Companies News

By Bill Rigby SAN FRANCISCO (Reuters) - Software developers who tried on an Apple Watch for the first time on Friday predict…

  • The sun sets on the address where Nav Sarao Futures Limited is registered, in Hounslow
    Insight - Flash crash charges garner increasing skepticism in high-speed world By Douwe Miedema - Reuters - 2 hours 30 minutes ago

    By Douwe Miedema WASHINGTON (Reuters) - The notion that one man trading from his parents' house in a working class London suburb had a material role in the 2010 Wall … More »Insight - Flash crash charges garner increasing skepticism in high-speed world

    The sun sets on the address where Nav Sarao Futures Limited is registered, in Hounslow

    By Douwe Miedema WASHINGTON (Reuters) - The notion that one man trading from his parents' house in a working class London suburb had a material role in the 2010 Wall Street flash crash has aroused increasing skepticism from investors and traders since charges were brought on Tuesday.     The U.S. has asked UK authorities …

  • U.N. aid chief urges Syria sanctions, Jolie pleads for refugee help By Michelle Nichols - Reuters - 3 hours ago

    By Michelle Nichols UNITED NATIONS (Reuters) - The United Nations aid chief urged the Security Council on Friday to impose an arms embargo and sanctions in Syria for … More »U.N. aid chief urges Syria sanctions, Jolie pleads for refugee help

    By Michelle Nichols UNITED NATIONS (Reuters) - The United Nations aid chief urged the Security Council on Friday to impose an arms embargo and sanctions in Syria for violations of humanitarian law as special envoy Angelina Jolie pleaded with council members to visit millions of Syrian refugees. The aid official, Valerie …

  • Britain's  Prime Minister David Cameron presents the Conservative party election manifesto in Swindon
    Labour and Conservatives remain close in YouGov poll Reuters - 3 hours ago

    The poll gave Labour a 2 point lead, less than the poll's margin of error. Thirty-five percent of voters supported the Labour Party versus 33 percent for the Conservatives … More »Labour and Conservatives remain close in YouGov poll

    Britain's  Prime Minister David Cameron presents the Conservative party election manifesto in Swindon

    The poll gave Labour a 2 point lead, less than the poll's margin of error. Thirty-five percent of voters supported the Labour Party versus 33 percent for the Conservatives - both unchanged from Thursday, polling company YouGov said.

  • View of the headquarters of Comcast on JFK Boulevard in Philadelphia
    Collapse of Comcast cable deal may chasten Wall Street, for a while By Diane Bartz - Reuters - 3 hours ago

    By Diane Bartz WASHINGTON (Reuters) - Comcast Corp's failed bid to buy Time Warner Cable Inc is the latest muscle flex by U.S. antitrust enforcers and will likely … More »Collapse of Comcast cable deal may chasten Wall Street, for a while

    View of the headquarters of Comcast on JFK Boulevard in Philadelphia

    By Diane Bartz WASHINGTON (Reuters) - Comcast Corp's failed bid to buy Time Warner Cable Inc is the latest muscle flex by U.S. antitrust enforcers and will likely deter chief executives from pursuing aggressive transactions as a way to spend excess cash. Comcast, which had barely convinced regulators to allow it to …

  • Petrobras says non-government board member Monforte resigns Reuters - 4 hours ago

    Jose Guimarães Monforte quit his position on the board of directors of Petroleo Brasileiro SA on Friday, two days after he abstained from voting to approve the company's … More »Petrobras says non-government board member Monforte resigns

    Jose Guimarães Monforte quit his position on the board of directors of Petroleo Brasileiro SA on Friday, two days after he abstained from voting to approve the company's audited financial statements, the state-run oil company said on Friday. Petrobras, as the company is commonly known, gave no reason for the resignation, …

  • Four Petrobras platforms halt output due to oil leak -union Reuters - 4 hours ago

