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Updated: 41 min 29 sec ago

MetLife asks court to halt 'too big to fail' case during Trump review

Mon, 04/24/2017 - 4:54pm
WASHINGTON (Reuters) - MetLife Inc is asking a U.S. court to put on pause a case over how the government deems certain companies "too big to fail," one of the most significant reforms to come out of the financial crisis, while President Donald Trump's administration finishes reviewing the current regulatory approach.

Alitalia workers reject labor deal, put airline on course for administration: union sources

Mon, 04/24/2017 - 4:38pm
ROME/MILAN (Reuters) - Alitalia workers rejected a proposal to cut jobs among ground staff and trim flight personnel's salaries as part of a major restructuring, putting the loss-making Italian airline on course for government-led special administration, union sources said.

T-Mobile quarterly profit up, new subscribers top estimates

Mon, 04/24/2017 - 4:36pm
(Reuters) - T-Mobile US Inc said on Monday it added more subscribers than expected in the first quarter as promotional offers helped the No. 3 wireless carrier win over customers despite new unlimited data plans from competitors.

Wells Fargo has satisfactory 'living will' plan: Fed

Mon, 04/24/2017 - 4:34pm
WASHINGTON (Reuters) - Wells Fargo & Co has presented the Federal Reserve with a satisfactory plan on how to unwind its business in case of bankruptcy, the U.S. central bank said on Monday.

Uber, France spar over whether company is a transport service

Mon, 04/24/2017 - 4:27pm
LUXEMBOURG (Reuters) - U.S. ride-hailing app Uber told Europe's top court on Monday that it was a digital service, not a transport service, and that a French law clearly targeted online taxi services, in its latest European legal battle with the taxi industry.

Automotive supplier breaks ground on rare new Detroit factory

Mon, 04/24/2017 - 4:07pm
DETROIT (Reuters) - U.S. auto parts maker Flex-N-Gate will build a plant in Detroit in what local officials described on Monday as the first new investment by an automotive supplier in decades for Motor City, the cradle and former beating heart of the car industry.

Wells Fargo board pays price for letting whistleblowers whistle in the wind

Mon, 04/24/2017 - 2:17pm
NEW YORK (Reuters) - Wells Fargo & Co directors could have avoided a shareholder backlash over a sales practices scandal if they had paid more attention to scores of whistleblowers who complained, in vain, for years.

General Motors fires 2,700 in Venezuela after plant closure: workers

Mon, 04/24/2017 - 1:54pm
CARACAS (Reuters) - General Motors' Venezuelan subsidiary has sent a message to almost 2,700 staff informing them that they are no longer employed by the company and had received severance pay in their bank accounts, according to two employees.

From Trump to Brexit, politics drive firms into insurers' arms

Mon, 04/24/2017 - 1:36pm
ZURICH/LONDON (Reuters) - Rocked by a shakeup in the Western political order, companies are buying more insurance to protect themselves against the threat of rising protectionism and upheaval to their operations in emerging markets.

Exclusive: Fresenius nears deal to acquire Akorn - sources

Mon, 04/24/2017 - 12:45pm
(Reuters) - German healthcare conglomerate Fresenius SE & Co KGaA is close to acquiring generic drugmaker Akorn Inc in an all-cash deal valuing the company at more than $4 billion, people familiar with the matter said on Monday.

Microsoft's Nadella banks on LinkedIn data to challenge Salesforce

Mon, 04/24/2017 - 10:54am
SAN FRANCISCO (Reuters) - Microsoft Corp is rolling out upgrades to its sales software that integrates data from LinkedIn, an initiative that Microsoft CEO Satya Nadella told Reuters was central to the company's long-term strategy for building specialized business software.

Supreme Court rejects GM bid to block ignition switch suits

Mon, 04/24/2017 - 9:50am
(Reuters) - General Motors Co's bid to block hundreds of lawsuits, potentially worth billions of dollars, over a deadly ignition-switch defect broke down on Monday when the Supreme Court refused to hear its appeal claiming the suits were barred by the No. 1 U.S. automaker's 2009 bankruptcy.

PPG raises offer for Akzo Nobel to $29 billion

Mon, 04/24/2017 - 9:48am
AMSTERDAM (Reuters) - U.S. paint maker PPG Industries raised its proposed offer for Akzo Nobel by about 8 percent to 26.9 billion euros ($28.8 billion) on Monday, increasing the pressure on its Dutch rival to enter into talks.

Halliburton gains from surge in North America drilling

Mon, 04/24/2017 - 9:34am
(Reuters) - Halliburton Co reported quarterly profit and revenue that edged past analysts' estimates as a surge in drilling activity in North America pushed up demand for its pressure pumping and well-construction services.

Wal-Mart e-commerce investment arm names new retail startup CEO

Mon, 04/24/2017 - 8:41am
(Reuters) - Wal-Mart Stores Inc , the world's no.1 retailer, said its recently launched startup investment arm, Store No 8, has hired Jenny Fleiss as the chief executive of its first portfolio company.

NASH: The next untapped pharma market gives investors many options

Mon, 04/24/2017 - 8:40am
(Reuters) - Large drugmakers with piles of cash are on the hunt for promising medicines being developed by small companies to treat NASH, a progressive fatty liver disease poised to become the leading cause of liver transplants by 2020.

Futures rally as French worries ease; earnings in focus

Mon, 04/24/2017 - 7:31am
(Reuters) - U.S. stock index futures rose sharply on Monday, tracking European and Asian stocks, as investors breathed a sigh of relief after Centrist candidate and market favorite Emmanuel Macron won the first round of the French election.

Chevron to sell Bangladesh gas fields to Chinese co

Mon, 04/24/2017 - 6:18am
NEW DELHI (Reuters) - U.S. oil and gas company Chevron Corp said on Monday it has agreed to sell its three gas producing fields in Bangladesh to Chinese firm Himalaya Energy, as part of a plan to raise billions of dollars by shedding non-core properties this year.

Congress returns as Trump pressures Democrats ahead of funding deadline

Mon, 04/24/2017 - 6:08am
WASHINGTON (Reuters) - With a deadline looming this week to avert a U.S. government shutdown, Congress returns to work on Monday as President Donald Trump leans on Democrats to include funding for his promised border wall with Mexico in spending legislation.

HSBC confident can maintain dividend, exceed cost targets: CEO

Mon, 04/24/2017 - 5:44am
HONG KONG (Reuters) - HSBC Holdings Plc is confident it can maintain dividend payouts in the foreseeable future and expects to exceed risk-weighted asset and cost-saving targets, the bank's chief executive Stuart Gulliver said on Monday.

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