Reuters: Business News

    Stock market value of Netflix eclipses Disney for first time


    SAN FRANCISCO (Reuters) - Netflix's stock market value ballooned to a record $153 billion on Thursday and eclipsed Walt Disney Co for the first time, making it the world's most valuable entertainment company, following a monumental shift by viewers...

    SAN FRANCISCO (Reuters) - Netflix's stock market value ballooned to a record $153 billion on Thursday and eclipsed Walt Disney Co for the first time, making it the world's most valuable entertainment company, following a monumental shift by viewers away from cinemas and cable television.

    Exclusive: U.S. bill would force tech companies to disclose foreign software probes


    WASHINGTON (Reuters) - U.S. tech companies would be forced to disclose if they allowed American adversaries, like Russia and China, to examine the inner workings of software sold to the U.S. military under proposed legislation, Senate staff told Reuters...

    WASHINGTON (Reuters) - U.S. tech companies would be forced to disclose if they allowed American adversaries, like Russia and China, to examine the inner workings of software sold to the U.S. military under proposed legislation, Senate staff told Reuters on Thursday.

    U.S. jury awards Apple $539 million in Samsung patent retrial


    (Reuters) - After nearly five days of deliberations, a U.S. jury on Thursday said Samsung Electronics Co Ltd should pay $539 million to Apple Inc for copying patented smartphone features, according to court documents, bringing a years-long feud between...

    (Reuters) - After nearly five days of deliberations, a U.S. jury on Thursday said Samsung Electronics Co Ltd should pay $539 million to Apple Inc for copying patented smartphone features, according to court documents, bringing a years-long feud between the technology companies into its final stages.

    Wall Street dips after Trump cancels North Korea summit; Netflix gains


    NEW YORK (Reuters) - U.S. stocks ended down slightly on Thursday after President Donald Trump canceled a planned summit with North Korea's Kim Jong Un and threatened to impose tariffs on auto imports, though losses were limited by gains in Netflix and...

    NEW YORK (Reuters) - U.S. stocks ended down slightly on Thursday after President Donald Trump canceled a planned summit with North Korea's Kim Jong Un and threatened to impose tariffs on auto imports, though losses were limited by gains in Netflix and General Electric.

    Tesla's Musk bashes media, proposes credibility check


    (Reuters) - Tesla Inc Chief Executive Elon Musk gained the support on Thursday of more than half a million people on Twitter for plans to create a website evaluating journalists' credibility, spurred by his frustration at media reports about the electric...

    (Reuters) - Tesla Inc Chief Executive Elon Musk gained the support on Thursday of more than half a million people on Twitter for plans to create a website evaluating journalists' credibility, spurred by his frustration at media reports about the electric car maker.

    J&J must pay $4 million in punitive damages in latest asbestos cancer trial


    (Reuters) - A California jury on Thursday ordered Johnson & Johnson to pay $4 million in punitive damages to a woman who said she developed cancer after being exposed to asbestos in the company's baby powder, pushing the total damages award in the case...

    (Reuters) - A California jury on Thursday ordered Johnson & Johnson to pay $4 million in punitive damages to a woman who said she developed cancer after being exposed to asbestos in the company's baby powder, pushing the total damages award in the case to $25.7 million.

    Electric vehicles seen driving cobalt crunch by mid-2020s


    LAS VEGAS (Reuters) - The increasing popularity of electric vehicles may create a crunch for supplies of cobalt in the early-to-mid 2020s, miners and analysts say, adding that small operators trying to start up mines outside Africa could play a bigger...

    LAS VEGAS (Reuters) - The increasing popularity of electric vehicles may create a crunch for supplies of cobalt in the early-to-mid 2020s, miners and analysts say, adding that small operators trying to start up mines outside Africa could play a bigger role over time in satisfying demand for the metal used in rechargeable batteries.

    UAW accuses Musk of threatening Tesla workers over unionization


    (Reuters) - The United Auto Workers union (UAW) has filed a complaint accusing Tesla Inc Chief Executive Elon Musk of illegally threatening to take away benefits from workers who join the union. ...

    (Reuters) - The United Auto Workers union (UAW) has filed a complaint accusing Tesla Inc Chief Executive Elon Musk of illegally threatening to take away benefits from workers who join the union.

    U.S. auto import probe fans tariff fears, riles Asia, Europe


    (Reuters) - A U.S. threat that it may introduce tariffs on foreign auto imports drew strong criticism on Thursday from the country's main business lobbying group, which warned of a "staggering" blow to the industry and the prospect of a global trade...

    (Reuters) - A U.S. threat that it may introduce tariffs on foreign auto imports drew strong criticism on Thursday from the country's main business lobbying group, which warned of a "staggering" blow to the industry and the prospect of a global trade war.

    Car imports probe gives GM, Ford shares tiny lift


    (Reuters) - Shares of General Motors and Ford inched only marginally higher before the bell on Thursday after the Trump administration launched a national security probe into car imports which could lead to new tariffs on foreign competitors while also...

    (Reuters) - Shares of General Motors and Ford inched only marginally higher before the bell on Thursday after the Trump administration launched a national security probe into car imports which could lead to new tariffs on foreign competitors while also stirring trade tensions.