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Reuters: Business News



Reuters.com 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



 



Wall St. falters as Senate delays health vote

Tue, 27 Jun 2017 16:57:29 -0400

(Reuters) - The tech-heavy Nasdaq led a broad Wall Street decline on Tuesday with stocks falling more sharply after a healthcare bill was delayed in the U.S. Senate, raising fresh questions about President Trump's domestic agenda.(image)



Fed's Yellen expects no new financial crisis in 'our lifetimes'

Tue, 27 Jun 2017 15:24:31 -0400

LONDON (Reuters) - U.S. Federal Reserve Chair Janet Yellen said on Tuesday that she does not believe that there will be another financial crisis for at least as long as she lives, thanks largely to reforms of the banking system since the 2007-09 crash.(image)



Google faces years of EU oversight on top of record antitrust fine

Tue, 27 Jun 2017 14:54:45 -0400

BRUSSELS/FRANKFURT (Reuters) - Beyond a headline-grabbing 2.4 billion euro ($2.7 billion) fine EU antitrust regulators have leveled against Google, the internet giant is likely to be shackled for years by Tuesday's precedent-setting decision defining the company as a monopoly.(image)



Nestle plans $20.8 billion share buyback amid Third Point pressure

Tue, 27 Jun 2017 15:41:51 -0400

LONDON/ZURICH (Reuters) - Nestle plans to buy back as much as 20 billion Swiss francs ($20.8 billion) worth of shares over three years, it said on Tuesday, days after U.S. activist shareholder Third Point LLC began a campaign to boost performance at the company.(image)



U.S. antitrust lawsuit against Qualcomm to proceed, judge rules

Tue, 27 Jun 2017 16:04:59 -0400

(Reuters) - The Federal Trade Commission's antitrust lawsuit against Qualcomm Inc can proceed, a federal judge ruled late on Monday, meaning the iPhone chip supplier must now wage a fight with U.S. regulators even as it contests a separate $1 billion lawsuit filed by Apple Inc .(image)



Sprint shares jump on cable wireless talks, T-Mobile sinks

Tue, 27 Jun 2017 15:42:36 -0400

(Reuters) - Sprint Corp shares jumped as much as 6 percent on Tuesday on news the carrier is in talks with Charter Communications Inc and Comcast Corp about a wireless partnership, a move that added a new dimension to speculation about possible telecom sector tie-ups.(image)



Oil up almost 2 percent on weaker dollar, short-covering

Tue, 27 Jun 2017 16:56:17 -0400

NEW YORK (Reuters) - Oil prices rose nearly 2 percent and hit a one-week high on Tuesday, boosted by a weaker dollar, short covering and expectations that crude inventories in the United States may decline for a third consecutive week.(image)



Delaware top court rules for Chicago Bridge in Westinghouse dispute

Tue, 27 Jun 2017 15:03:19 -0400

WILMINGTON, Del. (Reuters) - The Delaware Supreme Court ruled in favor of Chicago Bridge & Iron Co on Tuesday in a $2 billion dispute with Westinghouse Electric Co that stems from cost overruns at a pair of unfinished U.S. nuclear power plants.(image)



Wells Fargo to sell commercial insurance business

Tue, 27 Jun 2017 09:53:01 -0400

(Reuters) - Wells Fargo & Co said on Tuesday it agreed to sell its commercial insurance business to private insurer USI Insurance Services, as the third-largest U.S. bank plans to focus on core banking products and services.(image)



BlackRock makes technology deal in cash management business

Tue, 27 Jun 2017 11:35:29 -0400

(Reuters) - BlackRock , the world's biggest asset manager, on Tuesday said it would buy a software company that helps businesses invest their cash, marking its second investment in a technology firm this month.(image)