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Asia shares rebound as fidgety U.S. rate fears shift again

Fri, Feb 23, 2018

SYDNEY (Reuters) - Asian shares rebounded on Friday as comments from a Federal Reserve official eased worries about faster rate rises in the United States, while the dollar ticked higher as investors dipped their toes back into riskier assets. ...

GM to propose wage freeze, no bonuses for South Korean workers this year

Thu, Feb 22, 2018

SEOUL (Reuters) - General Motors Co will propose a base wage freeze and no bonuses this year as well a suspension of some worker benefits at its money-losing South Korean unit, in an effort to cut costs, showed an internal letter seen by Reuters on Friday. ...

Regulator in China seizes control of Anbang as chairman prosecuted

Fri, Feb 23, 2018

BEIJING/SHANGHAI (Reuters) - The Chinese government on Friday seized control of Anbang Insurance Group Co Ltd and said its chairman had been prosecuted, a dramatic move that highlighted Beijing's willingness to curtail big-spending conglomerates as it cracks down on financial risk. ...

Airbnb CEO pledges to take more responsibility for impact to housing

Thu, Feb 22, 2018

SAN FRANCISCO (Reuters) - Home-booking company Airbnb has sparred with regulators across the globe, but Chief Executive Brian Chesky on Thursday spoke of coming to terms with his responsibility for how the company can impact housing markets and neighborhoods. ...

With Easy Ride trial, Nissan takes new step toward being Uber competitor

Thu, Feb 22, 2018

YOKOHAMA (Reuters) - Facing a future in which self-driving cars may curb vehicle ownership, Nissan Motor Co is taking its first steps to becoming an operator of autonomous transportation services, hoping to break into a segment set to be dominated by Uber Technologies and other technology firms. ...

HP Inc results beat estimates, raises 2018 profit forecast

Thu, Feb 22, 2018

HP Inc reported first-quarter revenue and profit on Thursday above Wall Street estimates as it sold more personal computers and printers, helping the company raise its full-year profit forecast. ...

U.S. jobless claims near 45-year low as economic outlook brightens

Thu, Feb 22, 2018

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell to a near 45-year low last week, pointing to strong job growth in February and solid momentum in the economy. ...

Trump's call for more gun regulation boosts firearm stocks

Thu, Feb 22, 2018

SAN FRANCISCO (Reuters) - Shares of gunmakers American Outdoor Brands and Sturm Ruger & Company rallied on Thursday after U.S. President Donald Trump advocated tightening background checks for guns in response to last week's high school massacre in Florida. ...

Exclusive: Trump calls meeting on biofuels policy blamed by bankrupt refiner

Fri, Feb 23, 2018

NEW YORK (Reuters) - U.S. President Donald Trump has called a meeting early next week with key senators and Cabinet officials to discuss potential changes to biofuels policy, which is coming under increasing pressure after a Pennsylvania refiner blamed the regulation for its bankruptcy, according to four sources familiar with the matter. ...

Chevrolet Bolt wins top 'green car' from Consumer Reports

Thu, Feb 22, 2018

WASHINGTON (Reuters) - Hyundai Motor Co's Genesis brand topped the annual ranking of new vehicles by influential U.S. magazine Consumer Reports, while General Motors Co's electric Chevrolet Bolt was named top pick for compact green car. ...

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