Reuters: Business News

Boeing makes $100 million pledge for 737 MAX 2019-07-03 18:31:03Boeing Co said on Wednesday it would give $100 million over multiple years to local governments and non-profit organizations to help families and comm

Pricier grills but cheaper meat: how Trump's trade 2019-07-03 18:25:59U.S. consumers likely paid more for grills to cook their Independence Day hot dogs and burgers this year because of the U.S.-China trade war, but they

U.S. reviews export requests to Huawei with 'highest 2019-07-03 18:13:05The U.S. government said on Wednesday it was reviewing license requests from U.S. companies seeking to export products to China's Huawei Technologies

Amazon can be held liable for third-party seller 2019-07-03 17:34:47A federal appeals court on Wednesday ruled against Amazon.com Inc in a case that could expose the online retailer to lawsuits from customers who buy

Major averages close at record highs on dovish 2019-07-03 16:11:52U.S. stocks rose on Wednesday, with each of the major indexes closing at a record high, as expectations grew that the Federal Reserve would take a mor

U.S. judge blocks Qualcomm effort to put antitrust 2019-07-03 16:04:35A U.S. judge on Wednesday ruled against Qualcomm Inc's effort to block the implementation of a sweeping antitrust ruling against it as the mobile ch

Facebook, privacy activist Schrems face off in July 2019-07-03 15:33:52Facebook will face Austrian privacy activist Max Schrems next week at Europe's top court in a landmark case that could affect how hundreds of thousan

Oil prices climb as U.S. equities rally, rig 2019-07-03 15:05:38Oil prices edged higher on Wednesday ahead of a U.S. holiday, after falling steeply a day earlier as worries about a slowing global economy outweighed

Arizona cancels incentive for Nike plant after 'terrible 2019-07-03 14:19:37Arizona's governor on Tuesday withdrew a $1 million incentive for Nike Inc to build a plant in the state after the world's largest sportswear maker

U.S. trade, services industry data underscore slowing economy 2019-07-03 13:51:27The U.S. trade deficit jumped in May and trade tensions between the United States and China helped drive activity in the services sector to a two-year

Asda boss sees possible stock market listing in 2019-07-03 13:49:44The timescale for a possible stock market listing of British supermarket group Asda, by its U.S. parent Walmart , is two to three years, Asda's boss

Global stock markets, bonds rally in expectation of 2019-07-03 13:22:38Record low bond yields in Europe and the expectation of further interest rate cuts by central banks worldwide helped push global stock market indices

L.A. Times - Business

Broadcom is said to be in advanced talks 2019-07-03 18:45:00Broadcom Inc. is in advanced talks to buy cybersecurity firm Symantec Corp., according to people familiar with the matter, seeking a further expansion

AT&T considers selling regional sports networks to slash 2019-07-03 17:50:00AT&T Inc. is weighing a sale of its regional sports networks as part of a plan to cut as much as $8 billion in debt by the end of the year, accord

Univision to seek buyer after selling Gizmodo online 2019-07-03 17:45:00Univision Communications Inc. is seeking possible bidders as part of a plan by the Spanish-language broadcaster to explore strategic options, accordin

4th of July 2019: Here’s what’s open and 2019-07-03 17:15:00If you find yourself needing more drinks, ice or hamburger buns this Fourth of July, don’t panic — we’ve got you covered. Here&rsquo

L.A.’s new Airbnb rules bar short-term rentals of 2019-07-03 16:40:00New restrictions on Airbnb and similar services in Los Angeles went into effect this week, driven by complaints that an explosion of short-term rental

Trump’s latest Fed choices are a longtime monetary 2019-07-03 16:25:00After a yearlong assault on the Federal Reserve and its chairman, President Trump has tapped two wildly different economists to the central bank&rsquo

Rents on controlled apartments in Los Angeles can 2019-07-03 16:00:00As of this week, landlords of Los Angeles rent-controlled buildings can raise rent by 4%, the first time in a decade the annual cap isn’t 3%. Th

Jim Beam warehouse fire ruins 45,000 barrels of 2019-07-03 15:25:00A fire at a Jim Beam bourbon facility in Kentucky ruined about 45,000 barrels, potentially destroying hundreds of millions of dollars of alcohol. Two

