Category Archives: Business News

The sign outside the Jack in the Box is seen in Westminster, Colorado February 22, 2017. REUTERS/Rick Wilking (Reuters) – Jack in the Box Inc (JACK.O), a U.S. hamburger restaurant chain with more than 2,000 restaurants, is exploring options that could include a sale of the company after divesting its Qdoba brand earlier this year, […]

MILAN/NEW YORK (Reuters) – U.S. fund Pacific Investment Management Co (Pimco) has bought all of a $3 billion, five-year bond offered with a hefty return by Italy’s top bank UniCredit (CRDI.MI) to comply with capital buffer rules, two sources familiar with the matter said. Ticker and trading information for Pacific Investment Management Co. (PIMCO) are […]

FILE PHOTO – An Apple iphone 6 with Apple Pay is shown in this photo illustration in Encinitas , California June 3, 2015. REUTERS/Mike Blake NEW YORK (Reuters) – Mobile payment services such as Apple Pay could run into reimbursement problems in some instances, and fintech firms in general must be more sensitive to risks, […]

DETROIT (Reuters) – General Motors Co said on Monday it will cut production of slow-selling models and slash its North American workforce in the face of a declining market for traditional gas-powered sedans, shifting more investment to electric and autonomous vehicles. GM’s actions add up to the biggest restructuring for the U.S. No. 1 carmaker […]

PARIS (Reuters) – The United States and China have in the coming week what may be their last chance to broker a ceasefire in an increasingly dangerous trade war when their presidents meet in Buenos Aires. With global growth increasingly suffering from frictions between the two biggest economies, tensions will come to a head when […]

WASHINGTON/MEXICO CITY (Reuters) – The head of Russian oil company Rosneft (ROSN.MM), Igor Sechin, flew to Caracas this week to meet Venezuelan President Nicolas Maduro and complain over delayed oil shipments designed to repay loans, two sources briefed on the conversation said on Saturday. FILE PHOTO: Rosneft Chief Executive Igor Sechin attends the talks of […]

LONDON (Reuters) – Oil prices dipped on Thursday after U.S. inventories swelled to their highest level since December adding to concerns about a global crude glut but OPEC talk of an output cut limited losses. A maze of crude oil pipe and equipment is seen with the American and Texas flags flying in the background […]

NEW YORK (Reuters) – U.S. stocks rose on Wednesday after a brutal two-day selloff, led by a rebound in beaten-down internet, technology and energy shares ahead of the Thanksgiving holiday. Santa Claus pays a visit on the floor at the New York Stock Exchange (NYSE) in New York, U.S., November 21, 2018. REUTERS/Brendan Mcdermid The […]

FILE PHOTO – Jeffrey Gundlach, CEO of DoubleLine Capital LP, presents during the 2018 Sohn Investment Conference in New York City, U.S., April 23, 2018. REUTERS/Brendan McDermid NEW YORK (Reuters) – Jeffrey Gundlach, who runs DoubleLine Capital, said on Tuesday that investors should focus on capital preservation and avoid corporate bonds and Treasuries as inflationary […]