US Business

Takeda sells Mideast, Africa drug portfolio to Switzerland's Acino

10h16 Japan's Takeda Pharmaceutical Co Ltd said on Tuesday it will sell a portfolio of over-the-counter (OTC) and prescription medicines in the Middle East and Africa to Swiss pharmaceuticals company Acino for more than $200 million.  Full story

Consumer banking powers Citigroup's profit beat

20h56 Citigroup Inc reported higher-than-expected earnings on Tuesday off the back of its global consumer business, showing consumer spending and sentiment remain high.. . .  Full story

Alitalia gets qualified thumbs up from Atlantia, state railways

20h54 Italian loss-making airline Alitalia said on Tuesday it won a commitment from toll-road operator Atlantia and state railways Ferrovie dello Stato (FS) to come to its rescue provided a number of conditions were met.. . .  Full story

Yields rise on report Britain, EU close to Brexit deal

20h39 U.S. Treasury yields rose to a three-week high on Tuesday on a report that British and European Union negotiators were close to a deal for Britain to exit the European Union, spurring an increase. . .  Full story

Philadelphia pension board drops Fisher Investments over comments-city spokesman

20h34 Philadelphia's board of pensions has terminated Fisher Investments as an investment manager because of "inappropriate statements" the firm's executive chairman Ken Fisher made at a conference last week, a city spokesman said on Tuesday.. . .  Full story

Wall Street advances as earnings season hits the road running

20h26 Wall Street jumped on Tuesday as third-quarter reporting season kicked into high gear with a spate of upbeat earnings reports that brought buyers back to the equities market.. . .  Full story

U.S. Supreme Court justices signal support for Puerto Rico oversight board

20h09 U.S. Supreme Court justices on Tuesday signaled reluctance to overturn appointments to Puerto Rico's federally created financial oversight board in a dispute that could disrupt the panel's restructuring of about $120 billion of the bankrupt. . .  Full story

GM, union close to deal to end month-long UAW strike -sources

19h59 General Motors Co and the United Auto Workers union were near a deal on Tuesday to end a 30-day strike that has cost the automaker about $2 billion after Chief Executive Mary Barra and. . .  Full story

Trump administration proposes plan to raise U.S. biofuels use -EPA

19h16 The Trump administration, in an effort to mend fences with the powerful corn lobby, proposed a deal on Tuesday to offset waivers for oil refiners exempting them from the nation's biofuel blending requirements.. . .  Full story

Mexican president confirms Pemex union boss under investigation

19h14 The veteran leader of Mexico's powerful oil workers' union faces formal accusations of wrongdoing, President Andres Manuel Lopez Obrador said on Tuesday, slowly turning up pressure on the labor boss to step aside.. . .  Full story

Hedge fund D.E. Shaw raises pressure on Emerson, calls for breakup

19h03 Hedge fund D.E. Shaw on Tuesday increased the pressure on Emerson Electric Co by publicly urging a breakup of the U.S. industrial conglomerate, a move it says could unlock more than $20 billion worth. . .  Full story

Despite political headwinds, Huawei wins 5G customers in Europe

19h02 China's Huawei may be facing closer official scrutiny in Europe amid U.S. allegations that it poses a security threat, but mobile operators in the region are still queuing up to buy its gear for. . .  Full story

Canada's CPPIB to join KKR in building Axel Springer stake

18h58 Canada Pension Plan Investment Board (CPPIB) said on Tuesday it will invest at least 500 million euros ($551.95 million) in a KKR & Co Inc-owned holding firm conducting a public. . .  Full story

U.S.-China tariffs drag global growth to lowest in a decade -IMF

17h53 The U.S.-China trade war will cut 2019 global growth to its slowest pace since the 2008-2009 financial crisis, the International Monetary Fund warned on Tuesday, but said output would rebound if their dueling tariffs were. . .  Full story

UnitedHealth sees 2020 profit above Street target; shares climb 8%

17h53 UnitedHealth Group Inc on Tuesday provided an optimistic outlook for 2020 profit, saying it expected growth to be at least 13%, which outpaces current Wall Street estimates and sent its shares up as much. . .  Full story

Big banks say U.S. consumers sturdy as businesses quiver with growth fears

17h36 Quarterly results from four of the largest U.S. banks on Tuesday showed that American consumers are helping to prop up the economy, even as recession fears have led businesses to pull back on spending. . .  Full story

