Uber wins U.S. court appeal to push price-fixing case to arbitration
NEW YORK (Reuters) – Uber Technologies Inc [UBER.UL] on Thursday won a victory in its effort to keep unhappy customers from suing in court, persuading a federal appeals court to send a Connecticut passenger’s price-fixing case against the ride-service …
Germany’s Lufthansa gets first say on Air Berlin asset sale: union
BERLIN/FRANKFURT (Reuters) – A first round of formal talks for the sale of insolvent German airline Air Berlin’s assets will be held with its bigger local rival Lufthansa on Friday, ahead of other prospective bidders, a senior labour union official s…
India clears purchase of six Boeing helicopters in $650 million deal
NEW DELHI (Reuters) – India on Thursday cleared the purchase of six more Boeing Co Apache helicopters in a deal worth close to 42 billion rupees ($654.6 million), a defence ministry official said.
U.S. labor market tightening; autos weigh on manufacturing
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits fell to near a six-month low last week, pointing to a further tightening in the labor market that could encourage the Federal Reserve to lay out a plan to start unwinding i…
Exclusive: China’s CEFC in early talks to buy Rosneft stake – sources
HONG KONG/BEIJING (Reuters) – CEFC China Energy, which has grown from a niche oil trader to a sprawling energy conglomerate, is in talks to acquire a stake in Russian state oil giant Rosneft , three people with direct knowledge of the discussions said….
Washington’s mounting woes push S&P to biggest loss in three months
NEW YORK (Reuters) – U.S. stocks sold off on Thursday, with the S&P 500 recording its biggest daily percentage drop in three months as escalating worries about the Trump administration’s ability to push through its economic agenda rattled investors.
Wisconsin bill giving $3 billion incentives to Foxconn advances
(Reuters) – Wisconsin’s Republican-controlled state Assembly voted 59-30 on Thursday to approve a bill that paves the way for a $3 billion incentives package for a proposed liquid-crystal display plant by Taiwan’s Foxconn.
Alibaba beats on earnings as e-commerce remains core revenue driver
BEIJING (Reuters) – Alibaba, China’s top e-commerce firm, beat analyst estimates with a 56 percent rise in first-quarter revenue, driven by strong online sales.
Wal-Mart’s profit margins fall; quarterly outlook disappoints
CHICAGO (Reuters) – Wal-Mart Stores Inc warned on Thursday that this quarter’s earnings could miss Wall Street’s estimates as the world’s biggest retailer struggles with falling margins due to price-cutting and heavy spending on its e-commerce operatio…
Apple’s Cook says he disagrees with Trump, vows donations to rights groups
(Reuters) – Apple Inc (AAPL.O) CEO Tim Cook has joined a chorus of business leaders who have voiced their opposition to President Donald Trump after he blamed white nationalists and anti-racism activists equally for violence in Virginia over the weeken…
