Reuters: Business News

Reuters News
  1. Southwest Airlines flags government shutdown impact; profit beats
    Southwest Airlines Co said on Thursday the U.S. partial government shutdown had knocked between $10 million and $15 million off its revenue so far in January as it reported a better-than-expected fourth-quarter profit.
  2. Oil falls in about-face as Venezuela-driven bounce fades
    Oil fell on Thursday as concern over the global economy reasserted itself, reversing earlier price gains made on the potential for U.S. sanctions on Venezuela.
  3. Deutsche Bank queried by House panels on Trump ties
    Deutsche Bank has received an inquiry from two U.S. House of Representatives committees on the lender's ties to U.S. President Donald Trump, it said on Thursday.
  4. Exclusive: Hedge fund prepares proxy fight to oust board at embattled PG&E
    PG&E Corp  shareholder Blue Mountain Capital Management LLC is preparing to launch a proxy fight to oust the embattled California utility owner's board, arguing that the company is harming investors with its plan to seek bankruptcy protection in the...
  5. U.S. copper projects gain steam thanks to electric vehicle trend
    Once seen as a laggard in the global mining industry, U.S. copper deposits have quietly drawn more than $1.1 billion in investments from small and large miners alike as Tesla and other electric carmakers scramble for more of the red metal.
  6. Airbus CEO warns of 'harmful decisions' for UK jobs in a no-deal Brexit
    Airbus warned on Thursday it could shift future wing-building out of Britain in the absence of a smooth exit from the European Union, predicting "potentially very harmful decisions" for its British operations in the event of a 'no-deal' Brexit.
  7. Siemens CEO declined offer for support from activists: Manager Magazin
    Siemens Chief Executive Joe Kaeser has declined requests from some activist investors whether he would need "support" in running the German industrial conglomerate, the CEO told a German magazine.
  8. U.S. universities unplug from China's Huawei under pressure from Trump
    Top U.S. universities are ditching telecom equipment made by Huawei Technologies and other Chinese companies to avoid losing federal funding under a new national security law backed by the Trump administration.
  9. Bombardier to buy Global jet wing-making unit from Triumph
    Canada's Bombardier Inc said on Thursday it will buy a wing manufacturing unit from aircraft parts supplier Triumph Group to boost its business jets program.
  10. Activist target Pernod boosts board independence with new role
    French spirits group Pernod Ricard named business veteran Patricia Barbizet to the newly created role of lead independent director on Wednesday as it faces pressure from activist investor Elliott to improve its governance.

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