[ad_1] MUMBAI (Reuters) – Drivers for app-based cab aggregators Uber and Ola started an indefinite strike across India on Monday, demanding extra pay as a surge in the number of cabs on the two platforms, coupled with cutbacks in incentive payments, have stung drivers. FILE PHOTO: A note is pasted on a rear window of…
[ad_1] LAS VEGAS (Reuters) – Amazon.com Inc is tracking how regularly customers shop at its store without checkout lines in Seattle – and so far, the verdict is they keep coming back. FILE PHOTO: A sign for the new Amazon Go store on 7th Avenue at Amazon’s Seattle headquarters in Seattle, Washington, U.S., January 29,…
[ad_1] NEW YORK (Reuters) – Real estate brokers scoff that just a fraction of U.S. office space is occupied by co-working and other flexible workspace options, yet data shows over one-quarter of new leases signed in the past two years came from this burgeoning business. Jonathan Iger, chief executive of the William Kaufman Organization, is…
[ad_1] WASHINGTON (Reuters) – Jerome Powell heads for his first interest rate increase as Federal Reserve Chairman this week with an unanswered question looming above others: could his optimism about the U.S. economy lead to more hikes than markets have prepared for? FILE PHOTO: Federal Reserve Chairman Jerome Powell delivers the semi-annual Monetary Policy Report…
[ad_1] SEOUL (Reuters) – Shares in Hyundai Motor tumbled on Monday on a U.S. probe into why air bags failed to deploy in some of its Sonata sedans, with investors fretting about potential recall costs for the once popular cars. The logo of Hyundai Motor is seen at its dealership in Seoul, South Korea, April…
[ad_1] BEIJING (Reuters) – After 20-odd years of “marriage” in China, Ford Motor Co is having relationship issues. FILE PHOTO: The Ford Motor Company logo is pictured at the Los Angeles Auto Show in Los Angeles, California, U.S., November 30, 2017. REUTERS/Mike Blake/File Photo – The U.S. automaker, losing ground in the world’s largest car…
[ad_1] MEXICO CITY/SAN FRANCISCO (Reuters) – Working quietly from a shared office space in one of Mexico City’s trendiest neighborhoods, China’s ride-hailing giant Didi Chuxing is planning to hit its archrival Uber where it hurts. A man walks by under an Uber logo in Mexico City, Mexico February 6, 2018. Picture taken on February 6,…
[ad_1] SYDNEY (Reuters) – Asian share markets traded mixed on Monday as caution gripped investors in a week in which the Federal Reserve is likely to hike U.S. interest rates and perhaps signal that as many as three more lie in store for the rest of the year. Investors look at an electronic board showing…
[ad_1] NEW YORK (Reuters) – Alphabet Inc’s Google routinely fields product queries from millions of shoppers. Now it wants to take a cut of their purchases, too. FILE PHOTO: The Google logo is seen at the Young Entrepreneurs fair in Paris, France, February 7, 2018. REUTERS/Charles Platiau /File Photo The U.S. technology company is teaming…
[ad_1] BEIJING (Reuters) – Alibaba Group Holding Ltd (BABA.N) said it will invest an additional $2 billion in Southeast Asian e-commerce firm Lazada Group and replace its chief executive, consolidating its control over the firm as it targets an aggressive expansion in the region. FILE PHOTO: A sign of Alibaba Group is seen during the…
[ad_1] (Reuters) – Apple Inc (AAPL.O) is developing its own MicroLED device displays and has made small numbers of the screens for testing, Bloomberg reported on Sunday. FILE PHOTO: A man looks at the screen of his mobile phone in front of an Apple logo outside its store in Shanghai, China on July 30, 2017.…
[ad_1] BEIJING (Reuters) – Alibaba Group Holding Ltd said it will invest an additional $2 billion in Southeast Asian e-commerce firm Lazada Group as part of the Chinese firm’s push into new markets. FILE PHOTO: A sign of Alibaba Group is seen during the fourth World Internet Conference in Wuzhen, Zhejiang province, China, December 3,…
[ad_1] SYDNEY (Reuters) – Asian share markets slipped into the red on Monday as caution gripped investors in a week in which the Federal Reserve is likely to hike U.S. interest rates and perhaps signal that as many as three more lie in store for the rest of the year. Investors look at an electronic…
[ad_1] SYDNEY (Reuters) – Asian share markets got off to a hesitant start on Monday for a week in which the Federal Reserve is likely to deliver a hike in U.S. interest rates and perhaps signal that as many as three more lie in store for the rest of the year. Investors look at an…
[ad_1] SEOUL (Reuters) – Shares of Hyundai Motor (005380.KS) fell as much as 4.8 percent on Monday after a U.S. regulator said it had opened a probe into why some air bags failed to deploy in Hyundai and Kia (000270.KS) vehicles following crashes. The logo of Hyundai Motor is seen at its dealership in Seoul,…
[ad_1] A grieving daughter was blindsided when the lawyer hired to settle her father’s estate charged thousands of dollars for time he spent responding to a complaint the family filed against him. But lawyers are not allowed to bill for hours spent responding to complaints, according to the Law Society of Ontario. A legal ethics expert says…
[ad_1] BUPYEONG, South Korea (Reuters) – Having lost his temporary job as a mechanist at GM Korea twice in the past eight years, Shin Hyun-chang was eagerly awaiting a court ruling last month on whether the automaker would be forced to recognize him as a full-time employee. Shin Hyun-chang, who used to work at an…
[ad_1] (Reuters) – U.S. defense contractor CACI International Inc (CACI.N) said on Sunday it had offered to merge with larger peer CSRA Inc (CSRA.N), seeking to disrupt the latter’s $6.8 billion acquisition by General Dynamics Corp (GD.N). FILE PHOTO: A General Dynamics sign is shown at the International Association of Chiefs of Police conference in…
[ad_1] (Reuters) – Douglas Haynes has resigned as president of Point72 Asset Management LP, a spokeswoman for billionaire Steven Cohen’s investment firm said on Sunday, as the company and Haynes face a lawsuit claiming women are subject to a hostile working environment. FILE PHOTO: Steven Cohen, Chairman and CEO of Point72 Asset Management, speaks at…
[ad_1] When fans score tickets for events at the Burton Cummings Theatre in Winnipeg in the future, they might notice the absence of a familiar feature: that ubiquitous zebra-styled inventory tracker bar that adorns almost every retail product imaginable. The theatre’s operator, True North Sports and Entertainment, is testing a new Ticketmaster system that gives…
[ad_1] (Reuters) – U.S. defense contractor CACI International Inc (CACI.N) has offered to merge with larger peer CSRA Inc (CSRA.N), seeking to disrupt the latter’s $6.8 billion acquisition by General Dynamics Corp (GD.N), people familiar with the matter said. FILE PHOTO: A General Dynamics sign is shown at the International Association of Chiefs of Police…
[ad_1] Miss something this week? Don’t panic. CBC’s Marketplace rounds up the consumer and health news you need. Want this in your inbox? Get the Marketplace newsletter every Friday. Internet prices dialing up Your internet bill could get even more pricey. Big telecom companies are hiking rates yet again. One option? A consumer advocacy group…
[ad_1] BUENOS AIRES (Reuters) – Germany’s new finance minister Olaf Scholz warned on Sunday that protectionism could harm future economic prospects and said Germany would continue talks to dissuade the United States from imposing planned punitive steel and aluminum tariffs. FILE PHOTO: German Finance Minister and Vice Chancellor Olaf Scholz attends a news conference following…
[ad_1] NEW YORK (Reuters) – Luke Thomas, 44, an information technology field manager who lives in Miami, began investing in the U.S. stock market in his early 20s, attracted by the prospect of learning “how to grow a little bit of money into a lot,” he said. A bronze “Charging Bull” statue is seen in…
[ad_1] Jenn Iskiw says she’ll be grocery shopping elsewhere after feeling betrayed by Loblaws — twice. First, for artificially inflating the price of bread for 14 years, and second, for demanding she send ID to get a $25 gift card offered as compensation for bread price fixing. “It was bad enough they committed fraud,” says Iskiw who lives…
[ad_1] (Reuters) – Chinese video streaming service provider iQiyi Inc, a unit of search engine giant Baidu Inc (BIDU.O), has launched an initial public offering in New York worth up to $2.4 billion, seeking to expand its range of content. A person holds a phone with Baidu Inc’s video streaming service iQiyi in Jinan, Shandong…
[ad_1] LONDON (Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. FILE PHOTO: Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 14, 2018. REUTERS/Andrew Kelly 1/…
[ad_1] WASHINGTON (Reuters) – The U.S. Commerce Department said it will begin accepting requests on Monday for product exclusions from President Donald Trump’s new steel and aluminum import tariffs, but it could take up to 90 days for the agency to make determinations. Steel coils sits in the yard at the Novolipetsk Steel PAO steel…
[ad_1] FRANKFURT (Reuters) – Germany’ Daimler (DAIGn.DE) is in a push to boost production capacity as its Mercedes-Benz Cars unit eyes annual sales of 3 million vehicles, up from 2.4 million last year, an executive told weekly publication Automobilwoche. The logo of Mercedes-Benz is pictured on a car during the 88th Geneva International Motor Show…
[ad_1] WASHINGTON (Reuters) – The U.S. National Highway Traffic Safety Administration said on Saturday it is opening a probe into why some air bags failed to deploy in Hyundai and Kia vehicles after crashes in which four people were reportedly killed and another six injured. FILE PHOTO – A worker works at an assembly line…
[ad_1] WASHINGTON (Reuters) – The U.S. National Highway Traffic Safety Administration said on Saturday it is opening an investigation to determine why some air bags failed to deploy in crashes after four deaths were reported in Hyundai Motor Co and Kia Motors Corp vehicles. FILE PHOTO – A worker works at an assembly line of…
[ad_1] CHICAGO/NEW YORK (Reuters) – When Toys ‘R’ Us secured a $3.1 billion bankruptcy loan in September, toy makers were reassured they would be paid for goods delivered to the company as it tried to emerge from Chapter 11. Toys ‘R’ Us vendor Learning Resources sign is displayed outside the warehouse in Vernon Hills, Illinois,…
[ad_1] Oil changes are by far the most common service performed on vehicles in Canada. Customers pay quick lube facilities, private garages and dealer maintenance centres well over a billion dollars a year for the service. But a CBC investigation finds many of us may be changing our oil far more often than automakers require.…
[ad_1] Fuelled by technological breakthroughs and cuts to taxes and regulation, the United States is on target to become the world’s biggest producer of crude oil in the next five years. Let that sink in. The U.S will be bigger than Russia and Saudi Arabia. It would be a remarkable feat and significant, too. It could clear the way for…
[ad_1] WASHINGTON (Reuters) – Steel and aluminum users that depend on imported products not available from U.S. producers may have to wait up to 90 days for an exclusion from the Trump administration’s new metals tariffs, according to a Commerce Department document. Steel coils sits in the yard at the Novolipetsk Steel PAO steel mill…
[ad_1] SAN FRANCISCO (Reuters) – Outsized returns delivered by Amazon.com (AMZN.O), Netflix (NFLX.O) and other heavyweight technology stocks have made them heroes on Wall Street, but some strategists warn that investors’ reliance on them exacerbates the risk of a steep downturn. Traders work on the floor of the New York Stock Exchange shortly after the…
[ad_1] WASHINGTON (Reuters) – Steel and aluminum users that depend on imported products not available from U.S. producers may have to wait up to 90 days for an exclusion from the Trump administration’s new metals tariffs, according to a Commerce Department document. Steel coils sits in the yard at the Novolipetsk Steel PAO steel mill…
[ad_1] (Reuters) – Qualcomm Inc (QCOM.O) on Friday said former executive chairman Paul Jacobs would not be renominated for the U.S. semiconductor company’s board after Jacobs disclosed his intention to pursue a long-shot acquisition of the firm. FILE PHOTO: Paul Jacobs, Executive Chairman of Qualcomm attends the World Economic Forum (WEF) annual meeting in Davos,…
[ad_1] WASHINGTON (Reuters) – Steel and aluminum users that depend on imported products not available from U.S. producers may have to wait up to 90 days for an exclusion from the Trump administration’s new metals tariffs, according to a Commerce Department document. A cargo ship seen at sunset docked at the Port of Oakland with…
[ad_1] There’s a new twist in the BroadQualm saga this afternoon as Qualcomm has said it won’t renominate Paul Jacobs, the former executive chairman of the company, after he notified the board that he decided to explore the possibility of making a proposal to acquire Qualcomm. The last time we saw such a huge exploration…
[ad_1] (Reuters) – Activist investor Carl Icahn on Friday disclosed a 6.86 percent stake in Sharpie pens maker Newell Brands Inc (NWL.N), and said he could seek a board seat at the company, which is already battling another top shareholder over board representation. FILE PHOTO – Billionaire activist-investor Carl Icahn gives an interview on FOX…
[ad_1] (Reuters) – Berkshire Hathaway Inc (BRKa.N) on Friday said its median employee last year made a little over half the $100,000 salary that Chairman Warren Buffett was awarded for running the conglomerate that made him the world’s third-richest person. FILE PHOTO: Berkshire Hathaway CEO Warren Buffett visits the BNSF booth before the Berkshire Hathaway…
[ad_1] SAN FRANCISCO (Reuters) – A senior executive said Microsoft Corp (MSFT.O) thoroughly investigates issues raised by women in the workplace and fired about 20 employees last year over complaints of sexual harassment as the company seeks to counter claims that it treats female workers unfairly. FILE PHOTO – A Microsoft logo is seen a…
[ad_1] MOSCOW/LONDON (Reuters) – Oil trader Trafigura will regain its position as the largest buyer of seaborne crude from Russia’s Rosneft, trading sources told Reuters on Friday, expanding their partnership as Rosneft reduces its dealings with Vitol and Glencore. Trafigura logo is pictured in the company entrance in Geneva, Switzerland March 11, 2012. REUTERS/Denis Balibouse/File…
[ad_1] SEATTLE (Reuters) – Boeing Co (BA.N) has scrambled to reorganize testing of its new 777X to avoid being delayed by engine snags, while robots and mechanics are starting work on the fuselage, the executive who heads efforts to build the world’s largest twin-engined jet said in an interview. The logo of Boeing (BA) is…
[ad_1] NEW YORK (Reuters) – Coca-Cola Co (KO.N) and the U.S. State Department along with two other companies said on Friday they are launching a project using blockchain’s digital ledger technology to create a secure registry for workers that will help fight the use of forced labor worldwide. FILE PHOTO – Coca-Cola cartons are seen in…
[ad_1] Zuora, which helps businesses handle subscription billing and forecasting, filed for an initial public offering this afternoon following on the heels of Dropbox’s filing earlier this month. Zuora’s IPO may signal that Dropbox going public, and seeing a price range that while under its previous valuation seems relatively reasonable, may open the door for…
[ad_1] NEW YORK (Reuters) – The S&P 500 and the Dow Industrials rose on Friday, boosted by strong industrial output numbers, though all three of Wall Street’s major indexes posted losses for the week. Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 14,…
[ad_1] NEW YORK (Reuters) – U.S. stocks rose on Friday boosted by strong industrial output numbers though Wall Street’s three major indexes posted losses for the week. Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 14, 2018. REUTERS/Andrew Kelly The Dow Jones Industrial…
[ad_1] (Reuters) – The S&P and Dow Industrials rose on Friday as strong U.S. industrial output numbers boosted stocks across sectors, though equities were on track for overall losses this week. Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 14, 2018. REUTERS/Andrew Kelly…
[ad_1] (Reuters) – The smallest member of Boeing Co’s (BA.N) upgraded narrowbody jetliner range, the 138-seat 737 MAX 7, began its maiden flight on Friday, heralding months of trials before it enters service next year, the company said. FILE PHOTO – Employees are pictured as the first Boeing 737 MAX 7 is unveiled in Renton,…
[ad_1] PARIS (Reuters) – French luxury goods group Kering (PRTP.PA) has complied with its tax obligations in Switzerland, it said on Friday, responding to newspaper reports alleging that the company used a Swiss-based scheme to evade taxes on earnings from brands such as Gucci and Yves Saint Laurent. A Gucci sign is seen outside a…
[ad_1] CHICAGO (Reuters) – Caterpillar Inc (CAT.N) will close two facilities in Texas and Panama and is also considering shutting its engine manufacturing plant in Illinois as part of a strategy to boost profitability and better handle business cycles, but the move could cut 880 jobs. FILE PHOTO: A Caterpillar corporate logo is pictured on…
[ad_1] BRUSSELS (Reuters) – The European Commission called for industry views on Friday on a list of U.S. products it will subject to import tariffs, the first step towards measures to counter planned U.S. taxes on European steel and aluminum. A cargo ship seen at sunset docked at the Port of Oakland with San Francisco…
[ad_1] MOSCOW (Reuters) – Russia’s central bank is considering pumping more than 1 trillion rubles ($17 billion) into two banks it first bailed out last year to shore up their balance sheets, three sources familiar with the discussion told Reuters. FILE PHOTO: A man walks out of the Russia’s B&N Bank headquarters in central Moscow,…
[ad_1] (Reuters) – Wall Street’s main indexes rose on Friday after strong economic data boosted financial stocks and a jump in oil prices lifted shares of energy companies. Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 14, 2018. REUTERS/Andrew Kelly JPMorgan (JPM.N) and…
[ad_1] Developer bootcamps — several-month training programs that are designed to help people get up to speed with the technical skills they need to become a developer — exploded in popularity in the early part of the decade, but there’s been a bit of a shakedown on the space recently. And that could be a…
[ad_1] The Canadian dollar continued its slide this week to fall to a nine-month low as it headed for its worst week against the U.S. dollar in over a year. The loonie was trading at 76.41 cents US on Friday afternoon, which is its lowest level since June last year and was down over 0.4 per…
[ad_1] Gusto, formerly ZenPayroll, is the rare startup unicorn that has stayed relatively mum on its product and growth — it’s last press release, for instance, was more than a year ago. The company’s core offering remains payroll for small businesses, and it has been working to expand its customer base across the nation, including…
[ad_1] The Bank of Montreal has stopped allowing customers to use its credit cards to buy cryptocurrency such as bitcoin. The bank says it no longer allows retail consumers to buy cryptocurrencies using Mastercard-branded credit or debit cards. The bank’s decision follows a move by TD Bank last month to stop allowing customers to use…
[ad_1] Google today announced that it has expanded its recently launched Cloud Platform region in the Netherlands with an additional zone. The investment, which is worth a reported 500 million euros, expands the existing Netherlands region from two to three regions. With this, all four of the Central European Google Cloud Platform zones now feature…
[ad_1] (Reuters) – Wall Street ticked higher on Friday as financial stocks tracked gains in yields following data that showed strong U.S. factory output and improving consumer sentiment. Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 14, 2018. REUTERS/Andrew Kelly Shares of JPMorgan…
[ad_1] The first big tech IPO of the year has opened with a bang. Zscaler, a security startup that confidentially filed for an IPO last year, started trading this morning as ZS on Nasdaq at a price of $27.50/share. This was a pop of 71.9 percent on its opening price of $16, and speaks to…
[ad_1] (Reuters) – SunPower Corp (SPWR.O) on Friday said it was strongly considering expanding its solar panel manufacturing in the United States as it grapples with the Trump administration’s tariffs on solar imports. FILE PHOTO – SunPower Corporation Chief Executive Tom Werner looks on during an interview with Reuters in Mexico City, Mexico, March 29,…
[ad_1] ISTANBUL (Reuters) – Istanbul’s taxi drivers have taken Uber to court, accusing the U.S.-based ride-hailing app of endangering their livelihoods in a case that could crimp its business in Europe’s largest city. FILE PHOTO: The Uber logo is seen on mobile telephone in London, Britain, September 25, 2017. REUTERS/Hannah McKay/File Photo It is the…
[ad_1] LONDON (Reuters) – Goldman Sachs (GS.N) on Friday reported a mean gender pay gap in Britain for its international business of 55.5 percent and a mean bonus gap for the unit of 72.2 percent. FILE PHOTO – A trader works at the Goldman Sachs stall on the floor of the New York Stock Exchange,…
[ad_1] BRUSSELS (Reuters) – The European Commission called for industry views on Friday on a list of U.S. products it will subject to import tariffs if the United States taxes European steel and aluminum. A cargo ship seen at sunset docked at the Port of Oakland with San Francisco and the San Francisco Bay Bridge…
[ad_1] Canadians had 28 per cent more gripes about their banks last year than they did in 2016, according to a new report from the ombudsman overseeing the industry, with bogus credit card charges a particular thorn in the side of many customers. According to the annual report of the Ombudsman for Banking Services and…
[ad_1] (Reuters) – Johnson & Johnson (JNJ.N) has been offered about $2.1 billion for its LifeScan Inc unit, which makes blood glucose monitoring products, by private investment firm Platinum Equity, the healthcare company said on Friday. A Johnson & Johnson building is shown in Irvine, California, U.S., January 24, 2017. REUTERS/Mike Blake Sales in J&J’s…
[ad_1] (Reuters) – U.S. stock index futures pointed to a flat opening for Wall Street on Friday as continuing turmoil in the Trump administration kept investors on edge. Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 14, 2018. REUTERS/Andrew Kelly The three main…
[ad_1] GENEVA (Reuters) – President Donald Trump’s announcement last week of a 25 percent tariff on U.S. imports of steel and 10 percent on aluminum caused a global outcry. U.S. President Donald Trump is after signing a proclamation to establish tariffs on imports of steel and aluminum at the White House in Washington, U.S., March…
[ad_1] HONG KONG (Reuters) – Li Ka-shing’s rise from penniless immigrant in 1940 to billionaire tycoon is the consummate success story in Hong Kong, a city which progressed alongside him from trading outpost to one of the world’s biggest financial centers. Hong Kong tycoon Li Ka-shing takes a selfie with journalists after announcing his retirement…
[ad_1] As we watch major tech platforms evolve over time, it’s clear that companies like Facebook, Apple, Google and Amazon (among others) have created businesses that are having a huge impact on humanity — sometimes positive and other times not so much. That suggests that these platforms have to understand how people are using them…
[ad_1] FRANKFURT (Reuters) – Swiss packaging maker SIG Combibloc is preparing an autumn stock market listing in Zurich that could value it at about 4.5 billion euros ($5.5 billion), three people close to the matter said. FILE PHOTO – The logo of SIG Combibloc Group, manufacturer of carton packaging and filling machines for beverages and…
[ad_1] FRANKFURT (Reuters) – Packaging maker SIG Combibloc is preparing a Zurich stock market listing in autumn which could value the group at about 4.5 billion euros ($5.5 billion), three people close to the matter said. FILE PHOTO – The logo of SIG Combibloc Group, manufacturer of carton packaging and filling machines for beverages and…
[ad_1] SYDNEY (Reuters) – Simmering fears of a global trade war. An embarrassing political scandal in Japan. Rapid job-turnover inside the White House and the threat of faster interest rate hikes in the United States. Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March…
[ad_1] BOSTON (Reuters) – State Street Corp (STT.N) wants answers from companies that lack such things as independent board leaders or equal voting rights for investors, a top executive at the asset manager said, which could spell weaker support for some companies whose shares it controls. The logo and trading symbol of financial services company…
[ad_1] MILAN (Reuters) – World stocks wavered and the dollar eased on Friday as turmoil in the U.S. administration kept markets watchful at the end of a week scarred by concerns that U.S. tariffs could provoke a trade war. FILE PHOTO – A man walks past an electronic stock quotation board outside a brokerage in…
[ad_1] SAN FRANCISCO (Reuters) – A bike-sharing craze that has swept China over the past two years is picking up speed in cities across the United States, but with a different spin as tough local regulations rein in the roll-out of dockless bikes. California-based bike sharing startup LimeBike displays its bikes at a recently-launched pilot…
[ad_1] HONG KONG (Reuters) – Li Ka-shing’s rise from penniless immigrant in 1940 to billionaire tycoon is the consummate success story in Hong Kong, a city which progressed alongside him from trading outpost to one of the world’s biggest financial centers. Hong Kong tycoon Li Ka-shing announces his retirement in Hong Kong, China March 16,…
[ad_1] (Reuters) – Former Qualcomm Inc Chairman Paul Jacobs has informed its board of directors that he will seek to partner with investment firms to make an offer for the U.S. semiconductor company, people familiar with the matter said on Thursday. FILE PHOTO – Paul Jacobs attends the World Economic Forum (WEF) annual meeting in…
[ad_1] (Reuters) – Kobe Steel’s new president on Friday said he may seek mergers or alliances outside the company for one or more of its business divisions, as he battles to repair damage from a data fraud scandal that roiled Japanese industry. Kobe Steel’s incoming CEO Mitsugu Yamaguchi attends a news conference in Tokyo, Japan…
[ad_1] In-store cosmetic testers help shoppers decide what looks good on them, but a Marketplace investigation reveals the samples themselves don’t always look so pretty under a microscope. Producers went undercover at a dozen makeup stores in the Greater Toronto Area and swabbed 60 eyeshadow, mascara, lip gloss, cream blush and lipstick testers available to…
[ad_1] Some WestJet flight attendants are claiming the airline routinely pays its cabin crew less than minimum wage, since they are only paid for the amount of time they spend in the air, not their time at work. It’s industry standard for flight attendants’ pay to be based on the time from wheels up to wheels down,…
[ad_1] RIGA (Reuters) – Latvia launched just 85 money-laundering investigations in 2017 even though its banks flagged 17,900 suspect transactions, data seen by Reuters shows, highlighting the challenge the Baltic state faces in repairing its tarnished reputation. FILE PHOTO: A logo of the ABLV Bank is pictured in Riga, Latvia February 18, 2018. REUTERS/Ints Kalnins/File…
[ad_1] (Reuters) – Wynn Resorts Ltd’s former chief executive, Steve Wynn, may elect to sell all or a portion of his stake in the company, according to a regulatory filing dated Thursday. FILE PHOTO: Steve Wynn, Chairman and CEO of Wynn Resorts, speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., May…
[ad_1] (Reuters) – Ten years after JPMorgan (JPM.N) bought failing investment bank Bear Stearns, one of the first big harbingers of the financial crisis, investor views on U.S. banks are significantly brighter, although the sector may have already put its biggest gains behind it. FILE PHOTO: People walk by the JP Morgan & Chase Co.…
[ad_1] WASHINGTON (Reuters) – The head of the most influential U.S. business lobbying group warned the Trump administration that unilateral tariffs on Chinese goods could lead to a destructive trade war that will hurt American consumers and U.S. economic growth. U.S. Chamber of Commerce President and CEO Thomas Donohue attends an event with the Mexican…
[ad_1] TOKYO (Reuters) – Asian stocks slid on Friday as reports of more chaos in the Trump administration tested investors’ nerves, already frayed by fears that U.S. tariffs could hurt the global economy and trigger a trade war. FILE PHOTO – A man walks past an electronic stock quotation board outside a brokerage in Tokyo,…
[ad_1] DETROIT (Reuters) – Wells Fargo & Co (WFC.N) Chief Executive Tim Sloan on Thursday defended a 35 percent gain in his latest compensation package, while describing comments last year by Democratic U.S. Senator Elizabeth Warren, who had called for his ouster, as “inappropriate.” FILE PHOTO – Wells Fargo & Company CEO and President Tim…
[ad_1] HAIKOU, China (Reuters) – Hundreds of workers pour concrete as tower cranes swing overhead at the building site where a giant skyscraper is set to soar above the palm-fringed streets of this tropical Chinese city. FILE PHOTO: A HNA Group logo is seen on the building of HNA Plaza in Beijing, China February 9,…
[ad_1] (Reuters) – Nike Inc’s (NKE.N) namesake brand President Trevor Edwards has resigned and will retire in August, a company spokeswoman said on Thursday. FILE PHOTO – Trevor Edwards, President of Nike Brand, discusses the Apple Watch with Nike+ during a media event in San Francisco, California, U.S. September 7, 2016. REUTERS/Beck Diefenbach Earlier on…
[ad_1] SYDNEY (Reuters) – Australia’s competition regulator said on Friday it was suing credit reporting company Equifax Pty Ltd, owned by U.S.-based Equifax Inc (EFX.N), alleging it misled consumers and used unfair tactics with people in financial hardship. FILE PHOTO – Credit reporting company Equifax Inc. corporate offices are pictured in Atlanta, Georgia, U.S., September…
[ad_1] TOKYO (Reuters) – Oil prices crept higher on Friday after the International Energy Agency said global crude demand would accelerate this year, but warned supply is growing at a faster pace. FILE PHOTO – A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy Nicholson/File Photo NYMEX crude for April…
[ad_1] TOKYO (Reuters) – Asian stocks were on the defensive on Friday as worries over the U.S. investigation into the Trump Organization tested investor nerves, already frayed by fears U.S. tariffs could hurt the global economy and trigger a trade war. FILE PHOTO – A man walks past an electronic stock quotation board outside a…
[ad_1] NEW YORK (Reuters) – A U.S. judge on Thursday dismissed a lawsuit against 16 big banks by retail foreign currency investors who claimed they were indirectly harmed by a conspiracy to rig prices. FILE PHOTO – The Bank of America building is shown in down town Los Angeles, California, U.S., March 6, 2017. REUTERS/Mike…
[ad_1] NEW YORK (Reuters) – The S&P 500 ended slightly lower on Thursday after a report that U.S. Special Counsel Robert Mueller had issued a subpoena for documents related to U.S. President Donald Trump’s businesses offset strong jobs and manufacturing data. Traders work on the trading floor at the New York Stock Exchange (NYSE) in…
[ad_1] (Reuters) – Broadcom Ltd (AVGO.O) on Thursday said it was likely to pursue smaller acquisitions of chipmakers after its failed hostile takeover bid to acquire rival Qualcomm Inc (QCOM.O) and said that its smart phone chip business would see a drop in demand this quarter from a North American customer and an increase from…
[ad_1] WASHINGTON (Reuters) – Lawmakers pushing legislation aimed at preventing China from acquiring sensitive U.S. technology have proposed relaxing elements of the measure after lobbying by high-tech firms but will tighten another portion, according to a draft revision seen by Reuters. The Google logo is pictured atop an office building in Irvine, California, U.S. August…
[ad_1] NEW YORK (Reuters) – Goldman Sachs Group Inc (GS.N) wants women to make up half of its global workforce, starting with new analysts by 2021, the Wall Street bank said on Thursday, as it stepped up efforts to address gender and racial imbalance across the board. A sign is displayed in the reception of…
[ad_1] (Reuters) – Walmart Inc (WMT.N) was sued on Thursday by a former executive who accused the world’s largest retailer of issuing misleading e-commerce results, amid growing pressure from Amazon.com Inc (AMZN.O), and firing him for complaining about it. FILE PHOTO – A Walmart store is seen in Encinitas, California, U.S. on April 13, 2016.…
[ad_1] (Reuters) – BlackRock Inc (BLK.N) elected three independent directors to its board, including executives from Microsoft Corp (MSFT.O) and Aviva (AV.L), the world’s biggest asset manager said on Thursday. FILE PHOTO – The company logo and trading information for BlackRock is displayed on a screen on the floor of the New York Stock Exchange…
[ad_1] (Reuters) – Broadcom Ltd’s (AVGO.O) quarterly results topped estimates on Thursday on robust demand for its chips from smartphone makers, at a time when investors are closely watching the company’s next moves after its bid for fellow chipmaker Qualcomm was blocked. FILE PHOTO – sign to the campus offices of chip maker Broadcom Ltd…
[ad_1] SAO PAULO (Reuters) – Nestle SA’s (NESN.S) chairman gave a vote of confidence to Chief Executive Mark Schneider 14 months into his tenure at the helm of the world’s biggest packaged food company as it struggles to recover from a sixth straight year of slowing growth. FILE PHOTO – Nestle CEO Mark Schneider poses…
[ad_1] WASHINGTON (Reuters) – U.S. District Judge Richard Leon said on Thursday a trial to decide if AT&T’s (T.N) $85 billion acquisition of Time Warner Inc (TWX.N) is legal under U.S. antitrust law may last six to eight weeks, significantly longer than previously forecast. FILE PHOTO – An AT&T logo is pictured in Pasadena, California,…
[ad_1] (Reuters) – U.S. media company Meredith Corp MDO.N has hired advisers to explore a sale of its Time, Fortune, Money and Sports Illustrated magazines following its $1.84 billion acquisition of Time Inc in January, people familiar with the matter said. Meredith Corp Chief Executive Stephen Lacy speaks during an interview with Reuters in New…
[ad_1] (Reuters) – Toy retailer Toys ‘R’ Us Inc on Thursday asked the U.S. Bankruptcy Court for approval to stop paying all of its suppliers while it tries to line up buyers for its international business ahead of a planned liquidation of its U.S. operations. The iconic toy store’s plan to liquidate inventory and shutter…
[ad_1] NEW YORK (Reuters) – The S&P 500 ended slightly lower on Thursday in choppy trade as strong jobs and manufacturing data was balanced by a report that U.S. Special Counsel Robert Mueller had issued a subpoena for documents related to U.S. President Donald Trump’s businesses. Traders work on the trading floor at the New…
[ad_1] NEW YORK (Reuters) – The S&P 500 turned lower on Thursday on a report that U.S. Special Counsel Robert Mueller had issued a subpoena for documents related to U.S. President Donald Trump’s businesses, reinforcing the picture of turmoil in the White House. Traders work on the trading floor at the New York Stock Exchange…
[ad_1] (Reuters) – Iconic toy retailer Toys ‘R’ Us Inc will shutter or sell its stores in the United States after failing to revamp its struggling business, putting 30,000 jobs at risk and leaving a void for vendors who supplied the company with $11 billion worth of goods a year. As shoppers flock to Amazon.com…
[ad_1] (Reuters) – The trial to determine whether AT&T Inc’s (T.N) purchase of Time Warner Inc (TWX.N) is legal under U.S. antitrust law will be delayed two days because of scheduling issues, a person familiar with the situation said on Thursday. FILE PHOTO – An AT&T logo is pictured in Pasadena, California, U.S., January 24,…
[ad_1] DEARBORN, Mich. (Reuters) – Ford Motor Co (F.N) executives on Thursday disclosed ambitious plans to shift the struggling automaker’s product portfolio from passenger cars to SUVs, add more hybrid and pure electric vehicles, and reduce development and manufacturing costs – moves aimed at boosting Ford’s profit and share price. FILE PHOTO: A Ford worker…
[ad_1] Pop star Rihanna urged fans on Thursday to delete Snapchat after the social media app ran an ad making fun of her 2009 beating at the hands of then-boyfriend Chris Brown. Shares of parent company Snap Inc. were down almost five per cent on Thursday. “SNAPCHAT I know you know you ain’t my fav…
[ad_1] NEW ORLEANS (Reuters) – Major shifts in industries ranging from semiconductors and food to beverages and pharmaceuticals will keep fueling the blistering pace of mergers and acquisitions, one of Goldman Sachs Group Inc’s top dealmakers said on Thursday. A single-serve Keurig Green Mountain brewing machine is seen in New York February 6, 2015. Picture…
[ad_1] (Reuters) – Bayer AG’s plan to win antitrust approval to buy U.S. seeds supplier Monsanto Co has not satisfied U.S. officials, who are worried the $62.5 billion merger could hurt competition, Bloomberg reported on Thursday. The logo of Bayer AG is pictured at the Bayer Healthcare subgroup production plant in Wuppertal, Germany February 24,…
[ad_1] Toys “R” Us Canada is working on a deal to find a buyer for the Canadian arm and its 82 stores amid efforts by the U.S. parent company to liquidate. (Eric Gay/Associated Press) Toys “R” Us Canada says it is unaffected by the bankruptcy proceedings of its U.S. parent, but will nonetheless pursue a…
[ad_1] Another massive financing round for an AI chip company is coming in today, this time for SambaNova Systems — a startup founded by a pair of Stanford professors and a longtime chip company executive — to build out the next generation of hardware to supercharge AI-centric operations. SambaNova joins an already quite large class…
[ad_1] LONDON (Reuters) – HSBC (HSBA.L) will reveal a gender pay gap of 59 percent at its main UK banking operation, the biggest yet disclosed by a British bank, according to a copy of the lender’s report on the subject seen by Reuters on Thursday ahead of its publication. FILE PHOTO: An aircraft flies past…
[ad_1] SAO PAULO (Reuters) – Mexico and Canada should be ready to continue with a version of the North American Free Trade Agreement (NAFTA) without the United States, the Mexican economy minister said on Thursday. FILE PHOTO – Mexican Economy Minister Ildefonso Guajardo holds his headset during a joint news conference on the closing of…
[ad_1] Canada’s housing market has taken a tumble in the past 12 months, with average selling prices and home sales volumes off sharply in the year up to February, the Canadian Real Estate Association said Thursday. Home sales were down by almost 17 per cent compared to the same month a year earlier, and are…
[ad_1] Seattle-based Strix Leviathan, an enterprise trading and management platform for crypto assets founded by startup vet Jesse Proudman, today announced that it has raised a $1.625 million seed round led by Joe Montana’s Liquid 2 Ventures (yes, that Joe Montana). Other investors include Founders’ Co-op, FuturePerfect Ventures and 9Mile Labs, as well as angel investors like…
[ad_1] (Reuters) – Toys ‘R’ Us Inc, the iconic toy retailer, will shutter or sell its stores in the United States after failing to find a buyer or reach a deal to restructure billions in debt, putting at risk about 30,000 jobs. The closure is a blow to hundreds of toy makers that sell their…
[ad_1] The amount that Canadians owe compared to what they have to spend was slightly lower at the end of 2017, but is still sitting near record highs. Statistics Canada reported Thursday that household debt as proportion of household income stood at 170.4 per cent at the end of December, a slight decrease from the…
[ad_1] Provinces that rely heavily on NAFTA and cross-border activities would be harder hit than the Canadian economy as a whole should the free trade deal collapse, according to a new report from Moody’s. The ratings agency singled out New Brunswick and Ontario as having the highest exposure in terms of trade with NAFTA partners based on…
[ad_1] WASHINGTON(Reuters) – The number of Americans filing for unemployment benefits fell last week, pointing to sustained labor strength even as economic growth appears to have slowed early in the first quarter. FILE PHOTO: Workers clean up around the steel slab roller line at the Novolipetsk Steel PAO steel mill in Farrell, Pennsylvania, U.S., March…
[ad_1] LONDON (Reuters) – HSBC is to disclose an average gender pay gap of 59 percent at its main U.K. banking operation, according to a copy of the bank’s report on the subject seen by Reuters on Thursday ahead of its publication. FILE PHOTO: A worker walks past a branch of HSBC bank in the…
[ad_1] NEW YORK (Reuters) – In 2014, as Jonathan Rubin and Ian Laird considered investing in the booming U.S. cannabis industry, they hit a problem: How to value pot starts-ups with little verified data on the price of the weed itself? FILE PHOTO: Employees prepare recreational marijuana orders for customers at the MedMen store in…
[ad_1] A massive company probably has plenty of engineers on staff and the resources to build a complex backbone of interconnected information that can contain tons of data and make acting on it easy — but for smaller companies, and for those that aren’t technical, those tools aren’t very accessible. That’s what convinced Howie Liu…
[ad_1] (Reuters) – U.S. stock index futures pointed to a flat opening for Wall Street on Thursday as fears that President Donald Trump’s decision to impose fresh tariffs on China may escalate into a trade war weighed on the markets. A trader works on the trading floor at the New York Stock Exchange (NYSE) in…
