Marriott to open 1,700 hotels, return $11 billion to shareholders by 2021
(Reuters) – Marriott International Inc said on Monday it plans to open more than 1,700 hotels and return up to…
Exclusive: Sanofi says working on CEO succession plan
PARIS (Reuters) – Pharmaceuticals group Sanofi is working on a plan to find a new CEO in agreement and consultation…
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…
Wall Street treads water as Boeing, Facebook weigh; Fed meeting on tap
(Reuters) – U.S. stocks flitted between gains and losses on Monday, with losses in Boeing and Facebook limiting gains while…
Lyft to launch road show for up to $2 billion IPO: sources
(Reuters) – Ride-hailing platform Lyft Inc will launch the investor road show for its initial public offering on Monday, seeking…
Apple infringed three Qualcomm patents, jury finds
(Reuters) – Mobile phone chip supplier Qualcomm Inc on Friday won a legal victory against iPhone maker Apple Inc, with…
Wall Street gains with tech; S&P 500 posts best week since November
NEW YORK (Reuters) – U.S. stocks rose on Friday, led by technology companies, as a report on progress in U.S.-China…
Boeing prepares for MAX 737 jets sitting outside factory as deliveries halted
SEATTLE (Reuters) – Boeing Co confirmed suspension of deliveries of 737 MAX aircraft on Thursday but continues to produce its…
Boeing 737 MAX jets could be grounded for weeks as black box probe to start on Ethiopia crash
WASHINGTON/PARIS (Reuters) – Boeing Co’s 737 MAX 8 and 9 planes will be grounded for weeks if not longer until…
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…
California jury awards $29 million to woman with cancer who used J&J talc
(Reuters) – A California jury on Wednesday awarded $29 million to a woman who said that asbestos in Johnson &…
Elon Musk’s defense of his Tesla tweet will get SEC response
(Reuters) – The top U.S. securities regulator received permission from a federal judge on Tuesday to respond to Tesla Inc…
U.S. airlines stand by 737 MAX as some customers, nations reject it
CHICAGO (Reuters) – The three U.S. airlines using Boeing Co’s 737 MAX continued to stand by the aircraft on Tuesday,…
EU suspends Boeing 737 MAX flights, U.S. senators suggest similar move
ADDIS ABABA/PARIS (Reuters) – The European Union’s aviation safety regulator on Tuesday suspended all flights in the bloc by Boeing…
Wells Fargo CEO avoids major stumble at heated congressional hearing
WASHINGTON (Reuters) – Democratic and Republican lawmakers on Tuesday pressed Wells Fargo & Co Chief Executive Tim Sloan for proof…
Oil prices rise amid broad market rally, OPEC supply cuts
SINGAPORE (Reuters) – Oil prices rose on Tuesday, lifted by healthy demand and output cuts led by producer group OPEC.…
Pound jumps, Asian shares rise after changes to Brexit deal
SHANGHAI (Reuters) – The pound jumped on Tuesday and Asian shares rose after the European Commission agreed to changes in…
Democrats probe whether White House interfered in AT&T Time Warner merger
(Reuters) – Two U.S. House Democrats asked the White House and Justice Department to turn over documents that could show…
Asia shares sluggish as global growth concerns return; ECB meeting eyed
TOKYO (Reuters) – Asian shares eased on Thursday, with caution prevailing as investors awaited some kind of resolution to Sino-U.S.…
Trump says China trade talks going well, predicts ‘good deal’ or no deal
FILE PHOTO: A Benjamin Franklin U.S. 100 dollar banknote and a Chinese 100 yuan banknote with late Chinese Chairman Mao…
Long before Trump’s trade war with China, Huawei’s activities were secretly tracked
(Reuters) – The surprise arrest of Huawei’s chief financial officer in December quickly turned the executive, Meng Wanzhou, into a…
Huawei set to announce lawsuit against U.S. as it seeks to strike back
HONG KONG (Reuters) – Huawei Technologies is set to announce a lawsuit on Thursday against the United States, ratcheting up…
GE’s CEO warns of negative industrial cash flow in 2019, shares drop
(Reuters) – General Electric Co’s chief executive surprised investors on Tuesday by forecasting a net cash outflow from its industrial…
