Reuters: Business News

U.S., McKinsey & Co reach $15 million settlement 2019-02-19 13:57:04The United States and McKinsey & Company have reached a $15 million settlement over allegations that the global consulting company did not make pr

Ford exiting heavy truck business in South America 2019-02-19 13:46:22Ford Motor Co on Tuesday said it would exit its heavy commercial truck business in South America and cease production at a Brazilian plant this year a

Honeywell-Pratt venture protests U.S. Army's contract to GE 2019-02-19 13:42:00A joint venture of Honeywell International Inc and Pratt & Whitney on Tuesday protested the U.S. Army's decision to award General Electric Co a c

Allergan should explore selling itself: Appaloosa's Tepper 2019-02-19 13:36:27Billionaire hedge fund manager David Tepper stepped up pressure on Allergan Plc, saying on Tuesday the drugmaker should consider selling itself if man

Walmart holiday-quarter sales jump, says consumers still spending 2019-02-19 13:33:53Walmart Inc posted its strongest holiday quarter in at least a decade on Tuesday, boosted by higher grocery and e-commerce sales, and said it saw no s

U.S. wants pledge for stable Chinese yuan as 2019-02-19 13:29:53The United States is seeking to secure a pledge from China it will not devalue its yuan as part of an agreement intended to end the countries' trade

Wall Street edges higher on Amazon, Walmart gains; 2019-02-19 13:17:31U.S. stocks inched higher on Tuesday, led by Amazon and upbeat earnings from Walmart, while investors focused on the latest round of trade talks betwe

Oil lingers around 2019 highs but demand worries 2019-02-19 12:52:20Oil steadied on Tuesday after hitting 2019 highs as concerns about global crude oil demand, coupled with uncertainty over the latest round of U.S.-Chi

Gold hits 10-month peak on hopes for U.S.-China 2019-02-19 12:48:39Gold prices surged to a 10-month high on Tuesday, as the U.S. dollar weakened, on optimism for a breakthrough in U.S.-China trade talks, with bullion

U.S. seeking stable yuan pledge in China trade 2019-02-19 12:46:28The United States is seeking to secure a pledge from China it will not devalue its yuan as part of an agreement intended to end the countries' trade

Barclays hoped 2008 cash call would drive international 2019-02-19 12:44:32Barclays believed deals with strategic investors during the 2008 financial crisis would help to provide a springboard for its international ambitions,

Google to buy data migration company Alooma in 2019-02-19 12:31:48Alphabet Inc's Google said on Tuesday it will buy data migration company Alooma, as part of efforts to catch up with bigger cloud service rivals Amaz

BBC News - Business

BBC World News business headlines 2019-02-19 13:40:08The latest international business headlines from BBC World News.

Brexit: What trade deals has the UK done 2019-02-19 12:10:01The UK says it want to replicate the EU's trade agreements "as far as possible".

Karl Lagerfeld, iconic Chanel fashion designer, dies 2019-02-19 11:07:45The fashion world pays tribute to the giant, who was working right up until his death.

Asda sales growth slows amid 'challenging' trade 2019-02-19 09:56:51Sales growth eased at the UK's third largest supermarket chain as Brexit uncertainty affected shoppers.

Estonia orders Danske Bank branch to shut 2019-02-19 09:51:23The bank's Tallinn branch has been at the centre of a money-laundering scandal.

UK employment hits another record high 2019-02-19 08:50:35A record 32.6 million people were in work between October and December, official figures show.

Honda confirms Swindon car plant closure 2019-02-19 08:14:46The firm says the move is due to global changes in the car industry and has nothing to do with Brexit.

HSBC profits hit by China slowdown 2019-02-19 03:33:51Profits at Europe's largest bank rise by less than forecast after a challenging end to 2018.

Replacing failed shops 'won't save city centres' 2019-02-19 03:22:36Authorities should try to attract high-paying office jobs to revive the High Street, a think tank says.

'People use storage for life events' 2019-02-18 19:04:18"We have to be mindful of the moments in life our customers are in," says storage boss Anthony Paine.

How Brexit hit the pound in your pocket 2019-02-18 19:03:52The value of the pound has changed a lot over the past three years - making us all a little poorer.

Could hackers 'brainjack' your memories in future? 2019-02-18 19:03:25A decade from now, memory-boosting implants could be available commercially, but at what risk?

