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Daimler to invest $1 billion in Alabama plant, create over 600 jobs

BERLIN (Reuters) - Germany's Daimler said it will invest $1 billion to expand its U.S.-based Mercedes-Benz plant in Alabama to start building electric sport-utility vehicles there from about 2020.

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Exclusive: Macquarie leapfrogs Goldman to join top tier of commodity banks

LONDON (Reuters) - Australia's Macquarie Group Ltd has overtaken Goldman Sachs to break into the top three banks for commodities business, having significantly expanded its U.S. energy operations in recent years while rivals cut back.

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Wells Fargo CEO to testify before Senate as questions linger over scandal

WASHINGTON (Reuters) - Wells Fargo Chief Executive Tim Sloan is due to testify before Congress on Oct. 3 as the bank deals with fallout from a sales scandal a year ago that continues to spark new revelations.

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Hack of U.S. securities regulator rattles investors, stirs doubts

WASHINGTON/NEW YORK (Reuters) - Wall Street's top regulator faced questions on Thursday about its defenses against cyber criminals after admitting hackers breached its electronic database of corporate announcements and may have used it for insider trading.

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Wall Street slips from record levels as Apple, Fed view weigh

(Reuters) - U.S. stocks slipped from their all-time highs on Thursday, weighed down by Apple and the hawkish stance of the Federal Reserve, which hinted at raising interest rates for a third time this year despite low inflation.

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Exclusive: Chipmaker GlobalFoundries asks EU to investigate bigger rival TSMC - source

BRUSSELS (Reuters) - U.S. electronic chipmaker GlobalFoundries has asked European antitrust regulators to investigate market leader TSMC , accusing the Taiwanese firm of unfair competition, an industry source said on Monday.

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Wall St. lower as investors assess Fed's hawkish stance

(Reuters) - U.S. stocks pulled back from their all-time highs on Thursday as investors assessed the Federal Reserve's policy statement, which hinted at raising interest rates for the third time this year and laid out plans to roll back its monetary stimulus.

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Blackstone buys German measuring firm Schenck

FRANKFURT, Sept 21 (Reuters) - Buyout group Blackstone has bought German measuring technology group Schenck Process from private equity investor IK Investment Partners, the groups said on Thursday.

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Wells Fargo CEO to testify before Senate banking panel on October 3

WASHINGTON (Reuters) - Wells Fargo Chief Executive Tim Sloan is due to testify before the Senate Banking Committee on Oct. 3, sources familiar with the scheduled meeting said.

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Wall St. opens slightly lower after Fed's hawkish stance

(Reuters) - U.S. stocks opened slightly lower on Thursday, even as the Dow managed to hit another record high, a day after the Federal Reserve signaled it could raise interest rates for the third time this year despite low inflation.

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US STOCKS SNAPSHOT-Wall St opens slightly lower after Fed's hawkish stance

Sept 21 (Reuters) - U.S. stocks opened slightly lower on Thursday, even as the Dow managed to hit another record high, a day after the Federal Reserve signaled it could raise interest rates for the third time this year despite low inflation.

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Daimler joins rush to add more North American auto plants: report

DETROIT (Reuters) - U.S. automakers are facing mounting pressure amid slowing demand in the country, as Asian and European automakers aggressively ramp up vehicle production in North America, including a new investment by Daimler AG.

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U.S. jobless claims fall; hurricanes still affecting data

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits unexpectedly fell last week, but the near-term outlook for the labor market was muddied by the continuing impact of Hurricanes Harvey and Irma.

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Wells Fargo CEO due to testify before Senate banking panel October 3

WASHINGTON (Reuters) - Tim Sloan, the chief executive officer of Wells Fargo , is due to testify before the Senate Banking Committee on October 3, said sources familiar with the scheduled meeting.

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U.S. jobless claims fall; hurricanes still impacting data

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits unexpectedly fell last week, but the data continued to be influenced by Hurricanes Harvey and Irma, muddying the labor market picture in the near term.

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EU eyes solo move to increase tax on online giants, risking U.S. anger

BRUSSELS (Reuters) - The European Commission said on Thursday it may seek to implement tax reform to raise more revenue from online giants without the backing of the United States and other rich nations, in a move that could spark a new transatlantic dispute.

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Futures flat after Fed signals third rate hike this year

(Reuters) - U.S. stock index futures were little changed on Thursday, a day after the Federal Reserve signaled that it could raise interest rates for the third time this year despite low inflation and disclosed plans to shrink its balance sheet.

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ECB may ask fintech banks to hold bigger buffers

FRANKFURT (Reuters) - High-tech banks looking to enter the fintech zone may be asked to hold bigger liquidity and capital buffers due to the unique nature of their risks, the European Central Bank said in draft licensing guidelines on Thursday.

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Road to electric car paradise paved with handouts

JUDABERG, Norway (Reuters) - The Norwegian island of Finnoey has the highest density of electric cars in the world. The reason? They are exempt from the $6,000-a-year toll charges for the tunnel to the mainland.

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Carlyle targets first-close of new Asia buyout fund at over $4 billion: sources

HONG KONG (Reuters) - Carlyle Group is targeting the first closing of a new Asia buyout fund within the next couple of months at over $4 billion, three people familiar with the matter said, bulking up in a region that has become a key market for global funds.

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Toys 'R' Us plans holiday hires including toy demonstrators

(Reuters) - Toys "R" Us Inc, the U.S. toy retailer that filed for bankruptcy protection this week, said on Thursday it is hiring part-time seasonal workers to staff its stores for the holidays, including for a new position of toy demonstrator.

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Mitsubishi recalls 89,406 cars in Russia: standards agency

MOSCOW (Reuters) - Russia's standards watchdog Rosstandart said on Thursday it had been informed that Mitsubishi Motors Corp was recalling 89,406 Mitsubishi ASX cars sold in Russia between July 2010 and January 2016.

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Volvo rolls out compact SUV in latest upmarket shift under Geely

MILAN (Reuters) - Volvo Cars showed off its first compact SUV on Thursday with the launch of its new XC40 model, the latest in a sweeping overhaul of the carmaker's line-up under Chinese ownership.

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Fed's 'Great Unwinding' lifts dollar, yields and bank stocks

LONDON (Reuters) - Signals the Federal Reserve will hike U.S. interest rates again this year and begin the 'Great Unwinding' of a decade of aggressive stimulus, drove the dollar to a two-month high versus the yen on Thursday and sent bonds and commodities lower.

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UPDATE 2-CapitaLand Commercial to buy Singapore office tower from BlackRock for $1.55 bln

* Deal comes amid improving outlook for Singapore office rents

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Toshiba, keen to seal $18 billion chips sale, wrestles with last-minute delays

TOKYO (Reuters) - Japan's Toshiba Corp is locked in last minute discussions over "key issues" with the would-be buyers of its $18 billion memory chip business led by U.S. private equity firm Bain, potentially delaying a formal agreement on the sale.

