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Reuters Business
Aug 14, 2018

Asian stocks retreat as Turkey worries weigh, dollar buoyant
Asian stocks retreated on Wednesday, failing to follow Wall Street's gains, while the dollar was near a 13-month high as concerns about Turkey's financial crisis weighed on investor appetite despite the lira's move away from an all-time low.

Reuters Business
Aug 14, 2018

Asian stocks weaken as Turkey worries weigh, dollar stands tall
Asian stocks sagged on Wednesday, failing to track Wall Street's gains and with the dollar near a 13-month high as concerns about Turkey's financial crisis weighed on investor appetite, despite the lira's move away from an all-time low.

Reuters Business
Aug 14, 2018

China says U.S. solar tariffs violate trade rules, lodges WTO complaint
A U.S. decision to subsidize its renewable energy companies and impose tariffs on imported products has seriously distorted the global market and harmed China's interests, China's Ministry of Commerce said late on Tuesday.

Reuters Business
Aug 14, 2018

Soros Fund Management adds popular tech names, BlackRock in second quarter
Soros Fund Management LLC added Facebook Inc , Apple Inc and Twitter Inc , but trimmed stakes in Alphabet Inc and Amazon.com Inc in the quarter through June, according to a regulatory filing on Tuesday.

Reuters Business
Aug 14, 2018

Goldman shareholders can again pursue class action over CDOs
A federal judge on Tuesday said Goldman Sachs Group Inc shareholders may again pursue class-action claims that the bank concealed conflicts of interest when creating risky subprime securities before the 2008 financial crisis.

Reuters Business
Aug 14, 2018

Lockheed wins $2.9 billion contract for U.S. missile warning satellites
Lockheed Martin Corp has been awarded a U.S. Air Force contract worth up to $2.9 billion for three missile warning satellites, the Air Force said on Tuesday.

Reuters Business
Aug 14, 2018

Tribune executives will get bonuses after Sinclair deal collapses
Tribune Media Co said Tuesday it will pay bonuses to executives who worked for more than 15 months on its failed merger with Sinclair Broadcast Group Inc .

Reuters Business
Aug 14, 2018

Musk bid for Tesla: no formal offer, no firm deals with advisers
Tesla Inc's board named a special committee of three directors on Tuesday to decide what to do about Chief Executive Elon Musk's potential offer to take the electric carmaker private, although Musk has yet to make a formal offer and is still negotiating to hire advisers needed to do a deal.

Reuters Business
Aug 14, 2018

Berkshire boosts Goldman, Teva stakes; buys more Apple
Warren Buffett's Berkshire Hathaway Inc boosted its investments in Goldman Sachs Group Inc and Israel's Teva Pharmaceutical Industries Ltd during the second quarter and confirmed it has expanded its already huge bet on iPhone maker Apple Inc .

Reuters Business
Aug 14, 2018

Kroger partners with Alibaba in China grocery sales venture
Kroger Co has partnered with Alibaba Group Holding Ltd to sell nuts, supplements and other products in China, venturing outside the United States for the first time in what is fast becoming a fierce global battle to dominate online grocery sales.

Reuters Business
Aug 14, 2018

Monsanto Roundup appeal has uphill climb on 'junk science' grounds: legal experts
Bayer AG unit Monsanto faces long odds on an appeal blaming an "inflamed" jury and "junk science" for a verdict of $289 million in damages to a man who said the company's Roundup weed killer caused his cancer, according to some legal experts.

Reuters Business
Aug 14, 2018

Lockheed Martin wins $2.9 billion U.S. defense contract: Pentagon
Lockheed Martin Corp has been awarded a $2.9 billion U.S. defense contract for three Next Generation Overhead Persistent Infrared Geosynchronous Earth Orbit Space Vehicles, the Pentagon said on Tuesday.

Reuters Business
Aug 14, 2018

Kroger enters China grocery market with Alibaba partnership
Kroger Co has partnered with Alibaba Group Holding Ltd to sell its private label products in China, venturing outside the United States for the first time in what is fast becoming a fierce global battle to dominate online grocery sales.

