US Business

S&P 500 flirts with record high on upbeat earnings

18h01 The S&P 500 was within striking distance of its all-time high on Tuesday as better-than-expected results from Twitter and a host of industrial companies eased concerns about slowing corporate profits.. . .  Full story

Homebuilder Pulte pins hope on lower mortgage rates, home prices

17h46 PulteGroup Inc said on Tuesday it expects homebuyers to return to the market after slowing demand in the second half of 2018, spurred by lower prices across its portfolio and easing mortgage rates.. . .  Full story

Agnico bets on high grade gold as it digs in Canada's remote north

17h16 Agnico Eagle Mines is doubling down this year on Nunavut, Canada’s least developed territory, betting that the high-grade gold ores and slim competition there will offset the risks of digging in the remote location in. . .  Full story

Yields fall ahead of $40 bln two-year note auction

16h54 Treasury yields were lower on Tuesday morning, with big moves in the two-, five- and seven-year note yields ahead of the auctions of all three maturities this week.. . .  Full story

India says it has 'robust plan' to guarantee oil supply after end to Iran waivers

16h53 India said on Tuesday its refineries will have adequate oil supplies, thanks in part to imports from other producers, despite the United States' demand that buyers of Iranian oil stop purchases by May 1. . .  Full story

Lower mortgage rates, prices lift U.S. new home sales to 1-1/2-year high

16h39 Sales of new U.S. single-family homes rose to a near 1-1/2-year high in March, boosted by lower mortgage rates and house prices.. . .  Full story

Top shareholder won't back Bayer management in AGM vote - sources

16h34 Bayer's largest shareholder, fund manager BlackRock, will not support the German company's management in a key vote at its annual general meeting (AGM) on Friday, two people familiar with the situation told Reuters.. . .  Full story

Bumblebee movie boost transforms Hasbro first quarter; shares surge

16h27 Hasbro Inc reported a surprise quarterly profit on Tuesday as the box-office success of Transformers movie spin-off "Bumblebee" charged sales of its action toys, putting the company's shares on track for their best day in. . .  Full story

Analysts at Lyft underwriters say buy falling stock

16h10 Wall Street's public opinion of Lyft Inc took a major turn for the positive on Tuesday, after analysts at many of the banks that worked on its initial public offering urged clients to buy. . .  Full story

Harley-Davidson profit tops estimates as Trump weighs in

15h11 Harley-Davidson Inc surged past expectations for first-quarter profit on Tuesday and drew a change of tack from U.S. President Donald Trump, who vowed to protect the motorcycle maker from European tariffs, driving its shares up. . .  Full story

Gulf OPEC members ready to raise output if there is demand -sources

15h05 Gulf OPEC producers can step in to meet any oil supply shortage following a U.S. decision to end waivers on buyers of Iranian crude, but will first wait to see whether there is actual. . .  Full story

Oil traders to Saudi Arabia: "show us the barrels" - Kemp

14h00 "The United States, Saudi Arabia and the United Arab Emirates ... are committed to ensuring that global oil markets remain adequately supplied," the White House said in a press statement issued on Monday.. . .  Full story

COLUMN-In Iran oil sanctions poker game, Trump shows his hand, relies on other players: Russell

14h00 U.S. President Donald Trump has shown his cards on sanctions against Iran's crude oil exports, but whether he has played a winning hand depends on what the other players are holding.. . .  Full story

Trump warms to Harley Davidson, says EU tariffs 'unfair'

13h59 U.S. President Donald Trump on Tuesday appeared to reverse course on Harley Davidson Inc , saying European tariffs facing the motorcycle manufacturer were "unfair" and vowing to reciprocate, after urging a boycott of the company. . .  Full story

Wheat bounces from six-week low on bargain buying

13h37 Chicago wheat futures rose on bargain hunting on Tuesday, bouncing from a six-week low that was hit as a result of a positive picture for U.S. crops.. . .  Full story

German prosecutors probe bonus payments to suspended VW manager

13h33 German prosecutors are investigating a possible breach of fiduciary duty by Volkswagen over bonus payments made to an executive who was suspended over the carmaker's emissions cheating scandal.. . .  Full story

How China is replacing America as Asia's military titan

13h07 In 1938, in the midst of a long campaign to bring China under Communist Party rule, revolutionary leader Mao Zedong wrote: "Whoever has an army has power.". . .  Full story

