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Reuters: Business News
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Reuters: Business News
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McDonald's global strength offsets U.S. weakness, shares rise
McDonald's Corp beat estimates for quarterly global same-store sales as strong demand in international markets made up for slowing growth in the fiercely-competitive U.S. fast-food industry, sending its shares up nearly 3 percent.
REUTERS
UPDATE 2-Verizon beats Wall Street estimates for profit, phone subscribers
Verizon Communications Inc on Tuesday beat Wall Street estimates for profit and net new phone subscribers, helped by the popularity of its promotional offers subsidizing Apple Inc's latest iPhones.
REUTERS
Biting bears sink world shares to 1-year low
World shares slid towards their lowest level in a year on Tuesday, as negative drivers from fatigued earnings and Saudi Arabia's diplomatic isolation to a brewing spat over Italy's finances piled on the pressure.
REUTERS
McDonald's U.S. same-store sales misses estimates
McDonald's Corp quarterly sales at comparable U.S. restaurants fell short of expectations on Tuesday as fierce competition in its home fast food market undermined rise in global revenue.
REUTERS
Exclusive: As U.S. sanctions loom, China's Bank of Kunlun to stop receiving Iran payments - sources
Bank of Kunlun Co, the key Chinese conduit for transactions with Iran, is set to halt handling payments from the Islamic Republic under pressure of imminent U.S. sanctions against the country, four sources familiar with the matter told Reuters.
1 h
REUTERS
UPDATE 1-UTC beats profit estimates on airplane boom, lifts forecast
United Technologies Corp reported a better-than-expected quarterly profit and raised its full-year profit forecast on Tuesday as it benefited from higher sales of aircraft parts, driven by record production at planemakers Boeing and Airbus.
2 h
REUTERS
Exclusive: Justice Department demands details from Glencore on intermediary firms - sources
The U.S. Department of Justice is seeking documents from Glencore about intermediary companies that the commodities firm has worked with in the Democratic Republic of Congo, Venezuela and Nigeria, sources familiar with the matter said.
2 h
REUTERS
Saudi Arabia reassures on oil supply, says will meet demand
Saudi Arabia said on Tuesday it would continue to meet customer demand for crude despite looming U.S. sanctions that are expected to reduce oil exports from Iran.
2 h
REUTERS
Exclusive: Airbus faces new jet delays at Hamburg plant - sources
For two years Airbus faced a shortage of engines and had to slow jet deliveries. Now engines are arriving fast - but snags at a Hamburg plant where Airbus assembles best-selling jets is having trouble absorbing them, industry sources said.
2 h
REUTERS
UPDATE 2-Saudi signs deals worth $50 bln in oil, gas and infrastructure
Saudi Arabia signed deals worth more than $50 billion in oil, gas, infrastructure and other sectors at an investment conference in Riyadh on Tuesday, officials there said.
2 h
REUTERS
Uber aims to go all-electric in London in 2025
Uber plans for every car on its taxi app in London to be fully electric in 2025 and will add a clean air fee to each trip from early next year, its boss told reporters in the British capital city on Tuesday.
2 h
REUTERS
Saudi sees deals worth $50 billion at investment conference despite boycotts
Saudi Arabia was set to sign deals worth $50 billion on Tuesday at the opening of an investment conference despite being overshadowed by the killing of journalist Jamal Khashoggi which prompted a boycott by Western politicians, top world bankers and company executives.
2 h
REUTERS
SoftBank CEO Son won't speak at Saudi conference: source
SoftBank Group Corp Chief Executive Masayoshi Son, whose $93 billion Vision Fund drew nearly half its money from Saudi Arabia, canceled a speaking engagement at the kingdom's investment conference this week, a person close to the matter told Reuters.
3 h
REUTERS
Johnson & Johnson makes $2.1 billion offer to buy out Japan cosmetics firm Ci:z
U.S. healthcare conglomerate Johnson & Johnson said on Tuesday it will buy all outstanding shares of Japanese skincare firm Ci:z Holdings Co Ltd that it does not already own for 230 billion yen ($2.05 billion) in cash.
3 h
REUTERS
Ford in Spain to halt car production for nine days due to low demand: spokesman
U.S. car manufacturer Ford will stop car production in its plant in Almussafes in eastern Spain for nine days during November due to a lower demand for its vehicles, a spokesman said on Tuesday.
