News
  • World stocks notch up new high but it's all about the Fed
    Wed, 20 Sep 2017 05:14:46 -0400

    LONDON (Reuters) - World stocks eked out a new record high on Wednesday and the dollar dipped against its major rivals with the focus on a U.S. Federal Reserve policy meeting that may give clues as to whether it will raise interest rates for a third time this year.

  • T-Mobile U.S. explores takeover of Sprint: source
    Wed, 20 Sep 2017 06:15:09 -0400

    (Reuters) - U.S. wireless carrier T-Mobile US Inc is exploring taking over rival Sprint Corp in an all-stock deal, after SoftBank Group Corp offered to give up its majority ownership of Sprint, a person familiar with the matter said.

  • Uber reviews Asia business amid U.S. bribery probe: source
    Wed, 20 Sep 2017 03:24:02 -0400

    (Reuters) - Uber Technologies Inc [UBER.UL], which is the subject of a U.S. federal probe into whether it broke bribery laws, has started a review of its Asia operations and notified U.S. authorities about payments made by staff to police officers in Indonesia, a person familiar with the matter told Reuters.

  • Wells Fargo's lone outsider aims to clean up bank's reputation
    Wed, 20 Sep 2017 01:24:26 -0400

    NEW YORK (Reuters) - Before a sales scandal upended its reputation, Wells Fargo & Co was something of a proud outsider in Washington and on Wall Street compared to its big bank peers.

  • How $5 billion of debt caught up with Toys 'R' Us
    Wed, 20 Sep 2017 06:06:36 -0400

    (Reuters) - Toys "R" Us Inc has been making $400 million in interest payments on its debt every year, largely due to its $6.6 billion leveraged buyout in 2005. This week, it succumbed to its debt burden, leading to the biggest bankruptcy of a U.S. retailer since that of Kmart in 2004.

  • New Zealand election could put an obstacle in path to nailing TPP deal
    Wed, 20 Sep 2017 01:48:00 -0400

    WELLINGTON (Reuters) - If New Zealanders vote this weekend to change who governs them, that could create an obstacle to plans by members of the Trans-Pacific Partnership (TPP) to finalize a trade deal in November.

  • Toshiba selects Bain group as buyer of its prized chip business: sources
    Wed, 20 Sep 2017 05:34:04 -0400

    TOKYO (Reuters) - Japan's embattled Toshiba Corp has chosen a group led by U.S. private equity firm Bain Capital to buy its prized memory chip unit, three people with knowledge of the talks said on Wednesday, a last-minute dramatic twist to a highly contentious auction.

  • Eurowings wins union backing to speed up hiring amid Air Berlin turbulence
    Wed, 20 Sep 2017 06:22:01 -0400

    BERLIN (Reuters) - Lufthansa budget unit Eurowings has agreed a deal with the Verdi union that will allow it to hire new cabin crew at short notice from rivals such as bankrupt Air Berlin .

  • Airbus opens China A330 plant amid market push
    Wed, 20 Sep 2017 01:18:02 -0400

    TIANJIN (Reuters) - Airbus SE on Wednesday opened its Chinese completion plant for A330 jets, with hopes that an increased presence in the world's fastest growing aviation market would help boost demand for the firm's profitable but ageing wide-body jets.

  • Walmart, Target join call for 'Dreamer' legislation
    Wed, 20 Sep 2017 05:26:00 -0400

    (Reuters) - Wal-Mart Stores Inc, Target Corp and PepsiCo Inc on Wednesday joined an expanded group of nearly 800 companies calling in a letter for U.S. legislation to protect immigrants brought into the country illegally by their parents from deportation, according to organizer FWD.us.

  • Trump administration red tape tangles up visas for skilled foreigners, data shows
    Wed, 20 Sep 2017 06:23:45 -0400

    WASHINGTON (Reuters) - The Trump administration is making it more difficult for skilled foreigners to work in the United States, challenging visa applications more often than at nearly any point in the Obama era, according to data reviewed by Reuters.   

  • Desperate night search in Mexico school, other ruins as quake deaths pass 200
    Wed, 20 Sep 2017 06:13:54 -0400

    MEXICO CITY (Reuters) - Desperate rescue workers scrabbled through rubble in a floodlit search on Wednesday for dozens of children feared buried under a Mexico City school, one of hundreds of buildings wrecked by the country's most lethal earthquake in a generation.

