End of the road for Volkswagen’s self-driving Aurora deal
FILE PHOTO: The logo of German carmaker Volkswagen is seen at the Volkswagen (VW) automobile manufacturing plant in Puebla near…
Investor Ackman opposes United Technologies’ aerospace merger with Raytheon: source
FILE PHOTO: William ‘Bill’ Ackman, CEO and Portfolio Manager of Pershing Square Capital Management, speaks during the Sohn Investment Conference…
Equities rally dissipates as trade optimism fades, yield curve flattens
NEW YORK (Reuters) – Wall Street’s indexes ended Tuesday’s session virtually unchanged after investors turned their focus to U.S.-China trade…
GM expected to invest $150 million to boost truck output in Flint, Michigan: sources
FILE PHOTO: The GM logo is seen at the General Motors plant in Sao Jose dos Campos, Brazil, January 22,…
Trump ready to slap more tariffs on China after G20 meeting
WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump said on Monday he was ready to impose another round of punitive tariffs…
United Technologies nears deal to merge aerospace unit with Raytheon: source
(Reuters) – United Technologies Corp is nearing a deal to merge its aerospace business with U.S. defense contractor Raytheon Co…
USDA investigates unapproved GMO wheat found in Washington state
CHICAGO (Reuters) – The U.S. Department of Agriculture has confirmed the discovery of unapproved, genetically modified (GM) wheat plants growing…
Abbott device helps in cutting blood sugar in type 2 diabetics: study
(Reuters) – Insulin-dependent patients with type 2 diabetes saw a significant drop in their blood sugar levels after wearing Abbott…
FedEx to end Amazon contract for FedEx Express plane service
(Reuters) – FedEx Corp on Friday decided to not renew its contract with Amazon.com Inc for U.S. cargo delivery through…
Kraft Heinz completes internal probe into its procurement practices
(Reuters) – Kraft Heinz Co said on Friday the numbers it restated last month were accurate following completion of an…
AIG to reach out to shareholders over executive pay: CEO
NEW YORK (Reuters) – American International Group Inc Chief Executive Officer Brian Duperreault said on Thursday the insurer is reaching…
Amazon’s Bezos says robotic hands will be ready for commercial use in next 10 years
LAS VEGAS (Reuters) – Amazon.com Inc Chief Executive Jeff Bezos said on Thursday he expects there will be commercial robots…
Beyond Meat sees sales more than doubling in 2019, shares jump 21%
(Reuters) – Beyond Meat Inc said it expects to more than double its revenue this year, sending the plant-based burger…
Fiat Chrysler sales chief files whistleblower suit over SEC probe
WASHINGTON (Reuters) – Fiat Chrysler Automobiles’ U.S. sales chief Reid Bigland sued the Italian-American automaker claiming the company opted to…
Fiat Chrysler withdraws merger offer for Renault: WSJ
FILE PHOTO: The logos of Renault and Fiat carmakers are seen in Nice, France, June 3, 2019. REUTERS/Eric Gaillard (Reuters)…
Takeda scraps late-stage amyloidosis study
FILE PHOTO: Takeda Pharmaceutical Co’s logo is seen at its new headquarters in Tokyo, Japan, July 2, 2018. REUTERS/Kim Kyung-Hoon/File…
Insys to pay $225 million, unit to plead guilty to settle U.S. opioid charges
(Reuters) – Insys Therapeutics Inc agreed to pay $225 million and an operating unit agreed to plead guilty to five…
Spelling errors, video show Huawei rival stole trade secrets, U.S. jury hears
SHERMAN, Texas (Reuters) – A former engineering manager used Huawei Technologies Co Ltd trade secrets and lured away 24 of…
Exclusive: Promising thousands of U.S. jobs, Foxconn offshored 155 to Mexico
WASHINGTON (Reuters) – Foxconn has offshored more than 150 U.S. jobs to Mexico, according to the Labor Department, even as…
FDA approves Lilly’s migraine drug as first ever cluster headache treatment
NEW YORK (Reuters) – Eli Lilly and Co’s migraine treatment Emgality on Tuesday became the first drug to gain U.S.…
CVS to expand health hubs to 1,500 stores by end of 2021
NEW YORK (Reuters) – CVS Health Corp said it would offer expanded health services such as nutrition counseling and blood…
U.S. moving toward major antitrust probe of tech giants
WASHINGTON (Reuters) – The U.S. government is gearing up to investigate the massive market power of Amazon, Apple, Facebook and…
House panel to probe competition in digital markets
WASHINGTON (Reuters) – The U.S. House of Representatives Judiciary Committee said on Monday it had started a bipartisan investigation into…
Alphabet shares slide 6% on possible DoJ antitrust probe
(Reuters) – Alphabet Inc’s shares closed 6% down on Monday following reports that the U.S. Justice Department may investigate Google…
Brazil halts beef exports to China after atypical mad cow case
FILE PHOTO: Workers carry salted meat which will be spreaded, dried and then packed at a plant of JBS S.A,…
U.S. regulators say some Boeing 737 MAX planes may have faulty parts
WASHINGTON (Reuters) – The U.S. Federal Aviation Administration on Sunday disclosed a new problem involving Boeing Co’s grounded 737 MAX,…
Total takes on Toshiba’s U.S. LNG business after Chinese buyer pulls out
PARIS/TOKYO (Reuters) – Total will take over Toshiba’s U.S. liquefied natural gas business and get $800 million cash from the…
How tariff hikes are squeezing the U.S. furniture business
LOS ANGELES/CHICAGO (Reuters) – When President Donald Trump decided to raise tariffs on Chinese imports earlier this month, Francis O’Brien…
Auto sector scrambles after Trump threatens Mexican tariffs
