Rich get richer, everyone else not so much in record U.S. expansion
NEW YORK (Reuters) – Last month Pink Floyd frontman David Gilmour sold his guitar collection for $21.5 million, including one…
Arizona cancels incentive for Nike plant after ‘terrible decision’ to recall sneaker: governor
(Reuters) – Arizona’s governor on Tuesday withdrew a $1 million incentive for Nike Inc (NKE.N) to build a plant in…
U.N. aviation agency to review global pilot training in shadow of 737 MAX crashes
MONTREAL (Reuters) – Global regulators will meet in Montreal next week to review pilot licensing requirements, the U.N.’s aviation agency…
Tesla delivers record number of electric cars in quarter, shares up 7%
SAN FRANCISCO (Reuters) – Tesla Inc (TSLA.O) set a record for quarterly vehicle deliveries in a triumphant response to months…
After explosions, Brazil power transmission companies remove GE equipment
SAO PAULO (Reuters) – After an unusual number of explosions, several Brazilian power transmission companies have started removing a piece…
Exxon quarterly profit to feel pinch of weaker natural gas, chemical earnings
(Reuters) – Exxon Mobil Corp (XOM.N) said on Monday lower natural gas and chemical margins in its second quarter would…
U.S. states sue EPA for stricter asbestos rules
(Reuters) – Ten U.S. states and Washington, D.C. sued the Environmental Protection Agency to begin working on rules to tighten…
OPEC set to extend oil supply cut as Iran endorses pact
VIENNA (Reuters) – OPEC and its allies look set to extend oil supply cuts this week at least until the…
Russia agrees with Saudi Arabia to extend OPEC+ oil output deal
OSAKA/VIENNA (Reuters) – Russia has agreed with Saudi Arabia to extend by six to nine months a deal with OPEC…
White House official: New sales to China’s Huawei to cover only widely available goods
WASHINGTON (Reuters) – President Donald Trump’s decision to allow expanded sales of U.S. technology supplies to Chinese telecommunications giant Huawei…
OPEC set for oil cut extension if Iran endorses pact
VIENNA (Reuters) – OPEC and its allies look set to extend oil supply cuts next week at least until the…
Theranos founder Elizabeth Holmes, top deputy ordered to stand trial in 2020
LOS ANGELES (Reuters) – Theranos founder Elizabeth Holmes and her former second-in-command at the Silicon Valley blood-testing startup were ordered…
India asks its states not to partner with Philip Morris-funded foundation
NEW DELHI (Reuters) – India’s health ministry has asked all state governments in the country not to partner with the…
Deutsche Bank board to meet July 7 to decide on cutting jobs: sources
FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt, Germany, April 25, 2019. REUTERS/Ralph Orlowski/File Photo FRANKFURT (Reuters) –…
U.S. banks play cat-and-mouse game with Fed on capital returns
NEW YORK/WASHINGTON (Reuters) – An annual stress test of banks introduced by U.S. regulators after the 2007-09 financial crisis to…
When controversies hit, wait-and-see no longer works, U.S. companies find
NEW YORK (Reuters) – When Bank of America Corp (BAC.N) held its annual meeting in April, activists insisted it stop…
Trump prepares for ‘productive’ talks with Xi on trade war
OSAKA (Reuters) – U.S. President Donald Trump on Friday said he hoped for productive talks with Chinese President Xi Jinping…
U.S. rights groups, doctors sue to stop Georgia ‘heartbeat’ abortion ban
(Reuters) – A group of civil rights organizations, doctors and clinics sued Georgia’s government on Friday to overturn a law…
Missouri’s only abortion clinic to stay open until at least August 1
(Reuters) – Missouri’s only abortion clinic will remain open for now after a state arbiter on Friday ordered a stay…
Oil prices mixed ahead of U.S. crude stock data
HOUSTON (Reuters) – Oil prices were mixed on Tuesday ahead of data expected to show U.S. crude stocks declining, outweighing…
Fed pushes back on aggressive U.S. rate cut views
NEW YORK (Reuters) – Federal Reserve officials on Tuesday pushed back on market expectations and presidential pressure for the central…
Disney poaches Netflix film executive for streaming service
FILE PHOTO: The entrance gate to The Walt Disney Co is pictured in Burbank, California February 5, 2014. REUTERS/Mario Anzuoni…
Exclusive: In a world first, Facebook to give data on hate speech suspects to French courts
PARIS (Reuters) – In a world first, Facebook has agreed to hand over the identification data of French users suspected…
Micron says some Huawei shipments resumed, shares rise
(Reuters) – Micron Technology Inc said it had resumed some microchip shipments to Huawei Technologies Co Ltd and still expects…
Tesla faces delivery bottleneck at close of second quarter: Electrek
FILE PHOTO: Employees work in a Tesla showroom, as Tesla announces it would close many stores and its sales would…
U.S. hopes to re-launch China trade talks, will not accept conditions on tariffs
WASHINGTON (Reuters) – The United States hopes to re-launch trade talks with China after President Donald Trump and President Xi…
U.S. pork lobby says regulatory changes needed after Trump biotech order
CHICAGO (Reuters) – The U.S. pork lobby said on Tuesday more must be done to simplify regulations for genetically altered…
