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Updated: 32 min 30 sec ago

Uber improves conditions for British drivers, adds tips

Mon, 08/14/2017 - 8:02am
LONDON (Reuters) - Taxi app Uber will improve conditions for its British drivers with changes including in-app tipping, after criticism from lawmakers and unions for not giving them more rights.

Futures higher as North Korea tensions ease slightly

Mon, 08/14/2017 - 7:32am
(Reuters) - U.S. stock index futures were higher on Monday as tensions on the Korean peninsula eased slightly after key U.S. officials played down the risk of an imminent war with North Korea.

Aldi enters grocery delivery in partnership with Instacart

Mon, 08/14/2017 - 1:28am
CHICAGO (Reuters) - German grocery chain Aldi Inc [ALDIEI.UL] said on Sunday it has partnered with Instacart Inc to deliver groceries in three U.S. cities, a move that comes amid intense competition and disruption in the industry.

China's Fosun says unit bidding for U.S. speciality drugmaker Arbor

Mon, 08/14/2017 - 12:48am
HONG KONG (Reuters) - A unit of Chinese conglomerate Fosun Group's pharmaceutical business on Monday said it is bidding for a stake in U.S. speciality drugmaker Arbor Pharmaceuticals LLC.

Oil markets steady as strong demand is met by ample supplies

Sun, 08/13/2017 - 9:06pm
SINGAPORE (Reuters) - Oil prices were steady early on Monday, supported by strong demand and falling inventories, but still under pressure from high output.

Asian shares bounce after losses, dollar sags on weak U.S. CPI

Sun, 08/13/2017 - 8:52pm
TOKYO (Reuters) - Asian stocks bounced on Monday after three losing sessions, tracking a firmer Wall Street, while the dollar was weighed down by weak U.S. inflation data which dampened prospects of another Federal Reserve interest rate hike later this year.

China a sweet spot for U.S. companies’ earnings in second quarter

Sun, 08/13/2017 - 7:08pm
SHANGHAI (Reuters) - Trade tensions between Washington and Beijing may be running high but Corporate America is finding China to be a reliable source of profit growth this year.

Exclusive: Arab bloc won't discriminate against U.S. firms in Qatar rift - sources

Sun, 08/13/2017 - 7:52am
DUBAI (Reuters) - Four Arab countries that imposed sanctions on Qatar have told the United States that U.S. companies doing business with them would not be punished for also working with Doha, four sources with knowledge of the matter said.

North Korea factories humming with 'Made in China' clothes, traders say

Sat, 08/12/2017 - 9:32pm
DANDONG, China (Reuters) - Chinese textile firms are increasingly using North Korean factories to take advantage of cheaper labor across the border, traders and businesses in the border city of Dandong told Reuters.

Iran in talks to buy 48 Airbus helicopters: report

Sat, 08/12/2017 - 10:22am
DUBAI (Reuters) - Iran is holding talks with European planemaker Airbus to buy 48 helicopters for civilian use, an Iranian official was on Saturday quoted as saying, as Iran continues its shopping spree of Western aircraft after the lifting of sanctions.

Pentagon's empty posts cause uncertainty for defense contractors

Fri, 08/11/2017 - 5:54pm
WASHINGTON (Reuters) - U.S. President Donald Trump's failure to fill dozens of senior-level positions at the Pentagon is making it difficult for defense contractors to forecast business.

Anthem to exit Obamacare market in Virginia next year

Fri, 08/11/2017 - 5:48pm
(Reuters) - U.S. health insurer Anthem Inc said on Friday it will exit Obamacare markets in Virginia and reduce its plan offerings in Washington and Scott counties and the city of Bristol next year.

Lockheed Martin wins $8 billion U.S. special forces contract: Pentagon

Fri, 08/11/2017 - 5:47pm
WASHINGTON (Reuters) - Lockheed Martin Corp has been awarded an $8 billion contract for global logistics support services for U.S. special operations forces, the Pentagon said on Friday.

Uber investors seek to oust Benchmark after 'destructive' lawsuit: report

Fri, 08/11/2017 - 5:12pm
SAN FRANCISCO (Reuters) - A lawsuit filed by investor Benchmark Capital against ousted Uber Chief Executive Travis Kalanick has raised the ire of three investors who on Friday asked the venture firm to divest its shares and step down from the ride-services company's board, according to an email published by news website Axios.

Third Point takes 1.6 million share stake in BlackRock, 4.5 million in Alibaba

Fri, 08/11/2017 - 5:05pm
NEW YORK (Reuters) - Dan Loeb's Third Point took a 1.6 million-share stake in BlackRock Inc and reinitiated a stake in Alibaba Group Holding of 4.5 million shares during the second quarter ended June 30, according to regulatory filings late on Friday.

Facebook OKs local firm's launch of Moments-like app in China: New York Times

Fri, 08/11/2017 - 4:27pm
(Reuters) - Facebook Inc, whose social media platform is blocked in China, authorized a local company to launch a photo-sharing application in the country in May, the New York Times reported, citing a person with knowledge of the company's plans.

Bond investors seen giving Tesla a $1.8 billion endorsement

Fri, 08/11/2017 - 4:22pm
NEW YORK (Reuters) - Bond investors on Friday were poised to give a $1.8 billion boost to Tesla Inc's balance sheet by snapping up the electric car maker's first foray into the U.S. junk bond market, where yield-hungry investors have raced to lock in relatively higher returns.

Audits show lax oversight by Wisconsin agency counting Foxconn jobs

Fri, 08/11/2017 - 3:14pm
CHICAGO (Reuters) - The Wisconsin agency tasked with holding Foxconn accountable for delivering up to 13,000 jobs in exchange for $1.5 billion in state payroll tax credits has a history of failing to verify job-creation claims and rewarding companies that fall short of quotas, according to state audits.

GM blasts $1 billion deal between ignition switch plaintiffs, creditor trust

Fri, 08/11/2017 - 3:07pm
(Reuters) - Plaintiffs suing General Motors Co over faulty ignition switches and other alleged vehicle defects have reached a $1 billion settlement requiring the automaker to turn over that amount of stock, a lawyer for the plaintiffs said in a court hearing on Friday.

Monte dei Paschi reports 3.1 billion euro loss as state steps in

Fri, 08/11/2017 - 2:09pm
MILAN (Reuters) - Monte dei Paschi di Siena reported a 3.1 billion euro ($3.7 billion) second-quarter loss after additional writedowns on the bad loans Italy's fourth biggest bank is selling as part of its bailout by the state.