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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


Asia joins global stocks rally, dollar buoyant before Jackson Hole

Tue, 22 Aug 2017 20:44:59 -0400

TOKYO (Reuters) - Asian stocks edged higher on Wednesday to extend a global rally spurred by gains for tech shares on Wall Street and miners in Europe, while the dollar was buoyant against the euro and yen ahead of a meeting of central bankers later in the week.(image)

As tax debate heats up, Republicans tweak business interest plan

Tue, 22 Aug 2017 16:54:12 -0400

WASHINGTON (Reuters) - Congressional Republicans, seeking to address the complaints of small businesses, are floating changes to their controversial proposal to eliminate business tax deductions for debt interest payments, business lobbyists said on Tuesday.(image)

Massive California verdict expands J&J's talc battlefield

Tue, 22 Aug 2017 17:54:13 -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)

Chevron CEO Watson to step down, Wirth likely successor: source

Tue, 22 Aug 2017 18:35:13 -0400

HOUSTON (Reuters) - Chevron Corp Chief Executive John Watson will step down by the end of next month and likely be replaced by Vice Chairman Mike Wirth, a source familiar with the matter told Reuters on Tuesday.(image)

North American exodus at PetroChina sparks speculation of company shift

Tue, 22 Aug 2017 20:28:52 -0400

NEW YORK (Reuters) - A flurry of departures across the U.S. and Canadian units of Chinese state energy firm PetroChina Co Ltd have sparked speculation that the oil trader is reducing its presence in North America, even though the company says it is committed to the region.(image)

Blackstone explores IPO of Gates Global: sources

Tue, 22 Aug 2017 20:52:43 -0400

(Reuters) - Private equity firm Blackstone Group LP is exploring an initial public offering (IPO) of Gates Global LLC, three years after it acquired the U.S. auto parts and building products maker for $5.4 billion, people familiar with the matter said on Tuesday.(image)

Mutual funds mark down investments in Uber by up to 15 percent: WSJ

Tue, 22 Aug 2017 22:15:54 -0400

(Reuters) - Four mutual fund companies have marked down their investments in Uber Technologies Inc [UBER.UL] by as much as 15 percent following the ride-hailing company's scandal-ridden year, the Wall Street Journal reported on Tuesday.(image)

U.S. targets Chinese, Russia entities for helping North Korea

Tue, 22 Aug 2017 16:52:48 -0400

WASHINGTON (Reuters) - The United States on Tuesday imposed new North Korea-related sanctions, targeting Chinese and Russian firms and individuals for supporting Pyongyang's weapons programs, but stopped short of an anticipated focus on Chinese banks.(image)

Toshiba prioritizes talks with Western Digital on chips business: Nikkei

Tue, 22 Aug 2017 19:22:40 -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)

Google touts Titan security chip to market cloud services

Tue, 22 Aug 2017 17:12:12 -0400

SAN FRANCISCO (Reuters) - Alphabet Inc’s Google this week will disclose technical details of its new Titan computer chip, an elaborate security feature for its cloud computing network that the company hopes will enable it to steal a march on Inc and Microsoft Corp .(image)