Reuters: Business News

U.S. and China at impasse over trade, Kudlow 2019-05-12 12:52:33The United States and China appeared at a deadlock over trade negotiations on Sunday as Washington demanded promises of concrete changes to Chinese l

China's door to talks with U.S. on trade 2019-05-12 12:52:33China's door to talks with the United States about their trade dispute is always open, but China will not yield on important issues of principle, sta

Germany's Thyssenkrupp to seek new steel partners, CEO 2019-05-12 12:00:42Thyssenkrupp will still seek partners for its steel operations after abandoning a European merger with India's Tata Steel, Chief Executive Guido Kerk

Bayer hires law firm to investigate Monsanto stakeholder 2019-05-12 11:04:25Bayer said on Sunday it was hiring an external law firm to investigate French media complaints that Monsanto, the U.S. seed maker it took over last ye

SoftBank set to invest in British financing group 2019-05-12 10:46:33A prospective deal between SoftBank Group Corp's Vision Fund and UK-based financing group Greensill Capital could be announced as early as Monday, a

Teva Pharm CFO says company did not conspire 2019-05-12 07:56:46Teva Pharmaceutical Industries' chief financial officer on Sunday reiterated that the company has done nothing wrong in the wake of a price-fixing la

Emirates chief commercial officer resigns after airline's profit 2019-05-12 07:08:11Emirates Chief Commercial Officer Thierry Antinori has resigned, a spokeswoman said on Sunday, days after the Gulf airline announced its weakest profi

China still 'cautiously optimistic' on U.S. trade talks 2019-05-11 23:47:09China and the United States have agreed to hold more trade talks in Beijing, Vice Premier Liu He said as U.S. President Donald Trump ordered his trade

U.S. states accuse Teva, other drugmakers, of price-fixing: 2019-05-11 21:42:16U.S. states filed a lawsuit accusing Teva Pharmaceuticals USA Inc of orchestrating a sweeping scheme with 19 other drug companies to inflate drug pric

U.S. bargaining power won't improve if China trade 2019-05-11 20:14:55China's nationalist Global Times tabloid said in an editorial on Sunday that the United States would not have more bargaining chips at the negotiatio

Germany's Thyssenkrupp agrees restructuring approach with labor leaders 2019-05-11 13:42:49Management and labor leaders at Germany's Thyssenkrupp have agreed on a way forward after the industrial conglomerate announced a fresh restructuring

Bayer says won't tolerate unethical behavior as France 2019-05-11 08:43:34Bayer said on Saturday it did not accept "unethical behavior" following a French investigation into a suspected file assembled by the German company

L.A. Times - Business

Uber IPO: Stock sinks more than 7% on 2019-05-10 20:05:00When Uber was conceived in San Francisco in 2008, founders Travis Kalanick and Garrett Camp in one of their earliest pitch decks compared it to a priv

Stocks rebound on U.S.-China hopes, but still post 2019-05-10 17:55:00Wall Street capped a turbulent week with a late-in-the-day rally Friday after shaking off an early slump triggered by the latest escalation in the U.S

Virgin Galactic’s space-tourism dream edges closer to reality 2019-05-10 17:45:00British billionaire Richard Branson and his space-tourism company Virgin Galactic announced new steps Friday toward offering thrill rides into the low

Trump’s China tariffs squeeze small businesses 2019-05-10 17:05:00Figuring out how to pay another looming tariff bill isn’t the way Robert Heiblim would have chosen to spend National Small Business Week. Heibli

States get tax windfall after struggling with forecasts 2019-05-10 17:00:00States are enjoying windfalls after struggling to predict how President Trump’s federal tax law changes would ripple through their revenue. All

Elon Musk’s brain tech start-up is raising more 2019-05-10 16:40:00Neuralink, a small and secretive brain computing start-up founded by Elon Musk, has raised $39 million of a planned $51-million funding round, accordi

Boeing sends 737 Max to brand rehab to 2019-05-10 15:55:00Boeing Co.’s 737 Max is about to join the list of brands trying to come back from ignominy. Analysts are digging into decades-old safety scares

