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companyNews reuters.com

U.S. bond funds post 1st week of withdrawals since 2016 -ICI

By Trevor Hunnicutt NEW YORK, Feb 21 (Reuters) - U.S. fund investors tiptoed back into stocks after pulling the most cash on record the week prior, but they are now punishing bonds, Investment Company Institute (ICI) data showed on Wednesday. Investors pulled $12.1 billion from bond mutual funds and exchange-traded funds (ETFs) in the United States during the most recent week, the trade group said, marking the most cash drained out of those products since December 2015 and the first

cnn.com

How Billy Graham became the most famous preacher in US

Billy Graham was having doubts -- in his ministry, in his rock-ribbed Christian faith, in himself.

topNews reuters.com

Billy Graham, preacher to millions, adviser to U.S. presidents, dies at 99

(Reuters) - U.S. evangelist Billy Graham, who counseled presidents and preached to millions across the world from his native North Carolina to communist North Korea during his 70 years in the pulpit, died on Wednesday at the age of 99, a spokesman said.

businessNews reuters.com

Broadcom trims Qualcomm offer to $117 billion after new NXP deal

(Reuters) - Broadcom Ltd cut its bid for Qualcomm Inc on Wednesday by 4 percent to $117 billion, after the latter raised the stakes in the chipmaker takeover battle with a sweetened $44 billion agreement to acquire NXP Semiconductors NV .

businessNews reuters.com

U.S. Intel plans $5 billion investment in Israeli plant: minister

JERUSALEM (Reuters) - Intel Corp plans to invest $5 billion to expand production at its Kiryat Gat plant in southern Israel, Israeli Economy Minister Eli Cohen said on Wednesday after talks with the U.S. chipmaker.

Graham, Billy nytimes.com

Billy Graham, Media Pioneer

Over the course of his career, the Rev. Billy Graham capitalized on modern communication technologies — from television to satellite to the internet — to give his ministry a global reach.

topNews reuters.com

Billy Graham; preacher to millions, adviser to presidents, dies at 99

(Reuters) - U.S. evangelist Billy Graham, who counseled presidents and preached to millions across the world from his native North Carolina to communist North Korea during his 70 years on the pulpit, died on Wednesday at the age of 99, a spokesman said.

Graham, Billy nytimes.com

Billy Graham, 99, Dies; Pastor Filled Stadiums and Counseled Presidents

Mr. Graham spread the Gospel around the world through a combination of religious conviction, commanding stage presence and shrewd use of advanced communication technologies.

cnn.com

A look back at Billy Graham's life

Famed evangelist Billy Graham has passed away at 99 at his home in Montreat, North Carolina.

companyNews reuters.com

BRIEF-Boeing Files Prospectus Supplement Related To Offering Of $1.4 Bln Six-Part Senior Notes ‍​

* BOEING FILES PROSPECTUS SUPPLEMENT RELATED TO OFFERING OF $1.4 BILLION SIX-PART SENIOR NOTES - SEC FILING‍​ Source text: (http://bit.ly/2EHxxZ4) Further company coverage:

nytimes.com

Parkland, Billy Graham, Lindsey Vonn: Your Wednesday Briefing

Here’s what you need to know to start your day.

cnn.com

Billy Graham Fast Facts

Here's a look at the life of evangelist Billy Graham.

businessNews reuters.com

Intel plans $5 billion investment in Israel by 2020: minister

JERUSALEM (Reuters) - Chipmaker Intel Corp plans to invest $5 billion to expand production at its Kiryat Gat plant in Israel in the next three years, Israeli Economy Minister Eli Cohen said on Wednesday.

worldNews reuters.com

Kremlin says Russian defense sector 'fine', accuses U.S. of unfair competition

MOSCOW (Reuters) - The Kremlin said on Wednesday that "everything is fine" in the Russian defense sector, responding to an assertion by the U.S. State Department that sanctions had cost Russia $3 billion in lost defense contracts.

businessNews reuters.com

Daimler to invest 2.6 billion euros in trucks division by 2019

FRANKFURT (Reuters) - Daimler said it will invest 2.6 billion euros ($3.2 billion) in research and development at its trucks division by 2019, as part of a broader effort to mass produce electric heavy-duty commercial vehicles from 2021.

