Business News

  • Wall St. declines on tech selloff, North Korea concern

    NEW YORK (Reuters) - Wall Street dipped on Monday, as a selloff in technology shares weighed heavily on the Nasdaq, while the most recent statement from North Korea's to Washington added to a cautious tone.

  • Apple shares flirt with correction territory

    SAN FRANCISCO (Reuters) - Shares of Apple Inc dipped on Monday and flirted with correction territory following a report that the company had told suppliers to scale back shipments of parts for its upcoming iPhone X.

  • Tech stocks sell-off deepens fears of shift away from sector

    SAN FRANCISCO (Reuters) - Technology stocks including Facebook , Microsoft and Alphabet dropped sharply on Monday, increasing worries that the top-performing sector is falling out of favor as investors look elsewhere for cheaper opportunities.

  • Top U.S. NAFTA negotiator sees no problem with pace of talks

    OTTAWA (Reuters) - The top U.S. negotiator at talks to modernize the NAFTA trade pact on Monday dismissed questions about why his team had so far failed to produce specific proposals on key issues, saying "I don't see a problem."

  • Uber rival Lyft met London transport officials, documents show

    FRANKFURT/LONDON (Reuters) - Lyft, Uber’s closest U.S. rival in the taxi-hailing business, met repeatedly with officials from London's transport regulator over the past year, a sign it may be targeting the city for international expansion.

  • Fed policymakers clash on outlook for inflation

    SYRACUSE, N.Y./GRAND RAPIDS, Mich. (Reuters) - A debate within the Federal Reserve over the outlook for U.S. inflation burst into public view just days after a rate-setting meeting in Washington, with one central banker saying inflation weakness is fading and another suggesting he's nervous it won't.

  • Nets welcomes $5.3 billion takeover bid by Hellman & Friedman

    COPENHAGEN (Reuters) - Payments firm Nets on Monday welcomed a 33.1 billion Danish crown ($5.3 billion) bid from U.S. firm Hellman & Friedman, marking what could be one of the largest European private equity takeovers in recent years.

  • BlackRock fees in limbo over donation to U.S. presidential candidate

    NEW YORK (Reuters) - A senior BlackRock Inc executive made a donation to an unsuccessful U.S. presidential candidate last year, an action that may prohibit the world's largest asset manager from collecting some fees from a state government, a company regulatory filing showed.

  • SEC chairman belatedly learned of 2016 agency hack: testimony

    WASHINGTON (Reuters) - The chairman of the U.S. Securities and Exchange Commission belatedly found out in August, about three months after being confirmed, that hackers breached the regulator's database of corporate announcements in 2016, according to prepared congressional testimony seen by Reuters on Monday.

  • P&G's Gillette sues Schick maker Edgewell over razor blade design

    (Reuters) - Procter & Gamble Co's Gillette unit on Monday sued the maker of Schick razors for the second time in 13 months, seeking to stop its sale of razor blade cartridges designed to fit Gillette's Fusion handles.

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