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Japan's Mitsubishi, U.S. partner to invest $1.8 billion in data centers: media

TOKYO (Reuters) - Japanese trading house Mitsubishi Corp plans to set up a joint venture with U.S. data center operator Digital Realty Trust and build around 10 data centers in Japan by 2022 for 200 billion yen ($1.8 billion), the Nikkei said on Saturday.

Environmental Protection Agency nytimes.com

The E.P.A.’s Top 10 Toxic Threats, and Industry’s Pushback

The Environmental Protection Agency published a list of potential threats it would evaluate first under a new law. Interest groups are lining up in opposition.

Las Vegas, Nev, Shooting (October, 2017) nytimes.com

10 Minutes. 12 Gunfire Bursts. 30 Videos. Mapping the Las Vegas Massacre.

The shots began at 10:05. Twelve bursts of gunfire later, police broke down Stephen Paddock’s door at the Mandalay Bay. Using forensic analysis, The Times mapped 30 videos that show a vivid picture of what happened that night.

businessNews reuters.com

China says will guide private capital into higher growth areas

BEIJING (Reuters) - China will introduce measures aimed at guiding private investment into areas that have a higher growth potential, a senior official with the state planning agency said on Saturday.

businessNews reuters.com

Japan's Mitsubishi, U.S. partner to invest $1.8 billion in data centres: media

TOKYO (Reuters) - Japanese trading house Mitsubishi Corp plans to set up a joint venture with U.S. data centre operator Digital Realty Trust and build around 10 data centres in Japan by 2022 for 200 billion yen ($1.8 billion), the Nikkei said on Saturday.

businessNews reuters.com

U.S. tax plan hopes lift stocks, dollar strengthens

NEW YORK (Reuters) - World stocks advanced, bond yields rose and the U.S. dollar strengthened on Friday on increased hopes President Donald Trump could make progress on his fiscal plans after the U.S. Senate approved a budget blueprint that paves the way for tax cuts.

businessNews reuters.com

Recent hurricanes take toll on quarterly earnings

SAN FRANCISCO (Reuters) - After raging over the southern United States and Puerto Rico, remnants of hurricanes Harvey, Irma and Maria are now dampening U.S. corporate profits.

businessNews reuters.com

California judge tosses $417 million talc cancer verdict against Johnson & Johnson

(Reuters) - A California judge on Friday threw out a $417 million verdict against Johnson & Johnson in a lawsuit by a woman who claimed she developed ovarian cancer after using its talc-based products like Johnson's Baby Powder for feminine hygiene.

businessNews reuters.com

Tesla raises borrowing capacity for car leases to $1.1 billion

(Reuters) - Tesla Inc said on Friday it has increased its borrowing capacity for a car lease program to $1.1 billion from $600 million.

businessNews reuters.com

GE vows $20 billion asset sales, 'sweeping change' as profit falls

NEW YORK (Reuters) - General Electric Co's new chief executive vowed on Friday to shed more than $20 billion worth of assets and hold executives accountable for failing to deliver profits after what he called "horrible" results in the third quarter.

businessNews reuters.com

Tesla raises borrowing capacity under warehouse agreements to $1.1 billion

(Reuters) - Tesla Inc said on Friday it has increased its borrowing capacity, related to an agreement, to $1.1 billion as the electric car maker spends heavily to fix production bottlenecks of its new Model 3 sedan.

businessNews reuters.com

Snap lays off 18 employees in recruiting division

SAN FRANCISCO (Reuters) - Social media company Snap Inc said on Friday it had laid off 18 people in its recruiting division, an unusual move for a young company with ambitious growth plans and a likely reflection of tough competition from Facebook Inc .

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Wall Street hits record highs; tax plan hopes fuel optimism

NEW YORK (Reuters) - U.S. stocks hit record closing highs on Friday and the S&P 500 posted a sixth week of gains after the U.S. Senate passed a budget resolution, lifting hopes that President Donald Trump's tax-cut plan may move forward.

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Stock market's future in Trump's hands as Federal Reserve chair pick looms

NEW YORK (Reuters) - Investors awaiting the nomination of the next Federal Reserve chair are hoping whoever is nominated pursues the same monetary policy that has supported rising stock prices for the past nine years.

businessNews reuters.com

Nestle CEO praised by Third Point but hedge fund still wants more

LONDON/BOSTON (Reuters) - Nine months into leading the world's biggest packaged food company, Nestle SA Chief Executive Mark Schneider got a tentative thumbs-up from a prominent investor, who praised his early steps on Friday but said there was more work to be done.

businessNews reuters.com

Consumer Reports says Tesla misunderstands 'positive' Model 3 rating

DETROIT (Reuters) - Consumer Reports said on Friday that Tesla Inc had apparently misunderstood the "average" reliability rating the magazine assigned to the electric carmaker's Model 3 sedan this week, calling it generally "positive" for an all-new vehicle.

businessNews reuters.com

Bitcoin soars to record high above $6,000

NEW YORK (Reuters) - Bitcoin surged to a record high of more than $6,000 on Friday, pushing its market capitalization to $100 billion at one point, as investors continued to bet on an asset that has a limited supply and has paved the way for a whole slew of crypto-currencies.

businessNews reuters.com

Wall St gains, progress in Trump's tax plan lifts hopes

(Reuters) - U.S. stocks rose on Friday after the Senate passed a budget resolution, lifting hopes that President Donald Trump's tax-cut plan may move forward.

businessNews reuters.com

Whole Foods says hacking incident resolved

(Reuters) - Amazon.com Inc's Whole Foods Market said on Friday it had replaced affected point-of-sale systems at venues located within some stores where payment card information had been stolen.

businessNews reuters.com

Top oilfield services firms signal fourth-quarter uncertainty

(Reuters) - The world's top two oilfield service firms on Friday warned slower producer spending and weakness in offshore exploration may weigh on current-quarter earnings, but said activity could improve in the longer term as the global crude market comes into balance.

businessNews reuters.com

Airbus sees CSeries jets grabbing major global market share: CEO

MONTREAL (Reuters) - Airbus SE expects to sell "thousands" of Bombardier Inc's new CSeries aircraft, capturing half the global market for smaller single-aisle commercial jets, Chief Executive Tom Enders said on Friday.

businessNews reuters.com

Fed's Mester calls for balance on bank regulation rethink

NEW YORK (Reuters) - Cleveland Federal Reserve Bank President Loretta Mester on Friday laid out a set of guiding principles by which to approach changes to U.S. banking regulations, emphasizing the need to tailor rules to risk, to boost cooperation across borders, and to aim for simplicity but not over-simplification.

businessNews reuters.com

Wall Street up as progress in Trump's tax plan lifts hopes

(Reuters) - U.S. stocks extended gains in early afternoon trading on Friday to scale new highs on hopes that President Donald Trump's tax-cut plan would make further headway after the Senate passed a budget resolution.

businessNews reuters.com

Wells Fargo fires forex bankers, investigates unit: WSJ

(Reuters) - Wells Fargo & Co , the third-largest U.S. bank by assets, has fired four foreign-exchange bankers amid an investigation into that business by both the bank and regulators, the Wall Street Journal reported, citing people familiar with the matter and the bank.

