Business
-
Toyota to take 5 percent stake in Mazda, jointly build $1.6 billion U.S. plant
[ad_1] TOKYO (Reuters) – Japanese automakers Toyota Motor Corp and Mazda Motor Corp announced on Friday they will build a $1.6 billion U.S. assembly plant as part of a new joint venture, while Toyota will…
-
Raytheon wins end to whistleblower's $1 billion satellite lawsuit
[ad_1] (Reuters) – Raytheon Co (RTN.N) on Thursday won the dismissal of a $1 billion whistleblower lawsuit accusing the defense contractor of overbilling the U.S. government on a contract for satellite sensors, nearly 1-1/2 years…
-
Health insurer Aetna profit rises as Obamacare business shrinks
[ad_1] (Reuters) – Aetna Inc (AET.N) reported a higher-than-expected quarterly profit on Thursday as member health costs were lower than anticipated, including in the Obamacare individual insurance business that it plans to exit at the…
-
Asian shares slide as tech shares crumble after Dow hits 22,000
[ad_1] TOKYO (Reuters) – Asian shares slid on Thursday, led by falls in South Korean tech shares, as investors locked in recent gains after Wall Street’s Dow Jones Industrial Average broke the 22,000 barrier for…
-
U.S. court puts MetLife 'too big to fail' case on indefinite pause
[ad_1] WASHINGTON (Reuters) – Any legal decision on whether the largest U.S. life insurer MetLife Inc (MET.N) should be labeled “too big to fail” will probably come after the Trump administration defines its stance on…
-
Exclusive: Sanctions gap lets Western firms tap Russian frontier oil
[ad_1] OSLO/MOSCOW (Reuters) – A gap in U.S. sanctions allows Western companies to help Russia develop some of its most technically challenging oil reserves, and risks undermining the broad aim of the measures, a Reuters…
-
Asia tech stocks bask in Apple glow, dollar in the dark
[ad_1] SYDNEY (Reuters) – Asian technology stocks hit 17-year peaks on Wednesday as blockbuster earnings from Apple rippled out to component makers globally, helping the broader market offset losses in the energy sector. Shares in…
-
Bitcoin splits, but clone off to slow start
[ad_1] NEW YORK (Reuters) – Bitcoin’s underlying software code was split on Tuesday, generating a new clone called “Bitcoin Cash,” but the new virtual currency got off to a slow start due to lackluster support…
-
Thomson Reuters' second-quarter profit tops estimates
[ad_1] NEW YORK (Reuters) – Thomson Reuters Corp (TRI.TO)(TRI.N) on Tuesday reported higher-than-expected second-quarter earnings, helped by demand for market data, and increased its full-year forecast for margins and adjusted earnings per share. The company’s…
-
Japan's Honda posts stronger-than-expected first quarter operating profit
[ad_1] TOKYO (Reuters) – Honda Motor Co. posted a 0.9 percent rise in operating profit for the first quarter as strong Asian sales of cars and motorcycles helped offset a slide in North American demand,…
-
Republicans want tech input on U.S. net neutrality legislation
[ad_1] WASHINGTON (Reuters) – A U.S. congressional committee on Monday asked for input from Google parent Alphabet Inc (GOOGL.O), Facebook Inc (FB.O), Comcast Corp (CMCSA.O), Amazon.com Inc (AMZN.O) and other major companies on a proposed…
-
Clariant hires Goldman to fend off activist opposed to Huntsman merger
[ad_1] FRANKFURT/ZURICH (Reuters) – Specialty chemicals group Clariant (CLN.S) has hired Goldman Sachs (GS.N) as an additional adviser to help stave off an activist investor’s campaign to derail its planned merger with U.S. peer Huntsman…
-
Asia stocks start data-heavy week with gains; dollar creeps up
[ad_1] SINGAPORE (Reuters) – Asian shares turned positive on Monday, shrugging off a new North Korean missile test as investors turned their attention to a raft of global economic data and earnings this week, while…
-
Audi targets 10 billion euros in cost cuts to fund electric-car push: sources
[ad_1] BERLIN (Reuters) – Audi (NSUG.DE) aims to cut costs by 10 billion euros ($12 billion) by 2022 to help fund a shift to electric cars as it seeks to move on after the emissions…
-
Daimler finance arm expects record year after first-half gains
[ad_1] BERLIN (Reuters) – Daimler’s (DAIGn.DE) finance arm said it was heading for another record year after signing nearly one million new leasing and finance contracts between January and June. Daimler Financial Services, which handles…
