Reuters - Business Today

Click to View in Browser

Monday, March 13, 2017

Intel to buy driverless technology firm Mobileye for $15.3 billion

JERUSALEM (Reuters) - U.S. chip giant Intel has agreed to buy Israeli driverless technology firm Mobileye for $15.3 billion, the largest ever acquisition of an Israeli high-tech company.

Oil touches three-month lows, as U.S. supply swells

LONDON (Reuters) - Oil hovered around three-month lows on Monday, as rising U.S. inventories and drilling activity offset optimism over OPEC's efforts to restrict crude output.

At the Fed, spring comes early with return to new 'normal'

WASHINGTON(Reuters) - U.S. household wealth has hit record levels. U.S. stock prices recently hit all-time highs. Inflation is nearing the Federal Reserve's 2.0 percent goal, and the world economy including the once-sick eurozone has skirted the risk of a deep new downturn.

Wall Street set to open flat as rate hike looms

(Reuters) - U.S. stock index futures pointed to a subdued open on Wall Street as investors bided time ahead of an all-but-certain interest rate hike by the Federal Reserve.

Toshiba seeking to extend Tuesday deadline for third-quarter disclosure: sources

TOKYO (Reuters) - Japan's Toshiba Corp is seeking to extend its Tuesday deadline for submitting official third-quarter earnings due to disagreements with auditors over issues at its U.S. nuclear unit Westinghouse, sources familiar with the matter said.

Millennial love for Snapchat extends to the stock

NEW YORK (Reuters) - For some millennial investors, loyalty to one of their favorite apps matters more than financial details in the case of Snap Inc .

Captains of German industry to accompany Merkel on Trump trip

FRANKFURT (Reuters) - Bosses of German companies including engineering group Siemens and carmaker BMW will travel with Chancellor Angela Merkel to meet U.S. President Donald Trump this week, sources familiar with the matter told Reuters.

Ford's Lincoln plans to produce luxury SUV in China by late 2019

BEIJING (Reuters) - Ford Motor Co's luxury unit Lincoln plans to produce luxury SUVs in China by late 2019, as it steps up its move into the world's largest auto market and aims to catch up with German and U.S. rivals who already manufacture in the Asian nation.

HSBC names AIA's Tucker as chairman in break with past

HONG KONG/LONDON (Reuters) - HSBC broke with tradition by choosing outsider Mark Tucker to replace Douglas Flint as chairman later this year, handing the AIA Group boss the task of selecting a new chief executive for Europe's biggest bank in 2018.

Blackstone picks Luxembourg for EU base: Luxembourg official says

LONDON (Reuters) - Private equity firm Blackstone is among a number of financial services companies to have chosen Luxembourg as the site for a European Union subsidiary following Britain's vote to leave the EU, the head of Luxembourg's financial development agency said.