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ChannelReuters: Business News    
RSS File: http://feeds.reuters.com/reuters/businessNews
Description: Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
  • Oil falls as U.S. Gulf oil platforms return to service      Thu, 18 Jul 2019 11:06:15 -0400
    Oil fell more than 1.5% a barrel on Thursday, weighed down by weakness in U.S. equities markets and an expectation that crude output would rise in the Gulf of Mexico following last week's hurricane in the region.
     
  • Global stocks slip as U.S.-China trade war drags on corporate earnings      Thu, 18 Jul 2019 11:00:31 -0400
    Global shares slipped on Thursday on growing signs that a trade dispute between the United States and China was taking a toll on corporate earnings, with nerves spreading from Wall Street through Asia to European markets.
     
  • Justice Department may sue to block Sprint, T-Mobile merger: CNBC      Thu, 18 Jul 2019 10:54:29 -0400
    The U.S. Justice Department would sue to block the merger of T-Mobile US Inc and Sprint Corp if the parties do not settle next week, CNBC reported on Thursday, citing sources.
     
  • Evercore set to lose out as Aramco reshuffles IPO roles: sources      Thu, 18 Jul 2019 10:43:58 -0400
    Boutique investment bank Evercore Partners has lost the chance to retain a prime position as an independent advisor for Saudi Aramco's potential $100 billion share sale, as the oil giant revives its postponed listing, three sources said.
     
  • Wall St. dips as trade worries weigh; Netflix tumbles      Thu, 18 Jul 2019 10:40:18 -0400
    U.S. stock indexes edged lower on Thursday as investors awaited more developments around trade, while Netflix posted a surprise drop in U.S. subscribers, kicking off earnings for the FAANG group of stocks on a sour note.
     
  • Airbus closes in on Air France jetliner deal: sources      Thu, 18 Jul 2019 10:26:41 -0400
    Airbus is close to a deal worth billions of dollars to sell dozens of A320neo-family and smaller A220 aircraft to Air France as the French network carries out a keenly awaited renewal of its medium-haul fleet, industry sources said.
     
  • Morgan Stanley profit beats on wealth management gains, lower expenses      Thu, 18 Jul 2019 09:15:56 -0400
    Morgan Stanley reported a drop in quarterly profit but beat analysts' expectations on gains in its wealth-management business and lower expenses.
     
  • Verizon resurrects media business as safe haven on the internet      Thu, 18 Jul 2019 09:05:48 -0400
    Banning pornography from Tumblr was not necessarily meant to define Verizon Media's strategy to turn around a collection of Internet has-beens. But that is how it has played out.
     
  • Southwest removes Boeing 737 MAX from schedule until November 2, freezes pilot hiring      Thu, 18 Jul 2019 09:04:35 -0400
    Southwest Airlines Co joined U.S. rivals on Thursday in cancelling more flights until early November due to the continued grounding of Boeing Co's 737 MAX, which has also prompted the low-cost carrier to freeze new pilot hiring.
     
  • Netflix shares sink 11%, analysts still see growth      Thu, 18 Jul 2019 08:30:20 -0400
    Wall Street brokerages stuck to a positive outlook on Netflix Inc on Thursday, betting that a strong content slate for the rest of 2019 would reverse shock losses in U.S. subscribers in the second quarter that sank its stock price.
     
  • Volvo Cars to cut costs as trade war dents profits      Thu, 18 Jul 2019 08:23:00 -0400
    Volvo plans to cut fixed costs by 2 billion Swedish crowns ($214 million), it said on Thursday, becoming the latest carmaker to warn that pricing pressure and tariffs arising from the China-U.S. trade war were denting profitability.
     
  • EU clears Vodafone's $22 billion Liberty deal      Thu, 18 Jul 2019 07:46:33 -0400
    Brussels gave its blessing to Vodafone's $22 billion purchase of Liberty Global's cable networks in Germany and central Europe, clearing the way for the British company to become Europe's largest mobile, broadband and TV provider.
     
  • ASOS warns on profit again after botching warehouse revamps      Thu, 18 Jul 2019 07:41:31 -0400
    British online fashion retailer ASOS warned on profits for the third time since December, saying problems ramping up warehouses in the United States and Germany had restricted product availability, hitting sales and raising costs.
     
  • Trump's tariffs trip up the all-American RV industry      Thu, 18 Jul 2019 07:27:57 -0400
    Carrie Gray points to a stack of unwelcome mail on a conference table at the offices of Renegade RV, one of the leading U.S. manufacturers of high-end recreational vehicles. She’s buried in bad news from most of her about 350 suppliers.
     
  • EU Commission fines Qualcomm for second time over market abuse      Thu, 18 Jul 2019 07:27:31 -0400
    Qualcomm , the world's no.1 chipmaker, was fined 242 million euros ($272 million) by the European Commission on Thursday for blocking a rival from the market about a decade ago, its second EU antitrust penalty.
     
  • Goldman Sachs' equities-backed earnings results may pressure      Thu, 18 Jul 2019 07:08:11 -0400
    Booming stock markets around the globe helped Goldman Sachs Group Inc offset declines in other businesses last quarter, but those gains may not be sustainable, analysts said.
     
  • GM's mid-engine Corvette gears up to take on Europeans      Thu, 18 Jul 2019 07:06:31 -0400
    General Motors Co was set on Thursday to unveil its newly designed mid-engine 2020 Corvette in a splashy tribute to its emblematic sports car, even as the No. 1 U.S. automaker faces mounting pressures in a sluggish and uncertain global sales environment.
     
  • Honeywell beats quarterly profit estimates, raises 2019 forecast      Thu, 18 Jul 2019 07:04:10 -0400
    Honeywell International Inc on Thursday reported a better-than-expected quarterly earnings and raised its full-year sales and profit forecasts, riding on higher demand for aircraft parts and spares, sending its shares up 1%.
     
  • Novartis raises full-year targets, aims to settle U.S. lawsuit      Thu, 18 Jul 2019 07:01:02 -0400
    Novartis boss Vas Narasimhan raised full-year targets on Thursday and announced that $700 million has been set aside in the hope of settling a decade-old lawsuit alleging that the Swiss drugmaker bribed U.S. doctors.
     
  • Netflix shares plunge as global growth falls short, U.S. customers shrink      Thu, 18 Jul 2019 06:56:37 -0400
    Netflix Inc said on Wednesday it lost U.S. streaming customers for the first time in eight years and missed targets for new subscribers overseas, an announcement that jarred investors ahead of looming competition.
     


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