(Reuters) - BlackRock Inc , the world's biggest asset manager, reported an 8.6 percent rise in quarterly profit, helped by higher fees. [Source]
SINGAPORE (Reuters) - Amazon.com Inc launched its two-hour delivery service in Singapore on Thursday, marking the e-commerce giant's push into populous Southeast Asia and its first head-on battle with its Chinese rival, Alibaba Group Holding.
LIMA, July 26 (Reuters) - Southern Copper Corp said on Wednesday that its second-quarter net profit rose 35.1 percent from the same period a year earlier amid a double-digit surge in global copper prices.
CALGARY, Alberta, July 26 (Reuters) - Suncor Energy Inc , Canada's second-largest oil and gas producer, reported a second-quarter profit on Wednesday due to stronger crude oil prices and increased production from some upstream assets and refining operations.
SYDNEY (Reuters) - Stocks, bonds and commodities were all on a roll in Asia on Thursday as bulls scented a softening in the Federal Reserve's confidence on inflation that promised to keep U.S. interest rates low for longer.
CALGARY, Alberta, July 26 (Reuters) - Suncor Energy Inc , Canada's second-largest oil and gas producer, reported a second-quarter profit on Wednesday as a result of stronger crude oil prices and increased production from its upstream assets and refining operations.
SEOUL (Reuters) - Samsung Electronics Co Ltd on Thursday said it expected the memory chip boom to continue in the current quarter, after reporting a record operating profit for the three months through June.
(Reuters) - U.S. media company Discovery Communications Inc is in the lead to acquire U.S. cable TV network owner Scripps Networks Interactive Inc, people familiar with the matter said on Wednesday, in a deal likely to top $12 billion.
July 26 (Reuters) - Power development company Invenergy LLC and General Electric Co on Wednesday announced plans to build the largest wind farm in the United States in Oklahoma, part of a $4.5 billion project to provide electricity to 1.1 million utility customers in the region.
NEW YORK (Reuters) - FTSE Russell CEO Mark Makepeace said on Wednesday the index provider plans to exclude Snap Inc from its widely followed stock indexes because of the Snapchat owner's unusual share structure that denies voting rights to investors.
SAN FRANCISCO (Reuters) - Uber's former chief executive, Travis Kalanick, has hired the former top federal prosecutor in San Francisco to represent him ahead of a deposition in a high-profile trade secrets case against Alphabet's Waymo self-driving car unit, the attorney's firm said on Wednesday.
SAN FRANCISCO (Reuters) - Shares in iRobot Corp jumped 23 percent to a record high on Wednesday after the Roomba robotic vacuum maker posted better-than-expected quarterly results and said it was buying its largest European distributor.
WILMINGTON, Del. (Reuters) - Warren Buffett's Berkshire Hathaway Inc will walk away from its $9 billion acquisition of Oncor Electric Delivery Co if the deal is delayed, an attorney for the parent company of Texas' largest utility told a bankruptcy judge on Wednesday.
(Reuters) - Top U.S. weapons makers reported better-than-expected quarterly results and raised their full-year forecasts, buoyed by higher demand for fighter jets and tanks amid heightened security concerns around the world.
July 26 (Reuters) - General Dynamics Corp, the maker of Gulfstream business jets and military equipment, posted higher-than-expected quarterly profits driven by increased sales in the unit that makes tanks, but projected slightly lower aerospace sales.
(Reuters) - Chipotle Mexican Grill Inc said U.S. federal prosecutors served a subpoena, seeking information related to a suspected norovirus outbreak at a restaurant in Sterling, Virginia that it briefly closed last week.
LOS ANGELES (Reuters) - Whole Foods Market Inc , which has agreed to be bought by Amazon.com for $13.7 billion, on Wednesday reported a quarterly profit decline after same-store sales fell for the eighth quarter in a row.
BERLIN (Reuters) - Volkswagen said on Wednesday that cooperation among carmakers on technical matters is a common industry practice but declined comment on allegations that it engaged in anti-competitive behavior with other German automakers.
WASHINGTON (Reuters) - New U.S. single-family home sales increased in June as purchases in the West surged to a near 10-year high, but downward revisions to the sales pace for the prior three months pointed to a housing market that was treading water.
DETROIT, July 26 (Reuters) - Ford Motor Co on Wednesday reported a better-than-expected quarterly net profit due to a lower tax rate and increased U.S. sales of more-profitable pickup trucks, but forecast a slightly lower 2017 pre-tax profit, sending its shares down 2.3 percent.
CHICAGO (Reuters) - Wal-Mart Stores Inc on Wednesday proposed 10 policy actions to boost U.S. manufacturing that the retailer said could help recapture $300 billion of the $650 billion worth of consumer goods that are currently imported.
(Reuters) - U.S. stock indexes were poised to open at record levels on Wednesday following a set of strong quarterly earnings, led by Boeing and AT&T, while investors awaited the outcome of a two-day Federal Reserve meeting.
