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Japan's Seven & I shares surge on plan to cut 3,000 jobs, shut stores

Shares of Japan's Seven & I Holdings Co rose nearly 6% on Friday after the retail group said it will shut or relocate nearly 1,000 7-Eleven convenience stores and cut about 3,000 jobs as part of a group-wide restructuring.



5 years ago

GM urges UAW to agree to 'around-the-clock' bargaining

General Motors Co late on Thursday urged the United Auto Workers union to agree to around-the-clock bargaining to try to resolve a 25-day U.S. strike that has cost the company more than $1 billion in profits, according to a letter seen by Reuters.



5 years ago

Asian shares up as 'very good' trade talks boost risk appetite

Asian shares rose on Friday after U.S. President Donald Trump said he would meet with China's top trade negotiator, stirring hopes for an agreement, while sterling was flat after earlier jumping on optimism over a potential Brexit deal.



5 years ago

GM, UAW clash over how to reach deal to end lengthy strike

General Motors and the United Auto Workers (UAW) union clashed late Thursday over how to end a 25-day strike that has cost the company over $1 billion, according to letters seen by Reuters.



5 years ago

Conflicting signals over Royal Air Maroc 737 MAX plans

Moroccan national airline Royal Air Maroc (RAM) faced uncertainty over its plans for Boeing's 737 MAX as a senior industry source close to the matter denied that a deal for more jets had been suspended.



5 years ago

Oil rises on hopes for deeper OPEC output cuts, U.S.-China trade talks

Oil prices climbed early on Friday, building on gains in the previous session, after producer club OPEC hinted at making deeper cuts in supply while optimism was revived over talks between the United States and China to end their trade war.



5 years ago

SpaceX has spent 'hundreds of millions' extra in building astronaut capsule for NASA, Elon Musk says

SpaceX is in the final stages of developing the capsule it will use to launch astronauts and has spent significantly toward that goal.

5 years ago

Elon Musk explains that destroyed SpaceX capsule came from testing to the 'extreme'

SpaceX CEO Elon Musk and NASA Administrator Jim Bridenstine spoke during a media briefing at SpaceX headquarters.

5 years ago

China lowers expectations for U.S. trade talks after blacklist - officials

Surprised and upset by the U.S. blacklisting of Chinese companies, China has lowered expectations for significant progress from this week's trade talks with the United States, Chinese government officials told Reuters, even as President Donald Trump on Wednesday expressed fresh optimism.



5 years ago

Massive jury award against J&J highlights risks of its legal strategy

A jury award that hit Johnson & Johnson with $8 billion in punitive damages for a case involving its anti-psychotic drug Risperdal highlights the risks of the drugmaker's all-or-nothing legal strategy, several legal experts told Reuters on Wednesday.



5 years ago

Southwest, Gol ground 13 Boeing 737 NG airplanes after checks

Southwest Airlines Co and Brazil's Gol Linhas Aereas said on Wednesday they had grounded a total of 13 Boeing Co 737 NG airplanes after U.S. regulators ordered urgent inspections last week.



5 years ago

U.S.-China making no progress in deputy-level trade talks: South China Morning Post

The United States and China made no progress in deputy-level trade talks held during Monday and Tuesday in Washington, the South China Morning Post reported, citing unnamed sources with knowledge of the meetings.



5 years ago

Boeing says it is working with airlines on 737 structural cracks issue

Boeing Co said on Wednesday it regretted the impact a structural cracks issue on its 737 NG jetliners was having on Brazilian airline Gol and other carriers around the world.



5 years ago

Judge opens door to PG&E noteholders filing their own reorganization plan

The judge overseeing the bankruptcy of PG&E Corp on Wednesday issued an order opening the door to a group of noteholders to file their own reorganization plan for the California power provider.



5 years ago

Pompeo says China's treatment Muslims 'enormous human right violation': PBS interview

U.S. Secretary of State Mike Pompeo said in a television interview on Wednesday that China's treatment of Muslims, including the Uighurs, in western China was an "enormous human rights violation" and Washington will continue to raise the issue.



5 years ago