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Reuters Business
Sep 15, 2019

Saudi oil exports to run as normal from stocks this week: source
Saudi Arabia's oil exports will continue as normal this week as the kingdom taps into stocks from its large storage facilities, an industry source briefed on the developments told Reuters on Sunday.

Reuters Business
Sep 15, 2019

Axel Springer plans layoffs after KKR becomes biggest shareholder: report
Axel Springer is planning layoffs as part of a cost-cutting program that would mainly affect its newspapers, the German media group's chief executive told the Sueddeutsche Zeitung in an interview released on Sunday.

Reuters Business
Sep 15, 2019

As talks falter, UAW calls first national strike against GM since 2007
The United Auto Workers (UAW) said on Sunday that its roughly 48,000 hourly workers at General Motors Co facilities would go on strike as of midnight Sunday after U.S. labor contract talks reached an impasse, the first nationwide strike at GM in 12 years.

Reuters Business
Sep 15, 2019

Germany's car watchdog sets Audi ultimatum to remove illegal diesel software: report
Germany's motor vehicle authority (KBA) has told Volkswagen's premium brand Audi that it faces penalties for its failure to remove illegal software from diesel cars that can manipulate emissions levels, the Bild am Sonntag (BamS) newspaper reported.

Reuters Business
Sep 15, 2019

Benetton holding says dismayed by road probe, hints at action
Edizione, the Benetton family holding company which has a controlling stake in Italian infrastructure group Atlantia , said at the weekend it was dismayed by revelations of alleged safety violations in its road operations.

Reuters Business
Sep 15, 2019

GM's UAW workers to go on nationwide strike for first time in 12 years
The United Auto Workers (UAW) said on Sunday that its roughly 48,000 hourly workers at General Motors Co facilities would go on strike as of midnight Sunday after U.S. labor contract talks reached an impasse, the first nationwide strike at GM in 12 years.

Reuters Business
Sep 15, 2019

UAW to strike against GM starting Sunday evening
The United Auto Workers (UAW) said that its members will go on strike against General Motors Co as of Sunday evening, after a lack of progress in contract talks on key issues from wages to health care benefits, temporary employees, job security and profit sharing.

Reuters Business
Sep 15, 2019

After LSE's sharp rebuff, HKEX begins investor charm offensive
Hong Kong Exchanges and Clearing is embarking on a three-week charm offensive with London Stock Exchange investors as the Asian trading house tries to salvage its proposed $39 billion takeover offer.

Reuters Business
Sep 15, 2019

UAW threatens a walkout at GM after contract expires
The United Auto Workers (UAW) turned up the pressure on General Motors Co, threatening a strike by Sunday night if the company does not agree to its terms and ordering 850 maintenance workers at five GM facilities to walk off the job.

Reuters Business
Sep 15, 2019

Fed trades 'remarkably positive' for 'no precedents' after volatile year
A year ago, U.S. Federal Reserve Chair Jerome Powell held a "remarkably positive outlook" for an economy enjoying a "historically rare" combination of good news including low unemployment, steady inflation and strong growth that were all expected to continue.

Reuters Business
Sep 15, 2019

UAW walkout turns up heat on GM as contract expires
Leaders of the United Auto Workers (UAW) turned up the pressure on General Motors Co on Sunday, ordering 850 maintenance workers at five GM facilities to walk off the job ahead of a meeting in Detroit on whether to call a wider strike.

Reuters Business
Sep 15, 2019

Analyst View: Saudi attacks raise specter of oil at $100/barrel
The oil market will rally by $5-10 per barrel when it opens on Monday and may spike to as high as $100 per barrel if Saudi Arabia fails to quickly resume oil supply lost after attacks over the weekend, traders and analysts said.

Reuters Business
Sep 15, 2019

WeWork IPO spells rough landing for CEO Neumann
Adam Neumann showed he can capitalize on troubled times a decade ago, tapping into demand for workspace by those forced out of jobs in the aftermath of the financial crisis to grow WeWork into a global brand commanding a $47 billion valuation.

Reuters Business
Sep 15, 2019

Saudi, Gulf stocks fall after attacks on Aramco oil plants
Saudi stocks fell sharply on Sunday, after attacks on two plants at the heart of the kingdom's oil industry a day earlier knocked out more than half of Saudi crude output.

