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Singapore slings? Taking on Alibaba, Amazon launches Prime Now in the city state

SINGAPORE (Reuters) - Amazon.com Inc launched its two-hour delivery service in Singapore on Thursday, marking the e-commerce giant's push into populous Southeast Asia and its first head-on battle with its Chinese rival, Alibaba Group Holding.

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Asia shares hit 2008 highs, dollar in decline on Fed inflation view

SYDNEY (Reuters) - Stocks, bonds and commodities were all on a roll in Asia on Thursday as bulls scented a softening in the Federal Reserve's confidence on inflation that promised to keep U.S. interest rates low for longer.

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Samsung Electronics expects continued chip boom after record second-quarter profit

SEOUL (Reuters) - Samsung Electronics Co Ltd on Thursday said it expected the memory chip boom to continue in the current quarter, after reporting a record operating profit for the three months through June.

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Exclusive: Discovery in the lead to acquire Scripps Networks - sources

(Reuters) - U.S. media company Discovery Communications Inc is in the lead to acquire U.S. cable TV network owner Scripps Networks Interactive Inc, people familiar with the matter said on Wednesday, in a deal likely to top $12 billion.

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BRIEF-Archrock says board declared dividend of $0.12 per share of common stock

* Board of directors declared dividend of $0.12 per share of common stock, a rate of $0.48 per share on an annualized basis Source text for Eikon: Further company coverage:

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Foxconn announces U.S. manufacturing plant in Wisconsin

(Reuters) - Taiwanese electronics manufacturer Foxconn on Wednesday announced plans to build a $10 billion LCD display panel screen plant in Wisconsin.

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BRIEF-Taubman provides update on board refreshment and declassification commitments

* Taubman provides update on board refreshment and declassification commitments

domesticNews reuters.com

Four aboard small plane die in crash on Utah highway

(Reuters) - All four people aboard a single-engine aircraft died when the plane crash-landed on a highway in Utah on Wednesday and caught fire, police said.

businessNews reuters.com

PayPal beats estimates, raises 2017 forecasts

(Reuters) - PayPal Holdings Inc reported a better-than-expected quarterly profit as the payment processor's growing strategic partnerships helped boost payment volumes.

politicsNews reuters.com

As Washington refocuses on tax, anti-tax activist sees bill in September

WASHINGTON (Reuters) - Congressional Republicans are ramping up discussions on overhauling the U.S. tax code that a prominent Republican anti-tax advocate said on Wednesday will produce a bill by September that will include a hefty corporate tax cut.

businessNews reuters.com

FTSE Russell to exclude Snap from stock indexes

NEW YORK (Reuters) - FTSE Russell CEO Mark Makepeace said on Wednesday the index provider plans to exclude Snap Inc from its widely followed stock indexes because of the Snapchat owner's unusual share structure that denies voting rights to investors.

businessNews reuters.com

Facebook profit, revenue smash estimates as mobile ad sales soar

(Reuters) - Facebook Inc crushed quarterly profit and revenue estimates on Wednesday as the social media giant's push into video ads helped bolster its fast-growing mobile ad business.

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Uber's Kalanick hires former U.S. prosecutor ahead of Waymo deposition

SAN FRANCISCO (Reuters) - Uber's former chief executive, Travis Kalanick, has hired the former top federal prosecutor in San Francisco to represent him ahead of a deposition in a high-profile trade secrets case against Alphabet's Waymo self-driving car unit, the attorney's firm said on Wednesday.

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iRobot shares surge on strong sales of Roomba vacuum cleaners

SAN FRANCISCO (Reuters) - Shares in iRobot Corp jumped 23 percent to a record high on Wednesday after the Roomba robotic vacuum maker posted better-than-expected quarterly results and said it was buying its largest European distributor.

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Energy Future warns delay would kill Oncor sale to Buffett

WILMINGTON, Del. (Reuters) - Warren Buffett's Berkshire Hathaway Inc will walk away from its $9 billion acquisition of Oncor Electric Delivery Co if the deal is delayed, an attorney for the parent company of Texas' largest utility told a bankruptcy judge on Wednesday.

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U.S. defense companies lift forecasts amid growing security concerns

(Reuters) - Top U.S. weapons makers reported better-than-expected quarterly results and raised their full-year forecasts, buoyed by higher demand for fighter jets and tanks amid heightened security concerns around the world.

businessNews reuters.com

Chipotle served another subpoena after latest food scare

(Reuters) - Chipotle Mexican Grill Inc said U.S. federal prosecutors served a subpoena, seeking information related to a suspected norovirus outbreak at a restaurant in Sterling, Virginia that it briefly closed last week.

PersonalFinance reuters.com

Your Money: Why you need time, money to serve on a volunteer board

NEW YORK (Reuters) - For many of us, the notion of being on a board of directors seems like the pinnacle of capitalist dreams.

businessNews reuters.com

Whole Foods profit down as same-store sales declines persists

LOS ANGELES (Reuters) - Whole Foods Market Inc , which has agreed to be bought by Amazon.com for $13.7 billion, on Wednesday reported a quarterly profit decline after same-store sales fell for the eighth quarter in a row.

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VW says cooperation with rivals is common industry practice

BERLIN (Reuters) - Volkswagen said on Wednesday that cooperation among carmakers on technical matters is a common industry practice but declined comment on allegations that it engaged in anti-competitive behavior with other German automakers.

domesticNews reuters.com

Exxon Baton Rouge 2016 blast began with stuck valve: U.S. board

HOUSTON (Reuters) - The U.S. Chemical Safety Board said on Wednesday that the events leading to a 2016 blast at ExxonMobil Corp's Baton Rouge, Louisiana, refinery began when an operator disassembled a stuck valve on the alkylation unit, releasing a cloud of isobutane vapor.

businessNews reuters.com

U.S. new home sales rise in June, but trend softening

WASHINGTON (Reuters) - New U.S. single-family home sales increased in June as purchases in the West surged to a near 10-year high, but downward revisions to the sales pace for the prior three months pointed to a housing market that was treading water.

companyNews reuters.com

BRIEF-Bank of America board declares a regular quarterly cash dividend

* Board of directors declared a regular quarterly cash dividend on Bank Of America common stock of $0.12 per share

businessNews reuters.com

Wal-Mart proposes policy actions to boost U.S. manufacturing

CHICAGO (Reuters) - Wal-Mart Stores Inc on Wednesday proposed 10 policy actions to boost U.S. manufacturing that the retailer said could help recapture $300 billion of the $650 billion worth of consumer goods that are currently imported.

businessNews reuters.com

Wall Street set to open higher on earnings; Fed in focus

(Reuters) - U.S. stock indexes were poised to open at record levels on Wednesday following a set of strong quarterly earnings, led by Boeing and AT&T, while investors awaited the outcome of a two-day Federal Reserve meeting.