[ad_1] LONDON (Reuters) – Uber [UBER.UL] said on Thursday it will share data gathered from the millions of trips its cars make in London in the latest move to meet requests from the city’s regulator, which stripped the taxi app of its license last year. A photo illustration shows the Uber app on a mobile…
[ad_1] BRUSSELS (Reuters) – EU antitrust authorities will decide by April 23 whether to clear iPhone maker Apple’s buy of British music discovery app Shazam, the European Commission said on Thursday. A 3D printed Apple logo is seen in front of a displayed European Union flag in this illustration taken September 2, 2016. REUTERS/Dado Ruvic/Illustration…
[ad_1] SEOUL (Reuters) – General Motors’ (GM.N) South Korean union said on Thursday that it will not demand a pay rise and bonuses this year, but instead wants the U.S. automaker to provide a future production plan and job security. FILE PHOTO: The main gate to GM Korea’s Gunsan factory is seen in Gunsan, South…
[ad_1] SEOUL (Reuters) – General Motors’ (GM.N) South Korean union said on Thursday that it will not demand a pay rise for this year, but instead wants the U.S. automaker to provide a future production plan and job security. FILE PHOTO: The main gate to GM Korea’s Gunsan factory is seen in Gunsan, South Korea…
[ad_1] With the retirement of thousands of tradespeople looming through the middle of the next decade, Alberta’s oil and gas sector could soon face new shortages for skilled labour, reigniting calls for more people to enlist in the trades to help fill the future gap. Jim Carter, a former president of Syncrude and advocate for trades education, says a rising tide of baby boomers…
[ad_1] BRUSSELS (Reuters) – The European Ombudsman called on the EU executive on Thursday to review whether its former president, Jose Manuel Barroso, ought to be working for Goldman Sachs after complaints that he was harming the EU’s image. FILE PHOTO: utgoing European Commission President Jose Manuel Barroso addresses a news conference at the EU…
[ad_1] (Reuters) – Toys ‘R’ Us Inc, the iconic toy retailer, will shutter or sell its stores in the United States after failing to find a buyer or reach a deal to restructure billions in debt, putting at risk about 30,000 jobs. The closure is a blow to generations of consumers and hundreds of toy…
[ad_1] LONDON (Reuters) – Britain’s third biggest company Unilever (ULVR.L) (UNc.AS) will scrap its London corporate headquarters and make Rotterdam its sole legal home in a blow to Prime Minister Theresa May’s government almost one year to the day before Brexit. The Unilever building is seen in London, Britain March 13, 2018. REUTERS/Peter Nicholls The…
[ad_1] WASHINGTON (Reuters) – U.S. regulators are preparing to sanction Wells Fargo for receiving commissions on auto insurance policies it helped force on more than half a million drivers, people with direct knowledge of the probes told Reuters. FILE PHOTO: A Wells Fargo branch is seen in the Chicago suburb of Evanston, Illinois, U.S. February…
[ad_1] LONDON (Reuters) – Unilever (ULVR.L)(UNc.AS), Britain’s third-biggest company, will scrap its London corporate headquarters and make Rotterdam its sole legal home in a blow to Prime Minister Theresa May’s government ahead of Brexit. FILE PHOTO: The logo of the Unilever group is seen at the Miko factory in Saint-Dizier, France, May 4, 2016. REUTERS/Philippe…
[ad_1] (Reuters) – Toys ‘R’ Us Inc, the iconic toy retailer, is shuttering its 735 U.S. stores after failing to find a buyer or reach a deal to restructure billions in debt, putting about 30,000 people out of jobs. The closure is a blow to generations of consumers and hundreds of toy makers that sold…
[ad_1] SHANGHAI (Reuters) – U.S. chipmaker Qualcomm Inc (QCOM.O), blocked this week from a takeover bid amid national security fears, was already walking a Pacific tightrope: it has government and defense contracts in America, but two-thirds of its revenue comes from China. FILE PHOTO: A sign on the Qualcomm campus is seen in San Diego,…
[ad_1] TOKYO (Reuters) – Asian stocks sagged on Thursday while government bonds attracted safe-haven demand amid mounting investor concerns that growing trade tensions will hurt the global economy. FILE PHOTO: A man looks at an electronic board showing market indices outside a brokerage in Tokyo, Japan, March 2, 2016. REUTERS/Thomas Peter Spreadbetters expected European equities…
[ad_1] NEW YORK/CHICAGO (Reuters) – Walmart Inc’s patent filings hint that it may see a future where farmers use its drones to not only spot crop problems but selectively apply chemicals or even disperse pollen to bring shoppers the freshest and cheapest food possible. FILE PHOTO: A Walmart store is seen in Encinitas, California, U.S.…
[ad_1] (Reuters) – Amazon.com Inc’s top television shows drew more than 5 million people worldwide to its Prime shopping club by early 2017, according to company documents, revealing for the first time how the retailer’s bet on original video is paying off. FILE PHOTO: Passengers board a 42nd Street Shuttle subway train, wrapped with advertising…
[ad_1] NEW YORK (Reuters) – A long rally in technology stocks has left investors thirsting for more, but that could be a mistake as the strengthening U.S. economy points to better value in other stocks. FILE PHOTO: Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City,…
[ad_1] (Reuters) – Toys ‘R’ Us Inc, the iconic U.S. toy retailer, is liquidating all its U.S. stores after failing to find a buyer or reach a restructuring deal with creditors to push its indebted business out of bankruptcy, the company said on Thursday. The company also said it is engaged in discussions with some…
[ad_1] WASHINGTON (Reuters) – The Trump administration is pressing China to cut its trade surplus with the United States by $100 billion, a White House spokeswoman said on Wednesday, clarifying a tweet last week from President Donald Trump. Last Wednesday, Trump tweeted that China had been asked to develop a plan to reduce its trade…
[ad_1] Toys “R” Us is headed toward shuttering its U.S. operations, jeopardizing the jobs of some 30,000 employees while spelling the end for a chain known to generations of children and parents for its sprawling stores and Geoffrey the giraffe mascot. The closing of the company’s 740 U.S. stores over the coming months will finalize…
[ad_1] TOKYO (Reuters) – Stock markets slipped broadly on Thursday while government bonds attracted safe-haven demand amid mounting investor concerns that growing trade tensions would hurt the global economy. A man looks at an electronic board showing market indices outside a brokerage in Tokyo, Japan, March 2, 2016. REUTERS/Thomas Peter MSCI’s broadest index of Asia-Pacific…
[ad_1] WASHINGTON (Reuters) – The U.S. Senate voted 67 to 31 on Wednesday to ease bank rules, bringing Congress a step closer to passing the first rewrite of the Dodd-Frank reform law enacted after the 2007-2009 global financial crisis. The U.S. Capitol building is seen in Washington, U.S., February 8, 2018. REUTERS/ Leah Millis The…
[ad_1] (Reuters) – Bankrupt Toys ‘R’ Us Inc is preparing to sell or close all 885 stores in its U.S. chain, risking up to 33,000 jobs, after failing to reach a deal to restructure billions of dollars in debt, a person familiar with the matter said on Wednesday. People pass by the Toys R Us…
[ad_1] TOKYO (Reuters) – Stock markets sagged broadly on Thursday while government bonds attracted safe-haven demand amid mounting investor concerns that growing trade tensions would hurt the global economy. A man looks at an electronic board showing market indices outside a brokerage in Tokyo, Japan, March 2, 2016. REUTERS/Thomas Peter MSCI’s broadest index of Asia-Pacific…
[ad_1] MOSCOW (Reuters) – Russian gas giant Gazprom will cut hundreds of jobs at its overseas trading and export offices, including Britain, and move them to St Petersburg, according to two sources familiar with the plan, which comes at a time of rising tensions with the West. The logo of Gazprom is pictured at the…
[ad_1] (Reuters) – Bankrupt Toys ‘R’ Us Inc is preparing to sell or close all 885 stores in its U.S. chain, risking up to 33,000 jobs, after failing to reach a deal to restructure billions of dollars in debt, a person familiar with the matter said on Wednesday. People pass by the Toys R Us…
[ad_1] WASHINGTON (Reuters) – U.S. television commentator and conservative economic analyst Larry Kudlow will replace Gary Cohn as President Donald Trump’s top economic adviser, the White House and Kudlow said on Wednesday, adding another loyalist to Trump’s inner circle. Kudlow, a Republican who served as an economic adviser to former President Ronald Reagan in the…
[ad_1] WASHINGTON (Reuters) – The U.S. Senate voted 67 to 31 on Wednesday to ease bank rules, bringing Congress a step closer to passing the first rewrite of the Dodd-Frank reform law enacted after the 2007-2009 global financial crisis. The U.S. Capitol building is seen in Washington, U.S., February 8, 2018. REUTERS/ Leah Millis The…
[ad_1] (Reuters) – Wells Fargo & Co (WFC.N) Chief Executive Tim Sloan’s made $17.6 million in 2017, up 35 percent from the previous year, despite opting out of the bank’s annual incentive plan. FILE PHOTO – Wells Fargo & Company CEO and President Tim Sloan testifies before the Senate Banking Committee on Capitol Hill in…
[ad_1] TypingDNA has a new approach to verifying your identity based on how you type. The startup, which is part of the current class at Techstars NYC, is pitching this as an alternative to two-factor authentication — namely, the security feature that sends unique codes to a separate device (usually your phone) to make sure…
[ad_1] The bottled water industry is estimated to be worth nearly $200 billion a year, surpassing sugary sodas as the most popular beverage in many countries. But its perceived image of cleanliness and purity is being challenged by a global investigation that found the water tested is often contaminated with tiny particles of plastic. “Our love…
[ad_1] (Reuters) – Tesla Inc said the number of labor hours needed to produce its Model S and Model X cars have decreased considerably, following the latest report of quality problems that could prevent the carmaker from hitting its production targets. The body of a Tesla Model S is transported by an automated crane at…
[ad_1] NEW YORK (Reuters) – U.S. stocks fell on Wednesday after President Donald Trump sought to impose fresh tariffs on China, intensifying fears of a trade war that could raise costs and hurt overseas sales for U.S. companies. A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New…
[ad_1] (Reuters) – Wells Fargo & Co (WFC.N) Chief Executive Officer Tim Sloan’s total compensation for 2017 was $17.6 million, about 35 percent higher than the previous year, the third largest U.S. bank said in a regulatory filing on Wednesday. FILE PHOTO – Wells Fargo & Company CEO and President Tim Sloan testifies before the…
[ad_1] (Reuters) – Toys “R” Us stores will disappear from Britain’s shopping streets within six weeks, joint administrators for the retailer said on Wednesday, announcing plans to close the group’s remaining 75 shops. FILE PHOTO: Closing down signs are seen outside the Toys R Us store in Coventry, Britain, March 13, 2018. REUTERS/Hannah McKay/File Photo…
[ad_1] (Reuters) – Online platforms such as Google (GOOGL.O), Apple (AAPL.O) and Amazon (AMZN.O) face new European Union rules on their commercial practices with smaller businesses that use their services, as Brussels seeks to curtail their huge market power. A man looks at the screen of his mobile phone in front of an Apple logo…
[ad_1] NEW YORK (Reuters) – U.S. stocks fell on Wednesday after President Donald Trump sought to impose fresh tariffs on China, intensifying fears of a trade war that could raise costs and hurt overseas sales for U.S. companies. A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New…
[ad_1] LOS ANGELES (Reuters) – Walt Disney Co (DIS.N) said on Wednesday it had created a new unit for its streaming video and international businesses as the company retools its traditional media operation for a world rapidly embracing online video. A screen shows the logo and a ticker symbol for The Walt Disney Company on…
[ad_1] NEW YORK (Reuters) – U.S. stocks fell on Wednesday after President Donald Trump sought to impose fresh tariffs on China, intensifying fears of a trade war that could raise costs and hurt overseas sales for U.S. companies. A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New…
[ad_1] WASHINGTON (Reuters) – U.S. television commentator and conservative economic analyst Larry Kudlow said on Wednesday that President Donald Trump had picked him to replace Gary Cohn as the top White House economic adviser. FILE PHOTO – Economic analyst Lawrence “Larry” Kudlow appears on CNBC at the New York Stock Exchange, (NYSE) in New York,…
[ad_1] (Reuters) – Chipotle Mexican Grill Inc’s (CMG.N) chief marketing and strategy officer has resigned, the company said on Wednesday, just nine days after former Taco Bell head Brian Niccol took the helm at the troubled U.S. burrito chain. Mark Crumpacker, Chipotle Mexican Grill Inc’s chief marketing and strategy officer, is seen in this undated…
[ad_1] MILAN (Reuters) – Telecom Italia’s (TLIT.MI) main shareholder Vivendi (VIV.PA) believes in the phone company’s new strategic plan but is ready to consider any move supported by shareholders to boost its share price, a Vivendi spokesman told Reuters on Wednesday. FILE PHOTO – The Vivendi logo is pictured at the main entrance of the…
[ad_1] WASHINGTON (Reuters) – Embattled blood-testing company Theranos Inc and its Chief Executive Elizabeth Holmes agreed to settle “massive fraud” charges in a deal that strips her of majority control among other penalties, U.S. regulators said on Wednesday. FILE PHOTO: Elizabeth Holmes, founder and CEO of Theranos, speaks at the Wall Street Journal Digital Live…
[ad_1] As the grocery wars heat up with companies across the country ramping up their delivery and e-commerce efforts, Sobeys’ parent company is looking to play the long game. Empire Co. Ltd. is waiting for the spring of 2020 to roll out its online grocery business that will be run in partnership with British firm…
[ad_1] WASHINGTON (Reuters) – U.S. retail sales fell for a third straight month in February as households cut back on purchases of motor vehicles and other big-ticket items, prompting analysts to downgrade their first-quarter economic growth forecasts. A woman shops at Brookfield Place in Lower Manhattan in New York City, U.S., December 1, 2017. REUTERS/Brendan…
[ad_1] (Reuters) – The Dow Jones Industrial Average fell more than 250 points, or 1 percent, on Wednesday as industrial stocks tumbled over growing fears of a trade war with China after President Donald Trump sought to impose fresh tariffs. A trader works on the trading floor at the New York Stock Exchange (NYSE) in…
[ad_1] Theranos Inc and its Chief Executive Elizabeth Holmes have agreed to settle fraud charges in a deal that strips her of control over the embattled blood-testing company, among other penalties, U.S. regulators said on Wednesday. As part of the settlement, the Securities and Exchange Commission said Holmes must also return millions of shares to…
[ad_1] LONDON (Reuters) – One of the biggest bitcoin exchanges has struck a rare deal which will allow it to open a bank account with Britain’s Barclays, making it easier for UK customers of the exchange to buy and sell cryptocurrencies, the UK boss of the exchange said on Wednesday. Workers are seen in at…
[ad_1] United Airlines says it’s investigating after mistakenly flying a Kansas family’s dog to Japan. KCTV reports that Kara Swindle and her two children flew from Oregon to Kansas City, Missouri, Tuesday on a United flight. They went to a cargo facility to pick up 10-year-old Irgo, a German shepherd, but were instead given a…
[ad_1] (Reuters) – The Dow Jones Industrial Average shed more than 250 points on Wednesday as U.S. manufacturers continued to suffer from concerns over the impact of new tariffs on trade. Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 2, 2018. REUTERS/Andrew Kelly Boeing’s…
[ad_1] Questions are being raised about how prepared flight crews are to deal with medical emergencies after an elderly man died on a WestJet flight from Hawaii to Calgary last week. The flight left Honolulu late at night on March 7 and was scheduled to land in Calgary the morning of March 8. Midway through the flight,…
[ad_1] Microsoft today announced its plans for a major expansion of the Microsoft Cloud with the launch of its first cloud regions in the Middle East. These new regions, which are scheduled to go online in 2019, will be located in Abu Dhabi and Dubai and will host the company’s usual Azure, Office 365 and Dynamics…
[ad_1] The U.S. Securities and Exchange Commission has charged a former chief information officer with Equifax for selling shares in the company shortly before news of a massive data breach of the personal information of 148 million Americans became public in September. According to the SEC, Jun Ying, who was chief information officer of one of the…
[ad_1] Alphabet Inc’s Google said on Wednesday it will ban advertisements for cryptocurrencies and related content starting in June. Under the new policy, the company will ban ads for unregulated or speculative financial products like binary options, cryptocurrency and financial spread betting among others. In a separate blog post, Google said it took down 3.2…
[ad_1] The first time Waseem Daher, Jessica McKellar, and Jeff Arnold worked together on a startup, they built one that allowed administrators to patch security updates to a system without having to restart it. So it might come as a bit of a surprise that the next big technical challenge the three MIT graduates want to…
[ad_1] Ford is recalling nearly 1.4 million mid-size cars, including 62,479 in Canada, because the steering wheel can detach from the steering column, causing drivers to lose control of the vehicle. The recall covers certain Ford Fusion and Lincoln MKZ cars from the 2014 through 2018 model years. Affected vehicles include: 2014-17 Ford Fusion vehicles built at Flat…
[ad_1] HONG KONG (Reuters) – China’s sovereign wealth fund China Investment Corp (CIC) has sold its equity holding in Blackstone Group LP (BX.N), the U.S. private equity firm said in a filing, ending an 11-year investment. FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded…
[ad_1] WASHINGTON (Reuters) – U.S. retail sales fell for a third straight month in February as households cut back on purchases of motor vehicles and other big-ticket items, pointing to a slowdown in economic growth in the first quarter. A woman shops at Brookfield Place in Lower Manhattan in New York City, U.S., December 1,…
[ad_1] MEXICO CITY (Reuters) – Mexico’s Cemex said on Wednesday that it had received information requirements from the U.S. Department of Justice (DOJ) over its operations in Colombia and other jurisdictions. Cement silos of Mexican cement maker CEMEX is pictured in Monterrey, Mexico, July 11, 2017. REUTERS/Daniel Becerril The investigation comes after the company said…
[ad_1] (Reuters) – U.S. stock index futures signaled a rebound for Wall Street on Wednesday, a day after the main indexes fell more than half a percent on fears of political and trade uncertainties. Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 2, 2018.…
[ad_1] Apps that allow home chefs to sell dishes prepared in their personal kitchens have cropped up in Canada, but uncertainties about health regulations and the strength of consumer demand are raising questions about whether the business models are blue ribbon-worthy or half-baked fads. Food-sharing platform LaPiat, which plans to launch in April, provides a…
[ad_1] First lady Melania Trump is bringing together tech giants to talk about ways to fight cyberbullying and promote internet safety, representatives of three U.S. firms say. (John Minchillo/Associated Press) U.S. first lady Melania Trump is bringing together tech giants to talk about ways to fight cyberbullying and promote internet safety, representatives of three companies…
[ad_1] (Reuters) – Singapore-based Broadcom Ltd withdrew its $117 billion bid to acquire Qualcomm Inc on Wednesday, two days after U.S. President Donald Trump blocked the attempt citing national security concerns. Broadcom Limited company logo is pictured on an office building in Rancho Bernardo, California May 12, 2016. REUTERS/Mike Blake The company said it has…
[ad_1] MILAN (Reuters) – Italy’s defence group Leonardo (LDOF.MI) said on Wednesday it would act as prime contractor in a 3 billion euro ($3.71 billion) helicopter deal Qatar’s Ministry of Defence signed with the NHI Consortium. A hostess walks past a Leonardo’s helicopter logo at the headquarters in Vergiate, near Milan, Italy, January 30, 2018.…
[ad_1] MADRID (Reuters) – Spain’s ACS (ACS.MC) and Italy’s Atlantia (ATL.MI) agreed terms on Wednesday to jointly take over Abertis (ABE.MC), ending a potential bidding war for the Spanish highway concessions group. FILE PHOTO: Toll road operator Abertis´headquarters is seen in Barcelona, Spain, October 9, 2017. REUTERS/Eric Gaillard/File Photo Under the new terms, Atlantia will…
[ad_1] STRASBOURG, France (Reuters) – The European Union will focus on securing an exemption from U.S. metals tariffs rather than provoking a trade war, a senior European Commission official said on Wednesday. European Commission Vice President Jyrki Katainen addresses the European Parliament during a debate on the US decision to impose tariffs on steel and…
[ad_1] LONDON (Reuters) – Prudential (PRU.L) is to spin its British and European business off from its international operations, breaking up the 170-year-old insurer in the latest shake-up in a fast-changing industry. FILE PHOTO: The logo of British life insurer Prudential is seen on their building, in London October 21, 2008. REUTERS/Stephen Hird /File Photo…
[ad_1] SHANGHAI (Reuters) – Most Chinese investors expect regulators to relax rules on initial public offerings (IPOs) by technology companies, and would like to invest in such domestic listings, the Shenzhen Stock Exchange said on Wednesday, citing a recent survey. FILE PHOTO: An investor looks at an electronic screen at a brokerage house in Hangzhou,…
[ad_1] BERLIN (Reuters) – German airline group Lufthansa (LHAG.DE) has extended the contract of its Chief Executive Carsten Spohr for a further five years, with the manager set to report another record year in terms of financial results later this week. FILE PHOTO – Lufthansa Chief Executive Officer Carsten Spohr attends the annual shareholders meeting…
[ad_1] LONDON (Reuters) – World shares slipped for the second straight day and the dollar held near one-week lows after U.S. President Donald Trump’s threats to slap $60 billion in tariffs on Chinese imports reminded investors of the threat to world economic growth. FILE PHOTO – A man walks past an electronic stock quotation board…
[ad_1] WOLFSBURG, Germany (Reuters) – Volkswagen’s (VOWG_p.DE) core autos division said costs for its electric-car program, technology and a new emissions testing procedure will stand in the way of major profitability gains this year and in future. FILE PHOTO: The logo of Volkswagen is seen during the 88th International Motor Show at Palexpo in Geneva,…
[ad_1] SAN FRANCISCO (Reuters) – As U.S. President Donald Trump forges ahead with his controversial trade policies, even financial experts who enthusiastically applaud many of Trump’s other policies are worried that the protectionist measures could hurt U.S. growth, Reuters interviews with more than two dozen such specialists show. FILE PHOTO: U.S. President Donald Trump speaks…
[ad_1] JOHANNESBURG (Reuters) – South African competition watchdog charged Takata Corp with price fixing on Wednesday, another blow to the Japanese auto safety products maker in the throes of a massive airbag scandal. FILE PHOTO: A woman stands next to a logo of Takata Corp at a showroom for vehicles in Tokyo, Japan, November 6,…
[ad_1] Canada’s privacy commissioner wants to know why Loblaws is demanding some customers hand over a copy of their driver’s licence or hydro bill to get their $25 gift card. The commissioner’s request follows a CBC News report on customer outrage over the extra step to claim their rebate. In January, Loblaws started offering $25 gift cards after admitting its role in a price-fixing scandal in which the price of…
[ad_1] If you want to stop climate change — and most Canadians say they do — economists insist they know the most efficient way of making it happen. But as provincial opposition parties in two of Canada’s biggest provinces seek to eject sitting governments, both will be running on a policy that says no to carbon taxes. Speaking on…
[ad_1] SEOUL (Reuters) – South Korea’s state-run Korea Development Bank said on Wednesday it would provide short-term loans to General Motors’ (GM.N) South Korean unit after April, should the company cooperate with due diligence. FILE PHOTO: The main gate to GM Korea’s Gunsan factory is seen in Gunsan, South Korea February 13, 2018. Yonhap via…
[ad_1] SYDNEY (Reuters) – Shares faltered and the dollar skidded on Wednesday as investors fretted over the threat of new U.S. tariffs on Chinese imports, brushing aside data that showed the Asian economy got off to a solid start in 2018. FILE PHOTO – A man walks past an electronic stock quotation board outside a…
[ad_1] BEIJING (Reuters) – China’s industrial output grew much faster than expected at the start of the year, suggesting the economy may be picking up momentum even as U.S. President Donald Trump readies hefty tariffs against one its most strategic growth drivers — technology. FILE PHOTO: A labourer cuts steel bars at a railway bridge…
[ad_1] NEW YORK (Reuters) – U.S. airlines will carry an all-time high number of passengers this spring, an industry trade group forecast on Wednesday, as increased competition and persistently lower fares make flying more accessible to the general public. FILE PHOTO: An American Airlines flight lands at Logan International Airport in Boston, Massachusetts, U.S. January…
[ad_1] MELBOURNE (Reuters) – ExxonMobil Corp said on Wednesday it is likely to resume paying corporate tax in Australia only in 2021, after recouping billions of dollars in investments made in the country in the past decade. Protesters against ExxonMobil Corp carry banners and chant slogans as they march to the venue of an Australian…
[ad_1] SYDNEY (Reuters) – Asian shares faltered on Wednesday amid fears of rising U.S. protectionism as President Donald Trump fired his Secretary of State, regarded as a moderate in his administration, and sought to impose hefty tariffs on Chinese imports. FILE PHOTO – A man walks past an electronic stock quotation board outside a brokerage…
[ad_1] It seems that everyone agrees that meetings are a time suck. There have been many attempts to use technology to make it easier to organize and run them, but Voicera, a Bay area startup, is attacking the problem from a different angle. It wants to make it simpler to record meetings and pull out action…
[ad_1] SINGAPORE (Reuters) – Oil prices edged up on Wednesday after posting two days of declines at the start of the week. FILE PHOTO – A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy Nicholson/File Photo Support came from a report that U.S. crude inventories are not rising as much…
[ad_1] S&P Global announced today that it will acquire Kensho, a Cambridge, Massachusetts startup that has concentrated on artificial intelligence and analytics for big financial institutions. The total value of the deal is $550 million in a mix of cash and stock. Kensho, which counted S&P Global as a client/partner and an investor, launched in 2013…
[ad_1] (Reuters) – Singapore-based Broadcom Ltd (AVGO.O) is planning to scrap its bid for Qualcomm Inc (QCOM.O), after U.S. President Donald Trump blocked the chipmaker’s proposed acquisition on national security grounds earlier this week, although it will press on with its plan to move its base to the United States, according to sources familiar with…
[ad_1] Trina Chiasson says a lot of cricket farmers will talk about how figuring out when they are laying their eggs is an art — and she hopes to turn it into a science. She and her co-founder James Ricci started Ovipost, a new startup looking to optimize the right conditions for a cricket grower…
[ad_1] WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump is seeking to impose tariffs on up to $60 billion of Chinese imports and will target the technology and telecommunications sectors, two people who had discussed the issue with the Trump administration said on Tuesday. U.S. President Donald Trump speaks with the media before boarding Marine One…
[ad_1] NEW YORK (Reuters) – Before Goldman Sachs Group Inc (GS.N) operating chief David Solomon takes the next step in his career, the 56-year-old banker will have to prove that a strategy he has championed to increase annual revenue by $5 billion can actually work. FILE PHOTO – David M. Solomon, President and Co-Chief Operating…
[ad_1] WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump is seeking to impose tariffs on up to $60 billion of Chinese imports and will target the technology and telecommunications sectors, two people who had discussed the issue with the Trump administration said on Tuesday. U.S. President Donald Trump speaks with the media before boarding Marine One…
[ad_1] SINGAPORE (Reuters) – Oil prices stabilised early on Wednesday after posting two days of falls at the start of the week. FILE PHOTO – A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy Nicholson/File Photo Support on Wednesday came from a report that U.S. crude inventories are not rising…
[ad_1] SYDNEY (Reuters) – Asian shares eased on Wednesday amid fears of rising U.S. protectionism as President Donald Trump fired his Secretary of State, regarded as a moderate in his administration, and eyes hefty tariffs on Chinese imports. FILE PHOTO – A man walks past an electronic stock quotation board outside a brokerage in Tokyo,…
[ad_1] NEW YORK (LPC) – A dozen banks that signed on to provide a record US$100bn bridge loan to back Broadcom Ltd’s planned US$117bn takeover of Qualcomm Inc will earn starkly less than planned for extending credit to the chipmaker after US President Donald Trump on Monday blocked the deal over national security concerns. A…
[ad_1] WASHINGTON (Reuters) – AT&T Inc (T.N) can cite a voluntary commitment not to withhold content in licensing talks as a key part of its defense when an antitrust trial begins next week over the fate of the company’s planned $85 billion merger with Time Warner Inc (TWX.N), U.S. District Judge Richard Leon said on…
[ad_1] WASHINGTON (Reuters) – General Motors chairman and chief executive Mary Barra met on Tuesday with U.S. regulatory chiefs, weeks before the Trump administration plans to decide whether to revise landmark fuel efficiency standards through 2025. FILE PHOTO – General Motors Chairman and CEO Mary Barra speaks at GM’s press conference at the North American…
[ad_1] LONDON/MADRID (Reuters) – Goldman Sachs (GS.N) is moving one of its senior London-based dealmakers to Madrid as part of a plan to strengthen its European network ahead of Brexit, sources familiar with the matter said. FILE PHOTO – The logo of Goldman Sachs is displayed in their office located in Sydney, Australia, May 18,…
[ad_1] WASHINGTON (Reuters) – Executives from Honda Motor Co (7267.T), Ford Motor Co (F.N) and Key Safety Systems will testify at a March 20 hearing on the ongoing massive Takata Corp (TKTDQ.PK) air bag inflator recalls of more than 60 million vehicles, committee aides briefed on the matter said Tuesday. FILE PHOTO: A woman stands…
[ad_1] WASHINGTON (Reuters) – Two of Wall Street’s largest Washington-based trade groups said on Tuesday that they were merging, as big banks rethink their lobbying strategies under the business-friendly administration of U.S. President Donald Trump. FILE PHOTO – The Bank of America building is shown in down town Los Angeles, California, U.S., March 6, 2017.…
[ad_1] NEW YORK (Reuters) – Wall Street’s major indexes fell on Tuesday as the dismissal of U.S. Secretary of State Rex Tillerson and the possibility of additional U.S. import tariffs against China dragged down stocks across sectors. Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S.,…
[ad_1] WILMINGTON, Del (Reuters) – A lawyer for investors in Lynn Tilton’s distressed debt empire told a U.S. judge on Tuesday that his clients plan to challenge her plan to use a bankruptcy filing to end years of legal battles over her private equity portfolio. FILE PHOTO: New York financier Lynn Tilton arrives for an…
[ad_1] NEW YORK (Reuters) – Wall Street’s major indexes fell on Tuesday as the dismissal of Secretary of State Rex Tillerson and the possibility of additional tariffs dragged down stocks across sectors. Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 2, 2018. REUTERS/Andrew Kelly…
[ad_1] Mike Pompeo is U.S. President Donald Trump’s nominee to be the new Secretary of State — and Canada is not likely to be at the top of Pompeo’s priority list. The planned meeting between Trump and North Korean leader Kim Jong-Un and ongoing tensions with Russia over election interference are clearly going to be far more…
[ad_1] ZURICH (Reuters) – Credit Suisse Chief Executive Tidjane Thiam has no intention of stepping down, he said in an interview with Swiss newspaper Finanz und Wirtschaft published on Tuesday. FILE PHOTO – Chief Executive Tidjane Thiam of Swiss bank Credit Suisse awaits a news conference to present the company’s full-year results, in Zurich, Switzerland,…
[ad_1] NEW YORK (Reuters) – Wall Street’s major indexes fell on Tuesday as uncertainty in Washington stemming from the dismissal of Secretary of State Rex Tillerson dragged down stocks across sectors. Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 2, 2018. REUTERS/Andrew Kelly U.S.…
[ad_1] The Canadian dollar came under renewed selling pressure on Tuesday morning, falling half a cent after Bank of Canada Governor Stephen Poloz’s speech suggested the pace of interest rates hikes may become more gradual as the economy expands without triggering inflation. The loonie fell from 77.87 cents US to 77.37 cents after Poloz started giving a speech about the labour market…
[ad_1] (Reuters) – Dick’s Sporting Goods Inc (DKS.N), a U.S. retailer of camping supplies, sporting goods and guns, on Tuesday warned that its decision to tighten gun sales could weigh on 2018 results. A general view of Dick’s Sporting Goods store in Stroudsburg, Pennsylvania, U.S., February 28, 2018. REUTERS/Eduardo Munoz Shares of the company, which…
[ad_1] LONDON (Reuters) – Britain said it was considering taxing the revenues of internet companies like Facebook (FB.O) and Google (GOOGL.O) until international tax rules are changed to cope with digital firms that can shift sales and profits between jurisdictions. A giant logo is seen at Facebook’s headquarters in London, Britain, December 4, 2017. REUTERS/Toby…
[ad_1] WASHINGTON (Reuters) – The U.S. Justice Department wants a judge to bar AT&T Inc (T.N) from using a voluntary commitment it made on licensing content as part of its defense when an antitrust trial begins next week over the fate of the company’s planned $85 billion merger with Time Warner Inc (TWX.N), court documents…
[ad_1] (Reuters) – Losses in technology stocks weighed on Wall Street’s main indexes on Tuesday as investors booked profits following the recent strong run and uncertainty in Washington after another high-profile exit from the Trump administration. Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March…
[ad_1] BERLIN (Reuters) – Volkswagen (VOWG_p.DE) has picked partners to provide battery cells and related technology worth around 20 billion euros ($25 billion) for its growing electric car program, adding further pressure on U.S. pioneer Tesla (TSLA.O). Until its“dieselgate” emissions scandal was revealed two and a half years ago, Europe’s largest automaker had been slow…
[ad_1] WASHINGTON (Reuters) – U.S. consumer prices increased marginally in February amid a decline in gasoline prices and a moderation in the cost of rental accommodation, the latest indication that an anticipated pickup in inflation likely will be only gradual. Strong inflation numbers in January had sparked fears that price pressures were accelerating, leading financial…
[ad_1] Rising consumer debt loads aren’t a problem for Canadian banks yet, but they soon could be, according to a new report from rating agency Moody’s. In a report released Tuesday morning, the agency warns that the credit quality of Canada’s biggest lenders is under threat in part due to longer terms on car loans, and the more…
[ad_1] The Canadian economy will grow even faster than previously expected this year, according to the OECD, as strong global growth spurs investment and trade. The Paris-based Organisation for Economic Co-operation and Development (OECD) raised its growth forecast for Canada to 2.2 per cent in 2018, up from 2.1 per cent it had forecast in November. “Macroeconomic…
[ad_1] WASHINGTON (Reuters) – U.S. consumer price growth slowed in February amid a decline in gasoline prices and a moderation in the cost of rental accommodation, the latest indication that an anticipated pickup in inflation probably will be only gradual. A woman pumps gas at a station in Falls Church, Virginia December 16, 2014. REUTERS/Kevin…
[ad_1] Rising consumer debt loads aren’t a problem for Canadian banks yet, but they soon could be, according to a new report from rating agency Moody’s. In a report released Tuesday morning, the agency warns that the credit quality of Canada’s biggest lenders is becoming more vulnerable thanks to longer terms on auto loans, and a…
[ad_1] (Reuters) – Broadcom Ltd’s (AVGO.O) Chief Executive Hock Tan is unlikely to put the brakes on his acquisition spree after the microchip maker’s $117 billion bid for Qualcomm Inc (QCOM.O) was blocked by U.S. President Donald Trump on national security grounds, analysts said on Tuesday. Hock Tan, CEO of Broadcom, speaks on the floor…
[ad_1] (Reuters) – Wall Street’s main indexes rose on Tuesday as fears of faster interest rate hikes eased after a tepid U.S. consumer prices data and investors shrugged off news of U.S. Secretary of State Rex Tillerson’s ouster. Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City,…
[ad_1] (Reuters) – Broadcom Ltd (AVGO.O), led by dynamic Chief Executive Hock Tan, is unlikely to put the brakes on an acquisition spree after its $117 billion bid for Qualcomm Inc (QCOM.O) was blocked by U.S. President Donald Trump on national security grounds. Hock Tan, CEO of Broadcom, speaks on the floor of the New…
[ad_1] Loblaw Companies Ltd. and Imperial Oil Ltd. have signed a deal that will allow PC Optimum members to earn points at more than 1,800 Esso gas stations starting this summer. The company says members will earn 10 points per litre on fuel as well as 10 points per dollar on eligible convenience store purchases…
[ad_1] COPENHAGEN (Reuters) – Danish shipping group A.P. Moller-Maersk’s (MAERSKb.CO) is betting on winning new customers for its port division by becoming a one-stop shop that can transport goods from factory to retailers’ shelves. FILE PHOTO: Labourers work at the Yangshan Deep Water Port, part of the Shanghai Free Trade Zone, in Shanghai, China, September…
[ad_1] (Reuters) – U.S. stock indexes were set to open higher on Tuesday as a decline in expectations for the pace of interest rate rises outweighed news of Rex Tillerson’s ouster as U.S. Secretary of State. Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March…
[ad_1] Consumer prices increased at a modest pace in February, underscoring that inflation pressures appear to be muted for now. The Labor Department says the consumer price index increased 0.2 per cent last month, after a sharp 0.5 per cent gain in January. Core prices — which exclude the volatile food and energy categories —…
[ad_1] WASHINGTON, (Reuters) – U.S. consumer prices cooled in February amid a decline in gasoline prices and a moderation in the cost of rental accommodation, the latest indication that an anticipated pickup in inflation probably will be only gradual. FILE PHOTO – A shopper walks down an aisle in a newly opened Walmart Neighborhood Market…
[ad_1] LONDON (Reuters) – World shares inched higher on Tuesday, eking out limited gains as investors kept a wary eye on a U.S. inflation reading later in the day that could offer clues on the pace of Federal Reserve interest rate hikes this year. FILE PHOTO – A man walks past an electronic stock quotation…
[ad_1] (Reuters) – Apple Inc and Alphabet Inc’s Google corporate brands dropped in an annual survey while Amazon.com Inc maintained the top spot for the third consecutive year, and electric carmaker Telsa Inc rocketed higher after sending a red Roadster into space. A woman looks at the screen of her mobile phone in front of…
[ad_1] LONDON (Reuters) – Oil giants Royal Dutch Shell and Eni have voluntarily filed to U.S. authorities internal probes into how they acquired a giant field in Nigeria as the companies seek to fight corruption allegations in Europe and Africa. FILE PHOTO – Staff members work at the booth of Royal Dutch Shell at Gastech,…
[ad_1] PIERRE, South Dakota (Reuters) – The woman walked into Cash Hogen’s hardware store last fall to ask a single question about a KitchenAid mixer on display: What did the manufacturer call that color scheme? “Tangerine,” replied Hogen. And with that, the woman walked out. It is a kind of customer interaction that happens often…
[ad_1] (Reuters) – Gordie Spater has been manufacturing dog harnesses for nearly 15 years on the northernmost reaches of the Massachusetts shoreline, but he is in high demand right now on Wall Street. His brand, Kurgo, occupies the sort of niche coveted by investors looking to profit from the U.S. pet economy, a range of…
