Business News

  • Saudi regulator approves Goldman Sachs application for dealing license
    DUBAI (Reuters) - Saudi Arabia's Capital Market Authority said on Sunday it had approved Goldman Sachs' request to conduct dealing, underwriting and custody services in the kingdom. ... Read more »
  • Bankruptcy fight over Oncor to test Warren Buffett's discipline
    (Reuters) - Warren Buffett takes pride in naming his price to buy a company, and not paying a nickel more. But the largest U.S. natural gas distribution utility, an unyielding hedge fund, and a Delaware bankruptcy judge now present one of the biggest challenges to the billionaire's legendary discipline. ... Read more »
  • Britain will not exclude possible EU oversight of UK borders after Brexit
    LONDON (Reuters) - Britain will not rule out the possibility that the European Union may retain oversight of customs controls at UK borders after it leaves the bloc, as the country seeks ways to keep unhindered access to EU markets following Brexit. ... Read more »
  • U.S. did not detail request for auto rules of origin at NAFTA talks: source
    WASHINGTON (Reuters) - In the opening NAFTA session of talks, the United States did not give precise details of how much it wanted to boost North American content for autos, a source directly familiar with the negotiations said on Saturday. ... Read more »
  • India's Infosys approves up to $2 billion buyback of shares
    MUMBAI (Reuters) - India's second-biggest IT firm Infosys said on Saturday it will buy back shares worth up to 130 billion rupees ($2 billion), a day after Vishal Sikka resigned as chief executive after a long-running feud with the company's founders. ... Read more »
  • Shift from non-GAAP bottom lines could be good for stock prices
    SAN FRANCISCO (Reuters) - Investors worried about lofty stock-market valuations may take comfort in signs that companies in the benchmark S&P 500 index are padding their bottomlines less than they have in previous years. ... Read more »
  • Former UAW official charged in Fiat Chrysler payoff probe
    (Reuters) - A former senior official at the United Auto Workers trade union was charged on Friday with conspiring with other union officials to accept improper payments from Fiat Chrysler Automobiles NV officials over a four-year period. ... Read more »

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