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Lufthansa CEO puts focus on 38 wet lease planes in Air Berlin battle

FRANKFURT (Reuters) - Lufthansa's bid for Air Berlin assets is focused on securing the 38 crewed planes it currently leases from the insolvent carrier and it is interested in a further 20 to 40 planes, Lufthansa's chief executive said.

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Google bets anew on smartphones, pays $1.1 billion for HTC's Pixel division

TAIPEI/SAN FRANCISCO (Reuters) - Alphabet Inc's Google said it would pay $1.1 billion for the division at Taiwan's HTC Corp that develops the U.S. firm's Pixel smartphones - its second major foray into phone hardware after an earlier costly failure.

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UPDATE 1-CapitaLand Commercial to buy Singapore office tower from BlackRock for $1.55 bln

* Deal comes amid improving outlook for Singapore office rents

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China's Baidu launches $1.5 billion autonomous driving fund

BEIJING (Reuters) - Chinese search engine Baidu Inc announced a 10 billion yuan ($1.52 billion) autonomous driving fund on Thursday as part of a wider plan to speed up its technical development and compete with U.S. rivals.

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Dollar shines, Asia shares slip after Fed signals Dec rate hike

TOKYO (Reuters) - The U.S. dollar shone while Asian shares slipped on Thursday after the U.S. Federal Reserve announced a plan to start shrinking its balance sheet and signalled one more rate hike later this year.

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CapitaLand Commercial to buy Singapore office tower from BlackRock for $1.55 bln

SINGAPORE, Sept 21 (Reuters) - CapitaLand Commercial Trust said on Thursday it was buying an office tower in Singapore's financial district for for S$2.1 billion ($1.55 billion) from BlackRock Inc, the world's largest asset manager.

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What is at stake for Uber in U.S. bribery probe?

SAN FRANCISCO (Reuters) - A U.S. bribery investigation at ride-hailing company Uber Technologies Inc [UBER.UL] will likely go on for a year or more and could lead to snowballing legal and compliance costs if lawyers find systemic problems.

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Avis, Hertz shares rise but remain in short-seller cross-hairs

NEW YORK (Reuters) - Shares of U.S. car-rental companies Avis Budget Group Inc and Hertz Global Holdings Inc have driven out of the ditch in recent weeks, aided in part by storms that devastated the southern United States.

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Google to acquire HTC's Pixel smartphone division in $1.1 billion deal

TAIPEI (Reuters) - Alphabet Inc's Google said it would pay $1.1 billion in cash to acquire the division at Taiwan's HTC Corp that develops the U.S. firm's Pixel smartphones, its latest push into hardware manufacturing.

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Oil dips on rising U.S. crude inventories and production

SINGAPORE (Reuters) - Oil markets dipped on Thursday, weighed down by rising U.S. crude inventories and production as well as a stronger dollar, which potentially hampers fuel consumption in countries that use other currencies at home.

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Google to buy part of HTC's smartphone operations for $1.1 billion

TAIPEI (Reuters) - Alphabet Inc's Google will acquire part of Taiwanese smartphone maker HTC's smartphone operations for $1.1 billion, the companies said in a joint statement on Thursday.

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Toshiba prepares to formalize chips sale, even as rejected suitor steps up legal action

TOKYO (Reuters) - Japan's Toshiba Corp is expected to formalize the sale of its prized memory chip unit on Thursday to a group led by U.S. private equity firm Bain Capital, even as jilted suitor and joint venture partner Western Digital took fresh legal action.

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Plan to ease U.S. firearm export rules may relieve gunmakers facing sales slump

SAN FRANCISCO (Reuters) - A move by the Trump administration to make it simpler to sell small arms abroad may provide some relief to gun makers American Outdoor Brands and Sturm Ruger & Company in an industry grappling with a deep sales slump since the election of President Donald Trump.

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Google to buy part of HTC's smartphone operations for around $1 billion : source

HONG KONG/TAIPEI (Reuters) - Alphabet Inc's Google is set to announce a deal to acquire part of Taiwanese firm HTC Corp's smartphone operations for about $1 billion, a source with direct knowledge of the matter said on Thursday.

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Dollar shines, Asia shares slip after Fed signals December rate hike

TOKYO (Reuters) - The U.S. dollar shone while Asian shares slipped slightly on Thursday after the U.S. Federal Reserve announced a plan to start shrinking its balance sheet and signaled one more rate hike later this year.

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Albertsons buys meal-kit delivery provider Plated

(Reuters) - Albertsons Cos Inc , one of America's biggest supermarket chains, said on Wednesday it would buy meal-kit delivery service Plated, as it looks to attract more customers to its stores amid increased competition.

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FedEx raises TNT integration costs by $75 million: filings

(Reuters) - Package delivery company FedEx Corp said on Wednesday its expects to incur roughly $350 million in integration costs related to its acquisition of Netherlands-based TNT Express during 2018, some $75 million higher than previous estimates.

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Dr Pepper Snapple cuts 2017 profit forecast on resin write-off

Sept 20 (Reuters) - Beverage maker Dr Pepper Snapple Group Inc cut its full-year forecast as it expects to take a charge in the third quarter following a default by a company supplying resin to its Mexican operations.

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FedEx says financial drain from cyber attack to linger through 2018

(Reuters) - Package delivery company FedEx Corp said on Wednesday a June cyber attack on its Dutch unit will continue to hurt revenue through its second fiscal quarter and fiscal full-year 2018 and force bigger investments in information technology.

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Fed keeps U.S. rates steady, to start portfolio drawdown in October

WASHINGTON (Reuters) - The U.S. Federal Reserve left interest rates unchanged on Wednesday but signaled it still expects one more increase by the end of the year despite a recent bout of low inflation.

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Tesla working with AMD to develop chip for self-driving car: CNBC

(Reuters) - Electric carmaker Tesla Inc is working with Advanced Micro Devices Inc to develop its own artificial intelligence chip for self-driving cars, CNBC reported on Wednesday, citing a source familiar with the matter.

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Wall St. closes slightly higher after Fed policy decisions

NEW YORK (Reuters) - The S&P 500 and the Dow ended slightly higher on Wednesday, adding to their string of closing records, after the Federal Reserve signaled it expects another interest rate hike by year-end and disclosed timing for reducing its balance sheet.

PersonalFinance reuters.com

ECB to wind down stimulus starting early 2018: BlackRock's Rieder

NEW YORK (Reuters) - BlackRock Inc portfolio manager Rick Rieder said on Wednesday that investors should look for the European Central Bank to withdraw some of its stimulus beginning early next year.

sportsNews reuters.com

McGregor could address Congress in rights campaign for fighters

(Reuters) - Mixed martial arts champion Conor McGregor could speak in the United States Congress to help with a campaign to extend the legal protections enjoyed by boxers to MMA fighters, according to Congressman Markwayne Mullin.

