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U.S. trade gap widens as exports of soybeans, other goods fall

WASHINGTON The U.S. trade deficit recorded its biggest increase in more than 1-1/2 years in October as exports of soybeans and other goods dropped, suggesting that trade would be a drag on growth in the fourth quarter.

Recent Business News

Chipotle says new director slate due 'shortly,' recovery lagging

LOS ANGELES Chipotle Mexican Grill Inc , under activist pressure to revamp its board, expects to make an announcement shortly about a new slate of directors, the burrito chain's founder and co-chief executive said on Tuesday.

9:45am EST

Oil firms and carmakers diverge in costly debate

LONDON Many carmakers are predicting a significant shift to electric vehicles in the next decade. Advances in battery technology and the growth of autonomous driving and ride sharing - suited to electric vehicles - will power this expansion, they reason.

6:38am EST

Top Actelion shareholder says backs J&J deal above 246 Sfr/share

LONDON A top-30 investor in Swiss pharmaceutical company Actelion said he would back a takeover approach for the whole company from U.S. rival Johnson & Johnson above 246 Swiss francs.

7:13am EST

Alaska Air to get antitrust approval for Virgin deal soon: source

Alaska Air Group Inc's $2.6 billion acquisition of Virgin America Inc is expected to be approved by regulators soon, a source close to the deal told Reuters.

9:51am EST

Verizon to sell data centers to Equinix for $3.6 billion

Verizon Communications Inc , the No. 1 U.S. wireless carrier, is selling 29 data centers to Equinix Inc for $3.6 billion, as the telecom giant focuses on its core business.

8:49am EST

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