  • Walmart, Target join call for 'Dreamer' legislation
    Wed, 20 Sep 2017 05:26:00 -0400

    (Reuters) - Wal-Mart Stores Inc, Target Corp and PepsiCo Inc on Wednesday joined an expanded group of nearly 800 companies calling in a letter for U.S. legislation to protect immigrants brought into the country illegally by their parents from deportation, according to organizer FWD.us.

  • Trump using campaign, RNC funds to pay legal bills from Russia probe: sources
    Tue, 19 Sep 2017 19:43:44 -0400

    NEW YORK (Reuters) - U.S. President Donald Trump is using money donated to his re-election campaign and the Republican National Committee to pay for his lawyers in the probe of alleged Russian interference in the U.S. election, two people familiar with the matter told Reuters.

  • Battering smaller islands, powerful Hurricane Maria barrels toward Puerto Rico
    Wed, 20 Sep 2017 06:01:48 -0400

    SAN JUAN, Puerto Rico (Reuters) - Hurricane Maria, the second maximum-strength storm to hit the Caribbean this month, battered the U.S. Virgin Island of St. Croix on Wednesday and headed toward Puerto Rico, set to be the strongest storm to hit the island in about 90 years.

  • Fed conflicted by tepid U.S. inflation, global economic rebound
    Wed, 20 Sep 2017 04:47:34 -0400

    WASHINGTON (Reuters) - Caught between a lull in U.S. inflation and a stronger global economy, the Federal Reserve is expected on Wednesday to signal whether it will raise interest rates for a third time this year or back off until prices rise more briskly.

  • Exclusive: Trump administration prepares to ease export rules for U.S. guns
    Wed, 20 Sep 2017 06:17:28 -0400

    WASHINGTON (Reuters) - The Trump administration is preparing to make it easier for American gun makers to sell small arms, including assault rifles and ammunition, to foreign buyers, according to senior U.S. officials.

  • China offers support for strife-torn Venezuela at United Nations
    Wed, 20 Sep 2017 01:00:44 -0400

    BEIJING (Reuters) - China believes that the Venezuelan government and people can resolve their problems within a legal framework and maintain national stability, Chinese Foreign Minister Wang Yi told his Venezuelan counterpart at the United Nations.

  • Trump's U.N. speech shows nationalist instincts firmly intact
    Wed, 20 Sep 2017 06:32:07 -0400

    Among the many signals that Donald Trump sent in his speech to the United Nations on Tuesday, one was especially clear: former chief strategist Steve Bannon's White House departure has not muted the president's "America First" foreign policy instincts.

  • Myanmar's Suu Kyi denies going 'soft' on military
    Wed, 20 Sep 2017 04:23:30 -0400

    YANGON (Reuters) - Myanmar leader Aung San Suu Kyi has rejected a suggestion she is soft on the military, which the United Nations has accused of ethnic cleansing, saying her relationship with the generals was normal and her objective was national reconciliation.

  • The Hidden Obamacare Detail That Could Cost Hospitals Billions
    Tue, 19 Sep 2017 11:38:46 EDT

    A seemingly arcane detail of Obamacare could put significant cost pressure on hospital companies and eventually drug and medical device makers.

  • How to Make Money on the Chinese Internet
    Tue, 19 Sep 2017 04:54:14 EDT

    Activist investor Aristeia Capital shows the way for New York-listed Sina to unlock long-trapped value in subsidiary Weibo.

  • Pirelli IPO: Are Expensive Tires Worth It?
    Tue, 19 Sep 2017 11:08:40 EDT

    Car tires can be surprisingly glamorous. But investors may be better off waiting before buying into Italian tire-maker Pirelli.

  • Unfinished Business: Why Oil Output May Surprise
    Tue, 19 Sep 2017 13:14:53 EDT

    There are signs that the surge in drilling by shale-oil producers has ended, reducing estimates of U.S. oil output and pushing up prices.

  • Dear Apple: Thanks for the Memory
    Mon, 18 Sep 2017 17:59:33 EDT

    Little noticed amid the hype around the newest iPhones is the boon that the new wave of fancy phones means for the makers of memory chips inside.