cnn.com

Kelly erroneously claimed Wilson took credit for building funding, video shows

White House chief of staff Gen. John Kelly on Thursday erroneously claimed that Rep. Frederica Wilson, D-Florida, claimed credit for securing "$20 million" in federal funding to build a new FBI field office in Miami in 2015, according to a video of the event posted Friday by the Sun Sentinel.

businessNews reuters.com

Merck to cut 1,800 U.S. sales jobs, add 960 in chronic care

(Reuters) - Drugmaker Merck & Co Inc , moving to a new sales team structure in the United States, plans to cut 1,800 sales positions, while adding 960 jobs to a new chronic care sales force, the company said on Friday.

businessNews reuters.com

Apple hit with trademark lawsuit over iPhone X 'animoji' feature

NEW YORK (Reuters) - A Japanese software company is suing Apple Inc in a U.S. court over the trademark for the term "animoji", alleging the U.S. technology company stole the name to use on a feature of its iPhone X.

businessNews reuters.com

Gillette weakens P&G report after Peltz row

(Reuters) - Procter & Gamble Co disappointed Wall Street with sales on Friday, hurt by continuing weakness in its Gillette business, a week after it claimed to have fought off hedge-fund manager Nelson Peltz's move to muscle onto the board.

businessNews reuters.com

BMW raided in cartel investigation as Daimler claims immunity

MUNICH/BRUSSELS (Reuters) - BMW's headquarters were raided by European Union officials investigating an alleged cartel among German carmakers, it said on Friday, as rival Daimler claimed whistleblower status in an effort to avoid fines.

businessNews reuters.com

Tech, bank stocks lift Wall Street; tax-cut plan back in focus

(Reuters) - Technology and bank stocks lifted Wall Street on Friday and investor optimism received a fresh boost from Washington, where the Trump administration inched a step closer to implementing tax-cut plan.

businessNews reuters.com

Exclusive: PDVSA blocked from using NuStar terminal over unpaid bills

HOUSTON (Reuters) - Venezuela's state-run petroleum firm PDVSA has been barred from using a NuStar Energy oil storage terminal in the Caribbean over $26 million in unpaid bills, according to documents reviewed by Reuters, halting delivery of a cargo to an oil trader.

businessNews reuters.com

Wells Fargo scrutinized by regulator for auto insurance program: NYT

(Reuters) - Wells Fargo & Co engaged in deceptive auto insurance practices, failed to properly manage risks and hasn't set aside enough funds to pay back affected customers, the New York Times reported, citing a confidential report by federal regulators.

businessNews reuters.com

Exclusive: Iberdrola demands change at Siemens Gamesa as problems mount

MADRID (Reuters) - Spanish utility Iberdrola is becoming increasingly concerned about the way German group Siemens is managing the Spanish-based wind power joint venture Siemens Gamesa , two people with knowledge of the matter said.

businessNews reuters.com

Schlumberger, Baker Hughes warn of weak fourth quarter

(Reuters) - The world's top two oilfield services firms warned on Friday of a challenging fourth quarter for the industry, as investment slows due to soft oil prices and energy firms reducing activity on offshore rigs.

businessNews reuters.com

Bank, tech stocks lift Wall Street

(Reuters) - U.S. stocks inched higher on Friday as bank stocks rose and tech stocks recovered, with investor optimism back as Trump administration cleared a hurdle to lower taxes.

businessNews reuters.com

U.S. existing home sales unexpectedly rebound in September

WASHINGTON (Reuters) - U.S. home resales unexpectedly increased in September as the effects of Hurricanes Harvey and Irma began to dissipate, but a persistent dearth of properties for sale continued to weigh on overall activity.

businessNews reuters.com

S&P, Dow open at record highs on tax-cut optimism

(Reuters) - Wall Street opened higher on Friday, with the S&P and the Dow recording new highs, on growth optimism as the Trump administration inched a step closer to implementing its tax-cut plan.

businessNews reuters.com

BMW confirms inspection by EU antitrust officials

MUNICH (Reuters) - German carmaker BMW on Friday confirmed that EU antitrust staff were in Munich this week to search its offices.

businessNews reuters.com

P&G's quarterly sales drag; Peltz still looms in board battle

(Reuters) - Consumer goods giant Procter & Gamble Co , which recently declared victory against hedge-fund manager Nelson Peltz's attempt to muscle his way onto the board, reported tepid sales that missed Wall Street estimates.

businessNews reuters.com

Schlumberger, Baker Hughes warn of North America slowdown

(Reuters) - Schlumberger Ltd and Baker Hughes , the world's top two oilfield services firms, warned on Friday of a slowdown in North America and a challenging year ahead as crude oil prices stay volatile.

businessNews reuters.com

Trump tax reform hopes boost dollar, stocks, bond yields

LONDON (Reuters) - European stocks, the dollar and bond yields climbed on Friday as investors speculated that the "Trumpflation trade" could be back in play, after the U.S. Senate approved a budget blueprint that paves the way for tax cuts.

businessNews reuters.com

Japan's Kobe Steel says violated statutory standards, losing customers

TOKYO (Reuters) - Kobe Steel Ltd sank deeper into crisis on Friday as the embattled company said it had lost some customers to competitors because of widespread data falsification that had extended to its mainstream steel sheet business.

businessNews reuters.com

P&G's profit beats Wall Street on higher sales of beauty, home care

(Reuters) - Consumer goods giant Procter & Gamble Co , which recently declared victory in an historic proxy fight with activist investor Nelson Peltz, reported a better-than-expected quarterly profit on Friday but sales slightly missed Wall Street estimates.

businessNews reuters.com

GE stock drops as profit misses, CEO cuts forecast

(Reuters) - General Electric Co's third-quarter profit missed Wall Street estimates by a wide margin on Friday and the industrial conglomerate slashed its earnings forecast, sending the year's worst-performing Dow stock down another 6 percent.

businessNews reuters.com

Futures up after Senate clears a hurdle to tax cuts

(Reuters) - U.S. stock index futures edged higher on Friday after the Senate cleared a budget blueprint, taking the Trump administration a step closer to fulfilling its promise of lowering taxes to stimulate growth.

businessNews reuters.com

Schlumberger warns of moderating North American activity

(Reuters) - Schlumberger Ltd posted a bigger quarterly profit on Friday as its North American business continues to be helped by strong shale drilling, but the oilfield services giant said that investments in the region was moderating.

businessNews reuters.com

Low pay, no bonus: U.S. retailers struggle with hiring

(Reuters) - U.S. retailers are finding it increasingly difficult to hire employees for stores and for middle and higher management as low pay and a feeling of uncertainty clouds the industry following a spate of bankruptcies and store closures.

businessNews reuters.com

GE's quarterly revenue rises 14.4 percent

(Reuters) - General Electric Co on Friday reported a 14.4 percent rise in revenue, aided by the acquisition of oilfield services provider Baker Hughes , but profit fell in the quarter.

businessNews reuters.com

Former Rio Tinto CFO Elliott resigns from Britain's Takeover Panel

LONDON (Reuters) - Former Rio Tinto chief financial officer Guy Elliott has stepped down from Britain's Takeover Panel following fraud charges brought by the U.S. Securities and Exchange Commission (SEC) related to his time at the miner.

