[ad_1] WASHINGTON/CARACAS (Reuters) – The Trump administration on Monday imposed sweeping sanctions on Venezuelan state-owned oil firm PDVSA, aimed at severely curbing the OPEC member’s crude exports to the United States and at pressuring socialist
Exclusive: Snapchat weighs what was once unthinkable – permanent snaps
[ad_1] NEW YORK (Reuters) – Snap Inc is considering changes to its Snapchat app, known for disappearing photos and videos, that could make users’ public posts longer lasting or even permanent, people familiar with the
U.S. unseals indictments against China’s Huawei and CFO Meng Wanzhou
[ad_1] FILE PHOTO: Meng Wanzhou, Huawei Technologies Co Ltd’s chief financial officer (CFO), is seen in this undated handout photo obtained by Reuters December 6, 2018. Huawei/Handout via REUTERS WASHINGTON (Reuters) – The U.S. Justice
Caterpillar, Nvidia sound alarm on profit hit from China
[ad_1] (Reuters) – Warnings from Caterpillar and Nvidia on Monday about weakening demand from China signal investors could see more profit shortfalls from U.S. companies that count on the world’s No. 2 economy for a
Caterpillar stock slides on profit miss, China sales forecast
[ad_1] (Reuters) – Caterpillar Inc on Monday missed quarterly earnings estimates, hurt by soft Chinese demand, higher manufacturing and freight costs, sending shares of the heavy machinery maker tumbling as much as 10 percent. Industrial
U.S. shutdown costs pegged at $3 billion as government reopens
[ad_1] WASHINGTON (Reuters) – The U.S. economy was expected to lose $3 billion from the partial federal government shutdown over President Donald Trump’s demand for border wall funding, congressional researchers said on Monday as 800,000
Insys founder’s lawyer rejects charge he fed U.S. opioid epidemic
[ad_1] BOSTON (Reuters) – A lawyer for Insys Therapeutics Inc’s one-time billionaire founder on Monday rejected claims that her client directed a scheme to bribe doctors to prescribe an addictive fentanyl spray and denied the
California utilities regulator reviewing PG&E request for $6 billion in borrowing
[ad_1] SAN FRANCISCO (Reuters) – The California Public Utilities Commission will hold an emergency meeting on Monday afternoon to review a request by power provider PG&E Corp to seek up to $6 billion in debtor-in-possession
Tesco cost cuts put 9,000 UK jobs at risk
[ad_1] LONDON (Reuters) – Tesco, Britain’s biggest retailer, could axe 9,000 jobs in its UK stores and head office with its latest move to simplify operations and achieve targeted cost savings. FILE PHOTO: A woman
Nvidia cuts fourth-quarter revenue estimate on weak China demand; shares sink
[ad_1] A NVIDIA logo is shown at SIGGRAPH 2017 in Los Angeles, California, U.S. July 31, 2017. REUTERS/Mike Blake/File Photo (Reuters) – Nvidia Corp on Monday cut its fourth-quarter revenue estimate by half a billion