Companies News

  • Bank clerk counts Chinese yuan banknotes at a branch of Industrial and Commercial Bank of China in Huaibei
    China needs more currency reform to meet IMF standard - U.S. official By Rory Carroll - Reuters - 25 minutes ago

    By Rory Carroll SAN FRANCISCO (Reuters) - The United States feels China's yuan does not yet meet the standards for inclusion in the International Monetary Fund's basket … More »China needs more currency reform to meet IMF standard - U.S. official

    Bank clerk counts Chinese yuan banknotes at a branch of Industrial and Commercial Bank of China in Huaibei

    By Rory Carroll SAN FRANCISCO (Reuters) - The United States feels China's yuan does not yet meet the standards for inclusion in the International Monetary Fund's basket of global currencies, Treasury Secretary Jack Lew said on Tuesday. The yuan's inclusion in the basket, which defines the value of the IMF's reserve assets, …

  • French Gendarme Bruno Hermignies stands by a bulldozer clearing a path to the crash site of the Germanwings Airbus A320 in the mountains, near Seyne-les-Alpes
    Lufthansa flight school knew of crash pilot's depression By Victoria Bryan - Reuters - 31 minutes ago

    By Victoria Bryan BERLIN (Reuters) - The German pilot who crashed a plane in the French Alps last week, killing 150 people, told officials at a Lufthansa training school … More »Lufthansa flight school knew of crash pilot's depression

    French Gendarme Bruno Hermignies stands by a bulldozer clearing a path to the crash site of the Germanwings Airbus A320 in the mountains, near Seyne-les-Alpes

    By Victoria Bryan BERLIN (Reuters) - The German pilot who crashed a plane in the French Alps last week, killing 150 people, told officials at a Lufthansa training school in 2009 that he had gone through a period of severe depression, the airline said on Tuesday. The statement is potentially damaging for the airline and …

  • Comedy Central defends Trevor Noah against Twitter backlash Reuters - 42 minutes ago

    Comedy Central defended Trevor Noah, the South African comedian who will replace Jon Stewart as the host of the late-night news parody, "The Daily Show," against backlash … More »Comedy Central defends Trevor Noah against Twitter backlash

    Comedy Central defended Trevor Noah, the South African comedian who will replace Jon Stewart as the host of the late-night news parody, "The Daily Show," against backlash on Tuesday about past comments he made about Jews and women. Viacom Inc-owned Comedy Central, which airs "The Daily Show," said Noah, 31, is "a talented …

  • View of the headquarters of Comcast on JFK Boulevard in Philadelphia
    Comcast to form $4 billion investment arm with CFO at helm By Malathi Nayak - Reuters - 45 minutes ago

    Comcast Corp Chief Financial Officer Michael Angelakis will leave his position to head a new investment arm with up to $4.1 billion to invest in growth-oriented companies, … More »Comcast to form $4 billion investment arm with CFO at helm

    View of the headquarters of Comcast on JFK Boulevard in Philadelphia

    Comcast Corp Chief Financial Officer Michael Angelakis will leave his position to head a new investment arm with up to $4.1 billion to invest in growth-oriented companies, Comcast said on Tuesday. The largest U.S. cable operator will shell out $4 billion and Angelakis will invest at least $40 million with the rest coming …

  • Pentagon shifts approach to speed up commercial buying By Andrea Shalal - Reuters - 50 minutes ago

    By Andrea Shalal WASHINGTON (Reuters) - The U.S. Defense Department is revamping its rules to speed up purchases of commercial items, part of a larger drive to attract … More »Pentagon shifts approach to speed up commercial buying

    By Andrea Shalal WASHINGTON (Reuters) - The U.S. Defense Department is revamping its rules to speed up purchases of commercial items, part of a larger drive to attract new suppliers to the U.S. weapons market and drive down acquisition costs, the Pentagon's pricing czar told Reuters. The Pentagon has set a new target …

  • A trader reacts in front of his screens at the Frankfurt stock exchange
    Euro posts record quarterly drop; Wall St. ends day lower By Sinead Carew - Reuters - 52 minutes ago

    Investors are betting that the U.S. Federal Reserve will raise interest rates this year, while the European Central Bank's one-trillion-euro economic stimulus program … More »Euro posts record quarterly drop; Wall St. ends day lower

