Business
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Wall Street slips ahead of Jackson Hole meet
[ad_1] (Reuters) – U.S. stocks were slightly lower on Thursday morning as caution prevailed ahead of the start of the annual gathering of central bankers at Jackson Hole, Wyoming. Federal Reserve Chair Janet Yellen and…
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Asia stocks brush off Wall St. slide after Trump's comments, dollar revives
[ad_1] SINGAPORE (Reuters) – Asian stocks and the dollar edged up on Thursday, shaking off the risk aversion that gripped financial markets overnight after President Donald Trump threatened to shut down the U.S. government and…
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Uber second-quarter bookings increase, loss narrows
[ad_1] SAN FRANCISCO (Reuters) – Uber Technologies Inc [UBER.UL] on Wednesday reported a 16 percent increase in quarterly bookings and a smaller loss than the previous period as the ride-services company showed signs of inching…
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U.S. new home sales fall to seven-month low
[ad_1] WASHINGTON (Reuters) – New U.S. single-family home sales unexpectedly fell in July, dropping to their lowest in seven months, which could raise concerns of a slowdown in the housing market recovery. The Commerce Department…
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Mutual funds mark down investments in Uber by as much as 15 percent
[ad_1] NEW YORK (Reuters) – Four mutual fund companies have marked down their investments in Uber Technologies Inc [UBER.UL] by as much as 15 percent following a scandal-ridden year for the ride-hailing company. Uber has…
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Chevron CEO Watson to step down, Wirth likely successor: source
[ad_1] HOUSTON (Reuters) – Chevron Corp Chief Executive John Watson will step down by the end of next month and likely be replaced by Vice Chairman Mike Wirth, a source familiar with the matter told…
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Nestle, Unilever, Tyson and others team with IBM on blockchain
[ad_1] CHICAGO/NEW YORK, (Reuters) – Nestle SA (NESN.S), Unilever Plc (ULVR.L), Tyson Foods Inc (TSN.N) and other large food and retail companies have joined IBM’s (IBM.N) project to explore how blockchain technology can help track…
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Asian shares ride metals gains, stronger Wall Street
[ad_1] TOKYO (Reuters) – Asian shares rose on Tuesday after modest gains on Wall Street, while robust metals prices underpinned some regional markets even as investors remained wary ahead of the annual central banking conference…
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Hedge fund manager Dalio cuts risk amid worries about Washington
[ad_1] BOSTON (Reuters) – Billionaire investor Ray Dalio, who has been expressing concerns about President Donald Trump in recent months, said on Monday he was cutting some of his exposure during a time of growing…
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Hong Kong property investors go trophy hunting in London despite Brexit
[ad_1] LONDON (Reuters) – Chinese investment in London commercial property has more than trebled since before Britain voted to leave the European Union, most of it channeled through Hong Kong at a time of heightened…
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Asian shares fragile as Trump turmoil, Korea tensions weigh
[ad_1] TOKYO (Reuters) – Asian shares were fragile on Monday as investors remained unconvinced about U.S. President Donald Trump’s ability to fulfill his economic agenda, even as the departure of his controversial policy strategist raised…
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Exclusive: Hyundai Motor Group faces government calls to address 'big governance risk'
[ad_1] SEOUL (Reuters) – South Korea’s new antitrust chief said he has been in talks with the autos-to-steel conglomerate Hyundai Motor Group about overhauling its complex ownership structure, which critics say gives too much power…
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Britain will not exclude possible EU oversight of UK borders after Brexit
[ad_1] LONDON (Reuters) – Britain will not rule out the possibility that the European Union may retain oversight of customs controls at UK borders after it leaves the bloc, as the country seeks ways to…
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Bankruptcy fight over Oncor to test Warren Buffett's discipline
[ad_1] (Reuters) – Warren Buffett takes pride in naming his price to buy a company, and not paying a nickel more. But the largest U.S. natural gas distribution utility, an unyielding hedge fund, and a…
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Shift from non-GAAP bottom lines could be good for stock prices
[ad_1] SAN FRANCISCO (Reuters) – Investors worried about lofty stock-market valuations may take comfort in signs that companies in the benchmark S&P 500 index are padding their bottomlines less than they have in previous years.…
