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Updated: 31 min 39 sec ago

VW labor leaders warn politicians not to put jobs in jeopardy

Thu, 08/10/2017 - 5:57am
FRANKFURT (Reuters) - Volkswagen's powerful labor representatives on Thursday urged lawmakers not to use the carmaker as a political football ahead of national elections next month and risk threatening jobs in Germany.

VW Group, Tata cooperation talks have been ended 'amicably': source

Thu, 08/10/2017 - 5:30am
FRANKFURT (Reuters) - Cooperation talks between Germany's Volkswagen Group and India's Tata Motors about joint development of a cheap car for emerging markets, have been ended amicably, a Volkswagen Group source said on Thursday.

Former HK commodities exchange chief charged with conspiracy to defraud regulator: court

Thu, 08/10/2017 - 3:39am
HONG KONG (Reuters) - Prominent businessman Barry Cheung, who founded the now-defunct Hong Kong Mercantile Exchange, appeared in a Hong Kong court on Thursday charged with conspiracy to defraud the securities regulator and fraud.

Toymaker Lego appoints new chief executive

Thu, 08/10/2017 - 2:43am
COPENHAGEN (Reuters) - Lego has appointed Niels B. Christiansen to replace Bali Padda as chief executive, the Danish toymaker said on Thursday.

Buoyant bitcoin stirs crypto-bubble fears

Thu, 08/10/2017 - 2:09am
LONDON (Reuters) - Bitcoin and other "cryptocurrencies" are big money, virtually as big as Goldman Sachs and Royal Bank of Scotland combined.

Kaspersky Lab to withdraw Microsoft antitrust complaints

Thu, 08/10/2017 - 2:05am
SAN FRANCISCO (Reuters) - Moscow-based cyber security firm Kaspersky Lab said on Wednesday it would withdraw antitrust complaints made in Europe against Microsoft after the U.S. technology giant agreed to change how it delivers security updates to Windows users.

Toshiba wins auditor sign-off, likely avoiding delisting for now

Wed, 08/09/2017 - 11:07pm
TOKYO (Reuters) - Toshiba Corp has secured its auditor's sign-off on its financial results, likely avoiding an immediate delisting, although its future hung in the balance with no progress in talks to sell its chips business.

Toyota says to delay start of Mexico plant to early 2020

Wed, 08/09/2017 - 10:21pm
TOKYO (Reuters) - Toyota Motor Corp will push back the start of operations at its scheduled new plant in Mexico, to the first half of 2020 from the initial plan of 2019, the company said on Thursday.

Asia stocks steady, Treasury prices off highs as risk aversion settles

Wed, 08/09/2017 - 8:39pm
TOKYO (Reuters) - Asian stocks steadied and U.S. Treasury bond prices fell slightly on Thursday as the risk aversion triggered by the latest flare up of tensions between the United States and North Korea began to settle.

Oil prices edge higher after U.S. stockpile fall

Wed, 08/09/2017 - 8:38pm
TOKYO (Reuters) - Oil futures rose in early Asian trading on Thursday, adding to gains from the previous session after official figures showed U.S. crude inventories fell more than expected.

Facebook makes new bid for TV viewers with expanded video

Wed, 08/09/2017 - 7:48pm
SAN FRANCISCO (Reuters) - Facebook Inc on Wednesday made its biggest move to date to compete in the television market by expanding its video offerings with programming ranging from professional women's basketball to a safari show and a parenting program.

Goldman to use 'personality test' for hiring decisions

Wed, 08/09/2017 - 4:49pm
(Reuters) - Goldman Sachs Group Inc plans to begin using a "personality test" as part of the hiring process for positions in its banking, trading and finance and risk divisions, a senior Goldman executive said on Wednesday.

Snap shares up ahead of results; options traders eye steep stock swing

Wed, 08/09/2017 - 4:37pm
SAN FRANCISCO/NEW YORK (Reuters) - Shares of Snap Inc rallied on Wednesday as options traders buckled in for the social media company's quarterly results and after an analyst said the beaten-down stock was "getting interesting."

Exclusive: Tesla developing self-driving tech for semi-truck, wants to test in Nevada

Wed, 08/09/2017 - 4:34pm
SAN FRANCISCO (Reuters) - Tesla Inc is developing a long-haul, electric semi-truck that can drive itself and move in "platoons" that automatically follow a lead vehicle, and is getting closer to testing a prototype, according to an email discussion of potential road tests between the car company and the Nevada Department of Motor Vehicles (DMV), seen by Reuters.

Twenty-First Century Fox revenue misses, profit tops estimates

Wed, 08/09/2017 - 4:26pm
(Reuters) - Rupert Murdoch-controlled Twenty-First Century Fox Inc's quarterly profit edged past analysts' estimates, but revenue fell just short of expectations, hurt by the lack of box office hits from its movie studio.

Amazon sued by transgender woman, husband for workplace harassment

Wed, 08/09/2017 - 3:51pm
(Reuters) - A transgender woman and her husband sued Amazon.com Inc on Wednesday, accusing the company of subjecting them to severe harassment and physical threats when they both worked at the retailer's warehouse in Kentucky.

GE delays plan to open part of new Boston HQ

Wed, 08/09/2017 - 1:59pm
(Reuters) - General Electric Co has delayed the completion of its new headquarters building in Boston as new Chief Executive John Flannery looks to curtail costs.

Altice weighing takeover offer for Charter: sources

Wed, 08/09/2017 - 12:40pm
(Reuters) - Netherlands-based telecom giant Altice NV and its U.S. cable unit are working on an offer to buy Charter Communications Inc , but have yet to submit a proposal, sources told Reuters on Wednesday.

In tough retail landscape, Payless emerges as rare bankruptcy survivor

Wed, 08/09/2017 - 12:24pm
CHICAGO (Reuters) - Payless ShoeSource is set to emerge from bankruptcy as soon as Wednesday, one of the largest retail chains to do so, and is banking on a strategy focused primarily on bricks-and-mortar sales at a time when e-commerce is casting an ever-growing footprint on retail sales.

Sky investor Odey says Fox bid is losing appeal

Wed, 08/09/2017 - 10:18am
LONDON (Reuters) - Hedge fund manager Crispin Odey has said he is considering withdrawing his support for Twenty-First Century Fox's attempt to take over Sky , saying he believes the 11.7 billion pound ($15.20 billion) deal undervalues the British broadcaster.

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