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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


Bitcoin slips to around $16,300, futures volumes drop

Tue, 12 Dec 2017 08:56:47 -0500

SINGAPORE (Reuters) - Virtual currency bitcoin dipped slightly from the previous session's record highs on Tuesday, after a month of whirlwind and volatile gains leading up to the launch of bitcoin futures on the weekend.(image)

Trump's push to cut federal jobs has modest impact, mostly in defense

Tue, 12 Dec 2017 07:05:08 -0500

WASHINGTON (Reuters) - President Donald Trump's campaign to shrink the "bloated federal bureaucracy" so far has made a small dent in the federal workforce, and that largely because of a decline in civilian defense jobs.(image)

European property giant makes $16 billion bet on U.S. shopping malls

Tue, 12 Dec 2017 09:22:06 -0500

SYDNEY/MELBOURNE (Reuters) - Unibail-Rodamco, Europe's biggest property group, has agreed to buy shopping mall owner Westfield Corp for $16 billion, marking the biggest takeover of an Australian company and a shift in global retail property to counter online shopping.(image)

Dow opens higher; Fed's rate hike in focus

Tue, 12 Dec 2017 09:36:35 -0500

(Reuters) - The Dow Jones Industrial Average opened higher as energy stocks gained and shares of Boeing touched a record high, while the S&P and the Nasdaq opened flat ahead of the Federal Reserve's policy meeting.(image)

Oil hits two-year-and-a-half year high on pipeline shutdown, stocks take breather

Tue, 12 Dec 2017 08:45:12 -0500

LONDON (Reuters) - Oil prices jumped to their highest in more than two years on Tuesday after the shutdown of a North Sea pipeline knocked out significant supply from an already tightening market.(image)

Comcast drops bid for Fox assets, leaving Disney in pole position

Tue, 12 Dec 2017 07:23:47 -0500

(Reuters) - Comcast Corp said on Monday it had abandoned its bid for most of the assets of Rupert Murdoch’s Twenty-First Century Fox Inc, leaving Walt Disney Co as the sole suitor in pursuit of the $40 billion-plus deal.(image)

PepsiCo makes biggest public pre-order of Tesla Semis: 100 trucks

Tue, 12 Dec 2017 08:33:49 -0500

SEATTLE (Reuters) - PepsiCo Inc has reserved 100 of Tesla Inc's new electric Semi trucks, the largest-known order of the big rig, as the maker of Mountain Dew soda and Doritos chips seeks to reduce fuel costs and fleet emissions, a company executive said on Tuesday.(image)

Sanofi investors hungry for drug progress and deal news

Tue, 12 Dec 2017 06:46:38 -0500

PARIS (Reuters) - Sanofi still needs to convince markets it can deliver on an exciting and sustainable growth path as it contends with fresh difficulties in its vaccines arm and looks set for another gloomy year in diabetes, investors told Reuters.(image)

Icahn calls for new leadership at Xerox

Tue, 12 Dec 2017 09:28:51 -0500

(Reuters) - Activist investor Carl Icahn on Tuesday called for new leadership at Xerox Corp , the maker of printers and copiers, a day after he named four nominees to the company's board of directors.(image)

German watchdog recalls VW Touaregs over defeat devices

Tue, 12 Dec 2017 08:25:44 -0500

HAMBURG/BERLIN (Reuters) - Germany's KBA automotive watchdog on Tuesday announced a recall of Volkswagen's flagship European sport-utility vehicles (SUV) with 3-litre diesel engines after detecting two illicit emissions control devices in the models.(image)