S.Korea to send delegation to U.S. for talks on Iran sanction waivers

12h30 A South Korean delegation will head to Washington as early as this week for talks with U.S. officials after the United States announced plans to end all Iran sanction waivers, two South Korean government. . .  Full story

Kraft Heinz's new CEO looks beyond cost-cutting, big M&A

12h00 Kraft Heinz Co's incoming chief executive, Miguel Patricio, is indicating a change in strategy for the packaged food company that could move it away from the aggressive cost-focused culture that has been in place since. . .  Full story

Ahold says Stop & Shop Easter strike will hurt 2019 margins

11h22 Dutch supermarket group Ahold warned on Tuesday that a strike its Stop & Shop chain in the United States would hurt its underlying 2019 profit margin, as it missed out on around $200 million. . .  Full story

China's Sinopec resumes U.S. oil imports after 6-month halt- sources

08h55 Asia's largest refiner Sinopec is set to receive its first U.S. crude oil cargo this week since halting imports from the country in September, two sources with knowledge of the matter said on Tuesday.. . .  Full story

Starbucks' China challenger Luckin to raise up to $800 mln in U.S. IPO-sources

06h54 Luckin Coffee Inc, the Chinese challenger to Starbucks Corp, filed on Monday for a U.S. initial public offering (IPO) through which, sources said, it is looking to raise up to $800 million.. . .  Full story

Japan expects little impact from U.S. scrapping Iran oil waivers

05h53 Japan expects a limited impact from the U.S. decision not to renew waivers previously granted on Iran oil import sanctions, the country's trade and industry minister said on Tuesday.. . .  Full story

ExxonMobil agrees 20-year LNG deal with China's Zhejiang Energy

04h48 Exxon Mobil Corp said it has signed a 20-year agreement to supply liquefied natural gas (LNG) to China's Zhejiang Energy, as the U.S. oil and gas giant steps up marketing of the fuel in. . .  Full story

China's Didi recruits Colombian drivers ahead of Bogota launch

00h50 Chinese ride-hailing giant Didi Chuxing said on Monday it is beginning to recruit drivers ahead of its launch in Colombia's capital Bogota in the coming months.. . .  Full story

Paperwork problem delays Canadian pork shipments to China

22/04 Some Canadian pork shipments to China have been delayed by exporters using outdated forms to certify that the cargoes meet Chinese requirements, the Canadian Food Inspection Agency (CFIA) said on Monday.. . .  Full story

Wheat down on strong production prospects; corn, soy also weak

22/04 Chicago wheat futures fell more than 1% to a one-month low on Monday, pressured by generally favorable U.S. crop conditions and expectations of abundant global supplies, traders said. Corn fell in. . .  Full story

Whirlpool profit beats on price hikes, shares jump

22/04 Appliances maker Whirlpool Corp beat analysts' estimates for quarterly profit on Monday, fueled by price increases to counter higher raw material and freight costs.. . .  Full story

U.S. to end all waivers on imports of Iranian oil, crude price jumps

22/04 The United States on Monday demanded that buyers of Iranian oil stop purchases by May 1 or face sanctions, a move to choke off Tehran's oil revenues which sent crude prices to six-month highs. . .  Full story

Wall St near flat in quiet session ahead of earnings wave

22/04 U.S. stocks ended a low-volume trading session little changed on Monday, with the biggest gains in the energy sector as investors otherwise stayed on the sidelines ahead of quarterly earnings.. . .  Full story

USTR names new general counsel to replace departing Vaughn

22/04 U.S. Trade Representative Robert Lighthizer said on Monday that his agency's general counsel, Stephen Vaughn, will depart the Trump administration in coming weeks and be replaced by veteran Washington lawyer Joseph Barloon.. . .  Full story

Starbucks' China challenger Luckin Coffee files for U.S. listing

22/04 Luckin Coffee Inc, the Chinese challenger to Starbucks Corp, on Monday filed for an initial public offering with the U.S. Securities and Exchange Commission, after being valued at nearly $3 billion in its latest round. . .  Full story

Cotton inches up on heavy rains, softer dollar

22/04 ICE cotton futures settled higher on Monday as the dollar weakened and tumultuous weather in the U.S. Southeast restricted progress in plantation of the natural fiber crop. * The most-active cotton. . .  Full story

Oil hits 2019 high on U.S. plan to tighten squeeze on Iran

22/04 Oil prices jumped more than 2 percent on Monday to a near six-month high, on growing concern about tight global supplies after the United States announced a further clampdown on Iranian oil exports.. . .  Full story

