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Updated: 27 min 13 sec ago

Mitsubishi recalls 16,515 cars in Russia: Rosstandart

Fri, 01/12/2018 - 4:02am
MOSCOW (Reuters) - Russia's standards agency Rosstandart said on Friday it had been informed about the recall of 16,515 Mitsubishi cars sold in Russia between April 2013 and February 2016.

China demands public apology from Delta for listing Taiwan, Tibet as countries

Fri, 01/12/2018 - 3:41am
SHANGHAI (Reuters) - China's aviation authority on Friday said it had asked Delta Air Lines to investigate why Taiwan and Tibet were listed as countries on its website, and demanded an "immediate and public" apology.

Explainer: Investors to scour outlooks for U.S. companies' tax cut plans

Fri, 01/12/2018 - 1:11am
NEW YORK (Reuters) - Corporate results for 2017's final quarter will start pouring in next week and are expected to be laden with one-time charges as U.S. companies begin to cope with tax code changes, including a one-time tax on trillions of dollars in profits held overseas.

Investors green-light infrastructure trade, but expect road bumps

Fri, 01/12/2018 - 1:06am
NEW YORK (Reuters) - Volatility awaits shares of U.S. construction, engineering, building materials and other companies tied to infrastructure spending, but steel-nerved investors could be poised for gains if they weather a few bumps.

No pedal to the metal in GM's planned self-driving Cruise AV car

Fri, 01/12/2018 - 12:06am
DETROIT (Reuters) - General Motors Co is seeking U.S. government approval for a fully autonomous car - one without a steering wheel, brake pedal or accelerator pedal - to enter the automaker's first commercial ride-sharing fleet in 2019, executives said.

Chinese bitcoin miners eye sites in energy-rich Canada

Thu, 01/11/2018 - 11:21pm
MONTREAL/SHANGHAI (Reuters) - China's Bitmain Technologies is eyeing bitcoin mining sites in Quebec, a company spokesman told Reuters, as expectations of a potential Chinese crackdown on cryptocurrency mining make the energy-rich Canadian province an attractive alternative.

Stocks resume ascent on earnings hopes, euro gets lift from ECB

Thu, 01/11/2018 - 10:05pm
TOKYO (Reuters) - Asian stocks resumed their ascent on Friday, supported by U.S. earnings optimism and a rise in oil prices while the euro edged higher as the European Central Bank signaled an end to its massive stimulus.

Global stocks resume ascent on earnings hopes, euro gets lift from ECB

Thu, 01/11/2018 - 8:17pm
TOKYO (Reuters) - Asian stocks resumed their ascent on Friday, supported by U.S. earnings optimism and a rise in oil prices while the euro edged higher as the European Central Bank signalled an end to its massive stimulus.

Facebook, Alphabet shifted in sector classification system

Thu, 01/11/2018 - 7:40pm
SAN FRANCISCO (Reuters) - S&P Dow Jones Indices and MSCI said on Thursday they would rename their Telecommunication Services Sector and add Comcast Corp, Netflix, Facebook and Alphabet to the newly broadened category.

FCC pauses review of Sinclair's plan to buy Tribune Media Co

Thu, 01/11/2018 - 7:05pm
WASHINGTON (Reuters) - The Federal Communications Commission said on Thursday that it was pausing its review of Sinclair Broadcast Group Inc's plan to buy Tribune Media Company .

Corporations may dodge billions in U.S. taxes through new loophole: experts

Thu, 01/11/2018 - 6:53pm
WASHINGTON (Reuters) - A loophole in the new U.S. tax law could allow multinational corporations like Apple Inc to avoid paying billions of dollars in taxes on profits stashed overseas, according to experts.

Fiat Chrysler to invest $1 billion in Michigan plant, add 2,500 jobs

Thu, 01/11/2018 - 6:46pm
DETROIT (Reuters) - Fiat Chrysler Automobiles said on Thursday it will shift production of Ram heavy-duty pickup trucks from Mexico to Michigan in 2020, a move the automaker said was enabled "by the passage of U.S. tax reform legislation" in December.

Peter Thiel submits bid for Gawker, faces challenges

Thu, 01/11/2018 - 4:36pm
NEW YORK (Reuters) - Venture capitalist Peter Thiel has made an offer for Gawker, hoping to overcome legal hurdles and rival bidders for the online news site the billionaire helped shutter by funding litigation against it, people familiar with the matter said on Thursday.

Berkshire energy unit names CEO to replace potential Buffett successor

Thu, 01/11/2018 - 4:32pm
(Reuters) - Berkshire Hathaway Inc's energy unit on Thursday named William Fehrman as its new chief executive to replace Gregory Abel, who was promoted a day earlier to oversee more Berkshire units, and potentially succeed Warren Buffett.

Walmart hikes minimum wage, announces layoffs on same day

Thu, 01/11/2018 - 4:12pm
NEW YORK (Reuters) - Walmart will raise entry-level wages for U.S. hourly employees to $11 an hour in February as it benefits from last month's major overhaul of the U.S. tax code and competes for low wage workers in a tight labor market.

More layoffs at Indiana factory Trump made deal to keep open

Thu, 01/11/2018 - 3:40pm
INDIANAPOLIS (Reuters) - More than 200 workers clocked in for their final shifts on Thursday at Carrier Corp. in Indianapolis in the latest round of layoffs at a plant President Donald Trump toured in December 2016 to trumpet a deal to save jobs and prevent its closure.

Wall St. rises with oil prices, earnings optimism

Thu, 01/11/2018 - 3:26pm
(Reuters) - Wall Street surged to record highs on Thursday as rising oil prices lifted energy stocks and investors bet on a strong U.S. corporate earnings season.

Luxury group Kering to spin off Puma to its own shareholders

Thu, 01/11/2018 - 2:36pm
FRANKFURT/LONDON (Reuters) - Gucci-owner Kering plans to spin off German sports brand Puma to the French conglomerate's shareholders to focus squarely on its luxury brands.

Wal-Mart's Sam's Club to shut some stores after review

Thu, 01/11/2018 - 2:10pm
(Reuters) - Sam's Club, a unit of Wal-Mart Stores Inc , said it had closed a series of stores following a review, the membership-only store chain said in a tweet on Thursday.

Ford urges 2,900 pickup owners to stop driving after new Takata death

Thu, 01/11/2018 - 1:56pm
WASHINGTON (Reuters) - Ford Motor Co said on Thursday it had confirmed a second death in an older pickup truck caused by a defective Takata airbag inflator and urged 2,900 owners in North America to stop driving immediately until they can get replacement parts.