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Reuters Business
Jun 26, 2019

Tesla's top production executive at Fremont facility quits: source
Tesla Inc's vice president of production at its Fremont factory, Peter Hochholdinger, has left after three years with the electric-car maker, a source familiar with the matter told Reuters.

Reuters Business
Jun 26, 2019

General Mills sales hit by low demand for Nature Valley, Fiber One bars
General Mills Inc's quarterly sales fell short of Wall Street estimates on Wednesday, hurt by lower demand for its Nature Valley and Fiber One snack bars, sending its shares down as much as 10%.

Reuters Business
Jun 26, 2019

Dollar gains on lower rate cut expectations, stocks flat
The dollar rose and European shares fell on Wednesday as traders scaled back expectations of an aggressive cut in U.S. interest rates in July, while Wall Street rose on hopes of a China-U.S. trade breakthrough at the G20 summit later this week in Japan.

Reuters Business
Jun 26, 2019

Oil prices rise 3% as U.S. crude, products stockpiles fall
Oil prices rose about 3% on Wednesday and hit their highest in about a month, buoyed by U.S. government data that showed a much larger-than-expected drawdown in U.S. crude inventories as exports hit a record high, and surprise drops in refined product stockpiles.

Reuters Business
Jun 26, 2019

Global chipmakers rally on Micron's upbeat results, Huawei shipments
Shares of chipmakers rose on Wednesday after Micron Technology Inc forecast a recovery in chip demand in the second half of the year, easing concerns that rising trade tensions would exacerbate a slump in the sector.

Reuters Business
Jun 26, 2019

Wall St. higher on tech boost, trade hopes
U.S. stocks rose on Wednesday after comments from Treasury Secretary Steven Mnuchin's fueled optimism that the United States and China were close to striking a trade deal, while the tech sector was boosted by chipmaker Micron's upbeat results.

Reuters Business
Jun 26, 2019

U.S. Treasury Secretary says U.S., China were close to trade deal: CNBC
U.S. Treasury Secretary Steven Mnuchin said on Wednesday that the United States and China were close to a trade deal, CNBC reported.

Reuters Business
Jun 26, 2019

Wall St. opens higher on tech boost, trade hopes
U.S. stocks opened higher on Wednesday, as chipmaker Micron Technology's upbeat results lifted technology shares and Treasury Secretary Steven Mnuchin's comments fueled optimism that the United States and China would strike a trade deal.

Reuters Business
Jun 26, 2019

France's Macron hopes Renault and Nissan will strengthen their alliance
French President Emmanuel Macron said on Wednesday he wanted Renault and Japan's Nissan Motor to strengthen their alliance, with an eye on the fields of electric vehicles and automated driving.

Reuters Business
Jun 26, 2019

General Mills quarterly sales hit by lower snacks demand, shares fall
Cheerios cereal maker General Mills Inc reported quarterly sales below Wall Street estimates on Wednesday, hit by lower snacks demand in North America, sending shares down 6% before the bell.

Reuters Business
Jun 26, 2019

EU hits Broadcom with interim demands in antitrust probe
EU antitrust regulators want U.S. chipmaker Broadcom to scrap its exclusivity clauses with TV and modem makers to avoid irreparable harm to the market while they investigate whether this tactic and others are designed to block rivals.

Reuters Business
Jun 26, 2019

U.S. Treasury Secretary says U.S., China were close to trade deal: CNBC
U.S. Treasury Secretary Steven Mnuchin said on Wednesday that the United States and China were close to a trade deal, CNBC reported.

Reuters Business
Jun 26, 2019

Global stocks gain as trade talk hopes rise, rate-cut pressure ebbs
European stocks and U.S. equity futures were higher on Wednesday after a report fueled optimism about progress in U.S.-China trade talks, offsetting disappointment about the size of potential U.S. interest rate cuts.

Reuters Business
Jun 26, 2019

Futures bounce on trade hopes, Micron results
U.S. stock index futures rose on Wednesday after Treasury Secretary Steven Mnuchin said the United States and China were close to reaching a trade deal, with strong results from chipmaker Micron adding to the upbeat mood.

Reuters Business
Jun 26, 2019

General Mills misses sales estimates as snacks demand fall
General Mills Inc on Wednesday reported quarterly sales below Wall Street estimates, hurt by declines in its U.S. snacks business.