4 h
REUTERS
South Korea's Lotte seeks fresh start with revised $44 billion investment plan
South Korea's Lotte Group, whose chairman was released from jail this month, has reset a five-year investment plan just two years after its initial announcement, saying it now aims to spend 50 trillion won ($44.05 billion) through 2023.
6 h
REUTERS
Elon Musk says Twitter had locked his account thinking it was hacked
Tesla Inc Chief Executive Elon Musk said Twitter had locked his account thinking it had been hacked.
6 h
REUTERS
GLOBAL MARKETS-Asian shares buckle to Saudi anxieties, Italian budget rows
Asian shares slumped on Tuesday as a cocktail of negative drivers from Saudi Arabia's diplomatic isolation to fresh worries about trade wars whacked sentiment across the region.
6 h
REUTERS
UBS says it allows staff to travel 'freely' to China after banker's departure delayed
UBS allows all its staff to travel "freely in and out" of China and it is business as usual there, the Swiss bank said, after local authorities last week asked one of its bankers to delay her departure from Beijing to meet with officials.
8 h
REUTERS
Exclusive: Corona brewer Constellation seeks to sell U.S. wine brands - sources
Constellation Brands Inc , the U.S. producer of Corona and Modelo beers, is looking to sell some of its U.S.-based wine brands, in a deal that could be worth more than $3 billion, according to four people familiar with the matter.
REUTERS
Amazon.com, Qualcomm to put Alexa assistant in more headphones
Microchip firm Qualcomm Inc is joining Amazon.com Inc to spread the use of Amazon's Alexa voice assistant in wireless headphones, the companies said on Monday.
REUTERS
Netflix adds to growing debt pile with $2 billion bond issue
Netflix Inc announced on Monday it will tap debt markets for a second time this year, aiming to raise another $2 billion as the streaming video pioneer invests heavily in production of original shows and content acquisition to fend off intensifying competition.
REUTERS
Uber's dealmaking chief Poetzscher resigns
Cameron Poetzscher, who oversaw a string of high-profile deals at Uber Technologies Inc [UBER.UL], has resigned, weeks after a report on allegations of sexual misconduct against him at the ride-hailing firm.
REUTERS
Benetton founder, who took family business beyond sweaters, dies at 77
Gilberto Benetton, a co-founder of Italian clothing retailer United Colors of Benetton who masterminded the family empire's diversification into construction, transport and catering, has died at the age of 77.
REUTERS
Oil little changed despite Saudi pledge to boost output
Oil futures were little changed on Monday after paring earlier losses despite Saudi Arabia's pledge to raise crude production to a record high, two weeks before U.S. sanctions potentially choke off Iranian supplies.
REUTERS
Branson steps down from role as chairman of Virgin Hyperloop
Richard Branson is quitting as chairman of Virgin Hyperloop One, saying the company, that plans to build a supersonic transport system in the United Arab Emirates and other countries, needs a more actively involved leader, the firm said on Monday.
REUTERS
Republican U.S. election sweep would boost short sellers: Lamensdorf
U.S. equity short sellers are rooting for a Republican sweep of Congress in U.S. elections on Nov. 6, which are seen as partly a vote on President Donald Trump's pro-business policies, a leading Wall Street short seller said on Monday.
REUTERS
Arm CEO pulls out of Saudi conference: source
British chip designer Arm Holdings Chief Executive Officer Simon Segars has pulled out of the Saudi Arabia investment conference this week, a source familiar with the matter told Reuters on Monday.
REUTERS
Aegean picks Pratt & Whitney engines for its A320neo aircraft
Greece's largest carrier Aegean Airlines picked U.S. engine maker Pratt & Whitney to power up to 62 Airbus A320neo aircraft, the carrier said on Monday.
REUTERS
Linde-Praxair deal clears final hurdle with U.S. antitrust nod
Industrial gases groups Praxair and Linde won U.S. antitrust approval for their $86 billion merger on Monday, clearing the last hurdle for the deal in the nick of time.
