Business

EAST PEORIA, Ill. (Reuters) – Orders for the mining machines and construction bulldozers made at this sprawling Caterpillar Inc. (CAT.N) factory in central Illinois have jumped, in general, three-fold over the past year. A worker uses a hydraulic press to squeeze sand into a mold that will be used to make parts at Kirsh Foundry
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JOHANNESBURG/BRUSSELS/LONDON (Reuters) – Sitting outside the ramshackle Vimba Tavern in Johannesburg’s Alexandra township, Patrick Mashego swigs from a one-liter bottle of Carling Black Label, South Africa’s most popular beer. A woman serves a one litre bottle of AB Inbev’s Carling Balck Label beer at a bar in Cape Town, South Africa, May 11, 2018. Picture
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WASHINGTON (Reuters) – The United States and China have agreed to drop their tariff threats on billions of dollars worth of each country’s goods while they work on a wider trade agreement, U.S. Treasury Secretary Steven Mnuchin said on Sunday. FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin (R) is seen as he and a U.S.
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(Reuters) – Some employees in a Wells Fargo & Co (WFC.N) unit that handles business banking improperly changed information on documents related to corporate customers, the Wall street Journal reported on Thursday, citing people familiar with the matter. FILE PHOTO: A Wells Fargo logo is seen at the SIBOS banking and financial conference in Toronto,
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FRANKFURT (Reuters) – The chairman of Deutsche Boerse’s (DB1Gn.DE) supervisory board said on Wednesday he would not insist on serving another full three-year term amid criticism that he is partly to blame for management missteps. FILE PHOTO: Theodor Weimer, new CEO of German stock exchange Deutsche Boerse AG, informs the media about the planned renovations
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(Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) on Tuesday said it has more than doubled its investment in generic drugmaker Teva Pharmaceutical Industries Ltd (TEVA.TA), and confirmed it has become Apple Inc’s (AAPL.O) second-largest shareholder. FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company annual
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LONDON (Reuters) – The shipping industry has long been criticized by campaigners for allowing vessels to be broken up on beaches, endangering workers and polluting the sea and sand. FILE PHOTO: Workers carry a rope line to fasten a decommissioned ship at the Alang shipyard in the western Indian state of Gujarat, March 27, 2015.
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