Archives

Powered by CMS Forex
free counters

Verizon close to announcing digital streaming deal with NFL: Bloomberg

(Reuters) – Verizon Communications Inc, no. 1 U.S. wireless carrier, is close to a new deal with the National Football League for digital streaming rights, Bloomberg reported, citing people familiar with the matter.

U.S. rejects Ford petition to delay recall of three million vehicles

WASHINGTON (Reuters) – The U.S. National Highway Traffic Safety Administration said on Friday it was rejecting a petition by Ford Motor Co to delay recalling about 3 million vehicles with potentially defective air bag inflators to conduct additional testing.

Business jets risk U.S. pilot shortage on competition from airlines

MONTREAL (Reuters) – Business jet operators, already offering double digit raises to attract pilots, could face a labor shortfall in North America as they compete with U.S. airlines for talent, executives and analysts said.

Buyers circle suddenly attractive U.S. media companies

WASHINGTON (Reuters) – All of a sudden, it seems, everybody wants to own a U.S. media company.

Despite Amazon, brick stores are not dead yet

NEW YORK (Reuters) – Just in time for the Black Friday kick-off to holiday season shopping, stock market investors have been handed tools to bet on the decline of brick-and-mortar retail.

Tesla’s unfettered ambition will drain finances: analysts

(Reuters) – Tesla Inc may have to ask creditors and shareholders for more capital to fund development of an electric semi truck, a new roadster and accelerated production of a high-volume electric sedan, analysts said on Friday.

Wall Street pulls back at week’s end with tax changes mulled

NEW YORK (Reuters) – Wall Street ended the week on a sour note on Friday, with major indexes slipping modestly as investors weighed the fate of the Republicans’ tax overhaul plan.

Apple pushes launch of HomePod smart speaker to early 2018

SAN FRANCISCO (Reuters) – Apple Inc has pushed the launch of its HomePod smart speaker to early next year from December, the company said on Friday, missing the holiday shopping season as the market for such devices becomes increasingly competitive.

Wall Street set to end week on whimper as tax changes mulled

NEW YORK (Reuters) – Wall Street was set to end the week on a muted note on Friday, with major indexes slipping modestly, as investors weighed the fate of the Republicans’ tax cut plan.

Volkswagen accelerates push into electric cars with $40 billion spending plan

WOLFSBURG/HAMBURG (Reuters) – Volkswagen approved a 34 billion euro ($40 bln) spending plan on Friday that accelerates its efforts to become a global leader in electric cars.

Nearly 2,000 Siemens employees protest against job cuts

BERLIN (Reuters) – Siemens employees protested in various German cities on Friday against the company’s proposal to cut 6,900 jobs, which a senior Siemens official said could be revised after negotiations with the union.

Fox shares rise on signs of more takeover interest

(Reuters) – Twenty-First Century Fox Inc shares were up 3 percent in trading on Friday after sources said both Comcast Corp and Verizon Communications Inc were interested in buying parts of its studio and TV operations.

Wall Street slips on worries over tax plan’s progress

(Reuters) – Wall Street indexes were under pressure on Friday as investors were skeptical about the Republicans’ efforts to pass the tax bill.

Reuters poll: Major U.S. tax cuts not likely this year – economists

BENGALURU (Reuters) – U.S. Republicans are not expected to push major tax cuts through Congress this year, according to a majority of economists in a Reuters poll, who in any case were skeptical that the legislation would provide a significant boost to the economy.

Volkswagen to spend over $40 billion on electric and self-driving cars

WOLFSBURG, Germany (Reuters) – Volkswagen’s leaders on Friday approved a five-year spending plan that aims to further the German automaker’s goal of transforming itself into a leading force in electric cars.

New $200,000 Tesla Roadster speeds in front of electric big-rig truck

HAWTHORNE, Calif. (Reuters) – Tesla Inc upstaged its own debut of an electric heavy duty truck on Thursday when a red Roadster pulled out of the big rig’s trailer and Chief Executive Elon Musk said the new $200,000 sports car would be the fastest production car ever.

