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Reuters: Business News



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Amazon's automated grocery store of the future opens Monday

Sun, 21 Jan 2018 11:28:41 -0500

SEATTLE (Reuters) - Amazon.com Inc will open its checkout-free grocery store to the public on Monday after more than a year of testing, the company said, moving forward on an experiment that could dramatically alter brick-and-mortar retail.(image)



Stock-focused hedge funds post biggest gains among top performers

Sun, 21 Jan 2018 17:04:09 -0500

BOSTON (Reuters) - Hedge funds managers who bet on stocks scored some of the industry's biggest gains in 2017, when equity markets galloped past a series of critical milestones, according to a new list of the top 20 all-time performers.(image)



Advent in talks to buy 50 percent of Wal-Mart's Brazilian unit: report

Sun, 21 Jan 2018 16:22:22 -0500

SAO PAULO (Reuters) - Private equity firm Advent is in talks to buy 50 percent of Wal-Mart Stores Inc's operations in Brazil, according to a report in Brazil's O Globo newspaper on Sunday.(image)



ADM pursues big ag merger with grain trader Bunge: source

Sat, 20 Jan 2018 12:36:11 -0500

CHICAGO/CALGARY, Alberta (Reuters) - Top U.S. grain merchant Archer Daniels Midland Co has proposed a takeover of Bunge Ltd , according to a person familiar with the approach, which could set up a bidding war with Swiss-based rival Glencore Plc .(image)



Contrite Facebook executives seek to ward off more European rules

Sun, 21 Jan 2018 11:42:21 -0500

MUNICH (Reuters) - Facebook executives are fanning out across Europe this week to address the social media giant’s slow response to abuses on its platform, seeking to avoid further legislation along the lines of a new hate speech law in Germany it says goes too far.(image)



Audi ordered to recall 127,000 vehicles over emissions: paper

Sun, 21 Jan 2018 11:18:44 -0500

FRANKFURT (Reuters) - Germany's KBA automotive watchdog has detected illicit emission-control software in Audi's latest Euro-6 diesel models and has ordered a recall of 127,000 vehicles, Bild am Sonntag reported.(image)



SoFi in talks with top Twitter exec about CEO position: WSJ

Sat, 20 Jan 2018 23:39:12 -0500

(Reuters) - Social Finance Inc (SoFi) is in discussions with Anthony Noto, a top Twitter Inc executive, to become the online lender's chief executive, the Wall Street Journal reported on Saturday, citing sources.(image)



Twitter to notify users exposed to Russian propaganda during U.S. elections

Sat, 20 Jan 2018 02:13:16 -0500

(Reuters) - Twitter Inc , which is reviewing Russian interference during the 2016 U.S. elections, said on Friday it would notify some of its users whether they were exposed to content generated by a suspected Russian propaganda service.(image)



Oil producers will cooperate beyond 2018, says Saudi Arabia

Sun, 21 Jan 2018 09:54:50 -0500

MUSCAT (Reuters) - Global oil producers are in agreement that they should continue cooperating on production after their deal on supply cuts expires at the end of this year, Saudi Arabia's energy minister Khalid al-Falih said on Sunday.(image)



Wall Street Week Ahead: Where Netflix goes, Big Tech may follow

Sun, 21 Jan 2018 16:08:08 -0500

SAN FRANCISCO (Reuters) - Netflix Inc's quarterly results on Monday may offer an advanced preview of whether Facebook Inc , Amazon.com Inc and other heavyweights behind much of the U.S. stock market's record-breaking rally can keep delivering.(image)