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Business

Factbox: New BHP CEO Henry to drive efficiencies, focus on social license

November 14, 2019 - by admin - Leave a Comment

BHP’s top leadership announce the appointment of Mike Henry as its new Chief Executive from January 1, 2020, at a news conference at BHP’s Melbourne headquarters, Australia November 14, 2019. …

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Business

MetLife sued for gender discrimination by ex-chief administrative officer

November 13, 2019 - by admin - Leave a Comment

NEW YORK (Reuters) – MetLife Inc (MET.N) was sued for gender discrimination on Wednesday by a female former senior vice president who said she was underpaid, called a “bitch” and …

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Business

Russia to cut share of U.S. dollar in National Wealth Fund, mulls other currencies

November 13, 2019 - by admin - Leave a Comment

MOSCOW (Reuters) – Russia will reduce the share of the U.S. dollar in its National Wealth Fund and is considering investing in other foreign currencies including the Chinese yuan, Deputy …

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Business

Regulators begin probe into Google-Ascension cloud computing deal: WSJ

November 13, 2019 - by admin - Leave a Comment

FILE PHOTO: A sign is pictured outs a Google office near the company’s headquarters in Mountain View, California, U.S., May 8, 2019. REUTERS/Dave Paresh/File Photo/File Photo (Reuters) – A U.S. …

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Business

Fed’s Harker says he opposed last rate cut, thinks rates should stay put

November 12, 2019 - by admin - Leave a Comment

FILE PHOTO: U.S. Federal Reserve Chair Janet L. Yellen participates in a roundtable discussion with Federal Reserve Bank of Philadelphia President Patrick Harker and members of the West Philadelphia Skills …

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Business

Markets hope for positive signs from Trump trade speech

November 12, 2019 - by admin - Leave a Comment

NEW YORK (Reuters) – U.S. President Donald Trump is scheduled to discuss the country’s trade policy at the Economic Club of New York on Tuesday, and the markets are likely …

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Business

Exclusive: Huawei in early talks with U.S. firms to license 5G platform – Huawei executive

October 19, 2019 - by admin - Leave a Comment

WASHINGTON (Reuters) – Blacklisted Chinese telecoms equipment giant Huawei is in early-stage talks with some U.S. telecoms companies about licensing its 5G network technology to them, a Huawei executive told …

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Business

Johnson & Johnson to recall some baby powder as FDA finds traces of asbestos

October 18, 2019 - by admin - Leave a Comment

(Reuters) – Johnson & Johnson (JNJ.N) said on Friday it is recalling around 33,000 bottles of baby powder in the United States after U.S. health regulators found trace amounts of …

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Business

Renault shares plunge as profit warning deepens its problems

October 18, 2019 - by admin - Leave a Comment

PARIS (Reuters) – A hefty profit warning sent Renault (RENA.PA) shares tumbling as much as 15% on Friday, capping a miserable year for the French carmaker following the arrest of …

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Business

Judge summons drug company CEOs to discuss opioid settlement: source

October 18, 2019 - by admin - Leave a Comment

(Reuters) – The chief executives of the three largest U.S. drug distributors and a drugmaker have been summoned to appear before a federal judge to discuss a proposal to resolve …

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Business

Morgan Stanley executives offer cautious outlook after profit beat

October 17, 2019 - by admin - Leave a Comment

(Reuters) – Morgan Stanley (MS.N) reported a higher-than-expected profit on Thursday, bolstered by strength in bond trading and M&A advisory, but executives were careful not to sound too optimistic about …

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Business

‘Not the best owners’: UK’s Domino’s to exit foreign markets

October 17, 2019 - by admin - Leave a Comment

(Reuters) – Domino’s Pizza Group Plc (DOM.L), Britain’s biggest pizza delivery company, on Thursday said it would quit its loss-making international operations, sending shares higher in early trade. FILE PHOTO: …

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Business

Netflix shares jump as subscribers grow ahead of Disney, Apple attack

October 17, 2019 - by admin - Leave a Comment

(Reuters) – Netflix Inc (NFLX.O) added slightly more paying subscribers than Wall Street expected in the third quarter, a relief to investors who had worried the company might fall short …

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Business

Abbott revenue misses as heart devices eclipse diabetes gains

October 16, 2019 - by admin - Leave a Comment

(Reuters) – Abbott Laboratories (ABT.N) fell just short of Wall Street estimates for quarterly revenue on Wednesday, as weakness in the medical device maker’s cardiovascular business overshadowed strong performance in …

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Business

France, Germany at odds over pace of response to global slowdown

September 19, 2019 - by admin - Leave a Comment

French Finance Minister Bruno Le Maire attends a joint news conference after a meeting in Paris, France, September 19, 2019. REUTERS/Gonzalo Fuentes PARIS (Reuters) – France and Germany are agreed …

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Business

Toyota to expand plant in Brazil’s Sao Paulo state, joining Volkswagen, GM

September 19, 2019 - by admin - Leave a Comment

FILE PHOTO: The Toyota logo is shown at the Los Angeles Auto Show in Los Angeles, California, U.S., November 30, 2017. REUTERS/Mike Blake/File Photo SAO PAULO (Reuters) – Toyota Motor …

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Business

‘Alexa, send $20 to my favorite presidential candidate’

September 18, 2019 - by admin - Leave a Comment

WASHINGTON (Reuters) – Amazon (AMZN.O) said on Wednesday it will make donating to a U.S. presidential candidate as easy as turning on the lights or replenishing a household’s toilet-paper stocks, …

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Business

Explainer: The Fed has a repo problem. What’s that?