businessNews reuters.com

U.S. tax reform move boosts dollar, stocks, bond yields

LONDON (Reuters) - European stocks, the dollar and bond yields climbed on Friday as investors speculated on the return of the "Trumpflation trade", after the U.S. Senate approved a budget blueprint that paves the way for tax cuts.

businessNews reuters.com

UK business minister travels to Canada for talks on Bombardier deal

LONDON (Reuters) - British Business Secretary Greg Clark will hold talks in Canada on Friday to discuss Airbus SE's plans to buy a majority stake in Bombardier's C-Series jetliner program aimed at helping it avoid high U.S. import tariffs.

businessNews reuters.com

Kobe Steel crisis deepens as plant inspected for breach of industrial law

TOKYO (Reuters) - One of Kobe Steel Ltd's copper plants was being inspected for a possible breach of industrial standards, the government said on Friday, while the company said it was investigating reports it continued shipping products after discovering widespread tampering of product data.

businessNews reuters.com

Australian car manufacturing ends as GM Holden closes plant

SYDNEY (Reuters) - Australia's near 100-year automotive industry ended on Friday as GM Holden Ltd, a unit of U.S. carmaker General Motors Co , closed its plant in South Australia to move manufacturing to cheaper locations.

businessNews reuters.com

Asian shares, dollar gain after U.S. Senate passes budget plan

TOKYO (Reuters) - Asian shares and the dollar gained on Friday after the U.S. Senate approved a budget blueprint for the 2018 fiscal year that will pave the way for Republicans to pursue a tax-cut package without Democratic support.

businessNews reuters.com

In Kuroda's face - researchers find ways to predict central bank changes

TOKYO (Reuters) - For decades, economists have tried to guess central bank policy direction by studying subtle changes in official language -- now, researchers are finding new clues on policy, not in the words of central banker but in their faces.

businessNews reuters.com

Kobe Steel data fabrication continued after misconduct discovered: Nikkei

TOKYO (Reuters) - Data fabrication at Kobe Steel Ltd continued at its aluminum and steel unit after an internal investigation discovered the misconduct, the Nikkei newspaper reported on Friday.

businessNews reuters.com

Asian shares perk up after U.S. Senate passes budget plan

TOKYO (Reuters) - Asian shares shrugged off early sluggishness and gained on Friday, and the dollar rose after the U.S. Senate approved a budget blueprint for the 2018 fiscal year that will pave the way for Republicans to pursue a tax-cut package without Democratic support.

businessNews reuters.com

Ackman urges ADP to consider acquiring Ceridian amid proxy fight

BOSTON (Reuters) - Activist investor William Ackman, currently battling for board seats at Automatic Data Processing Inc , on Thursday said the human resource software company should buy rival Ceridian, in a move that could woo customers with a better product.

businessNews reuters.com

Japan government wants to get actively involved in Kobe Steel issue: trade minister

TOKYO (Reuters) - The Japanese government wants to get actively involved in the issue of Kobe Steel's data fabrications, Hiroshige Seko, the minister of economy, trade and industry, said on Friday.

businessNews reuters.com

Singapore Airlines to finalize $13.8 billion Boeing order next week

SINGAPORE (Reuters) - Singapore Airlines Ltd said on Friday it will finalize an order for 39 Boeing Co aircraft worth $13.8 billion at list prices when Singaporean Prime Minister Lee Hsien Loong visits Washington D.C. next week.

businessNews reuters.com

Exclusive: Tech companies to lobby for immigrant 'Dreamers' to remain in U.S.

SAN FRANCISCO (Reuters) - Nearly two dozen major U.S. companies in technology and other industries are planning to launch a coalition to demand legislation that would allow young, illegal immigrants a path to permanent residency, according to documents seen by Reuters.

businessNews reuters.com

Asian shares edge higher, Fed chief speculation tempers appetite

TOKYO (Reuters) - Asian shares inched slightly higher on Friday, but grappled for firmer leads as speculation about who the next U.S. central bank chief will be kept global investors wary.

businessNews reuters.com

Nissan's inappropriate inspections started at least 20 years ago: NHK

TOKYO (Reuters) - Inappropriate inspection practices at Nissan Motor Co had been going for at least 20 years, Japanese national broadcaster NHK reported on Friday, in a new revelation that could further roil Japan's second-biggest automaker.

businessNews reuters.com

SoftBank's big checks are stalling tech IPOs

LAGUNA BEACH, Calif. (Reuters) - Big cash infusions for startups from an ever-expanding group of financiers, led by SoftBank Group Corp and Middle East sovereign wealth funds, have extinguished hopes that the technology IPO market would bounce back this year.

businessNews reuters.com

PayPal tops profit estimates, lifts target on mobile payments growth

(Reuters) - Sharp growth in mobile payments led PayPal Holdings Inc to report a better-than-expected third-quarter profit on Thursday and lift its guidance for earnings through the rest of the year.

topNews reuters.com

North Korea warns threats a 'big miscalculation' in letter to Australia lawmakers

SYDNEY (Reuters) - North Korea has sent a letter to Australia's parliament, warning it is a nuclear power and will not be cowed by U.S. President Donald Trump's threats to destroy it, according to a copy of the letter published in an Australian newspaper on Friday.

companyNews reuters.com

UPDATE 2-California Dept of Insurance estimates wildfires losses at $1.05 bln

Oct 19 (Reuters) - The California Department of Insurance said on Thursday its preliminary estimate for insured wildfire losses was $1.05 billion, based on claims received by the state's eight largest insurers, adding that it expected the numbers to rise.

businessNews reuters.com

Dow, S&P 500 eke out record highs, turn up after Fed Powell report

NEW YORK (Reuters) - The Dow and S&P 500 eked out record closing highs on Thursday, turning higher at the last minute after a Politico report that Federal Reserve Governor Jerome Powell is the leading candidate for the nominee for Fed chair.

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Mexican auto lobby rejects U.S. NAFTA proposal on rules of origin

MEXICO CITY (Reuters) - The Mexican Auto Industry Association (AMIA) on Thursday rejected U.S. proposals to increase North American content for autos produced in the region and require, under a new NAFTA deal, that half of all content come from the United States.

environmentNews reuters.com

California Dept of Insurance estimates wildfires losses at $1.05 billion

(Reuters) - California Department of Insurance on Thursday said preliminary insurance data estimated the California wildfires losses at $1.05 billion, adding that the numbers are expected to rise.

businessNews reuters.com

PayPal quarterly profit beats on higher mobile transaction volume

(Reuters) - Payment processor PayPal Holdings Inc reported a better-than-expected quarterly profit on Thursday, helped by mobile payments volume that more than doubled.

businessNews reuters.com

S&P 500 ekes out record high, turns higher after Fed Powell report

NEW YORK (Reuters) - The Dow and S&P 500 eked out record closing highs on Thursday, turning higher at the last minute after a Politico report that Federal Reserve Governor Jerome Powell is the leading candidate for the nominee for Fed chair.

businessNews reuters.com

Whirlpool seeks 50 percent duties on LG, Samsung washers in U.S. trade case

WASHINGTON (Reuters) - Whirlpool and GE Appliances asked a U.S. trade panel on Thursday to recommend 50 percent import duties on large residential washing machines to ensure that rivals LG and Samsung follow through on plans to shift washer production to the United States.

