Category Archives: Business

Defections by Sears, Kmart cap week of controversy for Trump brands

(Reuters) – Trump-branded consumer products have suffered new blows, with U.S. retailers Sears Holdings Corp & Kmart Corp discontinuing online sales of 31 Trump Home items, while new details emerged…

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Snap shoots for the sky, promises little in $3 billion IPO pitch

By Lauren Hirsch & Liana B. Baker (Reuters) – Snapchat owner Snap Inc shot the opening salvo in its $3 billion initial public offering on Thursday, outlining aggressive expansion plans…

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Takata to plead guilty, pay $1 billion U.S. penalty over air bag defect

By Paul Lienert & David Shepardson DETROIT/WASHINGTON (Reuters) – Japan's Takata Corp <7312.T> on Friday agreed to plead guilty to criminal wrongdoing & to pay $1 billion to resolve a…

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U.S. stock futures higher as banks kick off fourth-quarter earnings

By Tanya Agrawal (Reuters) – Stock index futures were slightly higher on Friday as Bank of America kicked off the fourth-quarter earnings season, with reports from two other huge U.S….

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Auto executives, with eye on Trump, highlight U.S. investments

By Bernie Woodall & David Shepardson DETROIT (Reuters) – Global auto executives at the Detroit auto show are highlighting their investments in the United States, mindful of President-elect Donald Trump's…

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Iran says it sealed Boeing plane deal at half price

DUBAI (Reuters) – Iran said on Sunday it had negotiated to pay only approximately half the announced price for 80 new Boeing <BA.N> airliners in an order that the American…

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Oil prices edge up on expected U.S. crude inventory draw

By Henning Gloystein SINGAPORE (Reuters) – Oil prices nudged higher on Wednesday on expectations of a U.S. crude inventory draw, although trading activity was muted as markets start to wind…

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Cadillac disavows casting call for 'neo-Nazi' character in brand ad

By Joseph White DETROIT (Reuters) – General Motors Co's Cadillac brand on Saturday disavowed a casting notice that called for an "alt-right (neo nazi)" role in a Cadillac commercial amid…

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