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Updated: 40 min 20 sec ago

Congress takes steps to push budget deadline, avert shutdown

Thu, 04/27/2017 - 11:36am
WASHINGTON (Reuters) - The U.S. Congress began moving to extend Friday's budget deadline until May 5 and was expected to pass legislation allowing more time to finalize a spending deal to fund the federal government through September and avoid a shutdown.

Apple in talks to launch money-transfer service: Recode

Thu, 04/27/2017 - 11:17am
(Reuters) - Apple Inc has held talks with payments industry partners about launching a money-transfer service, technology news website Recode reported on Thursday.

U.S. economy likely barely grew in first quarter: Atlanta Fed

Thu, 04/27/2017 - 10:26am
NEW YORK (Reuters) - The U.S. economy likely expanded at just a 0.2 percent annualized pace in the first quarter, following weaker-than-forecast data on durable goods orders and advance data for the goods trade balance in March, the Atlanta Federal Reserve's GDP Now forecast model showed on Thursday.

Jobless claims rise, but four-week average at two-month low

Thu, 04/27/2017 - 8:34am
filing for unemployment benefits rose more than expected last

U.S. core capital goods orders, shipments increase in March

Thu, 04/27/2017 - 8:33am
WASHINGTON7 (Reuters) - New orders for key U.S.-made capital goods rose less than expected in March, but a second straight monthly increase in shipments suggested business investment accelerated in the first quarter amid a recovering energy sector.

UPS first-quarter profit tops estimates as revenue rises

Thu, 04/27/2017 - 8:25am
NEW YORK (Reuters) - United Parcel Service Inc reported a higher quarterly net profit on Thursday as revenue grew across its domestic, international and supply chain and freight segments.

Dow Chemical profit beats as consumer focus pays off

Thu, 04/27/2017 - 7:52am
(Reuters) - Dow Chemical Co , which is merging with DuPont , reported a stronger-than-expected quarterly profit as the seeds and chemical maker benefited from its transformation into a consumer markets focused company.

Tomahawk missile maker Raytheon's sales rise 3.4 percent

Thu, 04/27/2017 - 7:51am
(Reuters) - Raytheon Co reported a 3.4 percent rise in quarterly revenue, helped by higher sales in its divisions that make Tomahawk cruise missiles and electronic warfare systems.

Futures flat as Trump tax plan offers little cheer

Thu, 04/27/2017 - 7:44am
(Reuters) - U.S. stock index futures were flat on Thursday as President Donald Trump's highly anticipated proposal to reform the tax code failed to impress investors.

Ford first quarter profit beats estimates, reiterates 2017 profit outlook

Thu, 04/27/2017 - 7:38am
DETROIT (Reuters) - Ford Motor Co on Thursday reported a lower quarterly net profit that beat analyst expectations, and reiterated its pretax profit forecast for 2017.

Italy's Atlantia taps pool of banks to finance Abertis' bid: sources

Thu, 04/27/2017 - 7:32am
LONDON (Reuters) - Italian toll-road operator Atlantia has tapped a consortium of banks to finance an upcoming cash-and-share bid for Spanish rival Abertis , sources close to the matter told Reuters, as it seeks to create an industry giant with a market value of more than 35 billion euros ($38.17 billion).

EU trade chief sees a good case to resume EU-U.S. free trade talks

Thu, 04/27/2017 - 6:31am
COPENHAGEN (Reuters) - The European Union sees a good case for reviving frozen free trade talks with the United States, its trade commissioner said on Thursday.

Investors eye Elliott's Plan B as BHP shake-up push falters

Thu, 04/27/2017 - 4:24am
LONDON/SYDNEY (Reuters) - Two weeks after Elliott Management's surprise assault on BHP Billiton, the fund manager's three-point demand for change is gaining little traction with investors, prompting expectations a second strike is imminent.

Empty Pearl River Delta branches a check on HSBC's China plan

Thu, 04/27/2017 - 4:03am
DONGGUAN, China/LONDON/HONG KONG (Reuters) - In the digital age, footfall in bricks-and-mortar outlets is an incomplete measure of business activity, but HSBC's empty branches in the Pearl River Delta (PRD) suggest it's not all plain sailing for the bank's expansion in mainland China.

United Airlines CEO answers lawmakers on passenger dragging incident

Thu, 04/27/2017 - 2:12am
(Reuters) - United Airlines Chief Executive Oscar Munoz said less than one passenger was involuntarily denied boarding per 23,000 on an average last year, responding to questions from lawmakers regarding the rough removal of a passenger from one of its flights.

China, Europe pledge closer aviation ties ahead of landmark jet launch

Thu, 04/27/2017 - 1:18am
SHANGHAI (Reuters) - Chinese and European aviation regulators said on Thursday they will forge closer ties over aircraft manufacturing and certification as the global industry turns its eyes to China ahead of the maiden flight of the Chinese-built C919 jet.

United to offer passengers up to $10,000 to surrender seats

Thu, 04/27/2017 - 1:06am
NEW YORK (Reuters) - United Airlines said on Thursday it would offer passengers who volunteer to forfeit their seats on overbooked flights up to $10,000 as part of the carrier's efforts to repair the damage from the rough removal of a passenger.

Trump tells Canada, Mexico, he won't terminate NAFTA treaty: White House

Wed, 04/26/2017 - 11:39pm
WASHINGTON (Reuters) - U.S. President Donald Trump told the leaders of Canada and Mexico on Wednesday that he will not terminate the NAFTA treaty but will renegotiate it with them, a White House statement said.

Judge says Exxon owes $19.95 million for Texas refinery pollution

Wed, 04/26/2017 - 10:23pm
HOUSTON (Reuters) - A federal judge ruled on Wednesday that ExxonMobil Corp should pay a $19.95 million penalty for pollution from its Baytown, Texas, refinery between 2005 and 2013, according to the decision accompanying the ruling.

Oil prices fall on lingering oversupply concerns

Wed, 04/26/2017 - 9:44pm
SINGAPORE (Reuters) - Oil prices dipped on Thursday, weighed down by a general sentiment of globally bloated markets, though traders said that prices seemed to have found support around current levels.