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Updated: 22 min 33 sec ago

ADP rejects new board candidates, Ackman fires back

29 min 57 sec ago
(Reuters) - Automatic Data Processing Inc on Monday rejected billionaire investor William Ackman's three proposed board candidates, sparking more criticism from the hedge fund manager who is trying to shake up the human resources outsourcing firm.

Yahoo owes millions for busting NCAA tournament bracket deal: court

1 hour 24 min ago
(Reuters) - Yahoo Inc owes a prize promoter $5.5 million for backing out of a contract to pay $1 billion for predicting every winner in the 2014 NCAA men's basketball tournament, and entering a similar contract with Quicken Loans Inc and Warren Buffett's Berkshire Hathaway Inc , a court decided on Monday.

U.S. funds get tougher on climate and diversity, but not CEO pay

3 hours 23 min ago
BOSTON (Reuters) - Even as top U.S. asset managers BlackRock Inc and State Street Corp pressed companies on climate and diversity issues this year, they made few waves on another area of corporate governance: CEO pay.

J&J ordered to pay $417 million in trial over talc cancer risks

3 hours 25 min ago
(Reuters) - Johnson & Johnson on Monday was ordered by a California jury to pay $417 million to a woman who claimed she developed ovarian cancer after using the company's talc-based products like Johnson's Baby Powder for feminine hygiene.

JPMorgan pledges up to $2 million to fight racism, support human rights

5 hours 21 min ago
NEW YORK (Reuters) - JPMorgan Chase & Co said on Monday it will contribute up to $2 million to fight racism and support human rights in light of a white nationalist rally in Charlottesville, Virginia, that led to violence and the death of a protester.

McDonald's to shut 169 outlets in India's north and east

6 hours 8 min ago
NEW DELHI (Reuters) - Fast food chain McDonald's said on Monday it planned to shut all 169 of its restaurants in India's northern and eastern regions, escalating a dispute with its local partner and potentially putting thousands of workers out of jobs.

U.S. workers have low hopes for higher pay: Fed survey

6 hours 11 min ago
NEW YORK (Reuters) - U.S. workers see little hope for higher paychecks, and while they are increasingly searching for new jobs, they expect fewer offers to fall into their laps, according to a Federal Reserve survey published on Monday.

Hong Kong property investors go trophy hunting in London despite Brexit

6 hours 46 min ago
LONDON (Reuters) - Chinese investment in London commercial property has more than trebled since before Britain voted to leave the European Union, most of it channeled through Hong Kong at a time of heightened political uncertainty in the former British colony.

VW in no hurry to sell assets, investments more important

8 hours 47 min ago
WOLFSBURG, Germany (Reuters) - Volkswagen is more focused on its multi-billion-euro shift towards electric vehicles and transport services than any potential sale of motorcycle brand Ducati or transmissions maker Renk, its head of strategy told Reuters.

PwC Japan exec denies political pressure on Toshiba audit

9 hours 30 min ago
TOKYO (Reuters) - The head of auditor PricewaterhouseCoopers Aarata LLC on Monday denied it came under political pressure to sign off on an annual financial report by Toshiba Corp, a move which helped the troubled Japanese conglomerate avert a delisting.

Futures flat; White House turmoil, North Korea in focus

9 hours 39 min ago
(Reuters) - U.S. stock index futures were flat on Monday, with investors keeping an eye on the White House as well as the tension between the United States and North Korea – themes that have affected the market the most in the past two weeks.

Special Report: Refiner Valero's secret campaign against U.S. biofuels mandates

10 hours 6 min ago
(Reuters) - U.S. biofuels regulations, which mandate mixing corn-based ethanol into gasoline, have lately drawn together a diverse cast of political opponents.

U.S. farmers confused by Monsanto weed killer's complex instructions

10 hours 28 min ago
CHICAGO (Reuters) - With Monsanto Co's latest flagship weed killer, dicamba, banned in Arkansas and under review by U.S. regulators over concerns it can drift in the wind, farmers and weed scientists are also complaining that confusing directions on the label make the product hard to use safely.

Cathay Pacific agrees to buy 32 Airbus planes at list price of $4.06 billion

10 hours 41 min ago
HONG KONG (Reuters) - Cathay Pacific Airways said on Monday it has agreed to buy 32 new planes from Airbus Group at a list price of $4.06 billion, just a week after it posted its worst first-half loss in at least two decades as it continued to lose customers.

Taiwan's Foxconn to build three ancillary facilities as part of Wisconsin LCD campus

10 hours 55 min ago
TAIPEI (Reuters) - Taiwanese electronics manufacturer Foxconn on Monday said it plans to build three facilities in the U.S. state of Wisconsin for operation as early as next year, as part of a campus housing a $10 billion liquid crystal display (LCD) factory due for 2020.

Total boosts North Sea business with $7.5 billion Maersk Oil deal

11 hours 36 min ago
PARIS/COPENHAGEN (Reuters) - Total is buying Maersk's oil and gas business in a $7.45 billion deal which the French energy major said would strengthen its operations in the North Sea and boost earnings and cash flow.

China's Great Wall confirms interest in Fiat Chrysler

12 hours 57 min ago
BEIJING/SHANGHAI (Reuters) - China's Great Wall Motor Co Ltd is interested in bidding for Fiat Chrysler Automobiles (FCA) , a company official said on Monday, confirming earlier reports that it is pursuing all or part of the owner of brands including Jeep and truckmaker Ram.

Great Wall asks to meet FCA, eyes offer for all or part of group: sources

14 hours 7 min ago
BEIJING (Reuters) - China's Great Wall Motor has asked for a meeting with Fiat Chrysler Automobiles (FCA) with the aim of making an offer for all or part of the Italian-American auto group, according to two individuals familiar with the move. 

Sempra Energy to buy Oncor for $9.45 billion in cash

14 hours 15 min ago
(Reuters) - Sempra Energy said it will buy power transmission company Oncor, 80 percent owned by Energy Future Holdings Corp, for $9.45 billion in cash, resolving the Texas utility's long-standing bankruptcy case.

Uber hikes Hong Kong fees amid legal troubles

15 hours 30 min ago
HONG KONG (Reuters) - Uber Technologies Inc on Monday hiked its Hong Kong fees by up to 80 percent after a review of its business there, the embattled ridesharing company said, adding it was not having issues financing its operations in the Asian financial hub.