businessNews reuters.com

Dish Network profit surges on $1.2 billion U.S. tax law benefit

(Reuters) - Dish Network Corp's fourth-quarter profit surged due to a roughly $1.2 billion benefit related to U.S. tax law reforms, the U.S. satellite and internet TV provider said Wednesday.

technologyNews reuters.com

Temenos agrees to 1.4 billion pounds deal for Fidessa, activist Elliott enters

ZURICH (Reuters) - Swiss software company Temenos said it has agreed a 1.4 billion pound ($1.96 billion) deal to buy British peer Fidessa Group, whose shares traded above the offer price as an activist investor disclosed a stake of nearly 5 percent.

businessNews reuters.com

GM proposes $2.8 billion, 10-year investment in South Korea: government official

SEOUL (Reuters) - General Motors has proposed investing $2.8 billion into its struggling South Korean operations over the next 10 years and has asked Seoul to provide funds for the investment, a South Korean government official said on Wednesday.

Infowars nytimes.com

Right-Wing Media Uses Parkland Shooting as Conspiracy Fodder

Bill O’Reilly, Rush Limbaugh and Jack Kingston express suspicion toward the teenage survivors. The website Gateway Pundit claims they were coached.

businessNews reuters.com

GM offers $2.8 billion investment in South Korea over 10 years: South Korea official

SEOUL (Reuters) - General Motors has proposed $2.8 billion fresh investment in South Korea over the 10 years as part of its plan to restructure its embattled Korean unit, a South Korean senior government official said.

cnn.com

State House votes against taking up a bill to ban assault weapons as a busload of students heads to Capitol

cnn.com

Bill Gates to guest star on 'The Big Bang Theory'

The tech-loving characters on "The Big Bang Theory" are about to find themselves severely star-struck.

businessNews reuters.com

Steven Cohen loses bid to seal lawsuit alleging sexism at Point72

NEW YORK (Reuters) - A U.S. judge on Tuesday rejected billionaire investor Steven A. Cohen's request to temporarily seal a lawsuit accusing his hedge fund firm Point72 Asset Management LP of sexism toward women.

Mergers, Acquisitions and Divestitures nytimes.com

AT&T Loses Bid to Obtain White House Call Logs

The decision by a federal judge hampers the company’s argument that politics influenced the government’s move to block its $85 billion merger with Time Warner.

businessNews reuters.com

Albertsons to buy Rite Aid as Amazon threat looms

(Reuters) - U.S. grocer Albertsons Cos Inc said it would buy drug store chain Rite Aid Corp to create a company with $83 billion in annual revenue, giving it more clout to compete with bigger chains in an industry fearing the entry of Amazon.Com .

technologyNews reuters.com

Qualcomm deals blow to Broadcom's bid with sweetened NXP deal

(Reuters) - U.S. semiconductor company Qualcomm Inc on Tuesday unveiled a sweetened $44 billion agreement to acquire NXP Semiconductors NV , its most defiant move in its defense against a hostile $121 billion bid from Broadcom Ltd .

companyNews reuters.com

BRIEF-Duke Energy Corp Says Issuing $2 Billion Of Equity In 2018

* DUKE ENERGY CORP SAYS ISSUING $2 BILLION OF EQUITY IN 2018 Source text (http://bit.ly/2EVMrhI) Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)

companyNews reuters.com

UPDATE 2-$2 bln share issue takes shine off Duke Energy profit beat

Feb 20 (Reuters) - U.S. power provider Duke Energy Corp said on Tuesday it would issue $2 billion in new shares this year to deal with the financial impact of recent tax reforms that it also said would weigh on 2018 earnings growth.

cnn.com

Iceland proposes ban on male circumcision

A proposed bill to ban non-medically required male circumcision on babies and children in Iceland is receiving backlash from religious communities.

companyNews reuters.com

UPDATE 1-Romania says its natural gas output set to double by 2025

BUCHAREST, Feb 20 (Reuters) - Romania could almost double its natural gas production to about 20 billion cubic metres a year by 2025, helped by new offshore discoveries in the Black Sea, the head of the National Agency for Mineral Resources (ANRM), Sorin Gal, said on Tuesday.

