Business News

  • Trump floats management changes instead of sanctions for China's ZTE

    WASHINGTON (Reuters) - U.S. President Donald Trump on Tuesday floated a plan to fine ZTE Corp <000063.SZ> <0763.HK> and shake up its management as his administration considered rolling back more severe penalties that have crippled the Chinese telecommunications company.

  • Workers hit McDonald's with new sexual harassment claims

    LOS ANGELES/NEW YORK (Reuters) - Ten women who work at McDonald's restaurants in Detroit, Chicago, Los Angeles and six other cities have filed sexual harassment complaints in the past few days with the federal government against the company and its franchisees, which they said ignored or retaliated against them for such complaints.

  • Wall St. slips on U.S.-China trade talk uncertainty; energy falls

    NEW YORK (Reuters) - U.S. stocks ended lower on Tuesday, weighed down by lingering uncertainty over the outcome of trade talks between the United States and China and declines in energy and industrial shares.

  • Exclusive: GE seeking to shed troubled insurance business - sources

    (Reuters) - General Electric Co is working with investment bankers to find ways to shed its insurance business, which has caused it to book hefty charges while sparking shareholder lawsuits and an investigation by U.S. regulators, people familiar with the matter said on Tuesday.

  • OPEC may decide to ease oil supply curbs in June: sources

    KHOBAR, Saudi Arabia/LONDON (Reuters) - OPEC may decide to raise oil output as soon as June due to worries over Iranian and Venezuelan supply and after Washington raised concerns the oil rally was going too far, OPEC and oil industry sources familiar with the discussions told Reuters.

  • Facebook face-off: EU gets little news from Zuckerberg

    BRUSSELS (Reuters) - Facebook CEO Mark Zuckerberg sailed through a grilling from EU lawmakers about the social network's data policies as lengthy questions left the 34-year-old American little time to answer.

  • J.C. Penney CEO Ellison jumps ship to Lowe's; shares sink

    (Reuters) - J.C. Penney's Chief Executive Officer Marvin Ellison is leaving the struggling retailer to join home improvement chain Lowe's Cos Inc , the companies said on Tuesday, sending shares in the U.S. department store chain down as much as 8 percent to an all-time low.

  • Canada says top NAFTA officials in constant contact on trade talks

    OTTAWA (Reuters) - Top U.S., Canadian and Mexican officials are in constant contact about slow-moving talks to revitalize NAFTA and are ready to meet at any time to push the process forwards, Canada's foreign minister said on Tuesday.

  • Consumer Reports to retest Tesla Model 3 after brake fix

    (Reuters) - Consumer Reports said Tuesday it will retest brakes on Tesla Inc's new Model 3 sedans after Chief Executive Elon Musk promised a software update, but the potential hit to sales from the magazine's negative review weighed on Tesla stock.

  • Americans report stronger finances in Trump's first year: Federal Reserve

    WASHINGTON (Reuters) - The share of Americans who report they are doing "at least okay" financially rose in President Donald Trump's first year in office, according to Federal Reserve data published on Tuesday.

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