HONG KONG Chinese telecom equipment and smartphone maker ZTE Corp will announce a new management team on Tuesday, a spokesman said. ZTE’s board of directors will meet to approve the new team, and a stock exchange filing is expected on Tuesday afternoon, ZTE sp... More »
From his seat atop the Fed’s smallest bank, in a region known for fracking, farming and ranching, Neel Kashkari wants to make sure he’s heard well beyond the northern plains. Since becoming president of the Federal Reserve Bank of Minneapolis this year, the 42... More »
DETROIT Tesla Motors Inc said orders for its new Model 3 electric sedan topped 253,000 in the first 36 hours — a fast start for the company’s first mass-market vehicle, which may not begin to reach customers for another 18 months or more. Tesla Chief Executive... More »
SAN FRANCISCO The FBI’s method for breaking into a locked iPhone 5c is unlikely to stay secret for long, according to senior Apple Inc engineers and outside experts. Once it is exposed, Apple should be able to plug the encryption hole, comforting iPhone users ... More »
NEW DELHI India’s top cigarette maker ITC Ltd, part-owned by British American Tobacco, said it was not ready to print bigger health warnings on its packs as mandated by the government and will keep its factories shut until clarity emerges on the new rules. ITC... More »
The Federal Bureau of Investigation has assured law enforcement across the United States that it will help unlock mobile devices such as iPhones involved in investigations when it is allowed by law and policy. The FBI said in a letter to local authorities that... More »
WASHINGTON Digital privacy advocates and users of Reddit expressed their alarm on Friday over a change in the forum’s transparency report that suggested it may have been asked to give customer data to FBI investigators under a secretive government authority. T... More »
LONDON The world’s first life-saving gene therapy for children, developed by Italian scientists and GlaxoSmithKline, has been recommended for approval in Europe, boosting the pioneering technology to fix faulty genes. The European Medicines Agency (EMA) said o... More »
TEL AVIV Already a pioneer in high-tech and cutting-edge agriculture, Israel is starting to attract American companies looking to bring medical marijuana know-how to a booming market back home. Since 2014, U.S. firms have invested about $50 million in licensin... More »
TOKYO A laggard in embracing the ‘fintech’, or financial technology, revolution, Japan is set to ease investment restrictions that could free up the flow of capital in an economy sitting on an estimated $9 trillion in individuals’ cash deposits. Strict regulat... More »
(Reuters Health) – U.S. doctors and hospitals throw out almost $3 billion (roughly 2.7 billion euros) in unused cancer drugs each year because the medicines come in supersized single-use packages and excess medicine must be discarded for safety reasons, a rece... More »
BOSTON Billionaire investor William Ackman, whose hedge fund is one of the biggest investors in drug company Valeant, has been asked to supply information to U.S. legislators probing price hikes in the pharmaceutical industry. Ackman told investors in his Pers... More »
The U.S. Securities and Exchange Commission has ruled Exxon Mobil Corp must include a climate change resolution on its annual shareholder proxy, a defeat for the world’s largest publicly traded oil producer, which had argued it already provides adequate carbon... More »
JAKARTA Ride-hailing apps Grab and Uber must partner with a transport business and register their cars by the end of May if they want to continue to operate in Southeast Asia’s largest economy, a minister said on Thursday. “Uber, Grab are app companies. If the... More »
WINSTON-SALEM, N.C. North Carolina’s governor on Wednesday signed into law a measure that blocks local governments in the state from enacting ordinances to allow transgender people to use public bathrooms that match their gender identities. The legislation cam... More »
NEW YORK Wealth managers in the United States are cutting fees, relying more on technology to give advice and reducing the minimum amounts clients can hold in their brokerage accounts, all in preparation a new rule governing how they advise retirement savers. ... More »
WASHINGTON The Supreme Court on Wednesday headed toward a possible 4-4 split over a legal challenge by Christian nonprofit employers who object to providing female workers insurance covering birth control as required by President Barack Obama’s healthcare law.... More »
