Category Archives: business

Battered GE shares lure some buyers but worst may not be over

NEW YORK (Reuters) – General Electric Co shares stabilized after a brutal slide last week sent the stock near six-year lows, but the worst may not be over.

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Despite Amazon, brick stores are not dead yet

NEW YORK (Reuters) – Just in time for the Black Friday kick-off to holiday season shopping, stock market investors have been handed tools to bet on the decline of brick-and-mortar retail.

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Analysts flee Wall Street with gallows humor as research changes loom

(Reuters) – Having covered financial stocks at big and small banks for more than two decades, David Hilder was accustomed to the ebb and flow of Wall Street job cuts and hiring sprees.

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Exclusive: Mattel snubs Hasbro's latest acquisition approach – sources

(Reuters) – Mattel Inc has rebuffed Hasbro Inc’s latest takeover approach, people familiar with the matter said on Wednesday, casting uncertainty over the potential combination of the world’s two largest toy companies.

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Exclusive: Amazon scraps bundled video service – sources

NEW YORK/LOS ANGELES (Reuters) – Amazon.com Inc has scrapped plans to launch an online streaming service bundling popular U.S. broadcast and cable networks because it believes it cannot make enough money on such a service, people familiar with the matter told Reuters.

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SoftBank says considering investment in Uber but no final agreement reached

TOKYO (Reuters) – Japan’s SoftBank Group Corp said on Tuesday it was considering investing in Uber Technologies Inc but there was no final agreement at this stage.

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GM's electric car sales will meet quotas by 2019, says China chief

BEIJING (Reuters) – General Motors Co’s China joint ventures will be able to generate enough new energy vehicle (NEV) sales volume to account for NEV production quotas by 2019 and without the need to buy credits, GM China chief Matt Tsien said on Monday.

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London mayor supports compromise efforts between regulator and Uber

LONDON (Reuters) – London mayor Sadiq Khan said on Sunday he supported efforts by the city’s transport regulator Transport for London to try to reach a compromise with Uber after the taxi app confirmed it would appeal in a running row over workers’ rights.

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Trans-Pacific trade deal advances without United States

DANANG, Vietnam (Reuters) – Countries in the Trans Pacific Partnership (TPP) trade deal have agreed on the core elements to move ahead without the United States, officials said on Saturday, after last-minute resistance from Canada raised new doubts about its survival.

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China widens foreign access to its giant financial sector

BEIJING (Reuters) – China will raise foreign ownership limits in financial firms in a step granting access to a tantalizing multi-trillion dollar financial services market, as the world’s second-biggest economy seeks to position itself as a major global finance hub.

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