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BlackRock's Rieder: Investors should expect ECB taper 'early next year'

NEW YORK, Sept 20 (Reuters) - BlackRock Inc portfolio manager Rick Rieder said on Wednesday on Twitter that investors should "look for tapering" from the European Central Bank following an announcement by the U.S. Federal Reserve that it would reduce its own balance sheet.

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Apple concedes new watch has connectivity glitch

(Reuters) - Apple Inc's on Wednesday conceded its latest smartwatch unveiled a week ago has problems with its most important feature: the ability make phone calls and access data without an iPhone nearby.

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Fed keeps rates steady, to start portfolio drawdown in October

WASHINGTON (Reuters) - The U.S. Federal Reserve left interest rates unchanged on Wednesday but signaled it still expects one more increase by the end of the year despite recent weak inflation readings.

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Holiday sales forecasts indicate strong growth for retailers

(Reuters) - Early holiday sales forecasts are indicating a largely stronger season for retailers than last year, helped by higher online sales and increasing spending power due to a strong labor market.

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Wall St. falls after Fed signals another rate hike this year

(Reuters) - Wall Street's three major indexes were lower on Wednesday after the Federal Reserve signaled that it expects another rate hike by year end and disclosed timing for reducing its balance sheet.

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Waymo seeking $2.6 billion from Uber for one trade secret: lawyer

SAN FRANCISCO (Reuters) - Alphabet Inc's Waymo unit is seeking about $2.6 billion from Uber for the alleged theft of one of several trade secrets in a lawsuit over self-driving cars, a lawyer for Uber said on Wednesday.

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Waymo seeking $2.6 billion for one trade secret against Uber

SAN FRANCISCO (Reuters) - An Uber [UBER.UL] lawyer on Wednesday said Alphabet Inc's Waymo unit is seeking about $2.6 billion for the alleged theft of one of several trade secrets in a lawsuit over self-driving cars.

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Wall St. flat; all eyes on Fed policy decision

(Reuters) - U.S. stocks were little changed in early afternoon trading on Wednesday as investors awaited the Federal Reserve's policy decision for clues on the future path of interest rates.

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Google close to buying smartphone maker HTC's assets: Bloomberg

(Reuters) - Alphabet Inc's Google is close to acquiring assets of Taiwanese smartphone maker HTC Corp , Bloomberg reported, citing a person familiar with the matter.

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BlackRock's Fink says he is committed to gender diversity

NEW YORK (Reuters) - BlackRock Inc Chief Executive Larry Fink on Wednesday said the largest asset manager must mirror its customers in terms of gender, in comments that come as the company has become more vocal about shareholder and activist efforts to boost workplace diversity.

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Delphi, BlackBerry partner on self-driving software system

(Reuters) - Auto suppliers Delphi Automotive Plc and BlackBerry Ltd will jointly develop a software operating system for self-driving cars, the partners said on Wednesday.

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UPDATE 1-Delphi, BlackBerry partner on self-driving software system

Sept 20 (Reuters) - Auto suppliers Delphi Automotive Plc and BlackBerry Ltd will jointly develop a software operating system for self-driving cars, the partners said on Wednesday.

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S&P, Dow flat ahead of Fed decision; Apple weighs on Nasdaq

(Reuters) - The S&P and the Dow were little changed on Wednesday but hovered near record levels as investors waited to hear from the Federal Reserve on future interest rate hikes this year while the tech-heavy Nasdaq was pulled lower by a drop in Apple.

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General Mills profit misses as U.S. yogurt sales sour

(Reuters) - General Mills Inc reported a smaller-than-expected quarterly profit as yogurt and cereal sales declined in North America, sending the company's shares down 9 percent to their lowest levels in nearly two years.

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BlackRock's Fink says he is committed to gender parity

NEW YORK (Reuters) - BlackRock Inc Chief Executive Larry Fink on Wednesday said he is committed to gender parity and that his company must mirror customers, especially with a large proportion of household wealth managed by women.

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Pfizer files suit against J&J over Remicade contracts

(Reuters) - Drugmaker Pfizer Inc on Wednesday filed a lawsuit against Johnson & Johnson , saying its rival's contracts with health insurers for blockbuster rheumatoid arthritis drug, Remicade, were anticompetitive and blocked sales of Pfizer's new biosimilar.

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General Mills profit misses on weak yogurt, cereal sales

(Reuters) - General Mills Inc reported a smaller-than-expected quarterly profit, hurt by lower sales of its yogurts and cereals in North America.

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Wall St. opens little changed; Fed takes center stage

(Reuters) - Wall Street opened little changed on Wednesday as investors waited for the conclusion of the two-day Federal Reserve meeting for indications of a third interest rate hike this year.

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Toshiba to sell chip unit to Bain Capital-led group for $18 billion

TOKYO (Reuters) - Japan's Toshiba Corp agreed on Wednesday to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP, a key step in keeping the struggling Japanese conglomerate listed on the Tokyo exchange.

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Pfizer sues Johnson & Johnson over Remicade biosimilar

(Reuters) - Pfizer Inc on Wednesday filed a lawsuit against Johnson & Johnson , saying that the drugmaker's anticompetitive contracts with health insurers prevented biosimilar competition to its blockbuster rheumatoid arthritis drug, Remicade.

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Wall St. opens flat as investors await Fed decision

(Reuters) - Wall Street opened little changed on Wednesday as investors waited for the conclusion of the two-day Federal Reserve meeting for indications of a third interest rate hike this year.

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Clariant short-sellers squeezed as activist Corvex doubles-down

LONDON (Reuters) - Hedge funds have trimmed bets on a fall in shares of Clariant , just as activist investor Corvex increases pressure on the Swiss chemicals company to ditch a $20 billion M&A deal with rival Huntsman .

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UPS expects to hire about 95,000 workers for holiday season

(Reuters) - Package delivery company United Parcel Service Inc said it expected to hire about 95,000 seasonal employees for its crucial peak holiday season for the fourth straight year.

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Toshiba says seals $18 billion deal to sell chip unit to Bain Capital group

TOKYO (Reuters) - Japan's Toshiba Corp said on Wednesday it has agreed to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP, a key step in keeping the struggling Japanese conglomerate listed on the Tokyo exchange.

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As Apple slows, fast-moving Chinese rivals gain in wealthy markets

HONG KONG/SINGAPORE (Reuters) - Slowing innovation at iPhone maker Apple gives Asian rivals their best chance yet to conquer developed markets, retailers and consumers say - thanks to better designs and lower prices.

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Futures flat as investors focus on Fed meeting

(Reuters) - U.S. stock index futures were little changed on Wednesday as investors awaited clues from the Federal Reserve meeting on whether the central bank will raise interest rates for a third time this year.

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Wal-Mart to give more hours to current staff this holiday season

(Reuters) - Wal-Mart Stores Inc said on Wednesday it would not hire temporary workers this holiday season and would instead offer the extra hours to its current employees.