-
Apple says it is removing VPN services from China App Store
[ad_1] BEIJING (Reuters) – Apple Inc (AAPL.O) says it is removing virtual private network (VPN) services from its app store in China, drawing criticism from VPN service providers, who accuse the U.S. tech giant of…
-
Benetton family in shortlist to buy Ducati: source
[ad_1] MILAN (Reuters) – Italy’s Benetton family is among five bidders shortlisted to buy Italian motorcycle brand Ducati, which is being sold by Germany’s Volkswagen (VOWG_p.DE), a source close to the matter said on Saturday.…
-
Tesla's Musk hands over first Model 3 electric cars to early buyers
[ad_1] FREMONT, Calif. (Reuters) – Tesla Chief Executive Officer Elon Musk said on Friday the Model 3 had over half a million advance reservations as he handed over the first 30 to employee buyers, setting…
-
Wells Fargo cuts 69 executive jobs: spokesman
[ad_1] (Reuters) – Wells Fargo & Co (WFC.N) said on Friday it is cutting 69 executive jobs at its retail unit, as part of a restructuring in the division. Some of the executives positions will…
-
S&P 500 dented by earnings; Dow hits record high
[ad_1] (Reuters) – The S&P 500 slipped on Friday on negative reactions to earnings reports from high-profile names such as Amazon, Exxon and Starbucks and a drop in shares of tobacco companies. The Dow industrials,…
-
Bill Gates ‘spodestato’ da Amazon: è Bezos l’uomo più ricco del mondo
[ad_1] di PIERO CHIMENTI – Jeff Bezos, primo azionista di Amazon, è salito sul gradino più alto nella classifica dei ‘super-ricchi’ togliendo il primato detenuto da molti anni da Bill Gates, fondatore di Microsoft. Bezon,…
-
JPMorgan plans cost cuts in Sapphire Reserve card unit: WSJ
[ad_1] (Reuters) – JPMorgan Chase & Co (JPM.N) is pushing for fresh cost cuts of about $200 million in the unit that oversees Sapphire Reserve credit card, the Wall Street Journal reported on Friday. Senior…
-
Svimez: Sud cresce più del Nord, ma tornerà ai livelli pre crisi nel 2028
[ad_1] ROMA – Anno positivo il 2016 per il Sud, “il cui Pil è cresciuto dell’1%, più che nel Centro-Nord, dove è stato pari a +0,8%” ma quest’anno il Pil “dovrebbe aumentare dell’1,1% al Sud…
-
Asian shares pull back after U.S. techs knocked off highs
[ad_1] TOKYO (Reuters) – Asian stock markets sagged on Friday after U.S. tech shares retreated from recent rallies, though optimism about U.S. corporate earnings and the global economy underpinned overall sentiment. MSCI’s broadest index of…
-
Fincantieri, Parigi nazionalizza i cantieri navali Stx
[ad_1] PARIGI – Parigi ha alzato le barricate pubbliche contro le ambizioni di acquisizione del gruppo di cantieristica Stx da parte di Fincantieri. Il ministro dell’Economia e delle Finanze, Brune Le Maire, ha infatti annunciato…
-
Trump's 'America First' push not protectionist: UPS CEO
[ad_1] SEATTLE (Reuters) – Republican U.S. President Donald Trump’s efforts to renegotiate or scrap longstanding global trade deals are not protectionist and are more focused on winning better terms for American businesses, the top executive…
-
Dieselgate: Volkswagen richiamerà 4 milioni di auto diesel
[ad_1] WOLFSBURG – Volkswagen offrirà ai propri clienti in Europa e altri mercati un programma di aggiornamento per le automobili con motori diesel Eu5 ed Eu6: un’operazione che interesserà 4 milioni di automobili nel mondo…
-
Verizon's quarterly revenue beats estimates, subscribers rise
[ad_1] (Reuters) – Verizon Communications Inc (VZ.N) on Thursday reported quarterly revenue that topped expectations as the No. 1 U.S. wireless carrier attracted more subscribers with its unlimited data plan. Shares were up 1.6 percent…
-
Facebook shares hit record high as mobile ad sales soar
[ad_1] (Reuters) – Facebook Inc’s mobile advertising business grew by more than 50 percent in the second quarter, the company said in its earnings report on Wednesday, as the social network continued to establish itself…
-
U.S. defense companies lift forecasts amid growing security concerns
[ad_1] (Reuters) – Top U.S. weapons makers reported better-than-expected quarterly results and raised their full-year forecasts, buoyed by higher demand for fighter jets and tanks amid heightened security concerns around the world. General Dynamics Corp…