SAN FRANCISCO Amazon.com Inc, under pressure from an activist shareholder to disclose its policies on gender pay equality, said on Wednesday its female employees earned as much as their male counterparts, according to a survey it recently conducted. The disclo... More »
WASHINGTON/NEW YORK A bill that aims to protect babies born to mothers who used heroin or other opioids during pregnancy was introduced on Wednesday in the House as part of the government’s response to a Reuters investigation. The bipartisan measure would requ... More »
LONDON Britain’s Supreme Court has rejected an attempt by Trinity Mirror to reduce the amount of compensation it must pay eight people who had their phones hacked by staff working for the newspaper group. Trinity, which publishes the Daily Mirror tabloid, had ... More »
ROME Fried cow’s brains might not be to everyone’s taste, but more people may sample the Florentine specialty now that Italy’s art capital has ordered food outlets in the city center to sell mostly local produce. Florence is the latest Italian tourist destinat... More »
BEIJING China’s environment ministry has ordered an investigation after a provincial environmental protection body fined a polluting factory just 603 yuan ($90) for dumping waste water, state media said on Friday. China’s government has repeatedly vowed to get... More »
ASTANA Kazakh officials and their visitors will have to leave their smartphones at the door of government buildings from March 24 in line with a new policy aimed at preventing leaks of sensitive documents, a leaked document showed on Thursday. The memo cites “... More »
BEIJING The subsidizing of fares and the supplementing of driver wages by ride-hailing companies such as Didi Kuaidi and U.S. firm Uber Technologies Inc [UBER.UL] are competitively unfair and could not be sustained long-term, China’s transport minister said. T... More »
MUMBAI/NEW DELHI Shares in the Indian units of U.S.-based drugmakers Pfizer (PFE.N) (PFIZ.NS) and Abbott Laboratories (ABT.N) (ABOT.NS) fell as much as 5 percent on Monday after authorities imposed a ban on their codeine-based cough syrups, saying they posed a... More »
NEW DELHI U.S.-pharmaceutical giant Abbott Laboratories’ India unit (ABT.N) (ABOT.NS) will comply with all legal requirements of a government order that bans more than 300 combination drugs in the country, a company spokesman said on Monday. India banned 344 d... More »
MUMBAI A powerful antibiotic combination that is marketed in India by U.S. pharmaceutical giant Abbott Laboratories is among 344 drug combinations that have been banned by the Indian health authorities. A Reuters investigation revealed in December that a unit ... More »
WASHINGTON In April 2014, the administration of President Barack Obama announced the most ambitious clemency program in 40 years, inviting thousands of jailed drug offenders and other convicts to seek early release and urging lawyers across the country to take... More »
FRANKFURT A former employee of Volkswagen’s (VOWG_p.DE) U.S. subsidiary is suing the company for damages, claiming he was unlawfully fired after flagging internally what he alleged was illegal deletion of data, a group of German media outlets said on Sunday. T... More »
U.S. health regulators said a genetically engineered mosquito being used in the fight against Zika will not have a significant impact on the environment, possibly paving the way for the technique to be used in the country. The self-limiting strain of the Aedes... More »
LONDON Britain said it will begin trialing driverless cars on motorways for the first time in 2017, as it moves toward its goal of allowing autonomous cars to take to the streets by 2020. The government said last year there were no legal barriers to the techno... More »
MILAN French media group Vivendi (VIV.PA) has raised its stake in Telecom Italia (TLIT.MI) to 24.9 percent, just below the 25 percent threshold that would force it to launch a takeover bid, according to a filing with U.S. market authorities. Vivendi previously... More »
MUMBAI India has given private assurances that it will not grant licences allowing local firms to override patents and make cheap copies of drugs by big Western drugmakers, a U.S. business advocacy group said. The comments were revealed in a submission last mo... More »