WASHINGTON (Reuters) – Global auto and parts manufacturers scrambled on Friday to make contingency plans and look at ways of…
Exclusive: Space firm founded by billionaire Paul Allen closing operations – sources
SEATTLE/ORLANDO, Fla. (Reuters) – Stratolaunch Systems Corporation, the space company founded by late billionaire and Microsoft Corp co-founder Paul Allen,…
Cruise line Carnival seeks dismissal of U.S. lawsuits over Cuba docks
HAVANA (Reuters) – Cruise line Carnival Corp is asking a U.S. court to dismiss lawsuits that claim the company profited…
Struggles of transport stocks transmit caution to market
NEW YORK (Reuters) – Add this to worries about Wall Street: The index of planes, trains and trucking companies, considered…
From prison, ‘Pharma Bro’ Martin Shkreli sues ex-colleagues for $30 million
NEW YORK (Reuters) – Martin Shkreli, the pharmaceutical entrepreneur serving a seven-year prison term for fraud, on Friday sued three…
GM to invest $24 mln in Fort Wayne plant, boost pickup production
FILE PHOTO: A door steel and aluminum door is welded at GM’s Chevrolet Silverado and GMC Sierra pickup truck plant…
Exxon shareholders reject resolutions on climate and separating CEO: chairman
DALLAS (Reuters) – Exxon Mobil Corp shareholders on Wednesday rejected a proposal to split the chief executive officer and board…
U.S.-China trade war of words heads for Fox cable TV face-off
BEIJING (Reuters) – China’s war of words with the United States over their escalating trade dispute will reach a crescendo…
Boeing aims for first flight of 777X in late June: sources
SEATTLE/PARIS (Reuters) – Boeing Co is looking to make the first test flight of its 777X twin-aisle jet as soon…
Pence, Trudeau to discuss Huawei and China trade issues in Ottawa: official
WASHINGTON (Reuters) – U.S. Vice President Mike Pence and Canadian Prime Minister Justin Trudeau will discuss their countries’ joint dispute…
U.S. football player’s overdose death spotlighted in J&J Oklahoma opioid trial
(Reuters) – The father of a college football player who died of a drug overdose gave emotional testimony about the…
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…
J&J’s greed helped fuel U.S. opioid crisis, Oklahoma claims at trial
NORMAN, Okla. (Reuters) – Johnson & Johnson’s greed led the drugmaker to use deceptive marketing to create an oversupply of…
France wants FCA-Renault job guarantees and Nissan on board
PARIS (Reuters) – France will seek protection of local jobs and other guarantees in exchange for supporting a merger between…
British Columbia to be first Canadian province to switch patients to biosimilars
TORONTO/MONTREAL (Reuters) – The Canadian province of British Columbia said on Monday that its public drug plan will switch as…
Fiat Chrysler seeks Renault merger to meet auto challenges
MILAN/PARIS (Reuters) – Fiat Chrysler pitched a finely balanced merger of equals to Renault on Monday in a move to…
Teva Pharm to pay Oklahoma $85 million to settle opioid claims
BOSTON/JERUSALEM (Reuters) – Teva Pharmaceutical Industries Ltd said on Sunday it had agreed to pay an $85 million settlement with…
Oklahoma reaches $85 million settlement with Teva Pharmaceuticals ahead of trial
A man walks past the logo of Teva Pharmaceutical Industries at their plant in Jerusalem December 14, 2017. REUTERS/Ammar Awad…
Nike to waive performance targets for pregnant athletes: report
Boxes of Nike shoes are pictured in the warehouse of local footwear retailer “Pomp It Up” in Bussigny near Lausanne,…
Brazil’s Caixa picks Morgan Stanley as co-advisor on insurance deals: source
A view shows the company logo of Caixa Economica Federal bank in downtown Rio de Janeiro August 20, 2014. REUTERS/Pilar…
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…
Fiat Chrysler in tie-up talks with Renault: sources
MILAN/PARIS (Reuters) – Fiat Chrysler and Renault are in talks on a comprehensive global tie-up that could address some of…
Nestle still committed to global confectionery: CEO
Mark Schneider, CEO of Nestle gestures during an interview at the Swiss Economic Forum (SEF) conference in Interlaken, Switzerland May…
Exclusive: FAA tells U.N. panel it expects Boeing 737 MAX approval as early as late June – sources
MONTREAL (Reuters) – U.S. Federal Aviation Administration (FAA) representatives told members of the United Nations’ aviation agency they expect approval…
Exclusive: U.S. airlines expect Boeing 737 MAX jets need up to 150 hours of work before flying again
CHICAGO (Reuters) – Once regulators approve Boeing Co’s grounded 737 MAX jets for flight, each aircraft will likely require between…
Exclusive: JPMorgan cuts ties with OxyContin maker Purdue Pharma – sources
(Reuters) – JPMorgan Chase & Co has cut ties with Purdue Pharma LP over the OxyContin maker’s alleged role in…
Best Buy keeps full-year view, warns of higher prices from more tariffs
(Reuters) – Best Buy Co Inc on Thursday stuck to its full-year forecast due to the impact of the latest…
Factbox: U.S. companies warn Trump’s tariffs could hit results
(Reuters) – A host of U.S. consumer companies have warned that costs related to tariffs on goods imported from China…
Wall St. falls on trade fears, technology the biggest drag
(Reuters) – U.S. stocks tumbled on Thursday as investors dumped shares in most sectors with technology financials and energy leading…
U.S., China exchange barbs over Huawei as trade tensions flare
WASHINGTON/BEIJING (Reuters) – The United States and China had a heated exchange on Thursday, with U.S. Secretary of State Mike…