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Reuters: Business News



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Jobs lift U.S. consumer confidence to near 16-year high

Tue, 25 Jul 2017 13:13:02 -0400

WASHINGTON (Reuters) - U.S consumer confidence jumped to a near 16-year high in July amid optimism over the labor market while house prices maintained their upward trend in May, which could boost consumer spending after recent sluggishness.(image)



Earnings, bank shares propel S&P 500 to record high

Tue, 25 Jul 2017 18:24:04 -0400

(Reuters) - The S&P 500 climbed to an all-time high on Tuesday on a heavy day of corporate results highlighted by well-received reports from McDonald's and Caterpillar and gains for bank shares.(image)



AT&T's quarterly profit tops Wall Street estimates, shares rise

Tue, 25 Jul 2017 18:05:07 -0400

NEW YORK (Reuters) - AT&T Inc's quarterly profit topped Wall Street estimates on Tuesday as the No. 2 U.S. wireless carrier lowered operating costs and introduced new promotions bundling video with phone service that helped it compete in a fierce market for customers.(image)



Chipotle posts higher profit; links sick worker to latest Norovirus outbreak

Tue, 25 Jul 2017 18:00:39 -0400

LOS ANGELES (Reuters) - Chipotle Mexican Grill Inc's quarterly profit more than doubled on stronger sales, fewer giveaways and lower labor costs, as the burrito seller tries to win back customers after several food safety lapses tarnished its brand.(image)



House panel wants Google, Facebook, AT&T CEOs to testify on internet rules

Tue, 25 Jul 2017 16:26:51 -0400

WASHINGTON (Reuters) - The chairman of the U.S. House Energy and Commerce Committee on Tuesday asked chief executives from companies representing the two sides of the net neutrality debate, including Alphabet, Facebook, AT&T and Verizon, to testify at a Sept. 7 hearing.(image)



Apple CEO promised to build 3 'big' plants in U.S., Trump tells WSJ

Tue, 25 Jul 2017 17:25:13 -0400

(Reuters) - Apple Inc Chief Executive Tim Cook has committed to build three big manufacturing plants in the United States, the Wall Street Journal quoted U.S. President Donald Trump as saying.(image)



Geek fight! Musk says Zuckerberg naive about killer robots

Tue, 25 Jul 2017 16:54:44 -0400

SAN FRANCISCO (Reuters) - Silicon Valley baron Elon Musk insulted rival billionaire Mark Zuckerberg on Tuesday, escalating a tech wizard war of words over whether robots will become smart enough to kill their human creators.(image)



BMW halts project talks after Daimler blew whistle: Sueddeutsche

Tue, 25 Jul 2017 15:00:19 -0400

BERLIN (Reuters) - BMW has suspended talks with Daimler on future cooperation projects after its rival disclosed alleged collusion among German carmakers to cartel authorities, Sueddeutsche Zeitung reported on Tuesday, citing industry sources.(image)



Options traders bullish on Facebook ahead of second-quarter results

Tue, 25 Jul 2017 16:49:42 -0400

NEW YORK (Reuters) - As Facebook Inc geared up to report second-quarter results on Wednesday, traders in the options market are exhibiting a greater degree of bullishness in more than a year, options data showed.(image)



Custom burgers, $1 drinks boost McDonald's sales; shares jump

Tue, 25 Jul 2017 14:36:12 -0400

(Reuters) - McDonald's Corp on Tuesday posted its biggest jump in global sales at established restaurants in five years, helped by stronger traffic worldwide and U.S. initiatives including drink specials and custom sandwiches.(image)