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Oil prices rise as falling U.S. inventories stoke rebalancing hopes

LONDON (Reuters) - Oil prices rose to near eight-week highs on Wednesday, as a fall in U.S. inventories bolstered expectations that the long-oversupplied market was moving toward balance.

businessNews reuters.com

Lower tax rate fuels Ford beat, seen lifting full-year profit

DETROIT (Reuters) - Ford Motor Co on Wednesday reported a better-than-expected quarterly net profit due to a lower tax rate and increased sales of more profitable pickup trucks in the U.S. market, and the company said that reduced tax rate would boost its full-year profits.

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Boeing raises 2017 earnings forecast

(Reuters) - Boeing Co reported a quarterly profit compared with a loss a year ago when it booked a charge, and raised its full-year core profit forecast.

businessNews reuters.com

Coca-Cola profit drops 60 percent on refranchising charge

(Reuters) - Coca-Cola Co reported a 60.2 percent drop in quarterly profit, as the beverage maker incurred a charge of $653 million related to refranchising its North America bottling operations.

businessNews reuters.com

Hilton's profit beats; raises earnings forecast again

(Reuters) - Hilton Worldwide Holdings Inc , the owner of the Waldorf Astoria hotel chain, reported a higher-than-expected quarterly revenue and profit, as more people booked rooms at higher prices, and raised its 2017 earnings forecast yet again.

businessNews reuters.com

D.R. Horton profit rises on higher home sales

(Reuters) - D.R. Horton Inc , the largest U.S. homebuilder, reported a quarterly profit that narrowly beat analysts' estimates as home sales rose.

businessNews reuters.com

Accorhotels beefs up luxury rental 'onefinestay' brand to fight Airbnb

PARIS (Reuters) - AccorHotels will re-group three of its luxury home-rental divisions under its 'onefinestay' brand, as the French hotelier steps up efforts to counter the challenge of Airbnb and other online booking services.

businessNews reuters.com

Exclusive: Banks dealing EU sovereign debt may be dragged out of London

LONDON (Reuters) - Banks at the heart of EU government borrowing could be forced to move some operations out of London if they want to hold on to that business after Brexit, according to three senior bankers with knowledge of the matter.

companyNews reuters.com

UPDATE 1-India e-tailer Snapdeal's board accepts Flipkart's up to $950 mln buyout -sources

* Axis Bank offering $60 million for FreeCharge – sources (Adds details on Infibeam offer, FreeCharge)

businessNews reuters.com

Life after debt? Macquarie's junk lending unit sputters

SYDNEY (Reuters) - Macquarie Group, Australia's leading investment bank, has a hole to fill.

technologyNews reuters.com

India's Snapdeal board approves Flipkart's $900-$950 million takeover offer: sources

MUMBAI (Reuters) - The board of Indian online marketplace Snapdeal accepted bigger rival Flipkart's revised takeover offer of $900 million-$950 million last week, two sources familiar with the matter said on Wednesday.

businessNews reuters.com

Hyundai Motor second quarter net profit halves as China, U.S. sales sag

SEOUL (Reuters) - Hyundai Motor's bleak results stretched into a 14th straight quarter as political headwinds continued to drag down sales in China, its biggest market, and higher incentives failed to boost business in the United States.

businessNews reuters.com

Fed expected to leave rates unchanged; balance sheet in focus

WASHINGTON (Reuters) - The Federal Reserve is expected to hold interest rates unchanged on Wednesday and possibly hint that it will start winding down its massive holdings of bonds as soon as September in what would be a vote of confidence in the U.S. economy.

businessNews reuters.com

Twitter no longer at 'death's door' as earnings report approaches

SAN FRANCISCO (Reuters) - Twitter Inc heads toward its quarterly earnings report on Thursday with a stock that has risen more than 40 percent since April when much of Wall Street was ready to write off the tech company.

businessNews reuters.com

USTR Lighthizer: Trump challenging China's industrial policies - radio interview

WASHINGTON (Reuters) - The top U.S. trade negotiator said late on Tuesday that President Donald Trump is determined to challenge China's use of unfair subsidies and "non-economic" industrial policy to build up export industries that are costing American jobs.

businessNews reuters.com

Australian watchdog takes Ford local unit to court over transmission complaints

(Reuters) - Australia's consumer watchdog said on Wednesday it has started court proceedings against Ford Motor Co's local unit, accusing the company of engaging in misleading or deceptive conduct when responding to customer complaints.

businessNews reuters.com

Asia stocks inch up, dollar steadies as investors await Fed clues

TOKYO (Reuters) - Asian stocks edged up early on Wednesday after Wall Street indexes notched record highs, while the dollar was steady as investors awaited the Federal Reserve's policy decision later in the day for more clues on its tightening plans.

businessNews reuters.com

Apple ordered to pay $506 million to university in patent dispute

(Reuters) - A U.S. judge on Monday ordered Apple Inc to pay $506 million for infringing on a patent owned by the University of Wisconsin-Madison's patent licensing arm, more than doubling the damages initially imposed on Apple by a jury.

businessNews reuters.com

Exclusive: Viacom willing to make an all-cash deal to buy Scripps Networks - sources

(Reuters) - Viacom Inc has informed Scripps Networks Interactive it is willing to pay all cash to acquire the U.S. TV network operator, sources familiar with the matter said on Tuesday.

companyNews reuters.com

Brazil carrier TIM board approves reorganization of subsidiaries

BRASILIA, July 25 (Reuters) - Brazilian wireless carrier TIM Participações SA has obtained board approval for its plan to reorganize its subsidiaries TIM Celular and long-distance operator Intelig Telecom, according to a securities filing on Tuesday.

businessNews reuters.com

Wisconsin company offers employees microchip implants

(Reuters) - A Wisconsin vending machine company is offering its employees a chance to have a microchip implanted in their hands that they could use to buy snacks, log in to computers or use the copy machine.

companyNews reuters.com

BRIEF-Fox Factory Holding appoints Dudley Mendenhall to chairman of board

* Fox Factory Holding Corp announces changes to board of directors

businessNews reuters.com

AT&T's quarterly profit tops Wall Street estimates

NEW YORK (Reuters) - AT&T Inc's quarterly profit topped Wall Street estimates on Tuesday as the No. 2 U.S. wireless carrier introduced new promotions bundling video with phone service that helped to attract customers.

businessNews reuters.com

Chipotle profit doubles, shares rise

LOS ANGELES (Reuters) - Chipotle Mexican Grill Inc's profit more than doubled in the latest second quarter, sending shares of the burrito seller up more than 2 percent in after-hours trading on Tuesday.

businessNews reuters.com

Apple CEO promised Trump to build three manufacturing plants in U.S.: WSJ

(Reuters) - Apple Inc Chief Executive Tim Cook has committed to build three big manufacturing plants in the United States, the Wall Street Journal quoted U.S. President Donald Trump as saying.

