Category Archives: Business News

MILAN/PARIS (Reuters) – Fiat Chrysler (FCA) boss Sergio Marchionne is to be replaced permanently at the helm of the global carmaker as well as Ferrari, after suffering serious complications from surgery, people with knowledge of the matter said on Saturday. FILE PHOTO: Fiat Chrysler Automobiles CEO Sergio Marchionne leaves at the end of a news […]

LUXEMBOURG (Reuters) – Police in Luxembourg have added two Tesla electric cars to their fleet, hoping that their rapid acceleration capacity will help them nab more criminals and speed offenders while also trimming the tiny country’s carbon emissions. A Tesla Model S car used as Grand Ducal’s police patrol car is pictured in Luxembourg July […]

LONDON (Reuters) – Senior British security officials say they can give only limited assurances that Chinese firm Huawei’s UK operations pose no threat to national security, downgrading their previous position, two people with knowledge of the matter told Reuters. FILE PHOTO: A man walks past a sign board of Huawei at CES (Consumer Electronics Show) […]

(Reuters) – The benchmark S&P 500 remained at five-month highs on Wednesday as a rise in financial and industrial stocks due to strong earnings from marquee companies were offset by a drop in technology stocks. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 16, […]

NEW YORK (Reuters) – JPMorgan Chase & Co has made a strategic investment in Volley.com, a San Francisco-based startup that uses artificial intelligence to help large enterprises automatically generate training content for employees, the companies said on Tuesday. FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in […]

NEW YORK (Reuters) – Oil prices slumped 4 percent on Monday, with Brent reaching a three-month low, as Libyan ports reopened and traders eyed potential supply increases by Russia and other producers. FILE PHOTO: A pump jack lifts oil out of a well, during a sandstorm in Midland, Texas, U.S., April 13, 2018. REUTERS/Ann Saphir/File […]

LONDON (Reuters) – Boeing Co (BA.N) is concerned about the impact of possible trade tariffs on the cost of running its supply chain, but has not yet seen any impact from U.S.-Chinese trade tensions on its business, Chief Executive Dennis Muilenburg said on Sunday. FILE PHOTO: President, Chairman and CEO of The Boeing Company Dennis […]

WASHINGTON (Reuters) – The U.S. House Judiciary Committee will hold a hearing on Tuesday to take testimony from Facebook Inc, Alphabet Inc’s YouTube unit and Twitter Inc on whether social media companies are filtering content for political reasons, the committee chairman said. FILE PHOTO: A 3D plastic representation of the Facebook logo is seen in […]

NEW YORK (Reuters) – The safe-haven U.S. dollar touched to a two-week high on Friday after data showed a record Chinese trade surplus, while Wall Street stocks were little changed on mixed bank earnings and gains in industrials. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July […]

WASHINGTON (Reuters) – U.S. consumer prices barely rose in June, but the underlying trend continued to point to a steady buildup of inflation pressures that could keep the Federal Reserve on a path of gradual interest rate increases. FILE PHOTO: People shop in Macy’s Herald Square in Manhattan, New York, U.S., November 23, 2017. REUTERS/Andrew […]