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worldNews reuters.com

Palestinian billionaire Masri released by Saudis; says they 'gave him all respect'

AMMAN (Reuters) - Sabih al Masri, a Palestinian billionaire and Jordan's most influential businessman, was released after several days of detention in Saudi Arabia, who he said gave him "all respect".

worldNews reuters.com

Palestinian billionaire Masri released by Saudis, to leave country soon, sources close to family say

AMMAN (Reuters) - Jordan's most influential businessman, the Palestinian billionaire Sabih al-Masri, returned to his home in Riydah after being detained by Saudi authorities and is expected to be allowed to leave the country soon, sources close to the family said on Sunday.

Sexual Harassment nytimes.com

Tax Bill Would Curb Breaks for Sexual Abuse Settlements

Companies will have to pay more in taxes if they use nondisclosure agreements, but experts say it isn’t likely to deter businesses from seeking confidentiality.

businessNews reuters.com

U.S. labor board adopts business-friendly 'micro union' test

(Reuters) - A U.S. labor agency on Friday made it tougher for workers to form so-called micro unions made up of small groups of a company's employees, reversing an Obama-era decision that had been sharply criticized by companies.

companyNews reuters.com

Odebrecht says dealings with Peru president were legitimate

LIMA, Dec 16 (Reuters) - Brazilian builder Odebrecht said Saturday that its recently-disclosed business ties to embattled Peruvian President Pedro Pablo Kuczynski were not part of the corrupt deals it struck with politicians that it has acknowledged to prosecutors.

companyNews reuters.com

UPDATE 3-Palestinian billionaire Masri detained in Saudi Arabia - sources

AMMAN, Dec 16 (Reuters) - Sabih al-Masri, Jordan's most influential businessman and the chairman of its largest lender Arab Bank, was detained in Saudi Arabia for questioning after a business trip to Riyadh, family sources and friends said on Saturday.

companyNews reuters.com

REFILE-UPDATE 2-Palestinian billionaire Masri detained in Saudi Arabia - sources

AMMAN, Dec 16 (Reuters) - Sabih al-Masri, Jordan's most influential businessman and the chairman of its largest lender Arab Bank, was detained in Saudi Arabia for questioning after a business trip to Riyadh, family sources and friends said on Saturday.

businessNews reuters.com

Metlife says it failed to pay some pensions, flags hit to reserves

NEW YORK (Reuters) - Metlife Inc failed to pay pensions to potentially tens of thousands of people and will have to strengthen its reserves because of the costs of finding and repaying them, the New York insurer said. Metlife said in a filing on Friday that it believed the group missing out on the payments represented less than 5 percent of about 600,000 people who receive benefits from the company via its retirement business. Those affected generally have average benefits of le

companyNews reuters.com

UPDATE 2-Palestinian billionaire Masri detained in Saudi Arabia - sources

AMMAN, Dec 16 (Reuters) - Sabih al-Masri, Jordan's most influential businessman and the chairman of its largest lender Arab Bank, was detained in Saudi Arabia for questioning after a business trip to Riyadh, family sources and friends said on Saturday.

worldNews reuters.com

Palestinian billionaire Masri detained in Saudi Arabia: sources

AMMAN (Reuters) - Sabih al-Masri, a Palestinian billionaire and the chairman of Jordan's largest lender Arab Bank, was detained in Saudi Arabia for questioning after a business trip to Riyadh, family sources and friends said on Saturday.

cnn.com

GOP plan leans heavily toward breaks for business while expanding -- temporarily -- some tax cuts for individuals

politicsNews reuters.com

Final Republican tax bill slashes U.S. corporate rate, voting next week

WASHINGTON (Reuters) - Congressional Republicans on Friday unveiled the final version of their dramatic U.S. tax overhaul - debt-financed cuts for businesses, the wealthy and some middle-class Americans - and picked up crucial support from two wavering senators ahead of planned votes by lawmakers early next week.

companyNews reuters.com

UPDATE 3-Unilever to sell spreads business to KKR for $8 billion

* Co to return cash to shareholders barring other M&A (Adds Breakingviews link)

politicsNews reuters.com

Final Republican tax bill slashes U.S. corporate rate: summary

WASHINGTON (Reuters) - Congressional Republicans' final tax legislation proposes cutting taxes as expected for businesses, the wealthy and some middle-class Americans, according to a summary seen by Reuters on Friday, with decisive votes expected next week in a critical moment for the party and President Donald Trump.

