Category Archives: Business News

(Reuters) – General Electric Co (GE.N) shook up its ailing power business again on Monday, naming a CEO for its new gas-power division and bringing a veteran GE executive back from retirement to help. FILE PHOTO: The General Electric logo is pictured on the General Electric offshore wind turbine plant in Montoir-de-Bretagne, near Saint-Nazaire, western […]

LONDON (Reuters) – Brexit will be foremost in investors’ minds in the coming week, though a smattering of data will offer further indications as to how much global economic growth, bogged down by politics and trade wars, is slowing. British Prime Minister Theresa May is fighting for her political life after the draft divorce deal […]

NEW YORK (Reuters) – The S&P 500 and Dow Industrials rose on Friday after President Donald Trump said the United States may not have to impose further tariffs on Chinese goods, but falling shares of Nvidia Corp (NVDA.O) dragged down the Nasdaq. All three indexes had been lower in early trade as an underwhelming outlook […]

NEW YORK (Reuters) – The S&P 500 and Dow Industrials rose on Friday after President Donald Trump said the United States may not have to impose further tariffs on Chinese goods. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., November 7, 2018. REUTERS/Brendan McDermid All three indexes […]

FILE PHOTO – U.S. Trade Representative Robert Lighthizer gestures as he testifies before Senate Appropriations Commerce, Justice, Science, and Related Agencies Subcommittee hearing on the proposed budget estimates and justification for FY2019 for the Office of the United States Trade Representative, at the Dirksen Senate Office Building in Washington, U.S., July 26, 2018. REUTERS/Mary F. […]

SAN FRANCISCO/WASHINGTON (Reuters) – Amazon.com Inc (AMZN.O) picked America’s financial and political capitals for its split new headquarters, saying on Tuesday it will build offices for more than 25,000 people each in New York City and close by Washington, D.C. The world’s largest online retailer plans to spend $5 billion on the two new developments […]

NEW YORK (Reuters) – Wall Street’s major indexes fell on Monday, with the S&P 500 weighed by technology and financial stocks as shares of Apple Inc (AAPL.O) and Goldman Sachs Group Inc (GS.N) came under pressure. A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November […]

WASHINGTON (Reuters) – When Democrats take control of the U.S. House they plan to investigate the Trump administration’s attempt to block AT&T Inc (T.N) from acquiring Time Warner, and whether officials sought to punish Amazon.com Inc (AMZN.O) by prodding the U.S. Post Office to hike shipping prices for the world’s largest e-commerce company, a senior […]

A statue of the China International Import Expo (CIIE)’s mascot is placed in front of a building hanging advertisement of Bank of China, at the venue for the expo in Shanghai, China November 2, 2018. Picture taken November 2, 2018. REUTERS/Stringer SHANGHAI (Reuters) – Around $57.83 billion worth of deals were agreed for the year […]