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Saturday, February 24, 2018
GE says it may face U.S. action over subprime mortgage operations

GE says it may face U.S. action over subprime mortgage operations

NEW YORK (Reuters) - General Electric Co (GE.N) faces potential legal action by the U.S. Department of Justice over allegations that its GE...
Legal hurdles, not Amazon, key concern for U.S. dental supply firms

Legal Hurdles, not Amazon, Key Concern for U.S. Dental Supply Firms.

(Reuters) - Henry Schein Inc (HSIC.O) and Patterson Cos Inc (PDCO.O) have bigger things to worry about than Amazon.com Inc (AMZN.O) potentially disrupting the...
China seizes control of Anbang Insurance as chairman prosecuted

China seizes control of Anbang Insurance as chairman prosecuted

BEIJING/SHANGHAI (Reuters) - The Chinese government on Friday seized control of Anbang Insurance Group Co Ltd and said its chairman had been prosecuted,...
Exclusive: Trump calls meeting on biofuels policy blamed by bankrupt refiner

Exclusive: Trump calls meeting on biofuels policy blamed by bankrupt refiner

NEW YORK (Reuters) - U.S. President Donald Trump has called a cabinet-level meeting early next week to discuss potential changes to biofuels policy,...
U.S. jobless claims near 45-year low as economic outlook brightens

U.S. jobless claims near 45-year low as economic outlook brightens

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell to a near 45-year low last week, pointing to strong job...
Distrust of unions, and GM, hangs over South Korean efforts to stem job losses

Distrust of unions, and GM, hangs over South Korean efforts to stem job losses

SEOUL (Reuters) - South Korean President Moon Jae-in is in a bind. Either he risks losing political capital and thousands of high-paying jobs...
Ford U.S. chief departs abruptly after behavior probe

Ford U.S. chief departs abruptly after behavior probe

DETROIT (Reuters) - Ford Motor Co (F.N) said on Wednesday that Raj Nair, its president for North America, was leaving the company immediately...
British government braces for Unilever move to Netherlands: FT

British government braces for Unilever move to Netherlands: FT

LONDON (Reuters) - The British government is bracing for Unilever (ULVR.L) (UNc.AS), one of the country’s biggest companies, to shift its headquarters to...
GM proposes $2.8 billion, 10-year investment in South Korea: government official

GM Proposes $2.8 billion, 10-year investment in South Korea: Government official

SEOUL (Reuters) - General Motors (GM.N) has proposed investing $2.8 billion into its loss-making South Korean operations over the next 10 years and has...
Dow, S&P snap winning streak as Walmart weighs

Dow, S&P snap winning streak as Walmart weighs

NEW YORK (Reuters) - The Dow and S&P 500 fell on Tuesday to snap a six-session winning streak as a sharp decline in...
Albertsons to buy rest of Rite Aid as Amazon threat looms

Albertsons to buy rest of Rite Aid as Amazon threat looms

(Reuters) - Supermarket operator Albertsons Companies Inc will buy the rest of Rite Aid Corp (RAD.N) not being sold to Walgreens Boots Alliance...
Exclusive: GM offers $2.2 billion debt for equity swap in return for Seoul's support - sources

Exclusive: GM offers $2.2 billion debt for equity swap in return for Seoul’s support...

SEOUL (Reuters) - General Motors (GM.N) has offered to convert debt of around $2.2 billion owed by its ailing South Korean operation into...
Asian stocks dip after European surge fades, dollar firm

Asian stocks dip after European surge fades, dollar firm

TOKYO (Reuters) - Asian stocks dipped on Tuesday, their recent recovery slowing after European equities broke a winning streak run, while the dollar...
KFC closes most of its UK stores due to chicken shortage

KFC closes most of its UK stores due to chicken shortage

LONDON (Reuters) - Fast-food chain KFC said on Monday it had been forced to close hundreds of its British stores because of a...
India's federal investigators close bank branch at heart of fraud

India’s federal investigators close bank branch at heart of fraud

MUMBAI/NEW DELHI (Reuters) - Indian investigators closed down a branch of a state-run bank that is at the heart of a $1.77 billion...
Chanel, Farfetch pair up for digital push at fashion label's stores

Chanel, Farfetch pair up for digital push at fashion label’s stores

PARIS (Reuters) - French couture house Chanel has taken a minority stake in London-based online retailer Farfetch, the companies said on Monday, as...
Software may have helped Daimler pass U.S. emissions tests: report

Software may have helped Daimler pass U.S. emissions tests: report

BERLIN (Reuters) - U.S. investigators probing Mercedes maker Daimler (DAIGn.DE) have found that its cars were equipped with software which may have help...
Judge approves Takata's U.S. bankruptcy plan

Judge approves Takata’s U.S. bankruptcy plan

WILMINGTON, Del. (Reuters) - Takata Corp’s U.S. unit received court approval for its bankruptcy exit plan, a plaintiffs’ law firm said on Saturday,...
Proxy advisory firm ISS says Qualcomm should negotiate sale to Broadcom

Proxy advisory firm ISS says Qualcomm should negotiate sale to Broadcom

(Reuters) - U.S. semiconductor company Qualcomm Inc should try to negotiate a sale to Broadcom Ltd following the latter’s sweetened $121 billion offer,...
Tesla delays, tax credit concerns spur sales of Chevy Bolts

Tesla delays, tax credit concerns spur sales of Chevy Bolts

SAN FRANCISCO (Reuters) - Some potential buyers of Tesla’s long-delayed Model 3 sedan are concerned that they will miss out on big federal...
Stock volatility: back with a bang and here to stay

Stock volatility: back with a bang and here to stay

NEW YORK (Reuters) - U.S. stock markets are unlikely to return to the unusually calm conditions seen last year, even though equities have...

Latest News

With $116 billion cash, Buffett says Berkshire needs 'huge acquisitions'

With $116 billion cash, Buffett says Berkshire needs ‘huge acquisitions’

NEW YORK (Reuters) - Warren Buffett on Saturday lamented his inability to find big companies to buy, and said his goal is to...
The Great 28: Erin Jackson

The Nice 28: Erin Jackson

Celebrating an exceptional Black Olympian.Source