Reuters Business
Sep 15, 2019

UAE regulator not optimistic on Boeing 737 MAX return this year
The head of the United Arab Emirates' General Civil Aviation Authority said on Sunday he was not optimistic that the Boeing 737 MAX would return to operations this year and that the first quarter of 2020 was more likely.

Reuters Business
Sep 15, 2019

Saudi, Gulf stocks fall after attack on Aramco oil plants
Saudi stocks plunged 2.3% as the market opened on Sunday, after attacks on two plants at the heart of the kingdom's oil industry a day earlier knocked out more than half of Saudi crude output.

Reuters Business
Sep 15, 2019

UAE aviation authority not optimistic Boeing 737 MAX will return this year
The head of the United Arab Emirates' General Civil Aviation Authority said on Sunday he was not optimistic the Boeing 737 MAX would return to operations in the fourth quarter of this year and it was more likely to be in the first quarter of 2020.

Reuters Business
Sep 14, 2019

Factbox: U.S. readies emergency oil reserves in wake of Saudi attacks
The Trump administration said on Saturday it stood ready to tap U.S. emergency oil reserves if needed after attacks in Saudi Arabia shut more than half the crude output in the world's largest oil exporter.

Reuters Business
Sep 14, 2019

UAW says no GM contract extension, union leaders to meet Sunday
The United Auto Workers (UAW) said late on Saturday it would not extend its contract with General Motors Co and would decide on a course of action at a meeting of union leaders in Detroit Sunday morning that could result in talks resuming or possibly workers going out on strike.

Reuters Business
Sep 14, 2019

UAW will not extend GM contract, but no decision on strike
The United Auto Workers said late on Saturday that it will not extend its contract with General Motors Co that was set to expire in hours, but would continue to work pending a meeting of senior union officials.

Reuters Business
Sep 14, 2019

Attacks on Saudi facilities threaten spare oil capacity, price hikes
Saturday's attacks on key Saudi Arabia processing plants will test the world's ability to handle a supply crisis as it faces the temporary loss of more than 5% of global supply from the world's biggest crude exporter.

Reuters Business
Sep 14, 2019

Global spare oil capacity in U.S. hands after Saudi outage
An attack on Saudi oil facilities on Saturday is believed to have disrupted half the country's production capacity, making the United States the only real holder of the global supply cushion via its ability to raise own output or to soften sanctions against other major oil producers.

Reuters Business
Sep 14, 2019

Companies ask judge in U.S. opioid trial to recuse himself
Major drug wholesalers and retailers facing a massive lawsuit for allegedly fostering the nation's opioid crisis asked the judge hearing the case to recuse himself on Saturday.

Reuters Business
Sep 14, 2019

BMW engine development expert Duesmann set to become Audi chief in April: report
BMW's engine development and purchasing expert, Markus Duesmann, is set to become the CEO of Volkswagen's Audi premium brand, after BMW dropped its opposition to his early departure, a German newspaper reported on Saturday.

Reuters Business
Sep 14, 2019

House panel wants Boeing CEO to allow employee interviews on 737 MAX crashes
(In September 12 story, corrects name of European Union Aviation Safety Agency from European Aviation and Space Agency in paragraph 10)

Reuters Business
Sep 14, 2019

Overshadowed by U.S. corruption probe, UAW, GM near contract deadline
Overshadowed by a mushrooming U.S. federal corruption probe into top union officials that has created uncertainty for collective bargaining talks, the contract between the United Auto Workers (UAW) and General Motors Co will expire at midnight on Saturday.

Reuters Business
Sep 13, 2019

Apple has sour reaction to Goldman Sachs' analyst note
Apple Inc struck out at a Goldman Sachs Group Inc analyst on Friday in a relatively rare public dust-up between a blue chip Wall Street firm and its client.

Reuters Business
Sep 13, 2019

Disney CEO Bob Iger resigns from Apple board as TV battle looms
Apple Inc said on Friday Walt Disney Co Chief Executive Officer Bob Iger had resigned from the company's board of directors on Sept. 10 as the two companies prepare to take each other on head-to-head in the streaming television business.