[ad_1] WeWork — the co-working startup valued at $20 billion with some 200,000 members across 200 locations globally — is continuing with its strategy of expanding into a wide array of adjacent operations to grow its business. Today the company announced that it will be expanding the coding-focused Flatiron School abroad, starting in London this June.…
[ad_1] BERLIN (Reuters) – Volkswagen (VOWG_p.DE) has selected partners to provide battery cells and related technology worth around 20 billion euros ($24.7 billion) for electric-vehicle (EV) projects in Europe and China, pushing ahead with a shift to zero-emission cars. Volkswagen CEO Matthias Mueller (L) and CFO Frank Witter pose next to the self-driving car Sederic…
[ad_1] TUNBRIDGE WELLS, England (Reuters) – Fitness instructor Ed Lumsden was trying to log in to his online bank account last week when he discovered HSBC had closed it without warning. FILE PHOTO – The headquarters of HSBC bank in London’s Canary Wharf financial district, Britain, March 11, 2016. REUTERS/Russell Boyce/File Photo Lumsden, who counts…
[ad_1] The once sky-high aspirations to develop a liquefied natural gas (LNG) industry on Canada’s West Coast have crashed to the ground, but experts say the window of opportunity has yet to close as demand for the resource continues to rise around the globe. After several project delays and cancellations, the LNG industry has struggled to take off…
[ad_1] DUBAI/LONDON (Reuters) – Saudi Arabia is increasingly looking to just float oil giant Saudi Aramco locally as plans for an initial public offering (IPO) on an international exchange such as London or New York hang in the balance, sources close to the process said. FILE PHOTO: Logo of Saudi Aramco is seen at the…
[ad_1] LONDON (Reuters) – When temperatures rise and winds drop in the coming weeks, a band of explorers will hunt for copper riches in Mongolia’s Gobi Desert. FILE PHOTO: An employee looks at the Oyu Tolgoi mine in Mongolia’s South Gobi region June 23, 2012. REUTERS/David Stanway/File Photo For years Rio Tinto has been the…
[ad_1] TOKYO (Reuters) – Asian stocks edged up on Tuesday with technology shares buoyed by gains in their Wall Street peers, but gains were limited ahead of U.S. inflation data later in the day which could offer clues on the pace of interest rate rises this year. FILE PHOTO – A man walks past an…
[ad_1] BUENOS AIRES (Reuters) – Oil majors are evaluating bids for offshore exploration rights in Argentina, a major change in a country that sent Spanish energy giant Repsol (REP.MC) packing six years ago and has seen little offshore exploration for decades. People walk in front of a Shell gas station in Buenos Aires, Argentina, March…
[ad_1] SEOUL (Reuters) – General Motor (GM.N) on Tuesday asked South Korea to designate its factory site in the city of Bupyeong as a foreign investment zone to be eligible for corporate tax benefits, an official at Incheon Metropolitan City told Reuters. FILE PHOTO: Cars made by GM Korea are seen on trucks in a…
[ad_1] (Reuters) – Boeing Co (BA.N) is doubling down on its landmark new strategy designed to muscle in on the business of maintenance providers by making its next jet the laboratory for in-house services that could radically alter the global business model for selling planes. FILE PHOTO: President, Chairman and CEO of The Boeing Company…
[ad_1] SAN FRANCISCO (Reuters) – Women at Microsoft Corp working in U.S.-based technical jobs filed 238 internal complaints about gender discrimination or sexual harassment between 2010 and 2016, according to court filings made public on Monday. FILE PHOTO: The Microsoft logo is shown on the Microsoft Theatre in Los Angeles, California, U.S., June 13, 2017.…
[ad_1] TOKYO (Reuters) – Asian stocks stalled on Tuesday as Wall Street shares lost steam, while the dollar sagged on the back of declining U.S. yields. FILE PHOTO – A man walks past an electronic stock quotation board outside a brokerage in Tokyo, Japan, February 9, 2018. REUTERS/Toru Hanai Investors were focused on U.S. inflation…
[ad_1] (Reuters) – Yahoo has been ordered by a federal judge to face much of a lawsuit in the United States claiming that the personal information of all 3 billion users was compromised in a series of data breaches. A photo illustration shows a Yahoo logo on a smartphone in front of a displayed cyber…
[ad_1] SINGAPORE (Reuters) – Oil prices fell on Tuesday, extending falls from the previous day, as the relentless rise in U.S. crude output weighed on markets. FILE PHOTO – A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy Nicholson/File Photo U.S. West Texas Intermediate (WTI) crude futures CLc1 were at…
[ad_1] (Reuters) – Dropbox Inc (DBX.O) on Monday offered a price range for shares in its initial public offering that would value it at up to $7.1 billion, nearly a third below the valuation it commanded in 2014, a clear sign of how overheated the private tech market became a few years back. Cloud storage…
[ad_1] After getting delayed by at least a month or so following a regulatory investigation just days before the meeting was scheduled to take place, Qualcomm’s timetable to hold the meeting is now bumped up to ten days from now — and possibly before Broadcom may complete its move to the U.S. The new change…
[ad_1] NEW YORK (Reuters) – General Electric Co last year eliminated bonuses for its senior managers for the first time in its 126-year history, saving millions of dollars after losing money in 2017, the industrial conglomerate said on Monday. FILE PHOTO – General Electric Chief Executive Officer John Flannery presents the company’s new strategy and…
[ad_1] Microsoft Teams, the company’s team collaboration software and challenger to Slack, announced this morning — on its first anniversary — a suite of new features that will roll out to the software throughout 2018. This includes features that will allow users to record, transcribe and save meetings to the cloud, integrations with voice assistant…
[ad_1] TOKYO (Reuters) – Asian stocks stalled on Tuesday, halting an earlier rally after Wall Street shares lost steam, while the dollar sagged on the back of declining U.S. yields. FILE PHOTO – A man walks past an electronic stock quotation board outside a brokerage in Tokyo, Japan, February 9, 2018. REUTERS/Toru Hanai MSCI’s broadest…
[ad_1] The massive fight over the fate of Qualcomm, which chipmaker Broadcom seeks to acquire in the largest deal in technology effort, took another dramatic turn this afternoon when the Trump administration said it would block the deal. The move is another chapter in a long story, a culmination of a lot of consolidation activity…
[ad_1] (Reuters) – Apple Inc (AAPL.O) will buy the digital service Texture, which gives users access to articles from magazines published by various companies for a monthly subscription fee, the iPhone maker said on Monday. FILE PHOTO: A man looks at the screen of his mobile phone in front of an Apple logo outside its…
[ad_1] BRUSSELS/WASHINGTON (Reuters) – U.S. Commerce Secretary Wilbur Ross will urge the European Union to lower its trade barriers, U.S. President Donald Trump said on Monday, calling them unfair to U.S. farmers and industry, a view rejected by the EU and challenged by a Republican senator. The European Commission accused Trump of“cherry-picking” data to distort…
[ad_1] (Reuters) – U.S. President Donald Trump issued an order on Monday prohibiting semiconductor maker Broadcom Ltd’s (AVGO.O) proposed takeover of Qualcomm Inc(QCOM.O) on grounds of national security, bringing an end to what would have been the technology industry’s biggest deal ever. FILE PHOTO: A sign to the campus offices of chip maker Broadcom Ltd,…
[ad_1] LONDON (Reuters) – Uber is seeking a second chance in Barcelona three years after it was forced to shut down in the face of taxi driver protests – by introducing a fully licensed ride-hailing service that meets local transportation laws. FILE PHOTO – Uber’s logo is pictured at its office in Tokyo, Japan, November…
[ad_1] (Reuters) – U.S. President Donald Trump issued an order on Monday prohibiting Broadcom Ltd’s (AVGO.O) proposed takeover of Qualcomm Inc(QCOM.O) on grounds of national security. The logo of Qualcomm is seen during the Mobile World Congress in Barcelona, Spain February 27, 2018. REUTERS/Yves Herman Qualcomm had rebuffed Broadcom’s $117 billion takeover offer, which is…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump issued an order on Monday prohibiting Broadcom Ltd’s (AVGO.O) proposed takeover of Qualcomm Inc (QCOM.O) on grounds of national security. FILE PHOTO – A sign to the campus offices of chip maker Broadcom Ltd is shown in Irvine, California, U.S., November 6, 2017. REUTERS/Mike Blake Qualcomm has…
[ad_1] DETROIT (Reuters) – General Motors Co (GM.N) President Dan Ammann said on Monday the automaker’s troubled South Korean operations can be a“sustainable, profitable business,” if unions and the South Korean government agree quickly on a restructuring. FILE PHOTO – General Motors President Dan Ammann speaks during GM’s press conference at the North American International…
[ad_1] (Reuters) – In its much-anticipated filing to go public last month, Spotify revealed revenue growth was outpacing costs, suggesting the music streaming service was striking deals with the music industry that defeat the central tension in its business model. Headphones are seen in front of a logo of online music streaming service Spotify in…
[ad_1] NEW YORK (Reuters) – The S&P 500 and the Dow Jones Industrial Average slumped on Monday as the U.S. tariffs signed into law last week by President Donald Trump weighed on industrials, though gains in tech stocks boosted the Nasdaq. Traders work on the floor of the New York Stock Exchange, (NYSE) in New…
[ad_1] WILMINGTON, Del./NEW YORK (Reuters) – Colorful New York financier Lynn Tilton has put her Zohar investment funds, a key element of her distressed-debt empire and the subject of several legal battles, into Chapter 11 bankruptcy, with a goal of selling assets or refinancing debt. FILE PHOTO: New York financier Lynn Tilton arrives for an…
[ad_1] (Reuters) – Dropbox Inc (DBX.O) on Monday priced shares for its initial public offering that would value it at up to $7.1 billion, nearly a third below the valuation it commanded in 2014, a clear sign of how overheated the private tech market became a few years back. Cloud storage company Dropbox is the…
[ad_1] NEW YORK (Reuters) – The Nasdaq rose on Monday as tech stocks climbed, but the S&P 500 ended lower and the Dow dragged as industrials were weighed down by tariffs signed into law last week by President Donald Trump. Traders work on the floor of the New York Stock Exchange, (NYSE) in New York,…
[ad_1] Competition Bureau officials executed search warrants at the Toronto-area headquarters of Postmedia and Torstar on Monday, part of an investigation into a deal between the companies last November that saw them swap more than 40 newspapers and then shut them down. Competition Bureau commissioner John Pecman confirmed a Globe and Mail report early Monday that…
[ad_1] U.S. President Donald Trump’s announcement of hefty tariffs on imported steel and aluminum have several countries around the world frantically trying to seek an exemption from the world’s biggest economy on the trade tax. The European Union (EU), Japan and Australia are among others asking to be exempt from the proposed import duties of 25 per cent on…
[ad_1] LONDON (Reuters) – Tesla’s shift to a magnetic motor using neodymium in its Model 3 Long Range car adds to pressure on already strained supplies of a rare earth metal that had for years been shunned because of an export ban by top producer China. FILE PHOTO: A Tesla Model 3 is seen in…
[ad_1] BRUSSELS (Reuters) – A consumer group on Monday said experts appointed by the European Commission to advise on tackling fake news had ignored the business model that gave the likes of Google (GOOGL.O) and Facebook (FB.O) a motive for disseminating it. FILE PHOTO – Monique Goyens, head of the BEUC, the European consumer organization,…
[ad_1] Earlier this year we reported that Twilio was going to launch a full contact center solution called Flex on March 12 — lo and behold, today is March 12 and Twilio today announced the launch of Flex at the Enterprise Connect conference in Orlando. Flex brings together virtually every part of the existing Twilio…
[ad_1] (Reuters) – The Dow Jones Industrial Average fell about half a percent on Monday as worries about the impact of President Donald Trump’s decision to impose metal tariffs continued to weigh on industrial stocks including Boeing and Caterpillar. Traders work on the floor of the New York Stock Exchange, (NYSE) in New York, U.S.,…
[ad_1] (Reuters) – The U.S. Treasury Department has told Singapore-based Broadcom Ltd (AVGO.O) that it has confirmed national security concerns about the chipmaker’s unsolicited bid to buy rival Qualcomm Inc (QCOM.O) and accused it of violating an order to give sufficient notice of plans to move to the United States. The logo of Qualcomm is…
[ad_1] (Reuters) – DowDuPont Inc chief Andrew Liveris will step down on April 1, making good on an earlier promise to retire as the company named existing managers to head its materials science unit when it is spun off as Dow next year. FILE PHOTO: Andrew Liveris, Chairman and CEO The Dow Chemical Company attends…
[ad_1] A system-wide computer outage is leading to long lines at airports across Canada on Monday, as some flights are having to be checked in manually. Social media is full of reports of long lines at airports, including those in Vancouver, Toronto, Montreal and Calgary. The company is telling passengers it is experiencing “an interruption”…
[ad_1] U.S. tech giant Apple is buying magazine aggregating service Texture from a consortium of publishers including Rogers, for an undisclosed sum. The service, which launched under the name Next Issue in 2010, allows subscribers to read dozens of magazines on their tablet for one monthly price, typically $9.99 in most markets. Rogers joined on a few years later…
[ad_1] (Reuters) – Wall Street struggled to hold on to early gains on Monday as losses in industrial stocks including Boeing and Caterpillar more than offset gains in chipmakers and technology companies. Traders work on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., March 7, 2018. REUTERS/Brendan McDermid Many of…
[ad_1] NEW YORK (Reuters) – U.S. President Donald Trump’s move to impose tariffs on steel and aluminum imports has rippled through financial markets, but stocks appear to be shrugging off the potential for a broader global trade war, according to Goldman Sachs strategists. Traders work on the floor of the New York Stock Exchange, (NYSE)…
[ad_1] Clarifai has traditionally been known as a web-based visual search tool that developers can integrate into their services. But as more and more businesses start to get onto the service, with their own specific demands — like getting them in-house — the New York-based startup has to grow up a bit. Today, the company…
[ad_1] (Reuters) – GKN (GKN.L) rejected Melrose Industries’ (MRON.L) increased and final 8.1 billion pounds ($11.2 billion) offer for the British engineering firm, saying the turnaround specialist was not the right owner. Branding is seen outside the headquarters of GKN in Redditch, Britain, March 12, 2018. REUTERS/Hannah McKay “The board believes that Melrose’s Revised Offer…
[ad_1] Scores of Canadians dipped their toes into cryptocurrency mining in recent weeks — they just didn’t realize it. A wave of so-called “cryptojacking” has been sweeping the internet, forcing unwitting web surfers into generating money for cybercriminals. Hackers infect websites with malicious code that secretly conscripts visitors into an army of cryptocurrency miners. Cryptocurrency…
[ad_1] (Reuters) – Chipmaker Broadcom Ltd (AVGO.O) violated a U.S. Treasury Department order by not giving sufficient notice to a national security panel of its plans to redomicile in the United States, the Treasury said in a letter to the Singapore-based company. The logo of Qualcomm is seen during the Mobile World Congress in Barcelona,…
[ad_1] (Reuters) – Goldman Sachs Group Inc (GS.N) said on Monday that Harvey Schwartz will retire from the bank, leaving David Solomon as sole president and chief operating officer and the most obvious successor to Chief Executive Lloyd Blankfein. A Goldman Sachs sign is displayed inside the company’s post on the floor of the New…
[ad_1] BRUSSELS/WASHINGTON (Reuters) – U.S. Commerce Secretary Wilbur Ross will urge the European Union to lower its trade barriers, which are unfair to U.S. farmers and industry, Donald Trump said on Monday. FILE PHOTO – A worker controls a tapping of a blast furnace at Europe’s largest steel factory of Germany’s industrial conglomerate ThyssenKrupp AG…
[ad_1] Even though more people now use cards, mobile phones or even facial recognition technology to pay street performers, buy pizza or donate to church on Sundays, hard cash is showing no signs of dying out, central bankers said. The Bank for International Settlements (BIS) said cryptocurrencies and the debate around them — such as whether…
[ad_1] A Norwegian discount airline plans to offer no-frills direct flights between Canada and Europe starting this summer — the latest entrant in a hotly contested market that’s driving down prices for consumers. Norwegian Air was granted a permit by the Canadian Transportation Agency to sell tickets ahead of a planned launch this summer. Although more regulatory approval is needed before being…
[ad_1] After announcing an IPO in February, today Dropbox updated its S-1 filing with pricing. The cloud services and storage company said that it expects to price its IPO at between $16 and $18 per share when it sells 36,000,000 shares to raise $648 million as “DBX” on the Nasdaq exchange. In addition to that,…
[ad_1] (Reuters) – Goldman Sachs Group Inc (GS.N) said on Monday that Harvey Schwartz, the bank’s President and co-Chief Operating Officer, will retire on April 20. A Goldman Sachs sign is displayed inside the company’s post on the floor of the New York Stock Exchange (NYSE) in New York, U.S., April 18, 2017. REUTERS/Brendan McDermid…
[ad_1] Last May, Docker CEO Ben Golub stepped down after four years at the helm of the containerization pioneer. We didn’t hear all that much from him since, but today, the distributed object storage service Storj Labs announced that Golub will join its team as interim CEO and Executive Chairman. There is obviously no dearth…
[ad_1] (Reuters) – Tesla Inc (TSLA.O) temporarily suspended production of its Model 3 electric car from Feb. 20-24 for planned work to adjust equipment in order to improve automation and increase production rates. A Tesla Model 3 is seen in a showroom in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson Tesla said the…
[ad_1] WASHINGTON (Reuters) – U.S. Commerce Secretary Wilbur Ross will speak with European Union representatives about lowering tariffs against the United States, President Donald Trump said on Monday. FILE PHOTO – U.S. Commerce Secretary Wilbur Ross, speaks at the Conferederation of British Industry’s annual conference in London, Britain, November 6, 2017. REUTERS/Mary Turner “Secretary of…
[ad_1] (Reuters) – Data-sharing business Dropbox Inc (DBX.O) on Monday filed for an initial public offering of 36 million shares, giving the company a value of more than $7 billion at the higher end of the range. The DropBox logo is seen in this illustration photo July 28, 2017. REUTERS/Thomas White/Illustration Dropbox expects its debut…
[ad_1] (Reuters) – U.S. stock index futures pointed to a higher opening for Wall Street on Monday, building on gains from last week’s strong February jobs data that allayed fears of rising inflation and faster interest rate hikes. Traders work on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., March…
[ad_1] BEIJING (Reuters) – Agricultural Bank of China (AgBank) (601288.SS) (1288.HK), the country’s third-largest bank, said on Monday it would raise as much as 100 billion yuan ($15.81 billion) in the biggest A-share private placement by a listed Chinese commercial bank. FILE PHOTO – A logo of the Agricultural Bank of China is seen at…
[ad_1] NEW DELHI (Reuters) – India’s aviation regulator on Monday ordered immediate grounding of certain Airbus (AIR.PA) A320neo aircraft operated by IndiGo Airlines and GoAir fitted with Pratt & Whitney engines made by United Technologies Corp (UTX.N). The logo of Dow Jones Industrial Average stock market index listed company United Technologies and their subsidiary Pratt…
[ad_1] (Reuters) – Singapore-based Broadcom Ltd (AVGO.O) said on Monday it expects to redomicile to the United States by April 3, two days before the chipmaker’s acquisition target Qualcomm Inc (QCOM.O) holds its annual shareholder meeting. A sign to the campus offices of chip maker Broadcom Ltd, is shown in Irvine, California, U.S., November 6,…
[ad_1] LONDON (Reuters) – World stocks surged to a two-week high on Monday after strong U.S. jobs data at the end of last week helped take the edge off investors’ concerns about the potential outbreak of trade war between the United States and other major economies. The German share price index, DAX board, is seen…
[ad_1] SYDNEY (Reuters) – Ratings agency Standard and Poor’s weakened its risk assessment criteria to win business and turn out high ratings on opaque debt products that started to unwind during the global financial crisis, an Australian court heard on Monday. FILE PHOTO: The Standard and Poor’s building in New York, August 2, 2011. REUTERS/Brendan…
[ad_1] South Korea’s main stock index shot up nearly two per cent on Friday after U.S. President Donald Trump announced he would meet face to face with North Korea’s Kim Jong-un. A rise in stocks is paltry compared to cutting the chance of a global nuclear war. But the reaction of investors represents just a first instalment on an enormous dividend…
[ad_1] HONG KONG (Reuters) – UBS (UBSG.S) has told staff that it is “business as normal”, after the Swiss bank revealed on Friday it is fighting an 18-month suspension in Hong Kong from leading initial public offerings (IPOs). FILE PHOTO: A UBS advertisement is displayed on top of a commercial building in Hong Kong, China…
[ad_1] SEOUL (Reuters) – South Korea held an initial meeting on Monday for its due-diligence of General Motors’ local unit to decide whether to provide funds for the unit’s troubled operations. FILE PHOTO: The main gate to GM Korea’s Gunsan factory is seen in Gunsan, South Korea February 13, 2018. Yonhap via REUTERS/File Photo State-funded…
[ad_1] FRANKLIN PARK, Ill. (Reuters) – Nestled in an industrial park near the end of the runway of O’Hare International Airport, Metal Box International Inc. should be one of the winners of a little-known trade war over toolboxes. The glass entranceway to Metal Box InternationalÕs toolbox factory is seen in Franklin Park, Illinois, U.S., February…
[ad_1] MEXICO CITY (Reuters) – Mexico’s state workers’ pension fund plowed more than $20 million into ICA (ICA.MX) and became the largest shareholder as the builder spiraled toward insolvency, according to people familiar with the matter, with the fund’s investment set to be wiped out in a restructuring. FILE PHOTO: The logo of Mexican construction…
[ad_1] (Reuters) – U.S. chemicals producer DowDuPont Inc’s executive chairman Andrew Liveris will step down on April 1 and its co-lead director Jeff Fettig will assume Liveris’s role at the company, the Wall Street Journal reported on Monday. FILE PHOTO: Andrew Liveris, Chairman and CEO The Dow Chemical Company attends the World Economic Forum (WEF)…
[ad_1] SINGAPORE (Reuters) – Oil markets edged up on Monday on the back of a drop in the number of U.S. rigs drilling for more production and as the U.S. economy continued to create jobs, which industry hopes will drive higher fuel demand. FILE PHOTO: A general view shows the al-Shuaiba oil refinery in southwest…
[ad_1] SYDNEY (Reuters) – A relief rally swept across Asian share markets on Monday after the latest U.S. jobs report managed to impress with its strength while also easing fears of inflation and faster rate hikes, a neat feat that whetted risk appetites globally. FILE PHOTO: Visitors look at the Tokyo Stock Exchange (TSE) bourse…
[ad_1] SINGAPORE (Reuters) – Oil markets climbed on Monday on the back of a drop in the number of U.S. rigs drilling for more production and as the U.S. economy continued to create jobs, which industry hopes will drive higher fuel demand. FILE PHOTO: A general view shows the al-Shuaiba oil refinery in southwest Basra,…
[ad_1] SYDNEY (Reuters) – A relief rally swept across Asian share markets on Monday after the latest U.S. jobs report managed to impress with its strength while also easing fears of inflation and faster rate hikes, a neat feat that whetted risk appetites globally. FILE PHOTO: Visitors look at the Tokyo Stock Exchange (TSE) bourse…
[ad_1] (Reuters) – Campbell Soup Co (CPB.N) faces challenges but with its shares the cheapest they have been in years, the stock may be a bargain, Barron’s said in an article on Sunday. FILE PHOTO: Cans of Campbell’s Soup are displayed in a supermarket in New York City, U.S. February 15, 2017. REUTERS/Brendan McDermid Campbell…
[ad_1] BERLIN (Reuters) – Germany denounced moves by President Donald Trump to impose tariffs on U.S. metal imports, saying Europe needed a united response to the threat and echoing criticism from China that it risked undermining the global trade system. German Minister for Economic Affairs and Energy, Brigitte Zypries poses for a photo during an…
[ad_1] JERUSALEM (Reuters) – The Israeli military could decide within months to buy Boeing Co.’s (BA.N) CH-47 Chinook transport helicopters following a strong endorsement by its ground forces, a senior Boeing official said on Sunday. FILE PHOTO: A CH-47 Chinook helicopter from the 82nd Combat Aviation Brigade lands to pick up U.S. soldiers from the…
[ad_1] FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) said on Sunday its 2017 bonus pool would be above 2 billion euros ($2.46 billion), as the loss-making bank seeks to retain staff during a major overhaul. FILE PHOTO: Flags with the logo of Deutsche Bank are seen at the headquarters ahead of the bank’s annual general meeting…
[ad_1] LONDON (Reuters) – The recent volatility in global financial markets should not deter top central banks from lifting interest rates or ending years of unprecedented stimulus, the Bank for International Settlements said on Sunday. FILE PHOTO: An ibis bird perches next to the Reserve Bank of Australia headquarters in central Sydney, Australia February 6,…
[ad_1] FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) on Sunday said its 2017 bonus pool would be above 2 billion euros ($2.46 billion). FILE PHOTO: Flags with the logo of Deutsche Bank are seen at the headquarters ahead of the bank’s annual general meeting in Frankfurt, Germany May 18, 2017. REUTERS/Ralph Orlowski “Variable compensation for the…
[ad_1] ESSEN/DUESSELDORF (Reuters) – Germany’s top utilities announced a multi-billion-euro revamp, with RWE (RWEG.DE) agreeing to swap control of Innogy (IGY.DE) with rival E.ON (EONGn.DE) for renewable assets in the sector’s largest overhaul since a landmark move to exit nuclear power. RWE logo in Essen, Germany, March 14, 2017. Reuters/Thilo Schmuelgen The deal, which includes…
[ad_1] LONDON (Reuters) – Even though more people now use cards, mobile phones or even facial recognition technology to pay street performers, buy pizza or donate to church on Sundays, hard cash is showing no signs of dying out, central bankers said. FILE PHOTO: Samsung’s new Samsung Pay mobile wallet system is demonstrated at its…
[ad_1] Malls were once a go-to shopping destination and a teenager’s hangout of choice, but now face an uncertain future as some of their biggest tenants lay off employees, file for creditor protection or hang a “closed” sign in the window and leave for good. Beleaguered retailers have been quick to blame online shopping for…
[ad_1] LONDON (Reuters) – British finance minister Philip Hammond said on Sunday he might be able to relax his grip on public spending at the end of this year, but he stuck to his plan to cut the country’s high debt levels. Britain’s Chancellor of the Exchequer Philip Hammond arrives in Downing Street in London,…
[ad_1] WASHINGTON (Reuters) – Democratic U.S. Senator Elizabeth Warren, who has traded barbs with President Donald Trump, said on Sunday she’s “not afraid of tariffs,” but stopped short of endorsing his decision to launch steep tariffs on steel and aluminum. Senator Elizabeth Warren (D-MA) questions Alex Azar (not pictured) during a Senate Health, Education, Labor…
[ad_1] ESSEN/DUESSELDORF (Reuters) – Germany’s top utilities announced a multi-billion-euro revamp, with RWE (RWEG.DE) agreeing to sell control of Innogy (IGY.DE) to rival E.ON (EONGn.DE) in return for renewable assets, in the biggest overhaul of the sector since the country moved to exit nuclear power. RWE logo in Essen, Germany, March 14, 2017. Reuters/Thilo Schmuelgen…
[ad_1] LONDON (Reuters) – British finance minister Philip Hammond said on Sunday that he might be able to relax his grip on public spending at the end of this year but he stuck to his plan to cut the country’s high public debt levels. Britain’s Chancellor of the Exchequer Philip Hammond arrives in Downing Street…
[ad_1] BERLIN (Reuters) – U.S. President Donald Trump’s tariffs on steel and aluminum imports will cost jobs and growth, German Economy Minister Brigitte Zypries told Reuters on Sunday, adding that Europe and other free traders should not let themselves be divided. German Minister for Economic Affairs and Energy, Brigitte Zypries poses for a photo during…
[ad_1] BEIJING (Reuters) – Any trade war with the United States will only bring disaster to the world economy, Chinese Commerce Minister Zhong Shan said on Sunday, as Beijing stepped up its criticism on proposed metals tariffs by Washington amid fears it could shatter global growth Chinese Commerce Minister Zhong Shan attends a news conference…
[ad_1] FRANKFURT (Reuters) – Utility RWE (RWEG.DE) said on Sunday it had agreed to sell its 76.8 percent stake in Innogy (IGY.DE) to rival E.ON (EONGn.DE), as part of a complex deal that would position RWE as a clean energy champion. RWE logo in Essen, Germany, March 14, 2017. Reuters/Thilo Schmuelgen The multi-stage deal to…
[ad_1] Before they can collect their $25 gift card, Loblaws is asking some customers to hand over personal information — either a copy of their driver’s licence or a utility bill — to verify their address, proving their claim for a card is legitimate. Many who’ve received the request are incensed. Customers CBC News spoke with say they don’t…
[ad_1] Miss something this week? Don’t panic. CBC’s Marketplace rounds up the consumer and health news you need. Want this in your inbox? Get the Marketplace newsletter every Friday. Questionable car repairs A Saskatchewan driver was shocked when instead of getting paid out by insurance for his badly damaged truck, it was repaired. And he…
[ad_1] (Reuters) – Britain has thrown financial support for the first time behind exports of Bombardier (BBDb.TO) CSeries jets part-built by Northern Ireland workers caught up in a recent trade row. FILE PHOTO: A worker inspects a C Series aeroplane wing in the Bombardier factory in Belfast, Northern Ireland September 26, 2017. REUTERS/Clodagh Kilcoyne Export…
[ad_1] PARIS/NEW DELHI (Reuters) – French and Indian companies signed contracts worth 13 billion euros ($16 billion) on the first day of President Emmanuel Macron’s visit to India on Saturday, the French presidency said in a statement. French President Emmanuel Macron and India’s Prime Minister Narendra Modi attend a signing of agreements ceremony at Hyderabad…
[ad_1] BRUSSELS (Reuters) – The European Union and Japan urged the United States on Saturday to grant them exemptions from metal import tariffs, with Tokyo calling for “calm-headed behavior” in a dispute that threatens to spiral into a trade war. U.S. Trade Representative Robert Lighthizer (L) and Japan’s Minister of Economy, Trade and Industry Hiroshige…
[ad_1] ATHENS (Reuters) – Greece will probably not need a precautionary credit line after its bailout ends in August if the country sticks to reforms, the head of Europe’s rescue fund said in an interview released on Saturday. FILE PHOTO: European Stability Mechanism Managing Director Klaus Regling attends a news conference at the Ministry of…
[ad_1] This is the part where some incredibly intelligent economist usually tells you that while it may look suspicious the way gas prices rise in lockstep without any apparent logic except relieving you of your hard-earned pay, in fact, it does make perfect sense to anyone who’s spent half their life in graduate school studying the…
[ad_1] A Canadian Crown corporation is fighting an international legal battle in the U.K. and South Africa to reclaim a private jet it helped a wealthy South African-based family purchase. Export Development Canada argued in a South African court Friday that the government in that country should ground the aircraft until a U.K. court can…
[ad_1] LUXEMBOURG (Reuters) – Latvia’s ABLV Bank, accused by U.S. authorities of large-scale money laundering, will be allowed to look for new investors for its Luxembourg branch after a court there ruled against forced liquidation by EU authorities, the bank said. FILE PHOTO: A logo of the ABLV Bank is pictured in Riga, Latvia February…
[ad_1] BEIJING (Reuters) – Chinese exports of steel products may continue to fall this year due to strong domestic demand and reductions in capacity due to environmental commitments, the chairman of state-owned mill Fujian Sangang Group Co Ltd said. FILE PHOTO: Workers check steel bars at a factory of Dongbei Special Steel Group Co., Ltd.…
[ad_1] BERLIN (Reuters) – A trade war between Europe and the United States can still be averted, German Economy Minister Brigitte Zypries said on Saturday, adding she hoped that talks in Brussels this weekend could help to prevent an escalation. FILE PHOTO: German Economy and Energy Minister Brigitte Zypries speaks during the G20 forum on…
[ad_1] Only in Canada you say? Not anymore, apparently. Americans are making icewine, proudly proclaiming they’re following the Canadian standards. “I think it’s the same way with us trying to make wine the way the French do or make port wine the way the Portuguese do” said Phil Randazzo, owner of Coyote Moon Vineyards, a…
[ad_1] For 25 years, Camilla Sutton has been a mover and a shaker on Bay Street. At the Bank of Nova Scotia, she did everything from equity research to running the bank’s global foreign exchange. In January, she became president and chief executive officer of Women in Capital Markets, tasked with improving the role of women in…
[ad_1] WASHINGTON (Reuters) – The U.S. Justice Department and AT&T Inc on Friday presented starkly different futures for online video if the wireless and pay-TV giant is allowed to buy Time Warner Inc, as they laid out their cases for a blockbuster antitrust trial. Signage that reads Time Warner is seen at the Time Warner…
[ad_1] (Reuters) – A U.S. national security panel has ordered Singapore-based chipmaker Broadcom (AVGO.O) to provide it with five business days’ notice before taking any action toward redomiciling to the United States, a regulatory filing this week revealed. FILE PHOTO: Broadcom Limited company logo is pictured on an office building in Rancho Bernardo, California May…
[ad_1] Uber will inform all Canadians whose personal data may have been compromised in a 2016 breach after Alberta’s privacy commissioner ruled it must notify impacted drivers and riders in the province. In a decision dated Feb. 28, the commissioner ruled that there is a real risk of significant harm to the affected individuals as…
[ad_1] FARRELL, Penn. (Reuters) – Mick Lang has been a steelworker for nearly 40 years and voted for businessman Donald Trump in the hopes he would bring about a renaissance for the long-suffering U.S. steel industry – now he worries President Trump’s tariffs on imports of the metal will cost him his job. A worker…
[ad_1] NEW YORK (Reuters) – Best Buy Co Inc (BBY.N) has completed a five-year turnaround and is ready to compete with market leader Amazon.com Inc (AMZN.O) to prove U.S. retail is not a “winner takes all” situation, Chief Executive Hubert Joly told Reuters on Friday. Hubert Joly, the CEO of Best Buy, poses for a…
[ad_1] (Reuters) – A U.S. national security panel has ordered Singapore-based chipmaker Broadcom (AVGO.O) to provide it with five business days’ notice before taking any action toward redomiciling to the United States, three people familiar with the matter said on Friday. FILE PHOTO: Broadcom Limited company logo is pictured on an office building in Rancho…
[ad_1] North American markets rallied today on U.S. jobs figures and a Canadian reprieve from U.S. President Donald Trump’s tariffs on steel and aluminum. The S&P/TSX composite index closed up 39.11 points to 15,577.81, led by energy and materials. On the ninth anniversary of the current U.S. bull market, the Dow Jones industrial average was up…
[ad_1] NEW YORK (Reuters) – To celebrate the bull market’s ninth birthday on Friday, the three major U.S. stock indexes climbed almost 2 percent and the Nasdaq closed at a record high, as February’s jobs report assuaged fears of inflation and aggressive interest rate hikes. FILE PHOTO: Traders work on the floor at the New…
[ad_1] (Reuters) – General Electric Co (GE.N) is exploring a sale of the electrical engineering business which it acquired for $3.2 billion in 2011, as the U.S. industrial conglomerate continues to shed unwanted assets, according to four people familiar with the matter. FILE PHOTO: The General Electric logo is pictured on the General Electric offshore…
[ad_1] NEW YORK (Reuters) – To celebrate the bull market’s ninth birthday on Friday, the three major U.S. stock indexes ended up more than 1 percent, with the Nasdaq hitting a record high, as February’s jobs report assuaged fears of inflation and aggressive interest rate hikes. FILE PHOTO: Traders work on the floor at the…
[ad_1] SAN FRANCISCO (Reuters) – The Nasdaq blasted through a record high on Friday as traders looking to ride recent momentum piled into Microsoft (MSFT.O), Netflix (NFLX.O), Amazon.com (AMZN.O) and other high-performance technology names. FILE PHOTO: A Microsoft logo is seen in Los Angeles, California U.S. November 7, 2017. REUTERS/Lucy Nicholson The rise came alongside…
[ad_1] NEW YORK (Reuters) – To celebrate the bull market’s ninth birthday on Friday, the three major U.S. stock indexes rose more than 1 percent, with the Nasdaq touching a record high, as February’s jobs report assuaged fears of inflation and aggressive interest rate hikes. FILE PHOTO: Traders work on the floor at the New…
[ad_1] WASHINGTON/BRUSSELS/SHANGHAI (Reuters) – The United States opened the way for more exemptions from its steel and aluminum tariffs on Friday, after pressure from allies and intense lobbying from lawmakers, further diluting the measures just a day after they were formally announced. President Donald Trump, who has broad powers to impose the tariffs of 25…
[ad_1] (Reuters) – Shares of Mattel Inc (MAT.O) and Hasbro Inc (HAS.O), the two largest U.S. toymakers, tumbled on Friday after reports that key customer Toys ‘R’ Us Inc is preparing for potential liquidation, six months after filing for bankruptcy. The Toys R Us logo is seen in this illustration photo September 19, 2017. REUTERS/Thomas…
[ad_1] NEW YORK (Reuters) – Martin Shkreli, the former drug company executive who made headlines by jacking up the price of a lifesaving drug before he was found guilty of defrauding investors, was sentenced to 7 years and a $75,000 fine on Friday. FILE PHOTO: Former drug company executive Martin Shkreli arrives at U.S. District…
[ad_1] WASHINGTON (Reuters) – The U.S. economy added the biggest number of jobs in more than 1-1/2 years in February, but a slowdown in wage growth pointed to only a gradual increase in inflation this year. Nonfarm payrolls jumped by 313,000 jobs last month, boosted by the largest rise in construction jobs since 2007, the…
[ad_1] FRANKFURT (Reuters) – Cooperation with Geely [GEELY.UL] will depend on the “desire” of Mercedes-Benz executives and is not a precondition of an investment in German carmaker Daimler (DAIGn.DE), Geely Chairman Li Shufu told Bloomberg news. FILE PHOTO: Li Shufu, founder and chairman of Zhejiang Geely Holding Group, attends the Volvo’s S90 news conference in…
[ad_1] (Reuters) – The three major U.S. indexes rose 1 percent on Friday, with the Nasdaq touching a record, after strong job additions in February but sluggish wage growth that pointed to a gradual rise in inflation and helped temper expectations of faster rate increases. FILE PHOTO: Traders work on the floor at the New…
[ad_1] (Reuters) – Lloyd Blankfein could step down as Goldman Sachs Group Inc (GS.N) chief executive as soon as the end of the year, the Wall Street Journal reported on Friday, swiveling the focus on fierce competition between the two contenders to replace him. FILE PHOTO: Goldman Sachs Chairman and CEO Lloyd Blankfein speaks at…
[ad_1] (Reuters) – Chicago Federal Reserve Bank President Charles Evans on Friday said he wanted the U.S. central bank to keep interest-rate increases on hold until after March to allow inflation a chance to rise and even exceed the Fed’s 2-percent target. FILE PHOTO: Federal Reserve Bank of Chicago President Charles Evans participates in a…
[ad_1] Facebook has signed an agreement with Warner Music Group that allows users to include Warner’s recorded music in messages and posts on Facebook, Messenger, Instagram and Oculus. This is the third agreement it has signed to license music rights, after deals with Universal Music Group and Sony/ATV Music Publishing. The announcement means Facebook will…
