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Reuters Video: Business



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U.S. Justice Dept. sues to block AT&T bid for Time Warner

Mon, 20 Nov 2017 23:27:23 +0000

The U.S. Department of Justice filed a lawsuit Monday to block AT&T's $85.4 billion acquisition of Time Warner Inc., citing concerns AT&T would use Time Warner's films and movies force rival TV companies to pay more for content.



AT&T sued, tech lifts Wall Street

Mon, 20 Nov 2017 21:22:00 +0000

The Justice Department will sue to block AT&T's acquisition of Time Warner, a source says. As Fred Katayama reports, AT&T and other telecom stocks lifted Wall Street Monday.



Keystone XL pipeline approved

Mon, 20 Nov 2017 20:26:07 +0000

Nebraska regulators voted to approve TransCanada’s Keystone XL pipeline route through the state, lifting the last big regulatory obstacle for the long-delayed project that U.S. President Donald Trump wants built. Fred Katayama reports.



Chipmaker Marvell to buy smaller rival Cavium for $6 bln

Mon, 20 Nov 2017 19:26:32 +0000

Marvell Technology Group is buying smaller rival Cavium in a $6 billion deal to expand its wireless connectivity business in a fast consolidating semiconductor industry. Fred Katayama reports.



Amsterdam, Paris win post-Brexit EU agencies

Mon, 20 Nov 2017 19:28:00 +0000

Amsterdam and Paris won the right to host the two EU agencies that must leave London on Brexit after a dramatic ministerial meeting in Brussels that left both results decided by drawing lots after votes were tied. David Doyle reports



Volkswagen raises mid-term profit, sales outlook

Mon, 20 Nov 2017 17:43:00 +0000

Volkswagen has raised its mid-term outlook for group profit and sales, sustaining investor hopes that the carmaker can further its recovery despite shouldering billions of costs for its electric-car offensive. Francis Maguire reports



Victoria's Secret: Angels or demons?

Mon, 20 Nov 2017 17:11:00 +0000

Several star names expected to attend will be absent from Victoria's Secret's first-ever fashion show in China Monday night. Fred Katayama reports.



Breakingviews TV: Uber revs up Volvo

Mon, 20 Nov 2017 17:41:08 +0000

The ride-hailing app has placed a big order with the Chinese-owned automaker. Antony Currie and Tom Buerkle discuss how the deal accelerates the race to generate value from self-driving cars.



EU to choose new post-Brexit homes for agencies

Mon, 20 Nov 2017 15:07:00 +0000

European Union ministers pick a new home later on Monday for the European Medicines Agency (EMA), in a race for jobs, prestige and business euros that has pitted neighbours against each other across the continent. As Francis Maguire reports, the EMA and the smaller European Banking Authority are set to leave London, as a consequence of Brexit.



Can "industries of future" ward off Brexit impact?

Mon, 20 Nov 2017 15:44:00 +0000

Prime Minister Theresa May has announced 4 billion pounds ($5.28 billion) of spending on research and development and regional growth strategies, setting out plans to help the economy grow after Brexit. Ciara Lee reports.



Boeing lands deal for 75 jets

Mon, 20 Nov 2017 16:04:00 +0000

Chinese leasing company Avolon has ordered 75 Boeing 737 MAX jets with an option for 20 more. As Fred Katayama reports, the deal could be worth up to $11 billion.



Could NAFTA talks stall over US car demands?

Mon, 20 Nov 2017 13:44:00 +0000

Canada and Mexico will apparently not make counterproposals to U.S. demands for tougher NAFTA automotive content rules but instead will offer rebuttals and pepper American negotiators with technical questions later on Monday. As Ciara Lee reports, the rebuttal is expected to come as negotiators resume discussions on automotive rules of origin in the fifth round of talks to update the North American Free Trade Agreement.



German coalition collapse jolts European markets

Mon, 20 Nov 2017 13:30:00 +0000

European stocks slipped and safe haven government bonds were in demand early on Monday as the collapse of coalition talks in Germany served as a reminder of political risk that still runs as an undercurrent in Europe. Sonia Legg reports



Alibaba to buy big chunk of China's top grocer

Mon, 20 Nov 2017 12:53:00 +0000

Chinese company Alibaba makes the move into bricks-and-mortar with a $3 bln purchase of a stake in Sun Art, China's top retailer. Graham Mackay reports.



Brexit and the City: taking London's financial pulse

Mon, 20 Nov 2017 10:18:00 +0000

Will Britain's decision to leave the European Union in 2019 damage one of its most successful industries? As David Doyle reports, Reuters has created a tracker to monitor six indicators to help assess the fortunes of the City, taking a regular check on its pulse through public transport usage, bar and restaurant openings, commercial property prices and jobs.



Toshiba's stock issue to ease delisting risk

Mon, 20 Nov 2017 09:17:00 +0000

Toshiba Corp's plan to raise some $5.4 billion through a sale of new shares will help it avoid a delisting, but will also see more than 30 overseas investors, including activist funds, own 35 percent of the embattled conglomerate. Ciara Lee reports.



Auto dealers lobby Washington on tax code

Sun, 19 Nov 2017 06:00:00 +0000

A massive lobbying effort is under way from various interest groups including auto dealerships, hoping to keep tax breaks or credits in the latest tax bill



Ex-cops jump into Canada's legal weed business

Sun, 19 Nov 2017 16:55:40 +0000

A former Canadian police chief and several colleagues who fought against making marijuana use legal have switched sides and embraced the looming legalization of cannabis with a leap into business.



Wall Street slips

Fri, 17 Nov 2017 21:19:00 +0000

Wall Street ended the week on a sour note Friday. As Fred Katayama reports, investors weighed the fate of the Republican's tax overhaul plan.



Takeover interest in Fox

Fri, 17 Nov 2017 17:40:00 +0000

Comcast and Verizon are interested in buying parts of Twenty-First Century Fox, say sources. Fred Katayama reports.



India is best emerging market for investors in 2018 -Barger

Fri, 17 Nov 2017 18:55:39 +0000

Cartica Co-Founder and CEO Teresa Barger focuses on emerging markets and has about one-third of her portfolio in India. She continues to favor the country and expects significant growth there, making it her top pick for next year.



VW heats up electric cars race with $40 bln spend

Fri, 17 Nov 2017 17:46:00 +0000

Volkswagen will spend more than 34 billion euros ($40 billion) on electric cars, autonomous driving and new mobility services by the end of 2022, the group said on Friday. Silvia Antonioli reports.



Breakingviews TV: The Fox hunt is on

Fri, 17 Nov 2017 17:39:20 +0000

With Comcast and Verizon joining the suitors for Rupert Murdoch’s assets, Jen Saba and Tom Buerkle discuss what’s driving the media frenzy, and how antitrust scrutiny could kill deal hopes.



Siemens to cut 6,900 jobs as turbine demand tumbles

Fri, 17 Nov 2017 16:23:00 +0000

Siemens says it plans to cut about 6,900 jobs, or close to 2 percent of its global workforce. The hammer will fall hardest on a power and gas division hit hard by the rapid growth of renewables. David Pollard reports.



Abercrombie shares surge on strong sales

Fri, 17 Nov 2017 15:19:00 +0000

The once struggling teen retailer's comparable store sales shot higher, crushing analysts' forecasts. As Fred Katayama reports, strong sales at its Hollister brand led the revival.