September 18, 2019 - by admin - Leave a Comment

(Reuters) – As if the U.S. Federal Reserve didn’t already have enough on its plate heading into its meeting on interest rates this week, chaos deep inside the plumbing of …

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Business

Exclusive: Where’s the beef? Argentine ranchers hope more is headed for China

September 18, 2019 - by admin - Leave a Comment

BUENOS AIRES/BEIJING (Reuters) – Cattle ranchers in Argentina, which recently edged out neighbor Brazil as the top exporter of beef to China, are hoping to build on that status by …

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Business

Adobe fourth-quarter revenue forecast disappoints; shares drop

September 17, 2019 - by admin - Leave a Comment

FILE PHOTO: An Adobe Systems Inc software box is seen in Los Angeles, California, U.S., March 13, 2017. REUTERS/Lucy Nicholson/File Photo (Reuters) – Adobe Inc (ADBE.O) on Tuesday forecast fourth-quarter …

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Business

Apple says $14 billion EU tax order ‘defies reality and common sense’

September 17, 2019 - by admin - Leave a Comment

LUXEMBOURG (Reuters) – The European Union’s order for Apple (AAPL.O) to pay 13 billion euros ($14 billion) in back taxes to Ireland “defies reality and common sense,” the U.S. company …

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Business

Oil falls but prices still elevated after attacks on Saudi facilities

September 17, 2019 - by admin - Leave a Comment

TOKYO (Reuters) – Oil fell more than 1% on Tuesday as the market hung on tenterhooks over the threat of a military response to attacks on Saudi Arabian crude oil …

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Business

Oil soars after attack on Saudi facilities, stocks dip

September 16, 2019 - by admin - Leave a Comment

NEW YORK (Reuters) – Oil prices soared on Monday after attacks on crude facilities in Saudi Arabia cut the kingdom’s production in half and sparked worries over the impact of …

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Business

Oil soars, stocks dip after Saudi supply shock

September 16, 2019 - by admin - Leave a Comment

MILAN (Reuters) – Oil prices hit four-month highs on Monday after attacks on crude facilities in Saudi Arabia fueled worries over the impact of an oil shock on economic growth, …

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Business

OxyContin maker Purdue Pharma files for bankruptcy protection

September 16, 2019 - by admin - Leave a Comment

NEW YORK (Reuters) – OxyContin maker Purdue Pharma LP filed for bankruptcy protection in New York Sunday night, succumbing to pressure from more than 2,000 lawsuits alleging the company helped …

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Business

Embraer delivers new jet that Boeing may soon sell against Airbus

September 12, 2019 - by admin - Leave a Comment

SAO JOSE DOS CAMPOS, Brazil (Reuters) – Embraer (EMBR3.SA) hopes to see more orders for its newest passenger plane by the end of the year, an executive said on Thursday, …

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Business

AB InBev set to revive Budweiser Asia IPO with $5 billion float: sources

September 12, 2019 - by admin - Leave a Comment

FILE PHOTO: Portfolio beer brands of Budweiser Brewing Company APAC Ltd are displayed during a news conference on the company’s IPO in Hong Kong, China July 4, 2019. REUTERS/Andrew Geoffrey …

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Business

Purdue Pharma reaches tentative opioid settlement with some: sources

September 12, 2019 - by admin - Leave a Comment

NEW YORK (Reuters) – OxyContin maker Purdue Pharma LP reached a tentative agreement with some plaintiffs to resolve litigation over its alleged role in fueling the U.S. opioid crisis and …

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Business

Exclusive: Purdue Pharma nears partial opioid settlement, bankruptcy filing – sources

September 11, 2019 - by admin - Leave a Comment

NEW YORK (Reuters) – OxyContin maker Purdue Pharma LP is nearing a partial agreement to resolve widespread litigation over its alleged role in fueling the U.S. opioid crisis and plans …

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Business

Airbus orders visual checks on some helicopter models after fatal Norway crash

September 11, 2019 - by admin - Leave a Comment

OSLO (Reuters) – Airbus has ordered checks on three types of helicopters following a fatal crash in Norway, Norwegian authorities said on Wednesday. FILE PHOTO – The logo of Airbus …

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