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Updated: 35 min 3 sec ago

Comcast, Charter partner for mobile services back-end software

Fri, 04/20/2018 - 11:46am
(Reuters) - Comcast Corp and Charter Communications Inc will partner to develop back-end software to support services for their Xfinity and Spectrum mobile offerings, the companies said on Friday.

GE profit tops estimates as cost-cutting kicks in

Fri, 04/20/2018 - 11:07am
(Reuters) - General Electric Co posted quarterly results that topped expectations on Friday, as earnings from aviation, healthcare and transportation offset weak power and oil-and-gas profits, sending shares sharply higher.

Wells Fargo agrees to pay $1 billion to settle customer abuses

Fri, 04/20/2018 - 10:51am
(Reuters) - Wells Fargo & Co has agreed to pay $1 billion to settle with U.S. regulators who said it abused customers in its auto and mortgage businesses, the bank and regulators said on Friday.

Wall Street slips on tech, oil weakness

Fri, 04/20/2018 - 10:22am
(Reuters) - U.S. stock indexes fell on Friday on weakness in technology stocks and as energy companies were hit by lower oil prices after President Donald Trump criticized OPEC for artificially high prices.

Nissan to cut hundreds of jobs at UK plant as diesel demand slides: source

Fri, 04/20/2018 - 9:47am
LONDON (Reuters) - Nissan will cut hundreds of jobs at its Sunderland plant, Britain's biggest automotive factory, as it tackles declining demand for diesel models across Europe, a source told Reuters on Friday.

Porsche's head of powertrain development arrested, source says

Fri, 04/20/2018 - 9:37am
HAMBURG (Reuters) - German police arrested the head of powertrain development at Volkswagen's Porsche business and are holding him on remand because he is considered a flight risk, a person familiar with the matter said on Friday.

Wall Street opens flat on tech, oil weakness

Fri, 04/20/2018 - 9:36am
(Reuters) - U.S. stock indexes opened flat on Friday, as strong earnings from industrials General Electric and Honeywell were offset by declines in technology stocks and oil price.

Air France launches new consultation with staff as pay talks stall

Fri, 04/20/2018 - 8:40am
PARIS (Reuters) - Air France said it was launching a new consultation period with staff members to seek an end to a strike dispute over pay that has so far cost it 220 million euros ($271 million).

U.S. companies upbeat about business in Germany: survey

Fri, 04/20/2018 - 8:35am
BERLIN (Reuters) - Some 82 percent of U.S. companies operating in Germany expect revenues to increase this year, a survey showed on Friday, despite a brewing trade conflict over the U.S. decision to impose tariffs steel and aluminum imports.

GE profit tops estimates, shares rise in 'relief rally'

Fri, 04/20/2018 - 8:31am
(Reuters) - General Electric Co posted quarterly results that topped expectations on Friday, as earnings from aviation, healthcare and transportation offset weak power and oil-and-gas profits, sending shares sharply higher in premarket trading.

GM Korea fails to reach wage deal, edging closer to bankruptcy filing

Fri, 04/20/2018 - 8:23am
SEOUL (Reuters) - General Motors' South Korean unit and its labor union failed to reach a wage deal by Friday, breaching a deadline set by the U.S. automaker to seek bankruptcy protection for the loss-making unit.

Boeing, Brazil's Embraer close to tie-up: report

Fri, 04/20/2018 - 8:10am
SAO PAULO (Reuters) - Talks aimed at a tie-up between planemakers Boeing Co and Embraer SA that also involve Brazil's government are at an advanced stage, O Estado de S. Paulo newspaper reported on Friday, citing unnamed sources.

Biogen boosts investment in neurology with $1 billion Ionis deal

Fri, 04/20/2018 - 8:04am
(Reuters) - U.S. drugmaker Biogen Inc rolled out part of its $37 billion investment warchest on Friday, signing a $1 billion deal that seeks to expand on the strength of an existing partnership with Ionis Pharmaceuticals Inc.

Futures inch higher after strong GE, Honeywell results

Fri, 04/20/2018 - 7:40am
(Reuters) - U.S. stock index futures nudged higher on Friday following strong earnings from industrial heavyweights General Electric and Honeywell.

South Korea's antitrust chief says expects change in Samsung governance 'in near future'

Fri, 04/20/2018 - 7:37am
SEOUL (Reuters) - South Korea's antitrust chief on Friday said he expects Samsung Group to unravel its governance structure in the near future, as the government and investors call for reform of the country's powerful family-controlled conglomerates, or chaebols.

GE's adjusted profit tops estimates, shares rise

Fri, 04/20/2018 - 7:32am
(Reuters) - General Electric Co said Friday that quarterly profit from continuing operations more than tripled, helped by strength in its aviation and healthcare businesses, and sending its shares sharply higher in premarket trading.

Schlumberger profit surges on higher oil prices

Fri, 04/20/2018 - 7:18am
(Reuters) - Oilfield services provider Schlumberger NV reported an 88 percent rise in quarterly profit on Friday as rising crude oil prices encouraged its North American clients to ramp up spending.

China trade body urges tighter corporate compliance after ZTE woes: document

Fri, 04/20/2018 - 6:54am
BEIJING (Reuters) - A state-backed Chinese trade body said compliance is now a core risk for Chinese firms and that the government must speed up the implementation of guidelines on corporate oversight following a U.S. ban on sales to ZTE Corp.

GE's profit from continuing operations surges

Fri, 04/20/2018 - 6:44am
(Reuters) - General Electric Co's quarterly profit from continuing operations more than tripled on Friday, helped by strength in its aviation and healthcare businesses.

Facebook to roll out political ad feature in time for German state vote

Fri, 04/20/2018 - 6:32am
BERLIN (Reuters) - Facebook said on Friday it would roll out a new feature designed to make political advertising more transparent in time for a key German regional election, as it seeks to restore trust after a massive data breach.

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