    A trader reacts in front of his screens at the Frankfurt stock exchange

    Investors are betting that the U.S. Federal Reserve will raise interest rates this year, while the European Central Bank's one-trillion-euro economic stimulus program is weakening the euro. On Wall Street, energy shares were among the biggest drags, falling in tandem with a decline in crude oil prices, offsetting a lift …

  • U.S. Treasury's Lew says strong dollar is good for America Reuters - 52 minutes ago

    U.S. Treasury Secretary Jack Lew on Tuesday said a strong dollar remains good for America, especially when it appreciates because of a strong domestic economy. "A strong … More »U.S. Treasury's Lew says strong dollar is good for America

    U.S. Treasury Secretary Jack Lew on Tuesday said a strong dollar remains good for America, especially when it appreciates because of a strong domestic economy. "A strong dollar is good for the United States, especially when it's reflecting a strong U.S. economy relative to other economies." Lew told an audience following …

  • Arundhati Bhattacharya, Chairman of the State Bank of India, poses with the company's logo at the bank's headquarters in Mumbai
    Stock options, new blood as India's state banks ready for change By Devidutta Tripathy and Clara Ferreira-Marques - Reuters - 1 hour 2 minutes ago

    By Devidutta Tripathy and Clara Ferreira-Marques MUMBAI, (Reuters) - State Bank of India , the country's largest lender, may offer employee share options, recruit specialists … More »Stock options, new blood as India's state banks ready for change

    Arundhati Bhattacharya, Chairman of the State Bank of India, poses with the company's logo at the bank's headquarters in Mumbai

    By Devidutta Tripathy and Clara Ferreira-Marques MUMBAI, (Reuters) - State Bank of India , the country's largest lender, may offer employee share options, recruit specialists and promote faster - radical changes that promise to shake up a bloated, debt-heavy sector. India's state banks are under pressure to improve profitability …

  • Toronto Stock Exchange logo is seen in Toronto
    TSX steady as bank strength offset by Teck's dive By Solarina Ho - Reuters - 1 hour 7 minutes ago

    By Solarina Ho TORONTO (Reuters) - Canada's main stock index was little changed on Tuesday as strength in its financial sector was offset by a selloff of miner Teck … More »TSX steady as bank strength offset by Teck's dive

    Toronto Stock Exchange logo is seen in Toronto

    By Solarina Ho TORONTO (Reuters) - Canada's main stock index was little changed on Tuesday as strength in its financial sector was offset by a selloff of miner Teck Resources Ltd after it denied it was in merger talks. Teck retreated 10.6 percent to C$17.38. The stock had surged on Monday after Bloomberg News reported …

  • An oil drill is pictured in the Kern River oil field in Bakersfield
    Oil deepens loss on Iran talks; Brent ends March down 12 percent By Barani Krishnan - Reuters - 1 hour 17 minutes ago

    By Barani Krishnan NEW YORK (Reuters) - Oil fell for a third straight session on Tuesday, with Brent crude tumbling 12 percent for the month, as world powers entered … More »Oil deepens loss on Iran talks; Brent ends March down 12 percent

    An oil drill is pictured in the Kern River oil field in Bakersfield

    By Barani Krishnan NEW YORK (Reuters) - Oil fell for a third straight session on Tuesday, with Brent crude tumbling 12 percent for the month, as world powers entered into intense negotiations with Iran for a nuclear deal that could bring more of its oil to an oversupplied market. In Tuesday's session, prices ended off …

  • Discovery expects Eurosport app to reach one million subs in two years Reuters - 1 hour 17 minutes ago

    (Reuters) - Discovery Communications Chief Executive David Zaslav said he expects its Eurosport Group's player app to reach one million subscribers in two years and that … More »Discovery expects Eurosport app to reach one million subs in two years

    (Reuters) - Discovery Communications Chief Executive David Zaslav said he expects its Eurosport Group's player app to reach one million subscribers in two years and that it will bring an additional $100 million in revenue. "It's a big initiative," he said about the Eurosport app. Zaslav said Discovery is getting "aggressive" …

  • CORRECTED-Discovery expects Eurosport app to reach 1 mln subs in 2 years Reuters - 1 hour 19 minutes ago

    (Corrects headline, paragraphs 1-2 to say Eurosport app not channel) March 31 (Reuters) - Discovery Communications Chief Executive David Zaslav said he expects its … More »CORRECTED-Discovery expects Eurosport app to reach 1 mln subs in 2 years