[ad_1] Two key players at Knowledge House have been found guilty of fraud in the collapse of the Halifax e-learning company. Nova Scotia Supreme Court Justice Kevin Coady rendered his decision Friday morning after a marathon trial that spanned more than 150 court days over two years. Former CEO Dan Potter and company lawyer Blois Colpitts were…
[ad_1] Is “Pharma Bro” Martin Shkreli a master manipulator who conned wealthy investors or a misunderstood eccentric who used unconventional means to make those same investors even wealthier? A federal judge in Brooklyn is weighing the conflicting portrayals of the former pharmaceutical company CEO at his sentencing Friday on a securities fraud conviction. The stakes…
[ad_1] Things have not been so rosy for Qualcomm over the past few months, whether you are looking at an ongoing legal dispute between the chipmaker and Apple or Broadcom’s aggressive attempts to acquire the company. Now, Qualcomm is saying its executive chairman, Dr. Paul E. Jacobs, will no longer serve as executive chairman for…
[ad_1] FRANKFURT (Reuters) – Joachim Faber said on Friday that he would stand for reelection as head of the board of Deutsche Boerse (DB1Gn.DE), as the German exchange operator announced a revamp of the supervisory body. FILE PHOTO: Chairman of the supervisory board of Deutsche Boerse AG Joachim Faber delivers a speech at the New…
[ad_1] Montreal (Reuters) – With its new long-range business jet just preparing to take flight, Bombardier (BBDb.TO) is banking on sales of new products and maintenance packages to help it drive promised double-digit revenue growth for its aftermarket service business this year. A Bombardier logo is seen at the Bombardier plant in Belfast, Northern Ireland…
[ad_1] (Reuters) – U.S. stocks gained on Friday after payrolls data showed strong job additions in February, but muted wage growth indicated a gradual rise in inflation that tempered expectations of faster interest rate increases. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S.,…
[ad_1] Toys R Us Canada says it’s business as usual amid reports that the retailer’s U.S. counterpart is preparing to liquidate operations in the United States. The Canadian retailer says it has no information or comment about various media reports that say Toys R Us is making preparations to close all of its U.S. stores.…
[ad_1] (Reuters) – Dow Jones Industrial Average opened 160 points higher after payrolls data showed strong job additions in February, but a slowdown in wage growth pointed to a gradual rise in inflation, tempering expectations of faster interest rate increases. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in…
[ad_1] The Conference Board of Canada predicts a 0.5 per cent decline in the economy, and the loss of about 85,000 jobs within a year, if the North American Free Trade Agreement is terminated. That would be the best-case scenario in a post-NAFTA world, the think-tank says in a new report. Talks to renegotiate the…
[ad_1] From Japan and South Korea to Australia and Europe, officials are also seeking exemptions from U.S. President Donald Trump’s tariffs on U.S. steel and aluminum imports — something he has given Canada and Mexico for now — while Chinese producers are calling on Beijing to retaliate in kind. Tokyo and Brussels rejected any suggestion that their exports to…
[ad_1] Canada’s unemployment rate inched down to 5.8 per cent last month. (Norm Betts/Bloomberg News) Canada’s job market added about 15,000 jobs in February, less than expected but enough to nudge the unemployment rate down to 5.8 per cent. Statistics Canada reported Friday that the health-care and social assistance sectors added jobs, while wholesale and retail…
[ad_1] Dropbox is not messing around. Two weeks ago it announced its IPO. Just last week it announced a big partnership with Google and today comes news that it is integrating more deeply with Salesforce. Dropbox and Salesforce have danced a bit in the past as cloud companies tend to do, but today’s announcement is…
[ad_1] (Reuters) – At a time when volatility in financial markets is creeping up on rising bond yields and fears of U.S trade protectionism, one modern leading indicator of trouble ahead suggests stock market losses could intensify going forward. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan,…
[ad_1] (Reuters) – U.S. stock index futures were flat on Friday as investors refrained from making big bets ahead of a key jobs data, a day after President Donald Trump’s softened stance on trade tariffs helped markets close higher. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan,…
[ad_1] Nick Halstead’s new startup, InfoSum, is launching its first product today — moving one step closer to his founding vision of a data platform that can help businesses and organizations unlock insights from big data silos without compromising user privacy, data security or data protection law. So a pretty high bar then. If the…
[ad_1] (Reuters) – Broadcom Ltd (AVGO.O) said in a letter to U.S. Congress on Friday that it will not sell any critical national security assets to any foreign companies if its $117 billion deal to buy chipmaker Qualcomm Inc (QCOM.O) is approved. FILE PHOTO: A sign to the campus offices of chip maker Broadcom Ltd…
[ad_1] BRUSSELS/SHANGHAI/TOKYO (Reuters) – From Japan and South Korea to Australia and Europe, officials lined up on Friday to seek exemptions from President Donald Trump’s tariffs on U.S. steel and aluminum imports, while Chinese producers called on Beijing to retaliate in kind. U.S. President Donald Trump holds up a proclamation during a White House ceremony…
[ad_1] (Reuters) – Netflix Inc’s (NFLX.O) 65 percent jump so far in 2018 has been so fast that Wall Street analysts earlier this week were as much as $60 behind the curve on a stock most say is a buy. The Netflix logo is pictured on a television in this illustration photograph taken in Encinitas,…
[ad_1] NEW YORK (Reuters) – The bull market for stocks turns nine years old on Friday and, despite being long in the tooth, appears poised to set the record as the longest in history, buoyed by global economic growth and stronger company earnings. FILE PHOTO – Traders work on the floor at the New York…
[ad_1] LONDON (Reuters) – Comcast’s (CMCSA.O) gatecrashing of Rupert Murdoch’s eight-year campaign to buy pay-TV group Sky (SKYB.L) has sparked a regulatory race with 21st Century Fox (FOXA.O). FILE PHOTO: The NBC logo and Comcast are displayed on 30 Rockefeller Plaza, formerly known as the GE building, in midtown Manhattan in New York July 23,…
[ad_1] LONDON (Reuters) – World shares hit a one-week high on Friday before easing a touch, as caution ahead of jobs data in the United States outweighed a potential breakthrough in nuclear tensions over the Korean peninsula. FILE PHOTO: People walk past the London Stock Exchange Group offices in the City of London, Britain, December…
[ad_1] Canadians’ thirst for fast, reliable internet service has surged in recent years, and so has the amount we’re paying to stay connected. For many customers, the cost of home internet is about to get even more pricey as the big telecom companies hike rates once again. “Internet is expensive enough,” said Rogers customer Eric Polsinelli of Oshawa, Ont. “There’s nothing…
[ad_1] From labour unrest to ambitious expansion plans, WestJet Airlines is suddenly facing major challenges without the man who led the company for the past eight years. Calgary-based WestJet CEO Gregg Saretsky’s sudden exit – a retirement, according to the company – caught investors, analysts and union officials off guard Thursday. Its stock retreated on the revelation, sliding…
[ad_1] TOKYO (Reuters) – Japan’s Kobe Steel Ltd (5406.T) on Friday appointed the head of its machinery business as its new president and chief executive, looking outside its major steel division for leadership in the wake of a widespread data fraud scandal. FILE PHOTO: The logo of Kobe Steel (Kobelco) is seen at the company…
[ad_1] YOKKAICHI, Japan (Reuters) – Toshiba Corp (6502.T) expects the sale of its $18 billion memory chip business to be completed by June at the latest, if not by an agreed deadline of the end of March, as it awaits antitrust regulatory approval from China. FILE PHOTO: A logo of Toshiba Corp is seen on…
[ad_1] SYDNEY (Reuters) – Asian shares pared sharp early gains on Friday ahead of U.S. payrolls data which could hasten Federal Reserve rate hikes, and as some caution set in about the new entente between North Korean leader Kim Jong Un and U.S. President Donald Trump. FILE PHOTO: A man walks past an electronic stock…
[ad_1] (Reuters) – Journalist Diana Falzone has settled a gender discrimination lawsuit she filed against Fox News and left the company, her lawyer said on Thursday. FILE PHOTO – A Fox News channel sign is seen on a television vehicle outside the News Corporation building in New York City, in New York, U.S. November 8,…
[ad_1] TOKYO (Reuters) – Major Asian nations reacted sharply to U.S. President Donald Trump’s decision to impose tariffs on steel and aluminum imports on Friday, warning of damage to relations amid industry calls for retaliation. FILE PHOTO: Workers check steel bars at a factory of Dongbei Special Steel Group Co., Ltd. in Dalian, Liaoning province,…
[ad_1] WASHINGTON (Reuters) – U.S. job growth likely rose at a brisk clip in February and probably pushed down the unemployment rate to a more than 17-year low of 4.0 percent, but wage gains are expected to have slowed after three straight months of strong increases. FILE PHOTO: Workers on the assembly line replace the…
[ad_1] (Reuters) – Wynn Resorts Ltd (WYNN.O) has agreed to pay $2.6 billion to settle a lawsuit brought by Japan’s Universal Entertainment Corp (6425.T) and its U.S. unit, ending a six-year old dispute that pitted casino mogul Steve Wynn against his former associate Kazuo Okada. FILE PHOTO: A company logo is displayed in front of…
[ad_1] SYDNEY (Reuters) – Asian shares rallied and the safe-haven yen eased on Friday after North Korean leader Kim Jong Un offered to stop nuclear and missile testing and U.S. President Donald Trump agreed to a meeting that could come before May. FILE PHOTO: A man walks past an electronic stock quotation board outside a…
[ad_1] WASHINGTON/SHANGHAI (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk took to Twitter on Thursday to call on U.S. President Donald Trump to challenge China’s auto trade rules, which limit foreign ownership of Chinese ventures and impose steep tariffs on imported cars. FILE PHOTO – Elon Musk, founder, CEO and lead designer at SpaceX…
[ad_1] TOKYO (Reuters) – Major Asian nations reacted sharply to U.S. President Donald Trump’s decision to impose tariffs on steel and aluminum imports on Friday, warning of damage to relations amid industry calls for retaliation. FILE PHOTO: Workers check steel bars at a factory of Dongbei Special Steel Group Co., Ltd. in Dalian, Liaoning province,…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump pressed ahead on Thursday with import tariffs of 25 percent on steel and 10 percent for aluminum but exempted Canada and Mexico and offered the possibility of excluding other allies, backtracking from an earlier “no-exceptions” stance. Describing the dumping of steel and aluminum in the U.S. market…
[ad_1] SYDNEY (Reuters) – Asian shares rallied and the safe-haven yen eased on Friday after North Korean leader Kim Jong Un offered to stop nuclear and missile testing and U.S. President Donald Trump agreed to a meeting that could come before May. FILE PHOTO: A man walks past an electronic stock quotation board outside a…
[ad_1] WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits rebounded last week from a more than 48-year low, but the trend continued to point to robust labor market conditions. FILE PHOTO: Job seekers line up to apply for jobs at the Amazon.com Fulfillment Center in Fall River, Massachusetts, U.S., August 2, 2017.…
[ad_1] LONDON (Reuters) – The prospect of 25 percent U.S. tariffs on steel imports has raised fears of a global trade war but steel producers outside North America believe they can weather the storm without too much disruption to their business or steel prices. FILE PHOTO: Steel rebar is pictured at the Ariel Metal steel…
[ad_1] (Reuters) – Proxy advisory firm Institutional Shareholder Services on Thursday recommended Tesla Inc (TSLA.O) stockholders reject a multi-billion-dollar, 10-year pay package for Chief Executive Elon Musk, saying the “unprecedented” award was too rich. FILE PHOTO: Elon Musk, founder, CEO and lead designer at SpaceX and co-founder of Tesla, speaks at the International Space Station…
[ad_1] SYDNEY (Reuters) – Asian stock markets made guarded gains on Friday on news North Korean leader Kim Jong Un had offered to stop nuclear and missile testing and to arrange a meeting with U.S. President Donald Trump. FILE PHOTO: A man walks past an electronic stock quotation board outside a brokerage in Tokyo, Japan,…
[ad_1] SYDNEY (Reuters) – Asian stocks looked set for guarded gains on Friday on reports North Korean leader Kim Jong Un had offered to stop nuclear testing and to arrange a meeting with U.S. President Donald Trump. FILE PHOTO: A man walks past an electronic stock quotation board outside a brokerage in Tokyo, Japan, February…
[ad_1] CHICAGO (Reuters) – The head of Boeing Co (BA.N) said on Thursday the U.S. planemaker can absorb transactions on the scale of a proposed tie-up with Brazil’s Embraer without putting at risk internal investments in its business or returning cash to shareholders. FILE PHOTO: Dennis Muilenburg, CEO of The Boeing Company, arrives at Trump…
[ad_1] The Alberta government is taking a page from the playbook of former premier Peter Lougheed by threatening to cut oil exports in its fight against B.C.’s efforts to stop the expansion of the Trans Mountain pipeline. In Thursday’s throne speech, Alberta Premier Rachel Notley threatened to “invoke similar legislation” if B.C. takes “extreme and illegal actions”…
[ad_1] The union representing Air Canada flight attendants says it has filed a human rights complaint alleging “systemic discrimination and harassment” of its members. The Canadian Union of Public Employees says the airline’s policies on uniforms and makeup are discriminatory towards female flight attendants on the basis of sex, sexual orientation and race. It adds…
[ad_1] (Reuters) – U.S. health insurer Cigna Corp (CI.N) struck a $52-billion deal to buy pharmacy benefits manager (PBM) Express Scripts Holding Co (ESRX.O) on Thursday, looking for new ways to hold onto their profits as the industry faces greater scrutiny for rising healthcare costs. The pharmacy benefits business, which tries to negotiate down the…
[ad_1] NEW YORK (Reuters) – The three major U.S. stock indexes closed higher on Thursday after President Donald Trump appeared to soften his stance on trade tariffs, easing trade war fears that had had the market on edge for a week. Traders work on the floor of the New York Stock Exchange, (NYSE) in New…
[ad_1] LOS ANGELES (Reuters) – Yum Brands Inc’s (YUM.N) KFC chain is returning to a former supplier for more than one-third of its UK restaurants after a switch to a new firm caused widespread chicken shortages that forced the temporary closure of hundreds of restaurants. FILE PHOTO: A Kentucky Fried Chicken (KFC) logo is pictured…
[ad_1] WASHINGTON/SANTIAGO (Reuters) – President Donald Trump pressed ahead with the imposition of 25 percent tariffs on steel imports and 10 percent for aluminum on Thursday but exempted Canada and Mexico, backtracking from earlier pledges of tariffs on all countries. Describing the dumping of steel and aluminum in the United States as “an assault on…
[ad_1] WASHINGTON/SANTIAGO (Reuters) – President Donald Trump pressed ahead with the imposition of 25 percent tariffs on steel imports and 10 percent on aluminum on Thursday but exempted Canada and Mexico, backtracking from earlier pledges of tariffs on all countries. Details of the plan came from a briefing by administration officials ahead of Trump’s speech,…
[ad_1] WASHINGTON/SANTIAGO (Reuters) – President Donald Trump was set to press ahead with the imposition of 25 percent tariffs on steel imports and 10 percent on aluminum, although he said on Thursday he was willing to strike a deal that could exempt Canada and Mexico. Trump has offered relief from steel and aluminum tariffs to…
[ad_1] NEW YORK (Reuters) – The three major U.S. stock indexes gained ground on Thursday after a report that all countries could negotiate for exclusions from President Donald trump’s proposed metals tariffs and that Canada and Mexico could be exempted indefinitely. Traders work on the floor of the New York Stock Exchange, (NYSE) in New…
[ad_1] WASHINGTON/SANTIAGO (Reuters) – President Donald Trump was set to press ahead with the imposition of 25 percent tariffs on steel imports and 10 percent on aluminum, although he said on Thursday he was willing to strike a deal that could exempt Canada and Mexico. Trump has offered relief from steel and aluminum tariffs to…
[ad_1] SANTIAGO (Reuters) – Eleven countries including Japan and Canada signed a landmark Asia-Pacific trade agreement without the United States on Thursday in what one minister called a powerful signal against protectionism and trade wars. FILE PHOTO – Trade ministers and delegates from the remaining members of the Trans Pacific Partnership (TPP) attend the TPP…
[ad_1] The Alberta Energy Regulator has issued an order against privately held oil and gas company Sequoia Resources Corp. after it warned it is ceasing operations “imminently” and won’t be able to maintain thousands of wells and pipelines in the province. In a letter posted on its website, the AER says Calgary-based Sequoia indicated in…
[ad_1] SANTIAGO (Reuters) – Mexico’s Economy Minister Ildefonso Guajardo said on Thursday he would not allow the United States to use planned tariffs on steel and aluminum imports to pressure the country in ongoing NAFTA talks. FILE PHOTO – Mexican Economy Minister Ildefonso Guajardo holds his headset during a joint news conference on the closing…
[ad_1] Canada’s minister of international trade will mark an important step in Canada trading relationship with one bloc of countries today, while looking to start a new deal with another. Francois-Philippe Champagne is in Chile Thursday to sign the the Comprehensive and Progressive Trans-Pacific Partnership, a reborn version of the Trans-Pacific Partnership, at at 3 p.m. ET.…
[ad_1] Financial planner Shawn Lantz of Edmonton says he knew the marijuana industry hype was getting out of hand when he got a call from an elderly client recently. “She’s a 68-year-old grandma … She phones me up and says, ‘Shawn, my kids bought this weed stock and it’s making lots of money. Should I…
[ad_1] WASHINGTON/PARIS/BEIJING (Reuters) – President Donald Trump is to press ahead with the imposition of 25 percent tariffs on steel imports and 10 percent on aluminum, although he said on Thursday he was willing to strike a deal that could see Canada and Mexico exempted. Washington has repeatedly offered relief from steel and aluminum tariffs…
[ad_1] Workers at the American Keg Company in Pottstown, Pennsylvania, believe Donald Trump’s proposed tariffs on steel and aluminum could save their jobs. In reality, the opposite is true. It’s an example of the power of the U.S. president’s rhetoric in a region where people cling to hope of a revitalized manufacturing sector, without always…
[ad_1] The chief executive of Kinder Morgan won’t put a timeline on when construction will begin on the Trans Mountain expansion, a delayed project which would ship Alberta oil to British Columbia’s coast. Instead, Steven Kean said the company has to be patient, although he’s optimistic the project will proceed. “We’re waiting. We’re waiting to see how…
[ad_1] A 1.3 Tbps DDoS attack – essentially a massive torrent of data aimed at a single target – nearly took down network provider Akamai on March 1. While the attack itself is notable more interesting is what was hidden inside the attack itself. The attack used a memcached exploit which is a legitimate service…
[ad_1] The pace of new home construction picked up unexpectedly in February driven by strength in the condo market in major cities, Canada Mortgage and Housing Corp. said Thursday. Meanwhile, Statistics Canada reported that building permits rose beyond expectations in January — particularly in the condo market — signalling continued strength in the multi-family dwelling…
[ad_1] A woman who stood up for the rights of black people in Nova Scotia, and went to jail for it, will be honoured today when the new $10 bill featuring her image is unveiled. The event honouring Viola Desmond begins around 12:30 p.m. AT at the Halifax Central Library. Her sister, Wanda Robson, was among…
[ad_1] BERLIN (Reuters) – Thomas Cook Airlines (TCG.L) believes a transition period following Britain’s exit from the European Union is important to allow time to clarify new rules regarding flying rights, ownership and safety regulations, an executive said. The Thomas Cook logo is seen in this illustration photo January 22, 2018. REUTERS/Thomas White/Illustration “The clock…
[ad_1] (Reuters) – Diners at McDonald’s (MCD.N) should not be alarmed if they see the restaurant chain’s iconic ‘M’ logo turned upside down on Thursday at different locations across the country. FILE PHOTO: The logo of a McDonald’s Corp restaurant is seen in Los Angeles, California, U.S. October 24, 2017. REUTERS/Lucy Nicholson For the first…
[ad_1] (Reuters) – Wall Street opened higher on Thursday as fears of a global trade war ebbed following signs that President Donald Trump’s proposed hefty import tariffs on steel and aluminum could exclude key trading partners. Traders work on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., March 7, 2018.…
[ad_1] WASHINGTON/PARIS/BEIJING (Reuters) – President Donald Trump promised on Thursday to show great flexibility and cooperation toward the United States’ “real friends” as he prepared to impose import tariffs that have provoked warnings of a trade war from Europe and China. Trump had been expected later in the day to sign a proclamation imposing 25…
[ad_1] PARIS/BEIJING (Reuters) – Europe and China warned President Donald Trump on Thursday they would respond in the event of a trade war with the United States, with one Brussels official saying retaliation could also target goods from areas governed by his Republican Party. Trump was expected later in the day to sign a proclamation…
[ad_1] WestJet Airlines Ltd. says chief executive Gregg Saretsky is retiring effective Thursday. Saretsky joined WestJet in June 2009 as vice-president, WestJet Vacations, and became chief executive in March 2010. Under Saretsky’s leadership, WestJet nearly doubled its fleet, launched WestJet Encore and started service to Europe. The airline says he is being replaced by Ed…
[ad_1] FRANKFURT (Reuters) – The European Central Bank dropped a long-standing pledge on Thursday to increase bond buys if needed, taking another small step in weaning the euro zone economy off protracted stimulus. FILE PHOTO: The European Central Bank (ECB) headquarters are pictured in Frankfurt, Germany, December 7, 2017. REUTERS/Ralph Orlowski/File Photo Keeping its broader…
[ad_1] U.S. President Donald Trump’s trade and manufacturing adviser says the president’s planned tariffs for steel and aluminum imports would not immediately apply to Canada and Mexico. Peter Navarro told Fox Business that Trump intends to sign a proclamation including such a clause favouring the two neighbouring countries. Navarro said the tariffs would go into effect within…
[ad_1] HONG KONG (Reuters) – China Resources Beer (Holdings) Co Ltd is in talks to acquire Heineken NV’s China business in a deal that could be worth more than $1 billion, as the country’s largest brewer seeks new growth from premium brands, five people close to the discussions said. FILE PHOTO: A Heineken sign is…
[ad_1] (Reuters) – U.S. health insurer Cigna Corp (CI.N) said on Thursday it would buy pharmacy benefits manager Express Scripts Holding Co (ESRX.O) for about $54 billion, the latest deal in the sector aimed at cutting soaring healthcare costs. Various medicine pills in their original packaging are seen in Ljubljana February 14, 2012. REUTERS/Srdjan Zivulovic…
[ad_1] (Reuters) – U.S. health insurer Cigna Corp (CI.N) said on Thursday it would buy pharmacy benefit manager Express Scripts Holding Co (ESRX.O) in a $67 billion cash-and-stock deal, including debt. Various medicine pills in their original packaging are seen in Ljubljana February 14, 2012. REUTERS/Srdjan Zivulovic Cigna’s offer consists of $48.75 in cash and…
[ad_1] SINGAPORE (Reuters) – Southeast Asia’s biggest ride-hailing firm, Grab, is in advanced negotiations to buy parts of Uber Technologies Inc’s business in the region, said a source with knowledge of the talks, in what would be Uber’s second retreat from an Asian market. FILE PHOTO: New hires relax at a lounge area in a…
[ad_1] RIYADH (Reuters) – Forbes magazine said on Thursday it was excluding all Saudi Arabian tycoons from its annual list of the world’s richest people after dozens of top businessmen from the oil-rich kingdom were detained in a crackdown on corruption last year. FILE PHOTO: Saudi Arabian billionaire Prince Alwaleed bin Talal sits for an…
[ad_1] LONDON (Reuters) – Relative calm returned to global markets on Thursday, as traders took a brief break from worrying about a global trade war and focused back on how fast the European Central Bank will end its 2.5 trillion euro stimulus program. FILE PHOTO: The European Central Bank (ECB) headquarters are pictured in Frankfurt,…
[ad_1] SINGAPORE (Reuters) – Southeast Asia’s biggest ride-hailing firm, Grab, is in advanced negotiations to buy parts of Uber Technologies Inc’s business in the region, said a source with knowledge of the talks, in what would be Uber’s second retreat from an Asian market. FILE PHOTO: New hires relax at a lounge area in a…
[ad_1] BERLIN (Reuters) – The German unit of European missiles maker MBDA and U.S. arms company Lockheed Martin Corp (LMT.N) have formed a joint venture to press ahead with a new air and missile defense system being negotiated with the German military, they said on Thursday. Lockheed Martin’s logo is seen during Japan Aerospace 2016…
[ad_1] OSLO (Reuters) – The ethics watchdog for Norway’s $1-trillion sovereign wealth may blacklist more companies that produce too much greenhouse gas by scrutinizing more industry sectors, including shipping and power. A general view of the Norwegian central bank in Oslo, Norway March 6, 2018. Picture taken March 6, 2018. REUTERS/Gwladys Fouche Carbon emissions became…
[ad_1] Ironically, U.S. President Donald Trump’s strident views on trade have turned the humdrum subject of exports and imports into the stuff of water cooler chatter. Presidential quotes that include hot words like “war” and “winning” are front-page news around the world. But the real economic bottom line in any trade action won’t be net exports, but whether Trump’s…
[ad_1] MUMBAI (Reuters) – Mehul Choksi, one of the central figures accused of involvement in an alleged fraud of nearly $2 billion against Punjab National Bank (PNBK.NS), criticized India’s investigating agencies in a letter alleging gross abuse of due process in the ongoing probe. FILE PHOTO: The logo of Punjab National Bank (PNB) is seen…
[ad_1] BERLIN (Reuters) – Volkswagen (VOWG_p.DE) will increase bonus payments to its staff in Germany by over 40 percent after the carmaker posted record profit and sales last year, a labor union publication showed. The logo of Volkswagen is seen during the 88th International Motor Show at Palexpo in Geneva, Switzerland, March 6, 2018. REUTERS/Denis…
[ad_1] SINGAPORE (Reuters) – Southeast Asia’s biggest ride-hailing firm, Grab, is in advanced negotiations to buy parts of Uber Technologies Inc’s business in the region and offer a stake in itself, said a source with knowledge of the talks, in a move that would mark Uber’s pullback from its global expansion. FILE PHOTO: A Grab…
[ad_1] TOKYO (Reuters) – Asian shares found relief on Thursday as fears about a global trade war amid U.S. President Donald Trump’s push to introduce protectionist tariffs were tempered by signs the move could include exemptions for key partners. FILE PHOTO: A man is reflected in an electronic stock quotation board outside a brokerage in…
[ad_1] SEOUL (Reuters) – South Korea announced on Thursday that it would offer about 240 billion won ($224.72 million) in loan guarantees and low-interest loans to regions hit by corporate restructuring, including the area of the local unit of General Motors’ (GM.N) soon-to-be-shut factory. FILE PHOTO: The main gate to GM Korea’s Gunsan factory is…
[ad_1] VALENCIA, Venezuela/CARACAS (Reuters) – When Colgate-Palmolive Co’s (CL.N) Venezuelan unit in January raised the price of laundry detergent to keep up with inflation that hit 85 percent the month before, it drew a swift rebuke from the government of President Nicolas Maduro, which demanded a nearly 90 percent price cut. Containers of laundry detergent…
[ad_1] BEIJING (Reuters) – China will respond as necessary in the event of a trade war with the United States, Foreign Minister Wang Yi said on Thursday, while warning that such a war would only harm all sides. FILE PHOTO: Chinese Foreign Minister Wang Yi answers media questions at the Uruguayan foreign ministry in Montevideo,…
[ad_1] (Reuters) – Apple Inc (AAPL.O) said on Wednesday it had found a higher number of serious violations of its labor and environmental policies for suppliers, such as falsifying work hours data, as it expanded the scope of its annual audit of conditions of workers making its iPhones and other products. FILE PHOTO: The Apple…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump plans to offer Canada and Mexico a 30-day exemption from planned tariffs on steel and aluminum imports, which could be extended based on progress in NAFTA talks, a White House official said on Wednesday night.The move, first reported by the Washington Post, followed comments earlier in the…
[ad_1] LONDON/FRANKFURT (Reuters) – Goldman Sachs (GS.N) has put more than a dozen UK-based banking, sales and trading staff on notice to move to Frankfurt within weeks, two sources with knowledge of the matter said, as it braces for divorce between Britain and the European Union. FILE PHOTO: A sign is displayed in the reception…
[ad_1] (Reuters) – The U.S. Air Force said the first delivery of KC-46 aerial refueling tankers from Boeing Co (BA.N), scheduled for the second quarter of 2018, would more likely occur late in the year. FILE PHOTO – Boeing’s KC-46 aerial refueling tanker conducts receiver compatibility tests with a U.S. Air Force C-17 Globemaster III…
[ad_1] WASHINGTON (Reuters) – The White House raised the possibility on Wednesday that impending hefty U.S. tariffs on steel and aluminum imports could exclude a clutch of countries besides Canada and Mexico as President Donald Trump looked set to authorize the measures as early as Thursday. Trump was expected to sign a presidential proclamation to…
[ad_1] WASHINGTON (Reuters) – Foreign banks have been excluded from a key provision relaxing oversight of small and mid-sized lenders under a modified version of a U.S. Senate bill that aims to ease rules introduced following the 2007-2009 global financial crisis. A red traffic light is photographed in front of the head quarters of Germany’s…
[ad_1] Over two years after leaving Aol (now known as Oath) back in September 2015 to build a new startup, serial entrepreneur Ryan Block, with co-founder Brian LeRoux, is finally taking the wraps off the new venture: Begin, an intelligent app designed to help you keep track of things that you have to do, and…
[ad_1] (Reuters) – Apple Inc said on Wednesday that it had found violations of its labor and environmental policies for suppliers, such falsifying work hours data, as it expanded the scope of its annual audit of conditions of workers making its iPhones and other products. FILE PHOTO: The Apple logo is pictured inside the newly…
[ad_1] TOKYO (Reuters) – Asian shares found relief on Thursday as fears about a global trade war amid U.S. President Donald Trump’s push to introduce protectionist tariffs were tempered by signs the move could include carve-outs for key partners. FILE PHOTO: A man is reflected in an electronic stock quotation board outside a brokerage in…
[ad_1] SAO PAULO (Reuters) – Amazon.com Inc met in Brazil last week with an array of manufacturers to discuss plans to stock and sell products from consumer electronics to perfume in the country, according to two people that took part in the meetings. FILE PHOTO: An Amazon.com Inc driver stands next to an Amazon delivery…
[ad_1] (Reuters) – Travis Kalanick, the former Uber chief executive, announced on Wednesday in a Twitter post that he is going to start an investment fund called 10100. FILE PHOTO: Former Uber Chief Executive Officer Travis Kalanick leaves the San Francisco federal court during a Waymo-Uber autonomous car secrets trial in San Francisco, California, U.S.,…
[ad_1] (Reuters) – Broadcom Ltd (AVGO.O) sought again to soothe U.S. security concerns around its bid for chipmaker Qualcomm Inc (QCOM.O) on Wednesday, saying it would stick with investments aimed at maintaining the United States’ leadership in 5G technology. FILE PHOTO – A sign to the campus offices of chip maker Broadcom Ltd, who announced…
[ad_1] WASHINGTON (Reuters) – The White House on Wednesday raised the possibility that impending hefty U.S. tariffs on steel and aluminum imports could exclude a clutch of countries other than Canada and Mexico as President Donald Trump planned to authorize the measures on Thursday. Trump is expected to sign a presidential proclamation establishing the tariffs…
[ad_1] WestJet Airlines says it’s still on course to launch its new Swoop ultra-low-cost carrier despite unresolved bargaining issues with the Air Line Pilots Association, as the two sides negotiate a first contract. The Canada Industrial Relations Board recently ordered WestJet to withdraw a new policy of offering its pilots a two-year leave of absence…
[ad_1] WASHINGTON (Reuters) – The U.S. trade deficit increased to a more than nine-year high in January, with the shortfall with China widening sharply, suggesting that President Donald Trump’s “America First” trade policies aimed at eradicating the deficit will likely fail. FILE PHOTO: Shipping containers are seen at the Port Newark Container Terminal in Newark,…
[ad_1] (Reuters) – Snapchat parent Snap Inc is laying off nearly 10 percent of its engineering team, or about 100 people, CNBC reported on Wednesday. FILE PHOTO: The Snapchat app logo is seen on a smartphone in this picture illustration taken September 15, 2017. REUTERS/Dado Ruvic/Illustration The layoffs would be Snap’s largest yet and the…
[ad_1] WASHINGTON (Reuters) – General Motors Co (GM.N) Chief Executive Mary Barra called on the U.S. Congress on Wednesday to expand a consumer tax credit for electric vehicles as the automaker said it would boost production of its EV Chevrolet Bolt in response to strong demand. CEO of General Motors Mary Barra speaks with energy…
[ad_1] NEW YORK (Reuters) – The S&P 500 ended slightly lower after Wednesday’s volatile session as investors struggled to get a read on U.S. trade policy after President Donald Trump promised hefty import tariffs but then said Mexico and Canada could be exempt. After falling as much as 0.97 percent, the S&P regained ground after…
[ad_1] WASHINGTON (Reuters) – The White House on Wednesday raised the possibility that U.S. tariffs on steel and aluminum imports could exclude a clutch of countries other than Canada and Mexico as pressure grew on U.S. President Donald Trump to impose targeted measures that would not harm America’s allies. Trump is set to authorize the…
[ad_1] WASHINGTON (Reuters) – U.S. Senators will convene a previously undisclosed hearing to focus on the status of Takata air bag inflator recalls, the largest, most complex recall process in auto history that some lawmakers say is too slow. FILE PHOTO: The logo of Takata Corp is seen on its display at a showroom for…
[ad_1] (Reuters) – The S&P 500 pared losses late on Wednesday after the White House said Canada and Mexico, and possibly other countries, may be exempted from planned U.S. import tariffs on steel and aluminum on the basis of national security. At 3:29 p.m. ET, the Dow Jones Industrial Average .DJI fell 95.98 points, or…
[ad_1] LONDON (Reuters) – Virgin Atlantic’s chief executive said he was confident a deal would be done to secure Britain’s flying rights after Brexit, as the airline launched an extra legroom economy seat to try to stand out from the crowd amid intense competition. FILE PHOTO: A Virgin Atlantic passenger jet flies past the Union…
[ad_1] WASHINGTON/LUXEMBOURG (Reuters) – A defiant U.S. President Donald Trump looked set to authorize steep tariffs on imported steel and aluminium this week as he stepped up pressure on China to develop a plan to reduce its trade imbalance with the United States by $1 billion. A day after the resignation of economic adviser Gary…
[ad_1] WASHINGTON (Reuters) – General Motors (GM.N) Chief Executive Mary Barra called on the U.S. Congress on Wednesday to expand a consumer tax credit for electric vehicles as the automaker said it would boost production of its EV Chevrolet Bolt in response to strong demand. FILE PHOTO: General Motors Chairman and CEO Mary Barra speaks…
[ad_1] Wall Street’s main indexes fell on Wednesday as U.S. President Donald Trump looked set to impose steep tariffs on imported steel and aluminum this week, a move that could spiral into a global trade war. The markets have been choppy, with the Dow falling more than 300 points at one point during the day,…
[ad_1] LONDON (Reuters) – Virgin Atlantic said it would offer a new type of economy seat with extra legroom, as it tries to stand out from the crowd at a time when low-cost airlines are intensifying competition on trans-Atlantic routes. FILE PHOTO: A Virgin Atlantic plane arrives at Liverpool John Lennon Airport in Liverpool northern…
[ad_1] (Reuters) – Wall Street’s main indexes fell on Wednesday as U.S. President Donald Trump looked set to impose steep tariffs on imported steel and aluminum this week, a move that could spiral into a global trade war. A trader works on the floor of the New York Stock Exchange, (NYSE) in New York, U.S.,…
[ad_1] LONDON/FRANKFURT/GENEVA (Reuters) – Renault (RENA.PA) and alliance partner Nissan (7201.T) are discussing plans for a closer tie-up in which the Japanese carmaker would acquire the bulk of the French state’s 15 percent Renault holding, people close to the matter told Reuters. FILE PHOTO: The Nissan logo is seen at the company’s display area during…
[ad_1] LONDON (Reuters) – Standard Chartered (STAN.L) has reached a provisional agreement to sell its real estate investment unit to private equity firm Actis, the bank’s Chief Financial Officer Andy Halford told Reuters on Wednesday. A logo of Standard Chartered is displayed at the financial Central district in Hong Kong, China November 23, 2017. REUTERS/Bobby…
[ad_1] U.S. President Donald Trump looked set on Wednesday to authorize steep tariffs on imported steel and aluminum this week as he stepped up pressure against China to develop a plan to reduce its trade imbalance with the United States by a billion dollars. A day after the resignation of his economic adviser, Gary Cohn,…
[ad_1] WASHINGTON/LUXEMBOURG (Reuters) – U.S. President Donald Trump looked set on Wednesday to authorize steep tariffs on imported steel and aluminium this week as he stepped up pressure against China to develop a plan to reduce its trade imbalance with the United States by a billion dollars. A day after the resignation of his economic…
[ad_1] WASHINGTON (Reuters) – The U.S. trade deficit increased to a more than nine-year high in January, with the shortfall with China widening sharply, suggesting that President Donald Trump’s “America First” trade policies are unlikely to have a material impact on the deficit. FILE PHOTO: Shipping containers are seen at the Port Newark Container Terminal…
[ad_1] Canadian National Railway Co. is apologizing for failing to keep grain shipments moving reliably by rail, and says it’s taking immediate steps to clear the backlog — including mobilizing more train cars and workers. The move comes just two days after CN dumped its president and CEO amid growing complaints that the backlog of…
[ad_1] LUXEMBOURG/GENEVA (Reuters) – Europe and the IMF urged Donald Trump on Wednesday to step back from the brink of a trade war, after the resignation of his economic adviser emboldened those encouraging him to push ahead with tariffs on imported steel and aluminum. European Commissioner Cecilia Malmstrom holds a news conference in Brussels, Belgium…
[ad_1] TOKYO (Reuters) – Japan’s financial regulator will slap administrative punishment notices on several cryptocurrency exchanges this week and plans to force some to suspend their business, people with direct knowledge of the matter said on Wednesday. FILE PHOTO: Cryptocurrency exchange Coincheck’s signboard is pictured in front of a building where their office is located…
[ad_1] The Bank of Canada did what was expected of it on Wednesday, opting not to change its benchmark interest rate from its current level of 1.25 per cent. But in a statement, it seemed to hint at concerns over growing trade protectionism in justifying its decision to not raise rates again this time around.…
[ad_1] The female-led investor group that had agreed to buy The Weinstein Company’s assets pulled its offer on Tuesday, and lead investor Maria Contreras-Sweet said the decision was made after the group “received disappointing information.” Two sources familiar with the matter told Reuters that the investor group pulled the offer after discovering the Hollywood studio’s…
[ad_1] The gap between what Canada buys from the rest of the world and what it sells to it narrowed to $1.9 billion in January, down from $3.1 billion the previous month. Statistics Canada reported Wednesday that both exports and imports fell during the month. But exports fell by less than imports did, which is…