    Four Petrobras oil platforms off the northeast coast of Brazil have halted production after a leak of about 7,000 liters of oil was detected coming from a pipeline linking … More »Four Petrobras platforms halt output due to oil leak -union

    Four Petrobras oil platforms off the northeast coast of Brazil have halted production after a leak of about 7,000 liters of oil was detected coming from a pipeline linking them, a local oil workers union head said on Friday. Brazil's oil regulator, ANP, confirmed the leak in the Camorim field, 16 kilometres (10 miles) …

  • Negotiators of Iran and six world powers face each other at a table in the historic basement of Palais Coburg hotel in Vienna
    U.S. pro-Israel lobby opposes push to toughen Iran nuclear bill By Patricia Zengerle - Reuters - 4 hours ago

    By Patricia Zengerle WASHINGTON (Reuters) - An influential pro-Israel lobbying group is pressuring U.S. lawmakers not to support amendments to toughen a bill that lets … More »U.S. pro-Israel lobby opposes push to toughen Iran nuclear bill

    Negotiators of Iran and six world powers face each other at a table in the historic basement of Palais Coburg hotel in Vienna

    By Patricia Zengerle WASHINGTON (Reuters) - An influential pro-Israel lobbying group is pressuring U.S. lawmakers not to support amendments to toughen a bill that lets Congress review a nuclear agreement with Iran, hoping to avoid a partisan battle that could doom the legislation. The American Israel Public Affairs Committee …

  • The Blackberry sign is pictured in Waterloo
    BlackBerry considers closing Sweden operations Reuters - 4 hours ago

    (Reuters) - BlackBerry Ltd is considering closing its offices in Sweden, a move that would result in the loss of up to 100 jobs, a company spokesperson told Reuters. … More »BlackBerry considers closing Sweden operations

    The Blackberry sign is pictured in Waterloo

    (Reuters) - BlackBerry Ltd is considering closing its offices in Sweden, a move that would result in the loss of up to 100 jobs, a company spokesperson told Reuters. "At this time, we are considering the closure of our offices in Sweden. BlackBerry had about 7,000 people as of Sept. 2014, according to the its websit …

  • The headquarters of Deutsche Bank are pictured in Frankfurt
    Deutsche to cut investment bank, hive off Postbank in revamp By Thomas Atkins - Reuters - 4 hours ago

    By Thomas Atkins FRANKFURT (Reuters) - Deutsche Bank will cut back investment banking, split off its Postbank retail chain and reduce costs, the group said late on … More »Deutsche to cut investment bank, hive off Postbank in revamp

    The headquarters of Deutsche Bank are pictured in Frankfurt

    By Thomas Atkins FRANKFURT (Reuters) - Deutsche Bank will cut back investment banking, split off its Postbank retail chain and reduce costs, the group said late on Friday, in a restructuring plan designed to restore profitability. Analysts say that is likely to include reducing its repo business and its prime brokerage …

  • Grooveshark copyright violations 'willful,' judge says before trial By Andrew Chung - Reuters - 4 hours ago

    By Andrew Chung NEW YORK (Reuters) - Online music streaming service Grooveshark could potentially have to pay hundreds of millions of dollars to major record labels … More »Grooveshark copyright violations 'willful,' judge says before trial

    By Andrew Chung NEW YORK (Reuters) - Online music streaming service Grooveshark could potentially have to pay hundreds of millions of dollars to major record labels after a U.S. judge ruled ahead of its trial starting on Monday that Grooveshark's copyright violations on nearly 5,000 songs were "willful" and made "in bad …

  • A logo is pictured at Google's European Engineering Center in Zurich
    EU antitrust case against Google based on 19 complainants - sources By Foo Yun Chee and Eric Auchard - Reuters - 4 hours ago

    By Foo Yun Chee and Eric Auchard BRUSSELS/BERLIN (Reuters) - The European Union's decision to take on Google last week stems from offical complaints by 19 companies … More »EU antitrust case against Google based on 19 complainants - sources