Uber not criminally liable in fatal 2018 Arizona self-driving crash: prosecutors
(Reuters) – Uber Technologies Inc is not criminally liable in a March 2018 crash in Tempe, Arizona, in which one…
FDA chief tough on e-cigs steps down in surprise resignation
WASHINGTON (Reuters) – U.S. Food and Drug Administration Commissioner Scott Gottlieb said on Tuesday that he plans to step down…
Exclusive: OxyContin maker Purdue Pharma exploring bankruptcy – sources
(Reuters) – OxyContin maker Purdue Pharma LP is exploring filing for bankruptcy to address potentially significant liabilities from roughly 2,000…
Wall Street drops after weak data, healthcare slump
(Reuters) – Wall Street’s major indexes fell on Monday, weighed down by a weak U.S. construction spending report and declines…
U.S. shares falter, investors await U.S.-China trade deal
NEW YORK (Reuters) – U.S. stock indexes closed lower while the dollar edged higher on Monday, as investors appeared to…
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…
China says it welcomes delay on U.S. tariff increase
FILE PHOTO: U.S. Trade Representative Robert Lighthizer (7thR), Treasury Secretary Steven Mnuchin, Commerce Secretary Wilbur Ross, White House economic adviser…
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…
Trump asks China to lift tariffs on U.S. farm products
WASHINGTON (Reuters) – President Donald Trump said he had asked China to immediately remove all tariffs on U.S. agricultural products…
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…
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…
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…
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., China sprint to seal deal ahead of Trump’s deadline
WASHINGTON (Reuters) – U.S. and Chinese negotiators met for over seven hours on Saturday to resolve their trade dispute and…
Trump says he’s inclined to extend China trade deadline and meet Xi soon
WASHINGTON (Reuters) – President Donald Trump said on Friday there was “a very good chance” the United States would strike…
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,…
U.S., China haggle over toughest issues in trade war talks
WASHINGTON (Reuters) – Top U.S. and Chinese trade negotiators haggled on Thursday over the details of a set of agreements…
Oil prices dip as U.S. crude output hits record 12 million barrels per day
SINGAPORE (Reuters) – Oil prices fell on Friday after the United States reported its crude output hit a record 12…
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…
Oil near 2019 highs amid OPEC supply cuts, but rising U.S. output weighs
SINGAPORE (Reuters) – Oil prices hovered near 2019 highs on Wednesday, supported by OPEC-led supply cuts and U.S. sanctions on…
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…
Exclusive: Fed’s Williams says new economic outlook necessary for rate hikes
NEW YORK (Reuters) – New York Fed President John Williams on Tuesday said he was comfortable with the level U.S.…
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…
U.S. agency submits auto tariff probe report to White House
WASHINGTON (Reuters) – The U.S. Commerce Department sent a report on Sunday to U.S. President Donald Trump that could unleash…
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…
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…
Wall Street Week Ahead: Profit estimates may be adding in too much cost risk
NEW YORK (Reuters) – As Wall Street braces for the first quarterly decline in earnings in nearly three years, some…
China, U.S. start high-level trade talks in Beijing: Xinhua
U.S. trade representative Robert Lighthizer leaves a hotel in Beijing for talks with Chinese officials, China, February 14, 2019. REUTERS/Thomas…
U.S.’ Mnuchin says ‘looking forward’ to China trade talks
U.S. Treasury Secretary Steven Mnuchin, a member of the U.S. trade delegation to China, leaves a hotel in Beijing for…
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…
Oil prices rise 1 percent amid OPEC supply cuts, U.S. sanctions on Venezuela
SINGAPORE (Reuters) – Oil prices rose by around 1 percent on Wednesday as producer club OPEC said it had deeply…