PacWest confirms strategic options talks after US bank shares plunge
By Anirban Sen and Noel Randewich (Reuters) – PacWest Bancorp said late on Wednesday it was in talks with potential…
Business
Analysis-Delta’s pilot deal turns up the heat on rival airlines’ union negotiations
By Rajesh Kumar Singh and Allison Lampert (Reuters) – Delta Air Lines’ industry-changing pilot contract that offers $7 billion in…
Qualcomm amplifies chip gloom with ‘sobering report’
(Reuters) -Qualcomm Inc’s shares sank 7% on Thursday after the chip designer signalled it would take longer for its crucial…
Russian rouble soars to one-month high as oil prices halt slide
By Alexander Marrow (Reuters) -The Russian rouble climbed sharply to a more-than-one-month high on Thursday, gaining for a fifth straight…
Argentina seeks US, Brazil support for faster IMF payouts – gov’t sources
By Bernardo Caram and Nicolás Misculin BRASILIA/BUENOS AIRES (Reuters) – Argentina is seeking new easing of targets in its $44…
Shopify divests logistics arm to Flexport in strategic reversal
By Krystal Hu (Reuters) – Shopify Inc has divested the logistics arm it built over the past few years, in…
NYSE-parent ICE tops profit views as market volatility spurs trading
NEW YORK (Reuters) -Intercontinental Exchange Inc on Thursday reported first-quarter profit slightly above Wall Street views, as market volatility boosted…
Shell posts $10 billion profit as trading offsets lower energy prices
By Ron Bousso and Shadia Nasralla LONDON (Reuters) – Shell on Thursday posted first-quarter net profit of $9.65 billion as…
US trade deficit narrows sharply in March as exports rise
WASHINGTON (Reuters) – The U.S. trade deficit narrowed sharply in March as exports increased, which could position trade to continue…
US productivity drops in first quarter; labor costs jump
WASHINGTON (Reuters) – U.S. worker productivity fell more than expected in the first quarter after growing in the second half…