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Reuters: Business News

U.S. settles antitrust charges with Fox, CBS, Scripps, New! 2019-06-17 19:34:23The U.S. Justice Department said on Monday it had settled antitrust charges with CBS Corp, Cox Enterprises Inc, E.W. Scripps Co, Fox Corp and Tegna In

Pfizer makes $10.6 billion cancer bet in cash New! 2019-06-17 19:09:01Pfizer Inc said on Monday it would buy Array Biopharma Inc for $10.64 billion in cash, a deal it hopes will help make it a leader in colon cancer and

Oil prices fall 1% as economic worries outweigh New! 2019-06-17 18:50:14Oil prices fell more than 1% on Monday after more poor Chinese economic figures fanned fears of lower worldwide oil demand.

Bah humbug! Trump's plan for more China tariffs New! 2019-06-17 18:24:05This year's holiday season could be tighter for many Americans if the U.S. government imposes tariffs on another $300 billion worth of Chinese import

Senator Rubio targets Huawei over patents New! 2019-06-17 18:07:15U.S. Senator Marco Rubio filed legislation on Monday that would prevent Huawei Technologies Co Ltd from seeking damages in U.S. patent courts, after

Huawei says U.S. ban hurting more than expected, New! 2019-06-17 18:07:15China's Huawei Technologies Co Ltd has taken a harder-than-expected hit from a U.S. ban, the company's founder and CEO Ren Zhengfei said, and slashe

U.S. chipmakers quietly lobby to ease Huawei ban New! 2019-06-17 18:00:53Huawei's American chip suppliers, including Qualcomm and Intel, are quietly pressing the U.S. government to ease its ban on sales to the Chinese tech

U.S. firms say China tariffs will raise costs, New! 2019-06-17 17:27:09A wide range of U.S. companies told a hearing in Washington on Monday that they have few alternatives other than China for producing clothing, electro

New blow to Boeing from engine delay, Airbus New! 2019-06-17 17:26:26Boeing suffered a fresh setback at the opening of the Paris Airshow on Monday as the U.S. planemaker's engine supplier revealed a delay affecting its

American in talks for up to 50 Airbus New! 2019-06-17 17:26:26American Airlines Group Inc is edging toward a deal with Airbus to buy up to 50 newly launched A321XLR extended-range narrow-body aircraft, including

Boeing says has no plans to change name New! 2019-06-17 17:26:26Boeing Co said on Monday it had no plans to change the name of the 737 MAX after news reports that it would be prepared to do so to improve its future

Faith in the Fed nudges Wall Street higher New! 2019-06-17 17:25:18Wall Street edged higher on Monday, supported by Facebook, Amazon and Apple, as investors awaited a key Federal Reserve meeting that is expected to la

L.A. Times - Business

Boeing apologizes for Max crashes as Airbus rakes 2019-06-17 11:30:00Boeing executives apologized Monday to airlines and to families of victims of crashes of the company’s 737 Max in Indonesia and Ethiopia as the

Amazon pulls back from original kids programming 2019-06-17 10:00:00As Netflix and Amazon have battled for dominance in the streaming wars, they’ve spent years building up an arsenal of original shows and films t

Lawsuit: Black Boeing worker harassed, found noose at 2019-06-17 10:00:00A black man who has worked for a decade at a Boeing plant in South Carolina says he’s been routinely subjected to racist harassment. News outlet

California Inc.: To infinity and the box office 2019-06-17 08:00:00Welcome to California Inc., the weekly newsletter of the L.A. Times Business Section. I'm Business columnist David Lazarus, and here's a rundown of

Huawei founder says revenue will be billions below 2019-06-17 03:25:00Huawei's founder likened his company to a badly damaged plane Monday and said revenues would be $30 billion less than forecast over the next two year

Two years in, Amazon has hardly launched a 2019-06-16 09:00:00This weekend will mark two years since Amazon.com Inc. announced it was acquiring Whole Foods Market. It was a thunderclap that demonstrated Amazon&rs

Landlords rip out escalators and walls to attract 2019-06-16 07:00:00Google’s January announcement that it would take over much of the failed Westside Pavilion shopping center, which is becoming offices, showed te

Angela Reddock-Wright helps keep businesses, and people, out 2019-06-16 07:00:00Angela Reddock-Wright, 49, is president of the Southern California Mediation Assn., which describes itself as “the biggest professional mediator

When family balks at paying their fair share 2019-06-16 06:00:00Dear Liz: I inherited half a duplex from my parents. They were partners with my aunt and uncle. When alive, all parties shared expenses for the common

Impossible Burger shortages hit restaurants as the meat-free 2019-06-15 07:00:00Restaurant chains Red Robin and White Castle are reporting shortages of Impossible Foods Inc.’s popular meat-free patties, underscoring the pres

Drug makers sue Trump administration to halt rule 2019-06-14 19:10:00Some of the biggest pharmaceutical companies in the U.S. sued the Trump administration to try to block a rule that would force them to put the price o

Stocks are dragged down by chipmakers and U.S.-China 2019-06-14 18:55:00Stocks ended a choppy week of trading with modest losses Friday as investors look forward to getting more clues about the direction of interest rates.

