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: 39 min 50 sec ago

Stock futures climb as oil rebounds; data on tap

48 min 48 sec ago
NEW YORK (Reuters) - U.S. stock index futures surged on Thursday, putting the S&P 500 on track to extend gains from the prior session, as oil prices showed hints of stabilizing and ahead of data on the labor market.






Accenture quarterly revenue rises 7.3 percent

55 min 39 sec ago
(Reuters) - Accenture Plc reported a 7.3 percent rise in quarterly revenue, helped mainly by its outsourcing business.

Daimler hikes provisions for EU cartel probe

58 min 28 sec ago
FRANKFURT (Reuters) - German car and truck maker Daimler said on Thursday it was setting aside an additional 600 million euros ($738.3 million) to cover potential costs related to an antitrust investigation into the industry by the European Commission.

Oil jumps three percent to $63 as energy firms slash investments

1 hour 53 min ago
LONDON (Reuters) - Brent crude jumped 3 percent to above $63 a barrel on Thursday, extending a rebound from five-year lows this week as oil's six-month price rout forced more energy firms to cut investments in new production.






Deutsche Bank says to review strategy, no comment on Postbank sale report

2 hours 33 min ago
FRANKFURT (Reuters) - Deutsche Bank AG said it would review its strategy in 2015 after a business magazine said it was considering major changes, possibly including the sale of its Postbank-branded retail unit and a revision of its profit targets.

Russian ruble weakens as traders see no major measures in Putin speech

3 hours 7 min ago
MOSCOW (Reuters) - The ruble weakened against the dollar and euro on Thursday with traders saying President Vladimir Putin had so far offered no concrete measures to pull Russia out of a crisis at his end-of-year news conference.






Franc falls as Swiss go sub-zero; stocks jump after Fed

3 hours 44 min ago
LONDON (Reuters) - The Swiss franc tumbled on Thursday as its central bank slapped a charge on deposits, wary of a flood of money exiting Russia and the likely pressure from the euro zone if the ECB starts full-scale money printing early next year.






In South Korea, IKEA opens biggest store to lure tiny households

5 hours 53 min ago
SEOUL (Reuters) - Iconic Swedish furniture retailer IKEA built its biggest store in the world to serve South Korea's shrinking households, targeting millions of people living alone with Korea-only items like super-sized single beds and in-store kimchi rice.

Russian ruble firms sharply as government pressures exporters

6 hours 56 min ago
MOSCOW (Reuters) - Russia's ruble strengthened sharply on Wednesday after dramatic falls on the previous two days as the government pressured exporters not to hoard foreign-currency earnings and the central bank announced new measures to support financial stability.






Takata says has sufficient funds to deal with recalls: Nikkei

Wed, 12/17/2014 - 22:38
TOKYO (Reuters) - Air bag maker Takata Corp has sufficient funds to deal with a global recall that has climbed to about 21 million vehicles after five deaths linked to its products, the company executive told the Nikkei newspaper.

Nissan recalls autos in Mexico to check Takata air bags

Wed, 12/17/2014 - 22:12
MEXICO CITY (Reuters) - Automaker Nissan said on Wednesday it has ordered the recall more than 80,000 vehicles sold in Mexico to check for potential defects stemming from air bags made by Japanese company Takata .

Fed confident on U.S. growth, opens door wider to rate hike

Wed, 12/17/2014 - 21:05
WASHINGTON (Reuters) - The Federal Reserve on Wednesday offered a strong signal that it was on track to raise interest rates sometime next year, altering a pledge to keep rates near zero for a "considerable time" in a show of confidence in the U.S. economy.

Fed confident on U.S. growth, opens door wider to rate hike

Wed, 12/17/2014 - 19:57
WASHINGTON (Reuters) - The Federal Reserve on Wednesday offered a strong signal that it was on track to raise interest rates sometime next year, altering a pledge to keep rates near zero for a "considerable time" in a show of confidence in the U.S. economy.






Chevron cancels Canadian Arctic drilling as oil prices slide

Wed, 12/17/2014 - 19:00
CALGARY, Alberta (Reuters) - Chevron Corp is putting a plan to drill for oil in the Beaufort Sea in Canada's Arctic on hold indefinitely because of what it called "economic uncertainty in the industry" as oil prices fall.






Airbus reshuffle prepares planemaker for record jet output

Wed, 12/17/2014 - 18:22
PARIS (Reuters) - A management reshuffle at Airbus this week marks another step towards focusing Europe's biggest aerospace company on industrial performance rather than the political interests of key shareholders France and Germany, industry sources said.

U.S. consumer prices fall on gasoline; rate hike likely in 2015

Wed, 12/17/2014 - 18:10
WASHINGTON (Reuters) - U.S. consumer prices recorded their biggest drop in nearly six years in November as gasoline prices tumbled, but did little to change views the Federal Reserve would start raising interest rates in mid-2015.






Top Herbalife salesman acknowledges high failure rate in video

Wed, 12/17/2014 - 17:43
BOSTON (Reuters) - A top Herbalife salesman said that most people who sell the company's weight loss and nutrition products are doomed to fail, adding fresh grist to accusations by a hedge fund manager that the company is a fraud.

Wall Street rallies after Fed statement; S&P has best day this year

Wed, 12/17/2014 - 17:41
NEW YORK (Reuters) - The S&P 500 scored its best day since October 2013 on Wednesday as the Federal Reserve gave an upbeat assessment of the economy and said it would take a patient approach toward lifting interest rates.






Boeing to make 754 commercial jet deliveries in 2015: trade group

Wed, 12/17/2014 - 16:54
SEATTLE (Reuters) - Boeing Co will deliver a record 754 commercial aircraft in 2015, an increase of up to 5.5 percent, the U.S. Aerospace Industries Association forecast on Wednesday, reflecting expectations of steadily rising production at the world's biggest plane maker.

Oil surges in about-face as some bet sub-$60 Brent won't last

Wed, 12/17/2014 - 16:40
NEW YORK (Reuters) - World oil prices jumped as much as 6 percent on Wednesday before closing off their peaks as weeks of nearly non-stop selling abruptly halted, and traders said failure to break below key chart support levels meant a long rout may be running out.