Wednesday, 7 June 2017

Reuters Business Today: June 7, 2017

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Wednesday, June 7, 2017
Comey relief buoys Wall Street; energy falls with crude
NEW YORK (Reuters) - U.S. stocks rose on Wednesday despite a sharp decline in energy shares after written testimony from former FBI director James Comey did not add major revelations about an investigation into Russian meddling with last year's U.S. presidential election.
Exclusive: Toshiba aims to name buyer of $18 billion chips business on June 15
TOKYO/SAN FRANCISCO (Reuters) - Toshiba Corp aims to name a winner for its prized semiconductor business next week, people familiar with the matter said on Wednesday, as a row with one of the bidders over the sale appeared to escalate.
Judge rules Uber must disclose key document in Waymo self-driving car case
SAN FRANCISCO (Reuters) - A magistrate judge has ruled that Uber Technologies Inc [UBER.UL] must hand over a key document that could shed light on what its executives knew about alleged theft of trade secrets from Alphabet Inc's Waymo self-driving car unit.
Boeing studies 'mild to wild' design for pivotal mid-market jet
CANCUN, Mexico (Reuters) - Boeing has looked at options "from mild to wild" for the design of a proposed mid-market jet, a senior executive said, hinting at a breakthrough that industry sources say will create building blocks for future models.
Amazon error sends some shoppers to dog photo, not product page
(Reuters) - Amazon.com Inc told some shoppers on Wednesday that there was a problem when they were trying to view product listings.
Ford offering short-term consumer auto leases through Canvas
DETROIT (Reuters) - Silicon Valley's latest mobility startup, a short-term vehicle leasing company called Canvas, is backed by old-school muscle: Ford Motor Credit Co, the dealer and consumer financing arm of U.S. automaker Ford Motor Co .
Low-cost airlines shake up market for long haul flights
CANCUN, Mexico (Reuters) - Low-cost, long-haul air travel has taken off across the Atlantic, shaking a club of major airlines meeting in Mexico this week and forcing established flag carriers to set up budget subsidiaries or lower fares.
Mylan defends chairman to ISS ahead of June 22 investor vote
(Reuters) - Mylan NV defended Chairman Robert Coury's role to ISS this week as the influential proxy firm prepares to advise shareholders on how they should vote on the re-election of Coury and other directors, according to a letter the drugmaker released on Wednesday.
Facebook launches features to connect U.S. users to elected officials
WASHINGTON (Reuters) - Facebook Inc announced a set of three new features on Wednesday intended to boost civic engagement among users in the United States on its platform by connecting them more easily with their elected representatives.
Renault plans foray into energy market with mega battery
FRANKFURT (Reuters) - Renault-Nissan is drawing up plans to build a 100 megawatt power storage plant in Europe, sources told Reuters, hoping to give electric car batteries a second life in a project that could eventually compete with utility companies.
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