Tesla shares, bonds jump after surprise third quarter profit
FILE PHOTO: The front hood logo on a 2018 Tesla Model 3 electric vehicle is shown in this photo illustration…
SoftBank clinches WeWork takeover deal, bailing out co-founder
(Reuters) – SoftBank Group Corp agreed to spend more than $10 billion to take over U.S. office-space sharing startup WeWork…
McDonald’s posts rare profit miss, shares drop
(Reuters) – McDonald’s Corp (MCD.N) missed Wall Street estimates for profit for the first time in two years on Tuesday…
Turkey says nothing will come of Halkbank case if law in U.S. works
People walk past by a branch of Halkbank in central Istanbul, Turkey, October 16, 2019. REUTERS/Huseyin Aldemir ANKARA (Reuters) –…
China says it hopes to reach phased trade pact with U.S. as early as possible
BEIJING (Reuters) – China’s commerce ministry said on Thursday that China hoped to reach a phased agreement with the United…
Drug firms offer to settle U.S. opioid suits with $50 billion package – sources
(Reuters) – Five drugmakers and distributors are offering $22 billion in cash as well as drugs and services they value…
FCC approves merger of T-Mobile, Sprint on vote split on party lines: sources
FILE PHOTO: A smartphones with Sprint logo are seen in front of a screen projection of T-mobile logo, in this…
Let’s do it together: Huawei seeks to allay EU concerns with appeal for 5G partnership
BRUSSELS (Reuters) – Chinese telecoms manufacturer Huawei Technologies sought on Wednesday to assuage European concerns that it is a cyber…
Huawei unveils new 5G antennae ahead of China ramp
ZURICH (Reuters) – Huawei Technologies on Wednesday launched a new generation of 5G mobile antennae, anticipating an acceleration in the…
Boeing CEO says ‘fully supportive’ of board’s move to split jobs: memo
SEATTLE (Reuters) – Boeing Co (BA.N) Chief Executive Dennis Muilenburg told employees he was “fully supportive” of the board’s decision…
Weak U.S. retail sales cast shadow over slowing economy
WASHINGTON (Reuters) – U.S. retail sales fell for the first time in seven months in September, suggesting that manufacturing-led weakness…
Air Canada drops 737 MAX from flight schedule until February 14
An Air Canada Boeing 737 MAX 8 from San Francisco approaches for landing at Toronto Pearson International Airport over a…
Facebook executive confident Libra will win enough financial backers
WASHINGTON (Reuters) – Facebook Inc (FB.O), whose digital currency project Libra has been abandoned by several high-profile partners including PayPal,…
Teva to donate over $15 billion worth of drugs in opioid settlement: source
FILE PHOTO: The logo of Teva Pharmaceutical Industries is seen during a news conference hold by its CEO, Kare Schultz,…
Stocks flat on data, earnings; pound volatile
NEW YORK (Reuters) – A gauge of world stock markets was flat on Wednesday as U.S. data that raised concerns…
UAW, GM leaders have a deal to end strike, now workers will decide
DETROIT (Reuters) – General Motors Co (GM.N) and the United Auto Workers union reached a tentative deal on Wednesday for…
Fiat Chrysler faces $79 million U.S. penalty for fuel economy shortfall
WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV (FCHA.MI) on Wednesday said it faces a $79 million U.S. civil penalty for…
Oil rises on hopes OPEC will extend supply cuts, weaker U.S. dollar
HOUSTON (Reuters) – Oil rose on Wednesday, gaining support due to signs that OPEC and allied producers will continue to…
Production date for Boeing’s long-haul 777-8 up in air as Qantas weighs options
SINGAPORE (Reuters) – The date of entry into service of Boeing Co’s ultra-long-range 777-8 wide-body airliner will depend partly on…
Wall Street slips as weak economic data offsets earnings strength
NEW YORK (Reuters) – Wall Street lost ground on Wednesday as weak U.S. economic data and simmering geopolitical tensions spooked…