Economy

Homebuilder sentiment inches lower despite demand for single-family 2019-06-17 10:00:00The nation's homebuilders reported solid confidence in the housing market in June, but levels dropped slightly due to concerns over trade issues, the

Amazon responds to Ocasio-Cortez's claim that it pays 2019-06-17 09:37:00Amazon responded this morning to Democratic Congresswoman Alexandria Ocasio-Cortez's claim that it pays warehouse workers "starvation wages" in a t

A key manufacturing gauge just saw its biggest 2019-06-17 09:27:00The Empire State Manufacturing Index tumbled to a -8.6 reading from 17.8 in May, a 26.4-point drop that was the biggest since 2001.

US companies' message to Trump: Don't expand China 2019-06-17 08:42:00Businesses, trade groups, and individuals have written to complain that tariffs would drive up prices for consumers, squeeze profits, and leave U.S. c

US business inventories rebound; sales fall 2019-06-14 10:15:00U.S. business inventories rebounded in April as sales fell, but inventory accumulation is still expected to be a drag on economic growth in the second

The Fed is likely to drop 'patient' word 2019-06-14 10:13:00The Fed is not likely to make a move on interest rates when it meets this week, but it should clear the way for a rate cut later in the summer.

Half of Americans say their financial situation hasn't 2019-06-14 09:49:00The Great Recession ended a decade ago. Many Americans are still waiting for their finances to improve.

Trump says stock market would be '10,000 points 2019-06-14 09:13:00Trump said the economy and stock market both could be doing much better "if we had somebody different" in charge of the central bank.

US retail sales rose in May, while April 2019-06-14 08:30:00U.S. retail sales were expected to rise 0.6% in May, after slipping 0.2% a month earlier.

CEO optimism takes a hit in the second 2019-06-13 10:03:00The Business Roundtable's CEO Economic Outlook Index fell by 5.7 points in the second quarter to 89.5.

US import prices post the largest drop in 2019-06-13 08:49:00U.S. import prices fell by the most in five months in May amid a broad decline in the cost of goods, the latest indication of muted inflation that str

US weekly jobless claims unexpectedly rise, sparking fears 2019-06-13 08:31:00First-time claims for state unemployment benefits were expected to total 216,000, down slightly from the 218,000 claims reported for the previous week

NYT > Economy

Trump Is More Vulnerable to Democratic Attacks on 2019-06-09 10:22:13An opening to criticize him from the right as well as the left.

China Summons Tech Giants to Warn Against Cooperating 2019-06-08 16:43:32Chinese officials told companies Dell, Microsoft and Samsung that there would be dire consequences if they cut sales or pulled production from China,

A Weak Jobs Report Poses a New Challenge 2019-06-08 02:20:09A sharp decline in the pace of hiring in May, especially in sectors dependent on trade, suggests that the president’s tariffs are starting to bi

Trade Wars Stoke Economic Fear as G-20 Finance 2019-06-07 21:39:27Treasury Secretary Steven Mnuchin will meet China’s central bank governor in the first meeting of senior officials from the countries since trad

Putin and Xi Herald the Virtues of Globalism, 2019-06-07 21:16:52The presidents of Russia and China used an investment conference to critique what they saw as increased protectionism by the United States amid rising

New Evidence of Age Bias in Hiring, and 2019-06-07 20:46:35Digital recruiting is leaving more of a forensic trail in discrimination cases. But a wave of litigation is running up against higher legal hurdles.

Which States Will Be Hit Hardest by Trump’s 2019-06-07 11:00:51Tariffs on Mexican imports will ripple across the United States and could cause significant pain for consumers and businesses, even those far from the

Black Democrats Say It’s the Economy, Still 2019-06-07 00:11:06Faring worse in the recovery, they worry more about jobs than white Democrats do, polling shows.

Another Sign of Economic Worry: Tumbling Oil Prices 2019-06-05 21:07:27Prices have dropped more than 20 percent since late April as investors worry that growth is slowing and trade disputes could slow growth further.

