German transport minister wants to welcome Uber, others by 2021

FILE PHOTO: German Transport Minister Andreas Scheuer addresses a news conference in Berlin, Germany, November 8, 2018. REUTERS/Fabrizio Bensch BERLIN (Reuters) – Transport Minister Andreas Scheuer wants to open the German market to car pooling services offered by Uber and other companies by 2021, Focus magazine reported Saturday. Scheuer told Focus in an interview that […]

Continue Reading

S&P, Dow advance on trade optimism; Nvidia sinks Nasdaq

NEW YORK (Reuters) – The S&P 500 and Dow Industrials rose on Friday after President Donald Trump said the United States may not have to impose further tariffs on Chinese goods, but falling shares of Nvidia Corp (NVDA.O) dragged down the Nasdaq. All three indexes had been lower in early trade as an underwhelming outlook […]

Continue Reading

S&P 500 buybacks set another quarterly record: S&P Dow Jones

NEW YORK (Reuters) – S&P 500 companies have set another record in share repurchases in the third quarter and look on track to break above $200 billion in buybacks for the quarter, according to an S&P Dow Jones Indices analysis. Even with more earnings reports to come for the third quarter, buybacks by S&P 500 […]

Continue Reading

Burke to replace Dungey as ABC Entertainment chief

FILE PHOTO – A logo for ABC is pictured atop a building in Burbank, California February 5, 2014. REUTERS/Mario Anzuoni (Reuters) – Karey Burke will replace Channing Dungey as president of Walt Disney’s (DIS.N) ABC Entertainment, the company said on Friday. Burke is currently head of original programming for Disney’s cable channel Freeform. Dungey, the […]

Continue Reading

Regulator ‘stunned and terrified’ after causing PG&E stock surge

(Reuters) – The chief of California’s top utilities regulator said on Friday he was shocked to learn that reassurances he made to investors about PG&E (PCG.N) caused the embattled power utility’s stock to surge over 40 percent in a matter of minutes. Employees of Pacific Gas & Electric (PG&E) work in the aftermath of the […]

Continue Reading

Bombardier CEO meets investors as stock dives 21 percent

MONTREAL (Reuters) – Bombardier Inc’s (BBDb.TO) top executives met with investors in Montreal on Friday after a disappointing free cash flow forecast and regulatory action, which sent the plane and train maker’s shares down 23 percent in afternoon trading, two sources familiar with the matter said. A Bombardier trade pavilion is seen at Farnborough International […]

Continue Reading

U.S. manufacturing production increases; headwinds growing

WASHINGTON (Reuters) – U.S. manufacturing output rose for a fifth straight month in October, shrugging off a sharp drop in motor vehicle production and suggesting underlying strength in factory activity despite growing headwinds that are expected to slow the sector in 2019. FILE PHOTO – Assembly workers work on the underside of 2015 Ford Mustang […]

Continue Reading

U.S. manufacturing production rises steadily in October

WASHINGTON (Reuters) – U.S. manufacturing output increased for a fifth straight month in October, shrugging off a sharp decline in motor vehicle production and suggesting underlying strength in factory activity despite signs of a slowdown in the sector. FILE PHOTO – Assembly workers work on the underside of 2015 Ford Mustang vehicles on the production […]

Continue Reading