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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.
  • American Airlines quarterly profit beats on higher fares      Thu, 24 Jan 2019 08:06:20 -0500
    American Airlines reported better-than-expected quarterly profit on Thursday and forecast 2019 earnings above Wall Street estimates as the No.1 U.S. airline benefits from higher fares and healthy passenger demand, sending its shares up nearly 6 percent.
     
  • Renault names new leaders as scandal-hit Ghosn bows out      Thu, 24 Jan 2019 08:04:11 -0500
    Renault appointed Michelin boss Jean-Dominique Senard as its new chairman on Thursday, after Carlos Ghosn was forced to resign in the wake of a financial scandal that has rocked the French carmaker and its alliance with Japan's Nissan .
     
  • New Renault chairman Senard to focus on alliance with Nissan, Mitsubishi      Thu, 24 Jan 2019 08:03:31 -0500
    Jean-Dominique Senard, the new chairman of French carmaker Renault , said he would focus on talks to cement Renault's alliance partnership with Japanese peers Nissan and Mitsubishi .
     
  • ECB keeps policy unchanged but may acknowledge weak growth      Thu, 24 Jan 2019 07:55:46 -0500
    The European Central Bank left its policy stance unchanged as expected on Thursday, keeping a rate hike later this year on the table even as the euro zone economy suffers its biggest slowdown in half a decade.
     
  • Statement from the ECB following policy meeting      Thu, 24 Jan 2019 07:55:16 -0500
    Following is the statement from the European Central Bank following its policy meeting.
     
  • Chip results augur more tech gloom as slowing China weighs      Thu, 24 Jan 2019 07:49:57 -0500
    Somber results from chipmakers SK Hynix Inc and Texas Instruments Inc , on the heels of warnings from tech behemoths Samsung and Apple, indicate more gloom for the sector as China's economy slows to its weakest in decades.
     
  • Hedge fund prepares proxy fight to oust board at embattled PG&E      Thu, 24 Jan 2019 07:46:05 -0500
    PG&E Corp  shareholder Blue Mountain Capital Management LLC is preparing to launch a proxy fight to oust the embattled California utility owner's board, arguing that the company is harming investors with its plan to seek bankruptcy protection in the wake of catastrophic wildfires.
     
  • Bayer AG unit head sees no merit in breaking up parent: FT      Thu, 24 Jan 2019 07:24:40 -0500
    The head of Bayer's Crop Science unit, which combines Bayer's legacy pesticides unit with the acquired Monsanto business, sees no merit in splitting up parent company Bayer, he told the Financial Times.
     
  • Saudis to Davos: Move on from Khashoggi, let's do business      Thu, 24 Jan 2019 07:23:18 -0500
    If you somehow missed the news about the killing of journalist Jamal Khashoggi by Saudi agents and the global outcry that ensued, you might think Saudi Arabia is the darling of the World Economic Forum in Davos.
     
  • Boeing's flying car lifts off in race to revolutionize urban travel      Thu, 24 Jan 2019 07:21:44 -0500
    Boeing Co said on Wednesday its flying car prototype hovered briefly in the air during an inaugural test flight, a small but significant step as the world's largest planemaker bids to revolutionize urban transportation and parcel delivery services.
     
  • Southwest Airlines flags government shutdown impact; profit beats      Thu, 24 Jan 2019 07:12:35 -0500
    Southwest Airlines Co said on Thursday the U.S. partial government shutdown had knocked between $10 million and $15 million off its revenue so far in January as it reported a better-than-expected fourth-quarter profit.
     
  • Oil falls in about-face as Venezuela-driven bounce fades      Thu, 24 Jan 2019 07:11:52 -0500
    Oil fell on Thursday as concern over the global economy reasserted itself, reversing earlier price gains made on the potential for U.S. sanctions on Venezuela.
     
  • Deutsche Bank queried by House panels on Trump ties      Thu, 24 Jan 2019 07:01:27 -0500
    Deutsche Bank has received an inquiry from two U.S. House of Representatives committees on the lender's ties to U.S. President Donald Trump, it said on Thursday.
     
  • U.S. copper projects gain steam thanks to electric vehicle trend      Thu, 24 Jan 2019 06:53:58 -0500
    Once seen as a laggard in the global mining industry, U.S. copper deposits have quietly drawn more than $1.1 billion in investments from small and large miners alike as Tesla and other electric carmakers scramble for more of the red metal.
     
  • Airbus CEO warns of 'harmful decisions' for UK jobs in a no-deal Brexit      Thu, 24 Jan 2019 06:51:36 -0500
    Airbus warned on Thursday it could shift future wing-building out of Britain in the absence of a smooth exit from the European Union, predicting "potentially very harmful decisions" for its British operations in the event of a 'no-deal' Brexit.
     
  • Siemens CEO declined offer for support from activists: Manager Magazin      Thu, 24 Jan 2019 06:47:16 -0500
    Siemens Chief Executive Joe Kaeser has declined requests from some activist investors whether he would need "support" in running the German industrial conglomerate, the CEO told a German magazine.
     
  • U.S. universities unplug from China's Huawei under pressure from Trump      Thu, 24 Jan 2019 06:46:59 -0500
    Top U.S. universities are ditching telecom equipment made by Huawei Technologies and other Chinese companies to avoid losing federal funding under a new national security law backed by the Trump administration.
     
  • Bombardier to buy Global jet wing-making unit from Triumph      Thu, 24 Jan 2019 06:37:39 -0500
    Canada's Bombardier Inc said on Thursday it will buy a wing manufacturing unit from aircraft parts supplier Triumph Group to boost its business jets program.
     
  • Activist target Pernod boosts board independence with new role      Thu, 24 Jan 2019 06:04:50 -0500
    French spirits group Pernod Ricard named business veteran Patricia Barbizet to the newly created role of lead independent director on Wednesday as it faces pressure from activist investor Elliott to improve its governance.
     
  • Aramco seeks advisers for SABIC debt financing: sources      Thu, 24 Jan 2019 06:02:54 -0500
    Saudi Aramco is seeking advisers to arrange debt financing needed for the acquisition of a stake in Saudi Arabian Basic Industries Corp (SABIC) , banking sources familiar with the matter said on Thursday.
     


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