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Volkswagen to invest $27 billion in core brand until 2022

FRANKFURT (Reuters) - Volkswagen will invest 22.8 billion euros ($26.9 billion) in its main car brand over the next five years, it said on Saturday, a day after it announced a spending program aimed at bolstering its position as a maker of electric cars.

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UPDATE 2-SouthGobi Resources says CEO arrested in China

* Aminbuhe arrested on Oct. 11, detained in Rizhao - SouthGobi

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Freeport evacuating Indonesian mine worker families after shootings - sources

TIMIKA, Indonesia, Nov 18 (Reuters) - U.S. miner Freeport-McMoRan Inc is evacuating spouses and children of workers from its giant Indonesian copper mine after a string of shootings in the area raised security concerns, company sources said.

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CORRECTED-Shiekh Shoes owner says retailer seeks financing to avoid bankruptcy

NEW YORK, Nov 17 (Reuters) - U.S. sneaker seller Shiekh Shoes LLC is searching for financing to avoid bankruptcy, its owner Shiekh Ellahi said on Friday, as increasing online competition has caused major upheaval for brick-and-mortar retail chains.

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China Citic, Baidu launch direct bank in fintech push

BEIJING, Nov 18 (Reuters) - China Citic Bank Corp and search engine giant Baidu Inc launched on Saturday a direct banking joint venture, dubbed AiBank, to capitalise on China's rapidly growing fintech sector.

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Shiekh Shoes owner says retailer seeks financing to avoid bankruptcy

NEW YORK, Nov 17 (Reuters) - U.S. sneaker seller Shiekh Shoes LLC is searching for financing to avoid bankruptcy, its owner Shiekh Ellahi said on Friday, as increasing online competition has caused major upheaval for brick-and-mortar retail chains.

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Verizon close to announcing digital streaming deal with NFL: Bloomberg

(Reuters) - Verizon Communications Inc, no. 1 U.S. wireless carrier, is close to a new deal with the National Football League for digital streaming rights, Bloomberg reported, citing people familiar with the matter.

cnn.com

Kushner testified he did not recall any campaign WikiLeaks contact, source says

White House senior adviser Jared Kushner told congressional Russia investigators that he did not communicate with WikiLeaks and did not recall anyone on the Trump campaign who had, a source with knowledge of his testimony told CNN.

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Global banks flag concerns over U.S. Senate tax proposal

WASHINGTON, Nov 17 (Reuters) - Global banks raised concerns on Friday over a provision in the U.S. Senate tax bill aimed at cracking down on tax avoidance by multinational corporations that they said could hurt the banking industry.

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Business jets risk U.S. pilot shortage on competition from airlines

MONTREAL (Reuters) - Business jet operators, already offering double digit raises to attract pilots, could face a labor shortfall in North America as they compete with U.S. airlines for talent, executives and analysts said.

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UPDATE 5-Wells Fargo consumer lending head axed after disparaging regulators -source

NEW YORK/WASHINGTON Nov 17 (Reuters) - Wells Fargo & Co announced on Friday it fired its head of consumer lending, a move that people familiar with the matter said was because he disparaged a bank regulator to a fired employee.

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Affinion seeks to sell AD&D unit to cut debt -sources

Nov 17 (Reuters) - Affinion Group Holdings Inc, a U.S. provider of loyalty programs and insurance products, is exploring a sale of its accidental death and dismemberment (AD&D) business as it seeks to trim its debt pile, people familiar with the matter said on Friday.

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Nordic Capital, KKR vying for Sandvik's U.S. unit Hyperion -sources

Nov 17 (Reuters) - Buyout firms Nordic Capital and KKR & Co are competing to acquire Hyperion, a U.S. manufacturer of metal cutting and drilling equipment owned by Swedish engineering company Sandvik AB, according to people familiar with the matter.

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Despite Amazon, brick stores are not dead yet

NEW YORK (Reuters) - Just in time for the Black Friday kick-off to holiday season shopping, stock market investors have been handed tools to bet on the decline of brick-and-mortar retail.

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BRIEF-New Residential Investment says co, 3 units, Deutsche Bank National Trust, others amended series 2015-VF1 indenture supplement

* New Residential Investment says ‍on Nov 15, co, 3 units, Deutsche Bank National Trust, others amended series 2015-VF1 indenture supplement - SEC Filing

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Buyers circle suddenly attractive U.S. media companies

WASHINGTON (Reuters) - All of a sudden, it seems, everybody wants to own a U.S. media company.

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BRIEF-First Horizon and Capital Bank agree to sell 2 branches to Apex Bank

* First Horizon and Capital Bank agree to sell 2 branches to Apex Bank Source text for Eikon: Further company coverage:

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UPDATE 2-BlackBerry COO resigns to deal with family issues -source

TORONTO, Nov 17 (Reuters) - BlackBerry Ltd Chief Operating Officer Marty Beard has resigned from the Canadian software company, effective Dec. 1, to help family members deal with health issues, a person familiar with the plans told Reuters on Friday.

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Wall Street pulls back at week's end with tax changes mulled

NEW YORK (Reuters) - Wall Street ended the week on a sour note on Friday, with major indexes slipping modestly as investors weighed the fate of the Republicans' tax overhaul plan.

Art nytimes.com

Art Review: The Comedic Beauty of Laura Owens’s Work

At the Whitney, this artist’s superb midcareer survey and catalog highlight her art, life and times — and a world of possibility for painting.

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UPDATE 1-BlackBerry COO Beard resigns to deal with family health issues -source

TORONTO, Nov 17 (Reuters) - BlackBerry Ltd Chief Operating Officer Marty Beard has resigned from the Canadian software company, effective Dec. 1, to help family members deal with health issues, a person familiar with the plans told Reuters on Friday.

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BRIEF-GREEN PLAINS SAYS ‍ON NOV 16, UNIT ENTERED AMENDMENT TO CREDIT FACILITY LED BY BANK OF THE WEST

* GREEN PLAINS - ‍ON NOV 16, UNIT ENTERED AMENDMENT TO ITS SENIOR SECURED ASSET-BASED REVOLVING CREDIT FACILITY WITH GROUP OF LENDERS LED BY BANK OF THE WEST

PersonalFinance reuters.com

Wells Fargo consumer lending head axed after disparaging regulators: source

NEW YORK/WASHINGTON (Reuters) - Wells Fargo & Co fired Franklin Codel, its head of consumer lending, over a conversation he had with a former employee about compensation in which he disparaged U.S....

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UPDATE 4-Wells Fargo consumer lending head axed after disparaging regulators -source

NEW YORK/WASHINGTON Nov 17 (Reuters) - Wells Fargo & Co fired Franklin Codel, its head of consumer lending, over a conversation he had with a former employee about compensation in which he disparaged U.S. regulators, a person familiar with the matter said on Friday.

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BlackBerry COO Beard resigns to deal with family health issues -source

TORONTO, Nov 17 (Reuters) - BlackBerry Ltd Chief Operating Officer Marty Beard has resigned from the Canadian software company, effective Dec. 1, to help family members deal with health issues, a person familiar with the plans told Reuters on Friday.