    A logo is pictured at Google's European Engineering Center in Zurich

    By Foo Yun Chee and Eric Auchard BRUSSELS/BERLIN (Reuters) - The European Union's decision to take on Google last week stems from offical complaints by 19 companies in Europe and the United States, including Microsoft and a number of small firms, people familiar with the matter said on Friday. The list of complainants …

  • The logo of US conglomerate General Electric is pictured at the company's site in Belfort
    GE buyout-lending unit draws interest from SunTrust, Apollo, Ares - Bloomberg Reuters - 5 hours ago

    (Reuters) - SunTrust Banks Inc , Apollo Global Management and Ares Management LP are considering offers for buying General Electric Co's unit that lends to private-equity … More »GE buyout-lending unit draws interest from SunTrust, Apollo, Ares - Bloomberg

    The logo of US conglomerate General Electric is pictured at the company's site in Belfort

    (Reuters) - SunTrust Banks Inc , Apollo Global Management and Ares Management LP are considering offers for buying General Electric Co's unit that lends to private-equity firms in the United States, Bloomberg reported, citing people with knowledge of the matter. GE is working with Citigroup Inc to sell the business, …

  • U.S. regulator says 'flash crash' manipulation hard to detect By Suzanne Barlyn - Reuters - 5 hours ago

    By Suzanne Barlyn CHICAGO (Reuters) - The type of alleged market manipulation by the British trader accused of helping provoke the "flash crash" in 2010 is hard to detect, … More »U.S. regulator says 'flash crash' manipulation hard to detect

    By Suzanne Barlyn CHICAGO (Reuters) - The type of alleged market manipulation by the British trader accused of helping provoke the "flash crash" in 2010 is hard to detect, the chief of the Financial Industry Regulatory Authority said on Friday. Nonetheless, the alleged abuses were "somewhat surprising" given that his …

  • Smoke and lava spew from the Calbuco volcano, as seen from the shores of Lake Llanquihue in Puerto Varas
    Chile volcano prompts new evacuations, flights to Argentina cancelled Reuters - 5 hours ago

    Chilean volcano Calbuco, which erupted without warning on Wednesday, is still puffing out ash and smoke on Friday, prompting new evacuations and leading airlines to cancel … More »Chile volcano prompts new evacuations, flights to Argentina cancelled

    Smoke and lava spew from the Calbuco volcano, as seen from the shores of Lake Llanquihue in Puerto Varas

    Chilean volcano Calbuco, which erupted without warning on Wednesday, is still puffing out ash and smoke on Friday, prompting new evacuations and leading airlines to cancel flights to Argentine capital Buenos Aires, some 1,400 kilometers east. Calbuco, considered one of the most dangerous along Chile's chain of around 2,000 …

  • Traders works on the floor of the New York Stock Exchange
    Equities hit record highs, dollar weakens on gloomy data By Rodrigo Campos and Herbert Lash - Reuters - 5 hours ago

    By Rodrigo Campos and Herbert Lash NEW YORK (Reuters) - Equity markets worldwide climbed to record highs on Friday as solid corporate earnings and an all-time peak for … More »Equities hit record highs, dollar weakens on gloomy data

    Traders works on the floor of the New York Stock Exchange

    By Rodrigo Campos and Herbert Lash NEW YORK (Reuters) - Equity markets worldwide climbed to record highs on Friday as solid corporate earnings and an all-time peak for the Nasdaq stock index stoked investor optimism, while the dollar eased on gloomy U.S. economic data. Amazon.com Inc, Microsoft Corp and Google Inc led …

  • nr_Xerox_Square_Building_with_New_Logo_2008Jan7
    Xerox cuts 2015 profit forecast due to strong dollar By Sai Sachin R and Anya George Tharakan - Reuters - 5 hours ago