  • A $15 Billion Merger at Risk From Shareholders Who Don't Vote
    Mon, 18 Sep 2017 09:54:36 EDT

    The merger of chemical giants Huntsman and Clariant could trip up on weak turnout in a Swiss shareholder vote.

  • Why P&G Investors Should Want Nelson Peltz on the Board
    Fri, 15 Sep 2017 11:12:17 EDT

    After some serious missteps, the once irreproachable consumer-goods giant has lost the right to say: Just trust me.

  • Maybe Markets Shouldn't Be So Scared of ECB Tapering After All
    Mon, 18 Sep 2017 10:40:12 EDT

    For markets fretting about a world with less central-bank stimulus, Portugal has given a hint that it might not be that bad after all.

  • China's Backdoor Real-Estate Bailout
    Mon, 18 Sep 2017 06:43:07 EDT

    China’s housing market is clearly in retreat. But that doesn’t mean a collapse is near: The government is propping up the market in a new way.

  • Why U.S. Consumers Are Feeling Spent
    Fri, 15 Sep 2017 16:43:51 EDT

    The weak August retail sales report reflects the limited wherewithal Americans have to spend more.

  • Drug Stocks Benefit From the Sound of Silence
    Sun, 17 Sep 2017 16:36:52 EDT

    A movement to crack down on high drug prices appears to have fizzled, giving stock prices a lift.

  • The World's Biggest Auto Makers Aren't Always the Best for Investors
    Sun, 17 Sep 2017 07:45:44 EDT

    The Renault-Nissan-Mitsubishi automotive alliance is doubling down on scale and cost-sharing, but investors only care about margins.

  • Australian Banks Could Finally Head Down Under
    Fri, 15 Sep 2017 05:58:04 EDT

    Australia’s housing market has long looked headed for a fall. That could finally be true—a bad sign for the country’s highly valued major lenders.

  • Banks Have the Low Mortgage Rate Blues, Again
    Thu, 14 Sep 2017 12:44:16 EDT

    The third quarter was already looking pretty tepid for banks, and falling mortgage rates have made the outlook more glum for some.

  • Oracle's Cloud Is a Rainmaker
    Thu, 14 Sep 2017 18:19:01 EDT

    The software giant’s transition is picking up steam, though its near-term forecast dims the stock.

  • Toshiba Is Running Out of Options for Its Chip Business
    Thu, 14 Sep 2017 10:43:13 EDT

    Toshiba’s sale of its memory-chip business is turning into a saga, and it doesn’t have time for that: A deal with Western Digital may be the best choice left.

  • Attention Investors: The Stretch of Very Weak Inflation Is Over
    Thu, 14 Sep 2017 12:17:33 EDT

    Investors have been enjoying what might best be called the Bizarro Goldilocks economy. The latest inflation report serves as a warning the fairy tale may be drawing to its close.

  • Why the Bank of England Has an Itchy Trigger Finger
    Thu, 14 Sep 2017 10:12:52 EDT

    Bank of England governor Mark Carney was once dubbed an “unreliable boyfriend” by a politician when it comes to guiding expectations. September’s meeting has set the stage for a real test of fidelity.

  • Munich Re: A Reinsurer With Cushion to Withstand Hurricane Damage
    Thu, 14 Sep 2017 09:02:57 EDT

    Investors should see Munich Re’s profit warning after Hurricanes Harvey and Irma as a buying opportunity.

  • China Slows Again: Hedge Your Growth Bets, But Don't Panic
    Thu, 14 Sep 2017 13:05:40 EDT

    Chinese investment and industrial production slowed sharply for the second month in a row in August, in a clear sign that weak July data was no heat-related fluke. Overextended commodity rallies are about to run back into reality, but there are still some reasons for guarded optimism.

  • Goldman Faces Fight in Finding New Trading Clients
    Wed, 13 Sep 2017 13:42:06 EDT

    Goldman Sachs’ plan to turn around its trading operations depends on its ability to take market share from other banks.

  • An Inflation Surprise Could Leave Bond Investors Aching
    Wed, 13 Sep 2017 05:30:18 EDT

    After a two-month run in which government bond yields fell around the world, the start of this week brought a sharp reversal—and investors may be wise to get used to the latest direction.

