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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


Trump tax plan will sharply slash corporate tax rates

Tue, 25 Apr 2017 22:30:45 -0400

WASHINGTON (Reuters) - U.S. President Donald Trump is proposing to slash the corporate income tax rate and offer multinational businesses a steep tax break on overseas profits brought into the United States, officials said late on Tuesday.(image)

Asian stocks near two-year high on U.S. optimism, euro steady

Wed, 26 Apr 2017 01:48:53 -0400

HONG KONG (Reuters) - Asian stocks extended gains for a fifth consecutive day on Wednesday, as renewed optimism about the world's biggest economy brightened the outlook for risky assets while the euro held on to previous gains as political concerns in France ebbed.(image)

Wells Fargo board gets black eye in shareholder vote

Tue, 25 Apr 2017 17:55:36 -0400

PONTE VEDRA BEACH, Fla./BOSTON (Reuters) - Wells Fargo & Co shareholders showed displeasure with the scandal-hit bank's board on Tuesday, offering scant support for a dozen directors, including Chairman Stephen Sanger, in a vote capping a contentious annual meeting.(image)

South Korea court says Uber violated transport law, latest setback for U.S. firm

Wed, 26 Apr 2017 04:19:05 -0400

SEOUL (Reuters) - A South Korean court on Wednesday ruled that the ride-hailing group Uber Technologies Inc illegally used private vehicles for commercial purposes, in the latest legal setback for the U.S. firm in Asia's fourth biggest economy.(image)

Toshiba plans to replace auditor PwC after earnings impasse

Wed, 26 Apr 2017 00:49:51 -0400

TOKYO (Reuters) - Toshiba Corp, the troubled Japanese conglomerate, wants to replace auditor PricewaterhouseCoopers Aarata (PwC) to resolve an impasse over full-year earnings and remain listed, two sources briefed on the matter said.(image)

Tyson Foods eyes higher wages as U.S. labor market tightens

Wed, 26 Apr 2017 01:16:31 -0400

CHICAGO (Reuters) - Tyson Foods Inc , the biggest U.S. chicken company, said on Wednesday it may raise wages again for workers at all of its poultry plants, a sign of an intensifying battle for employees in a tightening labor market.(image)

Credit Suisse to raise $4 billion in rights issue, ditches Swiss unit IPO

Wed, 26 Apr 2017 01:26:37 -0400

ZURICH (Reuters) - Credit Suisse will raise around 4 billion Swiss francs ($4 billion) through a rights offering to catch up to European rivals on capital, ditching plans to float a minority stake in its Swiss banking unit.(image)

Mining giants race to fill board leadership gaps

Wed, 26 Apr 2017 04:42:45 -0400

LONDON (Reuters) - Three of the world's biggest miners are hunting for new leaders for their boards at a time when the industry faces questions from investors about its conventional diversified business operations and strategies for growth.(image)

McDonald's drops plan to sell shares in Japan unit

Tue, 25 Apr 2017 23:43:31 -0400

TOKYO (Reuters) - McDonald's Corp has put on hold plans to sell shares in its Japan unit, which recently returned to profit for the first time in three years after a series of food scandals shook consumer confidence in the chain.(image)

Daimler says diesel probes could result in penalties, recalls

Wed, 26 Apr 2017 03:58:03 -0400

FRANKFURT (Reuters) - Daimler on Wednesday reiterated that recent steps by United States authorities to investigate diesel emissions pollution and so-called auxiliary emission control devices could lead to significant penalties and vehicle recalls.(image)