- U.S. stock index futures were little changed on Friday, a day after the S&P 500 closed at a seven-week high as investors bet the Federal Reserve would keep rates at near-zero levels until at least the next year.
Recent Business News
NEW YORK - Billionaire bond investor Bill Gross sued his former employer Pacific Investment Management Co and its parent Allianz SE for $200 million, saying a greedy "cabal" of executives drove him out of the bond fund giant he helped found because they wanted his huge bonus for themselves.
SINGAPORE/LONDON - Standard Chartered's new Chief Executive Bill Winters plans to cut up to a quarter of the bank's most senior staff to reduce costs, according to a memo sent to staff, which is likely to see about 1,000 top jobs go.
LONDON - Brewer SABMiller Plc , trying to fend off an unsolicited takeover offer from rival Anheuser-Busch InBev , announced an accelerated cost-savings plan on Friday in an attempt to convince shareholders it can boost earnings on its own.
HALF MOON BAY, Calif - Starbucks Corp coffee shops will begin accepting Apple Inc's mobile payment system in a pilot program starting this year, Apple Vice President Jennifer Bailey said on Thursday.
SHANGHAI - A unit of conglomerate China Resources Corp plans to sell minority stakes it holds in 21 Wal-Mart Stores Inc outlets around China, a spokesman for the U.S. retailer told Reuters on Friday.