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U.S. rejects Ford petition to delay recall of three million vehicles

WASHINGTON (Reuters) - The U.S. National Highway Traffic Safety Administration said on Friday it was rejecting a petition by Ford Motor Co to delay recall of about 3 million vehicles with potentially defective air bag inflators to conduct additional testing.

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Wall Street set to end week on whimper as tax changes mulled

NEW YORK (Reuters) - Wall Street was set to end the week on a muted note on Friday, with major indexes slipping modestly, as investors weighed the fate of the Republicans' tax cut plan.

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German watchdog drops inquiry into HNA, Qatar over Deutsche Bank -source

FRANKFURT, Nov 17 (Reuters) - Germany's financial watchdog will take no action after ending an investigation into whether China's HNA and Qatar's royal family were working together on their investments in Deutsche Bank, a person familiar with the matter said.

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Saudi Kingdom Holding plans to sell two hotels in Beirut - sources

Nov 17 (Reuters) - Saudi Arabian investment firm Kingdom Holding plans to sell its stakes in the Moevenpick Hotel and Four Seasons Hotel in Beirut, sources familiar with the matter said on Friday.

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Wall Street slips on worries over tax plan's progress

(Reuters) - Wall Street indexes were under pressure on Friday as investors were skeptical about the Republicans' efforts to pass the tax bill.

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Volkswagen accelerates push into electric cars with $40 billion spending plan

WOLFSBURG/HAMBURG (Reuters) - Volkswagen approved a 34 billion euro ($40 bln) spending plan on Friday that accelerates its efforts to become a global leader in electric cars.

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Tesla's unfettered ambition will drain finances: analysts

(Reuters) - Tesla Inc shares rose on Friday as analysts questioned how soon Chief Executive Elon Musk will have to ask creditors and shareholders for more capital to fund development of an electric semi truck, a new roadster and accelerated production of a high-volume electric sedan.

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Nearly 2,000 Siemens employees protest against job cuts

BERLIN (Reuters) - Siemens employees protested in various German cities on Friday against the company's proposal to cut 6,900 jobs, which a senior Siemens official said could be revised after negotiations with the union.

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Reuters poll: Major U.S. tax cuts not likely this year - economists

BENGALURU (Reuters) - U.S. Republicans are not expected to push major tax cuts through Congress this year, according to a majority of economists in a Reuters poll, who in any case were skeptical that the legislation would provide a significant boost to the economy.

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Apple pushes launch of HomePod smart speaker to early 2018

(Reuters) - Apple Inc has pushed the launch of its HomePod smart speaker to early next year from December, the company said on Friday.

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Wall Street slips on doubts about tax plan's progress

(Reuters) - Wall Street's main indexes were on track to post small weekly losses on Friday as investors were skeptical about the Republicans' efforts to pass the tax bill.

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Fox shares rise on signs of more takeover interest

(Reuters) - Twenty-First Century Fox Inc shares were up 3 percent in trading on Friday after sources said both Comcast Corp and Verizon Communications Inc were interested in buying parts of its studio and TV operations.

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Exclusive: Toshiba set to OK $5 billion injection Monday to stay listed-sources

TOKYO (Reuters) - Toshiba Corp will decide on Monday to raise some $5 billion from overseas investors, allowing the troubled conglomerate to remain a publicly traded company even if the sale of a key business is delayed, two people with direct knowledge of the process said.

healthNews reuters.com

Europe's drug industry waits for white smoke in Brussels

BRUSSELS (Reuters) - It may be a cross between the Eurovision Song Contest, a papal conclave and a social club raffle but a ballot among EU ministers on Monday could hurt Europe's pharmaceutical industry and the health of millions.

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Exclusive: Toshiba set to OK $5 billion injection on Monday to stay listed - sources

TOKYO (Reuters) - Toshiba Corp will decide on Monday to raise some $5 billion from overseas investors, allowing the troubled conglomerate remain a publicly traded company even if the sale of a key business is delayed, two people with direct knowledge of the process said.

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Broadcom closes $5.5 billion Brocade deal

(Reuters) - Broadcom Ltd said on Friday it closed its acquisition of network gear maker Brocade Communications Systems Inc, giving it a larger share of the data center products market.

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Wall St. slips as tech, financial stocks weigh

(Reuters) - Wall Street's main indexes drifted lower on Friday, weighed down by losses in financial and technology stocks.

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GE shares rise after CEO Flannery buys stock

(Reuters) - Shares of General Electric Co opened higher on Friday after Chief Executive John Flannery disclosed that he bought 60,000 shares of the industrial conglomerate's stock.

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S&P, Dow open lower as health, tech stocks weigh

(Reuters) - The Dow and the S&P 500 opened lower on Friday, led by losses in healthcare and technology stocks.

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Sports retail stocks jump after upbeat earnings

(Reuters) - Shares of sports retailers soared on better-than-expected earnings from Foot Locker Inc , Shoe Carnival Inc and Hibbett Sports Inc as the companies sold more premium shoes and cut stocks of low-margin ones.

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Broadcom completes Brocade acquisition

(Reuters) - Broadcom Ltd said on Friday it completed its $5.5 billion acquisition of network gear maker Brocade Communications Systems Inc.

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Sports retail stocks jump after upbeat reports

(Reuters) - Shares of sports retailers soared on Friday after Foot Locker Inc , Shoe Carnival Inc and Hibbett Sports Inc reported better-than-expected quarterly profits.

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Fox shares jump on signs of more takeover interest

(Reuters) - Twenty-First Century Fox Inc shares jumped 8 percent in premarket trading on Friday after sources said both Comcast Corp and Verizon Communications Inc were also interested in buying parts of its studio and TV operations.

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Volkswagen to spend over $40 billion on electric and self-driving cars

WOLFSBURG, Germany (Reuters) - Volkswagen's leaders on Friday approved a five-year spending plan that aims to further the German automaker's goal of transforming itself into a leading force in electric cars.

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BRIEF-Emerita Resources announces $3 mln private placement

* Emerita Resources Corp - ‍Announces $3 million private placement at a price per unit of $0.10​

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Tesla's unfettered ambition to strain finances but investors unfazed

(Reuters) - Investors shrugged off any concern over Tesla Inc over-stretching its production and financial resources with the unveiling of new futuristic semi-trucks and a pricey sports car, pushing its shares up almost 4 percent on Friday.

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U.S. probes 415,000 Volkswagen vehicles for air bag problems

(Reuters) - The U.S. National Highway Traffic Safety Administration said Friday it is opening an investigation into potential air bag failure in 415,000 Volkswagen vehicles after the German automaker issued a recall for the same issue in 2015.

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Exclusive: Germany's top banks step up efforts to offload toxic shipping debt

LONDON/FRANKFURT (Reuters) - Top national lenders Deutsche Bank <DBK Gn.DE> and Commerzbank are stepping up efforts to offload distressed shipping loans, finance sources said, as the German banking system grapples with $100 billion in toxic debt from the sector.

