DETROIT (Reuters) - A U.S.-based Volkswagen AG executive who oversaw emissions issues was sentenced to seven years in prison and fined $400,000 by a judge on Wednesday for his role in a diesel emissions scandal that has cost the German automaker as much as $30 billion. [Source]
(Reuters) - Wall Street stocks were higher on Tuesday afternoon with the biggest boost from the financial sectors as investors bet on strong economic growth a day ahead of the U.S. Federal Reserve's widely-expected hike in interest rates.
HOUSTON (Reuters) - Oil prices fell sharply on Tuesday, as traders took profits after prices surged early to a two-year high on an unplanned closure of the pipeline that carries the largest North Sea crude oil grade.
WASHINGTON (Reuters) - The Trump administration met with major airlines on Tuesday to discuss complaints that some Gulf states are unfairly subsidizing state-owned carriers, keeping up pressure on the Middle East airlines at the center of a spat with U.S. rivals.
LONDON/ZURICH (Reuters) - One of the three board members of the Swiss foundation that conducted the online fundraiser for the embattled Tezos cryptocurrency tech project has resigned, Reuters has learned.
(Reuters) - The S&P and the Dow hit record levels in early afternoon trading on Tuesday as Boeing rose and bank stocks gained ahead of a near certain move by the Federal Reserve to raise interest rate.
BRUSSELS (Reuters) - British airlines will lose all flying rights to the European Union if there is no transition agreement after Brexit, the EU executive said on Tuesday, a stark reminder of the risks facing the aviation sector if there is no deal.
NEW YORK (Reuters) - Major U.S. and European stock indexes advanced on Tuesday, ahead of a meeting of U.S. Federal Reserve policymakers, while oil prices reached $65 per barrel earlier in the day for the first time since mid-2015.
STOCKHOLM (Reuters) - Swedish truckmaker Scania said on Tuesday it had filed an appeal against a decision by the European Commission to fine it 880 million euros ($1 billion) for taking part in a price fixing cartel.
(Reuters) - The S&P 500 and the Dow advanced in late morning trade on Tuesday as Boeing's shares hit a record and bank stocks rose ahead of a near certain move by the Federal Reserve to raise interest rate.
SYDNEY/MELBOURNE/PARIS (Reuters) - Europe's biggest property firm Unibail-Rodamco is to buy U.S. and UK mall operator Westfield Corp for $16 billion, a defensive move to create a global leader in a sector grappling with the online shopping challenge led by Amazon .
(Reuters) - The Dow Jones Industrial Average edged higher on Tuesday, with a 3 percent jump in shares of Boeing and rise in financial stocks, while losses in technology stocks weighed on the S&P 500 and the Nasdaq.
(Reuters) - The Dow Jones Industrial Average opened higher as energy stocks gained and shares of Boeing touched a record high, while the S&P and the Nasdaq opened flat ahead of the Federal Reserve's policy meeting.
BRUSSELS, Dec 12 (Reuters) - The European Commission said on Tuesday it had renewed for five years the licence for the weed-killer glyphosate, a key ingredient in Monsanto Co's top-selling Roundup, following a heated debate over whether it causes cancer.
SYDNEY/MELBOURNE (Reuters) - Unibail-Rodamco, Europe's biggest property group, has agreed to buy shopping mall owner Westfield Corp for $16 billion, marking the biggest takeover of an Australian company and a shift in global retail property to counter online shopping.
HAMBURG/BERLIN (Reuters) - Germany's KBA automotive watchdog on Tuesday announced a recall of Volkswagen's flagship European sport-utility vehicles (SUV) with 3-litre diesel engines after detecting two illicit emissions control devices in the models.
(Reuters) - U.S. stocks were set to open flat on Tuesday ahead of a two-day meeting of the Federal Reserve that is widely expected to bump up the benchmark interest rate for the third time in a year as it continues to unwind its post-crisis stimulus.
HAMBURG (Reuters) - Germany's KBA automotive watchdog said it has ordered Volkswagen to recall 57,600 diesel models of its Touareg sport-utility vehicle (SUV) after detecting two illicit emission-control devices in tests.
