Amazon’s second-quarter forecast weighed down by $4 billion in COVID-19 related costs, shares fall
FILE PHOTO: The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, April 22, 2020…
Facebook to buy 10% stake in telco unit of India’s Reliance Industries for $5.7 billion
BENGALURU (Reuters) – Facebook (FB.O) will buy a 10% stake in the digital business of India’s Reliance Industries (RELI.NS) for…
Nissan to shut down global headquarters, other Japan facilities through mid-May due to virus
FILE PHOTO: Nissan Motor’s logo is pictured at its headquarters in Yokohama, Japan February 13, 2020. REUTERS/Kim Kyung-Hoon/File Photo TOKYO…
GM dispatches first batch of ventilators for COVID-19 patients
The first production ventilators are seen at the General Motors Kokomo manufacturing facility in response to the coronavirus disease (COVID-19)…
U.S. Supreme Court rejects Apple appeal in patent fight with VirnetX
FILE PHOTO: The Apple logo is shown atop an Apple store at a shopping mall in La Jolla, California, U.S.,…
U.S. Supreme Court rejects Apple appeal in patent fight with VirnetX
FILE PHOTO: The Apple logo is shown atop an Apple store at a shopping mall in La Jolla, California, U.S.,…
Ghosn fled Japan after security firm hired by Nissan stopped surveillance
TOKYO (Reuters) – Ousted Nissan boss Carlos Ghosn left his Tokyo residence after a private security firm hired by Nissan…
China’s factory activity unexpectedly returns to growth in November
BEIJING (Reuters) – Factory activity in China unexpectedly returned to growth in November for the first time in seven months,…
Acting UAW head to examine ‘every inch’ of union in scandal’s wake
DETROIT (Reuters) – The acting head of the United Auto Workers (UAW) said on Wednesday that he will examine every…
Juul raises over $750 million in expanded funding round
FILE PHOTO: A sign advertising Juul brand vaping products is seen outside a shop in Manhattan in New York City,…
Sainsbury’s says not talking to internal candidates for CEO succession
FILE PHOTO: Shoppers walk past the first ’till-free’ Sainsbury’s store in London, Britain, May 1, 2019. REUTERS/Toby Melville (Reuters) –…
U.S. lawmakers grill e-cigarette maker Juul over efforts targeted at schoolchildren
WASHINGTON (Reuters) – E-cigarette maker Juul Labs Inc funded a “holistic health education” camp as part of efforts to market…
U.S. Justice Department may sue to block Sprint, T-Mobile merger: source
WASHINGTON (Reuters) – The U.S. Justice Department has told T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N) to wrap up…
UAW president to GM: We invested in you, now invest in us
DETROIT (Reuters) – The UAW and General Motors Co (GM.N) on Tuesday formally kicked off contract talks, with the union’s…
Nike goes ahead with investment in new Arizona manufacturing plant
FILE PHOTO: A customer is reflected in a shop window decorated with Nike store logo at the outlet village Belaya…
GM, Ford quarterly China sales slide again amid economy woes
BEIJING (Reuters) – General Motors Co (GM.N) and Ford Motor Co (F.N) announced their quarterly sales in China fell, albeit…
U.S. June sales a mixed bag for automakers; SUVs, trucks still strong
(Reuters) – Major automakers on Tuesday posted mixed U.S. sales results for June and the second quarter, with demand still…
Amazon gets U.S. patent to use delivery drones for surveillance service
FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, January 19, 2019. REUTERS/Pascal…
U.S. firms say China tariffs will raise costs, see few sourcing alternatives
WASHINGTON (Reuters) – A wide range of U.S. companies told a hearing in Washington on Monday that they have few…
VW’s Tennessee workers vote against union representation
CHATTANOOGA, Tenn. (Reuters) – Workers at Volkswagen AG’s assembly plant in the state of Tennessee narrowly voted against union representation,…
Perdue Foods enters crowded plant-based alternative meat market
(Reuters) – Perdue Foods, one of America’s largest chicken producers, said it will sell frozen chicken nuggets mixed with cauliflower,…
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…
Amazon aims to bring one-day delivery to Prime members around the globe
(Reuters) – Amazon.com Inc plans to deliver packages to members of its loyalty club Prime in just one day, instead…
T-Mobile U.S. profit beats estimates as it signs up more customers
(Reuters) – T-Mobile US Inc first-quarter revenue and profit jumped from a year earlier, beating Wall Street’s estimates, as competitive…
Walgreens, Rite Aid set minimum age to sell tobacco products at 21 years
(Reuters) – Drugstore retailers Walgreens Boots Alliance Inc and Rite Aid Corp will no longer sell tobacco products to customers…
Walgreens, Rite Aid set minimum age to sell tobacco products at 21 years
(Reuters) – Drugstore retailers Walgreens Boots Alliance Inc and Rite Aid Corp will no longer sell tobacco products to customers…
Return of the bench seat: Concept EVs show space big enough for sofas