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UPDATE 2-BNP damps down Commerzbank tie-up talk, says just friends

* Cerberus has sparked talk of German bank mergers (Adds Cryan comments on banking consolidation)

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Fork talk lifts bitcoin to all-time high near $8,000

LONDON (Reuters) - Bitcoin hit an all-time high just below $8,000 on Friday, on talk that a software upgrade whose suspension sent the cryptocurrency into a tailspin at the end of last week was, after all, going ahead within hours.

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Wireless carriers on mute as Supreme Court hears big privacy case

WASHINGTON (Reuters) - The U.S. Supreme Court is set to consider a major cellphone privacy case later this month, but leading players in the wireless industry that is at the center of the closely watched dispute are keeping their distance.

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Analysts flee Wall Street with gallows humor as research changes loom

(Reuters) - Having covered financial stocks at big and small banks for more than two decades, David Hilder was accustomed to the ebb and flow of Wall Street job cuts and hiring sprees.

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BRIEF-‍Moody's concludes review and downgrades Omantel to Baa3, outlook stable​

* ‍Moody's concludes review and downgrades Omantel to Baa3; outlook stable​

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World stocks claw back losses but set for second weekly fall

LONDON (Reuters) - World stocks continued to claw back losses on Friday after spending much of the week in the red, boosted by signs of progress in U.S. tax reform and strong corporate results.

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Nissan cites staff shortage for improper tests, plans more inspectors

YOKOHAMA (Reuters) - Nissan Motor Co Ltd on Friday blamed a lack of trained staff for improper final inspections at its car plants in Japan for over 20 years, and said it would increase the number of inspectors as part of a plan to improve compliance.

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UPDATE 1-Ukraine lawmaker: several candidates for central bank chief

KIEV, Nov 17 (Reuters) - The acting governor of Ukraine's central bank, Yakiv Smoliy, and the head of Raiffeisen Bank's local unit are among candidates for the role of central bank governor, Interfax Ukraine quoted lawmaker Ihor Kononenko as saying on Friday.

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Saudi Arabia swapping assets for freedom of some held in graft purge: sources

(Reuters) - Saudi authorities are striking agreements with some of those detained in an anti-corruption crackdown, asking them to hand over assets and cash in return for their freedom, sources familiar with the matter said.

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Ford to invest over 750 million euros in Valencia plant

MADRID (Reuters) - U.S. car manufacturer Ford announced on Friday it would invest more than 750 million euros ($885 million) in its Spanish plant in the eastern region of Valencia to produce the new model of its Kuga SUV.

PersonalFinance reuters.com

China's central bank tightens guidelines on asset management products

BEIJING (Reuters) - China's central bank issued on Friday draft guidelines to tighten regulations on financial institutions' asset management business, a key component of the country's rampantly...

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Ukraine MP: acting governor in running for cbank chief - IFX Ukraine

KIEV, Nov 17 (Reuters) - The acting governor of Ukraine's central bank, Yakiv Smoliy, and the head of Raiffeisen bank's Ukrainian unit Volodymyr Lavrenchuk are being considered for the role of central bank governor, Interfax Ukraine reported lawmaker Ihor Kononenko as saying on Friday.

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Saudi Arabia striking deals with people detained in anti-graft purge: sources

(Reuters) - Saudi authorities are striking agreements with some of those detained in an anti-corruption crackdown, asking them to hand over assets and cash in return for their freedom, sources familiar with the matter said.

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Volkswagen board discusses 70 billion euro spending plan: source

FRANKFURT (Reuters) - Volkswagen's supervisory board is discussing a five-year spending plan totaling more than 70 billion euros ($82.5 billion) to further transform the group into a leader in electric cars, a person familiar with the talks told Reuters.

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China faces waste hangover after Singles' Day buying binge

SHANGHAI (Reuters) - China's Singles' Day online discount sales bonanza on Saturday saw bargain-hungry buyers spend over $38 billion, flooding the postal and courier businesses with around 331 million packages - and leaving an estimated 160,000 tonnes of packaging waste.

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Nissan blames staff shortage for improper tests, plans more inspectors

YOKOHAMA (Reuters) - Nissan Motor Co Ltd on Friday blamed a staff shortage for improper final inspections at its car plants in Japan for over 20 years, and said it would increase the number of trained staff as part of a plan to improve compliance.

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Japanese regulators raid Airbnb over suspected antitrust practices

TOKYO (Reuters) - Japanese fair trade regulators raided last month the offices of Airbnb Inc over suspected violations of antitrust laws, the home rental site said on Friday, denying any wrongdoing.

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BRIEF-Southgobi Resources H shares on trading halt pending announcement on chairman

* Trading in shares of co halted pending announcement on Aminbuhe, chairman of board of directors of company​ Source text for Eikon: Further company coverage:

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BRIEF-Southgobi Resources H shares on trading halt

* Trading in shares of co will be halted at 1:00 p.m​ on 17 nov Source text for Eikon: Further company coverage:

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Asian shares gain, Mueller report hits dollar

TOKYO (Reuters) - Asian shares clawed back most of their weekly loss after rising firmly on Friday as strong Wall Street earnings and a step forward on U.S. tax reform brightened the mood, though many hurdles remain to secure passage of a tax cut deal.

worldNews reuters.com

Turkey hunts 42 university staff in post-coup crackdown: source

ISTANBUL (Reuters) - Turkish police have launched operations to track down 42 university staff from Istanbul's Marmara University who are alleged to have links to last year's failed coup attempt, a police source said on Friday.

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GM's Cadillac expects China sales to jump 60 percent in 2017

GUANGZHOU/BEIJING (Reuters) - General Motors' Cadillac luxury brand expects its China sales to surge 60 percent in 2017, faster than it had projected at the start of the year, on strong demand from younger buyers, the brand's country chief said.

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Asian shares up on U.S. tax, earnings hopes; Mueller report hits dollar

TOKYO (Reuters) - Asian shares rose firmly on Friday as strong U.S. earnings and a step forward in Congress on U.S. tax reform brightened the mood, even though investors noted that many hurdles remain to passage of a deal on tax cuts.

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New $200,000 Tesla Roadster speeds in front of electric big-rig truck

HAWTHORNE, Calif. (Reuters) - Tesla Inc upstaged its own debut of an electric heavy duty truck when a red Roadster pulled out of the big rig's trailer and Chief Executive Elon Musk said the new $200,000 sports car would be the fastest production car ever.

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Daimler to invest $755 million in China for electric car, battery production: executive

GUANGZHOU/BEIJING (Reuters) - Germany's Daimler AG plans to invest 5 billion yuan ($755 million) in China for factory capacity to manufacture electric cars and the batteries that power them, part of an effort to help its Mercedes-Benz and Smart brands comply with the country's green car production and sales quotas.

businessNews reuters.com

Tesla unveils electric big-rig truck, sporty Roadster

HAWTHORNE, Calif. (Reuters) - Tesla Inc on Thursday unveiled a prototype electric big-rig truck that it will start producing in 2019, throwing itself into a new market even as it struggles to roll out an affordable sedan on which the company's future depends.

businessNews reuters.com

Tesla unveils electric big-rig truck in midst of Model 3 factory 'hell'

HAWTHORNE, Calif. (Reuters) - Tesla Inc on Thursday unveiled a prototype electric big-rig truck, throwing itself into a new market even as it struggles to roll out an affordable sedan on which the company's future depends.

