Business & Finance News
LONDON/LOS ANGELES (Reuters) – U.S. supermarket chain Kroger Co struck a deal with British online grocer Ocado to build and deliver from robot-staffed warehouses, upping the ante in Kroger’s battle with Amazon.com Inc and sending Ocado shares rocketing.
WILMINGTON, Del (Reuters) – A Delaware judge said on Thursday he would not block Shari Redstone from exerting control over the board of CBS Corp , which was considering stripping her voting power in defiance of her push to merge the media company with Viacom Inc .
(Reuters) – Energy and industrial stocks led Wall Street higher on Thursday and the small-cap Russell 2000 hit a record, even as a rise in U.S. bond yields to fresh seven-year highs suggested more competition for equities and investors fretted over geopolitics.
MEXICO CITY (Reuters) – Mexico’s Economy Minister Ildefonso Guajardo said on Thursday that there is no date set for the next North American Free Trade Agreement (NAFTA) ministerial meeting, but added that his technical negotiating team was in Washington.
WASHINGTON (Reuters) – New applications for U.S. jobless benefits increased more than expected last week, but the number of Americans on unemployment rolls fell to its lowest level since 1973, pointing to diminishing labor market slack.
NEW YORK (Reuters) – Walmart Inc on Thursday said profit margins during the first quarter remained under pressure due to price cuts and higher freight costs, weighing on its shares even as sales and earnings came in stronger than expected.
(Reuters) – Remington Outdoor Co Inc , one of the largest U.S. makers of firearms, has emerged from Chapter 11 bankruptcy after completing a debt-cutting deal with creditors, the company said on Thursday.
(Reuters) – U.S. stocks reversed course to trade higher on Thursday as energy shares climbed after oil prices hit $80 per barrel for the first time since November 2014.
(Reuters) – Wall Street’s main indexes dropped on Thursday as U.S. bond yields climbed to a seven-year high and Cisco’s forecast disappointed, while looming Sino-U.S. trade talks added to the jitters.
LONDON (Reuters) – Britain’s online supermarket Ocado clinched a game-changing deal with Kroger as its exclusive partner in the U.S., securing its entry into the world’s biggest market and sending its shares soaring more than 50 percent on Thursday.
(Reuters) – Some employees in a Wells Fargo & Co unit that handles business banking improperly changed information on documents related to corporate customers, the Wall street Journal reported on Thursday, citing people familiar with the matter.
WASHINGTON (Reuters) – White House economic adviser Larry Kudlow said on Thursday the United States was taking a second look at penalties imposed on Chinese telecommunications company ZTE Corp , not waiving the enforcement action altogether.
WASHINGTON (Reuters) – The United States and China launch a second round of trade talks on Thursday to try to avert a damaging tariff war, with the Trump administration demanding a $200 billion cut in China’s U.S. trade surplus and greater protections for intellectual property.
WASHINGTON (Reuters) – New applications for U.S. jobless benefits increased more than expected last week, but the number of Americans on unemployment rolls fell to its lowest level since 1973, pointing to diminishing labor market slack.
(Reuters) – Wall Street was on pace to open lower on Thursday, weighed down by U.S. Treasury yields hitting fresh seven-year highs and Cisco’s disappointing forecast, while looming Sino-U.S. trade talks added to the jitters.
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