Money & Finance

TechCrunch Lenovo admits its Motorola business 'has not met expectations' TechCrunch Lenovo has admitted that it has failed to build on its acquisition of Motorola. The Chinese firm acquired the phone-maker from Google for $2.91 billion in late 2014 and, in its end-of-year earnings report published today, it said the post-deal ... Lenovo Announces Fourth Quarter and Full Year 2015/16 ResultsBusiness Wire (press release) China's Lenovo swings to full-year loss on M&A costsReuters CompaniesLenovo suffers first loss in 6 yearsFinancial Times Hong Kong Standard (press release) -Infotech Lead (registration) (blog) all 9 news articles » Google

Business Insider Migration to Britain is nearing an all-time high with the EU referendum less than a month away Business Insider LONDON (Reuters) - Net migration to Britain rose to 333,000 last year, according to the final set of official data to be released before Britons vote in an EU referendum in which the number of new arrivals from Europe has driven much opposition to the ... and more » Google

Reuters Oil tops $50, lifts commodity stocks but Fed, China weigh Reuters LONDON Brent crude oil topped $50 a barrel for the first time in nearly seven months on Thursday lifting commodity and energy-related shares in Europe and Asia though worries about U.S. interest rates and signs of slowdown in China limited gains. Oil's ... Asia markets mixed; Brent hits $50 for the first time in nearly 7 monthsCNBC Global Stocks Steady, Rising Oil Prices Buoy Energy SectorWall Street Journal Ringgit Tops Emerging-Currency Gains as Brent Breaches $50 MarkBloomberg Barron's (blog) -Investing.com -FastMarkets Metal News -Times of India all 23 news articles » Google

Financial Times Coming up at the bottom of the hour: UK Q1 GDP 2nd reading ForexLive Not a lot of expectation on this release but it includes more detail/stat than the first so should provide a more accurate reflection. Recent data hasn't been brilliant but the market wants Mr Pound right now so it will be interesting to see the ... UK economy dragged back by weak business investment and trade – liveThe Guardian EconomyUK economy grows 0.4 per cent in Q1Financial Times UK business investment falls ahead of EU referendumReuters Telegraph.co.uk -Investing.com -Economic Calendar -London South East (registration) (blog) all 17 news articles » Google

Washington Post The Latest: French Officials Say Energy Supply Won't Run Out ABC News France's junior minister for transport is insisting that strikes at oil refineries and nuclear plants won't leave the country without gasoline or electricity. On a day of nationwide action against a labor reform, Alain Vidalies said on Europe-1 radio ... France: Day of strikes, protests, fuel blockades over laborGreenwich Time France Digs In to Endure Oil Strike With Release of Fuel ReserveBloomberg France oil refinery strikes persist; refineries slow or shut productionSeeking Alpha WBUR -KSL.com -Hellenic Shipping News Worldwide -Tank Storage magazine all 16 news articles » Google

U.S. News & World Report German yields nudge up as oil prices clear $50 a barrel Reuters LONDON May 26 Europe's benchmark German bond yield nudged up on Thursday as oil prices cleared $50 for the first time in 2016 and raised the prospects of a future boost to the bloc's near-zero inflation. The tentative rise in yields, which followed a ... Europe ends higher as banks jump 3.3%; oil recovers; M&S tanks 10%CNBC Europe shares up after fresh debt relief deal for GreeceIrish Times European stocks boosted by Greek bailout deal, gains for oilMorningstar.com Xinhua -DIGITALLOOK -Economic Calendar -Ticker Magazine all 24 news articles » Google

Jobless claims drop in 54 counties Beckley Register-Herald Jobless claims in April fell in 54 of the state's 55 counties, according to WorkForce West Virginia data, but whether the lower unemployment numbers are indicative of West Virginia coming out of a recession is still an unknown. The only county seeing ... and more » Google

Bloomberg Debenhams Names Amazon Fashion's Sergio Bucher as New Chief Bloomberg Debenhams Plc, the struggling U.K. department-store chain, named Amazon.com Inc. fashion executive Sergio Bucher as its new chief executive officer. Bucher will join in October, replacing Michael Sharp, who announced his departure last autumn and will ... UPDATE 1-Britain's Debenhams names Amazon's Bucher as new CEOReuters CompaniesDebenhams poaches Amazon's Sergio Bucher as new CEOFinancial Times Debenhams Appoints Amazon.com Executive Sergio Bucher as CEONasdaq BBC News -Yahoo News -City A.M. -Belfast Telegraph all 14 news articles » Google