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Nissan to brief on improper inspection issue at 0730 GMT

TOKYO (Reuters) - Nissan Motor Co Ltd said it would hold a news conference on Friday to provide an update on the investigation into improper final inspection procedures - an issue that has led to the recall of 1.2 million vehicles in Japan.

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Asian shares up on US tax, earnings hopes; Mueller report hits dollar

TOKYO (Reuters) - Asian shares rose firmly on Friday as strong U.S. earnings and a step forward in Congress on U.S. tax reform brightened the mood, even though investors noted that many hurdles remain to passage of a deal on tax cuts.

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Toshiba says not in talks to with any company over PC unit sale

TOKYO (Reuters) - Toshiba Corp said on Friday it had not entered into talks with any company to sell its personal computer business, denying media reports that it was in negotiations to sell the unit to Taiwan's Asustek Computer Inc.

topNews reuters.com

Comcast, Verizon approached Twenty-First Century Fox to buy some assets -sources

(Reuters) - Comcast Corp and Verizon Communications Inc have both expressed interest in acquiring a significant part of Rupert Murdoch's Twenty-First Century Fox Inc's assets, two people familiar with the situation told Reuters on Thursday.

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UPDATE 4-Comcast, Verizon approached Twenty-First Century Fox to buy some assets -sources

Nov 16 (Reuters) - Comcast Corp and Verizon Communications Inc have both expressed interest in acquiring a significant part of Rupert Murdoch's Twenty-First Century Fox Inc's assets, two people familiar with the situation told Reuters on Thursday.

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Toyota to consider selling locally-developed EVs in China

GUANGZHOU/BEIJING (Reuters) - Toyota Motor Corp will consider selling in China all-electric battery car models developed by its two local joint ventures, the automaker said on Friday in a press release.

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Nissan's Infiniti to start producing new SUV in China next year

BEIJING (Reuters) - Nissan Motor Co's premium brand Infiniti will start producing a new crossover SUV in China next year, using existing manufacturing capacity in the northeastern city of Dalian. 

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Gulf carriers may be in focus under foreign airline U.S. tax exemption cut

(Reuters) - A U.S. congressional proposal that would eliminate income tax exemptions for certain airlines could affect major Gulf carriers, potentially worsening an international spat between U.S. airlines and their Middle East rivals.

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Toshiba says not considering separate investment in chip unit by Bain group member

TOKYO (Reuters) - Toshiba Corp said on Friday it was not considering accepting any separate investment in its memory chip unit by a member of a Bain Capital-led consortium that has agreed to buy the prized business for $18 billion.

businessNews reuters.com

Asian shares gain as earnings, tax debate help U.S. stocks

TOKYO (Reuters) - Asian shares rose on Friday as strong U.S. earnings and a step forward in the U.S. Congress on tax reform brightened the mood, even though investors noted that many more hurdles must be passed to reach a final deal on tax cuts.

Stem Cells nytimes.com

F.D.A. Speeds Review of Gene Therapies, Vowing to Target Rogue Clinics

The agency plans to speed approval of treatments to get them to the market faster, signaling the quickened pace of advancements in this field.

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UPDATE 3-Comcast, Verizon approached Twenty-First Century Fox to buy some assets -sources

Nov 16 (Reuters) - Comcast Corp and Verizon Communications Inc have both expressed interest in acquiring a significant part of Twenty-First Century Fox Inc's assets, two people familiar with the situation told Reuters on Thursday.

businessNews reuters.com

Automaker Subaru sees $177 million in costs linked to inspection scandal

TOKYO (Reuters) - Subaru Corp said it was recalling 395,000 vehicles in Japan and that it expected to incur about 20 billion yen ($177 million) in costs related to improper final inspection procedures at domestic plants.

businessNews reuters.com

Comcast, Verizon approached Twenty-First Century Fox to buy some assets: sources

(Reuters) - Comcast Corp and Verizon Communications Inc have both approached Twenty-First Century Fox Inc to express interest in buying Fox assets that were the subject of recent talks between Fox and Walt Disney Co, two people familiar with the situation told Reuters on Thursday.

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Comcast approached Twenty-First Century Fox to buy some assets: source

(Reuters) - Comcast Corp has approached Twenty-First Century Fox Inc, expressing interest in the same assets that Walt Disney Co had approached Fox for recently, according to a person familiar with the matter.

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Toshiba in talks to sell PC operations to Asus: Nikkei‍​

(Reuters) - Japanese conglomerate Toshiba Corp has entered into negotiations to sell its personal computer operations to Taiwan's Asustek Computer Inc, the Nikkei reported on Friday.

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Soros, Cohen among big name investors betting on Argentine startups

BUENOS AIRES (Reuters) - The founder of mobile banking startup Uala, Pierpaolo Barbieri, says that just a few years ago big name investors would never have put their money in early stage companies like his in Argentina.Now, in what he says is a sign of changing times, the 30-year-old entrepreneur can count among his backers billionaire George Soros and Point72 Ventures LLC, funded by the family office of hedge fund magnate Steve Cohen.

businessNews reuters.com

Wall Street rallies powered by Cisco, Walmart; House tax vote supports

NEW YORK (Reuters) - Wall Street's main indexes rose sharply on Thursday boosted by earnings-related gains in Wal-Mart and Cisco, while a tax bill expected to boost corporate earnings passed its first, if smallest, hurdle.

businessNews reuters.com

Jetmakers end Dubai rollercoaster with big orders pending

DUBAI (Reuters) - It started with a deal that never was and ended with the mother of all air show announcements - this week's Dubai Airshow saw little in the way of firm new business, but reminded observers the rivalry between two global giants is as fierce as ever.

businessNews reuters.com

Barnes & Noble says investor's plan to take it private not 'bona fide'

(Reuters) - Barnes & Noble Inc said on Thursday a deal proposed by an activist investor to take the bookstore chain private was not "bona fide" as its chairman and founder, Leonard Riggio, would not participate and raising the required funds was highly unlikely.

technologyNews reuters.com

Traditional banks should help govern fintech: Fed's Brainard

WASHINGTON (Reuters) - Traditional lenders should demand that online financial companies protect consumer privacy and money interests, Federal Reserve Governor Lael Brainard said on Thursday.

businessNews reuters.com

Wall Street gains powered by Cisco, Walmart; tax passage supports

NEW YORK (Reuters) - Wall Street's main indexes rose sharply on Thursday boosted by earnings-related gains in Wal-Mart and Cisco, while a tax bill expected to boost corporate earnings passed its first - if smallest - hurdle.

businessNews reuters.com

FCC approves TV technology that gives better pictures but less privacy

WASHINGTON (Reuters) - The U.S. Federal Communications Commission voted 3-2 on Thursday to allow broadcasters to voluntarily use a new technology to improve picture quality and allow better reception on mobile phones and give advertisers dramatically more data about viewing habits.