BlackRock beats profit estimates as assets swell to nearly $7 trillion

17h32 BlackRock Inc, the world's largest asset manager, exceeded analysts' estimates for quarterly profit on Tuesday, as investors poured money into its fixed-income funds and cash management business amid worries about global growth.. . .  Full story

Electric bike-sharing startup Wheels raises $50 mln in latest funding round

17h17 Electric bike-sharing startup Wheels said it has raised more than $50 million in its latest funding round led by venture capital firm DBL partners, as the company looks to expand into the U.S. and. . .  Full story

Financial services firm Freedom Holding considers Moscow listing after Nasdaq debut

17h13 Freedom Holding Corp, a financial services firm focussed on East Europe and Central Asia, is considering a Moscow listing, after its shares began trading on New York's Nasdaq.. . .  Full story

Iran economy to shrink 9.5% this year amid tighter U.S. sanctions, says IMF

17h06 Iran's economy is expected to shrink by 9.5% this year, the International Monetary Fund (IMF) said, down from a previous estimate of a 6% contraction, as the country feels the impact of tighter U.S.. . .  Full story

Whirlpool to close Italian plant amid protests

17h00 U.S.-listed white goods maker Whirlpool Corp said on Tuesday it would close its plant in Naples on Nov. 1, despite a final attempt by the Italian government to keep the site open.. . .  Full story

JPMorgan beats profit estimates, says consumer remains strong

16h39 JPMorgan Chase & Co kicked off bank earnings on Tuesday by beating Wall Street estimates for quarterly profit by a wide margin, a signal that the U.S. consumer remains strong, executives at the largest. . .  Full story

Fed tooled up for "ordinary recession", eyeing new repo ops -Bullard

16h32 St. Louis Federal Reserve Bank President James Bullard said global trade and other risks remain high for a U.S. economy that may slow more sharply than expected.. . .  Full story

Upbeat third-quarter results from Aphria, Wesdome pushes TSX higher

16h17 Canada's main stock index rose on Tuesday, led by gains in the shares of cannabis company Aphria and miner Wesdome Gold following their upbeat quarterly results.. . .  Full story

TSX rises at open as Aphria, Wesdome Gold jump

15h42 Canada's main stock index rose at open on Tuesday, led by gains in shares of cannabis company Aphria and miner Wesdome Gold following upbeat quarterly results.. . .  Full story

Russia's Rosatom may buy controlling stake in Chile lithium project

15h40 Uranium One Group, a subsidiary of Russia's state nuclear company Rosatom, may buy a controlling stake in a lithium project in Chile's Atacama salt flat from Wealth Minerals Ltd, the Canada-listed company said on Tuesday.. . .  Full story

Baltic index dips for a straight third session on lower vessel demand

15h22 The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell for a third consecutive session on Tuesday, due to lower demand for larger capesize and panamax vessels.. . .  Full story

U.S. oil and gas jobs fall as drilling declines: Kemp

15h01 U.S. oil and gas employment has started to fall as the sector contracts in response to lower prices over the last year – and further job losses are likely in the next few months. . .  Full story

Occidental estimates higher Q3 production on Permian boost

14h13 Oil and gas producer Occidental Petroleum nudged its estimate for third-quarter production higher on Tuesday, helped by fewer shutdowns in Colorado's DJ basin and strong performance in its Permian Resources unit.. . .  Full story

Soybeans ease on demand concerns, losses limited by adverse U.S. weather

13h51 Chicago soybeans slid on Tuesday as the market fell from its highest in 16 months on concerns about dismal demand in top importer China, although the fall was checked by adverse U.S. weather.. . .  Full story

China wants tariffs cut to enable $50 bln imports from U.S.- Bloomberg

13h01 China will struggle to buy $50 billion of U.S. farm goods annually unless the United States removes retaliatory tariffs on American products, Bloomberg reported on Tuesday.. . .  Full story

Industrial earnings take center stage in 3rd qtr with trade, economy in focus

13h00 Profit reports from big manufacturers and other industrial firms arriving this week will provide investors with a crucial corporate gauge of the U.S. economy's health and the fallout from trade tensions between Washington and Beijing.. . .  Full story

U.S. faces a gauntlet of trade deadlines before year-end

13h00 Trade talks between the United States and China ended last week on a mostly uncertain note, but one thing was clear - the White House cancelled a scheduled tariff hike on $250 billion in. . .  Full story

