Business RSS

-A A +A
Subscribe to Business RSS feed Business RSS is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
Updated: 34 min 12 sec ago

Push on with the 'great unwinding', BIS tells central banks

Sun, 06/25/2017 - 6:45am
LONDON (Reuters) - Major central banks should press ahead with interest rate increases, the Bank for International Settlements said on Sunday, while recognizing that some turbulence in financial markets will have to be negotiated along the way.

Portugal investigating fraud linked to Venezuela PDVSA funds, PDVSA says

Sat, 06/24/2017 - 7:31pm
CARACAS (Reuters) - Portugal is investigating alleged appropriation of funds belonging to Venezuelan state oil company PDVSA [PDVSA.UL] that were channeled through now-defunct Portuguese bank Banco Espirito Santo between 2009 and 2014, PDVSA said on Saturday.

Internal dossier criticises Audi top management: Bild

Sat, 06/24/2017 - 6:09pm
FRANKFURT (Reuters) - German luxury carmaker Audi's management board, including Chief Executive Rupert Stadler, has been sharply criticised by company managers, Bild am Sonntag reported on Sunday, citing an internal dossier.

Italian government decree for Veneto banks delayed to Sunday: source

Sat, 06/24/2017 - 2:15pm
MILAN (Reuters) - An Italian government decree that will start liquidation proceedings for two ailing Veneto-based lenders, Banca Popolare di Vicenza and Veneto Banca, is set to be delayed to Sunday, a government source said.

CEO of Raytheon's Forcepoint eyes IPO: Boersen-Zeitung

Sat, 06/24/2017 - 1:33pm
FRANKFURT (Reuters) - U.S. missile maker Raytheon's cybersecurity unit could thrive were it to be listed separately, the head of the unit, Forcepoint, told German business daily Boersenzeitung in an interview published on Saturday.

India's Infosys says reassessing long-term goals due to tougher market

Sat, 06/24/2017 - 12:28pm
Bengaluru (Reuters) - Infosys Ltd, India's second-biggest software services exporter, is re-evaluating its long-term targets because tougher market conditions have made them appear "daunting", the company's chairman said on Saturday.

Oil's drop could leave a stain on earnings

Fri, 06/23/2017 - 8:53pm
NEW YORK (Reuters) - Heading into second-quarter earnings season, investors are looking for a continuation of strong U.S. company results to justify high stock valuations, now trading near their loftiest levels since 2004.

Even with Whole Foods, Amazon would need many more warehouses to reshape grocery delivery

Fri, 06/23/2017 - 7:48pm
(Reuters) - If Inc hopes to revolutionize grocery delivery, then its bid to buy Whole Foods Market Inc for $13.7 billion will be just the start of a long and costly process.

SeaWorld subpoenaed on disclosures about 'Blackfish' impact, trading

Fri, 06/23/2017 - 6:33pm
(Reuters) - SeaWorld Entertainment Inc said on Friday it received a subpoena from the U.S. Department of Justice in connection with an investigation over disclosures made about the impact of the "Blackfish" documentary and trading in the company's securities.

Anthem to pay record $115 million to settle U.S. lawsuits over data breach

Fri, 06/23/2017 - 6:18pm
(Reuters) - Anthem Inc , the largest U.S. health insurance company, has agreed to settle litigation over hacking in 2015 that compromised about 79 million people's personal information for $115 million, which lawyers said would be the largest settlement ever for a data breach.

VW ex-manager should stay in Germany: lawyer in Bild

Fri, 06/23/2017 - 6:05pm
BERLIN (Reuters) - A lawyer for one of the former Volkswagen managers sought in the United States in connection with the carmaker's diesel emissions-cheating scandal has advised him not to leave Germany, she told a German daily.

Italy to start winding down Veneto banks Saturday after EU green-light

Fri, 06/23/2017 - 5:14pm
MILAN/FRANKFURT (Reuters) - The European Commission on Friday gave preliminary approval for an Italian plan to wind down two ailing Veneto-based regional lenders with state money in a move that may allow Rome to solve its latest banking crisis on its own terms.

Exclusive: Eddie Bauer to explore options including sale - sources

Fri, 06/23/2017 - 4:04pm
(Reuters) - Debt-laden U.S. outerwear and outdoor gear retailer Eddie Bauer LLC has hired investment banks to explore strategic alternatives, including a potential sale of the company, people familiar with the matter said on Friday.

Exclusive: Wal-Mart not considering a bid for Whole Foods - source

Fri, 06/23/2017 - 4:01pm
(Reuters) - Wal-Mart Stores Inc is not actively considering making an offer for Whole Foods Market Inc, a source familiar with the matter told Reuters on Friday.

DBRS downgrades Cenovus after ConocoPhillips deal

Fri, 06/23/2017 - 3:35pm
CALGARY, Alberta (Reuters) - Ratings agency DBRS on Friday downgraded Cenovus Energy Inc, saying the Canadian oil company's acquisition of ConocoPhillips assets in March negatively affects its credit and more than outweighs the benefits of the deal.

Honda engineer debunks own claim about cause of Takata air bag failures

Fri, 06/23/2017 - 2:47pm
DETROIT (Reuters) - Honda Motor Co on Friday released a 2013 email in which one of its engineers suggested that he knew some hidden truth about "the root cause" of Takata Corp air bag failures, but the engineer later said he was mistaken.

Exclusive: Investment funds offered to invest in Italy's Veneto banks three weeks ago - sources

Fri, 06/23/2017 - 2:30pm
LONDON (Reuters) - A group of four international investment funds offered to inject 1.6 billion euros ($1.79 billion) of fresh capital into two ailing Italian banks in Veneto at the end of May, sources told Reuters, but their plan was not pursued by Rome.

GM says settles many lawsuits over ignition switches

Fri, 06/23/2017 - 2:25pm
NEW YORK (Reuters) - General Motors Co has reached a settlement to resolve lawsuits by 203 plaintiffs over defective ignition switches in many of its vehicles, lawyers for the automaker said in a court filing on Friday.

Russia's fighter jet makers 'not afraid' of U.S. competition in India

Fri, 06/23/2017 - 2:19pm
PARIS (Reuters) - Russian military aviation firm MiG said on Friday it was ready to deepen its cooperation with India, just days after U.S. arms maker Lockheed Martin Corp agreed with Tata Advanced Systems to build F-16 fighters there.

Official urges limited Fed role in addressing U.S. inequality

Fri, 06/23/2017 - 12:46pm
CLEVELAND (Reuters) - The Federal Reserve cannot directly address the problems of inequality, globalization and the challenges facing lower-income Americans, a Fed official said on Friday, though it can help identify solutions for legislators to take up.