businessNews reuters.com

Airbus CSeries deal unlikely to spur quick boost in sales: Air Lease CEO

MONTREAL (Reuters) - Airbus SE's deal with Bombardier boosts confidence in the CSeries jet program but may not spur many new sales until it is finalized and a U.S. trade dispute is resolved, the head of a major aircraft leasing firm said on Thursday.

businessNews reuters.com

Wall Street ends flat; late gains on Fed Powell report

NEW YORK (Reuters) - U.S. stocks closed flat on Thursday, coming back from sharp losses after the open, while Apple fell more than 2 percent to lead a decline in technology shares.

businessNews reuters.com

Paypal third-quarter profit rises 17.6 percent

(Reuters) - Payment processor PayPal Holdings Inc reported a 17.6 percent rise in quarterly profit, helped by higher ecommerce spending.

businessNews reuters.com

Facebook to launch news subscription feature, some big names opt out

(Reuters) - Facebook Inc said on Thursday it has signed up 10 news publishers including the Washington Post and The Economist to take part in a trial that gives its mobile app users access to a limited number of articles a month and then the option to subscribe via the publishers' own websites.

businessNews reuters.com

U.S. auto reliability dented by new technology; electric cars fare better: report

DETROIT (Reuters) - New technology to stream music into dashboards or boost fuel efficiency is making cars less reliable, although electric cars such as the Tesla Model 3 and the Chevrolet Bolt should fare better than many conventional models, Consumer Reports magazine said on Thursday.

businessNews reuters.com

Wall Street pauses after record highs; tech a drag

NEW YORK (Reuters) - U.S. stocks were flat on Thursday, pausing after their recent run of record highs, as technology shares dragged and some earnings disappointed.

businessNews reuters.com

Microsoft expands rural U.S. campaign with Green Bay Packers tie-up

SAN FRANCISCO (Reuters) - Microsoft Corp has teamed up with the National Football League's Green Bay Packers in a $10 million partnership intended to spur tech innovation in Wisconsin, the software company said on Thursday.

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Target CEO says small-format stores twice as productive as traditional

NEW YORK (Reuters) - Sales per square foot at Target Corp's 44 small-format stores are "easily double" that at traditional stores, Target Chief Executive Brian Cornell said on Thursday, after the retailer announced 11 new small-format stores opening this week.

businessNews reuters.com

Apple drags down Wall Street from record highs

(Reuters) - Losses in Apple stalled Wall Street's record run on Thursday as worries over slack demand for iPhone 8 sent its shares down 2.5 percent.

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Tesla's Model 3 gets an 'average' as new tech dents auto reliability: Consumer Reports

DETROIT (Reuters) - Tesla Inc's new Model 3 sedan is likely to have "average" reliability despite production snags because it uses older technology rather than newer innovations that are causing problems for automakers, Consumer Reports magazine said on Thursday.

businessNews reuters.com

U.S. jobless claims hit 44-1/2-year low; mid-Atlantic factories humming

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits dropped to its lowest level in more than 44-1/2 years last week, pointing to a rebound in job growth after a hurricane-related decline in employment in September.

businessNews reuters.com

United Airlines shares tumble as fourth quarter guidance underwhelms

(Reuters) - United Airlines shares fell sharply on Thursday, losing as much as 11.5 percent in midday trading as investors sold the carrier's shares after it released disappointing forecasts for the fourth quarter.

topNews reuters.com

Spain to suspend Catalonia's autonomy in response to independence threat

MADRID/BARCELONA (Reuters) - Spain's central government said on Thursday it would suspend Catalonia's autonomy and impose direct rule after the region's leader threatened to go ahead with a formal declaration of independence if Madrid refused to hold talks.

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GM to settle state ignition claims for $120 million

WASHINGTON (Reuters) - General Motors Co on Thursday agreed to pay $120 million to resolve claims from 49 U.S. states and the District of Columbia over faulty ignition switches, state attorneys general said.

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Apple stalls Wall Street's record run

(Reuters) - Wall Street pulled back from record highs on Thursday with Apple leading a decline in technology stocks and a bunch of weak corporate results adding to the dour mood.

businessNews reuters.com

Stocks retreat from record, U.S. Treasury yields slip

NEW YORK (Reuters) - World stock markets broadly retreated amid investor caution after a flurry of tepid corporate earnings reports from around the globe, stoking demand instead for safer assets like U.S. Treasuries, pushing yields lower.

businessNews reuters.com

Tech leads Wall Street's retreat from record high

(Reuters) - Wall Street fell sharply on Thursday, pulling back from record highs, amid a broad decline that was led by technology stocks and disappointing quarterly reports from major companies.

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Wall Street opens lower as tech stocks slide

(Reuters) - U.S. stocks opened lower on Thursday, a day after scaling record highs, amid a fall in technology stocks led by Apple.

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U.S. jobless claims hit more than 44-year low

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits dropped to its lowest level in more than 44 years last week, pointing to a rebound in job growth after a hurricane-related decline in employment in September.

businessNews reuters.com

Saudi needs Aramco billions as recession slows austerity drive

DUBAI (Reuters) - Saudi Arabia's plans to sell state assets - including a stake in energy giant Saudi Aramco - are becoming even more important to its finances as a recession slows Riyadh's effort to close a budget deficit caused by low oil prices.

businessNews reuters.com

U.S. jobless claims drop to more than 44-year low

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell to its lowest level in more than 44 years last week, pointing to a rebound in job growth after a hurricane-related decline in employment in September.

businessNews reuters.com

Nissan to suspend domestic production of cars for Japan market

TOKYO (Reuters) - Nissan Motor Co Ltd is suspending domestic production of vehicles for the Japanese market for at least two weeks to address misconduct in its inspection procedures that led to a major recall, it said on Thursday.

businessNews reuters.com

Stocks stumble off all-time highs, kiwi takes a dive

LONDON (Reuters) - World stocks set a fresh record high before stalling in Europe on Thursday, as the longest winning streak for Japanese stocks since 1998 and the first close above 23,000 for Wall Street's Dow index helped to offset nerves about Spain.

businessNews reuters.com

Verizon quarterly revenue tops estimates as subscribers rise

NEW YORK (Reuters) - Verizon Communications Inc's quarterly revenue topped Wall Street analyst estimates on Thursday and the company added more phone subscribers than expected, sending shares of the No. 1 U.S. wireless carrier up in pre-market trading.

businessNews reuters.com

Japan carmakers vouch for safety of Kobe Steel's aluminum parts

TOKYO (Reuters) - Four Japanese automakers on Thursday said they found no safety issues with aluminum parts supplied by Kobe Steel Ltd , allaying some concerns that falsified quality data on products from the steelmaker had compromised their vehicles.

businessNews reuters.com

Rosneft's Sechin says no watershed in oil market, U.S. shale oil a risk

VERONA, Italy (Reuters) - A global deal to cut oil output has not led to a breakthrough on high inventory levels, while an expected rise in U.S. shale oil output may destabilize the market in 2018, the head of Russia's Rosneft, Igor Sechin, said on Thursday.

