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Italy, banks drive Wall Street southward

May 29, 2018 by  
Filed under News

(Reuters) – U.S. stock markets sank more than 1 percent in value on Tuesday on downbeat guidance on trading from JP Morgan and worries over Italy, putting the S&P and Dow Jones Industrial Average on track for their biggest one-day drops in a month.


Source: Reuters Business News

Canada to buy Kinder Morgan oil pipeline in bid to save project

May 29, 2018 by  
Filed under News

OTTAWA/WINNIPEG (Reuters) – Canada will buy Kinder Morgan Canada Ltd’s Trans Mountain pipeline for C$4.5 billion ($3.5 billion), the government said on Tuesday, hoping to save a project that faces formidable political and environmental opposition.


Source: Reuters Business News

Opel agrees job guarantees, investments at German sites

May 29, 2018 by  
Filed under News

BERLIN/FRANKFURT (Reuters) – German labor leaders on Tuesday agreed with PSA Group’s Opel unit on an investment plan and job guarantees for German factories in return for wage concessions.


Source: Reuters Business News

Starbucks closes 8,000 stores for anti-bias training

May 29, 2018 by  
Filed under News

LOS ANGELES/MIAMI (Reuters) – Starbucks Corp appealed to customers for forgiveness in a controversy over alleged racial profiling on Tuesday, saying its behavior toward two black men last month had been reprehensible as it closed 8,000 U.S. stores for anti-bias training.


Source: Reuters Business News

Bayer wins U.S. nod for Monsanto deal to create agriculture giant

May 29, 2018 by  
Filed under News

FRANKFURT/WASHINGTON (Reuters) – Bayer won U.S. approval for its planned takeover of Monsanto after agreeing to sell about $9 billion in assets, clearing a major hurdle for the $62.5 billion deal that will create by far the largest seeds and pesticides maker.


Source: Reuters Business News

EU trade chief to meet U.S. peers Ross, Lighthizer in Paris on Wednesday

May 28, 2018 by  
Filed under News

BRUSSELS (Reuters) – Europe’s top trade official Cecilia Malmstrom will meet U.S. counterparts Wilbur Ross and Robert Lighthizer in Paris on Wednesday, two days before a temporary reprieve from U.S. steel and aluminum tariffs is due to expire.


Source: Reuters Business News

Civil rights advisers hope Starbucks' anti-bias training sets example

May 28, 2018 by  
Filed under News

LOS ANGELES (Reuters) – Black leaders who are advising Starbucks Corp on its anti-bias training program, which begins Tuesday, hope it will reinvigorate decades-old efforts to ensure minorities get equal treatment in restaurants and stores, setting an example for other corporations.


Source: Reuters Business News

Italian concerns knock stocks, euro off early highs

May 28, 2018 by  
Filed under News

LONDON (Reuters) – European stocks gave up early gains and bond yields recovered from lows as early elections loomed in Italy after the anti-establishment 5-Star and League parties abandoned plans to form a government.


Source: Reuters Business News

French industrialist Serge Dassault dies at 93

May 28, 2018 by  
Filed under News

PARIS (Reuters) – French billionaire industrialist Serge Dassault, whose group builds the Rafale war planes and owns Le Figaro newspaper, died in Paris on Monday aged 93, a spokesman for Dassault Group said.


Source: Reuters Business News

U.S. and EU again at odds over Airbus subsidies at WTO

May 28, 2018 by  
Filed under News

GENEVA (Reuters) – The European Union told the World Trade Organization’s dispute settlement body on Monday that it had acted within days of a WTO ruling to bring its funding of planemaker Airbus into line with WTO rules, a trade official who attended the meeting said.


Source: Reuters Business News

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