Reuters Business
Sep 13, 2019

Disney CEO Bob Iger resigns from Apple board
Apple Inc said on Friday Walt Disney Co Chief Executive Officer Bob Iger had resigned from the company's board of directors on Sept. 10.

Reuters Business
Sep 13, 2019

Citigroup stands by card strategy despite economic clouds
Some Wall Street analysts have begun to question whether Citigroup Inc's big bet on credit cards will backfire if the U.S. economy enters a recession, despite the bank saying it is underwriting responsibly.

Reuters Business
Sep 13, 2019

S&P edges lower as Apple weighs, trade tensions ease
The S&P 500 ended the day down slightly on Friday but less than 1% below its all-time high as a drop in Apple stock countered cooling U.S.-China trade tensions.

Reuters Business
Sep 13, 2019

Global stocks, bond yields lifted by U.S.-China trade hopes
A gauge of global stocks rose for an eighth straight day and benchmark government bond yields climbed on Friday after signs of progress in U.S.-China trade talks, as well as a solid U.S. retail sales report, allayed recession worries.

Reuters Business
Sep 13, 2019

Apple counters Goldman call on 'negative impact' of Apple TV trial
Apple Inc on Friday disputed a Goldman Sachs research note which stated that the company's plans to account for the trial of its new streaming service Apple TV will have a "material negative impact" on its results.

Reuters Business
Sep 13, 2019

U.S.-China trade optimism boosts stocks, bond yields
A gauge of global stocks was on track for an eighth straight day of gains and benchmark government bond yields advanced on Friday after signs of progress in U.S.-China trade talks, as well as a solid U.S. retail sales report, allayed recession worries.

Reuters Business
Sep 13, 2019

Wall Street mixed as trade hopes capped by Apple drop
Wall Street was mixed on Friday, with the S&P 500 and the Dow hovering just below all-time highs as cautious optimism regarding easing U.S.-China trade tensions was held in check by a drop in Apple stock.

Reuters Business
Sep 13, 2019

PG&E settles wildfire claims with insurers for $11 billion
PG&E Corp said on Friday it has reached an $11 billion settlement to resolve most claims by insurance carriers related to 2017 and 2018 wildfires in California.

Reuters Business
Sep 13, 2019

Apple, Broadcom keep Wall Street gains in check
Losses in shares of U.S. technology majors Apple and Broadcom held the S&P 500 just under record levels on Friday, as traders balanced the latest indicators of an uncertain global growth outlook with perceived progress in Sino-U.S. trade relations.

Reuters Business
Sep 13, 2019

Factbox: What needs to happen before Boeing's 737 MAX can fly again
Boeing Co's best-selling jet, the 737 MAX, was grounded globally in March, days after the crash of an Ethiopian Airlines flight that followed a similar Lion Air disaster in Indonesia in October. A total of 346 people died in the two crashes.

Reuters Business
Sep 13, 2019

Solid U.S. retail sales calm some worries about economy
U.S. retail sales increased more than expected in August, pointing to solid consumer spending that should continue to support a moderate pace of economic growth.

Reuters Business
Sep 13, 2019

IMF has a decision to make in Argentina: rock or hard place?
The International Monetary Fund has a tough choice to make in Argentina: Unlock over $5 billion in funds under the country's loan deal as the government strains to stave off default, or hold the money back and risk sparking more market panic.

Reuters Business
Sep 13, 2019

U.S. appeals court says Trump cannot dodge foreign corruption lawsuit
A U.S. federal appeals court on Friday revived a lawsuit alleging President Donald Trump violated the U.S. Constitution by profiting from foreign and domestic officials who patronized his hotels and restaurants, moving a watchdog group closer to obtaining financial records from his real estate company.

Reuters Business
Sep 13, 2019

VW CEO shifts strategy from empire building to efficiency
Volkswagen has abandoned its decades-old obsession with empire building and no-expense-spared engineering to free up resources for the development and mass production of electric cars, its CEO Herbert Diess told Reuters.

Reuters Business
Sep 13, 2019

Apple, Broadcom rein in Wall Street gains on trade optimism
Losses in shares of U.S. technology majors Apple and Broadcom set Wall Street for a subdued end to the week, as traders balanced the latest indicators of uncertain global growth outlook with perceived progress in Sino-U.S. trade relations.

