Reuters: Business News
|Shift from non-GAAP bottom lines could be good for stock prices
SAN FRANCISCO (Reuters) - Investors worried about lofty stock-market valuations may take comfort in signs that companies in the benchmark S&P 500 index are padding their bottomlines less than they have in previous years.
POSTED AUGUST 18, 2017 8:45 PM
|Summer rumblings could herald a stormy fall for U.S. stocks
NEW YORK (Reuters) - The Trump-fed rally in stocks, lately showing signs of faltering as the long Wall Street summer nears its end, faces a key test in the weeks ahead with the approach of a historically unkind season for equities and a clutch of issues - such as raising the debt ceiling - awaiting the return of lawmakers to Washington.
POSTED AUGUST 18, 2017 3:05 PM
|NAFTA negotiators hone in on origin rules, dispute settlement
WASHINGTON (Reuters) - U.S., Canadian and Mexican negotiators on Friday began digging into some of the thorniest issues in modernizing the North American Free Trade Agreement, including rules of origin for goods produced in the region, services trade and a controversial dispute settlement system.
POSTED AUGUST 18, 2017 6:47 PM
|Stability concerns focus at Fed ahead of Yellen speech
WASHINGTON (Reuters) - The stock market's steady rise, still low long-term bond yields and a sagging dollar are girding the Fed's intent to raise interest rates again this year despite concerns about weak inflation, according to comments this week from Fed officials and analysts anticipating remarks next week by Chair Janet Yellen.
POSTED AUGUST 18, 2017 1:12 PM
|Elliott lawyer says third bidder may top Buffett's Oncor bid
(Reuters) - An unidentified utility could pay $9.3 billion to buy Texas power transmission company Oncor Electric Delivery Co, topping Berkshire Hathaway Inc's $9 billion bid, a lawyer for the largest creditor of Oncor's parent told a U.S. bankruptcy judge on Friday.
POSTED AUGUST 18, 2017 7:55 PM
|Exclusive: Citigroup tops bank group for Petrobras unit IPO - source
SAO PAULO (Reuters) - Citigroup Inc and seven other banks will underwrite the initial public offering of Petróleo Brasileiro SA's fuel distribution unit, which will likely occur in November, a person with direct knowledge of the plan said.
POSTED AUGUST 18, 2017 4:39 PM
|India's Infosys approves up to $2 billion buyback of shares
MUMBAI (Reuters) - India's second-biggest IT firm Infosys said on Saturday it will buy back shares worth up to 130 billion rupees ($2 billion), a day after Vishal Sikka resigned as chief executive after a long-running feud with the company's founders.
POSTED AUGUST 19, 2017 8:06 AM
|Former UAW official charged in Fiat Chrysler payoff probe
(Reuters) - A former senior official at the United Auto Workers trade union was charged on Friday with conspiring with other union officials to accept improper payments from Fiat Chrysler Automobiles NV officials over a four-year period.
POSTED AUGUST 18, 2017 6:07 PM
|U.S. prosecutors recommend three years in prison for VW engineer Liang
DETROIT (Reuters) - Federal prosecutors on Friday recommended a three-year prison sentence for Volkswagen AG engineer James Liang for his role in a diesel emissions scandal that has cost the German automaker as much as $25 billion.
POSTED AUGUST 18, 2017 5:10 PM
|Platinum founder's lawyers ordered not to contact U.S. government witnesses
NEW YORK (Reuters) - A U.S. judge on Friday ordered lawyers defending Platinum Partners founder Mark Nordlicht in a $1 billion fraud case not to communicate with U.S. government witnesses or their lawyers, after prosecutors claimed Nordlicht's lawyers tried to intimidate a key witness.
POSTED AUGUST 18, 2017 4:24 PM