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Updated: 28 min 55 sec ago

FCC to vote to reform $45 billion business data market

35 min 8 sec ago
WASHINGTON (Reuters) - The Republican head of the Federal Communications Commission on Thursday proposed easing regulatory requirements in the $45 billion business data services market, a win for companies like AT&T Inc, CenturyLink Inc, Verizon Communications Inc and others.

Quebec minister sees public issue in Bombardier's executive pay rises

1 hour 23 sec ago
MONTREAL/QUEBEC CITY (Reuters) - Bombardier Inc should consider its decision to award top executives pay rises of up to 50 percent in light of a public backlash at a time when the company has laid off thousands of employees, Quebec's economy minister said on Thursday.

U.S. judge clears Toshiba's Westinghouse to tap bankruptcy loan

1 hour 28 min ago
(Reuters) - A U.S. bankruptcy judge on Thursday cleared Westinghouse Electric Co, a unit of Japan's Toshiba Corp , to borrow an initial $350 million to support the company's global operations while it restructures operations.

Anthem likely to pull back from Obamacare markets in 2018: Jefferies

1 hour 32 min ago
(Reuters) - Anthem Inc is likely to exit from a large portion of its Obamacare individual insurance markets next year, Jefferies analysts said, nearly a week after Republican leaders pulled legislation to overhaul the U.S. healthcare system.

FCC to vote to restore rule making it easier to buy TV stations

1 hour 41 min ago
WASHINGTON (Reuters) - The U.S. Federal Communications Commission said Thursday it will vote in April to reverse a 2016 rule adopted by the Obama administration that limits the number of television stations some companies can buy.

Jeep CEO sees U.S. 2017 sales up or flat despite fleet reduction

1 hour 59 min ago
DETROIT (Reuters) - Fiat Chrysler Automobiles NV's Jeep chief Mike Manley said on Thursday that despite a deliberate reduction in fleet sales by the brand, full-year 2017 U.S. sales should still be up or on pace with last year's total.

Viacom looks to rival major U.S. cable channels with Paramount Network

2 hours 55 min ago
(Reuters) - When Viacom Inc’s Spike TV rebrands as the Paramount Network in early 2018, the struggling media company hopes to position itself as a challenger to top-rated U.S. cable networks like Comcast Corp’s USA and Time Warner Inc’s TNT with shows that have the caliber of HBO.

China's LeEco secures $2.2 billion for expansion from new investors

4 hours 21 min ago
TAIPEI (Reuters) - Chinese tech conglomerate LeEco has successfully raised nearly $2.2 billion from new investors including Tianjin Jiarui Huixin Corporate Management Company and property developer Sunac China Holdings , stock market filings on Thursday showed.

Investors bet on a quiet tech revolution in Europe

4 hours 42 min ago
LONDON (Reuters) - It's not banking or mining shares, but rather technology stocks, that have come up trumps in Europe this year and are poised to end the first quarter as the best-performing sector.

Einhorn's GM plan poses conflict challenge for board

4 hours 45 min ago
NEW YORK (Reuters) - Hedge fund manager David Einhorn's unusual plan to divide General Motors Co's shares into two classes poses a potential corporate governance minefield for GM board members.

McDonald's Quarter Pounders to be made with fresh beef

5 hours 18 min ago
(Reuters) - Fast food giant McDonald's Corp said on Thursday it would make its Quarter Pounder burgers with fresh beef, prepared when ordered, by mid-2018 in most of its restaurants.

Volkswagen settles 10 U.S. state diesel claims for $157 million

5 hours 57 min ago
WASHINGTON (Reuters) - Volkswagen AG said Thursday it has agreed to settle environmental claims from 10 U.S. states over its excess diesel emissions for $157.45 million as the world's largest automaker looks to move past the scandal.

Lululemon shares tumble after disappointing sales forecast

6 hours 5 min ago
TORONTO (Reuters) - Shares of Lululemon Athletica Inc sank to their lowest in more than a year on Thursday, after the Canadian yogawear apparel maker warned that first-quarter sales would fall.

U.S. finds dumping of certain steel plate from seven producers, slaps on duties

6 hours 15 min ago
WASHINGTON (Reuters) - The Department of Commerce made a final finding that seven foreign producers dumped certain carbon and alloy steel cut-to-length (CTL) plate in the U.S. market, allowing for imposition of duties ranging from 3.6 percent to 148.2 percent, Commerce Secretary Wilbur Ross said on Thursday.

U.S. awards AT&T contract to build emergency broadband network

6 hours 28 min ago
(Reuters) - The U.S. Department of Commerce on Thursday awarded a 25-year contract to AT&T Inc for the construction of a nationwide wireless broadband network to better equip first responders during emergencies.

Mester sees more Fed hikes as economy rebounds from first quarter

6 hours 40 min ago
(Reuters) - A Federal Reserve policymaker on Thursday repeated her call for further rate hikes and a trimming of the central bank's balance sheet later this year, as the U.S. economy is expected to rebound from what looks like a weak first quarter.

Ford hires 400 engineers, mostly in Canada, as cars go high tech

6 hours 46 min ago
SAN FRANCISCO (Reuters) - Ford Motor Co said on Thursday it was hiring 400 engineers, mostly in Canada, to work on connectivity software and hardware, part of a wider push to meet demand for more connected cars.

Wall St. opens little changed after GDP data

6 hours 53 min ago
(Reuters) - Wall Street opened little changed on Thursday as the upwardly revised fourth-quarter GDP growth rate underscored strength in the domestic economy.

After sale to Intel, Mobileye's founder raises sights on IPO for OrCam

6 hours 58 min ago
JERUSALEM (Reuters) - With the ink barely dry on the $15 billion sale of his autonomous driving technology firm Mobileye to Intel , inventive Israeli entrepreneur Amnon Shashua now has his sights set on taking another start-up public by the end of next year.

Fourth-quarter economic growth revised up to 2.1 percent

7 hours 34 min ago
WASHINGTON, March 30 (Reuters) - - U.S. economic growth slowed less than previously reported in the fourth quarter amid robust consumer spending that was partially met with a rise in imports.