U.S. Supreme Court turns away religious bias claim against Walgreens
WASHINGTON (Reuters) – The U.S. Supreme Court on Monday handed a victory to Walgreens, turning away an appeal by a…
SoftBank leads $265 million investments in two U.S.-based start-ups
(Reuters) – SoftBank on Monday led a new funding round of $165 million in California-based Karius and invested $100 million…
France’s Sanofi to carve out active drug ingredients firm
FILE PHOTO: The logo of Sanofi is seen during the annual results news conference in Paris, France, February 6, 2020.…
Canceled Teck oil sands project underscores global climate-energy policy tension
WINNIPEG, Manitoba/OTTAWA (Reuters) – Teck Resources Ltd’s surprise decision to cancel a planned C$20.6 billion ($15.6 billion) oil sands mine…
Exclusive: Hedge fund Third Point targets British insurer Prudential – sources
FILE PHOTO: A man walks past a Prudential sign outside offices in the City of London March 27, 2013. REUTERS/Luke…
Pandemic fears grip Wall Street, Dow dives 800 points
(Reuters) – The Dow Jones Industrials fell more than 800 points and the S&P 500 as well as the Nasdaq…
Mastercard to add 1,500 technology jobs in Ireland
DUBLIN (Reuters) – Mastercard Inc plans to hire 1,500 more staff in Dublin over the next three to five years,…
Blackstone raises offer for Japan’s Unizo, tops Lone Star’s bid
TOKYO (Reuters) – Blackstone Group (BX.N) has raised its proposed offer to buy Japanese hotel chain Unizo Holdings (3258.T) to…
Exclusive: Germany’s Stada buys 15 GSK consumer health brands
FRANKFURT (Reuters) – Private equity-backed generic drugmaker Stada STAGn.D said it has agreed to buy 15 consumer healthcare products from…
SoftBank leads $165 million capital boost for liquid biopsy firm Karius
(Reuters) – SoftBank’s second Vision Fund has led a new $165 million funding round in California-based Karius, which markets a…
United Technologies, Raytheon offer EU concessions over $120 billion merger deal
FILE PHOTO: A screen shows the logos and trading information for defense contractor Raytheon Co, and United Technologies Corp. on…
Exclusive: U.S. sees no material impact from virus on U.S.-China trade deal – for now
RIYADH (Reuters) – U.S. Treasury Secretary Steven Mnuchin told Reuters he does not expect the coronavirus outbreak to have a…
Exclusive: Juul halts Indonesia e-cigarette sales, throwing Asia expansion in doubt
(Reuters) – Juul Labs Inc is halting sales in Indonesia, citing concerns that it can’t stop retailers from selling its…
Futures plummet as investors dump stocks on fears of pandemic
(Reuters) – U.S. stock index futures tumbled on Monday as investors scurried to perceived safe-haven assets after a surge in…
Buffett calls coronavirus outbreak ‘scary,’ but says he won’t be selling stocks
(Reuters) – Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc (BRKa.N), on Monday called the coronavirus outbreak “scary stuff”…
Oil slides 4% on demand concerns as coronavirus spreads
LONDON (Reuters) – Oil prices slumped by 4% on Monday as the rapid spread of the coronavirus in countries outside…
Boeing scours idle 737 MAX plant for industrial snags
SEATTLE (Reuters) – Insiders note an “eerie” calm at Boeing Co’s (BA.N) 737 MAX factory, formerly a bustling hub that…
Buffett says coronavirus doesn’t dampen his long-term support for stocks
FILE PHOTO: Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire…
German industrial sectors see supply shortage over virus: BDI
BERLIN (Reuters) – Several sectors of Germany’s manufacturing sector are expecting a shortness of supplies from the Far East region…
Cathay Pacific flags ‘significant’ drop in first-half profit, capacity cuts due to coronavirus
FILE PHOTO: A passenger walks to the First Class counter of Cathay Pacific Airways at Hong Kong Airport in Hong…
Alibaba offers $2.86 billion in loans to firms hit by coronavirus outbreak
(This Feb 10 story refiles to add bylines) SHANGHAI (Reuters) – Alibaba Group Holdings (BABA.N) said on Monday its affiliate…
WTO gives somber goods trade outlook, sees virus threat
A traffic light is turned red in front of the WTO headquarters in Geneva, Switzerland, December 10, 2019. REUTERS/Denis Balibouse…
GM shuts Australia, NZ operations; sells Thai plant to Great Wall
NEW YORK/BEIJING (Reuters) – General Motors Co (GM.N) said it would wind down its Australian and New Zealand operations and…
EU industry chief warns of more onerous tech rules by year end
BRUSSELS (Reuters) – The European Union will decide by the end of the year whether to impose rules reining in…
Thyssenkrupp shortlists buyout firms for elevator unit, Kone out
FRANKFURT/DUESSELDORF, Germany (Reuters) – Germany’s Thyssenkrupp (TKAG.DE) has shortlisted two private equity consortia in the sale of its 16 billion…
New York drops fight against T-Mobile-Sprint merger
NEW YORK (Reuters) – New York on Sunday dropped its fight against the $40 billion merger of U.S. wireless carriers…
Exclusive: Italian government leaning towards third term for Eni CEO – sources
ROME/MILAN (Reuters) – The Italian government is leaning toward reappointing Claudio Descalzi as CEO of state-controlled oil firm Eni, provided…