businessNews reuters.com

Leading U.S. antitrust senator urges hearing on Disney, Fox deal

WASHINGTON (Reuters) - Senator Amy Klobuchar, the top Democrat on the Senate antitrust panel, urged the subcommittee on Friday to hold a hearing on Walt Disney Co's plan to buy a number of Twenty-First Century Fox Inc businesses.

companyNews reuters.com

UPDATE 1-Leading U.S. antitrust senator urges hearing on Disney, Fox deal

WASHINGTON, Dec 15 (Reuters) - Senator Amy Klobuchar, the top Democrat on the Senate antitrust panel, urged the subcommittee on Friday to hold a hearing on Walt Disney Co's plan to buy a number of Twenty-First Century Fox Inc businesses.

PersonalFinance reuters.com

'Tiger Cub' Griffin shuts his Blue Ridge hedge fund after 21 years

BOSTON (Reuters) - John Griffin is shutting his $6 billion Blue Ridge Capital hedge fund after more than two decades, becoming the latest high profile investor to liquidate his business as industry...

companyNews reuters.com

UPDATE 1-Lockheed to partner with Aerion to develop supersonic business jet

WASHINGTON Dec 15 (Reuters) - Lockheed Martin Corp, the maker of the F-35 and F-22 fighter jets, is partnering with plane maker Aerion Corp to develop the world's first supersonic business jet.

businessNews reuters.com

Lockheed to partner with Aerion to develop supersonic business jet

(Reuters) - Lockheed Martin Corp , the maker of F-35 and F-22 fighter jets, is partnering with plane maker Aerion Corp to develop the world's first supersonic business jet.

businessNews reuters.com

Unilever to sell spreads business to KKR for $8 billion

(Reuters) - Unilever has agreed to sell its margarine and spreads business to U.S. private equity firm KKR for 6.83 billion euros ($8.04 billion) to concentrate on faster growing products.

companyNews reuters.com

UPDATE 2-Unilever to sell spreads business to KKR for $8 billion

* Co to return cash to shareholders barring other M&A (Updates with Unilever confirmation)

topNews reuters.com

Big U.S. banks engage universities to fill unglamorous banking jobs

(Reuters) - Banks are grappling with how to recruit young people into businesses like trade finance and cash management, which are increasingly important drivers of revenue but perceived to be un-sexy compared with investment banking and trading.

businessNews reuters.com

Unilever to sell margarine and spreads unit to KKR for $8 billion

LONDON (Reuters) - Unilever has agreed to sell its margarine and spreads business to KKR for 6.8 billion euros ($8 billion), it said on Friday, confirming an earlier report by Reuters saying the U.S. private equity fund had made it into exclusive talks to buy the shrinking business.

companyNews reuters.com

Unilever to sell margarine and spreads unit to KKR for $8 bln

LONDON, Dec 15 (Reuters) - Unilever has agreed to sell its margarine and spreads business to KKR for 6.8 billion euros ($8 billion), it said on Friday, confirming an earlier report by Reuters saying the U.S. private equity fund had made it into exclusive talks to buy the shrinking business. ($1 = 0.8498 euros) (Reporting by Martinne Geller; Editing by Susan Fenton)

companyNews reuters.com

U.S. internet rule change leaves major streaming companies unscathed for now

SAN FRANCISCO, Dec 15 (Reuters) - Behind your video stream of a hit like "Stranger Things" is a complicated array of technology and business relationships that will not change very much, at least in the short term, as a result of this week's repeal of U.S. regulations on internet traffic, industry insiders say.

businessNews reuters.com

Exclusive: KKR wins auction for Unilever's spreads business - sources

(Reuters) - Private equity firm KKR is in exclusive talks to buy Unilever's margarine and spreads business, people familiar with the matter said on Friday, in a deal expected to top $7 billion.

technologyNews reuters.com

SAP says one-off item to reduce 2017 tax bill

FRANKFURT (Reuters) - German business software group SAP SE said on Friday lowered the forecast for its expected effective tax rate in 2017 to reflect the impact of an intra-group transfer of intellectual property rights.

companyNews reuters.com

Daily Mail owner to liquidate U.S. business Xceligent​

LONDON, Dec 15 (Reuters) - Daily Mail and General Trust (DMGT), publisher of Britain's Daily Mail newspaper, has handed Xceligent, its struggling United States property information business, over to liquidators, it said on Friday.