  • Western Digital's Flashing Pain
    Wed, 13 Sep 2017 18:00:59 EDT

    Western Digital is learning that there is a price for friendship or, in the case of Toshiba, a lack of it.

  • Heard on the Street Summer Stock Picks
    Wed, 13 Sep 2017 06:08:27 EDT

    This summer, Heard on the Street’s scribes pulled a seat up to the pundits’ table, slapping a “buy” or “sell” on 22 investments ranging from blue chip U.S. and European stocks to entire currencies or national stock markets.

  • China's Next Debt Addiction---Credit Cards
    Thu, 14 Sep 2017 13:04:12 EDT

    Interest in credit cards is growing fast in China, but penetration remains low. That could be a rare bright spot for the country’s banks

  • Apple's iPhone X Needs to Scale a New Peak
    Wed, 13 Sep 2017 09:32:03 EDT

    Apple’s latest smartphones are expected to push company past the peak set by iPhone 6 three years ago.

  • Why Hurricanes Hurt Weak Retailers, Help Strong Ones
    Tue, 12 Sep 2017 14:46:33 EDT

    Retailers that already were doing well before the hurricanes that hit Texas and Florida will do even better, and many that were already doing poorly will do worse.

  • What Apple's iPhone Launch Could Mean for Its Suppliers
    Tue, 12 Sep 2017 07:56:14 EDT

    Shares of companies that provide Apple with iPhone parts tend to underperform in the months following a new model’s launch.

  • Gold Is Flashing Inflation, Not North Korea
    Tue, 12 Sep 2017 09:25:43 EDT

    The run-up in gold has coincided with rising fears of armed conflict in Asia. Investors should be paying attention to inflation and China instead.

  • Another Year to Forget Looms for Investment Banks
    Tue, 12 Sep 2017 11:23:07 EDT

    Globally, investment banks need a knockout final few months in 2017 to arrest the decline in revenues. And with leading executives already talking down the third quarter, the industry isn’t starting from the best place.

  • Why the Market Keeps Going Up and What Would Bring It Down
    Tue, 12 Sep 2017 06:17:43 EDT

    The stock market just won’t go down, despite geopolitical concerns, stretched valuations and an unpredictable president. Understanding why shares keep rising is key to knowing when it might end.

  • Irma Misses Insurers' Danger Zone
    Mon, 11 Sep 2017 15:54:41 EDT

    Hurricane Irma has left a trail of destruction across Florida. But loss estimates have fallen, benefiting insurers now but leaving a tough pricing trend in place.

  • Prada Is Expensive Even After Price Cut
    Mon, 11 Sep 2017 14:56:10 EDT

    Prada’s handbags aren’t the ones to buy this year. Neither are its shares, which look expensive even after Monday’s 12% plunge.

  • Now Comes the Hard Part at Teva
    Mon, 11 Sep 2017 23:29:03 EDT

    Investors love Teva’s new CEO, but falling generic drug prices and high debt will weigh on shares.

  • An Undervalued New Player in the Energy Industry
    Mon, 11 Sep 2017 18:14:40 EDT

    The merger between GE’s energy business and Baker Hughes has created a new company with more profitability levers to pull than peers while trading at a discount to them.

  • Beijing and Bitcoin Don't Mix
    Tue, 12 Sep 2017 11:40:02 EDT

    The Chinese authorities are growing ever more wary of cryptocurrencies—a fact that should chill bitcoin fans.

  • Investors Right to Fear Kroger's Future
    Fri, 08 Sep 2017 16:27:19 EDT

    Kroger says Amazon and discounters are clouding its outlook, which shareholders don’t like to hear.

  • Apple's Trillion Dollar iPhone
    Mon, 11 Sep 2017 09:09:27 EDT

    Apple’s market value has surged in anticipation of a strong cycle, which makes further upside more challenging.

  • Beijing's Latest Yuan Move Is All About Optics
    Mon, 11 Sep 2017 03:52:35 EDT

    The decision to reverse an arcane rule around currency derivatives is unlikely to check the yuan’s upward momentum.

  • Hurricane Irma Tests Risk-Reward of Catastrophe-Bond Market
    Fri, 08 Sep 2017 22:00:53 EDT

    Yield-chasing investors have taken on more risk for less potential return in cat bonds; now those investments are at risk.