SEATTLE (Reuters) - PepsiCo Inc has reserved 100 of Tesla Inc's new electric Semi trucks, the largest-known order of the big rig, as the maker of Mountain Dew soda and Doritos chips seeks to reduce fuel costs and fleet emissions, a company executive said on Tuesday.
WASHINGTON (Reuters) - President Donald Trump's campaign to shrink the "bloated federal bureaucracy" so far has made a small dent in the federal workforce, and that largely because of a decline in civilian defense jobs.
PARIS (Reuters) - Sanofi still needs to convince markets it can deliver on an exciting and sustainable growth path as it contends with fresh difficulties in its vaccines arm and looks set for another gloomy year in diabetes, investors told Reuters.
BERLIN (Reuters) - German pilots' union Vereinigung Cockpit said strike action at Ryanair was possible in Germany, as of now, as staff join pilots in other countries in pushing for better conditions at the Irish budget carrier.
NEW YORK (Reuters) - Five years after a gunman killed 20 children and six adults at a Connecticut elementary school, advocates who are disappointed with the failure of efforts to limit access to firearms are changing their strategy.
SEOUL (Reuters) - The Seoul-based operator of the world's busiest virtual currency exchange Bithumb said on Tuesday it will fully comply with potential regulations from the South Korean government and adequately capitalize itself to protect its clients.
LONDON (Reuters) - Oil prices jumped on Tuesday after the shutdown of a North Sea pipeline knocked out significant supply from an already tightening market, while world stocks took a break from a three-day rally.
JOHANNESBURG/ FRANKFURT (Reuters) - South Africa's Steinhoff is considering selling stakes worth a combined $1.4 billion in local companies PSG Group and KAP Industrial to help plug a liquidity gap at the retailer, two sources familiar with the matter said.
INGOLSTADT, Germany (Reuters) - Germany's Audi has abandoned plans to sell its Italian motorcycle brand Ducati, its chief executive Rupert Stadler said, in a sign of confidence that the carmaker expects to be able to carry the costs of its transformation.
SINGAPORE (Reuters) - Virtual currency bitcoin dipped slightly from the previous session's record highs on Tuesday, after a month of whirlwind and volatile gains leading up to the launch of bitcoin futures on the weekend.
PARIS (Reuters) - French insurer AXA announced on Tuesday it would quadruple its investments in environmentally-friendly projects by 2020 to 9 billion euros ($10.60 billion) and disinvest further from the coal industry.
SINGAPORE (Reuters) - Brent oil prices jumped by 1 percent on Tuesday to their highest since mid-2015, after the shutdown of the Forties North Sea pipeline knocked out significant supply from a market already tightening due to OPEC-led production cuts.
SINGAPORE (Reuters) - Singapore launched on Tuesday its first large-scale electric car-sharing program through which the land-scarce city-state hopes to provide commuters with more transport options and steer them away from the need to buy their own cars.
SYDNEY/MELBOURNE (Reuters) - France's Unibail-Rodamco has agreed to buy shopping mall owner Westfield Corp for $24.7 billion including debt, in what would be the biggest takeover of an Australian company on record.
CHICAGO, Dec 11 (Reuters) - U.S. agricultural cooperatives are building new soybean crushing plants at the fastest rate in two decades as farmers in the world's top producer prepare to sow another record area with soy.
SYDNEY (Reuters) - Asian shares took a small step back on Tuesday after three straight sessions of gains, with markets consolidating in the hope an upswing in global growth could outlast a likely hike in U.S. borrowing costs this week.
TOKYO (Reuters) - Japan's greenhouse gas emissions fell 0.2 percent to a six-year low in the financial year that ended last March, government figures showed on Tuesday, amid growing use of renewable energy and the gradual return of nuclear power.
SINGAPORE (Reuters) - Brent crude oil prices jumped above $65 per barrel for the first time since 2015 after the shutdown of the Forties North Sea pipeline knocked out significant supply from a market that was already tightening due to OPEC-led production cuts.