DETROIT (Reuters) - Ford Motor Co on Wednesday reported a better-than-expected quarterly net profit due to a lower tax rate and increased sales of more profitable pickup trucks in the U.S. market, and the company said that reduced tax rate would boost its full-year profits.
(Reuters) - Hilton Worldwide Holdings Inc , the owner of the Waldorf Astoria hotel chain, reported a higher-than-expected quarterly revenue and profit, as more people booked rooms at higher prices, and raised its 2017 earnings forecast yet again.
SAO PAULO, July 26 (Reuters) - Telefonica Brasil SA , the biggest telecommunications firm in the country, on Wednesday reported a 25 percent rise in second-quarter net income to 873 million reais ($275 million), a securities filing showed.
PARIS (Reuters) - AccorHotels will re-group three of its luxury home-rental divisions under its 'onefinestay' brand, as the French hotelier steps up efforts to counter the challenge of Airbnb and other online booking services.
LONDON (Reuters) - Banks at the heart of EU government borrowing could be forced to move some operations out of London if they want to hold on to that business after Brexit, according to three senior bankers with knowledge of the matter.
SEOUL (Reuters) - Hyundai Motor's bleak results stretched into a 14th straight quarter as political headwinds continued to drag down sales in China, its biggest market, and higher incentives failed to boost business in the United States.
SEOUL, July 26 (Reuters) - Hyundai Motor posted a 51 percent drop in net profit for the April-to-June period, missing analysts' estimates, as political headwinds hit sales in China and U.S. sales decelerated.
WASHINGTON (Reuters) - The Federal Reserve is expected to hold interest rates unchanged on Wednesday and possibly hint that it will start winding down its massive holdings of bonds as soon as September in what would be a vote of confidence in the U.S. economy.
SAN FRANCISCO (Reuters) - Twitter Inc heads toward its quarterly earnings report on Thursday with a stock that has risen more than 40 percent since April when much of Wall Street was ready to write off the tech company.
WASHINGTON (Reuters) - The top U.S. trade negotiator said late on Tuesday that President Donald Trump is determined to challenge China's use of unfair subsidies and "non-economic" industrial policy to build up export industries that are costing American jobs.
(Reuters) - Australia's consumer watchdog said on Wednesday it has started court proceedings against Ford Motor Co's local unit, accusing the company of engaging in misleading or deceptive conduct when responding to customer complaints.
TOKYO (Reuters) - Asian stocks edged up early on Wednesday after Wall Street indexes notched record highs, while the dollar was steady as investors awaited the Federal Reserve's policy decision later in the day for more clues on its tightening plans.
SAO PAULO, July 25 (Reuters) - TIM ParticipaÃ§oes SA , Brazil's second-largest wireless phone company, reported on Tuesday that second-quarter net income nearly tripled from a year earlier to 219 million reais ($69 million), according to a securities filing.
(Reuters) - A U.S. judge on Monday ordered Apple Inc to pay $506 million for infringing on a patent owned by the University of Wisconsin-Madison's patent licensing arm, more than doubling the damages initially imposed on Apple by a jury.
(Reuters) - A Wisconsin vending machine company is offering its employees a chance to have a microchip implanted in their hands that they could use to buy snacks, log in to computers or use the copy machine.
NEW YORK (Reuters) - AT&T Inc's quarterly profit topped Wall Street estimates on Tuesday as the No. 2 U.S. wireless carrier introduced new promotions bundling video with phone service that helped to attract customers.
LOS ANGELES (Reuters) - Chipotle Mexican Grill Inc's profit more than doubled in the latest second quarter, sending shares of the burrito seller up more than 2 percent in after-hours trading on Tuesday.
BOSTON (Reuters) - The brains of 99 percent of former National Football League players studied showed signs of a disease linked to repeated hits to the head that can lead to aggression and dementia, according to research published in a medical journal on Tuesday.
NEW YORK (Reuters) - As Facebook Inc geared up to report second-quarter results on Wednesday, traders in the options market are exhibiting a greater degree of bullishness in more than a year, options data showed.
BERLIN (Reuters) - BMW has suspended talks with Daimler on future cooperation projects after its rival disclosed alleged collusion among German carmakers to cartel authorities, Sueddeutsche Zeitung reported on Tuesday, citing industry sources.
SAN FRANCISCO (Reuters) - Silicon Valley baron Elon Musk insulted rival billionaire Mark Zuckerberg on Tuesday, escalating a tech wizard war of words over whether robots will become smart enough to kill their human creators.
BOSTON (Reuters) - The brains of 99 percent of former National Football League players showed signs of a disease linked to repeated hits to the head that can lead to aggression and dementia, according to research published in a leading medical journal on Tuesday.
PARIS, July 25 (Reuters) - Michelin's operating profit fell in the first half, with the French tyre maker saying on Tuesday it had missed forecasts because analysts had overestimated foreign exchange gains.
