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Reuters Daily

Reuters Business

FTC probing allegations of Amazon's deceptive discounting

Fri, Jul 21, 2017

WASHINGTON (Reuters) - As part of its review of Amazon's agreement to buy Whole Foods, the Federal Trade Commission is looking into allegations that Amazon misleads customers about its pricing discounts, according to a source close to the probe. ...

Euro at two-year high, Asian shares barely budge

Fri, Jul 21, 2017

TOKYO (Reuters) - The euro held near two-year highs against the dollar on Friday after the head of the European Central Bank said tapering of its stimulus will be on the table this autumn, while a solid global economic outlook kept Asian share prices near decade highs. ...

Siemens exits Russian JV after Crimea turbines scandal

Fri, Jul 21, 2017

FRANKFURT (Reuters) - German industrial group Siemens will exit its Russian power-plant joint venture Interautomatika following a scandal that saw four gas turbines it sold for use in Russia turn up in Crimea, a region subject to EU sanctions on energy technology. ...

Exxon sues U.S. over fine levied for Russia deal under Tillerson

Fri, Jul 21, 2017

WASHINGTON/HOUSTON (Reuters) - Exxon Mobil Corp sued the U.S. government on Thursday, blasting as "unlawful" and "capricious" a $2 million fine levied against it for a three-year-old oil joint venture with Russia's Rosneft. ...

Exclusive: U.S. toughens stance on foreign deals in blow to China's buying spree

Fri, Jul 21, 2017

(Reuters) - A secretive U.S. government panel has objected to at least nine acquisitions of U.S. companies by foreign buyers so far this year, people familiar with the matter said, a historically high number that bodes poorly for China's overseas buying spree. ...

Chinese courier ZTO sued for "untrue statements" in $1.4 billion U.S. IPO

Fri, Jul 21, 2017

SHANGHAI (Reuters) - Chinese courier ZTO Express and the underwriters of its New York stock market listing have been sued by a U.S. pension fund that alleges the firm exaggerated its profit margins to lure investors into its $1.4 billion initial public offering. ...

Tech group sides with Apple in Qualcomm's iPhone ban dispute

Thu, Jul 20, 2017

(Reuters) - A group representing major technology companies has aligned itself against Qualcomm Inc in its legal dispute with Apple Inc by calling on regulators to reject Qualcomm's bid to ban the import of iPhones. ...

Microsoft profit beats expectations on strong cloud demand

Thu, Jul 20, 2017

SAN FRANCISCO (Reuters) - Microsoft on Thursday reported strong fourth-quarter earnings on the back of its fast-growing cloud computing business, stoking optimism that the once-stagnant company has found a new groove. ...

AstraZeneca CEO reassures staff, aims to be at September cancer meet

Fri, Jul 21, 2017

LONDON (Reuters) - AstraZeneca Chief Executive Pascal Soriot, responding to rumors he might leave the drugmaker to join rival Teva Pharmaceutical Industries, has told staff he expects to work together with employees to see the company succeed. ...

U.S. attempt to limit Wall Street bonuses fizzles out quietly

Thu, Jul 20, 2017

WASHINGTON (Reuters) - The regulatory agenda released by the Trump administration on Thursday contained a signal that the U.S. government has halted its work on restricting Wall Street executives' bonuses and other pay incentives. ...

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