[ad_1] FORT LAUDERDALE, Fl. (Reuters) – Atlanta Federal Reserve bank president Raphael Bostic said the central bank needs to take a wait-and-see attitude over the impact of the Trump administration’s proposed tariffs. President of the Federal Reserve Bank of Atlanta, Raphael W. Bostic seen in this handout photo obtained by Reuters October 6, 2017. Federal…
[ad_1] It seems that everyone agrees that meetings are a time suck. There have been many attempts to use technology to make it easier to organize and run them, but Voicera, a Bay area startup, is attacking the problem from a different angle. It wants to make it simpler to record meetings and pull out action…
[ad_1] NEW YORK (Reuters) – Exxon Mobil Corp (XOM.N), the world’s largest publicly traded oil producer, said on Wednesday it expects earnings to more than double by 2025 to $31 billion, with crude prices CLc1LCOc1 at or above current levels. FILE PHOTO: A logo of Exxon Mobil is displayed on a monitor above the floor…
[ad_1] NEW DELHI (Reuters) – India is likely to cut royalties paid to Monsanto Co (MON.N) by domestic companies for its genetically modified (GM) cotton seeds again, by 20 percent, industry and government sources said. FILE PHOTO: Farmers harvest cotton in a field in Nana Viramgam village in the western Indian state of Gujarat February…
[ad_1] LONDON (Reuters) – Europe and the IMF urged Donald Trump on Wednesday to step back from the brink of a trade war, after the resignation of his top economic adviser emboldened those encouraging him to push ahead with tariffs on imported steel and aluminum. FILE PHOTO: Steel bars for sale are displayed at a…
[ad_1] (Reuters) – U.S. stock index futures fell sharply on Wednesday after the resignation of top economic adviser Gary Cohn, a supporter of free trade in the White House, triggered worries that President Donald Trump may push ahead with plans to impose hefty metal tariffs and ignite a global trade war. FILE PHOTO: Traders work…
[ad_1] WASHINGTON (Reuters) – A delegation of workers from U.S. oil refining companies that oppose the nation’s biofuels policy will converge on Washington on Wednesday to try to convince lawmakers to find a way to lessen the regulation’s costs without hurting corn farmers. FILE PHOTO: U.S. President Donald Trump waves upon his arrival in West…
[ad_1] LONDON (Reuters) – As carmakers ramp up spending on self-driving and electric vehicles (EVs), many investors are betting their component suppliers will be the first winners from the technology shifts. FILE PHOTO: A car is parked at a charging point for electric vehicles in London, Britain, March 6, 2018. REUTERS/Simon Dawson/File Photo Asked how…
[ad_1] SYDNEY/SINGAPORE (Reuters) – A deadly earthquake that struck ExxonMobil’s $19 billion gas project in the mountains of Papua New Guinea is sparking a backlash against the U.S. energy giant that could prove harder to fix than buried roads and broken pipes. FILE PHOTO: The ExxonMobil Hides Gas Conditioning Plant process area is seen in…
[ad_1] TOKYO (Reuters) – Japan’s financial regulator will this week slap several cryptocurrency exchanges with administrative punishment notices and is considering forcing some to suspend their business, the Nikkei business daily reported on Wednesday. FILE PHOTO: Cryptocurrency exchange Coincheck’s signboard is pictured in front of a building where their office is located in Tokyo, Japan…
[ad_1] RIYADH/DUBAI (Reuters) – Crown Prince Mohammed bin Salman has directed the Saudi government to resolve a dispute with banks facing higher Islamic tax liabilities, banking sources say, in an attempt to avoid any damage to his push to diversify the economy. FILE PHOTO: Saudi Crown Prince Mohammed bin Salman attends the Future Investment Initiative…
[ad_1] LONDON (Reuters) – Global stocks and the dollar fell on Wednesday after a strong advocate of free trade resigned from the White House, fanning fears that U.S. President Donald Trump will proceed with protectionist tariffs and risk a trade war. FILE PHOTO: A man shelters under an umbrella as he walks past the London…
[ad_1] MUMBAI (Reuters) – The chief executive of India’s Punjab National Bank (PNB) (PNBK.NS) met officials of the serious fraud office on Wednesday, as authorities widened a probe into a $2 billion fraud that has been billed as the country’s biggest banking scam. Sunil Mehta (2nd L), Managing Director and Chief Executive Officer of Punjab…
[ad_1] CEOs from hundreds of energy companies are in Houston for a major conference this week, and for the handful who get to speak on stage, it’s a chance to make their pitch and sell their story directly to investors. For chief executives of companies like Total and Saudi Aramco, they stress that they are low-cost producers. For Canadian…
[ad_1] The Bank of Canada is not expected to change its benchmark interest rate on Wednesday morning. But that doesn’t mean the central bank thinks the economy is humming along the way it normally would. Trading in short-term investments known as overnight index swaps suggest there’s little chance — a little less than one in…
[ad_1] TOKYO (Reuters) – Global stocks and the dollar slumped on Wednesday after a strong White House advocate for free trade resigned, fanning fears that President Donald Trump will proceed with protectionist tariffs and risk a trade war. An investor checks stock information on a mobile phone at a brokerage house in Shanghai, China February…
[ad_1] NEW YORK (Reuters) – President Donald Trump’s plan to slap tariffs on imported steel and aluminum would barely budge the price of a Boeing Co jetliner or fighter plane, belying fears of a big blow to U.S. industry, aerospace analysts said. FILE PHOTO: The Boeing logo is seen on a Boeing 787 Dreamliner airplane…
[ad_1] HOUSTON (Reuters) – Exxon Mobil Corp’s (XOM.N) $200 million write-down last month on abandoned ventures in Russia – once its next big frontier – points to challenges facing Chief Executive Darren Woods in his second year leading the world’s largest publicly traded oil producer. FILE PHOTO: Darren Woods, Chairman & CEO of Exxon Mobil…
[ad_1] KUALA LUMPUR (Reuters) – The company behind the 2013 film, “The Wolf of Wall Street”, agreed to pay the United States government $60 million to settle a civil lawsuit that sought to seize assets allegedly bought with money stolen from a Malaysian state fund. FILE PHOTO – Producer Riza Aziz (L-R), cast members Leonardo…
[ad_1] SEOUL (Reuters) – Mercedes (DAIGn.DE) and BMW (BMWG.DE) both sold more cars in South Korea than General Motors (GM.N) for the first time last month, helped by the growing popularity of German premium brands and as consumers shied away from GM after it announced a major restructuring. FILE PHOTO: A truck driver checks his…
[ad_1] NEW YORK/DUBAI (Reuters) – Embattled private equity firm Abraaj has begun freeing large investors from millions of dollars in capital commitments after deciding to suspend its new fund, the Dubai-based asset manager said. FILE PHOTO – Arif Naqvi, Founder and Group Chief Executive of Abraaj Group attends the annual meeting of the World Economic…
[ad_1] TOKYO (Reuters) – Global stocks and the dollar slumped on Wednesday after a key advocate for free trade in the White House resigned, fanning fears that President Donald Trump will proceed with tariffs and risk a trade war. An investor checks stock information on a mobile phone at a brokerage house in Shanghai, China…
[ad_1] (Reuters) – The top executives of gun maker American Outdoor Brands Corp on Tuesday defended their safety efforts in a letter to asset manager BlackRock Inc posted on the website of the maker of Smith & Wesson guns. The BlackRock logo is seen outside of its offices in New York City, U.S., October 17,…
[ad_1] TOKYO (Reuters) – Global stocks and the dollar slumped on Wednesday after a key advocate for free trade in the White House announced his resignation, fanning fears President Donald Trump would go ahead with tariffs and risk a trade war. An investor checks stock information on a mobile phone at a brokerage house in…
[ad_1] (Reuters) – The female-led investor group that had agreed to buy The Weinstein Company’s assets pulled its offer on Tuesday, and lead investor Maria Contreras-Sweet said the decision was made after the group “received disappointing information.” Maria Contreras-Sweet listens to remarks during her ceremonial swearing-in as Administrator of the Small Business Administration at the…
[ad_1] MEXICO CITY (Reuters) – The window for a new NAFTA trade deal before Mexico’s July presidential election is closing, and with it, the chances for the ruling party to claim a win in its battle with U.S. President Donald Trump and bolster its bid to retain power. President Enrique Pena Nieto has devoted considerable…
[ad_1] NEW YORK (Reuters) – U.S. stock futures fell more than 1 percent late Tuesday after the resignation of U.S. President Donald Trump’s top economic adviser, Gary Cohn, fueled fears that the administration would follow through with plans to impose steel and aluminum tariffs, possibly triggering a trade war. White House officials said the dispute…
[ad_1] WASHINGTON (Reuters) – Economic nationalists appeared to gain the upper hand in a White House battle over trade with the resignation Donald Trump’s top economic adviser, Gary Cohn, on Tuesday in a move that could ramp up protectionist measures that risk igniting a global trade war. Cohn did not spell out the reasons for…
[ad_1] PARIS (Reuters) – Imminent airline decisions on $10 billion of wide-body plane orders could influence the fate of Airbus’ A330neo even before the recently upgraded jet completes flight trials, industry sources said. FILE PHOTO – People celebrate near an Airbus A330neo aircraft after its maiden flight event in Colomiers near Toulouse, France, October 19,…
[ad_1] NEW YORK (Reuters) – Virtual currencies like bitcoin can be regulated as commodities by the U.S. Commodity Futures Trading Commission, a federal judge ruled Tuesday. FILE PHOTO: A bitcoin logo is seen at a facility of the Youth and Sports Ministry in Caracas, Venezuela February 23, 2018. REUTERS/Marco Bello U.S. District Judge Jack Weinstein…
[ad_1] NEW YORK (Reuters) – U.S. prosecutors on Tuesday said former drug company executive Martin Shkreli should spend at least 15 years in prison after being convicted of fraud, saying his lack of remorse and respect for the law justified a long time behind bars. FILE PHOTO: Former drug company executive Martin Shkreli arrives at…
[ad_1] TOKYO (Reuters) – U.S. stock futures and the dollar slumped on Wednesday after a key advocate for free trade in the White House announced his resignation, fanning fears President Donald Trump would go ahead with tariffs and risk a trade war. FILE PHOTO: A man walks past an electronic stock quotation board outside a…
[ad_1] WestJet Airlines must change its hiring strategy for the company’s new bargain carrier, Swoop, an Air Line Pilots Association executive said on Tuesday, citing a recent Canadian labour board order. The country’s second-largest carrier can no longer recruit its pilots through two-year leaves of absence to fly for Swoop and will have to rescind…
[ad_1] Top White House economic adviser Gary Cohn, a Wall Street banker who became a key architect of the 2017 tax overhaul and a bulwark against protectionist forces within the Trump administration, is resigning, the White House said on Tuesday. “It has been an honour to serve my country and enact pro-growth economic policies to benefit the American people, in particular the…
[ad_1] NEW YORK (Reuters) – A Chicago fund manager that is closing after big losses in last month’s U.S. stock market plunge was sued on Tuesday for $16.4 million by its clearing broker Wells Fargo Securities for having allegedly missed required margin payments. FILE PHOTO: A Wells Fargo branch is seen in the Chicago suburb…
[ad_1] NEW YORK (Reuters) – U.S. consumers have filed a lawsuit against Kobe Steel Ltd (5406.T) and Toyota Motor Corp (7203.T) accusing the companies of violating consumer protection laws and engaging in fraud by concealing the use of substandard metal components in vehicles. The Kobe Steel (Kobelco) logo is seen on the company’s headquarters in…
[ad_1] WASHINGTON/MEXICO CITY (Reuters) – Republican lawmakers stepped up calls on Tuesday for President Donald Trump to pull back from proposed tariffs on steel and aluminum imports as Senate Majority Leader Mitch McConnell added to an avalanche of criticism. Senate Majority Leader Mitch McConnell (R-KY) speaks after the Senate Republican weekly policy luncheon on Capitol…
[ad_1] NEW YORK (Reuters) – U.S. stocks eked out a small gain on Tuesday after a choppy session as investors worried about the prospects of a trade war due to mixed signals from Washington on whether U.S. President Donald Trump would follow through with proposed tariffs. FILE PHOTO: Traders work on the floor at the…
[ad_1] Canada’s aluminum and steel producers urged the federal government to stand firm on trade issues with the United States Tuesday, even after President Donald Trump dangled the possibility of lifting tariffs on those metals in exchange for a NAFTA agreement that is more favourable to his country. Aluminium Association of Canada CEO Jean Simard…
[ad_1] NEW YORK (Reuters) – U.S. stocks eked out a small gain on Tuesday after a choppy session as investors worried about the prospects of a trade war due to mixed signals from Washington on whether U.S. President Donald Trump would follow through with proposed tariffs. FILE PHOTO: Traders work on the floor at the…
[ad_1] A strong economy is allowing Canadian officials to push for a better deal in negotiations on the North American Free Trade Agreement, Finance Minister Bill Morneau said Tuesday. Talks on the deal are “critically important” but Canada will remain firm in getting the best possible agreement, he told the Business Council of British Columbia.…
[ad_1] NEW YORK (Reuters) – Royal Bank of Scotland Group Plc (RBS.L) has reached a $500 million settlement with New York state to resolve claims over its sale of risky residential mortgage-backed securities that contributed to the 2008 global financial crisis. FILE PHOTO: A worker cleans the glass exterior next to the logo of RBS…
[ad_1] WASHINGTON (Reuters) – Democratic Senator Elizabeth Warren promised to fight a U.S. Senate bill easing bank rules introduced following the 2007-2009 global financial crisis as the chamber moved on Tuesday to begin debating the draft bipartisan legislation. FILE PHOTO – Senator Elizabeth Warren (D-MA) questions Jerome Powell on his nomination to become chairman of…
[ad_1] WASHINGTON/MEXICO CITY (Reuters) – Republican lawmakers stepped up calls for President Donald Trump to pull back from proposed tariffs on steel and aluminum imports as key trading partner Mexico rejected a bid by Washington to drive a wedge between it and Canada in talks to renegotiate the North American Free Trade Agreement. FILE PHOTO:…
[ad_1] The number of Toronto-area homes sold last month fell nearly 35 per cent and the average selling price dropped more than 12 per cent from historically high levels set last year, the Toronto Real Estate Board reported Tuesday. There was a total of 5,175 residential transactions through the board’s MLS system last month, down…
[ad_1] U.S. federal prosecutors want “Pharma Bro” Martin Shkreli to spend 15 years behind bars for his securities fraud conviction. The government has filed papers asking a New York City judge to impose the stiff term on the eccentric former pharmaceutical CEO at his sentencing on Friday. The papers portray the 34-year-old as an unrepentant…
[ad_1] BlackBerry Ltd. has filed a patent infringement lawsuit against Facebook, WhatsApp and Instagram. The suit was filed in U.S. Federal Court in Los Angeles. “We have a lot of respect for Facebook and the value they’ve placed on messaging capabilities, some of which were invented by BlackBerry,” said Sarah McKinney, head of public relations…
[ad_1] NEW YORK (Reuters) – U.S. prosecutors on Tuesday urged a federal judge to sentence former drug company executive Martin Shkreli to at least 15 years in prison for securities fraud, citing the defendant’s lack of remorse and respect for the law. FILE PHOTO: Former drug company executive Martin Shkreli arrives at U.S. District Court…
[ad_1] If you’ve ever been stuck in a boring meeting, chances are you might spend the time busy answering messages from email or Slack — or even just browsing around the Internet while you wait for it to finally end. And there are a lot of factors that go into making that meeting boring, from…
[ad_1] (Reuters) – A U.S. government national security panel said it identified potential risks that warrant a full investigation of Singapore-based Broadcom Ltd’s (AVGO.O) $117 billion bid for chipmaker Qualcomm Inc (QCOM.O), a senior U.S. Treasury official said in a letter to the companies on Monday. FILE PHOTO: Broadcom Limited company logo is pictured on…
[ad_1] (Reuters) – Citigroup Inc (C.N) is laying the foundation, through a growing network of mobile banking tools, to support the launch of a national digital consumer bank sometime within the next three years, its chief financial officer said on Tuesday. FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the SIBOS banking and…
[ad_1] FRANKFURT (Reuters) – BlackRock (BLK.N), George Soros and big sovereign wealth funds are among investors expressing interest in buying stakes in the initial public offering of Deutsche Bank’s (DBKGn.DE) asset management arm, a person familiar with the matter said on Tuesday. FILE PHOTO: The company logo and trading information for BlackRock is displayed on…
[ad_1] Lucidworks has been helping large organizations like Reddit with complex content build search tools that reach across massive content stores, but the company wanted to make the underlying search technology available to a wider market. Today, it released Lucidworks Site Search, a cloud service that enables companies to embed Lucidworks search in any application…
[ad_1] MEXICO CITY (Reuters) – Mexico’s Economy Minister Ildefonso Guajardo on Tuesday rejected making a bilateral trade treaty with the United States, saying the North American Free Trade Agreement, which is currently being renegotiated, must remain a three-country accord. On Monday, U.S. Trade Representative Robert Lighthizer said time to rework the deal was running “very…
[ad_1] To realize that the background check industry needs an overhaul look no further than the backlog of 700,000 background checks faced by the federal agency that handles all background checks for sensitive government positions. This backlog has essentially rendered background checks useless, as many agencies are able to give security clearances on a temporary…
[ad_1] HOUSTON (Reuters) – The global oil and gas industry needs to invest more than $20 trillion over the next 25 years to meet expected growth in demand and compensate for the natural decline in developed fields, Saudi Aramco Chief Executive Officer Amin Nasser said on Tuesday. Saudi Aramco Chief Executive Officer Amin Nasser speaks…
[ad_1] The Windsor, Ont.-area owner of a North American steel tube and pipe empire is backing U.S. President Donald Trump’s proposed tariffs and offering all employees a $1,000 annual bonus while the policy is in effect. Barry Zekelman said Trump’s talk about a 25 per cent tariff for steel and 10 per cent for aluminum provides an…
[ad_1] Isaac Oates runs a startup that’s looking to be a complete suite of operational tools like human resources and payroll for businesses — but he and his team initially didn’t get why users kept asking better reporting tools over and over again. It’s indicative of the constant push-and-pull startups and founders face when having…
[ad_1] McDonald’s, which has relied on frozen beef patties since the 1970s, said it’s launching Quarter Pounders made with fresh beef in about 3,500 restaurants starting Tuesday. It will be available in eight cities, including Atlanta, Miami and Salt Lake City, then roll out to most U.S. McDonald’s by May. (The Associated Press) McDonald’s is…
[ad_1] When an employee is looking to advance in their career, where they work might have a kind of strict hierarchical path for the role they’re in and what titles come next — but there’s a good chance that employee might want to try something new without leaving their company. Instead of going from just…
[ad_1] One of the country’s biggest retailers is betting bugs are the next big thing in Canadian cuisine. Loblaw Companies Ltd. is adding cricket powder to its lineup of President’s Choice products. In a statement Monday, Loblaw says the flour is high in protein and packed with vitamins and minerals. It also has a “neutral…
[ad_1] WeWork is acquiring Conductor. The two businesses might not seem like an obvious fit. Why would a coworking giant buy a company that’s best known for search engine optimization? Well, Conductor co-founder and CEO Seth Besmertnik said that he and WeWork CEO Adam Neumann went to college together, and they’ve “kept reconnecting and reconnecting…
[ad_1] FRANKFURT (Reuters) – BlackRock (BLK.N), George Soros and major sovereign wealth funds are among the investors expressing interest in buying stakes in the initial public offering of Deutsche Bank’s (DBKGn.DE) asset management arm, a person familiar with the matter said on Tuesday. FILE PHOTO: The company logo and trading information for BlackRock is displayed…
[ad_1] Imagine a tool that’s a kind of Facebook for data inside large organizations. You could build data projects and teams, upload and share data sets, then discuss your raw data and findings with colleagues in a community setting. That’s precisely what Data.world, an Austin startup, released today. Data is the lifeblood of most modern…
[ad_1] MEXICO CITY (Reuters) – Mexico’s Economy Minister Ildefonso Guajardo on Tuesday ruled out talk of a bilateral trade treaty with the United States, saying the North American Free Trade Agreement, which is currently being renegotiated, must remain a three-country accord. Canadian Foreign Minister Chrystia Freeland, Mexican Economy Minister Ildefonso Guajardo and U.S. Trade Representative…
[ad_1] With the boom of tech startups and the digitization of incumbent industries, there is a talent shortage in Silicon Valley But no sector has felt that shortage more than the non-profit space. Wethos is looking to change that. The company was founded by Rachel Renock, Claire Humphreys and Kristen Ablamsky with the express intent…
[ad_1] ATHENS (Reuters) – Hundreds of taxi drivers marched in central Athens on Tuesday to protest at what they called an “invasion” by Uber, and attacked passing cars they thought were being used by the ride-hailing service. Greek taxi drivers shout slogans during a protest against taxi-hailing apps such as Uber in Athens, Greece March…
[ad_1] DUBAI/LONDON/WASHINGTON (Reuters) – Saudi Crown Prince Mohammed bin Salman’s upcoming trip to Britain and the United States could shape the decision on where to list oil giant Aramco, at a time when sources say the chances of London and New York hosting the IPO appear to be receding. FILE PHOTO: Logo of Saudi Aramco…
[ad_1] Canada’s largest real estate board says home sales in the Greater Toronto Area fell nearly 35 per cent year over year in February, as selling prices dropped more than 12 per cent. The Toronto Real Estate Board reported 5,175 residential transactions through TREB’s MLS system last month, down 34.9 per cent compared to the…
[ad_1] GENEVA (Reuters) – Daimler (DAIGn.DE) Chief Executive Dieter Zetsche on Monday welcomed Geely [GEELY.UL] Chairman Li Shufu as a new shareholder and said any industrial alliance will depend on whether current China partner BAIC (1958.HK) agrees. FILE PHOTO: Daimler’s Chief Executive Dieter Zetsche attends the Bosch Connected World Conference in Berlin, Germany, February 21,…
[ad_1] (Reuters) – U.S. stock futures pointed to a higher opening on Tuesday on the prospect of talks between North Korea and the United States and increasing resistance to President Donald Trump’s proposed metals tariffs. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S.,…
[ad_1] NEW YORK (Reuters) – Target Corp’s (TGT.N) reported profit in the holiday quarter that fell short of analyst estimates even as sales beat forecasts, sending its shares down 2 percent in premarket trading on Tuesday. FILE PHOTO: Shoppers exit a Target store during Black Friday shopping in the Brooklyn borough of New York City,…
[ad_1] Last week, we reported that UiPath, a startup out of Romania building AI-based services for enterprises in the area of robotic process automation (RPA) — helping businesses automate mundane tasks in back-office IT systems — was about to close a big round, upwards of $120 million at a $1 billion-plus valuation. Today, the company…
[ad_1] BRUSSELS (Reuters) – IAG (ICAG.L) would consider buying more A380s from Airbus (AIR.PA) if the planemaker improves the pricing of the superjumbo, the airline group’s chief executive said on Tuesday. FILE PHOTO: Willie Walsh, CEO of International Airlines Group speaks during the closing press briefing at the 2016 International Air Transport Association (IATA) Annual…
[ad_1] TOKYO (Reuters) – Kobe Steel Ltd admitted on Tuesday its data fraud has been going on nearly five decades and also revealed new cases of cheating, highlighting the challenges facing the 112-year-old company mired in compliance failures and malfeasance. Kobe Steel President and CEO Hiroya Kawasaki attends a news conference in Tokyo, Japan March…
[ad_1] TOKYO (Reuters) – Kobe Steel Ltd said on Tuesday its CEO will step down to take responsibility for a widespread data fraud scandal, although doubts remain over a corporate culture mired in malfeasance and the possibility of future fines. Kobe Steel President and CEO Hiroya Kawasaki attends a news conference in Tokyo, Japan March…
[ad_1] GENEVA (Reuters) – PSA Group (PEUP.PA) boss Carlos Tavares said he will introduce demands that EU governments commit to develop electric-car networks in exchange for previously agreed CO2 emissions goals taking effect in 2020-21, backed by heavy fines. FILE PHOTO: Carlos Tavares, Chief Executive Officer and Chairman of the Managing Board of PSA Group,…
[ad_1] (Reuters) – U.S. deployments of energy storage systems will nearly triple this year thanks to sharply lower costs and state policies that support the case for installing batteries in homes, businesses and along the power grid. FILE PHOTO: The Tesla Energy Powerwall Home Battery is unveiled by Tesla Motors CEO Elon Musk during an…
[ad_1] LONDON (Reuters) – Share markets in Asia and Europe regained ground on Tuesday after U.S. President Donald Trump faced growing pressure from political allies to pull back from proposed steel and aluminum tariffs and a potential global trade war. FILE PHOTO: A man shelters under an umbrella as he walks past the London Stock…
[ad_1] TOKYO (Reuters) – When Bank of Japan Governor Haruhiko Kuroda spooked markets last week with talk of winding down the bank’s crisis-mode stimulus, he was describing a goal on the distant horizon – not warning of an imminent shift, say sources familiar with his thinking. FILE PHOTO: A Japanese flag flutters atop the Bank…
[ad_1] Speaking on the first day of a major global energy conference in Houston, Sen. Daniel Sullivan of Alaska was unequivocal in his assessment of the U.S. oil and gas sector. “There’s never been a more exciting time for the American energy industry,” Sullivan declared at the CERAWeek conference. “The American energy renaissance… is now in full swing.” ‘We continue to…
[ad_1] Can the United States be trusted anymore? When we hear about President Donald Trump’s latest overnight tweets on trade, the first reaction of most Canadians is to think about how it’s going to affect us. Evidently having a trade war with our biggest trade partner would not be a good thing for the Canadian economy.…
[ad_1] The once-struggling town of Smiths Falls, Ont., took a chance on the marijuana industry, and it paid off with the establishment of Canopy Growth Corp. Now the town is betting on luxury canal boat rentals to attract international tourists. Millions of taxpayer dollars helped sweeten the deal. Le Boat — a United Kingdom-based yacht company — has a strong track record…
[ad_1] TOKYO (Reuters) – Kobe Steel Ltd said on Tuesday its CEO will step down to take responsibility for a widespread data fraud scandal, although doubts remain over the company’s corporate culture and possible fines. Kobe Steel President and CEO Hiroya Kawasaki attends a news conference in Tokyo, Japan March 6, 2018. REUTERS/Toru Hanai Japan’s…
[ad_1] BRUSSELS (Reuters) – Ryanair (RYA.I) expects to exercise “pretty much all” of the options it has to buy Boeing’s 737 MAX 200 jets, chief executive Michael O’Leary said on Tuesday. FILE PHOTO: Ryanair Boeing 737-800 aircraft taxi at Manchester Airport, Britain, January 8, 2018. REUTERS/Phil Noble/File Photo Ryanair has options to buy 100 of…
[ad_1] GENEVA (Reuters) – The accelerating demise of diesel, long used by carmakers to boost fuel-efficiency, is undermining their plans to meet looming European Union CO2 goals, and avoid big annual fines. The I.D. Vizzion model car of Volkswagen is seen during at the 88th International Motor Show at Palexpo in Geneva, Switzerland, March 6,…
[ad_1] TOKYO (Reuters) – Asian shares regained ground on Tuesday after U.S. President Donald Trump faced growing pressure from political allies to pull back from proposed steel and aluminum tariffs, easing investor worries about an imminent trade war. FILE PHOTO: A man looks at an electronic stock quotation board outside a brokerage in Tokyo, Japan…
[ad_1] TOKYO (Reuters) – Kobe Steel Ltd said on Tuesday that an external investigation into a data-cheating scandal had found a new case of inappropriate corporate behavior. FILE PHOTO – Kobe Steel President and CEO Hiroya Kawasaki attends a news conference in Tokyo, Japan, November 10, 2017. REUTERS/Toru Hanai/File Photo Announcing the results of the…
[ad_1] Superior Court has appointed a litigation investigator to review $3 billion in payments made to Sears Canada shareholders, while the company’s pension fund had a nearly $300 million shortfall. The court has ordered litigation investigator Lax O’Sullivan Lisus Gottlieb LLP to look into the claims and report to a committee of creditors with recommendations…
[ad_1] MEXICO CITY (Reuters) – Mexican and U.S. officials pushed on Monday to speed up NAFTA negotiations, with the United States floating the idea of reaching an agreement “in principle” in coming weeks to avoid political headwinds later this year. U.S. Trade Representative Robert Lighthizer, showing impatience at the slow pace of the talks, said…
[ad_1] WASHINGTON (Reuters) – A nonprofit group with a mission to protect democracy filed a lawsuit on Monday seeking any records of communications between the White House and the Justice Department over Walt Disney Co’s (DIS.N) $52.4 billion deal to buy film, television and international businesses from Rupert Murdoch’s Twenty-First Century Fox Inc (FOXA.O). FILE…
[ad_1] (Reuters) – Kobe Steel Ltd Chief Executive Officer Hiroya Kawasaki will step down in connection with a quality scandal that shook the Japanese manufacturing industry last year, the Nikkei reported on Tuesday. FILE PHOTO – Kobe Steel President and CEO Hiroya Kawasaki attends a news conference in Tokyo, Japan October 13, 2017. REUTERS/Kim Kyung-Hoon/File…
[ad_1] TOKYO (Reuters) – Asian share regained some ground on Tuesday after U.S. President Donald Trump faced growing pressure from political allies to pull back from proposed steel and aluminum tariffs, easing investor worries about an imminent trade war. FILE PHOTO: A man looks at an electronic stock quotation board outside a brokerage in Tokyo,…
[ad_1] WASHINGTON (Reuters) – A nonprofit group with a mission to protect democracy filed a lawsuit on Monday seeking any records of communications between the White House and the Justice Department over Walt Disney Co’s (DIS.N) $52.4 billion deal to buy film, television and international businesses from Rupert Murdoch’s Twenty-First Century Fox Inc (FOXA.O). FILE…
[ad_1] TOKYO (Reuters) – Asian share regained some ground on Tuesday after U.S. President Donald Trump faced growing pressure from political allies to pull back from proposed steel and aluminum tariffs, easing investor worries about an imminent trade war. FILE PHOTO: A man looks at an electronic stock quotation board outside a brokerage in Tokyo,…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump faced growing pressure on Monday from political and diplomatic allies as well as U.S. companies urging him to pull back from proposed steel and aluminum tariffs, although he said he would stick to his guns. Inside the White House, there still appeared to be confusion about the…
[ad_1] WASHINGTON (Reuters) – A nonprofit group with a mission to protect democracy filed a lawsuit on Monday seeking any records of communications between the White House and the Justice Department over Walt Disney Co’s (DIS.N) $52.4 billion deal to buy film, television and international businesses from Rupert Murdoch’s Twenty-First Century Fox Inc (FOXA.O). FILE…
[ad_1] MEXICO CITY (Reuters) – The top U.S. trade envoy said on Monday that bilateral deals could replace NAFTA if the pact is not renegotiated soon, ramping up pressure on Canada and Mexico, already smarting from President Donald Trump’s plan to impose steel and aluminum tariffs. The flags of Canada, Mexico and the U.S. are…
[ad_1] (Reuters) – Influential proxy advisory firm Glass Lewis said Tesla Inc (TSLA.O) shareholders should vote against a proposal to grant Chief Executive Officer Elon Musk performance-based stock options worth about $2.62 billion. FILE PHOTO: SpaceX founder Elon Musk smiles at a press conference following the first launch of a SpaceX Falcon Heavy rocket at…
[ad_1] (Reuters) – Boeing (BA.N) workers at an aircraft factory in South Carolina are seeking union representation, the company said on Monday, about one year after the planemaker defeated a high-profile union drive at the plant. FILE PHOTO: File Picture: Construction cranes and palm trees line the entrance at South Carolina Boeing in North Charleston,…
[ad_1] (Reuters) – Telstra Corp (TLS.AX) and News Corp (NWSA.O) on Tuesday said they agreed to combine Foxtel and Fox Sports Australia, two months after Australia’s competition watchdog dropped its opposition to the merger. FILE PHOTO: A public phone booth displaying the logo for Telstra Corp Ltd, Australia’s biggest telecommunications company, stands outside the Cooladdi…
[ad_1] NEW YORK (Reuters) – U.S. stocks rallied on Monday as fears of a global trade war ebbed with investors betting that U.S. President Donald Trump would back down on his threat to impose hefty tariffs on steel and aluminum imports. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE)…
[ad_1] NEW YORK (Reuters) – U.S. stocks rallied on Monday as fears of a global trade war ebbed with investors betting that U.S. President Donald Trump would back down on his threat to impose hefty tariffs on steel and aluminum imports. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE)…
[ad_1] MEXICO CITY (Reuters) – Canada and Mexico on Monday pushed back against President Donald Trump’s suggestion that steel and aluminum tariffs could be waived if they signed a new and“fair” NAFTA deal, setting the stage for a tense end to the latest talks to update the trade pact. NAFTA banner is pictured inside a…
[ad_1] WASHINGTON/MEXICO CITY (Reuters) – U.S. President Donald Trump increased pressure on Canada and Mexico over trade on Monday, saying the two could avoid being caught in his planned hefty tariffs on steel and aluminum if they ceded ground in talks on a new NAFTA trade deal. FILE PHOTO: A worker inspects wire rod at…
[ad_1] LONDON/FRANKFURT/MILAN (Reuters) – Fiat Chrysler Automobiles NV (FCA) (FCHA.MI) is looking to spin off auto-parts business Magneti Marelli to its shareholders via a Milan listing that will not raise money by selling new shares, four sources familiar with the matter said. FILE PHOTO: A screen displays the ticker information for Fiat Chrysler Automobiles NV…
[ad_1] The Canadian dollar dipped below 77 cents US on Monday, its lowest level since last July as fears of a trade war cast a gloomy shadow on the Canadian economy’s prospects. The loonie was off by almost two thirds of a cent in the afternoon, changing hands at 76.96 US. The currency began February…
[ad_1] PARIS (Reuters) – Airbus has set a goal of tripling services revenues from its commercial aircraft business to $10 billion within seven years and sharply reducing the number of times its jets are stranded on the ground for technical reasons, industry sources said. The logo of Airbus is pictured during Airbus annual press conference…
[ad_1] TORONTO/HOUSTON (Reuters) – Chevron Corp is exploring options including the sale of a minority stake in its Canadian liquefied natural gas (LNG) project as it pushes ahead, three people familiar with the matter told Reuters. FILE PHOTO: The logo of Dow Jones Industrial Average stock market index listed company Chevron (CVX) is seen in…
[ad_1] LONDON (Reuters) – Automaker BMW is working with a London-based start-up to use transaction-recording technology blockchain to prove batteries for its electric vehicles will contain only clean cobalt, the start-up’s CEO said. FILE PHOTO: The BMW booth displays the company logo at the North American International Auto Show in Detroit, Michigan, U.S. January 16,…
[ad_1] A U.S. federal judge on Monday ordered Martin Shkreli, the former drug company executive convicted of defrauding investors, to forfeit $7.36 million US in assets, which could include a Picasso painting and a one-of-a-kind album by the Wu-Tang Clan. U.S. District Judge Kiyo Matsumoto in Brooklyn said the assets Shkreli could forfeit to satisfy…
[ad_1] Salesforce introduced a new feature to Einstein Analytics today called ‘Conversational Queries’. It’s not conversational in the Alexa sense of conversation, at least not yet, but it does recognize the most common phrasing as you’re typing, providing an automated way to build queries and access data. “Now, with Conversational Queries, users can type phrases…
[ad_1] NEW YORK (Reuters) – A federal judge on Monday ordered Martin Shkreli, the former drug company executive convicted of defrauding investors, to forfeit $7.36 million in assets, which could include a Picasso painting and a one-of-a-kind album by the Wu-Tang Clan. FILE PHOTO: Former drug company executive Martin Shkreli arrives at U.S. District Court…
[ad_1] HOUSTON/LONDON (Reuters) – U.S. shale oil output is set to surge over the next five years, stealing market share from OPEC producers and moving the United States, once the world’s top oil importer, closer to self sufficiency, the International Energy Agency said on Monday. A landmark deal in 2017 between OPEC and rivals including…
[ad_1] WASHINGTON/MEXICO CITY (Reuters) – U.S. President Donald Trump increased pressure on Canada and Mexico over trade on Monday, saying the two could avoid being caught in his planned hefty tariffs on steel and aluminum imports if they ceded ground to Washington in talks on a new NAFTA trade deal. FILE PHOTO: A worker inspects…
[ad_1] Canadian National Railway Co. has replaced president and chief executive Luc Jobin, saying its board of directors believes the company needs a more energetic leader who will speed up execution of its strategic vision. The Montreal-based company also said it recognizes the railway has had operational and customer service challenges since last fall when…
[ad_1] Strong global demand for oil and gas will shift in the next five years towards petrochemicals and away from motor fuels gasoline and diesel, the International Energy Agency (IEA) said on Monday. Demand for products ranging from fertilizers to plastics and beauty products will drive roughly a quarter of the expected oil demand growth…
[ad_1] A Massachusetts Institute of Technology research group that this week reported nearly three-quarters of Uber Technologies and Lyft Inc drivers earned below minimum wage is revisiting its study after a tweeted challenge by Uber CEO Dara Khosrowshahi. The study, by the MIT Center for Energy and Environmental Policy Research, found that drivers’ median pretax…
[ad_1] The Canadian Federation of Independent Business has struck a deal with payment processing firm Chase Merchant Services that will see CFIB members — as long as they use Chase’s network — pay much lower fees whenever customers pay for their purchase with an American Express credit card. The two companies announced the deal on…
[ad_1] Virtru co-founder Will Ackerly developed the company’s underlying encryption technology while he was working as an engineer at the NSA, so it’s fair to say he knows a thing or two about the subject. The company has been delivering encryption products for email and files in transit for several years now, mainly through a…
[ad_1] (Reuters) – A U.S. government panel on Sunday ordered Qualcomm Inc (QCOM.O) to delay its March 6 shareholder meeting, an unprecedented move that cast new doubt on Singapore-based Broadcom Ltd’s (AVGO.O) $117 billion bid for its U.S. semiconductor peer. FILE PHOTO: A Qualcomm sign is pictured in front of one of its many buildings…
[ad_1] U.S. President Donald Trump says he would only relieve Canada from the tariffs he has been threatening on steel and aluminum if a “new and fair” North American Free Trade Agreement is signed. The president took to Twitter on Monday to reiterate his views that NAFTA, which is undergoing contentious renegotiations, is a job loser for the…
[ad_1] (Reuters) – The Dow Jones Industrial Average fell for the fifth straight day on Monday as concerns about a global trade war following President Donald Trump’s threat to impose hefty tariffs kept investors on the edge. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York…
[ad_1] (Reuters) – U.S. stocks opened lower on Monday as investors remained concerned about the increasing likelihood of a global trade war following President Donald Trump’s threat to impose hefty tariffs. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 2, 2018. REUTERS/Andrew…
