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New UK business minister urged to move fast on audit reform

Britain's new business minister Alok Sharma was urged on Friday to come forward as soon as possible with a draft law to create a more powerful accounting watchdog.



4 years ago

Kraft Heinz's credit rating cut to 'junk' by Fitch

Kraft Heinz Co's debt rating was cut to "junk" by global credit ratings agency Fitch on Friday, a day after the ketchup and sausage maker reported lower-than-expected quarterly sales and wrote down the value of some businesses.



4 years ago

Shaky sense of self? It can cost you each month

We subscribe to products and services as a way to express ourselves. That can make it hard to give them up.

4 years ago

United Airlines pulls Boeing 737 MAX from schedule until September 4

United Airlines Holdings Inc said on Friday it is extending the cancellation of Boeing 737 MAX flights until Sept. 4, a fresh delay that comes as sources told Reuters that the timing of a key certification flight may not happen until at least April.



4 years ago

Pot producer Canopy doing 'thorough' review of facilities as it pursues profits

Canada's biggest cannabis producer, Canopy Growth Corp , is conducting a "thorough strategic review" of its production facilities to focus on its most lucrative markets and product lines, company executives said on Friday.



4 years ago

Nvidia pushes S&P 500, Nasdaq higher amid coronavirus worries

The S&P 500 and the Nasdaq edged higher on Friday, supported by Nvidia shares after its upbeat outlook, but concerns about an economic hit from the coronavirus outbreak limited gains.



4 years ago

NFL star Adrian Peterson embroiled in a dispute with Morgan Stanley

The Washington Redskins running back and his finances are making headlines again. This time, the 34-year-old is going into arbitration with Morgan Stanley over an investment dispute.

4 years ago

Oil rises 1% on hopes demand will rebound from coronavirus effect

Oil prices rose on Friday, on track for their first weekly gain since early January as investors bet the economic impact of the coronavirus would be short-lived and hoped for further Chinese central bank stimulus to tackle any slowdown.



4 years ago

Stocks drift near flat as virus impact weighed, oil on track for weekly gain

Major world stock indexes were little changed on Friday as investors further assessed the economic fallout of China's coronavirus outbreak, while oil prices were on track for their first weekly gain since early January.



4 years ago

United won't fly 737 MAX until after summer amid new approval delays

United Airlines Holdings Inc said on Friday it is extending the cancellation of Boeing 737 MAX flights until Sept. 4, a fresh delay that comes as sources told Reuters that the timing of a key certification flight may not happen until at least April.



4 years ago

S&P 500, Nasdaq tick lower as coronavirus worries weigh

The S&P 500 and the Nasdaq edged lower on Friday as concerns about an economic hit from the coronavirus outbreak outweighed a boost from Nvidia shares after the chipmaker's upbeat outlook.



4 years ago

Amazon, Flipkart challenge new Indian tax on online sellers

Amazon and Walmart's Flipkart are among online retailers demanding that India scale back a proposed tax on third-party sellers on their platforms, saying the burden of compliance will hurt the fledgling industry, according to a document seen by Reuters.



4 years ago

Google protests 'eye-catching' $2.6 billion EU fine, judge disagrees

Google on Friday attacked what it called an eye-catching 2.4 billion euro ($2.6 billion) EU antitrust fine, prompting a judge to ask how a rich company can miss a relatively paltry amount.



4 years ago

Oil rises nearly 1% on hopes demand will rebound from coronavirus effect

Oil prices rose on Friday, on track for their first weekly gain since early January as investors bet the economic impact of the coronavirus would be short-lived and hoped for further Chinese central bank stimulus to tackle any slowdown.



4 years ago

Exclusive: Venezuela's PDVSA steps up fuel shipments to Cuba as shortages bite

Venezuela's state energy firm PDVSA has been shipping more oil this month to close ally Cuba, as tighter U.S. sanctions have worsened fuel shortages on the Caribbean island, according to sources and internal company documents seen by Reuters.



4 years ago