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Reuters Business
Sep 18, 2019

Airbnb says second-quarter revenue topped $1 billion
Airbnb Inc took in more than $1 billion in revenue for the second quarter of 2019, the second time it exceeded that level in its decade-plus history, the home rentals company said in a statement on Wednesday.

Reuters Business
Sep 18, 2019

Fed makes small changes to control policy rate, hints at more to come
The Federal Reserve on Wednesday made only minor changes to help it better manage its benchmark interest rate after the U.S. central bank briefly lost control of it earlier in the week.

Reuters Business
Sep 18, 2019

Purdue Pharma seeks to halt opioid suits against company, Sacklers
OxyContin maker Purdue Pharma LP on Wednesday asked a U.S. bankruptcy judge to halt for roughly nine months more than 2,600 lawsuits alleging the company and its controlling Sackler family helped fuel the U.S. opioid crisis, according to court documents.

Reuters Business
Sep 18, 2019

Trump says the Fed should have acted faster but today's action is fine
President Donald Trump said the Federal Reserve's decision on Wednesday to lower interest rates was "fine" but the central bank should have acted sooner.

Reuters Business
Sep 18, 2019

AT&T, Dish not in talks over DirecTV deal: source
AT&T Inc and Dish Network Corp are not in discussions over a deal due to regulatory issues, a source familiar with the matter said on Wednesday, after the Wall Street Journal reported https://on.wsj.com/2kS2Hbs the wireless carrier was considering parting ways with its satellite TV division DirecTV.

Reuters Business
Sep 18, 2019

Fed cuts interest rates, signals holding pattern for now
The U.S. Federal Reserve cut interest rates again on Wednesday to help sustain a record-long economic expansion but signaled a higher bar to further reductions in borrowing costs, eliciting a fast and sharp rebuke from President Donald Trump.

Reuters Business
Sep 18, 2019

Huawei promises smartest 5G phone, but who will be brave enough to buy?
Huawei [HWT.UL] launches what could be the world's most powerful and feature-packed 5G smartphone on Thursday, but the fate of the device in Europe will hang on whether it can overcome a U.S. ban to give customers the Google software they expect.

Reuters Business
Sep 18, 2019

U.S. bankers seize on repo-market stress to push for softer liquidity rules
Big U.S. banks are using the recent chaos in short-term funding markets as an opportunity to pressure the Federal Reserve to ease liquidity requirements they have long despised.

Reuters Business
Sep 18, 2019

AT&T explores parting ways with DirecTV unit: Wall Street Journal
AT&T is exploring parting from its DirecTV unit, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

Reuters Business
Sep 18, 2019

Parts shortage leads GM to lay off 1,200 temporarily in Canada
The strike against General Motors Co's U.S. operations has led to a parts shortage, the automaker said on Wednesday, and as a result it announced the temporary lay-offs of 1,200 workers at its Oshawa assembly plant in Canada.

Reuters Business
Sep 18, 2019

Powell to Trump: Now it's your turn
Tucked into Fed Chair Jerome Powell's news conference on Wednesday was a not-so-subtle message for President Donald Trump: the economy is holding up because the U.S. central bank has acted to support it through a volatile patch, and whether that continues is now in the president's lap.

Reuters Business
Sep 18, 2019

'Alexa, send $20 to my favorite presidential candidate'
Amazon said on Wednesday it will make donating to a U.S. presidential candidate as easy as turning on the lights or replenishing a household's toilet-paper stocks, via its Alexa digital assistant.

Reuters Business
Sep 18, 2019

S&P 500 ends slightly higher after Fed gives mixed signals
The S&P 500 ended marginally higher on Wednesday after Federal Reserve policymakers cut interest rates by a quarter of a percentage point, as expected, but gave mixed signals about their next move.

Reuters Business
Sep 18, 2019

Stocks reverse losses, Treasury yields dip following remarks by Fed's Powell
The S&P 500 and the Dow reversed losses to close higher on Wednesday and U.S. Treasury yields slipped after remarks by Federal Reserve Chair Jerome Powell tempered the market's initial reaction to the U.S. central bank's policy statement.

