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Reuters: Business News

Wall Street's five-day rally falters ahead of earnings 2019-01-11 13:44:20U.S. stocks edged about 0.4 percent lower on Friday as investors booked profits after a five-day rally and reset positions ahead of the earning season

Square's head of product joins Visa to head 2019-01-11 13:28:58Visa Inc on Friday said https://usa.visa.com/visa-everywhere/blog.entry.html/2019/01/11/mary_kay_bowman_join-lrU0.html Mary Kay Bowman will join as h

Autostrade to pay 439 million euros for Genoa 2019-01-11 13:12:29Autostrade per l'Italia (ASPI) has agreed to pay for the reconstruction of the collapsed Genoa bridge, Italy's Transport Minister Danilo Toninelli s

Ghosn's Renault lieutenant drew extra salary via holding: 2019-01-11 12:55:52One of Renault boss Carlos Ghosn's senior executives received an additional six-figure salary unknown to the carmaker's board via the Dutch joint v

Fox says no plans to bid for sports 2019-01-11 12:37:01Fox Chairman Lachlan Murdoch said in November it was still an "open question" whether the company will buy back the regional sports networks it sold

U.S. shutdown sends grain traders, farmers hunting for 2019-01-11 12:35:41When the U.S. Department of Agriculture announced a slew of key farm reports would not be released on Friday due to the partial government shutdown, t

GM bucks gloomy earnings forecast trend, shares jump 2019-01-11 12:20:48General Motors Co executives on Friday bucked gloomy forecasts for growth and sent the automaker's shares soaring, promising investors stronger 2019

Cheaper gasoline weighs on U.S. consumer prices in 2019-01-11 12:05:18U.S. consumer prices fell for the first time in nine months in December amid a plunge in gasoline prices, but underlying inflation pressures remained

Autostrade executives guilty of manslaughter in 2013 motorway 2019-01-11 12:01:02Three managers at Autostrade per l'Italia, and three former managers, were found guilty of manslaughter on Friday over the deaths of 40 people in a 2

Stocks ease after five-day rally; dollar rebounds 2019-01-11 11:43:36An index of world stock markets eased on Friday after a five-day winning streak, as a rally fueled by hopes that Sino-U.S. trade tensions will ease an

Ford plans to cut 1,150 jobs in Britain, 2019-01-11 10:49:46U.S. carmaker Ford plans to cut 1,150 jobs in Britain, the Unite union said on Friday, with nearly 1,000 job losses at its Bridgend engine plant in

Nissan expands Ghosn probe to more countries, executive 2019-01-11 10:28:03Nissan Motor Co Ltd has broadened its investigation into ousted chairman Carlos Ghosn to include dealings that took place in the United States, India

L.A. Times - Business

SpaceX to lay off 10% of its workforce 2019-01-11 19:55:00SpaceX, citing a need to get “leaner,” said Friday it will lay off more than 10% of its roughly 6,000 employees. The cuts were cited in an

Mortgage industry gets shutdown relief after appeal to 2019-01-11 18:45:00After an intense lobbying campaign by the mortgage industry, the Treasury Department this week restarted a program that had been sidelined by the part

Stocks edge down at the end of another 2019-01-11 17:50:00U.S. stock indexes edged down Friday after the falling price of oil weighed on energy companies, but the Standard & Poor’s 500 nevertheless

Slack will skip IPO and do a direct 2019-01-11 17:10:00Slack Technologies Inc. plans to forgo a traditional initial public offering and instead intends to sell its shares to bidders in a direct listing, a

Cellphone carriers back away from selling location data 2019-01-11 16:50:00Major cellphone carriers have been selling real-time data about their customers’ locations, and that information has been ending up in the wrong

Protracted debt-limit battle poses risks to U.S. credit 2019-01-11 16:40:00The U.S. political gridlock that has shut down part of the government risks running into a crucial deadline that would limit the Treasury’s borr