REUTERS
Hasbro results dented by lingering Toys 'R' Us woes, shares drop
Toymaker Hasbro Inc missed analysts' expectations for quarterly revenue and profit on Monday, as the demise of major retail partner Toys 'R' Us hurt sales in Europe and the United States, sending its shares down as much as 8 percent.
REUTERS
Exclusive: Aston Martin considers flying in components, changing ports to handle Brexit
Aston Martin is considering flying in car components and moving more parts through UK ports other than Dover to avoid possible border friction after Britain leaves the European Union, its boss told Reuters.
REUTERS
Wall Street opens higher after China rally, Italian budget relief
U.S. stocks opened higher at the start of a busy week of earnings on Monday, riding a wave of gains in global stocks due to hopes of economic stimulus in China and easing tensions over Italy's debt.
REUTERS
Oil slips below $80 after Saudi pledges rapid output rise
Oil slipped below $80 a barrel on Monday as Saudi Arabia pledged to raise its crude production to a record, two weeks before U.S. sanctions potentially choke off Iranian crude supplies.
REUTERS
Netflix plans to raise $2 billion to fund new content
Netflix Inc said on Monday it plans to raise about $2 billion in debt to fund original shows, acquire content and for possible acquisitions.
REUTERS
Global banks curb China travel after UBS banker stopped from leaving
Global banks including Citigroup and Standard Chartered have asked their private banking staff to postpone or reconsider travel to China after authorities there prevented a UBS banker from leaving the country, sources said.
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REUTERS
PayPal backs emerging markets lender Tala
PayPal Inc Holdings Inc has made a strategic investment in Tala, a financial technology startup that lends to underserved consumers in emerging markets, the companies said on Monday.
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REUTERS
French company Danone expects to triple size of plant-based business by 2025
French food group Danone expects to triple the size of its plant-based business to 5 billion euros ($5.75 billion) by 2025 as it pushes further into the field of healthy eating trends.
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REUTERS
KKR's Calsonic buys Fiat Chrysler parts firm Magneti Marelli for $7.1 billion
Japan's Calsonic Kansei, owned by U.S. private equity firm KKR, has agreed to buy Fiat Chrysler's Magneti Marelli for 6.2 billion euros ($7.1 billion) to form the seventh-largest independent car parts supplier.
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REUTERS
Telefonica Deutschland calls for regulators to block Vodafone-Liberty deal
The head of Telefonica Deutschland called on Monday for EU regulators to block Vodafone's planned acquisition of Liberty Global, saying it would lead to a "quasi-monopolisation" of the German cable TV market.
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REUTERS
Italy relief, hopes for China stimulus buoy global stocks
European shares crept higher on Monday on relief over Italy's budget, tracking rallies in Asia markets after China promised to provide stimulus to stabilize its economy and offset the impact of U.S. tariffs.
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REUTERS
UPDATE 1-Japan tells Facebook to improve data protection
Japan's government on Monday told U.S. technology firm Facebook Inc to better protect its users' personal data following lapses this year affecting tens of millions of people globally.
1 d
REUTERS
Brent oil rises back above $80 as Iran sanctions loom
Brent crude oil prices rose back above $80 a barrel on Monday as markets were expected to tighten once U.S. sanctions against Iran's crude exports are implemented next month.
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REUTERS
Factbox: Manufacturers' plans for electric big rig trucks
Since Tesla Inc announced late last year that it planned to come to market by 2019 with an all-electric Class 8 big rig truck called the Semi, other companies have unveiled their own plans to do the same. Here is a list of the planned vehicles:
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REUTERS
Goldman Sachs changes Asia investment banking leadership: memo
Goldman Sachs Group Inc has named veteran banker Todd Leland as its investment banking head for Asia Pacific excluding Japan, according to an internal memo seen by Reuters, adding to leadership changes at the bank with CEO David Solomon taking over this month.
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REUTERS
New trade pact leaves most U.S. industry at mercy of Mexico's courts
The new North American trade agreement ends key legal protections for many U.S. businesses operating in Mexico, leaving their operations exposed to a risk they had avoided under the old trade deal: Mexico's court system.
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REUTERS
Japan to tell Facebook to improve data protection -Kyodo
The Japanese government is set to tell Facebook Inc to better protect its users' personal data after a leak involving British firm Cambridge Analytica that affected 87 million users globally, Kyodo News reported on Monday.
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REUTERS