Subways nytimes.com

Rescue Plan to Improve Subways Includes Removing Seats

As part of the nearly $800 million plan, the Metropolitan Transportation Authority has promised to repair outdated signals and overhaul trains.

businessNews reuters.com

Options traders bullish on Facebook ahead of second-quarter results

NEW YORK (Reuters) - As Facebook Inc geared up to report second-quarter results on Wednesday, traders in the options market are exhibiting a greater degree of bullishness in more than a year, options data showed.

businessNews reuters.com

BMW halts project talks after Daimler blew whistle: Sueddeutsche

BERLIN (Reuters) - BMW has suspended talks with Daimler on future cooperation projects after its rival disclosed alleged collusion among German carmakers to cartel authorities, Sueddeutsche Zeitung reported on Tuesday, citing industry sources.

businessNews reuters.com

Geek fight! Musk says Zuckerberg naive about killer robots

SAN FRANCISCO (Reuters) - Silicon Valley baron Elon Musk insulted rival billionaire Mark Zuckerberg on Tuesday, escalating a tech wizard war of words over whether robots will become smart enough to kill their human creators.

businessNews reuters.com

Jobs lift U.S. consumer confidence to near 16-year high

WASHINGTON (Reuters) - U.S consumer confidence jumped to a near 16-year high in July amid optimism over the labor market while house prices maintained their upward trend in May, which could boost consumer spending after recent sluggishness.

businessNews reuters.com

Israeli settles Mobileye insider trading case with U.S. regulators

(Reuters) - An Israeli professor has agreed to pay more than $850,000 to settle U.S. claims he engaged in insider trading in Jerusalem-based Mobileye NV , a maker of sensors and cameras for self-driving vehicles, ahead of its $15.3 billion takeover by Intel Corp .

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UPDATE 2-Daimler board to discuss alleged German auto cartel -sources

* Daimler and VW decline comment (Adds material from a source close to the U.S. Department of Justice)

companyNews reuters.com

UPDATE 2-Activist investor urges sale of Barnes & Noble

* Media cos, PE firms may show interest: Sandell (Adds valuation details, Sandell quotes; updates shares)

businessNews reuters.com

VW executive charged in emissions probe to plead guilty: court

(Reuters) - A Volkswagen AG executive charged in the automaker's diesel emissions scandal plans to plead guilty on August 4 in U.S. District Court in Detroit, a court spokesman said Tuesday.

businessNews reuters.com

Volatility plunge sends VIX index to 23-year low

NEW YORK (Reuters) - Strong earnings boosted U.S. stocks on Tuesday, driving the S&P 500 to a record high while also sending a popular options-based gauge of expected price volatility down to a more than 23-year low.

businessNews reuters.com

House panel wants Google, Facebook, AT&T CEOs to testify on internet rules

WASHINGTON (Reuters) - The chairman of the U.S. House Energy and Commerce Committee on Tuesday asked the chief executives of Alphabet Inc, Facebook Inc, Amazon.com Inc, AT&T Inc, Verizon Communications Inc and other companies to testify at a Sept. 7 hearing on the future of net neutrality rules.

businessNews reuters.com

Toshiba board to meet Wednesday, weigh offers for chip unit: source

TOKYO (Reuters) - Toshiba Corp's board will meet on Wednesday to consider offers for its chip unit from Western Digital and Taiwan's Foxconn in addition to a bid from a consortium that was previously favorite, a source familiar with the matter said. Toshiba is scrambling to sell its flash memory unit to cover losses from its bankrupt U.S. nuclear business Westinghouse.

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UPDATE 1-Toshiba board to meet Wednesday, weigh offers for chip unit - source

* Toshiba also weighing offers from Western Digital, Foxconn -source (Adds details on auction, bidders)

businessNews reuters.com

Elliott says Akzo Nobel 'flouting' basic shareholder rights

LONDON (Reuters) - Hedge fund Elliott Advisors on Tuesday criticized Akzo Nobel for dismissing its request yesterday for shareholders to add items to the agenda of a Sept. 8 extraordinary general meeting.

businessNews reuters.com

Investors unhappy as Alphabet shells out more to drive traffic

(Reuters) - There are very few things that make Alphabet Inc's investors unhappy. A rising TAC - the cost of driving traffic to its site - is one of them.

businessNews reuters.com

Norwegian Air under pressure to boost finances

OSLO/LONDON (Reuters) - Norwegian Air , the fast-growing budget airline trying to crack the transatlantic market by undercutting established rivals, faces mounting pressure to control costs and shore up its balance sheet to weather fierce competition.

businessNews reuters.com

S&P hits record; Alphabet weighs on Nasdaq

(Reuters) - The S&P hit a record high, while the Dow opened higher on Tuesday, helped by strong earnings from Caterpillar and McDonald's, but Google-parent Alphabet weighed on the tech-heavy Nasdaq.

businessNews reuters.com

Daimler board to discuss alleged German auto cartel: sources

FRANKFURT/HAMBURG (Reuters) - Daimler's supervisory board will meet on Wednesday to discuss allegations that German carmakers were involved in anti-competitive behavior, sources familiar with the matter said on Tuesday.

businessNews reuters.com

U.S. home prices for May rise slower than expected

NEW YORK (Reuters) - U.S. single-family home prices accelerated at a slower pace in April, falling short of forecasts, a survey showed on Tuesday.

businessNews reuters.com

McDonald's U.S. same-restaurant sales beat estimates

(Reuters) - McDonald's Corp on Tuesday reported a higher-than-expected rise in quarterly sales at established U.S. restaurants, helped by promotions on beverages as well as the launch of signature crafted sandwiches.

businessNews reuters.com

Domino's delivers Street-beating sales and profit

(Reuters) - Domino's Pizza Inc reported better-than-expected quarterly revenue and profit, boosted by store openings, lower food costs and higher supply chain revenues from franchises.

businessNews reuters.com

Caterpillar posts 46 percent rise in profit, boosts forecast

(Reuters) - Caterpillar Inc reported a 46 percent jump in quarterly profit on Tuesday, helped by strength in its construction and resources businesses, and raised its profit outlook for the year.

businessNews reuters.com

General Motors quarterly profit falls

DETROIT (Reuters) - General Motors Co on Tuesday reported a lower quarterly net profit from continuing operations due to lower vehicle sales and restructuring charges, but results beat Wall Street expectations.

businessNews reuters.com

Activist investor urges sale of Barnes & Noble

(Reuters) - Activist investor Sandell Asset Management Corp on Tuesday urged U.S. bookstore chain operator Barnes & Noble Inc to sell itself.

businessNews reuters.com

Biogen revenue rises 6.4 percent on Spinraza demand

(Reuters) - U.S. drugmaker Biogen Inc reported a 6.4 percent rise in quarterly revenue, driven by strong demand for its recently approved spinal muscular atrophy drug, Spinraza.

businessNews reuters.com

DuPont beats on strong demand in agriculture business

(Reuters) - Chemicals and seeds company DuPont , which is merging with Dow Chemical , beat analysts' estimates for both profit and revenue on Tuesday, helped by higher sales in its agriculture business.

businessNews reuters.com

China's HNA taps Goldman for planned Pactera U.S. IPO: sources

HONG KONG (Reuters) - HNA Group, the Chinese airline-to-banking conglomerate, has tapped investment bank Goldman Sachs to list Pactera, the Beijing-based IT outsourcing firm it bought from private equity firm Blackstone, sources familiar with the matter said.

