Newswire

  • Newswire

    BRIEF-Toyota Motor expects to lower its wholesale steel prices- Nikkei  

    Aug 24 (Reuters) - Nikkei * Toyota Motor expects to lower its wholesale steel prices by around 5,000 yen ($45) in the October-March period- Nikkei Source text: http://s.nikkei.com/2woOIxz Further company coverage:...More
  • Newswire

    UPDATE 1-Uber reports 2nd-quarter loss of $645 mln; ride bookings grow  

    (Adds financial details) By Heather Somerville SAN FRANCISCO, Aug 23 (Reuters) - Uber Technologies Inc reported on Wednesday that its losses narrowed in the second quarter by 9 percent and ride bookings rose, but the company is still a long way from being profitable....More
  • Newswire

    Uber reports losses of $645 mln in second quarter, ride bookings grow  

    By Heather Somerville SAN FRANCISCO, Aug 23 (Reuters) - Uber Technologies Inc narrowed its losses in the second quarter by 9 percent and boosted its ride bookings, the company said on Wednesday, but is still a long way from profitable....More
  • Newswire

    Deals of the day-Mergers and acquisitions  

    (Adds Whole Foods Market, Lufthansa, China Paper Holdings, Nipco Plc, South African Bank of Athens; Updates Toshiba Corp) Aug 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday: ** Lufthansa has submitted a letter of interest in Air Berlin's Niki unit and other parts of the insolvent carrier, a source familiar with the talks said....More
  • Newswire

    UPDATE 3-Mexico, Canada dismiss Trump threats to scrap NAFTA trade pact  

    (Adds comments from USTR Lighthizer, Mexican economy minister) By Gabriel Stargardter and David Ljunggren MEXICO CITY/OTTAWA, Aug 23 (Reuters) - Mexico and Canada on Wednesday dismissed U.S. President Donald Trump's latest threat to scrap NAFTA, describing it as a negotiating tactic aimed at winning the upper hand in talks to update one of the world's biggest trading blocs....More
  • Newswire

    U.S. business borrowing for equipment rises 12.9 pct in July -ELFA  

    Aug 23 (Reuters) - U.S. companies' borrowing to spend on capital investment rose 12.9 percent in July from a year earlier, the Equipment Leasing and Finance Association (ELFA) said. Companies signed up for $7.9 billion in new loans, leases and lines of credit last month, up from $7.0 billion a year earlier. However, their borrowing fell 19.4 percent from June. "Business fundamentals appear solid, with low unemployment, continued low interest rates and an active equities market buoying the economy," ELFA President and CEO Ralph Petta said....More
  • Newswire

    UPDATE 1-True price of an Uber ride in question as investors assess firm's value  

    (Adds link to Breakingviews column) By Heather Somerville SAN FRANCISCO, Aug 23 (Reuters) - What is the true cost of an Uber ride? That simple question is often lost among the many controversies facing the ride-services company as it tries to hire a new chief executive and resolve a bitter dispute with the old one, Travis Kalanick....More
  • Newswire

    RPT-Germany draws up rules of the road for driverless cars  

    (Repeats as pictures now available to accompany story) BERLIN, Aug 23 (Reuters) - Protecting people rather than property or animals will be the priority under pioneering new German legal guidelines for the operation of driverless cars, the transport ministry said on Wednesday. Germany is home to some of the world's largest car companies, including Volkswagen, Daimler and BMW, all of which are investing heavily in self-driving technology....More
  • Newswire

    Germany draws up rules of the road for driverless cars  

    BERLIN, Aug 23 (Reuters) - Protecting people rather than property or animals will be the priority under pioneering new German legal guidelines for the operation of driverless cars, the transport ministry said on Wednesday. Germany is home to some of the world's largest car companies, including Volkswagen, Daimler and BMW, all of which are investing heavily in self-driving technology....More
  • Newswire

    BRIEF-India's Talbros Automotive Components June qtr profit falls  

    Aug 23 (Reuters) - India's Talbros Automotive Components Ltd * June quarter net profit 19 million rupees versus profit 20.6 million rupees year ago * June quarter total income 893.2 million rupees versus 917.4 million rupees year ago Source text - http://bit.ly/2vo1ckt Further company coverage:...More
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