Oil edges up as output cut hopes offset coronavirus concern
NEW YORK/LONDON (Reuters) – Oil prices inched up on Monday as concerns over the economic fallout from the coronavirus outbreak…
Euro zone ministers discuss fiscal boost options as virus worries weigh
BRUSSELS (Reuters) – Euro zone finance ministers discussed ways to pursue a more growth-friendly fiscal policy mix on Monday, in…
EU industry chief tells Facebook to adapt to EU, not other way round
BRUSSELS (Reuters) – EU industry commissioner Thierry Breton said on Monday it was for Facebook to adapt to Europe’s standards,…
Xerox courts HP shareholders as takeover battle heats up
(Reuters) – U.S. printer maker Xerox Holdings Corp (XRX.N) is hosting a dinner for HP Inc (HPQ.N) shareholders this week…
Amazon’s Bezos pledges $10 billion to climate change fight
FILE PHOTO: Founder, Chairman, CEO and President of Amazon Jeff Bezos speaks during an event about Blue Origin’s space exploration…
U.S. mulls cutting Huawei off from global chip suppliers, with TSMC in crosshairs
WASHINGTON (Reuters) – The Trump administration is considering changing U.S. regulations to allow it to block shipments of chips to…
Apple unlikely to meet revenue guidance due to coronavirus impact
(Reuters) – Apple Inc (AAPL.O) said on Monday it would not meet its revenue guidance for the March quarter because…
U.S. declares coronavirus health emergency, bars foreign nationals who visited China
WASHINGTON Reuters) – The Trump administration, while insisting the risk to Americans from coronavirus is low, nevertheless declared a public…
Earnings volatility set to kick in as coronavirus worries mount
NEW YORK (Reuters) – Concerns over the outbreak of coronavirus from China have largely overshadowed corporate results, but the back…
PG&E proposes board revamp in revised bankruptcy plan
FILE PHOTO – A PG&E truck carrying an American Flag drives past PG&E repair trucks in Paradise, California, U.S. November…
Pilots, flight attendants demand flights to China stop as virus fear mounts worldwide
CHICAGO/PARIS (Reuters) – Pilots and flight attendants are demanding airlines stop flights to China as health officials declare a global…
As coronavirus misinformation spreads on social media, Facebook removes posts
SAN FRANCISCO (Reuters) – Facebook Inc (FB.O) said it will take down misinformation about China’s fast-spreading coronavirus, in a rare…
Apple to close all China mainland stores due to virus outbreak
FILE PHOTO: People wearing protective masks are seen in an Apple Store, as China is hit by an outbreak of…
Factbox: Companies feel impact of coronavirus outbreak in China
(Reuters) – Some companies have warned that a coronavirus outbreak in China that has killed more than 250 people and…
Airlines suspend China flights because of coronavirus outbreak
(Reuters) – Airlines are suspending flights to China in the wake of the new coronavirus outbreak. A flight attendant wearing…
Harley-Davidson’s shares tumble on steeper fall in revenues
FILE PHOTO: Customers look at the showroom inventory at Harley-Davidson of Frederick in Frederick Maryland, October 23, 2012. REUTERS/Gary Cameron…
WeWork inks office space deal with SoftBank-backed Gympass: sources
NEW YORK (Reuters) – WeWork has signed a deal to provide space to 250 employees of gym membership app company…
Bayer faces fourth U.S. Roundup cancer trial in Monsanto’s hometown
(Reuters) – Bayer AG (BAYGn.DE) is set to face a fourth U.S. jury trial over allegations that its Roundup weed…
Angola’s Dos Santos named as suspect over alleged fraud at oil firm: Lusa news agency
FILE PHOTO: Isabel Dos Santos, daughter of Angola’s former president, sits for a portrait during a Reuters interview in London,…
BlackRock, partners eye initial $500 million for climate fund
LONDON (Reuters) – A BlackRock-backed (BLK.N) group aims to raise an initial $500 million for a private equity fund that…
Factbox: How a virus impacts the economy and markets
(Reuters) – The outbreak of a new virus in China has sent shivers through world financial markets, with investors drawing…
IBM forecasts full-year profit above estimates on cloud growth
(Reuters) – International Business Machines Corp (IBM.N) forecast full-year profit above market expectations on Tuesday after reporting surprise growth in…
Exclusive: Apple dropped plan for encrypting backups after FBI complained – sources
SAN FRANCISCO (Reuters) – Apple Inc (AAPL.O) dropped plans to let iPhone users fully encrypt backups of their devices in…
Asia shares feel a chill as China virus risks mount
SYDNEY (Reuters) – Asian shares took a sudden turn for the worse on Tuesday as mounting concerns about a new…
CEO says Bank of America aims to ‘double’ its U.S. consumer market share: FT
FILE PHOTO: Bank of America CEO Brian Moynihan attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January…
JPMorgan to buy Paris building to bring euro teams from London
PARIS (Reuters) – U.S. bank JPMorgan Chase & Co (JPM.N) said it plans to buy a building in central Paris…
Walmart U.S. Chief Merchandising Officer Bratspies departs
FILE PHOTO: Walmart’s logo is seen outside one of the stores ahead of the Thanksgiving holiday in Chicago, Illinois, U.S.…