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Reuters: Business News

Union threatens strikes unless Lufthansa makes concessions in New! 2019-11-20 08:48:18A trade union representing Lufthansa's cabin-crew on Wednesday threatened strikes that could fall during the busy Christmas period if Germany's big

BMW in talks with workers about efficiency measures New! 2019-11-20 08:43:32BMW is in talks with labor representatives and its top suppliers as it seeks to achieve cost savings of more than 12 billion euros ($13.26 bln) by 20

Loss-making Norwegian Air appoints new CEO to lead New! 2019-11-20 08:40:13Loss-making Norwegian Air has appointed Jacob Schram as chief executive to take charge of the budget carrier's restructuring as it struggles with a

Target lifts profit goal on expected holiday boost, New! 2019-11-20 08:34:29Target Corp raised its full-year earnings forecast on Wednesday, signaling a strong holiday season as the retailer benefits from its investments in s

If Lufthansa doesn't make concessions, we'll announce strikes: New! 2019-11-20 08:19:03Trade union UFO said on Wednesday that it would announce strikes that could fall during the Christmas period if Lufthansa does not make concessions i

Lufthansa: We'll use the next seven days to New! 2019-11-20 08:18:39Lufthansa said on Wednesday it would use the next seven days to try to reach a solution in a wage dispute with employees after trade union UFO said i

Continental to cut 5,040 jobs as combustion engine New! 2019-11-20 08:16:50German auto supplier Continental on Wednesday said it would pare back its engine manufacturing activities as more stringent emissions rules threaten

Alibaba raises up to $12.9 billion in landmark New! 2019-11-20 08:12:28Chinese e-commerce giant Alibaba Group raised up to $12.9 billion in a landmark listing in Hong Kong, the largest share sale in the city in nine year

Sino-U.S. spat over Hong Kong knocks world shares New! 2019-11-20 08:11:02World stocks were knocked off 22-month highs on Wednesday as a flare-up in Sino-U.S. tensions and the creeping return of U.S. recession fears fueled a

Apple starts construction of new $1 billion campus New! 2019-11-20 08:07:30Apple Inc said on Wednesday it had started construction of a new campus in Austin, Texas, beside its existing facility where it makes the new MacBook

Stock futures fall as Hong Kong bill escalates New! 2019-11-20 08:06:38U.S. stock index futures fell on Wednesday as escalating political tensions between Washington and Beijing sparked fears that the two sides would fail

South African Airways running out of cash as New! 2019-11-20 07:57:39South African Airways (SAA) is running out of cash and could be liquidated if the government doesn't give it additional guarantees soon, a board memb

L.A. Times - Business

Column: The Gannett/GateHouse merger sends a dismal signal 2019-11-19 20:53:14Gannett and GateHouse will merge into the largest U.S. newspaper company, but its future looks anything but certain.

'We had some issues,' exec says on Disney+ 2019-11-19 20:50:59Kevin Mayer, the Disney executive in charge of Disney+, blamed streaming service glitches on heavy demand and a computer coding problem.

Climate change activists urge Los Angeles not to 2019-11-19 19:37:53Mayor Eric Garcetti has worked to portray himself as a global leader in the fight against climate change.

Newsom blocks new California fracking pending scientific review 2019-11-19 17:45:26Gov. Gavin Newsom wants an independent scientific review of all new proposals for hydraulic fracturing by California's oil industry.

Record producer Cirkut tinkers with price of Hollywood 2019-11-19 13:01:35After buying a scenic spot in Encino last year, record producer Cirkut has trimmed the price of his Hollywood Hills contemporary home to $5.495 millio

Former Laker Sasha Vujačić looks to double his 2019-11-19 11:06:27Two-time NBA champion Sasha Vujačić is asking $3.799 million for his Manhattan Beach town house of 10 years.

That Soviet submarine next to the Queen Mary 2019-11-19 08:00:58The Scorpion submarine, which became a Long Beach tourist attraction, had deteriorated so much that it was closed in 2015. Plans are to remove the sub

Electric bus workers in L.A. unionize — with 2019-11-19 08:00:23Factory workers at Proterra, a Silicon Valley e-bus startup, have joined a union that also represents L.A. oil refinery workers.