WASHINGTON (Reuters) - U.S consumer confidence jumped to a near 16-year high in July amid optimism over the labor market while house prices maintained their upward trend in May, which could boost consumer spending after recent sluggishness.
(Reuters) - An Israeli professor has agreed to pay more than $850,000 to settle U.S. claims he engaged in insider trading in Jerusalem-based Mobileye NV , a maker of sensors and cameras for self-driving vehicles, ahead of its $15.3 billion takeover by Intel Corp .
(Reuters) - HCA Healthcare Inc's profit missed estimates for the second straight quarter, hurt by higher expenses and weaker-than-expected patient volumes, and the hospital operator cut its full-year earnings forecast, sending its shares down 4 percent.
NEW YORK (Reuters) - Strong earnings boosted U.S. stocks on Tuesday, driving the S&P 500 to a record high while also sending a popular options-based gauge of expected price volatility down to a more than 23-year low.
WASHINGTON (Reuters) - The chairman of the U.S. House Energy and Commerce Committee on Tuesday asked the chief executives of Alphabet Inc, Facebook Inc, Amazon.com Inc, AT&T Inc, Verizon Communications Inc and other companies to testify at a Sept. 7 hearing on the future of net neutrality rules.
TOKYO (Reuters) - Toshiba Corp's board will meet on Wednesday to consider offers for its chip unit from Western Digital and Taiwan's Foxconn in addition to a bid from a consortium that was previously favorite, a source familiar with the matter said. Toshiba is scrambling to sell its flash memory unit to cover losses from its bankrupt U.S. nuclear business Westinghouse.
July 25 (Reuters) - United Technologies Corp, maker of Otis Elevators, Pratt & Whitney engines and Carrier air conditioners, on Tuesday reported a 2.7 percent rise in quarterly revenue, helped by higher sales in three of its four business units.
LONDON (Reuters) - Hedge fund Elliott Advisors on Tuesday criticized Akzo Nobel for dismissing its request yesterday for shareholders to add items to the agenda of a Sept. 8 extraordinary general meeting.
LONDON (Reuters) - Asset manager Blackrock and solar energy firm Lightsource have agreed to jointly create a 1 billion pound ($1.3 billion) portfolio of solar power assets in Britain over the next three years, the two companies said on Tuesday.
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.
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.
July 25 (Reuters) - Gold miner Newmont Mining Corp reported a much bigger-than-expected 60 percent jump in quarterly adjusted profit on Tuesday as production improved, more than offsetting losses from lower realized gold prices.
(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.
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.
(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.
July 25 (Reuters) - Eli Lilly and Co on Tuesday reported a 35 percent rise in quarterly profit as the U.S. drugmaker benefited from higher sales of its diabetes treatment Trulicity as well as its psoriasis drug Taltz.
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.
SEOUL (Reuters) - South Korea's LG Display Co Ltd said on Tuesday it will invest 7.8 trillion won ($7 billion) in production facilities to make both large and small organic light-emitting diode (OLED) panels.
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.
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.
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.
(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.
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.
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.
(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.
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.
(Reuters) - Alphabet Inc surpassed expectations for quarterly revenue and earnings on Monday, reporting higher advertising sales across its platforms and trying to move past a record $2.7 billion European Union fine by taking the entire charge at once.
(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.
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.
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.
LOS ANGELES (Reuters) - Jay-Z ruled the Billboard 200 album chart for a second straight week with his confessional album "4:44," while California alt-rock band surged back into the Top 20 after the suicide last week of frontman Chester Bennington.
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.
(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.
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.
MEXICO CITY, July 24 (Reuters) - Mexico's Coca-Cola Femsa , the world's largest Coke bottler, said on Monday its second-quarter net profit rose 11.5 percent, boosted by higher revenue and growth in the company's South American operations.
(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.
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.
July 24 (Reuters) - Halliburton Co reported a quarterly profit compared with a year-ago loss, when the company took a $3.5 billion charge related to the termination of its deal with smaller rival Baker Hughes due to anti-trust hurdles.
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.
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.
(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.
(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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
(The Sports Xchange) - The horse racing world was turned upside-down when Arrogate, rated the top horse in the world and the all-time leading money winner among North American thoroughbreds, suffered one of the biggest upsets in thoroughbred history on Saturday at Del Mar, California.
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.
(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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
(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.
WASHINGTON (Reuters) - The U.S. Transportation Department said on Friday has fined Frontier Airlines, American Airlines and Delta Air Lines for violating the departmentâ€™s airline consumer protection rules.
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.
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.
(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.
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.
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.
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.
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.
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.
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.
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.
(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.
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.
(Reuters) - General Electric Co's profit fell nearly 60 percent in the second quarter, largely due to the sale of its appliances business, but cash flow rose, sales topped expectations and its shares were slightly lower.
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.
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.