Business

  • Hottest Tech startups don't need venture capital money
    Hottest_tech_startups_don't_need_venture_capital_money 2017-07-24 07:00:59 UTC
    NEW YORK (Reuters) - U.S. venture capital firms lining up for a slice of the burgeoning digital currency market are grappling with a novel challenge - some of the hottest tech startups that sell the coins just don't need their money. Only a few...
  • ExxonMobil Fined $2M for Russia Sanctions Breach Under CEO Tillerson
    Rex_tillerson_skipping_first_nato_meeting__visiting_moscow 2017-07-22 08:02:32 UTC
    <blockquote>Washington - The U.S. Treasury Department has fined ExxonMobil $2 million for violating U.S. sanctions against Russia three years ago, when Secretary of State Rex Tillerson served as the oil company’s CEO. The Treasury said ExxonMo...
  • Brexit EU hub: Morgan Stanley & Citigroup choosing Frankfurt
    Brexit_job_moves-_morgan_stanley_and_citigroup_choose_frankfurt 2017-07-19 16:48:26 UTC
    FRANKFURT/LONDON (Reuters) - Morgan Stanley has chosen Frankfurt to be the new base for its European Union operations as Britain prepares to leave the bloc, according to a source familiar with the matter, becoming the latest U.S. bank to pick the ...
  • US auto industry has been bracing for a downturn
    Us_auto_industry_has_been_bracing_for_a_downturn 2017-07-03 16:51:23 UTC
    The U.S. auto industry has been bracing for a downturn after hitting a record 17.55 million new vehicles sold in 2016. A glut of nearly new used vehicles poses competition for new vehicle sales and automakers have relied increasingly on high consu...
  • Tesla Model 3 passed all regulatory requirements for production
    Tesla_inc's_high-volume_model_3_sedan_passed_all_regulatory_requirements_for_production 2017-07-03 06:23:42 UTC
    Tesla Inc's high-volume Model 3 sedan passed all regulatory requirements for production two weeks ahead of schedule, Chief Executive Elon Musk tweeted on Sunday night. Musk said in May that Tesla was on track to begin production of the $35,000 ...
  • Shortlisted bidders in race to buy $10b valued Global Logistic Properties Ltd
    Shortlisted_bidders_in_race_to_buy__10b_valued_global_logistic_properties 2017-07-03 05:50:18 UTC
    SINGAPORE — Global Logistic Properties Ltd said on Monday it had received "firm proposals" from shortlisted bidders, days after sources told Reuters that suitors had narrowed to a management-backed Chinese consortium and a group led by Warburg Pin...
  • Sweden’s Museum of Failure displays flops
    Sweden%e2%80%99s_museum_of_failure_displays_flops 2017-06-08 04:04:15 UTC
    HELSINGBORG, SWEDEN – Green Heinz ketchup? Fat-free Pringles? Colgate frozen lasagna? You don’t need to be an expert to know these products weren’t successful. Which is why these creations, with dozens of others, feature in the new Museum of Fa...
  • Facebook focuses on Vox, BuzzFeed and others for video service
    Facebook_is_focusing_on_vox__buzzfeed_and_others_for_video_service 2017-05-24 20:47:43 UTC
    NEW YORK — Facebook has signed deals with millennial-focused news and entertainment creators Vox Media, BuzzFeed, ATTN, Group Nine Media and others to make shows for its upcoming video service, which will feature long and short-form content with a...
  • General Electric: We're very supportive of NAFTA
    General_electric-_we're_very_supportive_of_nafta 2017-05-12 19:35:46 UTC
    MONTERREY, MEXICO — General Electric Co's chief executive on Friday praised Mexico as a big part of its future growth and said the company is "very supportive" of the North American Free Trade Agreement (NAFTA) that U.S. far-right nationalist Pres...
  • Warning directed at Trump: Mexico outlines plans for alternatives on trade
    Warning_directed_at_trump-_mexico_outlines_plans_for_alternatives_on_trade 2017-05-12 18:44:03 UTC
    In the warning directed at the U.S. far-right nationalist President Donald Trump, Mexican Economy Minister Ildefonso Guajardo, outlines plans for alternatives on trade. He sent a stark message to Trump, saying an upcoming visit by Mexican offic...
  • German's Aldi is going to beat the largest US retailer at its own game
    German's_aldi_is_going_to_beat_the_largest_us_retailer_at_its_own_game 2017-05-11 06:57:56 UTC
    German grocery chain Aldi is going to beat the largest US retailer at its own game: low prices. Already with 1,600 U.S. stores, Aldi’s internal studies show its prices are 21 percent lower than its lowest-priced rivals, including Wal-Mart Store...
  • America's Bad Health Care System Is Getting Worse
    America's_bad_health_care_system_is_getting_worse 2017-05-05 01:42:08 UTC
    WASHINGTON — GOP House majority approved a bill to repeal Obamacare, which enabled 20 million more Americans to get health insurance. Democrats say it would make insurance unaffordable for those who need it most and leave millions more uninsur...