Putin Aims to Revive the Economy With a 2019-06-05 17:08:32As Russian officials unveil a spending plan aimed at doubling growth in its troubled economy, critics see a $400 billion effort in Soviet-era planning

Modern Monetary Theory’s Reluctant Poster Child: Japan 2019-06-05 03:00:04Despite its huge debt, the country remains an economic powerhouse. Some say it provides a model for the United States, but its leaders disavow the ide

11,000 People Who Prepare Your Airline Food Are 2019-06-05 00:45:33A shortage of controllers hastened the end of the government shutdown this year. Now catering employees hope a similar dynamic will help them win bett

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.

Delta Tried To 'Trap' Its Own Flight Attendants 2019-06-01 14:17:30Someone in the airline's operations control center feared attendants might walk off the plane after working long hours. So they ordered the door clos

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IndiGo moves away from Pratt & Whitney, places 2019-06-17 11:39:48CFM International will deliver the first engine by 2020

WI vs BAN LIVE ICC CWC 2019: Tamim, 2019-06-17 11:27:10Bangladesh won the toss and put West Indies to bat first. Shai Hope missed his century while Shimron Hetmyer hit a quick-fire fifty as Windies posted

India Inc's advance tax mop-up surges 171% in 2019-06-17 11:15:48Mumbai collected Rs 17,174 crore of advance taxes against Rs 7,356 crore in the same period last year, according to data compiled by the tax dept.

Over and out for Jet Airways as lenders 2019-06-17 10:57:25State Bank of India and other lenders will refer the airline to NCLT later this week

JP Nadda is BJP working president, Amit Shah 2019-06-17 10:40:58Nadda, 58 and a former union health minister, will hold the post for six months

Sotheby's sold for $3.7 billion to telecom billionaire 2019-06-17 10:24:36Sotheby's is returning to private ownership after 31 years as a public company.

Major killed, another officer and 2 jawans injured 2019-06-17 10:13:06The injured were rushed to the 92 base hospital of the Army in Srinagar, the officials said

Steel imports from South Korea and Japan fill 2019-06-17 09:37:58The Indian steel industry has asked for a safeguard duty on steel imports

Fitch cuts India's GDP growth forecast to 6.6% 2019-06-17 09:23:59In the last fiscal, Indian economy grew at a 5-year low pace of 6.8%

West Bengal doctors to call off strike as 2019-06-17 09:19:38A formal announcement on withdrawal of the strike is likely to be made from the epicentre of the protest, the NRS Medical College and Hospital

DCC to penalise Airtel, Voda Idea; seeks Trai 2019-06-17 07:55:08The penalty on Airtel and Vodafone works out to be about Rs 1,050 crore each

Overall nuclear arms decline but India, Pakistan expanding 2019-06-17 07:24:27The drop in recent years can mainly be attributed to the US and Russia, whose combined arsenals still make up more than 90 percent of the world's nuc

Insider.pro

Ethereum 2.0 Will be Released on January 3, 2019-06-17 09:30:00 Ethereum 2.0, the new version of the ethereum protocol with support for the Proof-of-Stake consensus mechanism, will be rolled out on January 3, 2020

Mercado Libre is Working with Facebook on its 2019-06-17 08:30:00 The South American online marketplace plans to integrate the social network's crypto into its platform.

Facebook To Launch Its Crypto Project Testnet on 2019-06-17 06:30:00 The social network's crypto project will be announced publicly this week.

Bitcoin Jumps Above $9,000 2019-06-17 03:10:00 Bitcoin has reached a 13-month high.

BnkToTheFuture Acquires Altcoin.io Amid Delisting from Bittrex 2019-06-16 18:06:46 BnkToTheFuture wants to modify Altcoin.io's technical advancements to capture this growing market.

Facebook Hires Bank Lobbyist for Its Crypto Project 2019-06-16 09:31:10 Ed Bowles, the Head of Corporate and Public Affairs at Standard Chartered, will join the social network in September as its London-based director of

Venture Capital Investor: Bitcoin to Face Supply Shock 2019-06-15 16:03:22 The investor claims there is an anticipation of a coming supply shock in 2020 since next year the crypto community will get just half the daily suppl

Bittrex Bans Another 40+ Tokens for U.S. Clients 2019-06-15 06:53:54 The total amount of delisted assets is now equal to 74.

Europol Develops Cryptocurrency Tracing Game 2019-06-14 15:44:56 The game will be the first law enforcement training opportunity on cryptocurrency and investigation using gamification.

Bitfinex Initiates LEO Token Burn Mechanism 2019-06-14 13:29:23 The burn mechanism will continue until 100% of tokens have been redeemed and no more tokens are in circulation.

Rhode Island Plans to Integrate Blockchain into Government 2019-06-14 08:30:00 The U.S. state wants to make use of blockchain technology to improve the efficiency of government operations.

Binance Bans U.S. Users 2019-06-14 06:30:00 Binance, the world's largest crypto exchange by trading volume, is updating its internal policy.


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