technologyNews reuters.com

Uber Eats to offer couriers insurance in Europe

BRUSSELS (Reuters) - Uber's [UBER.UL] food-delivery business will begin offering an insurance package to its couriers in Europe, a move to address the conditions of "gig economy" workers.

companyNews reuters.com

BRIEF-BP To Invest $200 Mln In Lightsource Over 3 Years For 43 Pct Stake

* BP TO INVEST $200M IN LIGHTSOURCE OVER THREE YEARS FOR A 43% STAKE IN THE BUSINESS‍​

technologyNews reuters.com

Indonesia's Go-Jek acquires three companies to boost payment services

JAKARTA (Reuters) - Indonesia's Go-Jek has acquired three financial technology businesses, as it expands from ride-hailing and other mobile on-demand offerings into payments and other services.

companyNews reuters.com

Indonesia's Go-Jek acquires 3 companies to boost payment services

JAKARTA, Dec 15 (Reuters) - Indonesia's Go-Jek has acquired three financial technology businesses, as it expands from ride-hailing and other mobile on-demand offerings into payments and other services.

companyNews reuters.com

UPDATE 3-U.S. labor board overturns Obama-era 'joint employment' ruling

Dec 14 (Reuters) - A U.S. labor board on Thursday overturned an Obama-era ruling that had made it easier for unions and workers to hold companies accountable for practices of contractors and franchisees, a decision welcomed by business groups that could affect a major case against McDonald's Corp .

cnn.com

Opinion: Mom, Pop -- you're the losers in this tax plan

As the Republican tax plan continues to advance -- and morph -- with dizzying speed, those of us in the accounting business continue to be astonished by the thickening maze of loopholes emerging from the bill.

companyNews reuters.com

UPDATE 3-Oracle shares tumble as cloud outlook darkens

Dec 14 (Reuters) - Oracle Corp on Thursday forecast current-quarter cloud revenue growth that missed Street expectations after reporting disappointing second-quarter sales in the same business, sending its shares down nearly 7 percent after hours.

Federal Taxes (US) nytimes.com

Op-Ed Columnist: Republicans Despise the Working Class

Unless you own a business or live off assets, you’re a second-class citizen in their eyes.

companyNews reuters.com

UPDATE 2-U.S. labor board overturns Obama-era 'joint employment' ruling

Dec 14 (Reuters) - A U.S. labor board's newly minted Republican majority on Thursday overturned an Obama-era ruling that had irked business groups by making it easier for unions and workers to hold companies accountable for the practices of staffing agencies, contractors and franchisees with which they partner.

businessNews reuters.com

Ford to move autonomous vehicle business to Detroit

(Reuters) - Ford Motor Co said on Thursday it would relocate its autonomous and electric vehicle units to Detroit from Dearborn, Michigan.

businessNews reuters.com

Murdoch bets live sports and news will boost new, smaller Fox

NEW YORK (Reuters) - Rupert Murdoch is banking on Americans' love of live sports and breaking news for a new, slimmed down version of his Fox TV business after selling the company's film studios and international operations to Walt Disney Co .

healthNews reuters.com

Perrigo lines up bid for Merck's consumer health unit: sources

LONDON/FRANKFURT (Reuters) - Generic drugmaker Perrigo has decided to enter the fray for Merck KGaA's consumer health unit, sources told Reuters, and is preparing an indicative offer for the $4.7 billion business ahead of a deadline on Friday.

companyNews reuters.com

Trump supports deal for Disney to acquire Fox film, TV units -White House

WASHINGTON, Dec 14 (Reuters) - The White House said on Thursday that President Donald Trump backs the deal that Walt Disney Co has struck to buy film, television and international businesses from Rupert Murdoch's Twenty-First Century Fox Inc.

politicsNews reuters.com

U.S. tax bill to preserve key renewable energy credits, sources say

WASHINGTON (Reuters) - The final version of comprehensive tax legislation being negotiated by House and Senate lawmakers will preserve key renewable energy tax credits that were once at risk of being removed, congressional and business sources said on Thursday.

