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Reuters: Business News is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial in


Pound quivers near three-month low, stocks weak before May's Brexit stance speech

Tue, 17 Jan 2017 01:13:05 -0500

TOKYO (Reuters) - The pound hovered near three-month lows versus the dollar on Tuesday and stocks were mostly weaker as investors waited for British Prime Minister Theresa May to lay out plans to exit the European Union amid fears Britain will lose access to the single market.(image)

Bankrupt U.S. retailer American Apparel starts layoffs

Mon, 16 Jan 2017 20:28:29 -0500

(Reuters) - American Apparel LLC said it had started to lay off staff on Monday, after Canadian apparel maker Gildan Activewear Inc withdrew its initial plan to acquire some of the bankrupt U.S. fashion retailer's manufacturing operations.(image)

Trump calls corporate tax border adjustment 'too complicated': WSJ

Mon, 16 Jan 2017 23:21:11 -0500

(Reuters) - U.S. President-elect Donald Trump says the border adjustment provision, a feature of House Republicans' corporate-tax plan, is "too complicated", the Wall Street Journal reported on Monday.(image)

Wilbur Ross, Trump's Commerce pick, offshored 2,700 jobs since 2004

Tue, 17 Jan 2017 01:27:12 -0500

WASHINGTON (Reuters) - Billionaire Wilbur Ross, chosen by Donald Trump to help implement the president-elect's trade agenda, earned his fortune in part by running businesses that have offshored thousands of U.S. jobs, according to Labor Department data attained by Reuters.(image)

Luxottica and Essilor in 46 billion euro merger to create eyewear giant

Mon, 16 Jan 2017 20:35:11 -0500

MILAN/PARIS (Reuters) - Italy's Luxottica and France's Essilor have agreed a 46 billion euro ($49 billion) merger to create a global eyewear powerhouse with annual revenue of more than 15 billion euros.(image)

Oil prices mixed on Saudi commitment to cut output, investor scepticism

Tue, 17 Jan 2017 01:00:55 -0500

SINGAPORE (Reuters) - Oil markets were mixed on Tuesday, supported by growth in U.S. crude production and Saudi Arabia saying it would strictly adhere to a commitment to cut output, but held back by scepticism in financial markets that oversupply would be curbed.(image)

Honda says Takata airbag ruptured in Japan, caused minor injury

Tue, 17 Jan 2017 00:38:14 -0500

TOKYO (Reuters) - Honda Motor Co said on Tuesday that an air bag made by Takata Corp had ruptured in one of its cars in Japan, resulting in a minor injury to the car's driver.(image)

VW charges in U.S. breach German constitution, says defendant's lawyer

Mon, 16 Jan 2017 12:11:33 -0500

BERLIN (Reuters) - A lawyer for one of the Volkswagen executives charged last week by U.S. prosecutors over the company's diesel emissions scandal said the way they handled the legal process would have been unconstitutional under German law.(image)

Buffett's Berkshire Hathaway wins reinsurance licence in Malaysia

Tue, 17 Jan 2017 00:00:12 -0500

KUALA LUMPUR (Reuters) - Warren Buffett's Berkshire Hathaway has won a licence to provide reinsurance services in Malaysia, the billionaire investor's group said, as it expands operations in Asia.(image)

General Motors to announce $1 billion in U.S. investment

Mon, 16 Jan 2017 21:57:42 -0500

WASHINGTON, (Reuters) - General Motors Co will announce as early as Tuesday long-held plans to invest about $1 billion in its U.S. factories, following recent criticism of the company by President-elect Donald Trump, a person briefed on the matter told Reuters late on Monday.(image)