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Eurowings wins union backing to speed up hiring amid Air Berlin turbulence

BERLIN (Reuters) - Lufthansa budget unit Eurowings has agreed a deal with the Verdi union that will allow it to hire new cabin crew at short notice from rivals such as bankrupt Air Berlin .

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T-Mobile U.S. explores takeover of Sprint: source

(Reuters) - U.S. wireless carrier T-Mobile US Inc is exploring taking over rival Sprint Corp in an all-stock deal, after SoftBank Group Corp offered to give up its majority ownership of Sprint, a person familiar with the matter said.

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Toshiba selects Bain group as buyer of its prized chip business: sources

TOKYO (Reuters) - Japan's embattled Toshiba Corp has chosen a group led by U.S. private equity firm Bain Capital to buy its prized memory chip unit, three people with knowledge of the talks said on Wednesday, a last-minute dramatic twist to a highly contentious auction.

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Walmart, Target join call for 'Dreamer' legislation

(Reuters) - Wal-Mart Stores Inc, Target Corp and PepsiCo Inc on Wednesday joined an expanded group of nearly 800 companies calling in a letter for U.S. legislation to protect immigrants brought into the country illegally by their parents from deportation, according to organizer FWD.us.

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World stocks notch up new high but it's all about the Fed

LONDON (Reuters) - World stocks eked out a new record high on Wednesday and the dollar dipped against its major rivals with the focus on a U.S. Federal Reserve policy meeting that may give clues as to whether it will raise interest rates for a third time this year.

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BRIEF-Blackberry, Fleet Complete enter into reselling partnership

* Blackberry, Fleet Complete announced they have entered into reselling partnership that will expand Fleet Complete's current fleet tracking & monitoring solution Source text for Eikon: Further company coverage:

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Uber reviews Asia business amid U.S. bribery probe: source

(Reuters) - Uber Technologies Inc [UBER.UL], which is the subject of a U.S. federal probe into whether it broke bribery laws, has started a review of its Asia operations and notified U.S. authorities about payments made by staff to police officers in Indonesia, a person familiar with the matter told Reuters.

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Nikkei ends nearly flat after sharp rally on snap election hopes

TOKYO, Sept 20 (Reuters) - Japanese stocks were nearly flat on Wednesday after scaling highs not seen in more than two years on Tuesday, while investors stayed cautious before the U.S. Federal Reserve's policy meeting which ends later in the day.

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New Zealand election could put an obstacle in path to nailing TPP deal

WELLINGTON (Reuters) - If New Zealanders vote this weekend to change who governs them, that could create an obstacle to plans by members of the Trans-Pacific Partnership (TPP) to finalize a trade deal in November.

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Asia stocks steady, dollar treads water as investors count down to Fed

TOKYO (Reuters) - Asian stocks were mostly steady on Wednesday after Wall Street again rose to record highs, although movements were limited as a wait-and-see mood prevailed before the Federal Reserve reveals its monetary policy stance later in the day.

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Wells Fargo's lone outsider aims to clean up bank's reputation

NEW YORK (Reuters) - Before a sales scandal upended its reputation, Wells Fargo & Co was something of a proud outsider in Washington and on Wall Street compared to its big bank peers.

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How $5 billion of debt caught up with Toys 'R' Us

(Reuters) - Toys "R" Us Inc has been making $400 million in interest payments on its debt every year, largely due to its $6.6 billion leveraged buyout in 2005. This week, it succumbed to its debt burden, leading to the biggest bankruptcy of a U.S. retailer since that of Kmart in 2004.

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Toshiba selects Bain group as buyer of its memory chip business: sources

TOKYO (Reuters) - Japan's Toshiba Corp has selected a group led by U.S. private equity firm Bain Capital to buy its prized memory chip unit, three people with knowledge of the talks said on Wednesday, the latest dramatic twist to a highly contentious auction.

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Airbus opens China A330 plant amid market push

TIANJIN (Reuters) - Airbus SE on Wednesday opened its Chinese completion plant for A330 jets, with hopes that an increased presence in the world's fastest growing aviation market would help boost demand for the firm's profitable but ageing wide-body jets.

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Buffett calls pessimists about United States 'out of their mind'

NEW YORK (Reuters) - Uncertainty about how the United States will cope with growing tumult in the world has not dampened Warren Buffett's optimism for the country's prospects over the long term -- even 100 years into the future.

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Exclusive: Toshiba selects Bain group as buyer of its memory chip business - sources

TOKYO (Reuters) - Japan's embattled Toshiba Corp has selected a group led by U.S. private equity firm Bain Capital to buy its prized memory chip unit, three people with knowledge of the talks said on Wednesday.

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Asia steady after Wall St sets record highs, dollar treads water

TOKYO (Reuters) - Asian stocks were mostly steady on Wednesday after Wall Street again rose to record highs, although movements were limited as a wait-and-see mood prevailed before the Federal Reserve reveals its monetary policy stance later in the day.

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Uber reviews Asia business over bribery allegations in U.S.: Bloomberg

(Reuters) - Uber Technologies Inc [UBER.UL], which is the subject of a federal probe into whether it broke bribery laws, has started a review of its Asia operations and notified U.S. officials about payments made by staff in Indonesia, Bloomberg reported, citing people with knowledge of the matter.

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Asia steady after Wall St. notches record highs, dollar holds firm

TOKYO (Reuters) - Asian stocks were mostly steady on Wednesday after Wall Street again rose to record highs, although movements were limited as a wait-and-see mood prevailed before the Federal Reserve reveals its monetary policy stance later in the day.

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Cyber attack, hurricane weigh on FedEx quarterly profit

(Reuters) - Package delivery company FedEx Corp said on Tuesday a June cyber attack on its Dutch unit slashed $300 million from its quarterly profit, and the company lowered its full-year earnings forecast.

businessNews reuters.com

Wall Street edges higher; U.S. Fed meeting in focus

(Reuters) - The three major U.S. stock indexes edged higher on Tuesday, logging closing records, with financial stocks providing the biggest boost a day ahead of the Federal Reserve's concluding statement from its two-day policy meeting.

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T-Mobile US explores takeover of Sprint: source

(Reuters) - U.S. wireless carrier T-Mobile US Inc is exploring taking over rival Sprint Corp in an all-stock deal, after SoftBank Group Corp offered to give up its majority ownership of Sprint, a person familiar with the matter said.

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Ford to cut production at five North American vehicle plants

DETROIT (Reuters) - Ford Motor Co said on Tuesday it plans to idle five North American vehicle assembly plants for a total of 10 weeks to reduce inventories of slow-selling models.

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FedEx quarterly profit falls

(Reuters) - Package delivery company FedEx Corp on Tuesday reported a lower quarterly net profit due to service disruptions following June's Petya cyber attack on its Dutch delivery unit TNT Express and the impact of Hurricane Harvey.