businessNews reuters.com

Uber ties up with AXA for workers' accident cover in France

PARIS (Reuters) - Uber and insurance group AXA on Tuesday announced a partnership to offer accident cover for drivers who work for the ride hailing service in France.

businessNews reuters.com

Michael Kors to buy luxury shoemaker Jimmy Choo for $1.2 billion

LONDON (Reuters) - U.S. retailer Michael Kors has agreed to buy luxury shoemaker Jimmy Choo for $1.2 billion, snapping up a British brand launched in the east end of London and made famous by celebrity fans including Princess Diana.

companyNews reuters.com

BRIEF-Mediclinic International says CEO has informed board of his intention to retire

* MEDICLINIC INTERNATIONAL PLC SAYS COMPANY ANNOUNCES THAT ON 24 JULY 2017, DANIE MEINTJES INFORMED BOARD OF HIS INTENTION TO RETIRE FROM HIS POSITION AS CEO

businessNews reuters.com

Prospect of Trump tariff casts pall over U.S. solar industry

LOS ANGELES (Reuters) - U.S. solar companies are snapping up cheap imported solar panels ahead of a trade decision by the Trump administration that could drive up costs and cloud the fortunes of one of the economy's brightest stars.

businessNews reuters.com

Citigroup hosts investors for first time since the financial crisis

NEW YORK (Reuters) - For the first time since receiving three government bailouts during the 2007-2009 financial crisis, Citigroup Inc on Tuesday is holding a day-long conference for investors, marking another step in the recovery of what was once the biggest U.S. bank.

businessNews reuters.com

Activist investor Sandell presses for Barnes & Noble sale: WSJ

(Reuters) - Activist investor Sandell Asset Management Corp wants Barnes & Noble to try to sell itself again, saying the bookstore chain will benefit from a new owner, the Wall Street Journal reported on Monday.

companyNews reuters.com

Activist investor Sandell presses for Barnes & Noble sale - WSJ

July 24 (Reuters) - Activist investor Sandell Asset Management Corp wants Barnes & Noble to try to sell itself again, saying the bookstore chain will benefit from a new owner, the Wall Street Journal reported on Monday.

companyNews reuters.com

BRIEF-Activist investor Sandell Asset Management wants Barnes & Noble to try again to sell itself- WSJ, citing sources

* Activist investor Sandell Asset Management recently started buying stake in Barnes & Noble, already among its 10 biggest investors- WSJ, citing sources

businessNews reuters.com

VW chief raps Porsche labor boss in Heilbronner Stimme interview

BERLIN (Reuters) - Volkswagen CEO Matthias Mueller strongly criticized Porsche's labor chief in German daily Heilbronner Stimme on Tuesday over public remarks about Audi's management, in a sign of growing tensions within the automotive group.

businessNews reuters.com

Dollar recovers from 13-month low on strong PMI readings, Asia stocks subdued

SINGAPORE (Reuters) - The dollar crept up from a 13-month low on Tuesday after stronger-than-expected readings on U.S. factory and services activity ahead of the start of a Federal Reserve meeting later in the day, but Asian stocks were subdued.

businessNews reuters.com

Oil extends gains as OPEC moves to cap Nigeria output

TOKYO (Reuters) - Oil prices extended gains on Tuesday after OPEC moved to cap Nigerian oil output and Saudi Arabia pledged to limit exports next month to help rein in global oversupply.

businessNews reuters.com

Qualcomm accuses tech group of 'misdirecting' trade regulators

(Reuters) - Qualcomm Inc fired back in its case against Apple Inc on Monday, accusing its critics of waging a "coordinated effort aimed at misdirecting" trade regulators.

businessNews reuters.com

'Pharma bro' Shkreli says he will not testify in securities fraud trial

(Reuters) - Martin Shkreli, the pharmaceutical entrepreneur vilified as the "pharma bro" for raising the price of a life-saving drug by 5,000 percent, said on Monday in federal court that he would not testify in his securities fraud trial.

businessNews reuters.com

Exclusive: Goldman Sachs retreats from ETF lead market making

NEW YORK (Reuters) - Goldman Sachs Group Inc is pulling back substantially from trading that helps backstop the fast-growing use of U.S. exchange-traded funds, giving smaller firms an opportunity to grab market share.

companyNews reuters.com

BRIEF-Claim Post Resources announces board appointments, establishes special committee

* Claim Post Resources announces board appointments and establishes special committee

businessNews reuters.com

Alphabet profit slumps on record $2.7 billion EU fine

(Reuters) - Alphabet Inc reported a 27.7 percent drop in quarterly profit as the company recorded a previously announced charge related to a record $2.7 billion fine imposed on its Google unit by the EU.

businessNews reuters.com

Blue Apron shares surge on Wall Street's upbeat outlook

NEW YORK (Reuters) - Shares of Blue Apron Holdings Inc jumped as much as 20 percent on Monday, reversing some of their heavy losses from the past few weeks, after several brokerages initiated coverage of the meal-kit service with a bullish outlook.

companyNews reuters.com

BRIEF-Micron Solutions appoints Rodd E. Friedman to its Board

* Micron Solutions, Inc. appoints Rodd E. Friedman to its Board of Directors

businessNews reuters.com

EU increases pressure on Facebook, Google and Twitter over user terms

BRUSSELS (Reuters) - European Union authorities have increased pressure on Facebook, Google and Twitter to amend their user terms to bring them in line with EU law after proposals submitted by the tech giants were considered insufficient.

businessNews reuters.com

France ready to negotiate with Google on back taxes: minister

PARIS (Reuters) - France is ready to negotiate a deal with Google over back taxes, budget minister Gerald Darmanin told financial daily Les Echos.

companyNews reuters.com

BRIEF-Alphabet appoints Sundar Pichai to its board

* Says ‍Pichai's appointment was effective July 19, 2017​ Source text (http://bit.ly/2tU9lwf) Further company coverage:

businessNews reuters.com

Alphabet appoints Google CEO Pichai to board

(Reuters) - Alphabet Inc said it appointed chief executive of its Google unit, Sundar Pichai, to its board.

entertainmentNews reuters.com

Jay-Z reigns Billboard chart, Linkin Park sales surge 461 percent

LOS ANGELES (Reuters) - Jay-Z ruled the Billboard 200 album chart for a second straight week with his confessional album "4:44," while California alt-rock band surged back into the Top 20 after the suicide last week of frontman Chester Bennington.

businessNews reuters.com

Analyst slashes Chipotle stock target, casts doubt on menu price hikes

LOS ANGELES (Reuters) - Shares in Chipotle Mexican Grill Inc continued losing ground on Monday, after Credit Suisse chopped its price target by $100 and raised doubts about whether the burrito chain can raise menu prices to offset higher costs.

businessNews reuters.com

Organic ranchers eye Amazon distribution ahead of Whole Foods deal

(Reuters) - Amazon.com Inc plans to meet on Wednesday with a dozen U.S. ranchers, seeking to expand distribution of organic and grass-fed meats as it takes over Whole Foods Market Inc, according to the meeting's organizer.

businessNews reuters.com

Campaign group Avaaz calls on EU to block Bayer's Monsanto deal

BRUSSELS (Reuters) - Online campaigns group Avaaz has called on European Union antitrust regulators to block Bayer's purchase of Monsanto, saying it would hurt innovation and competition and push up prices.

businessNews reuters.com

U.S. home sales stumble as prices hit record high

WASHINGTON (Reuters) - U.S. home resales volumes fell more than expected in June as a dearth of properties pushed house prices to a record high.