Government shutdown: FDA does less for food safety 2019-01-11 15:20:00Three weeks into the federal government shutdown, a new worry has emerged: the U.S. Food and Drug Administration’s food-safety inspections. On W

Most of what you pay for things ‘made 2019-01-11 14:15:00About 56% of what you pay for something “made in China” goes to U.S. workers and companies, on average, according to a new analysis releas

I was afraid to tell my partner I 2019-01-11 12:00:00The first rule my boyfriend and I made when we started dating seven years ago was that we would be totally honest with each other — about everyt

The Rolls-Royce Cullinan SUV is wonderful. But at 2019-01-11 11:00:00Cynics snickered when Rolls-Royce Motor Co. announced in 2015 that it would build a luxury SUV. They snickered a little more when the fabled English c

As the housing market slows, builders are offering 2019-01-11 09:00:00As the housing market has downshifted, more builders are offering sweeteners to close the deal. Companies large and small are paying closing costs, bu

Lampert uses Sears workers as fulcrum in renewed 2019-01-11 08:30:00Chairman Eddie Lampert’s revised plan to save Sears includes more severance for its workers, a move that could head off a debacle like the colla

Economy

Trump is probably going to get his way 2019-01-09 06:46:00As President Trump jawbones the Federal Reserve, the likelihood that he's going get what he wants this year from the central bank grows.

Fitch warns of possible cut to US triple-A 2019-01-09 05:39:00Fitch warned the ongoing U.S. government shutdown could soon start to negatively impact the debt ceiling.

Job openings on the decline but still outpace 2019-01-08 10:31:00Job openings edged lower in November but there were still 800,000 more vacancies than there were workers to fill them.

US-China negotiators reportedly narrow differences on trade 2019-01-08 09:42:00Trade negotiators from China and the U.S. have narrowed some of their differences, according to a report from Dow Jones.

More US regions see job openings outnumbering the 2019-01-08 07:06:00Job openings are outnumbering unemployed workers across increasingly wide swaths of the U.S.

Former Fed Chair Alan Greenspan thinks the Ocasio-Cortez 2019-01-07 11:18:00Raising the marginal tax rate on the richest Americans to 70 percent would be a "terrible idea," former Fed Chairman Alan Greenspan said.

US services sector grows at slowest pace since 2019-01-07 10:00:00The U.S. services sector expanded at a slower-than-expected pace in December, according to data released Monday.

Powell says Fed 'wouldn't hesitate' to tweak balance 2019-01-04 10:27:00Fed Chair Powell said that the central bank "wouldn't hesitate" to adjust the pace at which it reduces its balance sheet if market problems arise.

Manufacturing industry posts biggest annual job gain in 2019-01-04 10:09:00The net changes by industry for December jobs based on Friday's jobs report; the health-care and education sector saw the largest gain.

Job growth surges by 312,000 in December 2019-01-04 08:30:00Job creation ended 2018 on a powerful note, with nonfarm payrolls surging by 312,000 in December though the unemployment rate rose to 3.9 percent.

Cleveland Fed President Loretta Mester says if inflation 2019-01-04 08:10:00The U.S. economy is "in a really good spot," Mester says in an interview with CNBC.

The president of the Dallas Fed says central 2019-01-03 11:35:00The Federal Reserve ought to stop raising interest rates until it gets a clearer picture of where the economy is headed, Robert Kaplan, president of t

NYT > Economy

Fed Ready to Pause on Interest Rate Increases 2019-01-09 17:33:08Fed minutes and comments by officials signal that the central bank will not raise rates at its next meeting, in January, and is unlikely to do so at t

China Offers Trump a Trade Peace Deal. It 2019-01-08 14:17:56Beijing’s proposed concessions may help both sides, but may not alleviate the tensions fueling its economic conflict with the United States.

Who Wants a Market Downturn? These Investors Actually 2019-01-06 19:32:22Some venture capitalists are rooting for a market dip to calm Silicon Valley’s overheated start-up scene.

