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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.

 
Wall St. flat as consumer stocks' gains offset by tech, financials
(Reuters) - Wall Street was flat on Friday morning, coming off six straight days of gains and ahead of a three-day holiday weekend, as another strong day for consumer stocks was offset by weakness in financial and technology companies.
...read more

U.S. economy grows at tepid 1.2 percent; business spending softens
WASHINGTON (Reuters) - The U.S. economy slowed less than initially thought in the first quarter, but there are signs it could struggle to rebound sharply in the second quarter amid slowing business investment and moderate consumer spending.
...read more

China's reforms not enough to arrest mounting debt: Moody's
BEIJING (Reuters) - China's structural reforms will slow the pace of its debt build-up but will not be enough to arrest it, and another credit rating cut for the country is possible down the road unless it gets its ballooning credit in check, officials at Moody's said.
...read more

Oversold: Oil traders punish OPEC for promising too much
VIENNA (Reuters) - As OPEC's latest meeting wrapped up in Vienna on Thursday night, ministers congratulated each other on its rare spirit of amity and consensus. The talks were, without a doubt, a success.
...read more

Exclusive: Fidelity may back climate resolutions, a milestone for activists
BOSTON (Reuters) - Fidelity Investments may support shareholder proxy proposals calling on companies to report on sustainability matters this year, a major shift by the Boston asset manager as climate activists gain more traction at large U.S. corporations.
...read more

Linde board to vote on Praxair merger on June 1: sources
MUNICH (Reuters) - German industrial gases group Linde's supervisory board is due to vote on a merger agreement with U.S. peer Praxair on June 1, two people close to the matter told Reuters on Friday.
...read more

California says VW clean car spending plan has shortcomings
SAN FRANCISCO (Reuters) - California regulators said Volkswagen AG's spending plan on clean vehicle infrastructure had shortcomings and that it lacked details on how it would help disadvantaged communities as well as promote hydrogen fuel cell technology.
...read more

U.S. home prices to rise at a strong pace on tight supply: Reuters poll
(Reuters) - U.S. home prices look poised to rise at a robust pace over the next few years, mainly because of a chronic shortage of houses and steady demand, a Reuters poll showed on Friday.
...read more

Glass Lewis backs GM's board nominees, opposes Greenlight's proposal
(Reuters) - General Motors Co said on Friday proxy adviser Glass Lewis & Co LLC recommended shareholders to vote for GM's board nominees and against Greenlight Capital's proposal at the company's annual shareholder meeting in June.
...read more

OPEC ponders how to co-exist with U.S. shale oil
VIENNA (Reuters) - First, they ignored each other. Then, they went into a bruising fight. Finally, they are talking, albeit with opposing agendas.
...read more

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