Musk says $35,000 Model 3 to reach volume production mid-year
SpaceX founder Elon Musk looks on at a post-launch news conference after the SpaceX Falcon 9 rocket, carrying the Crew…
Will $14.5 billion plug GE’s long-term care insurance hole? Some experts say ‘No’
NEW YORK (Reuters) – General Electric Co is setting aside one of the largest amounts ever to cover potential losses…
U.S. seeks to cut dialysis costs with more home care versus clinics
(Reuters) – The Trump administration is working on a new payment approach for treating kidney disease that favors lower cost…
Eli Lilly seeks to quell drug price anger with cheaper insulin
(Reuters) – Drugmaker Eli Lilly announced plans on Monday to sell a half-price version of its popular insulin injection Humalog,…
Exclusive: U.S. to issue meat company guidelines as recalls pile up – official
CHICAGO (Reuters) – The U.S. government plans to issue new guidelines for food companies as early as this week after…
U.S. agency probing two fatal Tesla crashes in Florida since last Sunday
WASHINGTON (Reuters) – U.S. authorities are investigating a fatal Tesla Inc Model S crash in Florida last Sunday that killed…
U.S. says rejects WTO’s ‘straitjacket’ of trade obligations
WASHINGTON (Reuters) – The Trump administration filed another salvo at the World Trade Organization on Friday, saying U.S. trade policy…
Exclusive: Huawei plans billions in dividends for staff despite row with U.S. – sources
HONG KONG (Reuters) – China’s Huawei is set to reward employee shareholders with a 3 percent rise in cash dividends…
Apple holders vote down proposal to disclose ideology of director nominees
FILE PHOTO: An Apple logo is seen in a store in Los Angeles, California, U.S., March 24, 2017. REUTERS/Lucy Nicholson…
New cancer-causing toxin found in recalled blood pressure pills
(Reuters) – U.S. health regulators said on Friday a third cancer-causing toxin was found in some blood pressure pills recalled…
Blackstone CEO Schwarzman pockets at least $568 million in 2018: filing
FILE PHOTO: Stephen A. Schwarzman, chairman and CEO of Blackstone, attends the World Economic Forum (WEF) annual meeting in Davos,…
Southwest Airlines readies Hawaii flights in West Coast push
(Reuters) – Southwest Airlines Co will soon begin flying to Hawaii from California, as part of the budget-friendly carrier’s push…
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…
Wall St. Week Ahead: U.S. stock reign may not last over other regions
NEW YORK (Reuters) – U.S. stock prices are outpacing those in most other regions to start 2019, but the gap…
Tesla’s store-shuttering strategy may pull the rug out of solar
SAN FRANCISCO (Reuters) – Tesla Inc’s sudden decision to shutter the bulk of its stores around the world raises a…
Quebec appeals court upholds C$15 billion tobacco class action ruling
MONTREAL/LONDON (Reuters) – The Court of Appeal of Quebec upheld on Friday the bulk of a 2015 decision that awarded…
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…
Exclusive: KKR, China’s Tencent eyeing bids for Universal Music – sources
LONDON (Reuters) – U.S. buyout fund KKR and China’s Tencent Music Entertainment Group are exploring rival bids for up to…
HBO Chief Executive Richard Plepler to resign from company
FILE PHOTO: Richard Plepler chairman and CEO of Home Box Office Inc. speaks at the WSJD Live conference in Laguna…
Tesla debuts $35,000 Model 3, sees loss in first quarter
SAN FRANCISCO (Reuters) – Tesla Inc said on Thursday it would offer a $35,000 version of its Model 3 sedan…
U.S. Senator Sanders urges FDA to allow older versions of $375,000 drug
(Reuters) – U.S. Senator Bernie Sanders this week urged regulators to allow pharmacies and manufacturers to resume distributing unbranded, lower-cost…
Kraft Heinz shares fall 28 percent after writedown, dividend cut
(Reuters) – Kraft Heinz Co shares fell to a record low on Friday a day after the food company disclosed…
Novartis gene therapy would be cost effective up to $900,000: U.S. group
(Reuters) – An experimental gene therapy for spinal muscular atrophy (SMA) developed by Swiss drugmaker Novartis AG would be worth…
Italian ruling-party lawmakers push for Huawei ban: paper
FILE PHOTO: The logo of Huawei Technologies in front of the German headquarters of the Chinese telecommunications group in Duesseldorf,…
SK Hynix plans to spend $107 billion building four memory chip plants
SEOUL (Reuters) – South Korea’s SK Hynix Inc on Thursday said it would spend $107 billion building four factories, as…
Standard Chartered fined $133 million by Britain’s financial watchdog
People walk inside the main branch of Standard Chartered in Hong Kong, China August 1, 2017. REUTERS/Bobby Yip/File Photo (Reuters)…
Southwest shares drop as mechanics dispute escalates
(Reuters) – Southwest Airlines Co’s shares fell more than 5 percent on Wednesday after the low-cost U.S. carrier said it…
