BOSTON (Reuters) – Billionaire investor William Ackman’s hedge fund Pershing Square Capital Management said Monday it bought shares in testing equipment company Agilent Technologies Inc, only its second new investment this year as the fund has reported a 51% r... More »
NEW YORK (Reuters) – The co-managers of the best stock mutual fund of this decade work out of a small office in Los Angeles, rarely talk with the financial media and have never appeared as guests on CNBC looking to raise their profile. Instead, portfolio manag... More »
SHANGHAI (Reuters) – China renamed and restructured its national railway corporation as part of its efforts to make the country’s government-run enterprises run in a more market-oriented fashion, its state-run railway group said on Tuesday. China State Railway... More »
(Reuters) – Uber Technologies Inc’s conservative initial public offering could not keep its shares from sinking in their trading debut on Friday, fueling debate on Wall Street over whether the outcome of the most anticipated listing since Facebook Inc would we... More »
HONG KONG (Reuters) – A train collision disrupted services in Hong Kong on Monday, threatening commuter chaos during rush hour in the heart of the Asian financial hub, authorities said. The rare disruption on a network used by nearly 6 million people every wee... More »
SAN FRANCISCO (Reuters) – Self-driving car startup Zoox Inc has become the first company to receive approval from California regulators to operate an autonomous ride service for public passengers, state regulators said on Friday. The California Public Utilitie... More »
SEHLEM, Germany (Reuters) – Faced with a chronic shortage of truck drivers, logistics firm Deutsche Post DHL Group (DPWGn.DE) is trialing a new scheme to get more people behind the wheel so it can keep goods flowing across Europe, especially at peak times like... More »
(Reuters) – Police in New Jersey on Thursday urged people who grabbed banknotes that spilled out of the back of an armored truck during rush-hour traffic to return the cash, no questions asked. East Rutherford police began receiving calls at around 8:30 a.m. E... More »
RIO DE JANEIRO (Reuters) – Truckers in Brazil on Monday partially blocked the main highway between Rio de Janeiro and Sao Paulo, police said, an action that could harm the nation’s economy should the protests spread. The protests followed a decision by a Supre... More »
OMAHA, Neb. (Reuters) – Billionaire Warren Buffett has been buying a boatload of Apple Inc shares and on Saturday suggested he would buy even more shares at the right price. At Berkshire Hathaway Inc’s annual shareholder meeting, Buffett credited Apple with de... More »
OMAHA, Neb. (Reuters) – Warren Buffett on Saturday said he hoped a chief executive would be found within a couple of months for the healthcare company being set up by Berkshire Hathaway Inc, Amazon.com Inc and JPMorgan Chase & Co. to lower patient costs. Speak... More »
(Reuters) – Berkshire Hathaway shareholders at annual meeting overwhelmingly reject shareholder proposal concerning methane emissions Berkshire Hathaway shareholders at annual meeting overwhelmingly reject shareholder proposal concerning sustainability report ... More »
OMAHA, Neb. (Reuters) – Warren Buffett said he would be happy if his conglomerate Berkshire Hathaway Inc owned more than 5 percent of Apple Inc’s stock, including if the iPhone maker bought back more of its shares. Buffett made his assessment before tens of th... More »
NEW YORK (Reuters) – Many U.S. stocks cheapened up during the first quarter’s choppy trading scene, relieving some concern investors had about lofty valuations. But the companies that move goods through a humming economy now look among the market’s best bargai... More »
LONDON (Reuters) – Gatemore Capital Management has built a stake in Wincanton and called on the British logistics company to break itself up by selling one of its two divisions, according to a letter sent by Gatemore to its own investors. The asset management ... More »
WASHINGTON (Reuters) – U.S. Transportation Secretary Elaine Chao said on Thursday that regulators will seek public input on rules for self-driving commercial vehicles and trains, as the administration grapples with how to regulate their expected future use. At... More »