  • Miners Risk Falling Down Same Old Hole
    Fri, 08 Sep 2017 06:40:52 EDT

    Mining firms are riding high as metal prices touch their loftiest levels in years. But rebounding investment in copper and iron mines could spell trouble next year.

  • Ambarella's Newest Vision Worth a Look
    Fri, 08 Sep 2017 16:14:24 EDT

    Chip maker Ambarella has floundered with weak GoPro, drone sales. But computer vision chips offer a promising turnaround

  • Ailing Akzo Nobel Keeps Deal Talk Alive and Well
    Fri, 08 Sep 2017 08:05:08 EDT

    Akzo Nobel seems less and less likely to retain its independence.

  • Trump administration red tape tangles up visas for skilled foreigners, data shows
    Wed, 20 Sep 2017 06:23:45 -0400

    WASHINGTON (Reuters) - The Trump administration is making it more difficult for skilled foreigners to work in the United States, challenging visa applications more often than at nearly any point in the Obama era, according to data reviewed by Reuters.   

  • Desperate night search in Mexico school, other ruins as quake deaths pass 200
    Wed, 20 Sep 2017 06:13:54 -0400

    MEXICO CITY (Reuters) - Desperate rescue workers scrabbled through rubble in a floodlit search on Wednesday for dozens of children feared buried under a Mexico City school, one of hundreds of buildings wrecked by the country's most lethal earthquake in a generation.

  • Walmart, Target join call for 'Dreamer' legislation
    Wed, 20 Sep 2017 05:26:00 -0400

    (Reuters) - Wal-Mart Stores Inc, Target Corp and PepsiCo Inc on Wednesday joined an expanded group of nearly 800 companies calling in a letter for U.S. legislation to protect immigrants brought into the country illegally by their parents from deportation, according to organizer FWD.us.

  • Trump using campaign, RNC funds to pay legal bills from Russia probe: sources
    Tue, 19 Sep 2017 19:43:44 -0400

    NEW YORK (Reuters) - U.S. President Donald Trump is using money donated to his re-election campaign and the Republican National Committee to pay for his lawyers in the probe of alleged Russian interference in the U.S. election, two people familiar with the matter told Reuters.

  • Battering smaller islands, powerful Hurricane Maria barrels toward Puerto Rico
    Wed, 20 Sep 2017 06:01:48 -0400

    SAN JUAN, Puerto Rico (Reuters) - Hurricane Maria, the second maximum-strength storm to hit the Caribbean this month, battered the U.S. Virgin Island of St. Croix on Wednesday and headed toward Puerto Rico, set to be the strongest storm to hit the island in about 90 years.

  • Fed conflicted by tepid U.S. inflation, global economic rebound
    Wed, 20 Sep 2017 04:47:34 -0400

    WASHINGTON (Reuters) - Caught between a lull in U.S. inflation and a stronger global economy, the Federal Reserve is expected on Wednesday to signal whether it will raise interest rates for a third time this year or back off until prices rise more briskly.

  • Exclusive: Trump administration prepares to ease export rules for U.S. guns
    Wed, 20 Sep 2017 06:17:28 -0400

    WASHINGTON (Reuters) - The Trump administration is preparing to make it easier for American gun makers to sell small arms, including assault rifles and ammunition, to foreign buyers, according to senior U.S. officials.

  • China offers support for strife-torn Venezuela at United Nations
    Wed, 20 Sep 2017 01:00:44 -0400

    BEIJING (Reuters) - China believes that the Venezuelan government and people can resolve their problems within a legal framework and maintain national stability, Chinese Foreign Minister Wang Yi told his Venezuelan counterpart at the United Nations.

  • Trump's U.N. speech shows nationalist instincts firmly intact
    Wed, 20 Sep 2017 06:32:07 -0400

    Among the many signals that Donald Trump sent in his speech to the United Nations on Tuesday, one was especially clear: former chief strategist Steve Bannon's White House departure has not muted the president's "America First" foreign policy instincts.

  • Myanmar's Suu Kyi denies going 'soft' on military
    Wed, 20 Sep 2017 04:23:30 -0400

    YANGON (Reuters) - Myanmar leader Aung San Suu Kyi has rejected a suggestion she is soft on the military, which the United Nations has accused of ethnic cleansing, saying her relationship with the generals was normal and her objective was national reconciliation.