Reuters: Business News

Reuters News
  1. Target third-quarter comparable sales, earnings miss estimates; shares drop
    Target Corp reported third-quarter earnings and comparable sales below estimates on Tuesday at a time when a strong economy has boosted consumer spending at rival retailers, sending its shares down 7 percent in premarket trade.
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  2. Exclusive: Nissan expands Ghosn probe to include Renault alliance - sources
    Nissan's investigation into alleged misconduct by Chairman Carlos Ghosn is expanding to include Renault-Nissan finances, sources told Reuters - in a further sign that Nissan may seek to loosen its French parent's hold on their global carmaking...
  3. Pakistan, IMF extend bailout talks: finance ministry
    Pakistan has extended bailout talks with the International Monetary Fund (IMF) and expected an agreement by mid-January, a finance ministry official said on Tuesday.
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  4. UK Plc prepares for messy Brexit as clock ticks down
    British companies selling everything from washing machines to flights, food and mortgages plan to spend tens of millions of pounds in case the political brinkmanship gripping the country leads to a disorderly Brexit.
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  5. FedEx expands fleet to add 1,000 Chanje electric vans
    FedEx Corp said on Tuesday it plans to add 1,000 Chanje electric delivery vans to its fleet of vehicles in a bid to save on fuel and cut down on pollution.
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  6. France urges Renault to replace Ghosn, defends alliance
    France urged Renault on Tuesday to replace CEO Carlos Ghosn a day after his arrest in Japan on financial misconduct allegations, but sought to defend the carmaker's alliance with Nissan, which has been rocked by the scandal.
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  7. Explainer: What misconduct is Nissan's Ghosn accused of, and how did it come to light?
    Japan was shocked by news that Nissan Motor Co Chairman Carlos Ghosn, who was widely respected for rescuing the car maker from near bankruptcy, was arrested on Monday for alleged financial misconduct.
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  8. iPhone demand worries send ripples through global markets
    World stock markets fell on Tuesday as worries over softening demand for the iPhone prompted a sell-off by tech stocks around the world, while the arrest of car boss Carlos Ghosn pulled down Nissan and Renault.
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  9. Bitcoin for payments a distant dream as usage dries up
    The use of bitcoin for commercial payments has dropped dramatically this year, even as the original digital coin starts to fulfill one of the basic features of any payment currency: stability.
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  10. Lowe's to get rid of Mexico stores in further streamlining
    Lowe's Cos Inc said on Tuesday it was looking to shed its retail operations in Mexico and certain non-core U.S. businesses as the country's second-biggest home improvement chain strives to compete with rivals including Home Depot.
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