Reuters: Business News
Cambridge Analytica CEO claims influence on U.S. election, Facebook questioned
Wed, 21 Mar 2018 00:43:59 -0400
LONDON/SAN FRANCISCO (Reuters) - The suspended chief executive of Cambridge Analytica said in a secretly recorded video broadcast on Tuesday that his UK-based political consultancy's online campaign played a decisive role in U.S. President Donald Trump's 2016 election victory.
Powell's Fed likely to raise rates, may upgrade 2018 outlook
Wed, 21 Mar 2018 01:20:49 -0400
WASHINGTON (Reuters) - The Federal Reserve is expected to raise interest rates at its first policy meeting under Chairman Jerome Powell and may signal more hikes are coming in response to tax cuts and government spending that could further stoke a robust U.S. economy.
Caution the watchword as Fed ponders rate pace
Wed, 21 Mar 2018 01:20:05 -0400
SYDNEY (Reuters) - A hush settled over financial markets on Wednesday as investors counted down to a likely hike in U.S. interest rates and guidance on how many more to expect this year, while trade war fears kept export nations' currencies on edge.
Exclusive: Kaspersky Lab plans Swiss data center to combat spying allegations - documents
Wed, 21 Mar 2018 01:18:29 -0400
MOSCOW/TORONTO (Reuters) - Moscow-based Kaspersky Lab plans to open a data center in Switzerland to address Western government concerns that Russia exploits its anti-virus software to spy on customers, according to internal documents seen by Reuters.
Amazon is now second most valuable U.S.-listed company, tops Alphabet
Tue, 20 Mar 2018 17:34:18 -0400
(Reuters) - became the second most valuable publicly listed U.S. company on Tuesday, surpassing Google parent Alphabet Inc for the first time.
Starbucks' mobile order push meets resistance from ritual seekers
Wed, 21 Mar 2018 03:16:13 -0400
LOS ANGELES (Reuters) - Starbucks Corp wants more people to use its time-saving mobile ordering app that lets customers buy drinks without waiting in line.
Arizona says not time to rein in self-driving cars after Uber fatality
Tue, 20 Mar 2018 20:09:56 -0400
TEMPE, Ariz./DETROIT (Reuters) - Arizona officials said on Tuesday they saw no immediate need to tighten rules on the testing of self-driving cars in the state in reaction to a fatal accident involving an Uber autonomous vehicle that has focused attention on the safety of the new technology.
Salesforce to buy MuleSoft for $5.9 billion
Tue, 20 Mar 2018 18:30:48 -0400
(Reuters) - Inc said on Tuesday it would buy U.S. software maker MuleSoft Inc for about $5.90 billion in a cash-and-stock deal, illustrating CEO Marc Benioff's push to bolster the company's cloud-based portfolio with new technology.
Pension fund CalSTRS opposes Tesla's compensation package for Musk
Wed, 21 Mar 2018 00:07:24 -0400
(Reuters) - U.S. public pension fund CalSTRS said on Wednesday it is opposed to Tesla Inc's recommendation to support Chief Executive Elon Musk's compensation arrangement at the electric car maker's shareholder meeting.
In search of higher margins, Canada Goose to make more of its own luxury coats
Wed, 21 Mar 2018 01:09:06 -0400
(Reuters) - Luxury coat maker Canada Goose plans to bring more manufacturing in-house in a bid to boost margins and help it live up to lofty investor expectations as the most expensive stock among major luxury brands.
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