    Xerox Corp cut its full-year profit forecast, blaming a strong dollar, and the company reported lower-than-expected quarterly revenue as its printer sales fell and costs … More »Xerox cuts 2015 profit forecast due to strong dollar

    nr_Xerox_Square_Building_with_New_Logo_2008Jan7

    Xerox Corp cut its full-year profit forecast, blaming a strong dollar, and the company reported lower-than-expected quarterly revenue as its printer sales fell and costs rose. The company is focusing on its services business, which offers business process outsourcing and document outsourcing, as sales of printers and …

  • A Verizon logo is seen during the International CTIA WIRELESS Conference & Exposition in New Orleans, Louisiana
    Analysis - Verizon offer tests sport networks' hold on TV bundle By Lisa Richwine and Jennifer Saba - Reuters - 5 hours ago

    An escalating dispute between Verizon Communications Inc and media companies over Verizon's allowing customers to pick and choose bundles of TV networks underscores … More »Analysis - Verizon offer tests sport networks' hold on TV bundle

    A Verizon logo is seen during the International CTIA WIRELESS Conference & Exposition in New Orleans, Louisiana

    An escalating dispute between Verizon Communications Inc and media companies over Verizon's allowing customers to pick and choose bundles of TV networks underscores the importance of live sports programming to the pay TV business. Walt Disney Co , Comcast Corp's NBCUniversal and 21st Century Fox pulled ads for Verizon's …

  • Pedestrians walk past the Time Warner Cable headquarters in New York
    Charter seeks talks with Time Warner Cable - source By Liana B. Baker - Reuters - 5 hours ago

    Charter Communications Inc representatives have reached out to Time Warner Cable to begin discussions on a potential merger, a person familiar with the matter said … More »Charter seeks talks with Time Warner Cable - source

    Pedestrians walk past the Time Warner Cable headquarters in New York

    Charter Communications Inc representatives have reached out to Time Warner Cable to begin discussions on a potential merger, a person familiar with the matter said on Friday. Earlier Comcast Corp abandoned a $45 billion offer for Time Warner Cable after U.S. regulators raised concerns that the deal would give Comcast …

  • The front grill logo of a Ford F150 pick-up truck is shown in Carlsbad, California
    Ford recalling Fiesta, Fusion, Lincoln MKZ on door latch issue Reuters - 6 hours ago

    Ford Motor Co said on Friday it is recalling about 390,000 Ford Fiesta and Fusion and Lincoln MKZ models in North America because of a potential door latch malfunction. … More »Ford recalling Fiesta, Fusion, Lincoln MKZ on door latch issue

    The front grill logo of a Ford F150 pick-up truck is shown in Carlsbad, California

    Ford Motor Co said on Friday it is recalling about 390,000 Ford Fiesta and Fusion and Lincoln MKZ models in North America because of a potential door latch malfunction. The driver's door can become unlatched while the car is in motion, increasing the risk of injury, Ford said. Affected vehicles were produced at Ford …

  • General view of the Total's oil refinery at La Mede near Marseille
    Total seeks sale of its fuel retailing business in Turkey - sources By Humeyra Pamuk and Asli Kandemir - Reuters - 6 hours ago

    By Humeyra Pamuk and Asli Kandemir ISTANBUL (Reuters) - Total aims to sell its fuel distribution business in Turkey and has asked Societe Generale to lead the process, … More »Total seeks sale of its fuel retailing business in Turkey - sources

    General view of the Total's oil refinery at La Mede near Marseille

    By Humeyra Pamuk and Asli Kandemir ISTANBUL (Reuters) - Total aims to sell its fuel distribution business in Turkey and has asked Societe Generale to lead the process, sources said on Friday, as the French oil producer looks to retreat from a highly competitive and regulated market. Turkey has some of the steepest fuel …

  • Pedestrians walk past the Time Warner Cable headquarters in New York
    Charter seeks talks with Time Warner Cable By Liana B. Baker - Reuters - 6 hours ago

