Today's Top Story
Exclusive: Billionaire family behind Tetra Pak revealed as mystery IFF shareholder
CHICAGO/LONDON/ZURICH (Reuters) - A trio of billionaire siblings known for inheriting the privately-held packaging giant Tetra Laval have snapped up nearly 20 percent of International Flavors & Fragrances Inc
over two years, becoming the company's top shareholder, Reuters has learned.
Ford names new China head to tackle daunting turnaround task
BEIJING/SHANGHAI (Reuters) - Ford Motor Co
has hired a new chief for its troubled China operations, ending a nine-month search after the previous head suddenly quit and tasking him with fixing a deep sales slump in the world's biggest car market.
Tesla critic Citron makes U-turn ahead of results
NEW YORK (Reuters) - Tesla Inc shares jumped more than 12 percent on Tuesday after long-time critic and short-seller Citron Research said it had a change of heart and is now betting the electric automaker's stock will rise.
- More Business News»
Asia stocks struggle as global woes persist, oil near two-month lows
TOKYO (Reuters) - Asian stocks edged lower on Wednesday as concerns, ranging from worries about U.S. corporate earnings to Middle East tensions, weighed on sentiment while crude oil approached two-month lows after Saudi Arabia flagged possible supply increases.
Saudi crown prince proclaims investment conference despite boycott
RIYADH (Reuters) - Saudi Arabia's crown prince trumpeted on Tuesday a conference that has drawn investment deals worth $50 billion despite a boycott over the killing of journalist Jamal Khashoggi, declaring the event as "great - more people more money".
Fed's Bostic says comfortable with fourth rate hike following strong data
BATON ROUGE, La. (Reuters) - Falling stock prices, uncertainty around global trade and other possible "headwinds" are not enough yet to throw the U.S. economy off course or force the Fed to alter its intent for continued gradual rate increases, Atlanta Federal Reserve President Raphael Bostic said on Tuesday.
- More Economic News»
Tariffs begin to take bite out of U.S. corporate earnings growth
NEW YORK (Reuters) - The easy money may be over.
A passion for makeup drove Urban Decay's Zomnir to cosmetics industry
NEW YORK(Reuters) - Wende Zomnir has always had a passion for makeup - as an eighth grader, she was sent home from school for wearing too much. It should come as little surprise that she would grow up to co-found the edgy cosmetics company Urban Decay.
Wealthfront to offer automated financial planning tool for free
LAS VEGAS (Reuters) - Wealthfront, one of the largest digital wealth management startups known as "robo-advisers," will offer its automated financial planning tool for free by the end of the year as it seeks to grow its customer base, it said on Tuesday.
- More Money News»