Reuters: Business News


    Britain's minister for London slams 'blanket ban' on Uber


    LONDON (Reuters) - A British government minister has criticized the London authorities for deciding to strip Uber of its taxi licence, a major setback to the U.S. technology firm that has become a big player in the city's transport system. ...

    LONDON (Reuters) - A British government minister has criticized the London authorities for deciding to strip Uber of its taxi licence, a major setback to the U.S. technology firm that has become a big player in the city's transport system.

    Wells Fargo hires new law firm to prepare CEO for Senate appearance


    NEW YORK (Reuters) - Wells Fargo & Co. has hired law firm Sidley Austin to take the lead in preparing Chief Executive Tim Sloan for his appearance before the U.S. Congress next month to answer questions about a year-long sales practices scandal,...

    NEW YORK (Reuters) - Wells Fargo & Co. has hired law firm Sidley Austin to take the lead in preparing Chief Executive Tim Sloan for his appearance before the U.S. Congress next month to answer questions about a year-long sales practices scandal, according to four sources with knowledge of the decision.

    Take Five: World markets themes for the week ahead


    LONDON (Reuters) - Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. ...

    LONDON (Reuters) - Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.

    Shorting volatility: Rising risks mean itchier trigger fingers


    NEW YORK (Reuters) - A long stretch of low volatility for U.S. stocks has made betting on continued calm a popular and lucrative trade, but traders and strategists warn that risks to the trade have mounted, while the potential for profits has shrunk. ...

    NEW YORK (Reuters) - A long stretch of low volatility for U.S. stocks has made betting on continued calm a popular and lucrative trade, but traders and strategists warn that risks to the trade have mounted, while the potential for profits has shrunk.

    Exclusive: T-Mobile, Sprint close to agreeing on deal terms - sources


    (Reuters) - T-Mobile US Inc is close to agreeing tentative terms on a deal to merge with Sprint Corp , people familiar with the matter said on Friday, a major breakthrough in efforts to merge the third and fourth largest U.S. wireless carriers. ...

    (Reuters) - T-Mobile US Inc is close to agreeing tentative terms on a deal to merge with Sprint Corp , people familiar with the matter said on Friday, a major breakthrough in efforts to merge the third and fourth largest U.S. wireless carriers.

    Brazil Supreme Court denies request to release JBS brothers


    SAO PAULO (Reuters) - Brazil Supreme Court Justice Gilmar Mendes on Friday denied a request to release from jail Joesley and Wesley Batista, the brothers who control the world's largest meatpacker JBS SA. ...

    SAO PAULO (Reuters) - Brazil Supreme Court Justice Gilmar Mendes on Friday denied a request to release from jail Joesley and Wesley Batista, the brothers who control the world's largest meatpacker JBS SA.

    Investor group seeks probe into SEC hack, urges data rules delay


    WASHINGTON (Reuters) - A global investor group on Friday called for an independent investigation into a cyber breach at the U.S. Securities and Exchange Commission (SEC) and urged the regulator to delay new data-gathering rules until it could assure...

    WASHINGTON (Reuters) - A global investor group on Friday called for an independent investigation into a cyber breach at the U.S. Securities and Exchange Commission (SEC) and urged the regulator to delay new data-gathering rules until it could assure investors that its computer systems were secure.

    Fed officials in muddle over permanent vs temporary inflation lull


    OKLAHOMA CITY (Reuters) - Federal Reserve officials with competing views about inflation laid out on Friday the quandary facing U.S. policymakers as they wrestle over whether a recent dip in the pace of price increases is trivial, or the result of global...

    OKLAHOMA CITY (Reuters) - Federal Reserve officials with competing views about inflation laid out on Friday the quandary facing U.S. policymakers as they wrestle over whether a recent dip in the pace of price increases is trivial, or the result of global forces that could permanently throw off the Fed's policy calculus.

    Native American tribe moves to dismiss Allergan patent case


    (Reuters) - A Native American tribe holding patents for drugmaker Allergan Plc on Friday moved to dismiss a case brought by generic drug company Mylan NV challenging the patents. ...

    (Reuters) - A Native American tribe holding patents for drugmaker Allergan Plc on Friday moved to dismiss a case brought by generic drug company Mylan NV challenging the patents.

    Wall Street lukewarm on Chipotle's new 'queso' amid customer scorn


    LOS ANGELES (Reuters) - Chipotle Mexican Grill Inc's new "queso" cheese sauce is going over better on Wall Street than on Twitter, where one person called it a "crime against cheese." ...

    LOS ANGELES (Reuters) - Chipotle Mexican Grill Inc's new "queso" cheese sauce is going over better on Wall Street than on Twitter, where one person called it a "crime against cheese."