Blackstone turns up heat on hotelier Unizo with tender offer

12h49 Private equity firm Blackstone Group said on Tuesday it would launch a tender offer for Unizo Holdings at 5,000 yen a share, doubling down on its $1.6 billion offer after the proposal was rebuffed. . .  Full story

Chocolate makers face ethical branding dilemma

12h48 Ivory Coast and Ghana's threat to possibly halt the cocoa industry's ethical branding schemes poses a major risk to chocolate makers operating in Western markets where consumer demand for sustainably sourced products is rising.. . .  Full story

KKR consortium cancels Australia's Latitude IPO: sources

12h21 U.S. private equity firm KKR & Co and its partners have cancelled what was expected to be the biggest Australian IPO of the year, the listing of their lender Latitude Financial, two sources told. . .  Full story

Ardian readies sale of French chemicals maker DRT -sources

12h18 Buyout group Ardian is preparing to sell French maker of chemicals used in food ingredients, fragrances and adhesives Les Derives Resiniques et Terpeniques (DRT) as it seeks to benefit from strong performance of the sector,. . .  Full story

U.S. pension funds took positions in blacklisted Chinese surveillance company

12h00 Some of the biggest public pensions funds in the United States have invested in one of the world's largest purveyors of video surveillance systems that the U.S. government claims are used in wide-scale repression. . .  Full story

How Amazon.com moved into the business of U.S. elections

12h00 Amazon.com Inc's cloud computing arm is making an aggressive push into one of the most sensitive technology sectors: U.S. elections.. . .  Full story

Citigroup plans to set up wholly-owned securities business in China-sources

11h31 Citigroup Inc plans to set up a wholly-owned securities business in China, people with knowledge of the matter said on Tuesday, taking advantage of Beijing's move to fully open up some of its financial. . .  Full story

Tesla to start Powerwall home battery installations in Japan

10h53 Tesla Inc will start installing its Powerwall home power storage batteries in Japan next spring, the U.S. electric car and battery maker said on Tuesday, marking the product's debut in Asia.. . .  Full story

OPEC, allies to maintain oil market stability beyond 2020 - Barkindo

10h23 The Organization of the Petroleum Exporting Countries and its allies are committed to maintaining oil market stability beyond 2020, with physical supplies relatively tight globally, OPEC Secretary-General Mohammad Barkindo said on Tuesday.. . .  Full story

POLL-Trade pressure seen denting China's 2019 growth to 29-year low at 6.2%, 5.9% in 2020

10h09 China's economic growth is expected to slow to a near 30-year low of 6.2% this year and cool further to 5.9% in 2020, a Reuters poll showed, underlining the stiff challenge faced by. . .  Full story

Phase-out of Airbus, Boeing jets hits FACC's operating profit

09h59 Plane parts maker FACC's operating profit fell 6% in the second quarter as it produced fewer components for the Airbus A380 and Boeing 737NG jets being phased out and start-up costs for new cabin interiors. . .  Full story

EXCLUSIVE-Deutsche Bank took years to flag suspect Danske money flows - source

09h00 Deutsche Bank did not disclose more than one million suspect money transfers with Danske Bank until February, a person with direct knowledge of the matter said, about five years after a whistleblower flagged suspicious transactions. . .  Full story

French investment firm Wendel to buy U.S. company CPI in $910 mln deal

08h18 French investment firm Wendel said on Tuesday that it had signed an agreement to acquire the U.S. company Crisis Prevention Institute (CPI) from San Francisco-based FFL Partners in a deal worth $910 million on an. . .  Full story

WeWork prefers JPMorgan's financing package over SoftBank's control- Bloomberg

08h10 Shared office space company WeWork Companies Inc is leaning toward a near $5 billion financing package led by JPMorgan Chase & Co, instead of selling a controlling stake to Japan's SoftBank Group Corp, Bloomberg reported. . .  Full story

Deadly Los Angeles wildfire began near base of electrical tower, company and fire officials say

06h35 A deadly wind-driven wildfire that raged across the northern edge of Los Angeles last week started near the base of high-voltage transmission tower owned by electric utility Southern California Edison, company and fire officials said. . .  Full story

