Sun, Feb 23, 2014, 6:09 AM EST - U.S. Markets closed
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Reuters

G20 aspires to faster economic growth, roadmap sketchy

The final communiqué from the two-day meeting of Group 20 finance ministers and central bankers in Sydney said they would take concrete action to increase investment and employment, among other reforms. The group accounts for around 85 percent of the global economy. "We will develop ambitious but realistic policies with the aim to lift our collective GDP by more than 2 percent above the trajectory implied by current policies over the coming 5 years," the…

  • G20 aspires to faster economic growth, roadmap sketchy

    The final communiqué from the two-day meeting of Group 20 finance ministers and central bankers in Sydney said they would take concrete action to increase investment and employment, among other reforms. The group accounts for around 85 percent of the global economy. "We will develop ambitious but realistic policies with the aim to lift our collective GDP by more than 2 percent above the trajectory implied by current policies over the coming 5 years," the G20 statement said. Australian Treasurer Joe Hockey, who hosted the meeting, sold the plan as a new day for cooperation in the G20.

    14 mins ago

  • Chipmakers dream of China as they head to Spain's smartphone gala

    SAN FRANCISCO/BARCELONA (Reuters) - The world's biggest mobile brands will jostle for the spotlight at the premier mobile industry event this week in Spain, but away from the glitzy displays chipmakers will be preoccupied with China, the largest mobile market on the planet. From Qualcomm and Intel to MediaTek, Marvell and Broadcom, the suppliers of the crucial components that power smartphone applications and drive high-speed wireless connections are scrambling to capitalize on opportunities taking shape as Chinese brands and telecoms carriers such as China Mobile gear up for 4G LTE, or Long-Term Evolution. China's move to LTE, a standard now adopted mostly in the United States, gives Intel and other chipmakers a unique chance to knock dominant LTE chip supplier Qualcomm off its perch.

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  • Thirteen billboards, one paint-shop worker helped defeat union at VW plant in Chattanooga

    WASHINGTON/CHATTANOOGA (Reuters) - In the aftermath of the United Auto Workers' crushing defeat in a vote to represent workers at Volkswagen's sole U.S. factory, a key question remains unanswered: did conservative politicians and anti-union groups work together to stymie the union? In an appeal to the National Labor Relations Board on Friday, the UAW said there was a "coordinated effort" by state politicians, anti-union groups and Tennessee's U.S. Senator Bob Corker to coerce a no vote in the February 12-14 election. However, through the interviews a more complete picture emerges of how at least five national organizations and one grassroots group - all apparently operating independently - mounted a formidable threat to the UAW and helped thwart what many initially viewed as the favorite to win the election. How that loose coalition was able to help defeat the UAW could provide a blueprint for conservative groups to oppose the union as it presses on with its campaign for representation in its first foreign-owned auto plant in the U.S. South.

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  • Priceline's hidden asset: Your secrets

    Joe Fahmy of Zor Capital on why Priceline's business model is more resilient than you think

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  • What the WhatsApp deal means for BlackBerry

    Does Facebook's $16 billion purchase of WhatsApp mean BlackBerry is undervalued?

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  • Groupon tanks after earnings

    Groupon beat estimates last night, and initially popped 10% on the headline. Unfortunately the stock reversed after investors read the rest of the report.

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  • Charter Communications moves to profit in 4Q

    Charter Communications Inc., the unsuccessful bidder for rival cable provider Time Warner Cable, moved to a profit for its fourth quarter. It added 93,000 home Internet customers, up from 59,000 a year ...

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  • Stocks edge lower; Priceline.com jumps

    A look at Friday's biggest movers

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  • Wal-Mart's warning to the world

    Do Wal-Mart's recent results indicate a problem for the economy in the US and abroad?

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  • Fed at crossroads: Transcripts detail crisis

    Even for an entity used to doing heavy lifting when it comes to supporting the U.S. economy, 2008 was a historic year for the Federal Reserve.

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