NEW YORK Embattled drug company Valeant Pharmaceuticals International Inc, whose stock price has tumbled 38 percent this year, will appoint three new board members as soon as Wednesday, people familiar with the matter said on Tuesday. The drug maker will award... More »
WASHINGTON U.S. House of Representatives Speaker Paul Ryan said on Tuesday that lawmakers would continue to press for new sanctions against Tehran “until the regime ends its violent, provocative behavior against the U.S. and our allies.” Ryan, whose Republican... More »
WASHINGTON Senate Banking Committee Chairman Richard Shelby on Tuesday started to ease the backlog of 16 Obama administration nominees stalled before the panel, scheduling a March 15 confirmation hearing for two Securities and Exchange Commission nominees. The... More »
TORONTO Canadian fund Catalyst Capital, a fierce critic of Corus Entertainment Inc’s (CJRb.TO) C$2.65 billion ($2 billion) bid for Shaw Communications Inc’s (SJRb.TO) media assets, on Friday called on the Shaw family that controls both companies to prove the d... More »
JAKARTA Global Internet-based firms could have their services blocked in Indonesia if they do not obtain “permanent establishment” status in the country and pay Indonesian tax, government officials said on Monday. Finance Minister Bambang Brodjonegoro told rep... More »
NEW YORK At last May’s annual meeting of his Berkshire Hathaway Inc, Warren Buffett said he had “no apologies whatsoever” for the lending practices of the company’s Clayton Homes mobile home unit, which had been accused in a published report of predatory lendi... More »
BRUSSELS The United States has set out limits to its use of data collected in bulk about European citizens after a new information-sharing pact was agreed this month, according to documents seen by Reuters. A clear explanation of what information could be used... More »
SHANGHAI China’s drug regulator said it would accelerate approvals of new medicines, long a headache for pharmaceutical firms who complain it takes too long to get drugs to market. The China Food and Drug Administration (CFDA) said in a statement published on ... More »
SHANGHAI Financial leaders of the world’s 20 biggest economies agreed to inform each other in advance about policy decisions that could lead to devaluations of their currencies, the chairman of euro zone finance ministers Jeroen Dijsselbloem said on Saturday. ... More »
BERLIN Facebook has learned from Germany to include migrants as a class of people that needed to be protected from “hate speech” online, Chief Executive Mark Zuckerberg said on the second day of a visit to Berlin on Friday. A perceived slowness to remove anti-... More »
CHICAGO A study of nine pregnant women from the United States who traveled to countries where the Zika virus was circulating shows a greater-than-expected number of fetal infections and brain abnormalities, U.S. health officials said on Friday. Two of the wome... More »
Pregnant women should consider not traveling to the 2016 Olympic Games in Brazil due to the risk of Zika virus infection, the U.S. Centers for Disease Control and Prevention said on Friday. CDC also said women considering becoming pregnant, and their male part... More »
The Financial Industry Regulatory Authority’s board of governors has approved a plan that would require brokerage firms to disclose how much they mark up the price of most bonds they sell to retail customers, the Wall Street watchdog said on Friday. FINRA’s co... More »
HOUSTON New York state’s comptroller and four other Exxon Mobil shareholders asked the U.S. Securities and Exchange Commission this week to force the oil producer to include a climate change resolution in its annual shareholder proxy, according to a filing see... More »
SAN FRANCISCO The legal showdown between Apple Inc (AAPL.O)and U.S. law enforcement over encryption, no matter the outcome, will likely accelerate tech company efforts to engineer safeguards against government intrusion, tech industry executives say. Already, ... More »
WASHINGTON/DETROIT U.S. lawmakers on Tuesday stepped up pressure on federal regulators and Takata Corp (7312.T) to accelerate the recall of millions of airbag inflators, citing evidence that the Japanese company manipulated data to cover up problems with its p... More »
U.S. health officials are investigating 14 reports of the Zika virus that may been transmitted through sex, including to several pregnant women, raising new questions about the role sexual transmission is playing in the growing outbreak. In two of the suspecte... More »