California governor demands PG&E accountability for mismanaging power shutoffs

05h27 California Governor Gavin Newsom said on Monday that utility Pacific Gas and Electric Co should be held accountable for mismanaging last week's widespread power shutoffs and urged the company to provide credits or rebates to. . .  Full story

Mexico offers protection to six people at its embassy in Ecuador

03h07 The Mexican embassy in Ecuador's capital Quito has offered protection and shelter to six people, including legislators and their spouses, Mexico's foreign ministry said on Monday.. . .  Full story

SoftBank's Claure announces investment in Mexican startup Kavak

00h06 Japan's SoftBank will invest in Mexican used car platform Kavak, the group's chief operating officer Marcelo Claure said on Monday, adding to SoftBank's growing portfolio in Latin America.. . .  Full story

In new headache, WeWork says it found cancer-causing chemical in its phone booths

14/10 Cash-strapped WeWork, the office-sharing company that is trying to negotiate a financial lifeline, has a new problem that may prove costly. It has closed about 2,300 phone booths at some of its 223 sites. . .  Full story

Soybeans climb on U.S. weather worries; wheat firm, corn ends flat

14/10 U.S. soybean futures neared a four-month high on Monday, supported by fears that wintry weather over the weekend threatened Midwest production at a time of tightening U.S. soy supplies, analysts said.. . .  Full story

Stocks pause on unsettled trade deal; earnings eyed

14/10 Wall Street edged lower on Monday as uncertainties following recent U.S.-China trade negotiations clouded sentiment and investors turned their focus on the third-quarter earnings season, which begins in earnest on Tuesday.. . .  Full story

Oil falls more than 2% on U.S.-China trade deal doubts, stronger dollar

14/10 Oil prices lost about 2% on Monday on worries that global crude demand could stay under pressure as few details about the first phase of a U.S.-China trade deal did little to assure a. . .  Full story

WeWork opens new sites at breakneck speed despite cash-burn concerns

14/10 WeWork has opened almost as many new locations in the last 3-1/2 months as it did in the whole first half of this year, likely accelerating the speed with which the office-sharing company is. . .  Full story

France calls for "firm and united" European response to U.S. tariffs

14/10 France wants a "firm and united" European response to tariffs imposed by the United States that notably target the French wine sector, the French farm ministry said on Monday.. . .  Full story

Harley-Davidson halts electric motorcycle production

14/10 Harley-Davidson Inc said on Monday it has stopped production and deliveries of its first electric motorcycle after discovering a glitch in the final quality checks.. . .  Full story

Deutsche Bank took years to flag suspect Danske money flows - source

14/10 Deutsche Bank did not disclose more than one million suspect money transfers with Danske Bank until February, a person with direct knowledge of the matter said, about five years after a whistleblower flagged suspicious transactions. . .  Full story

CannTrust to destroy C$77 mln worth of plants, inventory to regain compliance

14/10 Cannabis producer CannTrust Holdings Inc said on Monday it would destroy about C$12 million ($9 million) worth of plants and about C$65 million worth of inventory, as the company's new management seeks to regain full. . .  Full story

Saudi visit signals Putin's growing Middle East influence

14/10 President Vladimir Putin signalled Moscow's growing Middle East clout on Monday on his first visit to Saudi Arabia in over a decade, buoyed by Russian military gains in Syria, strong ties with Riyadh's regional rivals. . .  Full story

Indian-born Nobel prize-winner comes from "family of economists"

14/10 Indian politicians and academics cheered the Nobel economics prize awarded on Monday to Indian-born American Abhijit Banerjee, whose proud mother told visitors crowding into her apartment that he came from "a family of economists".. . .  Full story

Parsley Energy to buy Jagged Peak in $1.62 bln shale expansion

14/10 U.S. shale producer Parsley Energy Inc on Monday agreed to buy smaller peer Jagged Peak Energy Inc in an all-stock deal valued at $1.62 billion, adding acreage in an oil-rich part of the top. . .  Full story

Baltic index edges lower as capesize rates slip

14/10 The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, inched lower on Monday on weaker capesize vessel rates.. . .  Full story

Mailing services firm Pitney Bowes says it suffered malware attack, shares down

14/10 Mail management company Pitney Bowes Inc said on Monday a malware attack encrypted information on some of its systems and disrupted customer access to certain services, sending its shares down 4%.. . .  Full story

Are U.S.-Chinese tariffs on almost everything the 'new normal'?

