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Reuters Business
Apr 26, 2019

PayPal to invest $500 million in Uber: Refinitiv IFR
Online payments company PayPal Holdings Inc plans to invest $500 million in Uber Technologies Inc as the ride-hailing firm readies to unveil terms for its initial public offering on Friday, Refinitiv IFR reported.

Reuters Business
Apr 26, 2019

Peru to sign MoU to join China's Belt and Road club in coming days: Chinese ambassador
Peru will sign a memorandum of understanding to join China's Belt and Road infrastructure initiative in coming days, China's ambassador said on Wednesday, despite recent warnings from the United States about the Beijing's rise in Latin America.

Reuters Business
Apr 26, 2019

China's top feed producer New Hope builds three pig farms in Vietnam
China's top feed producer, New Hope Group, said on Thursday it is building three pig farms in neighboring Vietnam, even as an incurable pig disease spreads through the Southeast Asian country.

Reuters Business
Apr 26, 2019

Exports, inventories seen boosting U.S. first-quarter growth
The U.S. economy likely maintained a moderate pace of growth in the first quarter, which could further dispel earlier fears of a recession even though activity was driven by temporary factors.

Reuters Business
Apr 26, 2019

Citron's Left says he is no longer long or short on Tesla
Citron Research Founder Andrew Left is no longer long or short on Tesla Inc, he said in an emailed statement on Thursday.

Reuters Business
Apr 26, 2019

Asia shares doze off, dollar perky on GDP hopes
Asian shares drifted off in sleepy trade on Friday, while the dollar held around two-year highs on speculation that figures later in the day will show the U.S. economy outperforming the rest of the developed world.

Reuters Business
Apr 25, 2019

China's Xi says Belt and Road must be green, sustainable
China's Belt and Road initiative must be green and sustainable, President Xi Jinping said at the opening of a summit on his grand plan on Friday, adding that the massive infrastructure and trade plan should result in "high quality" growth for everyone.

Reuters Business
Apr 25, 2019

China seeks to allay fears over Belt and Road debt risks
China aims to make the Belt and Road initiative sustainable and prevent debt risks, its finance minister said on Thursday, seeking to allay criticism that the infrastructure plan to boost trade and investment creates a heavy burden for some nations.

Reuters Business
Apr 25, 2019

Nintendo shares fall as much as 5% after conservative guidance
Nintendo Co Ltd's shares fell as much as 5 percent in early Tokyo trading, a day after the gaming company offered conservative earnings guidance and urged caution on the roll-out of its Switch console in China.

Reuters Business
Apr 25, 2019

Battle for Hong Kong Airlines pulls complex HNA holdings into daylight
Shareholders summoned by Hong Kong Airlines this month for a meeting were greeted with some shocking news: the airline needed at least HK$2 billion in fresh funds or it would lose its operating license.

Reuters Business
Apr 25, 2019

China President Xi says goal of Belt and Road is advance 'win-win cooperation'
China's President Xi Jinping said on Friday the aim of his Belt and Road initiative is to advance win-win cooperation among countries and build a new platform for international trade, while also creating development opportunities for China.

Reuters Business
Apr 25, 2019

Facebook files lawsuit against New Zealand company, three people
U.S. social media giant Facebook Inc on Thursday said it has filed a lawsuit in U.S. Federal court, against a company and three people in New Zealand, alleging the sale of fake engagement services on its Instagram photo-sharing platform.

Reuters Business
Apr 25, 2019

Nintendo shares fall as much as 5% after conservative earnings guidance
Nintendo Co Ltd's shares fell as much as 5 percent in early Tokyo trading, a day after the gaming company offered conservative earnings guidance and urged caution on the roll-out of its Switch console in China.

Reuters Business
Apr 25, 2019

Petrobras sells rights to two fields to Malaysia's Petronas for $1.29 billion
Brazil's state-run oil company Petroleo Brasileiro said on Thursday it had closed a $1.29 billion deal with Malaysia's Petronas to sell 50 percent of Petrobas' exploration and production rights in two of its offshore fields.

Reuters Business
Apr 25, 2019

Tesla's Elon Musk, SEC again ask for more time to reach deal over CEO's Twitter use
Tesla Inc Chief Executive Elon Musk and the U.S. Securities and Exchange Commission on Thursday sought a second delay and requested to provide the court another joint submission on or before April 30, indicating whether they have reached an agreement to settle a dispute over Musk's use of Twitter, both parties said in a court filing.