Steeper yield curve kicks off $237 bln auction week

22/04 The Treasury yield curve steepened on Monday, with the kick-off of a busy auction week that will see $237 billion of new debt sold.. . .  Full story

Brazil's Petrobras revisits whistleblowers in wake of trading scandal

22/04 Brazil's Petroleo Brasileiro SA is re-examining its treatment of whistleblower complaints after the indictment of six of the state-run oil firm's traders in December indicated that efforts to root out corruption had faltered, according to. . .  Full story

Kraft Heinz hires global brand expert Patricio as CEO

22/04 Kraft Heinz Co named Miguel Patricio as its next chief executive on Monday, hoping the 30-year marketing veteran will revitalize brands such as Planters nuts and Oscar Mayer bacon at one of the world's largest. . .  Full story

Herman Cain withdraws from consideration for Fed seat, Trump says

22/04 U.S. President Donald Trump said on Monday that businessman and former presidential candidate Herman Cain withdrew from consideration for a seat on the Federal Reserve Board.. . .  Full story

Global oil market picture more favorable now for zero Iranian exports -U.S. officials

22/04 Conditions in the global oil market have turned more favorable since last November, enabling the United States to eliminate all the waivers it had granted to eight economies to buy Iranian oil and demand. . .  Full story

U.S. home sales tumble as supply constraints linger

22/04 U.S. home sales fell more than expected in March as rising demand stoked by declining mortgage rates and slowing house price inflation continued to be frustrated by a lack of properties, especially in the lower-priced. . .  Full story

Model S fire video adds to Tesla woes pre-results

22/04 Video of a parked Tesla Inc Model S exploding and a Wall Street downgrade of the electric carmaker's stock pushed shares down 4 percent on Monday, as it prepared to issue results for a. . .  Full story

Any move by Iran to close Strait of Hormuz unacceptable-senior US official

22/04 Any move by Iran to close the strategic Strait of Hormuz in response to the United States ending oil waivers for purchases of Iranian oil would be unjustified and unacceptable, a senior administration official said. . .  Full story

TSX flat as gains in energy shares offset losses in other sectors

22/04 Canada's main stock index was flat on Monday, after closing at a record high in the previous session, as gains in energy shares were offset by declines across other sectors.. . .  Full story

U.S. existing home sales fall more than expected in March

22/04 U.S. home sales fell more than expected in March, pointing to continued weakness in the housing market despite declining mortgage rates and slowing house price gains.. . .  Full story

Secretary of state says no grace period after May 1 end to Iran oil waivers

22/04 Secretary of State Mike Pompeo said on Monday the United States is not extending any waivers exempting importers of Iranian oil from U.S. sanctions and there will be no grace period for those economies. . .  Full story

White House adviser sees oil markets weathering expected end to Iran oil waivers

22/04 White House economic adviser Kevin Hassett said on Monday that he believed global oil markets would be able to handle an expected U.S. decision to force buyers of Iranian oil to either end imports. . .  Full story

Weak tech demand shrinks Taiwan export orders, rebound tipped in Q3

22/04 Taiwan's export orders fell for the fifth straight month in March, and at a much sharper pace than expected, as the island's manufacturers kept struggling with a drop in global tech demand.. . .  Full story

U.S. prepares end to Iran sanctions waivers, triggering oil price spike

22/04 The United States is expected to announce on Monday that all buyers of Iranian oil will have to end their imports shortly or face sanctions, a source familiar with the situation told Reuters, triggering. . .  Full story

To survive trade battles, China manufacturers deploy every weapon they can

22/04 Manufacturers in China facing trade barriers are deploying an array of moves to try to keep foreign customers - giving discounts, tapping tax breaks, trimming workforces and, occasionally, shifting production overseas to skirt tariffs.. . .  Full story

Thai March exports fall 4.88 pct y/y

22/04 Thailand's customs-cleared exports fell 4.88 percent in March, after unexpectedly increasing in February, due to falling shipments of electronics amid the Sino-U.S. trade war, the commerce ministry said on Monday.. . .  Full story

ANALYSIS-Strong stock and bond markets at odds over global growth

22/04 It looks like something has to give in global markets.. . .  Full story

Thai CPF to acquire Canadian pork producer HyLife for $372 million

22/04 Charoen Pokphand Foods Pcl (CPF), Thailand's largest agriculture conglomerate, said on Monday it would acquire Canadian pork producer HyLife Investments for C$498 million ($372.7 million) to expand its North American business.. . .  Full story

