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Reuters: Business News

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Channel Title: Reuters: Business News
Channel Website: http://www.reuters.com

Channel Description: Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.

 
Democrats in U.S. Congress urge review of Amazon's Whole Foods deal
WASHINGTON (Reuters) - A group of Democrats in Congress urged the U.S. Department of Justice and Federal Trade Commission in a letter this week to conduct a more in-depth review of online retailer Amazon.com Inc's plan to buy grocer Whole Foods Market Inc.
...read more

Small-cap rally could shrink on earnings, tax reform hurdles
NEW YORK (Reuters) - Optimism is souring around small-cap stocks for some investors, with a host of factors conspiring to up-end gains that have taken them to record highs.
...read more

U.S. fines American, Delta, Frontier for consumer rule violations
WASHINGTON (Reuters) - Frontier Airlines, American Airlines and Delta Air Lines have been fined for violating U.S. Transportation Department airline consumer protection rules, the department said on Friday.
...read more

Ford to petition to avoid U.S. recall of 2.5 million vehicles
WASHINGTON (Reuters) - Ford Motor Co will petition to avoid a U.S. recall of about 2.5 million vehicles with Takata air-bag inflators that the Japanese auto supplier declared defective last week, U.S. regulators and the automaker said on Friday.
...read more

GE shares fall as profit slumps, investors await new CEO's targets
(Reuters) - General Electric Co's shares dropped sharply on Friday after it posted a 59-percent decline in second-quarter profit and put off an expected cut to 2018 earnings targets until November, when new CEO John Flannery will be four months into his job.
...read more

Scaramucci awaits U.S. approval for China deal
NEW YORK (Reuters) - Anthony Scaramucci, the Trump administration's new communications director, has yet to get approval from U.S. regulators to sell his hedge fund firm to a group led by Chinese conglomerate HNA, according to a person familiar with the matter.
...read more

Deutsche Bank, JPMorgan to pay $148 million to end yen Libor cases in U.S.
NEW YORK (Reuters) - Deutsche Bank AG and JPMorgan Chase & Co have agreed to pay a combined $148 million to end private U.S. antitrust litigation claiming they conspired with other banks to manipulate the yen Libor and Euroyen Tibor benchmark interest rates.
...read more

Wells Fargo ordered to pay $575,000, reinstate whistleblower
(Reuters) - The U.S. Department of Labor on Friday ordered Wells Fargo & Co to pay $575,000 and to rehire a whistleblower the bank had dismissed in September 2011 after the former employee raised concerns over the opening of customer accounts without their knowledge, the agency said in a statement.
...read more

India to quiz Philip Morris on marketing of Marlboro
NEW DELHI (Reuters) - India plans to seek an explanation from Philip Morris International Inc about its marketing practices after Reuters reported that the tobacco giant used tactics that government officials say flout the country's law, a health ministry official said on Friday.
...read more

Exclusive: U.S. weighs financial sanctions to hit Venezuela's oil revenue - sources
HOUSTON/WASHINGTON (Reuters) - The United States is considering financial sanctions on Venezuela that would halt dollar payments for the country's oil, according to a senior White House official and an adviser with direct knowledge of the discussions.
...read more

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