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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


Zuckerberg says Facebook made mistakes on user data, vows curbs

Wed, 21 Mar 2018 21:23:10 -0400

SAN FRANCISCO (Reuters) - Facebook Inc Chief Executive Mark Zuckerberg said on Wednesday that his company made mistakes in how it handled data belonging to 50 million of its users and promised tougher steps to restrict developers' access to such information.(image)

Dollar on defensive after Fed, trade worries nag shares

Wed, 21 Mar 2018 21:21:38 -0400

TOKYO (Reuters) - The U.S. dollar was on the defensive on Thursday after posting its largest loss in two months when the Federal Reserve turned out to be less hawkish than anticipated.(image)

Arizona police release video of fatal collision with Uber self-driving SUV

Wed, 21 Mar 2018 21:14:30 -0400

TEMPE, Ariz./SAN FRANCISCO (Reuters) - Police in Arizona on Wednesday released a short video of a fatal collision between an Uber self-driving vehicle and a pedestrian, as investigators probe the accident that has put new focus on the safety of autonomous vehicles.(image)

Fed lifts rates, signals tougher stance as economy strengthens

Wed, 21 Mar 2018 19:08:08 -0400

WASHINGTON (Reuters) - The U.S. Federal Reserve raised interest rates on Wednesday and forecast at least two more hikes for 2018, highlighting its growing confidence that tax cuts and government spending will boost the economy and inflation and spur more aggressive future tightening.(image)

Trump set for China tariff announcement on Thursday, trade war fears grow

Wed, 21 Mar 2018 21:17:05 -0400

WASHINGTON (Reuters) - President Donald Trump will announce tariffs on Chinese imports on Thursday, a White House official said, in a move aimed at curbing theft of U.S. technology and likely to trigger retaliation from Beijing and stoke fears of a global trade war.(image)

Starbucks' mobile order push meets resistance from ritual seekers

Wed, 21 Mar 2018 20:42:32 -0400

LOS ANGELES (Reuters) - Starbucks Corp wants more people to use its time-saving mobile ordering app that lets customers buy drinks without waiting in line.(image)

Meredith to cut about 1,200 jobs, sell some Time publications

Wed, 21 Mar 2018 20:11:44 -0400

(Reuters) - U.S. media company Meredith Corp said on Wednesday it cut about 200 jobs and would lay off another 1,000 as it streamlines its operations following the completion of its Time Inc acquisition.(image)

Bayer wins EU approval for $62.5 billion Monsanto buy

Wed, 21 Mar 2018 19:14:25 -0400

BRUSSELS (Reuters) - German conglomerate Bayer won EU antitrust approval on Wednesday for its $62.5 billion buy of U.S. peer Monsanto, the latest in a trio of mega mergers that will reshape the agrochemicals industry.(image)

Tesla shareholders approve CEO Musk's $2.6 billion compensation plan

Wed, 21 Mar 2018 19:01:01 -0400

SAN FRANCISCO/BOSTON (Reuters) - Shareholders of electric car company Tesla Inc approved a compensation package potentially worth $2.6 billion for Chief Executive Officer Elon Musk on Wednesday, though by a lower margin than U.S. CEOs typically receive on pay votes.(image)

Government official says GM Korea finds it hard to share information about global strategies

Wed, 21 Mar 2018 20:57:22 -0400

SEOUL (Reuters) - South Korea's vice finance minister said on Thursday there is tension between GM Korea and the Korea Development Bank because the U.S. automaker isn't sharing internal information about the company necessary for the bank to carry out due diligence.(image)