14/10 U.S. President Donald Trump called his Phase 1 trade deal with China "by far, the greatest and biggest deal ever made," even though nothing was agreed on paper, and most of the tariffs. . .  Full story

U.S. Treasury Secretary Mnuchin sees tariffs being imposed Dec. 15 if no China trade deal

14/10 U.S. Treasury Secretary Steven Mnuchin said on Monday that an additional round of tariffs on Chinese imports will likely be imposed if a trade deal with China has not been reached by then, but. . .  Full story

Trump's non-deal deal with China is mainly significant for sentiment: Russell

14/10 When is an agreement not really an agreement? When it is the latest manoeuvre in the long-running trade dispute between the United States and China.. . .  Full story

China Sept exports, imports in deeper contraction as tariffs take toll

14/10 A slide in China's exports picked up pace in September while imports contracted for a fifth straight month, pointing to further weakness in the economy and underlining the need for more stimulus as the. . .  Full story

Climate change activists target BlackRock offices in London

14/10 Climate change activists targeted Blackrock, the world's biggest asset manager, in London on Monday, gluing themselves to the front of the building and blocking the entrances.. . .  Full story

AECOM to sell management services unit for about $2.4 bln

14/10 AECOM has agreed to sell its management services unit to private equity firms Lindsay Goldberg and American Securities for about $2.4 billion, the U.S. construction and engineering company said on Monday.. . .  Full story

Hedge funds turn bearish on oil as economy slows: Kemp

14/10 By early last week, hedge funds had become the most bearish towards petroleum prices since the start of the year, as traders grew increasingly pessimistic about the global economy.. . .  Full story

GRAPHIC-What to watch in Q3 earnings from U.S. companies

14/10 U.S. companies are preparing to report third-quarter results following a rocky few months in which they grappled with a U.S.-China trade conflict undermining the business environment and an overall economy that has been showing signs. . .  Full story

China wants more talks before signing Trump's 'Phase 1' deal - Bloomberg

14/10 China wants more talks as soon as the end of October to hammer out the details of the "phase one" trade deal outlined by U.S. President Donald Trump before Chinese President Xi Jinping agrees. . .  Full story

Liberty Global backs Sunrise deal to tune of $500 million

14/10 Liberty Global has offered a 500 million Swiss franc ($501.45 million) sweetener to rescue the sale of its Swiss cable and TV business to Sunrise Communications but a key Sunrise shareholder said it remained. . .  Full story

German economy stuck in weak phase, crisis unlikely - ministry

14/10 The German economy is unlikely to slide into a prolonged recession even as it languishes in a weak growth cycle, the Economy Ministry said on Monday.. . .  Full story

HK stocks buoyed by trade war truce, though deal uncertainty, economic worries curb gains

14/10 Hong Kong stocks rose on Monday on signs of progress in Sino-U.S. trade talks, but the gains were capped by doubts over the durability of a partial preliminary deal, and lingering worries about China's. . .  Full story

Turkey dollar bonds under pressure amid "powerful" sanctions threat

14/10 Turkey's government dollar bonds fell on Monday in the wake of warnings from U.S. President Donald Trump that he was working on "powerful" sanctions against Turkey over its offensive into northeastern Syria.. . .  Full story

Trump's hailing of $50bln in Chinese farm purchases seen as 'meaningless'

14/10 China is still a long way from forking out $50 billion for farm goods from the United States, agriculture industry analysts said on Monday, cautioning that getting there is contingent on removing substantial technical and. . .  Full story

China stocks rise over 1% on trade war truce, but concerns over deal durability

14/10 China's key benchmarks rose more than 1% on Monday, led by tech and financial shares as investors cheered signs of progress in the Sino-U.S. trade talks, although doubts over a durable deal between the. . .  Full story

Volkswagen CEO says electric car shift won't hurt margins-paper

14/10 Volkswagen does not expect the shift in production towards electric cars aimed at averting billions of euros in European pollution fines to hurt its profit margins, Chief Executive Herbert Diess said in a newspaper report. . .  Full story

S.Korea's Netmarble branches out with proposed Woongjin Coway deal

14/10 South Korea's Netmarble was named the preferred bidder on Monday for a stake in water purifier rental firm Woongjin Coway valued at $1.3 billion, as the gaming company seeks to diversify its revenue streams.. . .  Full story