Reuters Business
Apr 25, 2019

Asia shares subdued, dollar pins hopes on U.S. GDP
Asian shares got off to a subdued start on Friday, while the dollar held near two-year highs against the euro on speculation that data later in the day will show the U.S. economy outperforming the rest of the developed world.

Reuters Business
Apr 25, 2019

Global tightening cycle over, slower ride for growth ahead: Reuters Poll
Major central banks are done tightening policy, according to a majority of economists polled by Reuters, with the growth outlook wilting across developed and emerging economies along with scant prospects for a surge in inflation.

Reuters Business
Apr 25, 2019

Uber, Didi slam Mexico City's new rules on ride-hailing, including cash ban
Uber, Didi Chuxing and other ride-hailing firms on Thursday criticized a host of new regulations of the sector in Mexico's capital city, which include a ban on cash fares that could exclude many potential customers who lack bank accounts.

Reuters Business
Apr 25, 2019

Amazon raises stakes for rivals with one-day delivery goal after profit surge
Amazon.com Inc plans to deliver packages to members of its loyalty club Prime in just one day, instead of two days, part of a spending ramp-up that may curb near-term profits and will up the ante for retail rivals such as Walmart Inc.

Reuters Business
Apr 25, 2019

Brent slips from $75 per barrel as investors doubt rally will endure
Oil prices eased after Brent touched $75 per barrel on Thursday for the first time in nearly six months on the suspension of some Russian crude exports to Europe as investors second-guessed the market's ability to rally further.

Reuters Business
Apr 25, 2019

Uber to kick off investor road show with IPO terms on Friday
Ride-hailing company Uber Technologies Inc will unveil terms for its initial public offering on Friday, telling investors it will seek to be valued at between $80 billion and $90 billion, according to people familiar with the matter.

Reuters Business
Apr 25, 2019

T-Mobile U.S. profit beats estimates as it signs up more customers
T-Mobile US Inc first-quarter revenue and profit jumped from a year earlier, beating Wall Street's estimates, as competitive pricing lured new subscribers to its monthly cellphone plans.

Reuters Business
Apr 25, 2019

New York investigating Facebook over storage of 'unauthorized' email contacts
New York Attorney General Letitia James said on Thursday she is investigating Facebook Inc's unauthorized storage of up to 1.5 million Facebook users' email contact databases, the latest privacy issue to affect the U.S. social media giant.

Reuters Business
Apr 25, 2019

Amazon aims to bring one-day delivery to Prime members around the globe
Amazon.com Inc plans to deliver packages to members of its loyalty club Prime in just one day, instead of two days, part of a spending ramp-up that might curb future profits after a blockbuster first quarter.

Reuters Business
Apr 25, 2019

Uber to kick off investor roadshow with IPO terms on Friday
Ride-hailing company Uber Technologies Inc will unveil terms for its initial public offering on Friday, telling investors it will seek to be valued at between $80 billion and $90 billion, according to people familiar with the matter.

Reuters Business
Apr 25, 2019

New coffees, delivery push fuel Starbucks quarterly sales, profit view
Starbucks Corp raised its full-year profit forecast and beat Wall Street estimates for quarterly same-store sales on Thursday, as its new Cloud Macchiato, Matcha tea and cold brews in the United States and speedy delivery network in China drew more customers.

Reuters Business
Apr 25, 2019

Amazon raises spending to accelerate Prime delivery speed to one day
Amazon.com Inc on Thursday trounced first-quarter profit estimates as demand for its cloud and ad services soared, but the company indicated that bigger spending was in store as it worked to turn its loyalty club Prime into a one-day shipping program.

Reuters Business
Apr 25, 2019

Intel cuts forecast as China data center sales remain weak
Chipmaker Intel Corp on Thursday cut its full-year revenue forecast and missed analysts' estimates for first-quarter sales for its higher-margin data center business, sending its shares down as much as 7.5%.

Reuters Business
Apr 25, 2019

Warren Buffett says Berkshire could buy back $100 billion stock: FT
Warren Buffett said his conglomerate Berkshire Hathaway Inc could repurchase as much as $100 billion of its stock, the Financial Times said on Thursday without providing a time frame, citing a recent interview with the billionaire.