Landslide election victory thrusts Ukrainian comedian into limelight

21/04 In a popular Ukrainian TV series, comedian Volodymyr Zelenskiy played a president who is scrupulously honest and outwits crooked lawmakers and shadowy businessmen who try to stand in his way.. . .  Full story

U.S. carves out exceptions for foreigners dealing with IRGC

21/04 The United States has largely carved out exceptions so that foreign governments, firms and NGOs do not automatically face U.S. sanctions for dealing with Iran's Revolutionary Guards after the group's designation by Washington as. . .  Full story

Strong stock and bond markets at odds over global growth

21/04 It looks like something has to give in global markets.. . .  Full story

Financial market 'pause party' makes Fed rate cut less likely

21/04 Risk-taking has been the rage since the Federal Reserve quit hiking interest rates at the end of last year. U.S. stocks are back near record highs and investors are stockpiling the lowest-grade corporate bonds with. . .  Full story

In nod to debt concerns, China Belt and Road summit to urge sustainable financing

21/04 World leaders meeting in Beijing this week for a summit on China's Belt and Road initiative will agree to project financing that respects global debt goals and promotes green growth, according to a draft communique. . .  Full story

-Union Pacific operational overhaul gains traction, shares rise

20/04 U.S. railroad operator Union Pacific Corp on Thursday reported a better-than-expected quarterly profit as price increases and cost controls offset the impact of severe winter weather and record flooding that damaged rails in the Midwest.. . .  Full story

Tesla to shrink board to seven directors from 11

20/04 Tesla Inc said on Friday that four members of its eleven-member board would be leaving over the next two years, as the electric car company looks to streamline its board.. . .  Full story

Qatar's sovereign fund, Crown Acquisitions named as investors in $5.6 bln New York deal

19/04 Qatar Investment Authority (QIA) and private realty firm Crown Acquisitions said on Friday they were the unnamed investors in a deal with Vornado Realty Trust valued at $5.56 billion that involves a portfolio of prime. . .  Full story

U.S. producers harmed by wooden cabinet imports from China - trade panel

19/04 The U.S. International Trade Commission said on Friday it had determined that imports of wooden cabinets from China are harming American producers, keeping alive a trade investigation that could lead to tariffs on the products.. . .  Full story

U.S. homebuilding near two-year low; permits extend decline

19/04 U.S. homebuilding dropped to a near two-year low in March, pulled down by persistent weakness in the single-family unit segment, suggesting the housing market continued to struggle despite falling mortgage rates.. . .  Full story

Nissan slams output cut report as 'completely incorrect'

19/04 Nissan Motor Co Ltd said on Friday a report by the Nikkei that it would slash production this year was "completely incorrect" and that it had lodged a complaint with the business daily, in. . .  Full story

Mir card payment system looks beyond Russia

19/04 After Western sanctions gutted Russia's financial system five years ago, a new bank card began appearing in the wallets of many Russians.. . .  Full story

Total's output close to 2.95 million barrels of oil equivalent/day

19/04 French oil giant Total is producing close to 2.95 million barrels of oil equivalent per day, its chief executive Patrick Pouyanne said on Friday, slightly higher than its daily output last year.. . .  Full story

In the city of Gouda, Dutch cheesemakers worry about U.S. tariffs

19/04 Surrounded by 15-kg (33 lb) wheels of cheese ready to be carted away in horse-drawn carriages, a dairy farmer in the Dutch city of Gouda faces off against a cheese trader wearing traditional wooden. . .  Full story

Oil market likely to be well balanced in 2019, says Saudi energy adviser

19/04 Ibrahim al-Muhanna, an adviser to the Saudi energy minister, said on Friday he expected the oil market to be "well balanced" this year.. . .  Full story

China says Silk Road not geopolitical tool, understands concerns

19/04 China's Belt and Road project is not a "geopolitical tool" or a debt crisis for participating nations, but Beijing welcomes constructive suggestions on how to address concerns over the initiative, the government's top diplomat said. . .  Full story

Uber's self-driving unit valued at $7.25 bln in new investment

19/04 Uber's autonomous vehicle unit has raised $1 billion from a consortium of investors including SoftBank Group Corp, giving the company a much-needed funding boost for its pricey self-driving ambitions on the eve of its public. . .  Full story

COLUMN-U.S. economy hits soft patch, putting Fed on alert: Kemp

19/04 The U.S. economy hit a soft patch during the first three months of the year with manufacturing output up only slightly compared with the same period a year earlier and freight movements mostly down.. . .  Full story