Alphabet commits to data privacy in Toronto smart city master plan
TORONTO (Reuters) – A high-tech smart city project proposed along Toronto’s waterfront by Alphabet Inc unit Sidewalk Labs has pledged…
FedEx confirms Huawei mail ban as new ‘mistake’ reignites Chinese ire
(Reuters) – FedEx Corp has apologized for another Huawei delivery “mistake,” reigniting Chinese ire and drawing the fire of state…
Exclusive: Dirty oil crisis over for Russia, but contagion felt on high seas
MOSCOW/LONDON (Reuters) – In the opinion of Russian officials, the oil contamination crisis that disrupted flows from the world’s second-largest…
Missouri orders lone abortion clinic to close; judge keeps it open for now
ST. LOUIS (Reuters) – Missouri health officials on Friday refused to renew the license of the state’s only abortion clinic,…
Fed officials face weak inflation, but split over what it means
WASHINGTON/SAN FRANCISCO (Reuters) – U.S. Federal Reserve officials were divided Friday over how seriously to treat a slide in inflation,…
New blow to Boeing from engine delay, Airbus long-range rival takes off
PARIS, France (Reuters) – Boeing suffered a fresh setback at the opening of the Paris Airshow on Monday as the…
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…
Bah humbug! Trump’s plan for more China tariffs to hit festive shoppers
WASHINGTON/NEW YORK (Reuters) – This year’s holiday season could be tighter for many Americans if the U.S. government imposes tariffs…
GSK pharma head flags need for speed in high-pressure drug market
LONDON (Reuters) – Doing things one at a time in drug development is not a luxury that GlaxoSmithKline can afford…
U.S. Navy official sees more orders for Boeing P-8A in coming months
PARIS (Reuters) – The U.S. Navy expects additional U.S. and international orders for the Boeing P-8A Poseidon maritime patrol aircraft…
China’s FedEx probe should not be seen as retaliation: Xinhua
FILE PHOTO: A Federal Express delivery truck is shown in downtown Los Angeles, California, U.S., October 24, 2018. REUTERS/Mike Blake…
Exclusive: Boeing seeking to reduce scope, duration of some physical tests for new aircraft – sources
PARIS (Reuters) – Boeing Co engineers are reducing the scope and duration of certain costly physical tests used to certify…
Boeing says will take time to win back confidence
PARIS (Reuters) – The head of Boeing said on Sunday the U.S. planemaker had made a mistake in implementing a…
Boeing crisis, trade tensions cast pall over air show
PARIS (Reuters) – Safety concerns, trade wars and growing security tensions in the Gulf are dampening spirits at the world’s…
U.S. to launch public hearings on additional China tariffs next week
FILE PHOTO: Workers load goods for export onto a crane at a port in Lianyungang, Jiangsu province, China June 7,…
Trump presses Lockheed to keep open a Pennsylvania plant slated for closure
FILE PHOTO: U.S. President Donald Trump greets Lockheed Martin CEO Marillyn Hewson in front of a Lockheed Martin F-35 stealth…
Target says registers back online, blames outage on technology issue
(Reuters) – Target Corp on Saturday said its payment registers were back online after a systems outage stopped customers in…
Prosecutors drop Flint, Michigan water charges over ‘flawed’ probe
(Reuters) – Michigan prosecutors on Thursday dropped all criminal charges over the deadly contamination of the city of Flint’s water,…
Roche’s combo lymphoma treatment wins U.S. FDA approval
FILE PHOTO: The logo of Swiss drugmaker Roche is seen at its headquarters in Basel, Switzerland February 1, 2018. REUTERS/Arnd…
Brazil asks for WTO investigation of Indonesia on poultry trade
FILE PHOTO: Chicken are pictured at a poultry factory in Lapa city, Parana state, Brazil, May 31, 2016. REUTERS/Rodolfo Buhrer/File…
PetSmart’s Chewy gets Wall Street tails wagging with $1 billion IPO
NEW YORK (Reuters) – Chewy Inc said on Thursday it priced its initial public offering at $22 per share, above…
VW to float 10% of truck unit, seeks to raise 1.9 billion euros
FRANKFURT (Reuters) – Volkswagen aims to raise up to 1.9 billion euros ($2.1 billion) by listing truck unit Traton, it…
Strong U.S. retail sales improve economy’s fortunes
WASHINGTON (Reuters) – U.S. retail sales increased in May and sales for the prior month were revised higher, suggesting a…
Italy’s industry ministry open to any discussions on Alitalia, including with Atlantia
MILAN (Reuters) – Italy’s industry ministry is open to discussions with any investor interested in the rescue of troubled carrier…
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,…
U.S. Justice Department set to decide on T-Mobile, Sprint merger as soon as next week: source
WASHINGTON (Reuters) – The U.S. Justice Department is set to decide as early as next week whether to approve the…
U.S. cities propose framework for nationwide opioid settlement talks
(Reuters) – Lawyers for counties and municipalities suing drug manufacturers and distributors over their alleged roles in the U.S. opioid…
Democratic commissioner questions FCC review of Sprint T-Mobile merger
WASHINGTON (Reuters) – The senior Democrat on the Federal Communications Commission on Wednesday criticized the FCC’s review of the proposed…