Reuters Business
Jun 26, 2019

U.S. wants 'reasonable' trade deal with China: U.S. Commerce Secretary
The United States "is not looking for victory" with China over trade but wants "a sensible deal that addresses the legitimate issues that we have," U.S. Commerce Secretary Wilbur Ross said on Wednesday.

Reuters Business
Jun 26, 2019

Airlines and regulators meet to discuss Boeing 737 MAX un-grounding efforts
Airlines and regulators are gathering at a closed-door summit in Montreal on Wednesday to exchange views on steps needed for a safe and coordinated return of Boeing Co's grounded 737 MAX jets to the skies following two deadly crashes.

Reuters Business
Jun 26, 2019

Exclusive: China hacked eight major computer services firms in years-long attack
Hackers working for China's Ministry of State Security broke into networks of eight of the world's biggest technology service providers in an effort to steal commercial secrets from their clients, according to sources familiar with the attacks.

Reuters Business
Jun 26, 2019

Macron says France to be vigilant over Carlos Ghosn's rights
President Emmanuel Macron said on Wednesday France would remain vigilant that Carlos Ghosn's presumption of innocence and the former Renault-Nissan leaders' rights to defend himself in a Japanese lawcase are respected.

Reuters Business
Jun 26, 2019

Broadcom in EU antitrust spotlight, faces interim measures
EU antitrust regulators will investigate whether U.S. chipmaker Broadcom uses exclusivity restrictions to block rivals in the TV and modem chipsets markets, a move that could lead to hefty fines for the company and an order to end such practices.

Reuters Business
Jun 26, 2019

China's Alibaba aims to double Tmall Global brands with English portal
Chinese e-commerce giant Alibaba on Wednesday launched an English-language website for its Tmall Global marketplace aimed at merchants, in an attempt to double the number of international brands on the platform to 40,000 in the next three years.

Reuters Business
Jun 26, 2019

Oil prices rise on drop in U.S. crude stocks, refinery outage
Oil prices rose on Wednesday, buoyed by an outage at a major refinery on the U.S. East Coast and industry data that showed U.S. crude stockpiles fell more than expected.

Reuters Business
Jun 26, 2019

Fate of opioid litigation hinges on government 'police power'
The fate of thousands of lawsuits seeking to hold drugmakers responsible for fueling the U.S. opioid epidemic hinges in part on a thorny legal question: Can a company can use a bankruptcy to stop lawsuits from cities and states?

Reuters Business
Jun 26, 2019

Volkswagen's Traton expected to price IPO toward lower end of range: sources
Volkswagen's truck unit Traton is expected to price its initial public offering (IPO) this week toward the lower end of the marketing range, people close to the matter said.

Reuters Business
Jun 26, 2019

Traton expected to price toward lower end of range: sources
Volkswagen's truck unit Traton is expected to price toward the lower end of the marketing range in this week's initial public offering, people close to the matter said.

Reuters Business
Jun 26, 2019

Swiss ban planemaker Pilatus from operating in Saudi Arabia, UAE
The Swiss foreign ministry on Wednesday banned planemaker Pilatus from operating in Saudi Arabia and the United Arab Emirates, saying the company had breached rules on logistical support for foreign armed forces.

Reuters Business
Jun 26, 2019

U.S. Treasury Secretary says U.S.-China trade deal is 90% done: CNBC
U.S. Treasury Secretary Steven Mnuchin said on Wednesday that the trade deal between the United States and China is "about 90%" complete, CNBC reported.

Reuters Business
Jun 26, 2019

China's Alibaba aims to double Tmall brands with English portal
Chinese e-commerce giant Alibaba on Wednesday launched an English-language website for its Tmall marketplace aimed at merchants, in an attempt to double the number of international brands on the platform to 40,000 in the next three years.

Reuters Business
Jun 26, 2019

Fed's Powell resists pressure for hefty rate cut, sends global stocks down
Global stocks fell while the dollar rose on Wednesday as comments from U.S. Federal Reserve dampened excitement about an aggressive rate cut as early as July from the world's most important central bank.

