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Reuters: Business News

Services sector activity growth slows in June: Markit

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A waitress carries plates at a seafood restaurant in Alabama November 10, 2009. Reuters/Carlos Barria U.S. services sector expansion eased for a third straight month in June, pressured by a slowdown in employment and output growth, an industry report showed on Monday. Financial firm Markit said its final reading of its Purchasing Managers Index for the services sector slipped to ...

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Greek finance minister quits to smooth talks after thunderous 'No'

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Greece’s combative finance minister resigned on Monday, removing one major obstacle to any deal to keep Athens in the euro zone after Greeks voted resoundingly to back the government in rejecting the austerity terms of a bailout. Leftist Prime Minister Alexis Tsipras promised German Chancellor Angela Merkel that Greece would bring a proposal for a cash-for-reforms deal to an emergency ...

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Wall St. off session lows as Greece aid deal optimism grows

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Traders work on the floor of the New York Stock Exchange in New York, United States, July 2, 2015. Reuters/Brendan McDermid <span class="articleLocation”>U.S. stocks were lower in early afternoon trading, but were well off their lows earlier on Monday as investors remained optimistic that a deal could be reached to prevent Greece’s exit from the euro zone. Greeks rejected the ...

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Aetna CEO addresses antitrust concerns over Humana deal

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<span class="articleLocation”>Aetna Inc’s (AET.N) chief executive said Monday he was confident an antitrust review of the health insurer’s proposed purchase of smaller rival Humana Inc (HUM.N) would allow the deal to close in the second half of 2016, seeking to allay investor concerns. Mark Bertolini said Aetna had already prepared for possible divestitures to address overlaps with Humana’s business in ...

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Oil tumbles 6 percent after Greek 'No' vote, ahead of Iran deadline

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A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. Reuters/Lucy Nicholson/Files Oil prices tumbled their most in three months on Monday, with U.S. crude falling 6 percent, after Greece’s rejection of debt bailout terms and China’s rolling out of emergency measures to support its stock markets shook global markets. Adding to the pressure on oil, Iran ...

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Teva plans to raise Mylan bid by as much as $2 billion: Bloomberg

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Teva Pharmaceutical Industries’ Jerusalem oral solid dosage plant (OSD) is seen December 21, 2011. Reuters/Ronen Zvulun <span class="articleLocation”>Teva Pharmaceutical Industries Ltd (TEVA.TA) is preparing to raise its bid for rival drugmaker Mylan NV (MYL.O) by as much as $2 billion, to $43 billion, Bloomberg reported on Monday, citing people familiar with the matter. The improved proposal could be announced as ...

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Airbus leads Boeing on first-half orders, behind on deliveries

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Airbus’s company logo is pictured at the Airbus headquarters in Toulouse, December 4, 2014. Reuters/ Regis Duvignau (This version of the story was refiled to correct mis-spelling of Syphax in advisory line, also adds Boeing data, Syphax cancellation) European planemaker Airbus (AIR.PA) beat its U.S. rival Boeing (BA.N) on orders in the first half of this year, after a tight ...

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More strikes loom at Lufthansa after talks with pilots fail

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A Lufthansa Airbus A380-800, with Tail Number D-AIMJ, lands at San Francisco International Airport, San Francisco, California, April 16, 2015. Reuters/Louis Nastro Talks between Lufthansa (LHAG.DE) and pilots’ union Vereinigung Cockpit (VC) about taking a pay dispute to mediation have failed, raising the prospect of strikes at the height of the summer travel season, the union said on Monday. Lufthansa ...

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China stocks rise as Beijing's emergency moves brings some relief

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Chinese stocks rose on Monday, as an unprecedented series of support measures unleashed by Beijing brought some relief to a market whose headlong slide over the past three weeks had raised fears about the stability of the world’s second-biggest economy. In an extraordinary weekend of policy moves, brokerages and fund managers vowed to buy massive amounts of stocks, helped by ...

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American Apparel to cut costs, warns may need more funds

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The American Apparel factory headquarters is pictured in Los Angeles, California July 7, 2014. Reuters/Jonathan Alcorn <span class="articleLocation”>Struggling teen clothing retailer American Apparel Inc (APP.A) launched a restructuring plan to cut costs but warned it may not be enough to meet funding requirements in the next 12 months. The company, which is being sued by founder and former CEO Dov ...

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