Breaking Business News

Reuters: Business News 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: 38 min 27 sec ago

Toyota executive stands by Takata as supplier despite air bag troubles

1 hour 16 min ago
TOKYO (Reuters) - A top Toyota Motor Corp executive said on Wednesday the Japanese automaker has no plans to abandon Takata Corp despite the supplier's struggles with air bag inflators that could rupture and spray metal shrapnel at vehicle occupants.

Wall St. edges higher after four-day rally

1 hour 48 min ago
NEW YORK (Reuters) - U.S. stocks opened slightly higher on Wednesday, with buyers largely taking a pause following the biggest four-day rally for the S&P 500 since January 2013.

Boeing profit jumps 18 percent; raises 2014 earnings view

1 hour 49 min ago
(Reuters) - Boeing Co reported an 18 percent increase in quarterly profit and raised its full-year core earnings forecast for the third time, reflecting booming commercial aircraft demand and increasing profitability in its defense business.

U.S. consumer prices rise on shelter costs, but inflation muted

2 hours 4 min ago
WASHINGTON (Reuters) - U.S. consumer prices rose marginally in September, painting a weak inflation picture that should give the Federal Reserve ample room to keep interest rates low for a while.

Dow Chemical profit beats estimates as plastics margins rise

2 hours 14 min ago
(Reuters) - Dow Chemical Co reported a better-than-expected profit as margins rose for the ninth straight quarter in its plastics business, its biggest, due to low raw material costs.

U.S. regulators expand number of vehicles affected by Takata recalls

2 hours 27 min ago
DETROIT (Reuters) - U.S. safety regulators on Wednesday expanded the number of vehicles in the United States that may be affected by recalls for potentially defective Takata Corp air bags that could spray shrapnel at occupants.

Pimco's banking expert expects 18 lenders to fail ECB stress test

2 hours 30 min ago
LONDON (Reuters) - Fixed income investment firm Pimco's global banking specialist, Philippe Bodereau, expects 18 banks will be seen to have failed the European Central Bank's stress test of 130 regional lenders when results are published by the ECB on Sunday.

Lufthansa close to deal with IBM for IT infrastructure unit

2 hours 59 min ago
BERLIN/FRANKFURT (Reuters) - German airline Lufthansa is close to a deal to sell its IT infrastructure unit to IBM , including an outsourcing agreement for the services, as part of a shake-up of its technology activities, it said on Wednesday.

ECB cools speculation over bank health checks ahead of results

3 hours 9 min ago
MADRID/VIENNA (Reuters) - The European Central Bank cautioned on Wednesday against speculation over the outcome of its stress tests after a media report said at least 11 banks had failed the landmark financial health checks, driving some banking shares lower.

Siemens sees catch-up with rivals beginning in 2018

3 hours 13 min ago
FRANKFURT (Reuters) - German engineering group Siemens may need until 2018 before it can start to catch up with major rivals in terms of sales growth, its chief executive told a German magazine.

Big Tech winning battle with 'patent trolls'

3 hours 18 min ago
(Reuters) - For two decades, companies that buy software patents to sue technology giants have been the scourge of Silicon Valley. Reviled as patent trolls, they have attacked everything from Google's online ads to Apple's iPhone features, sometimes winning hundreds of millions of dollars.

Total names Pouyanne and Desmarest to top positions

3 hours 24 min ago
PARIS (Reuters) - French oil major Total on Wednesday appointed refining head Patrick Pouyanne as chief executive and former CEO Thierry Desmarest as non-executive chairman.

Xerox revenue falls on lower printer sales

3 hours 27 min ago
(Reuters) - Xerox Inc reported a 2 percent fall in quarterly revenue, hurt by slowing demand in its printing business.

European shares fall as bank stress test worries offset ECB stimulus talk

3 hours 48 min ago
LONDON (Reuters) - European shares slipped and the euro hit a one-week low on Wednesday as reports that at least 11 banks could fail a region-wide financial health check this weekend offset hopes of corporate bond buying by the ECB.

Futures flat after four-day rally, Yahoo up early

3 hours 55 min ago
NEW YORK (Reuters) - U.S. stock index futures were flat on Wednesday, implying that buyers were taking a pause following the biggest four-day rally for the S&P 500 since January 2013.

Apple CEO discusses security with top Chinese official amid hacking claims: Xinhua

4 hours 57 min ago
BEIJING (Reuters) - Apple Inc Chief Executive Tim Cook discussed user data security at a meeting on Wednesday with a top Chinese government official in Beijing, the official Xinhua news agency reported.

Exclusive: Investors seek delay to HK-Shanghai stock tie-up

5 hours 9 min ago
HONG KONG (Reuters) - Some of the world's biggest banks and asset managers have asked the Hong Kong securities regulator to delay a landmark China stock trading link that could generate billions of dollars of trade a day due to uncertainty over the scheme rules, according to a letter seen by Reuters.

Boeing and Chinese partner to make jet fuel from 'gutter oil'

5 hours 17 min ago
BEIJING (Reuters) - Aircraft makers Boeing and Commercial Aircraft Corp of China have launched a joint pilot project to turn used cooking oil into jet fuel.

Air freight outlook improves, annual growth of 4.1 percent seen: IATA

5 hours 31 min ago
BERLIN (Reuters) - The outlook for air freight demand is improving after several years in the doldrums, the International Air Transport Association said on Wednesday.

Hyundai's revamped Sonata yet to rev up key U.S. market

6 hours 4 min ago
SEOUL (Reuters) - The revamped Sonata sedan was supposed to help Hyundai Motor Co reverse sluggish sales, but the car described by some critics as a bland substitute for its popular predecessor is off to a slow start in the key U.S. market.