Real estate stocks have room to gain, residential in favor
(Reuters) – The once-sleepy U.S. real estate sector could be poised to continue its revival into the second half of…
Deutsche Bank board to meet July 7 to decide on cutting jobs: sources
FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt, Germany, April 25, 2019. REUTERS/Ralph Orlowski/File Photo FRANKFURT (Reuters) –…
Shares in big banks climb as Fed approves capital plans
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., June 17,…
Oklahoma judge approves Teva’s $85 million opioid settlement
(Reuters) – An Oklahoma judge on Monday approved a revised $85 million (£66.7 million) settlement with Teva Pharmaceutical Industries Ltd…
Oklahoma judge approves Teva’s $85 million opioid settlement
(Reuters) – An Oklahoma judge on Monday approved a revised $85 million (£66.7 million) settlement with Teva Pharmaceutical Industries Ltd…
Velodyne Lidar hires bankers for an IPO: Business Insider
A Velodyne LiDAR sensor is seen mounted on a self-driving vehicle during a self-racing cars event at Thunderhill Raceway in…
Deutsche Bank to set up 50 billion euro bad bank: FT
FILE PHOTO: Employees of Germany’s largest business bank, Deutsche Bank, gather ahead of the bank’s annual shareholder meeting in Frankfurt,…
Goldman Sachs combining its private-investing units: WSJ
FILE PHOTO: The Goldman Sachs company logo is seen in the company’s space on the floor of the New York…
PetSmart’s Chewy gets Wall Street tails wagging with $1 billion IPO
NEW YORK (Reuters) – Chewy Inc said on Thursday it priced its initial public offering at $22 per share, above…
VW to float 10% of truck unit, seeks to raise 1.9 billion euros
FRANKFURT (Reuters) – Volkswagen aims to raise up to 1.9 billion euros ($2.1 billion) by listing truck unit Traton, it…
Jet.com falls by wayside as Walmart focuses on its website, online grocery
WASHINGTON (Reuters) – Walmart Inc on Wednesday announced a sweeping overhaul at Jet.com, an online start-up it acquired in 2016…
HSBC plans retail wealth headcount boost; eyes Singapore expansion
HONG KONG (Reuters) – HSBC Holdings PLC plans to boost its Asia retail wealth management staff by about 300 by…
Jet Airways founder Naresh Goyal and wife stopped from leaving India – airport official
(Reuters) – Indian carrier Jet Airways (India) Ltd founder Naresh Goyal and his wife Anita Goyal were stopped from leaving…
Jet Airways founder Naresh Goyal and wife stopped from leaving India – airport official
(Reuters) – Indian carrier Jet Airways (India) Ltd founder Naresh Goyal and his wife Anita Goyal were stopped from leaving…
PG&E wins court approval to set up $105 million wildfire assistance fund
SAN FRANCISCO (Reuters) – PG&E Corp may set up a $105 million housing fund for victims of 2017 and 2018…
Huawei accuses U.S. of bullying, says working with Google to respond to ban
Abraham Liu, Huawei Chief Representative to the EU Institutions and Vice-President European Region speaks at a news conference at the…
U.S. eases curbs on Huawei; founder says clampdown underestimates Chinese firm
SHANGHAI/NEW YORK (Reuters) – The United States has temporarily eased trade restrictions on China’s Huawei to minimize disruption for its…
Exclusive: U.S. may scale back Huawei trade restrictions to help existing customers
(Corrects title in 17th paragraph of this May 17 story to say “Chief Financial Officer” Meng Wanzhou, not “Chief Executive…
China still ‘cautiously optimistic’ on U.S. trade talks despite new tariffs
BEIJING/WASHINGTON (Reuters) – China and the United States have agreed to hold more trade talks in Beijing, Vice Premier Liu…
China, U.S. to hold more trade talks as Trump ratchets up tariff threat
BEIJING/WASHINGTON (Reuters) – China and the United States have agreed to hold more trade talks in Beijing, Vice Premier Liu…
China, U.S. agree to hold more trade talks: Vice Premier Liu He
(Reuters) – China and the United States have agreed to hold more trade talks in Beijing, Vice Premier Liu He…
U.S. says Huawei lawyer’s prior work at Justice Department poses conflict
(Reuters) – Huawei Technologies Co Ltd lawyer James Cole’s prior work at the U.S. Department of Justice created a conflict…
GE’s rising bonds offer another endorsement of CEO Culp
NEW YORK (Reuters) – General Electric Co shareholders offered their latest endorsement of new Chief Executive Larry Culp this week…
U.S. intelligence says Huawei funded by Chinese state security: report
(Reuters) – U.S. intelligence has accused Huawei Technologies of being funded by Chinese state security, The Times said on Saturday,…
Exclusive: Tereos still searching for wider funding – sources
(Corrects headline and paragraph 1 to make clear that syndication process is ongoing, to make clear in paragraph 5 that…
Sears sues Lampert, claiming he looted assets and drove it into bankruptcy
NEW YORK (Reuters) – Sears Holdings Corp sued longtime former Chairman Eddie Lampert, his hedge fund ESL Investments and others…
Minnesota student sues China’s JD.com CEO Liu with allegation of rape
(Reuters) – A University of Minnesota student who said she was raped last August by Richard Liu, the chief executive…
Italy’s UniCredit to pay $1.3 billion to settle U.S. sanctions probe
(Reuters) – Italy’s top bank UniCredit SpA and two subsidiaries have agreed to pay $1.3 billion to U.S. authorities to…
Mnuchin says hopes U.S.-China trade talks nearing ‘final round’
WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Saturday a U.S.-China trade agreement would go “way beyond” previous…