Wall Street slips on doubts about tax plan’s progress

(Reuters) – Wall Street’s main indexes were on track to post small weekly losses on Friday as investors were skeptical about the Republicans’ efforts to pass the tax bill.

Tesla’s unfettered ambition to drain finances: analysts

(Reuters) – Tesla Inc will face further questions about how fast it is burning through its cash pile and how soon it will have to ask creditors and shareholders for more after it unveiled its latest electric vehicles.

Exclusive: Toshiba set to OK $5 billion injection Monday to stay listed-sources

TOKYO (Reuters) – Toshiba Corp will decide on Monday to raise some $5 billion from overseas investors, allowing the troubled conglomerate to remain a publicly traded company even if the sale of a key business is delayed, two people with direct knowledge of the process said.

Exclusive: Toshiba set to OK $5 billion injection on Monday to stay listed – sources

TOKYO (Reuters) – Toshiba Corp will decide on Monday to raise some $5 billion from overseas investors, allowing the troubled conglomerate remain a publicly traded company even if the sale of a key business is delayed, two people with direct knowledge of the process said.

Broadcom closes $5.5 billion Brocade deal

(Reuters) – Broadcom Ltd said on Friday it closed its acquisition of network gear maker Brocade Communications Systems Inc, giving it a larger share of the data center products market.

Wall St. slips as tech, financial stocks weigh

(Reuters) – Wall Street’s main indexes drifted lower on Friday, weighed down by losses in financial and technology stocks.

GE shares rise after CEO Flannery buys stock

(Reuters) – Shares of General Electric Co opened higher on Friday after Chief Executive John Flannery disclosed that he bought 60,000 shares of the industrial conglomerate’s stock.

Sports retail stocks jump after upbeat earnings

(Reuters) – Shares of sports retailers soared on better-than-expected earnings from Foot Locker Inc , Shoe Carnival Inc and Hibbett Sports Inc as the companies sold more premium shoes and cut stocks of low-margin ones.

Sports retail stocks jump after upbeat reports

(Reuters) – Shares of sports retailers soared on Friday after Foot Locker Inc , Shoe Carnival Inc and Hibbett Sports Inc reported better-than-expected quarterly profits.

Fox shares jump on signs of more takeover interest

(Reuters) – Twenty-First Century Fox Inc shares jumped 8 percent in premarket trading on Friday after sources said both Comcast Corp and Verizon Communications Inc were also interested in buying parts of its studio and TV operations.

Tesla’s unfettered ambition to strain finances but investors unfazed

(Reuters) – Investors shrugged off any concern over Tesla Inc over-stretching its production and financial resources with the unveiling of new futuristic semi-trucks and a pricey sports car, pushing its shares up almost 4 percent on Friday.

U.S. probes 415,000 Volkswagen vehicles for air bag problems

(Reuters) – The U.S. National Highway Traffic Safety Administration said Friday it is opening an investigation into potential air bag failure in 415,000 Volkswagen vehicles after the German automaker issued a recall for the same issue in 2015.

World stocks claw back losses but set for second weekly fall

LONDON (Reuters) – World stocks clawed back more losses on Friday after spending much of the week in the red, helped by signs of progress in U.S. tax reform and strong corporate results, though many hurdles remain to secure passage of a tax cut deal.

Fork talk lifts bitcoin to all-time high near $8,000

LONDON (Reuters) – Bitcoin hit an all-time high just below $8,000 on Friday, on talk that a software upgrade whose suspension sent the cryptocurrency into a tailspin at the end of last week was, after all, going ahead within hours.

Wireless carriers on mute as Supreme Court hears big privacy case

WASHINGTON (Reuters) – The U.S. Supreme Court is set to consider a major cellphone privacy case later this month, but leading players in the wireless industry that is at the center of the closely watched dispute are keeping their distance.

Analysts flee Wall Street with gallows humor as research changes loom

(Reuters) – Having covered financial stocks at big and small banks for more than two decades, David Hilder was accustomed to the ebb and flow of Wall Street job cuts and hiring sprees.

