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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 adds to record rally on strong earnings

Thu, 27 Jul 2017 11:20:22 -0400

(Reuters) - Wall Street continued its record run on Thursday, powered by a barrage of strong quarterly earnings, particularly from Facebook and Verizon.(image)

Exclusive: Not Made in America - Wal-Mart looks overseas for online vendors

Thu, 27 Jul 2017 08:29:06 -0400

CHICAGO (Reuters) -, trailing Inc in the number of goods for sale on its website, is recruiting vendors in China and other countries to boost its online offerings in a pivot away from Wal-Mart's Made-in-America campaign.(image)

U.S. durable goods, trade data boost second-quarter growth estimate

Thu, 27 Jul 2017 11:40:28 -0400

WASHINGTON (Reuters) - New orders for key U.S.-made capital goods unexpectedly fell in June, but a fifth straight monthly increase in shipments suggested that business spending on equipment helped to boost economic growth in the second quarter.(image)

Exclusive: Saudi Aramco advisers favor London for historic IPO - sources

Thu, 27 Jul 2017 11:44:46 -0400

DUBAI/LONDON (Reuters) - Saudi Aramco's advisers have recommended London for the historic listing of the oil company, with U.S. disclosure rules a concern for Saudi authorities, sources familiar with the matter told Reuters.(image)

Facebook shares surge as results quash fears of slowing growth

Thu, 27 Jul 2017 10:06:58 -0400

(Reuters) - Shares of Facebook Inc touched a record high on Thursday on the back of overwhelmingly positive quarterly results, adding more than $27 billion to its market value.(image)

U.S. regulators to approve fix for more than 300,000 VW diesels: sources

Thu, 27 Jul 2017 12:35:08 -0400

WASHINGTON (Reuters) - The U.S. Environmental Protection Agency and California Air Resources Board will approve later on Thursday a fix for more than 300,000 older Volkswagen AG diesel cars, two people briefed on the matter said.(image)

Wells Fargo sues insurance unit bidder over executives poaching

Thu, 27 Jul 2017 11:50:37 -0400

WILMINGTON, Del (Reuters) - Alliant Insurance Services Inc is using confidential information obtained during a failed bid for Wells Fargo & Co's commercial insurance business to poach top sales executives, according to a lawsuit filed by a Wells Fargo unit.(image)

Twitter shares tumble as flat user growth disappoints investors

Thu, 27 Jul 2017 10:10:38 -0400

(Reuters) - Twitter Inc shares opened more than 10 percent lower on Thursday after the social media platform disappointed investors with stagnant monthly active user growth in the second quarter.(image)

Germany recalls Porsche Cayenne models over illegal emissions software

Thu, 27 Jul 2017 11:58:29 -0400

BERLIN (Reuters) - German Transport Minister Alexander Dobrindt on Thursday announced a recall of Porsche 3-litre Cayenne cars after finding illegal emissions controlling software in the vehicles.(image)

'High Times' ready to roll with public offering

Thu, 27 Jul 2017 10:19:30 -0400

(Reuters) - The publisher of marijuana enthusiast magazine, "High Times," plans to take the company public, High Times Holding Corp announced Thursday, as an increasing number of U.S. states legalize the drug.(image)