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Updated: 38 min 1 sec ago

Exclusive: U.S. weighs financial sanctions to hit Venezuela's oil revenue - sources

2 hours 1 min ago
HOUSTON/WASHINGTON (Reuters) - The United States is considering financial sanctions on Venezuela that would halt dollar payments for the country's oil, according to a senior White House official and an adviser with direct knowledge of the discussions.

Deutsche Bank, JPMorgan to pay $148 million to end yen Libor cases in U.S.

2 hours 31 min ago
NEW YORK (Reuters) - Deutsche Bank AG and JPMorgan Chase & Co have agreed to pay a combined $148 million to end private U.S. antitrust litigation claiming they conspired with other banks to manipulate the yen Libor and Euroyen Tibor benchmark interest rates.

Small-cap rally could shrink on earnings, tax reform hurdles

3 hours 51 min ago
NEW YORK (Reuters) - Optimism is souring around small-cap stocks for some investors, with a host of factors conspiring to up-end gains that have taken them to record highs.

Lemonheads owner Ferrara eyes Nestle's candy business: sources

4 hours 23 min ago
(Reuters) - Ferrara Candy Co, the owner of candies such as Lemonheads and Now & Later chews, is preparing to participate in the auction for Swiss food group Nestle SA's U.S. candy business, people familiar with the matter said on Friday.

U.S. fines American Airlines, Delta, Frontier for violating consumer protection rules

5 hours 11 min ago
WASHINGTON (Reuters) - The U.S. Transportation Department said on Friday has fined Frontier Airlines, American Airlines and Delta Air Lines for violating the department’s airline consumer protection rules.

U.S. seeks to drop criminal charges in 'London Whale' case

6 hours 7 min ago
NEW YORK (Reuters) - U.S. prosecutors on Friday said they plan to drop criminal charges against two former JPMorgan Chase & Co derivatives traders over allegations they had a role in the "London Whale" trading scandal that caused $6.2 billion of losses.

U.S. lawyers suing Volkswagen get $300 million in fees, costs

7 hours 15 min ago
WASHINGTON (Reuters) - A federal judge on Friday approved $125 million in fees and costs for lawyers who sued Volkswagen AG on behalf of U.S. owners of 88,000 3.0 liter diesel vehicles over excess emissions.

Wells Fargo ordered to pay $575,000, reinstate whistleblower

7 hours 58 min ago
(Reuters) - The U.S. Department of Labor on Friday ordered Wells Fargo & Co to pay $575,000 and to rehire a whistleblower the bank had dismissed in September 2011 after the former employee raised concerns over the opening of customer accounts without their knowledge, the agency said in a statement.

U.S. IPO market may struggle to finish 2017 on a high

8 hours 1 min ago
(Reuters) - Underwhelming performances of Snap and Blue Apron since their high-profile market debuts, especially at a time when the U.S. stock market is hitting record highs, is an indication that the IPO market will not be as robust as expected this year.

India to quiz Philip Morris on marketing of Marlboro

8 hours 4 min ago
NEW DELHI (Reuters) - India plans to seek an explanation from Philip Morris International Inc about its marketing practices after Reuters reported that the tobacco giant used tactics that government officials say flout the country's law, a health ministry official said on Friday.

Democrats in Congress urge review of Amazon's Whole Foods bid

8 hours 18 min ago
WASHINGTON (Reuters) - A group of Democrats in Congress, in a letter this week, urged the Department of Justice and the Federal Trade Commission to conduct a more in-depth review of online retailer Amazon's plan to buy grocer Whole Foods.

Alitalia gets some 10 non-binding offers for the airline: source

8 hours 22 min ago
ROME (Reuters) - Struggling Italian airline has received about ten non-binding offers for the company, a source close to the matter said on Friday.

Hedge fund stung by unusual ruling over Sprint-Clearwire deal

9 hours 48 min ago
WILMINGTON, Del (Reuters) - A Delaware judge ruled Friday that wireless carrier Clearwire Corp was sold in 2013 for more than twice its fair value, a decision that dealt a stinging loss to the Aurelius Capital Management hedge fund which spent years battling to prove Clearwire was vastly underpriced.

Global pizza brands battle for Russia's far-flung regions

10 hours 42 min ago
MOSCOW (Reuters) - Global pizza brands Domino's and Papa John's are preparing an assault on Russia's provinces, betting they can turn a profit far from Moscow as online card payments become more widespread and consumers get to know foreign brands better.

Ford to petition to avoid recall of 2.2 million vehicles

10 hours 59 min ago
WASHINGTON, (Reuters) - Ford Motor Co will petition to avoid an immediate recall of about 2.2 million vehicles with Takata air-bag inflators that the Japanese auto supplier declared defective last week, U.S. regulators and the automaker said Friday.

Freeport Indonesia mine workers extend strike for fourth month

11 hours 58 min ago
JAKARTA/TORONTO (Reuters) - An estimated 5,000 workers at the giant Grasberg copper mine operated by Freeport-McMoRan Inc's Indonesian unit will extend their strike for a fourth month, a union official said on Friday, in an ongoing dispute over layoffs and employment terms.

After false dawn, Big Oil to double down on cost cuts

12 hours 6 min ago
LONDON (Reuters) - After a brief respite at the start of the year, the world's top oil and gas companies are set to double down on cost cutting as a recovery in crude prices after a three-year slump falters.

Honeywell beats profit estimates, raises full-year forecasts

13 hours 9 min ago
(Reuters) - Honeywell International Inc reported a better-than-expected quarterly profit, as sales in its aerospace unit and the business that caters to the energy industry were not as bad as it had feared.

Bank of America picks Dublin as EU hub post Brexit

13 hours 13 min ago
LONDON (Reuters) - Bank of America has become the first Wall Street bank to pick Dublin to be its new base for its European Union operations as Britain prepares to leave the bloc, the firm said in a statement on Friday.

German automakers may have colluded over diesel emissions treatment systems: Spiegel

14 hours 16 min ago
FRANKFURT (Reuters) - Germany's carmakers VW , BMW , Audi, Porsche may have colluded to fix the prices of diesel emissions treatment systems using industry committees, German magazine Der Spiegel reported on Friday.