WASHINGTON Two leading House Democrats introduced legislation on Tuesday intended to curb corporate tax inversion deals by preventing companies from lowering the effective tax rates of U.S. business operations after moving their headquarters overseas. A bill, ... More »
Prosecutors took unusual steps in enlisting victims of the San Bernardino attack in the government’s heated battle with Apple Inc(AAPL.O) over access to an iPhone belonging to one of the shooters, according to people involved in the effort and legal experts. F... More »
BARCELONA Britain’s BT said it would increase investment in superfast broadband, including more fiber to the home, if regulator Ofcom decides against forcing a break-up of the company. Ofcom is examining whether BT’s networks arm Openreach should remain part o... More »
The former JPMorgan Chase & Co trader who became known as the “London Whale” as his unit generated $6.2 billion of trading losses in 2012 said he is not to blame for the scandal and was made a scapegoat for decisions made by his superiors. In a roughly 2,100-w... More »
NEW YORK Kentucky’s troubled public pension funds are fighting a bill requiring them to disclose performance fees paid to outside asset managers and use more transparent methods when selecting those managers. Both the Kentucky Teachers Retirement System (KTRS)... More »
MILAN French media group Vivendi has increased its stake in Telecom Italia to 22.8 percent, a regulatory filing showed, further strengthening its position as the top shareholder in the Italian phone group. The filing with the U.S. Securities and Exchange Commi... More »
PARIS Distracted by an unresolved migration crisis and negotiations on keeping Britain in the European Union, euro zone leaders could be caught unprepared by a new storm on financial markets. Global market turmoil since the start of the year has helped set war... More »
WASHINGTON The U.S. Air Force would ground the Russian-built RD-180 engines that power its Atlas 5 rockets if a U.S. government review determines that several sanctioned Russian individuals have too close a relationship with the engine maker, a top U.S. genera... More »
MONTREAL/WASHINGTON Europe and the United States tried to bridge differences over emissions standards for aircraft on Sunday as global aviation leaders prepared to adopt new rules that could affect Boeing Co and Airbus Group’s production of the largest jetline... More »
FRANKFURT Volkswagen will offer generous compensation packages to the roughly 600,000 U.S. owners of diesel vehicles whose emissions are over the legal limit, the head of its claims fund told a German paper. The German car maker has still not decided whether v... More »
FRANKFURT The vast troves of consumer data held by big Internet companies should be scrutinized in merger probes because they have a big impact on competition, the president of the German antitrust watchdog told a newspaper. “Until now, markets in which no mon... More »
WASHINGTON Russian authorities in November raided offices associated with a Moscow film distribution and production company as part of a crackdown on one of the world’s most notorious financial hacking operations, according to three sources with knowledge of t... More »
NEW YORK Ray Dalio, founder of Bridgewater Associates LP, the world’s largest hedge fund, said on Friday that a Wall Street Journal story about a dispute with his heir apparent, Greg Jensen, was overblown. The newspaper reported that Dalio and Jensen had gone ... More »
WASHINGTON U.S. and UK spy agencies and police may soon be allowed to directly ask media companies in each others’ countries for email and online chat data for people being investigated, under a tentative bilateral deal, officials said on Friday. As government... More »
WASHINGTON Twitter Inc (TWTR.N) has shut down more than 125,000 terrorism-related accounts since the middle of 2015, most of them linked to the Islamic State group, the company said in a blog post on Friday. Twitter has said it only takes down accounts when th... More »
NEW YORK Wall Street financier Lynn Tilton on Friday said her firm Patriarch Partners LLC will become a “family office” and will step down as collateral manager of three investment pools that helped fund her portfolio of troubled companies. The decision follow... More »
Activist investors are putting the U.S. banking sector in their crosshairs, betting that headwinds whipping through the industry will accelerate consolidation among lenders. While these activist hedge funds have already targeted some major financial companies,... More »
