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Updated: 31 min 52 sec ago

FTC says it closes investigation of Honeywell, Du Pont agreements

Fri, 08/11/2017 - 1:40pm
WASHINGTON (Reuters) - The U.S. Federal Trade Commission said on Friday it had closed its investigation of several agreements between Honeywell International Inc and E I du Pont de Nemours and Co related to the sale of a next-generation refrigerant in automotive air conditioning systems.

Cash-strapped SoundCloud receives new funding; CEO to step aside

Fri, 08/11/2017 - 12:32pm
FRANKFURT (Reuters) - SoundCloud has received a "substantial" new round of investment, the company said on Friday, insulating the popular online music streaming service from potentially running out of cash later this year, after laying off 40 percent of its staff in July.

JP Morgan Asset Management says will absorb research costs due to MiFID-II

Fri, 08/11/2017 - 11:21am
LONDON (Reuters) - JP Morgan Asset Management said on Friday that it will absorb the cost of paying brokers for investment research rather than pass it on to its clients when new European regulation comes in next year.

Snap shares hit record low as user growth miss unnerves investors

Fri, 08/11/2017 - 9:42am
(Reuters) - Snap Inc's shares fell more than 14 percent to hit a record low on Friday morning after messaging app Snapchat's daily active user growth missed expectations for the second quarter in a row.

Nvidia shares fall as investors fret over data center growth

Fri, 08/11/2017 - 9:38am
(Reuters) - Nvidia Corp's high-flying stock fell 6 percent on Friday as second-quarter sales in its fast-growing data center and autonomous driving businesses failed to live up to Wall Street's lofty expectations.

Wall Street opens higher after weak inflation data

Fri, 08/11/2017 - 9:34am
(Reuters) - U.S. stock indexes opened slightly higher on Friday after data showed tepid inflation that could lead the Federal Reserve to hold off from raising rates this year, even as investors remained cautious over heightened tensions between the United States and North Korea.

Modest rise in U.S. consumer prices may delay Fed rate hike

Fri, 08/11/2017 - 9:28am
WASHINGTON (Reuters) - U.S. consumer prices increased slightly in July as rising food costs were offset by falling prices for a range of other goods, pointing to benign inflation that could make the Federal Reserve cautious about raising interest rates again this year.

Amazon looks to new food technology for home delivery

Fri, 08/11/2017 - 7:09am
SAN FRANCISCO (Reuters) - Inc is exploring a technology first developed for the U.S. military to produce tasty prepared meals that do not need refrigeration, as it looks for new ways to muscle into the $700 billion U.S. grocery business.

After a long drought, bear market funds attract buyers

Fri, 08/11/2017 - 7:04am
NEW YORK (Reuters) - Bearish stock investors are slowly coming out of hibernation, as money has begun to move into funds that aim to profit when markets dive.

Saudi Arabia favors New York for Aramco listing despite risks: sources

Fri, 08/11/2017 - 6:20am
DUBAI/RIYADH/LONDON (Reuters) - Saudi Arabia favors New York for the main foreign listing of state oil giant Aramco, even though some financial and legal advisers have recommended London as a less problematic and risky option, people familiar with the matter told Reuters.

U.S. economic expansion to last another two years or more: Reuters poll

Fri, 08/11/2017 - 2:21am
BENGALURU (Reuters) - The U.S. economic expansion will last at least another two years, according to a majority of economists polled by Reuters who also forecast growth will not accelerate the way the Trump administration has predicted.

U.S. conducting criminal probe focused on Malaysia 1MDB's stolen funds

Fri, 08/11/2017 - 12:35am
KUALA LUMPUR (Reuters) - The U.S. Justice Department is conducting a criminal probe into 1Malaysia Development Berhad (1MDB) and has asked for a stay on its civil lawsuits in connection with $1.7 billion in assets allegedly bought with money stolen from the scandal-hit state fund.

China says investigating Baidu, Tencent, Weibo for breaching cyber laws

Fri, 08/11/2017 - 12:32am
BEIJING (Reuters) - China's cyber regulator on Friday said it was investigating the country's top social media sites over failing to comply with strict laws that ban content which is violent, obscene or deemed offensive to the Communist Party.

Google cancels staff meeting over fears of online harassment

Thu, 08/10/2017 - 9:18pm
(Reuters) - Alphabet's Google on Thursday canceled a company-wide meeting scheduled to discuss the controversy over a memo opposing company diversity policies, citing concerns about attacks on employees from far-right internet commenters, according to an email from Google's chief executive that was obtained by tech news site Recode.

Oil prices flat as oversupply concerns linger

Thu, 08/10/2017 - 8:49pm
SEOUL (Reuters) - Oil prices were little changed in early Asian trading on Friday after retreating in the previous session, weighed by ongoing global glut concerns despite a bigger-than-expected draw in U.S. crude inventories.

Asia stocks, dollar extend slide as U.S., North Korea tensions intensify

Thu, 08/10/2017 - 8:47pm
SINGAPORE (Reuters) - Asian stocks slumped on Friday as tensions ramped up between the U.S. and North Korea, sending investors fleeing to less risky assets such as gold, the yen and U.S. government bonds.

Snap, Blue Apron fuel worries about overheated IPOs

Thu, 08/10/2017 - 7:12pm
NEW YORK/SAN FRANCISCO (Reuters) - Snap Inc and Blue Apron Holdings Inc's dismal quarterly reports on Thursday, which sent their shares slumping, join a growing list of technology startups failing to live up to sky-high expectations set ahead of their initial public offerings.

News Corp revenue misses on weak demand for print advertising

Thu, 08/10/2017 - 6:45pm
(Reuters) - News Corp on Thursday reported fourth-quarter revenue that missed estimates as the owner of the Wall Street Journal grapples with a declining demand for advertising in the print industry.

Wall Street stock rally could be derailed by U.S.-North Korea war of words

Thu, 08/10/2017 - 6:42pm
NEW YORK (Reuters) - Cracks are showing in what has been a virtually non-stop U.S. equity rally after a rapid escalation of tension between North Korea and the United States this week.

Nordstrom websites boost same-store sales, shares jump

Thu, 08/10/2017 - 4:47pm
(Reuters) - Nordstrom Inc reported better-than-expected quarterly same-store sales on Thursday as more people shopped at the apparel retailer's online stores, sending shares up 2.5 percent after the bell.