Reuters Business
Jun 26, 2019

Japan watchdog to recommend $24 million fine for Nissan over Ghosn pay: source
Japan's markets watchdog will likely recommend that the financial regulator fine Nissan Motor Co up to 4 billion yen ($37 million) over the alleged underreporting of former Chairman Carlos Ghosn's compensation, a source said.

Reuters Business
Jun 26, 2019

Oil prices jump on U.S. crude stocks fall, major refinery outage
Oil prices hit their highest level in nearly a month on Wednesday, buoyed by an outage at a major refinery on the U.S. East Coast and industry data that showed U.S. crude stockpiles fell more than expected.

Reuters Business
Jun 26, 2019

Japan's Abe hopes U.S., China resolve trade war through constructive talks
Japanese Prime Minister Shinzo Abe said on Wednesday that he hoped the United States and China would resolve their trade war through constructive dialogue when they meet at a gathering of leaders from the Group of 20 major economies.

Reuters Business
Jun 26, 2019

Macron calls for synergies, alliances' to strengthen Renault-Nissan
French President Emmanuel Macron on Wednesday called for further synergies and alliances to strengthen the Renault-Nissan partnership in a global market.

Reuters Business
Jun 26, 2019

Walmart aims to list minority stake in Japan unit Seiyu
Walmart said it aims to list its Japanese supermarket unit Seiyu while keeping a majority stake in the business, amid on-and-off speculation the U.S. retail giant was looking to exit Japan where it has struggled to grow.

Reuters Business
Jun 26, 2019

Walmart says it aims to list Japanese supermarket unit Seiyu
Walmart aims to list its Japanese supermarket unit Seiyu while keeping a majority stake in the business, the U.S. company said in a statement on Wednesday, amid on-and-off speculation the retail giant was looking to exit the market.

Reuters Business
Jun 26, 2019

TechnipFMC resolves U.S. and Brazil probes, hopes to settle French case
Oil services company TechnipFMC said it would pay $301.3 million to resolve anti-corruption probes with Brazilian and U.S. authorities, and added it was committed to resolving another probe on its affairs with French authorities.

Reuters Business
Jun 26, 2019

TDR Capital to buy car auctioneer BCA Marketplace for $2.4 billion
British private equity firm TDR Capital on Wednesday said it offered to buy car auctioneer BCA Marketplace for about 1.91 billion pounds ($2.42 billion).

Reuters Business
Jun 26, 2019

Australian PM says Beijing should adopt reform to end U.S. trade war
Australian Prime Minister Scott Morrison said on Wednesday that China should reform its economy to end a trade war with the United States that is damaging the global economy, comments that could strain ties with the country's largest trading partner.

Reuters Business
Jun 26, 2019

Micron resumes some chip shipments to Huawei, boosting stock
Memory-chip maker Micron Technology Inc said it had resumed some shipments to China's Huawei Technologies Co Ltd and still expected demand for its chips to recover later this year, sending its shares 10% late on Tuesday.

Reuters Business
Jun 26, 2019

Asia stocks dip after Fed tapers aggressive easing expectations
Asian stocks dipped on Wednesday and the dollar inched up from three-month lows after Federal Reserve officials tempered expectations in the markets for aggressive monetary easing.

Reuters Business
Jun 26, 2019

Masters of what universe? Central bankers in a bind as G20 bickers over trade
For decades the United States led the push for lower tariffs worldwide, but President Donald Trump is testing the solidarity of his G20 peers with a protectionist line on trade, putting central bankers in a tough spot with depleted resources to battle a downturn that may be coming sooner than expected.

Reuters Business
Jun 26, 2019

Large carmakers including Volkswagen, FCA could face 2021 EU emissions fines: study
Volkswagen and FiatChrysler could face penalties of up to 1.83 billion euros ($2.08 billion) and 746 million euros respectively, if they fail to meet the European Union's emissions targets set for 2021, according to AlixPartners.

Reuters Business
Jun 25, 2019

Oil prices jump as U.S. crude stocks fall, Middle East worries add support
Oil prices rose more than 1% on Wednesday to their highest in nearly a month as industry data showed U.S. crude stockpiles fell more than expected, underpinning a market already buoyed by worries over a potential U.S.-Iran conflict.