IBM revenue misses on weakness in its biggest unit; shares fall 5%
(Reuters) – International Business Machines Corp (IBM.N) missed Wall Street estimates for quarterly revenue on Wednesday, as its global technology…
Mexican billionaire Slim vows to invest in Mexico, touting economic prospects
MEXICO CITY (Reuters) – Mexican billionaire Carlos Slim said on Wednesday that he expects to invest up to $5 billion…
Southeast Asia’s mobile payments face shakeout as market booms
HO CHI MINH CITY/HONG KONG/SINGAPORE (Reuters) – Just next to Ho Chi Minh City’s financial district, two dozen street vendors’…
U.S., Chinese teams working on Phase 1 trade deal text: Mnuchin
U.S. Treasury Secretary Steve Mnuchin speaks about sanctions against Turkey at a news briefing at the White House in Washington,…
SEC freezes assets of 18 traders over alleged manipulation
WASHINGTON (Reuters) – U.S. authorities said on Wednesday it has obtained an asset freeze against 18 traders, who are primarily…
Netflix shares jump as subscribers grow ahead of Disney, Apple attack
(Reuters) – Netflix Inc (NFLX.O) added slightly more paying subscribers than Wall Street expected in the third quarter, a relief…
Groups bidding for PES refinery due to tour fire-damaged site: sources
NEW YORK (Reuters) – Groups vying for the idled Philadelphia Energy Solutions oil refinery have entered the second phase of…
BlackRock names Mehta head of human resources: memo
NEW YORK (Reuters) – BlackRock Inc (BLK.N), the world’s largest asset manager has appointed Manish Mehta as global head of…
Tesla automated parking problems seen liability of app ‘driver’ for now
(Reuters) – Tesla Inc owners summoning their driverless cars in parking lots are likely liable for crashes, lawyers said after…
UAW sees ‘good progress’ on key issues to try to resolve GM strike
Striking United Auto Worker (UAW) member Steve Donagan carries his daughter Regina while walking the strike line with his wife…
PG&E says it has $34.45 billion in debt financing for reorganization
SAN FRANCISCO (Reuters) – PG&E Corp said in court papers on Friday it has debt financing commitments of $34.35 billion…
Exclusive: Regulators weigh ‘startle factors’ for Boeing 737 MAX pilot training – Transport Canada executive
MONTREAL/CHICAGO (Reuters) – Global regulators are looking at “startle factors” that can overwhelm pilots as they consider revised protocols for…
Sacklers reaped up to $13 billion from OxyContin maker, U.S. states say
(Reuters) – OxyContin maker Purdue Pharma LP steered up to $13 billion in profits to the company’s controlling Sackler family,…
‘Goldilocks’ jobs data propels Wall St. to best day since August
(Reuters) – Wall Street surged on Friday after moderate jobs growth in September offered relief from a spate of dismal…
Capital spending outlook another worry ahead of earnings
NEW YORK (Reuters) – Investors are preparing for more cautious capital investment outlooks from U.S. companies as worries mount heading…
U.S. agency reviews whether 2,000 Teslas should have been recalled
WASHINGTON (Reuters) – U.S. regulators said on Friday they were reviewing whether Tesla Inc should have recalled 2,000 of its…
U.S. unemployment rate hits 3.5%; job growth moderate
WASHINGTON, (Reuters) – The U.S. unemployment rate dropped to near a 50-year low of 3.5% in September, with job growth…
Instant View: U.S. September payrolls lower than expected, jobless rate drops
(Reuters) – U.S. job growth increased moderately in September, with the unemployment rate dropping to near a 50-year low of…
As Fed policymakers comb data, few decisive signals on outlook
SAN FRANCISCO/ WASHINGTON (Reuters) – Federal Reserve policymakers on Friday signaled they are on high alert for signs that uncertainty…
Spain’s Sanchez says he will defend food sector against ‘unacceptable’ U.S. tariffs
