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Ken Fisher says no lay-offs despite withdrawals over his remarks

Fisher Investments founder Ken Fisher said there will be no lay-offs at his Washington state investment firm despite some $3 billion in withdrawals by pension funds and others over allegedly sexist remarks he made at an investor conference.



4 years ago

S&P 500 hits all-time high on trade optimism, rate cut hopes

Technology stocks propelled the benchmark S&P 500 index to an all-time high, while the Nasdaq hovered below its record level, as a possible U.S.-China trade deal and rising bets on a third rate cut by the Federal Reserve fueled optimism.



4 years ago

Exclusive: Google owner Alphabet in bid to buy Fitbit

Google owner Alphabet Inc has made an offer to acquire U.S. wearable device maker Fitbit Inc , as it eyes a slice of the crowded market for fitness trackers and smartwatches, people familiar with the matter said on Monday.



4 years ago

Exclusive: Lebanon needs solution to crisis in days - Central bank governor

Lebanon needs a political solution to the country's crisis in days to regain confidence and avert a future economic collapse, Central Bank Governor Riad Salameh told Reuters on Monday.



4 years ago

Lebanon's central bank urges quick solution to avoid future collapse

Lebanon's central bank governor said on Monday a solution must be found in days to a crisis unleashed by huge protests against the ruling elite, saying this would restore confidence and avoid any future economic collapse.



4 years ago

'We know we made mistakes' on 737 MAX - Boeing CEO

Boeing Co Chief Executive Dennis Muilenburg will acknowledge on Tuesday before Congress that the aircraft manufacturer made mistakes after two deadly 737 MAX crashes killed 346 people, according to written testimony seen by Reuters.



4 years ago

De Beers banks on 'diamonds are for me'

Anglo American unit De Beers said its 2019 marketing budget will exceed last year's figure of $170 million and will focus on the biggest market the United States, where women lavishing diamonds on themselves has boosted sales.



4 years ago

FCC to vote to bar Huawei, ZTE from government subsidy program

The U.S. telecommunications regulator plans to vote in November to designate Huawei Technologies and ZTE Corp as national security risks, barring their customers from tapping an $8.5 billion government fund to purchase equipment or services, officials said on Monday.The U.S. telecommunications regulator also plans to propose requiring U.S. rural carriers to remove and replace equipment from designated companies. It also plans at its Nov. 19 meeting to vot



4 years ago

Ford to cut 450 jobs at Canada plant on Flex, Lincoln MKT production halt

Ford Motor Co will cut about 450 jobs at its Oakville assembly plant in Ontario, Canada as the No. 2 U.S. carmaker discontinues production of Ford Flex and Lincoln MKT crossovers, Canada's largest union in the private sector Unifor said https://reut.rs/2pmAPhJ on Monday.



4 years ago

New tuberculosis treatment for developing countries to cost $1,040

A newly approved three-drug treatment for tuberculosis will be available in 150 countries including India and South Africa, priced at $1,040 for a complete regimen, more than twice the cost proposed in the past by advocacy groups for other treatments.



4 years ago

Virgin Galactic CEO says millions of tourists will want to fly to space in the next decade

Virgin Galactic's leadership expects millions of space tourists will fly in the next decade.

4 years ago

LVMH woos Tiffany to tap fast-growing jewellery market

LVMH has offered to buy Tiffany & Co, known for its engagement rings and ties to Hollywood glamour, as the owner of Louis Vuitton and Bulgari seeks to expand in jewellery, one of the fastest-growing parts of the luxury goods market.



4 years ago

Medicare would cover dental and vision if these bills pass Congress

A suite of legislation before Congress would expand coverage through Part B to include dental, vision and hearing. Another measure would allow the government to negotiate prices with drugmakers for Medicare Part D prescription coverage.

4 years ago

Trump administration eases risks for banks on false lending claims

The Trump administration said on Monday it would try to entice banks to offer more mortgages to low-income borrowers by reducing reliance on a Civil War-era law the Obama administration used in the wake of the subprime mortgage crisis to build bad-lending cases against big banks.



4 years ago

Amazon could challenge loss of $10 billion Pentagon cloud deal as early as next week

If Amazon.com decides to fight the Pentagon's decision to award a highly contested $10 billion cloud computing contract to Microsoft, it could act as early as next week.



4 years ago