Reuters: Business News

Reuters News
  1. OPEC struggles for deal to ease supply cuts as Iran resists
    VIENNA (Reuters) - OPEC will seek agreement on Friday to raise oil production despite opposition from Iran, which has threatened to block the move as it faces export-crippling U.S. sanctions.
    ...
  2. Uber driver was streaming Hulu show just before self-driving car crash: police report
    SAN FRANCISCO (Reuters) - Police in Tempe, Arizona said evidence showed the "safety" driver behind the wheel of a self-driving Uber was distracted and streaming a television show on her phone right up until about the time of a fatal accident in March,...
  3. Asian shares hit six-month lows as tariffs take economic toll
    TOKYO (Reuters) - Asian shares stumbled to their lowest in six months on Friday, hurt by signs U.S. trade battles with China and many other countries are starting to chip away at corporate profits, while oil prices were choppy before an OPEC meeting to...
  4. Taiwan's Foxconn calls Sino-U.S. trade spat a 'tech war'
    TAIPEI (Reuters) - Foxconn, the world's largest electronics contract manufacturer, on Friday said the U.S. and Chinese governments are engaged in a technology war, not a trade war, describing the spat as the biggest challenge the Taiwanese company is...
  5. Chinese media says U.S. has 'delusions' as impact of trade war spreads
    SHANGHAI/BEIJING (Reuters) - U.S. protectionism is self-defeating and a "symptom of paranoid delusions" that must not distract China from its path to modernization, Chinese state media said on Friday as Beijing kept up with its war of words with...
  6. Exclusive: Tesla to close a dozen solar facilities in nine states - documents
    LOS ANGELES/SAN FRANCISCO (Reuters) - Electric car maker Tesla Inc's move last week to cut 9 percent of its workforce will sharply downsize the residential solar business it bought two years ago in a controversial $2.6 billion deal, according to three...
  7. Favorable U.S. tax ruling gives limited boost to big-box retailers
    NEW YORK (Reuters) - Complying with a U.S. Supreme Court ruling on Thursday that forces online retailers to collect sales tax just like their brick-and-mortar counterparts will be a heavy burden for smaller e-commerce businesses.
    ...
  8. Intel CEO resigns after probe of relationship with employee
    (Reuters) - Intel Corp Chief Executive Brian Krzanich resigned on Thursday after an investigation found he had a consensual relationship with an employee in breach of company policy.
    ...
  9. Disney willing to divest more Fox assets for deal clearance
    (Reuters) - Walt Disney Co said on Thursday it was willing to divest Twenty-First Century Fox Inc assets that generated up to $1 billion in earnings before interest, tax, depreciation and amortization (EBITDA) to get a regulatory nod for the...
  10. Supreme Court lets states force online retailers to collect sales tax
    WASHINGTON (Reuters) - States may force online retailers to collect potentially billions of dollars in sales taxes, the U.S. Supreme Court said in a major ruling on Thursday that undercut an advantage many e-commerce companies have enjoyed over...

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