Reuters Business
Apr 25, 2019

Ford more confident of stronger 2019 despite 'volatile environment'
Ford Motor Co on Thursday posted a better-than-expected first-quarter largely due to strong pickup truck sales in its core U.S. market and said it was more confident in its forecast 2019 would bring better results than last year.

Reuters Business
Apr 25, 2019

Intel cuts full-year revenue forecast, misses on data-center sales
Chipmaker Intel Corp cut its full-year revenue forecast on Thursday and missed analysts' estimates for first-quarter sales for its higher-margin data center business, sending its shares down 7 percent after hours.

Reuters Business
Apr 25, 2019

S&P 500 nudges lower as industrials drag
The S&P 500 closed just barely lower on Thursday, as a dive in industrial stocks and concerns about slowing global growth eclipsed gains in Facebook and Microsoft.

Reuters Business
Apr 25, 2019

New York investigating Facebook over 'unauthorized' email contact collection
New York Attorney General Letitia James said on Thursday she is investigating Facebook Inc's unauthorized collection of up to 1.5 million Facebook users' email contact databases, the latest issue involving the privacy of the company's users.

Reuters Business
Apr 25, 2019

Amazon profit trounces estimates, sales forecast muted
Amazon.com Inc on Thursday trounced first-quarter profit estimates on soaring demand for its cloud and advertising services, but a weak forecast renewed concern that the company would spend away part of its windfall on larger investments this year.

Reuters Business
Apr 25, 2019

Facebook users care less about privacy than regulators
Facebook Inc is preparing for a record-setting fine from U.S. regulators over privacy issues, but Wall Street shrugged at the looming penalty after the company added users and trounced profit expectations for the first quarter.

Reuters Business
Apr 25, 2019

T-Mobile profit jumps, beats estimates; subscriber additions cited
T-Mobile US Inc first-quarter revenue and profit jumped from a year earlier, beating Wall Street's estimates, the company said on Thursday, citing competitively priced wireless plans that enabled it to substantially boost the number of net new phone subscribers who pay a monthly bill.

Reuters Business
Apr 25, 2019

Starbucks raises full-year profit forecast, shares rise
Starbucks Corp raised its full-year profit forecast and reported quarterly profit and same-store sales that beat Wall Street estimates on Thursday, helped by higher prices of its coffees and ramped up delivery options in the United States.

Reuters Business
Apr 25, 2019

S&P 500 dips slightly as industrials weigh
The S&P 500 ended Thursday's session slightly lower as a dive in industrials stocks and concerns about slowing global growth overshadowed gains in Facebook Inc and Microsoft Corp.

Reuters Business
Apr 25, 2019

T Mobile, Sprint face new FCC questions on tie-up
T-Mobile US Inc and Sprint Corp executives this week urged senior U.S. regulators to approve the proposed tie-up, saying the combined company would have the incentive to slash prices, according to a filing on Thursday.

Reuters Business
Apr 25, 2019

Southwest Airlines says bookings strong even as 737 MAX grounded
Southwest Airlines Co forecast better-than-expected second-quarter revenue growth on Thursday, citing demand from leisure and business customers, even though it is uncertain when its grounded Boeing 737 MAX jets will return to service.

Reuters Business
Apr 25, 2019

U.S. adds another China e-commerce site to 'notorious' IP blacklist
The United States on Thursday added China's third-largest e-commerce platform to its list of "notorious markets" for violations of intellectual property rights and kept China on its priority watch list for piracy and counterfeiting concerns.

Reuters Business
Apr 25, 2019

S&P 500 edges barely higher as industrials drag
The S&P 500 was clinging to a small gain on Thursday as concerns about slowing global growth and a dive in industrials stocks overshadowed gains in Facebook and Microsoft.

Reuters Business
Apr 25, 2019

Morgan Stanley to pay $150 million to settle California crisis-era mortgage charges
Morgan Stanley will pay $150 million to settle charges it misled two large California public pension funds about the risks of mortgage-backed securities they bought in the years leading up to the 2008 global financial crisis.

Reuters Business
Apr 25, 2019

Brent touches $75 per barrel after Europe halts Russian crude imports
Brent crude hit $75 per barrel on Thursday for the first time in nearly six months after quality concerns suspended some Russian crude exports to Europe while the United States prepared to tighten sanctions on Iran.

