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Oil extends 7 percent slide as outlook darkens

14 min ago

Oil markets fell again on Wednesday, extending losses from a 7 percent plunge the previous session as surging supply and the specter of faltering demand scared off investors.

FAA, Boeing study need for 737 MAX software changes after crash

44 min ago

The U.S. Federal Aviation Administration and Boeing Co are evaluating the need for software or design changes to 737 MAX jets in the wake of last month's deadly Lion Air crash in Indonesia, the regulator said on Tuesday.

Weaker retail sales loom over China's economy despite some bright spots

1 hour ago

China delivered a mixed economic report card for October on Wednesday as softening retail sales pointed to a consumption slowdown, even as a pick-up in industrial output and investment suggested support measures may be starting to take hold.

FAA denies report on new probe of Boeing's safety analyses on 737 MAX

1 hour ago

The U.S. aviation regulator denied on Tuesday a report that it had launched a new probe of the safety analyses performed over the years by Boeing Co on its 737 MAX models, following the crash of a Lion Air jet in Indonesia last month.

Brexit hopes keep sterling, euro bid; dollar bulls take a breather

1 hour ago

The euro and sterling climbed higher on Wednesday as investor confidence rose on news Britain had struck a draft divorce deal with the European Union after more than a year of talks.

Cathay Pacific executives grilled over data breach 'crisis'

1 hour ago

Cathay Pacific Airways said on Wednesday it is working with 27 regulators in 15 jurisdictions to investigate a data breach that affected millions of passengers, as Hong Kong lawmakers grilled executives over how it handled the incident.

Exclusive: Snap reveals U.S. subpoenas on IPO disclosures

3 hours ago

The U.S. Justice Department and Securities and Exchange Commission have subpoenaed Snap Inc for information about its March 2017 initial public offering, the social media app maker told Reuters on Tuesday.

Crude oil struggles for traction after plunge, stocks sag

3 hours ago

Oil prices struggled for traction on Wednesday after sinking on worries about weakening world demand and oversupply, while global shares sagged with slowing growth concerns overshadowing potential positives such as progress in the Brexit saga.

Goldman Sachs bankers 'cheated' Malaysia over 1MDB: PM Mahathir

5 hours ago

Malaysian Prime Minister Mahathir Mohamad said bankers at Goldman Sachs Group Inc "cheated" the country in dealings with state fund 1MDB and that U.S. authorities have promised to help return the fees the Wall Street bank earned from the fund.

Elon Musk's 'Teslaquila' drink faces clash with Mexican tequila industry

5 hours ago

Tesla Inc co-founder Elon Musk and Mexico's tequila producers could be headed for a collision after the agave-based drink's industry group opposed the flamboyant billionaire's efforts to trademark an alcoholic drink dubbed "Teslaquila."

Amazon picks New York City, Washington D.C. area for new offices

6 hours ago

Amazon.com Inc picked America's financial and political capitals for massive new offices on Tuesday, branching out from its home base in Seattle with plans to create more than 25,000 jobs in both New York City and an area just outside Washington, D.C.

Oil slumps 7 percent to one-year low as rout extends to 12 days

7 hours ago

Oil's slide accelerated on Tuesday, with U.S. futures suffering their steepest one-day loss in more than three years due to ongoing worries about weakening global demand and oversupply.

Nike hires former Coca-Cola executive as Jordan Brand president

8 hours ago

Nike Inc on Tuesday named former Coca-Cola Co executive Craig Williams as president of its sports shoes unit Jordan Brand.

Starbucks to lay off 350 global corporate employees

8 hours ago

Starbucks Corp is laying off about 350 global corporate employees, Chief Executive Officer Kevin Johnson said on Tuesday in a memo to employees, seen by Reuters.

S&P, Dow lose ground as crude plunge punishes energy stocks

8 hours ago

The Dow and S&P 500 ended slightly lower on Tuesday following losses in energy shares and Boeing, offsetting a small gain in technology stocks and renewed hopes for progress in trade talks.

Blue Apron cuts headcount by 4 percent; posts drop in orders

8 hours ago

Blue Apron Holdings Inc said on Tuesday it would reduce its headcount by 4 percent, as the meal-kit delivery company focuses on its online business to help reverse six straight quarters of revenue declines.

Juul Labs to pull sweet e-cig flavors to curb youth use

8 hours ago

Juul Labs Inc, the U.S. market leader for electronic cigarettes, said on Tuesday it will pull popular flavors such as mango, cucumber and fruit from retail store shelves in an effort to reduce surging teenage use of its products.

Oil plummets on global demand concerns; U.S. stocks end lower

8 hours ago

Oil prices plunged 7 percent on Tuesday on persistent concerns of oversupply and weakening global demand, causing Wall Street stocks to reverse early gains that were driven by the resumption of trade talks between the United States and China.

Former IDG Communications CEO Friedenberg named Reuters News president

8 hours ago

Thomson Reuters Corp has appointed tech and media veteran Michael Friedenberg as president of Reuters news and media operations, Thomson Reuters said on Tuesday.

German officials sound China alarm as 5G auctions loom

9 hours ago

Senior German officials are planning a last-ditch drive to convince the government to consider excluding Chinese firms such as Huawei from building the country's 5G infrastructure amid concerns this could compromise national security.