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Reuters Daily

Reuters Business

Halliburton takes $2.2 billion charge on shale slump

Tue, Jan 21, 2020

U.S. oilfield services firm Halliburton Co. on Tuesday disclosed a $2.2 billion charge to earnings as weakening North American shale activity continued to hit the industry. ...

Wall Street rally pauses amid China virus outbreak, growth fears

Tue, Jan 21, 2020

U.S. stock indexes slipped on Tuesday as worries about the fallout from a deadly virus outbreak in China and a gloomy growth outlook from the IMF paused a record-setting rally on Wall Street. ...

Uber tests feature allowing some California drivers to set fares

Tue, Jan 21, 2020

Uber Technologies Inc on Tuesday said it is testing a feature that allows some drivers in California to set their own fares, hoping the change will help it show that its drivers are independent contractors rather than employees under state law. ...

Britain's Sainsbury's to cut 'hundreds' of management roles

Tue, Jan 21, 2020

Britain's Sainsbury's said on Tuesday it would cut "hundreds of management roles" across the business as it seeks to bring its main supermarket operation and its Argos general merchandise arm closer together. ...

Honda to join White House initiative to boost U.S. job training

Tue, Jan 21, 2020

Honda Motor Co will join on Tuesday a growing number of companies signing a White House pledge to boost U.S. job training opportunities. ...

Citibank to pay $18 million penalty for failing to insure flood-prone properties

Tue, Jan 21, 2020

A U.S. banking regulator fined Citibank N.A. $18 million for delays in purchasing mandatory flood insurance for properties where borrowers were located in flood-prone areas. ...

Oil market shrugs off Libya crisis

Tue, Jan 21, 2020

Oil prices fell more on Tuesday on expectations that a well-supplied market would be able to absorb disruptions that have cut Libya's crude production to a trickle. ...

KFC apologizes for 'sexist' Australian ad

Tue, Jan 21, 2020

KFC on Tuesday apologized for an advertisement in Australia that shows two boys ogling a woman's breasts, after calls from a local campaign group to boycott the fast-food giant over the ad it called "sexist". ...

Aramco IPO proceeds to fund Saudi industry, including defense: finance minister

Tue, Jan 21, 2020

Saudi Arabia will pump the proceeds from last month's listing of oil giant Saudi Aramco into the local economy over several years, including building up the domestic defense industry amid tensions with Iran, its finance minister said on Tuesday. ...

Starbucks eyes plant-based food, reusable packaging in latest sustainability push

Tue, Jan 21, 2020

Starbucks Corp aims to add more plant-based food and drinks to its menu, make its packaging reusable and invest in better waste-management, CEO Kevin Johnson said on Tuesday, as part of the company's latest plan to become more environmentally friendly. ...

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