REUTERS BUSINESS NEWS

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U.S. manufacturing production increases; headwinds growing
Fri, 16 Nov 2018 12:40:50 -0500
U.S. manufacturing output rose for a fifth straight month in October, shrugging off a sharp drop in motor vehicle production…
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VW embarks on $50 billion electrification plan
Fri, 16 Nov 2018 12:39:02 -0500
Volkswagen expects to become the most profitable manufacturer of electric cars thanks to a multi-billion euro expansion plan to mass…
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PG&E shares, debt recover as regulator eases bankruptcy fears
Fri, 16 Nov 2018 12:34:20 -0500
Shares of embattled utility PG&E Corp jumped 40 percent on Friday as fears it could be bankrupted by the fallout…
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S&P 500 edges lower on chip, retail weakness
Fri, 16 Nov 2018 12:21:10 -0500
The S&P 500 edged lower on Friday as gains in energy stocks were offset by declines in chip and retail…
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Oil gains as OPEC mulls cuts; set for weekly drop on oversupply fears
Fri, 16 Nov 2018 12:16:52 -0500
Oil rose nearly 1 percent on Friday on expectations that the Organization of the Petroleum Exporting Countries and its allies…
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Airbus, Dassault finalizing bid for early work on new fighter jet
Fri, 16 Nov 2018 12:15:23 -0500
Airbus and France's Dassault Aviation will shortly submit an unsolicited proposal for initial conceptual work on a next-generation fighter jet…
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PG&E options traders bet stock not out of the woods yet
Fri, 16 Nov 2018 12:02:42 -0500
The wild swings in the shares of PG&E Corp over the past week have drawn a rush of trading in…
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Tesla starts taking Model 3 orders in China
Fri, 16 Nov 2018 11:59:17 -0500
Tesla Inc has started taking orders for its Model 3 sedan in China for a deposit of 8,000 yuan ($1,153.60),…
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Fed officials' caution weakens dollar, sterling rebounds
Fri, 16 Nov 2018 11:53:36 -0500
The dollar fell broadly on Friday in the wake of cautious comments from two U.S. Federal Reserve officials about global…
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UBS lures more money from U.S. super rich to Switzerland
Fri, 16 Nov 2018 11:38:10 -0500
A decade after a U.S. crackdown ended Swiss banking secrecy, rich Americans are flocking back to UBS as they look…
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Delta orders 10 A330neo in boost to Airbus' slow-selling jet
Fri, 16 Nov 2018 11:35:04 -0500
U.S. carrier Delta Air Lines said on Friday it ordered 10 Airbus A330neo long-haul jets, becoming the first U.S. airline…
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Dollar, U.S. yields fall on Fed comments; Brexit casts shadow
Fri, 16 Nov 2018 11:30:59 -0500
The U.S. dollar weakened and Treasury yields pulled back on Friday after a top Federal Reserve official said U.S. interest…
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The egos disbanded? Bridging the great advertising divide
Fri, 16 Nov 2018 10:30:50 -0500
Traditional advertising groups hope that their creative flair will prevail against the technological clout of consultancies encroaching on their business,…
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Delta confirms new A330neo order, defers delivery of 10 A350s
Fri, 16 Nov 2018 10:14:03 -0500
U.S. carrier Delta Air Lines said on Friday it has deferred delivery of 10 Airbus A350 jets as it orders…
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Volkswagen expects to be the most profitable maker of electric cars
Fri, 16 Nov 2018 10:07:54 -0500
Volkswagen Chief Executive Herbert Diess on Friday said he expected the multi-brand carmaking group to be the most profitable manufacturer…
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Dollar index hits one-week low on Fed officials' cautious comments
Fri, 16 Nov 2018 09:14:53 -0500
The dollar fell to one-week lows against a basket of currencies on Friday as two Federal Reserve officials cautioned in…
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Take Five: Black Friday shoppers to Brexit wreckage, world markets themes for the week ahead
Fri, 16 Nov 2018 08:33:32 -0500
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters…
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'Mission Impossible' powers Viacom profit and revenue beat
Fri, 16 Nov 2018 08:27:07 -0500
Viacom Inc , the owner of MTV, Comedy Central and Nickelodeon, beat Wall Street estimates for profit and revenue on…
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Supply glut mars Turing effect for Nvidia shares
Fri, 16 Nov 2018 08:21:15 -0500
Worries about how fast the computing world will transition to Nvidia Corp's next generation "Turing" graphic chips helped knock 20…
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Brexit front and middle in light week for data
Fri, 16 Nov 2018 08:02:12 -0500
Brexit will be foremost in investors' minds in the coming week, though a smattering of data will offer further indications…