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Google teams up with China's Tencent

Fri, 19 Jan 2018 18:25:53 -0500

Alphabet's Google signed a patent licensing deal with Tencent as it looks to expand in China where many of its products are blocked by regulators. Aleksandra Michalska reports.

Wall St. rises as govt. shutdown looms

Fri, 19 Jan 2018 18:09:10 -0500

The S&P 500 and Nasdaq closed at record highs despite the potential of a government shutdown. Fred Katayama reports.

Wall Street cuts bonuses

Fri, 19 Jan 2018 18:08:55 -0500

Some traders at the largest Wall Street banks are about to get big, fat zeroes for bonuses while they watch markets thrive. Aleksandra Michalska reports.

Avoid defensive sectors, says Eric Wiegand

Fri, 19 Jan 2018 15:37:49 -0500

U.S. Bank's senior portfolio strategist tells Reuters' Fred Katayama he favors growth and cyclical stocks.

Autonomous driving not around the bend

Fri, 19 Jan 2018 12:32:57 -0500

Don't expect to be driving autonomous cars any time soon, say analysts. And as Fred Katayama reports, you may not even own such a car when they become a reality.

EXCLUSIVE: Most U.S. states lost coal mining jobs in 2017

Fri, 19 Jan 2018 12:15:15 -0500

Nearly two-thirds of U.S. coal producing states lost coal mining jobs in 2017, even as overall employment in the downtrodden sector grew modestly, according to preliminary government data obtained by Reuters.

Schlumberger's revenue spurts higher

Fri, 19 Jan 2018 11:39:46 -0500

A rise in drilling by shale producers drove Schlumberger's revenue 15 percent higher in the latest quarter. But as Fred Katayama reports, its loss widened as the oilfield services provider took charges.

Britain's banks to support firms hit by Carillion

Fri, 19 Jan 2018 10:35:44 -0500

Britain's biggest banks have announced a range of measures to support firms and contractors hit by the collapse of construction outsourcing company Carillion, amid continuing questions over who among its personnel will get paid. Ciara Lee reports.

Luxury watchmaker Audemars embraces second-hand

Fri, 19 Jan 2018 10:01:36 -0500

Swiss luxury watchmaker Audemars Piguet said it would launch a second-hand business this year, becoming the first big brand to announce plans to tap into a fast-growing market for pre-owned premium watches. Scarlett Cvitanovich reports.

Koreans join backlash against Apple iPhone slowdown

Fri, 19 Jan 2018 09:27:36 -0500

A South Korean consumer group has filed a criminal complaint against Apple CEO Tim Cook over slower iPhone devices, after probes in Europe into allegations the firm had deliberately shortened the life of its handsets. Amy Pollock reports.

December retail slide caps off tough year for UK consumers

Fri, 19 Jan 2018 09:13:34 -0500

British shop sales slid by much more than expected in December, capping off the weakest year for retail since 2013 as consumers squeezed by high inflation continued to keep a tight grip on spending. Ciara Lee reports.

Global markets: oil slides, dollar in the dumps

Fri, 19 Jan 2018 09:12:49 -0500

Share markets continue to take heart after China's GDP data adds more brushstrokes to an improving global growth picture. But, as David Pollard reports, fears of a US government shutdown dominate the dollar, and oil prices slide sharply on supply concerns.

Saxophone maker braces for ownership change

Fri, 19 Jan 2018 04:20:57 -0500

The logo is over a century old but it's the end of an era for this French manufacturer which produces what are considered among the best saxophones in the world as it prepares to hand over the reins of the family business to an investment fund. Francis Maguire reports.

Amazon shortlists 20 cities for second headquarters

Thu, 18 Jan 2018 18:14:46 -0500

Amazon has short-listed 20 cities and regions, including one in Canada, for the construction of a second headquarters that it says will generate 50,000 new, high-paying jobs. Aleksandra Michalska reports.

WhatsApp looks to business users to make money

Thu, 18 Jan 2018 17:37:05 -0500

Facebook's popular messaging app WhatsApp is looking to make money. And it's moving in on business users. On Thursday WhatsApp said it was launching business accounts for the first time - a free service for now.

Health workers shielded under “religious freedom” protection

Thu, 18 Jan 2018 16:33:58 -0500

The U.S. government is seeking to protect the “conscience and religious freedom” of health workers whose beliefs prevent them from carrying out abortions and other procedures.

Apple to pay $38 billion in U.S. taxes, open a new campus

Thu, 18 Jan 2018 06:08:30 -0500

Thanks to the GOP tax bill, Apple will be able to bring back its treasure trove of cash parked overseas. That means a $38 billion check for uncle Sam, but also a new campus for Apple in the U.S.

Exclusive: Amazon to cut back on indie films: sources

Thu, 18 Jan 2018 06:04:39 -0500's movie studio plans to scale back its work on indie films as it puts resources into more lucrative commercial projects, people familiar with the matter told Reuters.

Your future self-driving car may still be far away

Thu, 18 Jan 2018 06:04:31 -0500

From Las Vegas to Detroit, tech startups and carmakers are showing off their autonomous vehicle technology. But it's still too pricey, making it hard to get consumers behind the wheel for now.

Cyber security startups stumble despite hacking frenzy

Thu, 18 Jan 2018 05:30:15 -0500

These are not great days for cyber security companies looking to make stock market debuts as fortunes quickly get erased by an inability to keep up with hackers, competition from well-established players, and a change in the way large corporations buy cyber protection.