U.S. wins WTO ruling against China grain import quotas

19/04 The United States won a World Trade Organization (WTO) ruling on Thursday against China's use of tariff-rate quotas for rice, wheat and corn, which it successfully argued limited market access for U.S. grain exports.. . .  Full story

China says regrets WTO panel ruling on grain import quotas

19/04 China's Commerce Ministry said on Friday that it regrets a ruling by a World Trade Organization panel that its administration of tariff-rate quotas for rice, wheat and corn violated its accession commitments.. . .  Full story

Shares in Brazilian card processors fall sharply after rival cuts interest rate for merchants

19/04 Shares of Brazilian card payment processors Cielo SA, PagSeguro Digital Ltd and StoneCo Ltd fell sharply on Thursday after rival Itaú Unibanco Holding SA's card-processing unit cut interest rates for small- and medium-sized merchants.. . .  Full story

L Brands says hedge fund to withdraw board nominees after reaching agreement

19/04 L Brands said on Thursday activist investor Barington Capital has agreed to withdraw its proposed board nominees and instead will serve as a special adviser as part of an agreement with the company.. . .  Full story

New N.American trade deal modestly boosts U.S. economy, trade panel finds

19/04 The new North American free trade pact would modestly boost the U.S. economy, especially auto parts production, but may curb vehicle assembly and limit consumer choice in cars, a hotly anticipated analysis from the U.S.. . .  Full story

Tesla's Elon Musk, SEC get another week to work out deal on Twitter use

19/04 Tesla Inc Chief Executive Elon Musk and the U.S. Securities and Exchange Commission will get another week to settle a dispute over Musk's use of Twitter, a federal judge ruled Thursday.. . .  Full story

Tesla's Elon Musk, SEC ask court for another week to work out deal on Twitter use

18/04 Tesla Inc Chief Executive Elon Musk and the U.S. Securities and Exchange Commission are seeking more time from a federal court to settle a dispute over Musk's use of Twitter, according to a court filing. . .  Full story

Soybeans turn higher after dropping to five-month low

18/04 U.S. soybean futures turned higher on Thursday after dropping to a five-month low on concerns about weak export demand and large harvests in South America.. . .  Full story

New N. American trade deal modestly boosts U.S. economy, trade panel finds

18/04 The new North American free trade pact would modestly boost the U.S. economy, especially auto parts production, but may curb vehicle assembly and limit consumer choice in cars, a hotly anticipated analysis from the U.S.. . .  Full story

Pinterest, Zoom shares surge in market debuts after IPOs

18/04 Shares of Pinterest Inc surged almost 30 percent in their stock market debut on Thursday, valuing the online scrapbook company at around $16 billion and signaling investor appetite for new tech listings.. . .  Full story

Wall St closes slightly higher, industrials lead

18/04 Industrials led the S&P 500 and the Dow moderately higher on Thursday after robust U.S. economic data and some healthy corporate earnings reports.. . .  Full story

Canada extends deadline for Trans Mountain pipeline decision to June 18

18/04 Canada has extended the deadline for a decision on whether to push forward with the expansion of the Trans Mountain oil pipeline to June 18 from mid-May, the government said on Thursday.. . .  Full story

Union Pacific operational overhaul gains traction, shares rise

18/04 U.S. railroad operator Union Pacific Corp on Thursday reported a better-than-expected quarterly profit as price increases and cost controls offset the impact of severe winter weather and record flooding that damaged rails in the Midwest.. . .  Full story

Risk of U.S. 'profit recession' eases as results beat forecasts

18/04 The initial earnings results of this reporting period are beating expectations by a wide margin, suggesting to some investors that the S&P 500 may be able to avoid a so-called "profit recession" this year. . .  Full story

Wall St Week Ahead-Earnings deluge could make or break sentiment

18/04 Next week will go a long way in determining whether investors should be concerned about the dawning of an earnings recession or whether back-to-back quarters of negative growth can be avoided in what is. . .  Full story

U.S. oil drillers cut rigs for first week in three -Baker Hughes

18/04 U.S. energy firms this week reduced the number of oil rigs operating for the first time in three weeks as production growth forecasts from shale, the country's largest oil fields, continue to shrink.. . .  Full story

Cotton slips as dollar gains; posts worst week in 2-months

18/04 ICE cotton futures fell on Thursday as the dollar strengthened, while a fall in the weekly export sales report from the United States Department of Agriculture's (USDA) added to the downbeat sentiment.. . .  Full story