SYDNEY (Reuters) - Asian shares took a breather on Tuesday after three straight sessions of gains, with markets consolidating in the hope an upswing in global growth could outlast a likely hike in U.S. borrowing costs this week.
SINGAPORE (Reuters) - Brent crude oil prices jumped above $65 per barrel for the first time since 2015 after the shutdown of the Forties North Sea pipeline knocked out significant supplies from a market that was already tightening due to OPEC-led production cuts.
SINGAPORE (Reuters) - Brent crude oil prices were near 2015 highs on Tuesday after the unplanned closure of a major North Sea pipeline for repairs, knocking out significant supplies from a market that was already tightening due to OPEC-led production cuts.
(Reuters) - Exxon Mobil Corp on Monday said it would publish new details about how climate change could affect its business in a move aimed at appeasing critics and forestalling another proxy fight next year.
SYDNEY (Reuters) - Asian shares were trying to string together a fourth session of gains on Tuesday as optimism about global growth looked set to outlast an almost certain hike in U.S. borrowing costs this week.
By Felipe Iturrieta and Bruno Federowski SAO PAULO, Dec 11 (Reuters) - Chilean stocks rose more than 2 percent on Monday, their highest daily rise in almost two years, driven by foreign buyers in large stocks and higher prices for copper, the country's main export. The IPSA index rose 2.69 percent to 5,018.67 points, its best performance since January 2016. The copper reference price on the London Metals Exchange rose 1.5 percent, its largest daily rise in almost two months. Shar
MEXICO CITY (Reuters) - Uber Technologies Inc said on Monday that it had appealed regulations that have barred it from accepting cash fares in the Mexican state of Puebla, in a new challenge to clampdowns on the ride-hailing service in Latin America.
PARIS (Reuters) - French technology consulting firm Atos offered to buy Gemalto for 4.3 billion euros ($5.06 billion) on Monday to boost its cyber security services as states and big corporations seek to cope with a growing number of attacks on the Internet worldwide.
(Reuters) - Comcast Corp said on Monday it had abandoned its bid for most of the assets of Rupert Murdochâ€™s Twenty-First Century Fox Inc , leaving Walt Disney Co as the sole suitor in pursuit of the $40 billion-plus deal.
DETROIT (Reuters) - If Congress eliminates an electric vehicle tax credit it "will have an impact" on sales of U.S. electric vehicles such as General Motors Co's Chevrolet Bolt, GM Chief Executive Mary Barra said on Monday.
NEW YORK (Reuters) - Wall Street indexes closed higher on Monday and the biggest drivers were technology and energy sectors as oil prices rose and investors waited for an expected U.S. Federal Reserve rate hike later in the week.
NEW YORK (Reuters) - Wall Street indexes were higher on Monday with boosts from technology and energy sectors as oil prices rose while investors prepared for an expected U.S. Federal Reserve rate hike later in the week.
BOSTON, Dec 11 (Reuters) - Investment firm Angelo, Gordon is promoting two senior executives to co-chief investment officers to work alongside the firm's co-founder, Michael Gordon, as the firm prepares for an eventual generational change.
ZURICH (Reuters) - Zurich Insurance has agreed to buy ANZ's OnePath Life insurance businesses for 2.85 billion Australian dollars ($2.14 billion), the latest and largest foray by the Swiss company into the Australian market.
FRANKFURT (Reuters) - A previously undetected group of Russian-language hackers silently stole nearly $10 million from at least 18 mostly U.S. and Russian banks in recent years by targeting interbank transfer systems, a Moscow-based security firm said on Monday.
DUBLIN (Reuters) - Pilots employed directly by Ryanair in Dublin, its second largest base, have voted overwhelmingly in favor of taking industrial action in a growing dispute over the airline's collective bargaining system, the IMPACT trade union said on Monday.
ZURICH/NEW YORK (Reuters) - Financial companies led by Swiss bank UBS are testing a blockchain platform to help them comply with new European Union trade data standards due to come into force next year.
