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Updated: 35 min 48 sec ago

IBM launches enterprise-ready blockchain service

Mon, 03/20/2017 - 12:10am
NEW YORK (Reuters) - International Business Machines Corp has launched a service that will allow businesses to build applications on its cloud using blockchain code from the Hyperledger Project, the cross-industry group led by the Linux Foundation.

Asia stocks weaker, dollar slips as Fed continues to weigh

Sun, 03/19/2017 - 8:53pm
SINGAPORE (Reuters) - Asian stocks were slightly weaker early on Monday, following Wall Street's declines and the G20's decision to drop a pledge to avoid trade protectionism, while the Federal Reserve's seemingly dovish stance last week continued to drag the dollar lower.

Oil prices drop on rise in U.S. drilling

Sun, 03/19/2017 - 8:52pm
SINGAPORE (Reuters) - Oil prices fell on Monday as rising U.S. drilling activity and steady supplies from OPEC countries despite touted production cuts pressured already-bloated markets.

Albertsons held preliminary merger talks with Sprouts: Bloomberg

Sun, 03/19/2017 - 7:07pm
NEW YORK (Reuters) - Grocery business Albertsons Cos held preliminary talks to merge with Sprouts Farmers Market Inc , Bloomberg reported on Sunday, citing people familiar with the situation.

Uber president Jeff Jones quits as turmoil continues

Sun, 03/19/2017 - 6:43pm
SAN FRANCISCO (Reuters) - Ride services company Uber Technologies Inc [UBER.UL] has been thrust deeper into turmoil with the departure of company president Jeff Jones, a marketing expert hired to help bolster its reputation.

MoneyGram to give Euronet confidential info to firm up bid: sources

Sun, 03/19/2017 - 5:47pm
(Reuters) - U.S. electronic payments company MoneyGram International Inc will share confidential information with peer Euronet Worldwide Inc , after the latter made a $1 billion acquisition offer, according to people familiar with the matter.

Three votes down - now for the French

Sun, 03/19/2017 - 3:44pm
LONDON (Reuters) - Americans angry with their lot elected the anti-establishment Donald Trump despite a U.S. economy running at an annual rate of around 3.5 percent and unemployment at a meager 4.6 percent.

G20 trade wording considered a setback for export champion Germany

Sun, 03/19/2017 - 4:49am
BADEN-BADEN (Reuters) - The failure of the world's financial leaders to agree on resisting protectionism and support free trade marks a setback in the G20 process and poses a risk for growth of export-driven economies such as host Germany, economists said on Sunday.

Piech Porsche SE stake may be sold by end May: Bild am Sonntag

Sat, 03/18/2017 - 7:18pm
FRANKFURT (Reuters) - A large Porsche SE stake owned by former Volkswagen chairman Ferdinand Piech may be bought by other members of the Porsche and Piech clans before May 30, German weekly Bild am Sonntag said.

VW CEO offices searched in Audi investigation: Bild am Sonntag

Sat, 03/18/2017 - 7:13pm
FRANKFURT (Reuters) - Munich prosecutors searched the offices of Volkswagen Chief Executive Matthias Mueller as part of an investigation into diesel emission test cheating at Audi, German weekly Bild am Sonntag said.

Unilever prepares 6 billion pound sale of food brands: newspapers

Sat, 03/18/2017 - 6:17pm
LONDON (Reuters) - Unilever is preparing a 6 billion pound ($7.44 billion) sale of some of its food brands, British newspapers reported on Saturday, without citing sources.

U.S. judge signs Peabody bankruptcy exit after environmental deal

Sat, 03/18/2017 - 4:14pm
CHICAGO (Reuters) - A U.S. judge formally approved Peabody Energy Corp's plan to emerge from bankruptcy late Friday after the coal producer struck a settlement with the U.S. government over legacy environmental claims at a gold and metal mining subsidiary.

Post-Fed boost for small-cap stocks may be limited

Fri, 03/17/2017 - 7:21pm
NEW YORK (Reuters) - Small-cap stocks benefited from a dovish lining to the U.S. Federal Reserve's decision to raise interest rates this past week, but strategists warn it will take more to make these pricey stocks outperform their larger brethren in the long haul.

McDonald's shareholders to weigh giving franchisees board seat

Fri, 03/17/2017 - 6:45pm
LOS ANGELES (Reuters) - McDonald's Corp investors will vote soon on whether to give the franchisees who operate most of the fast-food chain's restaurants the opportunity to elect a board member, the proponent of a shareholder proposal said on Friday.

Buffett's pay rises; Berkshire urges rejection of shareholder proposals

Fri, 03/17/2017 - 6:09pm
(Reuters) - Warren Buffett's compensation for running Berkshire Hathaway Inc edged up 4.0 percent last year to $487,881 reflecting the higher cost of keeping the world's second-richest person safe.

Exclusive: Germany plans to buy six Lockheed C-130J aircraft for 900 million euros

Fri, 03/17/2017 - 5:04pm
BERLIN (Reuters) - The German government plans to buy six Lockheed Martin C-130J military transport planes for around 900 million euros ($966 million) starting in 2019 under a joint operating agreement with France, German government documents show.

Bombardier executive says canceling rail deal would cause 'irreparable harm'

Fri, 03/17/2017 - 3:47pm
MONTREAL (Reuters) - Bombardier Inc would suffer "irreparable harm" to its global reputation if it loses a light train contract from a Toronto transportation agency, a senior company official said in recent court filings.

Wal-Mart asks Brazil suppliers to clarify alleged bribes to officials

Fri, 03/17/2017 - 3:36pm
SAO PAULO (Reuters) - Wal-Mart Stores Inc has asked suppliers in Brazil to clarify alleged cases of meatpackers bribing health officials to subvert inspections, the retailer said on Friday.

Porsche invests in tech services to offset possible sales decline

Fri, 03/17/2017 - 2:49pm
STUTTGART, Germany (Reuters) - Porsche will invest hundreds of millions of euros in digital services to generate the revenue needed to offset an expected decline in car sales in the coming years, its finance chief said on Friday.

House Democrat seeks interviews with Wells Fargo executives

Fri, 03/17/2017 - 2:43pm
WASHINGTON (Reuters) - The top Democrat on a key House of Representatives committee has demanded a chance to interview executives of Wells Fargo & Co , which has been embroiled in a scandal over fake accounts, because she said Republicans already had that opportunity in December.

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