Reuters Business
Sep 13, 2019

Exclusive: WeWork considers dramatic valuation cut in IPO
WeWork owner The We Company may seek a valuation in its upcoming initial public offering of between $10 billion and $12 billion, a dramatic discount to the $47 billion valuation it achieved in January, people familiar with the matter said on Friday.

Reuters Business
Sep 13, 2019

Hong Kong exchange vows to press on with $39 billion LSE bid after rebuff
Hong Kong's exchange refused to give up on its bid to take over the London Stock Exchange after the British bourse emphatically rejected its $39 billion takeover offer on Friday.

Reuters Business
Sep 13, 2019

UPS to pay $8.4 million to resolve U.S. overcharging probe
The U.S. Justice Department said United Parcel Service Inc has agreed to pay the United States $8.4 million to resolve allegations it overcharged federal agencies for package delivery services.

Reuters Business
Sep 13, 2019

Indian's top trader body seeks ban on Amazon, Flipkart's festive season sale
A leading Indian trader body asked the government on Friday to ban upcoming festive sales on Amazon's local unit and its rival Flipkart, saying their deep discounts violate the country's foreign investment rules for online retail.

Reuters Business
Sep 13, 2019

Stocks up for eighth day, bond yields climb on trade signs
A gauge of global stocks rose for an eighth straight day to a six-week high and benchmark government bond yields advanced on Friday as signs of progress in trade talks between the United and China, as well as a solid report on U.S. retail sales, allayed recession worries.

Reuters Business
Sep 13, 2019

Apple, Broadcom hold back Wall Street gains
Losses for U.S. technology majors Apple and Broadcom overturned early gains on Wall Street on Friday, as traders balanced the latest indicators on an uncertain global growth outlook with perceived progress in reducing Sino-U.S. trade tensions.

Reuters Business
Sep 13, 2019

Exclusive: WeWork considers dramatic valuation discount ahead of IPO
WeWork owner The We Company may seek a valuation in its upcoming initial public offering of between $10 billion and $12 billion, a dramatic discount to the $47 billion valuation it achieved in January, people familiar with the matter said on Friday.

Reuters Business
Sep 13, 2019

ECB hawks rally against Draghi's farewell stimulus
Conservative policymakers slammed the European Central Bank's lavish stimulus measures on Friday, voicing doubts about the need and effectiveness of a package that could consume most of the bank's remaining firepower.

Reuters Business
Sep 13, 2019

Draghi's parting shot leaves next ECB boss with existential dilemma
Christine Lagarde will face a momentous decision in her first year as European Central Bank President: give up on reviving inflation or give in to the temptation of bankrolling governments with neverending bond purchases.

Reuters Business
Sep 13, 2019

Solid U.S. retail sales ease economic growth concerns
U.S. retail sales increased more than expected in August, pointing to solid consumer spending that should continue to support a moderate pace of economic growth.

Reuters Business
Sep 13, 2019

Exclusive: WeWork considers IPO valuation of as low as $10 billion - sources
WeWork owner The We Company may seek a valuation in its upcoming initial public offering of between $10 billion and $12 billion, a dramatic discount to the $47 billion valuation it achieved in January, people familiar with the matter said on Friday.

Reuters Business
Sep 13, 2019

Crisis-hit Boeing readies huge effort to return 737 MAX to the skies
As Boeing Co sets its sights on winning approval to fly its 737 MAX within weeks, following a six-month safety ban, engineers around the world are rolling out plans for one of the biggest logistical operations in civil aviation history.

Reuters Business
Sep 13, 2019

U.S. appeals court rules against Trump in foreign payments case
A U.S. federal appeals court on Friday revived a lawsuit claiming President Donald Trump violated the U.S. Constitution by profiting from foreign and domestic officials who patronized his hotels and restaurants, adding to the corruption claims against Trump.

Reuters Business
Sep 13, 2019

Tech companies won't wait for U.S. to act on social media laws, Microsoft's president says
Microsoft Corp President and Chief Legal Officer Brad Smith said on Friday that technology companies are likely to change how they moderate online platforms in response to new laws from foreign governments, regardless of whether U.S. lawmakers act to change a U.S. law that has allowed social media platforms to flourish.