Reuters Business
Sep 18, 2019

Microsoft approves $40 billion share repurchase program
Microsoft Corp said on Wednesday its board had approved a new share repurchase program of up to $40 billion and raised its quarterly dividend.

Reuters Business
Sep 18, 2019

Fed cuts rates again, gives mixed signals for next move
The U.S. Federal Reserve cut interest rates by a quarter of a percentage point for the second time this year on Wednesday in a widely expected move meant to sustain a decade-long economic expansion, but gave mixed signals about what may happen next.

Reuters Business
Sep 18, 2019

S&P 500 ends near flat after Fed's mixed signals on future policy
The benchmark S&P 500 index ended almost flat on Wednesday as Federal Reserve policymakers gave mixed signals about their next move after cutting interest rates by a quarter of a percentage point in a widely expected move.

Reuters Business
Sep 18, 2019

Comcast gives away Xfinity Flex TV device, pounding shares of Roku
Comcast Corp said on Wednesday it will offer internet customers a free streaming media set top box that works with other services, stepping up competition with Roku Inc in the market for a device that organizes multiple subscriptions.

Reuters Business
Sep 18, 2019

Tesla takes on Porsche with battle on Germany's toughest circuit
Tesla wants to steal Porsche's bragging rights by testing its Model S on the northern loop of Germany's Nuerburgring circuit, using a marketing tool that German carmakers have long used to tout the superiority of their products.

Reuters Business
Sep 18, 2019

Stocks fall, Treasury yield curve flattens after Fed cuts rates but sends mixed signals
U.S. stocks extended their losses and the U.S. Treasury yield curve flattened on Wednesday, after the U.S. Federal Reserve cut interest rates, as expected, but gave mixed signals regarding future rate moves.

Reuters Business
Sep 18, 2019

Trump on Fed: 'No "guts," no sense, no vision!'
President Donald Trump blasted the Federal Reserve for delivering only a quarter-percentage point interest rate cut on Wednesday, saying the U.S. central bank and its chair, Jerome Powell, had "No 'guts,' no sense, no vision!"

Reuters Business
Sep 18, 2019

Instant view: Fed cuts rates again, gives mixed signals for next move
The U.S. Federal Reserve cut interest rates by a quarter of a percentage point for the second time this year on Wednesday in a widely expected move meant to sustain a decade-long economic expansion, but gave mixed signals about what may happen next.

Reuters Business
Sep 18, 2019

Stocks fall after Fed cuts rates but gives mixed signals; dollar up
Wall Street stocks slipped on Wednesday after the U.S. Federal Reserve gave mixed signals about what may happen next after it cut interest rates by a quarter of a percentage point for the second time this year in a widely expected move.

Reuters Business
Sep 18, 2019

Pennsylvania joins states opposed to merger of T-Mobile, Sprint
Pennsylvania is joining more than a dozen states that have filed a lawsuit aimed at stopping T-Mobile US's $26 billion purchase of Sprint , New York Attorney General Letitia James said in a statement on Wednesday.

Reuters Business
Sep 18, 2019

Trump on Fed: 'No 'guts,' no sense, no vision!'
President Donald Trump blasted the Federal Reserve for delivering only a quarter-percentage point interest rate cut on Wednesday, saying the central bank and its leader, Jerome Powell, had "No 'guts,' no sense, no vision!"

Reuters Business
Sep 18, 2019

U.S. housing starts, building permits scale 12-year high
U.S. homebuilding surged to more than a 12-year high in August as both single- and multi-family housing construction accelerated, suggesting that lower mortgage rates were finally providing a boost to the struggling housing market.

Reuters Business
Sep 18, 2019

Wall Street sinks after Fed gives mixed signals on next move
Wall Street sank on Wednesday when Federal Reserve policy makers gave mixed signals about their next move after cutting interest rates by a quarter of a percentage point in a widely expected move.

Reuters Business
Sep 18, 2019

GM to temporarily lay off 1,200 workers in Canada
General Motors Co said on Wednesday it plans to temporarily lay off about 1,200 workers at its Oshawa assembly plant in Canada, which makes the Chevy Silverado and GMC Sierra pickup trucks.

