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Reuters: Business News

Velodyne Lidar hires bankers for an IPO: Business 2019-06-22 19:17:11Autonomous vehicle technology company Velodyne Lidar has hired bankers for an initial public offering, Business Insider reported on Saturday, citing s

Daimler to recall 60,000 Mercedes diesels in Germany 2019-06-22 16:12:46Daimler must recall 60,000 Mercedes diesel cars in Germany after regulators found that they were fitted with software aimed at distorting emissions te

Iran says its airspace is fully safe and 2019-06-22 07:08:35Iran's Civil Aviation Organization said on Saturday the country's airspace was safe for airlines to fly through, the semi-official Tasnim news agenc

Exxon Mobil seeks bids for Norwegian offshore assets 2019-06-22 07:07:16Exxon Mobil is considering selling all of the stakes it holds in oil and gas fields off the Norwegian coast, a spokeswoman said.

Airlines avoid parts of Iran-controlled airspace after U.S. 2019-06-22 07:04:38Some global airlines are re-routing flights to avoid Iran-controlled airspace over the Strait of Hormuz and Gulf of Oman, they said on Friday, after t

Factbox: International airlines' response to FAA on Iran 2019-06-22 05:05:07The U.S. Federal Aviation Administration (FAA) issued an emergency order on Thursday prohibiting U.S. air carriers from flying in Iran-controlled airs

UAE civil aviation authority instructs airlines to take 2019-06-22 02:18:27The United Arab Emirates' General Civil Aviation Authority on Saturday instructed airlines registered in the country to take necessary measures given

China state media urges U.S. to drop win-at-all-costs 2019-06-21 23:34:43Instead of waging a trade war with China, the United States should drop its win-at-all-costs mentality and consider the interests of its own people as

Amazon gets U.S. patent to use delivery drones 2019-06-21 22:04:13Amazon.com Inc is exploring using drones not just to deliver packages but also to provide surveillance as a service to its customers, according to a p

Citi sees case for Fed to lower rates 2019-06-21 22:03:48Citi economists said on Friday if the Federal Reserve decides to lower U.S. interest rates next month, it would do so with a bold 50 basis-points cut,

U.S. banks clear first hurdle of Federal Reserve's 2019-06-21 22:03:48The 18 largest banks operating in the United States took the first step toward doling out capital on dividends, share buybacks and other investments o

Fed officials face weak inflation, but split over 2019-06-21 22:03:48U.S. Federal Reserve officials were divided Friday over how seriously to treat a slide in inflation, with one top policymaker saying the Fed was "clo

L.A. Times - Business

How Slack’s non-techie CEO Stewart Butterfield reached the 2019-06-22 07:00:00Silicon Valley loves its engineer-founders. They are members of the region’s highest caste, the entrepreneurs trusted to turn bits and bytes int

Grocery strike rocked Southern California 16 years ago. 2019-06-22 06:00:00Nearly 16 years ago, the largest and longest supermarket strike in U.S. history reshaped the Southern California grocery industry. Tens of thousands o

U.S. adds AMD partner and other Chinese tech 2019-06-21 19:30:00The U.S. Commerce Department barred five additional Chinese entities from buying American-made products in a move that risks inflaming tensions ahead

Stocks have a wobbly day but notch a 2019-06-21 17:45:00Wall Street finished a record-setting week on a downbeat note Friday after a late flurry of selling nudged stocks lower, ending the market’s fou

More states join lawsuit opposing T-Mobile’s deal to 2019-06-21 17:35:00T-Mobile US Inc.’s deal to acquire Sprint Corp. drew additional opposition from states as four more attorneys general joined a lawsuit seeking t

California adds 19,400 jobs, a quarter of all 2019-06-21 17:10:00California job growth continued apace in May, buoyed by expanding opportunities in tourism, technology and construction. State payrolls rose by 19,400

Shake Shack holds back on vegan burger, not 2019-06-21 16:30:00Shake Shack Inc. is staying away from vegan burgers, at least for now. The fast-food chain, known for its Pat LaFrieda beef and crinkle cut fries, is

Oracle women fight for class-action status in gender 2019-06-21 16:25:00Call it the class ceiling. Women suing major technology companies for gender discrimination would have much stronger leverage against their employers

Toys R Us, ghost of Christmases past, is 2019-06-21 13:50:00Maybe American kids won’t have to live through another Christmas without Toys R Us. About a year after shutting U.S. operations, the remnant of

Porsche’s 2019 Cayenne Turbo can haul your groceries 2019-06-21 13:00:00Porsche’s revised Cayenne Turbo pushes the vehicle further toward track-car territory and away from the soccer mom scene. The all-new 2019 model

NeueHouse to expand co-working space into historic Bradbury 2019-06-21 09:00:00NeueHouse, which provides co-working space to creative types, will open its second Los Angeles outpost in the famous Victorian-era Bradbury Building i

China’s trial program to rate citizens on public 2019-06-21 09:00:00The city of Suzhou, known as “the Venice of the East” for its web of intricate waterways, captured the imagination of Marco Polo when he j


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

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.

