Tesla’s Musk calls Wall Street snub ‘foolish’ but defends his behavior
(Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk acknowledged on Friday that it was “foolish” of him to…
House of Fraser shareholder Sports Direct sues over business plan
LONDON (Reuters) – A minority shareholder of Britain’s House of Fraser, Sports Direct (SPD.L), is suing the department store chain…
Buffett’s Berkshire swings to rare loss but performs better
OMAHA, Neb. (Reuters) – Warren Buffett lost money but had a pretty good quarter. A shareholder takes a picture of…
Air France-KLM CEO to quit after staff reject pay deal
PARIS (Reuters) – Air France-KLM (AIRF.PA) CEO Jean-Marc Janaillac said on Friday he would resign after staff rejected a pay…
Exclusive: Redstone makes concessions on Viacom CEO to clinch CBS merger – sources
(Reuters) – Shari Redstone, the media heiress whose family controls CBS Corp (CBS.N) and Viacom Inc (VIAB.O), has offered CBS…
Ex-Volkswagen CEO Winterkorn charged in U.S. over diesel scandal
WASHINGTON (Reuters) – The U.S. Justice Department on Thursday disclosed the filing of criminal charges against former Volkswagen AG (VOWG_p.DE)…
U.S. investment house backs changes at Australia’s scandal-hit AMP: Fairfax
SYDNEY (Reuters) – The largest shareholder in Australia’s AMP Ltd (AMP.AX), U.S. investment house Harris Associates, supports the ouster of…
Buffett draws them in even as Berkshire comes up short
(Reuters) – He thinks of himself as a teacher, and to many he is an icon. But to Wall Street,…
World shares hemmed in by dollar and Fed rate expectations
LONDON (Reuters) – World stocks inched higher on Wednesday after two days of losses but remained pinned down by the…
Marathon to become top U.S. refiner with $23 billion Andeavor buy
(Reuters) – Marathon Petroleum Corp (MPC.N) agreed to buy rival Andeavor (ANDV.N) for more than $23 billion in the largest-ever…
Exclusive: U.S. EPA grants biofuels waiver to billionaire Icahn’s oil refinery – sources
NEW YORK (Reuters) – The U.S. Environmental Protection Agency has granted a financial hardship waiver to an oil refinery owned…
Global sales, U.S. spending serve McDonald’s results beat
(Reuters) – McDonald’s Corp (MCD.N) blew past analysts’ forecasts for profit and sales on Monday, helped by strength in overseas…
OPEC April oil output hits year low on Venezuela slide: Reuters survey
LONDON (Reuters) – OPEC oil output fell in April to a one-year low due to declining production in Venezuela and…
Britain’s Sainsbury’s and Asda agree 13.3-billion-pound merger
LONDON (Reuters) – Sainsbury’s (SBRY.L) and Asda, the UK arm of Walmart (WMT.N), confirmed on Monday they had agreed a…
Asian shares edge higher as tensions ease, earnings rise
SYDNEY (Reuters) – Asian shares rose again on Monday as tensions in the Korean Peninsula eased and first-quarter earnings shone,…
Canadian exchange operator TMX blames hardware failure for outage
TORONTO (Reuters) – Canada’s largest stock exchange operator said on Saturday that the failure of data storage equipment caused an…
Ex-Wynn Resorts CEO files defamation lawsuit against former employee – WSJ
(Reuters) – Steve Wynn, who resigned in February as chief executive of Wynn Resorts Ltd (WYNN.O) following allegations of sexual…
China eases restrictions on foreign ownership of securities ventures
BEIJING (Reuters) – China’s securities regulator has released new guidelines for foreign investment in Chinese security joint ventures in which…
T-Mobile, Sprint say $26 billion deal would give U.S. tech lead over China
(Reuters) – T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N) said on Sunday they had agreed to a $26 billion…
Walmart attempts international turnaround with UK, India tie-ups
NEW YORK (Reuters) – Walmart Inc’s (WMT.N) urgency to stem market share losses to rivals around the world is driving…
Sainsbury’s, Walmart’s Asda to create UK supermarket powerhouse
LONDON (Reuters) – Sainsbury’s and Walmart’s Asda are in talks to create Britain’s biggest supermarket group, a combination which would…
Saudi Aramco appoints first woman to the board
DUBAI (Reuters) – State run Saudi Aramco, the world’s top oil company, said on Sunday it has appointed five new…
Outrage breaks out after Whole Foods partners with Yellow Fever eatery
LOS ANGELES (Reuters) – Amazon.com’s Whole Foods Market sparked social media outrage after its newest store in its 365 grocery…
DoubleLine’s Gundlach says U.S. Treasuries ‘not attractive’
NEW YORK (Reuters) – Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Tuesday that U.S. Treasuries were “not…
Whirlpool to sell Embraco compressor business to Japan’s Nidec
(Reuters) – Whirlpool Corp (WHR.N) said on Tuesday it agreed to sell its Embraco compressor business to Japan’s Nidec Corp…
U.S debt deluge lifts bond yields to four-year high, Asia stocks down
TOKYO (Reuters) – Asian stocks slipped and the U.S. dollar advanced on Tuesday, as a deluge of U.S. government debt…
High-profile investors bet on stocks tied to millennials: Sohn Conference
NEW YORK (Reuters) – Hedge fund managers at the high-profile 2018 Sohn Investment Conference in New York pitched stock ideas…
Wall Street set to open higher despite rising U.S. yields
(Reuters) – Wall Street was set for gains on Monday as optimism about the strong earnings season helped ease concerns…
Asia stocks struggle with rising yields; oil stays high