Taxation nytimes.com

On Campus: The House Just Voted to Bankrupt Graduate Students

Our tax burden could increase by tens of thousands of dollars, based on money we don’t even make.

Theater nytimes.com

Review: A Brief ‘Brigadoon’ That’s Almost Like Falling in Love

City Center’s gorgeous revival of the Lerner & Loewe musical, staged by Christopher Wheeldon and starring Kelli O’Hara, disappears after Sunday.

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Meredith approaches Time again with Koch brothers backing: source

(Reuters) - Meredith Corp is in talks again to buy Time Inc in a potential deal backed by billionaire brothers Charles Koch and David Koch, a source familiar with the situation told Reuters on Thursday.

Jim & Andy: The Great Beyond -- Featuring a Very Special, Contractually Obligated Mention of Tony Clifton (Movie) nytimes.com

Review: ‘Jim & Andy,’ When Carrey Became Kaufman

In his documentary about Jim Carrey, Andy Kaufman and the making of “Man on the Moon,” the director Chris Smith finds multiple realities and laughs.

businessNews reuters.com

U.S. airlines sharply cut involuntary passenger bumping: DOT

WASHINGTON (Reuters) - Major U.S. airlines are bumping far fewer passengers from overbooked flights after a high-profile incident in April prompted the industry to reassess its practices, the U.S. Department of Transportation (DOT) reported on Thursday.

businessNews reuters.com

Cobalt hedging not mining the route for VW in EV drive, official says

BERLIN (Reuters) - Volkswagen is not looking to secure long-term supplies of cobalt, a key ingredient of electric-car batteries, by investing in mines, a senior official at the automaker said.

businessNews reuters.com

Volkswagen taps Brazil growth with new model to challenge Fiat, GM

BERLIN (Reuters) - Volkswagen launched its new Virtus model on Thursday to tap Brazil's highest-volume segment as part of a recovery plan that analysts said will help it regain ground on rivals General Motors and Fiat in South America's largest car market.

technologyNews reuters.com

ECB's Nowotny says central banks considering cryptocurrency regulation

FLORENCE, Italy (Reuters) - European Central Bank governing council member Ewald Nowotny said on Thursday that legislators and central bankers are discussing whether they should intervene to regulate cryptocurrencies as China already has done.

PersonalFinance reuters.com

Ex-banker Otting confirmed as U.S. Comptroller of the Currency

WASHINGTON (Reuters) - A former banking executive and associate of U.S. Treasury Secretary Steve Mnuchin was confirmed by the Senate on Thursday to be U.S. Comptroller of the Currency, serving as the...

businessNews reuters.com

Ex-Trump lawyer to defend AT&T-Time Warner merger

WASHINGTON (Reuters) - AT&T Inc said it had hired media lawyer Daniel Petrocelli, whose clients have included U.S. President Donald Trump, to defend its acquisition of media and entertainment company Time Warner Inc if the government sues to block the deal.

businessNews reuters.com

Wal-Mart, tech stocks lead Wall Street gains

(Reuters) - Wall Street's main indexes marched higher on Thursday, driven by gains in Wal-Mart and technology shares, while investors awaited a vote on the Republican tax bill.

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Joseph Otting, former banker, confirmed as U.S. Comptroller of the Currency

WASHINGTON, Nov 16 (Reuters) - Joseph Otting, a former banking executive and associate of Treasury Secretary Steve Mnuchin, will serve as a leading regulator for Wall Street after a Senate vote on Thursday.

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World Bank's US$2bn 10-year is "spot on"

LONDON, Nov 16 (IFR) - The World Bank capitalised on a small rise in US Treasury yields to bring a US$2bn 10-year, taking advantage of one of the last windows for the year ahead of the expected Fed hike next month.

businessNews reuters.com

Siemens to cut 6,900 jobs to tackle flailing turbines business

FRANKFURT (Reuters) - Siemens will cut about 6,900 jobs, or close to 2 percent of its global workforce, mainly at its power and gas division, which has been hit by the rapid growth of renewables.

Movies nytimes.com

Review: ‘Mudbound’ Is a Racial Epic Tuned to Black Lives, and White Guilt

Dee Rees’s new film illuminates the daily cruelties in post-World War II Mississippi.

businessNews reuters.com

Wal-Mart shares jump on strong U.S. sales growth

CHICAGO (Reuters) - Wal-Mart Stores Inc reported better-than-expected U.S. comparable sales on Thursday, as customers stocked up on food and other supplies ahead of hurricanes and online purchases soared, sending its shares up more than 8.5 percent.

businessNews reuters.com

AT&T hires ex-Trump lawyer to defend possible Time Warner deal lawsuit

WASHINGTON (Reuters) - AT&T said on Thursday it had hired prominent media lawyer Daniel Petrocelli to serve as lead trial counsel if the U.S. Justice Department files a lawsuit to block the No. 2 U.S. wireless company's acquisition of media and entertainment company Time Warner .

businessNews reuters.com

Viacom expects distributor revenue to drop in 2018; shares sink

(Reuters) - Viacom Inc , owner of MTV and Comedy Central, said Thursday it expects lower revenue from cable and satellite companies in 2018, a forecast that sent its shares down almost 10 percent in morning trading.

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BRIEF-MDU RESOURCES INCREASES QUARTERLY COMMON STOCK DIVIDEND TO 19.75 CENTS/SHARE

* ‍INCREASED CO'S QUARTERLY COMMON STOCK DIVIDEND TO 19.75 CENTS PER SHARE; PREVIOUS QUARTERLY DIVIDEND WAS 19.25 CENTS/SHARE​ Source text for Eikon: Further company coverage:

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Late arrival of iPhone X clouds Best Buy's results

(Reuters) - Best Buy Co Inc took a $100 million hit in the third quarter from the late launch of the iPhone X and gave a profit forecast for the holiday period that fell short of analysts' estimates, as it competes in a brutal U.S. retail market.

oddlyEnoughNews reuters.com

'No cash, Carney?' Bank of England Governor unable to find wallet

LIVERPOOL, England (Reuters) - Bank of England Governor Mark Carney appeared unable to find his wallet on Thursday while attending a central bank event to promote public understanding of economics.

businessNews reuters.com

Gains in Wal-Mart, Cisco lift Wall Street

(Reuters) - The S&P 500 index recovered from its worst two-day fall since August on Thursday after Wal-Mart and Cisco shares soared on strong results.

technologyNews reuters.com

Swiss bank to launch bitcoin futures to allow betting against cryptocurrency

ZURICH (Reuters) - Swiss bank Vontobel said it will start trading Switzerland's first two mini futures to short bitcoin on Friday, giving investors a tool to bet against the value of the volatile cryptocurrency or to hedge bitcoin positions.

businessNews reuters.com

Siemens to cut 6,900 jobs across its energy businesses

FRANKFURT (Reuters) - Siemens plans to cut about 6,900 jobs across its businesses supplying the power generation and oil and gas industries, which have been hit by the rapid growth of renewable energy.

cnn.com

Bankrupt Toys "R" Us wants to pay $16 million in executive bonuses

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IBM urged to avoid working on 'extreme vetting' of U.S. immigrants

WASHINGTON (Reuters) - A coalition of rights groups launched an online petition on Thursday urging IBM Corp to declare that it will not develop technology to help the Trump administration carry out a proposal to identify people for visa denial and deportation from the United States.

