The U.S. plans to sell millions of barrels of crude oil from its Strategic Petroleum Reserve from 2018 until 2025 under a budget deal reached on Monday night by the White House and top lawmakers from both …
(Reuters) – China’s Alibaba Group Holding Ltd is squeezing more money from online shopping than expected, beating analyst forecasts for revenue growth and putting its shares on track for their biggest daily rise since the firm’s blockbuster flotation. “Mobile is the trend and Alibaba is capturing that trend,” said T.H. Capital Research analyst Tian Hou. Alibaba’s New York-listed shares were up 6 percent in morning trade.
By Dustin Volz WASHINGTON (Reuters) – Sharing of computer data on cyber threats between the private sector and U.S. government would increase under legislation expected to win Senate approval on Tuesday despite objections of privacy advocates who fear excessive government surveillance. Two related measures won approval in the House of Representatives earlier this year and must be reconciled with the Senate bill before final legislation goes to President Barack Obama.
Fiat Chrysler is recalling nearly 94,000 SUVs because the air conditioning lines are too close to the exhaust manifold and could catch fire. The company looked into the problem after U.S. regulators got …
By Nathan Layne CHICAGO (Reuters) – Wal-Mart Stores Inc applied Monday to U.S. regulators for permission to test drones for home delivery, curbside pickup and checking warehouse inventories, a sign it plans to go head-to-head with Amazon in using drones to fill and deliver online orders. The world’s largest retailer by revenue has for several months been conducting indoor tests of small unmanned aircraft systems – the term regulators use
Russia says it’s likely to deplete one of its two rainy day funds by the end of next year as tries to plug the state deficit amid the economic downturn. The economy, battered by low energy prices and Western …
T-Mobile US Inc reported lower-than-expected quarterly revenue and profit as the company’s initiatives such as lower-priced plans to attract monthly users away from competitors took a toll on earnings. T-Mobile’s branded postpaid average revenue per user fell to $47.99 in the third quarter ended Sept. 30, from $49.84 a year earlier, and net customer additions were flat at 2.3 million. “If T-Mobile is getting more customers on family plans, which
The far right isn’t what’s buoying the populist plutocrat.
The days of cheap and cheerful cars like the Honda Civic and Toyota Corolla may be numbered as technology firms Google and Apple muscle into the auto industry, and change the way people own and drive cars. “If they don’t watch out, they risk becoming just suppliers to those (tech) companies,” Okuyama told Reuters in an interview at his industrial design studio in the Japanese capital ahead of this week’s
The S&P/Case Shiller composite index of 20 metropolitan areas gained 5.1 percent in August on a year-over-year basis compared with 4.9 percent in July and was in line with estimates for 5.1 from a Reuters poll of economists. “One result is that a 5 percent price increase in the value of a house means more today than it did in 2005-2006, the peak of the housing boom when the inflation