Business News - UPI.com

U.S. destroyer Cook, NATO ships enter Black Sea 2019-02-19 13:47:00 The USS Donald Cook and ships from NATO's Standing Mine Countermeasures Group 2 entered the Black Sea, with their movements tracked by Russian vesse

BAE awarded $575M for Armored Multi-Purpose Vehicle production 2019-02-19 13:10:17 The U.S. Army awarded BAE Systems contracts worth $575 million for low-rate production of the Armored Multi-Purpose Vehicle, which will replace Vietn

Iran unveils submarine that can launch cruise missiles 2019-02-19 11:54:53 Iran has unveiled a homemade submarine that the nation says is capable of firing cruise missiles and staying more than 650 feet underwater for five w

UAE announces more than $3B in defense deals 2019-02-19 11:28:04 United Arab Emirates signed deals worth more than $3 billion at IDEX 2019 in Abu Dhabi this weekend, including with Lockheed Martin, Diehl, Saab, Tha

U.S., Australia, Britain conduct training aviation exercise in 2019-02-18 12:50:06 Air Force units from Australia and Britain wrapped joint training exercises with the U.S. Air Force and Navy at Nellis Air Force Base in Nevada, whic

Boeing to deliver two F-18 Super Hornets to 2019-02-18 12:06:38 The U.S. Navy has awarded Boeing a $17.8 million for two F/A-18EF Super Hornet aircraft.

Nay conducts annual anti-terrorism force protection exercise 2019-02-18 11:38:15 The U.S. Navy has wrapped up an annual 12-day anti-terrorism force protection exercise held across the continental United States using realistic trai

Draper awarded $191M for Trident missile guidance system 2019-02-18 09:33:34 The U.S. Navy awarded Charles Stark Draper Laboratory Inc. a $191 million contract for Trident II weapons system as the Pentagon upgrades its nuclear

Tecolote awarded $38.8M for Space and Missile Systems 2019-02-15 12:12:18 Tecolote Research was awarded a $38.8 million contract to support acquisition and financial operations at the U.S. Air Force's Space and Missile Sys

PAE awarded $27.6M contract for Afghanistan defense, security 2019-02-15 11:27:11 PAE Government Systems Inc. was awarded $27.6 million to provide contractor logistic support efforts for the Afghan National Defense and Security For

Saab to supply U.S. Army with Carl-Gustaf M4 2019-02-15 11:19:52 Saab signed a contract with the U.S. Army to supply the Carl-Gustaf M4 weapon system, an 84mm recoilless rifle designated as the M3E1 in the U.S., st

Bell Boeing signs $10.7M contract for V-22 Osprey 2019-02-15 09:32:19 Bell Boeing was awarded a $10.7 million contract for upgrades to AN/APR-39D(V)2, AN/AAQ-24B(V)27, and the ALE-47 Power Performance Computing systems

Christian Science Monitor |

New York's opposition to Amazon might scare off 2019-02-19 18:06:18Amazon has scrapped plans to build a headquarters in Queens amid fierce opposition from politicians, but experts warn that the pushback against the te

For many Americans, the Trump tax cut doesn’t 2019-02-19 18:06:18President Barack Obama’s signature domestic initiative, on health care, was marred by a glitch-prone rollout. Is President Trump’s tax-cut

T-Mobile, Sprint defend merger to lawmakers 2019-02-19 18:06:18The companies' executives argue that the merger will force the industry to up its game, improving quality of services and lowering prices. But the de

Climate’s pressure on energy firms isn’t just political, 2019-02-19 18:06:18PG&E’s bankruptcy filing has wider implications. Will CEOs’ and shareholders’ closer attention to the business risks of warming

US considers a tax on wealth, even as 2019-02-19 18:06:18Elizabeth Warren is considered a candidate of the left, yet even half of Republicans share her view that the wealthy should be taxed more. A key quest

Shutdown may be over – but economic ripple 2019-02-19 18:06:18Consumers, businesses, and investors loathe uncertainty. That's why the full effects of a government shutdown are hard to measure, and its end isn&rs

As AI advances in multiple industries, workers need 2019-02-19 18:06:18Artificial intelligence could severely disrupt a quarter of US jobs. Economists say the jobs likely to be spared from automation will require advanced

Farmers have a beef with plant- or lab-grown 2019-02-19 18:06:18How we speak can say a lot about how we think ​– and it can influence how we spend. Consider a rancher-led battle over food labe

Employees ‘taken hostage’: the ethics of the US 2019-02-19 18:06:18Compelling people to work without pay is fast becoming more than a legal issue for the federal government. Viewed as a social compact, it raises serio