(This April 19 story was refiled to remove Breakingviews topic code) FILE PHOTO: A designer presents an Audi AI:me concept…
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…
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…
Mattel posts surprise profit as Barbie makeover lifts sales
(Reuters) – Mattel Inc posted a surprise fourth-quarter profit on Thursday, as the toymaker benefited from a makeover of its…
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 sales outlook disappoints after record holiday quarter
(Reuters) – Amazon.com Inc on Thursday forecast first-quarter sales below Wall Street estimates as new regulations in India created uncertainty…
Overseas losses drag down Ford fourth-quarter results
DETROIT (Reuters) – Ford Motor Co (F.N) on Wednesday posted a lower operating fourth-quarter profit as losses in every global…
Netflix shares fall as weak forecast dampens investor optimism
(Reuters) – Shares of Netflix Inc fell nearly 5 percent on Friday, as investors looked past its record subscriber numbers…
Bed Bath & Beyond posts better-than-expected profit, shares soar
FILE PHOTO: Shoppers leave A Bed Bath & Beyond store in Boca Raton, Florida in this March 19, 2016 .…
New blow to China as African swine fever found in wild boar
BEIJING (Reuters) – China’s efforts to stem the spread of African swine fever were dealt a fresh blow on Friday…
China reports new African swine fever outbreak in Guizhou province
BEIJING (Reuters) – China reported a new African swine fever outbreak in the province of Guizhou on Thursday. The new…
Verizon beats Wall Street estimates, shares hit 18-year high
(Reuters) – Verizon Communications Inc (VZ.N) reported quarterly profit and net new phone subscribers well ahead of Wall Street estimates…
U.S. environmental agency says in talks with Volvo over emissions issue
STOCKHOLM (Reuters) – The U.S. Environmental Protection Agency said on Wednesday it has been in talks with Volvo over the…
China’s Dabeinong reports suspected African swine fever case on related farm: media
BEIJING (Reuters) – One of China’s top animal feed producers said on Tuesday an affiliated firm has culled nearly 20,000…
Honda to invest $2.75 billion in GM’s Cruise self-driving unit
WARREN, Mich (Reuters) – Honda Motor Co Ltd (7267.T) will invest $2.75 billion in General Motors Co’s (GM.N) Cruise Automation,…
China says battling swine fever is ‘complex and challenging’
BEIJING (Reuters) – Battling the spread of African swine fever in China is “very complex and challenging”, the country’s agriculture…
China bans feeding of food waste to hogs in provinces with African swine fever
BEIJING (Reuters) – China has banned the use of food waste as pig feed in provinces that have reported African…
Russia says ASF might have come to China from the EU
MOSCOW (Reuters) – The African Swine Fever (ASF) virus may have came to China from the European Union, Russian agriculture…
China detects more African swine fever cases in cities already infected
BEIJING (Reuters) – China discovered three more outbreaks of the deadly African swine fever on Thursday in Heilongjiang and Anhui…
Didi woman passenger killed amid China ride-hailing safety concerns
BEIJING (Reuters) – A ride-sharing passenger in the eastern Chinese city of Wenzhou was raped and killed by a driver…
Canada ‘very keen’ on wrapping up year-old NAFTA talks
OTTAWA (Reuters) – Canada is “very keen” on concluding negotiations to renew the North American Free Trade Agreement as soon…
Amazon earnings skyrocket on cloud computing, advertising
(Reuters) – Amazon.com Inc (AMZN.O) posted a profit that was double Wall Street targets on Thursday and forecast a strong…
J&J vows to overturn $4.7 billion talc verdict but experts see hurdles
NEW YORK (Reuters) – Johnson & Johnson has vowed to appeal a $4.7 billion verdict awarded to 22 women who…
China to keep on path of reform, opening markets: Li
SOFIA (Reuters) – China will stick to the path of opening its markets and other reforms that has lifted its…
Missouri appeals court tosses $55 million J&J talc-powder verdict
(Reuters) – A Missouri appeals court on Friday threw out a $55 million verdict against Johnson & Johnson in a…
Conagra to buy Pinnacle for $8.1 billion, creating frozen food powerhouse
(Reuters) – Conagra Brands Inc (CAG.N) said on Wednesday it would buy Pinnacle Foods Inc (PF.N) for about $8.1 billion,…
Ford to redevelop symbol of Detroit decline to house tech workers
DETROIT (Reuters) – Ford Motor Co executives on Tuesday said the automaker will renovate and revamp Michigan Central Station, Detroit’s…
GM has no projects underway with Lyft, CEO Barra says
DETROIT (Reuters) – General Motors Co (GM.N) Chief Executive Officer Mary Barra said on Tuesday the No. 1 U.S. automaker…
In Missouri, J&J faces biggest trial yet alleging talc caused cancer
NEW YORK (Reuters) – A lawsuit by 22 ovarian cancer patients against Johnson & Johnson went to trial on Wednesday…
U.S. jury fails to reach verdict in latest J&J talc trial
NEW YORK (Reuters) – A South Carolina jury on Friday could not agree on a verdict in a case of…