Reuters: Business News
|GM offers $2.8 billion investment in South Korea over 10 years: South Korea official
SEOUL (Reuters) - General Motors has proposed $2.8 billion of fresh investment into its South Korean operations over the 10 years as part of its plan to restructure the embattled unit, a South Korean senior government official said on Wednesday.
POSTED FEBRUARY 20, 2018 9:46 PM
|Asian stocks led higher by Japan as dollar extends recovery
TOKYO (Reuters) - Japanese shares led Asian markets higher after a weak start on Wednesday, with Japanese export focused companies attracting investors as the dollar gained against the yen thanks to U.S. Treasury debt yields hovering near highs not seen in four years.
POSTED FEBRUARY 20, 2018 10:30 PM
|Exclusive: Japan to buy at least 20 more F-35A stealth fighters - sources
TOKYO (Reuters) - Japan plans to buy at least 20 additional F-35A stealth fighters over the next six years, some or all of which it may purchase directly from Lockheed Martin Corp in the United States rather than assemble locally, three sources said.
POSTED FEBRUARY 20, 2018 10:05 PM
|Qualcomm deals blow to Broadcom's bid with sweetened NXP deal
(Reuters) - U.S. semiconductor company Qualcomm Inc on Tuesday unveiled a sweetened $44 billion agreement to acquire NXP Semiconductors NV , its most defiant move in its defense against a hostile $121 billion bid from Broadcom Ltd .
POSTED FEBRUARY 20, 2018 4:13 PM
|Steven Cohen loses bid to seal lawsuit alleging sexism at Point72
NEW YORK (Reuters) - A U.S. judge on Tuesday rejected billionaire investor Steven A. Cohen's request to temporarily seal a lawsuit accusing his hedge fund firm Point72 Asset Management LP of sexism toward women.
POSTED FEBRUARY 20, 2018 11:09 PM
|Walmart holiday-quarter profit drops, online struggles spook investors
NEW YORK (Reuters) - Walmart Inc , the world's biggest retailer, on Tuesday posted a sharp drop in profit and online sales growth during the critical holiday period and forecast annual profit at the lower end of expectations.
POSTED FEBRUARY 20, 2018 4:07 PM
|Judge denies AT&T access to White House correspondence on Time Warner deal
WASHINGTON (Reuters) - A judge on Tuesday denied AT&T Inc's request to see White House communications that might shed light on whether U.S. President Donald Trump pressured the Department of Justice to try to block the wireless carrier's purchase of Time Warner Inc .
POSTED FEBRUARY 20, 2018 5:10 PM
|HNA property unit pledges 41 percent stake as collateral for loan
HONG KONG (Reuters) - A HNA Group unit said it has pledged about 41 percent of the company as collateral for a loan from a Hong Kong private equity firm, part of a slew of fundraising efforts by the Chinese conglomerate to address a liquidity crunch.
POSTED FEBRUARY 20, 2018 10:43 PM
|South Korea regulator flags better deal for cryptocurrency industry
SEOUL (Reuters) - A better deal for South Korea's cryptocurrency industry might be in the offing as the market regulator changes tack from its tough stance on the virtual coin trade, promising instead to help promote blockchain technology.
POSTED FEBRUARY 20, 2018 11:13 PM
|Thomson Reuters says CEO Jim Smith to make full recovery after arrhythmia incident
TORONTO (Reuters) - Thomson Reuters Corp said on Tuesday Chief Executive Officer Jim Smith is in stable condition after an arrhythmia incident on Feb. 12 and is expected to be released from hospital within the next two weeks.
POSTED FEBRUARY 20, 2018 10:46 AM