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Reuters: Business News
- With inflation low, Fed can boost job market: Daly November 17, 2019Sluggish inflation gives the Federal Reserve the leeway to keep borrowing costs low and help draw more workers into the labor market, San Francisco Federal Reserve Bank President Mary Daly said on Saturday.
- Nissan recalls nearly 400,00 vehicles over braking system defect November 17, 2019Japan's Nissan Motor Co Ltd has said it is recalling 394,025 cars in the United States over a braking system defect, causing concerns that a brake fluid leak could potentially lead to a fire.
- UK's Corbyn: Labour to exclude NHS, medicines from trade deals with U.S. November 16, 2019UK opposition leader Jeremy Corbyn said the Labour Party will exclude Britain's National Health Service and medicines from trade deals with the United States, as he accused Prime Minister Boris Johnson of covering up "secret talks" on the NHS.
- U.S. to extend license for its companies to continue business with Huawei: sources November 16, 2019The Trump administration is set to issue a two-week extension of a license allowing U.S. companies to continue doing business with China's Huawei Technologies Co Ltd, two sources familiar with the deliberations said.
- Boeing says timing of 737 MAX return in hands of regulators November 16, 2019Boeing moved on Saturday to ease tensions with regulators over the return to service of its 737 MAX, saying it was up to the U.S. Federal Aviation Administration and its global counterparts to approve changes to the jet in the wake of two accidents.
- U.S. charges another ex-JPMorgan executive with alleged market manipulation November 16, 2019The Department of Justice has charged another former JPMorgan Chase & Co executive with alleged racketeering and manipulating precious metals prices between 2008 and 2016, the latest in a string of similar prosecutions.
- Ford's UAW members vote to ratify new four-year contract November 16, 2019The United Auto Workers union said on Friday that rank-and-file members at Ford Motor Co have voted in favor of a new four-year labor contract with the No. 2 U.S. automaker.
- Microsoft to probe work of Israeli facial recognition startup it funded November 16, 2019Microsoft Corp has hired former U.S. Attorney General Eric Holder to investigate whether the use of facial recognition technology developed by an Israeli startup it funded complies with its ethics principles, the company said on Friday.
- Take Five: Fighting fires November 16, 2019How big a risk is a global economic recession? Recently, hopes of a fledgling growth turnaround were doused by data showing China's factory output growth slowing in October and Japan's economy grinding to a standstill in Q3. And Germany only narrowly avoided a recession in that period.
- Trade deal hopes, surging health stocks power Wall Street to highs November 16, 2019Wall Street's main stock indexes closed at record levels on Friday, fueled by fresh optimism over a potential calming of U.S.-China trade tensions and by big gains in shares of healthcare companies.
- U.S. FAA regulator head tells team to 'take whatever time needed' on 737 MAX November 16, 2019The head of the U.S. Federal Aviation Administration has told his team to "take whatever time is needed" in their review of Boeing Co's 737 MAX, according to a Nov. 14 memo and video message reviewed by Reuters.
- Factbox: How social media sites handle political ads November 15, 2019Online platforms including Facebook and Alphabet Inc's Google face growing pressure to stop carrying political ads that contain false or misleading claims ahead of the U.S. presidential election.
- Twitter tightens bans on political ads and causes ahead of 2020 U.S. election November 15, 2019Twitter Inc on Friday said its political advertising ban will include references to political candidates or legislation, and it will not allow ads that advocate for a certain outcome on social and political causes.
- Bristol-Myers Squibb wins antitrust approval to buy Celgene, but must divest psoriasis drug November 15, 2019Bristol-Myers Squibb Co and Celgene Corp have won U.S. antitrust approval for their merger on condition that they sell Celgene's psoriasis drug Otezla, the Federal Trade Commission said in a statement on Friday.
- Oklahoma judge reduces Johnson & Johnson opioid payout to $465 million November 15, 2019An Oklahoma judge on Friday said Johnson & Johnson must pay that state $465 million for fueling the opioid epidemic through the deceptive marketing of painkillers, down from his original award of $572 million.
- Exclusive: U.S. regulator rethinking changes to whistleblower program after backlash - sources November 15, 2019The U.S. securities regulator is rethinking a proposal that could weaken a landmark whistleblower program after a pushback from whistleblower lawyers and advocates, people with knowledge of the deliberations told Reuters.
- U.S. Supreme Court to hear Google bid to end Oracle copyright suit November 15, 2019The U.S. Supreme Court on Friday agreed to hear Google's bid to escape Oracle Corp's multi-billion dollar lawsuit accusing Google of infringing software copyrights to build the Android operating system that runs most of the world's smartphones.
- U.S. defense chief rejects Amazon's accusations of bias in cloud contract November 15, 2019U.S. Defense Secretary Mark Esper on Friday rejected any suggestion of bias in a Pentagon decision to award Microsoft Corp an up to $10 billion cloud computing contract, after Amazon.com Inc announced plans to challenge it.
- Amazon challenges Pentagon's $10-billion cloud award to Microsoft November 15, 2019Amazon.com Inc on Thursday said it is contesting the Pentagon's award of an up to $10 billion cloud computing deal to Microsoft Corp , expressing concern that politics got in the way of a fair contracting process.
- U.S. and China have significant differences ahead of trade talks Friday night November 15, 2019Top U.S. and Chinese negotiators are seeking to narrow differences on an initial trade agreement during a Friday evening phone call, but remain split on key issues.