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Norwegian Air under pressure to boost finances

OSLO/LONDON (Reuters) - Norwegian Air , the fast-growing budget airline trying to crack the transatlantic market by undercutting established rivals, faces mounting pressure to control costs and shore up its balance sheet to weather fierce competition.

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S&P hits record; Alphabet weighs on Nasdaq

(Reuters) - The S&P hit a record high, while the Dow opened higher on Tuesday, helped by strong earnings from Caterpillar and McDonald's, but Google-parent Alphabet weighed on the tech-heavy Nasdaq.

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UPDATE 1-Germany's Software AG starts probe into S.Africa kickback reports

FRANKFURT/CAPE TOWN, July 25 (Reuters) - Software AG is launching an internal investigation after a media report alleged it had paid kickbacks as part of a wide-ranging South African scandal in which fellow German software maker SAP has also been caught up.

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BRIEF-General Motors reports Q2 earnings per share from cont ops of $1.60

* Q2 adjusted earnings per share from continuing operations $1.89

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Daimler board to discuss alleged German auto cartel: sources

FRANKFURT/HAMBURG (Reuters) - Daimler's supervisory board will meet on Wednesday to discuss allegations that German carmakers were involved in anti-competitive behavior, sources familiar with the matter said on Tuesday.

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U.S. home prices for May rise slower than expected

NEW YORK (Reuters) - U.S. single-family home prices accelerated at a slower pace in April, falling short of forecasts, a survey showed on Tuesday.

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McDonald's U.S. same-restaurant sales beat estimates

(Reuters) - McDonald's Corp on Tuesday reported a higher-than-expected rise in quarterly sales at established U.S. restaurants, helped by promotions on beverages as well as the launch of signature crafted sandwiches.

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Domino's delivers Street-beating sales and profit

(Reuters) - Domino's Pizza Inc reported better-than-expected quarterly revenue and profit, boosted by store openings, lower food costs and higher supply chain revenues from franchises.

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Caterpillar posts 46 percent rise in profit, boosts forecast

(Reuters) - Caterpillar Inc reported a 46 percent jump in quarterly profit on Tuesday, helped by strength in its construction and resources businesses, and raised its profit outlook for the year.

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General Motors quarterly profit falls

DETROIT (Reuters) - General Motors Co on Tuesday reported a lower quarterly net profit from continuing operations due to lower vehicle sales and restructuring charges, but results beat Wall Street expectations.

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Activist investor urges sale of Barnes & Noble

(Reuters) - Activist investor Sandell Asset Management Corp on Tuesday urged U.S. bookstore chain operator Barnes & Noble Inc to sell itself.

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Biogen revenue rises 6.4 percent on Spinraza demand

(Reuters) - U.S. drugmaker Biogen Inc reported a 6.4 percent rise in quarterly revenue, driven by strong demand for its recently approved spinal muscular atrophy drug, Spinraza.

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DuPont beats on strong demand in agriculture business

(Reuters) - Chemicals and seeds company DuPont , which is merging with Dow Chemical , beat analysts' estimates for both profit and revenue on Tuesday, helped by higher sales in its agriculture business.

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China urges halt to oil drilling in disputed South China Sea

BEIJING (Reuters) - China's Foreign Ministry has urged a halt to oil drilling in a disputed part of the South China Sea, where Spanish oil company Repsol had been operating in cooperation with Vietnam.

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Germany's Software AG starts probe into S.Africa kickback reports

FRANKFURT, July 25 (Reuters) - Software AG said on Tuesday it is mounting an internal probe after a media report alleged it had paid kickbacks as part of a wide-ranging South Africa government bribery scheme that has also ensnared fellow German software maker SAP.

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China's HNA taps Goldman for planned Pactera U.S. IPO: sources

HONG KONG (Reuters) - HNA Group, the Chinese airline-to-banking conglomerate, has tapped investment bank Goldman Sachs to list Pactera, the Beijing-based IT outsourcing firm it bought from private equity firm Blackstone, sources familiar with the matter said.

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Uber ties up with AXA for workers' accident cover in France

PARIS (Reuters) - Uber and insurance group AXA on Tuesday announced a partnership to offer accident cover for drivers who work for the ride hailing service in France.

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Michael Kors to buy luxury shoemaker Jimmy Choo for $1.2 billion

LONDON (Reuters) - U.S. retailer Michael Kors has agreed to buy luxury shoemaker Jimmy Choo for $1.2 billion, snapping up a British brand launched in the east end of London and made famous by celebrity fans including Princess Diana.

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Prospect of Trump tariff casts pall over U.S. solar industry

LOS ANGELES (Reuters) - U.S. solar companies are snapping up cheap imported solar panels ahead of a trade decision by the Trump administration that could drive up costs and cloud the fortunes of one of the economy's brightest stars.

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Citigroup hosts investors for first time since the financial crisis

NEW YORK (Reuters) - For the first time since receiving three government bailouts during the 2007-2009 financial crisis, Citigroup Inc on Tuesday is holding a day-long conference for investors, marking another step in the recovery of what was once the biggest U.S. bank.

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Now showing at a disputed South China Sea island not very near you

BEIJING (Reuters) - China has opened its southernmost cinema on a disputed island in the South China Sea, state media said, part on an on-going effort to build up civilian infrastructure and assert Beijing's sovereignty.

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African Markets - Factors to watch on July 25

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. - - - - - EVENTS: Nigeria's central bank announces its decision on interest rates. GLOBAL MARKETS The dollar held above a 13-month low on Tuesday after readings on U.S. factory and services activity beat expectations ahead of the start of a Federal Reserve meeting later in the day, but Asian stocks were subdued with few ca

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Activist investor Sandell presses for Barnes & Noble sale: WSJ

(Reuters) - Activist investor Sandell Asset Management Corp wants Barnes & Noble to try to sell itself again, saying the bookstore chain will benefit from a new owner, the Wall Street Journal reported on Monday.

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VW chief raps Porsche labor boss in Heilbronner Stimme interview

BERLIN (Reuters) - Volkswagen CEO Matthias Mueller strongly criticized Porsche's labor chief in German daily Heilbronner Stimme on Tuesday over public remarks about Audi's management, in a sign of growing tensions within the automotive group.

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Dollar recovers from 13-month low on strong PMI readings, Asia stocks subdued

SINGAPORE (Reuters) - The dollar crept up from a 13-month low on Tuesday after stronger-than-expected readings on U.S. factory and services activity ahead of the start of a Federal Reserve meeting later in the day, but Asian stocks were subdued.

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Oil extends gains as OPEC moves to cap Nigeria output

TOKYO (Reuters) - Oil prices extended gains on Tuesday after OPEC moved to cap Nigerian oil output and Saudi Arabia pledged to limit exports next month to help rein in global oversupply.

