Business News

UPDATE 1-Philadelphia sues seven big banks, alleges municipal bond collusion

Reuters Company News - 30 min 19 sec ago
The city of Philadelphia has filed an antitrust lawsuit accusing seven major banks of conspiring to inflate interest rates for a type of bond used by cities, towns and other public entities, costing them potentially billions of dollars.
Categories: Business News

U.S. banks record $59.1 billion in profits in fourth-quarter of 2018

Reuters Biz News - 30 min 42 sec ago
The U.S. banking sector recorded $59.1 billion in profits in the fourth quarter of 2018, down slightly from the third quarter's record level but still up significantly from the prior year, according to data from the Federal Deposit Insurance Corporation.
Categories: Business News

UPDATE 2-Citgo's new board arrives in Houston, to hold first meeting -sources

Reuters Company News - 31 min 6 sec ago
A board of directors appointed this month by Venezuela's opposition-controlled congress to run state-owned oil firm PDVSA's U.S. unit Citgo Petroleum on Thursday was arranging its first meeting at the company's headquarters, according with two people familiar with the matter.
Categories: Business News

UPDATE 3-Canada PM puzzled by minister's resignation, despite briefing

Reuters Company News - 39 min 54 sec ago
Canadian Prime Minister Justin Trudeau on Thursday said he was still puzzled by the decision of former veterans affairs minister Jody Wilson-Raybould to quit last week, even after she addressed the Cabinet on Tuesday.
Categories: Business News

UPDATE 1-U.S. EPA gets 37 bids for small refinery waivers through mid-February

Reuters Company News - 45 min ago
The U.S. Environmental Protection Agency has received 37 applications for small refinery waivers for 2018 from the U.S. Renewable Standard (RFS) through mid-February, according to data released on Thursday by the agency.
Categories: Business News

AT&T pulls ads from YouTube as concerns about content resurface

Reuters Biz News - 45 min 36 sec ago
AT&T Inc said on Thursday it has removed its advertising from Alphabet Inc's YouTube once again, following growing concerns the platform had displayed ads next to video content that showed the exploitation of children.
Categories: Business News

Doubling Our DNA Building Blocks Could Lead to New Life Forms

Wired RSS Feed - 48 min 44 sec ago
But first, chemists hope to improve DNA data storage and churn out new medical compounds.
Categories: Business News

UPDATE 2-Airbus pencils in orders for new A321XLR jet -sources

Reuters Company News - 49 min 19 sec ago
Airbus has begun lining up tentative orders for a longer-range version of its A321 jetliner, seeking to exploit signs of hesitation at arch-rival Boeing over whether to develop a new model in a hotly contested niche of the airplane market.
Categories: Business News

AT&T pulls ads from YouTube as concerns about content resurface

Reuters Company News - 51 min 26 sec ago
AT&T Inc said on Thursday it has removed its advertising from Alphabet Inc's YouTube once again, following growing concerns the platform had displayed ads next to video content that showed the exploitation of children.
Categories: Business News

UPDATE 2-Eleven Venezuela diplomats in U.S. defect since last month -opposition

Reuters Company News - 53 min 59 sec ago
Eleven Venezuelan diplomats in the United States have defected from President Nicolas Maduro's government since opposition leader Juan Guaido declared himself interim president last month, a representative of the opposition said on Thursday.
Categories: Business News

UPDATE 2-DowDuPont wins final OK for global launch of new GMO soybean -industry officials

Reuters Company News - 58 min 27 sec ago
DowDuPont Inc has won the final international regulatory approval needed, from the Philippines, for a global launch of a new line of genetically engineered soybeans, U.S. seed industry executives said on Thursday.
Categories: Business News

U.S. stocks fall on weak economic view; oil, gold fall

Reuters Biz News - 59 min 43 sec ago
Wall Street stocks fell on Thursday due to a deteriorating economic outlook that was only partially offset by signs of trade progress between China and the United States, while gold and oil prices retreated from their recent peaks.
Categories: Business News

Nike stumbles into social media storm after basketball star's shoe splits

Reuters Biz News - 1 hour 6 min ago
A Nike Inc sneaker worn by a college basketball superstar split in half less than a minute into a highly anticipated game between Duke University and North Carolina, prompting an outcry on social media as the company sought to figure out what caused the malfunction.
Categories: Business News

UPDATE 1-New products help Fidelity Investments parent boost 2018 profit

Reuters Company News - 1 hour 12 min ago
Fidelity Investments parent FMR LLC said its 2018 operating profit rose 18.6 percent to $6.3 billion as new products like no-fee index funds helped the Boston mutual fund firm counter falling markets that reduced its total assets.
Categories: Business News

UPDATE 2-Huawei committed to Canadian investment despite CFO arrest -chairman

Reuters Company News - 1 hour 13 min ago
* Company plans to add 200 R&D jobs in Canada (Adds further comment from chairman)
Categories: Business News

United bids for six new slots at Tokyo's Haneda airport

Reuters Biz News - 1 hour 36 min ago
United Continental Holdings is applying for six of 12 new slots open to U.S. carriers at Tokyo's Haneda International Airport in a push to increase daily nonstop flights to the Japanese capital ahead of the 2020 Olympic Games and beyond.
Categories: Business News

UPDATE 1-United bids for six new slots at Tokyo's Haneda airport

Reuters Company News - 1 hour 41 min ago
United Continental Holdings is applying for six of 12 new slots open to U.S. carriers at Tokyo's Haneda International Airport in a push to increase daily nonstop flights to the Japanese capital ahead of the 2020 Olympic Games and beyond.
Categories: Business News

Eleven Venezuela diplomats in U.S. defect from Maduro since last month-official

Reuters Company News - 1 hour 43 min ago
Eleven Venezuelan diplomats in the United States have defected from President Nicolas Maduro's government since opposition leader Juan Guaido declared himself interim president last month, a representative of Venezuela's opposition said on Thursday.
Categories: Business News

United bids for six new slots at Tokyo's Haneda airport

Reuters Company News - 1 hour 46 min ago
United Continental Holdings is applying for six of 12 new slots open to U.S. carriers at Tokyo's Haneda International Airport in a push to increase daily nonstop flights to the Japanese capital ahead of the 2020 Olympic Games and beyond.
Categories: Business News

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