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Verizon quarterly profit meets estimates as subscribers rise

NEW YORK (Reuters) - Verizon Communications Inc's quarterly profit met Wall Street analyst estimates as the No. 1 U.S. wireless carrier added subscribers.

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Futures lower as technology stocks dip

(Reuters) - U.S. stock index futures pointed to a lower start for Wall Street led by a drop in tech stocks Apple and eBay, on a day that marks 30 years since the 1987 Black Monday stock market crash.

businessNews reuters.com

Amazon offered billions in tax breaks for second U.S. headquarters

(Reuters) - U.S. cities are offering Amazon.com Inc at least as much as $7 billion in tax breaks ahead of a Thursday deadline as they compete to house its second headquarters.

topNews reuters.com

Spain to suspend Catalonia's autonomy as it threatens with formal independence

MADRID (Reuters) - Spain's central government said on Thursday it would suspend Catalonia's autonomy and impose direct rule after the region's leader threatened to go ahead with a formal declaration of independence if Madrid refused to hold talks.

businessNews reuters.com

Nissan says to suspend all Japanese car production

YOKOHAMA (Reuters) - Nissan said on Thursday it was suspending all car production in Japan after finding that some final vehicle checks were still being carried out by uncertified inspectors at three of its plants.

The Daily nytimes.com

The Daily: Listen to ‘The Daily’: Big Losses for ISIS

Its de facto capital is falling and its territory is shrinking. But is the Islamic State losing its war, or starting a new one?

businessNews reuters.com

Unilever sales disappoint as competition bites big brands

LONDON (Reuters) - Unilever reported lower-than-expected third-quarter sales, losing market share to smaller competitors and dampening hopes that an aborted takeover offer from Kraft Heinz would spark a swift improvement.

businessNews reuters.com

Novartis to shut U.S. generics plant, cut 450 jobs

ZURICH (Reuters) - Swiss drugmaker Novartis is to cut 450 jobs in the United States over the next two years as it gradually shuts a generics manufacturing plant in Colorado and discontinues some products in the face of intense price pressures.

businessNews reuters.com

Airbus A330neo takes off on maiden flight

TOULOUSE, France (Reuters) - Airbus on Thursday began the maiden flight of its A330neo jetliner, an upgraded version of its profitable A330 line designed to sharpen competition with the latest version of Boeing's 787 Dreamliner.

topNews reuters.com

Spain threatens Catalonia with direct rule from Madrid

MADRID (Reuters) - Spain's central government threatened on Thursday to suspend Catalonia's autonomy after the region's leader said it could go ahead with a formal declaration of independence if Madrid continued its "repression".

businessNews reuters.com

World stocks stumble after all-time high, kiwi takes a dive

LONDON (Reuters) - World stocks set a fresh record high before stalling in Europe on Thursday, as the longest winning streak for Japanese stocks since 1998 and the first close above 23,000 for Wall Street's Dow index helped to offset nerves in Spain.

businessNews reuters.com

Airbus A330neo successfully takes off on maiden flight

TOULOUSE, France (Reuters) - Airbus on Thursday began the maiden flight of its A330neo jetliner, an upgraded version of its profitable A330 family designed to sharpen competition with the Boeing 787 Dreamliner.

businessNews reuters.com

Japan carmakers vouch for safety of some Kobe Steel parts; company future uncertain

TOKYO (Reuters) - Three Japanese automakers on Thursday said they found no safety issues with aluminum parts made by Kobe Steel Ltd, allaying some concerns that falsified quality data on products from the steelmaker had compromised their vehicles.

environmentNews reuters.com

China's bold gas plan may threaten winter power supplies

BEIJING (Reuters) - China has ordered state oil companies to speed up the construction of pipelines to move natural gas to homes and factories, underscoring worries that the country's insufficient infrastructure could cause power outages during the peak winter demand period.

businessNews reuters.com

Nasdaq, SGX in pact to woo firms interested in listing on both boards

(Reuters) - Singapore Exchange Ltd (SGX) and Nasdaq Inc said on Wednesday they were teaming up to woo fast-growing Asian tech firms interested in listing on both their exchanges, as they look to better compete for mid-sized IPOs.

businessNews reuters.com

Nissan Motor says CEO Saikawa to brief on uncertified inspection issue

TOKYO (Reuters) - Nissan Motor Co Ltd said Chief Executive Hiroto Saikawa will hold at news conference 1000 GMT on Thursday to brief on its uncertified inspection scandal.

businessNews reuters.com

Nestle accelerates restructuring as sales growth stays tepid

ZURICH (Reuters) - Nestle said it expected its operating margin to slip by 40 to 60 basis points in 2017 due to higher restructuring costs from a faster overhaul and said full-year organic sales growth should be in line with the 2.6 percent seen in the first nine months.

businessNews reuters.com

China biotech's 'coming out party' masks long road ahead

LONDON/SHANGHAI (Reuters) - Investors are betting on China's potential to feed the global pharmaceutical pipeline, putting a multi-billion-dollar price tag on a handful of stocks, even as the country struggles to close a huge R&D gap with the West.

businessNews reuters.com

Toyota, other Japanese carmakers say hoods containing Kobe Steel aluminum are safe

TOKYO (Reuters) - Three Japanese automakers on Thursday confirmed the safety of aluminum components made by Kobe Steel Ltd, allaying some concerns that Kobe's falsified quality data had compromised the safety of the products.

businessNews reuters.com

Australia's Westpac to refund 200,000 customers for missed benefits

(Reuters) - Australia's Westpac Banking Corp said on Thursday it will pay refunds to about 200,000 customers who should have received cash benefits, as the country's lenders seek to ease concerns about their governance after a series of scandals.

businessNews reuters.com

Could the 1987 stock market crash happen again?

NEW YORK (Reuters) - On the 30th anniversary of the 1987 stock market crash, U.S. stocks are at a record high and investors are concerned that steep valuations may mean a correction is overdue, despite healthy corporate earnings and economic growth.

businessNews reuters.com

Thirty years ago this week, Wall Street slid into the abyss

NEW YORK (Reuters) - Thirty years ago, before heading to work at the New York Stock Exchange, Peter Kenny left his home in lower Manhattan and made a detour to the nearby Our Lady of Victory church to pray to St. Jude, the Roman Catholic patron saint of desperate and lost causes.

businessNews reuters.com

Nestle expects 2017 margin to decline on higher restructuring costs

ZURICH (Reuters) - Food group Nestle said it expected its operating margin to slip by 40 to 60 basis points in 2017 due to higher restructuring costs and said full-year organic sales growth should be in line with the 2.6 percent seen in the first nine months. Its underlying margin was set to improve.

businessNews reuters.com

Asia stocks shed gains after data shows slower China growth

TOKYO (Reuters) - Asian stocks shed early gains on Thursday, pulling back from decade highs, with Chinese equities leading the way lower after data showed growth in the world's second largest economy slowed slightly in the third quarter.

businessNews reuters.com

Toshiba probed by Japan securities watchdog over results filing: source

TOKYO (Reuters) - Japan's securities watchdog is investigating Toshiba Corp's accounting in its latest earnings statement to see if it properly handled losses incurred by its U.S. nuclear unit, a source with knowledge of the matter said on Thursday.