Reuters Business
Apr 25, 2019

Bombardier's surprise forecast cut rattles stock, bond investors
Canada's Bombardier Inc cut its full-year profit and revenue forecasts on Thursday as it wrestled with production challenges in its key railcar-making unit, rattling markets ahead of the company's annual general meeting next week.

Reuters Business
Apr 25, 2019

Southwest CEO says sticking with Boeing 737 MAX, no current plans for new models
Southwest Co Chief Executive Gary Kelly said on Thursday the company was sticking with its plan to keep growing its fleet with the 737 MAX made by Boeing Co and does not plan to order different aircraft models any time soon.

Reuters Business
Apr 25, 2019

Glencore probed by U.S. CFTC for 'corrupt practices'
Glencore Plc said on Thursday that the U.S Commodity Futures Trading Commission (CFTC) is investigating whether the miner and its units may have violated certain regulations through "corrupt practices".

Reuters Business
Apr 25, 2019

U.S. FAA, global aviation regulators to meet May 23 on Boeing 737 MAX
The U.S. Federal Aviation Administration said Thursday it is inviting top civil aviation officials from around the world to a May 23 meeting to discuss the now-grounded Boeing 737 MAX.

Reuters Business
Apr 25, 2019

After years serving CEOs, Goldman's Ayco also wants other workers
Goldman Sachs Group Inc is expanding a financial advisory service for top executives to target millions of other affluent employees at some of the biggest U.S. companies, as it seeks to build its retail and wealth management businesses.

Reuters Business
Apr 25, 2019

UPS profit hurt by severe weather, issues disappointing outlook for second quarter; shares sink
United Parcel Service Inc said it saw signs of softening in the U.S. economy and issued a disappointing second-quarter profit forecast, sending shares down 7 percent even as it promised a strong end to the year.

Reuters Business
Apr 25, 2019

S&P 500 flat as losses in industrials offset gains in Facebook, Microsoft
The S&P 500 was flat on Thursday as gains in Facebook and Microsoft were overshadowed by 3M's bleak quarterly report, which sparked concerns about slowing global growth.

Reuters Business
Apr 25, 2019

U.S. adds another Chinese e-commerce site to 'notorious' IP blacklist
The United States on Thursday added China's third-largest e-commerce platform to its list of "notorious markets" for violations of intellectual property rights and kept China on its priority watch list for piracy and counterfeiting concerns.

Reuters Business
Apr 25, 2019

Brent rises to $75 per barrel after Europe suspends Russian crude exports
Brent crude touched $75 per barrel on Thursday for the first time in nearly six months as quality concerns halted some Russian crude exports to Europe while the United States prepared to tighten sanctions on Iran.

Reuters Business
Apr 25, 2019

Corporate profits and U.S. economy chug along, defying recession fears
After months of handwringing about the possible crash-landing of the housing market, investors awaiting quarterly earnings from No. 3 U.S. homebuilder PulteGroup Inc this week were ready for the worst.

Reuters Business
Apr 25, 2019

Swedbank admits money laundering flaws, faces multiple U.S. probes
Swedbank admitted to failings in combating money laundering on Thursday and said it was under investigation by multiple U.S. authorities, piling more pressure on the bank as it tries to rebuild its reputation.

Reuters Business
Apr 25, 2019

Homebuilder Horton avoids 2019 margin forecast, raises cost worries
D.R. Horton Inc forecast 2019 revenue below Wall Street estimates and did not provide an outlook on gross margin for the year, spooking investors who have been worried about the impact of rising costs on future profits.

Reuters Business
Apr 25, 2019

3M cuts 2019 profit outlook on weak China, shares fall 11 percent
Shares of 3M Co fell 11 percent on Thursday after the U.S. manufacturing conglomerate cut its 2019 earnings forecast and said it would lay off 2,000 workers, citing worsening performance in high-growth markets such as China.

Reuters Business
Apr 25, 2019

Latest subpoena sours Chipotle's quarterly beat
Chipotle Mexican Grill Inc said on Thursday it received another subpoena from U.S. federal prosecutors, seeking information related to an outbreak that left hundreds of people sick last year in one of its Ohio restaurant.