KKR, Deutsche Bank, Varde discount Australia's Latitude IPO - sources

14/10 U.S. private equity firm KKR & Co and its partners have lowered the IPO price of their Australian non-bank lender, Latitude Financial, by up to 20.9% ahead of its expected listing on Friday, two. . .  Full story

China's 9-mth exports to U.S. down 10.7% in dollar terms

14/10 China's exports to the United States fell 10.7% from a year earlier in dollar terms in January-September, while U.S. imports dropped 26.4% during that period, a Chinese customs spokesman said on Monday.. . .  Full story

Trade war rejuvenates 'Silicon Valley' firms in Malaysia

14/10 Years after resisting pressure to move to China, Lee Hung Lung says his bet has paid off. Sales at his Malaysia-based Hotayi Electronic are surging, it's hiring more workers, considering an expansion, and picking and. . .  Full story

China Sept yuan-denominated exports down 0.7% y/y

14/10 China's yuan-denominated exports in September fell 0.7% from a year earlier, customs data showed on Monday, while imports dropped 6.2%.. . .  Full story

ConocoPhillips quits northern Australia in $1.4 bln sale to Santos

14/10 ConocoPhillips has agreed to sell its northern Australian business to partner Santos Ltd for $1.39 billion, in a deal that will hike the Australian group's output by 25% and boost its position in the global. . .  Full story

Mexico president urges USMCA ratification, vowing to implement labor reform

13/10 Mexico's president said on Sunday he would send a letter to U.S. congressional Democrats vowing to implement a recent labor law, in a bid to assuage their concerns over worker rights and speed up. . .  Full story

What to watch in Q3 earnings from U.S. companies

13/10 U.S. companies are preparing to report third-quarter results following a rocky few months in which they grappled with a U.S.-China trade conflict undermining the business environment and an overall economy that has been showing signs. . .  Full story

In planning for next U.S. recession, economists say, don't fret about debt

13/10 Economists are divided about when the next U.S. recession will arrive, but they largely agree on this: the country will need to fight it with a massive fiscal program, and be ready to swallow. . .  Full story

Russia's Putin says global oil inventories need cutting to 'reasonable level' - Arabiya

13/10 Russian President Vladimir Putin said in remarks aired on Sunday that global oil inventories need cutting to "reasonable levels" and that Russia would work with Saudi Arabia and other partners to "reduce to zero". . .  Full story

S.Korean PM set for highest-level visit to Japan next week since export curbs

13/10 South Korea's prime minister plans to visit Japan next week in what would be the highest-level trip since Japan imposed export curbs in a deepening trade and diplomatic row, officials said on Sunday.. . .  Full story

China's Xinhua focuses more on progress, less on a pending U.S. trade deal

12/10 U.S. officials on Friday promised a "Phase 1" deal with China on a host of conflicts from intellectual property to currency was imminent, but China's official state-owned news organization Xinhua struck a more cautious tone.. . .  Full story

U.S. outlines 'Phase 1' trade deal with China, suspends October tariff hike

12/10 U.S. President Donald Trump on Friday outlined the first phase of a deal to end a trade war with China and suspended a threatened tariff hike, but officials on both sides said much more. . .  Full story

STATEMENT

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Fed launches Treasury bill buys in bid for 'ample' reserves

12/10 The Federal Reserve said on Friday that it will start buying about $60 billion per month in Treasury bills to ensure "ample reserves" in the banking system, but emphasized the new program does not. . .  Full story

PG&E turns down San Francisco's $2.5 bln offer to buy assets

12/10 PG&E Corp rejected a $2.5 billion offer from San Francisco to buy the bankrupt Californian company's power lines and other infrastructure within the city, citing the offer was inadequate.. . .  Full story

QE on the QT? Fed says no, economists say maybe so

12/10 Stop with the "50 Bs." Start with the 60.. . .  Full story

Uber to buy Chile's Cornershop as it sets sights on delivering groceries

12/10 Uber Technologies Inc said on Friday it would buy a majority stake in Chilean online grocery provider Cornershop as the ride hailing company seeks to widen its fast-growing food delivery app to include groceries and. . .  Full story

Wall Street jumps but ends off highs after partial trade deal

11/10 U.S. stocks ended more than 1% higher on Friday though well off the day's highs after the announcement of a partial trade deal between the United States and China.. . .  Full story