    Charter Communications Inc representatives have reached out to Time Warner Cable to begin discussions on a potential merger, a person familiar with the matter said … More »Charter seeks talks with Time Warner Cable

    Pedestrians walk past the Time Warner Cable headquarters in New York

    Charter Communications Inc representatives have reached out to Time Warner Cable to begin discussions on a potential merger, a person familiar with the matter said on Friday. Earlier Comcast Corp abandoned a $45 billion (29.65 billion pound) offer for Time Warner Cable after U.S. regulators raised concerns that the …

  • Pump Jacks are seen at sunrise near Bakersfield
    Brent at 4-1/2 month high; U.S. crude up for sixth week By Barani Krishnan - Reuters - 6 hours ago

    Fighting between Yemen's warring factions raged in southern and central parts of the country, and air strikes from a Saudi-led coalition hit Houthi militia forces, creating … More »Brent at 4-1/2 month high; U.S. crude up for sixth week

    Pump Jacks are seen at sunrise near Bakersfield

    Fighting between Yemen's warring factions raged in southern and central parts of the country, and air strikes from a Saudi-led coalition hit Houthi militia forces, creating more tensions over the security of Middle East oil supplies. A softer dollar also lent support to Brent and formed a floor beneath falling U.S. crude …

  • A man walks past the London Stock Exchange in the City of London
    Dollar falls on business spending, euro eases on Greece By Michael Connor - Reuters - 6 hours ago

    By Michael Connor NEW YORK (Reuters) - Data showing a seventh straight monthly decline in U.S. business spending plans knocked the dollar lower on Friday and gave Federal … More »Dollar falls on business spending, euro eases on Greece

    A man walks past the London Stock Exchange in the City of London

    By Michael Connor NEW YORK (Reuters) - Data showing a seventh straight monthly decline in U.S. business spending plans knocked the dollar lower on Friday and gave Federal Reserve policymakers even less reason to raise near-zero interest rates any time soon. U.S. non-defence capital goods orders excluding aircraft, a proxy …

  • The Petrobras logo is seen in front of the company's headquarters in Sao Paulo
    Analysis - Petrobras overhaul calls for much more than corruption clean-up By Jeb Blount - Reuters - 6 hours ago

    By Jeb Blount RIO DE JANEIRO (Reuters) - Petrobras' decision to take a massive $17 billion (11.20 billion pound) write-down to account for overvalued assets and corruption-related … More »Analysis - Petrobras overhaul calls for much more than corruption clean-up

    The Petrobras logo is seen in front of the company's headquarters in Sao Paulo

    By Jeb Blount RIO DE JANEIRO (Reuters) - Petrobras' decision to take a massive $17 billion (11.20 billion pound) write-down to account for overvalued assets and corruption-related costs is only the start of a broad overhaul needed to revive Brazil's troubled state-owned oil company. While many have focussed on the $2.1 …

  • People are silhouetted past a logo of the Airbus Group during the Airbus annual news conference in Colomiers
    Air Cote d'Ivoire to spend $200 million over two years Reuters - 6 hours ago

    Ivory Coast's national airline is to invest a total of $200 million (131.78 million pounds) in the next two years and acquire three of Airbus's A319 short-haul jets … More »Air Cote d'Ivoire to spend $200 million over two years

    People are silhouetted past a logo of the Airbus Group during the Airbus annual news conference in Colomiers

    Ivory Coast's national airline is to invest a total of $200 million (131.78 million pounds) in the next two years and acquire three of Airbus's A319 short-haul jets in its bid to become a regional hub operator, managing director Laurent Loukou told Reuters on Friday. As part of its spending plan Air Cote d'Ivoire this …

  • A British Sky Broadcasting Group (BSkyB) logo is seen at the company's UK headquarters in west London
    Sky approached Mediaset to buy pay-TV unit - sources By Elvira Pollina and Danilo Masoni - Reuters - 6 hours ago