Reuters Business
Jun 25, 2019

Tesla faces delivery bottleneck at close of second-quarter: Electrek
Shares of Tesla Inc fell 1.7% on Tuesday after news website Electrek reported that the electric-car maker has so far delivered 49,000 vehicles in North America during the second quarter, threatening its goal of a new record.

Reuters Business
Jun 25, 2019

Asia stocks retreat after Fed tempers aggressive rate cut expectations
Asian stocks retreated on Wednesday and the dollar inched up from three-month lows after Federal Reserve officials tempered expectations in the markets for aggressive monetary easing.

Reuters Business
Jun 25, 2019

Apple buys self-driving car startup Drive.ai
Apple Inc on Tuesday confirmed that it has acquired self-driving shuttle firm Drive.ai.

Reuters Business
Jun 25, 2019

Kinder Morgan wins Texas court challenge, removing obstacle to $2 billion gas pipeline
Kinder Morgan Inc can begin work on a $2 billion natural gas pipeline without having the Texas energy regulator approve its proposed route, a state judge ruled on Tuesday.

Reuters Business
Jun 25, 2019

U.S. aims to restart China trade talks, will not accept conditions on tariff use
The United States hopes to re-launch trade talks with China after President Donald Trump and President Xi Jinping meet in Japan on Saturday, but Washington will not accept any conditions around the U.S. use of tariffs in the dispute, a senior administration official said on Tuesday.

Reuters Business
Jun 25, 2019

Oil prices climb amid fall in U.S. stockpiles, Middle East worries
Oil prices rose over 1% on Wednesday to hit their highest in nearly a month as widely-watched data showed U.S. crude stockpiles fell more than expected, underpinning a market already buoyed by worries over potential U.S.-Iran conflict.

Reuters Business
Jun 25, 2019

Asia stocks slip after Fed tempers aggressive rate cut expectations
Asian stocks slipped on Wednesday and the dollar pulled back from three-month lows after Federal Reserve officials tempered expectations in the markets for aggressive monetary easing.

Reuters Business
Jun 25, 2019

FAA reassigns three in office overseeing Southwest Airlines: source
The Federal Aviation Administration has reassigned three managers in its office overseeing Southwest Airlines Co, a person briefed on the matter said on Tuesday.

Reuters Business
Jun 25, 2019

Micron says some Huawei shipments resumed, shares rise
Micron Technology Inc said it had resumed some microchip shipments to Huawei Technologies Co Ltd and still expects demand for its chips to recover later this year, sending shares up as much as 10% late on Tuesday.

Reuters Business
Jun 25, 2019

Tesla faces delivery bottleneck at close of second quarter: Electrek
Shares of Tesla Inc fell 1.7% on Tuesday after news website Electrek reported that the electric-car maker has so far delivered 49,000 vehicles in North America during the second quarter, threatening its goal of a new record.

Reuters Business
Jun 25, 2019

FedEx profit beats estimates, warns of pain in 2020 from trade war
Package delivery company FedEx Corp beat Wall Street estimates for quarterly profit on Tuesday, but warned that U.S.-China trade tensions and the non-renewal of its contract with Amazon.com Inc would hurt its fiscal 2020 performance.

Reuters Business
Jun 25, 2019

Secrets lawsuit to be dropped under Mitsubishi-Bombardier deal
A trade secrets lawsuit brought by Canada's Bombardier against the aircraft unit of Mitsubishi Heavy Industries Ltd has been "stayed" or suspended and will be dropped when a deal for the Japanese company to buy Bombardier's regional jet program closes, Mitsubishi said on Tuesday.

Reuters Business
Jun 25, 2019

Micron resumes some Huawei shipments, shares rise
Micron Technology Inc shares rose as much as 10% on Tuesday as the memory chip maker said it had resumed some shipments to Huawei Technologies Co Ltd and still expected demand for its chips to recover later this year.

Reuters Business
Jun 25, 2019

Disney poaches Netflix film executive for streaming service
Walt Disney Co said on Tuesday it had hired a top executive in Netflix Inc's original film division, Matt Brodlie, to lead international content development for its upcoming family-oriented streaming service called Disney .

Reuters Business
Jun 25, 2019

Fed pushes back on aggressive U.S. rate cut views
Federal Reserve officials on Tuesday pushed back on market expectations and presidential pressure for the central bank to deliver a significant U.S. interest rate cut of half a percentage point as soon as its next meeting.

