New Uber CEO promises change, sees IPO in 18-36 months
SAN FRANCISCO/GEORGETOWN, Del. (Reuters) – Uber Technologies Inc’s new Chief Executive Dara Khosrowshahi told employees on Wednesday the ride-services company would change its culture and may go public in 18 to 36 months.
Hyundai resumes production in China after supply hiccup
SEOUL (Reuters) – Hyundai Motor said on Wednesday it had resumed production in China after a supply disruption forced the suspension of operations last week, complicating its efforts to lift sagging sales in the world’s biggest auto market.
Oil dips as U.S. floods cause large-scale refinery shutdowns
SINGAPORE (Reuters) – Oil prices slid on Wednesday as refinery shutdowns in the wake of Hurricane Harvey cut U.S. demand for crude, the most important feedstock for the petroleum industry.
Carlos Slim’s America Movil makes $1 billion payment in Colombia case
MEXICO CITY (Reuters) – Mexican billionaire Carlos Slim’s America Movil said on Tuesday that it had complied with a Colombian arbitration ruling ordering it to pay the government $1.08 billion for wireless telecommunication assets used in the South Ame…
Strong data boosts yields, dollar; stocks edge higher
NEW YORK (Reuters) – The dollar and U.S. Treasury yields rose on Wednesday after economic data indicated solid momentum, keeping alive the prospect of a U.S. interest rate increase in December.
Google, Apple face off over augmented reality technology
SAN FRANCISCO (Reuters) – Alphabet Inc’s Google on Wednesday unveiled tools to make augmented reality apps for mobile devices using the Android operating system, setting up its latest showdown with Apple Inc’s iPhone over next-generation smartphone f…
Under investor pressure, Goldman to explain trading strategy
NEW YORK (Reuters) – Goldman Sachs Group Inc will detail plans to turn around performance at its core bond-trading unit next month after unusual pressure from large investors frustrated by vague explanations of its troubles, people familiar with the ma…
American Express targets debt-leery consumers with new card features
NEW YORK (Reuters) – American Express Co is unveiling a new option that could tempt young, budget-conscious consumers into taking on credit card debt.
U.S. probes Uber for possible bribery law violations
SAN FRANCISCO (Reuters) – Uber Technologies Inc [UBER.UL] said on Tuesday it was cooperating with a preliminary investigation led by the U.S. Department of Justice into possible violations of bribery laws.
Whole Foods overall prices still high after selective cuts: analyst
LOS ANGELES (Reuters) – Whole Foods shoppers may be premature in cheering Amazon.com’s steep price cuts on staples like bananas, avocados and beef, according to one analysis released on Tuesday that suggested the premium grocery chain has not yet shed…