Column: Here's why Californians with health coverage are 2019-11-19 08:00:08If a life or health insurer goes bust, other insurance companies will step in to help cover policyholders. In California, insurers can pass along thes

Juul wanted to revolutionize vaping. It took a 2019-11-19 07:00:15Documents reviewed by The Times reveal that the chemical formula that makes Juul so palatable and addictive dates back more than four decades —

PG&E power outage was 'a big screw you' 2019-11-19 00:18:57The California Legislature held a public hearing to scrutinize public safety power shutoffs after millions of residents lost power to prevent wildfire

Chick-fil-A says it won't donate to anti-LGBTQ groups 2019-11-18 20:23:38Chick-fil-A picked a new lineup of charities for 2020, but it didn't rule out giving to anti-LGBTQ groups in the future.

Economy

US services companies growth rebounds in October 2019-11-05 10:00:00Measures of sales, new orders and employment all rebounded from the previous month.

The trade deficit got smaller in September as 2019-11-05 08:30:00The U.S. international trade deficit was forecast to narrow to $52.20 billion in September from $55 billion in August, according to economists polled

China presses Trump to remove more tariffs in 2019-11-04 22:00:00The fate of the Dec. 15 China tariffs is being considered as part of negotiations and a potential signing trip this month.

US GDP rose a better-than-expected 1.9% in the 2019-10-30 08:30:00The growth in GDP was slightly slower than in the second quarter as business investment declined.

Private payrolls increase by 125,000 in October, topping 2019-10-30 08:15:00Private payrolls grew at a faster-than-expected pace in October, but the solid growth was offset by a sharp downward revision for the previous month.

Weekly mortgage demand is flat as interest rates 2019-10-30 07:07:00Higher mortgage rates give homeowners little incentive to refinance their home loans

Third-quarter economic growth is expected to be a 2019-10-29 16:16:00Third quarter growth is expected to come in at a weakish 1.6%, with the biggest hits from slowing business investment.

The Fed is expected to cut rates, but 2019-10-29 15:01:00The Fed is widely expected to cut interest rates on Wednesday, but what it says about future moves could have a big impact on markets.

US consumer confidence dips in October, misses expectations 2019-10-29 10:00:00U.S. consumer confidence dipped slightly in October as worries over business conditions and employment prospects ticked up.

Pending home sales rise 1.5% in September, thanks 2019-10-29 10:00:00Pending home sales, which measure signed contracts to buy existing homes, rose for the second straight months. Realtors credit low mortgage rates, des

Home price gains heat up in August but 2019-10-29 09:00:00Home prices rose 3.2% in August, up from the 3.1% gain in July, according to the S&P CoreLogic Case-Shiller National Home Price Index.

Fed to cut rates again, but other economic 2019-10-29 07:00:00The latest CNBC Fed Survey finds concerns over recession, monetary policy and worries about future economic policy.

NYT > Economy

Fed Unlikely to Cut Rates Again Unless Economy New! 2019-11-20 15:31:25Minutes of the Federal Reserve’s last policy meeting reinforced the central bank’s message that it may be done cutting rates barring econo

How FedEx Cut Its Tax Bill to $0 2019-11-19 06:27:29The company, like much of corporate America, has not made good on its promised investment surge from President Trump’s 2017 tax cuts.

Trump Meets With Fed Chair Powell for a 2019-11-18 16:12:15The president has made a habit of criticizing the chair of the Federal Reserve, Jerome H. Powell, whom he picked to lead the central bank.

For Start-Ups, Cash Is King (Again) 2019-11-17 18:44:15Some are preparing for a potential downturn by cutting spending and raising money earlier than planned. Just as they did before.

Warren Would Take Billionaires Down a Few Billion 2019-11-16 18:19:34Elizabeth Warren’s tax proposals would significantly curb the gigantic fortunes of America’s richest families over time.

Subzero Interest Rates Are Luring Insurers to Risk 2019-11-14 12:39:22Usually the most strait-laced of investors, insurance companies are letting loose to gain some income, drawing the attention of regulators.

Fed Chair Paints Rosy Economic Picture but Says 2019-11-13 16:00:15In testimony before Congress, Jerome Powell also suggested the Fed can test the labor market’s limits.

As Push for Higher Minimum Wages Grows, New 2019-11-13 10:27:01Fed research suggested higher minimum wages did not cost jobs in border counties. Industry-level analysis and real-life stories back that up — w

In Data Journalism, Tech Matters Less Than the 2019-11-13 09:00:12Ben Casselman, an economics reporter, uses a programming language called R and works with vast data sets. But he says interviews still make for the be

The SoftBank Effect: How $100 Billion Left Workers 2019-11-12 14:26:17SoftBank poured money into start-ups that use armies of contractors. That has upended the lives of drivers, hotel operators and real estate agents aro

How Bad Is China’s Debt? A City Hospital 2019-11-11 00:30:53The city of Ruzhou spent big, then used its health care workers to raise money, as local governments look for ways to keep the economy going.

