Business
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Exclusive: Tech companies to lobby for immigrant 'Dreamers' to remain in U.S.
[ad_1] SAN FRANCISCO (Reuters) – Nearly two dozen major U.S. companies in technology and other industries are planning to launch a coalition to demand legislation that would allow young, illegal immigrants a path to permanent…
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Microsoft expands rural U.S. campaign with Green Bay Packers tie-up
[ad_1] SAN FRANCISCO (Reuters) – Microsoft Corp (MSFT.O) has teamed up with the National Football League’s Green Bay Packers in a $10 million partnership intended to spur tech innovation in Wisconsin, the software company said…
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Rosneft's Sechin says no watershed in oil market, U.S. shale oil a risk
[ad_1] VERONA, Italy (Reuters) – A global deal to cut oil output has not led to a breakthrough on high inventory levels, while an expected rise in U.S. shale oil output may destabilize the market…
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Asia stocks approach 10-year peak, unfazed by China GDP, dollar rises
[ad_1] TOKYO (Reuters) – Asian stocks rose to near decade highs on Thursday, continuing to ride on a global equities rally, while the dollar resumed its rise on the back of a spike in U.S.…
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Viacom, Charter deal to include eight networks in basic package: source
[ad_1] (Reuters) – Viacom Inc (VIAB.O) and Charter Communications Inc (CHTR.O) have agreed to a distribution deal that puts eight of Viacom’s most popular networks in Charter’s cheapest U.S. cable bundle, a source told Reuters…
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World markets steady as China congress starts and monetary policy gets back in focus
[ad_1] MILAN (Reuters) – World stocks stayed near peaks and currencies moved in tight ranges on Wednesday as China’s Communist Party conference opened and the focus in Europe turned to speeches from top euro zone…
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Asia shares camp near peaks, markets ponder Xi's speech
[ad_1] SYDNEY (Reuters) – Asian shares consolidated recent gains and currencies kept to tight ranges on Wednesday as investors waited to see what policies might emerge from China’s Communist Party conference. The twice-a-decade congress is…
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Powell likely next Fed chief, though Yellen best suited: economists
[ad_1] LONDON (Reuters) – Jerome Powell likely will be the next Federal Reserve chairman, according to a slim majority of economists in a Reuters poll – but most of them said current Fed Chair Janet…
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Airbus takes control of Bombardier CSeries in rebuff to U.S. threat
[ad_1] MONTREAL/PARIS (Reuters) – Airbus SE has agreed to buy a majority stake in Bombardier Inc’s CSeries jetliner program, giving a powerful boost to the Canadian plane and train maker in its costly trade dispute…
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Airbus to take majority stake in Bombardier CSeries jet program
[ad_1] MONTREAL/PARIS (Reuters) – Airbus SE (AIR.PA) agreed on Monday to buy a majority stake in Bombardier Inc’s (BBDb.TO) CSeries jetliner program, grabbing control of a struggling competitor at the second attempt and giving the…
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Tough U.S. NAFTA demands send ball back into lobbyists' court
[ad_1] ARLINGTON, Va. (Reuters) – Lobbying efforts on the North American Free Trade Agreement hit a crucial stage this week after the Trump administration ignored the U.S. business community’s advice and pitched proposals to radically…
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Daimler starts reorganisation that could lead to break up
[ad_1] BERLIN (Reuters) – Daimler (DAIGn.DE) has started the process of creating separate legal entities for its Mercedes Benz cars and Daimler Trucks divisions, a move that has fuelled speculation of an eventual break up…
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Asian shares conquer new peaks, oil up on Iraq tensions
[ad_1] SYDNEY (Reuters) – Asian shares advanced to new highs on Monday following Wall Street’s lead, while U.S. oil futures jumped to hover near a six-month peak as escalating tensions between the Iraqi government and…
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Airbus CEO sees no reason to step down over probes
[ad_1] FRANKFURT (Reuters) – Airbus (AIR.PA) Chief Executive Tom Enders sees no reason to resign over ongoing UK and French corruption investigations, but would be ready to do so if needed, he told a German…
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Cyclical sector rally banks on global economic expansion
[ad_1] NEW YORK (Reuters) – U.S. stock sectors that are particularly dependent on economic growth recently grabbed hold of the market’s rally and are poised to keep the reins should further signs of global expansion…