companyNews reuters.com

Perrigo preparing non-binding bid for Merck KgaA's consumer health unit -sources

LONDON/FRANKFURT, Dec 14 (Reuters) - U.S. drugmaker Perrigo has decided to enter the fray for Merck KgaA's consumer health unit, sources told Reuters on Thursday, and is preparing an indicative offer for the $4.7 billion business ahead of the Dec. 15 deadline.

businessNews reuters.com

Disney buying Fox film, TV units for $52 billion in digital push

(Reuters) - Walt Disney Co has struck a deal to buy film, television and international businesses from Rupert Murdoch's Twenty-First Century Fox Inc for $52.4 billion in stock, giving the world's largest entertainment company an arsenal of shows and movies to combat growing digital rivals Netflix Inc and Amazon.com Inc.

companyNews reuters.com

BRIEF-Jaguar Health ‍Enters Collaboration Agreement With SEED For Equilevia​

* JAGUAR HEALTH INC - ‍ENTERED COLLABORATION AGREEMENT WITH SEED MENA BUSINESSMEN SERVICES FOR EQUILEVIA​

technologyNews reuters.com

Malaysia issues draft regulations for crypto currency businesses

KUALA LUMPUR (Reuters) - Malaysia's central bank on Thursday said it had issued draft regulations for digital currency businesses, but said that such currencies were still not legal tender in the country.

companyNews reuters.com

BRIEF-Criteo SA - Provides An Update On Expected Impact Of Apple's ITP On Criteo's Projected 2018 Revenue

* CRITEO PROVIDES AN UPDATE ON ITS Q4 2017 OUTLOOK AND ON THE IMPACT ON ITS BUSINESS FROM APPLE'S ITP

businessNews reuters.com

Disney to buy Fox film, some TV businesses for $52 billion

(Reuters) - Walt Disney Co has struck a deal to buy film, television and international businesses from Rupert Murdoch's Twenty-First Century Fox Inc for $52.4 billion in stock as the world's largest entertainment company seeks even greater scale to combat growing digital rivals Netflix Inc and Amazon.com Inc.

companyNews reuters.com

BRIEF-Teva Announces Restructuring Plan And Measures To Improve Its Business And Financial Performance

* TEVA ANNOUNCES RESTRUCTURING PLAN AND ADDITIONAL MEASURES TO IMPROVE ITS BUSINESS AND FINANCIAL PERFORMANCE

companyNews reuters.com

BRIEF-Allena Pharma Reports Q3 Loss Per Share $3.49

* ALLENA PHARMACEUTICALS REPORTS THIRD QUARTER 2017 FINANCIAL RESULTS AND PROVIDES BUSINESS UPDATE

businessNews reuters.com

Disney to buy Fox film, TV businesses for $52 billion

(Reuters) - Walt Disney Co on Thursday agreed to buy film, TV and international assets from Rupert Murdoch's Twenty-First Century Fox Inc for $52.4 billion as Disney seeks greater scale to tackle growing competition from Netflix and Amazon.com.

businessNews reuters.com

Siemens CEO sees group as 'fleet of ships': Manager Magazin

MUNICH (Reuters) - Siemens' chief executive sees the German group as a "fleet of ships", each thriving under its own steam, but rejects the idea of separate listings for its core factory-automation and energy businesses, he told Manager Magazin.

companyNews reuters.com

BRIEF-BP says Consulting With Lawyers After Australian Watchdog Blocks Woolworths Deal

* ACKNOWLEDGES ANNOUNCEMENT BY AUSTRALIAN COMPETITION AND CONSUMER COMMISSION THAT IT INTENDS TO OPPOSE PROPOSED ACQUISITION OF WOOLWORTHS’ RETAIL FUEL BUSINESS

companyNews reuters.com

Britain's Bunzl sees 15 pct revenue growth on North America boost

Dec 14 (Reuters) - British business supplies distributor Bunzl Plc forecast an about 15 percent rise in full-year group revenue, helped by new business wins in North America.

environmentNews reuters.com

China's industrial heartland struggles in Beijing's fight against smog

SHIJIAZHUANG, China (Reuters) - Severe natural gas shortages are hitting businesses and residents across China's industrial heartland as an unprecedented government effort to clean up an environment devastated by decades of unbridled growth backfires.

businessNews reuters.com

Disney deal set to value Fox at more than $75 billion: source

(Reuters) - Walt Disney Co's deal to buy film, television and international businesses from Rupert Murdoch's Twenty-First Century Fox Inc will value the latter at over $40 per share, or $75 billion, a person familiar with the matter said.