[ad_1] WASHINGTON/MEXICO CITY (Reuters) – U.S. President Donald Trump on Monday appeared to suggest that Canada and Mexico could win exemptions to his planned sweeping tariffs on steel and aluminum if the two countries sign a new NAFTA trade deal and take other steps. FILE PHOTO: A worker inspects wire rod at TIM stainless steel…
[ad_1] MEXICO CITY (Reuters) – Ministers from the United States, Canada and Mexico meet on Monday to wrap up the latest round of NAFTA talks under the shadow of U.S. President Donald Trump’s proposed steep tariffs on steel and aluminum imports. NAFTA banner is pictured inside a hotel where the seventh round of NAFTA talks…
[ad_1] (Reuters) – S&P 500 and Dow Jones Industrials futures pointed to a lower opening for Wall Street on Monday, tracking broad losses on world markets due to worries over Italy and concerns that President Donald Trump has launched a global trade war. FILE PHOTO: Traders work on the floor at the New York Stock…
[ad_1] (Reuters) – Canadian National Railway Co said on Monday Chief Executive Officer Luc Jobin would step down immediately. FILE PHOTO: Railcars stand idle at the Canadian National (CN) railyards in Edmonton February 22, 2015. REUTERS/Dan Riedlhuber The move comes as the railroad struggles to cope with a surge in demand and a harsh winter,…
[ad_1] (Reuters) – Canadian National Railway Co (CNR.TO) said on Monday Chief Executive Officer Luc Jobin is stepping down, effective immediately. FILE PHOTO: Railcars stand idle at the Canadian National (CN) railyards in Edmonton February 22, 2015. REUTERS/Dan Riedlhuber Canada’s largest railroad has appointed Chief Marketing Officer Jean-Jacques Ruest as interim CEO. Reporting by John…
[ad_1] NAPLES, Fla. (Reuters) – Michael Korchmar was hiring. His family-owned travel-goods company was planning to make a new product, an insulated food bag, and he had put out help-wanted notices for up to 30 workers to run the sewing machines in his small factory on Florida’s Gulf Coast. Those plans are now on hold.…
[ad_1] BOSTON (Reuters) – For three years, the mutual funds in Fidelity’s flagship retirement franchise have outperformed at least 85 percent of their competitors, reversing a decade-long trend of subpar performance. FILE PHOTO: A sign marks a Fidelity Investments office in Boston, Massachusetts, U.S. September 21, 2016. REUTERS/Brian Snyder/File Photo And yet client money has…
[ad_1] LONDON (Reuters) – Investors sold shares in BMW (BMWG.DE) and Daimler (DAIGn.DE) on Monday after President Donald Trump said the U.S. may tax imports of European cars if the EU retaliates against his plan to impose tariffs on aluminum and steel. The BMW booth displays the company logo at the North American International Auto…
[ad_1] LONDON (Reuters) – World stocks and emerging markets fell for the fifth straight day on Monday, hammered by fears of a global trade war and the prospect of political instability in Europe after inconclusive elections in Italy. FILE PHOTO: A man walks past an electronic stock quotation board outside a brokerage in Tokyo, Japan,…
[ad_1] PARIS (Reuters) – France’s AXA (AXAF.PA) moved to buy Bermuda-based XL Group (XL.N) for $15.3 billion on Monday to create what it said would be a world leader in property and casualty insurance. Logos of French insurer Axa are seen on a building in Nanterre, near Paris, March 8, 2016. REUTERS/Christian Hartmann/File Photo Europe’s…
[ad_1] (Reuters) – Broadcom Ltd (AVGO.O) said on Monday Qualcomm Inc (QCOM.O) secretly requested an U.S. national security panel on Jan. 29 to start an investigation into its proposed $117 billion buyout offer, leading to a delay in Qualcomm’s March 6 shareholder meeting. The logo of Qualcomm is seen during the Mobile World Congress in…
[ad_1] BEIJING (Reuters) – China aims to expand its economy by around 6.5 percent this year, the same as in 2017, while pressing ahead with its campaign to reduce risks in the financial system, Premier Li Keqiang said Monday. Chinese Premier Li Keqiang claps hands as he delivers his speech during the opening session of…
[ad_1] SYDNEY (Reuters) – Asian investors dumped shares and drove to the safety of the yen and gold on Monday amid fears of a global trade war and worries of political uncertainty in Italy, risks that cloud the outlook for world growth. FILE PHOTO: A man walks past an electronic stock quotation board outside a…
[ad_1] SYDNEY (Reuters) – Asian shares stumbled to near three-week lows on Monday amid fears of a global trade war, while the euro was unsteady in currency markets due to worries that an anti-establishment coalition government could emerge from elections in Italy. FILE PHOTO: A man walks past an electronic stock quotation board outside a…
[ad_1] SEOUL (Reuters) – Almost 2,500 workers at General Motors’ South Korean unit, equivalent to 15 percent of its staff, have applied for a redundancy package that the U.S. automaker is offering as part of a drastic restructuring, union officials said. The GM logo is seen in Warren, Michigan, U.S. on October 26, 2015. REUTERS/Rebecca…
[ad_1] BEIJING (Reuters) – China aims to expand its economy by around 6.5 percent this year, the same as in 2017, Premier Li Keqiang said in remarks prepared for delivery at the opening of the annual meeting of parliament on Monday. Labourers walk outside a construction site in Beijing’s central business area, China February 4,…
[ad_1] Instead of getting a cheque for his truck that was written off after a crash, a Saskatchewan man says his insurer decided to repair the vehicle rather than replace it leaving him with a truck he believes is unsafe to drive. “[I got] a truck back with one working headlight, a bent frame, wheel…
[ad_1] SYDNEY (Reuters) – Asian shares hovered near 2-1/2 week lows and the safe-haven yen rose on Monday amid fears of a global trade war, while the euro pared gains as investors worried Italy’s national elections could deliver an anti-establishment government. FILE PHOTO: A man walks past an electronic stock quotation board outside a brokerage…
[ad_1] BEIJING (Reuters) – Some Chinese aluminum producers that shut smelters during a winter crackdown on pollution may not reopen this spring once output curbs are lifted, as planned new capacity by state-run companies threatens to overwhelm demand and cut into profits. FILE PHOTO: An employee looks at an aluminium foil roll being lifted at…
[ad_1] BEIJING (Reuters) – China aims to expand its economy by around 6.5 percent this year, the same as in 2017, Premier Li Keqiang said in remarks prepared for delivery at the opening of the annual meeting of parliament on Monday. Labourers walk outside a construction site in Beijing’s central business area, China February 4,…
[ad_1] SYDNEY (Reuters) – U.S. stock futures slipped and the safe-haven yen rose on Monday amid fears of a global trade war, while the euro was volatile after results of exit polls for Italy’s elections pointed to a hung parliament. FILE PHOTO: A man walks past an electronic stock quotation board outside a brokerage in…
[ad_1] CHICAGO/NANTONG, China (Reuters) – At a Caterpillar facility in the eastern Chinese city of Nantong, an array of excavators, earth movers and road-making machinery is displayed on slopes and in mud pits. FILE PHOTO: A Caterpillar excavator is displayed at the China Coal and Mining Expo 2013 in Beijing, China October 22, 2013. REUTERS/Kim…
[ad_1] SYDNEY (Reuters) – The dollar stayed on a slippery slope on Monday amid fears of a global trade war, while the euro dipped briefly but rebounded quickly after results of exit polls for Italy’s elections pointed to a hung parliament. FILE PHOTO: A man walks past an electronic stock quotation board outside a brokerage…
[ad_1] MEXICO CITY (Reuters) – An influential U.S. lawmaker said on Sunday all fairly traded steel and aluminum, especially from Canada and Mexico, should be excluded from President Donald Trump’s proposed tariffs, as he sought to calm tensions at major trade talks in Mexico. FILE PHOTO: Rep. Kevin Brady (R-TX), Chairman of the House Ways…
[ad_1] NEW YORK (Reuters) – Shares of several homebuilders look attractive as the U.S. housing market could strengthen further, Barron’s reported in its latest issue. FILE PHOTO: Workers install roof trusses onto a new house in Arvada, Colorado July 10, 2017. REUTERS/Rick Wilking With strong demand, lack of inventory and modest annual price gains, industry…
[ad_1] MEXICO CITY (Reuters) – Kevin Brady, chairman of the U.S. House Ways and Means Committee, said on Sunday all fairly traded steel and aluminum, especially from Canada and Mexico, should be excluded from President Donald Trump’s proposed tariffs. FILE PHOTO: Rep. Kevin Brady (R-TX), Chairman of the House Ways and Means Committee, arrives for…
[ad_1] MEXICO CITY (Reuters) – The top U.S. Republican lawmaker overseeing trade policy said on Sunday all fairly traded steel and aluminum should be excluded from President Donald Trump’s tariffs, especially those of NAFTA partners Canada and Mexico. FILE PHOTO: Rep. Kevin Brady (R-TX), Chairman of the House Ways and Means Committee, arrives for a…
[ad_1] If Canadians are hoping to be spared from American tariffs, they may be disappointed. A White House official told the U.S. Sunday talk shows that President Donald Trump has made up his mind: steel and aluminum tariffs will apply to everyone. That includes America’s No. 1 supplier of both: Canada. White House trade official…
[ad_1] WASHINGTON (Reuters) – A top trade adviser to U.S. President Donald Trump said on Sunday a process will be in place for businesses to get exemptions from the White House plan to place steep tariffs on steel and aluminum, offering the first indication a tariff hike could be less broad than first thought. U.S.…
[ad_1] A return to volatility on global stock markets in early February may be the catalyst needed to warn investors about the impact of fees on returns — a feat that regulators haven’t accomplished so far. “Failing investment values tend to make people scrutinize everything more closely,” Dan Hallett, vice-president of HighView Financial Group in…
[ad_1] BERLIN (Reuters) – German engineering group Siemens (SIEGn.DE) set the price range for the planned initial public offering (IPO) of its medical imaging and diagnostics business on Sunday, valuing the division at a smaller than expected 31 billion euros ($38.18 billion). FILE PHOTO – Siemens logo is pictured at Siemens Healthineers headquarters in Erlangen…
[ad_1] MEXICO CITY (Reuters) – Canadian Foreign Minister Chrystia Freeland will on Sunday meet a top U.S. Republican lawmaker overseeing trade as tensions between the two neighbors ramp up over possible American steel and aluminum tariffs. Canadian Foreign Minister Chrystia Freeland gives a speech during a joint news conference with Mexican Foreign Minister Luis Videgaray…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump has spoken to multiple world leaders about tariff hikes on steel and aluminum but still has no plans for exemptions, Commerce Secretary Wilbur Ross said on Sunday, but he would not rule out the prospect. U.S. President Donald Trump listens to reporters as walks with first lady…
[ad_1] HOUSTON (Reuters) – The oil industry’s biggest names gather this week at CERAWeek, the largest energy industry get-together in the Americas, at a time when U.S. shale production is booming, global demand is rising and crude prices are at a sweet spot for both big U.S. producers and OPEC. FILE PHOTO: An offshore oil…
[ad_1] BERLIN (Reuters) – German engineering group Siemens (SIEGn.DE) said on Sunday it expected proceeds of 3.90 billion-4.65 billion euros ($4.8 billion-$5.7 billion) from the planned initial public offering of its medical imaging and diagnostics business. FILE PHOTO – Siemens logo is pictured at Siemens Healthineers headquarters in Erlangen near Nuremberg, Germany on October 7,…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump has spoken to world leaders about his planned tariff hikes on steel and aluminum and is not considering any exemptions to the measure, Commerce Secretary Wilbur Ross said on Sunday. U.S. President Donald Trump listens to reporters as walks with first lady Melania Trump on South Lawn…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump has spoken to world leaders about his planned tariff hike on steel and aluminum and is not considering any exemptions to the measure, Commerce Secretary Wilbur Ross said on Sunday. U.S. President Donald Trump listens to reporters as walks with first lady Melania Trump on South Lawn…
[ad_1] LONDON (Reuters) – Prime Minister Theresa May defended her decision to rule out so-called‘passporting’ rights for banks after Brexit, saying Britain could not become a“rule taker” when it came to financial services. Britain’s Prime Minister Theresa May leaves after delivering a speech about her vision for Brexit, at Mansion House in London, Britain, March…
[ad_1] LONDON (Reuters) – The revival of Germany’s grand coalition should aid stability and keep the euro zone’s plans for tighter fiscal union on track, investors and analysts said as months of political uncertainty ended on Sunday. Traders work at Frankfurt’s stock exchange in Frankfurt, Germany, February 6, 2018. Picture taken with a fisheye lens.…
[ad_1] PARIS (Reuters) – U.S. e-commerce giant Amazon (AMZN.O) aims to launch its grocery delivery service in France as part of global ambitions to expand in food retail, though the move is not imminent, its general manager for France said in a newspaper interview. The Amazon logo is seen at the Young Entrepreneurs fair in…
[ad_1] BERLIN (Reuters) – Volkswagen (VOWG_p.DE) intends to change the legal structure of its trucks business this month as a first step towards an initial public offering (IPO) of the division, German paper Handelsblatt reported. Flags of German car maker Volkswagen are seen at the IAA truck show in Hanover, September 22, 2016. REUTERS/Fabian Bimmer…
[ad_1] FRANKFURT (Reuters) – Li Shufu, the founder and main owner of China’s Geely [GEELY.UL], has no plans to buy further stakes in carmakers after building up a holding of almost 10 percent in Germany’s Daimler (DAIGn.DE), he told a German newspaper. FILE PHOTO: A logo of Geely automobile company is seen on a car…
[ad_1] OSLO (Reuters) – Many Norwegian companies lag high standards for reporting their impact on the environment that the Nordic nation’s $1 trillion wealth fund is championing abroad in 2018. FILE PHOTO: Norwegian sovereign wealth fund (SWF) CEO Yngve Slyngstad listens during an interview in Oslo, Norway, June 2, 2017. REUTERS/Ints Kalnins/File Photo The world’s…
[ad_1] Stephanie Oliinyk is feeling burned by her new customer rewards program, PC Optimum. She says she lost 200,000 points — worth $200 in rewards — after switching to the program, and no one at PC Optimum has helped her get them back. “They’re just ignoring me,” said Oliinyk, who lives in Oakville, Ont. “I just find it…
[ad_1] Miss something this week? Don’t panic. CBC’s Marketplace rounds up the consumer and health news you need. Want this in your inbox? Get the Marketplace newsletter every Friday. Shifty door-to-door sales tactics A former Bell sales rep says he was coached to not mention fine print in contracts, and to fudge on prices and internet speeds. Other door-to-door Bell salespeople also…
[ad_1] MEXICO CITY (Reuters) – Donald Trump may be president of the United States but his words do not necessarily carry the weight of the U.S. government at the biggest trade shake-up he is pushing. Sometimes, it is better to block them out and carry on, participants say. NAFTA banner is pictured inside a hotel…
[ad_1] FRANKFURT (Reuters) – Li Shufu, the founder and main owner of China’s Geely [GEELY.UL], has no plans to buy further stakes in carmakers after building up a holding of almost 10 percent in Germany’s Daimler (DAIGn.DE), he told a German newspaper. FILE PHOTO: A logo of Geely automobile company is seen on a car…
[ad_1] WASHINGTON (Reuters) – A U.S. judge late Friday dismissed a lawsuit filed by institutional investors who purchased bonds from Volkswagen AG’s (VOWG_p.DE) U.S. unit and claimed the automaker had made false and misleading statements before its massive diesel emissions scandal became public. FILE PHOTO: A car with the Volkswagen VW logo badge is seen…
[ad_1] PARIS (Reuters) – The European Union this month will unveil plans to tax large global tech companies’ revenue at a rate in the 2-to-6-percent range, though more likely closer to 2 than to 6 percent, French Finance Minister Bruno Le Maire said in a newspaper interview. FILE PHOTO: The Amazon logo is seen at…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump kept up pressure on trading partners on Saturday, threatening European automakers with a tax on imports if the European Union retaliates against his plan to slap tariffs on aluminum and steel. FILE PHOTO: Cars for export stand in a parking area at a shipping terminal in the…
[ad_1] (Reuters) – A Massachusetts Institute of Technology research group that this week reported nearly three-quarters of Uber Technologies [UBER.UL] and Lyft Inc drivers earned below minimum wage is revisiting its study after a tweeted challenge by Uber Chief Executive Dara Khosrowshahi. FILE PHOTO: Uber’s logo is pictured at its office in Tokyo, Japan, November…
[ad_1] MEXICO CITY (Reuters) – Donald Trump may be president of the United States but his words do not necessarily carry the weight of the U.S. government at the biggest trade shake-up he is pushing. Sometimes, it is better to block them out and carry on, officials say. NAFTA banner is pictured inside a hotel…
[ad_1] MOSCOW/KIEV (Reuters) – Russia’s Energy Ministry said on Saturday that gas giant Gazprom’s intention to terminate contracts with Ukraine poses no immediate threat to natural gas supplies to Europe through Ukraine. FILE PHOTO: A general view shows the headquarters of Russian gas giant Gazprom in Moscow, Russia June 30, 2016. REUTERS/Maxim Shemetov/File Photo The…
[ad_1] MEXICO CITY (Reuters) – From a hotel in Mexico City, Ann Wilson, a senior executive at the U.S. Motor and Equipment Manufacturers Association (MEMA), is fielding calls from American auto parts makers worried that President Donald Trump’s metal tariffs will force them out of business. U.S. President Donald Trump waves upon his arrival in…
[ad_1] The Canadian government needs to decide on a proactive response to U.S. President Donald Trump’s new tariffs on steel and aluminum, according to politicians and industry experts. “This can cause significant economic damage which will make [fiscal] deficits even bigger,” Conservative party leader Andrew Scheer told CBC Radio’s The House on Friday. Trump announced new trade restrictions Thursday, including…
[ad_1] MUMBAI/NEW DELHI (Reuters) – An official of India’s Punjab National Bank (PNBK.NS) received gold and diamond jewelry from a billionaire jeweler accused of being involved in a $2 billion bank fraud, the federal police told a court on Saturday. India’s Central Bureau of Investigation (CBI) officials escort Gokulnath Shetty, one of the Punjab National…
[ad_1] FRANKFURT (Reuters) – Any diesel bans would likely take two years to put in place by which time the affected cities may have found other ways to reduce pollution, Hendrik Wuest, the transport minister of the German state of North-Rhine Westphalia, said. An environmental activist protests in front of Germany’s federal administrative court, before…
[ad_1] MOSCOW/KIEV (Reuters) – Russia’s gas giant Gazprom (GAZP.MM) said on Saturday it had started moves to terminate gas supply contracts with Ukraine’s Naftogaz, though Kiev said there had so far been no impact on supplies through its pipelines to Europe. FILE PHOTO: A general view shows the headquarters of Russian gas giant Gazprom in…
[ad_1] FRANKFURT (Reuters) – Volkswagen’s (VOWG_p.DE) sports car maker Porsche could develop a flying passenger vehicle to compete with rivals in a possible market for urban air taxis and ride-sharing services, Porsche sales chief Detlev von Platen told a German magazine. An employee of German car manufacturer Porsche displays a badge depicting a Porsche logo…
[ad_1] FRANKFURT (Reuters) – Dialog Semiconductor (DLGS.DE) expects Apple (AAPL.O), its top customer, to use its chips for a significant proportion of its devices in 2019 and 2020, Chief Executive Jalal Bagherli told a German newspaper. FILE PHOTO: Dialog semiconductor logo is pictured at a company building in Germering near Munich, Germany August 15, 2016.…
[ad_1] MOSCOW (Reuters) – Russia’s gas giant Gazprom (GAZP.MM) has started a procedure to terminate contracts with Ukrainian energy firm Naftogaz in an arbitration tribunal in Stockholm, Gazprom deputy CEO Alexander Medvedev said on Saturday. FILE PHOTO: A general view shows the headquarters of Russian gas giant Gazprom in Moscow, Russia June 30, 2016. REUTERS/Maxim…
[ad_1] BERLIN (Reuters) – Germany and France will bring forward plans to introduce a common corporation tax system in response to tax cuts announced by the Trump administration, Chancellor Angela Merkel said. FILE PHOTO: German Chancellor Angela Merkel welcomes U.S. President Donald Trump to the opening day of the G20 leaders summit in Hamburg, Germany,…
[ad_1] KUALA LUMPUR (Reuters) – The U.S. Justice Department has asked a court to lift a stay on civil proceedings linked to a Malaysian fund at the center of its biggest ever“kleptocracy” probe, so that a settlement can be reached with producers of the movie‘The Wolf of Wall Street’. FILE PHOTO: Workmen are pictured on…
[ad_1] Canadian pulse farmers are bracing for a hit as India’s import tariff on chickpeas went up from 44 per cent to 60 per cent overnight. India is dealing with an abundance of supply in the market and low prices for its own farmers, according to Carl Potts, executive director of Saskatchewan Pulse Growers. “They’re using…
[ad_1] Alberta Premier Rachel Notley took to a podium again this week to discuss economic diversification in the province, and then announced a $1-billion commitment for the province’s oil industry. Call it diversification, Alberta-style. Small ironies aside, the province’s new plan to develop “partial upgrading” technology is at least a ray of sunshine for Alberta’s wounded oilpatch. The…
[ad_1] An Ontario MPP says door-to-door sales tactics for Bell Canada services — revealed by a CBC investigation this week — are “absolutely despicable,” and strongly suggest that telecom sales may need to be included in the province’s new ban on door-to-door sales of certain products and services. It was a private member’s bill introduced by…
[ad_1] The offers sound too good to be true: pay a small monthly fee and get access to thousands of live TV channels from across the globe, offering everything from sports to entertainment. “Stop paying high prices for cable,” touts one ad on Kijiji, offering more than 500 TV channels for a monthly $20 subscription. “Why…
[ad_1] MEXICO CITY (Reuters) – ArcelorMittal, the world’s largest steelmaker, has not changed its plan to invest $1 billion dollars in a new production line in Mexico, a spokesman said on Friday, despite uncertainty around terms of trade in North America. FILE PHOTO: Workers stand near the logo of ArcelorMittal, the world’s largest producer of…
[ad_1] WASHINGTON (Reuters) – The start date for the trial over whether wireless and pay TV provider AT&T Inc (T.N) can buy Time Warner Inc (T.N) may be delayed by a day to March 20, Judge Richard Leon said on Friday. FILE PHOTO: An AT&T logo is pictured in Pasadena, California, U.S., January 24, 2018.…
[ad_1] SAN FRANCISCO (Reuters) – Snap Inc celebrated its first anniversary as a publicly traded company on Friday, but for investors it was not quite the lovefest envisioned when they bought shares in the hottest tech IPO in years. FILE PHOTO – A woman stands in front of the logo of Snap Inc. on the…
[ad_1] MEXICO CITY (Reuters) – U.S. President Donald Trump’s threats to unleash a trade war over steel crushed hopes of substantial progress in the latest talks to rework NAFTA, heightening fears for the trade deal’s future. Jerry Dias, head of Canada’s private sector union Unifor, is pictured in the hotel where the seventh round of…
[ad_1] NEW YORK (Reuters) – The S&P 500 ended another turbulent week on an upbeat note Friday, but major indexes posted their worst week of losses since early February as President Donald Trump’s threat to impose import tariffs on steel and aluminum rattled investors. FILE PHOTO – Traders work on the floor of the New…
[ad_1] WASHINGTON (Reuters) – Singapore-based chipmaker Broadcom Ltd, which is seeking to buy rival Qualcomm Inc, plans to complete its move back to the United States by mid-May, according to sources familiar with the matter. FILE PHOTO: Broadcom Limited company logo is pictured on an office building in Rancho Bernardo, California May 12, 2016. REUTERS/Mike…
[ad_1] NEW YORK (Reuters) – The S&P 500 ended another turbulent week on an upbeat note Friday, but major indexes posted losses for the week as U.S. President Donald Trump’s threat to impose import tariffs on steel and aluminum rattled investors. FILE PHOTO – Traders work on the floor of the New York Stock Exchange,…
[ad_1] MEXICO CITY (Reuters) – U.S. President Donald Trump’s threats to unleash a trade war over steel crushed hopes of substantial progress in the latest talks to rework NAFTA, pitching negotiators into a political maelstrom and heightening fears for the trade deal’s future. Jerry Dias, head of Canada’s private sector union Unifor, is pictured in…
[ad_1] STOCKHOLM (Reuters) – Sweden’s Electrolux (ELUXb.ST), Europe’s largest home appliance maker, said on Friday it would delay a planned $250 million investment in Tennessee, after U.S. President Donald Trump announced tariffs on imported aluminum and steel. FILE PHOTO – The Electrolux logo is seen during the IFA Electronics show in Berlin, Germany September 4,…
[ad_1] (Reuters) – Hedge fund manager Darwin Deason filed a new lawsuit against Xerox Corp (XRX.N) on Friday after it refused to allow him to make nominations to its board after a deadline, the latest blows in a row over its proposed merger with Fujifilm Holdings Corp (4901.T). FILE PHOTO: The logo of Xerox company…
[ad_1] (Reuters) – The Dow and S&P 500 fell on Friday and were on track for weekly losses as investor anxiety built over a possible global trade war following President Donald Trump’s threat to impose import tariffs on steel and aluminum. FILE PHOTO – Traders work on the floor of the New York Stock Exchange,…
[ad_1] The initial hype around bots — applications that run partly or entirely using natural language processing, machine learning, computer vision and other AI tech to help consumers ask and answer questions, buy things and get other stuff done — may have waned a bit, but a startup building the equivalent for the enterprise world,…
[ad_1] BOSTON (Reuters) – Asset manager BlackRock Inc (BLK.N) said on Friday it is pressing gunmakers and weapons retailers in its portfolios to explain how they monitor firearm sales and use, and it is studying the creation of new index-based portfolios that would exclude gunmakers and retailers. FILE PHOTO: The company logo and trading information…
[ad_1] MEXICO CITY (Reuters) – U.S. President Donald Trump’s threats to unleash a trade war over steel crushed any hopes of substantial progress in talks to rework NAFTA, pitching negotiators into a political maelstrom and heightening fears for the trade deal’s future. Jerry Dias, head of Canada’s private sector union Unifor, is pictured in the…
[ad_1] (Reuters) – J.C. Penney Co Inc (JCP.N) forecast broadly lower-than-expected full-year profit on Friday as the department store operator grapples with weak demand for its clothes and fierce online competition, sending its stock down 10 percent. FILE PHOTO: A shopper leaves the J.C. Penney department store in North Riverside, Illinois, U.S., November 17, 2017.…
[ad_1] BRUSSELS (Reuters) – The European Union is considering applying 25 percent tariffs on around $3.5 billion of imports from the United States if President Donald Trump carries out his plan to apply global duties to steel and aluminum, EU sources say. FILE PHOTO: Shipping containers sit at the ports of Los Angeles and Long…
[ad_1] (Reuters) – U.S. stock indexes recouped some losses on Friday, but were on track to end the week in the red as investors fretted over a possible global trade war following President Donald Trump’s promise to impose import tariffs on steel and aluminum. FILE PHOTO – Traders work on the floor of the New…
[ad_1] NEW YORK/LONDON (Reuters) – The U.S. Department of Justice on Friday unveiled criminal charges against 10 defendants, including London-based brokerage Beaufort Securities Ltd, over their alleged roles in a more than $50 million stock fraud and a laundering scheme involving a late work by Pablo Picasso. FILE PHOTO: The exterior of the U.S. Department…
[ad_1] Stock markets in North America continued to sink on Friday, extending the previous day’s losses as fears of a global trade war escalated after U.S. President Donald Trump reiterated his plan to introduce hefty tariffs on steel and aluminum. Trump used Twitter again on Friday to rant about the tariffs saying “trade wars are good and easy to win.“…
[ad_1] BOSTON (Reuters) – BlackRock Inc, (BLK.N) a top shareholder in several gunmakers and weapons retailers, said on Friday it has begun asking those companies tough questions about how well they monitor the sales and use of firearms following a deadly high school shooting in Florida. FILE PHOTO: The company logo and trading information for…
[ad_1] BERLIN (Reuters) – Volkswagen (VOWG_p.DE) is not against upgrading the exhaust systems of older diesel cars to make them cleaner, but could not afford to pay for such a huge undertaking itself and is concerned it might impair vehicle performance, its CEO said. FILE PHOTO – Volkswagen CEO Matthias Mueller attends the opening of…
[ad_1] WASHINGTON/BRUSSELS (Reuters) – U.S. President Donald Trump struck a defiant tone on Friday, saying trade wars were good and easy to win, after his plan to put tariffs on imports of steel and aluminum triggered global criticism and a slide in stock markets. The European Union raised the possibility of taking countermeasures, France said…
[ad_1] LONDON (Reuters) – Britain’s Royal Bank of Scotland (RBS.L) could reach a multi billion-dollar settlement with the U.S. Department of Justice (DoJ) over its mis-selling of toxic mortgage-backed securities within weeks, Sky News reported on Friday, citing sources. FILE PHOTO: A worker cleans the glass exterior next to the logo of RBS (Royal Bank…
[ad_1] Bank of England Governor Mark Carney has launched a withering attack on cryptocurrencies such as bitcoin Friday and urged regulators around the world to monitor them in the same way as other financial assets. In a speech to the Scottish Economics conference in Edinburgh, Carney laid into the “global speculative mania” that has fueled…
[ad_1] WASHINGTON/BRUSSELS (Reuters) – U.S. President Donald Trump struck a defiant tone on Friday, saying trade wars were good and easy to win, after his plan to put tariffs on imports of steel and aluminium triggered global criticism and a slide in world stock markets. The European Union raised the possibility of taking countermeasures, France…
[ad_1] (Reuters) – The Dow industrials fell more than 1 percent for a fourth straight day on Friday on mounting fears of a global trade war following President Donald Trump’s promise to impose import tariffs on steel and aluminum. FILE PHOTO – Traders work on the floor of the New York Stock Exchange, (NYSE) in…
[ad_1] MOSCOW (Reuters) – U.S. pizza brand Sbarro [SBARO.UL] is re-entering the Russian market, encouraged by a nascent economic recovery but wary of taking aggressive steps after its long-time franchisee fell prey to a downturn. FILE PHOTO: A woman leaves a Sbarro restaurant in central Moscow, Russia, June 30, 2016. REUTERS/Maxim Zmeyev Once Russia’s top…
[ad_1] U.S. President Donald Trump on Friday insisted “trade wars are good, and easy to win,” a bold claim that is already finding opposition among trading countries. Trump has declared the U.S. will impose punishing tariffs on steel and aluminum imports, escalating tensions with China and other trading partners and raising the prospect of higher…
[ad_1] (Reuters) – U.S. stocks opened sharply lower on Friday as investors fretted President Donald Trump had launched a global trade war with his promise to impose import tariffs on steel and aluminum. FILE PHOTO – Traders work on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., February 26, 2018.…
[ad_1] BRUSSELS/BEIJING (Reuters) – U.S. President Donald Trump said on Friday trade wars were good and easy to win, striking a defiant tone after global criticism of his plan to slap tariffs on imports of steel and aluminum that triggered a slide in world stock markets. The European Union pledged firm counter-measures, China urged Trump…
[ad_1] SEOUL (Reuters) – General Motors’ (GM.N) South Korean unit plans to slash 5,000 jobs, or about 30 percent of its workforce, but keep production steady if Seoul agrees to its $2.8 billion proposal for the loss-making operation, according to a document seen by Reuters. General Motors Korea’s labour union members protest, while demanding that…
[ad_1] Canada’s economy grew by three per cent last year, more than twice the growth seen the year before. But almost all of the growth came in the first half of the year, followed by a sharp slowdown from June onwards. (Paul Sancya/Associated Press) The pace of growth in Canada’s economy slowed down at the…
[ad_1] ZURICH (Reuters) – Several Novartis (NOVN.S) shareholders urged the Swiss drugmaker on Friday to improve its oversight of staff, amid a widening probe into allegations that managers paid bribes to doctors and public officials in Greece. FILE PHOTO: Workers clean the entrance of the Swiss drugmaker Novartis offices after protesters threw paint and smashed…
[ad_1] LUANDA (Reuters) – Angola has offered investors diamond exploration licenses that previously belonged to Isabel dos Santos, daughter of the former president, according to a video clip of a closed-door meeting with mining companies seen by Reuters. FILE PHOTO: Isabel dos Santos speaks during a Reuters Newsmaker event in London, Britain, October 18, 2017.…
[ad_1] HELSINKI (Reuters) -“Angry birds” maker Rovio (ROVIO.HE) said on Friday its head of games was leaving, a week after the Finnish company issued a profit warning that sent its shares plunging 50 percent. CEO Kati Levoranta of Rovio Entertainment presents the company’s full-year results in a press conference in Espoo, Finland March 2, 2018.…
[ad_1] (Reuters) – U.S. stock futures pointed to a fourth straight daily fall on Friday, as investors fretted President Donald Trump had launched a global trade war with his promise to impose import tariffs on steel and aluminum. FILE PHOTO – Traders work on the floor of the New York Stock Exchange, (NYSE) in New…
[ad_1] (Reuters) – Xerox Corp (XRX.N) said activist investor Darwin Deason does not have any right to nominate directors to the company’s board outside of the nomination window, following his attempt to nominate a full slate of directors. FILE PHOTO: The logo of Xerox company is seen on a building in Minsk, Belarus, March 21,…
[ad_1] LONDON/HOUSTON (Reuters) – The gasps in the audience were clearly audible at the auction of Mexico’s oil blocks a month ago as Royal Dutch Shell’s hefty bids were announced one by one. FILE PHOTO: Ben van Beurden, chief executive officer of Royal Dutch Shell, speaks during the 26th World Gas Conference in Paris, France,…
[ad_1] MANILA/MELBOURNE (Reuters) – U.S. President Donald Trump’s plan to slap hefty tariffs on steel and aluminum imports will likely make Southeast Asia the new hunting ground for global exporters seeking buyers, creating a glut that could depress prices and prompt some producers to close. FILE PHOTO: A worker operates a furnace at a steel…
[ad_1] TOKYO (Reuters) – Nippon Steel & Sumitomo Metal Corp (5401.T), Japan’s biggest steelmaker, will raise domestic capital spending by 35 percent over the next three years to upgrade aging plants and triple its investment budget to step up global expansion. FILE PHOTO: A logo of Nippon Steel & Sumitomo Metal Corp is seen outside…
[ad_1] HONG KONG (Reuters) – When news broke this week that the chairman of CEFC China Energy, an acquisitive conglomerate, was being investigated for economic crimes, one particular group gulped – dealmakers involved with Chinese companies. FILE PHOTO: The headquarters building of Anbang Insurance Group is pictured in Beijing, China, August 25, 2016. REUTERS/Jason Lee/File…
[ad_1] SEOUL (Reuters) – General Motors’ (GM.N) South Korean unit plans to slash 5,000 jobs, or about 30 percent of its workforce, but keep production steady if Seoul agrees to its $2.8 billion proposal for the loss-making operation, according to a document seen by Reuters. General Motors Korea’s labour union members protest, while demanding that…
[ad_1] LONDON (Reuters) – The specter of a global trade war sent world stocks tumbling on Friday and drove investors toward the traditional safe plays of government bonds and the Japanese yen. FILE PHOTO: A man shelters under an umbrella as he walks past the London Stock Exchange in London, Britain August 24, 2015. REUTERS/Suzanne…
[ad_1] When it comes right down to it, which companies get hurt in a consumer boycott is to some extent arbitrary. That thought came to mind when Mountain Equipment Co-Op faced threats of a backlash as a result of the Florida high school shooting that stole 17 lives. Ultimately, MEC announced it would bow to growing pressure and stop selling products…
[ad_1] A hidden camera investigation into sales practices for Bell Canada — Canada’s biggest telecom — reveals repeated deception by sales reps going door-to-door in neighbourhoods just outside Toronto. CBC’s Marketplace and Go Public teamed up to investigate how customers are sold Bell’s Fibe TV, internet and home phone at the front door. A Marketplace…
[ad_1] SEOUL (Reuters) – General Motors (GM.N) saw its South Korean vehicle sales tumble by almost half in February, as consumers took fright at its decision to slash production and restructure its loss-making operations in the country. General Motors Korea’s labour union members protest, while demanding that GM withdraw a plan to shut down a…
[ad_1] MELBOURNE (Reuters) – Australia’s corporate watchdog said on Friday it has launched court action against miner Rio Tinto (RIO.AX)(RIO.L) and two former executives for misleading investors about the coal reserves it reported in a $4 billion acquisition in Mozambique. FILE PHOTO: Chief Financial Officer of Rio Tinto, Guy Elliott, speaks during Russian Business Week…
[ad_1] PARIS (Reuters) – The head of Renault, Carlos Ghosn, on Friday did not rule out the possibility of mergers among members of the Renault-Nissan-Mitsubishi alliance (RENA.PA) (7201.T) (7211.T) but said this was not necessarily a goal. Carlos Ghosn, Chairman and CEO of Renault, speaks during the French carmaker Renault’s 2017 annual results presentation at…
[ad_1] TOKYO (Reuters) – Nippon Steel & Sumitomo Metal Corp (5401.T), Japan’s biggest steelmaker, said on Friday it planned to earmark a total 1.7 trillion yen ($16 billion) for domestic capital spending over the next three years to upgrade and reinforce aging plants. FILE PHOTO: A logo of Nippon Steel & Sumitomo Metal Corp is…
[ad_1] SEOUL (Reuters) – General Motors’ (GM.N) sales in South Korea slumped 19 percent in February, hurt by its decision to shut down one of its factories in the country. FILE PHOTO: The main gate to GM Korea’s Gunsan factory is seen in Gunsan, South Korea February 13, 2018. Yonhap via REUTERS/File Photo The U.S.…
[ad_1] MELBOURNE (Reuters) – Australia’s corporate watchdog said on Friday it has launched court action against global miner Rio Tinto (RIO.AX)(RIO.L) and two former executives for misleading investors about the coal reserves it reported in a $4 billion acquisition in Mozambique. FILE PHOTO: The Rio Tinto mining company’s logo is photographed at their annual general…
[ad_1] BEIJING (Reuters) – Honda Motor Co’s sales in China fell 5.9 percent in February from a year earlier to 77,065 vehicles, after climbing 10.9 percent in January, the company said on Friday. FILE PHOTO: A member of staff cleans Honda Avancier SUV after it was presented during Auto China 2016 auto show in Beijing…
[ad_1] NEW YORK (Reuters) – There is little doubt on Wall Street that U.S. corporate profits are on track to rise at a healthy rate this year, with an overall estimate for growth of almost 20 percent. Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New…
[ad_1] MELBOURNE (Reuters) – Australia’s corporate watchdog said on Friday it has launched court action against global miner Rio Tinto (RIO.AX)(RIO.L) and two former executives for misleading and deceiving investors about the coal reserves it reported in a $4 billion acquisition in Mozambique. FILE PHOTO – A sign adorns the building where mining company Rio…
[ad_1] SEOUL (Reuters) – General Motors’ (GM.N) South Korean unit said on Friday its February sales slumped 19 percent, hurt by its decision to shut down one of its factories in the country. FILE PHOTO: The main gate to GM Korea’s Gunsan factory is seen in Gunsan, South Korea February 13, 2018. Yonhap via REUTERS/File…
[ad_1] TOKYO (Reuters) – Stock markets in Asia on Friday extended a Wall Street rout, as investors were spooked by the specter of a global trade war after President Donald Trump announced the United States would impose hefty tariffs on steel and aluminum imports. Investors look at computer screens showing stock information at a brokerage…
[ad_1] SEOUL/SYDNEY (Reuters) – U.S. President Donald Trump’s planned tariffs on steel and aluminum will distort global trade and cost jobs, Australia’s trade minister said on Friday, highlighting the risk of retaliatory measures as Asian exporters sought more detail on the plans. FILE PHOTO: Steel pipes for sale are displayed at a shop in the…
