The U.S. economy contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls, a resurgent dollar and disruptions at West Coast ports, but activity already has rebounded modestly.
The US data centre business Equinix will spend �2.35bn snapping up its British rival Telecity in one of the biggest takeovers in the fast-growing cloud-based internet sector, which serves streaming services like Netflix and Spotify.
JPMorgan Chase & Co. (NYSE:JPM) will eliminate 5,000 jobs or 2% of its workforce next year as part of its initiatives to reduce costs and become more efficient, according to report from Wall Street Journal based on people familiar with the situation.
Britain's biggest steel strike in three decades is due to start after workers at Tata Steel voted 88pc in support of industrial action.
A sell-off in the closing minutes of trade sent the FTSE 100 sharply lower on Friday but AB Foods avoided the drop. Goldman Sachs backed AB's plan to launch its Primark chain in the US this September, with the clothing retailer seen as being ideally ...