Category Archives: Business

Exclusive – U.S. states pass laws backing Uber's view of drivers as contractors

By Heather Somerville & Dan Levine SAN FRANCISCO (Reuters) – State legislators in Ohio & Florida are moving ahead with regulations governing Uber & other ride services that would designate…

NICE endorses Novartis heart drug for some patients

LONDON (Reuters) – Novartis's huge new drug hope Entresto has been recommended for use in some patients with heart failure by Britain's cost agency NICE, which said on Friday it…

John Lewis weekly department store sales up 3.5 percent

LONDON, (Reuters) – John Lewis [JLP.UL] [JLPLC.UL], Britain's biggest department store group, said on Friday its sales rose 3.5 percent year-on-year in the week to Dec. 5, partly driven by…

Activist pressure helps reshape U.S. corporates, from Yahoo to Dow

By Michael Flaherty NEW YORK (Reuters) – Activist investors are building bigger stakes in bigger companies & their influence is helping reshape the landscape of corporate USA. Merger discussions between…

U.S. crude oil holds near 2009 lows as global glut persists

By Henning Gloystein SINGAPORE (Reuters) – U.S. crude prices remained near 2009 lows in early Asian trading on Friday as oil output in the Middle East continued to rise despite…

U.S. updates jet-engine technology transfer policy with India

By David Brunnstrom WASHINGTON (Reuters) – The United States has updated its policy on gas-turbine engine technology transfer to India, a move that should lead to expanded cooperation in production…

Asia stocks head for weekly loss as commodity rout saps confidence

By Lisa Twaronite TOKYO (Reuters) – Asian shares edged higher on Friday yet remained on track for a weekly loss as lower crude prices kept markets on edge after a…

Former Odebrecht CEO formalises departure after six months in jail

SAO PAULO (Reuters) – Marcelo Odebrecht, the former chief executive of Grupo Odebrecht, has formalised his departure from Latin America's largest engineering group after six months in prison on corruption…

Japan finmin says extra stimulus spending to be about $28.7 billion

TOKYO (Reuters) – Japanese Finance Minister Taro Aso said on Friday the government's extra spending to stimulate the economy would total approximately 3.5 trillion yen (18.94 billion pounds) for the…

New draft climate deal emerges as Paris talks near end

LE BOURGET, France (AP) — French Foreign Minister Laurent Fabius on Thursday presented a new draft of a global climate accord that showed headway on some key issues & stalemate…