Business RSS

-A A +A
Subscribe to Business RSS feed Business RSS
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
Updated: 28 min 38 sec ago

FTC makes second request on Broadcom's bid for Qualcomm

Fri, 01/19/2018 - 5:18pm
(Reuters) - The U.S. Federal Trade Commission has made a second request for information on chipmaker Broadcom Ltd's $103 billion hostile bid for Qualcomm Inc , Broadcom said in a statement on Friday, a move that could indicate heightened antitrust scrutiny.

Parent company of 7-Eleven agrees to divest some U.S. stores in Sunoco deal

Fri, 01/19/2018 - 5:01pm
WASHINGTON (Reuters) - Seven & i Holdings Co Ltd , the Tokyo-based parent company of the 7-Eleven network of stores, agreed to sell and divest some fuel outlets in its proposed $3.3 billion acquisition of 1,100 Sunoco LP outlets, the U.S. Federal Trade Commission said Friday.

Judge overseeing AT&T, Time Warner merger trial hears document dispute

Fri, 01/19/2018 - 4:59pm
WASHINGTON (Reuters) - AT&T , owner of DirecTV, is asking for documents from a long list of companies as part of preparation for a trial to determine if they will be allowed to buy movie and TV show maker Time Warner , their lawyer Daniel Petrocelli said in a pre-trial hearing on Friday.

Archer Daniels has made takeover approach to Bunge: WSJ

Fri, 01/19/2018 - 4:36pm
(Reuters) - Agricultural trader Archer Daniels Midland Co made a takeover approach to rival Bunge Ltd , the Wall Street Journal reported on Friday, citing people familiar with the matter. http://on.wsj.com/2mSY8L0

GE shares stumble to worst week since financial crisis

Fri, 01/19/2018 - 4:27pm
NEW YORK (Reuters) - General Electric shares tumbled for a fifth straight session on Friday, sending the stock to its biggest weekly percentage drop since the financial crisis, after the company flagged a possible breakup and more than $11 billion in charges earlier in the week.

Wall Street ends higher despite government shutdown threat

Fri, 01/19/2018 - 4:27pm
NEW YORK (Reuters) - Wall Street rose on Friday, led by gains in consumer stocks, even as a possible government shutdown loomed.

Fed's Quarles details steps to ease rules from Volcker to stress tests

Fri, 01/19/2018 - 4:03pm
WASHINGTON (Reuters) - A top bank regulator at the U.S. Federal Reserve is planning several imminent changes that Wall Street has wanted involving capital rules, proprietary trading and a process known as "living wills" that aims to prevent taxpayer bailouts.

Delaware sues opioid manufacturers, distributors over epidemic

Fri, 01/19/2018 - 3:54pm
(Reuters) - Delaware on Friday became the latest state to file a lawsuit accusing corporations of helping fuel the national opioid epidemic, suing a wide range of companies involved in making, distributing and selling prescription painkillers.

S&P, Nasdaq hit records, Dow muted as government shutdown looms

Fri, 01/19/2018 - 3:34pm
NEW YORK (Reuters) - The S&P 500 and the Nasdaq rose on Friday, led by gains in consumer stocks and hitting intraday highs, even as a possible government shutdown loomed.

FTC set to make second request on Broadcom's bid for Qualcomm: sources

Fri, 01/19/2018 - 3:29pm
(Reuters) - The U.S. Federal Trade Commission is set to make a second request for information on chipmaker Broadcom Ltd's $103 billion hostile bid for Qualcomm Inc , people familiar with the matter said on Friday, indicating heightened antitrust scrutiny.

Fed's Quarles says regulators have begun work to 'streamline' Volcker Rule

Fri, 01/19/2018 - 2:21pm
WASHINGTON (Reuters) - U.S. financial regulators have begun work on a proposal to "streamline" the Volcker Rule banning banks from making risky bets with their own money, the country's top banking regulator said on Friday, in a development that will be cheered by banks that have long complained the rule is too onerous.

Nike at two-year high as analysts tout margin benefits of direct sales

Fri, 01/19/2018 - 2:02pm
(Reuters) - Nike Inc's shares surged to a two-year high on Friday after two Wall Street brokerages said the footwear maker's profitability would soon reap the benefits of its recent move to sell directly to consumers.

U.S. regulators have begun work to 'streamline' Volcker Rule: Fed official

Fri, 01/19/2018 - 1:19pm
WASHINGTON (Reuters) - U.S. financial regulators have begun work to "streamline" the Volcker Rule banning banks from making risky bets with their own money, the country's top banking regulator said on Friday.

General Electric shares drop for fifth straight session

Fri, 01/19/2018 - 1:17pm
NEW YORK (Reuters) - General Electric shares tumbled for a fifth straight session on Friday, flirting with their biggest weekly percentage drop since the financial crisis, after the company flagged a possible breakup and more than $11 billion in charges earlier in the week.

S&P lifted by consumer stocks, IBM weighs on Dow

Fri, 01/19/2018 - 1:15pm
(Reuters) - The S&P 500 and the Nasdaq edged higher on Friday following positive brokerage recommendations on a bunch of consumer names, but the Dow was reined in by losses in IBM.

Possible U.S. shutdown won't affect U.S.'s AAA-rating: Fitch

Fri, 01/19/2018 - 1:03pm
NEW YORK (Reuters) - Fitch Ratings said on Friday its top AAA debt rating for the United States would not be directly impacted by a possible federal shutdown, which will begin on Saturday if lawmakers fail to clinch a deal to fund the government.

Gains in consumer stocks prop up S&P, Nasdaq

Fri, 01/19/2018 - 11:40am
(Reuters) - The S&P 500 and the Nasdaq were prodded higher by gains in consumer stocks, while investors played down fears of a looming U.S. government shutdown.

Lowe's nominates directors after 'constructive' talks with D.E. Shaw

Fri, 01/19/2018 - 11:32am
(Reuters) - Home improvement chain Lowe's Cos Inc said it has nominated two independent board members and plans to add a third following "constructive" talks with hedge fund D.E. Shaw Group, which has taken an activist stake, sending shares up 3 percent on Friday.

En route to Davos, Macron makes Versailles the place to be

Fri, 01/19/2018 - 10:31am
PARIS (Reuters) - French President Emmanuel Macron will host dozens of the world's most powerful business executives at the gilded Palace of Versailles to pitch France Inc before the global elite's annual gathering at Davos.

In sign of times, luxury watchmaker Audemars embraces second-hand

Fri, 01/19/2018 - 10:14am
GENEVA (Reuters) - Swiss luxury watchmaker Audemars Piguet said it would launch a second-hand business this year, becoming the first big brand to announce plans to tap into a fast-growing market for pre-owned premium watches.

Pages