Reuters - Business Today

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Tuesday, December 5, 2017

Nasdaq futures fall as tech selloff continues

(Reuters) - Nasdaq futures were lower on Tuesday as selloff in tech stocks continued, while the Dow was higher as investors looked to profit from stocks that would benefit from potential corporate tax cuts.

China's budding coffee culture propels Starbucks, attracts rivals

SHANGHAI/LOS ANGELES (Reuters) - In Wu Qiong's small cafe in downtown Shanghai, coffee beans nestle in glass jars on the bar while various brews bubble away behind the counter.

Ford ramps up electric vehicle push in China amid slowing sales

SHANGHAI (Reuters) - Ford Motor Co will launch 50 new vehicles in China by 2025, including 15 electrified vehicles, the U.S. firm said at an event in Shanghai on Tuesday, as it looks to rev up sales growth in the market and shift towards cleaner electric cars.

Thyssenkrupp chairman rejects investor call for breakup: Handelsblatt

BERLIN (Reuters) - Thyssenkrupp Chairman Ulrich Lehner has rejected investor calls to break up the industrial group and backed top management's plan to transform the firm into a technology group, Germany's Handelsblatt reported, citing an interview.

iPhone market share slips in October-quarter: research firm

(Reuters) - The unavailability of the iPhone X during the three months ended October pulled down the market share for Apple's iPhones in some key regions, while phones running on Google's Android recorded higher sales, data from a research firm showed on Tuesday.

Apple wins EU trademark case against Xiaomi

LUXEMBOURG (Reuters) - Apple Inc succeeded on Tuesday in preventing Chinese smartphone maker Xiaomi Inc from registering its "Mi Pad" tablet computer as an EU trademark because the name was too similar to Apple's "iPad".

U.S. investors overweight in stocks despite market fears: study

NEW YORK (Reuters) - Three out of four U.S. investors age 40 and older worry about a correction that will eventually end the long-running bull market in stocks, yet most refuse to head for the exits.

GM puts an e-commerce marketplace in the dashboard

DETROIT (Reuters) - General Motors Co on Tuesday said it will equip newer cars with in-dash e-commerce technology, betting it can profit as drivers order food, find fuel or reserve hotel rooms by tapping icons on the dashboard screen, instead of using smartphones while driving.

Marriott signs co-brand credit card deal with JPMorgan, AmEx

(Reuters) - Marriott International signed a deal with JPMorgan Chase and American Express to issue co-branded credit cards associated with its loyalty programs, the world's largest hotel chain said on Tuesday.

'No evidence' to justify extraditing Mallya to India, UK court hears

LONDON (Reuters) - Indian tycoon Vijay Mallya should not be extradited to his home country to face fraud charges related to the collapse of his Kingfisher Airlines because there is no evidence to back up India’s case against him, a London court heard on Tuesday.