Browse Events

Exclusive: EU wants to exclude utilities from U.S. trade talks
BRUSSELS (Reuters) - The European Union wants to exclude much of the utility sector from a prospective EU-U.S. free trade agreement in order to protect government controlled infrastructure, the latest draft of the EU's mandate for the negotiations showed on Tuesday.

Two Denso Corp executives to plead guilty to price fixing: U.S.
WASHINGTON (Reuters) - Two executives at auto parts maker Denso Corp have agreed to plead guilty to conspiring to fix prices and have agreed to cooperate with an ongoing criminal investigation, the U.S. Justice Department said on Tuesday.

Wall Street drifts near record, Home Depot buoys Dow
NEW YORK (Reuters) - Stocks were little changed in early trading on Tuesday with Home Depot at a record high and buoying the blue-chips while investors eyed congressional testimony from Fed chairman Ben Bernanke on Wednesday.

Embraer books 'milestone' SkyWest deal worth up to $8.3 billion
SAO PAULO (Reuters) - SkyWest Inc , the world's largest regional airline group, agreed to buy at least 40 new jets from Brazilian planemaker Embraer SA , in a deal that could climb to 200 aircraft and a total price tag of more than $8 billion.

Senate panel hammers Apple over offshore tax strategies
WASHINGTON (Reuters) - Apple Inc came under fire on Tuesday at a Senate hearing over an investigation that alleged the U.S. high technology icon has kept billions of dollars in profits in Irish subsidiaries and paid little or no taxes to any government.

Saudi Arabia executes five Yemenis and displays corpses
DUBAI (Reuters) - Saudi Arabia executed five Yemenis on Tuesday for robbery and murder, then put their bodies on public display as a further punishment, state news agency SPA said.

Appeals court rules bin Laden death photos can stay secret
WASHINGTON (Reuters) - A federal appeals court ruled on Tuesday that the U.S. government had properly classified more than 50 images of al Qaeda leader Osama bin Laden taken after his death, and that the government did not need to release them.

AcelRX post-op pain treatment meets late-stage study goal
(Reuters) - AcelRX Pharmaceuticals Inc said its experimental treatment for post-operative pain met its main goal in a late-stage trial of patients who had undergone knee or hip replacement surgery, sending its shares up 15 percent.

Ireland rejects blame for Apple's low tax rate
CORK/DUBLIN (Reuters) - Ireland said on Tuesday it was not to blame for Apple Inc's low global tax payments and had no special rate deal with the company after the U.S. Senate said it paid little or no tax on tens of billions of dollars in profits stashed in Irish subsidiaries.

JPMorgan's Dimon looks set to remain chairman after battle
TAMPA, Florida (Reuters) - JPMorgan Chase & Co's Chairman and Chief Executive Jamie Dimon looks set to win a vote about whether he gets to keep his chairman title, the New York Times reported on Tuesday.

Sprint raises Clearwire offer, not enough for some
(Reuters) - Sprint Nextel Corp raised its buyout offer for wireless service provider Clearwire Corp to $3.40 per share, though some investors and analysts said the new bid was still not enough to overcome staunch opposition.

Iran acts to expand sensitive nuclear capacity: diplomats
VIENNA (Reuters) - A U.N. nuclear agency report due this week is expected to show Iran further increasing its capacity to produce material that its adversaries fear could eventually be put to developing atomic bombs, Western diplomats said on Tuesday.

Shell says hunt for new CEO is underway
THE HAGUE (Reuters) - The hunt for Royal Dutch Shell's next chief executive is underway, its chairman said on Tuesday, after CEO Peter Voser made what could be his last appearance at the oil group's annual shareholder meeting.

Wall Street starts slightly higher, eyes on Fed
NEW YORK (Reuters) - Stocks opened slightly stronger on Tuesday after the S&P 500 hit yet another intraday record in the previous session, with markets expected to drift sideways ahead of Congressional testimony from Federal Reserve Chairman Ben Bernanke on Wednesday.

Kerry visits Oman for arms deal, talks on Syria, Mideast
MUSCAT (Reuters) - Secretary of State John Kerry flew to Oman on Tuesday for Raytheon Co's signing of an estimated $2.1 billion arms deal and to consult on Syria and Iran, U.S. officials said.

Ericsson closes telecom cable manufacturing facility
STOCKHOLM (Reuters) - Ericsson announced on Tuesday plans to shut its telecom cable manufacturing facility in Sweden and would take a 500 million Swedish crown ($75 million) charge as a result.

Justin Bieber's monkey 'Mally' becomes German state property
BERLIN (Reuters) - A monkey which belonged to popstar Justin Bieber has become German national property after the singer failed to provide authorities with the documents needed to reclaim the pet seized by customs officials.

Singer George Michael under observation for head injuries
LONDON (Reuters) - British singer George Michael remains in hospital under observation for head injuries, five days after a car accident, his publicist said on Tuesday.

JPMorgan may beat proposal to split chairman, CEO roles: NYT
NEW YORK (Reuters) - JPMorgan Chase & Co appears to have defeated a shareholder proposal to split the roles of Chairman and Chief Executive Jamie Dimon, the New York Times reported on Tuesday.

Oklahoma lowers tornado death toll amid frantic search
MOORE, Oklahoma (Reuters) - Emergency workers searched for survivors in the rubble of homes, schools and a hospital in an Oklahoma town hit by a powerful tornado, but officials on Tuesday sharply lowered the number of deaths caused by the storm.