Reuters: Business News

    The night a Chinese billionaire was accused of rape in Minnesota


    With the Chinese billionaire Richard Liu at her Minneapolis area apartment, a 21-year-old University of Minnesota student sent a WeChat message to a friend in the middle of the night. She wrote that Liu had forced her to have sex with him. ...

    With the Chinese billionaire Richard Liu at her Minneapolis area apartment, a 21-year-old University of Minnesota student sent a WeChat message to a friend in the middle of the night. She wrote that Liu had forced her to have sex with him.

    Amazon made two moves for Deliveroo, one nine months ago: Telegraph


    Amazon.com Inc made two preliminary approaches for British online food delivery company Deliveroo, the latest one about nine months ago, the Telegraph reported on Monday. ...

    Amazon.com Inc made two preliminary approaches for British online food delivery company Deliveroo, the latest one about nine months ago, the Telegraph reported on Monday.

    Boeing wins first leg of $2.4 billion helicopter deal from U.S. Air Force


    The U.S. Air Force awarded Boeing Co a $376 million contract to build four helicopters in the first leg of a $2.38 billion deal to replace the fleet of 46-year-old UH-1N Huey helicopters. ...

    The U.S. Air Force awarded Boeing Co a $376 million contract to build four helicopters in the first leg of a $2.38 billion deal to replace the fleet of 46-year-old UH-1N Huey helicopters.

    Starbucks plans changes to company structure, layoffs


    Starbucks Corp is planning an organizational restructuring including leadership changes, according to a memo from its Chief Executive Officer Kevin Johnson. ...

    Starbucks Corp is planning an organizational restructuring including leadership changes, according to a memo from its Chief Executive Officer Kevin Johnson.

    Canada's Barrick Gold to buy Randgold for $6.5 billion


    Canada's Barrick Gold Corp has agreed to buy Randgold Resources Ltd in an all-stock deal valuing the Africa-focused miner at $6.5 billion, to create the world's largest gold producer in an industry under investor pressure to put capital to good use. ...

    Canada's Barrick Gold Corp has agreed to buy Randgold Resources Ltd in an all-stock deal valuing the Africa-focused miner at $6.5 billion, to create the world's largest gold producer in an industry under investor pressure to put capital to good use.

    Wall Street falls as U.S.-China tariffs kick in


    The S&P 500 and the Dow closed lower on Monday after a new round of U.S.-China trade tariffs kicked in, dampening last week's hopes for talks between the two countries, and as investors awaited a widely expected interest rate hike by the Federal...

    The S&P 500 and the Dow closed lower on Monday after a new round of U.S.-China trade tariffs kicked in, dampening last week's hopes for talks between the two countries, and as investors awaited a widely expected interest rate hike by the Federal Reserve.

    Citigroup settles U.S. robo-signing case tied to consumer bankruptcies


    Citigroup Inc will pay $5 million to address "robo-signed" proofs of claim filed in consumer bankruptcy cases involving 71,448 Macy's-branded credit card accounts, the U.S. Department of Justice announced on Monday. ...

    Citigroup Inc will pay $5 million to address "robo-signed" proofs of claim filed in consumer bankruptcy cases involving 71,448 Macy's-branded credit card accounts, the U.S. Department of Justice announced on Monday.

    Global stock markets fall on trade war pessimism; oil rallies


    Stock markets around the world retreated on Monday amid concerns over the potential wider impact of a trade spat between China and the United States, while oil prices rallied to a four-year high after OPEC ignored U.S. calls to raise supply. ...

    Stock markets around the world retreated on Monday amid concerns over the potential wider impact of a trade spat between China and the United States, while oil prices rallied to a four-year high after OPEC ignored U.S. calls to raise supply.

    New GM-built 'Beast' presidential limo makes Trump debut


    The latest version of the heavily armored U.S. presidential limousine known as "The Beast" is making its debut in New York City this week. ...

    The latest version of the heavily armored U.S. presidential limousine known as "The Beast" is making its debut in New York City this week.

    Wall Street's S&P communication sector starts with slight gain


    The new S&P 500 communication services sector , which includes such high-profile names as Facebook Inc , Alphabet Inc and Netflix Inc , made its debut on Monday with a small gain, after the largest-ever overhaul of Wall Street's broad business sectors. ...