SYDNEY (Reuters) – Asian stocks dipped on Monday as investors braced for a bevy of earnings from the world’s largest…
Southwest cancels about 40 flights for engine inspections
(Reuters) – Southwest Airlines Co (LUV.N) said it canceled about 40 flights on Sunday, or 1 percent of those scheduled,…
Michael Bloomberg to write $4.5 million check for Paris climate pact
WASHINGTON (Reuters) – Former New York mayor and billionaire Michael Bloomberg said on Sunday he will write a $4.5 million…
Japan may soften trade stance as U.S. keeps up pressure
WASHINGTON (Reuters) – Despite calls to resist protectionism and for the United States to rejoin a multilateral trans-Pacific trade pact,…
China’s ZTE seeks resolution of U.S. export ban
BEIJING (Reuters) – China’s ZTE (0763.HK) (000063.SZ) is seeking a resolution to a U.S. ban on selling it parts and…
Treasury chief may visit China as trade tensions simmer
WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Saturday he may travel to China, a move that could…
World Bank says shareholders endorse capital increase
WASHINGTON (Reuters) – The World Bank said on Saturday its shareholders had endorsed a $13 billion paid-in capital increase, a…
U.S. banks push mortgage apps as home lending slows
NEW YORK (Reuters) – Big U.S. banks are racing to launch websites and mobile apps to make getting a mortgage…
Multiple ‘No’ votes at Deutsche Bank’s April 8 meet to change CEO – sources
FRANKFURT (Reuters) – Multiple supervisory board members cast dissenting votes at a meeting that reshuffled top management at Deutsche Bank…
Ford tells WPP it will take bids from other ad agencies
LONDON (Reuters) – Ford Motor Company (F.N) said on Saturday it will take bids on some of its advertising managed…
U.S. sanctions on Vekselberg have $1.5-$2 billion assets frozen: sources
ZURICH/MOSCOW – Assets totaling between $1.5 billion and $2 billion have been frozen as a result of sanctions imposed on…
Telecom standards group puts new technology on hold in wake of U.S. probe
WASHINGTON (Reuters) – A telecommunications standards organization – GSMA – said on Saturday it is delaying implementation of a new…
U.S. regulator permits China’s ZTE to submit more evidence
NEW YORK (Reuters) – The U.S. Commerce Department has granted ZTE Corp’s (000063.SZ) (0763.HK) request to submit more evidence after…
Apple offers battery replacement for some MacBooks after flaws reported
(Reuters) – Apple Inc (AAPL.O) on Friday said component failure in a limited number of MacBook Pros has caused built-in…
Trump’s next $100 billion tariff dilemma: hit Wal-Mart or Apple Store?
WASHINGTON (Reuters) – U.S. consumers may be about to directly feel the effects of the trade fight started by U.S.…
Trump rails against high oil prices, OPEC pushes back
WASHINGTON/JEDDAH, Saudi Arabia (Reuters) – U.S. President Donald Trump accused OPEC on Friday of “artificially” boosting oil prices, drawing rebukes…
Wall Street falls on investor nerves about interest rates, tech
NEW YORK (Reuters) – Wall Street’s three major indexes declined on Friday as investors worried about a jump in U.S.…
U.S., European regulators mandate checks on some 737 engines
WASHINGTON/PARIS (Reuters) – European and U.S. airline regulators on Friday ordered mandatory inspections within 20 days of aircraft engines similar…
A U.S. recession ahead? Fed policymakers say not to worry
CHICAGO/SAN FRANCISCO (Reuters) – As the gap between short- and long-term borrowing costs hovers near its lowest in more than…
U.S. said to investigate AT&T, Verizon over wireless collusion claim: source
WASHINGTON (Reuters) – The U.S. has opened a probe into alleged coordination by AT&T Inc (T.N), Verizon Communications (VZ.N) and…
China’s ZTE slams U.S. ban on sales, says company’s survival at risk
HONG KONG (Reuters) – China’s ZTE Corp (0763.HK) (000063.SZ) said on Friday that a U.S. ban on the sale of…
AT&T subsidiary DirecTV asks to be dropped from antitrust case
WASHINGTON (Reuters) – DirecTV, the biggest U.S. pay TV company and a subsidiary of AT&T, asked a federal court on…
Starbucks to close 8,000 U.S. stores for one afternoon for racial-bias training
(Reuters) – Starbucks Corp (SBUX.O) will close 8,000 company-owned U.S. cafes for the afternoon on May 29 so 175,000 employees…
Asian shares edge ahead with Wall Street, but China lags
SYDNEY (Reuters) – Asian shares crept ahead on Wednesday after Wall Street took heart from upbeat corporate earnings, though nagging…
China Huarong shares halted as chairman investigated for suspected graft
HONG KONG (Reuters) – Trading in shares of China Huarong Asset Management Co Ltd (2799.HK) and two of its units…
Carl Icahn buys stake in software provider VMware: CNBC
(Reuters) – Billionaire investor Carl Icahn has acquired a stake in cloud computing platform VMware Inc (VMW.N), CNBC reported on…
Australia government says banking executives responsible for misconduct could face jail
SYDNEY (Reuters) – Australian Treasurer Scott Morrison warned on Wednesday that financial sector executives responsible for widespread breaches of corporate…
Ford expands U.S. medical ride business built around its vans
DETROIT (Reuters) – Ford Motor Co (F.N) said on Wednesday that it was expanding a medical transport service called GoRide…
Wall Street rises on earnings hopes, Netflix soars
NEW YORK (Reuters) – U.S. stock indexes rallied on Tuesday on broad-based gains while Netflix and UnitedHealth earnings impressed investors…