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Wall St edges up on financials as Fed eyed

NEW YORK (Reuters) - U.S. stocks closed slightly higher on Tuesday but trading was in a narrow range with financial stocks providing the biggest boost ahead of the conclusion of the Federal Reserve's two-day policy meeting.

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U.S. bankruptcy judge says will approve loan for Toys 'R' Us

WILMINGTON, Del (Reuters) - The U.S. Bankruptcy judge overseeing the Chapter 11 of Toys 'R' Us said on Tuesday he would approve the company's request to borrow more than $2 billion to help stabilize the largest U.S. toy chain as it builds inventory for the year-end shopping season.

businessNews reuters.com

Wall St. edges up as U.S. Fed meeting is in focus

(Reuters) - U.S. stocks were slightly higher on Tuesday, helped by gains in financial, technology and telecom stocks, but indexes traded in a narrow range as investors stayed away from making major bets ahead of the Federal Reserve's policy meeting.

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U.S. watchdog settled for small fine over Wells Fargo phony accounts: report

WASHINGTON (Reuters) - A consumer watchdog agency could have levied $10 billion in penalties against Wells Fargo & Co last year for opening unauthorized customer accounts, but settled for a fraction of that to resolve the matter quickly, according to regulatory documents released on Tuesday.

Murders, Attempted Murders and Homicides nytimes.com

White Baton Rouge Suspect Is Charged With Murder in Killings of Two Black Men

The police said that the killings may have been racially motivated. The suspect was arrested twice in recent days on unrelated charges but was released.

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Exclusive: Toshiba flips back towards Western Digital group for chip unit sale - sources

TOKYO (Reuters) - Toshiba Corp is shifting back toward selling its prized semiconductor unit to a group backed by joint venture partner Western Digital Corp , people familiar with the deal said.

Historic Buildings and Sites nytimes.com

The Latest Design Trend: Black and Burned Wood

An ancient Japanese technique protects cedar by charring it a witchy charcoal. It’s having a renaissance in the West (for less practical reasons).

businessNews reuters.com

Tesla shares fall from record high after warning from analyst

SAN FRANCISCO (Reuters) - Shares of Tesla fell from record highs on Tuesday after an analyst warned that the electric car maker may take longer than expected to become profitable.

businessNews reuters.com

Exclusive: Toshiba flips back to favoring Western Digital group for chip unit sale - sources

TOKYO (Reuters) - Toshiba Corp is shifting back toward selling its prized semiconductor unit to a group backed by joint venture partner Western Digital Corp , just days after saying it was leaning toward a rival bid including a South Korean chipmaker, people familiar with the deal said in the latest in a series of twists for the critical deal.

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Massachusetts sues Equifax as hack concerns spread to Canada

(Reuters) - Massachusetts Attorney General Maura Healey filed a lawsuit on Tuesday against credit reporting firm Equifax Inc following a breach that exposed the personal data of up to 143 million people, including 3 million in the state.

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Black cops in St. Louis stuck between public, fellow officers

ST. LOUIS (Reuters) - During a peaceful protest moments before St. Louis would erupt into three nights of racially charged riots, five people confronted a black police officer alone in his Jeep.

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Wall St. edges up on telecom gains; Fed meet in focus

(Reuters) - U.S. stocks edged up in early afternoon trading on Tuesday, helped largely by gains in telecom stocks, but traded in a narrow range as investors stayed away from making major bets ahead of the Federal Reserve's policy meeting.

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Fiat Chrysler recalls 494,000 pickup trucks for fire risk

WASHINGTON (Reuters) - Fiat Chrysler Automobiles NV said Tuesday it will recall 494,000 medium and heavy-duty Ram pickup trucks worldwide because of a water pump that could overheat and potentially cause a fire.

domesticNews reuters.com

White man arrested in killings of two black men in Louisiana

(Reuters) - A 23-year-old white man was arrested on Tuesday and will be charged with murder in the shooting deaths of two black men in Baton Rouge, Louisiana, local and state authorities said at a news conference.

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Massachusetts sues Equifax for not protecting state residents

(Reuters) - Massachusetts Attorney General Maura Healey filed a lawsuit on Tuesday against credit reporting firm Equifax Inc following a breach that exposed the personal data of as many as 143 million people, including 3 million in the state.

companyNews reuters.com

UPDATE 1-Investors snap up Indian insurer ICICI Lombard's IPO

* Insurer IPOs to drive fund raising in 2017 (Updates with IPO closing, analyst comment)

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Wall St. little changed as investors focus on Fed meeting

(Reuters) - U.S. stocks were little changed on Tuesday as investors held back from making major bets ahead of the Federal Reserve's policy meeting that is expected to roll out a plan to pare the central bank's debt holdings.

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Walgreens gets regulatory nod for slimmed-down Rite Aid deal

(Reuters) - U.S. antitrust regulators have allowed a slimmed-down deal for drugstore chain Walgreens Boots Alliance Inc to buy about 42 percent of Rite Aid Corp's U.S. stores for $4.38 billion, Walgreens said on Tuesday.

businessNews reuters.com

Massachusetts sues Equifax for failing to protect state residents

WASHINGTON (Reuters) - Massachusetts Attorney General Maura Healey filed a lawsuit on Tuesday against credit reporting firm Equifax following a breach that exposed personal data about up to 143 million people, 3 million in Massachusetts.

businessNews reuters.com

Toys 'R' Us seeks bankruptcy to survive retail upheaval

(Reuters) - Toys 'R' Us Inc, the largest U.S. toy store chain, which filed for bankruptcy late Monday, will ask a judge on Tuesday for permission to borrow money so that it can start paying suppliers to ensure it has Lego building blocks and Barbie dolls for the holiday season.

businessNews reuters.com

Alibaba-backed Best Inc cuts expected price range for U.S. IPO

(Reuters) - Alibaba Group-backed Chinese logistics firm Best Inc on Tuesday slashed the expected price range of its U.S. initial public offering, one day before its market debut, suggesting tepid investor enthusiasm.

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T-Mobile, Sprint in merger talks: CNBC

(Reuters) - U.S. wireless carriers T-Mobile US Inc and Sprint Corp are said to be in active merger talks, CNBC reported, citing sources.

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Wall St. little changed ahead of Fed's policy meeting

(Reuters) - U.S. stocks were little changed in morning trading on Tuesday as investors avoided taking major bets ahead of the two-day Federal Reserve meeting that is expected to roll out a plan to pare the central bank's bond holdings.

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Saudi Aramco could disclose accounts early 2018: sources

LONDON/DUBAI (Reuters) - Saudi Aramco will be able to release its audited financial accounts in early 2018 if the government decides on a venue for listing the oil giant's IPO and finalizes several reforms this year, three sources said.

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Wall St. opens slightly higher ahead of Fed meet

(Reuters) - U.S. stocks opened slightly higher on Tuesday, with the Dow hitting another record, ahead of the two-day Federal Reserve meeting that is expected to roll out a plan to pare the central bank's bond holdings.

companyNews reuters.com

US STOCKS SNAPSHOT-Wall St opens slightly higher ahead of Fed meet

Sept 19 (Reuters) - U.S. stocks opened slightly higher on Tuesday, with the Dow hitting another record, ahead of the two-day Federal Reserve meeting that is expected to roll out a plan to pare the central bank's bond holdings.