Reuters Business
Sep 18, 2019

Fed makes small changes in bid to better control policy rate
The Federal Reserve on Wednesday tweaked two key rates used to manage its main policy lever after turmoil this week in funding markets briefly pushed the overnight bank-to-bank lending rates above the U.S. central bank's target range.

Reuters Business
Sep 18, 2019

FOMC statement from Sept 17-18 meeting
Following is the full text of the statement released by the Federal Reserve's Federal Open Market Committee on Wednesday following a two-day meeting:

Reuters Business
Sep 18, 2019

Five ways the Fed's rate cut could affect consumers
The Federal Reserve's decision to cut interest rates on Wednesday for the second time this year could have wide-ranging implications for consumers' wallets.

Reuters Business
Sep 18, 2019

Fed cuts rates on 7-3 vote, gives mixed signals on next move
The U.S. Federal Reserve cut interest rates by a quarter of a percentage point for the second time this year on Wednesday in a widely expected move meant to sustain a decade-long economic expansion, but gave mixed signals about what may happen next.

Reuters Business
Sep 18, 2019

UTC technology chief Paul Eremenko steps down
The chief technology officer of United Technologies Corp , Paul Eremenko, has stepped down, just under two years after moving to the U.S. conglomerate from Europe's Airbus .

Reuters Business
Sep 18, 2019

GM to temporarily lay off 1,300 workers in Canada: CNBC
General Motors Co plans to temporarily lay off 1,300 workers at its final assembly plant in Oshawa, Canada due to a slowdown at United States plants during the United Auto Workers strike, CNBC reported on Wednesday.

Reuters Business
Sep 18, 2019

U.S. trade groups urge Congress to rein in 'Tariff Man' Trump
Nearly two dozen U.S. lobbying groups have joined forces to try to rein in U.S. President Donald Trump's power to unilaterally impose tariffs amid growing concern about the negative economic impact of his trade policies.

Reuters Business
Sep 18, 2019

Fed pumps more cash as key rate breaks above target
The Federal Reserve injected another $75 billion into a U.S. banking system on Wednesday, restoring a measure of order after a bout of extreme volatility inside the bank funding market drove the central bank's benchmark interest rate above its targeted range for the first time since the financial crisis.

Reuters Business
Sep 18, 2019

Banker tells German court of 'vast network' at center of fraud trial
A banker at the center of a trading scheme German prosecutors say resulted in hundreds of millions of euros of illegitimate tax rebates told a court the scheme had taken on an "industrial scale" involving a network of banks and other institutions.

Reuters Business
Sep 18, 2019

German prosecutors probe Airbus for potential misuse of client documents
Munich prosecutors said on Wednesday they had launched a probe against Airbus after the company notified the authorities about potential irregularities involving customer documents.

Reuters Business
Sep 18, 2019

Wall Street retreats ahead of Fed decision as FedEx weighs
U.S. stocks came under pressure on Wednesday as investors waited for the Federal Reserve's decision on interest rates and clues about its future monetary policy, while a profit warning by FedEx weighed on sentiment.

Reuters Business
Sep 18, 2019

Fed does the 'right thing' in supporting repo market: JPMorgan's Dimon
JPMorgan Chase & Co Chief Executive Jamie Dimon credited the U.S. Federal Reserve on Wednesday with doing the "right thing" in supporting the overnight funding needs of banks after borrowing costs suddenly spiked on Monday.

Reuters Business
Sep 18, 2019

Fed keeps cash spigot open as key rate punches above its target
The Federal Reserve injected more cash into the U.S. banking system on Wednesday as the key interest rate pierced above the central bank's targeted range for the first time since the height of the global financial crisis over a decade ago.

Reuters Business
Sep 18, 2019

German carbon pricing plan may cost DAX companies billions: report
Germany's blue-chip companies could face billions of euros in costs to cut carbon emissions under a climate protection plan due to be unveiled by the government on Friday, according to a study by asset manager Union Investment.

Reuters Business
Sep 18, 2019

Exclusive: London Metal Exchange to delay ban on tainted metal until 2025 - sources
The London Metal Exchange (LME) will postpone plans to ban metal tainted by human rights abuses until 2025, giving producers three more years to comply with guidelines and the exchange time to rethink its approach, industry sources said.