Race and Ethnicity nytimes.com

He Called the School Board Racist. Now, He’s Joined It.

As a high school student, Courtney Carson was at the heart of a racial debate that drew national attention. He’s now trying to improve his hometown.

businessNews reuters.com

Wall Street opens flat as earnings season gathers pace

(Reuters) - U.S. stock indexes opened little changed on Monday, with the earnings of Google parent Alphabet in focus, and ahead of a two-day Federal Reserve meeting that kicks off on Tuesday.

businessNews reuters.com

North American strength helps Halliburton smash profit view

(Reuters) - Halliburton Co swung to a quarterly profit and handily beat analysts' expectations on higher demand in North America, sending the world's No.3 oilfield services provider's shares up 2.5 percent.

businessNews reuters.com

Hedge fund Elliott wants 'urgent' Akzo response over CEO concerns

LONDON (Reuters) - Hedge fund firm Elliott Management on Monday asked the board of Dutch paintmaker Akzo Nobel to urgently respond to its concerns about the nomination of a new chief executive.

businessNews reuters.com

Exclusive: Spotify, Warner hope to clinch royalty deal by September - sources

LONDON (Reuters) - Music streaming company Spotify is close to agreeing a new licensing pact with Warner Music Inc, the last big music royalty deal it needs before pushing ahead with a U.S. stock market listing, four sources familiar with the situation said.

businessNews reuters.com

Samsung takes aim at TSMC with plans to triple chip foundry market share

YONGIN, SOUTH KOREA (Reuters) - Samsung Electronics plans to triple the market share of its contract chip manufacturing business within the next five years by aggressively adding clients, a senior company executive said, as it targets new growth drivers for the chips business.

businessNews reuters.com

Democrats take aim at big companies in economic blueprint

WASHINGTON (Reuters) - U.S. Democrats are unveiling an economic platform on Monday that they call "A Better Deal" for working Americans by announcing plans to address unfair market competition, rising pharmaceutical costs and stagnant wages.

businessNews reuters.com

KKR to pay $66.50 per share for WebMD: source

(Reuters) - Private equity company KKR & Co LLP will announce on Monday that it has agreed to pay $66.50 per share in cash to acquire U.S. online health publisher WebMD Health Corp , a person familiar with the matter said on Monday.

businessNews reuters.com

After $50 billion deal spree, China's HNA sets out to clear ownership questions

(Reuters) - Privately-owned conglomerate HNA Group, one of China's most aggressive dealmakers, is shaking up its shareholding structure with a new, charitable foundation, part of efforts to quash long-standing concerns over its ownership.

businessNews reuters.com

VEON board elects former Xerox CEO Ursula Burns as chairman

FRANKFURT (Reuters) - Global telecoms operator VEON has elected former Xerox Corp chief Ursula Burns as its chairman, the company said on Monday, part of corporate governance reforms that are designed to showcase its makeover as an online services player.

businessNews reuters.com

BMW, VW and Daimler shares skid on EU probe of German carmakers

FRANKFURT (Reuters) - German auto stocks took a hit in early Monday trading, weighed down by uncertainty over possible antitrust fines after European regulators said they were investigating allegations that carmakers were operating a cartel.

businessNews reuters.com

European banks struggle to solve toxic shipping debt problem

LONDON (Reuters) - Dutch shipowner Vroon is finding talks with banks tough going as it tries to navigate a way out of a long slump in the shipping industry. But it is not an easy time for the lenders either.

businessNews reuters.com

U.S. chicken processor profits fatten on cheap feed

CHICAGO (Reuters) - U.S. meat producers are earning some of the highest profit margins in more than a decade, a bright spot for investors in agriculture, where grain farmers and trading companies are struggling to make money after years of massive oversupply.

businessNews reuters.com

Direct lending funds' fading all-weather appeal

NEW YORK (Reuters) - Miami-area money manager Bob Press appears to offer the ultimate all-weather investment: a "direct lending" hedge fund that does not require a long-term commitment and has produced nearly 90 straight months of positive returns not correlated to other markets.

businessNews reuters.com

U.S. venture capital's digital coin quandary: cash-rich startups

NEW YORK (Reuters) - U.S. venture capital firms lining up for a slice of the burgeoning digital currency market are grappling with a novel challenge - some of the hottest tech startups that sell the coins just don't need their money.

businessNews reuters.com

Ebbing risk appetite grounds Asian stocks, dollar sulks as euro strengthens

SINGAPORE (Reuters) - Asian stocks slipped on Monday as demand for riskier assets ebbed after recent strong gains, while the euro's near-two-year high on the European Central Bank's seeming lack of concern about its strength left the dollar languishing near a 13-month low.

businessNews reuters.com

Australian regulator investigating Takata airbag recall after death

SYDNEY (Reuters) - Australia's consumer watchdog said on Monday it was investigating the recall of Takata Corp vehicle airbags, a day after police said a man's death in a Sydney car crash could be linked to the faulty safety equipment.

businessNews reuters.com

China's debt specter could haunt Fed's policy meetings

HONG KONG (Reuters) - In September 2015, the U.S. Federal Reserve cited risks from China as a key reason for delaying its first interest rate hike in a decade. A wall of Chinese debt maturing in the next few years could jolt the country back into the U.S. central bank's policy deliberations.

businessNews reuters.com

Oil steady after fall ahead of OPEC/non-OPEC meeting

TOKYO (Reuters) - Oil prices were little changed on Monday following a steep fall in the previous session amid growing expectations that the joint OPEC and non-OPEC ministerial meeting later in the day would address rising production from Nigeria and Libya, two OPEC members exempted from the cuts.

businessNews reuters.com

Federal Reserve now faces prospect of global monetary policy tightening

WASHINGTON (Reuters) - Prospects for tighter monetary policy in Europe and other countries could pose a fresh problem for the Federal Reserve when it meets next week to ponder its plan to reduce its $4.2 trillion bond portfolio purchased after the 2008 financial crisis.

businessNews reuters.com

Exclusive: KKR nears deal to acquire WebMD - sources

(Reuters) - Private equity firm KKR & Co LLP is nearing an all-cash deal to acquire WebMD Health Corp , a U.S. online health publisher with a market capitalization of $2.1 billion, people familiar with the matter said on Sunday.

businessNews reuters.com

BMW rejects media reports of emissions manipulations

FRANKFURT (Reuters) - German carmaker BMW on Sunday rejected media reports that the emissions treatment systems in its vehicles did not work effectively and that it colluded with rivals on their design and prices.

businessNews reuters.com

Supreme Court ruling leads to offensive trademark requests

NEW YORK (Reuters) - A small group of companies and individuals are looking to register racially charged words and symbols for their products, including the N-word and a swastika, based on a U.S. Supreme Court decision on trademarks last month.