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Wal-Mart sales growth bucks trend in retail sector, shares jump

CHICAGO (Reuters) - Wal-Mart Stores Inc reported better-than-expected U.S. comparable sales on Thursday, as customers stocked up on food and building materials ahead of hurricanes and online purchases soared, sending its shares up more than 7 percent.

businessNews reuters.com

Wall Street recovers on strong Wal-Mart, Cisco earnings

(Reuters) - U.S. stock indexes recovered from two days of losses on Thursday after technology stocks got a boost from Cisco results and Wal-Mart soared to a record high.

businessNews reuters.com

Hong Kong IPO surge challenges New York in battle for China listings

HONG KONG (Reuters) - It's not often Hong Kong can boast hotter initial public offerings than New York, but some recent deals and a potential pipeline of big Chinese tech floats suggest a shift in the balance between the two fundraising rivals.

businessNews reuters.com

Viacom expects affiliate sales to drop in 2018; shares sink

(Reuters) - Viacom Inc , owner of MTV, Comedy Central and Paramount, said Thursday it expects high single-digit declines in revenue from U.S. cable TV operators and online distributors in the first half of 2018, sending its shares down 8 percent.

businessNews reuters.com

Siemens says to cut about 6,900 jobs

FRANKFURT (Reuters) - Siemens plans to cut about 6,900 job in its turbines division, including related services and in large drives, the Munich-based industrial group said on Thursday.

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BRIEF-Optima Specialty Steel emerges from bankruptcy, appoints CEO

* Optima Specialty Steel Inc completes financial restructuring and emerges from bankruptcy

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CANADA STOCKS-TSX ticks higher as banks gain, energy stocks weigh

TORONTO, Nov 16 (Reuters) - Canada's main stock index ticked higher in early trade on Thursday, helped by gains among its biggest banking stocks while energy companies weighed.

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BRIEF-Newstrike Resources discusses business combination with CanniMed

* Newstrike Resources says it previously entered exclusivity agreement, is in discussions with CanniMed regarding potential business combination transaction​

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Wal-Mart third-quarter sales boosted by hurricanes, online; shares jump

CHICAGO (Reuters) - Wal-Mart Stores Inc , the world's largest retailer, reported better-than-expected quarterly sales at established U.S. stores on Thursday, boosted by hurricane-related purchases and soaring online sales, sending its shares up 4.4 percent.

businessNews reuters.com

Viacom beats revenue estimates despite distribution headwinds

(Reuters) - Viacom Inc , owner of MTV, Comedy Central and Paramount, reported mixed quarterly results Thursday as higher-than-expected revenue in its film unit and improved domestic ad sales offset lower revenue from U.S. cable TV operators and online distributors.

topNews reuters.com

Zimbabwe's Mugabe resisting army pressure to quit, sources say

HARARE (Reuters) - President Robert Mugabe is insisting he remains Zimbabwe's only legitimate ruler and balking at mediation by a Catholic priest to allow the 93-year-old former guerrilla a graceful exit after a military coup, sources said on Thursday.

businessNews reuters.com

Rights groups pressure IBM to renounce interest in Trump's 'extreme vetting'

WASHINGTON (Reuters) - A coalition of rights groups launched an online petition on Thursday urging IBM Corp to renounce a Trump administration proposal to use technology to identify people for visa denial and deportation from the United States.

businessNews reuters.com

Best Buy falls short with holiday profit forecast

(Reuters) - Best Buy Co Inc reported disappointing third-quarter results on Thursday and forecast holiday-quarter profit below Wall Street estimates as it cut prices to match those offered by rivals including Amazon.com Inc .

businessNews reuters.com

Emerson sweetens bid for Rockwell Automation to $29 billion

(Reuters) - Emerson Electric Co boosted its offer to buy Rockwell Automation Inc to about $29 billion, after the smaller rival rebuffed a $27.6 billion bid last month saying it undervalued the company.

businessNews reuters.com

Wal-Mart reports better-than-expected third-quarter sales, shares jump

CHICAGO (Reuters) - Wal-Mart Stores Inc , the world's largest retailer, reported better-than-expected quarterly sales at established U.S. stores on Thursday, boosted by hurricane-related purchases and soaring online sales, sending its shares up 3.5 percent.

businessNews reuters.com

Best Buy's holiday-quarter profit forecast misses Street view

(Reuters) - Best Buy Co Inc reported on Thursday disappointing third-quarter results and forecast holiday-quarter profit below Wall Street's estimates as the company cuts prices to match those offered by rivals such as Amazon.com Inc .

businessNews reuters.com

Tesla to unveil electric big-rig truck in midst of Model 3 factory 'hell'

SAN FRANCISCO (Reuters) - Tesla Inc on Thursday will unveil a prototype electric big-rig truck, which may be able to drive itself, throwing the company into a new market even as it struggles to roll out an affordable sedan which is central to the company's future.

businessNews reuters.com

T-Mobile US to propose significant share buyback

BARCELONA (Reuters) - T-Mobile US will propose a "significant" share buyback that could start in December, CFO Braxton Carter said on Thursday, a sign that the third biggest carrier in the United States is confident in its outlook after the collapse of a merger with Sprint Corp.

companyNews reuters.com

Fire hits Freeport Indonesia port facility in Papua - company sources

TIMIKA, Indonesia, Nov 16 (Reuters) - A fire has broken out at the main port used by copper miner Freeport-McMoRan Inc in Papua, Indonesia, on Thursday night, company sources said.

companyNews reuters.com

BRIEF-Bridge Bancorp says State Charter approved Bridgehampton National Bank to become BNB Bank

* Bridge Bancorp Inc - ‍approval of application filed by Bridgehampton National Bank with New York State Department of Financial Services

businessNews reuters.com

Uber's London license appeal could take years: Mayor Khan

LONDON (Reuters) - Uber's [UBER.UL] appeal process against a decision by London's transport regulator to strip the taxi app of its operating license in the British capital could take years, the Mayor of London Sadiq Khan said on Thursday.

businessNews reuters.com

T-Mobile US to propose significant share buyback: CFO

BARCELONA (Reuters) - U.S. No.3 carrier T-Mobile US will propose a "significant" share buyback that could start in December, finance chief Braxton Carter said on Thursday, a sign of confidence after the collapse of its merger with Sprint Corp.

businessNews reuters.com

Kazakh airline SCAT orders six Boeing jets

DUBAI (Reuters) - Boeing signed a deal at the Dubai Airshow on Thursday to sell six Boeing 737 MAX 8 passenger jets to SCAT Airlines of Kazakhstan, a person close to the discussions said.

