Breaking Business News

Reuters: Business News
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.
Updated: 12 min 19 sec ago

Asian shares, dollar struggle on Ukraine anxiety

36 min 34 sec ago
TOKYO (Reuters) - Asian stocks struggled on Friday, as fears of an escalating Ukraine crisis eclipsed upbeat U.S. economic data and robust U.S. tech shares.

Microsoft beats Wall Street on new CEO debut

1 hour 53 min ago
SEATTLE (Reuters) - Microsoft Corp's new chief executive got off to a winning start with Wall Street on Thursday as the world's largest software company eased past analysts' profit estimates despite the pressure of falling computer sales.






Exclusive: JetBlue flight attendants seek to hold unionization vote

1 hour 57 min ago
NEW YORK (Reuters) - Flight attendants at JetBlue Airways are pushing for a vote on whether to unionize, marking a second organizing effort at the formerly non-union airline after pilots authorized joining a union on Tuesday.

Amazon's revenue increases even as spending rises

2 hours 15 min ago
SAN FRANCISCO (Reuters) - Amazon.com Inc's revenue grew more than expected for the first quarter, largely offset by a sharp increase in spending on technology, content and new warehouses as the e-commerce company branches into new businesses.






Insight: Push for tax-avoidance curbs in G-20 threatens Publicis-Omnicom deal

3 hours 18 min ago
LONDON (Reuters) - International pressure to curb corporate tax avoidance is behind delays to a $35 billion merger of French advertising group Publicis and U.S. rival Omnicom, and could even scupper the deal, tax advisers and sources close to the deal said.

Microsoft beats Wall Street on new CEO debut

3 hours 19 min ago
SEATTLE (Reuters) - Microsoft Corp's new chief executive got off to a winning start with Wall Street on Thursday as the world's largest software company eased past analysts' profit estimates despite the pressure of falling computer sales.






Visa says revenue growth to slow, Russia sanctions hurting volumes

3 hours 31 min ago
(Reuters) - Visa Inc , the world's largest credit and debit card company, said U.S. sanctions on Russia were hurting its card transaction volumes and that revenue growth would slow further this quarter, sending its shares down 5 percent after the bell.

Apple buoys Nasdaq; Ukraine weighs on broader market

3 hours 34 min ago
NEW YORK (Reuters) - The Nasdaq rose modestly in a choppy session on Thursday, lifted by a rally in Apple shares a day after the iPad maker's strong results, though tensions in Ukraine held the broader market in check.






Amazon's revenue increases even as spending rises

3 hours 37 min ago
SAN FRANCISCO (Reuters) - Amazon.com Inc's revenue grew more than expected for the first quarter, largely offset by a sharp increase in spending on technology, content and new warehouses as the e-commerce company branches into new businesses.






GM says facing multiple probes into recent recalls

4 hours 15 min ago
WASHINGTON (Reuters) - General Motors revealed on Thursday it is the subject of five different government probes related to its massive recalls, including two previously unreported investigations by the U.S. Securities and Exchange Commission and a state prosecutor.






U.S. Justice Department seeks over $13 billion from BofA: Bloomberg

4 hours 23 min ago
(Reuters) - The U.S. Department of Justice is asking Bank of America Corp to pay more than $13 billion to settle allegations the bank overstated the quality of mortgage bonds it sold during the housing bubble, according to Bloomberg News.

UPS ratifies new five-year labor agreement

5 hours 33 min ago
(Reuters) - United Parcel Service Inc , the world's biggest courier company, said on Thursday it ratified a five-year contract with higher wages and benefits for 125,000 unionized employees represented by the International Brotherhood of Teamsters.

Apple, Google agree to settle lawsuit alleging hiring conspiracy

5 hours 46 min ago
SAN FRANCISCO (Reuters) - Four major tech companies including Apple and Google have agreed to settle a lawsuit accusing them of conspiring to hold down salaries in Silicon Valley, just weeks before a high profile trial had been scheduled to begin.






Ackman to pay Herbalife whistleblowers' legal fees, not lost pay

5 hours 48 min ago
BOSTON (Reuters) - Activist investor William Ackman, who is betting more than $1 billion that Herbalife is a pyramid scheme, will cover legal fees and damages for whistleblowers who have spoken out against the company, but not lost wages if they lose their jobs.

Alstom shares jump on report of $13 billion GE bid

5 hours 52 min ago
PARIS (Reuters) - Shares of Alstom jumped 10.9 percent on Thursday after a report that U.S. conglomerate General Electric was in talks to buy the struggling French turbine and train maker for about $13 billion.

Trend-setter Apple's stock split could bring out the copycats

7 hours 2 min ago
NEW YORK (Reuters) - Apple has long been a trend-setter whose hot products attract imitators, and now its recent stock split might help revive a trend from the 1990s that has all but disappeared on Wall Street.

Google social networking boss Gundotra leaving company

7 hours 19 min ago
SAN FRANCISCO (Reuters) - Google Inc's head of social networking services, Vic Gundotra, is leaving the Internet search company, he said on Thursday, three years after overseeing the launch of the Google+ social network.






April U.S. auto sales to rise 8.5 percent: J.D. Power, LMC

8 hours 37 min ago
DETROIT (Reuters) - U.S. auto sales will rise 8.5 percent in April from a year ago as spring weather entices consumers to look at new products, industry research firms J.D. Power and LMC Automotive said on Thursday.

GM posts lower profit after recall; outlook for rest of year trimmed

8 hours 54 min ago
DETROIT (Reuters) - General Motors Co's first-quarter profit tumbled 88 percent on Thursday due to the massive recall for defective ignition switches, and shares fell 1.3 percent after the company said expectations for the rest of the year must be trimmed.






American, Southwest beat forecasts, JetBlue disappoints

8 hours 58 min ago
(Reuters) - American Airlines Group and Southwest Airlines posted profits that beat forecasts in the first quarter, even though harsh winter weather prompted many flight cancellations in the seasonally weak period.