SAN FRANCISCO (Reuters) - Facebook Inc said on Thursday that Elliot Schrage, who as head of communications and public policy has led the social network's response to scandals about privacy and election meddling, would step down from the company after a decade.
NEW YORK (Reuters) - Oil prices were mixed on Thursday, with Brent slipping and U.S. crude gaining, as a stronger dollar weighed and a key supply-setting meeting of the Organization of the Petroleum Exporting Countries loomed.
NEW YORK (Reuters) - The U.S. dollar rose against a basket of major currencies by more than a penny as the euro cratered, and U.S. stocks ticked up in afternoon trading on Thursday, as the European Central Bank signaled interest rate hikes were a long way off.
CHICAGO (Reuters) - Chicago has selected billionaire entrepreneur Elon Musk's Boring Co to build a high-speed underground commuter system from the downtown Loop district to O'Hare International Airport, one of the world's busiest, the company and the mayor's office said.
SAN FRANCISCO (Reuters) - Microsoft Corp is working on technology that would eliminate cashiers and checkout lines from stores, in a nascent challenge to Amazon.com Inc's automated grocery shop, six people familiar with the matter told Reuters.
NEW YORK (Reuters) - The euro on Thursday suffered its worst day against the dollar since the UK's Brexit vote nearly two years ago after the European Central Bank unexpectedly indicated that it planned to keep interest rates at record lows into the summer of 2019.
NEW YORK (Reuters) - The S&P 500 and Nasdaq rose on Thursday after the European Central Bank said it would not raise interest rates until mid-2019, a day after the U.S. Federal Reserve increased its key rate and hinted at two more hikes by the end of 2018.
FRANKFURT/LONDON (Reuters) - Deutsche Bank has found a buyer for the bulk of its bad ship loans as it seeks to draw a line under sour investments in the sector and to start a fresh push in transport lending, people close to the matter said.
(Reuters) - Canada agreed with the United States on Thursday that slow-moving talks to update NAFTA should continue although they did not set a date for the next round, a senior official said in remarks casting further doubt on the chances of a deal this year.
SAO PAULO (Reuters) - Amazon.com Inc is recruiting major Brazilian cosmetics firms Grupo Boticario and Natura Cosmeticos SA to sell via the logistics platform it is developing in Brazil, three people familiar with talks told Reuters, making an early play for the world's fourth-largest beauty market.
Chicago has selected billionaire entrepreneur Elon Musk's Boring Co to build a high-speed underground commuter system from the downtown Loop district to O'Hare International Airport. Fred Katayama reports.
U.S. oil producers are using skills gained from the shale revolution to reboot older oilfields comprised of different types of rock, betting that cheaper land and low-cost drilling technology can deliver even more production and profit.
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