Reuters Business
Jun 25, 2019

FedEx warns 2020 results to be hurt by trade war, shares fall 2%
Package delivery company FedEx Corp beat Wall Street estimates for quarterly profit on Tuesday, but warned its fiscal 2020 performance would be hurt by trade uncertainty and non-renewal of Amazon contract, sending its shares down 2%.

Reuters Business
Jun 25, 2019

Wall Street sinks as hopes fade for rate cuts, trade progress
Wall Street stock indexes fell on Tuesday, led by a sharp selloff in technology shares, as simmering trade concerns and disappointing economic data sent buyers to the sidelines, while the Federal Reserve chairman pushed back on pressure from President Donald Trump to cut interest rates.

Reuters Business
Jun 25, 2019

Micron revenue & profit beats, sees signs of improving demand
Micron Technology Inc beat analysts' estimates for quarterly revenue and profit on Tuesday, and the chipmaker said it is seeing early signs of demand improvement, sending shares up as much as 7% in extended trading.

Reuters Business
Jun 25, 2019

Fed's Barkin sees risk the U.S. could talk itself into a recession; no sign of it yet
Richmond Federal Reserve President Thomas Barkin on Tuesday said there was a risk the United States could talk itself into a recession but added he saw no sign of this happening yet.

Reuters Business
Jun 25, 2019

Disney poaches Netflix film-making chief for streaming service: Deadline
Walt Disney Co has hired the head of Netflix Inc's original film division, Matt Brodlie, for its streaming service Disney , according to a report by Deadline on Tuesday.

Reuters Business
Jun 25, 2019

U.S. launches criminal probe into alleged chicken price fixing by Tyson, rivals
The U.S. Department of Justice has begun a criminal probe into allegations that Tyson Foods Inc and other poultry processors including Pilgrim's Pride Corp and Sanderson Farms Inc colluded to fix poultry prices, court documents show.

Reuters Business
Jun 25, 2019

Disney poaches Netflix film-making chief for streaming service - Deadline
Walt Disney Co has hired the head of Netflix Inc's original film division, Matt Brodlie, for its streaming service Disney , according to a report by Deadline on Tuesday.

Reuters Business
Jun 25, 2019

Wall Street drops amid tech selloff, trade concerns
Wall Street fell on Tuesday, led by a selloff in technology shares, as simmering trade concerns and disappointing economic data sent buyers to the sidelines, while Federal Reserve Chairman Jerome Powell pushed back on pressure from President Donald Trump to cut interest rates.

Reuters Business
Jun 25, 2019

Powell says Fed insulated from politics, wrestling with rate cuts
Federal Reserve Chairman Jerome Powell on Tuesday said the U.S. central bank is "insulated from short-term political pressures," and that its policymakers are wrestling with whether to cut interest rates as President Donald Trump has demanded.

Reuters Business
Jun 25, 2019

Tesla likely to miss record second-quarter delivery target: Electrek
Shares of Tesla Inc fell 1.3% on Tuesday after news website Electrek reported that the electric-car maker has so far delivered 49,000 vehicles in North America during the second quarter and may miss its quarterly target.

Reuters Business
Jun 25, 2019

Gold soars to six-year high, stocks slide after Powell speech
Gold soared to an almost six-year high on Tuesday on escalating U.S.-Iran tensions, while equity markets slid on disappointing economic data and uncertainty that the Federal Reserve will cut interest rates in July as has been expected.

Reuters Business
Jun 25, 2019

Oil prices mixed ahead of U.S. crude stock data
Oil prices were mixed on Tuesday ahead of data expected to show U.S. crude stocks declining, outweighing investors' concerns that U.S.-China trade tensions could dampen fuel demand.

Reuters Business
Jun 25, 2019

PG&E bondholders propose bankruptcy exit plan worth up to $30 bln
A committee of bondholders of PG&E Corp's utility unit on Tuesday proposed a bankruptcy reorganization plan that would inject up to $30 billion to help the California power provider emerge from Chapter 11 and pay off its liability from wildfires.