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General Motors reaches tentative deal with striking Canada workers
[ad_1] TORONTO (Reuters) – General Motors Co (GM.N) said on Friday it reached a tentative labor agreement with striking workers at its CAMI plant in Canada, ending an almost month-old dispute. Some 2,500 workers at…
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Saudi Aramco in stake sale talks with Chinese investor: sources
[ad_1] DUBAI/NEW YORK (Reuters) – Saudi Aramco is considering the sale of a stake to a Chinese investor as plans for its highly-anticipated international public offering are pushed beyond its 2018 target, sources familiar with…
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Wells Fargo revises expense outlook, signaling profit difficulties ahead
[ad_1] (Reuters) – Wells Fargo & Co (WFC.N) management signaled on Friday that the bank may struggle to hit expense targets through next year, raising questions about how much a sales scandal is weighing on…
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BofA profit rises on higher rates, lower costs
[ad_1] (Reuters) – Bank of America Corp (BAC.N) beat expectations with a 15 percent rise in third-quarter profit on Friday as the second-largest U.S. lender kept a tight leash on costs and benefited from higher…
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Kobe Steel's cheating engulfs more divisions; shares resume slide
[ad_1] TOKYO (Reuters) – Crisis-hit Kobe Steel Ltd (5406.T) said on Friday its steel division has also falsely labeled products, the latest in a string of revelations confirming widespread cheating at the firm that has…
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Republicans eye alternatives for getting to 20 percent corporate tax rate
[ad_1] WASHINGTON (Reuters) – Republican lawmakers are considering indirect paths to meeting President Donald Trump’s goal of slashing the corporate tax rate to 20 percent, one of the toughest challenges they face in trying to…
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Richard Branson takes another bet on the future with Hyperloop One
[ad_1] (Reuters) – British billionaire Richard Branson on Thursday placed another bet on the future with an investment in Hyperloop One, which is developing super high-speed transportation systems. Hyperloop One said Branson’s Virgin Group would…
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Bain Capital leads the charge as Japan's private equity dealmaking picks up
[ad_1] HONG KONG/TOKYO (Reuters) – Bain Capital is planning on further ramping up its dealmaking in Japan after it came out on top in the recent battle to purchase Toshiba’s semiconductors arm and as it…
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UBS to hire fewer trainees, spend more on them, to satisfy clients
[ad_1] NEW YORK (Reuters) – UBS Group AG (UBSG.S) will hire fewer trainees in 2018 but spend two to three times more on teaching them to be financial advisers, a senior executive said, in the…
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Coach to become Tapestry Inc, but loyalists unhappy with move
[ad_1] (Reuters) – Coach Inc (COH.N) will change its corporate name to Tapestry Inc, it said on Wednesday, as it creates a broader umbrella for its high-end brands without diluting the iconic name known mainly…
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Asian shares hit decade highs, dollar struggles at two-week trough
[ad_1] SYDNEY (Reuters) – Asian shares jumped to the highest in a decade on Wednesday as Wall Street scaled all-time highs, while the dollar loitered around two-week lows on worries President Donald Trump’s tax plan…
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Wal-Mart sees 40 percent online sales growth next year, shares rise
[ad_1] (Reuters) – Wal-Mart Stores Inc (WMT.N) on Tuesday forecast a 40 percent rise in U.S. online sales next year as it ramps up competition with Amazon.com Inc (AMZN.O), boosting shares of world’s biggest brick-and-mortar…
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Exclusive: EU regulators set to approve Atlantia's bid for Abertis – sources
[ad_1] MILAN/BRUSSELS (Reuters) – Italian toll-road group Atlantia’s 17 billion-euro ($20 billion) bid for Spain’s Abertis (ABE.MC) is set to win EU approval, sources said on Tuesday, clearing another hurdle to getting the long-awaited deal…
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Kobe Steel under the gun after firm admits data falsification
[ad_1] TOKYO (Reuters) – Investors looked set to bail out of Kobe Steel Ltd on Tuesday, after Japan’s third-biggest steelmaker revealed it had fabricated data to show its products met customer specifications in the latest…
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Google uncovered Russia-backed ads on YouTube, Gmail, source says
[ad_1] WASHINGTON (Reuters) – Google has discovered Russian operatives spent tens of thousands of dollars on ads on its YouTube, Gmail and Google Search products in an effort to meddle in the 2016 U.S. presidential…