New York Times Indonesia Approves Castration for Sex Offenders Who Prey on Children New York Times Suspects in the gang rape and murder of a 14-year-old schoolgirl before their trial in Curup, Bengkulu Province, Indonesia, this month. The seven teenagers were each sentenced to 10 years in prison for the crime. Credit Diva Marha/Agence France-Presse ... Indonesia Introduces Chemical Castration for Sex Offenses Against ChildrenTIME Child sex abuse in Indonesia now punishable by chemical castrationCNN Indonesia Allows Death, Chemical Castration as Punishment for Child Sex AbuseWall Street Journal BBC News -cleveland.com -Washington Post -Yahoo News all 84 news articles » Google

Reuters Oil prices top $50, Asian shares struggle on China worries Reuters TOKYO Brent crude oil rose above $50 a barrel for the first time in nearly seven months on Thursday but Asian shares struggled to gain traction, with worries about U.S. interest rates and China's slowing economy keeping many investors on the sidelines. Asian Energy Shares Boosted by Oil's RiseWall Street Journal Asian bourses unable to advance alongside oilFinancial Times China stocks fall to 2-1/2 month lows on economy worries, HK slipsDaily Mail South China Morning Post -Appeal-Democrat -Times of India -CNBC all 46 news articles » Google

Los Angeles Times California cap-and-trade auction falls far short, delivering blow to state revenue and bullet train financing Los Angeles Times The latest auction in California's cap-and-trade market for greenhouse gases fell sharply below expectations, as buyers purchased just 2% of the carbon credits whose sale funds a variety of state programs -- notably, the proposed high-speed rail project. California sells 11 pct of carbon permits offered at May auctionReuters Demand plummets for California pollution creditsMonterey County Herald California carbon emission auction proceeds fall shortSacramento Bee Environmental Defense Fund (blog) -Carbon Pulse (subscription) all 8 news articles » Google

Reuters China Accuses US of Hampering Trade With Steel Duties New York Times BEIJING — China accused the United States on Thursday of hampering trade after Washington imposed duties of up to 450 percent on Chinese steel in its latest response to a flood of low-priced imports. The Ministry of Commerce complained U.S. regulators ... US levies hefty duties on Chinese corrosion-resistant steelReuters China Steel Glut Tops G-7 Chatter as Leaders Meet in JapanBloomberg Steel Industry Steadily Gaining StrengthZacks.com ChronicleLive -BBC News -Financial Times -South China Morning Post all 35 news articles » Google

CNN The US is still using floppy disks to run its nuclear program CNN (CNN) Want to launch a nuclear missile? You'll need a floppy disk. That's according to a new report by the U.S. Government Accountability Office (GAO), which found that the Pentagon was still using 1970s-era computing systems that require "eight-inch ... The Pentagon's Huge Atomic FloppiesTIME US nuclear emergency messaging system still uses floppy disksThe Hill Gov't report: Feds spend billions to run ancient technologyWashington Post ABC News -PCWorld -CNBC -New York Daily News all 29 news articles » Google

Wall Street Journal Regeneron Named as Science Talent Search Sponsor Wall Street Journal Regeneron Pharmaceuticals Inc. REGN -0.81 % was selected as the new named sponsor of the Science Talent Search, making the biotechnology company the third corporate benefactor of the iconic 75-year-old high-school science competition once widely ... Nation's most prestigious school science competition has new sponsor: RegeneronWashington Post Biotech Regeneron changes Intel as sponsor of Science Skill SearchStock Transcript Biotech company will sponsor historic high school science competitionScience Magazine I4U News -Science News for Students all 10 news articles » Google

Reuters Japan's Abe takes G7 leaders to shrine as economy tops summit agenda Reuters ISE-SHIMA, Japan Japanese Prime Minster Shinzo Abe escorted Group of Seven (G7) leaders to the Shinto religion's holiest site on Thursday before a summit covering topics from risks to the global economy to refugees and China's maritime assertiveness. World leaders open G7 talks with economy in focusYahoo News G7 Japan: World leaders visit Shinto religion's holiest shrineBBC News The Latest: G-7 leaders arrive at Japan's sacred Ise shrineAlbany Times Union The Guardian -Daily Mail -City A.M. -Xinhua all 553 news articles » Google

Wall Street Journal Brent Crude Rises Above $50 a Barrel Wall Street Journal HONG KONG—International oil prices rose to their highest levels in six months on Thursday, as the recent decline in U.S. crude stocks raised expectations for a tightening in the market amid lower global supply. Brent, the international benchmark for ... Brent Trades Above $50 for 1st Time in 6 Months as Supplies DropBloomberg Crude tests $50, as output declines offset gasoline inventory buildNasdaq Crude futures flirt with $50/b after EIA reports crude stock drawPlatts Yahoo News -StreetInsider.com -FuelFix (blog) -KHOU.com all 124 news articles » Google

Wall Street Journal Mexico's Arca Continental to Bottle, Distribute Coca-Cola in Southwest US Wall Street Journal Coca-Cola Co. KO 0.02 % said Wednesday it plans to transfer its soda manufacturing and distribution in Texas and parts of Oklahoma to a joint venture headed by Mexico's Arca Continental SAB. The letter of intent with Arca, Coke's second-largest bottler ... Venezuela Crisis 2016: Coca-Cola Sugar Shortage Latest Blow To Big Companies Operating In Country On Brink Of ...International Business Times Mexico's Arca signs letter of intent with Coca-Cola bottling franchise in USReuters Coca-Cola Enterprises (CCE) Shareholders Approve MergerNasdaq Seeking Alpha -The Punch -Money Morning -Seneca Globe all 64 news articles » Google

Reuters HP Inc profit beats Street amid weak market for PCs, printers Reuters HP Inc (HPQ.N), which houses the former Hewlett-Packard Co's legacy hardware business, reported a better-than-expected quarterly profit as aggressive cost cutting helped counter weak demand for personal computers and printers. The company's shares ... HP Inc. Shows Independence With Cost Controls to Boost ProfitsBloomberg HP Inc. Revenue Declines; Full-Year Guidance Cut--UpdateNasdaq HP Inc's Sales Tumble On Weak PC, Printer SalesFortune Investorplace.com -ZDNet -Investor's Business Daily -24/7 Wall St. all 31 news articles » Google

9NEWS.com Wage, housing price disparity not unique to Colorado, says report 9NEWS.com DENVER BUSINESS JOURNAL - Colorado ranks No. 14 among the states for the highest wage needed to afford a "modest, two-bedroom apartment," according to a report Wednesday from the National Low Income Housing Coalition. The report, titled "Out of ... and more » Google

Washington Post EU approves bailout loans of $11.5 billion for Greece Washington Post Greece has won an essential batch of bailout funds from international creditors following an agreement among European regulators and can start looking forward to debt relief in the future. In a meeting in Brussels that ended before dawn Wednesday ... and more » Google

Business Insider Salesforce just took another step to tighten its partnership with Amazon Business Insider Salesforce and Amazon Web Services just announced a new deal that will take their renewed partnership efforts a step further. According to AWS, Salesforce has picked Amazon's cloud computing service as its "preferred public cloud infrastructure ... Salesforce Inks Major Deal With Amazon Web ServicesFortune Salesforce confirms Amazon Web Services as its 'preferred' public cloud infrastructure providerGeekWire Salesforce Selects AWS as Preferred Public Cloud Infrastructure ProviderBusiness Wire (press release) The Seattle Times -eWeek -Benzinga -Network World all 17 news articles » Google

Affordable housing in Monte? Not so much (part one) ... Monte News This article will examine the state of affordable housing in Montevideo. An upcoming article will look at possible alternatives or solutions to the problem of affordable housing. Whatever happened to the “American dream?” The dream about working hard ... and more » Google

Reuters Oil nears $50/barrel on inventory data, boosting stocks Reuters NEW YORK Oil prices climbed to just shy of $50 a barrel on Wednesday after a sharper-than-expected fall in crude inventories, lifting energy shares and world stock markets. Growing bets on a possible Federal Reserve rate increase as early as in June or ... Crude futures flirt with $50/b after EIA reports crude stock drawPlatts Market Currents: US oil imports from Nigeria at 3-year highFuelFix (blog) US Oil Supplies Fell More Than Expected, But…Wall Street Journal (blog) WorldOil (subscription) -Market Realist -9NEWS.com -24/7 Wall St. all 94 news articles » Google

US says Iran has gained access to USD billions in reserve Kuwait News Agency WASHINGTON, May 25 (KUNA) -- Since implementation of nuclear agreement, Iran has gained access to USD billions in reserves, opened new bank accounts around the world, and recovered to about half of its pre-sanction oil exports to Europe, a US official ... and more » Google

MarketWatch Edison International's CEO Theodore Craver to retire MarketWatch Edison International late Wednesday said Theodore Craver Jr., chairman, president and chief executive officer of Edison International, is retiring on Sept. 30, 2016. Craver's retirement is in keeping with the company's practice of its CEOs stepping ... Edison Chairman Announces RetirementPatch.com Edison CEO Craver to retire, to be succeeded by PizarroSeeking Alpha Edison International Announces New LeadersDigital Journal CCH Daily News -Zergwatch -CWRU Observer -Equities Focus all 24 news articles » Google