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Volvo Cars plans U.S. plant expansion, doubling investment: source

STOCKHOLM (Reuters) - Volvo Cars is doubling investment in its first U.S. plant under construction to add a second production line at a total cost of $1 billion, a source with knowledge of the plans said, as the carmaker heads for a fourth straight year of record sales.

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Walgreens gets regulator's nod to buy Rite Aid stores

(Reuters) - Drugstore chain Walgreens Boots Alliance Inc said on Tuesday it received regulatory clearance to buy 1,932 stores, 254 stores lesser than it had previously intended, from Rite Aid Corp for $4.38 billion.

California Today nytimes.com

California Today: California Today: What if Legal Pot Costs More Than Black-Market Pot?

Tuesday: Looming trouble with black-market marijuana, a raucous news conference for Nancy Pelosi, and the pain of San Diego’s Charger fans.

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Nokia's French jobs cut plan suspended until October 2: French minister

PARIS (Reuters) - Nokia's plan to cut almost 600 jobs in France is suspended until Oct. 2, French junior economy minister Benjamin Griveaux said on Tuesday after meeting the head of the Finnish telecom equipment maker's French unit.

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Futures slightly higher ahead of Federal Reserve meeting

(Reuters) - U.S. stock index futures were slightly higher on Tuesday, ahead of the Federal Reserve's two-day policy meeting, which would give investors clues on the timing of the next U.S. interest rate hike.

Murders, Attempted Murders and Homicides nytimes.com

A ‘Quest for Justice’ for Murdered Civil Rights Pioneer, 52 Years Later

Who killed Alberta Jones, Louisville’s first black prosecutor, in 1965? Prodded by a professor, the police are trying again to find out.

businessNews reuters.com

Kohl's to accept Amazon returns in 82 stores

(Reuters) - Department store operator Kohl's Corp said on Tuesday that select merchandise bought from Amazon.com Inc can be returned at 82 Kohl's stores in Los Angeles and Chicago, starting October.

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Myanmar's Suu Kyi condemns abuses in Rakhine, but rights groups critical

NAYPYITAW (Reuters) - Myanmar leader Aung San Suu Kyi condemned on Tuesday human rights violations in Rakhine state and said violators would be brought to book, but she did not address U.N. accusations of a campaign of ethnic cleansing by the military.

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Billionaire Ratcliffe seeks British backing for Defender-style 4x4

LONDON (Reuters) - An off-roader modeled on Land Rover's classic Defender could be rolling off British production lines if the owner of petrochemicals giant Ineos can win government backing for it.

businessNews reuters.com

Airbus looks to China for A380 jumbo amid sluggish global sales

BEIJING (Reuters) - Chinese airlines could need between 60 and 100 Airbus A380 jets over the next five or so years as passenger traffic grows, the plane maker's China head said on Tuesday, amid rising questions over future demand for the super jumbo.

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Airbus eyes China for A380 jumbo amid sluggish global sales

BEIJING (Reuters) - Chinese airlines could need between 60 and 100 of Airbus SE's A380 jets over the next five or so years as passenger traffic grows, the plane maker's China head said on Tuesday, amid rising questions over future demand for the super jumbo.

worldNews reuters.com

Afghan Air Force receives first Black Hawk helicopters

KABUL (Reuters) - The Afghan Air Force took delivery of its first four U.S.-made UH-60 Black Hawk helicopters on Tuesday as part of a planned replacement of its aging fleet of Russian-made Mi-17 helicopters, officials said.

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Swiss shut down 'fake' E-Coin in latest cryptocurrency crackdown

ZURICH (Reuters) - Switzerland's financial watchdog has closed down what it said was the provider of a fake cryptocurrency and is investigating around a dozen other possible fraud cases, in the latest clamp-down on the risks involving virtual money.

businessNews reuters.com

Shares tap brakes, dollar reverses as Fed nears

LONDON (Reuters) - Record-high world stocks braked and the dollar dipped on Tuesday ahead of a two-day meeting of the Federal Reserve after which it is expected to detail plans to shrink its balance sheet and gradually keep lifting U.S. interest rates.

businessNews reuters.com

Activist lifts Clariant stake, aiming to scuttle Huntsman deal

ZURICH (Reuters) - The activist investor fighting Clariant's planned $20 billion merger with Huntsman Corp has built a 15.1 percent stake in the Swiss chemicals maker, making it the company's biggest shareholder.

businessNews reuters.com

Bayer says needs more time for Monsanto deal approval

MONHEIM, Germany (Reuters) - German drugs and pesticides maker Bayer said it would likely take until early next year to complete the planned $66 billion takeover of U.S. seeds group Monsanto , which it had previously expected to be under wraps by the end of 2017.

topNews reuters.com

Myanmar's Suu Kyi condemns abuses in Rakhine but rights groups skeptical

NAYPYITAW (Reuters) - Myanmar leader Aung San Suu Kyi condemned on Tuesday any human rights violations in troubled Rakhine State and said anyone responsible would face the law, and that she felt deeply for the suffering of everyone caught up in the conflict there.

businessNews reuters.com

With new operating system, Apple revamps its money-making App Store

(Reuters) - Apple Inc's newest operating system for iPhones and iPads introduces changes to its marketplace for third-party software to satisfy app developers and add new so-called augmented reality apps.

companyNews reuters.com

Nikkei scales over 2-yr high on weak yen, snap election hope

* Nintendo hits 9-year high after Credit Suisse raises rating

businessNews reuters.com

Asian shares slip as investors await Fed meeting for rate clues

TOKYO (Reuters) - Asian shares slipped on Tuesday, hobbled by uncertainty as traders awaited a Federal Reserve meeting for clues on U.S. monetary policy, though sentiment was supported by record highs on Wall Street.

topNews reuters.com

Myanmar's Suu Kyi condemns rights abuse, decries suffering in Rakhine

NAYPYITAW (Reuters) - Myanmar leader Aung San Suu Kyi condemned on Tuesday any human rights violations in troubled Rakhine State and said anyone responsible would face the law, and that she felt deeply for the suffering of everyone caught up in the conflict there.

businessNews reuters.com

Activist builds 15.1 percent Clariant stake, fights Huntsman deal

ZURICH (Reuters) - The activist investor fighting Clariant's planned $20 billion merger with Huntsman Corp has built a 15.1 percent stake in the Swiss chemical maker, making it the company's biggest shareholder.

businessNews reuters.com

Toyota president says will continue to make variety of vehicle types

TOKYO (Reuters) - Toyota Motor Corp President Akio Toyoda on Tuesday said his company would continue to make a variety of vehicle types available to customers, even as tighter global regulations are prompting automakers to develop more electric vehicles.

