Current Market News

Reuters: Business News

Sexual harassment allegations spark review, meeting at Fidelity: WSJ

Oct 22 2017
NEW YORK (Reuters) - Fidelity Investments has hired a consulting firm to review employee behavior amid allegations of sexual harassment at the U.S. money manager stretching back years, the Wall Street Journal reported on Sunday.

Tesla reaffirms effort to build cars in China; mum on deal report

Oct 22 2017
(Reuters) - Electric car maker Tesla Inc reaffirmed on Sunday it is talking with the Shanghai municipal government to set up a factory in the region and expects to agree on a plan by the end of the year, but declined to comment on a report that a deal has been reached.

Airbus turmoil overshadows bid to rescue CSeries

Oct 22 2017
PARIS (Reuters) - Airbus's coup in buying a $6 billion Canadian jetliner project for a dollar stunned investors and took the spotlight off a growing ethics row last week, but internal disarray has raised questions over how smoothly it can implement the deal.

Stock market's future in Trump's hands as Federal Reserve chair pick looms

Oct 22 2017
NEW YORK (Reuters) - Investors awaiting the nomination of the next Federal Reserve chair are hoping whoever is nominated pursues the same monetary policy that has supported rising stock prices for the past nine years.

Henkel may make U.S. acquisitions: CEO in newspaper

Oct 22 2017
FRANKFURT (Reuters) - German consumer goods group Henkel may further expand its business in the United States via acquisitions, Chief Executive Hans van Bylen told Welt am Sonntag in an interview.

Japan's Mitsubishi, U.S. partner to invest $1.8 billion in data centers: media

Oct 21 2017
TOKYO (Reuters) - Japanese trading house Mitsubishi Corp plans to set up a joint venture with U.S. data center operator Digital Realty Trust and build around 10 data centers in Japan by 2022 for 200 billion yen ($1.8 billion), the Nikkei said on Saturday.

California judge tosses $417 million talc cancer verdict against Johnson & Johnson

Oct 21 2017
(Reuters) - A California judge on Friday threw out a $417 million verdict against Johnson & Johnson in a lawsuit by a woman who claimed she developed ovarian cancer after using its talc-based products like Johnson's Baby Powder for feminine hygiene.

China says will guide private capital into higher growth areas

Oct 21 2017
BEIJING (Reuters) - China will introduce measures aimed at guiding private investment into areas that have a higher growth potential, a senior official with the state planning agency said on Saturday.