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Updated: 41 min 7 sec ago

Automakers ask California to ease rules for self-driving car tests

Tue, 04/25/2017 - 7:18pm
WASHINGTON (Reuters) - Automakers on Tuesday urged the state of California to further ease its proposed regulations for autonomous vehicles, saying the state did not respond to their earlier objections by making enough revisions to its planned set of rules for self-driving cars.

UGG brand owner Deckers explores sale

Tue, 04/25/2017 - 5:41pm
(Reuters) - Deckers Outdoor Corp said on Tuesday it was exploring strategic alternatives, including a sale of the company, a month after an activist investor urged the apparel and accessories maker to sell itself.

AT&T unexpectedly loses postpaid subscribers in first quarter

Tue, 04/25/2017 - 4:43pm
(Reuters) - AT&T Inc's quarterly revenue missed estimates on lower equipment sales, the company said on Tuesday, as customers held onto their phones longer and it lost wireless subscribers who pay a monthly bill.

U.S. Supreme Court may limit where companies can be sued

Tue, 04/25/2017 - 3:46pm
WASHINGTON (Reuters) - The U.S. Supreme Court on Tuesday appeared poised to clamp down on where corporations can be sued, a potential setback for plaintiffs' lawyers who strive to bring cases in courts and locales they consider friendly.

Toshiba to drop its auditor: Nikkei

Tue, 04/25/2017 - 2:23pm
(Reuters) - Toshiba Corp has decided to drop its auditor PricewaterhouseCoopers (PwC) Aarata, which declined to approve the company's full-year financial statement, the Nikkei financial daily reported.

JetBlue delays some jet deliveries, swaps Airbus models

Tue, 04/25/2017 - 2:20pm
NEW YORK (Reuters) - JetBlue Airways Corp said it is postponing delivery of 13 aircraft scheduled for 2019 and 2020, and has swapped its 2018 Airbus order of A321neos to 11 A321ceos, which have an earlier engine design.

Exclusive: GE in talks with Irish firm on Chilean wind venture - sources

Tue, 04/25/2017 - 12:13pm
SANTIAGO (Reuters) - General Electric Co is in talks with an independent energy producer to make a significant move into wind power in Chile, two people with knowledge of the process told Reuters, as the conglomerate expands its global renewable footprint.

Citigroup shareholder meeting briefly interrupted by protesters

Tue, 04/25/2017 - 11:22am
NEW YORK (Reuters) - The Citigroup Inc annual shareholder meeting was briefing interrupted by protesters beating a drum and calling for divestitures from resource extraction businesses.

McDonald's profit beats as turnaround gains steam, shares at record high

Tue, 04/25/2017 - 10:48am
(Reuters) - McDonald's Corp reported a better-than-expected rise in quarterly profit and U.S. same-restaurant sales on lower costs, promotions on popular menu items like Big Macs and an expanded all-day breakfast menu.

Consumer confidence slips; new home sales hit eight-month high

Tue, 04/25/2017 - 10:42am
WASHINGTON (Reuters) - U.S. consumer confidence fell from a more than 16-year high in April, but a surge in new home sales to an eight-month high last month suggested underlying strength in the economy despite an apparent sharp slowdown in growth in the first quarter.

U.S. home prices rise faster than expected in February

Tue, 04/25/2017 - 9:14am
NEW YORK (Reuters) - U.S. single-family home prices accelerated at a faster pace than expected in February, supported by a low inventory of housing stock, a survey showed on Tuesday.

April U.S. auto sales seen down nearly 2 percent: JD Power and LMC

Tue, 04/25/2017 - 9:05am
DETROIT (Reuters) - U.S. auto sales in April likely fell almost 2 percent from a year earlier, with consumer discounts remaining at levels high enough to threaten the industry's long-term health, industry consultants J.D. Power and LMC Automotive said on Tuesday.

Akzo Nobel backs its chairman, still studying PPG offer

Tue, 04/25/2017 - 8:51am
AMSTERDAM (Reuters) - The chairman of Dutch paint-maker Akzo Nobel, Antony Burgmans, told shareholders at their annual meeting that the company is not yet ready to respond to a 26.9 billion takeover proposal by U.S. peer PPG Industries .

Futures rise on Trump tax talk; earnings in focus

Tue, 04/25/2017 - 7:44am
(Reuters) - U.S. stock index futures rose on Tuesday, building on a day-earlier rally as investors assessed quarterly earnings, while awaiting a major tax plan from President Donald Trump.

Post-it maker 3M's quarterly profit rises 3.8 percent

Tue, 04/25/2017 - 7:40am
(Reuters) - 3M Co , which makes Scotch tape and Post-it notes, reported a 3.8 percent rise in quarterly profit, helped by strong growth in Asia and Latin America.

Coca-Cola's profit misses as refranchising costs weigh

Tue, 04/25/2017 - 7:25am
(Reuters) - Coca-Cola Co reported a smaller-than-expected quarterly profit due to higher costs related to refranchising its North America bottling operations.

Investors take another look at opinion polls after French vote

Tue, 04/25/2017 - 7:03am
LONDON (Reuters) - Pollsters picked the two candidates to make it into next month's French presidential election run-off, going some way to restoring their reputation in financial markets before other important votes across Europe.

Eli Lilly's profit beats on demand for newer drugs

Tue, 04/25/2017 - 7:00am
(Reuters) - Eli Lilly and Co reported a bigger-than-expected quarterly adjusted profit as the drugmaker benefited from higher demand for its newer products including diabetes treatment Trulicity and psoriasis drug Taltz.

DuPont profit beats on strong seed demand

Tue, 04/25/2017 - 6:19am
(Reuters) - Chemicals and seeds producer DuPont , which is merging with Dow Chemical Co , reported a better-than-expected profit for the seventh straight quarter, helped by a rise in seed sales.

Gazprom CEO sees share of EU gas market rising despite LNG rivals

Tue, 04/25/2017 - 6:15am
LONDON (Reuters) - A new pipeline from Russia's Arctic fields to Germany will boost Moscow's share of the European gas market despite competition from Qatar and the United States, and will also mean much less fuel goes via Ukraine, Russian gas monopoly Gazprom said.