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Reuters: Business News

Dollar holds near four-month highs, oil near multi-year top
SYDNEY (Reuters) - The dollar hovered near four-month highs on Tuesday on renewed optimism about global growth as the United States and China agreed to drop their tariff threats, while oil stayed at multi-year peaks over potential sanctions in Venezuela.


POSTED MAY 21, 2018 9:28 PM
Tesla Model 3 fails to get Consumer Reports nod due to 'big flaws'
(Reuters) - Influential U.S. magazine Consumer Reports will not recommend Tesla Inc's Model 3 sedan, saying on Monday it braked slower than a full-sized pickup truck, taking the shine off a day of gains for shares in Elon Musk's electric car company.


POSTED MAY 21, 2018 7:22 PM
GE to merge transportation unit with Wabtec in $11.1 billion deal
(Reuters) - General Electric Co announced a $11.1 billion deal on Monday to merge its transportation business with U.S. rail equipment manufacturer Wabtec Corp , with GE and its shareholders owning just over half of the combined business.


POSTED MAY 21, 2018 5:39 PM
As Zuckerberg heads to Brussels, British lawmakers ask for answers
LONDON, May 22 (Reuters) - British lawmakers want their European counterparts to quiz Facebook FB.O CEO Mark Zuckerberg about a scandal over improper use of millions of Facebook users' data, as he will not give evidence in London himself.


POSTED MAY 21, 2018 7:21 PM
Boeing technicians in South Carolina to vote on unionization: WSJ
(Reuters) - Some Boeing Co workers at the planemaker's factory in South Carolina will vote on union representation later this month, the Wall Street Journal reported https://on.wsj.com/2xav6Px on Monday, citing U.S. labor regulators.


POSTED MAY 21, 2018 9:10 PM
Rising oil prices help ground U.S. airline stocks; could make them cheap
NEW YORK (Reuters) - Shares of U.S. airlines have been depressed by rising oil prices this year, but their descent to relatively cheap levels could position them for takeoff.


POSTED MAY 21, 2018 2:46 PM
Trade war fears ebb as U.S., China agree to continue talks
BEIJING/WASHINGTON (Reuters) - Washington and Beijing both claimed victory on Monday as the world's two largest economies stepped back from the brink of a global trade war and agreed to hold further talks to boost U.S. exports to China.


POSTED MAY 21, 2018 7:34 PM
Companies win big at U.S. top court on worker class-action curbs
WASHINGTON (Reuters) - The U.S. Supreme Court delivered a blow to the rights of workers on Monday by allowing companies to require them to sign away their ability to bring class-action claims against management, agreements already in place for about 25 million employees.


POSTED MAY 21, 2018 3:09 PM
Exclusive: Ousted MGM CEO explores bid for the U.S. movie studio - sources
(Reuters) - Former MGM Holdings Inc Chief Executive Officer Gary Barber, who was ousted earlier this year, is speaking to investment banks about financing an offer to acquire the privately held U.S. movie studio, five people familiar with the matter said on Monday.


POSTED MAY 21, 2018 9:49 PM
LaSalle Hotel accepts Blackstone's $3.7 billion cash offer
(Reuters) - LaSalle Hotel Properties decided to sell itself to private equity firm Blackstone Group LP for $3.7 billion in cash, rejecting a cash-and-stock offer from rival Pebblebrook Hotel Trust .


POSTED MAY 21, 2018 10:42 AM

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