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Austrian minister says Airbus settlement still possible in lawsuit

VIENNA (Reuters) - Austria's defense minister said on Tuesday he stands by his legal complaint against Airbus about allegations of fraud over a $2 billion fighter deal but still considers an eventual out-of-court settlement an option.

businessNews reuters.com

Toys 'R' Us files for bankruptcy ahead of holiday season

(Reuters) - Toys 'R' Us Inc, the largest U.S. toy store chain, filed for bankruptcy protection late Monday, the latest sign of turmoil in the retail industry that is caught in a viselike grip of online shopping and discount chains.

businessNews reuters.com

Alibaba-backed logistics firm Best slashes proposed U.S. IPO: IFR

HONG KONG (Reuters) - Best Inc, a Chinese logistics company backed by Alibaba Group , slashed its proposed U.S. initial public offering after receiving tepid response from investors to its initial valuation, IFR reported on Tuesday, citing people close to the deal.

topNews reuters.com

Myanmar's Suu Kyi condemns all rights violations in Rakhine State

NAYPYITAW (Reuters) - Myanmar leader Aung San Suu Kyi condemned all human rights violations on Tuesday and said anyone responsible for abuses in troubled Rakhine State would face the law.

businessNews reuters.com

Asian shares waver as investors await Fed meeting for rate clues

TOKYO (Reuters) - Asian shares slipped on Tuesday, supported by record highs on Wall Street but hobbled by uncertainty as traders awaited a Federal Reserve meeting for clues on U.S. monetary policy.

businessNews reuters.com

Toys 'R' Us files for bankruptcy protection

(Reuters) - Toys "R" Us Inc, the largest U.S. toy store chain, filed for bankruptcy protection on Monday, the latest sign of turmoil in the retail industry caught in a viselike grip of online shopping and discount chains.

businessNews reuters.com

Creditors back CBS's bid for Australia's Ten Network

SYDNEY (Reuters) - Creditors of Australia's embattled Ten Network Holdings Ltd on Tuesday agreed to a A$209.7 million ($167 million) buyout from CBS Corp , effectively ending a battle for control between the U.S. broadcasting giant and Lachlan Murdoch.

companyNews reuters.com

Nikkei rises to 2-1/2 month high on weak yen, snap election hope

TOKYO, Sept 19 (Reuters) - Japan's Nikkei share average rose to 2-1/2 month highs on Tuesday as investor confidence was boosted by a weakening yen and strong U.S. shares, lifting cyclical stocks such as exporters and financial companies.

cnn.com

Voting commission member calls for hard-liner's resignation after email

A member of the Presidential Advisory Commission on Election Integrity is calling on a voter fraud hard-liner to resign from the panel after a controversial email he sent about the panel's makeup became public.

businessNews reuters.com

Asian shares wobble as investors await Fed meeting for rate clues

TOKYO (Reuters) - Asian shares wavered on Tuesday, bolstered by record highs on Wall Street but hobbled by uncertainty as traders waited on a Federal Reserve meeting for clues on U.S. monetary policy.

businessNews reuters.com

CBS raises bid for Australia's Ten Network

SYDNEY (Reuters) - CBS Corp has sweetened its bid for Australian broadcaster Ten Network Holdings Ltd , ahead of a key creditors' vote later on Tuesday on the future of the company.

companyNews reuters.com

BRIEF-Tejon Ranch Company announces terms for rights offering to stockholders

* Says ‍each subscription right to entitle holder to buy 0.2 shares of common stock using purchase price of $18.00/whole share​

News and News Media nytimes.com

Fox News Contributor Says Rape Allegation Blacklisted Her

The political commentator Scottie Nell Hughes claims that she was raped by the anchor Charles Payne and retaliated against by the network.

businessNews reuters.com

Toy companies' shares tumble on concerns of Toys 'R' Us bankruptcy

(Reuters) - Shares of U.S. toy companies Mattel Inc and Hasbro Inc fell on Monday on concerns that retailer Toys "R" Us, a major customer, could be filing for bankruptcy protection before the holiday sales season.

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FedEx to raise shipping rates for some services

(Reuters) - Package delivery company FedEx Corp said on Monday it would raise shipping rates for some of its services from Jan. 1.

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Sale of ex-Trump aide Scaramucci's SkyBridge on track: executive

BOSTON (Reuters) - The sale of former White House communications director Anthony Scaramucci's SkyBridge Capital LLC hedge fund investment firm to a consortium that includes a Chinese buyer is still on track, with the closing date expected in late September, the firm's chief investment officer said on Monday.

businessNews reuters.com

Chipotle slides as customers turn up noses at cheese dip

SAN FRANCISCO (Reuters) - Shares of Chipotle Mexican Grill sank more than 3 percent on Monday as customers on social media turned up their noses at the burrito seller's new "queso" cheese topping.

businessNews reuters.com

Toy companies' shares fall on concerns of Toys 'R' Us bankruptcy

(Reuters) - Shares of U.S. toy companies Mattel Inc and Hasbro Inc fell on Monday on concerns that retailer Toys "R" Us, a major customer, could be filing for bankruptcy before the holiday sales season.

businessNews reuters.com

Chipotle slides as customers turn up nose at cheese dip

SAN FRANCISCO (Reuters) - Shares of Chipotle Mexican Grill sank 3 percent on Monday as customers on social media turned up their noses at the burrito seller's new "queso" cheese topping.

businessNews reuters.com

Wall St. clings to records, helped by banks; tech falters

(Reuters) - The S&P 500 clung to a small gain on Monday, led by financial stocks ahead of a Federal Reserve meeting, while Nasdaq pared gains sharply as technology stocks reversed course after news of a pricing change at Amazon.com's web services business.

domesticNews reuters.com

Black Ohio man sues city of Columbus over police use of force

(Reuters) - A black Ohio man is suing the city of Columbus and some of its police officers, alleging they used excessive force against himself and other African-Americans.

businessNews reuters.com

Banks, chips help Wall St. scale record levels

(Reuters) - The three major U.S. indexes were trading at record levels on Monday, powered by gains in financial, technology and industrial stocks, with focus on Federal Reserve's policy meet.

businessNews reuters.com

Justice Department barred from sharing Volkswagen documents: judge

WASHINGTON (Reuters) - A federal magistrate judge blocked the U.S. Justice Department from sharing with a German law firm 25 million pages of records disclosed by Volkswagen AG in the government's diesel emissions investigation.

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Honda invests $267 million, to add 300 jobs for new Accord model

DETROIT (Reuters) - Honda Motor Co Ltd said on Monday its has invested $267 million and will add 300 new jobs to support increased production of its revamped 2018 Accord sedan model at the Japanese automaker's plant in Marysville, Ohio.