companyNews reuters.com

UPDATE 1-Disney deal set to value Fox at more than $75 billion -source

Dec 13 (Reuters) - Walt Disney Co's deal to buy film, television and international businesses from Rupert Murdoch's Twenty-First Century Fox Inc will value the latter at over $40 per share, or $75 billion, a person familiar with the matter said.

companyNews reuters.com

BRIEF-Axe Exploration Says It Intends to Redirect Business To Cryptocurrency

* TO EVALUATE NEW BUSINESS OPPORTUNITIES, EVENTUALLY REDIRECT BUSINESS TO CRYPTOCURRENCY & BLOCKCHAIN Source text for Eikon: Further company coverage:

companyNews reuters.com

UPDATE 1-Dassault ends Falcon 5X jet program with Safran, turns to Pratt & Whitney

PARIS, Dec 13 (Reuters) - Dassault Aviation said on Wednesday that it would drop a contract with Safran for the development of a Falcon business jet engine and that it would launch a new project powered by U.S. rival engine maker Pratt & Whitney.

companyNews reuters.com

UPDATE 2-CIBC sees proportion of profits from U.S. doubling in 3 years

* U.S. growth driven by PrivateBancorp acquisition (Adds comment from CEO on Caribbean business, capital forecast)

companyNews reuters.com

Dassault Aviation to drop Silvercrest engine contract with Safran

PARIS, Dec 13 (Reuters) - Dassault Aviation said on Wednesday that it would drop a contract with Safran for the development of the Silvercrest business jet engine and that it would a launch a new project powered by U.S. airplane engine maker Pratt & Whitney.

companyNews reuters.com

MOVES-Citi promotes Davison in FIG reshuffle in EMEA

LONDON, Dec 13 (IFR) - Citigroup has promoted Piers Davison to co-head its financial institutions group in Europe, Middle East and Africa, as part of a raft of changes in the FIG business at its corporate and investment bank.

businessNews reuters.com

Novartis generics arm says may sell or end some products

ZURICH (Reuters) - Swiss drugmaker Novartis's Sandoz generics business is in the process of selling or closing some products in the United States, it said on Wednesday.

cnn.com

Batali shows the dark side of hospitality ideal

I've never been assaulted by Mario Batali, who stepped away from his restaurant business and ABC television show amid allegations of sexual misconduct this week. But I know someone who allegedly was.

worldNews reuters.com

South Korean firms flock to Beijing hoping summit will hasten thaw with China

SEOUL (Reuters) - Hoping a thaw in relations with China will reopen opportunities after a diplomatic spat earlier this year cost many of them business, some 300 South Korean executives joined President Moon Jae-in for the start of his four-day trip to China on Wednesday.

companyNews reuters.com

UPDATE 1-Debt-laden Carillion secures deal to sell part of UK healthcare unit

Dec 13 (Reuters) - Troubled British construction firm Carillion said on Wednesday it had reached a deal to sell a large part of its UK healthcare facilities management business to outsourcing group Serco, helping it cut its debt by 41.4 million pounds.

companyNews reuters.com

Debt-laden Carillion secures deal to sell part of UK healthcare unit

Dec 13 (Reuters) - Troubled British construction firm Carillion said on Wednesday it had reached a deal to sell a large part of its UK healthcare facilities management business to outsourcing group Serco for about 47.7 million pounds ($63.55 million).

companyNews reuters.com

PRESS DIGEST-New York Times business news - Dec 13

Dec 13 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

environmentNews reuters.com

Exxon deal aside, tough proxy season looms at U.S. energy firms

BOSTON/HOUSTON (Reuters) - Climate activists said on Tuesday they would take a tough shareholder resolution off the table at Exxon Mobil Corp after the company agreed to provide new details about how climate change could affect its business.

companyNews reuters.com

UPDATE 1-Exxon deal aside, tough proxy season looms at U.S. energy firms

BOSTON/HOUSTON, Dec 12 (Reuters) - Climate activists said on Tuesday they would take a tough shareholder resolution off the table at Exxon Mobil Corp after the company agreed to provide new details about how climate change could affect its business.