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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NITI Aayog gives scooter, bike makers 2 weeks 2019-06-22 23:20:42NITI Aayog officials met with executives from companies including Bajaj Auto, Hero MotoCorp and TVS late on Friday

Market capital of ancillary firms shrinks with automobile 2019-06-22 23:13:43Even minor changes in regulations and law have had knock-on effects, hurting sales

ICC CWC 2019 Match 29 highlights: Brathwaite ton 2019-06-22 16:44:23It came down to the wire and West Indies lost in the penultimate over against New Zealand

CJI Ranjan Gogoi writes to PM Modi, seeks 2019-06-22 14:34:09The CJI also wrote that the retirement age of high court judges should be raised by three years to 65 years

Govt will bring bigger opportunity for transformation in 2019-06-22 14:26:11Modi interacts with economists and India Inc chiefs ahead of the Budget

Import of medical devices up 24% in FY19 2019-06-22 14:13:19The growth in imports was led by product categories such as diagnostic items, ultra-sonogram machines, and more

ICC CWC 2019 Match 28 highlights: Shami takes 2019-06-22 14:04:54Mohammed Shami's last-over hattrick saved India from a mighty scare after they managed to pip Afghanistan by 11 runs to inch closer towards World Cup

Dr Reddy's launches therapeutic equivalent of Vitamin K1 2019-06-22 13:55:19Dr Reddy's Phytonadione Injectable Emulsion USP, 10 mg/ml Single-Dose Ampules is available in 1 ml Ampule containing 10 mg/ml of Phytonadione

Private equity funds pump in $1.1 billion in 2019-06-22 13:38:03The key factors driving PE players' interest in logistics and warehousing are government policies, strong economic fundamentals, and the growth in or

Panaya, Skava controversy remain key theme at Infosys' 2019-06-22 13:22:55Panaya and Skava buyouts were mired in controversy owing to allegation of overpayment apart from not being an ideal fit

Bringing nutrition centre-stage to help improve health conditions 2019-06-22 13:13:37An important and complementary strategy for fighting malnutrition is food fortification

Researchers explain the importance of clinical trial navigators 2019-06-22 13:01:46Fewer than 5% cancer patients participate in research that could improve care


Peter Brandt: Bitcoin Takes Aim at $100K Target 2019-06-22 11:23:47 Brandt notes the leading crypto is experiencing its fourth parabolic phase dating back to 2010.

Ripple CEO: I'm Long Bitcoin 2019-06-22 07:35:32 Meanwhile, the leading by market cap crypto sees a strong surge within a 24h frame with +10,79% and is trading at $10,883, according to CoinMarketCap

Bitcoin Breaks $10,000 & Reaches All-time High Since 2019-06-21 20:06:29 At press time, BTC is trading at $10,118 (+5,83%).

Galaxy Digital to Offer Crypto Options Contracts amid 2019-06-21 16:19:43 At press time, bitcoin sees sufficient surge +4,21% and is trading at $9,916.

France Initiates G7 Task Force to Regulate Facebook-like 2019-06-21 14:34:00 At press time, project Libra has 28 partners, including Mastercard/VISA, Uber, PayPal and many more.

eToro Issues Libra-based Tokenized Asset 2019-06-21 12:43:25 According to the repository data on GitHub, the eToroX division used Libra to launch the eToken token.

Bitmain Reconsiders IPO in the U.S. 2019-06-21 09:30:00 The mining giant is considering the idea of going public in the U.S.

Facebook Crypto May Not Be Available in India 2019-06-21 08:30:00 The country's current laws are very restrictive in terms of cryptocurrencies.

Ethereum Classic Will Activate Atlantis Hard Fork on 2019-06-21 06:30:00 The developers of the project have scheduled the hard fork for September 17.

Bitcoin Rises to $9,700 and Eyes $10,000 2019-06-21 04:30:00 Bitcoin has exceeded last year's May highs.

IOTA to Improve Consumer Safety with New Partnership 2019-06-20 18:13:43 With the help of information collected on Primority’s 3iVerify cloud software, the data from food manufacturers is automatically transmitted on

Slack Goes Public, Surges 50% Without Traditional Listing 2019-06-20 15:36:22 Amid the news of listing, Slack's shares see a big move with 50% up to $38.50 surge in the first day of trading.

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