Boeing offers $100 million to families of 737 2019-07-03 13:25:00Boeing Co. said it would offer $100 million to support the families of victims and others affected by the recent crashes of its 737 Max jetliner, whic

U.S. slaps import duties of more than 400% 2019-07-03 11:45:00The U.S. Commerce Department imposed duties of more than 400% on steel imports from Vietnam, accusing some businesses of shipping products from the So

Stock indexes close at record highs in shortened 2019-07-03 10:05:00Investors extended a rally through a holiday-shortened day and pushed the S&P 500 index to its third straight record-high close on Wednesday. Othe

Sophia Amoruso, L.A.’s millennial ‘Girlboss,’ is busy with 2019-07-03 09:00:00Sophia Amoruso, the 35-year-old “#Girlboss” author and businesswoman, dabbed her eyes, which were covered in a glittery eye shadow. &ldquo

Economy

US consumer spending rises in May, but inflation 2019-06-28 08:30:00U.S. personal income was expected to rise 0.3% in May, down from the 0.5% increase reported for the previous month.

Here's what every major Wall Street bank believes 2019-06-28 08:16:00Wall Street strategists think a cease-fire is the most likely outcome at the G-20 meeting between President Donald Trump and President Xi Jinping.

Trump might not need to hear much to 2019-06-28 08:04:00Trump and Chinese President Xi Jinping are set to meet Saturday, with expectations running high that the two leaders can strike some bargain

What you need to know about Saturday's highly 2019-06-28 04:34:00The highly anticipated meeting will likely impact the bilateral relationship and the broader global economy.

JP Morgan, Goldman and others boost dividends and 2019-06-27 16:40:00All 18 of the big institutions tested by the Fed won approval to boost payouts with the exception of the U.S. division of Credit Suisse, which had wea

$300 billion tariff threat looming over the G-20 2019-06-26 09:05:00Presidents Donald Trump and Xi Jinping are scheduled to meet Saturday, the second day of the two-day G-20 summit in Osaka, Japan.

US core capital goods orders rebound; shipments increase 2019-06-26 08:30:00U.S. factory orders for long-lasting goods were expected to ease 0.1% in May, after sinking 2.1% a month earlier.

Trump says a US-China trade deal is possible, 2019-06-26 08:24:00While Trump stresses the importance of getting a deal, he also says the tariffs have been good for the U.S. economy.

Weekly mortgage rates fall further, but only refinance 2019-06-26 07:00:00Mortgage application volume was 40% higher than a year ago, largely because lower rates are strengthening the refinance market.

Mnuchin: 'We were about 90% of the way' 2019-06-26 05:04:00Mnuchin tells CNBC he's confident President Trump and China's Xi Jinping can make progress in stalled trade talks.

The trade war is weighing on Chinese home 2019-06-25 19:27:00Trade tensions appear to have depressed Chinese property purchases in the United States. Beijing's own actions may also be playing a role.

Trump and Xi meet Saturday — If it 2019-06-25 14:37:00Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue

NYT > Economy

The Week in Business: Stocks Hit a Record 2019-06-22 12:51:33Plus, tensions with Iran reach a boiling point and Trump’s meeting with China’s president.

U.S. Blacklists More Chinese Tech Companies Over National 2019-06-21 23:47:49The addition of five to the “entity list” heightens tensions just as American and Chinese officials try to get trade talks back on track.

Fed Officials Make the Case for Cutting Interest 2019-06-21 12:08:59The presidents of the St. Louis and Minneapolis branches of the Federal Reserve want rates cut now, and even the central bank’s vice chair says

Does Trump Have the Legal Authority to Demote 2019-06-21 11:36:47Pressuring the Fed to juice the economy as he seeks re-election, the president is toying with an unprecedented challenge to its independence.

The Fed Threads the Needle, for Now 2019-06-21 10:05:38Deciding to wait for more evidence is a decision, too, and perhaps a lost opportunity to get ahead of a problem.