Ferrari’s 2019 Portofino is racy, but rough around 2019-05-10 09:00:00Being a Ferrari is like being a superstar entertainer or an elite athlete. If you do everything perfectly, no one really notices. But have one bad day

Your next swimsuit might have started life as 2019-05-10 08:30:00To you, it’s a garbage dump. To Italian entrepreneur Giulio Bonazzi, it’s the launchpad for a Stella McCartney handbag or a pair of Levi&r

Want to empower future female CEOs? Then pay 2019-05-10 07:00:00In 1989, feminist Arlie Russell Hochschild argued that working women go home to work a “second shift,” performing the majority of the labo

Americans are spending more on Mother’s Day than 2019-05-10 06:00:00Anna Jarvis, who led the push in the early 1900s for a national celebration of Mother’s Day, later decried the holiday because she felt it becam

Jeff Bezos introduces ‘Blue Moon’ lander in anticipation 2019-05-09 19:50:00In a lofty speech Thursday, Amazon.com Inc. and Blue Origin founder Jeff Bezos unveiled a mock-up of a lunar lander that he said could help build out

Economy

US trade deficit widens to $50 billion in 2019-05-09 08:45:00The U.S. goods and services deficit with its global trading partners widened slightly in March as demand for foreign goods buoyed imports.

US weekly jobless claims fall less than expected 2019-05-09 08:31:00The unexpectedly weak weekly jobless claims data could raise concerns that the robust labor market was losing some momentum.

US producer prices rose moderately in April 2019-05-09 08:30:00U.S. producer prices rose moderately in April, but underlying inflation pressures at the factory gate appeared to be picking up.

US job openings rebound in March, hiring little 2019-05-07 10:34:00U.S. job openings rebounded sharply in March, while the pace of hiring was little changed, pointing to a growing worker shortage that could slow emplo

If Trump slaps China with his threatened tariffs, 2019-05-07 06:56:00Analysts say if Trump follows through, U.S. consumers will be the ones to pick up the tab on apparel, shoes, toys and electronics.

The truth about Trump's China tariffs: Major US 2019-05-07 05:15:00Stock markets around the world were caught by surprise when President Trump tweeted another tariff threat against China, but major corporations in the

China confirms Liu will join trade talks this 2019-05-06 16:59:00Tariffs on $200 billion in Chinese goods are set to increase to 25% on Friday, but the U.S. could reconsider the move if it sees progress in the talks

Fed's James Bullard says interest rate policy is 2019-05-03 11:23:00Speaking at a time when the White House is pushing the Fed to lower rates, Bullard would not commit to that course.

Warren Buffett says no textbook could have predicted 2019-05-03 10:26:00This economic environment is one that no one could have seen coming given the current fiscal and monetary conditions, Warren Buffett says.

Economist John Taylor thinks the Fed is 'in 2019-05-03 10:06:00Raising interest rates have given the Federal Reserve some breathing room for the next time a downturn hits, economist John Taylor said Friday.

Here's where the jobs are — in one 2019-05-03 09:59:00CNBC studied the net changes by industry for April jobs based on the data from the Labor Department.

Vice President Pence says the Fed should cut 2019-05-03 09:54:00Vice President Mike Pence believes the Fed should look to cut its benchmark interest rate.

NYT > Economy

China, Defiant but Careful, Promises Aggressive Response to 2019-05-11 00:15:32A longer or worsening trade war could hurt China’s already bruised factories. Still, Beijing is signaling it is ready for a fight.

Argentina’s Economic Misery Could Bring Populism Back to 2019-05-10 21:45:35Argentina’s turn away from populism and embrace of market forces has enraged people who have lost aid without producing a promised economic revi

Nonfiction: An Economist Who Believes Only Government Can 2019-05-10 16:08:23In “People, Power, and Profits” Joseph E. Stiglitz argues that more state involvement in the economy is part of the solution, not part of

They Got Rich Off Uber and Lyft. Then 2019-05-10 12:33:51Meet the semiretired millennials who left California for low-tax, low-stress places like Texas, as their former start-ups stampede toward the stock ma

Trump Increases China Tariffs as Trade Deal Hangs 2019-05-10 09:42:08President Trump raised tariffs on $200 billion worth of Chinese imports to 25 percent from 10 percent on Friday morning.

