Current Market News

Reuters: Business News

Western Digital says Toshiba's actions in chip spat harm customers

Jun 29 2017
TOKYO (Reuters) - Western Digital Corp said on Thursday that legal action and other moves taken by Toshiba Corp in their dispute over the sale of its prized memory chip unit were harming Toshiba's stakeholders and customers.

'Hammer, hammer, hammer': Canada lobbies U.S. before NAFTA talks

Jun 29 2017
CINCINNATI, Ohio (Reuters) - In the baking Ohio heat Canada's trade minister is trying to save NAFTA, one encounter at a time.

High-tech dashboards signal big changes for auto parts suppliers

Jun 29 2017
SAN FRANCISCO (Reuters) - Peer at the instrument panel on your new car and you may find sleek digital gauges and multicolored screens. But a glimpse behind the dashboard could reveal what U.S. auto supplier Visteon Corp found: a mess.

Investors call on Mylan chairman, director to step down

Jun 29 2017
NEW YORK (Reuters) - An investor group led by New York City's comptroller called for Mylan NV's Chairman Robert Coury and Director Wendy Cameron to step down, as part of a campaign against the firm's executive pay packages and high prices for an allergy treatment.

Meal-kit maker Blue Apron goes public, demand underwhelms as Amazon looms

Jun 29 2017
(Reuters) - Blue Apron Holdings Inc , the biggest U.S. meal kit provider, raised $300 million as it went public on Wednesday, a third less than it had hoped, as Amazon.com's industry-changing deal to buy Whole Foods Market Inc weighed on the sector.

Dollar upended by rates reversal, stocks unfazed for now

Jun 29 2017
SYDNEY (Reuters) - The dollar shuddered to its lows for the year on Thursday as a drumbeat of hawkish comments from major central banks signalled the era of easy money might be coming to an end for more than just the United States.

Staples in $6.9 billion sale to private equity firm Sycamore

Jun 28 2017
(Reuters) - Sycamore Partners said on Wednesday it would acquire U.S. office supplies chain Staples Inc for $6.9 billion, a rare bet by a private equity firm this year in the U.S. retail sector, which has been roiled by the popularity of internet shopping.

Fed gives big U.S. banks a green light for buyback, dividend plans

Jun 28 2017
WASHINGTON/NEW YORK (Reuters) - The Federal Reserve has approved plans from the 34 largest U.S. banks to use extra capital for stock buybacks, dividends and other purposes beyond being a cushion against catastrophe.