Yields slide after weak global manufacturing data

18/04 U.S. Treasury yields fell on Thursday, undermined by weak manufacturing surveys around the world that boosted concerns about a global slowdown. Volume thinned in the afternoon ahead of a long. . .  Full story

U.S. trade agency sees 76,000 new auto jobs from N. American trade deal

18/04 The Trump administration on Thursday estimated that its new North American trade deal will create 76,000 automotive sector jobs within five years as automakers invest some $34 billion in new plants to comply with the. . .  Full story

Fed's Kaplan says he is getting more confident about economy -WSJ

18/04 A top Federal Reserve policymaker on Thursday said he is "getting more confident" in U.S. economic growth this year but still thinks current interest rates are appropriate.. . .  Full story

Weak Asia weighs on Accor Q1 hotel room revenue growth

18/04 Accor, Europe's biggest hotel group, said on Thursday weakness in Asia and in North America held back growth in Revenue Per Available Room (RevPAR), a key gauge of performance for the hotel industry, to 1.6. . .  Full story

U.S. retail sales, labor market data paint upbeat economic picture

18/04 U.S. retail sales increased by the most in 1-1/2 years in March as households boosted purchases of motor vehicles and a range of other goods, the latest indication that economic growth picked up in. . .  Full story

U.S. lawmakers to get long-awaited analysis of new NAFTA deal

18/04 U.S. lawmakers and economists are awaiting a key analysis of the economic impacts of the new North American trade deal, expected to be published late on Thursday and to show minimal gains at best. . .  Full story

U.S. Senate leader calls for raising minimum age to buy tobacco products to 21

18/04 U.S. Senate Majority leader Mitch McConnell said on Thursday he plans to introduce legislation to raise the minimum age for buying tobacco products, including vaping devices, to 21 from 18 to curb their "epidemic". . .  Full story

Canopy Growth to buy Acreage in $3.4 bln deal

18/04 Canopy Growth Corp said on Thursday it had secured a right to buy Acreage Holdings Inc for $3.4 billion once the United States legalizes the production and sale of cannabis.. . .  Full story

McDonald's pulls Signature Crafted burgers, doubles down on Quarter Pounders

18/04 McDonald's Corp said it would remove costlier, premium burgers from its menus in favor of its more popular Quarter Pounders, shifting its focus to simpler and quickly-served burgers.. . .  Full story

BlackRock's plan for Italy's Carige sees higher cash call - sources

18/04 Troubled Italian bank Carige could need a larger-than-expected cash injection of at least 700 million euros ($791 mln) under a rescue plan put forward by U.S. asset manager BlackRock, two sources familiar with the matter. . .  Full story

T. Rowe Price sheds most of its Tesla stake

18/04 T. Rowe Price, once the second-largest investor in Tesla Inc after Chief Executive Officer Elon Musk, has shed most of its stake in the electric carmaker in a series of transactions over the last. . .  Full story

ARA gasoline stocks drop 10 pct - Insights Global

18/04 * Gasoline stocks in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub dropped 10 percent in the week to Thursday to their lowest level since December 2018, data from Dutch consultancy Insights Global,. . .  Full story

TSX edges higher as energy stocks track oil gains

18/04 Canada's main stock index edged higher on Thursday, supported by energy stocks, although global growth concerns and a drop in shares of Rogers Communications kept a lid on further gains.. . .  Full story

Jet Airways shares plunge, rivals race to grab grounded carrier's slots

18/04 Jet Airways Ltd shares plunged on Thursday, battered by fears about whether the grounded Indian airline would fly again, even as carriers like rival SpiceJet rushed in to plug a supply gap in the wake. . .  Full story

Check Point Software sees Q2 profit in line with estimates

18/04 Network security provider Check Point Software Technologies reported first quarter net profit that topped expectations by a cent and forecast second quarter profit in line with estimates.. . .  Full story

Daimler to seek 6 bln euros in cost savings at Mercedes - Manager Magazin

18/04 Daimler is looking to make 6 billion euros ($6.75 billion) in cost savings and efficiency gains by 2021 at Mercedes-Benz passenger cars and a further 2 billion euros at its Daimler Trucks division, Manager Magazin. . .  Full story

U.S. economy hits soft patch, putting Fed on alert: Kemp

18/04 The U.S. economy hit a soft patch during the first three months of the year with manufacturing output up only slightly compared with the same period a year earlier and freight movements mostly down.. . .  Full story