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Uber's Kalanick rekindles power struggle, names two to board

September 30, 2017 by  
Filed under News

SAN FRANCISCO (Reuters) – Uber Technologies Inc [UBER.UL] co-founder Travis Kalanick said he had appointed two new directors, a surprise move that publicly reignited a board battle over the role of the ousted former chief executive.


Source: Reuters Business News

Qatar Airways expects Meridiana to be Italy's 'real' national carrier

September 30, 2017 by  
Filed under News

DOHA (Reuters) – Qatar Airways will back Meridiana to be Italy’s top airline, supplying it with wide and narrow bodied jets to help expand its network, the Middle East carrier’s chief executive said on Saturday.


Source: Reuters Business News

Sears Canada asks court for more time to close deal with chairman

September 30, 2017 by  
Filed under News

(Reuters) – Sears Canada Inc said late on Friday that it has asked a court to extend creditor protection that expires on Wednesday by another month so it can finish negotiating a deal that would keep the iconic brand running in Canada.


Source: Reuters Business News

EU declines to rank rival bids for agencies leaving Britain over Brexit

September 30, 2017 by  
Filed under News

BRUSSELS (Reuters) – The European Commission has shied away from ranking which cities should host Europe’s drugs regulator and banking authority after Brexit, saying the decision is up to the 27 member states which will remain.


Source: Reuters Business News

When it comes to U.S. stocks, growth trumps quality

September 30, 2017 by  
Filed under News

NEW YORK (Reuters) – U.S. investors are not rewarding companies for generating good earnings consistently, opting instead for a stockpicking strategy that might be called “growth at a high cost.”


Source: Reuters Business News

Tech gains lift S&P 500, Nasdaq to records; Dow slips

September 29, 2017 by  
Filed under News

(Reuters) – The S&P 500 and the Nasdaq rose to record levels on Friday, buoyed by gains in technology stocks, while each of the major indexes were on track to close out the quarter with solid gains.


Source: Reuters Business News

Bankers anxious over consumer reactions to Equifax breach

September 29, 2017 by  
Filed under News

(Reuters) – U.S. lenders are concerned their consumer loan and credit card businesses could be stymied if large numbers of┬ápeople lock or freeze their credit reports to protect themselves in the wake of the Equifax Inc hack.


Source: Reuters Business News

Lagging U.S. online giants, Europe calls on them to pay up

September 29, 2017 by  
Filed under News

TALLINN (Reuters) – French, Italian and other European leaders upped the pressure on mostly U.S. tech giants to pay their fair share of taxes in the European Union and abide by the bloc’s rules when they met on Friday, but were still far from a consensus on the issue.


Source: Reuters Business News

Hurricane Harvey curbs U.S. consumer spending; inflation muted

September 29, 2017 by  
Filed under News

WASHINGTON (Reuters) – U.S. consumer spending barely rose in August likely as Hurricane Harvey weighed on auto sales, while annual inflation increased at its slowest pace in nearly two years, pointing to a moderation in economic growth in the third quarter.


Source: Reuters Business News

Deutsche Bank in $190 million currency-rigging settlement

September 29, 2017 by  
Filed under News

NEW YORK (Reuters) – Deutsche Bank AG agreed to pay $190 million to settle U.S. litigation accusing it of rigging prices in the roughly $5.1 trillion-a-day foreign exchange market.


Source: Reuters Business News

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