Trump Could Raise Tariffs on China. Here’s How 2019-05-09 11:43:36Beijing could match what the United States does, and its options include upping the ante in untraditional ways. But most of its choices come with draw

Why Markets Aren’t Sweating the U.S.-China Trade War 2019-05-09 00:43:52The president has tended to back off whenever markets and the economy have looked soft.

Bye-Bye, Bathroom Attendants? 2019-05-08 22:23:44A profession affected by gender neutrality, changing mores and the cashless economy.

‘We Have a Lot of Questions’: Doubts Loom 2019-05-08 19:34:19President Trump said he was helping to save jobs at the Ohio factory after General Motors ceased production there. But such promises have not always p

Uber Drivers’ Day of Strikes Circles the Globe 2019-05-08 19:13:40Protests from Australia to San Francisco denounced the employment practices of ride-hailing companies. “I believe we deserve some respect and to

Real Estate’s Latest Bid: Zillow Wants to Buy 2019-05-07 16:46:37Offering “instant buying” to home sellers, companies like Zillow and Opendoor are bringing liquidity to the housing market. Critics fear t

The Economy That Wasn’t Supposed to Happen: Booming 2019-05-04 00:23:28Maybe using data from a few decades in the middle of the 20th century to set policy in the 21st isn’t such a good idea.

Business - The Huffington

Balloon Pops On 45 Party City Stores Amid 2019-05-10 18:26:26The company blames the closures on "market and economic changes that naturally arise in the business.”

U.S. Hikes Import Taxes On $200 Billion Of 2019-05-10 01:21:34Beijing has already vowed to retaliate, escalating a battle over China’s technology ambitions and other trade strains.

Amazon Faces Another Claim It Discriminated Against Workers 2019-05-09 15:55:51Three Muslim employees have filed a federal complaint with the Equal Employment Opportunity Commission.

Amazon Allegedly Fired 7 Pregnant Warehouse Workers For 2019-05-07 12:01:21A new CNET report surfaced several lawsuits filed against Amazon alleging that the tech giant failed to accommodate the workers' needs and later fire

Muslim Man Was Fired When He Spoke Up 2019-05-04 05:45:17"I know you’re a Muslim and I will do my best to treat you right," Wali Omarkheil's manager allegedly told him during their first meeting.

United Blocks Cameras Installed In In-Flight Entertainment Months 2019-04-26 20:21:13The company says the cameras are disabled and were installed on the in-flight screens as a standard feature by the manufacturer.

Elon Musk, SEC Settle Dispute Over Telsa CEO's 2019-04-26 17:49:39Musk is now required to get prior approval from Tesla’s legal counsel for public statements, including tweets, about the company’s finance

Facebook Expects FTC Fine Could Hit $5 Billion 2019-04-24 17:24:27A Federal Trade Commission investigation into possible privacy violations could yield a steep fine.

Stop & Shop Reaches Deal To End Strike 2019-04-21 23:20:11The grocery chain says workers will return Monday after an 11-day work stoppage.

What It's Like To Be Homeless At The 2019-04-21 07:00:23The housing crisis is alive and well, even at an elite institution like the University of Southern California.

More Than Just One Day: Keeping Up The 2019-04-18 10:02:26Employees are demanding we move the needle on gender equity — it’s up to leaders to make it a reality.

He's Worked For Stop & Shop For 48 2019-04-17 17:53:33"The generation before us went to bat for us. ... We have an obligation to those who are coming up."