Reuters Business
Sep 18, 2019

Exclusive: Italy cuts 2019, 2020 GDP growth forecasts - sources
Italy's new government expects the economy to expand by only about 0.4% next year after eking out 0.1% growth this year, three sources close to the matter told Reuters, underscoring the need for an expansionary 2020 budget.

Reuters Business
Sep 18, 2019

Southwest passengers get no damages for flights canceled by de-icer shortage: U.S. judge
Southwest Airlines Co won the dismissal of a proposed class-action lawsuit seeking damages for stranded passengers on hundreds of winter flights it was forced to cancel because it ran out of de-icer fluid.

Reuters Business
Sep 18, 2019

Novartis halts distribution of its Zantac versions amid probe into impurities
Novartis AG's Sandoz unit said on Wednesday it was halting distribution of its versions of the drug commonly known as Zantac in all its markets, including the United States and Canada, after contaminants were found in the heartburn drug.

Reuters Business
Sep 18, 2019

Wall Street dips as FedEx issues profit warning; all eyes on Fed
U.S. stocks came under pressure on Wednesday after a profit warning by FedEx, while investors waited for a decision on interest rates and clues on the future of U.S. monetary policy from the Federal Reserve.

Reuters Business
Sep 18, 2019

U.S. housing starts, building permits race to 12-year high
U.S. homebuilding surged to more than a 12-year high in August as both single- and multi-family housing construction accelerated, suggesting that lower mortgage rates were finally providing a boost to the struggling housing market.

Reuters Business
Sep 18, 2019

Stocks edge lower with Fed decision on tap; oil slips
Stocks around the world edged lower on Wednesday and the U.S. dollar crept up as investors waited for the U.S. Federal Reserve's decision on interest rates later in the day.

Reuters Business
Sep 18, 2019

Atlanta Fed model estimate for U.S. third-quarter GDP edges up to 1.9%
The U.S. economy is likely growing at a 1.9% annualized rate in the third quarter, based on the latest data on industrial output and housing starts, the Atlanta Federal Reserve's GDPNow forecast model showed on Wednesday.

Reuters Business
Sep 18, 2019

Size matters. Big U.S. farms get even bigger amid China trade war
(This September 17 story corrects to "441 acres" (not "441 million") in paragraph 10)

Reuters Business
Sep 18, 2019

Fed's job gets more complex as fed funds rate moves out of bounds
Stress in U.S. money markets loomed over a Federal Reserve policy meeting on Wednesday with new data showing that the central bank's target interest rate had drifted outside the level set by the central bank for the first time since the 2007-2009 financial crisis.

Reuters Business
Sep 18, 2019

Wall Street edges lower as FedEx profit warning drags; Fed in focus
U.S. stocks came under pressure on Wednesday after FedEx issued a profit warning, while investors waited for the Federal Reserve's decision on interest rates in what has been a rocky week for global markets.

Reuters Business
Sep 18, 2019

FedEx tumbles 13% on weak 2020 outlook, brokers cut price targets
Shares of FedEx Corp fell about 13% on Wednesday after the package delivery company slashed its 2020 profit outlook, blaming trade tensions and its split with client-turned-competitor Amazon.com .

Reuters Business
Sep 18, 2019

Analyst view: Fed's day two of cash injection into U.S. banking system
As if the U.S. Federal Reserve didn't already have enough on its plate heading into its meeting on interest rates this week, chaos deep inside the plumbing of the U.S. financial system has thrown policymakers an unexpected curve ball.

Reuters Business
Sep 18, 2019

Instant view: U.S. fed funds rate breaks above Fed's target range
A key interest rates the Federal Reserve aims to influence to control monetary policy broke above the top-end of the central bank's target range for the first time since the global credit crisis more than a decade ago.

Reuters Business
Sep 18, 2019

Wall Street ticks lower as FedEx warns on profit; Fed on tap
U.S. stocks edged lower at open on Wednesday, pressured by FedEx's warning on full-year profit, while investors waited for the Federal Reserve's decision on interest rates.

