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Starbucks to expand delivery with Uber Eats across U.S in early 2020

9 min ago

Starbucks Corp said on Tuesday it would expand its partnership with Uber Eats to deliver food and coffee throughout the United States in early 2020.

Uber Freight launches in Germany, faces local competition

20 min ago

U.S. ride-hailing company Uber is launching a freight platform in Germany, taking on local technology startups in a race to grab a share of Europe's $500 billion trucking market.

White House's Kudlow hopeful on U.S.-China trade talks, agriculture buys

36 min ago

White House economic adviser Larry Kudlow on Tuesday called it a good sign that top U.S. officials would be traveling to China to discuss reviving stalled trade talks, and said he expected Beijing to start buying U.S. agriculture products soon.

Oil edges higher on U.S. inventory decline, escalating Mideast tensions

44 min ago

Oil prices edged higher on Wednesday, extending gains as rising tensions with Iran fueled concerns about supply disruptions and as U.S. inventory data showed a much bigger than expected drop in crude stockpiles.

Warren Buffett's charity lunch postponed after cryptocurrency promoter falls ill

46 min ago

Chinese cryptocurrency entrepreneur Justin Sun postponed his $4.57 million charity lunch with Warren Buffett after falling ill with kidney stones, according to a statement from a foundation he backs.

Asia stocks welcome trade talks, euro on defensive

1 hour ago

Asian shares on Wednesday gave a guarded welcome to hints of progress in the Sino-U.S. trade saga, while the dollar hit two-month highs on the euro as investors wagered on a dovish outcome from the European Central Bank's coming policy meeting.

Facebook to create privacy panel, pay $5 billion to U.S. to settle allegations

1 hour ago

The Federal Trade Commission is set to announce on Wednesday that Facebook Inc has agreed to a sweeping settlement of significant allegations it mishandled user privacy and pay $5 billion, two people briefed on the matter said.

Exclusive: Deutsche Bank's problem derivatives cloud recovery - sources

1 hour ago

Deutsche Bank AG's turnaround strategy rests in large part on shedding 288 billion euros of unwanted assets. Three bank insiders said it will take years, tying up capital that could have generated income of 500 million euros ($557 million) a year.

Japan's Nissan to double global job cuts to over 10,000: source

2 hours ago

Nissan Motor Co Ltd plans to expand job cuts to over 10,000 to help turn around its business, a person with direct knowledge of the matter said on Wednesday, showing the tough road ahead for an automaker grappling with management upheaval.

Big Tech faces broad U.S. Justice Department antitrust probe

2 hours ago

The U.S. Justice Department said on Tuesday it was opening a broad investigation of major digital technology firms into whether they engage in anticompetitive practices, the strongest sign the Trump administration is stepping up its scrutiny of Big Tech.

Trump administration split on renewing Chevron's Venezuela license

2 hours ago

The Trump administration is split over whether to renew a license this week for energy company Chevron Corp's operations in Venezuela, with Secretary of State Mike Pompeo supporting a renewal and others opposing it, three sources with knowledge of the matter said on Tuesday.

Bank drops objection to financing request by bankrupt Philadelphia Energy Solutions

2 hours ago

A bank dropped its objection on Tuesday to Philadelphia Energy Solutions Inc's initial bankruptcy requests after the two sides struck an agreement over the terms of new financing.

WeWork looking to go public as early as September: source

3 hours ago

Shared office space manager WeWork is looking to go public as soon as September, earlier than previously expected, a person familiar with the matter told Reuters on Tuesday.

Texas Instruments quarterly beat soothes demand jitters, shares up 6%

4 hours ago

Texas Instruments Inc provided some relief that a global slowdown in microchip demand would not be as long as feared, posting quarterly profit and revenue that beat Wall Street estimates on Tuesday.

China's credit push to small firms falters in factory heartland

4 hours ago

China's campaign to boost loans to small firms was supposed to support the economy during its biggest slowdown in decades, but banks' reluctance to lend has left exporters and manufacturers in its southern industrial belt struggling to pay the bills.

UPS launches drone business, seeks to certify multiple pilots

4 hours ago

United Parcel Service Inc , the world's largest package delivery firm, on Tuesday unveiled its drone delivery subsidiary and said it has applied for the Federal Aviation Administration certifications needed to expand the business.

UPS adding Sunday delivery next year, joining rival FedEx

4 hours ago

United Parcel Service Inc next year will join rival FedEx Corp in adding Sunday delivery services, efforts viewed as bids to fend off customer-turned-competitor Inc .

Snap's Android fix, gender-changing lens boost users, shares up 9%

5 hours ago

Snap Inc's Snapchat on Tuesday beat analysts' estimates for user growth and revenue, getting a boost from a better version of its Android app and the launch of new augmented reality photo lenses.

Chipotle's online shift fuels highest sales growth in two years

5 hours ago

Chipotle Mexican Grill Inc's aggressive push into online orders, amped up ads around fresh ingredients and the addition of healthier meals helped the burrito chain post its highest sales growth at established restaurants in over two years.

Oil rises near $64/bbl on second downed Iranian drone

6 hours ago

Oil rose to almost $64 on Tuesday, jumping late in the session after the head of U.S. Central Command said the United States may have taken down a second Iranian drone over the Strait of Hormuz last week.