Home Page

Sanjay Gandhi's sugar mill looks towards Maneka for 2019-05-12 04:10:47The mill which was set up in 1983 hasn't paid its workers for the last 22 months; workers looks towards Maneka Gandhi for revival of fortunes

Lok Sabha Elections 2019 LIVE: At 38%, Bengal 2019-05-12 04:01:05In Lok Sabha elections 2019 Phase 6 today, voters will decide the fate of 979 candidates in 59 parliamentary constituencies

From 15,000 to 5 million: How RIL is 2019-05-12 03:43:25Reliance, with a deep footprint in over 10,000 Reliance Retail outlets pan-India, is working to create the world's largest online-to-offline e-commer

Honda to sell diesel cars in India even 2019-05-12 02:54:47According to a senior official of Honda Cars India Ltd (HCIL), the company plans to upgrade its two diesel engines, which power models like Amaze, Cit

Electric drive: Ola bets on two, three-wheelers, says 2019-05-12 02:42:28Ola believes right now 'four-wheelers are not yet ready' for such usage in India on a large scale

Modi's rule so far: India hoped for a 2019-05-12 02:08:46Narendra Modi's five-year term wasn't supposed to end with families cutting back on biscuits and toothpaste.

FPIs press exit button, pull out Rs 3,207 2019-05-12 01:42:52During the period between May 2-10, FPIs invested a net sum of Rs 1,344.72 crore in equities but pulled out a net Rs 4,552.20 crore from the debt mark

Market outlook: Macro data, elections, Q4 nos to 2019-05-12 01:42:34Markets may on Monday react to industrial production number, announced post market hours Friday

Type 2 diabetes: Losing even a small amount 2019-05-12 00:32:37A latest study shows that losing a moderate amount of weight could reduce the risk of heart attack and stroke, the most common complications of diabet

How Uber, FB, Airbnb can influence user decisions 2019-05-12 00:31:45If the app recognises that you are drunk or in a neighborhood you rarely travel to - and one that its data show is high in crime - it could charge you

From Fani to Idai: Why Indian Ocean is 2019-05-12 00:07:56Increased frequency of high intensity storms in the Indian Ocean should be raising alarm bells because countries like India are not well equipped to h

ISIS claims 'province' in India for the first 2019-05-11 23:54:23ISIS did not elaborate on the branch's geographical remit as it mentioned the name of its new branch in a low-key announcement

Insider.pro

French Bank Issues €100M in Digital Tokens 2019-05-10 13:31:07 Thus, the bank wants to cut costs and speed settlement for the securities.

Ex-Deutsche Bank Executive Joins Crypto-focused Bank 2019-05-10 11:44:45 Kenan will lead a multi-skilled team of senior executives unique in the industry., notes the official announcement.

Nordea Launches Blockchain-based Trading Platform for SMEs 2019-05-10 08:30:00 Private banking institution Nordea has started to offer its blockchain-based trading platform we.trade to SMEs.

U.S. House of Representatives Establishes Task Force to 2019-05-10 06:30:00 The Financial Services Committee of the U.S. House of Representatives has just approved the creation of a task force focused on the fintech sector.

Facebook Plans to Launch its Stablecoin in Q3 2019-05-10 05:00:00 The social network could launch its stablecoin FB Coin in the third quarter of the year.

Bitfinex Announces Integration of Liquid Network 2019-05-09 12:38:18 The Network has been reportedly designed to address the particular demands of digital asset traders, providing rapid, confidential and secure transfe

Michael Novogratz: Bitcoin Won the War of Crypto 2019-05-09 06:57:51 Novogratz says he feels better about bitcoin today than he had at any time in his career.

Two Weeks to Go: Malta AI & Blockchain 2019-05-09 05:23:04 The second edition of the Malta AI & Blockchain Summit (AIBC) is wrapping things up for a stellar show just two weeks away, on May 22-25.

Australia's Primary Securities Exchange Wants to Modify its 2019-05-09 03:56:50 ASX has successfully opened the Customer Development Environment (CDE), which is based on distributed ledger technology (DLT).

Ex-Coinbase Exec Joins Bitstamp 2019-05-08 14:04:03 Bitstamp hires Hunter Merghart as Head of U.S. Operations

Bitfinex Reveals IEO Whitepaper 2019-05-08 11:16:50 The tokensale will end on May 11.

Hackers Steal $40M Worth of Bitcoin from Binance 2019-05-08 09:59:54 A group of unknown hackers was able to obtain a large number of user API keys, 2FA codes, and potentially other info.