Reuters Business
Sep 13, 2019

Wall Street ticks higher at open on trade optimism, strong retail sales
The S&P 500 and Dow Jones Industrials indexes opened modestly higher on Friday, on growing optimism around trade talks between the United States and China as well as stronger-than-expected domestic retail sales.

Reuters Business
Sep 13, 2019

U.S. retail sales increase solidly in boost to economy
U.S. retail sales increased more than expected in August, pointing to solid consumer spending that should continue to support a moderate pace of economic growth.

Reuters Business
Sep 13, 2019

Ford recalls some Explorer SUVs after reports of hand injuries on sharp seat edges
Ford Motor Co said on Friday it was recalling some 2017 Explorer SUVs after receiving reports of 31 people injuring their hands on sharp edges down the side of the front seat.

Reuters Business
Sep 13, 2019

LSE board poised to decide fate of Hong Kong exchange's $39 billion offer
The London Stock Exchange's board will meet in coming days to decide on the Hong Kong bourse's surprise $39 billion takeover proposal, a source close to the British company said on Thursday, as the market poured cold water on the deal.

Reuters Business
Sep 13, 2019

Timeline: LSE - A story of failed mega-mergers
The London Stock Exchange emphatically rejected a $39 billion takeover offer from the Hong Kong bourse on Friday, opting to stick with its planned purchase of data and analytics group Refinitiv.

Reuters Business
Sep 13, 2019

PG&E reaches $11 billion settlement relating to wildfire claims
Power producer PG&E Corp said on Friday it has reached an $11 billion settlement agreement with entities representing about 85% of insurance subrogation claims relating to 2017 and 2018 wildfires.

Reuters Business
Sep 13, 2019

London Stock Exchange flatly rejects Hong Kong's $39 billion takeover offer
The London Stock Exchange emphatically rejected the Hong Kong bourse's $39 billion takeover offer on Friday, opting to stick with its planned purchase of data and analytics group Refinitiv.

Reuters Business
Sep 13, 2019

Kone open to co-shareholding with Thyssenkrupp in elevator deal: Bloomberg
Finland's Kone is open to a co-shareholding structure in a potential deal to merge with Thyssenkrupp's elevator division, its chief executive told Bloomberg News.

Reuters Business
Sep 13, 2019

London Stock Exchange rejects Hong Kong's $39 billion takeover offer
London Stock Exchange has rejected Hong Kong Exchange's $39 billion takeover offer, opting to stick with its planned purchase of data and analytics group Refinitiv.

Reuters Business
Sep 13, 2019

Milan bourse strategic for Italy due to MTS bond trading platform: minister
Italy's new economy minister said on Friday that the Milan bourse, which is part of the London Stock Exchange Group , is a strategic asset because it controls domestic government bond trading platform MTS.

Reuters Business
Sep 13, 2019

Futures rise as investors cheer trade progress
U.S. stock index futures rose on Friday as new signs of progress in trade relations between the United States and China comforted markets, which have been rankled by a prolonged stand off between the world's two largest economies.

Reuters Business
Sep 13, 2019

WeWork curbs CEO's voting power in bid to boost IPO prospects
WeWork owner The We Company said on Friday it has curbed the voting power of founder and CEO Adam Neumann, as part of changes to its corporate governance aimed at boosting demand for its planned initial public offering.

Reuters Business
Sep 13, 2019

India police probing AB InBev in New Delhi tax evasion case
Police in India's capital New Delhi are probing a case of alleged tax evasion involving Anheuser-Busch InBev , according to a police officer and a document seen by Reuters, a setback for the brewer already battling a three-year city ban.

Reuters Business
Sep 13, 2019

Trump trade-war aid sows frustration in farm country
The U.S. government is paying Texas cotton farmer J. Walt Hagood $145 an acre for losses related to U.S. President Donald Trump's trade policies. But Minnesota soybean farmer Betsy Jensen will get just $35 an acre.

Reuters Business
Sep 13, 2019

WeWork plans Nasdaq listing, curbs CEO's voting power
WeWork owner The We Company said on Friday it plans to list its stock on the Nasdaq and announced changes to its corporate governance, including curbs in the voting power of founder and CEO Adam Neumann, ahead of the roadshow for its stock market launch.

Reuters Business
Sep 13, 2019

Ford, GM rev up electric pickup trucks to head off Tesla
Large pickup trucks that tow most of the profits in to Ford Motor Co and General Motors Co are holdovers from another century - with heavy ladder frames and big internal combustion engines in the front driving the wheels in the back.

Reuters Business
Sep 13, 2019

Shares, bond yields perch at six-week highs
World shares climbed to a six-week high alongside benchmark government bond yields on Friday, as markets cheered signs of progress in U.S.-China trade talks and another powerful slug of stimulus from the European Central Bank.

Reuters Business
Sep 13, 2019

Asia shares at six-week high on trade progress, ECB easing
Asian stocks climbed to their highest in six weeks on Friday, as signs of progress in U.S.-China trade talks and aggressive stimulus from the European Central Bank helped to calm fears of a global economic slowdown.

Reuters Business
Sep 13, 2019

Japan Post Bank admits improper sales to elderly clients, discovers 19,500 cases
Japan Post Bank Co Ltd on Friday said it improperly sold investment trust products to elderly customers in about 19,500 cases, the latest instance of misconduct at the state-backed postal and financial group ahead of a planned share sale.

Reuters Business
Sep 12, 2019

Record low rates deliver competitive advantages to Australia's biggest banks: regulator
Australia's banking watchdog on Friday said record-low interest rates are likely to benefit the country's "Big Four" lenders over their smaller counterparts due to their better capital position and access to cheaper funds.

Reuters Business
Sep 12, 2019

Asian shares advance on U.S.-China trade progress, ECB easing
Asian stocks advanced on Friday as hints of progress in U.S.-China trade talks and aggressive stimulus from the European Central Bank helped counter worries about a global economic slowdown.

Reuters Business
Sep 12, 2019

Amid U.S. vaping crackdown, Juul enters China with online store openings
U.S. e-cigarettes maker Juul Labs Inc, which faces a widening crackdown on vaping at home, has entered China, with online storefronts on e-commerce sites owned by Alibaba Group and JD.com to tap the world's largest market of smokers.

Reuters Business
Sep 12, 2019

White House moving forward to strip California of vehicle authority: sources
The Trump administration is moving forward with a plan to revoke California's authority to set its own vehicle greenhouse gas standards and declare that states are pre-empted from setting their own vehicle rules, three people briefed on the matter said on Thursday.

Reuters Business
Sep 12, 2019

WeWork considering curbing Neumann's voting power to save IPO: source
WeWork owner The We Company's executives, investors and advisers are discussing curbing the voting power of founder Adam Neumann and removing his co-founder wife from a role in succession planning, a person familiar with the matter said on Thursday.

Reuters Business
Sep 12, 2019

Asian shares advance on U.S.-China trade hopes, ECB stimulus
Asian stocks advanced on Friday as hints of progress in the U.S.-China trade dispute and aggressive stimulus from the European Central Bank helped to counter worries about a global economic slowdown.

Reuters Business
Sep 12, 2019

Trump says he will unveil 'middle-income' tax plan in 2020
U.S. President Donald Trump said on Thursday his administration would unveil a tax overhaul plan aimed at middle-income households next year, amid the 2020 presidential election.

Reuters Business
Sep 12, 2019

U.S.-China trade war risks driving Fed policy, not Trump's carping: economists
The U.S.-China trade war will worsen or at best stay the same over the coming year, according to economists in a Reuters poll who expect the Federal Reserve to cut interest rates next week for the second meeting in a row.

Reuters Business
Sep 12, 2019

Trump favors 'whole deal' with China, two sides prepare for trade talks
President Donald Trump said on Thursday he preferred a comprehensive trade deal with China but did not rule out the possibility of an interim pact, even as he said an "easy" agreement would not be possible.

Reuters Business
Sep 12, 2019

U.S. corruption probe involving lavish parties, champagne hits another top UAW official
Just two days before the UAW's contracts with Detroit automakers were due to expire, U.S. prosecutors arrested and charged a senior union official on Thursday with embezzlement, releasing a complaint that alleges he spent member dues on lavish parties for union leaders, with liquor, cigars and women to light them.

Reuters Business
Sep 12, 2019

Philippine fast food specialist Jollibee hungry to expand in U.S., China
Jollibee Foods Corp , the Philippine fast food specialist known for fried 'Chickenjoy' and chopped hotdogs in sweet spaghetti sauce, is doubling down on expansion plans in the United States and China that are likely to include more M&A.

Reuters Business
Sep 12, 2019

Factbox: Highlights from criminal complaint in widening UAW corruption probe
A senior United Auto Workers (UAW) official was arrested on Thursday and charged with conspiring with other union leaders to embezzle hundreds of thousands of dollars in a mushrooming corruption scandal.

Reuters Business
Sep 12, 2019

Mexico's Pemex places $7.5 billion of bonds in record refinancing operation
Mexican state oil company Pemex said on Thursday it had placed $7.5 billion worth of bonds with maturities of seven, 10 and 30 years that will be used for debt refinancing.

Reuters Business
Sep 12, 2019

Mnuchin says 100-year Treasury bond possible
U.S. Treasury Secretary Steven Mnuchin on Thursday said the United States will issue 50-year bonds if there is "proper demand," a moved aimed at "derisking" the government's $22 trillion of debt and locking in low interest rates.

Reuters Business
Sep 12, 2019

U.S. House panel wants Boeing CEO to allow employee interviews on 737 MAX crashes
Congress on Thursday asked Boeing Co's chief executive to make several employees available for interviews as part of a congressional probe into the design, development and certification of 737 MAX aircraft involved in two crashes that killed 346 people.

Reuters Business
Sep 12, 2019

Broadcom says chip demand has hit bottom, but uncertain on recovery timing
Broadcom Inc said on Thursday demand for microchips had hit a bottom and would remain at current levels, a sign that an industry downturn may linger, and added that there was no clear indication as to when the recovery would take place.

Reuters Business
Sep 12, 2019

Consumer groups, unions urge caution on $63 billion AbbVie deal for Allergan
About a dozen advocacy groups and unions, including Public Citizen and the American Federation of Teachers, wrote the Federal Trade Commission on Thursday urging it to consider blocking drugmaker AbbVie Inc's planned $63 billion purchase of Botox maker Allergan Plc .

Reuters Business
Sep 12, 2019

Trump: would consider interim trade deal with China
U.S. President Donald Trump told reporters on Thursday he would consider an interim trade deal with China - a step he said he has seen discussed by analysts - but said he would rather reach a larger agreement on the issues.

Reuters Business
Sep 12, 2019

Senior UAW official charged in widening U.S. corruption probe
A senior United Auto Workers (UAW) official was arrested on Thursday and charged with conspiring with other union leaders to embezzle hundreds of thousands of dollars in a mushrooming corruption scandal that comes at a decisive moment in contract talks with Detroit automakers.

Reuters Business
Sep 12, 2019

U.S. may issue 100-year bonds if 50-year bond issue succeeds: Mnuchin
U.S. Treasury Secretary Steven Mnuchin on Thursday said the United States may issue 100-year bonds if a bid to issue 50-year bonds is successful.

Reuters Business
Sep 12, 2019

Time for Pemex to step up to fend off downgrade, deputy finance minister says
After a $5 billion government lifeline to pay off debt, Mexico's struggling state oil company Pemex must now do its part to fend off a threatened credit downgrade by keeping promises to increase production and lowering costs, a top official said.

Reuters Business
Sep 12, 2019

U.S. House panel wants Boeing CEO to allow employee interviews on 737 MAX
A U.S. House committee on Thursday asked Boeing Co Chief Executive Dennis Muilenburg to request interviews with several employees as part of the congressional probe into the design, development and certification of 737 MAX involved in two fatal crashes in five months killing 346 people.

Reuters Business
Sep 12, 2019

WeWork considering curbing Neumann's voting power to save IPO: FT
WeWork owner The We Company's executives, investors and advisers are discussing curbing the voting power of founder Adam Neumann and removing his wife from a role in succession planning, the Financial Times reported on Thursday, citing sources familiar with the matter.

Reuters Business
Sep 12, 2019

Broadcom misses quarterly revenue estimates, maintains full-year forecast
Broadcom Inc narrowly missed Wall Street estimates for quarterly revenue on Thursday and maintained its full-year forecast, as it faces a slowdown in chip demand and macroeconomic uncertainty due to the ongoing U.S.-China trade war.

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