Reuters Business News

Delaware to begin sports wagering on Tuesday

Delaware is about to gamble that sports betting will be a big hit in the diminutive state. Gov. John Carney announced Thursday that Delaware will begin accepting sports bets on Tuesday at three locations. "Delaware has all necessary legal and regulatory authority to move forward with a full-...

Friday, June 1, 2018, 9:30 AM

South Korea's Hyundai Motor union rejects tentative wage deal

SEOUL (Reuters) - South Korean automaker Hyundai Motor Co's <005380.KS> labor union said on Tuesday its members have rejected the tentative wage deal its leadership had agreed with management last week. The union in a statement said 50.2 percent of 45,...

Monday, December 25, 2017, 7:20 PM

Aston Martin to recall over 5,000 vehicles in U.S.: safety agency

By Karen Brettell (Reuters) - British sportscar maker Aston Martin is recalling around 5,500 vehicles in the United States due to problems with powertrains and battery cables, according to documents posted on the National Highway Traffic Safety...

Monday, December 25, 2017, 2:40 PM

Russia's FinMin: crypto FX should only be traded by professionals

MOSCOW (Reuters) - Russian Finance Minister Anton Siluanov said on Monday that cryptocurrencies should be traded only by professional investors, not in the mainstream. "Professional market participants should work with crypto-currencies, not ordinary people...

Monday, December 25, 2017, 7:20 AM

Russia's standards agency says Nissan to recall 127,738 cars

MOSCOW (Reuters) - Japanese automaker Nissan Motor Co Ltd <7201.T> will recall 127,738 Nissan cars in Russia, Russia's technical safety watchdog Rosstandart said on Monday. Rosstandart said the recall would affect Nissan Note and Nissan Tiida cars...

Monday, December 25, 2017, 6:50 AM

Israel regulator seeks to ban bitcoin firms from stock exchange

By Steven Scheer JERUSALEM (Reuters) - Israel's markets regulator will propose regulation to ban companies based on bitcoin and other digital currencies from trading on the Tel Aviv Stock Exchange, he said on Monday. Shmuel Hauser, the chairman...

Monday, December 25, 2017, 6:20 AM

Kremlin hopes Rosneft/Sistema settlement to be smoothly implemented

MOSCOW (Reuters) - The Kremlin said on Monday it hoped an out-of-court settlement reached between Russia's largest oil producer Rosneft <ROSN.MM> and the Sistema <AFKS.MM> conglomerate would be implemented smoothly. In a phone call with reporters...

Monday, December 25, 2017, 6:10 AM

VW may post excellent 2017 results, CEO tells Welt am Sonntag

BERLIN (Reuters) - Volkswagen <VOWG_p.DE> will report excellent group results this year, its chief executive said, helped by expected record vehicle sales and by spending cuts. The carmaker's popularity with motorists appears to have weathered the...

Sunday, December 24, 2017, 7:20 AM

Keppel pledges to protect dividends from 'one-off' Brazil bribery fine

SINGAPORE (Reuters) - Singapore's Keppel Corp Ltd <KPLM.SI> said the impact of a mammoth fine borne by its offshore unit will be a 'one-off' in this year's earnings and will not impact dividends, as analysts predicted a share-price slump when markets reopen on...

Sunday, December 24, 2017, 2:10 AM

An investor's best friend: China's booming pet market sparks deals

By Anita Li and Adam Jourdan PINGYANG, China/SHANGHAI (Reuters) - Li Mingjie is a pet industry investor's dream. The 23-year-old e-commerce worker spares little expense to make...

Saturday, December 23, 2017, 7:05 PM

Vice Media co-founders apologize for 'boy's club' environment at firm

(Reuters) - Vice Media co-founders issued an apology on Saturday, saying the Millennial-focused media company had allowed a "boy's club" atmosphere that included sexual harassment to flourish. Vice Chief Executive Officer Shane Smith and co-founder Suroosh...

Saturday, December 23, 2017, 6:30 PM

Exclusive: ArcelorMittal tells Ilva it wants to change buying contract

By Massimiliano Di Giorgio and Gavin Jones ROME (Reuters) - Steelmaker ArcelorMittal has told commissioners running Italy's Ilva plant that it wants changes made to the contract in which it agreed to buy the company in order to protect it from legal...

Saturday, December 23, 2017, 9:40 AM

Cheers! Cider, craft beer makers get U.S. tax cut in new year

By Damon Darlin (Reuters) - Makers of craft beer, artisanal spirits, hard cider and mead may lift their glasses a bit higher next year as the result of a little noticed provision in the sweeping tax overhaul the U.S. Congress passed this week....

Saturday, December 23, 2017, 7:15 AM

Boeing seen eyeing broad Embraer deal, but no firm proposal made

By Tim Hepher PARIS (Reuters) - Boeing Co <BA.N> is eyeing a broad partnership with Embraer <EMBR3.SA> reaching beyond commercial aircraft to defense and global services, but its shape hinges on talks with the Brazilian government...

Saturday, December 23, 2017, 6:45 AM

RBS to pay $125 million to settle California mortgage bond claims

By Nate Raymond (Reuters) - Royal Bank of Scotland Group Plc will pay $125 million to resolve claims that it made misrepresentations while selling mortgage-backed securities to two large California pension funds, the state's attorney general has announced...

Friday, December 22, 2017, 11:40 PM

Boeing wins $6.2 billion contract for F-15 aircraft for Qatar: Pentagon

WASHINGTON (Reuters) - Boeing Co <BA.N> has been awarded a $6.2 billion contract for 36 F-15 aircraft for Qatar's air force, the Pentagon said in a statement on Friday. (Reporting by Eric Beech; Editing by Mohammad Zargham)

Friday, December 22, 2017, 5:25 PM

Amgen estimates its U.S. tax bill at over $6 billion as it repatriates cash

NEW YORK (Reuters) - Amgen Inc <AMGN.O> said it expects to incur tax expenses of $6 billion to $6.5 billion over time as it repatriates cash it has accumulated around the world because of the new U.S. tax law signed by President Donald Trump on Friday...

Friday, December 22, 2017, 5:15 PM

Fiat Chrysler to recall 1.8 million trucks to fix shifter issue

(Reuters) - Fiat Chrysler Automobiles NV's U.S. unit said on Friday it would recall about 1.8 million trucks in the United States, Canada, Mexico and some other markets to fix a part if not operating could allow the driver to shift out of park without depressing the brake...

Friday, December 22, 2017, 2:55 PM

Cryptocurrency stocks holding gains despite bitcoin pullback

By Chuck Mikolajczak NEW YORK (Reuters) - Stocks that surged in recent weeks because of the cryptocurrency mania have managed to hold onto most of their gains despite the recent retreat in the price of bitcoin and skepticism from market participants...

Friday, December 22, 2017, 2:10 PM

CSX names Foote as CEO, following death of Harrison

By Eric M. Johnson (Reuters) - CSX Corp <CSX.O>, the third-largest U.S. railroad, on Friday named Jim Foote as chief executive officer, succeeding Hunter Harrison, who died last week only months into the railroad's ambitious turnaround plan...

Friday, December 22, 2017, 2:05 PM