SHANGHAI Beijing has called on local authorities to crack down on illegal fundraising platforms after China’s largest online peer-to-peer (P2P) lender was found to have collected more than 50 billion yuan ($7.6 billion) for fake investment projects. The State ... More »
The E. coli outbreak that affected dozens of Chipotle Mexican Grill customers in nine states last year is expected to be declared over as soon as Monday, the Wall Street Journal reported, citing people familiar with the government’s investigation. Investigator... More »
WASHINGTON Barclays (BARC.L) and Credit Suisse (CSGN.VX) have settled federal and state charges that they misled investors in their dark pools, with Barclays admitting it broke the law and agreeing to pay $70 million, federal and New York state officials said ... More »
WASHINGTON Facebook Inc (FB.O) prohibited global users from coordinating person-to-person private sales of firearms on its online social network and its Instagram photo-sharing service on Friday, countering concerns that it was increasingly being used to circu... More »
WASHINGTON U.S. President Barack Obama spoke on Friday with Brazilian President Dilma Rousseff about the spread of the Zika virus in the Western Hemisphere, the White House said. “The leaders agreed on the importance of collaborative efforts to deepen our know... More »
WASHINGTON U.S. securities regulators plan to scale back examinations of brokers so they can shift resources to improve oversight of investment advisers, which have traditionally faced less scrutiny, several people familiar with the matter said on Friday. The ... More »
MELBOURNE Tennis officials on Wednesday launched an independent review into their anti-corruption practices after allegations the sport’s watchdog had not done enough to stamp out possible corruption in the game. The announcement at the Australian Open came in... More »
Health insurer Anthem Inc (ANTM.N), which is in the process of buying smaller rival Cigna Corp (CI.N), reported a 6.3 percent rise in quarterly revenue as more people enrolled in its Medicaid plans. Anthem, which operates Blue Cross Blue Shield plans in more t... More »
LONDON Ukraine must show resolve in tackling “brutal” corruption by prosecuting high-level officials or face widespread disappointment at home and among foreign institutions, the head of its internationally-funded anti-graft ombudsman said. Former Lithuanian f... More »
CHICAGO/WASHINGTON President Barack Obama on Tuesday called for the rapid development of tests, vaccines and treatments to fight the mosquito-transmitted Zika virus, which has been linked to birth defects and could spread to the United States in warmer months.... More »
WASHINGTON U.S. President Barack Obama on Tuesday called for the rapid development of tests, vaccines and treatments to fight the Zika virus, following a briefing on the spread of the mosquito-transmitted disease, the White House said. The World Health Organiz... More »
WASHINGTON A Virginia resident who traveled outside the United States has tested positive for the mosquito-transmitted Zika virus, state health officials said on Tuesday. The adult resident had recently traveled to a country where Zika virus transmission was o... More »
WASHINGTON U.S. President Barack Obama will propose in his upcoming budget measures to help more than 30 million Americans save for retirement, such as automatically enrolling workers in Individual Retirement Accounts and making it easier for workers to keep s... More »
LONDON British insurer Prudential Plc (PRU.L) posted a slightly above-forecast capital ratio under new European rules and appointed a UK head as it attempts to woo investors later on Tuesday. Prudential has been a darling of investors but worries about Asian m... More »
SINGAPORE A surge in socially responsible investments to $59 trillion globally over the past decade is nudging Asian firms to change a notoriously insular management style to one that actively addresses corporate governance concerns. As earnings growth and Chi... More »
ISLAMABAD Pakistan said on Monday it had removed a three-year ban on YouTube after the Google-owned video-sharing website launched a local version that allows the government to demand removal of material it considers offensive. Pakistan banned access to YouTub... More »
