News Headlines

Asia shares take a breather, dollar sold anew

SYDNEY (Reuters) - Asian share markets took a time out on Wednesday as investors were left breathless at the breakneck pace of recent gains, while a fresh burst of speculative selling took the U.S. dollar to three-year lows.

Tue, 23 Jan 2018 22:15:31 -0500
Battle of the beans: Monsanto faces a fight for soy market

WINNIPEG, Manitoba/CHICAGO (Reuters) - Monsanto Co is facing major threats to its historic dominance of seed and herbicide technology for the $40 billion U.S. soybean market.

Wed, 24 Jan 2018 01:18:54 -0500
Puerto Rico utility sale sets up fight with creditors

NEW YORK (Reuters) - The Puerto Rican governor's plan to privatize PREPA, the island's bankrupt power utility, could herald hard times for holders of its $9 billion in bonds, who are concerned the deal could strip their ability to collect on their investments.

Wed, 24 Jan 2018 01:13:30 -0500
2018 global growth to roll to highs not seen in eight years: Reuters poll

BENGALURU (Reuters) - The global economy is expected to grow at a robust pace this year and reach an altitude not seen since 2010, as momentum builds in developed economies and inflation revives, Reuters polls of over 500 economists showed.

Wed, 24 Jan 2018 01:41:26 -0500
Tesla sets massive stock awards for Musk based on boosting market value

BANGALORE/SAN FRANCISCO (Reuters) - Silicon Valley billionaire Elon Musk could earn as much as $55.8 billion in Tesla Inc stock and own more than a quarter of the electric car company in the next decade if he hits all targets of a bold new pay plan.

Tue, 23 Jan 2018 17:42:02 -0500
Texas Instruments' revenue growth slowdown rattles investors

(Reuters) - Texas Instruments Inc on Tuesday posted the slowest revenue growth in four quarters on softer demand for its chips used in communications equipment, disappointing investors who expected sales for automotive chips to drive strong results.

Tue, 23 Jan 2018 19:32:09 -0500
Facebook buys Boston software company that authenticates IDs

NEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc is buying a software firm that specializes in authenticating government-issued identification cards, the two companies said on Tuesday, a step that may help the social media company learn more about the people who buy ads on its network.

Tue, 23 Jan 2018 18:10:29 -0500
Apple launches HomePod voice speaker, takes on Google, Amazon

(Reuters) - After missing the critical holiday shopping season, Apple Inc has jumped into the voice speaker wars with the HomePod smart speaker, a device that will use its Siri voice assistant and compete against offerings from Inc and Alphabet Inc's Google.

Tue, 23 Jan 2018 16:18:18 -0500