    (Corrects headline, paragraphs 1-2 to say Eurosport app not channel) March 31 (Reuters) - Discovery Communications Chief Executive David Zaslav said he expects its Eurosport Group's player app to reach one million subscribers in two years and that it will bring an additional $100 million in revenue. "It's a big initiative," …

  • UAW union gained more than 12,000 members in 2014: filing Reuters - 1 hour 20 minutes ago

    Membership in the United Auto Workers union rose by more than 12,000 people to 403,466 in 2014, the fifth consecutive year of small gains for the American union, according … More »UAW union gained more than 12,000 members in 2014: filing

    Membership in the United Auto Workers union rose by more than 12,000 people to 403,466 in 2014, the fifth consecutive year of small gains for the American union, according to an annual filing with the U.S. Department of Labor. News of the 3 percent increase in UAW membership comes in a year when the union will begin talks …

  • Photo illustration of U.S. dollar notes displayed in Johannesburg
    Wall St. earnings estimates may not foretell currency impact By Sinead Carew - Reuters - 1 hour 25 minutes ago

    An early example to watch is Monsanto Co, which reports results on Wednesday, April 1 for its fiscal quarter ended Feb. 28. On Jan 7, before the dollar's biggest … More »Wall St. earnings estimates may not foretell currency impact

    Photo illustration of U.S. dollar notes displayed in Johannesburg

    An early example to watch is Monsanto Co, which reports results on Wednesday, April 1 for its fiscal quarter ended Feb. 28. On Jan 7, before the dollar's biggest moves of the quarter, the company said currency issues would reduce its 2015 earnings by between 15 cents and 20 cents, similar to 2014, when the dollar …

  • Traders works on the floor of the New York Stock Exchange
    Wall St. retreats but S&P, Nasdaq post quarterly gains By Caroline Valetkevitch - Reuters - 1 hour 32 minutes ago

    U.S. stocks ended down on Tuesday in a retreat from the previous session's sharp rally as energy shares declined and the dollar edged up, but the S&P 500 and Nasdaq registered … More »Wall St. retreats but S&P, Nasdaq post quarterly gains

    Traders works on the floor of the New York Stock Exchange

    U.S. stocks ended down on Tuesday in a retreat from the previous session's sharp rally as energy shares declined and the dollar edged up, but the S&P 500 and Nasdaq registered their ninth straight quarterly rise. The S&P's 500 quarterly winning streak was its longest since 1998, while the Nasdaq's was its longest ever. …

  • The exterior of a RadioShack store is seen in New York
    RadioShack co-branding of stores with Sprint wins court approval By Nick Brown and Tom Hals - Reuters - 1 hour 45 minutes ago

    A plan to salvage RadioShack Corp’s business by co-branding most of its 1,740 surviving stores with cellular phone provider Sprint Corp earned U.S. bankruptcy court … More »RadioShack co-branding of stores with Sprint wins court approval

    The exterior of a RadioShack store is seen in New York

    A plan to salvage RadioShack Corp’s business by co-branding most of its 1,740 surviving stores with cellular phone provider Sprint Corp earned U.S. bankruptcy court approval on Tuesday, ending four days of contested court hearings. The stores are what survived of more than 4,000 outlets after RadioShack went bankrupt …

  • Asia Resource Minerals targets end June to complete recapitalisation Reuters - 1 hour 56 minutes ago

    (Reuters) - Indonesia-focused coal mining company Asia Resource Minerals (ARMS) aims to complete a recapitalisation programme by the end of June, the company said on … More »Asia Resource Minerals targets end June to complete recapitalisation

    (Reuters) - Indonesia-focused coal mining company Asia Resource Minerals (ARMS) aims to complete a recapitalisation programme by the end of June, the company said on Tuesday, as it released a prospectus for its refinancing. The prospectus published by the London-listed mining company, previously know as Bumi, also includes …

  • Obama lifts hold on U.S. military aid to Egypt By Roberta Rampton - Reuters - 2 hours 1 minute ago

    By Roberta Rampton WASHINGTON (Reuters) - President Barack Obama on Monday told Egyptian President Abdel Fattah al-Sisi that he would lift a hold on U.S. military aid … More »Obama lifts hold on U.S. military aid to Egypt

    By Roberta Rampton WASHINGTON (Reuters) - President Barack Obama on Monday told Egyptian President Abdel Fattah al-Sisi that he would lift a hold on U.S. military aid to Cairo, but also said the United States would stop allowing Egypt to buy equipment on credit starting in fiscal year 2018. Obama has been reviewing military …

