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Updated: 34 min 56 sec ago

Crisis-hit Venezuela halts publication of another major indicator

Tue, 03/21/2017 - 11:40am
CARACAS (Reuters) - Venezuela has stopped publishing money supply data, depriving the public of the best available tool to ascertain soaring inflation in one of the world's worst-performing economies.

Wall St. opens higher; Nasdaq hits intraday record

Tue, 03/21/2017 - 9:34am
(Reuters) - U.S. stocks opened higher on Tuesday, with the Nasdaq composite hitting a record intraday high, tracking buoyant European and Asian markets and as oil prices rebounded.

Marriott to add up to 300,000 rooms by 2019

Tue, 03/21/2017 - 8:12am
(Reuters) - Marriott International Inc said on Tuesday it planned to add up to 300,000 rooms worldwide by 2019, as part of a three-year growth plan, ahead of the No. 1 hotel chain's investor day.

Deutsche Bank launches tech startup lab in New York City

Tue, 03/21/2017 - 8:04am
NEW YORK (Reuters) - Deutsche Bank AG has opened a new center in New York to work with financial technology startups that can help it improve its technology.

Goldman to move hundreds of staff from London pre-Brexit: Europe CEO

Tue, 03/21/2017 - 7:59am
LONDON (Reuters) - Goldman Sachs will begin moving hundreds of people out of London before any Brexit deal is struck as part of its contingency plans for Britain leaving the European Union, the Wall Street firm's Europe CEO said.

Vivendi seeking damages from Mediaset for defamation: source

Tue, 03/21/2017 - 7:49am
MILAN (Reuters) - French media group Vivendi has filed a suit for damages against Italian broadcaster Mediaset over alleged defamation in a lawsuit over a failed pay-TV agreement, a legal source said on Tuesday.

Cheerios maker General Mills' sales fall for seventh straight quarter

Tue, 03/21/2017 - 7:45am
(Reuters) - General Mills Inc reported its seventh straight quarterly sales decline on Tuesday, hurt by weak demand for its yogurt and baking products, as the company discounted less amid pricing competition in the United States.

BMW CEO expects China to clarify electric car policy in next weeks

Tue, 03/21/2017 - 7:42am
MUNICH (Reuters) - BMW Chief Executive Harald Krueger said he expected Chinese authorities to soon clarify the size of a proposed quota for electric cars as the German carmaker overhauls its production system to make more zero-emission vehicles.

Porsche SE has no information about Piech's stake sale talks

Tue, 03/21/2017 - 7:31am
STUTTGART, Germany (Reuters) - Porsche SE , Volkswagen's majority shareholder, said it has no information about former VW chairman Ferdinand Piech's talks with the carmaker's controlling families about a possible sale of his stake.

Google to revamp policies, hire staff after UK ad scandal

Tue, 03/21/2017 - 4:48am
LONDON (Reuters) - Google vowed on Tuesday to police its websites better by ramping up staff numbers and overhauling its policies after several companies deserted the internet giant for failing to keep their adverts off hate-filled videos.

Apple CEO visits China bike-sharing start-up ofo

Tue, 03/21/2017 - 4:37am
HONG KONG (Reuters) - Apple Inc chief executive Tim Cook paid a visit to Chinese bike-sharing company ofo on Tuesday, as the country's ride-sharing start-ups fight aggressively for investor dollars and market share.

Fed's Dudley, citing Wells, calls for better bank incentives

Tue, 03/21/2017 - 4:28am
LONDON (Reuters) - A top Federal Reserve regulator on Tuesday cited Wells Fargo & Co's accounts scandal as evidence that incentives to drive performance remain a problem on Wall Street, saying that banks have "a long way to go" in reforming internal culture.

Hyundai Motor shares rally on restructuring hope

Tue, 03/21/2017 - 1:50am
SEOUL (Reuters) - Hyundai Motor Co shares extended their rally on Tuesday, rising nearly 9 percent on hopes the automaker and its affiliates will be restructured.

Adobe, Microsoft team up to share sales and marketing data

Mon, 03/20/2017 - 11:53pm
(Reuters) - Microsoft Corp and Adobe Systems Inc are joining to make their respective sales and marketing software products more potent competitors to Salesforce.com Inc and Oracle Corp offerings, the two firms said Monday.

Oil prices rise on talk that OPEC could extend supply cut

Mon, 03/20/2017 - 9:04pm
SINGAPORE (Reuters) - Oil prices rose early on Tuesday on expectations that an OPEC-led production cut to prop up the market could be extended, and as strong demand was seen to slowly erode a global fuel supply overhang.

Asian shares near 15-month high, dollar soft on less hawkish Fed

Mon, 03/20/2017 - 9:02pm
TOKYO (Reuters) - Asian shares clung to their 15-month highs on Tuesday while the dollar and U.S. bond yields were on the back foot on the prospects of a less-hawkish Federal Reserve policy trajectory.

Wal-Mart to launch investment arm in e-commerce push

Mon, 03/20/2017 - 7:45pm
(Reuters) - Wal-Mart Stores Inc, the world's largest retailer, will launch its first investment arm to expand its e-commerce business in partnership with retail start-ups, venture capitalists and entrepreneurs, the company said on Monday.

U.S. investor, CEO groups set for lobbying battle over proxy challenges

Mon, 03/20/2017 - 6:38pm
WASHINGTON (Reuters) - Shareholder activists are pushing back against a major business trade group's request that the White House use its influence on the U.S. securities regulator to make it harder to get governance, political or environmental issues onto corporate ballots, according to a letter seen by Reuters on Monday.

Goldman building robo-adviser to give investment advice to the masses

Mon, 03/20/2017 - 6:12pm
(Reuters) - Goldman Sachs Group Inc , known for advising the world's richest and most powerful, is building a so-called robo-adviser geared to mass affluent customers, according to a job listing posted Monday on the bank's website.

Exclusive: Toshiba's Westinghouse seeks U.S. bankruptcy financing - sources

Mon, 03/20/2017 - 5:40pm
(Reuters) - Westinghouse Electric Co LLC, the nuclear power plant developer owned by Japanese electronics company Toshiba Corp , is taking offers for a financing package to help it go through U.S. bankruptcy, people familiar with the matter said on Monday.

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