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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


Wall Street drops on Trump's threats of government shutdown, NAFTA end

Wed, 23 Aug 2017 10:09:25 -0400

(Reuters) - U.S. stocks opened sharply lower on Wednesday, giving back some gains from a day earlier, after President Donald Trump warned of a government shutdown to build the Mexico border wall and also threatened to scrap a trade agreement with Mexico and Canada.(image)

True price of an Uber ride in question as investors assess firm's value

Wed, 23 Aug 2017 07:36:28 -0400

SAN FRANCISCO (Reuters) - What is the true cost of an Uber ride?(image)

Lowe's misses earnings estimates, forecasts slower margins growth

Wed, 23 Aug 2017 07:16:54 -0400

(Reuters) - Lowe's Companies Inc on Wednesday reported lower-than-expected quarterly earnings and warned of slower growth in profit margins, as it spends more on marketing to boost sales in a robust home improvement market.(image)

U.S. new home sales fall to seven-month low

Wed, 23 Aug 2017 10:08:19 -0400

WASHINGTON (Reuters) - New U.S. single-family home sales unexpectedly fell in July, dropping to their lowest level in seven months, which could raise concerns of a slowdown in the housing market recovery.(image)

Wal-Mart to enter voice-shopping market via Google platform

Wed, 23 Aug 2017 00:37:37 -0400

CHICAGO (Reuters) - Wal-Mart Stores Inc is teaming up with Alphabet Inc's Google to enter the nascent voice-shopping market, currently dominated by Inc , adding another front to Wal-Mart's battle with the online megastore.(image)

Israel's El Al counts on new Boeing 787s to lure back customers

Wed, 23 Aug 2017 09:35:15 -0400

BEN GURION AIRPORT, Israel (Reuters) - El Al Israel Airlines took delivery of its first Boeing 787 Dreamliner aircraft on Wednesday in a $1.25 billion investment aimed at renewing its long-range fleet, halting a drop in its market share and winning back business customers.(image)

Massive California verdict expands J&J's talc battlefield

Wed, 23 Aug 2017 07:10:53 -0400

NEW YORK (Reuters) - A massive California verdict in a lawsuit alleging Johnson & Johnson's talc-based products cause cancer has opened a new front in the litigation, upending the company's hopes that the cases were only gaining traction in Missouri, legal experts said.(image)

Toshiba sells $58.5 million in shares of Mitsubishi UFJ: source

Wed, 23 Aug 2017 06:49:04 -0400

TOKYO (Reuters) - Japan's Toshiba Corp sold $58.5 million worth of shares in Mitsubishi UFJ Financial Group on Wednesday, a source told Reuters, as the conglomerate struggles with losses from its bankrupt U.S. nuclear business.(image)

Toshiba prioritizes talks with Western Digital on chips business sale: Nikkei

Wed, 23 Aug 2017 00:17:02 -0400

TOKYO (Reuters) - Japan's Toshiba Corp is prioritizing talks with Western Digital to sell its memory chip business, as negotiations with a previously preferred bidder have stalled, the Nikkei business daily reported on Wednesday.(image)

Cheap oil undercuts U.S. rail, bus service: study

Wed, 23 Aug 2017 09:08:58 -0400

DETROIT (Reuters) - Cheap gasoline is squeezing U.S. bus companies and the Amtrak passenger rail system that bet more consumers would embrace alternatives to driving for trips shorter than 400 miles, a study by researchers at DePaul University concluded.(image)