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- Reurers-Business 00:15June 17, 2019Deutsche Bank to set up 50 billion euro bad bank: FTDeutsche Bank is planning to overhaul its trading operations by creating a "bad bank" to hold tens of billions of euros of assets and shrinking or shutting its U.S. equity and trading businesses, the Financial Times reported on Sunday.
< businessNews > - Reurers-Business 23:54June 16, 2019Goldman Sachs combining its private-investing units: WSJWall Street bank Goldman Sachs Group Inc is combining its private-investing arms, with the resulting new division to have about $140 billion in assets, the Wall Street Journal reported on Sunday, citing people familiar with the matter.
< businessNews > - Reurers-Business 23:15June 16, 2019Deutsche Bank to shrink or shut U.S. equity and trading businesses: FTDeutsche Bank is planning to overhaul its trading operations, including the creation of a "bad bank" to hold tens of billions of euros of assets and shrinking or shutting its U.S. equity and trading businesses, the Financial Times reported on Sunday.
< businessNews > - Reurers-Business 21:36June 16, 2019Goldman skeptical of 'insurance' U.S. rate cuts from FedGoldman Sachs economists said on Sunday they are skeptical of "insurance" U.S. interest rate decreases from the Federal Reserve to forestall possible slowing in U.S. economic growth due to global trade tensions.
< businessNews > - Reurers-Business 18:21June 16, 2019Boeing says will take time to win back confidenceThe head of Boeing Co said on Sunday the U.S. planemaker had made a mistake in implementing a cockpit warning system on the 737 MAX and predicted it would take time to rebuild the confidence of customers in the wake of two fatal crashes.
< businessNews > - Reurers-Business 18:04June 16, 2019Canada backs startup to boost data on space debrisThe Canadian government's contracting arm is backing a proposed new satellite system that will use big data analytics to provide commercially available data about the Earth and its orbit amid growing concerns about the risks posed by space debris.
< businessNews > - Reurers-Business 17:08June 16, 2019Canada set to approve hotly-debated pipeline expansion, Trudeau unlikely to benefitCanada looks set to approve a hotly-debated plan to expand an oil pipeline this week, people familiar with the process told Reuters, but the move is unlikely to help Prime Minister Justin Trudeau rebuild flagging support ahead of an October election.
< businessNews > - Reurers-Business 16:36June 16, 2019Boeing crisis, trade tensions cast pall over air showSafety concerns, trade wars and growing security tensions in the Gulf are dampening spirits at the world's largest planemakers as they arrive at this week's Paris Airshow with little to celebrate despite bulging order books.
< businessNews > - Reurers-Business 13:11June 16, 2019Exclusive: Boeing seeking to reduce scope, duration of some physical tests for new aircraft - sourcesBoeing Co engineers are reducing the scope and duration of certain costly physical tests used to certify the planemaker's new aircraft, according to industry sources and regulatory officials.
< businessNews > - Reurers-Business 13:02June 16, 2019China's FedEx probe should not be seen as retaliation: XinhuaChina's investigation into FedEx Corp over misdirected mail should not be regarded as retaliation against the U.S. company, state news agency Xinhua said on Sunday, amid worsening relations between China and the United States.
< businessNews > - Reurers-Business 13:01June 16, 2019U.S. Navy official sees more orders for Boeing P-8A in coming monthsThe U.S. Navy expects additional U.S. and international orders for the Boeing P-8A Poseidon maritime patrol aircraft in coming months, which should extend production by two years to late 2025, a senior U.S. Navy official told Reuters.
< businessNews > - Reurers-Business 01:48June 16, 2019Target says registers back online, blames outage on technology issueTarget Corp on Saturday said its payment registers were back online after a systems outage stopped customers in the United States from paying for in-store purchases.
< businessNews > - Reurers-Business 23:28June 15, 2019Target hit by nationwide payment outageTarget Corp on Saturday said it was working on a problem that prevented customers in the United States from paying for their purchases.
