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Updated: 12 min 52 sec ago

T-Mobile, Sprint lobby regulators to win U.S. approval for tie-up

40 min 59 sec ago
Senior executives at T-Mobile US Inc and Sprint Corp made the case to U.S. officials in Washington last week that they should approve a planned tie-up between the two wireless companies, arguing a combined firm would have incentives to "aggressively lower prices."
Categories: Business News

Facebook hires State Department lawyer as general counsel

1 hour 6 min ago
Facebook Inc on Monday named the legal adviser to the U.S. State Department as its general counsel, as the social media giant faces growing regulatory hurdles and privacy concerns.
Categories: Business News

Textron sees final certification of Longitude jet in third quarter

1 hour 8 min ago
Textron Inc said on Wednesday it expects the final certification of its newest Longitude business jet in the third quarter of 2019, after it was delayed for several months.
Categories: Business News

Whirlpool profit beats on price hikes, shares jump

1 hour 16 min ago
Appliances maker Whirlpool Corp beat analysts' estimates for quarterly profit on Monday, fuelled by price increases to counter higher raw material and freight costs.
Categories: Business News

U.S. to end all waivers on imports of Iranian oil, crude price jumps

1 hour 22 min ago
The United States on Monday demanded that buyers of Iranian oil stop purchases by May 1 or face sanctions, a move to choke off Tehran's oil revenues which sent crude prices to six-month highs on fears of a potential supply crunch.
Categories: Business News

USTR names new general counsel to replace departing Vaughn

1 hour 26 min ago
U.S. Trade Representative Robert Lighthizer said on Monday that his agency's general counsel, Stephen Vaughn, will depart the Trump administration in coming weeks and be replaced by veteran Washington lawyer Joseph Barloon.
Categories: Business News

Wall Street near flat in quiet session ahead of earnings wave

1 hour 29 min ago
U.S. stocks ended a low-volume trading session little changed on Monday, with the biggest gains in the energy sector as investors otherwise stayed on the sidelines ahead of quarterly earnings.
Categories: Business News

Brazil growth forecasts tumble as key pension reform vote looms

2 hours 13 min ago
Economists continue to slash their forecasts for Brazilian economic growth this year, according to a closely watched survey published on Monday, intensifying the spotlight on a key Congressional vote on pension reform later in the week.
Categories: Business News

Barclays to cut investment bankers' bonuses: FT

2 hours 17 min ago
Barclays Plc is planning to cut bonuses for investment bankers as it steps up its defence against activist investor Edward Bramson ahead of next week's annual meeting, the Financial Times reported on Monday.
Categories: Business News

U.S. names experts to Boeing certification review panel

2 hours 58 min ago
U.S. Transportation Secretary Elaine Chao said on Monday she named four experts to a blue-ribbon committee to review the Federal Aviation Administration's (FAA) aircraft certification process after two deadly Boeing 737 MAX crashes killed nearly 350 people.
Categories: Business News

Iran says in touch with partners on waivers

3 hours 38 min ago
Iran said on Monday a U.S. decision not to renew sanctions waivers has "no value" but that Tehran was in touch with European partners and neighbours and would "act accordingly", Iranian news agencies reported, citing the Foreign Ministry.
Categories: Business News

Vegan burger maker Beyond Meat plans to raise up to $183.8 million in IPO

3 hours 48 min ago
Plant-based meat maker Beyond Meat Inc is planning to raise up to $183.8 million from an initial public offering, looking to tap into the growing popularity of veganism.
Categories: Business News

Kraft Heinz hires global brand expert Patricio as CEO

4 hours 3 min ago
Kraft Heinz Co named Miguel Patricio as its next chief executive on Monday, hoping the 30-year marketing veteran will revitalise brands such as Planters nuts and Oscar Mayer bacon at one of the world's largest packaged food companies.
Categories: Business News

Global oil market picture more favorable now for zero Iranian exports: U.S. officials

4 hours 17 min ago
Conditions in the global oil market have turned more favorable since last November, enabling the United States to eliminate all the waivers it had granted to eight economies to buy Iranian oil and demand to reduce exports to zero, senior officials from the State Department said on Monday.
Categories: Business News

Samsung delays public rollout of Galaxy Fold phone

4 hours 19 min ago
Smartphone maker Samsung Electronics Co Ltd said on Monday it will delay the public rollout of its Galaxy Fold without giving a new release date.
Categories: Business News

Herman Cain withdraws from consideration for Fed seat, Trump says

4 hours 21 min ago
U.S. President Donald Trump said on Monday that businessman and former presidential candidate Herman Cain withdrew from consideration for a seat on the Federal Reserve Board.
Categories: Business News

Wall Street pauses ahead of big earnings wave

4 hours 44 min ago
U.S. stocks were little changed on Monday, as investors were wary of making big bets ahead of a barrage of reports from major companies this week.
Categories: Business News

U.S. home sales tumble as supply constraints linger

5 hours 29 sec ago
U.S. home sales fell more than expected in March as rising demand stoked by declining mortgage rates and slowing house price inflation continued to be frustrated by a lack of properties, especially in the lower-priced segment of the market.
Categories: Business News

Model S fire video adds to Tesla woes pre-results

5 hours 31 min ago
Video of a parked Tesla Inc Model S exploding and a Wall Street downgrade of the electric carmaker's stock pushed shares down 4 percent on Monday, as it prepared to issue results for a troubled first quarter.
Categories: Business News

Brazil growth forecasts tumble ahead of key pension reform vote

5 hours 41 min ago
Economists continue to slash their forecasts for Brazilian economic growth this year, according to a closely watched survey published on Monday, intensifying the spotlight on a key Congressional vote on pension reform later in the week.
Categories: Business News