businessNews reuters.com

U.S. Cuba tour operators gird for Trump travel crackdown

HAVANA/NEW YORK (Reuters) - U.S. tour operators that send Americans to Cuba are banding together to try to limit damage to business from tighter restrictions on travel to the communist-run island expected in September from the Trump administration.

businessNews reuters.com

Spain looks at selling more of Bankia, economy minister says

BARCELONA, Spain (Reuters) - Spain will explore the possibility of selling a further stake in state-owned Bankia later this year, Economy Minister Luis de Guindos said in an interview with Spanish newspaper ABC on Sunday.

businessNews reuters.com

Female stars call on BBC to 'act now' to close gender pay gap

LONDON (Reuters) - Some of the most high-profile female presenters at the BBC called on the head of Britain's public broadcaster on Sunday to "act now" to address a gender pay gap that sees it pay its top male star five times more than its best-paid female presenter.

businessNews reuters.com

Blackstone in talks to buy 40 percent of Israel cyber firm NSO: report

TEL AVIV (Reuters) - Blackstone Group is in advanced talks to acquire 40 percent of Israeli cyber firm NSO Group for $400 million, Israel's Calcalist business newspaper reported on Sunday.

businessNews reuters.com

World Bank orders Argentina to pay $320 million over seized airline: newspaper

BUENOS AIRES (Reuters) - The World Bank's arbitration tribunal has ordered Argentina to pay $320 million plus interest and legal fees to Spanish travel group Marsans for expropriating its airline Aerolineas Argentinas SA in 2008, a local newspaper reported on Saturday.

businessNews reuters.com

India's Delhi government tells Philip Morris to remove all ads

NEW DELHI (Reuters) - The state government in India's capital told Philip Morris International Inc and other tobacco companies on Saturday to remove all advertisements from tobacco shops in the city, warning them of legal action if they do not comply.

businessNews reuters.com

Opel defends inclusion of employee leases in sales data

FRANKFURT (Reuters) - German carmaker Opel, which is being bought by French rival PSA Group from General Motors , said on Saturday that its sales figures included cars pre-registered by Opel and leased by company workers and pensioners and their families.

businessNews reuters.com

Seat chief says sees CNG cars as possible diesel alternative: report

FRANKFURT (Reuters) - Carmaker Seat sees compressed-natural-gas (CNG) as an alternative fuel to diesel, the chief executive of the Spanish Volkswagen division said on Saturday.

businessNews reuters.com

EU's car regulator warns against car diesel ban in cities

BRUSSELS (Reuters) - Banning diesel cars in European cities could hamper automakers' ability to invest in zero-emission vehicles, the European Union's commissioner for industry has warned the bloc's transport ministers.

businessNews reuters.com

Scaramucci awaits U.S. approval for China deal

NEW YORK (Reuters) - Anthony Scaramucci, the Trump administration's new communications director, has yet to get approval from U.S. regulators to sell his hedge fund firm to a group led by Chinese conglomerate HNA, according to a person familiar with the matter.

businessNews reuters.com

Exclusive: U.S. weighs financial sanctions to hit Venezuela's oil revenue - sources

HOUSTON/WASHINGTON (Reuters) - The United States is considering financial sanctions on Venezuela that would halt dollar payments for the country's oil, according to a senior White House official and an adviser with direct knowledge of the discussions.

businessNews reuters.com

Deutsche Bank, JPMorgan to pay $148 million to end yen Libor cases in U.S.

NEW YORK (Reuters) - Deutsche Bank AG and JPMorgan Chase & Co have agreed to pay a combined $148 million to end private U.S. antitrust litigation claiming they conspired with other banks to manipulate the yen Libor and Euroyen Tibor benchmark interest rates.

businessNews reuters.com

Small-cap rally could shrink on earnings, tax reform hurdles

NEW YORK (Reuters) - Optimism is souring around small-cap stocks for some investors, with a host of factors conspiring to up-end gains that have taken them to record highs.

businessNews reuters.com

Lemonheads owner Ferrara eyes Nestle's candy business: sources

(Reuters) - Ferrara Candy Co, the owner of candies such as Lemonheads and Now & Later chews, is preparing to participate in the auction for Swiss food group Nestle SA's U.S. candy business, people familiar with the matter said on Friday.

companyNews reuters.com

BRIEF-Perrigo says board suspends CFO search during search for John Hendrickson's successor as CEO - SEC Filing

* Perrigo company plc says on march 8, 2017, remuneration committee of board approved changes to acting cfo ronald winowiecki's compensation

businessNews reuters.com

U.S. fines American Airlines, Delta, Frontier for violating consumer protection rules

WASHINGTON (Reuters) - The U.S. Transportation Department said on Friday has fined Frontier Airlines, American Airlines and Delta Air Lines for violating the department’s airline consumer protection rules.

businessNews reuters.com

U.S. seeks to drop criminal charges in 'London Whale' case

NEW YORK (Reuters) - U.S. prosecutors on Friday said they plan to drop criminal charges against two former JPMorgan Chase & Co derivatives traders over allegations they had a role in the "London Whale" trading scandal that caused $6.2 billion of losses.

businessNews reuters.com

U.S. lawyers suing Volkswagen get $300 million in fees, costs

WASHINGTON (Reuters) - A federal judge on Friday approved $125 million in fees and costs for lawyers who sued Volkswagen AG on behalf of U.S. owners of 88,000 3.0 liter diesel vehicles over excess emissions.

businessNews reuters.com

U.S. IPO market may struggle to finish 2017 on a high

(Reuters) - Underwhelming performances of Snap and Blue Apron since their high-profile market debuts, especially at a time when the U.S. stock market is hitting record highs, is an indication that the IPO market will not be as robust as expected this year.

politicsNews reuters.com

Activists, executives tell Texas Senate to ditch bathroom bill

AUSTIN, Texas (Reuters) - Transgender activists and business leaders urged a Texas Senate panel on Friday to scrap legislation that would limit bathroom access for transgender people, saying it was a discriminatory measure that would hurt the state's economy.

businessNews reuters.com

India to quiz Philip Morris on marketing of Marlboro

NEW DELHI (Reuters) - India plans to seek an explanation from Philip Morris International Inc about its marketing practices after Reuters reported that the tobacco giant used tactics that government officials say flout the country's law, a health ministry official said on Friday.

businessNews reuters.com

Democrats in Congress urge review of Amazon's Whole Foods bid

WASHINGTON (Reuters) - A group of Democrats in Congress, in a letter this week, urged the Department of Justice and the Federal Trade Commission to conduct a more in-depth review of online retailer Amazon's plan to buy grocer Whole Foods.

businessNews reuters.com

Alitalia gets some 10 non-binding offers for the airline: source

ROME (Reuters) - Struggling Italian airline has received about ten non-binding offers for the company, a source close to the matter said on Friday.

worldNews reuters.com

Tajik opposition, rights group say government threatens activists' families

ALMATY (Reuters) - Authorities in Tajikistan have threatened to confiscate the property of people linked to opposition activists living in exile, a leading opposition politician said on Friday.