< businessNews > - Reurers-Business 22:54June 15, 2019Target says it's working on problem preventing customers from making purchasesTarget Corp on Saturday said it was working on a problem that prevented customers in the United States from paying for their purchases.
< businessNews > - Reurers-Business 21:03June 15, 2019India to impose retaliatory tariffs on 28 U.S. goods from SundayIndia will impose higher retaliatory tariffs on 28 U.S. products including almonds, apples and walnuts from Sunday, following Washington's withdrawal of key trade privileges for New Delhi.
< businessNews > - Reurers-Business 19:20June 15, 2019India to impose retaliatory tariff on 28 U.S. goods from Sunday: government statementIndia will impose higher tariffs on 28 U.S. products including almonds, apples and walnuts, a government notification http://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2019/cs-tarr2019/cs17-2019.pdf;jsessionid=05BB93EF9871E631DCA5475F5330BC4E said.
< businessNews > - Reurers-Business 16:15June 15, 2019NATO faces big bill if it does not pick AWACS successor soon: officialsNATO faces significant costs if it does not act soon to choose a successor for its ageing fleet of 14 Boeing E-3A Airborne Warning & Control System (AWACS) surveillance aircraft, often called the alliance's "eyes in the sky", senior officials said.
< businessNews, AWACS > - Reurers-Business 16:07June 15, 2019CFM erases jet engine output delay, cautious on rate increasesCFM International has caught up with delays in deliveries of its LEAP jet engine after keeping its assembly lines running at high speed while the Boeing 737 MAX remains grounded, the French-American engine maker said on Saturday.
< businessNews > - Reurers-Business 11:52June 15, 2019Why proposed changes to Hong Kong's extradition law fueled protestsHong Kong leader Carrie Lam has delayed indefinitely a proposed law that would allow extraditions to mainland China, in a dramatic retreat after widespread anger over the bill sparked the biggest street protests in three decades.
< businessNews > - Reurers-Business 09:59June 15, 2019Nissan considers giving Renault some seats on oversight committees: sourceNissan Motor Co is considering giving its alliance partner Renault SA some seats on planned oversight committees after the French automaker expressed discontent with the envisioned governance reform, a source said.
< businessNews > - Reurers-Business 09:27June 15, 2019Explainer: Why proposed changes to Hong Kong's extradition law are fuelling protestsCracks have appeared in the support base for a proposed Hong Kong law to allow extraditions to China, with local media reporting the city's government will suspend the bill after widespread anger and violent protests.
< businessNews > - Reurers-Business 07:17June 15, 2019Court grants American Airlines' request to end 'devastating' slowdown by unionsA U.S. federal court on Friday granted American Airlines Group Inc's request to halt an alleged illegal slowdown by its mechanics' unions that the airline said had become "devastating" to its operations.
< businessNews > - Reurers-Business 06:00June 15, 2019VW's Tennessee workers vote against union representationWorkers at Volkswagen AG's assembly plant in the state of Tennessee narrowly voted against union representation, dealing a fresh blow to the United Auto Workers' (UAW) efforts to unionize a foreign automaker's plant in the U.S. South.
< businessNews, UAW > - Reurers-Business 05:12June 15, 2019Nissan considers giving Renault some seats on oversight committees: KyodoNissan Motor Co is considering giving its alliance partner Renault SA some seats on planned oversight committees after the French automaker expressed discontent with the envisioned governance reform, Kyodo news reported on Friday, citing people close to the matter.
< businessNews > - Reurers-Business 04:42June 15, 2019Workers at VW's Tennessee plant vote against union representationWorkers at Volkswagen AG's assembly plant in Chattanooga, Tennessee, have voted against union representation, the German automaker and the United Auto Workers (UAW) union said on Friday.
< businessNews, UAW > - Reurers-Business 02:47June 15, 2019Trump presses Lockheed to keep open a Pennsylvania plant slated for closureU.S. President Donald Trump on Friday urged Lockheed Martin Corp to keep open its Sikorsky helicopter plant in Coatesville, Pennsylvania, a week after the weapons maker announced the planned closure of the facility.
