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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



 



Amazon profit slumps 77 percent as costs surge, shares fall

Thu, 27 Jul 2017 17:11:52 -0400

(Reuters) - Amazon.com Inc reported on Thursday a 77 percent slump in quarterly income and forecast a potential operating loss in the current quarter, as the company invests heavily in video content and in fast-growing economies such as India.(image)



Starbucks puts spotlight on China amid U.S. growth worries

Thu, 27 Jul 2017 18:02:41 -0400

LOS ANGELES (Reuters) - Starbucks Corp's new chief executive said the world's biggest coffee chain is making a long-term investment in China, as worries that growth from its dominant U.S. market is cooling.(image)



Wisconsin governor defends $3 billion deal for Foxconn plant

Thu, 27 Jul 2017 17:43:45 -0400

WASHINGTON (Reuters) - Wisconsin Governor Scott Walker on Thursday defended his plan to give a $3 billion tax break over 15 years to convince Taiwanese electronics manufacturer Foxconn to build a $10 billion LCD flat screen factory.(image)



Exclusive: Nordstrom family offers preferential terms to clinch buyout partner - sources

Thu, 27 Jul 2017 15:05:41 -0400

(Reuters) - The group of Nordstrom Inc family members seeking to take the eponymous U.S. department store operator private is offering preferential terms to potential equity partners willing to fund the buyout, people familiar with the matter said.(image)



Tech, transports drag on Wall Street; Dow hits record

Thu, 27 Jul 2017 17:40:16 -0400

(Reuters) - A swoon in technology and transportation shares led the S&P 500 slightly lower on Thursday on a day full of corporate earnings reports, but the Dow industrials set a record closing high, helped by a jump in Verizon.(image)



Verizon in talks to buy WideOpenWest's Chicago network: sources

Thu, 27 Jul 2017 17:20:10 -0400

(Reuters) - U.S. wireless carrier Verizon Communications Inc is in talks to acquire cable operator WideOpenWest Inc's fiber network in the Chicago area for more than $200 million, according to people familiar with the matter.(image)



Trump Hotels talking to about 10 new franchisees for midscale brand

Thu, 27 Jul 2017 18:14:18 -0400

NEW YORK (Reuters) - Trump Hotels, diversifying from a longtime focus on the luxury market, has about 10 hotels in the pipeline for its recently announced midscale American Idea chain, Chief Executive Eric Danziger said in an interview with Reuters.(image)



U.S. durable goods, trade data boost second-quarter growth estimate

Thu, 27 Jul 2017 12:55:34 -0400

WASHINGTON (Reuters) - Shipments of key U.S.-made capital goods increased in June for a fifth straight month, suggesting that business spending on equipment helped to boost economic growth in the second quarter.(image)



Booming stocks and credit, falling U.S. dollar seen giving Fed cover to hike

Thu, 27 Jul 2017 16:26:47 -0400

NEW YORK (Reuters) - Despite analysts' chatter that sluggish inflation may prevent the Federal Reserve from raising interest rates further soon, the rosy scene in financial markets might allow U.S. policy-makers to squeeze in another rate hike this year after all.(image)



U.S. likely to approve Fiat Chrysler's 2017 diesels: sources

Thu, 27 Jul 2017 18:03:52 -0400

WASHINGTON (Reuters) - U.S. and California regulators are expected to approve Fiat Chrysler Automobiles’ request to sell 2017 diesel vehicles, two sources said on Thursday – a move that may help the Italian-American automaker win approval for a software fix for older diesel models.(image)