Senators announce bipartisan proposal to lower drug prices
WASHINGTON/NEW YORK (Reuters) – The top Republican and Democrat on the U.S. Senate Finance Committee announced a proposal to lower…
Trump meets with tech CEOs on Huawei
U.S. President Donald Trump at the White House in Washington, U.S., July 22, 2019. REUTERS/Jonathan Ernst WASHINGTON (Reuters) – U.S.…
Easing hopes prop up global stocks, pound sags as Britain eyes new PM
TOKYO (Reuters) – Expectations of policy easing by major central banks such as the Federal Reserve propped up global stocks…
Huawei’s U.S. research arm slashes more than 70% of workforce
SANTA CLARA, Calif. (Reuters) – China’s Huawei Technologies Co Ltd said it is slashing more than 600 jobs at its…
U.S. farmers look past trade fears to cash in on China’s hog crisis
WALCOTT, Iowa/LONDON (Reuters) – It might seem an unlikely time for U.S. farmers to look to China for more business…
Exclusive: WeWork to host Wall Street analyst day in IPO push – sources
NEW YORK (Reuters) – The We Company, parent of shared office space manager WeWork, plans to host an analyst day…
Exclusive: J.C. Penney taps debt restructuring advisers – sources
(Reuters) – J.C. Penney Co Inc (JCP.N) has hired advisers to explore debt restructuring options that would buy more time…
Trump: U.S. had ‘very good talk’ with China; in-person talks may follow
WASHINGTON (Reuters) – U.S. President Donald Trump said on Friday that U.S. Treasury Secretary Steve Mnuchin had a very good…
Global stocks down as big rate cut hopes fade, dollar rises
NEW YORK (Reuters) – A gauge of global stocks declined after early gains dissipated on Friday as expectations for a…
Wall Street falls as Fed signals smaller rate cut
NEW YORK (Reuters) – Wall Street’s main indexes fell on Friday following a report that the Federal Reserve plans to…
White House to host meeting with tech executives on Huawei ban: sources
WASHINGTON (Reuters) – White House economic adviser Larry Kudlow will host a meeting with semiconductor and software executives on Monday…
American Airlines-Qantas joint venture wins final U.S. approval
WASHINGTON (Reuters) – The U.S. Department of Transportation (DOT) on Friday granted American Airlines Group Inc and Qantas Airways Ltd…
Biden versus Sanders: Top 2020 contenders snipe over healthcare policy
WASHINGTON (Reuters) – Democratic presidential front-runner Joe Biden and rival Bernie Sanders are waging a public battle this week over…
WHO says investigators conclude Ebola victim did not enter Rwanda
GENEVA (Reuters) – A Congolese woman who may have spread the deadly Ebola virus in Uganda did not go to…
Health Canada to keep importing Kaleo’s epinephrine shot amid shortages
(Reuters) – The Canadian health regulator said on Friday it would keep importing U.S.-based Kaleo Inc’s epinephrine auto-injectors and expects…
Ryanair Irish pilot union to decide on strike ballot next week
FILE PHOTO: Passengers disembark a Ryanair flight at Dublin International Airport in Dublin, Ireland. Aug 23, 2018. REUTERS/Hannah McKay DUBLIN…
Trump to meet airline executives to discuss ‘competition and transparency’
FILE PHOTO: U.S. President Donald Trump talks to reporters as he departs for travel to Greenville, North Carolina from the…
BMW promotes Oliver Zipse to CEO
FILE PHOTO: Oliver Zipse, board member of German luxury carmaker BMW attends the company’s annual news conference in Munich, Germany,…
Oil falls about 2.5% as U.S. Gulf production returns
NEW YORK (Reuters) – Oil fell about 2.5% a barrel on Thursday, weighed down by weakness in U.S. equities markets…
Stocks gain on Fed rate cut optimism; oil drops
NEW YORK (Reuters) – A gauge of global stocks advanced on Thursday, erasing declines on a late rally after comments…
U.S. airline group says it had a ‘productive meeting’ with Trump on Qatar
WASHINGTON (Reuters) – A U.S. airline industry group said it had a “productive” meeting on Thursday with President Donald Trump,…
Wall Street rises as Fed’s Williams cements rate-cut expectations
NEW YORK (Reuters) – U.S. stocks moved higher on Thursday after a slow start as comments from New York Fed…
Trump meets with airline CEOs over Qatar subsidy accusations
WASHINGTON (Reuters) – U.S. President Donald Trump met on Thursday with the chief executives of major American airlines to discuss…
Boeing takes $4.9 billion charge for prolonged grounding of 737 MAX planes
SEATTLE (Reuters) – Boeing Co (BA.N) said on Thursday it would take an after-tax charge of $4.9 billion in the…
Microsoft shares hit record highs, powered by growing cloud sales
(Reuters) – Microsoft Corp (MSFT.O) on Thursday beat analysts’ estimates for fourth-quarter revenue and profit, driven by continued sales increases…
Timeline: How a Congo Ebola outbreak became a global concern
DAKAR (Reuters) – The World Health Organization has declared Congo’s Ebola outbreak an international health emergency, after the virus threatened…
WHO sounds Ebola alarm as risks intensify
GENEVA (Reuters) – The World Health Organization on Wednesday declared Congo’s Ebola outbreak an international health emergency, sounding a rarely…
Exclusive: Canada warns U.S. against drug import plans, citing shortage concerns
TORONTO (Reuters) – Canada opposes any U.S. plans to buy Canadian prescription drugs that might threaten the country’s drug supply…