[ad_1] SEOUL/TOKYO (Reuters) – Asian steel exporting nations took a wait-and-see approach to plans announced by U.S. President Donald Trump to impose hefty tariffs on steel and aluminum, saying they would talk to U.S. officials and see details of the plans before responding. FILE PHOTO: Steel pipes for sale are displayed at a shop in…
[ad_1] (Reuters) – A former Obama administration official on Thursday reached a deal to purchase assets of The Weinstein Company and said she will use a majority-female board to rebuild the Hollywood studio tarnished by sexual misconduct allegations. FILE PHOTO – Maria Contreras-Sweet listens to remarks during her ceremonial swearing-in as Administrator of the Small…
[ad_1] (Reuters) – Chevron Corp said on Thursday its business is resilient to a wide variety of possible climate change scenarios as the U.S. oil company and other producers come under pressure to invest less in oil projects and more in renewable energy. FILE PHOTO: The logo of Dow Jones Industrial Average stock market index…
[ad_1] TOKYO (Reuters) – Stock markets in Asia on Friday extended a Wall Street rout as investors were rattled after President Donald Trump announced the United States would impose hefty tariffs on steel and aluminum imports, raising the specter of a global trade war. FILE PHOTO: A man looks at an electronic stock quotation board…
[ad_1] (Reuters) – A former Obama administration official said on Thursday she had reached a deal to purchase assets of The Weinstein Company and will use a majority-female board to rebuild the Hollywood studio tarnished by sexual misconduct allegations. Former Small Business Administration chief Maria Contreras-Sweet said in a statement that she plans to launch…
[ad_1] (Reuters) – U.S. railroad operator CSX Corp said on Thursday it would stick with a plan started by former Chief Executive Hunter Harrison, who died in December, to boost profit through cutting jobs and rail cars, and would also slash capital spending. Harrison, an investor favorite for leading turnarounds of Canada’s two major railroads,…
[ad_1] WASHINGTON (Reuters) – President Donald Trump announced on Thursday he would impose hefty tariffs on imported steel and aluminum to protect U.S. producers, risking retaliation from major trade partners like China, Europe and neighboring Canada. Fears of a trade war triggered a selloff on Wall Street. Trump said the duties, 25 percent on steel…
[ad_1] LOS ANGELES (Reuters) – Chipotle Mexican Grill Inc’s (CMG.N) incoming Chief Executive Brian Niccol has some low-hanging fruit to pluck when he takes the helm at the troubled U.S. burrito seller on Monday, investors told Reuters. The former Taco Bell CEO is tasked with turning around the chain, which has struggled to return to…
[ad_1] TOKYO (Reuters) – Stock markets in Asia extended a selloff on Wall Street as investors were rattled after President Donald Trump’s announced the United States would impose hefty tariffs on steel and aluminum imports, raising the specter of a global trade war. Early on Friday, MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS…
[ad_1] A group of investors says it has revived a deal to buy assets of the Weinstein Co., potentially saving the beleaguered studio from bankruptcy. The announcement Thursday came just four days after the Weinstein Co. announced it was pulling out of the sale and would file for bankruptcy protection. However, the buyers and the…
[ad_1] MEXICO CITY (Reuters) – Negotiators trying to rework the NAFTA trade deal on Thursday were hit by the prospect of a battle over U.S. steel tariffs that could make it more complicated to build autos in North America, one of the most sensitive issues at the talks. U.S. President Donald Trump said he would…
[ad_1] NEW YORK (Reuters) – The chief executive officer of American Outdoor Brands Corporation (AOBC.O), maker of Smith & Wesson guns, on Thursday said some gun retailers reported increased foot traffic and sales after the Florida high school shooting. CEO James Debney, on a conference call with investors to discuss earnings, briefly addressed the Feb.…
[ad_1] WASHINGTON (Reuters) – U.S. consumer prices increased in January, with a gauge of underlying inflation posting its largest gain in 12 months, bolstering views that price pressures will accelerate this year. Those expectations were underscored by other data on Thursday showing the number of Americans filing for unemployment benefits fell last week to a…
[ad_1] (Reuters) – Weinstein Co’s board on Thursday met with a potential buyers’ group at the New York attorney general’s office in a last-resort attempt to avoid bankruptcy and a government lawsuit, the Wall Street Journal reported, citing people with knowledge of the talks. The discussions, prompted by billionaire investor Ron Burkle, could lead New…
[ad_1] WASHINGTON (Reuters) – President Donald Trump announced on Thursday he would impose hefty tariffs on imported steel and aluminum to protect U.S. producers, risking retaliation from major trade partners like China, Europe and neighboring Canada as well as helping to trigger a large selloff on Wall Street. Trump said the duties of 25…
[ad_1] (Reuters) – American Airlines (AAL.O) said on Thursday it would begin basic economy pricing on some long-haul flights, turning up the heat in a fare war over traditionally lucrative trans-Atlantic routes. Starting in April, the largest U.S. airline by passenger traffic will offer no-frills tickets on select trans-Atlantic flights as it seeks to fight…
[ad_1] NEW YORK (Reuters) – The Dow and S&P 500 registered a third straight day of more than 1 percent declines on Thursday after President Donald Trump said the United States would impose import tariffs on steel and aluminum, raising concern about higher prices and a trade war. The declines put the Dow into negative…
[ad_1] (Reuters) – Wells Fargo & Co (WFC.N) is examining its wealth and investment management business for experienced inappropriate recommendations related possible customer abuse, including overcharging and inappropriate referrals, after inquiries from government agencies, the company said on Thursday. The third-largest U.S. bank’s board of directors is looking at whether customers in its smallest business…
[ad_1] WASHINGTON (Reuters) – President Donald Trump announced on Thursday he would impose hefty tariffs on imported steel and aluminum to protect U.S. producers, risking retaliation from major trade partners like China and Europe and helping trigger a large selloff on Wall Street. Trump said the duties of 25 percent on steel and 10…
[ad_1] WASHINGTON (Reuters) – Federal Reserve Chairman Jerome Powell said on Thursday the U.S. economy does not appear to be running hot, even as the influential head of the New York Fed suggested a faster pace of interest rate increases may still be in the offing for 2018. “There is no evidence the economy is…
[ad_1] DETROIT (Reuters) – General Motors Co (GM.N) on Thursday unveiled a revamped luxury pickup truck, intensifying the battle among Detroit’s Big Three automakers for fat profits at the top end of a highly lucrative segment even as overall U.S. new vehicle sales decline. That battle will be fought in truck-heavy states like Texas, where…
[ad_1] NEW YORK (Reuters) – Major U.S. stock indexes dropped more than 1 percent on Thursday after President Donald Trump said the United States would impose import tariffs on steel and aluminum, raising concern about higher prices and a trade war. Trump said the United States would impose tariffs of 25 percent on steel imports…
[ad_1] New fears about trade wars pushed stock markets into the red on Thursday after U.S. President Donald Trump said he would slap tariffs on steel and aluminum — moves that many industries say will raise prices and cost jobs. Trump said he would sign a document to impose a tariff of as much as…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump announced on Thursday he would impose tariffs of 25 percent on imported steel and 10 percent on aluminum, in a move the administration said would protect U.S. industry, but which critics said would fail to boost jobs and risked stoking a trade war with China. Trump, speaking…
[ad_1] (Reuters) – Procter & Gamble Co (PG.N) said on Thursday it cut digital advertising spend by $200 million last year based on viewership data provided by tech and media companies that showed its ads were not reaching its target audience effectively. P&G, the world’s biggest advertiser, has been at the forefront of a campaign…
[ad_1] (Reuters) – U.S. stocks fell sharply on Thursday after President Donald Trump said the United States would impose import tariffs on steel and aluminum, adding fears of a tit-for-tat trade war to growing worries about higher interest rates. After a confused day of report and counter report, Trump said the U.S. would impose tariffs…
[ad_1] HANOVER, Germany (Reuters) – Volkswagen’s (VOWG_p.DE) bosses missed warning signs ahead of its diesel emissions scandal, but did not break market rules by delaying the disclosure of its problems, the carmaker’s lawyers said in a submission to a German court reviewed by Reuters. Investors from around the world are seeking 9 billion euros ($11…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump tweeted on Thursday that the U.S. steel and aluminum industries need “free, fair and smart trade” as a U.S. cable channel reported that he will make an announcement on tariffs at 11 a.m. (1600 GMT) CNBC said an unidentified White House official informed it of the planned…
[ad_1] (Reuters) – Wall Street’s main indexes fell on Thursday after President Donald Trump said the United States would impose tariffs of 25 percent on steel imports and 10 percent on imported aluminum next week. The Dow Jones industrial average .DJI, trading marginally lower before Trump’s announcement, deepened its loss on the day to 153.86…
[ad_1] It’s been an eventful week for Dropbox coming off its announcement last Friday that it was finally going public, but that doesn’t mean the business stops. The company announced plans to partner with Google today to bring native G Suite integration to Dropbox storage. The fact is that more than 50 percent of Dropbox…
[ad_1] NEW YORK (LPC) – The three banks leading the US$13.5bn-equivalent loan and bond financing backing US private equity firm Blackstone Group’s acquisition of a majority stake in Thomson Reuters’ (TRI.TO) Financial and Risk (F&R) unit are set to sign more banks into the deal. Around 21 senior banks are expected to join the deal,…
[ad_1] Microsoft Cognitive Services is home to the company’s hosted artificial intelligence algorithms. Today, the company announced advances to several Cognitive Services tools including Microsoft Custom Vision Service, the Face API and Bing Entity Search . Joseph Sirosh, who leads the Microsoft’s cloud AI efforts, defined Microsoft Cognitive Services in a company blog post announcing the enhancements, as…
[ad_1] (Reuters) – The U.S. Department of Justice in late 2017 told Wells Fargo & Co (WFC.N) to investigate its wealth management business after whistleblowers accused the bank of pushing inessential products or services to customers, the Wall Street Journal reported on Thursday. To conduct the investigation, the bank employed law firm Shearman & Sterling,…
[ad_1] Hangouts Chat, Google’s take on modern workplace communication, is now generally available and is becoming a core part of G Suite. Hangouts Chat was first announced at Google Cloud Next 2017, together with Hangouts Meet. While Meet went right into public availability, though, Chat went into an invite-only preview. Now, Google is rolling Chat out…
[ad_1] SHANGHAI/BEIJING (Reuters) – When Daimler announced that Li Shufu had acquired almost 10 percent of the automaker last Friday, it caught financial markets – and German regulators – by surprise. Although the move seemed sudden, the head of the Chinese carmaker Geely had, according to multiple sources and documents reviewed by Reuters, spent months…
[ad_1] Cloud storage provider Box started out the day Thursday down over 20% on the stock market. Shares traded as low as $19.11 in early hours of trading, down from a previous close of $24.07. The company reported quarterly earnings after the bell on Wednesday, and while its losses of six cents per share surpassed analyst…
[ad_1] MEXICO CITY (Reuters) – U.S., Mexico and Canada plan to schedule extra discussions on trade rules for auto production in North America if no progress is made on the issue in the current round of NAFTA negotiations, two people familiar with the matter said. The proposed talks, at the level of technical subject experts,…
[ad_1] If you’re running a company with a lot of customers, it can take time to sort through all that feedback. A startup called ScopeAI is working to make that process a lot easier. The startup is announcing that it’s raised an undisclosed amount of seed funding from Y Combinator (where it was part of…
[ad_1] Mountain Equipment Co-op says it will stop selling products from Vista Outdoor, bowing to pressure to distance itself from the sports and recreation company, which makes and distributes items including guns and ammunition, after last month’s school shooting in Florida. Vancouver-based MEC announced Thursday morning its stores will stop using the U.S. company as a…
[ad_1] TD Bank’s adjusted earnings came in ahead of analyst estimates Thursday, rising 15 per cent from the year-earlier period after excluding the impact of U.S. tax reform and other items. [ad_2] Source link
[ad_1] WASHINGTON (Reuters) – Federal Reserve Chairman Jerome Powell will testify in Congress for the second time this week on Thursday, as markets look for clarity over whether the U.S. central bank will accelerate the pace of its interest rate increases this year. Powell’s appearance before the Senate Banking Committee, a follow-up to his hearing…
[ad_1] LEUVEN, Belgium(Reuters) – Anheuser-Busch InBev (ABI.BR), the world’s largest brewer, forecast strong growth this year after a recovery in Brazil led to higher than expected earnings at the end of 2017, its first year since buying closest rival SABMiller. The Belgium-based brewer said on Thursday it expected revenue and core profit (EBITDA) to grow…
[ad_1] (Reuters) – Wall Street’s main indexes opened slightly higher on Thursday, after data showed consumer spending in January notched its smallest increase in five months and core inflation rose less than expected, easing worries about faster U.S. rate hikes. The Dow Jones Industrial Average .DJI rose 36.39 points, or 0.15 percent, to 25,065.59. The…
[ad_1] (Reuters) – U.S. stock index futures gave up losses and were largely flat on Thursday after data showed consumer spending in January notched its smallest increase in five months and core inflation rose less than expected. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, gained 0.2 percent in January, while…
[ad_1] NEW YORK (Reuters) – Best Buy Co Inc (BBY.N), the No.1 U.S. consumer electronics retailer, reported a jump in quarterly comparable sales on Thursday that exceeded forecasts amid strong demand, less competition, and robust sales in the gaming category. The company also benefited from better product availability and the decline or exit of some…
[ad_1] WASHINGTON, (Reuters) – The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting the lowest level in more than 48 years, pointing to a rapidly tightening labor market. Initial claims for state unemployment benefits dropped 10,000 to a seasonally adjusted 210,000 for the week ended Feb. 24, the lowest level since…
[ad_1] NEW YORK (Reuters) – Best Buy Co Inc (BBY.N), the No.1 U.S. consumer electronics retailer, reported a jump in quarterly comparable sales on Thursday that exceeded forecasts amid strong demand, a favorable competitive environment and robust sales in the gaming category. The company also benefited from better product availability and the exit and decline…
[ad_1] NEW YORK (Reuters) – Kohl’s Corp (KSS.N) on Thursday reported slightly stronger-than-expected comparable sales growth for the fourth quarter and gave a 2018 earnings outlook that exceeded analyst forecasts, sending shares higher in premarket trading. Kohl’s stood out against other department store operators during a robust U.S. holiday shopping season thanks to strong sales…
[ad_1] (Reuters) – U.S. stock index futures pointed to a third consecutive session of falls for Wall Street on Thursday, with sentiment weighed down by nerves ahead of Federal Reserve chair Jerome Powell’s second round of congressional testimony. The testimony, due at 1500 GMT, follows Powell’s first appearance in Congress on Tuesday, which did little…
[ad_1] BERLIN (Reuters) – The German government would not oppose a suitable French candidate to replace Tom Enders as chief executive of European planemaker Airbus (AIR.PA) when his term expires in 2019, German Economics Minister Brigitte Zypries said on Thursday. Zypries told reporters it would be difficult for Germany, which holds a stake in the…
[ad_1] YOGYAKARTA, Indonesia (Reuters) – International Monetary Fund Managing Director Christine Lagarde said on Thursday she sees positive and negative effects from a “complicated” U.S. tax overhaul, including a near-term growth bump that risks overheating the U.S. economy and a problematic rise in debt. Lagarde told Reuters in an interview on Thursday that tax cuts…
[ad_1] BRUSSELS (Reuters) – The European Commission on Thursday approved the 48-billion-euro ($58.49 billion) merger of eyewear groups Luxottica (LUX.MI) and Essilor (ESSI.PA) without setting conditions, saying the merger would not harm competition. “We’ve received feedback from nearly 4,000 opticians in a market test in Europe that Essilor and Luxottica would not gain market power…
[ad_1] LONDON (Reuters) – Drugmakers are racing to scoop up patient health records and strike deals with technology companies as big data analytics start to unlock a trove of information about how medicines perform in the real world. Studying such real-world evidence offers manufacturers a powerful tool to prove the value of their drugs –…
[ad_1] LONDON (Reuters) – World stock markets entered March on shaky ground on Thursday, falling for the third straight day before the second leg of Federal Reserve chief Jerome Powell’s testimony to lawmakers. The testimony, due at 1500 GMT, will come two days after his hawkish comments ignited fears the Fed could deliver four U.S.…
[ad_1] (Reuters) – CSX Corp’s (CSX.O) management team will provide investors on Thursday with the railroad’s longer-term plan for boosting profitability and streamlining operations following the death of Chief Executive Officer Hunter Harrison. Harrison, a favorite of investors for leading turnarounds of two Canadian railroads, died in December just eight months into an overhaul that…
[ad_1] FRANKFURT (Reuters) – A European court said that German sporting goods maker Adidas (ADSGn.DE) may oppose the registration of two parallel stripes on shoes as an EU trademark, affirming earlier decisions by the European Union Intellectual Property Office (EUIPO). Adidas had opposed Belgian company Shoe Branding Europe’s application for two EU trademarks for two…
[ad_1] HOUSTON/MOSCOW (Reuters) – Exxon Mobil Corp (XOM.N) will exit some joint ventures with Russia’s Rosneft (ROSN.MM), citing Western sanctions first imposed in 2014, while the Russian company said the pullout will result in serious losses for its U.S. partner. The move is an about-face for Exxon, which had opposed the sanctions over Russia’s invasion…
[ad_1] Imagine if young Indigenous people in Saskatchewan were highly educated in technology, math and sciences and had all the literacy and interpersonal skills Canadian employers were desperate to find. The notion of creating such a future is by no means crazy. But as we examine the reaction to this week’s federal budget, the thought experiment offers a useful example…
[ad_1] PARIS (Reuters) – The Renault-Nissan-Mitsubishi (RENA.PA) (7201.T) (7211.T) alliance said it would speed up the convergence between the three companies on how they work in key areas, as part of a broader plan to deliver cost savings and boost profits. The alliance said it would be looking to extend its convergence in the areas…
[ad_1] NEW DELHI (Reuters) – Potential buyers have expressed strong early interest in a bankrupt U.S. firm of Indian jeweler Nirav Modi, who has been accused of involvement in a $2-billion bank fraud in India, court filings show. Firestar Diamond Inc filed for bankruptcy protection on Feb. 26 in the United States, following accusations that…
[ad_1] NEW DELHI (Reuters) – Potential buyers have expressed strong early interest in a bankrupt U.S. firm of Indian jeweler Nirav Modi, who has been accused of involvement in a $2-billion bank fraud in India, court filings show. Firestar Diamond Inc filed for bankruptcy protection on Feb. 26 in the United States, following accusations that…
[ad_1] DUBAI (Reuters) – Bank of New York Mellon Corp (BK.N) plans to establish an office in Saudi Arabia as early as the second quarter as it looks for opportunities to service the kingdom’s overseas assets, say sources familiar with the matter. The bank, which is aiming to apply for an asset services license from…
[ad_1] NEW DELHI (Reuters) – A bankrupt U.S. firm of Indian jeweler Nirav Modi, who is accused of being involved in a $2 billion bank fraud in his home country, has received strong early expressions of interest from buyers, according to court filings. Firestar Diamond Inc filed for bankruptcy protection on Feb. 26 in the…
[ad_1] BEIJING (Reuters) – The chairman of China’s CEFC China Energy, the private firm that has agreed to buy a nearly $10 billion stake in Russian oil major Rosneft, has been investigated for suspected economic crimes, a person with direct knowledge of the matter said. Ye Jianming was taken in for questioning this year, the…
[ad_1] (Reuters) – Six years ago, billionaire investor William Ackman wagered $1 billion that Herbalife’s stock price would tumble to zero after publicly calling the nutrition company a fraud in a three-hour presentation before investors, analysts and the media. On Wednesday there was little fanfare when the hedge fund manager let slip to a cable…
[ad_1] TOKYO (Reuters) – Asian stocks fell on Thursday after Wall Street marked its worst monthly performance in two years as the impact from new Federal Reserve chief Jerome Powell’s hawkish-sounding comments reverberated across the broader risk asset markets. Investors have been on edge in recent weeks amid concerns higher interest rates in advanced economies,…
[ad_1] HONG KONG (Reuters) – Chinese conglomerate HNA Group, faced with liquidity concerns after recent debt-fuelled acquisitions, plans “significant cuts” in its workforce this year, Risk Event-Driven and Distressed Intelligence (REDD) reported, citing five unnamed sources. The job cuts would be part of the group’s “weight-loss” program for this year, the news and analytics provider…
[ad_1] (Reuters) – New York’s state banking regulator asked Deutsche Bank AG (DBKGn.DE) and two other lenders for information on their relationships with U.S. President Donald Trump’s son-in-law and White House senior adviser Jared Kushner and his family’s real estate company, a person familiar with the matter told Reuters. The New York State Department of…
[ad_1] WASHINGTON/NEW YORK (Reuters) – Walmart Inc (WMT.N), the largest U.S. retailer, joined Dick’s Sporting Goods Inc (DKS.N) in raising the minimum age to purchase firearms to 21 after the massacre at a Florida high school that has reopened a fierce debate over gun control in America. Walmart said that “in light of recent events”…
[ad_1] TOKYO (Reuters) – Asian stocks skidded on Thursday after comments from the Federal Reserve’s new chief rekindled fears about the pace of U.S. monetary tightening this year, sending Wall Street tumbling for its worst performance in two years and lifting the dollar. For weeks investors have been on edge, with the recent rout in…
[ad_1] (Reuters) – Music streaming service Spotify on Wednesday filed for a direct listing of its shares, laying out financial data for the first time that cheered some analysts but led others to question how it could turn a profit from its growing subscriber base. Spotify, which wants to trade as SPOT on the New…
[ad_1] TOKYO (Reuters) – Asian stocks skidded on Thursday after comments from the Federal Reserve’s new chief rekindled fears about the pace of U.S. monetary tightening this year, sending Wall Street tumbling for its worst performance in two years and lifting the dollar. For weeks investors have been on edge, with the recent rout in…
[ad_1] TOKYO (Reuters) – Asian stocks skidded on Thursday after comments from the Federal Reserve’s new chief rekindled fears about the pace of U.S. monetary tightening this year, sending Wall Street tumbling for its worst performance in two years and lifting the dollar. For weeks investors have been on edge, with the recent rout in…
[ad_1] MEXICO CITY (Reuters) – Mexico’s economy minister met with top U.S. trade officials on Wednesday midway through the latest push to renegotiate the NAFTA trade deal, as concerns about steel added to trade tensions between the two countries. Economy Minister Ildefonso Guajardo met U.S. Commerce Secretary Wilbur Ross and U.S. Trade Representative Robert Lighthizer…
[ad_1] (Reuters) – Best Buy Co Inc (BBY.N), the No. 1 U.S. consumer electronics retailer, on Wednesday said it will shut 250 small mobile phone stores in U.S. malls as it looks for ways to operate more profitably and turn around its business amid intense competition. The stores, which contributed just over 1 percent to…
[ad_1] (Reuters) – Best Buy Co Inc (BBY.N), the No. 1 U.S. consumer electronics retailer, on Wednesday said it will shut 250 small mobile phone stores in malls as it looks for ways to operate profitably and turn around its business amid intense competition. The stores, which contributed just over 1 percent to the company’s…
[ad_1] Credit unions across the country will once again be able to use the words “bank,” “banker” and “banking” to describe what they do, thanks to a one-line entry buried on page 356 of the federal budget. Last June, the Office of the Superintendent of Financial Institutions (OSFI) announced it would start applying the rules of…
[ad_1] News that Dick’s Sporting Goods, one of the largest sporting goods retailers in the U.S., would stop selling assault-style rifles in response to the school shooting in Parkland, Fla., seemed to come surprisingly quickly. How quickly? As Dick’s footwear salesperson La’Shawn Watson walked to work at her east Washington, D.C., location for her Wednesday…
[ad_1] NEW YORK (Reuters) – Martin Shkreli, the former drug company executive convicted of defrauding investors in two hedge funds he ran, has asked a federal judge to sentence him to 12 months to 18 months in prison, much less than suggested federal guidelines. Shkreli, 34, has been in jail since September, when U.S. District…
[ad_1] DETROIT (Reuters) – Fiat Chrysler Automobiles NV (FCA) (FCHA.MI) said on Wednesday that in the second quarter the automaker would review the possible spinoff of its Magneti Marelli unit. Last month FCA Chief Executive Officer Sergio Marchionne said he had recommended to the company’s board that the automaker spin off the maker of components…
[ad_1] NEW YORK (Reuters) – U.S. stocks sold off late to end sharply lower on Wednesday, dragged down by continued worries over rising interest rates, and the Dow and S&P 500 capped their worst months since January 2016. The S&P 500 also snapped a 10-month straight run of gains, which had been its longest monthly…
[ad_1] NEW YORK (Reuters) – U.S. stocks sold off late to end sharply lower on Wednesday, dragged down by continued worries over rising interest rates, and the Dow and S&P 500 capped their worst months since January 2016. The S&P 500 and the Dow also snapped a 10-month winning streak, closing out a month marked…
[ad_1] (Reuters) – Music streaming service Spotify on Wednesday filed for a direct listing of its shares, taking an unusual path to the U.S. public markets for a large company. A direct listing will let Spotify list existing shares, owned by its investors and employees, without raising new capital or hiring a Wall Street bank…
[ad_1] Music streaming service Spotify is taking steps to become a public company and have its shares listed on the New York Stock Exchange. The Luxembourg-based company has filed an F-1 form with regulators in New York, the first step in becoming a public firm via a process known as a direct listing. Unlike a conventional…
[ad_1] WASHINGTON (Reuters) – Verizon Communications Inc (VZ.N) and its Straight Path Communications unit paid a $614 million civil penalty as part of a January 2017 settlement with the U.S. Federal Communications Commission, the agency said on Wednesday. The telecommunications regulator said the settlement resolved an investigation into allegations that Straight Path failed to use…
[ad_1] NEW YORK (Reuters) – U.S. stocks edged lower on Wednesday with a drop in energy shares, and the S&P 500 was on track for its biggest monthly fall since January 2016. The S&P energy index .SPNY fell 1.3 percent following sharply lower oil prices. Retailer shares gained, however, following upbeat results. Booking Holdings (BKNG.O),…
[ad_1] WASHINGTON (Reuters) – Top aides to President Donald Trump look to push a tough line on trade in talks on Thursday with an envoy of Chinese President Xi Jinping, with a White House official saying a frank exchange of views was expected. Aides say Trump has been increasingly frustrated by the soaring U.S. trade…
[ad_1] (Reuters) – Music streaming service Spotify on Wednesday became the first major company to file for a direct listing of up to $1 billion with the U.S. Securities and Exchange Commission. A direct listing is an unconventional way to pursue an IPO without raising new capital, helping the company eliminate the need for a…
[ad_1] (Reuters) – Music streaming service Spotify on Wednesday filed for an initial public offering of up to $1 billion with the U.S. Securities and Exchange Commission. The company intends to apply to list its ordinary shares on the New York Stock Exchange under the ticker symbol “SPOT.” Reporting by Nikhil Subba in Bengaluru; Editing…
[ad_1] MEXICO CITY (Reuters) – Mexico’s trade minister will discuss the threat of U.S. steel import tariffs with U.S. Commerce Secretary Wilbur Ross on Wednesday, two sources said, adding to trade tensions during the latest push to renegotiate the NAFTA trade deal. The meeting in Washington between Economy Minister Ildefonso Guajardo and Ross comes as…
[ad_1] (Reuters) – U.S. stocks rose from their session lows on Wednesday as gains in online travel company Booking Holdings and retailer TJX helped offset losses in healthcare stocks. Booking Holdings (BKNG.O), formerly known as Priceline, rose 7.7 percent after reporting upbeat quarterly profit, helped by higher hotel bookings. Off-price apparel seller TJX (TJX.N) jumped…
[ad_1] (Reuters) – Billionaire investor Bill Ackman’s Pershing Square Capital Management has exited its bet against nutritional supplement maker Herbalife Ltd (HLF.N) and has been building a stake in aircraft parts maker United Technologies Corp (UTX.N), the investor told CNBC on Wednesday. Ackman said he thought United Tech was a great company, CNBC reported. (cnb.cx/2HUollQ)…
[ad_1] Shares of medical marijuana producer Maricann plunged more than 24 per cent on Wednesday after it revealed that a $70 million financing deal had been cancelled as it faces an investigation from the country’s biggest securities regulator. Underwriters for a group of investment banks “orally” told the company that they will no longer go ahead with a share sale or bought deal…
[ad_1] OpenStack, the open source infrastructure project that aims to give enterprises the equivalent of AWS for the private clouds, today announced the launch of its 17th release, dubbed ‘Queens.’ After all of those releases, you’d think that there isn’t all that much new that the OpenStack community could add to the project, but just…
[ad_1] WASHINGTON (Reuters) – U.S. economic growth slowed slightly more than initially thought in the fourth quarter after the strongest pace of consumer spending in three years depleted inventories and drew in imports as businesses struggled to produce enough goods and services. Gross domestic product expanded at a 2.5 percent annual rate in the final…
[ad_1] (Reuters) – Billionaire investor Bill Ackman’s Pershing Square is building a stake in U.S. manufacturer United Technologies Corp (UTX.N), CNBC reported on Wednesday, citing Ackman. Ackman said he thought United Tech was a great company, CNBC reported. Shares of the company were up 2.5 percent at midday. Reporting by Arunima Banerjee in Bengaluru; Editing…
[ad_1] (Reuters) – Wall Street’s main indexes pared early gains on Wednesday, weighed down by losses in energy and healthcare stocks. Oil prices fell more than 1 percent after data showed a surprise build in U.S. crude inventories, pushing the S&P energy index .SPNY down 0.31 percent. Celgene’s 8 percent drop (CELG.O) was a drag…
[ad_1] LONDON (Reuters) – U.S. cable operator Comcast (CMCSA.O) has informally notified the European Commission of its intention to bid for Britain’s pay-TV group Sky (SKYB.L), triggering the regulatory process for the $31 billion deal. The world’s biggest entertainment company shocked the market on Tuesday when it said it had approached Sky about a deal,…
[ad_1] BERLIN (Reuters) – Germany will investigate whether to tighten rules governing when an investor needs to disclose a holding in a company after news that China’s Geely purchased a $9 billion stake in Daimler (DAIGn.DE) surprised the market. The swoop by Geely has rekindled fears in Germany of its highly-prized industrial expertise falling into…
[ad_1] (Reuters) – Herbalife Ltd (HLF.N) said on Wednesday it plans to change its corporate name, refinance debt and effect a 2-for-1 stock split to boost shareholder returns, sending its shares to an all-time high. The nutritional supplement maker also said it intends to launch a “modified Dutch auction” tender offer, seeking to repurchase between…
[ad_1] (Reuters) – Wall Street’s main indexes rose on Wednesday after the downward revision of U.S. economic growth in the fourth quarter weakened the case for faster increases in interest rates. The U.S. Commerce Department said gross domestic product expanded at a 2.5 percent annual rate, instead of the previously reported 2.6 percent pace. Strong…
[ad_1] Laurentian Bank says it expects to finish its review of problematic loans sold to an unnamed lender by the fiscal second quarter, and will fix or repurchase any mortgages that failed to meet the proper criteria. The Montreal-based lender said in December that it had discovered mortgages sold to an unnamed third party purchaser…
[ad_1] (Reuters) – Wall Street’s main indexes opened higher on Wednesday after data showed U.S. economic growth slowed slightly more than initially thought in the fourth quarter, weakening the case for faster rises in interest rates. The Dow Jones Industrial Average .DJI rose 98.48 points, or 0.39 percent, to 25,508.51. The S&P 500 .SPX gained…
[ad_1] (Reuters) – Herbalife (HLF.N) said it plans to change its corporate name, refinance debt and effect a 2-for-1 stock split as part of initiatives to boost shareholder returns. Herbalife intends to change its name to ‘Herbalife Nutrition Ltd’ and is seeking to refinance a portion of its $1.15 billion outstanding convertible notes due Aug.…
[ad_1] BRUSSELS (Reuters) – German drug and crop chemicals maker Bayer (BAYGn.DE) is set to win conditional European Union antitrust approval for its $62.5 billion bid for world No. 1 seed company Monsanto (MON.N), two people familiar with the matter said on Wednesday. The takeover, one of a trio of major deals in the agribusiness…
[ad_1] WASHINGTON (Reuters) – U.S. regulators are considering changes to the “Volcker rule” that Wall Street has sought for years, including eliminating big banks’ responsibility to prove they do not trade on their own account, according to several regulatory and industry sources. Other modifications being considered include: making it clearer which types of funds banks…
[ad_1] Dick’s Sporting Goods says it is ending sales of assault-style rifles in its stores and won’t sell guns to anyone under 21 years old following the massacre two weeks ago in Parkland, Fla. Dick’s chairman and CEO Edward Stack said on Good Morning America on Wednesday that after the shooting, the company “felt it needed to…
[ad_1] (Reuters) – Wall Street looked set to open flat on Wednesday, on track for loss on the month in February, as concerns over rising interest rates and their downward impact on stock markets dominated chatter among traders. A monthly loss for the S&P 500 .SPX and the Dow Industrials .DJI would be their first…
[ad_1] (Reuters) – Valeant Pharmaceuticals’ (VRX.N) (VRX.TO) forecast for 2018 revenue fell below Wall Street estimates, as the company faces intensifying competition for some of its major products. The Canada-based drugmaker’s U.S.-listed shares fell 3.4 percent to $17.87 in premarket trading on Wednesday. Valeant, saddled with some $25 billion in debt thanks to a years-long…
[ad_1] (Reuters) – Lowe’s Companies Inc’s (LOW.N) quarterly profit missed analysts’ estimates as the No.2 U.S. home improvement chain’s margins fell, sending its shares down nearly 8 percent in premarket trading on Wednesday. Lowe’s net income fell to $554 million, or 67 cents per share, in the fourth quarter ended Feb. 2, from $663 million,…
[ad_1] BRUSSELS (Reuters) – German drug and crop chemical maker Bayer (BAYGn.DE) is set to gain conditional European Union antitrust approval for its $62.5 billion bid for world No. 1 seed company Monsanto (MON.N), two people familiar with the matter said on Wednesday. The takeover, the latest in a series in the agribusiness sector in…
[ad_1] (Reuters) – Lowe’s Companies Inc’s (LOW.N) sales growth at established stores in the fourth quarter beat analysts’ estimates on Wednesday, as the No.2 U.S. home improvement chain got a boost from higher customer traffic in an improving housing market. Sales at stores open at least a year rose 4.1 percent, above the average analyst…
[ad_1] LONDON (Reuters) – World stocks were set to snap a record 15-month long winning streak on Wednesday, tumbling another quarter percent after new Fed boss Jerome Powell’s comments suggested the possibility of four U.S. interest rate rises this year rather than three. Barely recovered after an early-February sell-off, equity sentiment has been shaken by…
[ad_1] JAKARTA (Reuters) – Indonesia on Wednesday seized a luxury yacht on the island of Bali sought by the U.S. Department of Justice (DOJ) as part of a multi-billion dollar corruption investigation linked to Malaysian state fund 1Malaysia Development Berhad (1MDB). “We have been inspecting the crew since yesterday and now we are taking action,…
[ad_1] LONDON (Reuters) – Retailer Toys R Us UK [TOYUK.UL] has gone into administration, the firm appointed to oversee the process said, putting around 3,000 jobs at risk. The toy retailer has struggled in Britain in recent years as shoppers increasingly prefer to spend online rather than visit its large out-of-town stores. Moorfields Advisory said…
[ad_1] A former door-to-door sales rep for Bell Canada says he still feels guilty for misleading customers on everything from price to products, under pressure to meet quotas and earn commission. Krys Weiss contacted Go Public after reading about sales pressure on staff at Bell call centres. “We misled people at the front door, too,”…
[ad_1] The Liberal government announced Tuesday — in an item buried deep in its 367-page 2018 budget document — that some paper currency will no longer be accepted as legal tender. While the Bank of Canada stopped printing the $1,000 note in 2000, there are still about 700,000 of those bills still in circulation across the country.…
[ad_1] A strong winter wind whips across the frigid Alberta prairie just north of Drumheller. Hardy entrepreneurs have long searched for the oil and gas buried under these hills and fields, but these days, this harsh landscape is attracting a different kind of treasure hunter. The bitcoin miner. Toronto’s Hut Eight operates a mine that pops…
[ad_1] BERLIN (Reuters) – Germany will investigate whether to tighten the rules that govern when an investor needs to disclose a holding in a company after news that China’s Geely purchased a $9 billion stake in Daimler (DAIGn.DE) surprised the market. Li Shufu, Geely’s founder and main owner, revealed on Friday he had built up…
[ad_1] BEIJING (Reuters) – China’s HNA Group has amassed an estimated 3 billion yuan ($476 million) bill with a state-run aviation fuel company, two oil industry sources said, underscoring how a deepening cash crunch is plaguing core operations at the conglomerate. HNA’s outstanding balance with China National Aviation Fuel Group Ltd (CNAF), the country’s near-monopoly…
[ad_1] TEL AVIV (Reuters) – Bank Hapoalim (POLI.TA) will set aside an additional $75 million to cover a potential settlement in a U.S. investigation of possible tax evasion by the bank’s clients there, Israel’s largest bank said on Wednesday. Hapoalim said it had determined that more of its clients may be relevant to the investigation…
[ad_1] TEL AVIV (Reuters) – Bank Hapoalim (POLI.TA), Israel’s largest bank, said on Wednesday it would set aside an additional $75 million to cover a potential settlement in a U.S. investigation of possible tax evasion by the bank’s American clients. This latest amount would bring the total amount provisioned by the bank in the investigation…
[ad_1] BERLIN (Reuters) – The German government will investigate whether rules governing when an investor needs to disclose a holding in a company should be tightened, according to an Economy Ministry report seen by Reuters. Chinese Geely revealed it had built up a 9.7 percent stake in carmaker Daimler (DAIGn.DE) on Friday, surprising the market…