Reuters Business
Aug 14, 2018

Major Tesla shareholders trimmed stakes last quarter: filings
Two major Tesla Inc shareholders cut their stakes in the electric automaker during the second quarter, before Chief Executive Elon Musk announced he would try to take the company private this month.

Reuters Business
Aug 14, 2018

Royal Bank of Scotland pays $4.9 billion for crisis-era misconduct
Royal Bank of Scotland will pay $4.9 billion to settle U.S. claims that it misled investors on residential mortgage-backed securities between 2005 and 2008, the U.S. Justice Department said on Tuesday.

Reuters Business
Aug 14, 2018

Sprint partners with LG to launch 5G smartphone in 2019
Sprint Corp said Tuesday it has partnered with phone manufacturer LG Electronics Inc to launch a 5G smartphone in the first half of next year, marking the first 5G device deal for the No. 4 U.S. wireless carrier.

Reuters Business
Aug 14, 2018

Shares rebound as Turkish lira pulls out of dive
World share markets rebounded on Tuesday as Turkey's lira pulled out of a recent nosedive and reassuring data from Germany helped offset the latest wobbles in China's giant economy.

Reuters Business
Aug 14, 2018

The Chinese street's view of the trade war: some say they won't buy U.S. products
Chinese officials have been mostly measured and moderate in their response to U.S. President Donald Trump's ratcheting up of a trade war with Beijing in recent weeks through his announcement of a series of punitive tariffs. They have generally avoided adding to tensions, allowing the Communist Party's official media to make the most bellicose comments.

Reuters Business
Aug 14, 2018

Nasdaq, FINRA to boost reporting fees for dark pool trades
Nasdaq Inc and a Wall Street watchdog will raise fees for private stock trading platforms, such as "dark pools," that report trade executions to a Nasdaq-run entity, in response to higher operational costs and off-exchange trading volumes, according to a recent regulatory filing.

Reuters Business
Aug 14, 2018

IATA still pursuing complaint against Honeywell after CFM deal
The International Air Transport Association (IATA) is pursuing its complaint against Honeywell to EU antitrust regulators, it said on Tuesday, even as the air transport group struck a deal over a similar grievance with engine maker CFM.

Reuters Business
Aug 14, 2018

Royal Bank of Scotland pays $4.9 billion for financial crisis-era misconduct: U.S. Justice Department
Royal Bank of Scotland will pay $4.9 billion to settle U.S. claims that it misled investors on residential mortgage-backed securities between 2005 and 2008, the U.S. Justice Department said on Tuesday, adding this was the largest penalty imposed on a bank for misconduct during the financial crisis.

Reuters Business
Aug 14, 2018

Wall St. gains as earnings beat; Turkish lira rebounds
Wall Street stocks advanced and the S&P 500 was on track for its best day in three weeks on Tuesday as a rebound in the Turkish lira eased contagion fears and a string of healthy earnings boosted investor optimism.

Reuters Business
Aug 14, 2018

Kroger to sell private label products in China through Alibaba
Kroger Co has partnered with Alibaba Group Holding Ltd to sell its private label products on the e-commerce giant's Tmall platform in China, making its first venture outside the United States.

Reuters Business
Aug 14, 2018

U.S. hedge funds bet on retail, tech in second-quarter as economy sizzled
Prominent hedge fund managers appeared to make big second-quarter bets that the U.S. economy would continue to expand despite increasing concerns about a broadening trade dispute between the U.S. and China, regulatory filings showed Tuesday.

Reuters Business
Aug 14, 2018

Tinder founders sue parent IAC, saying it owes them billions
A group of founders, executives and early employees of Tinder on Tuesday sued IAC/InterActiveCorp , claiming the parent company deliberately undervalued the dating app to avoid paying them billions of dollars and deprived some employees of stock options.

Reuters Business
Aug 14, 2018

Wall St. gains on earnings, recovery in bank stocks
U.S. stocks rose in a broad rally on Tuesday after four straight days of losses on a strong set of earnings from retailers and as bank stocks rebounded after the Turkish lira snapped a three-week slide.

Reuters Business
Aug 14, 2018

Global shares rebound as lira pulls out of nosedive
World share markets rebounded on Tuesday as Turkey's lira pulled out of a recent nosedive and reassuring data from Germany helped offset the latest wobbles in China's giant economy.

Reuters Business
Aug 14, 2018

Tinder founders sue parent IAC, saying it undervalued company
A group of founders, executives and early employees of popular dating app Tinder on Tuesday sued IAC/InterActiveCorp , claiming the parent company deliberately undervalued Tinder to avoid paying them billions of dollars.

Reuters Business
Aug 14, 2018

Uber names Matt Olsen as chief security officer
Uber Technologies Inc [UBER.UL] named Matt Olsen as its chief security officer, the ride hailing company's Chief Executive Officer Dara Khosrowshahi said in a tweet on Tuesday.

Reuters Business
Aug 14, 2018

Tesla forms three-member panel to decide on any Musk proposal
Tesla Inc's board named a special committee of three directors on Tuesday to evaluate possibly taking the electric carmaker private, although it said it had yet to see a firm offer from the company's chief executive, Elon Musk.

Reuters Business
Aug 14, 2018

A look at Tesla's nine-member board
Tesla Inc's board has named a special committee of three directors to negotiate with Chief Executive Elon Musk on taking the electric car maker private, although it said it was yet to see a firm offer from him.

Reuters Business
Aug 14, 2018

German union to start pay talks for Ryanair cabin crew on Wednesday
German union Verdi will meet Ryanair in Dublin on Wednesday to start pay talks for around 1,000 cabin crew working in Germany for Europe's largest low-cost airline, it said.

Reuters Business
Aug 14, 2018

IATA still pursing complaint against Honeywell after CFM deal
The International Air Transport Association (IATA) is pursuing its complaint against Honeywell to EU antitrust regulators, it said on Tuesday, even as the air transport group struck a deal over a similar grievance with engine maker CFM.

Reuters Business
Aug 14, 2018

Home Depot second-quarter sales bounce back, results top estimates
Home Depot Inc's profit and revenue topped estimates on Tuesday despite signs of a slowdown in the housing market, boosted by a rebound in demand for seasonal products and as shoppers spent more to remodel their homes.

Reuters Business
Aug 14, 2018

Earnings optimism, rebound in bank stocks lift Wall Street
U.S. stocks rose in a broad rally on Tuesday after three straight days of losses as strong earnings reports boosted optimism and bank shares rebounded after Turkey's currency snapped its three-week slide.

Reuters Business
Aug 14, 2018

Shares rebound as lira pulls out of nosedive
World share markets rebounded on Tuesday as Turkey's lira pulled out of a recent nosedive and reassuring data from Germany helped offset the latest wobbles in China's giant economy.

Reuters Business
Aug 14, 2018

Einhorn's Greenlight cuts back many top holdings, slices Apple
Billionaire investor David Einhorn, whose Greenlight Capital is posting some of the hedge fund industry's worst returns, cut back several long-term holdings including Apple Inc , Voya Financial Inc and Consol Energy Inc , a filing made on Tuesday shows.

Reuters Business
Aug 14, 2018

Kate Spade sales drive strong Tapestry forecast, shares jump
The publicity around the untimely death of designer Kate Spade drew shoppers back to the handbag brand this summer, driving a 31 percent jump in fourth-quarter sales for its new owner Tapestry Inc that sent shares up 12 percent on Tuesday.

Reuters Business
Aug 14, 2018

Amazon to open Colombia service center, employ 600 workers
Amazon.com Inc on Tuesday said it will open its first customer service center in Colombia in October and employ 600 people.    The center, intended to prevent and resolve problems, will serve customers worldwide in Spanish, English and Portuguese, the world's largest online retailer said in a statement.

Reuters Business
Aug 14, 2018

Coca-Cola bets on Kobe sports drink in fight with Gatorade
Coca-Cola Co is buying a minority stake in a sports drink brand backed by basketball star Kobe Bryant, it said on Tuesday, seeking to mount a stronger challenge to PepsiCo's Gatorade.

Reuters Business
Aug 14, 2018

Tesla forms three-member panel to decide on any Musk deal
Tesla Inc's board named a special committee of three directors on Tuesday to negotiate with Elon Musk on taking the electric carmaker private, although it said it was yet to see a firm offer from the company's chief executive.

Reuters Business
Aug 14, 2018

Wall St. rises on earnings optimism, lira rebound
U.S. stock indexes rose on Tuesday as upbeat quarterly reports from a clutch of companies boosted earnings optimism and bank stocks rebounded after Turkey's currency snapped its three-week slide.

Reuters Business
Aug 14, 2018

Tesla forms three-member panel to look at any Musk deal
Tesla Inc's board named a special committee of three directors on Tuesday which will evaluate Elon Musk's proposals to take the company private, although it said it was yet to see a firm offer from the company's chief executive.

Reuters Business
Aug 14, 2018

Ford recalls 3,968 cars over clutch pressure plate issue: regulator
Russia's standards agency said on Tuesday it had been informed about the recall of 3,968 Ford cars sold between 2011 and 2016.

Reuters Business
Aug 14, 2018

Wall St. set for higher open on healthy earnings, lira rebound
U.S. stocks were set to open higher on Tuesday on the back of healthy earnings reports and a recovery in Turkish currency, which snapped its free fall after three weeks of slide.

Reuters Business
Aug 14, 2018

Tesla forms special committee, has no formal proposal from Musk
Tesla Inc's board has appointed a special committee to evaluate a potential transaction that would take the company private, but has not received a formal proposal from Chief Executive Elon Musk, the company said on Tuesday.

Reuters Business
Aug 14, 2018

Home Depot second-quarter sales bounce back after slow start to year
Home Depot Inc on Tuesday reported second-quarter sales that beat Wall Street estimates despite signs of a slowdown in the housing market, boosted by a rebound in demand for seasonal products and shoppers making more purchases to remodel their homes.

Reuters Business
Aug 14, 2018

Investment firms explore buyout of Yum China: sources
Investment firms are exploring a buyout of Yum China Holdings Inc. in what could be one of Asia's biggest M&A deals this year, sources close to the situation told Reuters.

Reuters Business
Aug 14, 2018

Shares regain footing as lira pulls out of nosedive
World share markets fought to regain their footing on Tuesday, as Turkey's lira pulled out of its recent nosedive and reassuring data from Germany helped offset the latest wobbles in China's giant economy.

Reuters Business
Aug 14, 2018

Futures rise as Turkish lira rebounds, tech stocks gain
U.S. stock index futures inched higher on Tuesday as global markets bounced back from concerns of weakness in Turkish currency, with gains in technology stocks lifting sentiment.

Reuters Business
Aug 14, 2018

Home Depot's second-quarter sales top estimates, shares rise early
Home Depot Inc on Tuesday reported second-quarter sales that beat Wall Street estimates and revised its earnings forecast for the year, boosted by a rebound in demand for seasonal merchandise and as more shoppers made purchases.

Reuters Business
Aug 14, 2018

Tech still all the rage while bears prowl emerging markets: BAML survey
Global investors remain overwhelmingly bullish on U.S. and Chinese tech shares, while short positions on emerging equities are growing increasingly popular, Bank of America Merrill Lynch's latest monthly fund manager survey showed on Tuesday.

Reuters Business
Aug 14, 2018

Coca-Cola picks up stake in Kobe Bryant sports drink
Coca-Cola Co is buying a minority stake in a sports drink brand backed by basketball star Kobe Bryant, it said on Tuesday, seeking to mount a stronger challenge to top energy drink Gatorade.

Reuters Business
Aug 14, 2018

Home Depot's second-quarter sales rebound, shares rise
Home Depot Inc's second-quarter sales at established stores beat Wall Street forecasts, boosted by a rebound in demand for seasonal merchandise.

Reuters Business
Aug 14, 2018

Novartis recruits new compliance head from Siemens after ethics stumbles
Novartis has recruited a new chief ethics officer from Siemens after costly bribery scandals and a disputed $1.2 million contract with President Donald Trump's former lawyer that the Swiss drugmaker now calls a mistake.

Reuters Business
Aug 14, 2018

DAMAC Properties 'holds its nerve' amid Dubai real estate slump: CFO
Dubai's DAMAC Properties , owner and operator of the only Trump-branded golf club in the Middle East, is confident of its financial position despite registering its worst quarter in terms of booked sales since the company went public five years ago, its chief financial officer said.

Reuters Business
Aug 14, 2018

Shares regain footing as lira roars out of rout
World share markets regained their footing on Tuesday as the threat from the collapse of the Turkish lira ebbed and reassuring German data offset signs of slowing growth in China.

Reuters Business
Aug 14, 2018

Exclusive: Carlyle starts preparations for $5 billion listing of chemicals group Atotech - sources
Buyout group Carlyle is starting preparations for a stock market listing of German speciality chemicals group Atotech, a former part of oil group Total which could be valued at around $5 billion, people close to the matter said.

Reuters Business
Aug 14, 2018

Japan's Don Quijote rides high on rule-breaking reputation
Japanese discount retailer Don Quijote Holdings Co Ltd was once the industry's enfant terrible, overturning standard retail practices with its cluttered and chaotic stores that sell everything from faux leopard-skin rugs to designer watches.

Reuters Business
Aug 14, 2018

Exclusive: Carlyle starts preparations for listing of chemicals group Atotech - sources
Buyout group Carlyle is starting preparations for a stock market listing of German speciality chemicals group Atotech, a former unit of oil group Total , which it bought for $3.2 billion two years ago, people close to the matter said.

Reuters Business
Aug 14, 2018

Asia stumbles on soft China data, gold loses its glitter
Asian share markets fought to regain their footing on Tuesday as tremors from the collapse of the Turkish lira ebbed, though sentiment took a fresh knock when Chinese economic data proved softer than expected.

Reuters Business
Aug 14, 2018

South Korea to ban about 20,000 BMW vehicles after engine fires
South Korea's transport ministry said on Tuesday it would ban some 20,000 BMW vehicles from the streets amid mounting public fears about engine fires.

Reuters Business
Aug 14, 2018

Brazil's farmers dump sugar for soy as trade war boosts Chinese demand
Last year, Brazilian farmer Gustavo Lopes sized up his sugarcane plantation against his soybean fields.

Reuters Business
Aug 13, 2018

Asia tries to find its footing, China disappoints
Asian share markets fought to regain their footing on Tuesday as tremors from the collapse of the Turkish lira ebbed, though sentiment took a fresh knock when Chinese economic data proved softer than expected.

Reuters Business
Aug 13, 2018

Musk says Silver Lake, Goldman advising on taking Tesla private
Tesla Inc Chief Executive Elon Musk on Monday tweeted that he would work with buyout firm Silver Lake and investment bank Goldman Sachs as financial advisers on a proposal to take private the electric car maker.

Reuters Business
Aug 13, 2018

Musk says working with Silver Lake, Goldman on proposal to take Tesla private
Tesla Inc Chief Executive Officer Elon Musk said on Monday he was working with Silver Lake Partners and Goldman Sachs Group Inc for financial advice on his proposal to take the electric car company private.

Reuters Business
Aug 13, 2018

Venezuela gasoline prices should rise to international levels: Maduro
Venezuela's heavily subsidized domestic gasoline prices should rise to international levels to avoid billions of dollars in annual losses due to fuel smuggling, President Nicolas Maduro said in a televised address on Monday.

Reuters Business
Aug 13, 2018

Asia tries to find its footing after Turkish tremors
Asia share markets tried to regain their footing on Tuesday as tremors from the collapse of the Turkish lira ebbed a little and Wall Street proved resilient to the shockwaves.

Reuters Business
Aug 13, 2018

Icahn reverses position on Cigna-Express Scripts deal
Activist investor Carl Icahn said on Monday that he no longer intended to solicit proxies to vote against the $52 billion Cigna-Express Scripts deal, a turn around from his position last week when he urged the health insurer's shareholders to vote against it.

Reuters Business
Aug 13, 2018

Credit Suisse divides international wealth unit into more regions: Bloomberg
Credit Suisse Group AG is splitting its international wealth-management unit into seven regions from four, in an ongoing push by Chief Executive Officer Tidjane Thiam to regionalize the bank, Bloomberg reported on Monday, citing people briefed on the matter.

Reuters Business
Aug 13, 2018

Major Tesla owner Fidelity trimmed stake last quarter: SEC filing
Major Tesla Inc shareholder, Fidelity Investments, cut its stake in the electric automaker by 21 percent during the second quarter, before Chief Executive Elon Musk announced his plan to take the company private earlier this month.

Reuters Business
Aug 13, 2018

Keeping Tesla shares may not be an option for some big funds
Elon Musk wants to take Tesla Inc private, but some of his big investors may not be able to follow.

Reuters Business
Aug 13, 2018

Citigroup shakes up consumer bank and card chief leaves
Citigroup Inc restructured its consumer bank on Monday, elevating one executive and triggering the departure of another, as the third-biggest U.S. bank moved to improve results.

Reuters Business
Aug 13, 2018

Lockheed Martin wins $480 million U.S. defense contract: Pentagon
Lockheed Martin Corp has been awarded a $480 million U.S. defense contract for air-launched rapid response weapon critical design review and test and production readiness support, the Pentagon said on Monday.

Reuters Business
Aug 13, 2018

Wall Street dragged down by fall out from Turkey's plunging lira
U.S. stocks dropped on Monday as global jitters from Turkey's plummeting currency spread to Wall Street, with the S&P 500 and the Dow falling for the fourth session in a row.

Reuters Business
Aug 13, 2018

WPP to quit London headquarters in break with past after Sorrell departure
WPP is set to move out of its central London headquarters after 30 years, in another break with the past following the departure in April of founder and CEO Martin Sorrell from the world's largest advertising company.

Reuters Business
Aug 13, 2018

White House adviser Hassett: U.S. monitoring Turkey situation 'very closely'
White House economic adviser Kevin Hassett said on Monday the Trump administration is monitoring the financial situation in Turkey "very closely" after the Turkish currency fell sharply against the dollar in recent days.

Reuters Business
Aug 13, 2018

U.S. bank shares fall on Turkey contagion fears
U.S. bank shares fell for a third straight session on Monday as investor appetite for risk weakened on worries that a currency crisis in Turkey would spread to other countries.

Reuters Business
Aug 13, 2018

U.S. economy seen strong in 2018, to slow in 2019: CBO
U.S. economic growth will probably accelerate this year before slowing in 2019 to well below the Trump administration's 3 percent target as a fiscal stimulus fades, congressional researchers projected on Monday.

Reuters Business
Aug 13, 2018

Musk talking to Saudi fund, others as he seeks Tesla buyout financing
Tesla Inc Chief Executive Elon Musk said on Monday a July 31 meeting with Saudi Arabia's sovereign wealth fund convinced him he could secure funding to take the electric car-maker private, but that he was still talking to the fund and other investors as he seeks to nail down financing.

Reuters Business
Aug 13, 2018

Tesla short sellers trim exposure but stay the course
Short sellers betting against Tesla trimmed their exposure to the electric car maker's stock on Monday after Chief Executive Elon Musk gave new information about his proposal to take the company private.

Reuters Business
Aug 13, 2018

S&P 500, Dow slip as Turkey's currency woes spread
The S&P 500 and the Dow industrials fell on Monday as a global contagion of market jitters arising from the plunge of Turkey's currency spread to Wall Street, while the Nasdaq edged higher on gains from tech stocks.

Reuters Business
Aug 13, 2018

VF to spin off Lee and Wrangler jeans into public company
VF Corp , one of the world's biggest apparel makers, will spin off Lee and Wrangler jeans into a separate public company, it said on Monday, allowing it to focus on its more profitable Vans sneakers and The North Face outerwear businesses.

Reuters Business
Aug 13, 2018

Musk still talking to Saudi fund, others as he seeks buyout financing
Tesla Inc Chief Executive Elon Musk said on Monday a July 31 meeting with Saudi Arabia's sovereign wealth fund convinced him he could secure funding to take the electric car-maker private, but that he was still talking to the fund and other investors as he seeks to nail down financing.

Reuters Business
Aug 13, 2018

Wall St. slips as Turkey's currency worries hurt bank stocks
U.S. stock indexes fell on Monday as a plummeting Turkish lira weighed on shares of big U.S. lenders, but losses on the Nasdaq were limited by high-flying companies such as Apple and Amazon that hit record highs.

Reuters Business
Aug 13, 2018

Citigroup says global card chief Linville leaving in shakeup
Citigroup Inc said on Monday that Jud Linville, the head of global cards and consumer services, is leaving the company as part of a reorganization of executives in its global consumer banking businesses.

Reuters Business
Aug 13, 2018

Factbox: European banks' exposure to Turkey
Turkey's economic crisis poses a threat to European banks with business in the country.

Reuters Business
Aug 13, 2018

Musk says talking to Saudi fund, others on Tesla buyout
Tesla Inc Chief Executive Elon Musk said on Monday he was in discussions with Saudi Arabia's sovereign wealth fund and other potential backers of his plan to take the electric car-maker private, but said financing was not yet nailed down.

Reuters Business
Aug 13, 2018

S&P flat as tech boost offsets Turkish currency worries
The S&P 500 index treaded water on Monday as high-flying companies such as Apple and Amazon hit record highs, offsetting declines in shares of U.S. lenders due to a plunge in Turkish lira.

Reuters Business
Aug 13, 2018

World equities slip on Turkey currency woes
NEW YORK - Turkey's worsening currency crisis sent world equities lower and emerging market currencies under selling pressure on Monday, while gains in large U.S. technology companies kept benchmark indexes slightly higher.

Reuters Business
Aug 13, 2018

Citigroup says card chief Linville leaving in reorganization
Citigroup Inc said Jud Linville, head of global cards and consumer services, is leaving the bank as part of a reorganization of executives in its global consumer banking businesses.

Reuters Business
Aug 13, 2018

Turkey must ensure independence of central bank: Merkel
German Chancellor Angela Merkel urged Turkey on Monday to ensure the independence of its central bank as other senior officials said that Turkey's economic woes were causing great concern.

Reuters Business
Aug 13, 2018

NRF lifts 2018 U.S. retail sales forecast on strong job market, tax reform
The National Retail Federation on Monday raised its U.S. retail sales forecast for 2018, citing higher wages, gains in disposable income and a strong job market that have boosted consumer spending.

Reuters Business
Aug 13, 2018

Tourists find silver lining in Turkey's lira crash
Visitors to Turkey flocked to its high-end shops to snap up bargains on Monday, their purchasing power buoyed by a currency crisis as the country's lira sank to a record low beyond 7 per dollar.

Reuters Business
Aug 13, 2018

Tech gains push Wall St. higher, offsets Turkey currency worries
U.S. stock indexes inched higher on Monday as shares of technology companies gained, offsetting a plunge in the Turkish lira that weighed on shares of big U.S. lenders.

Reuters Business
Aug 13, 2018

Musk says Saudi fund supports Tesla buyout, talks continue
Tesla Chief Executive Elon Musk said on Monday he was still in talks with potential backers of a possible buyout of the company, including Saudi Arabia's sovereign wealth fund, but had not completed securing the funding.

Reuters Business
Aug 13, 2018

Independent labels urge EU to block Sony's $2.3 billion bid for EMI
Independent music labels group Impala has called on EU antitrust regulators to block Sony Corp's bid to become the world's largest music publisher with its $2.3 billion offer for control of EMI, saying the combination would have too much market power.

Reuters Business
Aug 13, 2018

Roundup cancer verdict sends Bayer shares sliding
Bayer shares plunged as much as 14 percent on Monday, losing about $14 billion in value, after newly acquired Monsanto was ordered to pay $289 million in damages in the first of possibly thousands of U.S. lawsuits over alleged links between a weedkiller and cancer.

Reuters Business
Aug 13, 2018

Musk says Saudi fund pushed for two years to take Tesla private
Saudi Arabia's sovereign wealth fund has been pushing to take electric carmaker Tesla private in talks with Chief Executive Elon Musk dating back nearly two years and also backed the deal last week, Musk said in a blog post on Monday.

Reuters Business
Aug 13, 2018

Wall St. opens flat as tech gains offset Turkey currency woes
U.S. stock indexes opened flat on Monday as a meltdown in the Turkish lira that dragged on shares of big U.S. lenders was offset by an uptick in technology stocks.

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