To Take Down Big Tech, They First Need 2019-06-20 10:40:29For decades, antitrust regulation has focused on the welfare of the consumer. Now a backlash over Big Tech’s power has regulators and scholars t

Trump and Xi Will Meet at G-20 Amid 2019-06-18 17:10:08President Trump confirmed an “extended” meeting with President Xi Jinping of China next week, suggesting the countries were trying to find

Global Economic Growth Is Already Slowing. The U.S. 2019-06-18 17:06:55President Trump’s trade war is stirring uncertainty, weighing on manufacturing and disrupting increasingly delicate global economic growth.

The Big Question for the Fed This Week: 2019-06-18 00:24:05Pressure from the president, pressure to appear independent, and pressure to make the right call.

‘Catastrophic,’ ‘Cataclysmic’: Trump’s Tariff Threat Has Retailers Sounding 2019-06-16 05:00:08Struggling to compete against online rivals, retailers could be forced to close more stores if tariffs hit Chinese footwear, toys and apparel, analyst

Volkswagen Factory Workers in Tennessee Reject Union 2019-06-15 11:49:20The vote was a defeat for the United Automobile Workers, which has tried unsuccessfully to organize workers at plants owned by foreign automakers in t

In the Race for Factory Jobs Under Trump, 2019-06-14 20:06:10The West and oil-rich areas have seen stronger gains than the industrial Midwest, which was hit hard by outsourcing and automation, a new analysis sho

Business - The Huffington

Boeing CEO Admits 'Mistake' Made With Embattled 737 2019-06-17 04:43:52Dennis Muilenburg conceded the planemaker made an error in its in handling of a warning-system problem in its 737 Max jet.

Massive Target Register Outage Causes Confusion At Stores 2019-06-15 21:26:27The company said a technical glitch caused a register shutdown for two hours. For some customers, it felt like the end of the world.

UAW Loses In Second Attempt To Unionize VW 2019-06-14 21:43:51The election underscores the challenges unions still face in organizing workers in the South.

United Auto Workers Gets Another Crack At Unionizing 2019-06-12 13:53:57At stake are 1,700 potential members and a major foothold in an area not friendly to unions.

Boeing Reports Zero New Plane Orders For Second 2019-06-12 06:47:27The plane-maker's order and delivery totals have plummeted since the grounding of its troubled 737 Max jet.

YouTube CEO Apologizes For Standing By Homophobic Videos 2019-06-10 20:14:18Susan Wojcicki said being hurtful "wasn’t our intention at all."

The Marriott Strike Helped Grow The Largest Hotel 2019-06-10 18:01:32Unite Here just won four union elections at Marriott properties, victories it traces in part to the 2018 work stoppage.

Over 180 CEOs Sign Full-Page NYT Ad That 2019-06-10 11:51:45Twitter's Jack Dorsey, fashion designer Diane Von Furstenburg and more signed the ad that declares equality in the workplace is "one of the most imp

American Airlines Extends Boeing 737 Max Flight Cancellations 2019-06-09 15:35:55Approximately 115 flights will be canceled per day through Sept. 3, the airline said on Sunday.

Even More Asbestos Found In Claire's Makeup Products 2019-06-07 17:20:10The Food and Drug Administration said it found asbestos in a makeup kit three months after the company pulled other makeup from its stores.

Sephora Won't Solve Racism In An Hour, Obviously. 2019-06-06 05:45:27The makeup retailer’s effort is well-intentioned, but research shows the effectiveness of diversity training is mixed.

Home Page

ICC CWC 2019 highlights: Eng thrash NZ by 2019-07-03 13:45:31England cricket team entered the World Cup semifinals for the first time since the 1992 edition, beating an erring New Zealand cricket team by 119 run

Stock in hand, govt marginally hikes MSP of 2019-07-03 12:32:13The government's rice and wheat stocks in the central pool as of June 1 was estimated to be around 74.14 million tonnes

Services sector shrinks for first time in 13 2019-07-03 12:23:55Index fell from 50.2 in May, largely due to stagnant sales showed the data, which came ahead of Economic Survey for FY19

