Rueters Business News

Reuters: Business News

SKY Italia has appointed Maximo Ibarra as its new chief executive effective Oct. 1 as it expands its business, the Italian unit of U.S. media group Comcast said on Tuesday.

6/25/2019 11:45:37 AM

U.S. consumer confidence tumbled to a 21-month low in June as households grew a bit more pessimistic about business and labor market conditions amid concerns about a recent escalation in trade tensions between the United States and China.

6/25/2019 11:28:28 AM

Facebook's fledgling cryptocurrency faced mounting scrutiny on Tuesday as European central bankers and regulators demanded more detail on the social media giant's Libra project.

6/25/2019 11:18:17 AM

Parcel delivery company United Parcel Service Inc said on Tuesday it would not join rival FedEx Corp's lawsuit against the U.S. government.

6/25/2019 11:14:25 AM

A committee of bondholders of PG&E Corp's utility unit on Tuesday proposed a bankruptcy reorganization plan that would inject up to $30 billion, primarily equity, to help the California power provider emerge from Chapter 11 and address its liability from wildfires.

6/25/2019 11:07:06 AM

Volkswagen's sports-car brand Porsche has to recall almost 340,000 Cayenne and Panamera vehicles due to problems with their automatic transmission, the German company said on Tuesday.

6/25/2019 10:53:57 AM

General Motors Co said on Tuesday it would invest an additional $20 million to upgrade equipment at the automaker's Arlington Assembly plant in Texas, ahead of the launch of full-size sports utility vehicles (SUVs).

6/25/2019 10:49:20 AM

Wall Street lost ground on Tuesday as simmering geopolitical and trade concerns, combined with disappointing economic data, kept buyers at bay and investors looked to remarks from U.S. Federal Reserve chair Jerome Powell expected later in the session.

6/25/2019 10:28:56 AM

Oil prices edged up on Tuesday as investors expected U.S. data due shortly to show declining crude stocks, which outweighed concerns over U.S.-China trade tensions that could weigh on fuel demand.

6/25/2019 9:52:59 AM

Drugmaker AbbVie Inc said on Tuesday it would buy Botox-maker Allergan Plc for about $63 billion, grabbing control of the biggest name in medical aesthetics to help reduce its reliance on blockbuster arthritis treatment Humira.

6/25/2019 9:38:29 AM