Reuters: Business News

Asia stocks steady, dollar treads water as investors count down to Fed

Wed, 20 Sep 2017 01:29:23 -0400

TOKYO (Reuters) - Asian stocks were mostly steady on Wednesday after Wall Street again rose to record highs, although movements were limited as a wait-and-see mood prevailed before the Federal Reserve reveals its monetary policy stance later in the day.(image)

T-Mobile US explores takeover of Sprint: source

Tue, 19 Sep 2017 20:57:43 -0400

(Reuters) - U.S. wireless carrier T-Mobile US Inc is exploring taking over rival Sprint Corp in an all-stock deal, after SoftBank Group Corp offered to give up its majority ownership of Sprint, a person familiar with the matter said.(image)

Uber reviews Asia business amid U.S. bribery probe: source

Wed, 20 Sep 2017 03:24:02 -0400

(Reuters) - Uber Technologies Inc [UBER.UL], which is the subject of a U.S. federal probe into whether it broke bribery laws, has started a review of its Asia operations and notified U.S. authorities about payments made by staff to police officers in Indonesia, a person familiar with the matter told Reuters.(image)

Wells Fargo's lone outsider aims to clean up bank's reputation

Wed, 20 Sep 2017 01:24:26 -0400

NEW YORK (Reuters) - Before a sales scandal upended its reputation, Wells Fargo & Co was something of a proud outsider in Washington and on Wall Street compared to its big bank peers.(image)

How $5 billion of debt caught up with Toys 'R' Us

Wed, 20 Sep 2017 01:13:06 -0400

(Reuters) - Toys "R" Us Inc has been making $400 million in interest payments on its debt every year, largely due to its $6.6 billion leveraged buyout in 2005. This week, it succumbed to its debt burden, leading to the biggest bankruptcy of a U.S. retailer since that of Kmart in 2004.(image)

New Zealand election could put an obstacle in path to nailing TPP deal

Wed, 20 Sep 2017 01:48:00 -0400

WELLINGTON (Reuters) - If New Zealanders vote this weekend to change who governs them, that could create an obstacle to plans by members of the Trans-Pacific Partnership (TPP) to finalize a trade deal in November.(image)

Toshiba selects Bain group as buyer of its memory chip business: sources

Tue, 19 Sep 2017 23:58:21 -0400

TOKYO (Reuters) - Japan's Toshiba Corp has selected a group led by U.S. private equity firm Bain Capital to buy its prized memory chip unit, three people with knowledge of the talks said on Wednesday, the latest dramatic twist to a highly contentious auction.(image)

Buffett calls pessimists about United States 'out of their mind'

Tue, 19 Sep 2017 23:27:24 -0400

NEW YORK (Reuters) - Uncertainty about how the United States will cope with growing tumult in the world has not dampened Warren Buffett's optimism for the country's prospects over the long term -- even 100 years into the future.(image)

Airbus opens China A330 plant amid market push

Wed, 20 Sep 2017 01:18:02 -0400

TIANJIN (Reuters) - Airbus SE on Wednesday opened its Chinese completion plant for A330 jets, with hopes that an increased presence in the world's fastest growing aviation market would help boost demand for the firm's profitable but ageing wide-body jets.(image)

Ford to cut production at five North American vehicle plants

Tue, 19 Sep 2017 18:37:13 -0400

DETROIT (Reuters) - Ford Motor Co said on Tuesday it plans to idle five North American vehicle assembly plants for a total of 10 weeks to reduce inventories of slow-selling models.(image)

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