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BRIEF-Southern Missouri Bancorp reports Q4 preliminary earnings per share $0.49

* Southern Missouri Bancorp reports preliminary results for fourth quarter of fiscal 2017; increases quarterly dividend by 10%, to $0.11 per common share; schedules conference call to discuss results for Tuesday, July 25 at 3:30 pm Central Time

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Qualcomm accuses tech group of 'misdirecting' trade regulators

(Reuters) - Qualcomm Inc fired back in its case against Apple Inc on Monday, accusing its critics of waging a "coordinated effort aimed at misdirecting" trade regulators.

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'Pharma bro' Shkreli says he will not testify in securities fraud trial

(Reuters) - Martin Shkreli, the pharmaceutical entrepreneur vilified as the "pharma bro" for raising the price of a life-saving drug by 5,000 percent, said on Monday in federal court that he would not testify in his securities fraud trial.

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Fires destroy 1,400 hectares of forest in southern France

PARIS (Reuters) - Fires have destroyed some 1,400 hectares of forest and woodlands in the south of France and the island of Corsica on Monday, authorities said.

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Exclusive: Goldman Sachs retreats from ETF lead market making

NEW YORK (Reuters) - Goldman Sachs Group Inc is pulling back substantially from trading that helps backstop the fast-growing use of U.S. exchange-traded funds, giving smaller firms an opportunity to grab market share.

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BRIEF-Motorcar Parts of America says amended revolving credit, term loan and security agreement by entering into fifth amendment to loan agreement

* Motorcar Parts Of America - On July 18 amended revolving credit, term loan and security agreement by entering into fifth amendment to loan agreement

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Alphabet profit slumps on record $2.7 billion EU fine

(Reuters) - Alphabet Inc reported a 27.7 percent drop in quarterly profit as the company recorded a previously announced charge related to a record $2.7 billion fine imposed on its Google unit by the EU.

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Blue Apron shares surge on Wall Street's upbeat outlook

NEW YORK (Reuters) - Shares of Blue Apron Holdings Inc jumped as much as 20 percent on Monday, reversing some of their heavy losses from the past few weeks, after several brokerages initiated coverage of the meal-kit service with a bullish outlook.

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EU increases pressure on Facebook, Google and Twitter over user terms

BRUSSELS (Reuters) - European Union authorities have increased pressure on Facebook, Google and Twitter to amend their user terms to bring them in line with EU law after proposals submitted by the tech giants were considered insufficient.

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France ready to negotiate with Google on back taxes: minister

PARIS (Reuters) - France is ready to negotiate a deal with Google over back taxes, budget minister Gerald Darmanin told financial daily Les Echos.

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Alphabet appoints Google CEO Pichai to board

(Reuters) - Alphabet Inc said it appointed chief executive of its Google unit, Sundar Pichai, to its board.

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Analyst slashes Chipotle stock target, casts doubt on menu price hikes

LOS ANGELES (Reuters) - Shares in Chipotle Mexican Grill Inc continued losing ground on Monday, after Credit Suisse chopped its price target by $100 and raised doubts about whether the burrito chain can raise menu prices to offset higher costs.

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Organic ranchers eye Amazon distribution ahead of Whole Foods deal

(Reuters) - Amazon.com Inc plans to meet on Wednesday with a dozen U.S. ranchers, seeking to expand distribution of organic and grass-fed meats as it takes over Whole Foods Market Inc, according to the meeting's organizer.

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Campaign group Avaaz calls on EU to block Bayer's Monsanto deal

BRUSSELS (Reuters) - Online campaigns group Avaaz has called on European Union antitrust regulators to block Bayer's purchase of Monsanto, saying it would hurt innovation and competition and push up prices.

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U.S. home sales stumble as prices hit record high

WASHINGTON (Reuters) - U.S. home resales volumes fell more than expected in June as a dearth of properties pushed house prices to a record high.

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Wall Street opens flat as earnings season gathers pace

(Reuters) - U.S. stock indexes opened little changed on Monday, with the earnings of Google parent Alphabet in focus, and ahead of a two-day Federal Reserve meeting that kicks off on Tuesday.

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North American strength helps Halliburton smash profit view

(Reuters) - Halliburton Co swung to a quarterly profit and handily beat analysts' expectations on higher demand in North America, sending the world's No.3 oilfield services provider's shares up 2.5 percent.

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BRIEF-Shanghai Baolong Automotive wins tyre related contract with General Motors' Brazil unit

* Says it wins tyre related contract with General Motors' unit GM DO Brasil Ltda

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Hedge fund Elliott wants 'urgent' Akzo response over CEO concerns

LONDON (Reuters) - Hedge fund firm Elliott Management on Monday asked the board of Dutch paintmaker Akzo Nobel to urgently respond to its concerns about the nomination of a new chief executive.

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Exclusive: Spotify, Warner hope to clinch royalty deal by September - sources

LONDON (Reuters) - Music streaming company Spotify is close to agreeing a new licensing pact with Warner Music Inc, the last big music royalty deal it needs before pushing ahead with a U.S. stock market listing, four sources familiar with the situation said.

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Samsung takes aim at TSMC with plans to triple chip foundry market share

YONGIN, SOUTH KOREA (Reuters) - Samsung Electronics plans to triple the market share of its contract chip manufacturing business within the next five years by aggressively adding clients, a senior company executive said, as it targets new growth drivers for the chips business.

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Democrats take aim at big companies in economic blueprint

WASHINGTON (Reuters) - U.S. Democrats are unveiling an economic platform on Monday that they call "A Better Deal" for working Americans by announcing plans to address unfair market competition, rising pharmaceutical costs and stagnant wages.

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KKR to pay $66.50 per share for WebMD: source

(Reuters) - Private equity company KKR & Co LLP will announce on Monday that it has agreed to pay $66.50 per share in cash to acquire U.S. online health publisher WebMD Health Corp , a person familiar with the matter said on Monday.

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After $50 billion deal spree, China's HNA sets out to clear ownership questions

(Reuters) - Privately-owned conglomerate HNA Group, one of China's most aggressive dealmakers, is shaking up its shareholding structure with a new, charitable foundation, part of efforts to quash long-standing concerns over its ownership.

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VEON board elects former Xerox CEO Ursula Burns as chairman

FRANKFURT (Reuters) - Global telecoms operator VEON has elected former Xerox Corp chief Ursula Burns as its chairman, the company said on Monday, part of corporate governance reforms that are designed to showcase its makeover as an online services player.

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South Africa rhino poaching dips from record high

CAPE TOWN (Reuters) - The number of poached rhinos in South Africa decreased by 13 animals to 529 between January to June compared with the same period last year, a downward trend welcomed with "cautious optimism" by the government on Monday.

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Hopes for HIV cure revived by African child in remission

LONDON, July 24 (Reuters) - A South African child born with HIV has surprised experts by appearing to be effectively cured of the AIDS virus after just a year of treatment followed by eight and a half years drug-free.

