Category Archives: Business News

(Reuters) – Wall Street stock indexes tumbled on Wednesday, on track for the biggest daily decline since April, and the sell-off intensified as the day wore on as rising U.S. Treasury yields and trade policy related worries sent investors fleeing for safety. Traders work on the floor of the New York Stock Exchange (NYSE) in […]

(Reuters) – At least two U.S. states are investigating a breach at Alphabet Inc’s Google that may have exposed private profile data of at least 500,000 users to hundreds of external developers. FILE PHOTO: A Google sign is seen during the WAIC (World Artificial Intelligence Conference) in Shanghai, China, September 17, 2018. REUTERS/Aly Song/File Photo […]

NEW YORK (Reuters) – A gauge of global equity markets fell on Monday amid unease over the impact of the escalating U.S.-Sino trade war on China’s growth, while the dollar gained versus the euro and Italian bond yields spiked on a spat over Italy’s budget plans. An investor watches a board showing stock information at […]

PARIS/MILAN (Reuters) – Top shareholder Vivendi (VIV.PA) reaffirmed its support for Telecom Italia’s (TIM) (TLIT.MI) Chief Executive Amos Genish, while accusing activist fund Elliott of running a “rumor campaign” to discredit him. Telecom Italia CEO Amos Genish gestures during a debate at the RAI state television headquarters in Rome, Italy November 10, 2017. REUTERS/Remo Casilli […]

(Reuters) – U.S. stocks tumbled on Friday, weighed down by rising Treasury yields after data showed job growth slowed in September, while wage increases were not enough to fan worries over rising inflation or faster interest rates hikes. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, […]

(Reuters) – A New York district court judge has asked Tesla Inc Chief Executive Officer Elon Musk and the U.S. Securities and Exchange Commission to provide a joint statement by Oct. 11, explaining why their settlement should be approved. FILE PHOTO: Tesla Chief Executive Elon Musk stands on the podium as he attends a forum […]

WARREN, Mich (Reuters) – Honda Motor Co Ltd (7267.T) will invest $2.75 billion in General Motors Co’s (GM.N) Cruise Automation, the second outside multibillion-dollar commitment to the self-driving vehicle unit this year and an affirmation of the U.S. automaker’s strategy for the emerging technology. Honda, which has lagged behind many of its rivals in developing […]

New York (Reuters) – Stocks were shaky around the globe and European assets sold off on Tuesday as anti-euro comments by an Italian lawmaker sent Italy’s bond yields to multi-year highs and optimism over an agreement to revamp a North American trade deal receded. The MSCI world equity index dipped 0.2 percent, paring Monday’s gains […]

(Reuters) – General Electric Co (GE.N) ousted Chief Executive Officer John Flannery in a surprise move on Monday, replacing him with outsider and board member Larry Culp, and said it would take a roughly $23-billion charge to write off goodwill in its power division, primarily from a large 2015 acquisition. The struggling energy, health and […]