News

Fri, 14 Dec 2018 12:45:29 -0500
U.S. consumer spending gathered momentum in November as households bought furniture, electronics and a range of other goods, which could further allay fears of a significant slowdown in the American economy even as the outlook overseas continued to darken.
Fri, 14 Dec 2018 12:34:17 -0500
Shares of Johnson & Johnson tumbled 12 percent on Friday and were on track to post their biggest percentage drop in more than 16 years, after Reuters reported that the pharma major knew for decades that cancer-causing asbestos lurked in its Baby Powder.
Fri, 14 Dec 2018 12:32:38 -0500
Volkswagen's talks with Ford on the two companies cooperating are progressing, though a few details still need to be worked out, the German carmaker said on Friday.
Fri, 14 Dec 2018 12:29:46 -0500
Canadian Prime Minister Justin Trudeau on Friday said China's detention of two men from Canada was unacceptable and expressed concern the economy could suffer as bilateral relations deteriorate.
Fri, 14 Dec 2018 12:24:00 -0500
German airline Air Berlin's insolvency administrator is suing Abu Dhabi's Etihad, its former owner, for damages of up 2 billion euros ($2.26 billion), a Berlin court said on Friday.
Fri, 14 Dec 2018 12:19:56 -0500
China will temporarily suspend additional 25 percent tariffs on U.S.-made vehicles and auto parts starting Jan. 1, 2019, the finance ministry said on Friday, following a truce in a trade war between the world's two largest economies.
Fri, 14 Dec 2018 12:19:56 -0500
Tesla Inc has cut prices on its Model S and Model X vehicles in China after Beijing suspended additional tariffs on U.S.-made cars.
Fri, 14 Dec 2018 12:14:51 -0500
U.S. stocks fell on Friday as weak economic data from China and Europe rekindled fears of slowing global growth, with Johnson & Johnson leading the losses after Reuters reported the company knew for decades that asbestos lurked in its Baby Powder.
Fri, 14 Dec 2018 11:54:10 -0500
The daughter of ousted Nissan chairman Carlos Ghosn early on Friday retrieved documents and cash from a corporate apartment in Rio de Janeiro, capping a legal battle over the items, which the carmaker maintains may contain evidence of wrongdoing.
Fri, 14 Dec 2018 11:52:30 -0500
The U.S. economy is growing at a 2.42 percent pace in the fourth quarter as stronger-than-expected November data on industrial output offset the steepest drop in import prices in over three years last month, the New York Federal Reserve's Nowcast model showed on Friday.
Fri, 14 Dec 2018 11:50:16 -0500
Facebook Inc said it had fixed a bug that may have exposed private photos of up to 6.8 million users, the latest in a string of glitches that have caused regulators around the world to investigate the social media giant's privacy practices.
Fri, 14 Dec 2018 11:48:30 -0500
The U.S. economy is expanding at a 3.0 percent annualized rate in the fourth quarter based on steady retail sales growth and stronger-than-forecast industrial output in November, the Atlanta Federal Reserve's GDPNow forecast model showed on Friday.
Fri, 14 Dec 2018 11:42:48 -0500
Luxury goods maker LVMH has agreed to buy Belmond , the owner of hotels including Venice's landmark Cipriani, for a total of $3.2 billion to raise its profile in upmarket hospitality.
Fri, 14 Dec 2018 11:38:25 -0500
A gauge of global stocks tumbled on Friday after weak economic data from China and Europe exacerbated worries about global growth as investors considered the broader impact of the trade dispute between the United States and China.
Fri, 14 Dec 2018 11:34:43 -0500
U.S. President Donald Trump welcomed China's move on Friday to suspend additional tariffs on U.S.-made vehicles, saying it could help push forward a larger trade deal with Beijing.
Fri, 14 Dec 2018 10:58:25 -0500
French President Emmanuel Macron said on Friday that Ford's decision to end production at its plant in Blanquefort, southern France next year was "hostile" and said his government was actively seeking a buyer for the site.
Fri, 14 Dec 2018 10:55:55 -0500
Huawei [HWT.UL] faces fresh challenges in Europe after Germany's Deutsche Telekom announced it would review its vendor strategy and Orange said it would not hire the Chinese firm to build its next-generation network in France.
Fri, 14 Dec 2018 10:46:45 -0500
Around $150 millions' worth of oil was stolen from Shell's biggest global refinery over several years, Singapore court documents reviewed by Reuters show, far more than reported when police first revealed the heist earlier this year.
Fri, 14 Dec 2018 10:30:12 -0500
General Motors Co on Friday said it is beginning to send formal notices to U.S. government agencies of its plan to end production at auto plants and cut thousands of jobs as it shrinks passenger car production in North America.
Fri, 14 Dec 2018 10:29:27 -0500
London Stock Exchange Group Plc said on Friday Chairman Donald Brydon would be replaced by Donald Robert, chairman of the world's biggest credit data firm Experian Plc .