U.S. housing starts at 13-year high, factory output gains
WASHINGTON (Reuters) – U.S. homebuilding surged to a 13-year high in December as activity increased across the board, suggesting the…
U.S. job openings post biggest drop in more than four years
WASHINGTON (Reuters) – U.S. job openings recorded their biggest drop in more than four years in November, while hiring increased…
Toyota completes $1.3 billion modernization project at Indiana facility
FILE PHOTO: A Toyota logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019.…
Toyota to move Tacoma truck production to Mexico from U.S.
FILE PHOTO: A Toyota logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019.…
Boeing addresses new 737 MAX software issue that could keep plane grounded longer
FILE PHOTO: Boeing 737 Max fuselages are seen parked outside the company’s production facility in Renton, Washington, U.S. January 10,…
After India’s Amazon snub, Modi’s party slams Bezos-owned Washington Post
NEW DELHI (Reuters) – Indian Prime Minister Narendra Modi’s ruling party on Friday slammed editorial policies of billionaire Jeff Bezos-owned…
Oil steadies as Chinese economy offsets trade optimism
NEW YORK (Reuters) – Oil prices steadied on Friday as sluggish economic growth in China, the world’s biggest crude importer,…
Netflix opens Paris office, plans new French-language series
PARIS (Reuters) – U.S. television streaming company Netflix has opened a new Paris office and plans to develop more than…
Shares set fresh records, lifted by U.S. housing data
NEW YORK (Reuters) – Key world equity indexes scaled new highs on Friday, boosted by a surge in U.S. housing…
Wall Street hits new highs in strongest week since August
(Reuters) – Wall Street climbed to record highs on Friday, with major indexes turning in their strongest weekly gains since…
U.S. will look at sudden acceleration complaints involving 500,000 Tesla vehicles
WASHINGTON (Reuters) – The National Highway Traffic Safety Administration (NHTSA) said Friday it will review a petition asking the agency…
Best Buy starts investigation into CEO’s personal conduct
FILE PHOTO: A sign marks a Best Buy store in Salem, New Hampshire, U.S., November 25, 2019. REUTERS/Brian Snyder (Reuters)…
Lawyers for Huawei CFO call Canada prosecutor’s arguments ‘circular’
Huawei Chief Financial Officer Meng Wanzhou leaves her home to attend a case management conference in advance of her extradition…
Morgan Stanley CEO Gorman’s total 2019 pay falls 7% to $27 million
FILE PHOTO: James P. Gorman, chairman & CEO of Morgan Stanley, testifies before a House Financial Services Committeeon Capitol Hill…
Nokia October warning investigated by local FSA: newspaper report
FILE PHOTO: The logo and ticker for Nokia are displayed on a screen on the floor of the New York…
With market at record highs, eyes on reports from chipmakers
NEW YORK (Reuters) – Reports from Netflix, Intel and Texas Instruments next week may hint at what is to come…
German cabin crew union plans further strikes at Lufthansa
FILE PHOTO: A Lufthansa Airbus A380-800 aircraft lands at Frankfurt Airport in Frankfurt, Germany April 29, 2019. REUTERS/Ralph Orlowski/File Photo…
China posts weakest growth in 29 years as trade war bites, but ends 2019 on firmer note
BEIJING (Reuters) – China’s economic growth slowed to its weakest in nearly 30 years in 2019 amid a bruising trade…
U.S. Senate passes North America trade deal, Canada still to approve
WASHINGTON (Reuters) – The U.S. Senate on Thursday approved a revamp of the 26-year-old North American Free Trade Agreement that…
U.S., China reset trade relationship with Phase 1 agreement
WASHINGTON (Reuters) – The United States and China announced an initial trade deal on Wednesday that will roll back some…
Bank of America quarterly profit falls 4%
FILE PHOTO: A Bank of America building is seen in Los Angeles, California, U.S., May 6, 2019. REUTERS/Lucy Nicholson (Reuters)…
Banks lobby Aramco for incentive fee after slim IPO pickings: sources
DUBAI/LONDON (Reuters) – Global banks who worked on Saudi Aramco’s (2222.SE) record initial public offering are pushing for an additional…
Blackstone raises three-quarters of targeted $4.6 billion life sciences fund
FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on…
Ghosn: I thought Versailles palace party venue was a gift
BEIRUT (Reuters) – Former Nissan-Renault boss Carlos Ghosn said on Wednesday he had not initially paid to hold a family…
U.S. FAA bans airlines from flying over Iraq, Iran after missile attack on U.S. troops
WASHINGTON/MONTREAL (Reuters) – The U.S. Federal Aviation Administration said it would ban U.S. carriers from operating in the airspace over…
Uber partners with Hyundai on electric air taxi
SEOUL (Reuters) – U.S. ride-hailing company Uber Technologies Inc (UBER.N) and South Korean automaker Hyundai Motor (005380.KS) have teamed up…
Chinese delegation plans to travel to Washington to sign trade deal: SCMP
FILE PHOTO: Chinese and U.S. flags are set up for a meeting during a visit by U.S. Secretary of Transportation…
Japan orders tighter immigration procedures after Ghosn flees country
TOKYO (Reuters) – Japan on Sunday said it would tighten immigration measures after former Nissan boss Carlos Ghosn fled the…
Ghosn fled Japan after security firm hired by Nissan stopped surveillance
TOKYO (Reuters) – Ousted Nissan boss Carlos Ghosn left his Tokyo residence after a private security firm hired by Nissan…
U.S. auto safety agency to investigate fatal Tesla crash in California