businessNews reuters.com

Japan transport ministry considering checks of cars, trains using Kobe Steel products: Kyodo

TOKYO (Reuters) - Japan's transport ministry is considering convening a meeting to probe the safety of automobiles, trains and planes using products from scandal-hit Kobe Steel Ltd, Kyodo reported on Thursday.

businessNews reuters.com

Toshiba investigated by Japan's securities watchdog: source

TOKYO (Reuters) - Japan's securities watchdog is investigating Toshiba Corp's accounting practices for the last business year to see if it properly handled the losses incurred by its U.S. nuclear unit Westinghouse, a source familiar with the matter told Reuters.

cnn.com

Video showed driver being beaten at traffic stop; officer fired

A police officer in a Cleveland suburb seen on video repeatedly punching a black motorist during a traffic stop in August has been fired.

businessNews reuters.com

Asia stocks approach 10-year peak, unfazed by China GDP, dollar rises

TOKYO (Reuters) - Asian stocks rose to near decade highs on Thursday, continuing to ride on a global equities rally, while the dollar resumed its rise on the back of a spike in U.S. yields.

businessNews reuters.com

Asia stocks edge up, await China GDP, dollar rises as yields spike

TOKYO (Reuters) - Asian stocks inched up to near decade highs on Thursday, continuing to ride on a global equities rally, while the dollar resumed its rise on the back of a spike in U.S. yields.

businessNews reuters.com

U.S. diesel margins to drive refiner profits for third quarter and beyond

NEW YORK (Reuters) - U.S. refiners are set to blow past quarterly earnings expectations after margins surged to a two-year peak on the back of a crippling hurricane season that squeezed already tight gasoline and diesel supplies.

businessNews reuters.com

Dow ends above 23,000 for first time; IBM jumps

NEW YORK (Reuters) - The Dow Jones Industrial Average closed above 23,000 for the first time on Wednesday, driven by a jump in IBM after it hinted at a return to revenue growth.

businessNews reuters.com

ADP is already making changes Ackman wants: CEO

NEW YORK (Reuters) - Automatic Data Processing Inc is already making many of the changes activist shareholder William Ackman is advocating, but it will take time to see results, Chief Executive Officer Carlos Rodriguez said in an interview on Wednesday.

businessNews reuters.com

Exclusive: Baupost's Klarman resists calls to wipe out Puerto Rico debt

BOSTON (Reuters) - Billionaire investor Seth Klarman on Wednesday resisted calls for Puerto Rico's debt to be wiped out and said the island's residents will be better off in the long run if obligations are honored.

businessNews reuters.com

Kenneth Chenault to step down as AmEx CEO after nearly 17 years

(Reuters) - American Express Co said its chairman and chief executive Kenneth Chenault would step down early next year, ending a nearly 17-year tenure at the helm of the No. 1 U.S. card issuer by spending.

Virtual Reality (Computers) nytimes.com

Tech We’re Using: Pioneering Virtual Reality and New Video Technologies in Journalism

Marcelle Hopkins, deputy video editor and co-director of virtual reality, traces The Times’s push into V.R. and other visual technologies.

businessNews reuters.com

EBay's profit forecast disappoints, shares fall

(Reuters) - EBay Inc warned Wall Street on Wednesday that profit this quarter could fall below analysts' estimates as it invests in marketing and a revamped website to attract more shoppers, sending shares down more than 5 percent in after-hours trade.

businessNews reuters.com

Rail operator CSX reduces locomotives in maintenance program

(Reuters) - CSX Corp , the No. 3 U.S. railroad operator, will slash the number of locomotives served by a long-term maintenance agreement, a move that cuts service bills under the agreement by some $3.3 billion, company filings showed on Wednesday.

businessNews reuters.com

United Airlines profit falls, sees margin decline this quarter

(Reuters) - United Airlines on Wednesday said its third-quarter net income fell slightly less than investors had feared as the third-largest U.S. carrier was hit by $185 million in pre-tax losses caused by canceled flights during the Atlantic hurricane season.

businessNews reuters.com

Blue Apron cuts 6 percent of its workforce

(Reuters) - Meal-kit delivery company Blue Apron Holdings Inc said on Wednesday it had cut about 6 percent of its total workforce.

businessNews reuters.com

Kenneth Chenault to step down as AmEx CEO next year

(Reuters) - American Express Co said Kenneth Chenault will step down as chief executive early next year, ending a nearly 17-year tenure at the helm of the No.1 U.S. card issuer by spending.

businessNews reuters.com

Dow closes above 23,000 for first time; IBM soars

NEW YORK (Reuters) - The Dow Jones Industrial Average closed above 23,000 for the first time on Wednesday, driven by a jump in IBM after it hinted at a return to revenue growth.

businessNews reuters.com

EBay's adjusted profit forecast disappoints, shares fall

(Reuters) - EBay Inc forecast current-quarter adjusted profit that was largely below analysts' estimates as the company continues to ramp up spending to tweak its e-commerce platforms.

businessNews reuters.com

Dow closes above 23,000 for first time; IBM jumps

NEW YORK (Reuters) - The Dow Jones industrial average closed above the 23,000 level for the first time on Wednesday, driven by a jump in IBM after the computing giant hinted at a return to revenue growth.

businessNews reuters.com

Stephen Squeri to replace Kenneth Chenault as new AmEX CEO

(Reuters) - Credit card issuer American Express Co said on Wednesday long-time Chief Executive Kenneth Chenault will step down and will be replaced by Stephen Squeri.

businessNews reuters.com

United Airlines third-quarter profit falls, hurt by storms

(Reuters) - United Airlines on Wednesday said its third-quarter net income fell by a third to $669 million from the year-ago period, partly due to $185 million in pretax losses caused by canceled flights during the Atlantic hurricane season.

worldNews reuters.com

Syrian militant group releases video of leader apparently uninjured

BEIRUT (Reuters) - Two weeks after Russia said it had critically injured the leader of the Tahrir al-Sham militant group in Syria, an undated video was published on Wednesday, purporting to show its leader Abu Mohamad al-Golani, apparently in good health.

businessNews reuters.com

Ford to recall 1.34 million trucks in North America for door latch fix

WASHINGTON (Reuters) - Ford Motor Co said on Wednesday it would recall 1.34 million 2015-17 Ford F-150 and 2017 Ford Super Duty trucks in North America to add water shields to side door latches at a cost of $267 million.

businessNews reuters.com

Dow trades above 23,000-mark as IBM's stock jumps

NEW YORK (Reuters) - The Dow Jones industrial average rose again above the 23,000 level on Wednesday, driven by a jump in IBM after the computing giant hinted at a return to revenue growth.

businessNews reuters.com

Viacom, Charter deal to include eight networks in basic package: source

(Reuters) - Viacom Inc and Charter Communications Inc have agreed to a distribution deal that puts eight of Viacom's most popular networks in Charter's cheapest U.S. cable bundle, a source told Reuters on Wednesday.

businessNews reuters.com

Dow stays above 23,000-mark on IBM surge

(Reuters) - The Dow Jones Industrial Average rallied above the 23,000-mark on Wednesday, propelled by IBM's 9 percent surge after the computing giant hinted a return to revenue growth.