Sears dodges liquidation, stores to stay open – 2019-02-19 18:06:18The company's chairman and largest shareholder won a bankruptcy auction for the chain, which hasn't seen a profitable year since 2010. If Sears keep

US-China trade: How dose of reality is pushing 2019-02-19 18:06:18During 2018, the outlook seemed to grow steadily worse for relations between the world’s two largest economies. Things are shifting as both side

Recession is a risk in 2019. But maybe 2019-02-19 18:06:18A number of key trends in the economy are positive, from wage growth to low interest rates. Some of the biggest wild cards are trade policy and centra

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Flipkart's Sachin Bansal may join Ola board after 2019-02-19 11:48:00This is the largest funding by an individual in the app cab

PM Modi receives Saudi Crown Prince Mohammed bin 2019-02-19 11:25:00The Crown Prince arrived on a less than 30-hr visit, a day after concluding his tour of Pakistan where he said dialogue was the only way to resolve "

Angel tax relief for startups: Funding cap for 2019-02-19 11:25:00The angel tax is levied on start-ups that have received an equity infusion in excess of the fair valuation, with the premium being paid by the investo

WTO pegs global trade at 9-yr low; India 2019-02-19 11:11:00The WTO's quarterly outlook indicator, comprising seven trade parameters, stood at 96.3, the lowest since March 2010 and down from 98.6 in November

Good news for govt staff, pensioners: Centre hikes 2019-02-19 10:10:00The Cabinet has approved additional DA of 3 per cent over the existing rate of 9 per cent to government employees and dearness relief to pensioners fr

Pulwama attack: India rejects Imran's response, says he 2019-02-19 08:35:00It said the Prime Minister of Pakistan has neither chosen to condemn the heinous act nor condoled with the bereaved families

Carlos Ghosn assembles 'All-Star' defence lawyers as trial 2019-02-19 07:18:00Ghosn's new defense team may explore several legal arguments to discredit the state's case both in court and in the media, according to legal expert

Politics has an unlikely victim: A plan that 2019-02-19 07:07:00The Maharashtra government has decided to relocate the proposed $44 billion oil refinery project to be built with investments from Saudi Arabia

Rajeev Kumar transferred to CID; Anuj Sharma is 2019-02-19 06:50:00The shuffling follows directions from the Election Commission in wake of the coming General Election

BJP, AIADMK announce alliance in Tamil Nadu for 2019-02-19 06:43:00As per the agreement, BJP has been allocated 5 seats

Govt may launch exchange traded fund of PSU 2019-02-19 06:15:00The bank exchange traded fund (ETF) would be in addition to the two ETFs -- CPSE ETF and Bharat-22 ETF -- launched by the government which have seen h

SpiceJet offers valuation comfort; best play among aviation 2019-02-19 03:38:00At the bourses, Jet Airways, InterGlobe Aviation and SpiceJet have underperformed the benchmark S&P BSE Sensex so far in FY19.

Business

Intel’s new boss leads a firm that is 2019-02-08 19:00:00It dominates PC and server chips. But its core business has misfired of late

A new law decrees French supermarkets must get 2019-02-08 19:00:00The agriculture ministry is forcing retailers to raise the price of staple foods

American manufacturing companies have a spring in their 2019-02-08 19:00:00The scaling back of Foxconn’s plans to make televisions in Wisconsin is offset by other good news

The disappearance of Norwegian would be bad news 2019-02-08 19:00:00Three airline groups would be left dominating the market for transatlantic flights

Chinese firms are not all serial intellectual-property thieves 2019-02-08 19:00:00Greater inventiveness in China is prompting more respect for IP

UNIQLO’s founder plots a way to beat Zara 2019-02-08 19:00:00Tadashi Yanai reckons rising Asia will push his firm to number one

A 25-year battle to improve the image of 2019-02-06 19:00:00Do you want ethics with that?

Canada tackles the scourge of orphaned oil wells 2019-02-04 00:00:00A court says bankrupt firms must put the environment ahead of other creditors

America lifts sanctions on Oleg Deripaska’s business empire 2019-02-02 00:00:00But the Kremlin has little to celebrate

A Chinese state-backed giant’s rapid rise in global 2019-02-01 19:00:00Four-year-old COFCO International is already rivalling Western giants

Netflix, but for video games 2019-02-01 19:00:00If game streaming works, the market could expand even further

Harley-Davidson brought low by tariffs and demographics 2019-02-01 19:00:00Sales keep plunging in the home market