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Updated: 33 min 5 sec ago

Parent of Burger King, Tim Hortons to curb antibiotics in chicken

Thu, 06/22/2017 - 4:32pm
LOS ANGELES (Reuters) - The parent of Burger King and Tim Hortons on Thursday vowed to cut the use of antibiotics in its chicken supply, joining other major fast-food chain operators in the battle against the rise of dangerous antibiotic-resistant bacteria known as superbugs.

Airbus' Leahy reveals negotiating tricks after 'last air show'

Thu, 06/22/2017 - 3:48pm
PARIS (Reuters) - Airbus sales chief John Leahy, one of the dominant figures of modern aviation, hinted on Thursday he would retire this autumn, as he wrapped up what he said would be his last air show by revealing a few precious negotiating tricks.

Unilever shows innovation still intact with 'once-in-a-decade' laundry soap

Thu, 06/22/2017 - 3:43pm
PORT SUNLIGHT, England (Reuters) - Nearly three months after Unilever CEO Paul Polman promised shareholders greater returns coupled with investments to drive growth, the launch of what it calls the biggest laundry breakthrough in a decade will be a key test of whether it can put its money where its mouth is.

U.S. health sector hits record high on Senate bill, biotech rally

Thu, 06/22/2017 - 3:37pm
NEW YORK (Reuters) - U.S. healthcare stocks posted sharp gains on Thursday, with hospitals and insurers climbing after Senate Republicans released a draft bill to replace Obamacare, while a recent surge in biotechnology shares showed no signs of slowing.

Exclusive: Amazon to charge $2.8 million for NFL ad packages - sources

Thu, 06/22/2017 - 2:48pm
NEW YORK (Reuters) - Inc is looking to charge advertisers $2.8 million for packages that include 30-second spots during the Thursday night National Football League games it will stream live to its Prime customers this coming season, two people familiar with the matter told Reuters.

U.S. regulators, lawmakers support Volcker rule revamp at hearing

Thu, 06/22/2017 - 2:36pm
WASHINGTON (Reuters) - U.S. financial regulators and lawmakers who appeared at a congressional hearing on Thursday generally agreed that the Volcker rule, which restricts banks' ability to make bets with their own money, needs to be reconsidered.

CEO Zuckerberg tweaks Facebook mission to focus on groups

Thu, 06/22/2017 - 2:26pm
SAN FRANCISCO (Reuters) - Facebook Inc Chief Executive Mark Zuckerberg revised the world's largest online social network's mission statement on Thursday to emphasize support for hobby clubs, civil society organizations and other community groups.

Home Capital's shares surge as Buffett rides to rescue

Thu, 06/22/2017 - 1:55pm
TORONTO (Reuters) - Warren Buffett's Berkshire Hathaway Inc is providing a C$2 billion loan to Home Capital Group Inc and taking a 38 percent stake in the lender, with the U.S. billionaire pitching himself against short-sellers who have targeted the stock as Canada's housing market has turned riskier.

Exclusive: Uber hires law firm to probe how it handled India rape case - source

Thu, 06/22/2017 - 1:37pm
SAN FRANCISCO/NEW DELHI (Reuters) - Uber Technologies Inc [UBER.UL] has hired a law firm to investigate how it obtained the medical records of an Indian woman who was raped by an Uber driver in 2014. The review will focus in part on accusations from some current and former employees that bribes were involved, two people familiar with the matter told Reuters.

Tesla moves a step closer to building electric cars in China

Thu, 06/22/2017 - 11:52am
(Reuters) - Tesla Inc took a step closer toward establishing an electric vehicle manufacturing plant in China with its announcement on Thursday that it is in exploratory talks with the Shanghai municipal government.

U.S. banks look to rebuild European football from the ground up

Thu, 06/22/2017 - 11:03am
LONDON (Reuters/IFR) - U.S. banks that have carved out a lucrative niche financing the construction and renovation of sports stadia are making a push into Europe, signing a major deal with English Premier League soccer club Tottenham Hotspur last month.

AT&T unclear what final merger conditions Justice Department will seek

Thu, 06/22/2017 - 10:26am
WASHINGTON (Reuters) - AT&T Inc was confident it would win regulatory approval for its $85.4 billion acquisition of Time Warner Inc before year's end as the Justice Department continues its review, but was still awaiting details about any final requirements for the deal, a senior executive said.

American Airlines says Qatar Airways interested in buying 10 pct stake

Thu, 06/22/2017 - 8:50am
(Reuters) - American Airlines Group Inc said on Thursday that Qatar Airways, the Gulf country's state-owned airline, had expressed interest in buying a 10 percent stake worth at least $808 million in the No.1 U.S. airline.

U.S. jobless claims rise, labor market still tight

Thu, 06/22/2017 - 8:39am
WASHINGTON, (Reuters) - The number of Americans filing for unemployment benefits increased slightly last week, but remains at levels consistent with a tight labor market.

Exclusive: China Unicom counts Alibaba, Tencent among investors in drive to raise $10 billion - sources

Thu, 06/22/2017 - 7:47am
HONG KONG (Reuters) - Chinese tech giants Alibaba Group Holdings and Tencent Holdings will be among new investors pouring a total of around $10 billion into mobile carrier China Unicom, sources said, part of efforts by Beijing to rejuvenate state behemoths with private cash.

Sales chief says Boeing won 571 orders and commitments

Thu, 06/22/2017 - 7:38am
PARIS (Reuters) - Boeing said it had won 571 orders and commitments for jetliners at the Paris Airshow, upstaging European rival Airbus after the launch of a new model of its 737 MAX passenger jet.

Citi hires UBS banker as China head of corporate, investment banking: memo

Thu, 06/22/2017 - 7:29am
HONG KONG (Reuters) - Citigroup Inc has appointed UBS Group AG senior China banker Jiang Guorong as its chairman and head of China corporate and investment banking, according to an internal memo seen by Reuters on Thursday.

Stock futures flat as oil prices remain under pressure

Thu, 06/22/2017 - 7:26am
(Reuters) - U.S. stock index futures were little changed on Thursday as oil edged up from multi-month lows but prices remained under pressure.

Tesla reaches agreement with Shanghai to explore production: Bloomberg

Thu, 06/22/2017 - 6:30am
Tesla's revenue from China more than tripled to over $1 billion last year, according to its annual report.

Indian IT sector lobby group sees export growth at 7-8 percent for 2017-18

Thu, 06/22/2017 - 6:13am
(Reuters) - A leading lobby group for India's IT industry on Thursday forecast the sector's export revenues to grow at 7-8 percent for the year to March, around the growth levels seen last year, as the industry faces continued headwinds from the U.S. market.