companyNews reuters.com

UPDATE 2-Austrian bank BAWAG has record quarter, sticks to M&A plans

* Shares have slid since IPO despite robust growth (Adds CEO comment, share price)

businessNews reuters.com

T-Mobile to roll out U.S. 5G network by 2020

BARCELONA (Reuters) - T-Mobile US, the third-largest U.S. mobile operator, will roll out its fifth-generation network across the United States by 2020, Chief Technology Officer Neville Ray said on Thursday.

businessNews reuters.com

Europe's longest stocks sell-off of the year abates

LONDON (Reuters) - Investors tentatively returned to world stock markets on Thursday, looking for bargains after Europe's longest losing streak of the year and the worst run since March for the top global indices.

companyNews reuters.com

GLOBAL MARKETS-Europe's longest stocks sell-off of the year abates

* Nikkei rallies on bargain-hunting after 6-day losing streak

businessNews reuters.com

Few banks seen queuing for China's red carpet invite

HONG KONG (Reuters) - China stunned the finance world last week when it unveiled plans to allow foreign control of its financial institutions. Few bankers thought their long-held dream of better access to the world's largest banking market was within reach.

businessNews reuters.com

Oil steady as expected output curbs balance U.S. supply

LONDON (Reuters) - Oil markets stabilized on Thursday as expectations that OPEC would extend production limits balanced rising U.S. crude production and inventories.

companyNews reuters.com

China's banking regulator plans to tighten shareholder rules

BEIJING/SHANGHAI, Nov 16 (Reuters) - China's banking regulator on Thursday published draft rules that increase scrutiny over the relationship between commercial lenders and their shareholders, the latest in a slew of measures taken by Beijing to bolster supervision of its financial system.

topNews reuters.com

Lebanon's Hariri to fly to Paris within 48 hours: source close to Hariri

BEIRUT (Reuters) - Lebanon's Saad al-Hariri is expected to leave Saudi Arabia for France within 48 hours, before flying home to Beirut to officially submit his resignation as Lebanese prime minister, a source close to Hariri told Reuters on Thursday.

topNews reuters.com

Zimbabwe's Mugabe resisting army pressure to quit: senior source

HARARE (Reuters) - President Robert Mugabe is insisting he remains Zimbabwe's only legitimate ruler, an intelligence source said on Thursday, and is resisting mediation by a Catholic priest to allow the 93-year-old former guerrilla a graceful exit after a military coup.

companyNews reuters.com

UPDATE 1-Austrian bank BAWAG reports record third-quarter profit

VIENNA, Nov 16 (Reuters) - Austria's BAWAG, the former trade union bank owned by U.S. private equity firm Cerberus until its listing last month, posted its highest ever third-quarter pretax profit on Thursday, driven mainly by higher core revenues.

companyNews reuters.com

UPDATE 1-Georgia's TBC Bank Q3 profit up 29 pct, buoyed by strong lending

Nov 16 (Reuters) - TBC Bank Group Plc, Georgia's largest retail bank, reported a 29 percent jump in third-quarter underlying net profit, buoyed by robust lending, and maintained its medium-term return-on-equity (ROE) target.

businessNews reuters.com

Oil edges up as expected extension of OPEC cuts counters rising U.S. supplies

SINGAPORE (Reuters) - Oil markets edged up on Thursday as expectations that OPEC will extend production cuts at a meeting at the end of this month outweighed rising U.S. crude production and inventories.

companyNews reuters.com

Georgia's TBC Bank Q3 profit up 29 pct, buoyed by strong lending

Nov 16 (Reuters) - TBC Bank Group Plc, Georgia's largest retail bank, reported a 29 percent jump in third-quarter underlying net profit, buoyed by robust lending, and maintained its medium-term return-on-equity target.

businessNews reuters.com

Asia shares gain despite Wall St. weakness, dollar edges higher

TOKYO/SYDNEY (Reuters) - Asian shares shrugged off Wall Street losses and a lackluster start to rally on Thursday, while the dollar edged up as investors priced in more U.S. rate hikes after upbeat economic data.

companyNews reuters.com

Austrian bank BAWAG reports record Q3 pretax profit

VIENNA, Nov 16 (Reuters) - Austria's BAWAG, the former trade union bank that was majority-owned by U.S. private equity firm Cerberus until its listing last month, posted its highest ever third-quarter pretax profit on Thursday, driven mainly by higher core revenues.

companyNews reuters.com

UPDATE 1-SoftBank to invest up to $25 bln in Saudi Arabia -Bloomberg

* SoftBank to pump in up to $15 bln in NEOM high-tech city - BBG

companyNews reuters.com

Nikkei ends 6-day losing streak; SoftBank, Shiseido gain

TOKYO, Nov 16 (Reuters) - Japan's Nikkei share average rose on Thursday, as buyers stepped back in for bargains following six straight days of losses, with SoftBank gaining after a report that it plans to invest as much as $25 billion in Saudi Arabia.

businessNews reuters.com

Asia shares gain despite Wall St. slip, dollar edges higher

TOKYO/SYDNEY (Reuters) - Asian shares shrugged off a lackluster start and pushed higher, while the dollar edged up as investors priced in more U.S. rate hikes after upbeat economic data.

businessNews reuters.com

Oil stable as OPEC cuts counter rising U.S. supplies

SINGAPORE (Reuters) - Oil markets were stable on Thursday as rising U.S. crude production and inventories were countered by expectations that OPEC will extend an ongoing production cut during a meeting at the end of this month.

businessNews reuters.com

Volkswagen Group earmarking $11.8 billion to develop, build China electric cars

GUANGZHOU/BEIJING (Reuters) - Volkswagen Group plans to spend 10 billion euros ($11.8 billion) by 2025 to develop and manufacture so-called new-energy vehicles (NEVs), the group's China chief Jochem Heizmann told Reuters on Thursday.

businessNews reuters.com

Meredith, Time Inc restart deal talks with Koch brothers' support: NYT

(Reuters) - Time Inc is in talks with Meredith Corp again to sell itself in a potential deal backed by billionaire brothers Charles Koch and David Koch, the New York Times reported.

businessNews reuters.com

Mark Cuban says tax rates have almost no impact on investment

NEW YORK (Reuters) - Billionaire entrepreneur and potential presidential candidate Mark Cuban said on Wednesday that a cut in the U.S. corporate tax rate would have little to no effect on his investment decisions.