Facebook says resolving issues faced by users on 2019-07-03 12:11:49The website's live outage map showed that the issues mainly cropped up in parts of Europe and the United States

Lee Iacocca, the celebrity CEO who steered Ford 2019-07-03 11:35:21Iacocca arguably ushered in the era of the celebrity auto executive, with others such as Sergio Marchionne, Elon Musk and Carlos Ghosn following in hi

Japan forced to evacuate more than million residents 2019-07-03 11:31:26It said a total of 1.12 million people in Kagoshima and Miyazaki prefectures had been ordered to evacuate to shelters, and that landslides had swept a

Jaguar Land Rover CEO Ralf Speth's salary falls 2019-07-03 11:29:43Compensation of Tata Motors MD & CEO Butschek rises 14% in the same period

L&T has 'acquired control' of the company with 2019-07-03 11:14:50The development is significant as Mindtree founders had initially resisted the hostile takeover bid and also tried to rally support of large investors

Last-minute airfares rise 40% as downpour disrupts Mumbai 2019-07-03 10:59:43On Tuesday 55 flights were diverted, over 200 flights were cancelled because of rain, low visibility and poor braking action on secondary runway

BSNL loss pegged at Rs 14,202 cr in 2019-07-03 10:45:27The company's revenue is pegged at around Rs 19,308 crore for 2018-19, compared with Rs 25,071 crore in 2017-18 and Rs 31,533 crore in 2016-17

B K Birla, Karmayogi industrialist who lived a 2019-07-03 10:35:53Basant Kumar would make it to office by 8:45 a.m. every single day till his mid-90s, even when all he wanted was to focus on his hobbies, the Birla Ac

HDFC Bank to hire 5,000 freshers through tie-ups 2019-07-03 09:50:20The new inductees will pay a course fee of Rs 3.3 lakh plus applicable taxes and will draw Rs 4 lakh as the first yearly salary, the bank said in a st

Insider.pro

Ripple Initiative Xpring Invests $500M in Support of 2019-07-03 13:06:01 The initiative is focused on two main areas: build the crypto infrastructure and help innovative blockchain startups grow through partnership and inv

Binance to Change USDT Deposits & Withdrawals from 2019-07-03 11:58:32 The exchange will change USDT deposit & withdrawal addresses from OMNI-based to ERC20-based addresses and will be the default setting going forwa

VIDEO: Do You Know What Your Bank is 2019-07-03 10:30:00 Gregory Klumov explains how blockchain can be used to quantify our trust in financial institutions, so we only give our money to institutions that de

Electricity Consumed by Idle Devices in the U.S. 2019-07-03 09:30:00 The annual electricity consumed by connected but inactive U.S. devices would be enough to power the bitcoin network for 4 years.

The UK Approves its First Crypto Hedge Fund 2019-07-03 08:30:00 Prime Factor Capital has just become the first crypto-focused investment firm to receive approval from the British regulators.

eToro Adds First ERC-20 Tokens to its Wallet 2019-07-03 06:30:00 The social trading company has just added 120 tokens based on the ERC-20 standard to its digital wallet.

Cuba Could Launch Own Crypto to Avoid U.S. 2019-07-03 05:00:00 The country is reportedly working on the development of its own cryptocurrency in an attempt to avoid U.S. sanctions.

UK Watchdog to Ban Crypto Derivatives 2019-07-02 17:38:10 The consultation document sets margin requirements for retail clients.

EXMO Enhances Digital ID Verification with New Partnership 2019-07-02 15:18:36 The Sumsub solutions will enable EXMO to generate automatic reports for their financial authorities, applicable laws and regulations.

Gemini Wants to Obtain Broker-Dealer License 2019-07-02 14:12:55 The broket-license is just the first step toward becoming an approved Alternative Trading System, where customers can lawfully swap digital securitie

Can a Car Insurance Company Refuse to Pay 2019-07-02 12:30:00 Is there any chance your car insurance company can refuse to pay a claim? Find out.

Ex-Ripple Exec Joins Binance.US as CEO 2019-07-02 12:17:25 Since joining Ripple in 2017, Coley reportedly played a key role in the evolution of trading infrastructure and market development, dedicated to impr