[ad_1] SYDNEY (Reuters) – Asian shares extended losses on Wednesday as weak Chinese Japanese manufacturing data revived worries about global growth amid anxiety over faster rate rises in the United States. MSCI’s broadest index of Asia-Pacific shares outside Japan slipped more than 1 percent, its biggest daily percentage drop since Feb.9 when world financial markets…
[ad_1] ROSARIO, Argentina/CHICAGO (Reuters) – On the banks of the Parana River, machines hum 24 hours a day in Argentina’s grain ports, churning out soy-based animal feed and shooting it straight into the hulls of ships bound for buyers worldwide. The wind stirs up fine meal dust, creating a protein-filled haze. Rosario is the biggest…
[ad_1] NEW YORK (Reuters) – Dan Ivascyn, the group chief investment officer at Pacific Investment Management Co (Pimco), eschews making big, splashy investment or market calls, unlike his legendary predecessor, Bill Gross. “It is never only one person,” Ivascyn said in an interview, about investment ideas and fresh strategies. “Even those who use ‘I’ a…
[ad_1] HONG KONG (Reuters) – Chinese electric vehicle startup Nio has hired eight banks including Morgan Stanley (MS.N) and Goldman Sachs (GS.N) to work on a planned U.S. stock market listing this year worth up to $2 billion, people with knowledge of the matter told Reuters. Other banks are Bank of America Merrill Lynch (BAC.N),…
[ad_1] NEW YORK (Reuters) – Winning stockpicker T. Rowe Price Group Inc (TROW.O) has a message for investors: do not give up on bonds. “We’ve been lowering our allocation to stocks and have increased our allocation to bonds as well as cash,” said Charles Shriver, co-head of the Asset Allocation Committee at T. Rowe Price,…
[ad_1] SEOUL (Reuters) – General Motors’ South Korean unit plans to slash the number of its executives, an internal letter seen by Reuters showed – the latest step by the U.S. automaker as it attempts a politically contentious restructuring of the loss-making business. GM, which has some 16,000 employees in South Korea, also asked staff…
[ad_1] NEW YORK (Reuters) – The recent volatility in the global stock market may make some investors feel queasy, but it is providing a buying opportunity in biotechnology stocks. That is because biotechs will see little impact from rising interest rates because investors are more focused on the long-term potential of their drugs, said Rajeev…
[ad_1] SEOUL (Reuters) – General Motors’ South Korean unit plans to slash the number of its executives, an internal letter seen by Reuters showed – the latest step by the U.S. automaker to cut costs and restructure the loss-making business. GM said this month it would shut one of its factories in South Korea and…
[ad_1] Amazon.com Inc has agreed to buy video doorbell maker Ring, the companies said on Tuesday, in what analysts see as a growing bet on delivering packages inside of shoppers’ homes and on home security. The deal valued Ring at more than $1 billion US, a source familiar with the matter told Reuters. Amazon declined to discuss the terms. Ring…
[ad_1] WASHINGTON/MEXICO CITY (Reuters) – U.S. trade officials met with auto industry executives in Washington on Tuesday, three sources said, as talks to renegotiate the North American Free Trade Agreement try to make progress on a major sticking point around vehicle production. The U.S. negotiator handling ‘rules of origin’ for automobiles, Jason Bernstein, unexpectedly returned…
[ad_1] SYDNEY (Reuters) – Asian shares faltered on Wednesday and bonds were sold off as risk appetite soured after comments from new Federal Reserve Chair revived fears about faster rate rises in the United States. MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.2 percent, on track for a second straight day of losses.…
[ad_1] (Reuters) – Several state officials on Tuesday offered Delta Air Lines (DAL.N) a new place to call home after a Georgia legislator said he would kill lucrative tax benefits to the Atlanta-based carrier as retribution for its decision to sever ties with the National Rifle Association. Officials from Virginia, Washington, New York and Ohio…
[ad_1] NEW YORK (Reuters) – The stock market’s first-day response to the debut of the new Federal Reserve chief should not be taken as Wall Street’s last word on his performance. Stocks, which have been on something of a roller-coaster ride over recent weeks, sold off following the testimony before a Congressional panel by Jerome…
[ad_1] NEW YORK (Reuters) – The new U.S. tax law has taken a bigger bite out of Morgan Stanley’s 2017 earnings than it initially expected and led its board to boost top executives’ deferred compensation from prior years, the Wall Street bank said on Tuesday. After further analysis of the law’s particulars, Morgan Stanley boosted…
[ad_1] SEOUL (Reuters) – For years, General Motors (GM.N) resisted calls from South Korean officials to cut interest rates it was charging on nearly $3 billion in loans to its loss-making South Korean unit, according to three sources and documents seen by Reuters. The U.S. automaker, which has announced plans to close one GM Korea…
[ad_1] LOS ANGELES (Reuters) – McDonald’s USA and the Walt Disney Co (DIS.N) on Tuesday announced their first Happy Meal promotion partnership since ending a previous relationship in 2006, after the fast-food chain slimmed down its menu for kids. Their last exclusive, 10-year cross-promotional deal was reportedly worth $1 billion to Disney, according to the…
[ad_1] WASHINGTON (Reuters) – New orders for U.S.-made capital goods unexpectedly fell for a second straight month in January and shipments barely rose, pointing to a slowdown in business spending on equipment and in economic growth early in the first quarter. The moderation in growth was underscored by other data on Tuesday showing a widening…
[ad_1] For IBM Watson CTO Rob High, the biggest technological challenge in machine learning right now is figuring out how to train models with less data. “It’s a challenge, it’s a goal and there’s certainly reason to believe that it’s possible,” High told me during an interview at the annual Mobile World Congress in Barcelona.…
[ad_1] After its initial proposals for private corporations tax reform were panned last year as an assault on small businesses, the Liberals have unveiled revamped changes in Tuesday’s budget they say will target only the wealthiest three per cent of private corporations. Finance Minister Bill Morneau’s budget proposes two changes to deal with the income generated by…
[ad_1] Square posted a largely successful fourth quarter that showed continuing growth with its Cash app — with users spending around $90 million on its Cash card in December, putting it on at a potentially $1 billion run rate. That would offer another significant avenue for Square to snap up additional customers as it looks…
[ad_1] NEW YORK (Reuters) – U.S. stocks suffered on Tuesday their biggest daily drops since the selloff three weeks ago after comments from Federal Reserve Chairman Jerome Powell revived fears about more interest-rate increases than expected this year. Powell gave an upbeat view on the U.S. economy and said data has strengthened his confidence on…
[ad_1] If it’s good for women, it’s good for Canada’s economy. That’s the overarching theme of Finance Minister Bill Morneau’s 2018 federal spending plan, which aims to boost productivity and offset an aging population by bringing more women into the workforce in sectors ranging from science to skilled trades. Titled “Equality + Growth,” the 367-page…
[ad_1] NEW YORK (Reuters) – U.S. stocks declined on Tuesday after Federal Reserve Chairman Jerome Powell gave an upbeat view on the U.S. economy and said data has strengthened his confidence on inflation. The comments boosted bets the central bank would squeeze in a fourth rate hike this year. In his prepared remarks, Powell hinted…
[ad_1] An association representing 70 per cent of Tim Hortons franchisees is threatening its parent company with legal action after a computer virus caused intermittent cash register outages. A letter obtained by the Canadian Press from a lawyer representing the Great White North Franchise Association to Tim Hortons parent company Restaurant Brands Inc. said if…
[ad_1] WASHINGTON (Reuters) – Federal Reserve Chairman Jerome Powell, in his first public appearance as head of the U.S. central bank, vowed on Tuesday to prevent the economy from overheating while sticking with a plan to gradually raise interest rates. Testifying before the U.S. House of Representatives’ Financial Services Committee, Powell acknowledged the economy had…
[ad_1] (Reuters) – Nike Inc (NKE.N) on Tuesday defeated an appeal by a renowned photographer who accused the sportswear company of ripping off his iconic photo of basketball superstar Michael Jordan, and using it to create its silhouetted “Jumpman” logo. In a 2-1 decision, the 9th U.S. Circuit Court of Appeals said Jacobus Rentmeester did…
[ad_1] WASHINGTON (Reuters) – PayPal Holdings Inc (PYPL.O), parent of peer-to-peer payments app Venmo, has settled U.S. charges it failed to give critical disclosures to users regarding privacy and the availability of funds transferred into a Venmo account, the Federal Trade Commission said on Tuesday. The FTC said in a statement that the alleged actions…
[ad_1] WASHINGTON/MEXICO CITY (Reuters) – U.S. trade officials are due to meet auto industry executives on Tuesday, three sources said, in a possible sign of increased discussion of automotive content requirements that have become a sticking point in efforts to rework the NAFTA trade deal. Soon after a seventh round of talks to renegotiate the…
[ad_1] Passengers wait at a check-in desk at Pierre Elliott Trudeau airport in Montreal. The airline has reportedly experienced a system-wide computer problem on Tuesday. (Graham Hughes/Canadian Press) Air Canada experienced a computer outage on Tuesday that affected check-in and other processes across Canada, although some functionality seems to have been restored. The airline was…
[ad_1] NEW YORK (Reuters) – Macy’s Inc (M.N) on Tuesday said sales at established stores could mark their first annual gain in four years, pinning its hopes on a new loyalty program, more off-price selling and private-label brands. The biggest U.S. department store chain also beat analysts’ estimates for quarterly profit and comparable sales growth…
[ad_1] A London-based trucking firm delivering to CAMI automotive and elsewhere across Ontario has sent layoff notices to 57 employees. Doug Coleman Trucking told its employees Monday that 52 transport drivers and five office staff would be affected by the cuts, a union representative said. ”The news came as a total shock to us,” said Dan…
[ad_1] North American stocks reversed earlier gains to head lower on Wednesday after comments by the new Federal Reserve Chairman Jerome Powell on the strength of the U.S. economy pushed bond yields higher. During his first speech in front of lawmakers in Washington D.C,, Powell said that it was his personal view that the U.S. economy had strengthened…
[ad_1] WASHINGTON (Reuters) – Supreme Court justices on Tuesday wrestled with Microsoft Corp’s (MSFT.O) dispute with the U.S. Justice Department over whether prosecutors can force technology companies to hand over data stored overseas, with some signaling support for the government and others urging Congress to pass a law to resolve the issue. Chief Justice John…
[ad_1] If an engineer ends up leaving a company, on their own, or for any other reason, the company work is going to have to quickly work to change all of their keys for their credentials and keys application components. That’s a huge hassle, because often times it’s hard to know where they are stored,…
[ad_1] BOSTON (Reuters) – The parent of Fidelity Investments said on Tuesday that operating profit in 2017 rose 54 percent to $5.3 billion, even as customers continued to yank billions of dollars from its actively managed mutual funds. Assets under management rose 15 percent to $2.45 trillion, said FMR LLC, the privately held parent of…
[ad_1] Licensed producer Aurora Cannabis has signed a deal to supply medical marijuana to Shoppers Drug Mart. The agreement is subject to Health Canada’s approval of the pharmacy chain’s application to dispense medical cannabis. Aurora’s products are expected to be sold online, as current Canadian regulations prohibit the sale of medical marijuana in pharmacy locations.…
[ad_1] LONDON (Reuters) – U.S. cable giant Comcast (CMCSA.O) has offered $31 billion for Sky (SKYB.L), threatening a plan hatched by Rupert Murdoch’s Fox and Bob Iger’s Walt Disney to seize control of Europe’s biggest pay-TV group. The world’s biggest entertainment company and owner of NBC and Universal Pictures, said on Tuesday it had proposed…
[ad_1] BOSTON (Reuters) – The parent of Fidelity Investments said on Tuesday operating profit in 2017 rose 54 percent to $5.3 billion even as customers continued to yank billions of dollars from its actively managed mutual funds. FMR LLC, the privately held parent of Fidelity, said assets under management rose 15 percent to $2.45 trillion,…
[ad_1] WASHINGTON (Reuters) – Federal Reserve Chairman Jerome Powell, pledging to “strike a balance” between the risk of an overheating economy and the need to keep growth on track, told U.S. lawmakers on Tuesday that the central bank would stick with gradual interest rate increases despite the added stimulus of tax cuts and government spending.…
[ad_1] LEIPZIG, Germany (Reuters) – German cities can ban the most heavily polluting diesel cars from their streets, a court ruled on Tuesday, a move likely to be mirrored in other parts of Europe and to force automakers to pay to improve exhaust systems or switch to cleaner vehicles. There has been a global backlash…
[ad_1] (Reuters) – U.S. stocks were little changed on Tuesday, with losses in media stocks weighing on major indexes, while investors braced for Federal Reserve Chairman Jerome Powell’s first congressional testimony. Powell hinted in prepared remarks that the central bank would stick to its current path of gradual rate hikes despite the added stimulus of…
[ad_1] When Jerome Powell testifies to Congress on Tuesday in his first public appearance as chairman of the Federal Reserve, investors will be paying close attention to his every word. Financial markets are always on high alert for any hints of policy shifts when the leader of the world’s most powerful central bank speaks publicly.…
[ad_1] WASHINGTON (Reuters) – New orders for U.S.-made capital goods fell for a second straight month in January and shipments barely rose, pointing to a slowdown in business spending on equipment after robust growth in 2017. The report from the Commerce Department on Tuesday added to weak January retail sales, industrial production and home sales…
[ad_1] Bank of Montreal’s adjusted net income for the first quarter dropped by seven per cent to $1.422 billion in the first quarter, but still came in ahead of analyst estimates. The bank’s adjusted net income amounted to $2.12 per share — above the estimate of $2.06 per share from Thomson Reuters. Without adjustments, Bank…
[ad_1] Scotiabank has raised its dividend by three cents per share to 82 cents per quarter. (Jeff McIntosh/Canadian Press) The Bank of Nova Scotia raised its dividend Tuesday as it reported better-than-expected adjusted profit of roughly $2.275 billion for its first quarter, with strong earnings internationally as well as at home. Scotiabank increased its quarterly…
[ad_1] PARIS (Reuters) – The Walt Disney Company (DIS.N) on Tuesday announced a 2 billion euro ($2.47 billion) investment drive to expand its French theme park Disneyland Paris, which it took full control of last year. Chief Executive Robert Iger announced the spending plan after meeting French President Emmanuel Macron in Paris. The development will…
[ad_1] (Reuters) – Discovery Communications Inc’s (DISCA.O) revenue topped analysts’ forecasts in the fourth quarter as the owner of Discovery Channel and Animal Planet benefited from higher advertising income across its networks. Discovery said on Tuesday advertising revenue from its U.S. networks rose 8 percent in the quarter ended Dec. 31, while ad revenue from…
[ad_1] (Reuters) – U.S. stock index futures pointed to a pause in Wall Street’s recovery on Tuesday as investors turned cautious ahead of Federal Reserve Chairman Jerome Powell’s first congressional testimony. The S&P 500 .SPX and the Dow .DJI posted gains in the past three sessions as a decline in U.S. bond yields helped cool…
[ad_1] (Reuters) – JPMorgan Chase & Co (JPM.N) raised its key profit goal on Tuesday and said its annual pretax net income could rise by up to 17.5 percent to $47 billion over a period of about three years. The bank boosted its target for return on tangible common equity, a key profit measure, to…
[ad_1] LEIPZIG, Germany (Reuters) – A top German court ruled on Tuesday in favor of allowing major cities to ban the most heavily polluting diesel cars, a move set to hit the value of 12 million vehicles in Europe’s largest car market and probably force carmakers to pay for costly modifications. There has been a…
[ad_1] LONDON (Reuters) – U.S. cable giant Comcast (CMCSA.O) offered to buy Sky (SKYB.L) for $31 billion in an unsolicited approach, taking on Rupert Murdoch’s Fox and Bob Iger’s Walt Disney in the battle for Europe’s biggest pay-TV group. The world’s biggest entertainment company, which owns NBC and Universal Pictures, said it proposed to offer…
[ad_1] LOS ANGELES (Reuters) – Starbucks Corp (SBUX.O) on Tuesday will open the first of 1,000 planned upscale Starbucks Reserve stores as part of a broad strategy to defend against high-end coffee rivals like Intelligentsia Coffee & Tea and Blue Bottle Coffee Co (NESN.S). Starbucks for the first time in 2017 had more U.S. outlets…
[ad_1] LONDON (Reuters) – World stocks rose to three-week highs on Tuesday, helped by a decline in borrowing costs ahead of Federal Reserve Chairman Jerome Powell’s first testimony before the United States Congress later in the day. The MSCI All-Country World Index, was up 0.1 percent and set for its third straight day of gains…
[ad_1] CAPE TOWN (Reuters) – South Africa’s Independent Regulatory Board for Auditors (IRBA) has referred KPMG to a disciplinary hearing following an investigation of its work for Linkway Trading, a project management firm owned by friends of former President Jacob Zuma. Linkway Trading was a project management company in the Gupta-owned Oakbay Group. The Gupta…
[ad_1] LONDON (Reuters) – Comcast Corp, the biggest cable operator in the United States, offered to pay $31 billion to buy Sky, the European pay-TV group that Rupert Murdoch’s Fox has already agreed to buy. Comcast, which owns NBC and Universal Pictures, said it was offering 12.50 pounds per share, significantly higher than the 10.75…
[ad_1] TOKYO (Reuters) – Global shares held firm near three-week highs on Tuesday as U.S. borrowing costs eased ahead of Federal Reserve Chairman Jerome Powell’s awaited first congressional testimony later in the day. European shares are expected to gain, with spread-betters looking to a higher opening of about 0.4 to 0.5 percent in Britain’s FTSE,…
[ad_1] LONDON (Reuters) – Comcast Corp, the biggest U.S. cable operator, said on Tuesday it was making a cash offer to buy Sky for 22.1 billion pounds ($31 billion), challenging Rupert Murdoch’s Fox to take over the European pay-TV group. 21st Century Fox had already agreed a deal to buy the 61 percent of Sky…
[ad_1] NEW DELHI (Reuters) – India’s finance ministry on Tuesday set a 15-day deadline for state banks to take pre-emptive action against operational and technical risks, following a $2 billon fraud at the country’s second-biggest state lender. Rajeev Kumar, secretary in the department of financial services, said in a tweet that state-run banks have 15…
[ad_1] WASHINGTON (Reuters) – The U.S. Supreme Court on Tuesday wades into a major privacy rights fight between Microsoft Corp(MSFT.O) and the Justice Department, weighing whether U.S. law allows prosecutors to compel technology companies to hand over data stored overseas. The nine justices will hear arguments in a case that pits the interests of tech…
[ad_1] SYDNEY (Reuters) – American Airlines Group Inc (AAL.O) and Qantas Airways Ltd (QAN.AX) are making a second attempt at gaining U.S. regulatory permission for a venture that would allow them to coordinate prices and schedules, threatening to cancel services if they are rejected. The pair’s application for a joint venture covering the United States,…
[ad_1] WASHINGTON (Reuters) – A national security panel that can stop mergers that could harm U.S. security has begun looking at Singapore-based chipmaker Broadcom Ltd’s plan to take over rival Qualcomm Inc, according to three sources familiar with the matter. CFIUS, an opaque inter-agency panel, has been in touch with at least one of the…
[ad_1] (Reuters) – Insurance broker Lockton, which has worked with the National Rifle Association on gun show and gun carrying policies, on Monday said it would no longer sell NRA-endorsed products. Privately held Lockton joins several other financial industry companies ending deals with the NRA in the wake of the shooting that killed 17 people…
[ad_1] (Reuters) – Certain lenders and noteholders of iHeartMediaInc (IHRT.PK) on Monday said John Malone’s Liberty Media Corp (FWONA.O) proposed to buy a 40 percent stake in a restructured version of iHeart for $1.16 billion. The offer comes less than a month after struggling radio station owner iHeart skipped a $106 million interest payment, triggering…
[ad_1] SINGAPORE (Reuters) – Two Singaporeans on trial for unauthorized short-term rentals posted on Airbnb pleaded guilty on Tuesday in the first such cases under the country’s rules on short-term property letting introduced last year. The two men were charged for renting four units in a condominium for less than six months without permission from…
[ad_1] SEOUL (Reuters) – General Motors’ (GM.N) South Korean unit said it plans to resume wage talks with its labor union on Wednesday, earlier than expected, as it tries to cut structural costs at the loss-making operations and keep its factories open. Annual wage negotiations were suspended earlier this month after the U.S. automaker said…
[ad_1] (Reuters) – Activist Investor Darwin Deason on Monday sought to nominate a full slate of directors to Xerox Corp’s board at the company’s upcoming annual meeting, despite missing a deadline for putting forth directors. The attempt to change the board follows a lawsuit filed earlier this year as Deason and fellow shareholder Carl Icahn…
[ad_1] MONTREAL/NEW YORK (Reuters) – Jet Blue Airways Corp (JBLU.O) met with Canadian planemaker Bombardier Inc (BBDb.TO) and also had plans to meet with Brazil’s Embraer SA (EMBR3.SA) this month, according to an internal email reviewed by Reuters, in a signal that talks are picking up for the U.S. airline’s closely watched sales campaign. Low-cost…
[ad_1] TOKYO (Reuters) – Asian shares extended their recovery on Tuesday, hitting a three-week high as U.S. borrowing costs eased ahead of Federal Reserve Chairman Jerome Powell’s highly-anticipated first congressional testimony later in the day. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.3 percent, building on its bounce from a two-month low touched…
[ad_1] HAVANA (Reuters) – A surge in sales of Cuba’s legendary cigars in China helped manufacturer Habanos S.A.’s global revenue rise 12 percent to hit a record of around $500 million last year, the company said on Monday at the start of Cuba’s annual cigar festival. Habanos S.A., a 50-50 joint venture between the Cuban…
[ad_1] SEOUL (Reuters) – General Motors’ (GM.N) South Korean unit plans to resume wage talks with its labor union on Wednesday, a union official told Reuters on Tuesday. The annual wage negotiations, which started early this month, have been suspended after the U.S. automaker announced its plan to shut down one of its factories in…
[ad_1] While the largest deal in the history of technology continues to hit a number of speed bumps, we’re now getting into the phase of very strongly-worded publicly-issued statements between the two companies as we get closer and closer to the annual meeting of stockholders in early March. Broadcom and Qualcomm, the former of which…
[ad_1] (Reuters) – Activist Investor Darwin Deason on Monday sought to nominate a full slate of directors to Xerox Corp’s board at the company’s upcoming annual meeting. The statement comes a week after Deason along with fellow activist investor Carl Icahn said the printer and copier maker should sell itself to one of its rivals…
[ad_1] Canada’s energy industry — struggling with pipeline constraints and a costly oil glut — says new American tax rules and regulatory reforms are helping siphon away capital investment to the United States. Tim McMillan, chief executive of the Canadian Association of Petroleum Producers (CAPP), said the sector is seeing companies, including Canadian firms, looking at allocating more capital dollars in the…
[ad_1] WASHINGTON (Reuters) – Sales of new U.S. single-family homes fell for a second straight month in January, weighed down by steep declines in the Northeast and South, which could raise concerns the housing market is losing momentum. The weak report from the Commerce Department on Monday followed data last week that showed sales of…
[ad_1] (Reuters) – Broadcom Ltd (AVGO.O) on Monday called a proposal by U.S. semiconductor peer Qualcomm Inc (QCOM.O) for a new meeting to negotiate an increase to Broadcom’s $117 billion acquisition offer “engagement theater” aimed at dodging a takeover battle. Broadcom’s statement came after Qualcomm said earlier on Monday that all of Broadcom’s previous offers…
[ad_1] NEW YORK (Reuters) – U.S. stocks rose to more than three-week highs on Monday, recovering much of the losses sustained in a sell-off earlier this month, as a decline in Treasury yields assuaged investor concerns about rising interest rates and refocused attention on economic growth. All three major indexes rose more than 1 percent.…
[ad_1] WASHINGTON (Reuters) – A group of U.S. investors is seeking Washington’s approval to acquire the nearly 50 percent collateral in U.S. refiner Citgo held by Russia’s largest state-owned energy firm Rosneft, one of the investors said. The move would prevent Moscow from seizing a large part of the U.S. refiner in the event of…
[ad_1] SAN FRANCISCO (Reuters) – Shares of Apple (AAPL.O) rose 2 percent on Monday and were on the verge of a record high after billionaire Warren Buffett talked up his company’s stake in the iPhone maker. Apple’s stock was at $179.04, just short of its $179.26 record closing price on Jan. 18 and shaking off…
[ad_1] WASHINGTON (Reuters) – A full panel of a California appeals court ruled on Monday that the Federal Trade Commission may push forward with a lawsuit alleging that AT&T Inc was deceptive in slowing internet speeds to customers with unlimited plans. The FTC sued AT&T in 2014 on the grounds that the No. 2 U.S.…
[ad_1] STOCKHOLM (Reuters) – The owners of Latvia’s ABLV Bank, accused by U.S. authorities of large-scale money laundering, have decided to liquidate the lender after the European Central Bank said on Saturday it would be wound up, ABLV told Reuters on Monday. Main owners Ernests Bernis and Olegs Fins, who each hold stakes of 43.5…
[ad_1] (Reuters) – U.S. stocks rose sharply on Monday as a decline in Treasury yields assuaged investors’ concerns about rising interest rates. All three major indices rose to more than three-week highs. The S&P 500 is now just 3.5 percent below its peak on Jan. 26. The CBOE Volatility Index .VIX also dipped slightly, last…
[ad_1] WASHINGTON (Reuters) – A full-panel of a California appeals court ruled on Monday that the Federal Trade Commission may push forward with its lawsuit alleging that AT&T Inc was deceptive in slowing internet speeds to customers with unlimited plans. The agency sued AT&T in 2014 on the grounds that the No. 2 U.S. wireless…
[ad_1] (Reuters) – Apple Inc is preparing to release three new smartphones later this year, including the largest iPhone ever, a device that may have a bigger display than arch-rival Samsung’s flagship phone, Bloomberg reported on Monday, citing people familiar with the products. The trio also includes an upgraded handset the same size as the current…
[ad_1] Mountain Equipment Co-op’s senior management is meeting Monday following a social media outcry after consumers connected some of the brands sold in store to a major U.S. ammunition and gun manufacturer. The Vancouver-based outdoor apparel and goods retailer sells Vista Outdoor Inc.-owned brands, including Giro, Camelbak and Blackburn. Utah-based Vista also designs, develops and…
[ad_1] U.S. President Donald Trump has signed off on a report clobbering his own views on trade. He’s even signed the opening passage, a foreward to the 2018 “White House Economic Report of the President.” The annual report from the White House contradicts a number of trade statements and policies already articulated by Trump. One…
[ad_1] BERLIN/FRANKFURT (Reuters) – Automaker Geely’s purchase of a $9 billion stake in Mercedes maker Daimler rekindled fears in Germany on Monday of its highly-prized expertise falling into Chinese hands. Economy minister Brigitte Zypries stuck to Berlin’s position that Geely’s [GEELY.UL] swoop was a business matter, but said Germany’s openness must not be not exploited…
[ad_1] (Reuters) – Apple Inc is preparing to release three new smartphones later this year, including the largest iPhone ever, Bloomberg reported on Monday, citing people familiar with the products. The trio also includes an upgraded handset the same size as the current iPhone X and a less expensive model with some of the flagship phone’s…
[ad_1] NEW YORK (Reuters) – Former U.S. drug company executive Martin Shkreli will be held responsible for $10.4 million in financial losses when he is sentenced for defrauding investors, a federal judge ruled on Monday, rejecting his argument that he did not cause any losses because his investors eventually came out ahead. The ruling from…
[ad_1] (Reuters) – Gains in technology and industrial shares boosted Wall Street on Monday, with investors also awaiting Federal Reserve Chair Jerome Powell’s testimony for his views on the path of interest rate hikes. Powell will face questions from both houses of the U.S. Congress in a semi-annual testimony starting on Tuesday, his first major…
[ad_1] (Reuters) – Regenerative medicine maker MiMedx Group Inc (MDXG.O) is under federal investigation related to two business practices, Bloomberg reported on Monday, citing people familiar with the matter. The company’s shares fell as much as 22.7 percent to a more than three-and-a-half year low of $6.05. The U.S. Justice Department is probing whether MiMedx…
[ad_1] S&P Global Ratings says it expects more evidence of Canadian residential mortgage fraud could emerge amid high household debt and home prices. [ad_2] Source link
[ad_1] BERLIN/FRANKFURT (Reuters) – Germany must ensure it is not exploited by other countries, its economy minister said on Monday, after China-based Geely bought a $9 billion stake in Mercedes maker Daimler. Geely [GEELY.UL] announced its 9.7 percent stake in Daimler (DAIGn.DE) late on Friday, surprising the market as it had not previously disclosed having…
[ad_1] NEW YORK (Reuters) – Warren Buffett on Monday said the healthcare company being set up by Berkshire Hathaway Inc (BRKa.N), Amazon.com Inc (AMZN.O) and JPMorgan Chase & Co (JPM.N) will within a year have a new chief executive officer, and set an aggressive goal to cut costs. Speaking on CNBC television, Buffett said “we…
[ad_1] WASHINGTON (Reuters) – Sales of new U.S. single-family homes fell for a second straight month in January, weighed down by steep declines in the Northeast and South, which could raise concerns the housing market is slowing down. The weak report from the Commerce Department on Monday came on the heels of data last week…
[ad_1] WASHINGTON, (Reuters) – Sales of new U.S. single-family homes fell for a second straight month in January, weighed down by steep declines in the Northeast and South, which could raise concerns of a slowdown in the housing market. The Commerce Department said on Monday new home sales dropped 7.8 percent to a seasonally adjusted…
[ad_1] (Reuters) – Gains in technology shares and Warren Buffett’s Berkshire Hathaway drove gains on Wall Street on Monday, with investors also looking for more clues on interest rate hikes from new Federal Reserve chair Jerome Powell’s testimony this week. Powell will face questions from both houses of the U.S. Congress in a semi-annual testimony…
[ad_1] (Reuters) – Qualcomm Inc (QCOM.O) on Monday urged Broadcom Ltd (AVGO.O) to enter into price negotiations for the first time on Broadcom’s $117 billion offer for the company, a potential step toward a deal between the two chipmakers after almost four months of disagreement. Qualcomm said on Monday that all of Broadcom’s previous offers…
[ad_1] MEXICO CITY (Reuters) – U.S., Mexican and Canadian negotiators meet on Monday seeking to narrow disagreements on how to overhaul the NAFTA trade deal despite renewed signs of tension between Mexico and U.S. President Donald Trump over his planned border wall. The trade teams began a seventh round of talks on Sunday aiming to…
[ad_1] (Reuters) – U.S. stock index futures pointed to a strong start for Wall Street on Monday, with investors hoping that new Fed chair Jerome Powell will keep the U.S. central bank on a steady course of monetary tightening. Powell faces questions from both houses of the U.S. Congress in a semi-annual testimony starting on…
[ad_1] (Reuters) – U.S. index futures pointed to a strong start for Wall Street on Monday, buoyed by gains for stock markets worldwide and the belief that new Fed chair Jerome Powell will keep the U.S. central bank on a steady course of monetary tightening. Powell faces questions from both houses of the U.S. Congress…
[ad_1] TOKYO (Reuters) – Toyota Motor Corp (7203.T) stuck to its commitment to improving petrol engines on Monday with new powertrain units, while flagging technologies which could find their way into electric vehicles (EVs) and hydrogen fuel cell vehicles (FCVs). The Japanese automaker plans to keep refining its petrol engines and the hybrid technology it…
[ad_1] (Reuters) – U.S. industrial conglomerate General Electric Co (GE.N) on Monday nominated three new candidates to a streamlined board of directors ahead of a shareholder meeting in April. GE said the new board will have 12 directors, down from the previous 18, in line with Chief Executive Officer John Flannery’s plan to reduce the…
[ad_1] NEW YORK (Reuters) – Warren Buffett, chairman and CEO of Berkshire Hathaway Inc (BRKa.N), said Berkshire, sitting on $116 billion of cash, is “more inclined” to repurchase stock than pay dividends as a means to use excess cash. Buffett, speaking on CNBC TV on Monday, said the corporate income tax rate cut signed into…
[ad_1] (Reuters) – General Electric Co (GE.N) on Monday nominated three new candidates for its board of directors, ahead of a shareholder meeting in April. The candidates are former Danaher Corp (DHR.N) chief executive officer Lawrence Culp, ex-American Airlines Group Inc (AAL.O) CEO Thomas Horton and the former chairman of the Financial Accounting Standards Board,…
[ad_1] (Reuters) – Qualcomm Inc (QCOM.O) urged peer Broadcom Ltd (AVGO.O) to enter into direct negotiations on a price for merging the two companies and said they had made progress on regulatory and other deal certainty issues at a meeting last week. Qualcomm maintained that all of Broadcom’s previous offers materially undervalued the company. “The…
[ad_1] MILAN (Reuters) – Fiat Chrysler (FCHA.MI) (FCAU.N) plans to eliminate diesel from all its passenger vehicles by 2022, amid a collapse in demand and spiraling costs, the Financial Times reported on Monday. Under a four-year plan to be unveiled on June 1, the car-maker will announce it intends to phase out the fuel type…
[ad_1] (Reuters) – European planemaker Airbus SE and U.S.-based Delta Air Lines Inc have formed an alliance with U.S. wireless carrier Sprint Corp, satellite startup OneWeb backed by Japan’s SoftBank, and India’s Bharti Airtel Ltd to develop in-flight 5G services, the companies said. The alliance, referred to as “Seamless Air Alliance,” aims to let mobile…
[ad_1] DUBLIN (Reuters) – A pilot group that helped spearhead a staff revolt at Ryanair (RYA.I) last year has called on Chief Executive Michael O‘Leary to resign in the latest sign of strains in staff relations at Europe’s largest low-cost airline. The European Employee Representative Council (EERC), an unofficial pan-European body set up by Ryanair…
[ad_1] LONDON (Reuters) – Global stocks notched further gains on Monday and the dollar stayed on the back foot, as investors bet the new head of the U.S. Federal Reserve will steer a steady course on policy when he addresses lawmakers this week. MSCI’s index of world stocks was up 0.4 percent, with the pan-European…
[ad_1] HONG KONG/SHANGHAI (Reuters) – Geely Automobile Holdings Ltd’s (0175.HK) shares jumped on Monday after its chairman Li Shufu revealed he had built a $9 billion stake in Daimler AG (DAIGn.DE), gaining leverage as he tries to convince the German carmaker to cooperate on technology. The 9.7 percent holding makes Li Daimler’s biggest shareholder and…
[ad_1] There is never any shortage of people asking for new money in a federal budget. From indigenous housing to cyber-security to conservation there are always worthy, and popular, ways to spend money. And if Ottawa were ever at a loss, provincial governments are full of helpful suggestions for new federal spending. Despite the seemingly insatiable urge of governments to…
[ad_1] SYDNEY (Reuters) – Asian share markets were in a cautious mood on Monday as investors braced for an event-packed week headlined by U.S. inflation data and the first House testimony by the new head of the Federal Reserve. Sentiment was fragile with the dollar losing early gains and safe-haven bonds firming as E-Mini futures…
[ad_1] (Reuters) – Commonwealth Bank of Australia (CBA.AX) said on Monday it will dispute new claims by the Australian corporate regulator that doubles the number of allegations against the bank over rate-manipulation. Australia’s biggest bank added in a statement that it is reviewing details of the allegations lodged by the Australian Securities and Investments Commission…
[ad_1] HONG KONG (Reuters) – Geely Automobile Holdings Ltd (0175.HK) shares jumped as much as 8.8 percent after its chairman Li Shufu said he had built up a near 10 percent stake in Germany’s Daimler (DAIGn.DE) – a $9 billion bet that he can access the Mercedes-Benz owner’s technology. The stock surged as high as…
[ad_1] (Reuters) – The board of directors of The Weinstein Company said late Sunday the New York film and TV studio planned to file for bankruptcy after talks to sell it collapsed, several media outlets reported. The company had been seeking a deal that would spare it from bankruptcy after more than 70 women accused…
[ad_1] SHANGHAI (Reuters) – Commercial Aircraft Corp of China Ltd (COMAC) said on Monday that a domestic leasing firm had placed an order for 30 of its C919 passenger aircraft and 20 smaller ARJ21 jets. The order from China Huarong Financial Leasing Co Ltd brings Comac’s total order book for the C919 jet to 815…
[ad_1] HONG KONG (Reuters) – Sino-Ocean Group Holding Ltd (3377.HK) said on Sunday Anbang Insurance Group Co Ltd had no plans to trim its stake in the company, and that the Chinese government’s takeover of the insurer would not impact its business. The Chinese government on Friday seized control of Anbang and said its chairman…
[ad_1] BARCELONA (Reuters) – Japan’s Sony Corporation (6758.T) is turning its focus to 4K high-definition video recording in its new Xperia XZ2 smartphone to differentiate itself from rivals that have caught up in camera technology. Unwrapped at Barcelona’s Mobile World Congress on Monday, the XZ2 features Corning Gorilla Glass 5 on both the front and…
[ad_1] BARCELONA (Reuters) – The smartphone industry is bound to consolidate as the heavy investments required to remain competitive mean that, in the long-run, only a handful of firms can make money, the consumer chief of China’s Huawei Technologies [HWT.UL] said on Sunday. Richard Yu, chief executive of Huawei’s consumer business group, said anyone at…
[ad_1] BEIJING (Reuters) – Anbang Insurance Group Co Ltd said on Monday it fully supported the Chinese insurance regulator’s decision to temporarily take control of the company, and remains committed to the development of its overseas subsidiaries. These are the first comments by Anbang on the Chinese government’s move on Friday to seize control of…
[ad_1] A Toronto man feels misled by telecom giant Bell Canada, after signing up at the door for services he says he was guaranteed would remain the same price for two years, but increased after just six months. Gianmarco Minichillo was eating dinner with his family last May when a sales agent for Bell Canada…
[ad_1] LONDON (Reuters) – Investors are feeling sanguine ahead of Italy’s March 4 election. The economy is strengthening and anti-euro sentiment is waning in the single-currency bloc. But the vote has the potential to throw them a curve ball. The election is on the same day as Germany finds out the results of a ballot…
[ad_1] SYDNEY (Reuters) – Asian markets were in a guardedly upbeat mood on Monday, heading into an event-packed week headlined by U.S. inflation data and the first House testimony by the new head of the Federal Reserve. A modest improvement in risk appetite saw the safe-haven yen lost ground, while MSCI’s broadest index of Asia-Pacific…
[ad_1] SEATTLE/BOCA RATON, Fla. (Reuters) – The drive for cost cuts and higher margins at U.S. trucking and railroad operators is pinching their biggest customers, forcing the likes of General Mills Inc and Hormel Foods Corp to spend more on deliveries and consider raising their own prices as a way to pass along the costs.…