Reuters Business
Sep 18, 2019

U.S. housing starts, building permits hit 12-year high
U.S. homebuilding surged to more than a 12-year high in August as both single- and multi-family housing construction increased, suggesting that lower mortgage rates were finally providing a boost to the struggling housing market.

Reuters Business
Sep 18, 2019

U.S. fed funds rate breaks above Fed's target range
A key interest rates the Federal Reserve aims to influence to control monetary policy broke above the top-end of the central bank's target range for the first time since the global credit crisis more than a decade ago.

Reuters Business
Sep 18, 2019

Airbus revises up jet demand, warns of 'lose-lose' tariff war
Airbus raised its 20-year forecast for jetliner demand on Wednesday despite expected slower growth in traffic, as it predicts airlines will replace aging fleets with smaller, more fuel-efficient new planes.

Reuters Business
Sep 18, 2019

Facebook unveils new Portal video chat, TV streaming devices
Facebook Inc unveiled new models of its Portal video chatting devices on Wednesday, making the company's first foray into TV streaming hardware but offering a limited selection of subscription services.

Reuters Business
Sep 18, 2019

Oil prices slip on Saudi pledge, financial markets look to Fed
Oil prices cooled on Wednesday as Saudi Arabia's pledge to quickly restore production eased supply worries, while caution ahead of an expected U.S. interest rate cut kept wider financial markets in tight ranges.

Reuters Business
Sep 18, 2019

ECB weighs investigating Deutsche Bank over alleged unauthorized bond purchases: sources
The European Central Bank is examining whether to open a formal investigation into Deutsche Bank for allegedly buying some of its own securities without authorization, two people familiar with the matter said on Wednesday.

Reuters Business
Sep 18, 2019

Apple spars with EU as $14 billion Irish tax dispute drags on
Apple accused the European Commission of misunderstanding its business on day two of the iPhone maker's appeal against a $14 billion tax order, in a dispute that is key to the EU's drive to collect more taxes but which could also run for years.

Reuters Business
Sep 18, 2019

Futures on back foot before Fed policy decision
U.S. stock index futures dipped on Wednesday as investors waited for the Federal Reserve's decision on interest rates in what has been a rocky week for global markets.

Reuters Business
Sep 18, 2019

Garments for lease: 'rental' apparel brings new wrinkles for retail stores
Lisa Batitto, 54, says she has virtually stopped buying clothes ever since she started renting them.

Reuters Business
Sep 18, 2019

Lone 737 MAX criss-crossed Canada for pilot checks during grounding
While the world's Boeing 737 MAX fleet remains grounded after two fatal crashes, a solitary Air Canada plane has been spotted in the skies, shuttling between Quebec and Ontario.

Reuters Business
Sep 18, 2019

Airbus revises up jet demand, trims traffic growth
Airbus on Wednesday revised up forecasts for jetliner demand in the next 20 years led by growth in the new industrial hubs of Asia, while voicing alarm over rising protectionism.

Reuters Business
Sep 18, 2019

Britain to investigate $5 billion U.S. takeover of defense firm Cobham
Britain will investigate the national security impact of the purchase of defense company Cobham by U.S. private equity firm Advent International, potentially delaying or even blocking the $5 billion deal.

Reuters Business
Sep 18, 2019

Nissan plans sale of Trading unit in $1 billion deal: Bloomberg
Nissan Motor Co Ltd is looking to sell its vehicle parts and materials distribution business in a deal that may be valued at about $1 billion, Bloomberg reported on Wednesday, as the struggling Japanese automaker seeks to slim down.

Reuters Business
Sep 18, 2019

Saudi envoy says Iran was behind attacks on oil facilities
Saudi Arabia's ambassador to London said on Wednesday that Iran was almost certainly behind attacks on Saudi oil facilities.

Reuters Business
Sep 18, 2019

U.S. lawmakers urge Trump administration to restore India's trade privileges
Forty-four members of the U.S. Congress have urged President Donald Trump's trade representative to restore trade concessions to India, saying the withdrawal of the privilege had led to retaliatory tariffs from New Delhi which were hurting U.S. industry.