FILE PHOTO: Freight trucks are driven on the Fisher freeway in Detroit, Michigan, U.S., March 27, 2009. REUTERS/Rebecca Cook/File Photo SEATTLE/BOCA RATON, Fla. (Reuters) – The drive for cost cuts and higher margins at U.S. trucking and railroad operators is p... More »
FILE PHOTO: Tesla’s new electric semi truck is unveiled during a presentation in Hawthorne, California, U.S., November 16, 2017. REUTERS/Alexandria Sage/File Photo SEATTLE (Reuters) – Elon Musk, the chief executive of Tesla Inc, has said little about how he pl... More »
FILE PHOTO: A Thailand Baht note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration/File Photo BANGKOK (Reuters) – The Thai military government’s plan to expand the industrial east drew more than $9 billion in pledges of private... More »
FILE PHOTO – Nelson Peltz founding partner of Trian Fund Management LP. speak at the WSJD Live conference in Laguna Beach, California October 25, 2016. REUTERS/Mike Blake/File Photo NEW YORK (Reuters) – Billionaire investor Nelson Peltz has a message for Ameri... More »
A man rides a tricycle past vehicles through a junction in Beijing, December 10, 2013. REUTERS/Jason Lee SHANGHAI (Reuters) – China will invest a similar amount next year on transportation infrastructure as it did in 2017, with projects to include 5,000 km of ... More »
(Reuters) – Acting CSX Corp (CSX.O) Chief Executive Officer James Foote said on Friday he would run the No. 3 U.S. railroad in same manner as Hunter Harrison while its famed top executive is on medical leave due to an unspecified illness. On a conference call ... More »
FILE PHOTO – Hunter Harrison speaks to the economic community at a business luncheon in Toronto, March 2, 2015. REUTERS/Mark Blinch (Reuters) – CSX Corp’s (CSX.O) shares tumbled on Friday in premarket trading after the No. 3 U.S. railroad said Chief Executive ... More »
FILE PHOTO – Hunter Harrison speaks to the economic community at a business luncheon in Toronto, March 2, 2015. REUTERS/Mark Blinch (Reuters) – CSX Corp (CSX.O) said on Thursday its Chief Executive Officer Hunter Harrison was taking medical leave, an announcem... More »
The Tesla Semi. Tesla/via REUTERS (Reuters) – Tesla Inc (TSLA.O) on Friday got high-profile orders from Wal-Mart Stores Inc (WMT.N) and fleet operator J.B. Hunt (JBHT.O) for its future electric truck, but would-be customers indicated they are giving the big ri... More »
A rapidly weakening typhoon Lan made landfall in Japan on Monday, setting off landslides and flooding that prompted evacuation orders for tens of thousands of people, but then headed out to sea after largely sparing the capital, Tokyo. More »
Tesla Inc (TSLA.O) Chief Executive Elon Musk on Friday pushed back the unveiling of the company's big rig truck until mid-November, tweeting that the electric vehicle maker was diverting resources to fix production bottlenecks of its new Model 3 sedan and to h... More »
The American Red Cross will for the first time fly a drone to assess damage and funnel aid to areas of Houston flooded by Hurricane Harvey over the last two weeks, the agency and sponsors said on Thursday. More »
Ten sailors are missing after a U.S. warship collided with an oil tanker east of Singapore on Monday, the U.S. Navy said, the second accident involving U.S. Navy destroyers in Asian waters in little more than two months. More »
No oil spill was reported after a collision between a U.S. guided-missile destroyer and a merchant vessel in Singapore waters, authorities in the city-state said on Monday. More »
A 60-year-old Singaporean man is under investigation for inserting toothpicks into a seat on a public bus, a suspected case of "mischief" that could put him behind bars for up to two years, the police said on Tuesday. More »
FILE PHOTO: A Hyperloop One test vehicle is transported at a DevLoop track in the Nevada Desert in a photo taken May 12, 2017 and released July 13, 2017. Hyperloop One/Handout via REUTERS By Alex Dobuzinskis Engineers will soon conduct a crucial test of a futu... More »
FILE PHOTO: An Amazon.com Inc driver stands next to an Amazon delivery truck in Los Angeles, California, U.S., May 21, 2016. REUTERS/Lucy Nicholson/File Photo Hydrogen fuel cell maker Plug Power Inc (PLUG.O) said on Wednesday Amazon.com Inc (AMZN.O) had acquir... More »
