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Apple, Amazon, Google join bidding for Toshiba chip unit: media

March 31, 2017 by  
Filed under News

TOKYO (Reuters) – Apple Inc , Amazon.com Inc and Google have joined bidding for Toshiba’s NAND flash memory unit, vying with others for the Japanese firm’s prized semiconductor operation, the Yomiuri Shimbun daily reported on Saturday.


Source: Reuters Business News

DuPont in asset deal with FMC, delays close of Dow merger

March 31, 2017 by  
Filed under News

(Reuters) – DuPont said on Friday it would buy a unit of FMC Corp and sell its crop protection business to the company to win European Union approval for its merger with Dow Chemical, and delayed the deal’s closing for the third time.


Source: Reuters Business News

Caterpillar shuts plant in Aurora, Illinois, that employs 800

March 31, 2017 by  
Filed under News

(Reuters) – Caterpillar Inc said on Friday it will shut its Aurora, Illinois, plant, costing about 800 employees their jobs as the world’s largest construction and mining equipment maker shifts production to other U.S. facilities.


Source: Reuters Business News

Rock-solid quarter on Wall Street ending with a whimper

March 31, 2017 by  
Filed under News

(Reuters) – Wall Street edged lower on Friday, held down by Exxon and JPMorgan Chase as investors wrapped up a strong quarter and weighed whether corporate earnings reports will justify the market’s lofty valuations.


Source: Reuters Business News

Snapchat adds more accessible search feature

March 31, 2017 by  
Filed under News

(Reuters) – Snap Inc said on Friday its Snapchat messaging app would add an option for users to search through photos and videos that users have posted to the public.


Source: Reuters Business News

EU offers Brexit trade talks, sets tough transition terms

March 31, 2017 by  
Filed under News

VALLETTA/BRUSSELS (Reuters) – The European Union offered Britain talks this year on a future free trade pact but made clear in negotiating guidelines issued on Friday that London must first agree to EU demands on the terms of Brexit.


Source: Reuters Business News

Oil retreats, set to become first quarter's worst-performing asset

March 31, 2017 by  
Filed under News

NEW YORK (Reuters) – Oil prices fell on Friday after a three-day rally ran out of steam as a higher U.S. rig count signaled rising production from shale, contributing to the global supply glut.


Source: Reuters Business News

Credit Suisse under fire as clients hunted for tax evasion

March 31, 2017 by  
Filed under News

AMSTERDAM/ZURICH (Reuters) – Swiss bank Credit Suisse has been dragged into yet more tax evasion and money laundering investigations, after a tip-off to Dutch prosecutors about tens of thousands of suspect accounts triggered raids in five countries.


Source: Reuters Business News

Anthem likely to pull back from Obamacare markets in 2018: Jefferies

March 30, 2017 by  
Filed under News

(Reuters) – Anthem Inc is likely to exit from a large portion of its Obamacare individual insurance markets next year, Jefferies analysts said, nearly a week after Republican leaders pulled legislation to overhaul the U.S. healthcare system.


Source: Reuters Business News

FCC to vote to restore rule making it easier to buy TV stations

March 30, 2017 by  
Filed under News

WASHINGTON (Reuters) – The U.S. Federal Communications Commission said Thursday it will vote in April to reverse a 2016 rule adopted by the Obama administration that limits the number of television stations some companies can buy.


Source: Reuters Business News

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