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Miner Grupo Mexico blames freight train derailments on 'sabotage'

Global Business News Reuters - 3 hours 43 min ago
MEXICO CITY (Reuters) - Mexican miner and infrastructure firm Grupo Mexico on Friday said in a statement that seven freight train derailments were due to "sabotage" and would cost the company 312 million pesos ($16 million).
Categories: Global news, Market News

Audi CEO says diesel crisis not over and vows to stay on: report

Global Business News Reuters - Fri, 05/25/2018 - 22:07
FRANKFURT (Reuters) - Audi Chief Executive Rupert Stadler said the diesel emissions affair was not over and promised to stay at the helm of the German luxury car maker, a German newspaper reported on Saturday.
Categories: Global news, Market News

U.S. reaches deal to keep China's ZTE in business: congressional aide

Global Business News Reuters - Fri, 05/25/2018 - 21:21
WASHINGTON (Reuters) - The Trump administration told lawmakers the U.S. government has reached a deal to put Chinese telecommunications company ZTE Corp back in business after it pays a significant fine and makes management changes, a senior congressional aide said on Friday.
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Investors find little appetite for consumer staples

Global Business News Reuters - Fri, 05/25/2018 - 19:38
(Reuters) - The consumer staples index , the S&P 500's biggest laggard for 2018, could have further to fall and may even look less appealing as a defensive play in the event the economy turns sour.
Categories: Global news, Market News

U.S. jury fails to reach verdict in latest J&J talc trial

Global Business News Reuters - Fri, 05/25/2018 - 19:22
NEW YORK (Reuters) - A South Carolina jury on Friday could not agree on a verdict in a case of a woman whose family said her long-term use of Johnson & Johnson's Baby Powder led to her death from asbestos-related cancer, resulting in a mistrial.
Categories: Global news, Market News

S&P, Dow fall as oil drop hurts energy; chipmakers boost Nasdaq

Global Business News Reuters - Fri, 05/25/2018 - 17:42
NEW YORK (Reuters) - The S&P 500 and the Dow eased on Friday after a steep drop in oil prices pressured energy stocks, but losses were limited by gains in chipmakers and retail stocks.
Categories: Global news, Market News

Exclusive: Tesla flies in new battery production line for Gigafactory

Global Business News Reuters - Fri, 05/25/2018 - 17:18
FRANKFURT/SAN FRANCISCO (Reuters) - Tesla Inc has flown six planes full of robots and equipment from Europe to California in an unusual, high-stakes effort to speed up battery production for its Model 3 electric sedan, people familiar with the matter told Reuters this week.
Categories: Global news, Market News

FBI warns Russians hacked hundreds of thousands of routers

Global Business News Reuters - Fri, 05/25/2018 - 16:17
(Reuters) - The FBI warned on Friday that Russian computer hackers had compromised hundreds of thousands of home and office routers and could collect user information or shut down network traffic.
Categories: Global news, Market News

T-Mobile says ex-Trump campaign manager advising on Sprint merger

Global Business News Reuters - Fri, 05/25/2018 - 16:16
WASHINGTON (Reuters) - T-Mobile US said it is getting advice on its proposed $26 billion merger with Sprint Corp from a lobbying firm whose staff includes several members of President Donald Trump's election team such as former campaign manager Corey Lewandowski.
Categories: Global news, Market News

Trump metals tariffs make Granite City great again, but at what cost?

Global Business News Reuters - Fri, 05/25/2018 - 15:06
GRANITE CITY, Ill. (Reuters) - After Donald Trump was elected president in 2016 on a pledge to "Make America Great Again" and revive the country's old industrial heartland, Dave Chrusciel hoped someday to return to his previous job at the steel mill here in this southern corner of Illinois.
Categories: Global news, Market News

Daimler threatened with recall of over 600,000 diesel models: Spiegel

Global Business News Reuters - Fri, 05/25/2018 - 09:44
BERLIN (Reuters) - Daimler faces a recall order for more than 600,000 diesel-engine vehicles including C-Class and G-Class models because of suspected emissions manipulation, German magazine Der Spiegel reported on Friday.
Categories: Global news, Market News

Mexico minister: 40 percent chance of NAFTA deal before July election

Global Business News Reuters - Fri, 05/25/2018 - 09:41
MEXICO CITY (Reuters) - There is about a 40 percent chance of concluding the renegotiation of the North American Free Trade Agreement (NAFTA) before Mexico's presidential election on July 1, Mexican Economy Minister Ildefonso Guajardo said on Friday.
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Fiat Chrysler recalls 4.8 million U.S. vehicles for cruise control defect

Global Business News Reuters - Fri, 05/25/2018 - 09:40
WASHINGTON (Reuters) - Fiat Chrysler Automobiles NV said on Friday it is recalling 4.8 million U.S. vehicles over a defect that could prevent drivers from deactivating cruise control and warned owners not to use the function until they get software upgrades.
Categories: Global news, Market News

Wall Steet opens marginally lower on oil slump

Global Business News Reuters - Fri, 05/25/2018 - 09:38
(Reuters) - U.S. stocks opened slightly lower on Friday following a steep drop in oil prices and disappointing corporate results that soured sentiment at the end of a week dominated by concerns over North Korea and trade tensions with China.
Categories: Global news, Market News

Tesla settles class action lawsuit over 'dangerous' Autopilot system

Global Business News Reuters - Fri, 05/25/2018 - 09:11
NEW YORK (Reuters) - Tesla on Thursday reached an agreement to settle a class action lawsuit with buyers of its Model S and Model X cars who alleged that the company's assisted-driving Autopilot system was "essentially unusable and demonstrably dangerous."
Categories: Global news, Market News

Tax-dodge strategists probe loopholes in new U.S. law, IRS wary

Global Business News Reuters - Fri, 05/25/2018 - 09:10
WASHINGTON (Reuters) - Tax experts for global corporations are hot on the trail of loopholes in the sweeping tax law approved in December by President Donald Trump and Republicans in the U.S. Congress.
Categories: Global news, Market News

Exclusive: China Inc tightens reins on debt, raises specter of slowdown

Global Business News Reuters - Fri, 05/25/2018 - 07:26
SHANGHAI/BENGALURU (Reuters) - Debt growth for Chinese companies has slowed to the lowest rate in more than a decade, according to Reuters analysis, which could provide relief for policymakers worried about the fallout from years of loose lending practices across the economy.
Categories: Global news, Market News

New privacy law forces some U.S. media offline in Europe

Global Business News Reuters - Fri, 05/25/2018 - 06:36
LONDON (Reuters) - Major U.S.-media outlets including the LA Times and Chicago Tribune were forced to shutter their websites in parts of Europe on Friday following the roll out of stringent new privacy regulations by the European Union.
Categories: Global news, Market News

U.S. Commerce's Ross to visit China for trade talks in early June

Global Business News Reuters - Thu, 05/24/2018 - 23:44
BEIJING (Reuters) - U.S. Commerce Secretary Wilbur Ross will visit China early next month for another round of talks amid ongoing trade frictions between the world's two largest economies.
Categories: Global news, Market News

Stock market value of Netflix eclipses Disney for first time

Global Business News Reuters - Thu, 05/24/2018 - 19:13
SAN FRANCISCO (Reuters) - Netflix's stock market value ballooned to a record $153 billion on Thursday and eclipsed Walt Disney Co for the first time, making it the world's most valuable entertainment company, following a monumental shift by viewers away from cinemas and cable television.
Categories: Global news, Market News
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