Reuters Business
Apr 25, 2019

Deutsche Bank CEO says to be active player in Europe bank consolidation: Bild
Deutsche Bank's chief executive Christian Sewing wants to be an active player in European banking consolidation, a German newspaper reported on Thursday.

Reuters Business
Apr 25, 2019

Floods stall fertilizer shipments in latest blow to U.S. farmers
Farm supplier CHS Inc has dozens of loaded barges trapped on the flood-swollen Mississippi River near St. Louis - about 500 miles from the company's two Minnesota distribution hubs.

Reuters Business
Apr 25, 2019

Canada watchdog to seek court order to force Facebook to follow privacy laws
Facebook Inc broke Canadian privacy laws when it collected the information of some 600,000 citizens, a top watchdog said on Thursday, pledging to seek a court order to force the social media giant to change its practices.

Reuters Business
Apr 25, 2019

AbbVie raises profit forecast, but Humira concerns weigh on shares
AbbVie Inc's better-than-expected quarterly profit and revenue and raised full-year earnings forecast failed to impress investors who focused on the uncertainty around its blockbuster drug Humira as it struggles against cheaper rivals.

Reuters Business
Apr 25, 2019

Ghosn decries bail conditions limiting contact with his wife
Former Nissan Chairman Carlos Ghosn, who was released on bail from a Tokyo jail on Thursday, said he was grateful bail had been granted but denounced conditions limiting contact with his wife.

Reuters Business
Apr 25, 2019

Google exempt from back taxes in France, appeals court confirms
Google will not have to pay 1.1 billion euros ($1.22 billion) in back taxes demanded by French authorities, an appeals court in France ruled on Thursday, dashing the government's bid to overturn a 2017 decision.

Reuters Business
Apr 25, 2019

Weak industrial earnings drag Wall Street lower
U.S. stocks were pulled lower on Thursday by downbeat earnings from industrial companies, including 3M, although strong results from marquee names Facebook and Microsoft kept the tech-heavy Nasdaq afloat.

Reuters Business
Apr 25, 2019

U.S. capital goods orders hit record high; weekly jobless claims rise
New orders for U.S.-made capital goods increased by the most in eight months in March, hitting their highest level on record and brightening the outlook for manufacturing and the economy.

Reuters Business
Apr 25, 2019

Southwest Airlines says bookings strong, may not always be 737-only carrier
Southwest Airlines Co forecast better-than-expected second-quarter revenue growth on Thursday, citing demand from leisure and business customers, even as the low-cost carrier is forced to cancel flights due to the grounding of Boeing's 737 MAX jets.

Reuters Business
Apr 25, 2019

UK regulator blocks Sainsbury's $9.4 billion takeover of Walmart's Asda
Britain's competition regulator on Thursday blocked Sainsbury's proposed 7.3 billion pound ($9.4 billion) takeover of Walmart owned Asda - a huge blow to the supermarket groups who wanted to combine to overtake market leader Tesco.

Reuters Business
Apr 25, 2019

Bombardier shares sink 15% after forecasts cut for profit, revenue
Canada's Bombardier Inc cut its full-year profit and revenue forecasts on Thursday due to delivery delays and production challenges at some projects of its key railcar-making unit, and shares sank 25 percent in early trading before paring some of those losses.

Reuters Business
Apr 25, 2019

World stocks slip as growth fears linger; euro slides
The dollar rose on Thursday, hitting the highest in almost two years against the euro on an upbeat U.S. capital goods report, while a gauge of world equity markets slid as weak economic data from South Korea and a profit warning from 3M Co renewed concerns about global growth.

Reuters Business
Apr 25, 2019

RBS begins global hunt for CEO to replace McEwan
Royal Bank of Scotland is searching for a new chief executive after Ross McEwan resigned, signaling a fresh start as it heads for full private ownership after a state bailout.

Reuters Business
Apr 25, 2019

Comcast in talks to sell its stake in Hulu to Disney: CNBC
Comcast Corp is in talks to sell its stake in Hulu to Walt Disney Co, CNBC reported on Thursday, citing people familiar with the matter.

Reuters Business
Apr 25, 2019

Commerzbank investor pins hopes on new deal as Deutsche Bank talks collapse
The collapse of merger talks between Commerzbank and Deutsche Bank is good news, a top Commerzbank shareholder said on Thursday, betting that the bank will seek an alternative deal with another European rival.

