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Updated: 49 min 23 sec ago

Grilled: Lexus seeks design edge over premium rivals

5 hours 6 min ago
BEIJING (Reuters) - Big may be beautiful, but Toyota Motor Corp's global design chief is betting that edgy is the way to go for the Japanese automaker's premium Lexus brand, specifically its signature 'spindle grille' design.






Wall Street falls steeply with China, Greece fears paramount

Fri, 04/17/2015 - 22:18
(Reuters) - The S&P 500 posted its biggest percentage loss since March 25 on Friday as investors shunned risk amid new trading regulations in China, renewed worries about Greece running out of money, and tepid U.S. corporate earnings.

Investors look to earnings for market direction

Fri, 04/17/2015 - 22:15
NEW YORK (Reuters) - Investors attempting to determine whether U.S. equities will rebound from Friday's selloff or continue to sink will look to a deluge of earnings next week for a clearer picture of the economy.






G20 more upbeat on growth, but officials fret over Greece

Fri, 04/17/2015 - 20:11
WASHINGTON (Reuters) - The Group of 20 leading economies struck a hopeful tone on the outlook for global growth on Friday, even as officials fretted that Athens' inability to strike a deal with its lenders could upset Europe's tentative recovery.

Exclusive: Greece scrapes bottom of barrel in hunt for cash to stay afloat

Fri, 04/17/2015 - 19:05
ATHENS (Reuters) - Greece will need to tap all the remaining cash reserves across its public sector -- a total of 2 billion euros ($2.16 billion) -- to pay civil service wages and pensions at the end of the month, according to finance ministry officials.






Investors look to earnings for market direction

Fri, 04/17/2015 - 19:04
NEW YORK (Reuters) - Investors attempting to determine whether U.S. equities will rebound from Friday's selloff or continue to sink will look to a deluge of earnings next week for a clearer picture of the economy.

G20 more upbeat on growth, but officials fret over Greece

Fri, 04/17/2015 - 18:52
WASHINGTON (Reuters) - The Group of 20 leading economies struck a hopeful tone on the outlook for global growth on Friday, even as officials fretted that Athens' inability to strike a deal with its lenders could upset Europe's tentative recovery.






Ford to spend $2.5 billion on plants in Mexico, angering UAW

Fri, 04/17/2015 - 18:29
MEXICO CITY (Reuters) - Ford Motor Co said on Friday it will spend $2.5 billion to build a new generation of fuel-efficient engines and transmissions in Mexico, creating 3,800 jobs.






Wal-Mart shuffles U.S. store management to improve sales

Fri, 04/17/2015 - 18:24
(Reuters) - Wal-Mart Stores Inc said on Friday it would eliminate the position of zone manager in its U.S. stores while adding up to 8,000 new department heads as part of an overhaul of its store operations.

Wal-Mart cutting layer of management in stores: Bloomberg

Fri, 04/17/2015 - 17:17
(Reuters) - Wal-Mart Stores Inc, the world's largest retailer, is cutting the role of zone manager from its stores as part of efforts to simplify its operations, Bloomberg reported, citing people familiar with the matter.

Justice Dept. staff may oppose Comcast-Time Warner Cable deal: Bloomberg

Fri, 04/17/2015 - 16:56
(Reuters) - Staff attorneys at the Justice Department's antitrust division are nearing a recommendation to block the proposed $45 billion merger of Comcast Corp and Time Warner Cable Inc, Bloomberg reported on Friday, citing people familiar with the matter.






Wall Street falls steeply with China, Greece fears paramount

Fri, 04/17/2015 - 16:51
(Reuters) - The S&P 500 posted its biggest percentage loss since March 25 on Friday as investors shunned risk amid new trading regulations in China, renewed worries about Greece running out of money, and tepid U.S. corporate earnings.






Oil falls from 2015 peaks, Brent jumps 9.6 percent on the week

Fri, 04/17/2015 - 16:12
NEW YORK (Reuters) - Crude futures fell from 2015 peaks in choppy trading on Friday, but Brent's 9.6 percent weekly gain was its biggest in more than five years as Middle East turmoil and signs of lower U.S. production lifted prices.






Strong dollar hit to GE, Honeywell may bode poorly for other industrials

Fri, 04/17/2015 - 14:41
(Reuters) - General Electric Co and Honeywell International Inc said on Friday they will take steps to cushion the impact of a stronger dollar, which hurt first-quarter results at both companies.

GM counting on high-speed Internet services in car to drive profits

Fri, 04/17/2015 - 14:29
DETROIT (Reuters) - Buyers of General Motors Co vehicles will increasingly be able to use in-car mobile broadband systems to book hotel rooms, cut deals on driver insurance, pay for data usage and conduct a host of other transactions.

U.S. consumer prices edge up, supporting Fed rate rise

Fri, 04/17/2015 - 14:05
WASHINGTON (Reuters) - U.S. consumer prices increased for a second straight month in March on rising gasoline and housing costs, a sign of an uptick in inflation that should keep the Federal Reserve on course to start raising interest rates this year.

Democrats square off over trade negotiating bill

Fri, 04/17/2015 - 13:46
WASHINGTON (Reuters) - U.S. President Barack Obama said on Friday a new trade agreement with Asia that is being negotiated would benefit not just America's businesses but also its workers, anticipating Democratic concerns the deal would cost U.S. jobs

EU telecoms reform to address competition from WhatsApp, Skype

Fri, 04/17/2015 - 13:19
BRUSSELS (Reuters) - The European Commission will take into account increased competition from cable operators and alternative services such as WhatsApp when it overhauls Europe's telecoms rules next year, a move that will be cheered by the telecoms industry.

GE industrial first-quarter profit rises, revenue falls on stronger dollar

Fri, 04/17/2015 - 13:04
(Reuters) - General Electric Co's quarterly industrial earnings rose 9 percent, helped by cost cuts that expanded profit margins, as the U.S. conglomerate banks on manufacturing of jet engines, turbines and other big-ticket products as it unloads most of its finance business.






Volkswagen CEO survives challenge from powerful chairman

Fri, 04/17/2015 - 12:28
BERLIN/HAMBURG (Reuters) - Volkswagen CEO Martin Winterkorn has survived a challenge from powerful chairman Ferdinand Piech, but their row remains a distraction for the carmaker as it struggles to boost profits and revamp its ailing U.S. business.