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Reuters: Business News

China's Zhoushan city woos Exxon Mobil for a $7 billion ethylene plant
The Chinese city of Zhoushan is in talks with oil major Exxon Mobil Corp to build a $7 billion ethylene plant in the city south of Shanghai, it said in a statement released on Wednesday.


POSTED OCTOBER 17, 2018 12:50 AM
Fujifilm wins appeal in battle with Xerox over scrapped merger
Fujifilm Holdings Corp has won an appeal in its legal battle with Xerox Corp , with a U.S. court overturning preliminary injunctions requested by activist investors that had blocked a planned merger.


POSTED OCTOBER 17, 2018 12:33 AM
U.S. oil service firms face tough quarter despite high crude prices
Even as crude prices hover near four-year highs, U.S. oilfield service firms' third-quarter results due out in coming days will reflect a shaky recovery, as their customers face drilling constraints and pressure to hold down spending.


POSTED OCTOBER 17, 2018 12:14 AM
SoftBank 'anxiously' monitoring Saudi Arabia situation: executive
SoftBank Group Chief Operating Officer Marcelo Claure said on Tuesday it is "business at usual" at companies backed by its nearly $100 billion Vision Fund despite a tense situation with Saudi Arabia, which provided nearly half of the fund's capital.


POSTED OCTOBER 16, 2018 11:49 PM
Uber IPO proposals value company at $120 billion: WSJ
Ride-hailing company Uber Technologies Inc [UBER.UL] could be valued at $120 billion, when it finally goes public next year according to proposals made by U.S. banks bidding to run the offering, the Wall Street Journal reported on Tuesday.


POSTED OCTOBER 16, 2018 10:57 PM
Asia shares ride Wall Street bounce, China muted
Asian equities got some welcome relief on Wednesday after upbeat U.S. earnings reports drove a rebound on Wall Street and helped restore a little faith in emerging market stocks and currencies.


POSTED OCTOBER 16, 2018 10:35 PM
Netflix record subscriber growth dispels Wall Street worries
Netflix Inc hooked 7 million new streaming subscribers from July to September, a third more than Wall Street had expected, reassuring investors who had worried the company was facing a slowdown in its fast-paced growth.


POSTED OCTOBER 16, 2018 9:55 PM
Big U.S. banks end third quarter on high note
Wall Street's top investment banks enjoyed a strong third quarter as strength in stock trading and equity underwriting added to the benefits from a strong U.S. economy and tax reforms.


POSTED OCTOBER 16, 2018 9:02 PM
Railroad operator CSX's quarterly profit tops Wall Street target
CSX Corp on Tuesday reported quarterly profit that topped Wall Street's view and raised its full-year revenue forecast, as the No. 3 U.S. railroad operator benefited from ongoing cost-cutting and higher prices for moving freight.


POSTED OCTOBER 16, 2018 8:20 PM
U.S. Senate bill could give Tesla, GM electric car tax credit boost
Tesla Inc and General Motors Co , which have lobbied Congress to lift a cap on electric vehicles eligible for a $7,500 tax credit, could get their way for up to four years under a new proposal from a Republican senator.


POSTED OCTOBER 16, 2018 8:19 PM

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