Business

[ad_1] (Reuters) – Toyota Motor Corp (7203.T) would take a roughly 5 percent stake in Mazda Motor Corp (7261.T) to establish a U.S. auto plant and develop key electric vehicle technologies, the Nikkei reported. The deal could be announced as soon as Friday, the newspaper said. (s.nikkei.com/2wpAbhk) The Japanese automakers would discuss building a plant
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[ad_1] TOKYO (Reuters) – Asian shares dipped on Thursday as investors locked in recent gains after Wall Street’s Dow Jones Industrial Average broke the 22,000 barrier for the first time in its 121-year history. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS dropped 0.5 percent, with South Korea’s Kospi index .KS11 falling 1.5 percent
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[ad_1] CANTON, Miss. (Reuters) – For nearly a decade, the United Auto Workers union has tried to organize workers at Nissan Motor Co Ltd’s assembly plant here, challenging the company’s wages, safety record and commitment to treating African-American workers fairly. Starting Thursday, the roughly 4,000 workers at one of Mississippi’s largest industrial employers will cast
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[ad_1] LONDON (Reuters) – Oil retreated from this week’s eight-week highs above $52 a barrel on Wednesday, following a bearish combination of rising U.S. inventories, an outage at a major European refinery and increasing OPEC production. Brent crude futures were down 11 cents at $51.67 a barrel by 0856 GMT, having touched a session low
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[ad_1] NEW YORK (Reuters) – Bitcoin’s underlying software code was split on Tuesday, generating a new clone called “Bitcoin Cash,” but the new virtual currency got off to a slow start due to lackluster support for its network. The initiative was headed by a small group of mostly China-based bitcoin miners – programmers who essentially
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[ad_1] SAN FRANCISCO, August 1 (Reuters) – The bloom is off seed funding, the business of providing money to brand-new startups, as investors take a more measured approach to financing emerging U.S. technology companies. Seed-stage financing has been sliding for the last two years, with the number of transactions down about 40 percent since the
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[ad_1] BERLIN (Reuters) – Volkswagen’s (VOWG_p.DE) planned sale of motorcycle brand Ducati and transmissions maker Renk has currently no majority backing on the carmaker’s supervisory board, with opponents to asset sales feeling invigorated by the group’s strong results. Europe’s largest automaker has tasked banks to evaluate options for Ducati and Renk including divesting the two
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[ad_1] MILAN (Reuters) – Italy’s Benetton family is among five bidders shortlisted to buy Italian motorcycle brand Ducati, which is being sold by Germany’s Volkswagen (VOWG_p.DE), a source close to the matter said on Saturday. The finalists will be given access to the company’s books after the summer, the source said, adding that the offers
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[ad_1] (Reuters) – Wells Fargo & Co (WFC.N) said on Friday it is cutting 69 executive jobs at its retail unit, as part of a restructuring in the division. Some of the executives positions will retire with full benefits while others may find positions elsewhere within the bank, said Wells Fargo spokesman Paul Gomez. Some
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[ad_1] (Reuters) – Wall Street trimmed gains in early afternoon trading on Thursday as tech stocks, including heavyweights Apple (AAPL.O) and Google parent Alphabet (GOOGL.O), edged lower. The three major indexes hit record highs earlier in the day, powered by a barrage of strong quarterly earnings, led by Facebook and Verizon. Facebook (FB.O) jumped as
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[ad_1] (Reuters) – Taiwanese electronics manufacturer Foxconn on Wednesday announced plans to build a $10 billion LCD display panel screen plant in Wisconsin, a deal President Donald Trump asserted would not have happened without his efforts. The company said it plans to invest $10 billion over four years to build a 20-million square foot plant
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[ad_1] (Reuters) – Wall Street got a big boost from strong corporate earnings on Wednesday, with all three major indexes hitting record highs, while investors awaited the outcome of a two-day Federal Reserve meeting. Boeing (BA.N) surged 8.3 percent to an all-time high, while AT&T (T.N) gained 5 percent, after the two companies posted higher-than-expected
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[ad_1] WASHINGTON (Reuters) – U.S consumer confidence jumped to a near 16-year high in July amid optimism over the labor market while house prices maintained their upward trend in May, which could boost consumer spending after recent sluggishness. The reports on Tuesday underscored the economy’s strong fundamentals, expected to keep the Federal Reserve on course
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