Reuters Business
Sep 18, 2019

Airbus revises up jet demand forecast, shaves traffic growth
Airbus on Wednesday revised up forecasts for jetliner demand over the next 20 years led by growth in Asia, despite the industry's short-term concerns over global trade tensions.

Reuters Business
Sep 18, 2019

Window closing fast for WeWork parent to launch IPO this year
WeWork owner The We Company faces strong headwinds in achieving its goal of launching an initial public offering (IPO) by the end of the year after postponing it this month, fund managers and capital markets professionals said.

Reuters Business
Sep 18, 2019

Japan defense minister: Not aware of any Iran involvement in Saudi attacks
Japan has not seen any intelligence that shows Iran was involved in the recent attacks on Saudi Arabian oil facilities, Japan's new defense chief said on Wednesday.

Reuters Business
Sep 18, 2019

Britain orders security investigation into Cobham-Advent deal
The $5 billion acquisition of British defence company Cobham by U.S. private equity firm Advent International could be blocked on national security grounds after the government ordered an investigation into the agreed deal.

Reuters Business
Sep 18, 2019

Oil retreats on Saudi supply reassurance, Fed in limelight
Oil prices cooled on Wednesday as Saudi Arabia said full oil production would be restored by month's end while caution ahead of an expected U.S. interest rate cut kept wider financial markets in tight ranges.

Reuters Business
Sep 18, 2019

France sending experts to investigate Saudi oil attack: Elysee
France will send experts to Saudi Arabia to help with investigations into an attack on Saudi oil installations, President Emmanuel Macron's office said on Wednesday.

Reuters Business
Sep 18, 2019

From oil shocks to funding strains, Fed confronts new complexities
The Federal Reserve will conclude its latest policy meeting on Wednesday buffeted by conflicting economic data, under steady pressure from the White House for steep interest rate cuts, and confronted as well with an unexpected jump in overnight borrowing costs that may require action on its own.

Reuters Business
Sep 18, 2019

Explainer: The Fed has a repo problem. What's that?
As if the U.S. Federal Reserve didn't already have enough on its plate heading into its meeting on interest rates this week, chaos deep inside the plumbing of the U.S. financial system has thrown policymakers an unexpected curveball.

Reuters Business
Sep 18, 2019

Exclusive: Where's the beef? Argentine ranchers hope more is headed for China
Cattle ranchers in Argentina, which recently edged out neighbor Brazil as the top exporter of beef to China, are hoping to build on that status by getting more local meatpacking plants approved by Beijing, industry officials and other sources told Reuters.

Reuters Business
Sep 17, 2019

Oil steps back on Saudi supply reassurance, focus shifts to Fed
Oil prices cooled on Wednesday as Saudi Arabia said full oil production would be restored by month's end while caution ahead of an expected U.S. interest rate cut kept wider financial markets in tight ranges.

Reuters Business
Sep 17, 2019

Guggenheim's Minerd says aggressive Fed moves can delay recession, but not avoid it
Guggenheim Partners global chief investment officer Scott Minerd warned on Tuesday the firm's recession forecast model showed a 58% chance of the economy being in a recession by mid-2020, and a 77% chance of one beginning in the next 24 months.

Reuters Business
Sep 17, 2019

French President Macron calls Saudi crown prince on Aramco attacks: press
The Saudi Arabian Crown Prince Mohammed bin Salman received a phone call from the French President Emmanuel Macron on Tuesday to discuss the attack on oil facilities owned by Saudi Aramco, according to the state news agency SPA.

Reuters Business
Sep 17, 2019

Apple says $14 billion EU tax order 'defies reality and common sense'
The European Union's order to Apple to pay 13 billion euros ($14 billion) in back taxes "defies reality and common sense", the U.S. firm said as the two sides sparred in a case key to the EU's crackdown on sweetheart deals to multinationals.

Reuters Business
Sep 17, 2019

Oil recedes on Saudi supply reassurance, investor focus shifts to Fed
Oil prices cooled on Wednesday as Saudi Arabia said the kingdom had fully restored its oil supply following attacks on its crude facilities although caution ahead of an expected U.S. interest rate cut kept wider financial markets in tight ranges.

