Business

Toshiba Tec Shares Rise More Than 6 Percent On Sale Report

Shares in Toshiba Tec Corp (6588.T) rose more than 6 percent in early Monday trading after a report that Toshiba Corp (6502.T), the parent, is considering selling shares in the company. Toshiba Corp denied a Nikkei business daily report that...

Ford’s Lincoln Plans To Produce Luxury SUV In China By Late 2019

Ford Motor Co's (F.N) luxury unit Lincoln plans to produce luxury SUVs in China by late 2019, as it steps up its move into the world's largest auto market and aims to catch up with German and U.S. rivals...

Vodafone To Add Over 2,000 British Jobs To Improve Services

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Mobile operator Vodafone will create 2,100 new customer service jobs across Britain in the next two years as part of an investment drive to improve operations in its home market. The world's second biggest mobile operator, which competes with BT's...

U.S. Crude Slumps Below $50 After Stocks Build

Oil prices fell on Thursday, extending the biggest falls this year as record U.S. crude inventories kept sentiment weak, pointing to a global glut despite supply cuts. Crude oil stocks in the United States, the world's top oil consumer, surged...

Trump To Meet With U.S. Community Bankers On Regulatory Costs

President Donald Trump will meet with Main Street community bankers on Thursday to learn more about their difficulties in complying with the tougher Dodd-Frank financial regulations enacted after the 2007-2009 financial crisis. The listening session is aimed at helping the...

Toshiba’s Westinghouse Brings In Bankruptcy Lawyers; Disclosure Deadlines Loom

U.S. nuclear firm Westinghouse Electric Co LLC has hired bankruptcy attorneys, in a sign that owner Toshiba Corp (6502.T) is more seriously weighing a Chapter 11 filing as an option to help it rein in a multibillion dollar financial...

Russia’s Putin To Meet Exxonmobil President: Kremlin Spokesman

Russia's President Vladimir Putin was scheduled to meet president of oil major ExxonMobil (XOM.N) Darren Woods on Thursday, Kremlin spokesman Dmitry Peskov said. The meeting was set to take place at the end of the day in Moscow, Peskov told...

Alphabet Lawsuit Against Uber Cements End Of Uneasy Marriage

When Uber Technologies Inc was raising venture capital in 2013, it was one of the hottest deals around – and no one was more eager to write a check than Bill Maris and David Krane of Google's venture...

Murdoch’s Fox Seeks EU Okay For $14.4 Billion Sky Takeover Bid

Rupert Murdoch's Twenty-First Century Fox (FOXA.O) has asked EU antitrust regulators to approve its $14.4 billion takeover bid for European pay-TV company Sky (SKYB.L), a filing on the European Commission showed on Friday. The EU competition enforcer will decide by...

American Express Escalates High-Fee Card Competition

American Express Co (AXP.N) will begin to offer this month $200 a year in Uber rides, plus other new perks, on its Platinum charge cards as it fights to protect its high-end market from JPMorgan Chase & Co (JPM.N)...