Category Archives: businessNews

ThyssenKrupp kicks off talks with union on steel merger

ESSEN, Germany (Reuters) – Managers and labour leaders at Germany’s ThyssenKrupp have struck a conciliatory tone as they seek to resolve a dispute over job cuts resulting from a planned merger of its steel operations with those of India’s Tata Steel. Read More

U.S. shoppers browse stores, buy online as Black Friday deals beckon

CHICAGO/NEW YORK (Reuters) – U.S. stores offered deep discounts, entertainment and free gifts to lure bargain hunters on Black Friday, the traditional start of the holiday retail season, but some shoppers said they were just browsing the merchandise, reserving their cash for internet purchases.

Holiday cheer boosts Amazon, Macy's and other retail stocks

SAN FRANCISCO (Reuters) – Shares of Amazon.com Inc , Macy’s Inc , Kohl’s Corp and other U.S. retailers rose on Friday on early signs that consumers are on track to spend more this holiday shopping season than in previous years. Read More at

Wall Street stocks end higher in shortened session

NEW YORK (Reuters) – Wall Street closed higher in a half-day session on Friday, led by technology stocks, with Amazon and retail shares getting a boost on signs of a strong start to the U.S. holiday shopping season. Read More at Wall Street

EU banks have cut exposure to Britain since Brexit vote

LONDON (Reuters) – Banks on mainland Europe have cut their exposures to Britain since the Brexit vote last year and are concerned about the legality of cross-border deals once the UK leaves, the European Union’s banking watchdog said on Friday. Read More at