businessNews reuters.com

Albertsons to buy Rite Aid in cash-and-stock deal

(Reuters) - U.S. grocery chain operator Albertsons Companies Inc said on Tuesday it would buy the drug stores that Rite Aid Corp is not selling to Walgreens Boots Alliance , in a deal that would create a company with $83 billion in annual revenue.

topNews reuters.com

Exclusive: EU scraps border projects as 'Ukraine fatigue' grows

KIEV (Reuters) - The European Union is shutting down a border checkpoint scheme with Ukraine, deepening doubts about Kiev's ability to deliver reforms in return for billions in European aid.

businessNews reuters.com

HSBC profit disappoints as CEO Gulliver bows out

HONG KONG/LONDON (Reuters) - HSBC Holdings reported a smaller than expected rise in annual profits and unveiled plans to raise up to $7 billion to bolster its capital, as CEO Stuart Gulliver hands over to a new leadership team on Tuesday.

companyNews reuters.com

S.African minister orders Transnet to report irregularities over locomotive contract

JOHANNESBURG, Feb 20 (Reuters) - South Africa's Public Enterprises Minister Lynne Brown on Tuesday ordered rail utility Transnet to report to law enforcement officials irregularities in the awarding of a 54 billion rand ($5 billion) contract to acquire locomotives in 2014.

cnn.com

Tokyo to build world's tallest timber tower

A Tokyo skyscraper is set to become the world's tallest wooden building. Japanese company Sumitomo Forestry says its 1,148 feet tall timber tower will be completed by in 2041, to mark the 350th anniversary of the business that year. The W350 tower will cost an estimated 600 billion yen ($5.6 billion) to build.

businessNews reuters.com

Exclusive: GM offers $2.2 billion debt for equity swap in return for Seoul's support - sources

SEOUL (Reuters) - General Motors has offered to convert debt of around $2.2 billion owed by its ailing South Korean operation into equity in exchange for financial support and tax benefits from Seoul, four sources with direct knowledge of the matter said.

Endangered and Extinct Species nytimes.com

Editorial: The Dirty Little Deals That Would Foul the Environment

Republicans are adding measures to appropriations bills that would gut protections of the air, water and landscape.

technologyNews reuters.com

Israeli visual aid company OrCam valued at $1 billion

JERUSALEM (Reuters) - Israel's OrCam, which has developed a visual aid for the blind, has completed a funding round that values the company at $1 billion, putting it on track for a planned initial public offering (IPO), its chief executive said on Tuesday.

companyNews reuters.com

Brazilian minister says pension reform bill halted in Congress

BRASILIA, Feb 19 (Reuters) - Brazil's political affairs minister Carlos Marun said on Monday that passage through Congress of a bill to overhaul the country's costly social security system has effectively been halted and would not be put to a vote.

companyNews reuters.com

UPDATE 2-Egyptian firm to buy $15 billion in Israeli natural gas

TEL AVIV, Feb 19 (Reuters) - An Egyptian company will buy $15 billion of Israeli natural gas in two 10-year agreements announced on Monday, marking a major export deal that Israel hopes will strengthen diplomatic ties.

companyNews reuters.com

CORRECTED-UPDATE 3-LyondellBasell doubles plastics business with $2.24 bln Schulman deal

Feb 15 (Reuters) - Chemicals maker LyondellBasell Industries NV said it will buy smaller rival A. Schulman Inc for $2.24 billion, doubling the size of its business that supplies plastic compounds to the packaging, electronics and building markets.

businessNews reuters.com

Russian magnate Deripaska to quit roles at his two biggest firms

MOSCOW (Reuters) - Russian billionaire Oleg Deripaska plans to step down as the president of the two companies he controls, aluminum giant Rusal and En+ Group , two sources familiar with the matter told Reuters.

cnn.com

Best photos from the British film awards

See photos from the 2018 BAFTA film awards. "Three Billboards Outside Ebbing, Missouri" won five statues.

cnn.com

She was charged $17,850 for a urine test

Urine testing for patients with chronic pain has grown explosively amid the opioid epidemic. It costs billions of dollars annually and has raised concerns that some labs and doctors run urine tests needlessly or charge exorbitant rates to boost profits.