Reuters Business
Jun 25, 2019

Bombardier exits commercial aviation with sale of regional jet business to Mitsubishi
Bombardier Inc said on Tuesday it will sell its money-losing regional jet business to Japan's Mitsubishi Heavy Industries Ltd (MHI) for $550 million in cash, in a deal marking the Canadian plane and train maker's exit from commercial aviation.

Reuters Business
Jun 25, 2019

Wall Street drops on trade worries, Fed Chair Powell's speech
Wall Street lost ground on Tuesday as simmering trade concerns, combined with disappointing economic data, sent buyers to the sidelines, where they remained after Federal Reserve Chair Jerome Powell pushed back on pressure from President Donald Trump to cut rates.

Reuters Business
Jun 25, 2019

Exclusive: In a world first, Facebook to give data on hate speech suspects to French courts
In a world first, Facebook has agreed to hand over the identification data of French users suspected of hate speech on its platform to judges, France's minister for digital affairs Cedric O said on Tuesday.

Reuters Business
Jun 25, 2019

Indonesia media exec says company talking to Disney; tycoon founder denies
The director of the investment arm of Indonesian media group Media Nusantara Citra (MNC)  said on Tuesday the group was in talks with Walt Disney Co on a possible investment by the U.S. media conglomerate, but the group's owner Hary Tanoesoedibjo denied talks were taking place.

Reuters Business
Jun 25, 2019

Instant view: Powell - Fed is 'insulated' from short-term political pressure
Federal Reserve Chairman Jerome Powell on Tuesday said the U.S. central bank is "insulated from short-term political pressures," as policymakers faced new calls by President Donald Trump to cut interest rates.

Reuters Business
Jun 25, 2019

Powell says Fed is wrestling with whether to cut rates, insulated from politics
Federal Reserve Chairman Jerome Powell on Tuesday said the U.S. central bank is "insulated from short-term political pressures," as policymakers wrestle with whether to cut rates as President Donald Trump has demanded.

Reuters Business
Jun 25, 2019

Trump thinks dollar is too strong, blames Fed policy: official
President Donald Trump believes the U.S. dollar is too strong, and the euro is too weak, and feels the situation could be eased if the Federal Reserve lowered interest rates, a senior administration official said on Tuesday.

Reuters Business
Jun 25, 2019

UBS CEO welcomes cryptocurrency advances but urges caution
Switzerland should welcome innovation in cryptocurrencies but needs to be on guard against potential abuses by criminals, UBS Group Chief Executive Sergio Ermotti told a panel discussion on Tuesday.

Reuters Business
Jun 25, 2019

Comcast's SKY Italia appoints Maximo Ibarra as new CEO
SKY Italia has appointed Maximo Ibarra as its new chief executive effective Oct. 1 as it expands its business, the Italian unit of U.S. media group Comcast said on Tuesday.

Reuters Business
Jun 25, 2019

U.S. consumer confidence dives, trade tensions hurting economy
U.S. consumer confidence tumbled to a 21-month low in June as households grew a bit more pessimistic about business and labor market conditions amid concerns about a recent escalation in trade tensions between the United States and China.

Reuters Business
Jun 25, 2019

UPS will not join FedEx lawsuit against U.S. government
Parcel delivery company United Parcel Service Inc said on Tuesday it would not join rival FedEx Corp's lawsuit against the U.S. government.

Reuters Business
Jun 25, 2019

PG&E bondholders propose bankruptcy reorganization plan worth up to $30 billion
A committee of bondholders of PG&E Corp's utility unit on Tuesday proposed a bankruptcy reorganization plan that would inject up to $30 billion, primarily equity, to help the California power provider emerge from Chapter 11 and address its liability from wildfires.

Reuters Business
Jun 25, 2019

Porsche recalls 340,000 cars due to parking problem
Volkswagen's sports-car brand Porsche has to recall almost 340,000 Cayenne and Panamera vehicles due to problems with their automatic transmission, the German company said on Tuesday.

Reuters Business
Jun 25, 2019

GM to spend $20 million more on equipment upgrade at Arlington plant
General Motors Co said on Tuesday it would invest an additional $20 million to upgrade equipment at the automaker's Arlington Assembly plant in Texas, ahead of the launch of full-size sports utility vehicles (SUVs).

