Uber to allow tips for drivers in reversal of longstanding policy
SAN FRANCISCO (Reuters) – Uber said on Tuesday it will for the first time allow drivers to collect tips through its smartphone app, an about-face from previous company policy, as part of the ride-services firm’s broader effort to improve an often-conte…
Toshiba to pick government-led Japan-U.S.-Korea group to buy chips unit-source
TOKYO (Reuters) – Embattled Toshiba Corp will pick a Japanese government-led group of Japanese, U.S. and South Korean firms and funds to buy the conglomerate’s semiconductor business, two people briefed on the matter said on Tuesday.
Daimler presses ahead with Mercedes-Benz plant in Russia
ESIPOVO, Russia (Reuters) – Germany’s Daimler began construction of a new Mercedes-Benz plant near Moscow on Tuesday, following through on the first new investment by a major foreign automaker in Russia since Western sanctions were imposed three years…
U.S. banks, corporations establish principles for cyber risk ratings firms
(Reuters) – More than two dozen U.S. companies, including several big banks, have teamed up to establish shared principles that would allow them to better understand their cyber security ratings and to challenge them if necessary, the U.S. Chamber of C…
Ford bets on low oil prices, moves Focus production to China
DETROIT/WASHINGTON (Reuters) – Ford Motor Co said on Tuesday it will move some production of its Focus small car to China and import the vehicles to the United States in a long-term bet on low oil prices and stable U.S.-China trade relations despite r…
U.S. current account deficit widens to 2.5 percent of GDP
WASHINGTON, June 20 (Reuters) – The U.S. current account deficit widened slightly in the first quarter, as the country imported more crude oil, car parts and supplies for its factories.
Pamplona Capital to take Parexel private for $4.5 billion
(Reuters) – U.S. pharmaceutical research services provider Parexel International Corp said on Tuesday it would be taken private by Pamplona Capital Management LLP in a $4.5 billion deal.
Apple tells court Qualcomm chip licenses are invalid
(Reuters) – Apple Inc broadened a legal attack on Qualcomm Inc, arguing to a U.S. federal court that license agreements that secure the chip maker a cut of every iPhone manufactured were invalid.
Wall St. falls on oil tumble, consumer sector and Fed worries
(Reuters) – U.S. stocks closed lower on Tuesday as a sharp drop in oil prices hurt energy stocks and retail stocks were pulled down by concerns about Amazon.com’s plan to boost its apparel business, while investors also worried about future Federal Re…
U.S. crude ends at nine-month lows on global oversupply
NEW YORK (Reuters) – Oil fell about 2 percent on Tuesday, with Brent settling at seven-month lows and U.S. crude at its cheapest level since September, after increased supply from several key producers overshadowed high compliance by OPEC and non-OPEC …