    By Elvira Pollina and Danilo Masoni MILAN (Reuters) - The Italian unit of Sky Plc approached Italian broadcaster Mediaset to buy its unprofitable pay-TV business Mediaset … More »Sky approached Mediaset to buy pay-TV unit - sources

    A British Sky Broadcasting Group (BSkyB) logo is seen at the company's UK headquarters in west London

    By Elvira Pollina and Danilo Masoni MILAN (Reuters) - The Italian unit of Sky Plc approached Italian broadcaster Mediaset to buy its unprofitable pay-TV business Mediaset Premium but was rebuffed, according to two sources close to the matter. Mediaset Premium last year won exclusive rights to broadcast Champions League …

  • A man walks past the address where Nav Sarao Futures Limited is registered, in London
    'Flash crash' trader's ex-employer had no concerns about him Reuters - 6 hours ago

    (Reuters) - Futex, the trading firm that for five years employed the Briton accused of fraud and market manipulation by U.S. authorities related to the May 2010 'flash … More »'Flash crash' trader's ex-employer had no concerns about him

    A man walks past the address where Nav Sarao Futures Limited is registered, in London

    (Reuters) - Futex, the trading firm that for five years employed the Briton accused of fraud and market manipulation by U.S. authorities related to the May 2010 'flash crash,' had no concerns about his trading during his tenure, the firm said in a statement Friday. Futex, based in Woking, southwest of London, said that …

  • A trader poses in front of a screen on a trading floor in London
    From Woking to Wall Street - UK day traders dream of glory in daily grind By Sudip Kar-Gupta - Reuters - 6 hours ago

    The building is home to Futex, one of several so-called "trading farms" in the UK that give training, office space and equipment to people prepared to make short-term … More »From Woking to Wall Street - UK day traders dream of glory in daily grind

    A trader poses in front of a screen on a trading floor in London

    The building is home to Futex, one of several so-called "trading farms" in the UK that give training, office space and equipment to people prepared to make short-term trades, mostly within a day, with their own money in the hope of being hired or sponsored for a cut of their profits. Navinder Singh Sarao - who has been …

  • A Renault logo is seen on the new generation Renault Twingo, during the opening ceremony for a new production line for the new Renault Twingo, at Revoz in Novo Mesto
    France to 'talk again' with Renault but reaffirms vote plan By Jean-Baptiste Vey - Reuters - 7 hours ago

    By Jean-Baptiste Vey PARIS (Reuters) - French Economy Minister Emmanuel Macron said on Friday he would "talk again" with Renault boss Carlos Ghosn but reaffirmed his … More »France to 'talk again' with Renault but reaffirms vote plan

    A Renault logo is seen on the new generation Renault Twingo, during the opening ceremony for a new production line for the new Renault Twingo, at Revoz in Novo Mesto

    By Jean-Baptiste Vey PARIS (Reuters) - French Economy Minister Emmanuel Macron said on Friday he would "talk again" with Renault boss Carlos Ghosn but reaffirmed his intention to boost the government's voting rights in the carmaker in defiance of Ghosn's wishes. Ghosn has demanded that the government step back from its …

  • Customers queue to buy Apple Watch in Berlin, Germany
    Apple thwarts geeks, investors probing smartwatch components By Melanie Burton - Reuters - 7 hours ago

    By Melanie Burton MELBOURNE (Reuters) - Apple Inc managed to frustrate gadget lovers and investors desperate to find out the components of its new smartwatch on Friday, … More »Apple thwarts geeks, investors probing smartwatch components

    Customers queue to buy Apple Watch in Berlin, Germany

    By Melanie Burton MELBOURNE (Reuters) - Apple Inc managed to frustrate gadget lovers and investors desperate to find out the components of its new smartwatch on Friday, encasing its chips in tough resin and using rare screws to thwart people trying prise it apart. Gadget repair firm iFixit, which has carried out "teardowns" …