Petroleos Mexicanos to Focus on Shallow Water Assets in 2019 Over Deepwater Projects

MEXICO CITY (Reuters) - Mexican state-run oil giant Petroleos Mexicanos will focus on existing shallow water assets and refining next year at the expense...

Renault Requests Full Nissan Shareholder Meeting in the Wake of Pay Scandal Engulfing Chairman...

PARIS (Reuters) - Renault (RENA.PA) requested a full Nissan shareholder meeting, a source close to the company said - appearing to escalate the carmaker’s...
FILE - This May 5, 2011 file photo shows General Motors headquarters in Detroit. The General Motors’ massive 14,000-person layoff announced last Nov. 2018 might not be as bad as originally projected.

GM Says it Will Save 2,700 Out of 3,300 U.S. Factory Jobs; 11,000+ Still...

General Motors' plans to lay off 14,000 salaried and blue-collar workers might not be as bad as originally projected. The company said Friday that 2,700...

Mark Zuckerberg Lost $15 Billion this Year, More than Any of the 500 Richest...

Mark Zuckerberg could be ending the year about three-fourths as rich as he was coming into it. Mired in controversy throughout the year, Zuckerberg’s net...

Johnson & Johnson Shares Nosedive After Report It Knew of Asbestos in Baby Powder

Shares of Johnson & Johnson (JNJ.N) fell 10 percent on Friday and were on track to post their biggest percentage drop in more than...

Irish Regulator Investigates Facebook Over Glitch That May Have Exposed Private Photos

(Reuters) - An Irish regulator said on Friday it was investigating Facebook Inc (FB.O) following the company’s disclosure that a bug may have exposed...

Nissan Investigation Into Former Chairman Carlos Ghosn Focuses on ‘CEO Reserve’ Fund and Role...

YOKOHAMA, Japan (Reuters) - Nissan Motor Co Ltd investigators are examining former Chairman Carlos Ghosn’s use of an internal ‘CEO Reserve’ fund and the...

T-Mobile & Sprint Expect Merger to Be Approved After Parent Companies Concede to Consider...

WASHINGTON/NEW YORK (Reuters) - T-Mobile US Inc and Sprint Corp expect their merger to be approved by a U.S. national security panel as early...

Wall St. Tumbles on Fears of a Global Economic Slowdown

(Reuters) - Wall Street’s three major indexes tumbled on Friday and the Dow confirmed a correction as weak data from China and Europe stoked...

Google CEO Says They Have ‘No Plans’ To Launch Chinese Search Engine

WASHINGTON (Reuters) - Google has “no plans” to relaunch a search engine in China though it is continuing to study the idea, Chief Executive...

Huawei CFO Back in Court as Former Canadian Diplomat Said to be Detained In...

VANCOUVER/BEIJING (Reuters) - A former Canadian diplomat has been detained in China, two sources said on Tuesday, just hours before a top executive at...

Daimler to Buy $23 Billion of Battery Cells for Electric Car Drive

FRANKFURT (Reuters) - Daimler (DAIGn.DE) will buy battery cells worth more than 20 billion euros ($23 billion) by 2030 as it readies mass production...

Britain’s Financial Sector Faces Slow Bleed With Brexit

LONDON (Reuters) - Life in London’s financial district will appear little changed when Britain leaves the European Union on March 29, defying predictions of...

S&P & Dow Turn Negative After Trump Threatens Government Shutdown

The S&P 500 and the Dow Jones Industrial Average gave up all gains on Tuesday, reversing from a strong start on the back of...

Foreign Investors Spurn US Treasuries as Curve Threatens to Invert

TOKYO/LONDON (Reuters) - A worrying sign of inversion in the U.S. Treasury bond curve is dulling the appeal of the developed world’s highest-yielding bond...

Carlos Ghosn & Nissan Clash Over Rio Apartment Containing Cash, Art, and Personal Belongings

SAO PAULO/TOKYO (Reuters) - A Rio de Janeiro apartment containing cash, art works and personal belongings of Carlos Ghosn has become the latest battleground...

Almost Half of S&P 500 Stocks in a Bear Market

SAN FRANCISCO (Reuters) - The S&P 500 is not yet in a bear market, but nearly half of its components are. Hurt by worries about...

Court Documents Say Huawei CFO Is Seeking Bail Due to Citing Health Fears Behind...

A top executive of China’s Huawei Technologies Co Ltd argued that she should be let out on bail while awaiting an extradition hearing...

Sources Says China’s AI Start-up Megvii Is Raising $500 Million at $3.5 Billion Valuation

Chinese artificial intelligence provider Megvii Inc, commonly known as Face++, is targeting to raise $500 million in a new funding round that pegs the...

Lion Air Says November Passenger Numbers Fell Less Than 5 Percent After Deadly Crash

JAKARTA (Reuters) - Lion Air said on Monday passenger numbers dropped by less than 5 percent in November compared to a year earlier, after...