determined exchange rate policy, and the Obama administration thinks further yuan appreciation would help the global economy, Treasury officials said on Friday.


As 3G digests Kraft deal, rivals will focus on organic firms

The macaroni and ketchup merger of Kraft Foods Group (KRFT.O) and H.J. Heinz Co may prove a boon to the far smaller natural and organic food companies that have seized market share as consumers shift away from processed foods, bankers and portfolio managers said.

Oil dives 5 percent as worries about Iran talks trump Yemen

Oil tumbled 5 percent on Friday, erasing the previous session's gains, as Yemen's conflict looked less likely to disrupt Middle East crude shipments and investors turned their focus to talks for a potential Iran nuclear deal that could put more supply on the market.

Intel in talks to buy Altera, shares of firms surge

Intel Corp (INTC.O) is in talks to buy fellow chipmaker Altera Corp (ALTR.O) in a deal likely to top $10 billion, according to a source familiar with the matter, making it Intel's biggest purchase ever and the latest merger in the quickly consolidating semiconductor sector.


Latest News

Twitter Inc launched a video streaming app called Periscope on Thursday, just days after reports that it had blocked a rival app called Meerkat.
Virtual reality, artificial intelligence and drones will enable Facebook Inc to create a more lifelike and useful social network, the company said in its clearest explanation so far for technology projects that have puzzled some investors and analysts.
GameStop Corp's full-year profit forecast missed Wall Street expectations as the dollar strengthened and demand for new PlayStation 4 and Xbox One consoles failed to make up for falling sales of earlier versions.
Apple Inc (AAPL.O) Chief Executive Tim Cook is joining the roster of the very rich who are giving away their wealth. Fortune magazine cited the head of the world's largest technology corporation as saying he planned to donate his estimated $785 million
RadioShack Corp's rescue deal to keep 1,740 stores open was attacked on Thursday by the bankrupt retailer's top creditor, a failed bidder who called the auction a sham and sought a new sale.
Amazon.com (AMZN.O) is in talks to buy online luxury retailer Net-a-porter in what could be the biggest acquisition yet for the e-commerce giant, but the negotiations are in early stages and could fall apart, Forbes reported, citing a person familiar with the matter.
The Chevrolet Malibu has been a symbol of General Motors Co’s (GM.N) competitive woes for nearly 20 years due to designs that critics often lambasted as boring. Now, the No. 1 U.S. automaker is telling suppliers a redesigned version of the midsize sedan will deliver a long-awaited sales jolt.
Employers have ratcheted up the financial incentives they offer workers to participate in wellness programs to a record $693 per employee, on average, this year from $594 in 2014 and $430 five years ago, found a report released on Thursday.
Ketchup maker H.J. Heinz Co, backed by Warren Buffett's Berkshire Hathaway Inc (BRKa.N) and Brazilian private equity firm 3G Capital, will combine with Kraft Foods Group Inc
Patent holding company Intellectual Ventures' second crack at holding Motorola Mobility liable for using its technology without permission partially succeeded on Wednesday after a U.S. jury in Delaware found Motorola infringed a patent on multimedia text messaging.
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