WHO flags Ebola risk in Rwanda, but then withdraws its report
GENEVA (Reuters) – The World Health Organization on Thursday withdrew a report that said an Ebola patient may have entered…
Wall Street opens flat, investors shrug off bank results
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 1, 2019. REUTERS/Brendan…
Big banks beat profit expectations but warning signs grow
(Reuters) – Three big U.S. banks reported strong earnings on Tuesday even as warning signs emerged that the playing field…
U.S. retail sales ease fears over economy; rate cut still seen
WASHINGTON (Reuters) – U.S. retail sales increased more than expected in June, pointing to strong consumer spending, which could help…
Tesla drops cheapest Model X, S variants, cuts prices to simplify lineup
BEIJING (Reuters) – Tesla Inc (TSLA.O) has dropped the standard-range variants of its Model X and Model S from its…
Wells Fargo tempers cost-cutting outlook
(Reuters) – Wells Fargo & Co reported higher quarterly earnings on Tuesday, due in part to lower expenses, but the…
JPMorgan beats profit estimates but shows signs of pressure
(Reuters) – JPMorgan Chase & Co (JPM.N) reported a quarterly profit that beat estimates on Tuesday as higher interest income…
U.S. retail sales data dents stocks, lifts Treasury yields
NEW YORK (Reuters) – A gauge of global equities lost ground on Tuesday and U.S. Treasury yields moved higher as…
Exclusive: Canada set to postpone Huawei 5G decision to after vote, given sour ties with China – sources
OTTAWA (Reuters) – Canada is likely to postpone a decision on whether to allow China’s Huawei Technologies Co Ltd to…
Trump sees slowing Chinese growth pressuring Beijing on trade
WASHINGTON (Reuters) – U.S. President Donald Trump on Monday seized on slowing economic growth in China as evidence that U.S.…
China data steadies stocks as U.S. earnings get underway
NEW YORK (Reuters) – A gauge of global stocks rose modestly on Monday after economic data from China came in…
Gilead invests $5 billion to deepen ties with biotech Galapagos
(Reuters) – U.S. antiviral drugmaker Gilead Sciences (GILD.O) will invest $5.1 billion in a major expansion of its partnership with…
Citigroup profit beats estimates on gains in consumer lending
(Reuters) – Citigroup Inc topped expectations for quarterly profit on Monday as a tight lid on costs and strength in…
S&P ends near flat as Citigroup results sink banks; Nasdaq hits new high
NEW YORK (Reuters) – The benchmark S&P 500 index ended little changed on Monday after oscillating between positive and negative…
Wall St. notches all-time highs on lingering rate-cut optimism
NEW YORK (Reuters) – All three major indexes posted record closing highs on Friday as firm expectations for an interest-rate…
U.S. regulators approve $5 billion Facebook settlement over privacy issues: source
(Reuters) – The U.S. Federal Trade Commission approved a roughly $5 billion settlement with Facebook Inc this week over its…
AB InBev pulls Budweiser listing, canceling year’s largest IPO
HONG KONG/NEW YORK/BRUSSELS (Reuters) – Anheuser-Busch InBev said on Friday it will not proceed with the planned listing in Hong…
Trump administration freezing fuel efficiency penalties
WASHINGTON (Reuters) – The Trump administration said late on Friday it was issuing final rules to suspend a 2016 Obama…
J&J faces U.S. criminal probe related to baby powder – Bloomberg
The Johnson & Johnson logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE)…
Indivior says Reckitt settlement in U.S. unrelated to its cases
(Reuters) – Drugmaker Indivior Plc said on Thursday its former parent Reckitt Benckiser’s $1.4 billion settlement with authorities in the…
Reckitt to pay $1.4 billion to end U.S. opioid addiction treatment probes
(Reuters) – Reckitt Benckiser has agreed to pay up to $1.4 billion to resolve U.S. claims that its former pharmaceuticals…
Oil falls on dim OPEC demand outlook, pares gains from Gulf of Mexico storm
NEW YORK (Reuters) – Oil prices fell on Thursday as OPEC forecast slower demand for its crude next year, with…
S&P 500, Dow climb as health insurers, financials gain
NEW YORK (Reuters) – The Dow and S&P 500 rose on Thursday to close at record highs as health insurers…
European startups navigate long, winding road to self-driving future
OXFORD, England (Reuters) – Far from the sunny, wide streets of Phoenix, where Waymo’s self-driving taxis ply their trade, a…
Reckitt to pay $1.4 billion to end U.S. opioid addiction treatment probes
(Reuters) – Reckitt Benckiser has agreed to pay up to $1.4 billion to resolve U.S. claims that its former pharmaceuticals…
White House scraps key plan to lower U.S. drug prices; may target drugmakers
NEW YORK/WASHINGTON (Reuters) – The Trump administration on Thursday scrapped one of its most ambitious proposals for lowering prescription medicine…
Mental health issues in Hong Kong surging amid tumultuous protests, experts say
HONG KONG (Reuters) – Stress and trauma over the political turmoil surrounding Hong Kong’s extradition bill has created an unprecedented…
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…
Mexico and U.S. try new trade fix to win over Democrats: official
MEXICO CITY (Reuters) – Mexico is working closely with U.S. Trade Representative Robert Lighthizer to close a loophole in the…