Reuters Business News:
Japan business mood steady but outlook sours: BOJ tankan
12/13/2018 7:01 PM
Confidence among Japan"s big firms remained unchanged from three months ago, a closely-watched central bank survey showed, but sentiment on the outlook soured for the first time in three quarters as trade frictions and global growth concerns hurt the business mood. Read More
Nissan board may fail to select new chairman on Monday: Nikkei
12/13/2018 6:56 PM
Nissan Motor Co"s board may fail to select a chairman to succeed Carlos Ghosn as had been planned on Dec. 17 after a panel tasked to choose a candidate was unable to agree on a nominee in a meeting held Thursday, the Nikkei reported. Read More
New York sues Target, Walmart over lead-contaminated toys
12/13/2018 6:52 PM
Target Corp , Walmart Inc and toy importer LaRose Industries were sued on Thursday over the sale of lead-contaminated children"s toys, New York Attorney General Barbara Underwood said. ...Read More
Asian shares wobbly, euro steady after ECB ends QE
12/13/2018 6:47 PM
Asian shares were on the defensive on Friday as investors kept a wary eye on economic tensions between Washington and Beijing while the euro was steady after the European Central Bank halted new bond purchases as expected. ...Read More
GE"s digital unit to sell majority stake in ServiceMax
12/13/2018 6:36 PM
General Electric Co on Thursday said its digital unit would sell a majority stake in ServiceMax, a cloud-based provider of software used in inventory and workforce management, to technology-focused private equity firm Silver Lake. Read More
U.S. recession risks jump, Fed rate hike expectations slump: Reuters poll
12/13/2018 6:19 PM
The risk of a U.S. recession in the next two years has risen to 40 percent, according to a Reuters poll of economists who also found a significant shift in expectations toward fewer Federal Reserve interest rate rises next year. Read More
Exclusive: France plans Renault CEO hunt as board frays over Ghosn - sources
12/13/2018 6:09 PM
The French government is seeking candidates to replace Renault"s embattled boss Carlos Ghosn, sources told Reuters, as board members began to voice doubts about keeping him in office following his indictment in Japan for suspected misconduct. Read More
Costco margin dip overshadows sales beat, shares slide
12/13/2018 5:43 PM
Costco Wholesale Corp"s gross margins fell in the first quarter, as the warehouse operator paid higher wages, ramped up investments in its online business and cut prices amid intense competition in the grocery industry. ...Read More
Evidence of Apple switch ruled inadmissible in Qualcomm antitrust case
12/13/2018 5:40 PM
A federal judge on Thursday ruled that evidence provided by chip supplier Qualcomm Inc that major phone makers like Apple Inc have moved to competing suppliers like Intel Corp cannot be used to fight allegations Qualcomm acted to preserve a monopoly on some mobile phone chips. Read More
PG&E seeks 12 percent rate hike in 2020
12/13/2018 5:35 PM
PG&E Corp said on Thursday it had requested California"s top utilities regulator for a 12 percent rate hike in 2020 to fund its community wildfire safety program, insurance liabilities, and core gas and electric operations. ...Read More

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