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Updated: 44 min 43 sec ago

Caterpillar leans on old playbook to cope with Trump tariffs

1 hour 24 min ago
Six months into the U.S. tariffs on imported aluminum and steel, Caterpillar Inc is finding that one of the best ways it can protect profits is a cost cutting strategy that is more than two years old.

Fed's Powell between a rock and hard place: Ignore the yield curve or tight job market?

1 hour 36 min ago
Unemployment near a 20-year low screams at the U.S. Federal Reserve to raise interest rates or risk a too-hot economy. The bond market, not far from a state that typically precedes a recession, says not so fast.

Walmart warns Trump tariffs may force price hikes: letter

Thu, 09/20/2018 - 10:08pm
Walmart Inc said that it may hike prices of products if the Trump administration imposes a tariff on Chinese imports, according to a letter the company wrote to U.S. Trade Representative Robert Lighthizer two weeks ago and seen by Reuters on Thursday.

Facebook to drop on-site support for political campaigns

Thu, 09/20/2018 - 9:57pm
Facebook Inc said on Thursday that it would no longer dispatch employees to the offices of political campaigns to offer support ahead of elections, as it did with U.S. President Donald Trump in the 2016 race.

Asian stocks extend recovery as trade worries take back seat

Thu, 09/20/2018 - 9:16pm
Asian stocks extended gains on Friday after Wall Street's S&P 500 set a new all-time high, while the dollar slipped as investors viewed Beijing's and Washington's fresh exchange of import tariffs as less harmful than initially feared.

Walmart warns Trump tariffs may force price hikes: The Hill

Thu, 09/20/2018 - 8:08pm
Walmart Inc has issued a warning in a letter to U.S. Trade Representative Robert Lighthizer that it may have to raise prices due to tariffs on Chinese imports, CNN Money reported.

Tesla VP of global supply management resigns: Bloomberg

Thu, 09/20/2018 - 7:37pm
Tesla Inc's vice president of global supply management, Liam O'Connor, has resigned, Bloomberg reported https://www.bloomberg.com/news/articles/2018-09-20/tesla-is-said-to-lose-supply-management-chief-as-exodus-worsens, citing sources familiar with the matter.

NAFTA deal not yet in sight, Canada stands firm on auto tariffs

Thu, 09/20/2018 - 6:01pm
Canada and the United States showed scant sign on Thursday of closing a deal to revamp NAFTA, and Canadian officials made clear Washington needed to withdraw a threat of possible autos tariffs, sources said.

Industrials lead Dow to record high; tech boosts S&P, Nasdaq

Thu, 09/20/2018 - 5:44pm
Trade-sensitive industrial stocks led the Dow Jones Industrial Average to a record closing high on Thursday, the last of Wall Street's main indexes to fully regain ground since a correction that began in January. All three major U.S. indexes closed higher as trade worries subsided. Technology companies led the Nasdaq higher, along with the S&P 500, which also hit a new closing high.

American Airlines joins rivals in hiking U.S. baggage fees by five dollars

Thu, 09/20/2018 - 5:33pm
American Airlines Group Inc said on Thursday it would raise domestic U.S. baggage fees by $5, joining major rivals in the price hike amid higher fuel costs.

Adobe to buy marketing software firm Marketo for $4.75 billion

Thu, 09/20/2018 - 5:30pm
Adobe Systems Inc on Thursday agreed to buy Marketo Inc for $4.75 billion from private equity firm Vista Equity Partners Management, adding heft to its cloud-based digital marketing business.

Uber in talks to buy food delivery firm Deliveroo: Bloomberg

Thu, 09/20/2018 - 5:30pm
Ride-hailing company Uber Technologies Inc [UBER.UL] is in early talks to buy food delivery company Deliveroo, Bloomberg reported on Thursday, citing people familiar with the matter.

Barrett Business Services settles accounting fraud charges: SEC

Thu, 09/20/2018 - 5:08pm
The U.S. Securities and Exchange Commission said on Thursday that Barrett Business Services Inc and the company's former controller, Mark Cannon, have agreed to settle civil charges of accounting fraud involving workers' compensation.

NY court overturns $115 million patent judgment against Samsung

Thu, 09/20/2018 - 5:02pm
The New York State Court of Appeals on Thursday overturned a $115 million judgment against Samsung Electronics Co Ltd over television patents.

Barrett Business Services, ex-controller settle accounting fraud charges -SEC

Thu, 09/20/2018 - 4:47pm
The U.S. Securities and Exchange Commission said on Thursday that Barrett Business Services Inc and the company's former controller, Mark Cannon, have agreed to settle charges of accounting fraud involving workers' compensation expenses.

American Airlines hikes U.S. baggage fees by $5

Thu, 09/20/2018 - 4:45pm
American Airlines Group Inc said on Thursday it would raise the fee for a first checked bag by $5 to $30 and the second bag to $40.

Amazon adds Echo devices for home and car in bid to dominate voice gadgets

Thu, 09/20/2018 - 4:24pm
Amazon.com Inc on Thursday introduced a dozen new Echo speakers and related gadgets in a bid to stay ahead of rivals Apple Inc and Alphabet Inc's Google in the nascent category for voice-controlled devices.

Wall Street rises, Dow hits new high

Thu, 09/20/2018 - 4:07pm
The Dow Jones Industrial Average hit a record closing high on Thursday, the last of Wall Street's major indexes to fully regain ground after a correction that began in January.

NAFTA talks grind on, Canada quells talk of U.S. quota on autos

Thu, 09/20/2018 - 3:56pm
Canada and the United States showed scant sign of being close to striking a deal on revamping the trilateral NAFTA that underpins $1.2 trillion in annual trade, as Canadian sources played down talk of a U.S. quota on autos.

Wells Fargo to cut headcount by 5-10 percent in next 3 years

Thu, 09/20/2018 - 3:56pm
Wells Fargo & Co said on Thursday it would reduce its headcount by about 5 percent to 10 percent within the next three years as part of a turnaround plan.

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