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Japan's Mitsubishi, U.S. partner to invest $1.8 billion in data centres: media

Reuters Business News - Sat, 2017-10-21 03:23
TOKYO (Reuters) - Japanese trading house Mitsubishi Corp plans to set up a joint venture with U.S. data centre operator Digital Realty Trust and build around 10 data centres in Japan by 2022 for 200 billion yen ($1.8 billion), the Nikkei said on Saturday.
Categories: business

Recent hurricanes take toll on quarterly earnings

Reuters Business News - Sat, 2017-10-21 03:01
SAN FRANCISCO (Reuters) - After raging over the southern United States and Puerto Rico, remnants of hurricanes Harvey, Irma and Maria are now dampening U.S. corporate profits.
Categories: business

U.S. tax plan hopes lift stocks, dollar strengthens

Reuters Business News - Sat, 2017-10-21 01:27
NEW YORK (Reuters) - World stocks advanced, bond yields rose and the U.S. dollar strengthened on Friday on increased hopes President Donald Trump could make progress on his fiscal plans after the U.S. Senate approved a budget blueprint that paves the way for tax cuts.
Categories: business

Tesla raises borrowing capacity for car leases to $1.1 billion

Reuters Business News - Fri, 2017-10-20 23:36
(Reuters) - Tesla Inc said on Friday it has increased its borrowing capacity for a car lease program to $1.1 billion from $600 million.
Categories: business

GE vows $20 billion asset sales, 'sweeping change' as profit falls

Reuters Business News - Fri, 2017-10-20 22:28
NEW YORK (Reuters) - General Electric Co's new chief executive vowed on Friday to shed more than $20 billion worth of assets and hold executives accountable for failing to deliver profits after what he called "horrible" results in the third quarter.
Categories: business

Wall Street hits record highs; tax plan hopes fuel optimism

Reuters Business News - Fri, 2017-10-20 22:02
NEW YORK (Reuters) - U.S. stocks hit record closing highs on Friday and the S&P 500 posted a sixth week of gains after the U.S. Senate passed a budget resolution, lifting hopes that President Donald Trump's tax-cut plan may move forward.
Categories: business

Tesla raises borrowing capacity under warehouse agreements to $1.1 billion

Reuters Business News - Fri, 2017-10-20 21:40
(Reuters) - Tesla Inc said on Friday it has increased its borrowing capacity, related to an agreement, to $1.1 billion as the electric car maker spends heavily to fix production bottlenecks of its new Model 3 sedan.
Categories: business

Snap lays off 18 employees in recruiting division

Reuters Business News - Fri, 2017-10-20 21:26
SAN FRANCISCO (Reuters) - Social media company Snap Inc said on Friday it had laid off 18 people in its recruiting division, an unusual move for a young company with ambitious growth plans and a likely reflection of tough competition from Facebook Inc .
Categories: business

Bitcoin soars to record high above $6,000

Reuters Business News - Fri, 2017-10-20 19:55
NEW YORK (Reuters) - Bitcoin surged to a record high of more than $6,000 on Friday, pushing its market capitalization to $100 billion at one point, as investors continued to bet on an asset that has a limited supply and has paved the way for a whole slew of crypto-currencies.
Categories: business

Consumer Reports says Tesla misunderstands 'positive' Model 3 rating

Reuters Business News - Fri, 2017-10-20 19:26
DETROIT (Reuters) - Consumer Reports said on Friday that Tesla Inc had apparently misunderstood the "average" reliability rating the magazine assigned to the electric carmaker's Model 3 sedan this week, calling it generally "positive" for an all-new vehicle.
Categories: business

Top oilfield services firms signal fourth-quarter uncertainty

Reuters Business News - Fri, 2017-10-20 18:21
(Reuters) - The world's top two oilfield service firms on Friday warned slower producer spending and weakness in offshore exploration may weigh on current-quarter earnings, but said activity could improve in the longer term as the global crude market comes into balance.
Categories: business

Merck to cut 1,800 U.S. sales jobs, add 960 in chronic care

Reuters Business News - Fri, 2017-10-20 16:45
(Reuters) - Drugmaker Merck & Co Inc , moving to a new sales team structure in the United States, plans to cut 1,800 sales positions, while adding 960 jobs to a new chronic care sales force, the company said on Friday.
Categories: business

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