Wells Fargo to sell commercial insurance business
(Reuters) – Wells Fargo & Co said on Tuesday it agreed to sell its commercial insurance business to private insurer USI Insurance Services, as the third-largest U.S. bank plans to focus on core banking products and services.
U.S. home prices for April rise slower than expected
NEW YORK (Reuters) – U.S. single-family home prices accelerated at a slower pace than expected in April, a survey showed on Tuesday.
Sprint shares jump on cable wireless talks, T-Mobile sinks
(Reuters) – Sprint Corp shares jumped as much as 6 percent on Tuesday on news the carrier is in talks with Charter Communications Inc and Comcast Corp about a wireless partnership, a move that added a new dimension to speculation about possible tele…
Wall St. falters as Senate delays health vote
(Reuters) – The tech-heavy Nasdaq led a broad Wall Street decline on Tuesday with stocks falling more sharply after a healthcare bill was delayed in the U.S. Senate, raising fresh questions about President Trump’s domestic agenda.
World’s first ATM machine turns to gold on 50th birthday
LONDON (Reuters) – Five decades since it heralded a transformation in the way people obtained and used cash, the world’s first ATM was turned into gold for celebrations of its fiftieth anniversary.
EU fines Google record $2.7 billion in first antitrust case
BRUSSELS (Reuters) – EU antitrust regulators hit Alphabet unit Google with a record 2.42-billion-euro ($2.7 billion) fine on Tuesday, taking a tough line in the first of three investigations into the company’s dominance in searches and smartphones.
Germany moves to crack down on vehicle emissions
BERLIN (Reuters) – Germany will discuss a national plan to cut pollution from diesel engines and set up a new organization to test vehicles to try to restore consumer confidence after Volkswagen’s emissions scandal, ministers said on Tuesday.
Volvo and Autoliv team up with Nvidia for self-driving cars
STOCKHOLM (Reuters) – Volvo Cars and Swedish car safety supplier Autoliv have signed a deal with U.S. firm Nvidia Corp , best known for its graphics technology in computer games, to develop software systems for self-driving cars.
Exclusive: Ericsson scraps push for new clients beyond telecoms
LONDON/STOCKHOLM (Reuters) – Ericsson has ditched its goal of winning more clients beyond the telecoms industry to refocus on selling networks to mobile phone companies in a move to cut costs and halt a dramatic fall in its share price.
With Alphabet, Google faces a daunting challenge: organizing itself
SAN FRANCISCO (Reuters) – Google’s self-professed mission is to organize the world’s information. But a company known for engineering excellence is still trying to solve the very human problem of how to organize itself.