NEW YORK/SYDNEY/LONDON (Reuters) - Newly launched bitcoin futures indicated on Monday that financial markets expect the cryptocurrency to climb further but at a far slower rate than in recent weeks as warnings of a bubble grew.
BUENOS AIRES (Reuters) - U.S. President Donald Trump's trade chief said on Monday that the World Trade Organization is losing its focus on trade negotiations in favor of litigation and needed to rethink how it defines developing economies.
WOLFSBURG, Germany (Reuters) - Volkswagen expects cash outflows of 4-5 billion euros ($4.7-5.9 billion) next year in relation to the dieselgate emissions cheating scandal, the carmaker's Chief Financial Officer Frank Witter told journalists on Monday.
TOKYO (Reuters) - Sumitomo Mitsui Financial Group Inc's brokerage unit is ready to poach bankers to expand its U.S. investment banking arm and could even buy small firms if the right target comes up, its chief executive said.
FRANKFURT (Reuters) - German trade union IG Metall on Monday said a first round of wage talks at Volkswagen failed to produce a result, adding it was disappointed the carmaker did not present a counter-offer to its demand for a 6-percent wage hike.
(Reuters) - The S&P and the Dow opened little changed on Monday after reports of an explosion in New York's busy Port Authority commuter hub, while the Nasdaq was slightly higher as technology stocks rose.
LONDON (Reuters) - HSBC drew a line under its punishment for lapses in anti-money laundering controls on Monday, saying the U.S. Department of Justice (DoJ) would end its deferred prosecution agreement, lifting the threat of further penalties.
(Reuters) - Activist investor Carl Icahn has named four nominees to Xerox Corp's board of directors, the company said on Monday, after a current Icahn-appointed director resigned due to a difference of opinion with the board.
NEW YORK/SYDNEY/LONDON (Reuters) - Bitcoin futures eased back from an initial surge of almost 22 percent to trade up 13 percent on Monday, in an eagerly awaited U.S. market debut that backers hope will confer greater legitimacy on the volatile cryptocurrency and lead to its wider use.
LONDON (Reuters) - Uber [UBER.UL] will defend its right to operate in London in court next year after the app was deemed unfit to run a taxi service and stripped of its license in its most important European market.
LONDON (Reuters) - Uber's [UBER.UL] appeal against the loss of its London license should begin on Apr. 30 for five days but might be delayed until June, a British judge said on Monday at a preliminary hearing.
LONDON (Reuters) - World stocks climbed and equity volatility neared a record low on Monday as investors focused on signs of strong economic growth ahead of a slew of central bank rate decisions, while the launch of bitcoin futures fed the market's cryptocurrency obsession.
SYDNEY (Reuters) - The craze for cryptocurrencies entered a new chapter on Monday as bitcoin futures rocketed by one-fifth of their value at a hotly anticipated launch, while Asian shares climbed amid optimism about global growth.
SYDNEY (Reuters) - The craze for cryptocurrencies entered a new chapter on Monday as bitcoin futures rocketed by one-fifth of their value at a closely-watched launch, while Asian shares climbed amid optimism about global growth.
SYDNEY (Reuters) - Futures in bitcoin, which has taken global financial markets by storm, swung above their launch price, while the dollar kept gains in Monday's Asian session on expectations the Federal Reserve will stick to its tightening path.
SYDNEY (Reuters) - Futures in bitcoin, which has taken global financial markets by storm, got off to a volatile start at its launch, while the dollar kept gains in Monday's Asian session on expectations the Federal Reserve will stick to its tightening path.
LONDON (Reuters) - Uber [UBER.UL] will defend its right to operate in London in a court hearing on Monday after the app was deemed unfit to run a taxi service and stripped of its license in its most important European market.
MILAN (Reuters) - Mediaset's chief executive said he hoped the shared interest over TV content with Telecom Italia (TIM) could pave the way to a truce with France's Vivendi , speaking in a interview published late on Sunday.
(Reuters) - Britain's Labour Party is considering moving some of Bank of England's functions to Birmingham, from its current home in Threadneedle Street in the City of London, according to an interim report on the British financial system released on Sunday.
