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Updated: 1 hour 37 min ago

Toronto van attack suspect charged with murder, motive a mystery

Tue, 04/24/2018 - 12:23pm
TORONTO (Reuters) - The driver accused of plowing a rental van into pedestrians in Toronto was charged with 10 counts of first-degree murder and 13 counts of attempted murder on Tuesday, but his motive remained a mystery.

Coke warns of pain from UK sugar tax, U.S. freight costs

Tue, 04/24/2018 - 11:29am
(Reuters) - Coca-Cola Co said on Tuesday it would take a hit in the second quarter from the introduction of a British sugar tax on soft drinks and rising freight costs in the United States, overshadowing modestly better than forecast results for the first three months of 2018.

FAANG, industrial stocks hit Wall Street

Tue, 04/24/2018 - 11:28am
(Reuters) - A sharp drop in so-called 'FAANG' group of technology stocks pushed the Nasdaq Composite lower on Tuesday, with rising 10-year yields and contrasting earnings reports from industrials also adding to the pressure.

Unfazed by Brazil's army, Rio drug gangs willing to wait out occupation

Tue, 04/24/2018 - 9:48am
RIO DE JANEIRO(Reuters) - Leaders of Rio de Janeiro's heavily armed drug gangs agree on at least one thing with the head of Brazil's army: An ongoing military intervention cannot solve the soaring crime and violence that is roiling the seaside metropolis.

U.S. consumer confidence rebounds; new home sales rise

Tue, 04/24/2018 - 9:45am
WASHINGTON (Reuters) - U.S. consumer confidence rebounded in April and new home sales increased more than expected in March, pointing to underlying strength in the economy despite signs that growth slowed in the first quarter.

Trump, France's Macron face differences at glitzy state visit

Tue, 04/24/2018 - 9:18am
WASHINGTON (Reuters) - U.S. President Donald Trump treated French President Emmanuel Macron to a colorful welcome ceremony at the White House on Tuesday during a state visit that threatened to expose differences on Iran, trade and Syria between two close allies.

Toronto van attack suspect faces murder charges in court

Tue, 04/24/2018 - 9:18am
TORONTO (Reuters) - The driver suspected of killing 10 people and injuring 15 others when he plowed a rental van into pedestrians in Toronto made his first court appearance on Tuesday, where details of a motive for the attack were expected to emerge.

Wall Street posts slight gains as U.S. bond yield hits 3 percent

Tue, 04/24/2018 - 9:15am
(Reuters) - U.S. stocks rose on Tuesday as strong earnings from Caterpillar, Verizon and a host of other big names boosted optimism about corporate America's health, but the gains were curbed by rising bond yields.

Coca-Cola sales surge after Diet Coke reboot

Tue, 04/24/2018 - 7:14am
(Reuters) - Coca-Cola Co beat Wall Street estimates with quarterly results on Tuesday, citing more demand for Coke Zero Sugar and new flavors under its Diet Coke brand as overall revenue topped expectations by around $300 million.

Exclusive: China's HNA Group seeks up to $1.5 billion in new fund - document

Tue, 04/24/2018 - 6:25am
(Reuters) - A unit of debt-laden Chinese conglomerate HNA Group [HNAIR.UL] is seeking to raise as much as $1.5 billion by the end of this year in an investment fund that will serve as the group's primary vehicle for global acquisitions, a document reviewed by Reuters showed.

Toronto van attack suspect expected in court on Tuesday

Tue, 04/24/2018 - 6:24am
TORONTO (Reuters) - A driver suspected of killing 10 and injuring 15 others when he plowed a rental van into pedestrians in Toronto will make his first court appearance on Tuesday when details of a motive for the attack were expected to emerge.

Toronto van suspect a withdrawn figure, with special needs

Tue, 04/24/2018 - 6:23am
TORONTO (Reuters) - The suspect in a Toronto van attack that killed 10 people and injured 15 others on Monday attended a high school program for students with special needs where he would often walk the halls with his head down and hands tightly clasped, according to former classmates.

Coca-Cola revenue beats estimates

Tue, 04/24/2018 - 6:10am
(Reuters) - Coca-Cola Co reported quarterly revenue that beat Wall Street estimates on Tuesday on higher demand for Coke Zero Sugar and new flavors of Diet Coke.

Iran warns Trump it might withdraw from Non-Proliferation Treaty

Tue, 04/24/2018 - 5:55am
LONDON (Reuters) - A senior Iranian official said on Tuesday that Tehran might quit a treaty designed to stop the spread of nuclear weapons if U.S. President Donald Trump scraps the nuclear accord Iran signed with world powers in 2015.

One in five financial institutions consider cryptocurrency trading, survey says

Tue, 04/24/2018 - 4:15am
LONDON (Reuters) - One in five financial institutions is considering trading cryptocurrencies within the next 12 months, a survey published by Thomson Reuters on Tuesday found.

Softbank, Google join $1.9 billion investment in China truck-hailing firm

Tue, 04/24/2018 - 3:43am
BEIJING/SHANGHAI (Reuters) - Japan's Softbank Group and Alphabet Inc's venture capital fund CapitalG are among investors pouring $1.9 billion into a truck hailing service platform Manbang, the Chinese company said in a statement on Tuesday.

Express Scripts targets new migraine drugs to change U.S. pricing dynamic

Tue, 04/24/2018 - 3:39am
LOS ANGELES (Reuters) - The largest U.S. manager of prescription benefits is telling drugmakers that the current pricing model is broken, and taking aim at Amgen Inc and other makers of new migraine medicines to try and fix it.

Iran warns Trump to remain in nuclear deal or 'face severe consequences'

Tue, 04/24/2018 - 3:16am
LONDON (Reuters) - Iranian President Hassan Rouhani warned U.S. President Donald Trump on Tuesday to stay in the nuclear deal Tehran signed with world powers in 2015, or face "severe consequences", as other signatories stepped up efforts to save the agreement.

Driver kills 10, injures 15 plowing van into Toronto sidewalk crowd

Mon, 04/23/2018 - 9:01pm
TORONTO (Reuters) - A driver deliberately plowed his white Ryder rental van into a lunch-hour crowd in Toronto on Monday, killing 10 people and injuring 15 along a roughly mile-long (1.6-km) stretch of sidewalk thronged with pedestrians, police said.

Ad sales surge at Google parent Alphabet, but so do costs

Mon, 04/23/2018 - 7:35pm
SAN FRANCISCO (Reuters) - Strong growth in ad sales on Google search and YouTube were not enough to offset a surge in costs at parent Alphabet Inc that shrank the first-quarter operating margin, leaving shares flat after hours on Monday.