companyNews reuters.com

BRIEF-Brazilian antitrust authority approves AT&T acquisition of Time Warner

* Brazilian antitrust authority approves AT&T acquisition of Time Warner

businessNews reuters.com

Viacom, Charter agree to network deal for basic package: source

(Reuters) - Viacom Inc and Charter Communications have agreed to a deal that would see eight of Viacom's networks included in the least expensive package of Charter's Spectrum cable service, a source told Reuters on Wednesday.

businessNews reuters.com

UPS CEO says updated NAFTA better for economy than no trade treaty

DETROIT (Reuters) - The top executive of United Parcel Service Inc said on Wednesday he is optimistic the U.S., Canadian and Mexican governments can successfully renegotiate NAFTA, and said not having a free trade agreement in place would not be good for the three countries' economies.

businessNews reuters.com

Native American tribe holding patents sues Amazon and Microsoft

(Reuters) - A Native American tribe sued Amazon.com Inc and Microsoft Corp in federal court in Virginia on Wednesday for infringing supercomputer patents it is holding for a technology firm.

businessNews reuters.com

Ford to recall about 1.3 million trucks in North America for door latch fix

WASHINGTON (Reuters) - Ford Motor Co said on Wednesday it would recall about 1.3 million 2015-17 Ford F-150 and 2017 Ford Super Duty trucks in North America to add water shields to side door latches at a cost of $267 million.

businessNews reuters.com

Dow hovers above 23,000, boosted by IBM

(Reuters) - The Dow Jones Industrial Average stayed above the 23,000-mark in late morning trading on Wednesday with solid support from IBM, which reported strong earnings.

businessNews reuters.com

U.S. housing starts hit one-year low; building permits tumble

WASHINGTON (Reuters) - U.S. homebuilding fell to a one-year low in September as Hurricanes Harvey and Irma disrupted the construction of single-family homes in the South, suggesting housing probably remained a drag on economic growth in the third quarter.

businessNews reuters.com

Nasdaq, Singapore Exchange sign pact for collaborative listings

(Reuters) - Singapore Exchange Ltd and Nasdaq Inc announced a pact on Wednesday that will allow firms to tap the capital markets possibly simultaneously under the two exchange operators' namesake exchanges.

companyNews reuters.com

Goldman's fledgling consumer bank draws questions from curious analysts

Oct 18 (Reuters) - As Goldman Sachs Group Inc has unveiled more details about its strategy and financial targets to satisfy investor demands, Wall Street's attention has turned to a business so small and new that there may not be much to disclose.

businessNews reuters.com

Dow opens above 23,000, powered by IBM

(Reuters) - The Dow Jones Industrial Average opened above 23,000 for the first time on Wednesday, powered by IBM, which hinted at a revival in its growth after six years in retreat.

businessNews reuters.com

Dow opens above 23,000 on strong IBM results

(Reuters) - The Dow Jones Industrial Average opened above 23,000 for the first time on Wednesday following strong quarterly results from IBM.

businessNews reuters.com

U.S. housing starts hit one-year low in September

WASHINGTON (Reuters) - U.S. homebuilding fell to a one-year low in September as Hurricanes Harvey and Irma disrupted the construction of single-family homes in the South, suggesting housing probably remained a drag on economic growth in the third quarter.

businessNews reuters.com

Ford to recall about 1.3 million vehicles in North America

The No.2 U.S. automaker said the safety recall is due to frozen door latch or a bent or kinked actuation cable in the affected vehicles, that may result in a door not opening or closing.

businessNews reuters.com

Global stocks stay buoyant as monetary policy focus builds

MILAN (Reuters) - World stocks stayed near all-time peaks and the dollar extended a winning streak on Wednesday as the focus on upcoming changes to monetary policies in the U.S. and the euro zone grew.

businessNews reuters.com

U.S. housing starts fall to one-year low

WASHINGTON (Reuters) - U.S. homebuilding fell to a one-year low in September as Hurricanes Harvey and Irma disrupted the construction of single-family homes in the South, suggesting that housing probably remained a drag on economic growth in the third quarter.

businessNews reuters.com

U.S. bankers hold onto hopes that Trump will boost profits

NEW YORK (Reuters) - Top U.S. bankers are still hoping the President Trump's administration will make policy changes to boost profits, but made clear in public comments in recent days that they are not seeing any signs of progress so far.

technologyNews reuters.com

Big Blue back on the attack, analysts cautious

(Reuters) - IBM shares surged 5 percent on Wednesday after the world's first big computing company beat expectations on third-quarter revenue and gave an outlook that hinted it was back on a growth track after six years in retreat.

businessNews reuters.com

Europe's aviation agency advises against using Kobe Steel products

PARIS/TOKYO (Reuters) - Europe's aviation regulator has advised aircraft manufacturers to stop using parts supplied by Kobe Steel until their safety can be verified, following product data manipulation by the Japanese company.

businessNews reuters.com

Dow set to open above 23,000 for the first time

(Reuters) - The Dow Jones Industrial Average was poised to open above 23,000 for the first time on Wednesday following a series of upbeat earnings reports from marquee companies.

environmentNews reuters.com

BP eyes smaller renewable investments to avoid repeating losses

LONDON (Reuters) - BP is focusing on smaller investments in renewable energy to avoid large losses in the sector like those it suffered earlier in the decade, Chief Executive Bob Dudley said on Wednesday.

companyNews reuters.com

BRIEF-EMC Insurance Group Inc. announces estimate for third quarter catastrophe and storm losses

* EMC Insurance Group Inc. announces estimate for third quarter catastrophe and storm losses, and third quarter earnings call and access information

businessNews reuters.com

Danone board to meet Wednesday over management issues: source

PARIS (Reuters) - Danone's board will meet on Wednesday afternoon to discuss senior management issues, said a source close to the matter who declined to give further details, amid media reports that its chairman will stand down.

businessNews reuters.com

Taiwan ministry expresses 'deep concern' about Qualcomm's antitrust fine

TAIPEI (Reuters) - Taiwan's economics ministry said it is "deeply concerned" about the antitrust agency imposing a $775 million fine on Qualcomm Inc , in a rare public display of disagreement between authorities.

businessNews reuters.com

World markets steady as China congress starts and monetary policy gets back in focus

MILAN (Reuters) - World stocks stayed near peaks and currencies moved in tight ranges on Wednesday as China's Communist Party conference opened and the focus in Europe turned to speeches from top euro zone central bankers before next week's key policy meeting.

businessNews reuters.com

Kobe Steel to hold bidding for real estate unit on Friday: Bloomberg

TOKYO (Reuters) - Japanese steelmaker Kobe Steel Ltd , embroiled in a data falsification scandal that has roiled global supply chains, will hold a first round of bidding on Friday in the planned sale of a real estate unit, Bloomberg News reported on Wednesday.

businessNews reuters.com

Mitsubishi Motors checking how Kobe Steel parts affected by false data

TOKYO (Reuters) - Mitsubishi Motors Corp is investigating how components from suppliers containing Kobe Steel Ltd parts have been affected by the steelmaker's falsified data on product quality, the chief executive of the carmaker said on Wednesday.

