Business

  • 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…

  • 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.…

  • 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…

  • 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…

  • 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…

  • 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.…

  • 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…

  • 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…

  • 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…

  • 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…

  • 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…

  • 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…

  • 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…

  • 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…

  • 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…

  • 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…

  • 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.…

  • Wall Street set to open higher as North Korea tension eases

    [ad_1] (Reuters) – Wall Street was set to open higher on Monday as tensions on the Korean peninsula eased slightly after key U.S. officials played down the risk of an imminent war with North Korea.…

  • Aldi enters grocery delivery in partnership with Instacart

    [ad_1] CHICAGO (Reuters) – German grocery chain Aldi Inc [ALDIEI.UL] said on Sunday it has partnered with Instacart Inc to deliver groceries in three U.S. cities, a move that comes amid intense competition and disruption…

  • Exclusive: Arab bloc won't discriminate against U.S. firms in Qatar rift – sources

    [ad_1] DUBAI (Reuters) – Four Arab countries that imposed sanctions on Qatar have told the United States that U.S. companies doing business with them would not be punished for also working with Doha, four sources…

  • North Korea factories humming with 'Made in China' clothes, traders say

    [ad_1] DANDONG, China (Reuters) – Chinese textile firms are increasingly using North Korean factories to take advantage of cheaper labor across the border, traders and businesses in the border city of Dandong told Reuters. The…

  • Iran in talks to buy 48 Airbus helicopters: report

    [ad_1] DUBAI (Reuters) – Iran is holding talks with European planemaker Airbus to buy 48 helicopters for civilian use, an Iranian official was on Saturday quoted as saying, as Iran continues its shopping spree of…

  • After a long drought, bear market funds attract buyers

    [ad_1] NEW YORK (Reuters) – Bearish stock investors are slowly coming out of hibernation, as money has begun to move into funds that aim to profit when markets dive. U.S. mutual funds that attempt to…

  • Uber, beset by scandal, faces battle over 'destructive' lawsuit

    [ad_1] SAN FRANCISCO (Reuters) – Ride-services company Uber is facing a divided board of directors and angry shareholders after investor Benchmark Capital filed a lawsuit against the company’s ousted chief executive, Travis Kalanick, dealing another…

  • Third Point takes 1.6 million share stake in BlackRock, 4.5 million in Alibaba

    [ad_1] NEW YORK (Reuters) – Dan Loeb’s Third Point took a 1.6 million-share stake in BlackRock Inc (BLK.N) and reinitiated a stake in Alibaba Group Holding (BABA.N) of 4.5 million shares during the second quarter…

  • Bond investors seen giving Tesla a $1.8 billion endorsement

    [ad_1] NEW YORK (Reuters) – Bond investors on Friday were poised to give a $1.8 billion boost to Tesla Inc’s balance sheet by snapping up the electric car maker’s first foray into the U.S. junk…

  • China investigates top local social media sites in push to control content

    [ad_1] BEIJING (Reuters) – China is investigating its top social media sites, including WeChat and Weibo, for failing to comply with cyber laws, the latest step in the country’s push to secure the internet and…

  • Stocks, dollar extend slide as U.S., North Korea tensions intensify

    [ad_1] SINGAPORE (Reuters) – Asian equity markets extended a global slide on Friday as tensions ramped up between the United States and North Korea, sending investors fleeing to less risky assets such the yen, the…

  • Exclusive: Amazon in talks to offer event ticketing in U.S.- sources

    [ad_1] NEW YORK/SAN FRANCISCO (Reuters) – Amazon.com Inc (AMZN.O) is seeking to partner with U.S. venue owners to sell event tickets, four sources have told Reuters, a move that could loosen Ticketmaster’s powerful grip on…

  • Kohl's quarterly profit, comp sales beat estimates

    [ad_1] (Reuters) – Department store operator Kohl’s Corp (KSS.N) reported better-than-expected quarterly profit and comparable sales, helped by a sales boost in the final month of the quarter and cost cuts, sending its shares up…