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Updated: 37 min 10 sec ago

Apple, Philip Morris, chips lead slide on Wall Street

Thu, 04/19/2018 - 1:24pm
(Reuters) - U.S. stocks fell on Thursday, as technology stocks from Apple to chipmakers declined following a weak forecast on smartphone demand, while a sharp drop in Philip Morris's shares after results weighed on the consumer staples sector.

Nike's vice president of Express Lane Footwear leaves company

Thu, 04/19/2018 - 1:22pm
Nike Inc's vice president of Express Lane Footwear, Greg Thompson, has left the company, a company spokesman said on Wednesday, the latest in a string of executive departures at the sportswear maker.

Peugeot boss faces toughest adversary yet in IG Metall

Thu, 04/19/2018 - 1:01pm
PARIS/FRANKFURT (Reuters) - PSA Group boss Carlos Tavares, whose career has seen him thrash out margin-boosting labor deals for two carmakers in several countries, is now taking on Germany's IG Metall union, which has been the undoing of many a cost cutter.

BlackRock wants regulators to address unequal voting rights

Thu, 04/19/2018 - 12:27pm
BOSTON (Reuters) - BlackRock Inc on Thursday called on securities regulators to set international standards for shareholder voting rights, suggesting they resolve one of the thorniest debates in corporate governance.

Trump launches effort to boost U.S. weapons sales abroad

Thu, 04/19/2018 - 12:12pm
WASHINGTON (Reuters) - The Trump administration rolled out a long-awaited overhaul of U.S. arms export policy on Thursday aimed at expanding sales to allies, saying it will bolster the American defense industry and create jobs at home.

European utilities retrench as cross-border deals lose appeal

Thu, 04/19/2018 - 12:09pm
PARIS/FRANKFURT (Reuters) - European utility companies are retrenching in their home markets and looking to unwind debt-financed cross-border mergers deals as increasingly nationalist governments balk at foreign ownership of strategic power supplies.

TSMC's smartphone warning points squarely at Apple: analysts

Thu, 04/19/2018 - 12:02pm
(Reuters) - Shares in Apple Inc and its suppliers fell on Thursday after a raft of analysts read a prediction of softer smartphone sales from Taiwan Semiconductor Manufacturing Co Ltd as driven chiefly by concern about demand for iPhones.

Apple, Philip Morris, chip stocks lead Wall Street slide

Thu, 04/19/2018 - 11:43am
(Reuters) - U.S. stocks dropped on Thursday, weighed down by a broad-based decline in technology stocks from Apple to chipmakers as well as a tumble in consumer staples such as Philip Morris and P&G.

GM Korea, union fail to reach agreement before Friday deadline

Thu, 04/19/2018 - 11:15am
SEOUL (Reuters) - Wage talks between General Motors' South Korean unit and its labor union ended without an agreement on Thursday, a day before the deadline the company had set for filing for bankruptcy.

Allergan moves in as Shire rebuffs $63 billion Takeda bid: sources

Thu, 04/19/2018 - 10:18am
NEW YORK/LONDON (Reuters) - Drugmaker Shire has rejected a third takeover bid worth nearly $63 billion from Japan's Takeda Pharmaceutical , although talks are continuing, while sources said Allergan was also in competing negotiations.

The great Russian oil game in Iraqi Kurdistan

Thu, 04/19/2018 - 10:12am
LONDON (Reuters) - Last October, at the height of a political crisis in Iraq's Kurdistan region, a letter arrived at the Iraqi oil ministry in Baghdad from Igor Sechin, head of Kremlin oil major Rosneft .

Apple, P&G and chip stocks lead Wall Street lower

Thu, 04/19/2018 - 10:12am
(Reuters) - Wall Street slid on Thursday morning, weighed down by a broad-based slump in technology stocks from Apple to chipmakers as well as a tumble in consumer staples such as Procter & Gamble.

Exclusive: Allergan in talks to acquire Shire, competing against Takeda - sources

Thu, 04/19/2018 - 10:10am
(Reuters) - Botox maker Allergan Plc is in talks to acquire Shire Plc, competing against Japan's Takeda Pharmaceutical Co Ltd for the London-listed drugmaker, two sources familiar with the matter said on Thursday.

ZTE woes may boost network rivals Ericsson and Nokia

Thu, 04/19/2018 - 9:55am
STOCKHOLM/LONDON (Reuters) - Investors are warming to beleaguered mobile network makers Ericsson and Nokia as they begin to recover ahead of a once-a-decade uplift from a new business cycle and an unexpected boost from a U.S. ban on exports to low-cost Chinese rival ZTE.

Wall Street opens lower as chip stocks, Apple drag

Thu, 04/19/2018 - 9:47am
(Reuters) - The benchmark S&P 500 index and the Nasdaq opened lower after three days of gains on Thursday as technology stocks took a beating from Apple's decline and weakness in chipmakers.

P&G earnings beat as struggling retailers, costs eat into margins

Thu, 04/19/2018 - 9:30am
(Reuters) - The world's largest consumer goods maker Procter & Gamble Co narrowly beat quarterly earnings expectations on Thursday, saying shrinking retailer inventories and higher commodities and transportation costs squeezed margins.

Takeda in talks with Shire after $61 billion bid rejected

Thu, 04/19/2018 - 9:27am
LONDON/NEW YORK (Reuters) - Japan's Takeda Pharmaceutical is in negotiations with Shire after making a third takeover bid worth around $61 billion that was rejected by the London-listed rare diseases drugmaker.

Venture capital firm Fort Ross aims to bring more U.S. startups to Russia

Thu, 04/19/2018 - 8:45am
SAN FRANCISCO (Reuters) - A venture capital firm aiming to bring more U.S. startups to Russia has raised a $200 million fund, hoping to use the fresh pool of money to help Silicon Valley companies deliver their services to Russia's biggest corporations and its millions of internet-connected consumers.

Exclusive: China looks to speed up chip plans as U.S. trade tensions boil - sources

Thu, 04/19/2018 - 8:36am
BEIJING (Reuters) - China is looking to accelerate plans to develop its domestic semiconductor market amid a fierce trade stand-off with the United States and a U.S. ban on sales to Chinese phone maker ZTE that has underscored the country's reliance on imported chips.

Daimler open to buying small stake in Volvo cars: Manager Magazin

Thu, 04/19/2018 - 8:17am
FRANKFURT (Reuters) - Daimler is open to supplying Volvo with engines and could even take a small stake in the Swedish carmaker, Manager Magazin said, raising the possibility of increased cooperation between Mercedes-Benz and China's Geely [GEELY.UL].