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Elliott lawyer says third bidder may top Buffett's Oncor bid
[ad_1] (Reuters) – An unidentified utility could pay $9.3 billion to buy Texas power transmission company Oncor Electric Delivery Co, topping Berkshire Hathaway Inc’s $9 billion bid, a lawyer for the largest creditor of Oncor’s…
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NAFTA negotiators hone in on origin rules, dispute settlement
[ad_1] WASHINGTON (Reuters) – U.S., Canadian and Mexican negotiators on Friday began digging into some of the thorniest issues in modernizing the North American Free Trade Agreement, including rules of origin for goods produced in…
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Former UAW official charged in Fiat Chrysler payoff probe
[ad_1] (Reuters) – A former senior official at the United Auto Workers trade union was charged on Friday with conspiring with other union officials to accept improper payments from Fiat Chrysler Automobiles NV (FCHA.MI) officials…
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Future of Air Berlin's Niki uncertain as Lufthansa begins talks
[ad_1] VIENNA (Reuters) – Austrian holiday airline Niki’s 850 employees braced for a bumpy ride as insolvent parent Air Berlin (AB1.DE) began talks on Friday to sell its assets before it runs out of cash.…
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Investors sell stocks, dollar on fears Trump agenda is foundering
[ad_1] SINGAPORE (Reuters) – Asian stock investors joined a global retreat from riskier assets on Friday and the dollar wavered on rising doubts about U.S. President Donald Trump’s ability to deliver his economic agenda. European…
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Applied Materials beats profit estimates, shares rise
[ad_1] (Reuters) – Applied Materials Inc (AMAT.O), the world’s largest supplier of tools used to make semiconductors, reported a better-than-expected quarterly profit helped by strong growth in its semiconductor and display businesses. Shares of the…
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Wall Street opens lower on inflation, Trump policy worries
[ad_1] (Reuters) – U.S. stocks opened lower on Wednesday after minutes from the Federal Reserve’s July meeting showed growing concerns over weak inflation, while investors worried about President Donald Trump’s ability to pursue his pro-growth…
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Asia shares up as North Korea tensions ease, wary Fed pressures dollar
[ad_1] SINGAPORE (Reuters) – Asian stocks edged higher on Thursday as tensions between the United States and North Korea came off the boil, while the Federal Reserve’s concerns about weak U.S. inflation weighed on the…
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Seven charged in U.S. insider trading ring
[ad_1] NEW YORK (Reuters) – U.S. authorities on Wednesday announced insider trading charges accusing seven people of generating more than $5 million of profit based on tips from a Bank of America Corp (BAC.N) employee…
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Maersk upbeat on shipping outlook, faces hefty cyber attack bill
[ad_1] COPENHAGEN (Reuters) – Denmark’s A.P. Moller Maersk (MAERSKb.CO) gave an upbeat outlook for container shipping on Wednesday, lifting its shares by as much as 4.5 percent as investors looked beyond one-off second-quarter charges and…
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As NAFTA talks begin, Trump's 'America First' agenda looms large
[ad_1] WASHINGTON (Reuters) – As the United States, Canada and Mexico kick off negotiations on Wednesday to modernize the North American Free Trade Agreement, the biggest uncertainty is whether a deal can pass President Donald…
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Wells Fargo board chairman to retire, be replaced at year end
[ad_1] (Reuters) – Wells Fargo & Co Vice Chair Betsy Duke will replace retiring Chairman Stephen Sanger next year, one of several changes announced on Tuesday in response to shareholder displeasure over the bank’s sales…
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U.S. retail sales post biggest increase in seven months
[ad_1] WASHINGTON (Reuters) – U.S. retail sales recorded their biggest increase in seven months in July as consumers boosted purchases of motor vehicles and lifted discretionary spending, suggesting the economy continued to gain momentum early…
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Three CEOs resign from Trump council over Charlottesville
[ad_1] (Reuters) – The chief executives of Intel Corp, Merck & Co Inc and Under Armour Inc resigned from U.S. President Donald Trump’s American Manufacturing Council on Monday, following Trump’s initially tepid response to weekend…
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Sears, Whirlpool win fee reduction in washer lawsuit
[ad_1] (Reuters) – A federal appeals court reduced by $2 million the legal fees that Sears Holdings Corp (SHLD.O) and Whirlpool Corp (WHR.N) must pay to settle a class action lawsuit over defective washing machines.…