Reuters: Business News
|Dollar hits one-week high as focus shifts to Fed
LONDON (Reuters) - The dollar rose to its highest level in a week against a basket of currencies on Wednesday, as investor focus shifted to the minutes of the Federal Reserve's last policy meeting. World stocks looked set to fall for a third straight day.
POSTED FEBRUARY 21, 2018 5:16 AM
|GM proposes $2.8 billion, 10-year investment in South Korea: government official
SEOUL (Reuters) - General Motors has proposed investing $2.8 billion into its loss-making South Korean operations over the next 10 years and has asked Seoul to provide funds for the investment, a South Korean government official said on Wednesday.
POSTED FEBRUARY 21, 2018 3:13 AM
|Slowing U.S. auto sales prompts Japan automakers to rethink discounts
TOKYO (Reuters) - A second year of slowing growth in the U.S. auto market is forcing Japanese automakers to look beyond discounts to grow market share and focus more on boosting profitability in their largest market.
POSTED FEBRUARY 21, 2018 4:12 AM
|Exclusive: Japan to buy at least 20 more F-35A stealth fighters - sources
TOKYO (Reuters) - Japan plans to buy at least 20 additional F-35A stealth fighters over the next six years, some or all of which it may purchase directly from Lockheed Martin Corp in the United States rather than assemble locally, three sources said.
POSTED FEBRUARY 21, 2018 5:44 AM
|Qualcomm deals blow to Broadcom's bid with sweetened NXP deal
(Reuters) - U.S. semiconductor company Qualcomm Inc on Tuesday unveiled a sweetened $44 billion agreement to acquire NXP Semiconductors NV , its most defiant move in its defense against a hostile $121 billion bid from Broadcom Ltd .
POSTED FEBRUARY 20, 2018 4:13 PM
|Steven Cohen loses bid to seal lawsuit alleging sexism at Point72
NEW YORK (Reuters) - A U.S. judge on Tuesday rejected billionaire investor Steven A. Cohen's request to temporarily seal a lawsuit accusing his hedge fund firm Point72 Asset Management LP of sexism toward women.
POSTED FEBRUARY 20, 2018 11:09 PM
|US FDIC sues 16 banks alleging Libor manipulation in Doral collapse
(Reuters) - A U.S. regulator on Tuesday filed a lawsuit against 16 U.S. and international banks alleging they had manipulated bbaLIBOR, which is a series of interest-rate benchmarks, leading to the collapse of Puerto Rico's Doral Bank.
POSTED FEBRUARY 20, 2018 11:50 PM
|Daimler to start serial production of eActros truck in 2021
STUTTGART (Reuters) - Daimler said on Wednesday it aims to start serial production of an electric heavy truck with a range of 200 km (124 miles) in 2021, Daimler Trucks chief Martin Daum said.
POSTED FEBRUARY 21, 2018 5:41 AM
|Bosch starts new division, acquires U.S. carpooling start-up
(Reuters) - Germany's Robert Bosch [ROBG.UL] on Wednesday created a new division to expand its reach in the markets for ride services and connected vehicles and acquired a small U.S. ride services company as part of the strategic shift.
POSTED FEBRUARY 21, 2018 6:01 AM
|Lotte Group chairman gives up management rights at key Japan holding company
SEOUL (Reuters) - The chairman of South Korea's Lotte Group, who was convicted for bribery last week, has relinquished representative rights at a key Japanese holding company, adding further uncertainty to a conglomerate reeling from a plunge in business in China.
POSTED FEBRUARY 21, 2018 5:48 AM