companyNews reuters.com

Israel's energy minister says gas deal to boost Israel-Egypt ties

JERUSALEM, Feb 19 (Reuters) - Israeli Energy Minister Yuval Steinitz said on Monday that natural gas export deals worth $15 billion signed with Egypt will strengthen bilateral ties.

cnn.com

How biometrics is giving identities to 'invisible citizens'

Around the globe an estimated 1.1 billion people are unable to prove their identity. They have no official ID -- no passport, no birth certificate, no bank card -- and as a result they're unable to access basic services, such as healthcare.

businessNews reuters.com

Alibaba, Tencent rally troops amid $10 billion retail battle

SHANGHAI (Reuters) - China's tech giants Alibaba Group Holding Ltd and Tencent Holdings Ltd , worth a combined $1 trillion, are on a retail investment binge, forcing merchants to choose sides amid a battle for shoppers' digital wallets.

businessNews reuters.com

India's federal investigators close bank branch at heart of fraud

MUMBAI/NEW DELHI (Reuters) - Indian investigators closed down a branch of a state-run bank that is at the heart of a $1.77 billion fraud and questioned more of its employees as they probed the biggest scam in the country's banking history, police sources said on Monday.

businessNews reuters.com

India's federal investigator seals PNB branch at heart of fraud: state TV

NEW DELHI (Reuters) - India's federal police has sealed the Mumbai branch of Punjab National Bank at the center of a $1.77 billion loan fraud involving billionaire jeweler Nirav Modi, state television said on Monday.

Movies nytimes.com

Time’s Up Descends on Baftas as ‘Three Billboards’ Wins 5 Awards

“Three Billboards Outside Ebbing, Missouri” was celebrated at the ceremony, the British equivalent of the Oscars, as sexual harassment was roundly protested.

entertainmentNews reuters.com

'Three Billboards' leads the pack at politically edged BAFTA awards

LONDON (Reuters) - Dark comedy "Three Billboards Outside Ebbing, Missouri" was the biggest winner at the BAFTA Film Awards, held in London on Sunday, an event which saw the campaign for women's rights in the entertainment industry take center stage.

businessNews reuters.com

Eyes wide shut: the $1.8 billion Indian bank fraud that went unnoticed

By Krishna N. Das, Aditya Kalra, Devidutta Tripathy and Tom Lasseter

cnn.com

'Three Billboards' takes top BAFTA

Director Martin McDonagh's bleak drama about a mother's quest for answers about her daughter's murder struck a nerve with British Academy of Film and Television Arts voters.

Federal Budget (US) nytimes.com

Spending Bill Sets Path to Fix a Looming Pension Crisis

The sprawling agreement to boost government spending quietly included a step toward defusing what could be a financial time bomb for 1.5 million retirees.

companyNews reuters.com

BRIEF-Samsung Engineering wins $1.03 bln order to build oil refining plant

* Says awarded 1.1 trillion won ($1.03 billion) contract to build an oil refining plant in Oman

businessNews reuters.com

Jittery U.S. bond market braces for supply wave

NEW YORK (Reuters) - Bond investors, who have been on edge over signs of growing inflation and a possibly more aggressive Federal Reserve, will have their work cut out for them as the U.S. government seeks to sell $258 billion worth of debt this coming week.

cnn.com

Bill Gates says he should pay 'significantly higher' taxes

Microsoft founder and billionaire Bill Gates says he should pay more in taxes and that the government should require other superwealthy people like him to contribute "significantly higher" amounts.

businessNews reuters.com

Billion dollar diamond fraud case puts India's state banks in focus

By Krishna N. Das, Aditya Kalra, Devidutta Tripathy and Tom Lasseter

businessNews reuters.com

India's Reliance, global tech firms to invest $9.3 billion in industrial area

MUMBAI (Reuters) - India's Reliance Industries Ltd and global technology companies will invest 600 billion rupees ($9.34 billion) over 10 years to set up an integrated industrial area in the western state of Maharashtra, the company's chairman Mukesh Ambani said.

cnn.com

Bill Gates: I need to pay higher taxes

Microsoft founder Bill Gates says that even though he's paid over $10 billion in taxes, he believes he -- and other people of wealth -- should be required to pay higher taxes.