BERLIN Facebook Inc (FB.O) began a Europe-wide campaign on Monday to thwart extremist posts on social media, after German politicians in particular raised concerns about a rise in xenophobic comments linked to an influx of refugees. The U.S.-based group launch... More »
BUDAPEST Taxi drivers in Hungary’s capital demonstrated on Monday against ride-hailing service Uber, whose growing popularity they find unpalatable amid new regulations setting a fixed tariff for traditional taxi firms that is higher than Uber’s. Taxis blocked... More »
BRUSSELS The European Union wants guarantees of effective limits on U.S. authorities’ power to request people’s personal information from companies to conclude a new EU-U.S. data transfer pact, a top EU official said on Monday, as a deadline from EU privacy re... More »
BRUSSELS – NBCUniversal, Disney and four other U.S. studios together with Sky UK on Monday rebuffed European Union charges of anti-competitive movie-licensing deals in a crucial hearing ahead of a decision later this year. The companies’ defense at a three-day... More »
WASHINGTON – U.S. President Barack Obama on Saturday laid out a plan to help support the income of workers who lose their jobs and end up in lower paying positions, as part of a push to get unemployed Americans back to work. The proposal would offer experience... More »
LONDON The 19th century courtyards of Britain’s parliament echoed to the strains of Hubert Parry’s “Jerusalem” on Wednesday in one of the loudest public shows of support for a possible new anthem to be played at English sports events. One lawmaker has challeng... More »
TORONTO Canada’s Shaw Communications Inc said on Wednesday that it would sell its media unit to Corus Entertainment Inc for C$2.65 billion ($1.9 billion), gaining funding for its Wind Mobile purchase and sending its shares up nearly 7 percent. Corus, which ope... More »
BERLIN The fact that people of foreign descent were behind much of the violence in Cologne on New Year’s Eve should not be kept quiet but neither should it lead people to general suspicion toward all refugees and migrants, the German interior minister said on ... More »
(This January 8 story has been corrected in paragraph 10 to say Mark Alexander is “president” not “senior vice president” of Campbell Soup’s Americas Simple Meals and Beverages unit) By Siddharth Cavale and Subrat Patnaik Campbell Soup Co is to start disclosin... More »
BOSTON Viacom Inc (VIAB.O) will allow investors to vote in March on a proposal to extend voting rights to all shareholders, though the measure is certain to fail as it is opposed by executive chairman Sumner Redstone’s holding company. Still, the vote will tes... More »
The hedge fund billionaire Steven A. Cohen has resolved U.S. charges related to insider trading, in an accord that clears the way for one of Wall Street’s top investors to soon manage outside money even after his former firm pleaded guilty to fraud. Cohen acce... More »
WARSAW Poland dismissed European Commission concern on Friday that a new law on state-run media threatened media freedom, warning Brussels not to interfere in its affairs on the basis of “biased and politically-engaged” reports. Simultaneously, the government,... More »
NEW YORK Citigroup retained its market-leading position at the top of the US Collateralized Loan Obligation (CLO) arranger league table in 2015 for volume and deal count while issuance fell 20% ahead of looming new regulations. Citigroup increased its share of... More »
CHICAGO The U.S. stock market may give us a rocky ride in 2016, but the year is shaping up to be a good one for retirement savers. At long last, investment advisers may be required to put your best interests ahead of their own. The U.S. Department of Labor is ... More »
Martin Shkreli, the pharmaceutical entrepreneur facing U.S. charges of securities fraud, has said he had been the target of legal authorities for his much-criticized drug-price hikes and his over-the-top public persona, the Wall Street Journal reported. Shkrel... More »
MUMBAI Shares in India’s largest drugmaker, Sun Pharmaceutical Industries Ltd, skidded more than 7 percent on Monday after U.S. regulators warned of standards violations at a key plant in the latest blow to India’s generic drug industry. The warning comes bare... More »
WASHINGTON Locked in budget talks in the twilight of his Senate career, Harry Reid saw an unexpected opening to bargain for his legislative wish list. It had become apparent to Senate Democratic Majority Leader Reid that lifting the longstanding ban on U.S. oi... More »