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Intel collaborates with Waymo on self-driving compute design

SAN FRANCISCO (Reuters) - Intel Corp on Monday announced a collaboration with Alphabet's Waymo self-driving unit, saying it had worked with the company during the design of its compute platform to allow autonomous cars to process information in real time.

businessNews reuters.com

Financials, industrials power S&P, Dow to record highs

(Reuters) - Wall Street hit new life highs on Monday powered by financials, technology and industrials stocks even as investors await cues from the Federal Reserve on its future path of monetary policy.

businessNews reuters.com

Nvidia hits another record high as AI takes centerstage

(Reuters) - Shares of Nvidia Corp touched a record high for the second straight day on Monday following yet another steep increase in the chipmaker's price target by a Wall Street analyst.

PersonalFinance reuters.com

MSCI names Jeremy Baskin as head of Americas client coverage

(Reuters) - U.S. index provider MSCI Inc on Monday named Jeremy Baskin as head of client coverage in the Americas, replacing Jay McNamara.

companyNews reuters.com

MOVES-MSCI names Jeremy Baskin as head of Americas client coverage

Sept 18 (Reuters) - U.S. index provider MSCI Inc on Monday named Jeremy Baskin as head of client coverage in the Americas, replacing Jay McNamara.

businessNews reuters.com

Dollar Tree promotes Gary Philbin to CEO

(Reuters) - Dollar Tree Inc said on Monday Bob Sasser, the architect of the U.S. discount retailer's $9.1 billion acquisition of Family Dollar, will be replaced as chief executive by Gary Philbin, the company's enterprise president.

businessNews reuters.com

Wall St. hits new record highs as financials, industrials gain

(Reuters) - Wall Street hit new life highs after open on Monday lifted by industrials and financials stocks as tensions eased on the Korean peninsula and focus shifted to the Federal Reserve's meeting.

businessNews reuters.com

New York governor says Equifax, other credit reporting companies must register with state

WASHINGTON (Reuters) - New York Governor Andrew Cuomo said in a statement on Monday that all credit reporting agencies must register with the state and comply with its cyber security rules.

businessNews reuters.com

Coffee rivals square off in Italy ahead of Starbucks invasion

MILAN (Reuters) - Two of Italy's biggest coffee houses are reinforcing their brands with flagship cafes in Milan near the spot where U.S. rival Starbucks is set to begin an invasion next year.

businessNews reuters.com

S&P, Dow open at record highs

(Reuters) - The S&P and the Dow opened at record highs on Monday as appetite for riskier assets improved on easing tensions on the Korean peninsula and ahead of the Federal Reserve's meeting that could unveil plans to trim its bloated balance sheet.

businessNews reuters.com

Costly drugs to weigh on U.S. employers' expenses in 2018: survey

(Reuters) - U.S. employers are bracing for higher health care expenses in 2018 as spending on new drugs to treat diseases such as cancer, multiple sclerosis and hepatitis C is expected to rise more than 7 percent, according to consultancy firm Mercer.

businessNews reuters.com

Dollar Tree names Gary Philbin as new CEO

(Reuters) - U.S. discount retailer Dollar Tree Inc said on Monday Bob Sasser will be replaced as chief executive by Gary Philbin, the company's enterprise president, effective immediately.

worldNews reuters.com

Iceland sets snap election for Oct. 28: president

COPENHAGEN (Reuters) - Iceland will hold a snap parliamentary election on Oct. 28, President Gudni Johannesson said on Monday, after the current government collapsed last week due to a scandal involving the prime minister's father.

businessNews reuters.com

Futures higher as North Korea tensions ease

(Reuters) - U.S. stock index futures were higher on Monday, indicating a continuation of last week's winning streak, as investor appetite for riskier assets increased on easing tensions on the Korean peninsula and ahead of Federal Reserve's rate-setting meeting.

cnn.com

Snapchat pulls Al Jazeera channel in Saudi Arabia

businessNews reuters.com

U.S. trial set to begin for ex-HSBC executive in foreign exchange scheme

NEW YORK (Reuters) - A former high-ranking HSBC Holdings Plc executive from Britain on Monday will become the first person to go to trial on charges stemming from a U.S. probe into foreign exchange rate manipulation.

businessNews reuters.com

U.S. appeals WTO ruling that it failed to withdraw Boeing tax break

GENEVA (Reuters) - The United States has appealed a ruling by the World Trade Organization which said it had not withdrawn a tax break for Boeing Co as required, a U.S. filing published by the global trade body showed on Monday.

worldNews reuters.com

Duterte invites U.N. rights body to open Philippine office as drug killings climb

MANILA (Reuters) - Philippine President Rodrigo Duterte on Monday invited the United Nations' human rights monitor to set up office in the country and join all anti-narcotic operations, amid growing public and global criticism of his bloody war on drugs.

businessNews reuters.com

Airbus hits back against Austria in Eurofighter row

VIENNA (Reuters) - Airbus has filed a legal submission to Austrian prosecutors denying any wrongdoing in response to allegations of fraud and wilful deception linked to a $2 billion fighter deal.

businessNews reuters.com

Northrop Grumman to buy missile maker Orbital for $7.8 billion

(Reuters) - U.S. defense contractor Northrop Grumman Corp said on Monday it would buy missile and rocket maker Orbital ATK Inc for about $7.8 billion in cash, with plans to establish a new, fourth business sector.

businessNews reuters.com

South Africa's tax service to take legal action against KPMG

PRETORIA (Reuters) - South Africa's tax agency said on Monday it will launch legal proceedings against KPMG for reputational damage caused when the auditor released details of a confidential report it had compiled for the tax office.

businessNews reuters.com

Walgreens to revise Rite Aid stores deal for antitrust approval: Bloomberg

(Reuters) - Walgreens Boots Alliance Inc is set to revise its agreement to buy some Rite Aid Corp stores, a move enough for the drugstore chain operator to resolve outstanding antitrust concerns, Bloomberg reported.

businessNews reuters.com

China plans four-month crackdown to protect foreign investors' intellectual property rights

BEIJING (Reuters) - China's commerce ministry on Monday uneveiled a four-month crackdown, running from September until the end of 2017, to protect the intellectual property rights of companies with foreign investors.

businessNews reuters.com

South Africa tax service to take legal action against KPMG

PRETORIA (Reuters) - South Africa's Revenue Service (SARS) will launch legal proceedings against KPMG due to reputational damage caused by the auditor releasing details of a confidential report it produced for the tax agency, commissioner Tom Moyane said on Monday.

businessNews reuters.com

World stocks peak at start of Fed-fueled week

LONDON (Reuters) - World stocks hit a record high on Monday and the dollar reached an eight-week peak against the yen on expectations that the U.S. Federal Reserve will this week announce trimming of its balance sheet, part of a reversal of cheap money worldwide.

businessNews reuters.com

China expresses concern over EU push to curb foreign takeovers

BEIJING (Reuters) - China expressed concern on Monday over a proposal by European Commission chief Jean-Claude Juncker to limit its ability to buy up European companies in the infrastructure, hi-tech manufacturing and energy industries.