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(MENAFN - AFP) Matteo Renzi's Twitter hashtag summed it up: #ciaovacanze (#byebyeholidays).

The summer's over and Italy's baby-faced prime minister has got work to do, lots of it, as he seeks to deliver on his promise to transform a country teetering on the brink of its third recession in seven years.

A back-to-work cabinet meeting on Friday is being billed as the first ...

(MENAFN - AFP) Australian flag carrier Qantas on Thursday posted a record annual net loss of Aus$2.84 billion (US$2.65 billion), but chief executive Alan Joyce insisted clearer skies lie ahead after aggressively cutting costs.

The worse-than-expected result compared with a wafer-thin profit in the previous year, with one-off restructuring and redundancy payouts hammering ...

(MENAFN - AFP) Hackers believed to be from Russia broke into the computer systems of JPMorgan Chase and a second US bank earlier this month, sparking a federal investigation, US media reported Wednesday.

Bloomberg said two people familiar with the probe confirmed that the Federal Bureau of Investigation was examining the case to see if it is retaliation for US sanctions against ...

(MENAFN - AFP) Struggling Australian flag carrier Qantas on Thursday posted a huge annual net loss of Aus$2.84 billion (US$2.65 billion), but chief executive Alan Joyce insisted better days lie ahead.

The worse-then-expected result compared to a wafer-thin profit in the previous year, with one-off restructuring and redundancy costs and writedowns to its fleet hammering the ...

(MENAFN - AFP) A judge on Wednesday rejected a bid by Apple to ban US sales of rival Samsung smartphones targeted in a recent $2 billion patent trial in Silicon Valley.

The decision was seen as a setback for Apple in its long-running battle with Samsung over features built into Android-powered mobile devices that compete worldwide with iPhones and iPads.

The California-based ...

(MENAFN - AFP) US meat giant Tyson Foods has agreed to sell a hog business to win approval from antitrust regulators for its proposed buyout of Hillshire Brands, the Justice Department said Wednesday.

Tyson, the leading US poultry seller, agreed in early July to buy sausage maker Hillshire for $8.55 billion, including Hillshire's debt.

For the deal to proceed, Tyson ...

(MENAFN - AFP) Just weeks ahead of its expected debut on the New York Stock Exchange, Chinese Internet colossus Alibaba reported that its quarterly profit nearly tripled on surging revenue.

Alibaba Group made a profit of nearly $2 billion on revenue of $2.5 billion in the quarter ending June 30 according to updated documents filed with the US Securities and Exchange Commission.

Revenue ...

(MENAFN - AFP) Troubled Bank of Cyprus, the island's largest lender, said Wednesday it made 50 million euros ($66 million) net profit in the second quarter, its second successive quarterly gain after seven straight losses.

For the six months ending in June, the bank made after tax profits of 81 million euros, following a 31 million positive result in the three months to March.

The ...

(MENAFN - AFP) France's Socialist Prime Minister declared his love for companies and ally Germany Wednesday in a speech that earned him rapturous applause from the country's business elite following a damaging political crisis.

Speaking to a gathering of the country's main MEDEF employers' union, Manuel Valls sought to put to bed weekend comments made by his former economy ...

(MENAFN - AFP) South Korean carmaker Kia Motors on Wednesday announced plans to build its first auto assembly plant in Mexico.

The $1 billion plant is to be built near the city of Monterrey in northern Mexico and would begin operations in 2016.

It will have state-of-the-art technology and capacity to make 300,000 vehicles a year, the company's vice president for global ...

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