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- Bank, tech stocks lift Wall Street
Fri, 20 Oct 2017 10:15:23 -0400
(Reuters) - U.S. stocks inched higher on Friday as bank stocks rose and tech stocks recovered, with investor optimism back as Trump administration cleared a hurdle to lower taxes.
- Schlumberger, Baker Hughes warn of weak fourth quarter
Fri, 20 Oct 2017 10:29:38 -0400
(Reuters) - The world's top two oilfield services firms warned on Friday of a challenging fourth quarter for the industry, as investment slows due to soft oil prices and energy firms reducing activity on offshore rigs.
- U.S. existing home sales unexpectedly rebound in September
Fri, 20 Oct 2017 10:05:51 -0400
WASHINGTON (Reuters) - U.S. home resales unexpectedly increased in September as the effects of Hurricanes Harvey and Irma began to dissipate, but a persistent dearth of properties for sale continued to weigh on overall activity.
- P&G's quarterly sales drag; Peltz still looms in board battle
Fri, 20 Oct 2017 11:48:00 -0400
(Reuters) - Procter & Gamble Co disappointed Wall Street with sales on Friday, a week after it claimed to have fought off hedge-fund manager Nelson Peltz's move to muscle onto the board and force more dramatic change at the consumer goods giant.
- Low pay, no bonus: U.S. retailers struggle with hiring
Fri, 20 Oct 2017 06:52:30 -0400
(Reuters) - U.S. retailers are finding it increasingly difficult to hire employees for stores and for middle and higher management as low pay and a feeling of uncertainty clouds the industry following a spate of bankruptcies and store closures.
- UK business minister travels to Canada for talks on Bombardier deal
Fri, 20 Oct 2017 04:55:00 -0400
LONDON (Reuters) - British Business Secretary Greg Clark will hold talks in Canada on Friday to discuss Airbus SE's plans to buy a majority stake in Bombardier's C-Series jetliner program aimed at helping it avoid high U.S. import tariffs.
- BMW confirms inspection by EU antitrust officials
Fri, 20 Oct 2017 09:32:11 -0400
MUNICH (Reuters) - German carmaker BMW on Friday confirmed that EU antitrust staff were in Munich this week to search its offices.
- Wells Fargo scrutinized by regulator for auto insurance program: NYT
Fri, 20 Oct 2017 11:30:17 -0400
(Reuters) - Wells Fargo & Co engaged in deceptive auto insurance practices, failed to properly manage risks and hasn't set aside enough funds to pay back affected customers, the New York Times reported, citing a confidential report by federal regulators.
- Japan's Kobe Steel says violated statutory standards, losing customers
Fri, 20 Oct 2017 10:16:21 -0400
TOKYO (Reuters) - Kobe Steel Ltd sank deeper into crisis on Friday as the embattled company said it had lost some customers to competitors because of widespread data falsification that had extended to its mainstream steel sheet business.
- Exclusive: PDVSA blocked from using NuStar terminal over unpaid bills
Fri, 20 Oct 2017 11:33:31 -0400
HOUSTON (Reuters) - Venezuela's state-run petroleum firm PDVSA has been barred from using a NuStar Energy oil storage terminal in the Caribbean over $26 million in unpaid bills, according to documents reviewed by Reuters, halting delivery of a cargo to an oil trader.