Business

Toshiba Prepares To Unveil Nuclear Hole, Other Perils Threaten

Toshiba Corp (6502.T) will on Tuesday detail a writedown of close to $6 billion after bruising cost overruns at its U.S. nuclear arm, turning investor attention to the Japanese group's efforts to fix that and other balance sheet headaches. The...

Mexicans Back President’s Trump Snub Despite Mounting Disapproval

Mexicans approve of President Enrique Pena Nieto's decision to withdraw from a planned summit with U.S. counterpart Donald Trump, even as the Mexican leader's popularity has sunk to a four-year low, a poll showed on Tuesday. The survey, by polling...

Time Warner Reports 11.47 Percent Rise In Revenue

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Time Warner Inc (TWX.N), which is in the process of being bought by AT&T Inc (T.N), reported an 11.47 rise in quarterly revenue, helped by the success of the "Harry Potter" spinoff "Fantastic Beasts and Where To Find Them." The...

Disney CEO Iger Says He Is Open To Extending His Term

Chief Executive Bob Iger said on Tuesday he is open to extending his term as the head of Walt Disney Co (DIS.N), offering investors a sign of potential stability at the media company as it reported a dip in...

Bank Of America Opens Branches Without Employees

Bank of America Corp has opened three completely automated branches over the past month, where customers can use ATMs and have video conferences with employees at other branches, according to spokeswoman Anne Pace. Like many U.S. banks in recent years,...

Trump’s Policies To Drive FX, But Strong Dollar Here To Stay: Reuters Poll

The dollar will resume its upward climb in the coming year, but extreme near-term moves in either direction are possible, driven more by U.S. President Donald Trump's expected fiscal stimulus than by his words, a Reuters poll found. After mostly...

U.S. Reversal On Transparency Could Sting Canadian, European Oil Companies

Canadian and European oil companies will find themselves at a competitive disadvantage to their American rivals if U.S. lawmakers scrap tighter transparency requirements on the industry, as expected, according to company executives, legal experts and trade groups. The U.S. Senate...

Battered Toshiba Seeks Exit From UK, India In Nuclear Retreat

Toshiba Corp plans to withdraw from its lead role in projects to build nuclear plants in Britain and India, sources with direct knowledge of the matter said, marking a retreat as it wrestles with an imminent multi-billion dollar writedown. Such...

FBI Request For Twitter Account Data

The FBI appeared to go beyond the scope of existing legal guidance in seeking certain kinds of internet records from Twitter (TWTR.N) as recently as last year, legal experts said, citing two warrantless surveillance orders the social media company...

Apple Strategy In ‘Smart Home’ Race Threatened By Amazon

In less than a year, Amazon's combination of the Echo speaker system and the Alexa voice-controlled digital assistant has come close to delivering on the elusive promise of easy-to-use technology that can control gadgets in the home with a...