Reuters: Business News
|Corona owner invests another $4 billion in cannabis producer Canopy
Corona beer maker Constellation Brands will infuse another $4 billion into Canada's top cannabis producer Canopy Growth , the biggest investment in the industry, to capitalize on booming demand for marijuana.
POSTED AUGUST 15, 2018 12:54 PM
|U.S. retail sales, manufacturing data bolster third-quarter economic outlook
U.S. retail sales rose more than expected in July as households boosted purchases of motor vehicles and clothing, suggesting the economy remained strong early in the third quarter.
POSTED AUGUST 15, 2018 12:44 PM
|SEC subpoenas Tesla over Musk's tweets: report
The U.S. Securities and Exchange Commission has sent subpoenas to Tesla Inc regarding Chief Executive Elon Musk's plans to take the company private and his statement that funding was "secured," Fox Business Network reported on Wednesday, citing sources.
POSTED AUGUST 15, 2018 12:30 PM
|Stocks tumble; emerging markets hit as dollar rises, yuan falls
Equities around the world took a dive on Wednesday, with emerging market stocks set to confirm a bear market and the dollar hitting a 13-month high, while weakness in China's yuan rattled investors' nerves.
POSTED AUGUST 15, 2018 12:21 PM
|Swiss ban some Mercedes, Porsche models with manipulated engines
Swiss authorities have halted registering some new Mercedes-Benz Vito and Porsche Macan and Cayenne vehicles whose diesel engines were manipulated to cloak emissions levels, the Astra roads agency said on Wednesday.
POSTED AUGUST 15, 2018 12:18 PM
|Margin worries send Macy's shares tumbling after profit beat
Macy's Inc on Wednesday said its gross margins would shrink in the fall season as delivery expenses rise, overshadowing a quarterly sales and profit beat and sending shares down more than 13 percent.
POSTED AUGUST 15, 2018 12:01 PM
|Turkey doubles tariffs on some U.S. imports; lira rallies
Turkey doubled tariffs on some U.S. imports including alcohol, cars and tobacco on Wednesday in retaliation for U.S. moves, but the lira rallied further after the central bank's liquidity moves had the effect of supporting the currency.
POSTED AUGUST 15, 2018 11:54 AM
|Wall St. slides as strong dollar, trade fears trigger risk aversion
The three main U.S. stock indexes slid more than 1 percent on Wednesday in a broad decline over concerns about the strengthening dollar, Turkey's currency crisis and United States' trade relations with its partners.
POSTED AUGUST 15, 2018 11:44 AM
|From blue lipstick to Facebook Live, home shopping networks refine their pitch
HSN, once known as the Home Shopping Network, is getting an image makeover.
POSTED AUGUST 15, 2018 11:02 AM
|Uber told by investors to sell self-driving unit: The Information
Investors have told Uber Technologies Inc [UBER.UL] it would be wise to sell off its self-driving car unit after it racked up losses of $125 million to $200 million each quarter for the past 18 months, tech news site The Information reported on Wednesday, citing an unnamed person familiar with the issue.
POSTED AUGUST 15, 2018 10:44 AM