German ministry wants to extend electric car subsidies: document
Germany’s economy ministry wants to extend subsidies for new electric cars until the end of 2020 in an effort to increase sales, draft guidelines seen by Reuters on Thursday showed.
Explainer: Betting on the past? Europe decides on connected car standards
The European Commission’s push to implement a Wi-Fi standard for connected cars has won the support of lawmakers in a victory for Germany’s Volkswagen, although competitor BMW and other backers of a rival technology still hope to overturn the decision….
U.S. retail sales, labor market data paint upbeat economic picture
U.S. retail sales increased by the most in 1-1/2 years in March as households boosted purchases of motor vehicles and a range of other goods, the latest indication that economic growth picked up in the first quarter after a false start.
Wall Street edges higher on industrial gains; healthcare drags again
U.S. stocks eked out gains in volatile trading on Thursday, ahead of a long Easter weekend, as strong results from industrials countered another drop in healthcare stocks, with investors shrugging off release of the Mueller report.
Exclusive: New U.S. consumer watchdog chief to continue review of complaints database, fair lending
The new director of the Consumer Financial Protection Bureau will continue with reviews, begun by her predecessor, of its public complaints database and how the agency enforces discriminatory lending laws, she told Reuters.
U.S. pilot program allows online grocery shopping with food stamps
The U.S. Department of Agriculture on Thursday said it has launched a pilot program in New York that allows consumers dependant on food stamps to use them to buy groceries online, a move that is likely to boost sales at retailers like Walmart Inc and A…
Google lets Android users in Europe choose rival browsers, search engines
Users of Android devices in Europe will be able to choose rival browsers and search engines from five options starting on Thursday, a senior Google executive said, as the company tries to quell EU antitrust concerns and stave off fresh penalties.
U.S. lawmakers to get long-awaited analysis of new NAFTA deal
U.S. lawmakers and economists are awaiting a key analysis of the economic impacts of the new North American trade deal, expected to be published late on Thursday and to show minimal gains at best for the United States.
Hermes CEO steps down from L’Oreal board over competing make-up line
French beauty group L’Oreal said on Thursday that Axel Dumas, the CEO of Birkin-bag maker Hermes, had resigned as a board member as the luxury group starts work on its own line of cosmetics.
Union Pacific operational overhaul gains traction, shares rise
(This April 18 story corrects to show operating ratio declined, error also occurred in previous updates)