WASHINGTON (Reuters) – The fatal Dec. 29 crash of a Tesla Inc vehicle in Southern California will be investigated by…
Wall Street slips from records as investors lock in year-end gains
NEW YORK (Reuters) – Wall Street’s major stock indexes slipped from record highs on Monday as investors booked profits from…
EU seeks reset in trade talks with U.S. – trade chief Hogan
FILE PHOTO: European Trade Commissioner-designate Phil Hogan of Ireland attends his hearing before the European Parliament in Brussels, Belgium September…
Egypt competition watchdog approves Uber acquisition of Careem with conditions
CAIRO (Reuters) – Egyptian regulators have approved Uber’s $3.1 billion acquisition of regional rival Careem after agreeing to a set…
Tim Hortons President Alex Macedo to leave next year
FILE PHOTO: A Tim Hortons logo is pictured in Montreal, Quebec, Canada, October 18, 2019. REUTERS/Carlo Allegri (Reuters) – Restaurant…
Prosecutors claim Avenatti was over $15 million in debt during alleged Nike extortion
(Reuters) – California attorney Michael Avenatti, known for representing porn actress Stormy Daniels in a lawsuit against U.S. President Donald…
Record online sales give U.S. holiday shopping season a boost: report
(Reuters) – U.S. shoppers spent more online during this year’s holiday shopping season, a report by Mastercard Inc (MA.N) showed…
Roche enters $1.15 billion licensing deal for Sarepta gene therapy
FILE PHOTO: The logo of Swiss drugmaker Roche is seen at its headquarters in Basel, Switzerland February 1, 2018. REUTERS/Arnd…
Manager of McDonald’s franchise in Peru says faulty drinks machine caused deaths
LIMA (Reuters) – The general manager of the company that operates McDonald’s restaurants in Peru told local television that the…
Senior U.S. lawmaker to seek testimony of Wells Fargo’s board
WASHINGTON (Reuters) – Wells Fargo’s board of directors will be called to testify before Congress about the bank’s numerous scandals…
Explainer: How the 737 MAX production freeze affects airlines across the globe
SYDNEY/CHICAGO (Reuters) – Boeing Co has decided to suspend production of its best-selling 737 MAX model from January, the plane…
China’s November industrial output, retail sales beat expectations
BEIJING (Reuters) – China’s industrial output and retail sales growth accelerated more than expected in November, suggesting resilience in the…
Telenor says Huawei will still play role in 5G rollout
BRUSSELS (Reuters) – Telenor (TEL.OL) will use equipment from Huawei in building Norway’s 5G network, the telecoms operator said on…
Aramco shares up 1.6% in third consecutive day of gains
FILE PHOTO: Participants attend the official ceremony marking the debut of Saudi Aramco’s initial public offering (IPO) on the Riyadh’s…
California governor rejects PG&E bankruptcy reorganization plan
(Reuters) – California Governor Gavin Newsom on Friday rejected a bankruptcy reorganization plan submitted by PG&E Corp (PCG.N), the state’s…
U.S. Justice Department preparing legal action against Live Nation: source
FILE PHOTO: A general view of the Department of Justice building is seen in Washington, U.S., April 18, 2019. REUTERS/Amr…
What’s in the U.S.-China ‘phase one’ trade deal
WASHINGTON (Reuters) – The United States and China have agreed on the terms of a “phase one” trade deal that…
U.S.-China trade deal cuts tariffs for Beijing promise of big farm purchases
WASHINGTON/BEIJING (Reuters) – The United States and China cooled their trade war on Friday, announcing a “Phase one” agreement that…
Exclusive: Hudson’s Bay Co’s take-private deal falls short in shareholder vote – sources
(Reuters) – Saks Fifth Avenue owner Hudson’s Bay Co (HBC.TO) has fallen short of securing enough shareholder support for a…
Bristol-Myers wins $752 million in U.S. patent case against Gilead
FILE PHOTO: Logo of global biopharmaceutical company Bristol-Myers Squibb is pictured on the blouse of an employee in Le Passage,…
U.S. agency probes 12th Tesla crash tied to possible Autopilot use
TFILE PHOTO: he company logo is pictured on a Tesla Model X electric car in Berlin, Germany, November 13, 2019.…
Airbus beats Boeing to become preferred supplier for Qantas Sydney-London flights
SYDNEY (Reuters) – Qantas Airways Ltd (QAN.AX) said on Friday is has chosen Airbus SE (AIR.PA) as preferred supplier for…
Saudi Aramco tops Crown Prince’s $2 trillion goal as shares surge
DUBAI/RIYADH (Reuters) – Saudi Aramco (2222.SE) topped the $2 trillion target sought by Saudi leader Crown Prince Mohammed bin Salman…
Fed holds rates steady, expects moderate economic growth next year
WASHINGTON, (Reuters) – The U.S. Federal Reserve on Wednesday held interest rates steady and signaled borrowing costs are likely to…
GM, doubling down on big SUVs, unveils longer Chevy Tahoe, Suburban
DETROIT (Reuters) – General Motors Co (GM.N) could expand the lineup of vehicles using its large truck and sport utility…
Choppy markets leave U.S. bank bonus decisions in limbo
NEW YORK (Reuters) – December is always a month of suspense on Wall Street, as dealmakers, traders and money managers…
Asian shares buoyed by Wall St rally, but China worry caps gains
SYDNEY (Reuters) – Asian stocks edged up on Monday, catching some of Wall Street’s momentum after surprisingly strong U.S. jobs…
Bankrupt PG&E reaches $13.5 billion settlement with California wildfire victims
(Reuters) – California’s bankrupt power producer PG&E Corp (PCG.N) said on Friday it had reached a $13.5 billion settlement with…