businessNews reuters.com

Hedge fund stung by unusual ruling over Sprint-Clearwire deal

WILMINGTON, Del (Reuters) - A Delaware judge ruled Friday that wireless carrier Clearwire Corp was sold in 2013 for more than twice its fair value, a decision that dealt a stinging loss to the Aurelius Capital Management hedge fund which spent years battling to prove Clearwire was vastly underpriced.

topNews reuters.com

Transgender activists tell Texas Senate to ditch bathroom bill

AUSTIN, Texas (Reuters) - Transgender activists told a Texas Senate panel on Friday to scrap legislation that would limit bathroom access for transgender people, saying it was discriminatory and would place them at greater risk of being assaulted.

businessNews reuters.com

Global pizza brands battle for Russia's far-flung regions

MOSCOW (Reuters) - Global pizza brands Domino's and Papa John's are preparing an assault on Russia's provinces, betting they can turn a profit far from Moscow as online card payments become more widespread and consumers get to know foreign brands better.

businessNews reuters.com

Ford to petition to avoid recall of 2.2 million vehicles

WASHINGTON, (Reuters) - Ford Motor Co will petition to avoid an immediate recall of about 2.2 million vehicles with Takata air-bag inflators that the Japanese auto supplier declared defective last week, U.S. regulators and the automaker said Friday.

businessNews reuters.com

Freeport Indonesia mine workers extend strike for fourth month

JAKARTA/TORONTO (Reuters) - An estimated 5,000 workers at the giant Grasberg copper mine operated by Freeport-McMoRan Inc's Indonesian unit will extend their strike for a fourth month, a union official said on Friday, in an ongoing dispute over layoffs and employment terms.

businessNews reuters.com

After false dawn, Big Oil to double down on cost cuts

LONDON (Reuters) - After a brief respite at the start of the year, the world's top oil and gas companies are set to double down on cost cutting as a recovery in crude prices after a three-year slump falters.

environmentNews reuters.com

Greenpeace activists protest near oil rig in Norway's Arctic sea area

OSLO (Reuters) - Environmental activists protested on Friday near an offshore rig contracted by Statoil in the remote Norwegian Arctic, where the firm is looking for oil and gas deposits.

companyNews reuters.com

BRIEF-Covisint says ‍board recommends shareholders to approve sale to Open Text​

* Covisint Corp - ‍board of directors of Covisint has recommended shareholders vote "for" to approve sale of Covisint to open text​

businessNews reuters.com

Honeywell beats profit estimates, raises full-year forecasts

(Reuters) - Honeywell International Inc reported a better-than-expected quarterly profit, as sales in its aerospace unit and the business that caters to the energy industry were not as bad as it had feared.

businessNews reuters.com

Bank of America picks Dublin as EU hub post Brexit

LONDON (Reuters) - Bank of America has become the first Wall Street bank to pick Dublin to be its new base for its European Union operations as Britain prepares to leave the bloc, the firm said in a statement on Friday.

businessNews reuters.com

German automakers may have colluded over diesel emissions treatment systems: Spiegel

FRANKFURT (Reuters) - Germany's carmakers VW , BMW , Audi, Porsche may have colluded to fix the prices of diesel emissions treatment systems using industry committees, German magazine Der Spiegel reported on Friday.

businessNews reuters.com

Wanted: Housewives to beat staff crunch at Japan's FamilyMart

TOKYO (Reuters) - Japan's second-largest convenience store chain hopes it has found an answer to its labor problems - housewives.

businessNews reuters.com

MasterCard says $18 billion British class action lawsuit blocked

LONDON (Reuters) - A 14 billion pound ($18 billion) class action lawsuit against MasterCard for allegedly overcharging more than 45 million people in Britain over a 16-year period was blocked from proceeding by a judge, MasterCard said on Friday.

businessNews reuters.com

GE quarterly revenue drops 12 percent; cash flow up on quarter

(Reuters) - General Electric Co reported a 12 percent drop in revenue for the second quarter, as weakness in its energy connections business offset strength in renewables and power units.

businessNews reuters.com

Futures slightly lower on earnings from industrial giants

(Reuters) - U.S. stock index futures were slightly lower on Friday, but continued to hover around record levels, as investors took cues from earnings reports of industrial heavyweights General Electric and Honeywell.

businessNews reuters.com

UK sidelined as Europe looks beyond Brexit in aerospace

PARIS (Reuters) - Britain risks losing clout in the aerospace industry, one of its largest skilled employers, due to concerns over its departure from the European Union, a corporate overhaul at Airbus and a new Franco-German push on defense, industry insiders say.

businessNews reuters.com

Audi to recall 850,000 diesel cars to update emissions software

FRANKFURT (Reuters) - Luxury car maker Audi has launched a recall for up to 850,000 diesel-fueled cars to update vehicle software controlling emissions in a bid to avoid potential driving bans, it said on Friday.

companyNews reuters.com

BRIEF-Tesoro Corp's representatives delivered proposal to chairman conflicts committee of board of general partner of Western Refining Logistics LP ‍​

* Tesoro Corp -on July 20 co's representatives delivered proposal to chairman conflicts committee of board of general partner of Western Refining Logistics LP ‍​

businessNews reuters.com

French banks could create 1,000 jobs in Paris post-Brexit: lobby

PARIS (Reuters) - French banks could shift about 1,000 jobs currently based in London to Paris to keep staff in the European Union after Britain exits the EU, said the French Banking Federation.

businessNews reuters.com

Show and sell: shift in global ad spending boosts events firms

BENGALURU (Reuters) - Organizers of conferences and trade shows are benefiting from a shift in the way marketing budgets are allocated, with companies spending less on advertising and more on events that allow them to connect directly with customers.

Baseball nytimes.com

Yankees 4, Mariners 1: Luis Severino, Again Facing the Best, Holds His Own in Seattle

For the second straight start, Luis Severino was pitted against a former Cy Young Award winner in peak form — this time, Felix Hernandez — and delivered.

businessNews reuters.com

AstraZeneca CEO reassures staff, aims to be at September cancer meet

LONDON (Reuters) - AstraZeneca Chief Executive Pascal Soriot, responding to rumors he might leave the drugmaker to join rival Teva Pharmaceutical Industries, has told staff he expects to work "together" with employees to see the company succeed.

businessNews reuters.com

Siemens to exit Russian power-plant JV Interautomatika

FRANKFURT (Reuters) - German industrial group Siemens will exit its Russian power-plant joint venture Interautomatika in light of a scandal that saw four gas turbines it sold for use in Russia turn up in Crimea, a region subject to EU sanctions, it said on Friday.

companyNews reuters.com

BRIEF-BATS to add three non-exec directors to board after Reynolds deal closure

* Lionel L. Nowell, Holly Keller Koeppel, Luc Jobin will join as independent non-executive director

businessNews reuters.com

Chinese courier ZTO sued for "untrue statements" in $1.4 billion U.S. IPO

SHANGHAI (Reuters) - Chinese courier ZTO Express and the underwriters of its New York stock market listing have been sued by a U.S. pension fund that alleges the firm exaggerated its profit margins to lure investors into its $1.4 billion initial public offering.