Samsung announces folding phone with 5G at nearly $2,000
SAN FRANCISCO (Reuters) – Samsung Electronics Co Ltd on Wednesday unveiled a nearly $2,000 folding smartphone in a bid to…
Microsoft expands political security service to 12 European countries
FILE PHOTO: General view of Microsoft’s logo at Microsoft Corporation headquarters at Issy-les-Moulineaux, near Paris, France, April 18, 2016. REUTERS/Charles…
Ford to close oldest Brazil plant, exit South America truck biz
SAO PAULO/DETROIT (Reuters) – Ford Motor Co said on Tuesday it will close its oldest factory in Brazil and exit…
U.S. settles with Teva over keeping generic drugs off market
FILE PHOTO: The logo of Teva Pharmaceutical Industries is seen during a news conference hold by its CEO, Kare Schultz,…
Honda to shut UK car plant in 2022 with the loss of 3,500 jobs
LONDON (Reuters) – Japanese car maker Honda is set to announce it’s closing its only British car plant in 2022…
Honda to close UK car plant with the loss of 3,500 jobs
LONDON (Reuters) – Japanese carmaker Honda is set to announce the closure of its only British car plant in 2022…
Auto industry lines up against possible U.S. tariffs
WASHINGTON (Reuters) – The U.S. auto industry urged President Donald Trump’s administration on Monday not to saddle imported cars and…
Huawei founder says Huawei CFO arrest was politically motivated: BBC
(Reuters) – Huawei founder Ren Zhengfei said on Monday that the arrest of his daughter, Huawei Chief Financial Officer Meng…
Britain does not support total Huawei network ban: sources
(Reuters) – British security officials do not support a full ban of Huawei from national telecoms networks despite U.S. allegations…
As medical costs mount, Japan to weigh cost-effectiveness in setting drug prices
TOKYO (Reuters) – Japanese doctor Yasushi Goto remembers prescribing the cancer drug Opdivo to an octogenarian and wondering whether taxpayers…
Qatar’s real estate market faces reality check ahead of World Cup
DOHA/DUBAI (Reuters) – Qatar’s Doha Tower, a spike-tipped cylinder that glows orange at night, won an award when finished in…
HNA cuts stake in Deutsche Bank to 6.3 percent: SEC filing
FRANKFURT (Reuters) – Chinese conglomerate HNA has cut its stake in Deutsche Bank to 6.3 percent, according to a filing…
Mattel warns of weak 2019, shares drop most in 20 years
(Reuters) – Mattel Inc on Friday issued a disappointing 2019 forecast and said demand for its iconic Barbie doll was…
Mexico to inject $3.9 billion in Pemex, seeks to prevent credit downgrade
MEXICO CITY (Reuters) – Mexico will inject $3.9 billion into ailing state oil company Pemex, officials said on Friday, promising…
Starboard gauges Bristol-Myers shareholder support for Celgene deal
(Reuters) – Activist hedge fund Starboard Value LP has asked a proxy solicitor to probe the level of support among…
France suggests glyphosate exit could be even slower than planned
PARIS (Reuters) – Only half of France’s farmland could do without glyphosate-based weed-killers by 2021, the country’s farm minister suggested,…
EU clinches copyright overhaul deal, tech giants in focus
BRUSSELS (Reuters) – The European Union is set to rewrite its two-decades-old copyright rules which will force Alphabet Inc’s Google…
Trump: China trade talks going ‘very well’ before high-level parley
WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump said on Wednesday trade talks with China were “going along very well” as…
Venezuela turns to India as sanctions cut oil flow to U.S., Europe
HOUSTON/MEXICO CITY/MOSCOW (Reuters) – Venezuela’s oil exports have tapered off and shifted toward India since new U.S. sanctions began Jan.…
Venezuela pressures foreign partners on oil venture commitments: sources
(Reuters) – Foreign partners of Venezuela’s PDVSA are facing pressure from the state-run oil firm to publicly declare whether they…
Merck, Pfizer combo treatment boosts kidney cancer survival
FILE PHOTO: The Merck logo is seen at a gate to the Merck & Co campus in Linden, New Jersey,…
U.S. fund managers brace for consumer slowdown
(Reuters) – With expectations for slowing growth escalating, U.S. fund managers are selectively avoiding stocks in consumer companies as lofty…
National Enquirer owner defends reporting on Amazon’s Bezos
NEW YORK (Reuters) – The owner of U.S. tabloid newspaper the National Enquirer pushed back on Friday against accusations of…
EA’s ‘Fortnite’ rival wins 10 million gamers in three days
(Reuters) – A game developed by Electronics Arts Inc as a competitor to the wildly popular “Fortnite” has signed up…
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,…
Chevron ties executive pay to methane and flaring reduction targets
HOUSTON (Reuters) – Chevron Corp plans to set greenhouse gas emissions targets and tie executive compensation and rank-and-file bonuses to…