Reuters: Business News

Reuters News
  1. Renault's Senard expects Nissan's new board to embrace alliance
    Renault is confident that alliance partner Nissan's new board will work to reinforce their partnership as it struggles to turn the page on the Carlos Ghosn scandal, Renault Chairman Jean-Dominique Senard said on Thursday.
  2. Exclusive: Ping An-backed Lufax to ditch P2P lending on regulatory woes - sources
    Lufax, one of China's largest online wealth management platforms that is backed by financial giant Ping An Insurance , plans to exit its once-core peer-to-peer lending (P2P) business, three sources with direct knowledge of the matter told...
  3. Verizon resurrects media business as safe haven on the internet
    Banning pornography from Tumblr was not necessarily meant to define Verizon Media's strategy to turn around a collection of Internet has-beens. But that is how it has played out.
  4. Oil edges lower after rise in U.S. gasoline stocks
    Oil edged lower on Thursday, unable to shake off the downbeat mood of the last two days in response to a sharp rise in U.S. stockpiles of products such as gasoline, pointing to weak demand during the summer driving season in the United States.
  5. BMW to pick new CEO, Zipse emerges as favorite
    BMW is set to name Oliver Zipse as its new chief executive, picking the manufacturing expert to help the German automaker make the shift to electric and self-driving cars and tackle new competition from technology giants.
  6. Trump's tariffs trip up the all-American RV industry
    Carrie Gray points to a stack of unwelcome mail on a conference table at the offices of Renegade RV, one of the leading U.S. manufacturers of high-end recreational vehicles. She’s buried in bad news from most of her about 350 suppliers.
  7. Novartis raises full-year targets, aims to settle U.S. lawsuit
    Novartis boss Vas Narasimhan raised full-year targets on Thursday and announced that $700 million has been set aside in the hope of settling a decade-old lawsuit alleging that the Swiss drugmaker bribed U.S. doctors.
  8. EU Commission fines Qualcomm for second time over market abuse
    Qualcomm , the world's no.1 chipmaker, was fined 242 million euros ($272 million) on Thursday for blocking a rival from the market about a decade ago, its second EU antitrust penalty.
  9. EBay beats second-quarter revenue estimates
    (This July 17 story corrects paragraph 2 to say second-quarter revenue was up, not down)
  10. Korean Air to buy 20 Boeing 787s, lease 10 more
    (This June 19 story corrects to fix types of aircraft being purchased and leased in paragraph 2)

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