Why the Fed, Long Reticent, Has Started to 2019-11-08 17:56:07Severe weather carries economic and financial stability risks, officials say. The nation’s top economic authority is paying attention.

Home Page

SC stays tributal order that held Sebi had 2019-11-18 08:47:56The tribunal had also pointed out that SEBI has no authority to look into the quality of audit and auditing services

Lawyers' expect CJI SA Bobde to dispose of 2019-11-18 08:13:45New CJI, Bobde, has succeeded Justice Ranjan Gogoi who retired on November 17 after remaining in office for over 13 months.

IT companies may shed up to 40,000 mid-level 2019-11-18 07:56:56'It's going to happen again and again and again every five years,' said Pai

Govt should have consulted RS before converting J&K 2019-11-18 07:38:21He said the Upper House has a central role to play in the form of "checks and balances to a majority government" as it presents the interests of the

Pawar meets Sonia to discuss possibility of govt 2019-11-18 07:36:29Maharashtra was placed under President's rule on November 12 after no party or alliance staked claim to form government

India leads mobile ad fraud in Asia, blockchain 2019-11-18 07:29:58Only 37% respondents are aware of Blockchain and its application to fraud prevention

Replacing Pratt engines in IndiGo fleet by January 2019-11-18 07:28:35India's aviation regulator on Nov. 1 ordered IndiGo to replace all Pratt & Whitney (P&W) engines on its fleet of twin-engined Airbus A320neo

Global goods growth in Q4 to remain below 2019-11-18 07:04:55Its latest quarterly barometer showed growth in global merchandise trade rose by 0.2% in the second quarter of this year against 3.5% in same period o

Grant 3-yr moratorium, extended timelines for payment of 2019-11-18 06:02:56Airtel, Vodafone Idea and other telecom operators have to pay the government a whopping Rs 1.4 trillion

MARKET WRAP: Sensex slips 73 pts amid selling 2019-11-18 05:31:45All that happened in markets today.

Why the Essar judgment has scored a win 2019-11-18 05:24:33The verdict will rekindle hope in the integrity of India's bankruptcy process, but it will take a lot more work to allay concerns about its effective

Parties can win people's hearts without rushing to 2019-11-18 05:20:47Modi said parties, including his BJP, has to learn from the NCP and BJD in this regard

Insider.pro

Major South African Bank Stops Offering Services to New! 2019-11-20 08:27:49 One of the largest banks in South Africa has just reported it has withdrawn its support for crypto exchanges.

What blockchain is in layman’s terms New! 2019-11-20 08:00:00 Today we'll try to explain blockchain in layman’s terms.

Data of 1.4 Million GateHub Users Leaked to New! 2019-11-20 06:57:16 GateHub users have suffered a hacker attack.

RSK Embarks on a Partnership Bonanza to Drive New! 2019-11-20 06:00:00 RSK, the second layer solution that brings smart contract functionality to bitcoin, has been making great strides towards global adoption with a slew

Fidelity Wins License to Offer Crypto Storage and New! 2019-11-20 04:54:03 Fidelity Digital Asset Services has won a license from the New York State Department of Financial Services.

First Crypto Risk Management Platform Raises $4.2M from 2019-11-19 17:29:47 The total amount of investments is equal to $5.9 million.

Bank of Japan Governor: Stablecoin May Have Impact 2019-11-19 15:37:49 The bank governor claims the bank currently has no plans to issue its own cryptocurerncy.

Antihype on money: United Health Surges 5% amid 2019-11-19 15:19:30 Stocks of an American for-profit managed health care company United Health surged over 5% (up to 269.40 points).

Lamborghini to Improve Trust and Authenticity with Salesforce 2019-11-19 12:41:47 Lamborghini is using Salesforce Blockchain to quickly and securely authenticate heritage cars.

SEC to Reconsider Bitwise's Bitcoin ETF Application 2019-11-19 09:00:48 The US Securities and Exchange Commission is reviewing Bitwise and NYSE Arca's bitcoin ETF application.

LocalEthereum Adds Support for Bitcoin 2019-11-19 06:41:42 The p2p crypto trading platform has just added support for bitcoin.

Binance Increases Leverage for Margin Trading 2019-11-19 04:51:02 The cryptocurrency exchange has increased the maximum leverage that traders can use when they trade with margin.


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