BERLIN (Reuters) - Thyssenkrupp has offered workers commitments on jobs and investments to get union backing for its deal with Tata Steel to merge their European steel operations, several people close to labor union IG Metall said.
DHAKA (Reuters) - Bangladesh's finance minister said late on Saturday he wanted to "wipe out" a Philippines bank that was used to channel $81 million stolen from the Bangladeshi central bank's account with the Federal Reserve Bank of New York last year.
NEW YORK (Reuters) - The newest way to bet on bitcoin, the cyptocurrency that has taken Wall Street by storm with its stratospheric price rise and wild daily gyrations, will arrive on Sunday when bitcoin futures start trading.
BERLIN (Reuters) - Thyssenkrupp is prepared to offer workers commitments on jobs and investments to get union backing for its deal with Tata Steel to merge their European steel operations, German weekly Bild am Sonntag reported, citing an internal memo.
BERLIN (Reuters) - Volkswagen executive Oliver Schmidt, convicted in the United States this week for his role in the German carmaker's emissions scandal, may ask to serve his prison sentence in Germany, German weekly Welt am Sonntag reported, citing sources close to Schmidt.
BERLIN, Dec 10 (Reuters) - Volkswagen executive Oliver Schmidt, convicted in the United States this week for his role in the German carmaker's emissions scandal, may ask to serve his prison sentence in Germany, German weekly Welt am Sonntag reported, citing sources close to Schmidt.
SAN FRANCISCO (Reuters) - Apple Inc is in talks to acquire Shazam Entertainment Ltd, whose software helps users identify songs by pointing their phone at an audio source, according to a person familiar with the situation.
(Reuters) - Apple Inc Chief Design Officer Jony Ive is returning to day-to-day management of the company's design teams after handing off managerial duties two years ago to focus on other projects, Apple told Reuters on Friday.
NEW YORK (Reuters) - Delta Air Lines has canceled more than 600 flights due to inclement weather at its Atlanta hub, the carrier said on Friday, as a winter storm travels towards the northeast, threatening more cancellations and delays.
NEW YORK (Reuters) - Stocks that have been lackluster so far in 2017 are unlikely to see their fortunes reversed in the final month of the year, as investors engage in tax-harvesting practices before the new year.
WASHINGTON (Reuters) - U.S. job growth increased at a strong clip in November, painting a portrait of a healthy economy that analysts say does not require the kind of fiscal stimulus that President Donald Trump is proposing, even though wage gains remain moderate.
NEW YORK (Reuters) - U.S. stocks advanced on Friday, buoyed by a solid payrolls report for November that locked in expectations for an interest rate hike from the U.S. Federal Reserve next week and raised optimism about economic prospects in 2018.
LONDON/NEW YORK (Reuters) - Bitcoin lost almost a fifth of its value in 10 hours on Friday, having surged more than 40 percent in the preceding 48 hours, sparking fears the market may be heading for a price collapse.
NEW YORK (Reuters) - Wall Street indexes advanced on Friday on the heels of a solid payrolls report for November, locking in expectations for an interest rate hike from the U.S. Federal Reserve next week and boosting optimism about economic prospects for 2018.
WASHINGTON/NEW YORK (Reuters) - President Donald Trump took aim at the third-largest U.S. bank on Friday, writing on Twitter that government fines and penalties against Wells Fargo & Co could be hiked amid an ongoing sales scandal.
(Reuters) - Wall Street indexes gained on Friday as U.S. employers added more jobs than expected in November, cementing the case for an interest rate hike next week and adding to optimism about the economy heading into 2018.
OTTAWA (Reuters) - Boeing Co , which is locked in a dispute with the Canadian government, said on Friday it would continue to look for ways to work with the country, which is expected next week to announce it is scrapping plans to buy 18 of the U.S. planemaker's Super Hornet fighter jets.
(Reuters) - WestJet Airlines Ltd's joint venture with Delta Air Lines Inc will put the Canadian air carrier in a stronger position to gain market share, credit rating agency Moody's Investors Service said.
