Reuters: Business News
|Asian shares stumble as dollar strengthens, oil surges
SYDNEY (Reuters) - Asian shares skidded on Tuesday as a strong dollar sapped demand for emerging market assets while surging oil prices stoked concerns about a flare-up in inflation and faster U.S. interest rate increases.
POSTED MAY 21, 2018 11:49 PM
|Tesla Model 3 fails to get Consumer Reports nod due to 'big flaws'
(Reuters) - Influential U.S. magazine Consumer Reports will not recommend Tesla Inc's Model 3 sedan, saying on Monday it braked slower than a full-sized pickup truck, taking the shine off a day of gains for shares in Elon Musk's electric car company.
POSTED MAY 21, 2018 7:22 PM
|GE to merge transportation unit with Wabtec in $11.1 billion deal
(Reuters) - General Electric Co announced a $11.1 billion deal on Monday to merge its transportation business with U.S. rail equipment manufacturer Wabtec Corp , with GE and its shareholders owning just over half of the combined business.
POSTED MAY 21, 2018 5:39 PM
|As Zuckerberg heads to Brussels, British lawmakers ask for answers
LONDON, May 22 (Reuters) - British lawmakers want their European counterparts to quiz Facebook FB.O CEO Mark Zuckerberg about a scandal over improper use of millions of Facebook users' data, as he will not give evidence in London himself.
POSTED MAY 21, 2018 7:21 PM
|U.S. farmers plow ahead with plantings as China trade war fears ebb
CHICAGO (Reuters) - U.S. farmers said they would push ahead with plantings planned before U.S.-China trade tensions eased and, now that the two countries have resumed talks, take a wait-and-see approach to President Donald Trump's promises for more sales to China.
POSTED MAY 22, 2018 1:10 AM
|U.S., China nearing deal to remove U.S. sales ban against ZTE: sources
BEIJING (Reuters) - Washington and Beijing are nearing a deal that would remove an existing U.S. order banning American firms from supplying Chinese telecommunications firm ZTE Corp, two people briefed on the talks told Reuters.
POSTED MAY 22, 2018 1:26 AM
|Boeing technicians in South Carolina to vote on unionization: WSJ
(Reuters) - Some Boeing Co workers at the planemaker' s factory in South Carolina will vote on union representation later this month, the Wall Street Journal reported https://on.wsj.com/2xav6Px on Monday, citing U.S. labor regulators.
POSTED MAY 21, 2018 10:24 PM
|Rising oil prices help ground U.S. airline stocks; could make them cheap
NEW YORK (Reuters) - Shares of U.S. airlines have been depressed by rising oil prices this year, but their descent to relatively cheap levels could position them for takeoff.
POSTED MAY 21, 2018 2:46 PM
|Trade war fears ebb as U.S., China agree to continue talks
BEIJING/WASHINGTON (Reuters) - Washington and Beijing both claimed victory on Monday as the world's two largest economies stepped back from the brink of a global trade war and agreed to hold further talks to boost U.S. exports to China.
POSTED MAY 21, 2018 7:34 PM
|Exclusive: Ousted MGM CEO explores bid for the U.S. movie studio - sources
(Reuters) - Former MGM Holdings Inc Chief Executive Officer Gary Barber, who was ousted earlier this year, is speaking to investment banks about financing an offer to acquire the privately held U.S. movie studio, five people familiar with the matter said on Monday.
POSTED MAY 21, 2018 9:49 PM