Blackberry hopes $200 smartphone will reverse EM slump

By Randy Fabi and Euan Rocha JAKARTA/TORONTO, May 13 (Reuters) – BlackBerry Ltd launched a low-cost touchscreen device in Jakarta, the Z3, as the embattled smartphone maker looks to revive sales in emerging markets like Indonesia where its once-fervent following has shrivelled. The handset, to be presented at a glitzy launch event in the Indonesian capital on Tuesday, is the … Read more

GM crash victim’s family files new lawsuit claiming company lied

By Terry Baynes May 12 (Reuters) – A Georgia couple who settled with General Motors Co (GM) last year over their daughter’s fatal car crash linked to a faulty ignition switch has filed a new lawsuit against the automaker. In a complaint filed in state court in Marietta, Georgia, on Monday, Ken and Beth Melton accused GM of fraudulently concealing critical evidence and allowing a company representative … Read more

Miners gather at Wonderkop stadium outside the Lonmin mine in Rustenburg, northwest of Johannesburg

Two workers killed at Lonmin Mine in South Africa: Union

By Ed Stoddard JOHANNESBURG (Reuters) – Two Lonmin workers were killed on Monday in South Africa as they reported for work at their strike-hit platinum mine, a mineworkers union said, threatening the firm’s plans to end the walkout this week. Lonmin chief executive Ben Magara confirmed one employee was killed in what he called a “a very sad … Read more

Miners gather at Wonderkop stadium outside the Lonmin mine in Rustenburg, northwest of Johannesburg

Lonmin interim results – 43% drop in production

Lonmin Plc (LON) has released its interim results for the period ended 31 March 2014, with tangible evidence of the dire impact of the ongoing platinum strike. Lonmin expects a mass return to work on Wednesday.  Here are the highlights from the SENS report: Minimal operations during the striking period – 3.2 million tonnes produced, … Read more

Striking miners chant slogans as they march to Lonmin's head quarters in Johannesburg, April 3, 2014. REUTERS/Siphiwe Sibeko

Strike-hit platinum miner Lonmin says job cuts inevitable

By Silvia Antonioli LONDON (Reuters) – Platinum miner Lonmin said on Monday restructuring and job cuts were inevitable as it posted a steep fall in six-month earnings, suffering fromSouth Africa’s longest and most costly labour stoppage. The pay dispute in the world’s top platinum producing country has cut 40 percent of global production and halted operations at Lonmin’s … Read more

Sappi returns to profit on better sales and volumes

JOHANNESBURG (Reuters) – South Africa’s Sappi Ltd said on Monday it swung back to profit in its second quarter on higher sales volumes and prices and increased productivity in its operations, pushing its shares up. Sappi, the world’s largest maker of fine paper used in glossy magazines, reported that diluted headline earnings per share totalled … Read more