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BRIEF-Koch brothers said to back Time Inc deal talks with Meredith- NYT, citing sources‍​

* Koch brothers said to back time inc deal talks with meredith - NYT, citing sources‍​ Source text : http://nyti.ms/2iZYcqu Further company coverage:

Theater nytimes.com

Review: John Leguizamo Goes for Easy Laughs in ‘Latin History’

Two millenniums of oppression may not seem very funny, but in his latest one-man show, Mr. Leguizamo hones the art of comic revisionism.

companyNews reuters.com

Nikkei bounces after six-day losing streak, SoftBank gains

TOKYO, Nov 16 (Reuters) - Japan's Nikkei share average rose on Thursday as buyers stepped back in for bargains following six straight days of losses, with SoftBank gaining after a report that it plans to invest as much as $25 billion in Saudi Arabia.

businessNews reuters.com

Oil prices weighed down by rising U.S. supplies, but OPEC cuts prevent falls

SINGAPORE (Reuters) - Oil markets on Thursday were weighed down by rising U.S. crude production and inventories, but prices were prevented from falling by expectations that OPEC will extend an ongoing production cut during a meeting at the end of this month.

businessNews reuters.com

Ackman sells Air Products, Nomad Foods positions, makes strong profit

NEW YORK (Reuters) - Activist investor William Ackman told his hedge fund clients on Wednesday that he liquidated positions in Air Products and Chemicals Inc and Nomad Foods Ltd, investments that earned them a lot of money.

businessNews reuters.com

Narrow win for Fox shows restlessness with dual-class shares

LOS ANGELES/NEW YORK (Reuters) - A shareholder proposal calling for Twenty-First Century Fox Inc to scrap its dual-class share structure was rejected on Wednesday, though the measure received significant support among voters outside the controlling Murdoch family.

businessNews reuters.com

Asia shares cautious as mood turns skittish

SYDNEY (Reuters) - Asian shares got off to a cautious start on Thursday after Wall Street stumbled despite upbeat U.S. economic news and the Treasury yield curve hit its flattest in a decade as investors priced in more U.S. rate hikes.

businessNews reuters.com

BlackBerry shifts patent strategy through outsourcing deal

TORONTO (Reuters) - Canada's BlackBerry Ltd announced the outsourcing of a significant part of its patent licensing efforts on Wednesday to a unit of the U.S.-based Marconi Group.

technologyNews reuters.com

FCC plans to vote to overturn U.S. net neutrality rules in December: sources

WASHINGTON (Reuters) - The head of the Federal Communications Commission is set to unveil plans next week for a final vote to reverse a landmark 2015 net neutrality order barring the blocking or slowing of web content, two people briefed on the plans said.

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Trian's Peltz claims win in proxy fight, P&G says not yet

(Reuters) - Activist hedge fund manager Nelson Peltz claimed victory in his fight to win a seat on Procter & Gamble Co's board after a preliminary tally of votes was released on Wednesday, but P&G refused to concede and said it wants to see a certified result before declaring a winner.

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Tezos organizers hit with second lawsuit over cryptocurrency fundraiser

(Reuters) - A second lawsuit was filed this week against the organizers of cybercurrency technology project Tezos, an initiative that raised $232 million to issue a cryptocurrency that does not exist and fund development of a transaction system that has no clear end date.

cnn.com

Trump dossier made without paid sources, firm says

The ex-British intelligence agent who authored the opposition research dossier on President Donald Trump and Russia did not pay the sources he used to compile the document, Fusion GPS co-founder Glenn Simpson testified to congressional Russia investigators, multiple sources familiar with the matter told CNN.

businessNews reuters.com

Washington state AG's office confirms Justice Department circulating AT&T Time Warner complaint

WASHINGTON (Reuters) - Washington state attorney general's office acknowledged on Wednesday that it was reviewing a draft complaint being circulated by the U.S. Justice Department regarding AT&T's plan to buy Time Warner , confirming that the Justice Department has drawn up a complaint.

businessNews reuters.com

Wall Street falls with energy shares; tax angst weighs

NEW YORK (Reuters) - U.S. stocks fell on Wednesday as energy sector shares dropped for a fourth straight session, tracking crude prices, while a late run-up was thwarted by concerns over the passage of a tax revamp after Republican senators were critical of the proposal.

businessNews reuters.com

Trian's Peltz says it wins proxy fight against P&G

(Reuters) - Activist hedge fund Trian's Nelson Peltz said on Wednesday he won a proxy fight with Procter & Gamble Co for a seat on the company's board.

businessNews reuters.com

Oracle backs tougher foreign investment bills aimed at China

WASHINGTON (Reuters) - Software maker Oracle Corp is backing bipartisan legislation that aims to toughen foreign investment rules amid increasing concern over Chinese efforts to buy U.S. high-tech companies, according to a letter seen by Reuters on Wednesday.

businessNews reuters.com

BlackBerry signs patent licensing deal with Teletry

(Reuters) - Canada's BlackBerry Ltd said on Wednesday it agreed to allow Teletry, a unit of patent licensing firm Marconi Group, to sub-license a broad range of its patents to global smartphone manufacturers.

businessNews reuters.com

Delta Air says tax cut would buy new planes, pay down debt

DETROIT (Reuters) - C would use savings from a lower U.S. corporate tax rate to buy new equipment and pay down some of its debt, the carrier's chief executive said on Wednesday, as congressional Republicans work to push forward a tax cut bill.

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BRIEF-Spring Bank Pharmaceuticals announces positive top-line results from the second cohort of part A of the phase 2 achieve trial

* Spring Bank Pharmaceuticals announces positive top-line results from the second cohort of part A of the phase 2 achieve trial

companyNews reuters.com

BRIEF-Talend announces offering of 2,750,000 American depositary shares by selling shareholders

* Talend announces offering of 2,750,000 American depositary shares by selling shareholders Source text for Eikon: Further company coverage:

PersonalFinance reuters.com

At issue for Vanguard fund shareholders: how to manage success

SCOTTSDALE, Ariz. (Reuters) - Vanguard Group Inc staged the largest-ever mutual fund shareholder proxy meeting on Wednesday facing a problem competing asset managers would welcome: how to manage...

businessNews reuters.com

Exclusive: Mattel snubs Hasbro's latest acquisition approach - sources

(Reuters) - Mattel Inc has rebuffed Hasbro Inc's latest takeover approach, people familiar with the matter said on Wednesday, casting uncertainty over the potential combination of the world's two largest toy companies.

businessNews reuters.com

Bombardier plans hiring spree for business jet program: sources

MONTREAL (Reuters) - Bombardier Inc expects to hire around 1,000 workers in Montreal over 18 months, as the Canadian plane and train maker ramps up production of its new Global 7000 business jet, three sources familiar with the matter said on Wednesday.

companyNews reuters.com

MOVES-Deutsche Bank, Santander, Invesco, Intercontinental Exchange

Nov 15 (Reuters) - The following financial services industry appointments were announced on Wednesday. To inform us of other job changes, email moves@thomsonreuters.com.

businessNews reuters.com

U.S. government approaches 18 states to fight AT&T-Time Warner deal

WASHINGTON (Reuters) - The U.S. Justice Department has approached 18 state attorneys general to try to win their support for an antitrust lawsuit to block pay TV and wireless powerhouse AT&T Inc's $85.4 billion deal to buy media and entertainment company Time Warner Inc, a person briefed on the matter said on Wednesday.

businessNews reuters.com

Wall Street falls as energy tracks oil lower; tech weighs

NEW YORK (Reuters) - U.S. stocks fell on Wednesday as energy sector shares dropped for a fourth straight session, tracking crude prices, while tech, the best performing sector this year, weighed the most on the S&P 500.