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Updated: 33 min 4 sec ago

Ford will speed shift to SUVs to boost profit, shares

Thu, 03/15/2018 - 2:32pm
DEARBORN, Mich. (Reuters) - Ford Motor Co executives on Thursday disclosed ambitious plans to shift the struggling automaker's product portfolio from passenger cars to SUVs, add more hybrid and pure electric vehicles, and reduce development and manufacturing costs - moves aimed at boosting Ford's profit and share price.

Mexican minister ramps up pressure for speedy NAFTA deal

Thu, 03/15/2018 - 2:00pm
SAO PAULO (Reuters) - Mexico's economy minister on Thursday urged officials to push for a speedy renegotiation of the North American Free Trade Agreement (NAFTA), saying his country and Canada must be ready to go it alone if the United States pulls out.

Goldman Sachs sees reshaping of industries driving M&A

Thu, 03/15/2018 - 1:39pm
NEW ORLEANS (Reuters) - Major shifts in industries ranging from semiconductors and food to beverages and pharmaceuticals will keep fueling the blistering pace of mergers and acquisitions, one of Goldman Sachs Group Inc's top dealmakers said on Thursday.

Dow gains as trade war worries ebb on Navarro's comments

Thu, 03/15/2018 - 1:29pm
(Reuters) - The Dow Jones Industrial Average added more than 200 points on Thursday as industrial stocks gained after the White House trade adviser sought to play down chances of a trade war due to protectionist policies.

Bayer faces U.S. antitrust hurdles for Monsanto merger: Bloomberg

Thu, 03/15/2018 - 1:06pm
(Reuters) - Bayer AG's plan to win antitrust approval to buy U.S. seeds supplier Monsanto Co has not satisfied U.S. officials, who are worried the $62.5 billion merger could hurt competition, Bloomberg reported on Thursday.

How Congo faced down some of the world's biggest mining firms

Thu, 03/15/2018 - 1:01pm
DAKAR (Reuters) - In an ornate room in Democratic Republic of Congo's presidential palace last week, some of global mining's most powerful men faced off against government officials over proposed changes to the country's mining code.

Buffett's Dairy Queen sues W.B. Mason over 'Blizzard'

Thu, 03/15/2018 - 12:23pm
(Reuters) - Warren Buffett's favorite ice cream company has kicked up a legal storm over the "Blizzard."

China's consumer day show targets Volkswagen, bike sharing

Thu, 03/15/2018 - 12:14pm
BEIJING/SHANGHAI (Reuters) - China's annual consumer day TV show took aim at Volkswagen and the country's fast-growing bike-sharing market on Thursday in an otherwise subdued outing for the once feared event.

Wall Street gains as White House plays down trade war chances

Thu, 03/15/2018 - 11:54am
(Reuters) - U.S. stocks rose on Thursday, lifted by technology companies and as industrials moved higher after the White House trade adviser said tariffs could be applied without provoking a trade war.

GM to invest $100 million to upgrade facilities to build self-driving cars

Thu, 03/15/2018 - 11:41am
WASHINGTON (Reuters) - General Motors Co said Thursday it will invest more than $100 million in two facilities as it prepares to build production versions of its Cruise self-driving car next year at its Orion Township assembly plant in Michigan.

Sky agrees to share information relevant to Fox-Disney deal

Thu, 03/15/2018 - 10:47am
LONDON (Reuters) - Sky , the European pay-TV group at the center of a takeover battle, said on Thursday it had entered into a confidentiality agreement with suitor Rupert Murdoch's Twenty-First Century Fox and Walt Disney .

Mexico, Canada should be set to continue with NAFTA without U.S.: minister

Thu, 03/15/2018 - 10:42am
SAO PAULO (Reuters) - Mexico and Canada should be ready to continue with a version of the North American Free Trade Agreement (NAFTA) without the United States, the Mexican economy minister said on Thursday.

Blue Apron plans to sell meal kits in stores in 2018

Thu, 03/15/2018 - 10:36am
(Reuters) - Blue Apron Holdings Inc said on Thursday it plans to sell meal kits in stores this year, as it attempts to spur growth by attracting more people to its subscription-based service.

Wall Street edges higher as industrial stocks attempt recovery

Thu, 03/15/2018 - 10:27am
(Reuters) - Wall Street's main indexes edged higher on Thursday as industrial stocks gained following three days of losses due to fears of trade war between China and the United States.

Wall Street opens higher as financial, energy stocks gain

Thu, 03/15/2018 - 9:38am
(Reuters) - Wall Street's main indexes opened higher on Thursday, led by gains in financial and energy stocks and support from strong economic data.

Barroso slams EU watchdog over probe of his Goldman Sachs role

Thu, 03/15/2018 - 9:29am
BRUSSELS (Reuters) - Former European Commission president Jose Manuel Barroso denied on Thursday he had lobbied ex-colleagues for his new employer Goldman Sachs, hitting back at what he has called a personal "political attack" by the EU's ethics watchdog.

Exclusive: HSBC has 59 percent gender pay gap, biggest among British banks

Thu, 03/15/2018 - 9:20am
LONDON (Reuters) - HSBC will reveal a gender pay gap of 59 percent at its main UK banking operation, the biggest yet disclosed by a British bank, according to a copy of the lender's report on the subject seen by Reuters on Thursday ahead of its publication.

U.S. job market tightening, inflation steadily rising

Thu, 03/15/2018 - 9:06am
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell last week, pointing to sustained labor strength even as economic growth appears to have slowed early in the first quarter.

Alibaba plans listing in mainland China: WSJ

Thu, 03/15/2018 - 9:03am
(Reuters) - E-commerce giant Alibaba Group Holding Ltd is working on a plan to list on a stock exchange in its home country, China, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

U.S. jobless claims fall as labor market strengthens

Thu, 03/15/2018 - 8:49am
WASHINGTON(Reuters) - The number of Americans filing for unemployment benefits fell last week, pointing to sustained labor strength even as economic growth appears to have slowed early in the first quarter.