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Updated: 14 min 25 sec ago

Fiat Chrysler's Marchionne earned 31.3 million euros in 2014

27 min 2 sec ago
DETROIT (Reuters) - Fiat Chrysler Automobiles Chief Executive Sergio Marchionne earned 31.3 million euros ($34 million) last year, including a bonus for cementing a deal that created the world's seventh-largest carmaker, a regulatory filing showed.

At long last, Dow gets a taste for Apple

34 min 44 sec ago
NEW YORK (Reuters) - Apple Inc , the largest U.S. company by market value, will join the storied Dow Jones industrial average , replacing AT&T Inc , in a change that reflects the dominant position of the iPhone maker in the U.S. economy and society.

Oil falls as dollar spikes on US jobs data and rate hike fears

47 min 29 sec ago
NEW YORK (Reuters) - Oil fell on Friday as the dollar surged on bets of a near-term rate hike from strong U.S. jobs growth, offsetting an early run up in crude prices on worries about Libyan and Iraq supplies.

U.S. labor market flexes muscles as February payrolls soar

48 min 45 sec ago
WASHINGTON (Reuters) - U.S. employers stepped up hiring in February and the jobless rate fell to its lowest level since the spring before President Barack Obama took office, which could put pressure on the Federal Reserve to raise interest rates in June.

GSK sacks 110 China staff in wake of drug bribery case: sources

52 min 18 sec ago
LONDON (Reuters) - Drugmaker GlaxoSmithKline , which was fined 3 billion yuan ($479 million) in China last year for bribery, is dismissing 110 employees in the country for misconduct, people familiar with the matter said on Friday.

Puget Sound Energy to join Calif. power market in October 2016

1 hour 33 min ago
(Reuters) - Puget Sound Energy [PSPLP.UL] will join the California power market in October 2016, the Bellevue, Washington- based company and the California Independent System Operator (ISO) announced on Thursday.

Wall Street falls after strong payrolls report

1 hour 46 min ago
NEW YORK (Reuters) - U.S. stocks retreated on Friday, with the S&P 500 index poised for its second straight weekly drop, as a strong monthly jobs report fueled expectations for an interest rate hike by the Federal Reserve this year, possibly sooner than anticipated.

Greece sends EU reform list, more hurdles before early cash

4 hours 4 min ago
ATHENS/BRUSSELS (Reuters) - Greece sent its euro zone partners an augmented list of proposed reforms on Friday but EU officials said several more steps were required before any release of aid funds to a country that Prime Minister Alexis Tsipras says has a noose around its neck.

Staples sales fall for eighth straight quarter

4 hours 51 min ago
(Reuters) - Staples Inc reported its eighth straight decline in quarterly sales, highlighting the company's need to seal its deal to buy Office Depot Inc as competition in the office supplies market intensifies.

Nissan expands North America hood latch recall to 878,000 Altima sedans

5 hours 48 min ago
DETROIT (Reuters) - Nissan Motor Co expanded the North American recall of its top-selling Altima sedan to about 878,000 vehicles because a secondary hood latch may fail and cause the hood to fly up while the car is in motion, according to a company filing with U.S. safety regulators.

Ford Romania to lay off roughly 500 staff

6 hours 9 min ago
BUCHAREST (Reuters) - Ford Motor Co said on Friday it would lay off about 500 people at its Romanian division this year, less than initially envisioned.

Daimler to invest $500 million in U.S. plant to make commercial vans

7 hours 6 min ago
DETROIT (Reuters) - Daimler AG said on Friday it will spend $500 million to build a new assembly plant in South Carolina that will make large commercial vans and result in the creation of more than 1,300 jobs.

BP and partners to invest $12 billion in Egypt Gas deal

8 hours 16 min ago
LONDON/CAIRO (Reuters) - British oil company BP expects to invest around $12 billion with its partners as part of a finalised West Nile Delta concession deal to develop 5 trillion cubic feet of gas resources and 55 million barrels of condensates.

Apple lets companies fine-tune apps before watch debut: Bloomberg

8 hours 51 min ago
(Reuters) - Apple Inc has allowed some companies to test their apps on its yet-to-be-launched Apple Watch and adjust the tools to the watch's design, Bloomberg reported.

Iran would sell more oil if Western sanctions lifted: Mehr agency

9 hours 6 sec ago
ANKARA (Reuters) - Iran said oil prices would not rise above $60 a barrel until 2016 and that it would increase crude exports if Western sanctions over its nuclear program were lifted, the semi-official Mehr news agency reported on Friday.

Tougher test awaits Deutsche Bank after clearing first Fed check

9 hours 50 min ago
FRANKFURT (Reuters) - Deutsche Bank AG has passed the first "stress test" set by U.S. regulators but is unlikely to clear the next hurdle as the German bank struggles to tighten compliance fast enough to appease controllers at the Federal Reserve.

Dollar revs up for jobs data, euro bonds rally on ECB

10 hours 18 min ago
LONDON (Reuters) - The dollar hit a new 11-year high against major currencies on Friday as investors bet the monthly U.S. jobs report would add to the chance of rate hikes, even as the European Central Bank embarks on a 1 trillion euro campaign of bond-buying.

SAP to cut 2,250 posts while creating similar number in refocusing

11 hours 22 min ago
FRANKFURT (Reuters) - Business software maker SAP SE will cut about 2,250 posts, or around 3 percent of its global workforce, while creating a similar number in expanding parts of the company, as it accelerates a push to sell its products via the Internet.

Uber halts low-cost ride service in Seoul, seeks to avoid ban

13 hours 2 min ago
SEOUL (Reuters) - Online taxi service provider Uber Technologies Inc said on Friday it would suspend its low-cost uberX ride service in South Korea, in another concession by the U.S.-based firm trying to avoid a total ban in Asia's fourth-largest economy.

Fed should not be too patient on rate hikes, Williams says

13 hours 15 min ago
HONOLULU (Reuters) - Federal Reserve policymakers should not wait too long to raise interest rates, a top U.S. central banker said on Thursday, because doing so could mean "drastically" overshooting on inflation and forcing the Fed to hike rates dramatically.