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Reuters Business News:
Wall Street gains as U.S.-China trade talks gather pace
5/22/2018 9:20 AM
(Reuters) - U.S. stocks rose on Tuesday, adding to gains from a day earlier, as the United States and China made progress on reducing trade tensions after agreeing to put their differences on hold. ...Read More
Tesla"s Musk admits Model 3 braking issue, promises fix
5/22/2018 8:28 AM
(Reuters) - Tesla Inc Chief Executive Officer Elon Musk has sought to play down a report identifying "big flaws" in its Model 3 sedan, admitting there is a braking issue with the vehicle but saying it will be fixed with a software update within days. Read More
China, U.S. near deal on ZTE reprieve; Beijing cuts auto tariffs
5/22/2018 9:57 AM
BEIJING (Reuters) - Washington neared a deal to lift its ban on U.S. firms supplying Chinese telecoms gear maker ZTE Corp, sources said on Tuesday, and Beijing announced tariff cuts on car imports, further easing trade tensions between the world"s two largest economies. Read More
J.C. Penney CEO Ellison jumps ship to Lowe"s
5/22/2018 9:21 AM
(Reuters) - J.C. Penney"s Chief Executive Officer Marvin Ellison is leaving the struggling retailer to join home improvement chain Lowe"s Cos Inc , the companies said on Tuesday, sending shares in the U.S. department store chain down 4 percent. Read More
Sony in $2.3 billion deal for EMI, becomes world"s biggest music publisher
5/22/2018 9:52 AM
TOKYO (Reuters) - Sony Corp said on Tuesday it would pay about $2.3 billion to gain control of EMI, becoming the world"s largest music publisher in an industry that has found new life on the back of streaming services. ...Read More
Japan, Russia, Turkey bring potential U.S. tariff retaliation to $3.5 billion
5/22/2018 9:58 AM
GENEVA (Reuters) - Japan, Russia and Turkey have warned the United States about potential retaliation for its tariffs on steel and aluminum, the World Trade Organization said on Tuesday, bringing the total U.S. tariff bill to around $3.5 billion annually. Read More
Facebook"s Zuckerberg faces EU Parliament grilling
5/22/2018 6:32 AM
BRUSSELS (Reuters) - Facebook Chief Executive Mark Zuckerberg will meet with leaders of the European Parliament on Tuesday to answer questions about how the data of millions of Facebook users ended up in the hands of a political consultancy. Read More
Trump wants more from EU to lift tariffs: EU trade chief
5/22/2018 9:25 AM
BRUSSELS (Reuters) - Europe"s proposals to open its markets wider to U.S. products including cars appear not to have persuaded Washington to lift the threat of import tariffs on EU steel and aluminum, the bloc"s trade chief said on Tuesday. Read More
EU antitrust official sees more scrutiny for Facebook, others
5/22/2018 9:07 AM
ROME (Reuters) - Facebook and other tech giants may attract more regulatory scrutiny in future because of their market power, a senior EU antitrust official said on Tuesday. ...Read More
BP to cut 3 percent of upstream jobs by year-end
5/22/2018 9:53 AM
(Reuters) - British oil giant BP Plc said it plans to cut 3 percent of jobs in exploration and production, as part of a restructuring of its global upstream business to make the division more efficient and competitive. ...Read More

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