companyNews reuters.com

India's Reliance, global tech firms to invest $9.3 bln in industrial area

MUMBAI, Feb 18 (Reuters) - India's Reliance Industries Ltd and global technology companies will invest 600 billion rupees ($9.34 billion) over 10 years to set up an integrated industrial area in the western state of Maharashtra, the company's chairman Mukesh Ambani said.

businessNews reuters.com

Proxy advisory firm ISS says Qualcomm should negotiate sale to Broadcom

(Reuters) - U.S. semiconductor company Qualcomm Inc should try to negotiate a sale to Broadcom Ltd following the latter's sweetened $121 billion offer, proxy advisory firm Institutional Shareholder Services Inc (ISS) said.

businessNews reuters.com

Judge approves Takata's U.S. bankruptcy plan

WILMINGTON, Del. (Reuters) - Takata Corp's U.S. unit received court approval for its bankruptcy exit plan, a plaintiffs' law firm said on Saturday, clearing the way for a $1.6 billion sale of Takata assets and providing compensation for those injured by the company's deadly air bags.

healthNews reuters.com

Gilead wins reversal of $2.54 billion hepatitis C drug patent verdict

(Reuters) - A federal judge in Delaware has overturned a jury's verdict requiring Gilead Sciences Inc to pay a record $2.54 billion because its hepatitis C drugs Sovaldi and Harvoni infringed a patent held by rival Merck & Co Inc.

companyNews reuters.com

UPDATE 1-Gilead wins reversal of $2.54 bln hepatitis C drug patent verdict

Feb 17 (Reuters) - A federal judge in Delaware has overturned a jury's verdict requiring Gilead Sciences Inc to pay a record $2.54 billion because its hepatitis C drugs Sovaldi and Harvoni infringed a patent held by rival Merck & Co Inc.

businessNews reuters.com

Exclusive: Indian banks may take more than $3 billion hit from PNB fraud - tax department

NEW DELHI (Reuters) - Indian banks could take a hit of more than $3 billion from loans and corporate guarantees provided to diamond companies at the center of a massive alleged fraud at the state-run Punjab National Bank, the tax department has estimated.

topNews reuters.com

Turkey summons Dutch charge d'affaires over Armenian 'genocide' motions

ANKARA (Reuters) - Turkey summoned the Dutch charge d'affaires to Ankara on Saturday to express its unhappiness with a pair of proposed bills that would see the Netherlands recognize as genocide the 1915 killing of as many as 1.5 million Armenians.

companyNews reuters.com

Gilead wins reversal of $2.54 bln hepatitis C drug patent verdict

Feb 17 (Reuters) - A federal judge in Delaware has overturned a jury's verdict requiring Gilead Sciences Inc to pay a record $2.54 billion because its hepatitis C drugs Sovaldi and Harvoni infringed a patent held by rival Merck & Co Inc.

healthNews reuters.com

AstraZeneca's immunotherapy drug wins key lung cancer approval

LONDON (Reuters) - AstraZeneca's immunotherapy drug Imfinzi has won crucial approval from U.S. regulators for use in lung cancer, opening up a multibillion-dollar market for a medicine that has so far lagged behind competitors.

cnn.com

Bill Clinton wants to weigh in on whether to release sealed 1998 grand jury documents

Former President Bill Clinton told a federal court on Friday that he'd like to weigh in on whether sealed documents from his 1998 grand jury investigation should be released to the public.

businessNews reuters.com

Exclusive: GE exploring industrial gas engine business sale - sources

(Reuters) - General Electric Co is exploring a sale of its industrial gas engine business that could be worth as much as $2 billion, according to people familiar with the matter.

businessNews reuters.com

Qualcomm says open to more deal talks with Broadcom following meeting

(Reuters) - Qualcomm Inc on Friday called a meeting with Broadcom Ltd to discuss the latter's $121 billion bid constructive and opened the door to more talks, but continued to reject the proposed deal between the semiconductor companies.

technologyNews reuters.com

Malicious cyber activity cost U.S. up to $109 billion in 2016: White House report

WASHINGTON (Reuters) - Malicious cyber activity cost the U.S. economy between $57 billion and $109 billion in 2016, the White House Council of Economic Advisers estimated in a report on Friday.