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BMW, VW and Daimler shares skid on EU probe of German carmakers

FRANKFURT (Reuters) - German auto stocks took a hit in early Monday trading, weighed down by uncertainty over possible antitrust fines after European regulators said they were investigating allegations that carmakers were operating a cartel.

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China says it wants to 'maintain stability' in disputed South China Sea

BANGKOK (Reuters) - Chinese Foreign Minister Wang Yi said on Monday Beijing wanted to maintain stability in the South China Sea as it seeks alliances in the region amid tensions in the disputed waters.

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European banks struggle to solve toxic shipping debt problem

LONDON (Reuters) - Dutch shipowner Vroon is finding talks with banks tough going as it tries to navigate a way out of a long slump in the shipping industry. But it is not an easy time for the lenders either.

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U.S. chicken processor profits fatten on cheap feed

CHICAGO (Reuters) - U.S. meat producers are earning some of the highest profit margins in more than a decade, a bright spot for investors in agriculture, where grain farmers and trading companies are struggling to make money after years of massive oversupply.

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Direct lending funds' fading all-weather appeal

NEW YORK (Reuters) - Miami-area money manager Bob Press appears to offer the ultimate all-weather investment: a "direct lending" hedge fund that does not require a long-term commitment and has produced nearly 90 straight months of positive returns not correlated to other markets.

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U.S. venture capital's digital coin quandary: cash-rich startups

NEW YORK (Reuters) - U.S. venture capital firms lining up for a slice of the burgeoning digital currency market are grappling with a novel challenge - some of the hottest tech startups that sell the coins just don't need their money.

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CORRECTED-African Markets - Factors to watch on July 24

(Corrects date in headline and day in first paragraph) NAIROBI, July 24 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday. - - - - - EVENTS: *ZAMBIA - The statistics office is expected to release July consumer price index data any time starting today. GLOBAL MARKETS Asian stocks slipped on Monday as demand for riskier assets ebbed after their recent strong gain

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Ebbing risk appetite grounds Asian stocks, dollar sulks as euro strengthens

SINGAPORE (Reuters) - Asian stocks slipped on Monday as demand for riskier assets ebbed after recent strong gains, while the euro's near-two-year high on the European Central Bank's seeming lack of concern about its strength left the dollar languishing near a 13-month low.

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BRIEF-EROAD Ltd comments on implementation of the Electronic Logging Devices mandate for motor carriers

* efforts are being made in us to delay implementation of electronic logging devices (eld) mandate for motor carriers

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Australian regulator investigating Takata airbag recall after death

SYDNEY (Reuters) - Australia's consumer watchdog said on Monday it was investigating the recall of Takata Corp vehicle airbags, a day after police said a man's death in a Sydney car crash could be linked to the faulty safety equipment.

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China's debt specter could haunt Fed's policy meetings

HONG KONG (Reuters) - In September 2015, the U.S. Federal Reserve cited risks from China as a key reason for delaying its first interest rate hike in a decade. A wall of Chinese debt maturing in the next few years could jolt the country back into the U.S. central bank's policy deliberations.

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Militias renew attacks in Central African town, kill peacekeeper

DAKAR (Reuters) - Christian militias in Central African Republic have launched several attacks in the town of Bangassou in recent days, attempting to seize a cathedral housing displaced Muslims and killing a Moroccan peacekeeper, the United Nations said on Sunday.

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Oil steady after fall ahead of OPEC/non-OPEC meeting

TOKYO (Reuters) - Oil prices were little changed on Monday following a steep fall in the previous session amid growing expectations that the joint OPEC and non-OPEC ministerial meeting later in the day would address rising production from Nigeria and Libya, two OPEC members exempted from the cuts.

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UPDATE 1-Australian regulator investigating Takata airbag recall after death

July 24 (Reuters) - Australia's consumer watchdog said on Monday it was investigating the recall of Takata Corp vehicle airbags, a day after police said a man's death in a Sydney car crash could be linked to the faulty safety equipment.

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Federal Reserve now faces prospect of global monetary policy tightening

WASHINGTON (Reuters) - Prospects for tighter monetary policy in Europe and other countries could pose a fresh problem for the Federal Reserve when it meets next week to ponder its plan to reduce its $4.2 trillion bond portfolio purchased after the 2008 financial crisis.

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Australian regulator investigating Takata airbag recall

July 24 (Reuters) - Australia's consumer watchdog said on Monday it is investigating the recall of Takata Corp vehicle airbags, a day after police said a man's death in a Sydney car crash could be linked to the faulty safety equipment.

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Exclusive: KKR nears deal to acquire WebMD - sources

(Reuters) - Private equity firm KKR & Co LLP is nearing an all-cash deal to acquire WebMD Health Corp , a U.S. online health publisher with a market capitalization of $2.1 billion, people familiar with the matter said on Sunday.

The Big Sick (Movie) nytimes.com

‘The Big Sick,’ South Asian Identity and Marriage

The hit movie reflects the world that one New York Times writer grew up in. But does it do so at the expense of South Asian women?

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BMW rejects media reports of emissions manipulations

FRANKFURT (Reuters) - German carmaker BMW on Sunday rejected media reports that the emissions treatment systems in its vehicles did not work effectively and that it colluded with rivals on their design and prices.

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Supreme Court ruling leads to offensive trademark requests

NEW YORK (Reuters) - A small group of companies and individuals are looking to register racially charged words and symbols for their products, including the N-word and a swastika, based on a U.S. Supreme Court decision on trademarks last month.

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U.S. Cuba tour operators gird for Trump travel crackdown

HAVANA/NEW YORK (Reuters) - U.S. tour operators that send Americans to Cuba are banding together to try to limit damage to business from tighter restrictions on travel to the communist-run island expected in September from the Trump administration.

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Spain looks at selling more of Bankia, economy minister says

BARCELONA, Spain (Reuters) - Spain will explore the possibility of selling a further stake in state-owned Bankia later this year, Economy Minister Luis de Guindos said in an interview with Spanish newspaper ABC on Sunday.

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Female stars call on BBC to 'act now' to close gender pay gap

LONDON (Reuters) - Some of the most high-profile female presenters at the BBC called on the head of Britain's public broadcaster on Sunday to "act now" to address a gender pay gap that sees it pay its top male star five times more than its best-paid female presenter.

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Blackstone in talks to buy 40 percent of Israel cyber firm NSO: report

TEL AVIV (Reuters) - Blackstone Group is in advanced talks to acquire 40 percent of Israeli cyber firm NSO Group for $400 million, Israel's Calcalist business newspaper reported on Sunday.

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New Zealand braces for more rain after severe storms lash south island

(Reuters) - Residents in the two largest cities on New Zealand's south island began returning to their homes on Sunday, despite state of emergencies still in place, after a severe storm caused flooding and forced hundreds of homes to be evacuated.