Japanese regulators raid Airbnb over suspected antitrust practices

TOKYO (Reuters) – Japanese fair trade regulators raided last month the offices of Airbnb Inc over suspected violations of antitrust laws, the home rental site said on Friday, denying any wrongdoing.

Ford to invest over 750 million euros in Valencia plant

MADRID (Reuters) – U.S. car manufacturer Ford announced on Friday it would invest more than 750 million euros ($885 million) in its Spanish plant in the eastern region of Valencia to produce the new model of its Kuga SUV.

Volkswagen board discusses 70 billion euro spending plan: source

FRANKFURT (Reuters) – Volkswagen’s supervisory board is discussing a five-year spending plan totaling more than 70 billion euros ($82.5 billion) to transform the group into a leader in electric cars, a person familiar with the talks told Reuters.

China faces waste hangover after Singles’ Day buying binge

SHANGHAI (Reuters) – China’s Singles’ Day online discount sales bonanza on Saturday saw bargain-hungry buyers spend over $38 billion, flooding the postal and courier businesses with around 331 million packages – and leaving an estimated 160,000 tonnes of packaging waste.

Nissan blames staff shortage for improper tests, plans more inspectors

YOKOHAMA (Reuters) – Nissan Motor Co Ltd on Friday blamed a staff shortage for improper final inspections at its car plants in Japan for over 20 years, and said it would increase the number of trained staff as part of a plan to improve compliance.

Nissan to brief on improper inspection issue at 0730 GMT

TOKYO (Reuters) – Nissan Motor Co Ltd said it would hold a news conference on Friday to provide an update on the investigation into improper final inspection procedures – an issue that has led to the recall of 1.2 million vehicles in Japan.

Asian shares gain, Mueller report hits dollar

TOKYO (Reuters) – Asian shares clawed back most of their weekly loss after rising firmly on Friday as strong Wall Street earnings and a step forward on U.S. tax reform brightened the mood, though many hurdles remain to secure passage of a tax cut deal.

GM’s Cadillac expects China sales to jump 60 percent in 2017

GUANGZHOU/BEIJING (Reuters) – General Motors’ Cadillac luxury brand expects its China sales to surge 60 percent in 2017, faster than it had projected at the start of the year, on strong demand from younger buyers, the brand’s country chief said.

Asian shares up on U.S. tax, earnings hopes; Mueller report hits dollar

TOKYO (Reuters) – Asian shares rose firmly on Friday as strong U.S. earnings and a step forward in Congress on U.S. tax reform brightened the mood, even though investors noted that many hurdles remain to passage of a deal on tax cuts.

Daimler to invest $755 million in China for electric car, battery production: executive

GUANGZHOU/BEIJING (Reuters) – Germany’s Daimler AG plans to invest 5 billion yuan ($755 million) in China for factory capacity to manufacture electric cars and the batteries that power them, part of an effort to help its Mercedes-Benz and Smart brands comply with the country’s green car production and sales quotas.

Tesla unveils electric big-rig truck in midst of Model 3 factory ‘hell’

HAWTHORNE, Calif. (Reuters) – Tesla Inc on Thursday unveiled a prototype electric big-rig truck that it will start producing in 2019, throwing itself into a new market even as it struggles to roll out an affordable sedan on which the company’s future depends.

Asian shares up on US tax, earnings hopes; Mueller report hits dollar

TOKYO (Reuters) – Asian shares rose firmly on Friday as strong U.S. earnings and a step forward in Congress on U.S. tax reform brightened the mood, even though investors noted that many hurdles remain to passage of a deal on tax cuts.

Toyota to consider selling locally developed EVs in China

GUANGZHOU/BEIJING (Reuters) – Toyota Motor said it would consider selling locally designed and manufactured all-electric vehicle models in China, as it looks to expand its EV lineup and comply with Beijing’s upcoming new-energy vehicle (NEV) production and sales quotas.