Business

(Reuters) – U.S. stock indexes retreated from early highs on Wednesday as a spate of disappointing earnings reports offset strong gains in Apple and Boeing, while investors assessed the economic impact of the fast-spreading coronavirus outbreak. FILE PHOTO: Trader Michael Urkonis works on the floor of the New York Stock Exchange (NYSE) in New York,

FILE PHOTO: A Tim Hortons logo is pictured in Montreal, Quebec, Canada, October 18, 2019. REUTERS/Carlo Allegri (Reuters) – Restaurant Brands International Inc’s (QSR.TO) Tim Hortons said on Tuesday it has removed Beyond Meat Inc’s (BYND.O) products from its coffee and donut shops in the Canadian provinces of Ontario and British Columbia. This comes after

(Reuters) – U.S. stocks rose on Tuesday as gains in technology and financial shares helped major indexes recover from their worst selloff in about four months on worries over a coronavirus outbreak and its impact on global growth. FILE PHOTO: A trader works on the floor of the New York Stock Exchange shortly after the

SYDNEY (Reuters) – Asian stocks extended a global selloff on Tuesday as China took more drastic steps to combat a deadly new coronavirus, while bonds shone on expectations central banks would need to keep stimulus flowing to offset the likely economic drag. FILE PHOTO: A decoration for celebrating new year is seen next to a

General Motors Detroit-Hamtramck Assembly plant is seen in Hamtramck, Michigan, U.S. November 26, 2018. REUTERS/Rebecca Cook (Reuters) – General Motors Co will invest $2.2 billion in its Detroit-Hamtramck assembly plant to build electric trucks and sport utility vehicles, the No.1 U.S. automaker said in a statement on Monday. Reuters reported last year that GM plans

TOKYO (Reuters) – Stocks tumbled on Monday as investors grew increasingly anxious about the economic impact of China’s spreading virus outbreak, with demand spiking for safe-haven assets such as the Japanese yen and Treasury notes. Investors look at computer screens showing stock information at a brokerage house in Shanghai, China January 16, 2020. REUTERS/Aly Song

PARIS (Reuters) – Renault’s (RENA.PA) engineering boss will meet his counterpart at Nissan (7201.T) in Japan this week, two sources close to Renault said, as the carmakers seek to revive projects crucial to an alliance left reeling by the Carlos Ghosn affair. FILE PHOTO: The logos of car manufacturers Renault and Nissan are seen in

SEATTLE (Reuters) – Boeing Co (BA.N) successfully completed on Saturday the maiden flight of the world’s largest twin-engined jetliner as the embattled planemaker steps up competition with European rival Airbus (AIR.PA) in a respite from a crisis over its smaller 737 MAX. A Boeing 777X airplane taxis during an attempted first test flight from the

WASHINGTON (Reuters) – Federal Aviation Administrator Steve Dickson called senior U.S. airline officials on Friday and told them the agency could approve the grounded Boeing 737 MAX’s return to service before mid-year – a faster time frame than the planemaker suggested this week, people briefed on the calls said. FILE PHOTO: Federal Aviation Administration (FAA)

FILE PHOTO: Britain’s Prime Minister Boris Johnson welcomes U.S. President Donald Trump at the NATO leaders summit in Watford, Britain December 4, 2019. REUTERS/Peter Nicholls/Pool/File Photo WASHINGTON (Reuters) – U.S. President Donald Trump on Friday discussed the security of telecommunications networks with British Prime Minister Boris Johnson, the White House said, as Britain nears a

FILE PHOTO: The logo of Facebook is seen in Davos, Switzerland Januar 20, 2020. REUTERS/Arnd Wiegmann MILAN (Reuters) – Italy’s competition watchdog said on Friday it has launched proceedings against Facebook for non-compliance with a request to correct improper commercial practices in the group’s treatment of user data. In November 2018 the watchdog ruled that

FILE PHOTO: Pump jacks operate at sunset in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford SINGAPORE (Reuters) – Oil prices were steady on Friday, but on track for a fall of up to 5% for the week on growing concern that fuel demand will weaken as the spread of a

FILE PHOTO: A screen displays the logo for HP Inc. at the New York Stock Exchange (NYSE) in New York, U.S., November 18, 2019. REUTERS/Brendan McDermid (Reuters) – Xerox Holdings Corp (XRX.N) said on Thursday it plans to nominate 11 independent candidates to HP Inc’s (HPQ.N) board, setting the stage for a proxy fight after

FILE PHOTO: Employees of Hyundai Motor Group leave after the company’s new year ceremony in Seoul, South Korea, January 2, 2020. REUTERS/Kim Hong-Ji SEOUL (Reuters) – Elliott Management sold all its shares in Hyundai Motor Group companies last year, a South Korean newspaper reported on Wednesday, after the U.S. activist hedge fund’s campaign demanding 7

FILE PHOTO: Two Air Canada Boeing 737 MAX 8 aircrafts are seen on the ground as Air Canada Embraer aircraft flies in the background at Toronto Pearson International Airport in Toronto, Ontario, Canada, March 13, 2019. REUTERS/Chris Helgren (Reuters) – Air Canada (AC.TO) said on Wednesday it has removed Boeing’s (BA.N) 737 MAX from its

SAN FRANCISCO (Reuters) – Online platforms including Facebook and Alphabet Inc’s Google face growing pressure to stop carrying political ads that contain false or misleading claims ahead of the U.S. presidential election. FILE PHOTO: Facebook, Google and Twitter logos are seen in this combination photo from Reuters files. REUTERS/File Photos/File Photo In the United States,