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Updated: 31 min 27 sec ago

UnitedHealth names Wichmann CEO, Helmsley executive chairman

Wed, 08/16/2017 - 9:10am
NEW YORK (Reuters) - UnitedHealth Group Inc said on Wednesday president David Wichmann will become the company's chief executive, succeeding Stephen Hemsley, who is moving to the newly created role of executive chairman after more than a decade at the helm of the largest U.S. health insurer.

Merkel vows to pressure auto firms to boost electric cars

Wed, 08/16/2017 - 8:51am
BERLIN (Reuters) - Germany must exert pressure on auto companies to accelerate the transition to electric cars, Chancellor Angela Merkel said on Wednesday as German firms try to mend their reputation after a diesel emissions scandal.

Air Berlin CEO blames delays to new airport for insolvency

Wed, 08/16/2017 - 8:49am
FRANKFURT (Reuters) - Air Berlin's chief executive blamed long delays in the opening of a new Berlin airport for the German airline's insolvency in an interview published by Germany's Die Zeit.

Walnut whipped out as Nestle introduces nut-free fondants

Wed, 08/16/2017 - 8:20am
LONDON (Reuters) - Nestle risked an outbreak of consumer mockery on Wednesday by launching new versions of its popular Walnut Whip candies lacking the nutty ingredient after which they are named.

Uber sorry for Philippines 'misunderstanding', but suspension stands

Wed, 08/16/2017 - 7:55am
MANILA (Reuters) - The Philippine transport regulator stood by its one-month suspension of Uber Technologies Inc [UBER.UL] on Wednesday, despite its apology for a "misunderstanding" in failing to heed a directive to stop accepting new driver applications.

Futures higher ahead of Fed minutes

Wed, 08/16/2017 - 7:37am
(Reuters) - U.S. stock index futures were higher on Wednesday ahead of the minutes on the Federal Reserve's July policy meeting, which will offer clues on the future path of interest rate hikes.

Thomas Cook ready to play active role in Air Berlin's future

Wed, 08/16/2017 - 7:27am
BERLIN (Reuters) - Tour operator Thomas Cook and its German airline Condor are prepared to play an active role in a restructuring of insolvent carrier Air Berlin , Thomas Cook said on Wednesday.

Trump, in tweet, again blasts Amazon over taxes, jobs

Wed, 08/16/2017 - 6:51am
WASHINGTON (Reuters) - U.S. President Donald Trump on Wednesday criticized on Twitter over taxes and jobs and accused the global retailer, without evidence, of hurting U.S. localities and causing job losses.

Target posts higher quarterly comp sales after a year of declines

Wed, 08/16/2017 - 6:47am
(Reuters) - Target Corp reported a 1.3 percent rise in quarterly comparable sales, after a year of declines, helped by higher customer visits to its stores and website.

Deutsche Bank to beef up trade finance in emerging markets

Wed, 08/16/2017 - 5:51am
FRANKFURT (Reuters) - Deutsche Bank plans to beef up its trade finance business in the developing world, creating new jobs and investing in technology, it said on Wednesday.

Fiat Chrysler joins autonomous driving team of BMW, Intel, Mobileye

Wed, 08/16/2017 - 4:09am
SAN FRANCISCO (Reuters) - Fiat Chrysler is joining the self-driving alliance led by BMW Group, Intel Corp and its Mobileye subsidiary, becoming the second automaker in the year-old group to opt to partner in developing an autonomous driving platform.

As NAFTA talks begin, Trump's 'America First' agenda looms large

Wed, 08/16/2017 - 1:23am
WASHINGTON (Reuters) - As the United States, Canada and Mexico kick off negotiations on Wednesday to modernize the North American Free Trade Agreement, the biggest uncertainty is whether a deal can pass President Donald Trump's "America First" test.

Dollar revived by upbeat U.S. data, North Korea respite

Tue, 08/15/2017 - 9:51pm
SYDNEY (Reuters) - The dollar hoarded hefty gains on Wednesday after strong U.S. retail data put a Federal Reserve rate hike back on the agenda, while Asia stocks inched ahead as tensions over North Korea simmered down little.

Bombardier applies for judicial review against Metrolinx

Tue, 08/15/2017 - 8:42pm
(Reuters) - Bombardier Inc , which was excluded from bidding on a contract by Ontario-based transportation agency Metrolinx, said on Tuesday it had filed an application for judicial review.

China's Belt and Road acquisitions surge despite outbound capital crackdown

Tue, 08/15/2017 - 8:34pm
HONG KONG (Reuters) - Mergers and acquisitions by Chinese companies in countries that are part of the Belt and Road initiative are soaring, even as Beijing cracks down on China's acquisitive conglomerates to restrict capital outflows.

Elliott Management raises stake in BHP to 5 percent

Tue, 08/15/2017 - 7:34pm
MELBOURNE (Reuters) - Hedge fund Elliott Management has raised its stake in BHP Billiton to 5 percent, stepping up a campaign to make the top global miner quit all or part of its petroleum business, boost returns and ditch its dual listing.

Fractured U.S. solar sector argues at tariff hearing

Tue, 08/15/2017 - 6:24pm
(Reuters) - A bitterly divided U.S. solar power industry descended on Washington on Tuesday to testify before a government panel that has been asked to impose steep tariffs on imported solar panels.

FTC asks Clariant, Huntsman for more information on planned merger

Tue, 08/15/2017 - 6:00pm
(Reuters) - Swiss chemicals maker Clariant AG and U.S.-based Huntsman Corp said on Tuesday U.S. regulators had asked for more information on their proposed merger, but they were confident of still closing the deal by the end of this year.

Tech companies ramp up NAFTA lobbying on eve of trade talks

Tue, 08/15/2017 - 5:08pm
WASHINGTON (Reuters) - Technology companies, such as Microsoft and Cisco Systems have ramped up lobbying ahead of talks to renegotiate the North American Free Trade Agreement, looking to avoid any future restrictions on cloud storage and to promote an international pact to eliminate technology goods tariffs.

Wells Fargo announces board changes, names new chair

Tue, 08/15/2017 - 4:21pm
(Reuters) - Wells Fargo & Co on Tuesday announced multiple changes in its board of directors, including a new chair, adding a new independent director and changing the composition of board committees.