FILE PHOTO: Spain’s acting Prime Minister Pedro Sanchez looks on during a news conference at the Moncloa Palace after a…
U.S. importers stockpile Parmigiano, Provolone as tariffs on EU cheeses loom
By Andrea Shalal and Aleksandra Michalska Parmesan cheese is seen packaged in the warehouse at Ambriola Co Inc, a unit…
Final Thomas Cook holiday-makers to fly home to Britain
FILE PHOTO: An Airbus A320 of Thomas Cook Airlines lands at Duesseldorf Airport, Germany September 23, 2019. REUTERS/Wolfgang Rattay LONDON…
Mercedes-Benz offers subsidies to retrofit older diesel cars in Germany
FILE PHOTO: A Mercedes-Benz “Vision URBANETIC” concept car is seen in front of the Daimler AG logo during the company’s…
Bayer says October U.S. glyphosate trial delayed until February
FILE PHOTO: Logo and flags of Bayer AG are pictured outside a plant of the German pharmaceutical and chemical maker…
Talks between UAW and GM take ‘turn for the worse’: union official
DETROIT (Reuters) – Talks for a new four-year labor contract between General Motors Co (GM.N) and its striking workers took…
HSBC to cut up to 10,000 jobs in drive to slash costs: FT
FILE PHOTO: A man walks past a logo of HSBC at its headquarters in Kuala Lumpur, Malaysia August 6, 2019.…
Main issues in UAW-GM labor talks narrow to wages, pensions: source
FILE PHOTO: General Motors assembly workers and their supporters gather to picket outside the General Motors Bowling Green plant during…
Motorbike ride-sharing alleviates Dhaka traffic chaos
(This September 27 story has been refiled to correct first name of Pathao CEO to Hussain, no other changes to…
China criticizes new U.S. sanctions over Iranian oil deals
BEIJING/NEW YORK (Reuters) – China on Thursday criticized the United States for imposing new U.S. Secretary of State Mike Pompeo…
Saudi Arabia consults allies on oil attack, awaits result of investigation: official
UNITED NATIONS (Reuters) – Saudi Arabia is in consultation “with friends and allies about the next steps to take” after…
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WeWork chief Neumann’s top lieutenants step up as successors
(Reuters) – As WeWork parent We Company’s CEO Adam Neumann asked Artie Minson and Sebastian Gunningham to separately take care…
U.S. slaps new sanctions on Chinese entities over Iran oil
NEW YORK (Reuters) – The United States is imposing new sanctions on certain Chinese entities and people who it accuses…
U.S. new home sales accelerate; lower mortgage rates a boost
WASHINGTON (Reuters) – Sales of new U.S. single-family homes rebounded more than expected in August, the latest sign that the…
Prudential, M&G to split in October into two FTSE 100 firms
FILE PHOTO: The logo of British life insurer Prudential is seen on their building in London, Britain March 17, 2019.…
Evans: Larger balance sheet may avoid future repo market problems
CHICAGO (Reuters) – Chicago Federal Reserve bank president Charles Evans said on Wednesday that the Fed may be able to…
Juul boss exits in vaping crisis as Philip Morris, Altria end merger talks
(Reuters) – The chief executive of e-cigarette maker Juul stepped down on Wednesday, with his company beset by a regulatory…
Evans says two rate cuts have Fed ‘well-positioned’ at this point
FILE PHOTO: Chicago Federal Reserve Bank President Charles Evans visits the online music retailer Sweetwater, in Fort Wayne, Indiana, U.S.…
U.S. transport chief warns against mixed messages on Boeing’s 737 MAX
MONTREAL (Reuters) – U.S. Transportation Secretary Elaine Chao warned regulators on Wednesday against sending conflicting messages as they work to…
Exclusive: Boeing settles first Lion Air lawsuits for at least $1.2 million apiece – sources
CHICAGO/JAKARTA (Reuters) – Boeing Co (BA.N) has settled the first claims stemming from the crash of a Lion Air 737…