businessNews reuters.com

Euro at two-year high, Asian shares barely budge

TOKYO (Reuters) - The euro held near two-year highs against the dollar on Friday after the head of the European Central Bank said tapering of its stimulus will be on the table this autumn, while a solid global economic outlook kept Asian share prices near decade highs.

businessNews reuters.com

U.S. attempt to limit Wall Street bonuses fizzles out quietly

WASHINGTON (Reuters) - The regulatory agenda released by the Trump administration on Thursday contained a signal that the U.S. government has halted its work on restricting Wall Street executives' bonuses and other pay incentives.

businessNews reuters.com

Exclusive: U.S. toughens stance on foreign deals in blow to China's buying spree

(Reuters) - A secretive U.S. government panel has objected to at least nine acquisitions of U.S. companies by foreign buyers so far this year, people familiar with the matter said, a historically high number that bodes poorly for China's overseas buying spree.

businessNews reuters.com

Tech group sides with Apple in Qualcomm's iPhone ban dispute

(Reuters) - A group representing major technology companies has aligned itself against Qualcomm Inc in its legal dispute with Apple Inc by calling on regulators to reject Qualcomm's bid to ban the import of iPhones.

businessNews reuters.com

Chipotle shares fall on Norovirus, rodent incidents

BOSTON (Reuters) - Chipotle Mexican Grill Inc shares fell 4.5 percent on Thursday after testing confirmed Norovirus in a customer who ate at the one of the chain's Virginia restaurants and a video of rodents crawling on the floor of a Dallas shop went viral.

businessNews reuters.com

Ex-Akebia employee faces losing bail in insider trading case

BOSTON (Reuters) - A former Akebia Therapeutics Inc employee accused of insider trading faced the growing possibility of having his bail revoked as a U.S. prosecutor argued on Thursday that he posed a flight risk and was growing "increasingly unhinged."

businessNews reuters.com

FTC probing allegations of Amazon's deceptive discounting

WASHINGTON (Reuters) - As part of its review of Amazon's agreement to buy Whole Foods , the Federal Trade Commission is looking into allegations that Amazon misleads customers about its pricing discounts, according to a source close to the probe.

businessNews reuters.com

Delta proceeds with New York's LaGuardia $4 billion project without Goldman

NEW YORK (Reuters) - Transportation officials on Thursday approved a revised $4 billion plan from Delta Air Lines to renovate its terminal at New York's LaGuardia Airport after Goldman, Sachs & Co , a financial partner in the project, exited the deal.

companyNews reuters.com

BRIEF-Square names Shake Shack CEO Randy Garutti to board

* Square names Shake Shack CEO Randy Garutti to board of directors

businessNews reuters.com

Microsoft profit beats on strong cloud demand

(Reuters) - Microsoft Corp reported a better-than-expected quarterly profit and revenue, helped by a strong performance in its fast-growing cloud business.

businessNews reuters.com

Visa beats profit estimates, raises earnings forecast

(Reuters) - Visa Inc , the world's largest payments network operator, on Thursday reported a better-than-expected quarterly profit and raised its full-year earnings forecast, as more people made payments using its network.

businessNews reuters.com

UAW 'talking' to GM about impact of car sales slump on U.S. jobs

(Reuters) - The president of the United Auto Workers union expressed concern on Thursday about the impact of slumping U.S. car sales at General Motors Co on auto plants and jobs.

businessNews reuters.com

Trump unveils companies' $500 million U.S. drug packaging project

WASHINGTON (Reuters) - President Donald Trump on Thursday announced a $500 million investment that Corning Inc is making with pharmaceutical giants Merck and Pfizer to manufacture a new kind of glass for injectable drug vials.

businessNews reuters.com

Snap under pressure as Wall Street eyes share lock-up expirations

SAN FRANCISCO (Reuters) - A potential flood of newly available Snap shares is weighing on Wall Street's already shaky support for the owner of the Snapchat social media app.

businessNews reuters.com

Trump administration's NAFTA demands make sense: Union Pacific CEO

DETROIT (Reuters) - The list of priorities U.S. Trade Representative Robert Lighthizer released this week for the renegotiation of NAFTA with Mexico and Canada is reasonable and in line with what the Trump administration has promised to focus on, the head of America's largest railroad said on Thursday.

entertainmentNews reuters.com

O.J. Simpson tells Nevada parole board 'I've done my time'

CARSON CITY, Nev. (Reuters) - During a sometimes emotional hearing before a Nevada parole board, O.J. Simpson on Thursday asked to be released from prison after serving nine years for botched armed robbery of his own sports memorabilia in a Las Vegas hotel room.

businessNews reuters.com

EU examines emissions collusion by German car makers: Handelsblatt

BERLIN (Reuters) - The European Commission is examining whether German automakers colluded in systems they used to clean exhaust emissions as part of investigations triggered by the Volkswagen scandal, the Handelsblatt daily reported on Thursday.

businessNews reuters.com

Benetton family seeks to make Ducati motorbikes Italian: sources

LONDON/FRANKFURT/MILAN (Reuters) - Italy's Benetton family is vying with motorbike firms and buyout funds for control of Italian motorcycle brand Ducati, which is being sold by Germany's Volkswagen , sources involved in the process told Reuters.

topNews reuters.com

O.J. Simpson makes case for freedom before Nevada parole board

CARSON CITY, Nev. (Reuters) - A state parole board in Nevada convened on Thursday morning to consider O.J. Simpson's bid for freedom after nine years in prison for a botched armed robbery of his own sports memorabilia in a Las Vegas hotel room.

businessNews reuters.com

Citigroup, Deutsche Bank beef up Frankfurt presence in Brexit response

LONDON/FRANKFURT (Reuters) - Two global banks, Citigroup and Deutsche Bank , are beefing up their presence in Frankfurt to deal with the impact of Britain leaving the European Union.

businessNews reuters.com

Bombardier wins dismissal of Comerica aircraft payments lawsuit

NEW YORK (Reuters) - Bombardier Inc has won the dismissal of a U.S. lawsuit in which Comerica Inc sought millions of dollars after the Canadian aircraft maker was unable to find buyers for four planes whose leases had expired.

businessNews reuters.com

UAW head believes U.S. Nissan workers would vote for union now

DETROIT (Reuters) - United Auto Workers president Dennis Williams said on Thursday he feels "very strongly" that if Nissan Motor Co Ltd workers at the automaker's plant in Canton, Mississippi voted now, they would vote in favor of union representation.

businessNews reuters.com

Banks hope to keep staff in London if soft Brexit deal struck

LONDON (Reuters) - Banks which are shifting operations to avoid disruption once Britain leaves the European Union hope only a handful of people will eventually have to leave London, industry sources say.

businessNews reuters.com

Europe's cashed-up companies get comfy with capex

LONDON (Reuters) - Sitting on $1 trillion in cash and emerging from years of caution, European companies are now showing the strongest year-on-year growth in capital spending plans in the world.