BRUSSELS (Reuters) - EU antitrust regulators are set to warn Bayer its planned purchase of U.S. seed maker Monsanto may hurt competition, a person familiar with the matter said on Friday, a move that would force Bayer to offer concessions to address the concerns.
JOHANNESBURG (Reuters) - Steinhoff shares plunged another 50 percent on Friday, before paring some losses as traders booked profits on short positions taken out after the South African retailer disclosed accounting irregularities earlier this week.
(Reuters) - U.S. stocks were pushed higher on Friday by a stronger-than-expected jobs data for November, which indicated improving economic fundamentals at the world's largest economy in the run up to a near certain interest rate hike next week.
NEW YORK (Reuters) - Investors looking for the U.S. Republican tax bill to prompt multinational companies to convert foreign profits into dollars and end the worst slide in the greenback in a decade may have to temper their hopes for a prolonged rebound.
WASHINGTON (Reuters) - CVS Health Corp expects the U.S. Justice Department to do the antitrust review of its planned acquisition of health insurer Aetna Inc, a spokesman for the drugstore chain operator said.
(Reuters) - Wall Street ticked higher on Friday after a stronger-than-expected jobs data for November showed that the world's largest economy has gained strength, ahead of a near certain interest rate hike next week.
LONDON/TOKYO (Reuters) - Bitcoin lost almost a fifth of its value in 10 hours on Friday, having surged more than 40 percent in the preceding 48 hours, sparking fears the market may be heading for a price collapse.
* WESTMORELAND RESOURCE PARTNERS LP SAYS ON DEC 5, BOARD APPOINTED MICHAEL HUTCHINSON TO SERVE AS INTERIM CHIEF EXECUTIVE OFFICER - SEC FILING Source text - http://bit.ly/2kChp5Y Further company coverage:
(Reuters) - Singapore's top taxi operator ComfortDelGro Corp will buy a 51 percent stake in a unit of Uber [UBER.UL] that runs a fleet of private hire vehicles, as the companies seek to bridge the gap with dominant ride-hailing firm Grab.
(Reuters) - Big Banks, including JPMorgan Chase and Citigroup will not immediately clear bitcoin trades for clients once Cboe Global Markets and CME Group start trading futures contracts in the cryptocurrency next week, the Financial Times reported, citing people familiar with the matter.
LONDON (Reuters) - Lloyd's of London [SOLYD.UL] will press ahead with plans to establish a foothold in the European Union regardless of progress in EU divorce talks that industry groups said was welcome but did little to dispel uncertainty.
(Reuters) - U.S. stock futures pointed to a higher opening for Wall Street on Friday, helped by gains for global stock markets after Britain secured EU agreement to move on from the first-round of Brexit negotiations.
JOHANNESBURG (Reuters) - Steinhoff shares plunged another 50 percent on Friday, before recovering as traders booked profits on short positions taken out after the South African retailer disclosed accounting irregularities earlier this week.
LONDON (Reuters) - Royal Bank of Scotland's chances of reaching a deal this year with the U.S. Department of Justice over its mis-selling of toxic mortgage-backed securities are "diminishing", its chief executive said in a Bloomberg TV interview.
BERLIN (Reuters) - Volkswagen said on Friday it had stopped delivering the T6 multivan to dealers after detecting that the diesel model emitted excessive nitrogen oxide levels and had reported the findings to Germany's automotive watchdog (KBA).
LONDON (Reuters) - Royal Bank of Scotland's chances of reaching a settlement this year with the U.S. Department of Justice over its mis-selling of toxic mortgage-backed securities are "diminishing", its chief executive said in a Bloomberg TV interview.
LONDON (Reuters) - A breakthrough in Brexit negotiations pushed sterling to a six-month high against the euro on Friday and added momentum to an upswing in world stocks underpinned by strong economic news from China and Japan.
TOKYO (Reuters) - Toshiba Corp and Western Digital Corp have agreed in principle to settle a dispute over the Japanese firm's plans to sell its $18 billion chip unit and aim to have a final agreement in place next week, sources familiar with the matter said.