United Nations Framework Convention on Climate Change nytimes.com

Macron Holds a Climate Summit, and Trump Casts a Shadow

Leaders, businesspeople and investors from around the world gathered near Paris at the invitation of the French president, who warned “we are losing the battle” against climate change.

businessNews reuters.com

Uber picks new head for Indonesia business

JAKARTA (Reuters) - Uber Technologies Inc unveiled on Wednesday a new head of its Indonesian operations in a market where the online taxi company faces cutthroat competition, regulatory uncertainty and a reported U.S. probe into whether it broke bribery laws.

technologyNews reuters.com

Toshiba, Western Digital end chip dispute; joint investment to resume

(Reuters) - Toshiba Corp and its chip business partner Western Digital Corp agreed to settle a long-running dispute over the embattled Japanese conglomerate's plans to sell its chip unit, the companies said in a statement, removing a key obstacle to the deal.

companyNews reuters.com

UPDATE 1-Toshiba, Western Digital end chip dispute; joint investment to resume

Dec 13 (Reuters) - Toshiba Corp and its chip business partner Western Digital Corp agreed to settle a long-running dispute over the embattled Japanese conglomerate's plans to sell its chip unit, the companies said in a statement, removing a key obstacle to the deal.

companyNews reuters.com

BRIEF-Electromed Inc Says Renewed Its $2.5 Million Revolving Line Of Credit With Venture Bank

* ELECTROMED INC - ON DEC 12, CO RENEWED ITS $2.5 MILLION REVOLVING LINE OF CREDIT WITH VENTURE BANK PURSUANT TO RIDER TO BUSINESS LOAN AGREEMENT

companyNews reuters.com

Louis Dreyfus to sell Australian fertiliser unit to Agrium

PARIS/WINNIPEG, Dec 12 (Reuters) - Global commodity trader Louis Dreyfus Company has agreed to sell its fertiliser business to Canada's Agrium Inc. as it continues an overhaul in response to tough agricultural markets.

worldNews reuters.com

Bulgaria freezes assets of independent media publisher

SOFIA (Reuters) - Bulgaria has frozen assets and property and bank accounts belonging to businessman and media owner Ivo Prokopiev, who said the state was trying to silence the country's independent media.

companyNews reuters.com

BRIEF-Louis Dreyfus Company Sells Its Australian Fertilizers Business To Agrium

* SELLS ITS AUSTRALIAN FERTILIZERS AND INPUTS BUSINESS TO LANDMARK OPERATIONS LTD

cnn.com

How the tax bills could boost the Trump family

CNN's chief business correspondent Christine Romans reports on how the House and Senate tax bills could benefit the President, his family and his businesses.

environmentNews reuters.com

Brazil beefs up agribusiness governance after meatpacker scandal

BRASILIA (Reuters) - Brazil's Ministry of Agriculture launched a program on Tuesday to ensure farmers comply with anti-corruption, environmental and child labor laws, after a highly publicized meatpacking scandal raised doubts about the country's food products.

companyNews reuters.com

BRIEF-Alliance Data Systems Says Its Columbus, Ohio-Based Card Services Business To Launch Branded Credit Card For Guess? Inc

* ALLIANCE DATA SYSTEMS SAYS ITS COLUMBUS, OHIO-BASED CARD SERVICES BUSINESS TO LAUNCH NEW BRANDED CREDIT CARD FOR GUESS? INC - SEC FILING

entertainmentNews reuters.com

Major Cineworld investor 'uncomfortable' with debt for Regal deal

LONDON (Reuters) - One of the biggest shareholders in Cineworld has expressed concern about the company's $3.6 billion takeover of bigger U.S. rival Regal Entertainment, saying it is uncomfortable with the debt the British business will take on to finance the deal.

companyNews reuters.com

Saudi Aramco lifts spending plans to $414 bln over next decade

DAMMAM, Saudi Arabia, Dec 12 (Reuters) - Saudi Aramco plans to raise its spending to $414 billion over the next 10 years, including on infrastructure and drilling, as the state oil giant moves into new businesses, executives said.

companyNews reuters.com

CORRECTED-Vives de Montal leaves BAML

LONDON, Dec 11 (IFR) - Anthony Vives de Montal, a director in Bank of America Merrill Lynch's public sector financing business, has left the bank, according to sources.

companyNews reuters.com

Norway parties inclined to back fund's plan to slash oil exposure -report

OSLO, Dec 12 (Reuters) - Norway's $1 trillion sovereign wealth fund, the world's largest, will probably win backing from parliament for its proposal to cut most oil and gas stocks from its portfolio, business daily Dagens Naeringsliv reported on Tuesday.