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South Africa's Sisulu says ANC must return to its roots, fight graft

JOHANNESBURG (Reuters) - South African housing minister Lindiwe Sisulu launched her bid on Saturday to succeed scandal-hit President Jacob Zuma as leader of the African National Congress (ANC) by vowing to help save the ruling party from infighting and corruption.

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World Bank orders Argentina to pay $320 million over seized airline: newspaper

BUENOS AIRES (Reuters) - The World Bank's arbitration tribunal has ordered Argentina to pay $320 million plus interest and legal fees to Spanish travel group Marsans for expropriating its airline Aerolineas Argentinas SA in 2008, a local newspaper reported on Saturday.

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India's Delhi government tells Philip Morris to remove all ads

NEW DELHI (Reuters) - The state government in India's capital told Philip Morris International Inc and other tobacco companies on Saturday to remove all advertisements from tobacco shops in the city, warning them of legal action if they do not comply.

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Opel defends inclusion of employee leases in sales data

FRANKFURT (Reuters) - German carmaker Opel, which is being bought by French rival PSA Group from General Motors , said on Saturday that its sales figures included cars pre-registered by Opel and leased by company workers and pensioners and their families.

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Seat chief says sees CNG cars as possible diesel alternative: report

FRANKFURT (Reuters) - Carmaker Seat sees compressed-natural-gas (CNG) as an alternative fuel to diesel, the chief executive of the Spanish Volkswagen division said on Saturday.

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EU's car regulator warns against car diesel ban in cities

BRUSSELS (Reuters) - Banning diesel cars in European cities could hamper automakers' ability to invest in zero-emission vehicles, the European Union's commissioner for industry has warned the bloc's transport ministers.

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Scaramucci awaits U.S. approval for China deal

NEW YORK (Reuters) - Anthony Scaramucci, the Trump administration's new communications director, has yet to get approval from U.S. regulators to sell his hedge fund firm to a group led by Chinese conglomerate HNA, according to a person familiar with the matter.

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Exclusive: U.S. weighs financial sanctions to hit Venezuela's oil revenue - sources

HOUSTON/WASHINGTON (Reuters) - The United States is considering financial sanctions on Venezuela that would halt dollar payments for the country's oil, according to a senior White House official and an adviser with direct knowledge of the discussions.

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Deutsche Bank, JPMorgan to pay $148 million to end yen Libor cases in U.S.

NEW YORK (Reuters) - Deutsche Bank AG and JPMorgan Chase & Co have agreed to pay a combined $148 million to end private U.S. antitrust litigation claiming they conspired with other banks to manipulate the yen Libor and Euroyen Tibor benchmark interest rates.

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Small-cap rally could shrink on earnings, tax reform hurdles

NEW YORK (Reuters) - Optimism is souring around small-cap stocks for some investors, with a host of factors conspiring to up-end gains that have taken them to record highs.

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Lemonheads owner Ferrara eyes Nestle's candy business: sources

(Reuters) - Ferrara Candy Co, the owner of candies such as Lemonheads and Now & Later chews, is preparing to participate in the auction for Swiss food group Nestle SA's U.S. candy business, people familiar with the matter said on Friday.

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U.S. fines American Airlines, Delta, Frontier for violating consumer protection rules

WASHINGTON (Reuters) - The U.S. Transportation Department said on Friday has fined Frontier Airlines, American Airlines and Delta Air Lines for violating the department’s airline consumer protection rules.

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BRIEF-Wabash National expands south central distribution

* Wabash National expands south central distribution with new dealer summit truck group Source text for Eikon: Further company coverage:

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U.S. seeks to drop criminal charges in 'London Whale' case

NEW YORK (Reuters) - U.S. prosecutors on Friday said they plan to drop criminal charges against two former JPMorgan Chase & Co derivatives traders over allegations they had a role in the "London Whale" trading scandal that caused $6.2 billion of losses.

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U.S. lawyers suing Volkswagen get $300 million in fees, costs

WASHINGTON (Reuters) - A federal judge on Friday approved $125 million in fees and costs for lawyers who sued Volkswagen AG on behalf of U.S. owners of 88,000 3.0 liter diesel vehicles over excess emissions.

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U.S. IPO market may struggle to finish 2017 on a high

(Reuters) - Underwhelming performances of Snap and Blue Apron since their high-profile market debuts, especially at a time when the U.S. stock market is hitting record highs, is an indication that the IPO market will not be as robust as expected this year.

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India to quiz Philip Morris on marketing of Marlboro

NEW DELHI (Reuters) - India plans to seek an explanation from Philip Morris International Inc about its marketing practices after Reuters reported that the tobacco giant used tactics that government officials say flout the country's law, a health ministry official said on Friday.

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Democrats in Congress urge review of Amazon's Whole Foods bid

WASHINGTON (Reuters) - A group of Democrats in Congress, in a letter this week, urged the Department of Justice and the Federal Trade Commission to conduct a more in-depth review of online retailer Amazon's plan to buy grocer Whole Foods.

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Alitalia gets some 10 non-binding offers for the airline: source

ROME (Reuters) - Struggling Italian airline has received about ten non-binding offers for the company, a source close to the matter said on Friday.

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Motor racing: Slow puncture caused Vettel's Silverstone blowout

LONDON (Reuters) - A slow puncture caused Sebastian Vettel's dramatic penultimate lap tyre blowout at last weekend's British Grand Prix, Pirelli said on Friday.

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Hedge fund stung by unusual ruling over Sprint-Clearwire deal

WILMINGTON, Del (Reuters) - A Delaware judge ruled Friday that wireless carrier Clearwire Corp was sold in 2013 for more than twice its fair value, a decision that dealt a stinging loss to the Aurelius Capital Management hedge fund which spent years battling to prove Clearwire was vastly underpriced.

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Motor racing: I've burnt the unlucky underpants, says Palmer

LONDON (Reuters) - Renault Formula One driver Jolyon Palmer says he has torched his 'unlucky underpants' as he seeks a change of fortune in Hungary next week.

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Global pizza brands battle for Russia's far-flung regions

MOSCOW (Reuters) - Global pizza brands Domino's and Papa John's are preparing an assault on Russia's provinces, betting they can turn a profit far from Moscow as online card payments become more widespread and consumers get to know foreign brands better.

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Ford to petition to avoid recall of 2.2 million vehicles

WASHINGTON, (Reuters) - Ford Motor Co will petition to avoid an immediate recall of about 2.2 million vehicles with Takata air-bag inflators that the Japanese auto supplier declared defective last week, U.S. regulators and the automaker said Friday.

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Revellers party in South Korea's capital of mud

BORYEONG, South Korea (Reuters) - Revellers danced and wrestled on Friday in South Korea's capital of mud, kicking off a nine-day festival expected to lure millions of people to this quaint coastal...

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Freeport Indonesia mine workers extend strike for fourth month

JAKARTA/TORONTO (Reuters) - An estimated 5,000 workers at the giant Grasberg copper mine operated by Freeport-McMoRan Inc's Indonesian unit will extend their strike for a fourth month, a union official said on Friday, in an ongoing dispute over layoffs and employment terms.

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After false dawn, Big Oil to double down on cost cuts

LONDON (Reuters) - After a brief respite at the start of the year, the world's top oil and gas companies are set to double down on cost cutting as a recovery in crude prices after a three-year slump falters.

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Motor racing: Haas to stick with same drivers next season

LONDON (Reuters) - The Haas Formula One team will have the same driver lineup of Romain Grosjean and Kevin Magnussen next season, owner Gene Haas said on Friday.

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A new dawn: South Korea seeks new talks with Pyongyang

(Reuters) - Earlier this month South Korea proposed military talks with the North. The formal initiative from Seoul's new government could lead to the first high-level discussions between the rival states since 2015.

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Honeywell beats profit estimates, raises full-year forecasts

(Reuters) - Honeywell International Inc reported a better-than-expected quarterly profit, as sales in its aerospace unit and the business that caters to the energy industry were not as bad as it had feared.

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Bank of America picks Dublin as EU hub post Brexit

LONDON (Reuters) - Bank of America has become the first Wall Street bank to pick Dublin to be its new base for its European Union operations as Britain prepares to leave the bloc, the firm said in a statement on Friday.

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German automakers may have colluded over diesel emissions treatment systems: Spiegel

FRANKFURT (Reuters) - Germany's carmakers VW , BMW , Audi, Porsche may have colluded to fix the prices of diesel emissions treatment systems using industry committees, German magazine Der Spiegel reported on Friday.

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Wanted: Housewives to beat staff crunch at Japan's FamilyMart

TOKYO (Reuters) - Japan's second-largest convenience store chain hopes it has found an answer to its labor problems - housewives.

businessNews reuters.com

MasterCard says $18 billion British class action lawsuit blocked

LONDON (Reuters) - A 14 billion pound ($18 billion) class action lawsuit against MasterCard for allegedly overcharging more than 45 million people in Britain over a 16-year period was blocked from proceeding by a judge, MasterCard said on Friday.

businessNews reuters.com

GE quarterly revenue drops 12 percent; cash flow up on quarter

(Reuters) - General Electric Co reported a 12 percent drop in revenue for the second quarter, as weakness in its energy connections business offset strength in renewables and power units.

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Futures slightly lower on earnings from industrial giants

(Reuters) - U.S. stock index futures were slightly lower on Friday, but continued to hover around record levels, as investors took cues from earnings reports of industrial heavyweights General Electric and Honeywell.

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UK sidelined as Europe looks beyond Brexit in aerospace

PARIS (Reuters) - Britain risks losing clout in the aerospace industry, one of its largest skilled employers, due to concerns over its departure from the European Union, a corporate overhaul at Airbus and a new Franco-German push on defense, industry insiders say.

businessNews reuters.com

Audi to recall 850,000 diesel cars to update emissions software

FRANKFURT (Reuters) - Luxury car maker Audi has launched a recall for up to 850,000 diesel-fueled cars to update vehicle software controlling emissions in a bid to avoid potential driving bans, it said on Friday.

businessNews reuters.com

French banks could create 1,000 jobs in Paris post-Brexit: lobby

PARIS (Reuters) - French banks could shift about 1,000 jobs currently based in London to Paris to keep staff in the European Union after Britain exits the EU, said the French Banking Federation.

worldNews reuters.com

More attacks likely in Southeast Asia after Marawi: report

JAKARTA (Reuters) - As a lengthy, urban battle drags on between Philippine forces and Islamist militants in the southern city of Marawi, a new report by a think-tank has warned of more attacks by radicals in Southeast Asia, including on foreigners.

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Show and sell: shift in global ad spending boosts events firms

BENGALURU (Reuters) - Organizers of conferences and trade shows are benefiting from a shift in the way marketing budgets are allocated, with companies spending less on advertising and more on events that allow them to connect directly with customers.

businessNews reuters.com

AstraZeneca CEO reassures staff, aims to be at September cancer meet

LONDON (Reuters) - AstraZeneca Chief Executive Pascal Soriot, responding to rumors he might leave the drugmaker to join rival Teva Pharmaceutical Industries, has told staff he expects to work "together" with employees to see the company succeed.

businessNews reuters.com

Siemens to exit Russian power-plant JV Interautomatika

FRANKFURT (Reuters) - German industrial group Siemens will exit its Russian power-plant joint venture Interautomatika in light of a scandal that saw four gas turbines it sold for use in Russia turn up in Crimea, a region subject to EU sanctions, it said on Friday.

companyNews reuters.com

African Markets - Factors to watch on July 21

NAIROBI, July 21 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday. - - - - - GLOBAL MARKETS The euro held near two-year highs against the dollar on Friday after the head of the European Central Bank said tapering of its stimulus will be on the table this autumn, while a solid global economic outlook kept Asian share prices near decade highs.

businessNews reuters.com

Chinese courier ZTO sued for "untrue statements" in $1.4 billion U.S. IPO

SHANGHAI (Reuters) - Chinese courier ZTO Express and the underwriters of its New York stock market listing have been sued by a U.S. pension fund that alleges the firm exaggerated its profit margins to lure investors into its $1.4 billion initial public offering.

worldNews reuters.com

No Korean military talks after North snubs South's call

SEOUL (Reuters) - South Korea's proposed military talks aimed at easing tensions between the two Koreas planned for Friday failed to take place after the North snubbed a call by the South, a setback for new President Moon Jae-in's hope of engaging Pyongyang in dialogue.

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Euro at two-year high, Asian shares barely budge

TOKYO (Reuters) - The euro held near two-year highs against the dollar on Friday after the head of the European Central Bank said tapering of its stimulus will be on the table this autumn, while a solid global economic outlook kept Asian share prices near decade highs.

businessNews reuters.com

U.S. attempt to limit Wall Street bonuses fizzles out quietly

WASHINGTON (Reuters) - The regulatory agenda released by the Trump administration on Thursday contained a signal that the U.S. government has halted its work on restricting Wall Street executives' bonuses and other pay incentives.

businessNews reuters.com

Exclusive: U.S. toughens stance on foreign deals in blow to China's buying spree

(Reuters) - A secretive U.S. government panel has objected to at least nine acquisitions of U.S. companies by foreign buyers so far this year, people familiar with the matter said, a historically high number that bodes poorly for China's overseas buying spree.

businessNews reuters.com

Tech group sides with Apple in Qualcomm's iPhone ban dispute

(Reuters) - A group representing major technology companies has aligned itself against Qualcomm Inc in its legal dispute with Apple Inc by calling on regulators to reject Qualcomm's bid to ban the import of iPhones.

businessNews reuters.com

Chipotle shares fall on Norovirus, rodent incidents

BOSTON (Reuters) - Chipotle Mexican Grill Inc shares fell 4.5 percent on Thursday after testing confirmed Norovirus in a customer who ate at the one of the chain's Virginia restaurants and a video of rodents crawling on the floor of a Dallas shop went viral.

businessNews reuters.com

Ex-Akebia employee faces losing bail in insider trading case

BOSTON (Reuters) - A former Akebia Therapeutics Inc employee accused of insider trading faced the growing possibility of having his bail revoked as a U.S. prosecutor argued on Thursday that he posed a flight risk and was growing "increasingly unhinged."

businessNews reuters.com

FTC probing allegations of Amazon's deceptive discounting

WASHINGTON (Reuters) - As part of its review of Amazon's agreement to buy Whole Foods , the Federal Trade Commission is looking into allegations that Amazon misleads customers about its pricing discounts, according to a source close to the probe.

businessNews reuters.com

Delta proceeds with New York's LaGuardia $4 billion project without Goldman

NEW YORK (Reuters) - Transportation officials on Thursday approved a revised $4 billion plan from Delta Air Lines to renovate its terminal at New York's LaGuardia Airport after Goldman, Sachs & Co , a financial partner in the project, exited the deal.

businessNews reuters.com

Microsoft profit beats on strong cloud demand

(Reuters) - Microsoft Corp reported a better-than-expected quarterly profit and revenue, helped by a strong performance in its fast-growing cloud business.

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Visa beats profit estimates, raises earnings forecast

(Reuters) - Visa Inc , the world's largest payments network operator, on Thursday reported a better-than-expected quarterly profit and raised its full-year earnings forecast, as more people made payments using its network.

businessNews reuters.com

UAW 'talking' to GM about impact of car sales slump on U.S. jobs

(Reuters) - The president of the United Auto Workers union expressed concern on Thursday about the impact of slumping U.S. car sales at General Motors Co on auto plants and jobs.

businessNews reuters.com

Trump unveils companies' $500 million U.S. drug packaging project

WASHINGTON (Reuters) - President Donald Trump on Thursday announced a $500 million investment that Corning Inc is making with pharmaceutical giants Merck and Pfizer to manufacture a new kind of glass for injectable drug vials.

businessNews reuters.com

Snap under pressure as Wall Street eyes share lock-up expirations

SAN FRANCISCO (Reuters) - A potential flood of newly available Snap shares is weighing on Wall Street's already shaky support for the owner of the Snapchat social media app.

businessNews reuters.com

Trump administration's NAFTA demands make sense: Union Pacific CEO

DETROIT (Reuters) - The list of priorities U.S. Trade Representative Robert Lighthizer released this week for the renegotiation of NAFTA with Mexico and Canada is reasonable and in line with what the Trump administration has promised to focus on, the head of America's largest railroad said on Thursday.

sportsNews reuters.com

Motor racing-Formula One 'halo' is a mistake, says Lauda

LONDON (Reuters) - Formula One's decision to introduce a 'halo' cockpit protection device next year is a mistake, according to former champion Niki Lauda.

businessNews reuters.com

EU examines emissions collusion by German car makers: Handelsblatt

BERLIN (Reuters) - The European Commission is examining whether German automakers colluded in systems they used to clean exhaust emissions as part of investigations triggered by the Volkswagen scandal, the Handelsblatt daily reported on Thursday.

businessNews reuters.com

Benetton family seeks to make Ducati motorbikes Italian: sources

LONDON/FRANKFURT/MILAN (Reuters) - Italy's Benetton family is vying with motorbike firms and buyout funds for control of Italian motorcycle brand Ducati, which is being sold by Germany's Volkswagen , sources involved in the process told Reuters.

companyNews reuters.com

Benetton family seeks to make Ducati motorbikes Italian -sources

LONDON/FRANKFURT/MILAN, July 20 (Reuters) - Italy's Benetton family is vying with motorbike firms and buyout funds for control of Italian motorcycle brand Ducati, which is being sold by Germany's Volkswagen, sources involved in the process told Reuters.

businessNews reuters.com

Citigroup, Deutsche Bank beef up Frankfurt presence in Brexit response

LONDON/FRANKFURT (Reuters) - Two global banks, Citigroup and Deutsche Bank , are beefing up their presence in Frankfurt to deal with the impact of Britain leaving the European Union.

companyNews reuters.com

BRIEF-Fidelity Southern reports Q2 earnings per share $0.33

* Fidelity Southern Corporation reports earnings for second quarter of $8.9 million

businessNews reuters.com

Bombardier wins dismissal of Comerica aircraft payments lawsuit

NEW YORK (Reuters) - Bombardier Inc has won the dismissal of a U.S. lawsuit in which Comerica Inc sought millions of dollars after the Canadian aircraft maker was unable to find buyers for four planes whose leases had expired.

businessNews reuters.com

UAW head believes U.S. Nissan workers would vote for union now

DETROIT (Reuters) - United Auto Workers president Dennis Williams said on Thursday he feels "very strongly" that if Nissan Motor Co Ltd workers at the automaker's plant in Canton, Mississippi voted now, they would vote in favor of union representation.

sportsNews reuters.com

Motor racing: Mexico GP to build on Day of the Dead theme

LONDON (Reuters) - Mexican Grand Prix organizers are planning to bring more of a flavor of the country's Day of the Dead festivities to this year's race, after previous reticence due to Formula One's inherent danger and tragic past.

businessNews reuters.com

Banks hope to keep staff in London if soft Brexit deal struck

LONDON (Reuters) - Banks which are shifting operations to avoid disruption once Britain leaves the European Union hope only a handful of people will eventually have to leave London, industry sources say.

businessNews reuters.com

Europe's cashed-up companies get comfy with capex

LONDON (Reuters) - Sitting on $1 trillion in cash and emerging from years of caution, European companies are now showing the strongest year-on-year growth in capital spending plans in the world.

businessNews reuters.com

U.S. fines Exxon Mobil over Ukraine-related sanctions violations

WASHINGTON (Reuters) - The U.S. Treasury Department on Thursday announced a civil penalty against Exxon Mobil Corp and its U.S. subsidiaries for violating sanctions regulations related to Ukraine in May 2014, fining the global oil company $2 million.

cnn.com

Six African teens reported missing while visiting US for robotics competition

Police are searching for six teens who were visiting Washington for an international robotics competition and have been reported missing.

businessNews reuters.com

Abbott raises full-year profit forecast

(Reuters) - Abbott Laboratories on Thursday raised its full-year adjusted profit forecast as the diversified healthcare company gains from its $25 billion acquisition of St. Jude Medical.

businessNews reuters.com

U.S. jobless claims fall to near five-month low

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell more than expected last week, touching its lowest level in nearly five months, suggesting another month of strong job growth.

businessNews reuters.com

Sears to sell Kenmore appliances on Amazon

(Reuters) - Sears Holdings Corp said its Kenmore brand of home appliances would now be available on Amazon.com , sending the struggling retailer's shares up 7 percent in premarket trading on Thursday.

businessNews reuters.com

Bill Gross warns of recession risk if highly levered economies hike rates

NEW YORK (Reuters) - Highly levered domestic and global economies including the United States, which have "feasted" on easy monetary policies in recent years, cannot withstand a normalizing of short-term interest rates without running the risk of a recession, influential bond investor Bill Gross of Janus Henderson Investors warned on Thursday.

businessNews reuters.com

Turkey's Simsek says no probe of Daimler, BASF, welcomes German investment

ANKARA (Reuters) - Press reports that Turkey is investigating Germany's Daimler and chemicals giant BASF are "completely false", Deputy Prime Minister Mehmet Simsek said on Twitter on Thursday, adding that Ankara welcomed German investors.

businessNews reuters.com

Futures flat as investors await earnings deluge

(Reuters) - U.S. stock index futures were little changed on Thursday, a day after all three major indexes closed at record highs helped partly by technology stocks, while investors remained optimistic about earnings.

businessNews reuters.com

Oman Air in talks with Airbus, Boeing to expand wide-body fleet to 25 jets

KUALA LUMPUR (Reuters) - Oman's national airline is in talks with planemakers Airbus and Boeing to expand its wide-body fleet to 25 jets and hopes to conclude the deal in the next two to three months, its chief executive said on Thursday.

businessNews reuters.com

Exclusive: U.S. bank card companies to seek licenses to operate in China in months

HONG KONG (Reuters) - U.S.-based payment card companies, including American Express , MasterCard and Visa , are preparing to submit license requests to operate in China within months, according to three people with direct knowledge of the matter.

businessNews reuters.com

Nestle CEO plays down chances of deal rush: Manager Magazin

ZURICH (Reuters) - Nestle Chief Executive Mark Schneider played down the chances of a rush of deals involving the Swiss food group after the company said last month it may sell its roughly $900 million-a-year U.S. confectionery business.

businessNews reuters.com

Britain still likely to refer Murdoch's Sky deal for further scrutiny

LONDON (Reuters) - Britain said on Thursday it still intended to refer Rupert Murdoch's bid to buy pay-TV group Sky for further scrutiny to assess whether it would give the media mogul too much influence.

businessNews reuters.com

BlackBerry wins right to sell secure messaging tools to U.S. government

TORONTO (Reuters) - BlackBerry Ltd said on Thursday it has won the right to sell tools for encrypting phone calls and text messages to the U.S. federal government, garnering an endorsement from the National Security Agency for the products.

businessNews reuters.com

Blackstone raising at least $3 billion in first Asia PE fund: sources

HONG KONG (Reuters) - Blackstone Group LP is seeking to raise up to $3 billion in its first Pan-Asia buyout fund for investments in sectors including high-end manufacturing and healthcare, people familiar with the plan told Reuters.

businessNews reuters.com

Exclusive: U.S. Cardinal Health puts $1.5 billion China business on block - sources

HONG KONG (Reuters) - U.S. drug distributor Cardinal Health has put its China business up for sale, drawing keen interest from state-backed Chinese pharmaceutical firms in a deal that may be worth up to $1.5 billion, sources familiar with the matter said.

businessNews reuters.com

Craft brewer targets Nigerian palates and big brands

ABUJA (Reuters) - From pale ale with tangs of passion fruit and mango to a heady stout with 10 percent alcohol, a pioneering craft brewer in Nigeria is seeking to expand and grab more of a market dominated by Heineken and Diageo.

businessNews reuters.com

Insider trading probe into Deutsche Boerse CEO still open: prosecutor

FRANKFURT (Reuters) - The public prosecutor in Frankfurt said on Thursday that an investigation into Deutsche Boerse's chief executive Carsten Kengeter on allegations of insider trading is still open.

cnn.com

South Korea postpones proposed talks because North Korea didn't respond

Hours before they are due to start, possible joint military talks between North Korea and South Korea remain up in the air, with Pyongyang having yet to confirm its attendance.

entertainmentNews reuters.com

South Korea gives pop idol T.O.P. suspended jail term for smoking weed

SEOUL (Reuters) - A South Korean court on Thursday handed K-pop sensation T.O.P. a suspended 10-month jail sentence for drug use, after he pleaded guilty and sought leniency to avoid a prison term.

businessNews reuters.com

Activist fund Elliott adds potash to list of BHP grievances

SYDNEY (Reuters) - Activist shareholder Elliott Management said it has deep concerns over a proposal by BHP to enter the currently over-supplied fertilizer market, reiterating its call for change at the mining giant.

businessNews reuters.com

Backing of workers, communities key to Libya's oil revival

SHARARA OIL FIELD, Libya (Reuters) - When the head of Libya's state energy company visited Sharara oil field in early July, community leaders and workers crowded into a conference room to ask about jobs, training and services for local people.

businessNews reuters.com

Goldman's rotten trading quarter is a familiar smell on Wall Street

(Reuters) - Big Wall Street banks have spent billions of dollars and untold man-hours in recent years transforming their trading desks from hedge-fund like operations trading on their own account into market-making businesses offering a price based on what customers want to buy or sell.

businessNews reuters.com

BOJ keeps policy steady, pushes back timing to hit price target

TOKYO (Reuters) - The Bank of Japan kept monetary policy steady and pushed back again the timing for achieving its 2 percent inflation target on Thursday, reinforcing expectations it will lag well behind major global central banks in dialing back its massive stimulus program.

businessNews reuters.com

Oil stable after large fall in U.S. fuel stocks, but markets remain bloated

SINGAPORE (Reuters) - Oil prices held steady on Thursday following solid gains the previous day when falling U.S. fuel inventories lifted the market.

businessNews reuters.com

L3 Technologies CEO to retire, COO to take over

(Reuters) - Aerospace communication systems provider L3 Technologies Inc said on Wednesday that Chief Executive Officer (CEO) Michael Strianese would retire and Christopher Kubasik, who is currently the chief operating officer (COO), would succeed him.

businessNews reuters.com

Asia stocks hit 9-1/2-year high, markets await BOJ, ECB meetings

SINGAPORE (Reuters) - Asian shares scaled near-decade peak on Thursday, bolstered by a surge in global stocks to a record high on strong U.S. corporate earnings, while investors awaited the Japanese and European central bank meetings for clues on their policy outlooks.

businessNews reuters.com

Activist Jana cashes out of Whole Foods following Amazon deal

(Reuters) - Activist investor Jana Partners LLC cashed out of its position in Whole Foods Market Inc , a regulatory filing showed on Wednesday, after the upscale grocer agreed to be acquired by Amazon.com Inc in a $13.7 billion deal last month.

businessNews reuters.com

After 17 years, S&P tech index breaks record

SAN FRANCISCO (Reuters) - It took 17 years, but the S&P 500 information technology index has finally recovered from the implosion of the dot-com bubble.

domesticNews reuters.com

South Carolina newborn dies after being put in trash by mom: police

(Reuters) - A 19-year-old South Carolina woman and her mother have been charged in the death of a newborn baby boy left in a trash can at the restaurant where each of them worked, police said on Wednesday.

businessNews reuters.com

U.S. stock options attractive as earnings reports roll in

NEW YORK (Reuters) - The U.S. equity options market is pricing in uncharacteristically low stock market gyrations in the early days of second quarter corporate earnings reports, offering attractive opportunities for investors, market analysts said on Wednesday.

businessNews reuters.com

Amazon launches shopping social network Spark for iOS

NEW YORK (Reuters) - Amazon.com Inc has launched a social feature called Spark that allows members to showcase and purchase products on its platforms, the retail giant's first clear move into the world of social media.

businessNews reuters.com

American Express profit dips on higher costs, but beat estimates

(Reuters) - American Express Co's profit fell less than expected in the second quarter, as higher spending by card members made up for increased costs from offering rewards.

businessNews reuters.com

Qualcomm's profit slumps amid Apple battle

(Reuters) - Qualcomm Inc reported a 40 percent slump in quarterly profit as its escalating patent battle with Apple Inc took a toll on its business.

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T-Mobile quarterly results top estimates as subscribers grow

(Reuters) - T-Mobile US Inc on Wednesday posted quarterly results that topped analysts' estimates as the No. 3 U.S. wireless carrier gained more phone subscribers who pay a monthly bill, the industry's most valuable customers.

sportsNews reuters.com

Motor racing: F1 to implement 'halo' protection device from 2018

LONDON (Reuters) - Formula One will introduce the 'halo' cockpit protection system from next year, the sport's governing body, the FIA, said on Wednesday.

businessNews reuters.com

U.S. judge allows VW bondholder suit to continue

WASHINGTON (Reuters) - A federal judge in California on Wednesday allowed some claims to proceed by bondholders who sued Volkswagen AG over its diesel emissions scandal, but agreed to the German automaker's request to dismiss parts of the lawsuit.

Myanmar nytimes.com

As U.S. Attention Wanes in Southeast Asia, China Woos Myanmar

Myanmar’s opening had been considered an American victory, but China is bringing it into its fold with money and diplomacy.

politicsNews reuters.com

Senior U.S. Republican questions Trump's South Korea, Asia trade moves

WASHINGTON (Reuters) - A top U.S. Republican trade lawmaker on Wednesday questioned the Trump administration's plans to renegotiate a trade deal with U.S. ally South Korea, as well as the White House's focus on bilateral trade deals.

businessNews reuters.com

GM cleared in first case over updated ignition switch

NEW YORK (Reuters) - A federal jury in New York on Wednesday found General Motors was not to blame for a crash of an Arizona man who alleged that his accident was caused by an updated version of the carmaker's ignition switch that did not adequately fix the flaws of a previous model.

businessNews reuters.com

NAFTA exit, border tax would raise U.S. carmakers' costs: study

DETROIT (Reuters) - A U.S. exit from NAFTA or implementation of a border tax would result in many billions of dollars in additional costs for automakers and their suppliers and add hundreds of dollars to each car's production costs, according to a study released on Wednesday.

businessNews reuters.com

German regulator to assess suitability of Deutsche Boerse management

FRANKFURT (Reuters) - A German regional exchange regulator will assess the suitability of Deutsche Boerse's management board after allegations of insider trading against the company's chief executive officer earlier this year.

businessNews reuters.com

Justice Department expected to drop $3 million Harley-Davidson emissions penalty: sources

WASHINGTON (Reuters) - The U.S. Justice Department is expected to announce this week it is dropping a requirement that Harley-Davidson Inc spend $3 million to reduce air pollution as part of a settlement the Obama administration announced in August, sources briefed on the matter said.

businessNews reuters.com

New York's DiNapoli asks Dimon to back off a proxy reform

BOSTON (Reuters) - JPMorgan Chase & Co CEO Jamie Dimon, who has faced tough shareholder resolutions, is being asked to save them.

sportsNews reuters.com

Motor racing: Formula One appoints Nielsen as sporting director

LONDON (Reuters) - Former Williams team manager Steve Nielsen is joining Formula One as sporting director, reporting to motorsport head Ross Brawn.

businessNews reuters.com

Morgan Stanley chooses Frankfurt as EU hub post Brexit: source

FRANKFURT/LONDON (Reuters) - Morgan Stanley has chosen Frankfurt to be a new base for its European Union operations as Britain prepares to leave the bloc, according to a source familiar with the matter, becoming the latest U.S. bank to pick the German city.

businessNews reuters.com

United Air shares slide on outlook for passenger unit revenue

NEW YORK (Reuters) - Shares of United Continental Holdings Inc fell as much as 5 percent on Wednesday, a day after the airline forecast "disappointing" passenger unit revenue, a closely watched measure, in the third quarter.

businessNews reuters.com

Russia will struggle to turn on Siemens turbines in sanctions-bound Crimea

MOSCOW (Reuters) - Russia outfoxed European Union sanctions by delivering gas turbines made by Germany's Siemens to the annexed Ukrainian region of Crimea. Now for the hard part, switching them on.

businessNews reuters.com

Exclusive: Three sides agree on seven rounds of NAFTA talks - sources

MEXICO CITY/OTTAWA (Reuters) - U.S., Mexican and Canadian trade officials plan to hold seven rounds of talks at three-week intervals in a bid to wrap up the renegotiation of the North American Free Trade Agreement (NAFTA) rapidly, Mexican sources familiar with the situation said.

businessNews reuters.com

Chipotle to reopen Virginia restaurant after norovirus reports

BOSTON (Reuters) - Chipotle Mexican Grill Inc said it will reopen a Virginia restaurant on Wednesday, two days after it was closed due to reports that several customers had fallen ill with suspected norovirus.

businessNews reuters.com

China Minmetals, China National Gold 'unaware' of merger talks

SINGAPORE (Reuters) - China Minmetals Corp and China National Gold Group are unaware of any merger talks between the two companies, their listed units said on Wednesday, after a Reuters report on a possible deal caused a rally in their shares.

businessNews reuters.com

KBW downgrades Goldman, calls it 'show-me' stock

(Reuters) - Keefe Bruyette & Woods raised concerns about Goldman Sachs Group Inc's ability to grow revenue in a tough trading environment and cut its rating on Wednesday, a day after the bank reported a 40 percent slump in bond trading revenue.