Reuters - Business Today

Click to View in Browser

Monday, November 13, 2017

GE slashes quarterly dividend ahead of expected restructuring

(Reuters) - General Electric Co chopped its quarterly dividend in half on Monday, new Chief Executive John Flannery's first move in an overhaul of the conglomerate he is due to announce later in the day.

Wall Street set to open lower on tax reform uncertainty

(Reuters) - Wall Street was on track to open lower on Monday, adding to last week's losses on rising uncertainty over a U.S. tax reform deal.

Bitcoin claws back over $1,000 after losing almost a third of value

LONDON (Reuters) - Bitcoin surged on Monday, recovering more than $1,000 after losing almost a third of its value in less than four days as traders bought back into the volatile cryptocurrency.

Qualcomm draws up plans to rebuff Broadcom's $103 billion offer: sources

(Reuters) - U.S. chipmaker Qualcomm Inc is making preparations to reject rival Broadcom Ltd's $103 billion bid as early as this week, four people familiar with the matter said on Sunday, setting the stage for one of the biggest-ever takeover battles.

Aramco plans to spend $300 billion over 10 years in upstream oil and gas: CEO

ABU DHABI (Reuters) - Saudi Aramco plans to spend close to $300 billion over 10 years in upstream oil and gas projects, Chief Executive Amin Nasser said on Monday.

GM's electric car sales will meet quotas by 2019, says China chief

BEIJING (Reuters) - General Motors Co's China joint ventures will be able to generate enough new energy vehicle (NEV) sales volume to account for NEV production quotas by 2019 and without the need to buy credits, GM China chief Matt Tsien said on Monday.

Dubai wants guarantee on A380 output before placing new order

DUBAI (Reuters) - Dubai wants a guarantee that Airbus will keep production of the A380 superjumbo open for at least 10 years before state-owned Emirates places a new order for the world's largest jetliner, the airline's president said on Monday.

Volkswagen's truck brand MAN spends $2.8 billion to upgrade plants

MUNICH (Reuters) - Volkswagen's heavy-trucks brand MAN said it will spend more than 2.4 billion euros ($2.8 billion) through 2020 on upgrading plants in Europe, Asia and Africa as part of efforts to overhaul production and boost profit.

Tyson Foods tops profit estimates as low-cost feed provides boost

(Reuters) - U.S. meat processor Tyson Foods Inc's quarterly earnings and revenue topped analysts' forecasts, as its chicken and beef businesses benefited from strong demand as well as lower costs to buy animal feed.

Wall Street bonuses may jump 10 percent this year: report

(Reuters) - Wall Street bonuses may climb as much as 10 percent this year, in the first meaningful jump for the industry since 2013, according to a closely watched report.