China’s JD.com boss criticizes ‘slackers’ as company makes cuts
SHANGHAI (Reuters) – Richard Liu, the founder of Chinese e-commerce giant JD.com Inc, has weighed in on an ongoing debate…
Exclusive: Loeb’s Third Point building stake to pressure Sony – sources
(Reuters) – Daniel Loeb’s hedge fund Third Point LLC is building a stake in Sony Corp to push for changes…
Exclusive: Standard Chartered expected to pay just over $1 billion to resolve U.S., U.K. probes
NEW YORK (Reuters) – London-based Standard Chartered is expected to pay slightly more than $1 billion to resolve a nearly…
Petrobras agrees to sell pipeline unit to Engie for $8.6 billion
SAO PAULO/RIO DE JANEIRO (Reuters) – A consortium led by France’s Engie SA submitted the highest offer for a major…
Swedbank chairman quits over money laundering scandal
STOCKHOLM (Reuters) – Swedbank Chairman Lars Idermark has quit only a week after the lender’s chief executive was ousted over…
Lyft valued at $24.3 billion in first ride-hailing IPO
(Reuters) – Lyft Inc was valued at $24.3 billion in the first initial public offering (IPO) of a ride-hailing startup…
Nissan committee says facts point to legal violations by former chairman Ghosn
YOKOHAMA, Japan (Reuters) – An external committee reviewing governance at Nissan Motor Co said on Wednesday there were enough facts…
Ride-hailing firm Lyft launches IPO road show in Uber’s shadow
(Reuters) – Lyft Inc kicked off the investor road show for its initial public offering on Monday, targeting a valuation…
Hong Kong suspends UBS, fines it and other top banks $100 million for IPO failures
HONG KONG (Reuters) – Hong Kong’s securities regulator banned UBS from leading initial public offerings (IPOs) in the city for…
Canada approves Huawei extradition proceedings, China seethes
OTTAWA (Reuters) – The Canadian government, as expected, on Friday approved extradition proceedings against the chief financial officer of Huawei…
Canada seen approving extradition hearing against Huawei executive
OTTAWA (Reuters) – Canada is likely to announce on Friday that an extradition hearing against a Huawei Technologies Co Ltd…
Payless ShoeSource to start liquidation sales at stores
FILE PHOTO: A Payless ShoeSource store logo is pictured in the Manhattan borough of New York, New York, U.S. April…
Exclusive: Tesla’s delivery team gutted in recent job cuts – sources
SAN FRANCISCO (Reuters) – When Tesla Inc announced last month a second round of job cuts to rein in costs,…
China’s services sector moderates in January but still solid: Caixin PMI
BEIJING (Reuters) – China’s sprawling services sector maintained a solid pace of expansion in January even though growth moderated slightly,…
Amazon removes numerous products from India site as new e-commerce rules bite
NEW DELHI/MUMBAI (Reuters) – E-commerce rules that went into effect in India on Friday caused widespread disruption for Amazon.com, forcing…
Israel’s InterCure to ramp up medical cannabis production: chairman
JERUSALEM (Reuters) – InterCure plans to expand into 10 countries in the next two years to meet growing demand for…
JPMorgan board raises Dimon’s compensation to $31 million
NEW YORK (Reuters) – JPMorgan Chase & Co Chief Executive Jamie Dimon is receiving a 5 percent raise, bringing his…
U.S. retirees try to keep cool as stocks tumble
BOSTON (Reuters) – Nancy Farrington, a retiree who turns 75 next month, admits to being in a constant state of…
Sears Chair Lampert makes $4.4 billion bid to keep retailer alive
(Reuters) – Sears Holdings Corp Chairman Eddie Lampert submitted a $4.4 billion takeover bid for the bankrupt U.S. retailer, representing…
Japan court extends Ghosn detention by 10 days
FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends a press conference on the second press day…
Exclusive: Global traders halt new Iran food deals as U.S. sanctions bite – sources
LONDON/DUBAI (Reuters) – Cargill, Bunge and other global traders have halted food supply deals with Iran because new U.S. sanctions…
Canadian said to be detained in China, Huawei CFO due back in court
VANCOUVER (Reuters) – A former Canadian diplomat has been detained in China, two sources said on Tuesday, just hours before…
SoftBank’s record IPO reaches $23.5 billion after extra share sale
TOKYO (Reuters) – SoftBank Group Corp (9984.T) is set to raise 2.65 trillion yen ($23.5 billion) in Japan’s biggest-ever IPO…
Licking their wounds, fund managers prep for rally in ’19
NEW YORK (Reuters) – With bond and equity markets from the United States to emerging markets all on pace to…
Unilever CEO retires after headquarters row, replaced by insider Jope
LONDON (Reuters) – Unilever’s (ULVR.L) Chief Executive Paul Polman will step down next month after 10 years in the job,…
Exclusive: Visa, Mastercard offer tourist card fee cut in EU antitrust probe – sources
BRUSSELS (Reuters) – Visa and Mastercard have offered to trim the fees merchants pay on card payments by tourists in…
U.S. regulators snip red tape for medical devices to curb opioid crisis
(Reuters) – Laura Perryman expected her medical company, Stimwave Technologies Inc, would have to wait several years for its painkilling…
MUFG says bank’s CEO will not attend Saudi conference
TOKYO (Reuters) – The CEO of Mitsubishi UFJ Financial Group’s banking arm will not attend the Future Investment Initiative conference…
Fed’s Kaplan sees two-three more rate hikes to hit ‘neutral’ level
NEW YORK (Reuters) – Another two to three interest rate increases from the Federal Reserve will likely put U.S. borrowing…