  • Trump's Tax Plan With Big Cuts For Businesses Like His
    Trump's_tax_plan_with_big_cuts_for_business_like_his 2017-04-26 18:33:19 UTC
    WASHINGTON — Trump proposed slashing the U.S. tax rate on corporate and pass-through business profits to 15 percent from 35 percent or more, while also offering tax cuts to average Americans in a rough outline of his tax policy goals. A one-pag...
  • France, Airbus and Leonardo, Italy major deal with Iran Air
    France__airbus_and_leonardo__italy_major_deal_with_iran_air 2017-04-10 07:09:56 UTC
    IranAir has signed a contract to buy 20 planes from turboprop maker ATR, Iranian deputy transport minister was quoted as saying on Monday. The deal comes after Iran, which had not directly purchased a Western-built plane in nearly 40 years, sig...
  • German service sector growth to a 15-month high
    German_service_sector_growth_to_a_15-month_high 2017-04-05 09:20:08 UTC
    BERLIN, April 5 - Growth in Germany's services sector accelerated further in March, a survey showed on Wednesday, suggesting Europe's largest economy will post healthy growth in the first quarter. Markit's final services index rose to a 15-mont...
  • China Eyes Plant in Mexico as a New Capital of the Automotive Industries - Fact Check: Trump's Misleading Claims
    Trump's_misleading_claims 2017-04-05 07:31:58 UTC
    China Eyes Plant in Mexico as a New Capital of the Automotive Industries - Fact Check: Trump's Misleading Claims. MEXICO CITY/BEIJING — Trump has criticized carmakers including General Motors for shifting production south of the border. Under...
  • Michael Flynn Failed To Disclose Payments From Russia
    Mike_flynn_worked_as_a_%e2%80%9cforeign_agent%e2%80%9d_for_the_turkish_government 2017-04-02 01:52:51 UTC
    Washington — Michael Flynn, Trump's former national security adviser, failed to disclose payments from a Russian television network and a second firm linked to Russia in a February financial disclosure form, according to documents released by the ...
  • UK and Gulf Arab states seeking free trade deal
    Uk_and_gulf_arab_states_seeking_free_trade_deal 2017-03-26 16:55:50 UTC
    By Tom Finn | LONDON/ DOHA — Gulf Arab states are pressing for an early deal on free trade with Britain to secure preferential arrangements after Brexit, and could have a draft agreement ready within months, Gulf officials say. Britain cann...
  • Unexpected Increase Of Americans Filing For Unemployment Benefits
    Unexpected_increase_of_americans_filing_for_unemployment_benefits 2017-03-23 17:43:18 UTC
    By Lucia Mutikani | WASHINGTON — An unexpected increase in the number of Americans filing for unemployment benefits last week, data on Thursday showed. Still, the labor market continues to tighten, which together with the strength in housing, ...
  • Mexican companies should not participate in Trump's border wall
    Mexican_companies_should_not_participate_in_trump's_border_wall 2017-03-22 05:20:11 UTC
    By Anthony Esposito | MEXICO CITY — Mexico's government on Tuesday warned Mexican companies that it would not be in their best "interests" to participate in the construction of U.S. President Donald Trump's border wall, though there will be no...
  • BREXIT: Goldman Sachs moving hundreds of London jobs to EU
    Brexit-_goldman_sachs_moving_hundreds_of_london_jobs_to_europe 2017-03-21 15:34:42 UTC
    By Anjuli Davies | LONDON Goldman Sachs will begin moving hundreds of people out of London before any Brexit deal is struck as part of its contingency plans for Britain leaving the European Union, the Wall Street firm's Europe CEO said. "We ar...
  • Agriculture leaders slam Trump's budget proposal
    Agriculture_leaders_slam_trump's_budget_proposal 2017-03-16 22:49:57 UTC
    By Karl Plume and P.J. Huffstutter | CHICAGO — Agriculture leaders including lawmakers from President Donald Trump's Republican Party on Thursday criticized his planned 21 percent cut to discretionary spending at the U.S. Department of Agric...
  • Euronet Worldwide launched a $1 billion bid for rival MoneyGram
    Euronet_worldwide_launched_a__1_billion_bid_for_rival_moneygram 2017-03-14 22:19:19 UTC
    By Sruthi Shankar and Anna Irrera | U.S. electronic payments company Euronet Worldwide Inc (EEFT.O) launched a $1 billion bid for rival MoneyGram International Inc (MGI.O) on Tuesday, arguing that its all-American deal would face less regulat...
  • Lightspeed is set to make its public market debut
    Lightspeed_is_set_to_make_its_public_market_debut_ 2017-03-01 20:09:45 UTC
    By Heather Somerville | SAN FRANCISCO — Lightspeed Venture Partners was launched in 1999 by four partners who were experts in enterprise software and early internet companies, making only the occasional investment into consumer technology comp...
  • Ahead of Brexit, all eyes on Frankfurt
    Ahead_of_brexit__all_eyes_on_frankfurt 2017-03-01 09:45:36 UTC
    By Huw Jones | LONDON — The European Union could be left with no exchange big enough to compete with U.S. rivals and no trading link into Britain if it allows the London Stock Exchange (LSE.L) and Deutsche Boerse (DB1Gn.DE) merger to die. A...