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Updated: 41 min 41 sec ago

Exclsuive: Boeing near decision to launch 737-10 jet: sources

Tue, 04/25/2017 - 5:43am
PARIS (Reuters) - Boeing is nearing a decision to launch a larger version of its 737 workhorse jet within two months to counter strong sales of the Airbus A321neo, after a breakthrough on the design for one of its parts, industry sources said.

Dutch Economic Affairs minister says still opposed to Akzo Nobel takeover

Tue, 04/25/2017 - 5:22am
AMSTERDAM (Reuters) - Dutch Economic Affairs Minister Henk Kamp repeated his opposition to a takeover of paint maker Akzo Nobel on Tuesday, saying he did not care that U.S. rival PPG Industries had raised its offer.

Dutch court backs Swatch in row with Tiffany over venture

Tue, 04/25/2017 - 5:16am
ZURICH (Reuters) - A Dutch appeals court ruled on Tuesday that Swatch Group deserves compensation in a row with U.S. luxury goods maker Tiffany over a failed watch venture.

Waymo testing self-driving car ride service in Arizona

Tue, 04/25/2017 - 3:12am
SAN FRANCISCO (Reuters) - Alphabet Inc's Waymo autonomous vehicle group will begin testing a self-driving car program for hundreds of families in Phoenix, Arizona and is buying 500 Chrysler minivans to do so, the companies said on Tuesday.

Mitsubishi and Nissan full merger is not an option: chairman

Tue, 04/25/2017 - 2:41am
BEKASI, Indonesia (Reuters) - A full merger between Japanese car makers Mitsubishi Motors Corp (MMC) and Nissan Motor Co Ltd is not on the table, Carlos Ghosn, chairman of both firms, said on Tuesday.

LVMH, Arnault to simplify Christian Dior business structure

Tue, 04/25/2017 - 2:39am
PARIS (Reuters) - Luxury goods group LVMH and billionaire businessman Bernard Arnault announced on Tuesday a deal to simplify their relationship with Christian Dior by buying out its minority shareholders, a transaction aimed at boosting LVMH's earnings.

Credit Suisse investors prepare to grill chairman Rohner over pay

Tue, 04/25/2017 - 2:32am
ZURICH (Reuters) - Credit Suisse Chairman Urs Rohner faces his toughest shareholder meeting to date this week following an investor revolt over bonuses and losses totaling 5.65 billion Swiss francs ($5.7 billion) since 2015.

Toshiba to start taking bids in June for its Swiss unit Landis+Gyr: Kyodo

Tue, 04/25/2017 - 1:29am
TOKYO (Reuters) - Japan's Toshiba Corp will start taking bids for Landis+Gyr, its Swiss smart meter unit, as early as June, Kyodo news agency reported on Tuesday.

East Coast refiners eye Texas oil as North Dakota alternative

Tue, 04/25/2017 - 1:13am
NEW YORK (Reuters) - U.S. East Coast refiners are looking to buy increasing volumes of domestic crude oil from the Gulf Coast, two sources said, the latest twist in a trade flow upheaval in the wake of the opening of the Dakota Access pipeline.

Not an inside job: How two analysts became SEC whistleblowers

Tue, 04/25/2017 - 1:05am
WASHINGTON (Reuters) - Four years ago, two analysts who liked to swap notes on numbers they thought looked odd took a fateful step and tipped off U.S. regulators about a company that one of them had watched for months.

Looming risks subdue Asia stock investors after stellar quarter

Tue, 04/25/2017 - 12:27am
SINGAPORE (Reuters) - Investors' enthusiasm for Asian stocks is waning as a raft of political and economic risks takes the shine off the best first-quarter returns in 26 years.

For Wells Fargo directors, narrow wins may not be enough

Tue, 04/25/2017 - 12:19am
(Reuters) - A shareholder vote scheduled for Tuesday could throw Wells Fargo & Co's leadership into question if many directors, criticized for their slow response to the bank's phony-account scandal, fail to win solid majorities.

Ahead of NAFTA talks, U.S. sets 20 percent duties on Canadian softwood lumber

Mon, 04/24/2017 - 11:27pm
WASHINGTON (Reuters) - The United States will impose preliminary anti-subsidy duties averaging 20 percent on imports of Canadian softwood lumber, Commerce Secretary Wilbur Ross said on Monday, escalating a long-running trade dispute between the two neighbors.

Oil edges up after six days of straight losses

Mon, 04/24/2017 - 11:19pm
SINGAPORE (Reuters) - Oil prices inched up on Tuesday but markets remain under pressure following six consecutive sessions of declines as traders lose confidence that pledged output cuts by major producers will rein in oversupply in a world awash with fuel.

Asia stocks, euro steady as markets pause for breath after French election

Mon, 04/24/2017 - 9:13pm
SINGAPORE (Reuters) - Asian equities were steady on Tuesday and the euro retained gains as markets' euphoria over a centrist victory in the first round of the French presidential election subsided, though near-term investor sentiment remains positive.

Tom Hanks jokes Twitter CEO inspired his character in 'The Circle'

Mon, 04/24/2017 - 8:02pm
SAN FRANCISCO (Reuters) - Oscar-winning actor Tom Hanks, who plays a Silicon Valley tycoon in the new film "The Circle" about a powerful social media company, teased Twitter Inc Chief Executive Officer Jack Dorsey on Monday that he may have been inspiration for the part.

Labor shortage a stress test for Japan's 24/7 convenience stores

Mon, 04/24/2017 - 7:24pm
TOKYO (Reuters) - Japan's growing labor shortage threatens the nation's ubiquitous convenience stores, whose business model relies on an army of part-timers packing bento lunch boxes, manning cash registers and delivering goods 24/7.

Ready for take-off? China's answer to Boeing now just needs to sell

Mon, 04/24/2017 - 7:22pm
SHANGHAI/PARIS (Reuters) - When China unveiled an historic order for its first large commercial jetliner at a national air show in 2010, Western journalists were kept away, and only local media were allowed to witness a major turning point in China's aviation ambitions.

Fresenius snaps up Akorn, Merck KGaA's biosimilars in separate deals

Mon, 04/24/2017 - 5:22pm
FRANKFURT (Reuters) - Acquisitive German healthcare conglomerate Fresenius SE & Co KGaA revved up its deals pace by acquiring U.S. generic drugmaker Akorn Inc for $4.75 billion (4.37 billion euros), and in a separate deal, the biosimilars unit of German peer Merck KGaA .

Number of U.S. bank branches to shrink 20 percent in five years: real estate report

Mon, 04/24/2017 - 5:12pm
(Reuters) - The number of bank branches in the United States will shrink by as much as 20 percent in five years, according to a report from commercial real estate firm JLL.