businessNews reuters.com

McDonald's South Korea office raided in burger probe: reports

SEOUL (Reuters) - South Korean investigators raided the Seoul office of McDonald's Corp on Wednesday, following a series of complaints that children fell ill after eating hamburger patties alleged to have been undercooked, Yonhap News Agency and other media said.

businessNews reuters.com

'Love for country' behind move to Ryanair, says Malaysia Airlines' CEO

KUALA LUMPUR (Reuters) - Malaysia Airlines' outgoing chief executive Peter Bellew said on Wednesday his decision to leave the airline for Ryanair was due to a sense of responsibility to his native country.

businessNews reuters.com

Top Credit Suisse investor says activist plan needs be looked into: FT

ZURICH (Reuters) - Credit Suisse's largest shareholder wants the bank's management to consider parts of the break-up plan proposed by an activist investor, including shifting the group's investment banking unit to the United States from Switzerland, the Financial Times reported on Wednesday.

businessNews reuters.com

Mitsubishi Motors aims to move on from scandal with 30 percent sales-boost goal

TOKYO (Reuters) - Mitsubishi Motors Corp plans to boost sales volume and revenue by 30 percent in three years and spend more on research and development (R&D), as the automaker expands in the United States and China and moves on from a mileage cheating scandal.

businessNews reuters.com

Asia shares camp near peaks, China's Xi talks reform and stability

SYDNEY (Reuters) - Asian shares consolidated recent gains and currencies kept to tight ranges on Wednesday as the opening of China's Communist Party conference produced more in the way of aspirational politics than concrete policies.

businessNews reuters.com

Silent Partners: The bankrollers behind the rush of Australia shareholder lawsuits

SYDNEY (Reuters) - After Australian internet company Vocus Telecommunications Ltd gave its second profit warning in seven months, fund manager David Pace received an email from a law firm asking him to join a shareholder class action.

businessNews reuters.com

Mitsubishi Motors eyes 30 percent rise in vehicle sales in three years

TOKYO (Reuters) - Mitsubishi Motors Corp on Wednesday said it planned to boost revenue and annual car sales by 30 percent in the next three years and crank up R&D investment as the Japanese automaker expands its presence in Asia, the U.S. and China while it draws a line under last year's mileage cheating scandal.

businessNews reuters.com

Australia's Crown hit by accusations of poker machine-fixing, shares tumble

SYDNEY (Reuters) - Australia's Crown Resorts Ltd was hit by allegations of tampering with poker machines on Wednesday when a lawmaker tabled a video of whistleblowers in parliament, sending shares in the casino firm sliding.

topNews reuters.com

Hillary Clinton says U.S. threats of war with North Korea 'dangerous, short-sighted'

SEOUL (Reuters) - Former U.S. presidential candidate Hillary Clinton said on Wednesday that "cavalier" threats to start war on the Korean peninsula are "dangerous and short-sighted", urging the United States to get all parties to the negotiating table.

businessNews reuters.com

Asia shares camp near peaks, markets ponder Xi's speech

SYDNEY (Reuters) - Asian shares consolidated recent gains and currencies kept to tight ranges on Wednesday as investors waited to see what policies might emerge from China's Communist Party conference.

politicsNews reuters.com

Hillary Clinton says threats to start war with North Korea 'dangerous, short-sighted'

SEOUL (Reuters) - Former U.S. presidential candidate Hillary Clinton said on Wednesday that "cavalier" threats to start war on the Korean peninsula are "dangerous and short-sighted", urging the United States to get all parties to the negotiating table.

businessNews reuters.com

Nissan used uncertified inspectors even after misconduct found: sources

TOKYO (Reuters) - Nissan Motor Co had conducted uncertified vehicle checks as recently as last week even after revealing the widespread misconduct at its domestic factories, two sources with direct knowledge of the matter said on Wednesday.

cnn.com

Pruitt threatens to cut scientists from EPA advisory roles

Environmental Protection Agency Administrator Scott Pruitt says scientists who sit on EPA advisory boards and committees who have also received federal grants for studies could be cut from their roles as soon as next week, citing a lack of objectivity in their research.

businessNews reuters.com

Ackman, ADP board nominees to discuss plans for company Thursday

(Reuters) - Activist investor William Ackman's dissident director candidates for board seats at Automatic Data Processing Inc will answer questions about their plans for the company on Thursday ahead of November's proxy vote.

businessNews reuters.com

Amazon Studios chief resigns after harassment allegations

(Reuters) - Amazon Studios chief Roy Price has resigned, a company spokeswoman said on Tuesday, following allegations that he harassed a producer and took no action when an actress told him she was sexually assaulted by producer Harvey Weinstein.

businessNews reuters.com

Asia shares sit on gains, await word from China's Xi

SYDNEY (Reuters) - Asian shares consolidated recent gains and currencies kept to tight ranges on Wednesday as investors waited to see what policies might emerge from China's Communist Party conference.

businessNews reuters.com

NAFTA negotiators trade barbs, indicate wide differences

WASHINGTON (Reuters) - The top U.S. and Canadian and trade officials on Tuesday accused each other of sabotaging efforts to renegotiate the North American Free Trade Agreement, even as they and Mexico agreed to extend talks into the first quarter of 2018.

businessNews reuters.com

U.S. SEC charges Rio Tinto, former top executives with fraud

NEW YORK (Reuters) - The U.S. Securities and Exchange Commission on Tuesday charged mining company Rio Tinto Plc and two of its former top executives with fraud, saying they inflated the value of coal assets in Mozambique acquired for $3.7 billion and sold a few years later for $50 million.

businessNews reuters.com

IBM beats revenue estimates; hints at sales growth

(Reuters) - International Business Machines Corp's shift to newer businesses such as cloud and security services helped it beat analysts' quarterly revenue estimates, and the technology major hinted at sales growth after nearly six years of declines.

businessNews reuters.com

Boeing says Bombardier CSeries jets may face hefty duties despite Airbus deal

MONTREAL/TOULOUSE, France (Reuters) - Boeing Co said on Tuesday that Bombardier Inc's CSeries jets could still be hit with high U.S. import duties, even if they are assembled in Alabama through an industry-changing deal with Airbus.

businessNews reuters.com

SEC charges Rio Tinto, former top executives with fraud

NEW YORK (Reuters) - The U.S. Securities and Exchange Commission on Tuesday charged mining company Rio Tinto Plc and two of its former top executives with fraud, saying they inflated the value of coal assets in Mozambique acquired for $3.7 billion and sold a few years later for $50 million.

businessNews reuters.com

Dow pierces 23,000 but ends below milestone

NEW YORK (Reuters) - The Dow Jones Industrial Average briefly broke above the 23,000-point mark for the first time on Tuesday, driven by strong earnings from UnitedHealth and Johnson & Johnson, but finished the session just below that milestone.

News and News Media nytimes.com

Editorial: With a Journalist’s Murder in Malta, a Global Threat Grows

Powerful and corrupt leaders throughout the world have endangered forceful reporters like Daphne Caruana Galizia.

entertainmentNews reuters.com

YouTube debuts comedy video series in virtual reality push

(Reuters) - YouTube virtual reality video series "The Confessional" debuted on Tuesday, featuring comedians Trevor Noah, Judd Apatow and Howie Mandel, as parent company Google races Facebook Inc to attract viewers to the new medium.