businessNews reuters.com

GE faces shareholder lawsuit over insurance shortfall, SEC probe

NEW YORK (Reuters) - General Electric Co was sued on Friday by a shareholder who accused the conglomerate of concealing mounting insurance liabilities and a U.S. Securities and Exchange Commission probe, costing shareholders tens of billions of dollars.

companyNews reuters.com

UPDATE 1-GE faces shareholder lawsuit over insurance shortfall, SEC probe

NEW YORK, Feb 16 (Reuters) - General Electric Co was sued on Friday by a shareholder who accused the conglomerate of concealing mounting insurance liabilities and a U.S. Securities and Exchange Commission probe, costing shareholders tens of billions of dollars.

businessNews reuters.com

Takata has resolved most objections to its U.S. bankruptcy: lawyer

WILMINGTON, Del (Reuters) - A lawyer for Takata Corp's U.S. business, bankrupted by a recall of faulty air bags, indicated on Friday that the company is on the verge of receiving court approval for its reorganization and $1.6 billion sale of its non-air bag businesses.

companyNews reuters.com

Takata has resolved most objections to its U.S. bankruptcy -lawyer

WILMINGTON, Del, Feb 16 (Reuters) - A lawyer for Takata Corp's U.S. business, bankrupted by a recall of faulty air bags, indicated on Friday that the company is on the verge of receiving court approval for its reorganization and $1.6 billion sale of its non-air bag businesses.

environmentNews reuters.com

U.S. spending bill expands carbon tax credit, boosting oil producers

HOUSTON (Reuters) - A little-noticed addition to the U.S. budget deal approved last week will help Occidental Petroleum Corp and other oil producers by more than tripling a tax credit for injecting carbon dioxide back into the earth to increase crude output.

worldNews reuters.com

Hungary anti-immigration bill an 'assault on human rights': U.N.

GENEVA (Reuters) - The United Nations on Friday labeled an anti-immigration law proposed in Hungary an "assault on human rights" and urged its government to uphold the right of freedom of association.

domesticNews reuters.com

Britain's Balfour says joint venture bags $1.95 billion U.S. airport contract

(Reuters) - Britain's Balfour Beatty said on Friday its joint venture had won a $1.95 billion contract relating to building, financing and managing an airport transport system at Los Angeles International Airport (LAX) in the United States.

companyNews reuters.com

Britain's Balfour says joint venture bags $1.95 bln U.S. airport contract

Feb 16 (Reuters) - Britain's Balfour Beatty said on Friday its joint venture had won a $1.95 billion contract relating to building, financing and managing an airport transport system at Los Angeles International Airport (LAX) in the United States.

companyNews reuters.com

UPDATE 1-BHP Billiton to drill two new deepwater wells in Trion this year

MEXICO CITY, Feb 15 (Reuters) - Drilling of a new appraisal well and a separate exploration well in BHP Billiton deepwater Trion project will begin later this year, part of a plan approved by Mexican regulators on Thursday that also revised downward the project's estimated oil and gas resources.

cnn.com

What's next for DACA? 'Don't know'

Most everyone in Washington had three words after the Senate failed to pass any bill that would have resolved the status of millions of young undocumented immigrants on the verge of deportation:

cnn.com

Rebuffing Sessions, senators advance criminal justice reform bill

Senators of both parties on Thursday moved forward their long-odds legislation to enact some degree of reform for the federal criminal justice system.

cnn.com

Senators fume after immigration bill failure

It was supposed to be a raucous, week-long, open floor debate on immigration -- the President's signature issue and such a contentious topic that Democrats shut the government down over it just a month ago.

