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Reuters: Business News

Tesla forms three-member panel to look at any Musk deal
Tesla Inc's board named a special committee of three directors on Tuesday which will evaluate Elon Musk's proposals to take the company private, although it said it was yet to see a firm offer from the company's chief executive.


POSTED AUGUST 14, 2018 9:53 AM
Wall St. opens higher on healthy earnings, lira rebound
U.S. stocks opened higher on Tuesday on the back of healthy earnings reports and a recovery in Turkish currency, which snapped its three-week slide.


POSTED AUGUST 14, 2018 9:33 AM
Ford recalls 3,968 cars over clutch pressure plate issue: regulator
Russia's standards agency said on Tuesday it had been informed about the recall of 3,968 Ford cars sold between 2011 and 2016.


POSTED AUGUST 14, 2018 9:28 AM
Home Depot second-quarter sales bounce back after slow start to year
Home Depot Inc on Tuesday reported second-quarter sales that beat Wall Street estimates despite signs of a slowdown in the housing market, boosted by a rebound in demand for seasonal products and shoppers making more purchases to remodel their homes.


POSTED AUGUST 14, 2018 8:56 AM
Investment firms explore buyout of Yum China: sources
Investment firms are exploring a buyout of Yum China Holdings Inc. in what could be one of Asia's biggest M&A deals this year, sources close to the situation told Reuters.


POSTED AUGUST 14, 2018 8:55 AM
Shares regain footing as lira pulls out of nosedive
World share markets fought to regain their footing on Tuesday, as Turkey's lira pulled out of its recent nosedive and reassuring data from Germany helped offset the latest wobbles in China's giant economy.


POSTED AUGUST 14, 2018 8:50 AM
Coca-Cola picks up stake in Kobe Bryant sports drink
Coca-Cola Co is buying a minority stake in a sports drink brand backed by basketball star Kobe Bryant, it said on Tuesday, seeking to mount a stronger challenge to PepsiCo's Gatorade.


POSTED AUGUST 14, 2018 8:48 AM
South Korea to ban about 20,000 BMW vehicles after engine fires
South Korea's transport ministry said on Tuesday it would ban some 20,000 BMW vehicles from the streets amid mounting public fears about engine fires.


POSTED AUGUST 14, 2018 7:48 AM
Dutch superyacht builders propelled by rising economic tide
With three lounges, three dining rooms, an open-air jacuzzi, a bar and six luxury cabins, the 50-metre "Aster" is one of Dutch shipyard Heesen's more modest superyachts.


POSTED AUGUST 14, 2018 7:42 AM
Tech still all the rage while bears prowl emerging markets: BAML survey
Global investors remain overwhelmingly bullish on U.S. and Chinese tech shares, while short positions on emerging equities are growing increasingly popular, Bank of America Merrill Lynch's latest monthly fund manager survey showed on Tuesday.


POSTED AUGUST 14, 2018 7:11 AM

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