  • As many Americans fear pilot crashes as they do hijacking By Daniel Wallis - Reuters - 2 hours 6 minutes ago

    Americans fear pilots purposely crashing an airliner as much as they are afraid of a hijacking, and over a quarter are more scared of flying than they were before a copilot … More »As many Americans fear pilot crashes as they do hijacking

    Americans fear pilots purposely crashing an airliner as much as they are afraid of a hijacking, and over a quarter are more scared of flying than they were before a copilot crashed a jet in France last week, killing 150 people, a Reuters/Ipsos poll found. Andreas Lubitz, who prosecutors said had been previously treated …

  • Congress, Obama head for Iran showdown, regardless of talks outcome By Patricia Zengerle - Reuters - 2 hours 18 minutes ago

    By Patricia Zengerle WASHINGTON (Reuters) - U.S. Republicans will push ahead with legislation reflecting their deep mistrust of a nuclear deal with Iran whatever the … More »Congress, Obama head for Iran showdown, regardless of talks outcome

    By Patricia Zengerle WASHINGTON (Reuters) - U.S. Republicans will push ahead with legislation reflecting their deep mistrust of a nuclear deal with Iran whatever the outcome of talks between Tehran and major powers in Switzerland, setting up further confrontation with President Barack Obama. If that deadline is missed, …

  • The Shell logo is seen on a pump at a Shell petrol station in London
    U.S. approval moves Shell a step closer to Arctic drilling Reuters - 2 hours 23 minutes ago

    The U.S. Interior Department on Tuesday upheld a 2008 lease sale in the Chukchi Sea off Alaska, moving Royal Dutch Shell a step closer to returning to oil and gas exploration … More »U.S. approval moves Shell a step closer to Arctic drilling

    The Shell logo is seen on a pump at a Shell petrol station in London

    The U.S. Interior Department on Tuesday upheld a 2008 lease sale in the Chukchi Sea off Alaska, moving Royal Dutch Shell a step closer to returning to oil and gas exploration in the Arctic since it suffered mishaps in the region in 2012. "The Arctic is an important component of the Administration's national energy strategy, …

  • A zoomed illustration image of a man looking at a computer monitor showing the logo of Amazon is seen in Vienna
    Amazon launches button for instant product ordering Reuters - 2 hours 24 minutes ago

    (Reuters) - Online retailer Amazon.com Inc has launched a hardware that allows its Prime members to order a product by pushing a button. The 'Dash button', which is … More »Amazon launches button for instant product ordering

    A zoomed illustration image of a man looking at a computer monitor showing the logo of Amazon is seen in Vienna

    (Reuters) - Online retailer Amazon.com Inc has launched a hardware that allows its Prime members to order a product by pushing a button. The 'Dash button', which is connected with the Amazon app through Wi-Fi, is brand specific and the company has tied up with household names such as Tide, Huggies and Gillette. Reuters …

  • Warren Buffett, chief executive officer and chairman of Berkshire Hathaway Inc, speaks at a National Auto Dealers Association event in New York
    Berkshire's Buffett says Grexit 'may not be bad' for euro zone -CNBC Reuters - 2 hours 27 minutes ago

    Warren Buffett, the billionaire chief executive officer and chairman of Berkshire Hathaway Inc , said Tuesday that an exit by Greece from the euro zone could be constructive … More »Berkshire's Buffett says Grexit 'may not be bad' for euro zone -CNBC

    Warren Buffett, chief executive officer and chairman of Berkshire Hathaway Inc, speaks at a National Auto Dealers Association event in New York

    Warren Buffett, the billionaire chief executive officer and chairman of Berkshire Hathaway Inc , said Tuesday that an exit by Greece from the euro zone could be constructive for the region. "If it turns out the Greeks leave, that may not be a bad thing for the euro," Buffett told cable television network CNBC. He said …

  • Buffett says if he ran Fed, he would not raise rates significantly Reuters - 2 hours 34 minutes ago

    Warren Buffett, the billionaire chief executive officer and chairman of Berkshire Hathaway Inc said he would not raise interest rates significantly if he ran the Federal … More »Buffett says if he ran Fed, he would not raise rates significantly

