Reuters: Business News
German transport minister wants to welcome Uber, others by 2021
Sat, 17 Nov 2018 04:34:02 -0500
Transport Minister Andreas Scheuer wants to open the German market to car pooling services offered by Uber and other companies by 2021, Focus magazine reported Saturday.
Dollar, U.S. yields slide on Fed official rate talk
Fri, 16 Nov 2018 20:13:03 -0500
The U.S. dollar weakened and Treasury yields slid on Friday after a top Federal Reserve official said U.S. interest rates were near a neutral rate, while the S&P 500 ended positive after a seesaw session helped by optimism over U.S.-China trade ties.
S&P, Dow advance on trade optimism; Nvidia sinks Nasdaq
Fri, 16 Nov 2018 19:19:28 -0500
The S&P 500 and Dow Industrials rose on Friday after President Donald Trump said the United States may not have to impose further tariffs on Chinese goods, but falling shares of Nvidia Corp dragged down the Nasdaq.
S&P 500 buybacks set another quarterly record: S&P Dow Jones
Fri, 16 Nov 2018 19:19:05 -0500
S&P 500 companies have set another record in share repurchases in the third quarter and look on track to break above $200 billion in buybacks for the quarter, according to an S&P Dow Jones Indices analysis.
Burke to replace Dungey as ABC Entertainment chief
Fri, 16 Nov 2018 18:36:33 -0500
Karey Burke will replace Channing Dungey as president of Walt Disney's ABC Entertainment, the company said on Friday.
Trump says U.S. may not impose more tariffs on China
Fri, 16 Nov 2018 18:31:24 -0500
U.S. President Donald Trump said on Friday that he may not impose more tariffs on Chinese goods after Beijing sent the United States a list of measures it was willing to take to resolve trade tensions, although he added it was unacceptable that some major items were omitted from the list.
Regulator 'stunned and terrified' after causing PG&E stock surge
Fri, 16 Nov 2018 18:16:23 -0500
The chief of California's top utilities regulator said on Friday he was shocked to learn that reassurances he made to investors about PG&E caused the embattled power utility's stock to surge over 40 percent in a matter of minutes.
PG&E shares surge 40 percent on report regulator wants to avoid bankruptcy from wildfire
Fri, 16 Nov 2018 17:52:03 -0500
PG&E Corp shares soared 40 percent in after-hours trade on Thursday following a report that a regulatory official told investors the agency does not want the utility to go into bankruptcy should it be found responsible for this month's deadly wildfire in northern California.
Bombardier CEO meets investors as stock dives 20 percent
Fri, 16 Nov 2018 17:20:27 -0500
Bombardier Inc's top executives met with investors in Montreal on Friday after a disappointing free cash flow forecast and regulatory action, which sent the plane and train maker's shares down 20 percent, sources familiar with the matter said.
Gubitosi seen as favorite to become Telecom Italia CEO: sources
Fri, 16 Nov 2018 16:57:31 -0500
Veteran Italian manager Luigi Gubitosi is seen ahead in the race to become the new chief executive of Italy's biggest telecoms group Telecom Italia (TIM) , two sources familiar with the matter said.
Oil edges up in volatile session but falls for sixth straight week
Fri, 16 Nov 2018 16:56:47 -0500
Oil ended slightly firmer after volatile trading on Friday, supported by expectations that the Organization of the Petroleum Exporting Countries would agree to cut output next month, though prices fell for the sixth straight week amid global oversupply concerns.
Dollar falls as Fed officials ring note of caution, pound bounces
Fri, 16 Nov 2018 15:30:31 -0500
The dollar fell broadly on Friday in the wake of cautious comments from two U.S. Federal Reserve officials about global economic growth, while sterling rose following losses tied to fears about a Brexit deal.
Delta adds 10 A330neo in boost to Airbus' slow-selling jet
Fri, 16 Nov 2018 14:24:46 -0500
U.S. carrier Delta Air Lines said on Friday it ordered 10 Airbus A330neo long-haul jets, reinforcing its position as the first U.S. airline to operate the upgraded jet and lending its influential support to a slow-selling model.
Google Cloud names Thomas Kurian to replace CEO Diane Greene
Fri, 16 Nov 2018 14:13:38 -0500
Former Oracle Corp product chief Thomas Kurian will replace Diane Greene as head of the cloud division at Alphabet Inc's Google in the coming weeks, Greene announced in a blog post on Friday, after a tumultuous year for the business.
Viacom sets Netflix deal that augurs future strategy
Fri, 16 Nov 2018 13:08:04 -0500
Viacom Inc on Friday announced a multi-picture deal with Netflix , and promised to make more films and TV shows for other companies, further signaling that it will not directly take on big tech rivals that stream to consumers and will instead supply them with content.
Investors eye holiday sales for market salve
Fri, 16 Nov 2018 12:53:43 -0500
Investors will get a glimpse of consumer health next week as the holiday shopping season gets under way with Black Friday sales, and a solid start could help equities steady after several tumultuous weeks.
U.S. manufacturing production increases; headwinds growing
Fri, 16 Nov 2018 12:40:50 -0500
U.S. manufacturing output rose for a fifth straight month in October, shrugging off a sharp drop in motor vehicle production and suggesting underlying strength in factory activity despite growing headwinds that are expected to slow the sector in 2019.
VW embarks on $50 billion electrification plan
Fri, 16 Nov 2018 12:39:02 -0500
Volkswagen expects to become the most profitable manufacturer of electric cars thanks to a multi-billion euro expansion plan to mass produce battery driven vehicles, Chief Executive Herbert Diess said on Friday.
Airbus, Dassault finalizing bid for early work on new fighter jet
Fri, 16 Nov 2018 12:15:23 -0500
Airbus and France's Dassault Aviation will shortly submit an unsolicited proposal for initial conceptual work on a next-generation fighter jet to German and French officials, according to sources familiar with the matter.
PG&E options traders bet stock not out of the woods yet
Fri, 16 Nov 2018 12:02:42 -0500
The wild swings in the shares of PG&E Corp over the past week have drawn a rush of trading in the electricity provider's options contracts and traders are betting the stock is going to remain prone to wild gyrations in the near term.
Feed Fetched by RSS Dog.