Reuters Business
Sep 17, 2019

U.S. seeks U.N. action on Saudi attacks despite likely Russian opposition
A senior U.S. official on Tuesday called for a U.N. Security Council response to the attacks on Saudi oil facilities that the United States blames on Iran, but it was unclear what action he sought or whether Washington might secure Russian cooperation.

Reuters Business
Sep 17, 2019

Explainer: Why Asia's biggest economies are backing hydrogen fuel cell cars
China, Japan and South Korea have set ambitious targets to put millions of hydrogen-powered vehicles on their roads by the end of the next decade at a cost of billions of dollars.

Reuters Business
Sep 17, 2019

Toyota banks on Olympic halo for the humble bus to keep hydrogen dream alive
Buses may not be the most glamorous mode of transport but at the 2020 Tokyo Olympic games, they will represent Toyota Motor Corp's best bet for wider acceptance of hydrogen power - technology so far eclipsed by electric vehicles.

Reuters Business
Sep 17, 2019

Adobe's fourth-quarter forecast, marketing software unit disappoint
Adobe Inc on Tuesday gave a tepid current-quarter revenue forecast and said that bookings in its newly acquired marketing software unit were growing slower than expected, sending shares nearly 3% in after-market trading.

Reuters Business
Sep 17, 2019

Saudi Defense Ministry press conference to show Iranian involvement in Aramco attacks: state TV
A Saudi Defense Ministry spokesman will hold a press conference on Wednesday to provide information about last week's attack on Aramco, state TV said early on Wednesday.

Reuters Business
Sep 17, 2019

House panel asks Boeing CEO to testify October 30 on 737 MAX
The U.S. House Transportation and Infrastructure Committee on Tuesday formally asked Boeing chief executive Dennis Muilenburg to testify on the now grounded 737 MAX that has been involved in two deadly crashes since October 2018 that killed 346 people.

Reuters Business
Sep 17, 2019

GM stops paying for health insurance for striking union workers; talks continue
General Motors Co shifted health insurance costs for its striking workers to the United Auto Workers union as its members walked the picket line for the second day on Tuesday.

Reuters Business
Sep 17, 2019

Saudi Arabia to invite U.N. experts to investigate oil attack: statement
Saudi Arabia will invite international experts including from the United Nations to participate in investigating an attack on its oil facilities and called on the world to condemn those behind it, its foreign ministry said on Monday.

Reuters Business
Sep 17, 2019

Trump says he does not want war after attack on Saudi oil facilities
U.S. President Donald Trump said on Monday it looked like Iran was behind attacks on oil plants in Saudi Arabia but stressed he did not want to go to war, as the attacks sent oil prices soaring and raised fears of a new Middle East conflict.

Reuters Business
Sep 17, 2019

Toyota invests $391 million in its Texas truck assembly plant
Toyota Motor Corp said on Tuesday it was investing $391 million in its pickup truck assembly plant in San Antonio, Texas, as part of the Japanese automaker's plan to invest $13 billion in its U.S. operations over five years through 2021.

Reuters Business
Sep 17, 2019

Trump says U.S. does not need Middle East oil, but cargoes keep coming
Amid a flurry of Twitter posts on Monday morning, U.S. President Donald Trump turned to the weekend attack on Saudi Arabia's oil facilities and assured his audience the United States had become such a big producer it no longer needed oil from the Middle East. (See tweet https://twitter.com/realDonaldTrump/status/1173560246863876096)

Reuters Business
Sep 17, 2019

Saudi-style drone attacks not seen as major U.S. risk, experts say
The style of attack used against oil plants in Saudi Arabia that knocked out half of the country's production on Saturday is unlikely to be a risk in the United States, energy and security experts say.

Reuters Business
Sep 17, 2019

Atlantia CEO resigns in Benetton-led shake up
The Benettons ushered in a change of guard at Italian infrastructure group Atlantia , replacing its powerful CEO with a management committee, as they move to deal with fallout from a deadly bridge collapse.

Reuters Business
Sep 17, 2019

Oil plummets 6% as Saudi minister says supplies fully restored
Oil prices tumbled about 6% on Tuesday after Saudi Arabia's energy minister said the country has managed to restore oil supplies to where they stood before weekend attacks on its facilities shut 5% of global oil output.

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