Reuters Business
Jun 25, 2019

Wall St. sinks on trade jitters ahead of Powell speech
Wall Street lost ground on Tuesday as simmering geopolitical and trade concerns, combined with disappointing economic data, kept buyers at bay and investors looked to remarks from U.S. Federal Reserve chair Jerome Powell expected later in the session.

Reuters Business
Jun 25, 2019

PG&E bondholders propose competing bankruptcy plan worth up to $30 billion
A committee of bondholders of PG&E Corp's utility unit on Tuesday proposed filing a bankruptcy reorganization plan that would inject up to $30 billion, primarily equity, to help the California power provider emerge from Chapter 11 and address its liability from wildfires.

Reuters Business
Jun 25, 2019

Wall St. dragged down by Iran tensions, trade worries; Fed in focus
Wall Street's main indexes slipped on Tuesday, hit by trade jitters and rising tensions in the Middle East, while investors focused on speeches by Federal Reserve officials for clues on monetary policy.

Reuters Business
Jun 25, 2019

Gold soars to six-year high as trade, as Iran tensions mount
Gold soared to almost a six-year high on Tuesday on escalating U.S.-Iran tensions and U.S.-Sino trade anxiety, leading traders to pile into safe-haven government debt and to snap up the yen and Swiss franc at the expense of the dollar.

Reuters Business
Jun 25, 2019

Facebook's Libra coin closely watched by authorities: FSB
Facebook's plan to expand into payments is not expected to be on the agenda of this week's G20 summit in Japan, but the social media giant's intentions could lead regulators to take a closer look at crypto assets, a G20 regulatory group said on Tuesday.

Reuters Business
Jun 25, 2019

Japan's Suntory joins rival Coca Cola to push Vietnam on plastic recycling
Japanese beverage giant Suntory Holdings said it would work with rival Coca-Cola as well as Nestle to push the government in Vietnam, among the biggest contributors to plastic waste in the ocean, to create a large-scale recycling system.

Reuters Business
Jun 25, 2019

Special Report: How judges added to the grim toll of opioids
By Benjamin Lesser, Dan Levine, Lisa Girion and Jaimi Dowdell

Reuters Business
Jun 25, 2019

Reuters' analysis of U.S. court secrecy: the methodology
To measure the extent and impact of court secrecy, a team of Reuters journalists analyzed Westlaw data from 3.2 million civil suits filed in federal court between 2006 and 2016.

Reuters Business
Jun 25, 2019

Unilever to shut ice cream facility in Nevada, cut 300 jobs
Unilever said on Tuesday it would close its ice cream manufacturing facility in Henderson, Nevada, resulting in 300 people losing their jobs.

Reuters Business
Jun 25, 2019

U.S. consumer confidence falls in June; home sales weak
U.S. consumer confidence fell to a 21-month low in June, with households a bit more pessimistic about business and labor market conditions amid concerns about a recent escalation in trade tensions between the United States and China.

Reuters Business
Jun 25, 2019

U.S. consumer confidence at 21-month low
U.S. June consumer confidence fell more than expected, hitting its lowest level since September 2017, according to a private sector report released on Tuesday.

Reuters Business
Jun 25, 2019

Exclusive: In push to replace Huawei, rural U.S. carriers are talking with Nokia and Ericsson
About a dozen rural U.S. telecom carriers that depend on Huawei for network gear are in discussions with its biggest rivals, Ericsson and Nokia, to replace their Chinese equipment, sources familiar with the matter said.

Reuters Business
Jun 25, 2019

Oil prices tick up ahead of U.S. crude stock data
Oil prices ticked up on Tuesday after the U.S. market open on anticipation that data due later would show crude stocks there declined, erasing earlier losses linked to concerns over waning demand

Reuters Business
Jun 25, 2019

Wall St. opens flat ahead of Fed speeches
U.S. stocks opened flat on Tuesday, as rising tensions in the Middle East and signs that U.S.-China trade talks may generate little progress kept investors on the sidelines, ahead of a handful of speeches by Federal Reserve officials later in the day.

Reuters Business
Jun 25, 2019

Safety first: markets wary of world politics and policy and dash for bunkers
Gold, Switzerland's franc, Japan's yen, top-rated government bonds, and even bitcoin -- investors have dashed for havens and alternative assets this week as anxiety grows about trade wars, U.S.-Iran tensions and negative interest rates.

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