< businessNews > - Reurers-Business 01:57June 15, 2019U.S. to launch public hearings on additional China tariffs next weekThe U.S. Trade Representative's Office on Monday will kick off seven days of testimony from U.S. retailers, manufacturers and other businesses about President Donald Trump's plan to hit another $300 billion worth of Chinese goods with tariffs.
< businessNews > - Reurers-Business 01:40June 15, 2019American Airlines asks court to end 'devastating' slowdown by unionsAmerican Airlines Group Inc on Friday asked a federal court to quickly halt an alleged illegal slowdown by mechanics' unions that has become "devastating" to the airline's operations.
< businessNews > - Reurers-Business 01:33June 15, 2019Apollo in talks to finance Dish Network bid for T-Mobile, Sprint assets - sourcesPrivate equity group Apollo Global Management is in talks with satellite TV provider Dish Network to finance a bid for wireless assets that will be divested in the proposed merger between T-Mobile and Sprint Corp, according to two people familiar with the matter.
< businessNews > - Reurers-Business 01:20June 15, 2019Chicken producer Perdue enters crowded plant-based meat marketPerdue Foods, one of America's largest chicken producers, said it will sell frozen chicken nuggets mixed with cauliflower, chickpeas and plant protein to address a growing demand for products combining meat and vegetables.
< businessNews > - Reurers-Business 00:54June 15, 2019U.S. Justice Department set to decide on T-Mobile, Sprint merger as soon as next week: sourceThe U.S. Justice Department is set to decide as early as next week whether to approve the $26.5-billion merger of wireless carriers T-Mobile USA and Sprint Corp, a person briefed on the matter said on Friday.
< businessNews > - Reurers-Business 00:40June 15, 2019Papa John's dismisses KPMG as its auditor, hires EYPapa John's International Inc said on Friday it dismissed KPMG LLP as its financial auditor after the accounting firm pointed out that the pizza chain did not maintain effective internal control over its financial reporting last year. The company has appointed Ernst & Young LLP, which served as its auditor between 1990 and 2017, to handle the accounts for fiscal year ending December 2019, it said in a regulatory filing.
< businessNews > - Reurers-Business 23:50June 14, 2019Wall Street ends down; Broadcom warning hits chip stocksU.S. stocks ended lower on Friday as investors were cautious going into next week's Federal Reserve meeting, while a warning from Broadcom of a broad weakening in global demand weighed on chipmakers and added to U.S.-China trade worries.
< businessNews > - Reurers-Business 23:45June 14, 2019Global stocks dip as Fed meeting looms, oil climbs on geopolitical fearsU.S. stocks ended nominally lower on Friday as investors awaited next week's Federal Reserve meeting for signs of imminent easing, while the U.S.-Iran confrontation in the Gulf of Oman added to geopolitical uncertainty, sending oil prices higher.
< businessNews > - Reurers-Business 23:32June 14, 2019Papa John's drops KPMG as its auditor, hires EYPapa John's International Inc has appointed Ernst & Young LLP as its auditor for fiscal year ending December 2019 after dropping KPMG LLP, the company said in a regulatory filing on Friday.
< businessNews > - Reurers-Business 23:13June 14, 2019Wall Street ends slightly lower with Fed in focusU.S. stocks ended lower on Friday, with investors cautious going into next week's Federal Reserve meeting, while a warning from Broadcom of a broad weakening in global demand weighed on chipmakers.
< businessNews > - Reurers-Business 23:11June 14, 2019Mexico ready to retaliate if U.S. imposes tariffs: ministerMexico will be ready to retaliate in kind if the U.S. government imposes tariffs on Mexican exports to the United States, Mexican Economy Minister Graciela Marquez said on Friday.