    The new S&P 500 communication services sector , which includes such high-profile names as Facebook Inc , Alphabet Inc and Netflix Inc , made its debut on Monday with a small gain, after the largest-ever overhaul of Wall Street's broad business sectors.

    Tesla is making its own car carriers


    Tesla Inc is building its own car carriers, as the electric carmaker faces vehicle distribution problems. ...

    Tesla Inc is building its own car carriers, as the electric carmaker faces vehicle distribution problems.

    Walmart, Sam's Club to put food products on blockchain


    Walmart and its unit Sam's Club said on Monday leafy greens suppliers will be asked to implement real-time, farm-to-store tracking using blockchain technology by next September, as the retailer tackles food-safety incidents. ...

    Walmart and its unit Sam's Club said on Monday leafy greens suppliers will be asked to implement real-time, farm-to-store tracking using blockchain technology by next September, as the retailer tackles food-safety incidents.

    China says U.S. trying to force it to submit on trade as new tariffs kick in


    The United States and China imposed fresh tariffs on each other's goods on Monday as the world's biggest economies showed no signs of backing down from an increasingly bitter trade dispute that is expected to hit global economic growth. ...

    The United States and China imposed fresh tariffs on each other's goods on Monday as the world's biggest economies showed no signs of backing down from an increasingly bitter trade dispute that is expected to hit global economic growth.

    UK's Debenhams can grow again, says boss


    The boss of Britain's Debenhams came out fighting on Monday, saying the department store chain's troubles had been exaggerated and insisting the business has a future. ...

    The boss of Britain's Debenhams came out fighting on Monday, saying the department store chain's troubles had been exaggerated and insisting the business has a future.

    Michael Kors set to snap up Italy's Versace: sources


    U.S. fashion group Michael Kors has agreed to take control of Versace in a deal that could value one of Italy's most prized designers at $2 billion, sources familiar with the matter said on Monday. ...

    U.S. fashion group Michael Kors has agreed to take control of Versace in a deal that could value one of Italy's most prized designers at $2 billion, sources familiar with the matter said on Monday.

    U.S., European Union still in 'exploratory' talks on trade - EU's Malmstrom


    The European Union and the United States are still in exploratory talks about how they can pursue a limited trade agreement, with no real negotiations yet started, EU Trade Commissioner Cecilia Malmstrom said on Monday. ...

    The European Union and the United States are still in exploratory talks about how they can pursue a limited trade agreement, with no real negotiations yet started, EU Trade Commissioner Cecilia Malmstrom said on Monday.

    Sirius XM to buy Pandora in $3.5 billion streaming push


    Satellite radio company Sirius XM Holdings Inc will buy online music service Pandora Media Inc in a $3.5 billion all-stock deal that will help it battle growing competition from streaming rivals Spotify and Apple Music. ...

    Satellite radio company Sirius XM Holdings Inc will buy online music service Pandora Media Inc in a $3.5 billion all-stock deal that will help it battle growing competition from streaming rivals Spotify and Apple Music.

    United Technologies explores sale of Chubb Fire & Security: sources


    United Technologies Corp is exploring a sale of its Chubb Fire & Security division for more than $3 billion, people familiar with the matter said on Monday. ...

    United Technologies Corp is exploring a sale of its Chubb Fire & Security division for more than $3 billion, people familiar with the matter said on Monday.

    Uber's strongest growth comes in depressed Argentina -- minus commissions


    Uber's fastest-growing market in the world is now Argentina, company executives say, attributing the expansion to the nation's sudden economic unraveling, which has boosted unemployment and sliced the purchasing power of Argentines. ...

    Uber's fastest-growing market in the world is now Argentina, company executives say, attributing the expansion to the nation's sudden economic unraveling, which has boosted unemployment and sliced the purchasing power of Argentines.

    Sky's shares jump after Comcast wins auction with big bet


    Sky shares jumped 9 percent on Monday to within touching distance of what Comcast will pay to buy Europe's biggest pay-TV group after seeing off competition from Twenty-First Century Fox . ...

    Sky shares jumped 9 percent on Monday to within touching distance of what Comcast will pay to buy Europe's biggest pay-TV group after seeing off competition from Twenty-First Century Fox .