Blow to South Korean carmakers as Kia loses landmark wage dispute
SEOUL (Reuters) – South Korea’s Kia Motors said it expects to pay about 1 trillion won ($887.11 million) in additional wages and would post a third-quarter operating loss after a court ruled in favor of workers in a landmark labor dispute on Thursday.
Trump touts tax reform, overlooks White House aide Cohn
SPRINGFIELD, Mo. (Reuters) – U.S. President Donald Trump made his first major tax reform speech on Wednesday, but in a long list of thank yous he did not mention Gary Cohn, the White House point man on taxes who traveled with Trump to the event.
U.S. inflation data boosts stocks; yields slip
NEW YORK (Reuters) – An index of global equity markets rose to a three-week high on Thursday after data showed U.S. inflation increased at its slowest pace since late 2015, boosting expectations that the Federal Reserve will hold off from increasing in…
Oil rises, gasoline jumps 10 percent as U.S. refineries reel
NEW YORK (Reuters) – Gasoline futures surged 10 percent on Thursday as almost a quarter of U.S. refining capacity remained offline and traders scrambled to reroute millions of barrels of fuel, while oil prices rose nearly 3 percent.
Toshiba misses target date for chip unit sale, increasing business risks
TOKYO (Reuters) – Toshiba Corp failed to seal a deal to sell its prized chip business by an internal deadline of Thursday, raising doubts about whether it can plug a balance sheet hole in time to avoid a delisting and keep the unit competitive.
Financial firms fear turmoil over fraught U.S. debt ceiling talks
WASHINGTON (Reuters) – Financial firms are sounding alarm bells and dusting off contingency plans over fears an increasingly dysfunctional U.S. Congress may fail to reach a deal to raise the country’s debt limit.
Delaware judge hands ex-Uber CEO a victory in lawsuit by Benchmark
GEORGETOWN, Del./SAN FRANCISCO (Reuters) – A Delaware judge on Wednesday stayed a lawsuit brought by Uber Technologies Inc [UBER.UL] investor Benchmark Capital against ousted Chief Executive Officer Travis Kalanick, handing the embattled executive a vi…
After the flood, Fed likely to see little change in economy, policy course
WASHINGTON (Reuters) – The economic fallout from Hurricane Harvey will make the Federal Reserve’s job more difficult when it meets in three weeks, but U.S. central bankers have looked past major storms before with little change in monetary policy and a…
NYSE seeks to delay after-market company announcements
(Reuters) – The New York Stock Exchange filed a proposal on Tuesday to delay the release of important company news immediately after official closing time to reduce investor confusion and market disruption.
Ford looks at self-driving systems for commercial trucks: executive
DETROIT (Reuters) – Ford Motor Co is considering deploying self-driving vehicle technology in larger commercial vehicles and is working with multiple partners to put its autonomous vehicles on the road, a senior Ford executive told Reuters on Tuesday….