companyNews reuters.com

Autoliv plans to move ahead with listing of electronics business

STOCKHOLM, Dec 12 (Reuters) - Sweden's Autoliv said on Tuesday it plans to move ahead with a listing of its electronics business, which makes radars, visions systems and driver assistance software.

technologyNews reuters.com

Rolls-Royce creates cross-business data unit to drive efficiency

LONDON (Reuters) - Rolls-Royce has created a data unit, named R2 Data Labs, that uses analytics, artificial intelligence and machine learning to improve efficiency across its civil and defense aerospace, marine, nuclear and power systems businesses.

companyNews reuters.com

BRIEF-Autoliv decides on spin-off of Electronics business, expects Q3 listing

* AUTOLIV CONCLUDES STRATEGIC REVIEW AND PREPARES FOR SPIN-OFF OF ITS ELECTRONICS SEGMENT

companyNews reuters.com

REFILE-Amazon's cloud unit expands in China, with new partner in Ningxia

BEIJING, Dec 12 (Reuters) - Amazon.com Inc said on Tuesday it was expanding its cloud computing business in China with a new local partner, aiming to win share in an increasingly crowded and highly regulated market.

technologyNews reuters.com

Amazon's cloud unit expands in China, with new partner in Ningxia

BEIJING (Reuters) - Amazon.com Inc said on Tuesday it was expanding its cloud computing business in China with a new local partner, aiming to win share in an increasingly crowded and highly regulated market.

entertainmentNews reuters.com

Saudi sovereign fund plans cinema venture with AMC Entertainment

DUBAI (Reuters) - Saudi Arabia's main sovereign wealth fund said it planned to enter the cinema business with major U.S.-based movie exhibition company AMC Entertainment Holdings, as the conservative kingdom lifts a 35-year-old ban on cinemas.

businessNews reuters.com

Exxon to provide details on climate-change impact to its business

(Reuters) - Exxon Mobil Corp on Monday said it would publish new details about how climate change could affect its business in a move aimed at appeasing critics and forestalling another proxy fight next year.

Labor and Jobs nytimes.com

Europe’s Thirst for Cheap Labor Fuels a Boom in Disposable Workers

Employment agencies across the region recruit thousands of migrants for Foxconn and other businesses, with conditions and pay that few in-country nationals would accept.

companyNews reuters.com

FS Investments moves lending platform from Blackstone to KKR

Dec 11 (Reuters) - Debt investment company FS Investment Corp and buyout firm KKR are pooling together more than $18 billion in private capital to invest in mid-sized businesses, in a push to do bigger deals which are out of reach for other alternative lenders.

United States Politics and Government nytimes.com

Several Women Repeat Accusations of Sexual Misconduct by Trump

The women said they hoped to be taken more seriously after a torrent of allegations that have toppled the careers of men in the news media, business and politics.

businessNews reuters.com

Zurich Insurance to buy ANZ's life insurance businesses for $2.14 billion

ZURICH (Reuters) - Zurich Insurance has agreed to buy ANZ's OnePath Life insurance businesses for 2.85 billion Australian dollars ($2.14 billion), the latest and largest foray by the Swiss company into the Australian market.

cnn.com

Women detail sexual allegations against Trump

A group of women who have publicly accused President Donald Trump of sexual harassment and assault will detail their accounts of being groped, fondled and forcibly kissed by the businessman-turned-politician at a news conference on Monday.

companyNews reuters.com

BRIEF-Archer Daniels Midland Reaches Agreement To Sell Bolivian Oilseeds Operations

* SAYS ‍UNTIL CLOSE OF DEAL, ADM WILL CONTINUE TO OPERATE ITS OILSEEDS BUSINESS IN BOLIVIA​

companyNews reuters.com

MOVES-Martinez Vives leaves BAML

LONDON, Dec 11 (IFR) - Anthony Martinez Vives, a director in Bank of America Merrill Lynch's public sector financing business, has left the bank, according to sources.

companyNews reuters.com

BRIEF-BNY Mellon Says ITS Treasury Services Business Launches New Tokenized Payments Service

* BANK OF NEW YORK MELLON - ITS TREASURY SERVICES BUSINESS HAS LAUNCHED NEW TOKENIZED PAYMENTS SERVICE Source text for Eikon: Further company coverage: