Reuters

Qualcomm slashes jobs and costs, says may split itself

Chipmaker Qualcomm Inc (QCOM.O) said it may break itself up as it delivered its third profit warning this year and announced plans to slash jobs and spending in the face of rising competition.

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New York moves to raise state minimum wage to $15 for fast-food workers

New York moved on Wednesday to raise the minimum wage for fast-food workers to $15 an hour by the end of 2018 in New York City and by mid-2021 in the rest of the state.

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Zimbabwe farmers fear winter of hunger after poor tobacco crop

Farmer Kenny Mabvumbe looked upset as he returned virtually empty-handed from the tobacco auction floors in the Zimbabwean capital of Harare.

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Tata Motors to grow exports of trucks to offset slow India sales

Tata Motors Ltd (TAMO.NS), India's biggest automaker by revenue, plans to triple exports of its trucks and buses to countries in Asia and beyond to counter slow sales growth in India, it said on Wednesday.

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Gold slides 1 percent to five-year low as investors pull back

Gold fell more than 1 percent to a five-year low on Wednesday as a bounce in the dollar fueled downside momentum, with investors continuing to pull away from the metal after its dramatic slide earlier this week.

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Lockheed to buy Sikorsky for $9 billion; reviews options for IT business

Lockheed Martin Corp (LMT.N) said Monday it would buy Sikorsky Aircraft, the helicopter unit of United Technologies Corp (UTX.N), for $9 billion, and would review the possible sale or spinoff of $6 billion in other information technology and services businesses.

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Oil drops on concerns of glut in refined products

Oil dropped on Monday as signs of a growing glut in refined products outweighed a fall in Saudi crude exports and slower U.S. rig activity.

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Twitter confirms purported Bloomberg story is false

A report claiming that Twitter Inc (TWTR.N) received an offer to be acquired for $31 billion attributed to Bloomberg LP is fake, Twitter and a spokesman for the news and financial data provider said on Tuesday.

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Weak U.S. retail sales hint at slower economic growth

U.S. retail sales unexpectedly fell in June as households cut back on purchases of automobiles and a range of other goods, raising concerns the economy was slowing again.

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Delta offers to invest in Japan's bankrupt Skymark Airlines: media

Delta Air Lines Inc (DAL.N) has offered to invest in Japan's bankrupt Skymark Airlines Inc (SKALF.PK) as part of a restructuring plan for the budget carrier, according to a Japanese media report.

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WPX Energy to enter Permian basin with $2.35 billion deal

Oil and gas producer WPX Energy Inc (WPX.N) said it would acquire privately held RKI Exploration & Production LLC [REPI.UL] for $2.35 billion, the latest in a series of deals brought on by a steep drop in crude prices.

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Nokia confirms may re-enter mobile phone market through licensing

Finnish telecoms network maker Nokia confirmed late on Monday that it may start designing and licensing mobile phone handsets under its brand name in 2016.

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EU steps up pressure for rapid deal to revive asset-backed debt

European Union reform of the securitized debt market to help to revive the region's economy is likely to be binding on member countries to speed up change, a senior official from the bloc's executive body said on Tuesday.

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Crude slides as Iran clinches historic nuclear deal

Oil dropped on Tuesday after Iran and six global powers reached a landmark nuclear deal that would see an easing of sanctions against Tehran and a gradual increase in its oil exports.

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BlackBerry snags two new domain names as Android chatter heats up

BlackBerry Ltd (BB.TO), which has been coy about its ambitions to make a mainstream Android smartphone, fueled more speculation about its plans this week when it scooped up two Android-related domain names.

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