< businessNews > - Reurers-Business 23:06June 14, 2019Perdue Foods enters crowded plant-based alternative meat marketPerdue Foods, one of America's largest chicken producers, said it will sell frozen chicken nuggets mixed with cauliflower, chickpeas and plant protein to address a growing demand for products combining meat and vegetables.
< businessNews > - Reurers-Business 22:52June 14, 2019Bumble owner to spend $100 million on dating appsThe owner of dating app Bumble said on Friday it would revamp its holding structure and spend $100 million, as it looks to better compete with Match Group's Tinder.
< businessNews > - Reurers-Business 22:46June 14, 2019Italy's industry ministry open to any discussions on Alitalia, including with AtlantiaItaly's industry ministry is open to discussions with any investor interested in the rescue of troubled carrier Alitalia, including infrastructure group Atlantia, two sources with knowledge of the matter said on Friday.
< businessNews > - Reurers-Business 22:42June 14, 2019Exclusive: Mexico blamed Walmart's size, access to rivals' data in blocking app dealMexican officials blocked Walmart Inc's deal to buy delivery app Cornershop because Walmart could not guarantee a level playing field for rival retailers, whose customers use the app to order groceries and other goods, according to an official document and an interview with the top competition regulator this week.
< businessNews > - Reurers-Business 22:30June 14, 2019Wall Street steadies, Broadcom warning hits chip stocksU.S. stocks were flat to lower in late afternoon trading on Friday, though a warning from Broadcom of a broad weakening in global demand weighed on chipmakers.
< businessNews > - Reurers-Business 22:23June 14, 2019Italy's industry ministry open to discuss with everyone, including Atlantia, on Alitalia: sourcesItaly's industry ministry is open to discussions with any investor interested in the rescue of troubled carrier Alitalia, including infrastructure group Atlantia, two sources with knowledge of the matter said on Friday.
< businessNews > - Reurers-Business 21:56June 14, 2019Global stocks edge lower on data, oil rises on geopolitical fearsEquity markets lost ground on Friday as weak Chinese data stoked investor anxieties over a global growth slowdown and mounting fears of a U.S.-Iran confrontation added to geopolitical uncertainty, sending oil prices higher.
< businessNews > - Reurers-Business 21:48June 14, 2019Airbus urges UTC not to be distracted by Raytheon dealAirbus said on Friday it had urged United Technologies to "keep its eye on the ball" in its role as a commercial aerospace supplier as it moves toward a planned merger with U.S. defense contractor Raytheon.
< businessNews > - Reurers-Business 21:41June 14, 2019Bombardier opening new California rail-car assembly siteCanada's Bombardier is opening a new facility in California that will assemble rail cars for San Francisco's rapid transit system by year's end, and potentially serve other West Coast rail projects.
< businessNews > - Reurers-Business 20:57June 14, 2019Stocks edge lower, gold gains on slowdown, geopolitical fearsEquity markets struggled and safe-haven assets like gold were in demand on Friday as weak Chinese data stoked investor anxieties over a global growth slowdown and fears of a U.S.-Iran confrontation added to geopolitical uncertainty.
< businessNews > - Reurers-Business 20:43June 14, 2019Strong U.S. retail sales improve economy's fortunesU.S. retail sales increased in May and sales for the prior month were revised higher, suggesting a pick-up in consumer spending that eased fears the economy was slowing down sharply in the second quarter.
< businessNews > - Reurers-Business 20:26June 14, 2019Broadcom's $2 billion warning rattles global chip sectorBroadcom Inc sent a shockwave through the global chipmaking industry on Friday with its forecast that U.S.-China trade tensions and the ban on doing business with Huawei Technologies would knock $2 billion off the company's sales this year.
< businessNews > - Reurers-Business 20:25June 14, 2019Wall Street drops as Broadcom warning hits chip stocksU.S. stocks dropped on Friday, as shares of chipmakers sank on a warning from sector major Broadcom of a broad weakening in global demand and Chinese data pointed to the worst slowdown in industrial growth in 17 years.
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