SYDNEY (Reuters) - Asian shares rallied for a second session on Friday as economic news from China and Japan beat all expectations while bitcoin, the market's new crypto-star, tumbled more than 10 percent after a meteoric ascent in recent weeks.
TOKYO (Reuters) - Japanese Industrial Standards (JIS) certification for copper and copper alloy seamless pipes produced by Kobe Steel Ltd's unit Shinko Metal Products has been suspended, the nation's trade ministry said on Friday.
SYDNEY (Reuters) - Asian shares rallied for a second session on Friday as economic news from China and Japan beat all expectations and investors marveled at the meteoric ascent of bitcoin, the market's new crypto-star.
TOKYO (Reuters) - Toshiba Corp and business partner Western Digital Corp have agreed in principle to settle a dispute over the embattled Japanese conglomerate's plans to sell its $18 billion chip unit, sources with direct knowledge of the talks said.
SYDNEY (Reuters) - Asian shares rallied for a second session on Friday as economic news from China and Japan beat all expectations, and investors marveled at the meteoric ascent of the market's new crypto-star, bitcoin.
HONG KONG (Reuters) - HSBC said on Friday that it had expanded its Asian research team by hiring 15 analysts following the launch of HSBC Qianhai Securities, the first Chinese securities joint venture to be majority-owned by a foreign bank.
DHAKA (Reuters) - Bangladesh's central bank has asked the Federal Reserve Bank of New York to join a lawsuit it plans to file against a Philippines bank for its role in one of the world's biggest cyber-heists, several sources said.
NEW YORK (Reuters) - JPMorgan Chase & Co expects to offer more price discounts to its banking customers who buy multiple products, similar to the way Amazon.com gives extras to its Prime subscribers, chief executive Jamie Dimon said on Thursday.
LONDON/NEW YORK (Reuters) - Bitcoin rocketed to a lifetime high well above $16,000 on Thursday after climbing some 67 percent over one week, intensifying the debate about whether the cryptocurrency is in a bubble about to burst.
SYDNEY (Reuters) - Asian shares rallied for a second session on Friday as investors awaited major economic data from China and the United States while marveling at the meteoric ascent of the market's new crypto-star, bitcoin.
(Reuters) - New Zealand telecommunications company Spark New Zealand said on Friday its plans for a fifth-generation network (5G) are progressing well and it expects to roll it out within the "next few years."
HANGZHOU, China (Reuters) - In a small village shop near the eastern Chinese city of Hangzhou, store owner Lu Qiwei uses his smartphone to place orders to refill stocks of instant noodles, rice and drinks.
NEW YORK (Reuters) - Hilton Worldwide Holdings Inc would use the windfall from a lower U.S. corporate tax rate to finance share buybacks from investors, company executives said, highlighting how corporate savings would be spent under the Republican tax plan.
NEW YORK (Reuters) - Goldman Sachs Group Inc. is planning to clear bitcoin futures for some clients as the new contracts go live on exchanges in the coming days, a spokeswoman for the bank said on Thursday.
WASHINGTON (Reuters) - The Trump administration will delay an Obama-era rule limiting emissions of the powerful greenhouse gas methane from oil and gas operations on federal and tribal lands, it said on Thursday, a move slammed by environmentalists.
LONDON/NEW YORK (Reuters) - Bitcoin rocketed to a lifetime high just shy of $16,000 on Thursday after climbing some 60 percent in just over a week, intensifying the debate about whether the cryptocurrency is in a bubble about to burst.
WASHINGTON (Reuters) - The trial to determine if the U.S. Department of Justice can stop AT&T Inc's $85 billion purchase of media company Time Warner Inc will begin on March 19, a federal judge in Washington said during a hearing on Thursday.
WASHINGTON (Reuters) - The new acting head of the U.S. consumer finance watchdog is reviewing whether Wells Fargo & Co should pay tens of millions of dollars over alleged mortgage lending abuse, according to three sources familiar with the dispute.
MEXICO CITY/SAN FRANCISCO (Reuters) - Didi Chuxing, China's ride-hailing behemoth, plans to expand into Mexico next year, intensifying its global rivalry with Uber, according to two sources familiar with the plans.