As Big Retailers Seek to Cut Their Tax 2019-01-06 03:00:06If Walmart, Lowe’s and other companies win their property tax appeals, homeowners and small businesses will have to pay more or live with smalle

China Pours $218 Billion Into the Economy as 2019-01-04 23:19:21The Chinese central bank’s move is intended to send a signal that Beijing is ready to stem a slowdown that has darkened the global outlook.

Strong Hiring and Fed Chief’s Reassurance on Rates 2019-01-04 20:44:25A December gain of 312,000 jobs sent stocks up more than 3 percent, and the Federal Reserve chairman offered soothing words on the central bank’

Powell Says a ‘Patient’ Fed Is Watching for 2019-01-04 18:42:45Jerome H. Powell, the Federal Reserve chairman, also said that if asked to resign by President Trump, he would refuse.

Fed Chairman Powell to Markets: I Hear You 2019-01-04 18:08:04His message to investors seemed to repair the damage from his remarks two weeks ago.

U.S. Auto Sales Put Up a Big Number, 2019-01-03 20:25:39The industry sold more than 17 million vehicles for the fourth straight year. But it is relying more on fleet sales, and economic winds are not favora

Big Tech May Look Troubled, but It’s Just 2019-01-01 20:16:04Even as Facebook, Google and others confronted challenges in 2018, their ambitions were undimmed. After all, so much of life remains undisrupted.

‘I Have Seen Many Crises’: Steel Magnate Stands 2018-12-31 18:11:15Despite being hurt by inflation, a falling currency and import tariffs imposed by the Trump administration, Fuat Tosyali, a Turkish industrialist, pla

China’s State Media Finds Good News in Underwear 2018-12-28 13:56:49An unorthodox economic indicator points to an improving outlook in China’s rust belt. Economists are skeptical, but there are precedents for thi

Home Page

In Bezos split, a question about who gets 2019-01-11 12:02:00Jeff Bezos owns almost 79 million shares of Amazon.com, worth about $130 billion as of Thursday.

Meera Sanyal, banker-turned politician, dies at 57 after 2019-01-11 11:55:00Sanyal had joined the Aam Aadmi Party after quitting her job as the country chief executive of Royal Bank of Scotland, and contested a Lok Sabha elect

India's Industrial growth falls to 17-month low of 2019-01-11 11:23:00Of 23 sub-sectors within manufacturing, 13 recorded a year-on-year contraction, as compared to two in September

India witnessing over four years of intolerance, says 2019-01-11 11:05:00India cannot be strong if it is divided, he said

Army major, soldier killed in IED blast along 2019-01-11 10:15:00Army soldiers have been alerted against IED blasts and attacks by the border action teams (BATs) of the Pakistan Army, they said

Ashok Chawla quits as NSE chief after govt 2019-01-11 09:40:00Sebi has been probing the alleged lapses in high-frequency trading offered through NSE's co-location facility

Bharti Airtel to give Tanzania bigger stake in 2019-01-11 09:18:00Tanzania President John Magufuli and Bharti Airtel Chairman Sunil Mittal resolve dispute over ownership of Tanzanian mobile operator.

H1-B visa workers may soon get US citizenship, 2019-01-11 09:06:00The H1-B visa program allows US companies to hire foreign workers in some skilled occupations

SC accepts govt response on compensation for J&J 2019-01-11 08:37:00Panel had recommended compensation of up to Rs 1.22 crore for victims

Accenture CEO steps down on health reasons, CFO 2019-01-11 08:27:00Nanterme, who took the helm in January 2011, was diagnosed with colon cancer in 2016

Infosys Q3: Company raises FY19 revenue guidance; approves 2019-01-11 07:24:00The company's board approved buyback of 10.32 crore shares, comprising approximately 2.36 per cent of the paid-up capital of the company as of Decemb

CBI files charge sheet against Nalini Chidambaram in 2019-01-11 06:55:00It is alleged she entered into a criminal conspiracy with Sudipta Sen, the proprietor of Saradha group



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