business

China's Chery files trademark complaint against Mercedes over green car brand

Reuters Business News - 34 min 15 sec ago
BEIJING (Reuters) - Chinese automaker Chery Automobile Co Ltd [CHERY.UL] has filed a complaint with the country's trademark regulator over Mercedes-Benz's use of the "EQ" name for a line of green-energy vehicles, throwing up a potential road block for the Daimler AG unit in the world's largest electric car market.
Categories: business

Oil bounces off November lows, but bloated U.S. stockpiles pressure market

Reuters Business News - 44 min 16 sec ago
SINGAPORE (Reuters) - Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC-led efforts to curb global production.
Categories: business

Asia stocks rise, but gains for dollar, oil capped by jitters

Reuters Business News - 1 hour 51 min ago
SINGAPORE (Reuters) - Asian stocks, taking some cues from a steady Wall Street, edged up on Thursday while the path for the dollar, which crawled up from a four-month low, remained clouded by concerns about the prospects for U.S. President Donald Trump's pro-growth agenda.
Categories: business

Exclusive: Westinghouse's clients gear up for bankruptcy fight - sources

Reuters Business News - 2 hours 58 min ago
(Reuters) - The U.S. utilities that are clients of Toshiba Corp's nuclear power plant construction subsidiary, Westinghouse Electric Co LLC, have hired advisers to prepare for its potential bankruptcy, according to people familiar with the matter.
Categories: business

Verizon, AT&T suspend ads from Google over offensive videos

Reuters Business News - 4 hours 33 min ago
(Reuters) - U.S. wireless carriers Verizon Communications Inc and AT&T Inc said on Wednesday they have suspended digital advertising on Google's YouTube and other advertising platforms not related to search over concerns that their ads may have run next to extremist videos.
Categories: business

With Sears' future in doubt, vendors begin pulling back

Reuters Business News - 4 hours 35 min ago
(Reuters) - Suppliers to Sears Holdings Corp told Reuters they are doubling down on defensive measures, such as reducing shipments and asking for better payment terms, to protect against the risk of nonpayment as the company warned about its finances.
Categories: business

Slide in U.S. infrastructure stocks sign of 'Trump trade' weakness

Reuters Business News - 6 hours 44 min ago
NEW YORK (Reuters) - If the swoon this week in financials was one sign of the Trump trade running out of fuel, recent weakness in transportation and infrastructure shares is another.
Categories: business

China's ZTE Corp pleads guilty in U.S. court in sanctions case

Reuters Business News - 6 hours 50 min ago
NEW YORK (Reuters) - Chinese telecom equipment maker ZTE Corp on Wednesday pleaded guilty in U.S. federal court in Texas for conspiring to violate U.S. sanctions by illegally shipping U.S. goods and technology to Iran.
Categories: business

Trump Tantrum looms on Wall Street if healthcare effort stalls

Reuters Business News - 8 hours 29 min ago
NEW YORK (Reuters) - The Trump Trade could start looking more like a Trump Tantrum if the new U.S. administration's healthcare bill stalls in Congress, prompting worries on Wall Street about tax cuts and other measures aimed at promoting economic growth.
Categories: business

If healthcare vote fails, would jeopardize 'Trump trades': Gundlach

Reuters Business News - 9 hours 9 min ago
NEW YORK (Reuters) - If the U.S. healthcare legislation overhaul is not passed, or is postponed, it will put "a lot of doubt" on the "Trump trades," which include higher U.S. equities and bond yields, DoubleLine Capital Chief Executive Jeffrey Gundlach said on Wednesday.
Categories: business

Wall Street mixed; all eyes on Trump and healthcare

Reuters Business News - 10 hours 38 min ago
(Reuters) - Wall Street was mixed on Wednesday as investors focused on President Donald Trump's struggle to push through a healthcare bill and worried that promised tax cuts may face similar hurdles.
Categories: business

About 17,000 AT&T workers in California and Nevada go on strike

Reuters Business News - 10 hours 50 min ago
(Reuters) - About 17,000 AT&T Inc workers in California and Nevada went on strike on Wednesday, alleging that the company violated contract terms by forcing employees to do work outside their areas of expertise.
Categories: business

Sears shares sink as creditors, investors fret over going-concern risk

Reuters Business News - 11 hours 36 min ago
(Reuters) - Sears Holdings Corp's shares tumbled as much as 16 percent on Wednesday as bondholders and investors questioned how long the retailer could remain in business after it flagged doubts that it could continue as a going concern.
Categories: business

Snap pops 9 percent after winning second 'buy' recommendation

Reuters Business News - 12 hours 45 sec ago
SAN FRANCISCO (Reuters) - Shares of Snap Inc jumped 9 percent on Wednesday after the owner of messaging app Snapchat received a second analyst "buy" rating following a red-hot public listing this month and with Wall Street skeptical about its lofty valuation.
Categories: business

Tight supply, higher prices weigh on U.S. home sales

Reuters Business News - 12 hours 21 min ago
WASHINGTON (Reuters) - U.S. home resales fell more than expected in February amid a persistent shortage of houses on the market that is pushing up prices and sidelining prospective buyers.
Categories: business

Starbucks CEO Schultz to host last shareholder meeting

Reuters Business News - 12 hours 41 min ago
LOS ANGELES (Reuters) - Starbucks Corp co-founder Howard Schultz will host his final shareholder meeting as chief executive officer on Wednesday before Chief Operating Officer Kevin Johnson takes the helm of the global coffee chain on April 3.
Categories: business

Key House lawmaker: Dodd-Frank overhaul remains a 2017 priority

Reuters Business News - 12 hours 52 min ago
WASHINGTON (Reuters) - The Republican chairman of a powerful House of Representatives committee said on Wednesday that he remains confident Congress will act to overhaul financial regulations "this year."
Categories: business

Laptop ban hits Gulf airlines in battle for business travelers

Reuters Business News - 13 hours 24 min ago
LONDON (Reuters) - A ban on laptops in plane cabins bound for the United States from some cities could deal a blow to the big, fast-growing Gulf airlines, which depend on business-class flyers stopping over in places like Dubai or Doha for far-flung destinations.
Categories: business

EU's Vestager says analyzing Facebook reply to WhatsApp probe

Reuters Business News - 13 hours 35 min ago
BRUSSELS (Reuters) - EU antitrust chief Margrethe Vestager said on Wednesday she was reviewing Facebook's response to charges the U.S. social network provided misleading information during its bid for messaging service WhatsApp which may result in a hefty fine for the company.
Categories: business

SEC shortens settlement cycle for securities trades

Reuters Business News - 15 hours 2 min ago
WASHINGTON (Reuters) - U.S. securities regulators moved on Wednesday to modernize regulations that require stock and bond trades to settle within three business days, a step the industry has urged the government to take for years.
Categories: business

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