Reuters Business
Apr 25, 2019

Comcast beats Wall Street profit estimates, explores NBC-Sky news network
Comcast Corp reported first-quarter profit on Thursday that beat Wall Street estimates, boosted by additions of high-speed internet customers in a quarter that painted a mixed picture for the biggest U.S. cable provider.

Reuters Business
Apr 25, 2019

Microsoft market cap touches $1 trillion, pulls above Apple
Microsoft Corp's market value vaulted above the $1 trillion mark for the first time in regular session trade on Thursday, pulling ahead of Apple Inc and making it the most valuable U.S. publicly traded company after quarterly earnings and revenue beat Wall Street expectations.

Reuters Business
Apr 25, 2019

In bail reprise, Ghosn leaves Tokyo jail, agrees to limit contact with wife
Former Nissan Chairman Carlos Ghosn walked out of a Japanese jail for a second time late on Thursday, freed on $4.5 million bail after agreeing to curbs on contacting his wife as he awaits trial on financial misconduct charges.

Reuters Business
Apr 25, 2019

Commerzbank shareholder welcomes Deutsche Bank deal collapse
The collapse of merger talks between Commerzbank and Deutsche Bank is good news, a top Commerzbank shareholder said on Thursday, adding he expects an alternative deal to be struck with another European rival.

Reuters Business
Apr 25, 2019

Canada probe finds Facebook seriously contravened privacy laws
Facebook Inc committed serious contraventions of Canadian privacy law and failed to take responsibility for protecting the personal information of citizens, Canada's federal privacy commissioner said on Thursday.

Reuters Business
Apr 25, 2019

UPS profit miss raises stakes for 2019 holiday season; shares sink 7%
United Parcel Service Inc on Thursday blamed harsh winter weather in the United States as it reported lower-than-expected first-quarter profit, sending shares down more than 7% percent in early trading.

Reuters Business
Apr 25, 2019

3M slump keeps Wall Street under pressure, tech offers support
U.S. stocks slid on Thursday, weighed down by dismal reports from industrial companies including 3M, however strong earnings from Facebook and Microsoft, which hit the trillion-dollar valuation mark, kept the tech-heavy Nasdaq afloat.

Reuters Business
Apr 25, 2019

Drugmakers Astellas, Amgen to pay $125 million in U.S. charity kickback probe
Two drugmakers will pay nearly $125 million to settle claims they used charities that help cover Medicare patients' out-of-pocket drug costs as a way to pay kickbacks aimed at encouraging the use of their medications, the U.S. Justice Department said on Thursday.

Reuters Business
Apr 25, 2019

New capital for Tesla will come at a cost
A capital raise for Tesla Inc will not come cheap and Chief Executive Officer Elon Musk must finally prove to investors that he can produce and deliver Model 3s and higher margin electric cars on time, Wall Street analysts said on Thursday.

Reuters Business
Apr 25, 2019

AbbVie says Humira rivals from Biogen, Amgen most aggressive so far
AbbVie Inc's Chief Executive Officer Richard Gonzalez said on a conference call that rivals Biogen Inc and Amgen Inc had been the most aggressive in Europe with their biosimilar versions of its blockbuster drug Humira.

Reuters Business
Apr 25, 2019

Bombardier shares tank 18% after it cuts profit, revenue forecasts
Canada's Bombardier Inc cut its full-year profit and revenue forecasts on Thursday, as its key railcar-making unit wrestled with delivery delays and manufacturing challenges relating to a few large projects, sending its shares plummeting more than 18 percent in early trading.

Reuters Business
Apr 25, 2019

Bombardier shares plunge after full-year forecast cut
Shares of Bombardier Inc fell as much as 25.3 percent on Thursday after the Canadian plane-and-train maker cut its full-year profit and revenue forecast, wiping out more than C$1.5 billion off its market value.

Reuters Business
Apr 25, 2019

UK regulator blocks Sainsbury's $9.4 billion Asda takeover
Britain's competition regulator on Thursday blocked Sainsbury's proposed 7.3 billion pound ($9.4 billion) takeover of Walmart owned Asda - a huge blow to the supermarket groups who wanted to combine to overtake market leader Tesco.