Homeland Security Department nytimes.com

Editorial: Trump Kills Compromise on Immigration

A bill would have saved the Dreamers and given him his wall. He’d rather play political games.

politicsNews reuters.com

Senate rejects immigration bills, leaves Dreamers in limbo

WASHINGTON (Reuters) - The U.S. Senate rejected a series of bills to protect "Dreamer" immigrants on Thursday, leaving in limbo the future of 1.8 million young adults brought to the United States illegally as children.

businessNews reuters.com

Kraft Heinz meets cost-cut target of $1.7 billion by 2017 end

(Reuters) - U.S. food and beverage company Kraft Heinz Co had achieved the target of cutting $1.7 billion in costs by the end of 2017, the company said in a presentation on Thursday.

companyNews reuters.com

BRIEF-Piper Jaffray Forms Middle-Market Debt Underwriting Vehicle

* PIPER JAFFRAY COMPANIES FORMS MIDDLE-MARKET DEBT UNDERWRITING VEHICLE WITH $1.0 BILLION OF EQUITY COMMITMENTS

businessNews reuters.com

Roche to buy Flatiron Health for $1.9 billion to expand cancer care portfolio

(Reuters) - Swiss drugmaker Roche Holding AG said on Thursday it would buy the rest of the privately held U.S. cancer data company Flatiron Health Inc for $1.9 billion to speed up development and delivery of breakthrough medicines for cancer patients.

politicsNews reuters.com

Senate rejects immigration bills after Trump veto threat

WASHINGTON (Reuters) - The U.S. Senate failed to advance any legislation to protect "Dreamer" immigrants on Thursday, falling short of the 60 votes needed to move forward on four proposals including one backed by President Donald Trump and two bipartisan measures.

businessNews reuters.com

Caterpillar expects no material impact of tax case on finances

(Reuters) - Caterpillar Inc said on Thursday it was vigorously contesting the $2.3 billion tax and penalties for certain years proposed by the U.S. Internal Revenue Service and that the case would not have a material impact on its finances and operations.

companyNews reuters.com

Seadrill close to restructuring deal with bondholders -sources

OSLO/WILMINGTON, Delaware, Feb 15 (Reuters) - Seadrill's main owner, billionaire John Fredriksen, is close to a deal with unsecured bondholders and South Korean shipyards on a restructuring plan for the rig operator, sources familiar with the talks said on Thursday.

businessNews reuters.com

U.S. watchdog to probe chairman's decisions in broadcast deal: Democrat

WASHINGTON (Reuters) - The Federal Communications Commission inspector general will investigate whether its chairman was biased in favor of Sinclair Broadcast Group Inc , which is seeking approval from the watchdog for a $3.9 billion acquisition of Tribune Media Co , a member of Congress said on Thursday.

businessNews reuters.com

Cohen's Point72 wants lawsuit over hostility to women sent to arbitration

NEW YORK (Reuters) - Billionaire investor Steven A. Cohen asked a U.S. judge to force a female executive to arbitrate her claims that his firm, Point72 Asset Management LP, maintains a hostile working environment where women are mistreated and paid less than men.

businessNews reuters.com

Thomson Reuters chair sought better terms for financial unit: WSJ

TORONTO (Reuters) - Thomson Reuters Corp Chairman David Thomson urged the company's board of directors to seek better terms for its $17 billion sale of a large chunk of its business to Blackstone Group LP , the Wall Street Journal reported on Thursday, citing people close to the deal.

politicsNews reuters.com

Republican lawmaker clashes with Sessions over sentencing reform bill

WASHINGTON (Reuters) - The top Republican lawmaker on the powerful U.S. Senate Judiciary Committee lashed out at fellow Republican Attorney General Jeff Sessions on Thursday, after Sessions slammed a bipartisan draft bill that would reduce prison sentences for nonviolent offenders.

companyNews reuters.com

UPDATE 1-LyondellBasell to double its plastics business with Schulman deal

Feb 15 (Reuters) - Petrochemicals company LyondellBasell Industries NV will buy plastic composites maker A. Schulman Inc for $1.24 billion, doubling the size of its plastics business.

businessNews reuters.com

Hedge fund Bridgewater makes $22 billion bet against European firms

LONDON/FRANKFURT/NEW YORK (Reuters) - Bridgewater has shown its hand in Europe with a $22 billion bet against some of the continent's biggest companies, filings reviewed by Reuters show, part of a bigger shift by the world's largest hedge fund manager.

healthNews reuters.com

Indivior bets on $1 billion anti-addiction shot as legal bill weighs

LONDON (Reuters) - Britain's Indivior is launching a new weapon to fight the U.S. opioid crisis this month, but high hopes for its once-monthly injection were offset on Thursday by the need to set aside more cash for legal disputes.