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ICC cagey about World Cup expansion but keen to crack US frontier

Mar 27, 2015 at 10:49 | Source: FirstPost

International Cricket Council chief executive David Richardson has warned of the dangers of the game "spreading itself too thin" but said officials were still keen for the sport to fully establish itself in the United States.The 2019 World ...

Focus is more competition, not just more teams: ICC CEO Richardson

Mar 26, 2015 at 15:43 | Source: FirstPost

International Cricket Council chief executive Dave Richardson has tempered sustained calls for the 2019 World Cup to be expanded from its planned 10 teams, saying the sport's governing body is prioritizing building competitiveness among the internati...

Exclusive - U.S. bets on Brazil, extends new invitation to Rousseff

Mar 25, 2015 at 02:31 | Source: FirstPost

SAO PAULO (Reuters) - The Obama administration has again invited Brazil's President Dilma Rousseff for a state visit to Washington, a diplomatic breakthrough that both sides hope will lead over time to greater trade between the two biggest economies ...

E-commerce firms lobby with Sebi to get IPO relaxation

Mar 18, 2015 at 22:29 | Source: FirstPost

New Delhi: To tap capital markets to raise funds, a number of e-commerce companies including start-ups are lobbying hard with Sebi to seek relaxation in IPO norms, but regulator is firm on measures to safeguard investors.Sebi is of the view that the ...

Corrected - Analysis: GM's Barra bets she can deliver where predecessors fell short

Mar 10, 2015 at 01:15 | Source: FirstPost

DETROIT (Reuters) - (The story was refiled to correct the title of Dan Ammann to president, not chief operating officer in paragraph 8)General Motors Co (GM.N) Chief Executive Officer Mary Barras deal on Monday to return up to $10 billion to investor...

Analysis - GM's Barra bets she can deliver where predecessors fell short

Mar 10, 2015 at 00:45 | Source: FirstPost

DETROIT (Reuters) - General Motors Co (GM.N) Chief Executive Officer Mary Barras deal on Monday to return up to $10 billion to investors is a career-defining bet that she can reverse the automaker's history of doubling down on money-losing products a...

Adidas optimistic for 2015 amid focus on U.S. market

Mar 05, 2015 at 17:30 | Source: FirstPost

BERLIN (Reuters) - German sportswear company Adidas expects robust sales and profit growth in 2015 as consumer confidence improves around the world and it redoubles its efforts in North America, where it has fallen further behind fierce rival Nike.&q...

Adidas sees sales, profit growth as golf business recovers

Mar 05, 2015 at 13:45 | Source: FirstPost

BERLIN (Reuters) - German sportswear company Adidas expects robust sales growth in 2015 as its golf business improves and consumer confidence recovers, while net profit should rise faster still despite exchange rate hits and higher marketing spending...

TJ Maxx follows Walmart in raising US workers' basic pay

Mar 04, 2015 at 10:17 | Source: BBC

The owner of US retailers TJ Maxx and Marshalls will raise the hourly pay of its workers to $9 (£5.80) in June - $1.75 above the country's minimum wage. TJX said it also plans to increase the rate to $10 in 2016. The announcement comes a week a...

European shares at fresh seven-year high as ECB QE nears

Feb 27, 2015 at 23:15 | Source: FirstPost

LONDON (Reuters) - European shares rose to fresh seven-year highs on Friday, extending a two-month rally fuelled by the European Central Bank's money printing programme which starts in the coming weeks. European shares bucked a softer trend in Asian ...

Asian bond ETFs ease investment barriers in hunt for yield

Feb 18, 2015 at 03:30 | Source: FirstPost

HONG KONG (Reuters) - Investors facing zero interest rates in the developed world are turning to Asian debt for higher returns through exchange traded funds (ETFs), driving a nearly 50 percent rise in assets under management last year.At about a tent...

Exotic U.S. blooms flourish amid roses in Cupid's bouquet

Feb 14, 2015 at 06:30 | Source: FirstPost

CHICAGO (Reuters) - Forget spray roses and baby's breath this Valentine's Day. As consumers' tastes in bouquets turn to seasonal, delicate blooms, some of the U.S. floral industry's imports of classic fare have wilted.Nearly 80 percent of all cut flo...

Natco Pharma gains 4.5% after filing ANDA with USFDA

Feb 10, 2015 at 20:20 | Source: FirstPost

New Delhi: Natco Pharma has filed new product applications with the US health regulator for generic version of drugs used in the treatment of nervous system disease and cancer.The company has filed Abbreviated New Drug Applications (ANDAs) for Fingol...

Shopping spree: Spend on commerce technology set to nearly double by 2019

Feb 09, 2015 at 11:50 | Source: FirstPost

By Peter SheldonOver the past four years, the commerce technology market has undergone significant consolidation. Commerce technology is now table stakes for any enterprise software vendor with a focus on systems of engagement. Consequently, Forreste...

US Federal Reserve remains 'patient' on interest rates

Feb 06, 2015 at 20:51 | Source: BBC

The US central bank has reiterated that it will remain patient in determining when to raise interest rates. The Federal Reserve has kept its target interest rate at 0% since late 2008. At the end of its two-day policy meeting in Washington, DC, the b...

Shake Shack is shaking up wages for US fast-food workers

Jan 30, 2015 at 22:41 | Source: BBC

Shake Shack is ready to shake it up. Ever since Danny Meyer opened his take on a hot dog cart in Madison Square Park in New York City in 2004, demand for Shake Shack's all-American food offerings has been insatiable. Among devotees in New York, ...

Sensex hits fresh record high at open, Nifty inches towards 9,000 level

Jan 30, 2015 at 10:36 | Source: FirstPost

Mumbai: The BSE Sensex continued its recordsetting spree and hit a new peak of 29,844.16 and the NSENifty inched towards the 9,000-level in early trade today onrobust fund inflows and sustained optimism over the upcomingBudget.The 30-share index rose...

Amazon sales rise in holiday quarter, shares jump

Jan 30, 2015 at 04:30 | Source: FirstPost

SAN FRANCISCO (Reuters) - Inc reported stronger than expected earnings on Thursday as North American sales surged during the crucial holiday quarter, sending its shares up 9 percent. The online commerce giant, which gets about a third of i...

McDonald's sued for racial discrimination in Virginia

Jan 29, 2015 at 12:27 | Source: BBC

Ten former McDonald's workers have sued it in the Virginia federal court for racial and sexual discrimination. The suit alleges that some employees were fired from one franchise because there were too many black people . It is being backed by a ...

McDonald's boss Don Thompson out after nearly three years

Jan 29, 2015 at 12:27 | Source: BBC

McDonald's boss Don Thompson is stepping down after two and a half years in the job, as the company continues to struggle with a declining customer base in the US. He will be replaced by British-born Steve Easterbrook, the company's current...

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