Reuters: Business News
|Futures inch higher after strong GE, Honeywell results
(Reuters) - U.S. stock index futures nudged higher on Friday following strong earnings from industrial heavyweights General Electric and Honeywell.
POSTED APRIL 20, 2018 7:40 AM
|GE's adjusted profit tops estimates, shares rise
(Reuters) - General Electric Co posted quarterly results that topped expectations on Friday, as earnings from aviation, healthcare and transportation offset weak power and oil-and-gas profits, sending shares sharply higher in premarket trading.
POSTED APRIL 20, 2018 8:01 AM
|Asian oil demand to hit record, but industry can't take eyes off Middle East
SINGAPORE (Reuters) - Asian oil demand will hit a record in April just as global crude values are lifted to levels not seen in three years by Middle East supply risks and top exporter Saudi Arabia withholding output and noisily pushing for prices at $80 to $100 per barrel.
POSTED APRIL 20, 2018 6:25 AM
|Biogen boosts investment in neurology with $1 billion Ionis deal
(Reuters) - U.S. drugmaker Biogen Inc rolled out part of its $37 billion investment warchest on Friday, signing a $1 billion deal that seeks to expand on the strength of an existing partnership with Ionis Pharmaceuticals Inc.
POSTED APRIL 20, 2018 8:04 AM
|Boeing, Brazil's Embraer close to tie-up: report
SAO PAULO (Reuters) - Talks aimed at a tie-up between planemakers Boeing Co and Embraer SA that also involve Brazil's government are at an advanced stage, O Estado de S. Paulo newspaper reported on Friday, citing unnamed sources.
POSTED APRIL 20, 2018 8:10 AM
|China trade body urges tighter corporate compliance after ZTE woes: document
BEIJING (Reuters) - A state-backed Chinese trade body said compliance is now a core risk for Chinese firms and that the government must speed up the implementation of guidelines on corporate oversight following a U.S. ban on sales to ZTE Corp.
POSTED APRIL 20, 2018 6:54 AM
|GM Korea fails to reach wage deal, edging closer to bankruptcy filing
SEOUL (Reuters) - General Motors' South Korean unit and its labor union failed to reach a wage deal by Friday, breaching a deadline set by the U.S. automaker to seek bankruptcy protection for the loss-making unit.
POSTED APRIL 20, 2018 8:23 AM
|South Korea's antitrust chief says expects change in Samsung governance 'in near future'
SEOUL (Reuters) - South Korea's antitrust chief on Friday said he expects Samsung Group to unravel its governance structure in the near future, as the government and investors call for reform of the country's powerful family-controlled conglomerates, or chaebols.
POSTED APRIL 20, 2018 7:37 AM
|Exclusive: Lockheed Martin to propose stealthy hybrid of F-22 and F-35 for Japan - sources
TOKYO (Reuters) - U.S. defense contractor Lockheed Martin Corp plans to offer Japan a stealth fighter design based on its export-banned F-22 Raptor and advanced F-35 Lightning II aircraft, two sources said.
POSTED APRIL 20, 2018 7:21 AM
|Schlumberger narrowly beats profit estimates as costs weigh
(Reuters) - Oilfield services provider Schlumberger NV scraped past first-quarter profit estimates on Friday as higher costs weighed on a strong performance in its North America business.
POSTED APRIL 20, 2018 8:22 AM
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|Embiid's return gives 76ers the edge to be conference champions
Joel Embiid's return to Philadelphia's lineup unlocks peak 76ers, and The Process continued to develop in South Beach.
POSTED APRIL 20, 2018 2:28 AM
|Durant: Ankle not serious; I won't miss time
Kevin Durant says he is OK and won't miss any time after leaving the Warriors' win in the fourth quarter with a sprained left ankle.
POSTED APRIL 20, 2018 12:11 AM
|Former Buckeyes coach Earle Bruce, 87, dies
Earle Bruce, who won at least a share of four Big Ten titles at Ohio State during a college career that spanned 21 seasons, has died. He was 87.
POSTED APRIL 20, 2018 7:40 AM
|76ers, Heat feud over garbage-time layups
Sixers center Joel Embiid said he was "pissed" about Goran Dragic's layup at the end of Game 2, and the bad blood over garbage-time hoops continued Thursday, when Dario Saric attempted a layup with four seconds left and Philly up by 19.
POSTED APRIL 20, 2018 12:45 AM
|Wenger to leave Arsenal at end of season
Arsenal manager Arsene Wenger has announced that he will step down from the role he has occupied since 1996 at the end of the season.
POSTED APRIL 20, 2018 5:09 AM
|1952 Mantle card sells for near-record $2.88M
A mint condition 1952 Mickey Mantle Topps rookie card auctioned for $2.88 million, becoming the second-highest price ever paid for a baseball card.
POSTED APRIL 20, 2018 12:50 AM
|Harvey defiant after loss: I'm a starting pitcher
Mets right-hander Matt Harvey was roughed up for six runs in six innings Thursday night against the Braves, and afterward manager Mickey Callaway said he wasn't sure whether Harvey would make his next scheduled start.
POSTED APRIL 20, 2018 2:16 AM
|NFL schedule winners and losers: Why Steelers should be happy
The Steelers could have the AFC North wrapped up by midseason. Plus: How Ed Sheeran influenced eight different games and more.
POSTED APRIL 19, 2018 10:32 PM
|Here are 2018 win-loss predictions (and schedules) for all 32 NFL teams
The full schedule is out, and Aaron Rodgers and Tom Brady will meet in Week 9, just the second time they've faced off. We've got predictions for every game.
POSTED APRIL 19, 2018 10:53 PM
|Spurs' playoff loss is meaningless in the big picture of life
With Spurs head coach Gregg Popovich away from the team on bereavement, San Antonio hosted Game 3 with a focus on the players.
POSTED APRIL 20, 2018 12:24 AM