Reuters: Business News

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.

Exclusive: Petrobras rejects latest EIG-backed bid for oilfields - sources

6 min ago

Petroleo Brasileiro SA has rejected the most recent bid by an EIG Global Energy Partners-backed firm to purchase a pair of shallow-water oil clusters, two sources with direct knowledge of the matter said, potentially derailing a major divestment late in the process.

Elliott's target Pernod names Lead Independent Director

6 min ago

Pernod Ricard , the family-backed French spirits group under pressure from activist investor Elliott, said on Wednesday it named business veteran Patricia Barbizet to the newly created role of Lead Independent director to further improve its governance.

General Electric to cut close to 470 jobs in France: unions

29 min ago

General Electric , which bought Alstom's energy business in 2015, aims to slash close to 470 jobs across the division in France in the face of falling orders worldwide, unions said on Wednesday.

S&P, Nasdaq dip as healthcare, financials weigh; IBM keeps Dow higher

42 min ago

The S&P 500 and the Nasdaq reversed course to dip slightly on Wednesday due to losses in healthcare and financial sectors, while the Dow stayed afloat on positive earnings reports from IBM, United Technologies and Procter & Gamble.

Taco Bell eyes Asia-Pacific to drive overseas expansion

43 min ago

U.S. fast food chain Taco Bell plans to double its international footprint with Asian markets as the main driver for overseas growth as awareness about Mexican cuisine grows, a senior executive said on Wednesday.

Procter & Gamble bets on demand for high-end fabric, skin-care products

46 min ago

Procter & Gamble Co said on Wednesday that it had not seen signs of an economic recession and raised its full-year organic sales forecast, emboldened by price hikes and strong demand for premium fabric and skin care products.

Lawyers suing Fiat Chrysler in diesel case seek over $100 million

46 min ago

Lawyers for Fiat Chrysler diesel owners have asked a U.S. judge to approve up to $106.5 million in legal fees and out-of-pocket costs for a settlement over excess vehicle emissions.

CEOs sour on Trump policies, warn they hurt business, investment

47 min ago

From centre-stage in Davos last year, President Donald Trump told the world's corporate bosses that America is a great place to invest. It hasn't quite turned out that way.

U.S. airlines tap army helicopter pilots to ease shortage

48 min ago

U.S. Army pilot Shaun Perez spent ten hours flying an Apache helicopter over Afghanistan, providing gun cover for Special Forces soldiers on the ground as they hunted for high-value targets, guns and weapons.

Huawei executive has strong case against extradition: Canadian envoy

57 min ago

A top executive from Huawei Technologies Co Ltd being held in Canada can make "strong arguments" against extradition to the United States, in part due to remarks made by U.S. President Donald Trump, Canada's ambassador to China said.

As Google races ahead, German carmakers look to go faster on autonomous driving

1 hour ago

Germany's top carmakers including BMW and Volkswagen are looking at ways to speed up development of the next generation of self-driving cars, possibly by even working together, as tech giant Google forges ahead with plans to mass produce such vehicles.

EnBW open to partnerships in U.S. offshore wind expansion

1 hour ago

German utility EnBW could seek more partners in its planned push into the burgeoning U.S. offshore wind sector, its chief executive said.

United Tech profit beats forecasts on aerospace jump

1 hour ago

United Technologies Corp beat analysts' estimates for fourth-quarter profit on Wednesday, boosted by a more than 20 percent sales surge at its aerospace businesses, sending the industrial conglomerate's shares higher.

Facebook's Sandberg says Zuckerberg should remain CEO, chairman

1 hour ago

Facebook's operations chief said the world's largest social network needed to earn back public trust and was investing billions of dollars a year to improve the security of its network.

Greenlight's Einhorn tweaks portfolio, says CFO to leave

1 hour ago

Hedge fund manager David Einhorn, whose Greenlight Capital suffered its worst year ever in 2018, told investors on Wednesday he had made some changes to the fund's main portfolio, including selling Bayer , Mylan and Perrigo last year.

Third former Tesco director cleared of fraud over 2014 scandal

1 hour ago

The last of three former senior directors of Tesco accused of fraud at Britain's biggest retailer in 2014 has been formally acquitted, leaving the Serious Fraud Office without a conviction for the accounting scandal.

Deutsche faces questions from authorities investigating Danske

1 hour ago

Deutsche Bank said on Wednesday it had received requests for information from regulators and law enforcement agencies around the world that are investigating a money laundering scheme involving Danske Bank .

Deutsche Bank CEO says bank cooperating with German prosecutors

1 hour ago

The chief executive of Deutsche Bank, Christian Sewing, said on Wednesday the lender had the biggest interest in cooperating with German prosecutors who searched its offices in November as part of an investigation into money laundering allegations.

Einhorn's Greenlight sells some positions, covers prominent shorts

2 hours ago

Hedge fund manager David Einhorn, whose Greenlight Capital suffered its worst year ever in 2018, told investors that he had made some changes to the portfolio, including selling Bayer , Mylan and Perrigo last year.

Kerrisdale says Qualcomm's stock could shrink by half: report

3 hours ago

Activist investor Sahm Adrangi, who cemented his reputation with successful bets against Chinese internet companies, said that he has taken a short position against Qualcomm Inc , arguing the chip supplier's stock price could shrink by half.