Reuters Business
Apr 25, 2019

German ambitions evaporate as Deutsche Bank merger talks with Commerzbank collapse
German hopes of creating a national banking champion able to challenge global competitors were dashed on Thursday when Deutsche Bank and Commerzbank ended merger talks due to the risks of doing a deal, restructuring costs and capital demands.

Reuters Business
Apr 25, 2019

Nasdaq hits record high at open on strong tech earnings; 3M weighs on Dow
The tech-heavy Nasdaq index hit a fresh record at the open on Thursday after strong results from Facebook and Microsoft, while a slump in industrial conglomerate 3M weighed on the Dow and limited gains on the S&P.

Reuters Business
Apr 25, 2019

Ex-Nissan boss Ghosn released from Tokyo jail after posting bail
Former Nissan boss Carlos Ghosn, who was indicted this week on fresh charges of financial misconduct, was released from a Japanese jail on Thursday after posting $4.5 million bail and agreeing to conditions including limits on contact with his wife.

Reuters Business
Apr 25, 2019

U.S. core capital goods orders strong; weekly jobless claims surge
New orders for U.S.-made capital goods increased by the most in eight months in March, but a drop in shipments suggested business spending on equipment slowed down in the first quarter.

Reuters Business
Apr 25, 2019

Southwest Airlines says bookings strong even as 737 MAX remains grounded
Southwest Airlines Co forecast better-than-expected second-quarter revenue growth on Thursday, citing demand from leisure and business customers, even as the low-cost carrier is forced to ground its 34 Boeing 737 MAX jets.

Reuters Business
Apr 25, 2019

Chipotle receives subpoena related to Ohio illness incident
Chipotle Mexican Grill Inc said on Thursday it received another subpoena from U.S. federal prosecutors, seeking information related to an outbreak that left hundreds of people sick last year in an Ohio restaurant.

Reuters Business
Apr 25, 2019

Less to lose: Germany's poorer East embraces tech revolution
From the 12th floor of Jenoptik's headquarters, chief executive Stefan Traeger points to his laser factory and the university that provides it with talent. Welcome to "Optics Valley" - a role model for Germany's East in a big year for the region.

Reuters Business
Apr 25, 2019

Japanese court OKs Ghosn's release on bail, rejects prosecutors' appeal: media
Former Nissan Motor Chairman Carlos Ghosn was set to leave a Japanese jail after the Tokyo District Court on Thursday rejected a prosecutors' appeal against its decision to allow his release on bail, Kyodo News and public broadcaster NHK reported.

Reuters Business
Apr 25, 2019

U.S. weekly jobless claims post biggest rise in 19 months
The number of Americans filing applications for unemployment benefits increased by the most in 19 months last week, but the underlying trend continued to point to labor market strength.

Reuters Business
Apr 25, 2019

UK government launches leak inquiry over Huawei discussions: report
Britain's government has launched a leak inquiry over the disclosure of confidential discussions about the role of China's Huawei Technologies in 5G network supply chains, according to the PoliticsHome website.

Reuters Business
Apr 25, 2019

D.R. Horton shares slip as revenue forecast falls short of estimates
D.R. Horton Inc, the biggest U.S. homebuilder, forecast 2019 revenue below Wall Street expectations on Thursday as land and labor shortages continue to constrain the sector, sending its shares down 4 percent.

Reuters Business
Apr 25, 2019

Tesla junk bond spreads widens to a record after big loss
Investors are demanding a record risk premium for holding Tesla Inc's $1.8 billion junk bond after the electric car maker posted a $700 million first-quarter loss and signaled it may be in the market for more capital soon.

Reuters Business
Apr 25, 2019

Southwest Airlines profit beats Wall Street estimate on revenue growth
Southwest Airlines Co beat Wall Street's lowered estimates for first-quarter profit on Thursday, as higher passenger revenue reduced the impact of more than 10,000 flight cancellations caused by winter storms, maintenance disruptions and the grounding of Boeing Co 737 MAX jets.

Reuters Business
Apr 25, 2019

Brent oil hits $75 for first time in 2019 as Russian exports cut
Brent oil rose above $75 per barrel on Thursday for the first time this year as quality concerns forced the suspension of some Russian crude exports to Europe while the United States prepared to tighten sanctions on Iran.

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