    Warren Buffett, the billionaire chief executive officer and chairman of Berkshire Hathaway Inc said he would not raise interest rates significantly if he ran the Federal Reserve. "I probably wouldn't do much," Buffett said when asked what he would do if he ran the Fed. "Things are working pretty well and I would be worried …

  • Wells Fargo branch is seen in the Chicago suburb of Evanston, Illinois
    Wells Fargo gets U.S. approval to use internal models for capital Reuters - 2 hours 41 minutes ago

    WASHINGTON (Reuters) - Wells Fargo won regulatory approval on Tuesday from federal banking regulators to use its own tailored risk models for determining its capital … More »Wells Fargo gets U.S. approval to use internal models for capital

    Wells Fargo branch is seen in the Chicago suburb of Evanston, Illinois

    WASHINGTON (Reuters) - Wells Fargo won regulatory approval on Tuesday from federal banking regulators to use its own tailored risk models for determining its capital requirements.

  • Northern Nigeria erupts in celebration at Buhari win By Bate Felix - Reuters - 2 hours 47 minutes ago

    By Bate Felix KADUNA, Nigeria (Reuters) - Nigerians streamed down the streets of flashpoint northern cities on Tuesday, waving flags and chanting in celebration of … More »Northern Nigeria erupts in celebration at Buhari win

    By Bate Felix KADUNA, Nigeria (Reuters) - Nigerians streamed down the streets of flashpoint northern cities on Tuesday, waving flags and chanting in celebration of a stunning election victory by opposition candidate, northerner Muhammadu Buhari. The divided city of Kaduna had been calm and deserted for most of the day …

  • Hamleys opens its largest toy store in Moscow despite economic crisis Reuters - 2 hours 59 minutes ago

    British toy store Hamleys opened its largest shop in the world on Tuesday in central Moscow despite an economic downturn in Russia that is forcing buyers to cut back … More »Hamleys opens its largest toy store in Moscow despite economic crisis

    British toy store Hamleys opened its largest shop in the world on Tuesday in central Moscow despite an economic downturn in Russia that is forcing buyers to cut back on spending. "We want to open much more in Russia. We consider it a fantastic market for children's toys retail sales, a growing market," Hamley's chief …

  • Supporters of the presidential candidate Muhammadu Buhari and his All Progressive Congress party celebrate in Kano
    Nigeria's Buhari wins historic election landslide By Tim Cocks and Alexis Akwagyiram - Reuters - 3 hours ago

    By Tim Cocks and Alexis Akwagyiram ABUJA (Reuters) - Three decades after seizing power in a military coup, Muhammadu Buhari became the first Nigerian to oust a president … More »Nigeria's Buhari wins historic election landslide

    Supporters of the presidential candidate Muhammadu Buhari and his All Progressive Congress party celebrate in Kano

    By Tim Cocks and Alexis Akwagyiram ABUJA (Reuters) - Three decades after seizing power in a military coup, Muhammadu Buhari became the first Nigerian to oust a president through the ballot box, putting him in charge of Africa's biggest economy and one of its most turbulent democracies. As the scale of this weekend's electoral …

  • Vincent Bollore, the current vice-chairman of Vivendi and largest shareholder, attends the company's shareholders meeting in Paris
    Vivendi employees back Bollore against activist challenge Reuters - 3 hours ago

    Vivendi employees have come out in support of chairman and largest shareholder Vincent Bollore and have opposed a call by a U.S. hedge fund to sell one of the … More »Vivendi employees back Bollore against activist challenge

    Vincent Bollore, the current vice-chairman of Vivendi and largest shareholder, attends the company's shareholders meeting in Paris

    Vivendi employees have come out in support of chairman and largest shareholder Vincent Bollore and have opposed a call by a U.S. hedge fund to sell one of the French media group's two remaining businesses. Activist investor P. Schoenfeld Asset Management (PSAM), which says it owns 0.8 percent of Vivendi, has urged …

  • Canada reducing number of meat inspections, union says By Rod Nickel - Reuters - 3 hours ago

    By Rod Nickel WINNIPEG (Reuters) - The Canadian government, under pressure to eliminate its budget deficit, has reduced the frequency of inspections at certain Alberta … More »Canada reducing number of meat inspections, union says

    By Rod Nickel WINNIPEG (Reuters) - The Canadian government, under pressure to eliminate its budget deficit, has reduced the frequency of inspections at certain Alberta meat-packing plants and plans to cut spending on food safety, the food inspectors' union said on Tuesday. Ottawa had made some improvements to meat inspections …