(Reuters) - A federal judge on Thursday sentenced Larry Nassar, the former USA Gymnastics team doctor accused of sexually assaulting gymnasts, to 60 years in prison on federal child pornography charges that grew out of a sex abuse investigation.
CHARLESTON, S.C. (Reuters) - The white former policeman caught on video shooting an unarmed black man in the back after a 2015 traffic stop in South Carolina was sentenced on Thursday to 20 years in prison, with a federal judge ruling that the killing amounted to murder.
(Reuters) - New York state Comptroller Thomas DiNapoli is asking Wells Fargo & Co to disclose more information about employee incentive pay, an issue that was at the heart of a scandal that has roiled the third-largest U.S. lender for more than a year.
CHARLESTON, S.C. (Reuters) - A white former South Carolina policeman caught on video shooting an unarmed black man in the back was sentenced to 20 years in prison on Thursday in a federal civil rights case connected to the 2015 killing.
(Reuters) - A federal judge on Thursday sentenced Larry Nassar, the former USA Gymnastics team doctor accused of sexually assaulting gymnasts, to 60 years in prison on federal child pornography charges that grew out of a sex abuse investigation, local media reported.
(Reuters) - Industrial conglomerate Honeywell will take a 25 percent stake in Chinese software provider Flux Information Technology, placing a long-term bet on China's rapidly growing logistics industry.
LONDON (Reuters) - Uber's license to operate in the northern English city of Sheffield was suspended last Friday after it failed to respond to requests about the management of its taxi app, the local authority said.
A federal judge said Thursday that the "appropriate underlying offense" for the former South Carolina police officer who killed unarmed black man Walter Scott is second-degree murder and suggested a sentence of 19 to 24 years in prison. US District Court Judge David Norton is expected to sentence Michael Slager, who is white, later Thursday, after he hears more victim impact statements. Slager pleaded guilty in May to violation of civil rights by acting under the color of law in Scott's killing.
DETROIT (Reuters) - Ford Motor Co will begin testing its latest self-driving vehicle technology next year in at least one city but has not changed its plan to begin commercial production until 2021, the company said.
(Reuters) - Kevin Kleinman, a trader at Watchhimtrade.com, listens to music on Pandora every morning as he executes trades worth millions of dollars. But he will not bet a dime on the music streaming company.
BANGKOK (Reuters) - A Thai court issued arrest warrants against five people on Thursday over the discovery of a cache of weapons, including figures with links to the "Red Shirt" followers of former prime minister Thaksin Shinawatra.
(Reuters) - Shares in Skyworks Solutions Inc , Cirrus Logic Inc , and Qorvo Inc traded higher on Thursday after fellow Apple supplier Broadcom Ltd hinted the late launch of iPhone X would help revenue rise.
(Reuters) - Anheuser-Busch, which makes Budweiser beers, has reserved 40 of Tesla Inc's all-electric Semi trucks as it seeks to reduce fuel costs and vehicle emissions, the Wall Street Journal reported on Thursday.
JOHANNESBURG/BERLIN (Reuters) - Shocked Steinhoff shareholders have wiped more than $12 billion off its value since it revealed "accounting irregularities" and parted ways with its chief executive, in a dramatic fall from grace for the South African retailer.
PRAGUE (Reuters) - Czech airline Travel Service said on Thursday it had signed an order for nine additional Boeing 737 MAX planes for its fleet in November, increasing its total order book for the model to 39 planes.
(Reuters) - U.S. stock futures pointed to a dull opening on Thursday with technology stocks holding on to their modest gains as traders focus on progress in tax bill negotiations and General Electric's job-cut plan.
ZURICH (Reuters) - General Electric Co announced on Thursday it was axing 12,000 jobs at its global power business as the struggling industrial conglomerate responds to dwindling demand for fossil fuel power plants.
BERLIN (Reuters) - The leader of Germany's Social Democrats (SPD) took aim at U.S. technology firms Apple, Facebook and Google on Thursday, saying a strong Europe was needed to make sure they stick to the rules.