Reuters Business News

FAA probes drone sighting over baseball game at Boston's Fenway Park

(Reuters) - The U.S. Federal Aviation Administration said on Friday it was investigating reports that a drone flew over Boston's Fenway Park during a baseball game, and the drone's manufacturer said the user apparently overrode a system designed to prevent flights over prohibited areas such as...

Monday, April 15, 2019, 12:09 PM

'Impossible' meatless patty gets Burger King Whopper test

(Reuters) - Vegetarian burgers may finally be getting the recognition they need to go mainstream. On Monday Burger King and Silicon Valley startup Impossible Foods announced the rollout of the Impossible Whopper in 59 stores in and around St. Louis, Missouri. To mark the launch on April Fool’s day...

Monday, April 1, 2019, 1:14 PM

U.S. Senator Cory Booker (D-NJ) launches bid for 2020 presidential nomination

(Reuters) - U.S. Senator Cory Booker, who gained national prominence in the fight over Supreme Court Justice Brett Kavanaugh, announced on Friday that he would seek the Democratic Party's nomination for the 2020 presidential election, injecting more youthful energy to the expanding Democratic field...

Friday, February 1, 2019, 8:41 AM

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

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

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

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

Boeing seeks to salve Brazil concerns over Embraer approach

By Ricardo Brito and Tim Hepher BRASILIA/PARIS (Reuters) - Boeing Co <BA.N> sought to calm Brazilian concern about a potential tie-up with Embraer SA <EMBR3.SA>...

Friday, December 22, 2017, 1:45 PM

Daimler says U.S. tax reform will lift 2017 net income

FRANKFURT (Reuters) - German carmaker Daimler <DAIGn.DE> said on Friday the U.S. tax reform would result in an income tax benefit of around 1.7 billion euros ($2.01 billion) in its 2017 results. Other issues not connected to the U.S. tax reform will...

Friday, December 22, 2017, 1:05 PM

Republican tax plan to dent U.S. home sales next year

By Arunima Banerjee (Reuters) - U.S. home sales will likely take a hit next year as middle-class Americans receive fewer perks under an overhaul of U.S. taxes and face rising home prices and interest rates, industry experts said. Sales of new...

Friday, December 22, 2017, 10:50 AM

UnitedHealth to buy Chile's Banmedica for $2.8 billion

(Reuters) - UnitedHealth Group Inc <UNH.N> said on Friday it signed a definitive agreement to buy Chilean healthcare company Banmedica SA <BAN.SN> for $2.8 billion, expanding the health insurer's footprint in South America. Banmedica operates...

Friday, December 22, 2017, 9:20 AM

U.S. tax break could push startups to share the wealth

By Heather Somerville SAN FRANCISCO (Reuters) - Startup companies came away with a significant victory in the U.S. tax overhaul -- a chance to defer the often-onerous tax bill that is attached to company stock options. To get the tax break,...

Friday, December 22, 2017, 8:51 AM

Strong U.S. consumer, business spending bolster growth picture

By Lucia Mutikani WASHINGTON (Reuters) - U.S. consumer spending accelerated in November and shipments of key capital goods orders increased for the 10th straight month, data showed on Friday, the latest signs of strong momentum in the economy as the year...

Friday, December 22, 2017, 8:51 AM

Russia backs gradual, managed exit from oil cuts with OPEC

By Olesya Astakhova MOSCOW (Reuters) - OPEC and Russia will exit from oil production cuts very smoothly, possibly extending the curbs in some form to avoid creating any new surplus in the market, the Russian energy minister told Reuters....

Friday, December 22, 2017, 5:45 AM