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PetSmart taps advisers to trim $8 billion debt pile: sources

Global Business News Reuters - Wed, 06/06/2018 - 10:55
(Reuters) - PetSmart Inc, the largest U.S. pet retailer, has hired restructuring advisers to explore ways to trim its debt pile of more than $8 billion as it continues to face falling profits, according to people familiar with the matter.
Categories: Global news, Market News

Tech stocks mixed after recent surge; banks lift S&P, Dow

Global Business News Reuters - Wed, 06/06/2018 - 10:33
(Reuters) - Gains for Amazon and Tesla helped the Nasdaq open at a record high on Wednesday, before the index fell slightly as Facebook led a decline in the technology sector.
Categories: Global news, Market News

Rising exports push U.S. trade deficit to seven-month low

Global Business News Reuters - Wed, 06/06/2018 - 09:17
WASHINGTON (Reuters) - The U.S. trade deficit fell to a seven-month low in April as exports rose to a record high, lifted by an increase in shipments of industrial materials and soybeans.
Categories: Global news, Market News

Swiss prosecutors will not pursue Novartis over Trump lawyer payments

Global Business News Reuters - Wed, 06/06/2018 - 08:49
ZURICH (Reuters) - The Swiss attorney general's office (OAG) said on Wednesday it will not bring proceedings against Novartis in connection with $1.2 million in payments the Swiss drugmaker made to U.S. President Donald Trump's personal lawyer.
Categories: Global news, Market News

Jack Daniel's maker Brown-Forman profit beats, flags tariff worries

Global Business News Reuters - Wed, 06/06/2018 - 08:06
(Reuters) - Brown-Forman Corp edged past Wall Street estimates for fourth-quarter profit on Wednesday but warned that its outlook was clouded by potential retaliatory tariffs from top U.S. trade allies.
Categories: Global news, Market News

Jack Daniel's maker Brown-Forman reports 5.6 percent rise in sales

Global Business News Reuters - Wed, 06/06/2018 - 07:41
(Reuters) - Spirit and wine company Brown-Forman Corp reported a 5.6 percent rise in quarterly sales on Wednesday, helped by higher demand for its signature Tennessee whiskeys.
Categories: Global news, Market News

Qatar Airways boss apologizes for remarks on women CEOs

Global Business News Reuters - Wed, 06/06/2018 - 07:29
SYDNEY (Reuters) - The head of Qatar Airways apologized on Wednesday for saying that a woman could not do his job, while global airlines pledged to speed up efforts to break down gender imbalances in aviation.
Categories: Global news, Market News

Uber jumps into Europe's crowded bike-sharing market

Global Business News Reuters - Wed, 06/06/2018 - 07:17
BERLIN (Reuters) - Uber, the ride-hailing company which has been banned from many European cities, is about to launch its JUMP electric bicycle sharing service in Germany as it diversifies and seeks to build bridges with local authorities.
Categories: Global news, Market News

U.S. house prices to rise at twice the speed of inflation and pay: Reuters poll

Global Business News Reuters - Wed, 06/06/2018 - 07:08
(Reuters) - An acute shortage of affordable homes in the United States will continue over the coming year, according to a majority of property market analysts polled by Reuters, driving prices up faster than inflation and wage growth.
Categories: Global news, Market News

Euro boosted but bonds and stocks cautious after hawkish ECB comments

Global Business News Reuters - Wed, 06/06/2018 - 06:55
LONDON (Reuters) - The euro rose to a ten-day high on Wednesday after hawkish comments from the European Central Bank, adding upward pressure to bond yields and sinking some stocks as worries over Italy also weighed.
Categories: Global news, Market News

Airlines struggle with global pilot shortage

Global Business News Reuters - Wed, 06/06/2018 - 06:49
SYDNEY/BANGKOK/MONTREAL (Reuters) - A growing shortage of airline pilots is putting the industry's recent growth at risk as planes sit idle, higher salaries cut into profits and unions across the globe push for more benefits.
Categories: Global news, Market News

Facebook confirms data sharing with Chinese companies

Global Business News Reuters - Wed, 06/06/2018 - 06:32
WASHINGTON (Reuters) - Facebook Inc said Tuesday it has data sharing partnerships with at least four Chinese companies including Huawei, the world's third largest smartphone maker, which has come under scrutiny from U.S. intelligence agencies on security concerns.
Categories: Global news, Market News

World's top wealth fund opposed Musk's double role at Tesla

Global Business News Reuters - Wed, 06/06/2018 - 04:12
OSLO (Reuters) - Norway's $1 trillion wealth fund said on Wednesday it had backed an initiative to wrest the role of chairman away from Tesla Chief Executive Elon Musk.
Categories: Global news, Market News

Exclusive: China's ZTE signed preliminary agreement to lift U.S. ban: sources

Global Business News Reuters - Wed, 06/06/2018 - 03:18
(Reuters) - ZTE Corp has signed an agreement in principle that would lift a U.S. Commerce Department ban on buying from U.S. suppliers, allowing China's No. 2 telecommunications equipment maker to get back into business, according to sources familiar with the matter.
Categories: Global news, Market News

Asia stocks climb as techs lift Wall Street, Italy still a worry

Global Business News Reuters - Wed, 06/06/2018 - 02:37
TOKYO (Reuters) - Asian stocks rose on Wednesday after tech sector strength lifted Wall Street shares while concerns about Italy's debt prompted investors to move into lower-risk government debt elsewhere, pushing U.S. Treasury yields down from recent highs.
Categories: Global news, Market News

Foxconn imagines life beyond Apple but faces major risks as it diversifies

Global Business News Reuters - Wed, 06/06/2018 - 02:33
TAIPEI (Reuters) - Foxconn, the Taiwanese contract manufacturer that rose to global prominence as the manufacturer of the Apple iPhone, is trying to reinvent itself as smartphone sales plateau and Apple Inc diversifies its supplier base.
Categories: Global news, Market News

Online shopping boom keeps hopes high for air freight profits

Global Business News Reuters - Wed, 06/06/2018 - 02:06
SYDNEY (Reuters) - An explosion of e-commerce demand is buoying the air freight business, boosting profit at some major airlines despite global trade tensions and underscoring robust consumer confidence.
Categories: Global news, Market News

Volatility may hit Wall Street as Alphabet, Facebook leave tech sector group

Global Business News Reuters - Wed, 06/06/2018 - 01:06
SAN FRANCISCO/NEW YORK (Reuters) - Volatility could well be in the cards for Wall Street again early this fall, but not for the same reason stocks got rattled in February.
Categories: Global news, Market News

Tesla 'quite likely' to meet Model 3 goal; Musk remains chairman

Global Business News Reuters - Tue, 06/05/2018 - 23:15
SAN FRANCISCO (Reuters) - Tesla Inc Chief Executive Elon Musk said on Tuesday that building 5,000 Model 3s per week by the end of June was "quite likely" as the company's production lines were now demonstrating the ability to make 3,500 vehicles per week.
Categories: Global news, Market News

Microsoft expands program for women returning to work

Global Business News Reuters - Tue, 06/05/2018 - 21:12
SAN FRANCISCO (Reuters) - Microsoft Corp is expanding a program designed to increase its hiring of women seeking to rejoin the workforce, following a rash of complaints about sexual harassment and gender discrimination at the world's largest software company.
Categories: Global news, Market News
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