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Reuters Daily

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Crude price jump helps Wall Street offset tech losses

Wed, Nov 22, 2017

(Reuters) - Wall Street indexes treaded water, staying near record levels, in late morning trading on Wednesday as technology and energy stocks battled for influence and investors awaited the minutes of the Federal Reserve's latest policy meeting. ...

Regulators to press Uber after it admits covering up data breach

Wed, Nov 22, 2017

TORONTO/SAN FRANCISCO (Reuters) - Struggling ride-hailing firm Uber [UBER.UL] faces a fresh regulatory crackdown after disclosing it paid hackers $100,000 to keep secret a massive breach last year that exposed personal data from around 57 million accounts. ...

P&G continues to review vote tally as Peltz awaits board seat

Wed, Nov 22, 2017

(Reuters) - Procter & Gamble Co is still reviewing a tally of shareholder votes cast at its annual meeting more than a month ago, after a fierce proxy contest narrowly handed activist investor Nelson Peltz a board seat. ...

HPE CEO Whitman's surprise exit stumps Wall Street

Wed, Nov 22, 2017

(Reuters) - Shares of Hewlett Packard Enterprise Co fell 6 percent on Wednesday after Chief Executive Officer Meg Whitman's decision to step down from the role took Wall Street by surprise. ...

Apple says illegal student labor discovered at iPhone X plant

Wed, Nov 22, 2017

BEIJING (Reuters) - Smartphone maker Apple Inc and its biggest manufacturing partner on Wednesday said that a small number of students were discovered working overtime in its Chinese factory, violating local labor laws. ...

UK's 15-billion-pound RBS sale to boost government coffers

Wed, Nov 22, 2017

LONDON (Reuters) - Britain will reprivatise bailed-out lender Royal Bank of Scotland by selling 15 billion pounds ($20 billion) of shares, according to budget documents released on Wednesday, in a boost to finance minister Philip Hammond's coffers. ...

Peter Thiel sells most of remaining Facebook stake

Wed, Nov 22, 2017

(Reuters) - Venture capitalist Peter Thiel, Facebook Inc's first institutional investor, has sold three-quarters of his remaining stake in the social network, according to a regulatory filing on Tuesday. ...

Rockwell Automation rebuffs Emerson's latest $29 billion bid

Wed, Nov 22, 2017

(Reuters) - Rockwell Automation Inc rejected Emerson Electric Co's sweetened $29 billion takeover offer on Wednesday, in its strongest rebuttal to date of the proposed combination of two of the world's largest factory equipment makers. ...

Exclusive: SAP says executive resigns amid Gulf region sales probe

Wed, Nov 22, 2017

DUBAI/LONDON (Reuters) - SAP is investigating sales practices in its Gulf region after executives in charge of its dealings in the region had resigned or been put on administrative leave, the German business software giant said on Wednesday. ...

Deutsche Bank strategist tells investors to avoid bitcoin

Wed, Nov 22, 2017

FRANKFURT (Reuters) - Deutsche Bank has joined the ranks of those warning about the virtual currency bitcoin as an investment. ...

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