Pedestrians walk by the main entrance of the Buenos Aires Stock Exchange, Argentina, April 18, 2016. REUTERS/Marcos Brindicci – RTX2AHAB Latin American governments and companies could soon step up bond sales, seizing on an increased appetite for deals as a reg... More »
Richard LeFrak, President and CEO of LeFrak Organization, answers questions from a reporter during the Reuters Global Real Estate and Infrastructure Summit in New York, June 14, 2010. REUTERS/Keith Bedford A group advising U.S. President Donald Trump on infras... More »
A glut of idled river barges is clogging Mississippi River shorelines from St. Louis to New Orleans, leaving U.S. barge companies that haul grain, coal and other bulk goods counting their losses. More »
A CSX coal train (R) moves past an idling CSX engine at the switchyard in Brunswick, Maryland October 16, 2012. REUTERS/Gary Cameron The activist investor targeting U.S. railroad operator CSX Corp. (CSX.O) said in a letter to the company’s board on Thursday th... More »
A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S. December 28, 2016. REUTERS/Andrew Kelly U.S. companies are set to report their strongest profit growth in two years, which could go a long way to... More »
The Tesla Model S version 7.0 software update containing Autopilot features is demonstrated during a Tesla event in Palo Alto, California, U.S., October 14, 2015. REUTERS/Beck Diefenbach/File Photo German Transport Minister Alexander Dobrindt has asked Tesla (... More »
A Hanjin Shipping Co ship is seen stranded outside the Port of Long Beach, California, September 8, 2016. REUTERS/Lucy Nicholson/File Photo All Hanjin Shipping Co Ltd (117930.KS) chartered vessels that have completed unloading their cargo have been told to can... More »
A Hanjin Shipping Co ship is seen stranded outside the Port of Long Beach, California, September 8, 2016. REUTERS/Lucy Nicholson A Hanjin Shipping Co Ltd (117930.KS) vessel is finishing unloading in California and scheduled to leave port on Monday, shipping in... More »
KUNMING, China/VIENTIANE For the southwestern city of Kunming, China’s plan to extend a high-speed rail link 3,000 km (1,875 miles) south to Singapore is already a boon: pristine expressways, a gleaming station and something of a real estate boom, as young buy... More »
NORTH LAS VEGAS, Nev. A car-sized sled powered by electromagnets rocketed to more than 100 miles (160 kph) an hour through the Nevada desert on Wednesday in what the Los Angeles company developing the technology said was the first successful test of a futurist... More »
NEW YORK The two hedge funds that launched a boardroom fight with United Continental Holdings Inc (UAL.N) last week oppose the airline’s plans to give Chief Executive Oscar Munoz the additional role of chairman and have concerns about his compensation, accordi... More »
FRANKFURT Volkswagen AG’s (VOWG_p.DE) trucks business may pursue acquisitions or even a public listing, the company said on Monday, only days after the parent company was forced to delay publishing earnings in the wake of a diesel emissions scandal. “We’re kee... More »
BOSTON Sitting on a double-digit loss that is the deepest in his firm’s history, billionaire investor Bill Ackman on Tuesday told investors that he made mistakes last year in not cutting two big positions but said he sees plenty of new investment opportunities... More »
LONDON A bumper North American railroad bid and three other big tie-ups announced this week have taken the number of takeover deals worth $5 billion or more to a record 128 this year, according to Thomson Reuters data. Pacific Railway’s bid for rival Norfolk S... More »
FRANKFURT The falling cost of intelligent robots may help repatriate some car manufacturing work away from low-cost locations like China back to factories in Germany and North America, Donald Walker, Chief Executive of auto supplier Magna told Reuters. Rising ... More »
WASHINGTON A speeding Wal-Mart truck driver who had been awake for 28 hours was held responsible on Tuesday for a 2014 highway crash that left “30 Rock” star Tracy Morgan with brain injuries and killed a fellow comedian, U.S. transport regulators said. The Nat... More »
