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Iran in talks to buy 48 Airbus helicopters: report

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DUBAI (Reuters) - Iran is holding talks with European planemaker Airbus to buy 48 helicopters for civilian use, an Iranian official was on Saturday quoted as saying, as Iran continues its shopping spree of Western aircraft after the lifting of sanctions. [Source]

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Microsoft to drop lawsuit after U.S. government revises data request rules

(Reuters) - Microsoft Corp said it will drop a lawsuit against the U.S. government after the Department of Justice (DOJ) changed data request rules on alerting internet users about agencies accessing their information.

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Doing the heavy lifting: investors eye tech-tonic shifts for Europe’s industrials

LONDON (Reuters) - Investment funds seeking to invest at the intersection of Europe and technology are finding rich pickings in places that some may find surprising: sprawling industrials like trains-to-turbines Siemens and engineering group ABB.

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Amazon rivals turn to legal fine print to stem Whole Foods strategy

SAN FRANCISCO (Reuters) - Whole Foods Market met a new foe this summer during talks to lease a top retail space in a San Francisco mall: the Target next door.

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Toshiba considering measures in case chip unit sale not completed by March

CHIBA CITY, Japan (Reuters) - Japan's embattled Toshiba Corp said on Tuesday it is considering various measures in case it cannot complete the $18 billion sale of its prized flash memory chip unit by the end of March.

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Airbnb's China head exits, a week after co-founder named unit's chair

BEIJING (Reuters) - The head of Airbnb Inc's China business has resigned four months after taking the role, the company confirmed on Tuesday, the latest leadership change for the unit which operates in an country where residency and movement are regulated.

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Heineken bets on motor racing for Asian payout

MONZA, Italy (Reuters) - Heineken is betting on Formula One to help it reclaim the title of leading global lager from Budweiser, a strategy that depends on broadening the sport's appeal in Asia and persuading fans to pay more for their beer.

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Asian shares hover near recent highs; NZ dollar slips

SYDNEY (Reuters) - Asian shares held within striking distance of recent decade highs on Tuesday and major currencies kept to narrow ranges, while the New Zealand dollar fell after the country's incoming Labour government laid out its left-leaning priorities.

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Kobe Steel plant that supplied plane components being checked

TOKYO (Reuters) - Japanese authorities are conducting safety checks at a Kobe Steel Ltd aluminum plant that supplied components for a domestically built passenger aircraft, the transport minister said on Tuesday.

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Toshiba says considering measures in case chip unit sale uncompleted by March

Chiba, JAPAN (Reuters) - Toshiba Corp is considering various measures in case it will not be able to complete the $18 billion sale of its prized chip unit by the end of March, its chief executive said on Tuesday.

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Amazon says studio executive Joe Lewis resigns

(Reuters) - Amazon.com Inc on Monday said Joe Lewis, the head of comedy and drama at its entertainment studio unit, has stepped down, but gave no reason for his resignation.

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U.S. law firm files class suit against Rio Tinto over Mozambique coal

SYDNEY (Reuters) - A U.S. law firm has filed a class action suit against mining giant Rio Tinto, which is facing U.S. Securities and Exchange Commission (SEC) fraud charges stemming from an ill-fated investment in Mozambique coal mining.

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Kobe Steel plant under inspection: transport minister

TOKYO (Reuters) - One of the Kobe Steel Ltd plants at the heart of a product data cheating scandal is under inspection, Japan's transport minister said on Tuesday.

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Asian shares hover near recent highs; China Congress eyed

SYDNEY (Reuters) - Asian shares held within striking distance of recent decade highs on Tuesday even as Wall Street fell from record levels, while currencies kept to narrow ranges ahead of key economic events.

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Exclusive: Hedge fund Baupost snaps up claims against Toshiba - sources

(Reuters) - Hedge fund The Baupost Group LLC has acquired the biggest chunk of a $2.2 billion claim that two South Carolina utilities had against Toshiba Corp following the bankruptcy of its nuclear power subsidiary, people familiar with the matter said on Monday.

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Kobe Steel plant is under inspection by Japan ministry: Kyodo

TOKYO (Reuters) - One of the Kobe Steel Ltd plants at the heart of a product data cheating scandal is being inspected by Japan's transport ministry, Kyodo News reported on Tuesday.

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U.S. companies act on climate despite Trump: survey

OSLO (Reuters) - U.S. companies are still among the most ambitious in setting targets to combat global warming despite President Donald Trump's plans to quit the 195-nation Paris climate agreement, a 2017 survey showed on Tuesday.

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U.S. SEC to require greater transparency around company audits

WASHINGTON (Reuters) - The Securities and Exchange Commission will now require companies participating in audits to disclose remarks and inquiries made by independent auditors, the main U.S. financial regulator said on Monday.

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Boeing signs $13.8 billion deal with Singapore Airlines

WASHINGTON (Reuters) - Boeing Co on Monday signed a previously announced deal with Singapore Airlines Ltd to sell it 39 aircraft worth $13.8 billion at list prices during a White House event with Singapore's prime minister.

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Google's latest iPhone rival off to a rocky start

SAN FRANCISCO (Reuters) - The launch of Alphabet Inc's second-generation Google Pixel smartphones has been hampered by display screen problems and pricing and shipping issues, prompting the company to open an investigation and issue multiple apologies to customers.

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Abadi defends role of Iranian-backed paramiltaries at meeting with Tillerson

BAGHDAD (Reuters) - Iraqi Prime Minister Haider al-Abadi defended the role of an Iranian-backed paramilitary force at a meeting with U.S. Secretary of State Rex Tillerson on Monday in Baghdad.

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Wall St. retreats from record as industrials, tech lag

NEW YORK (Reuters) - U.S. stocks declined on Monday as each of the major Wall Street indexes retreated from a record, weighed down by a drop in technology and industrial shares.

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Fiat Chrysler sues shippers over alleged price fixing

WASHINGTON (Reuters) - Fiat Chrysler Automobiles NV has lodged a complaint with a U.S. regulator seeking "reparations" from a group of shipping companies from Asia, Europe and South America that admitted to fixing prices for shipping vehicles, according to documents made public on Monday.

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Iphone X demand will be substantial, but not exceptional: survey

(Reuters) - Days before Apple Inc's much-awaited iPhone X opens for preorders, a survey by brokerage Bernstein showed that demand for the device will be substantial, but not exceptional, with about a quarter of the respondents planning to buy the phone.

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Wall St. stalls as industrials lag

NEW YORK (Reuters) - U.S. stocks were little changed, with the S&P 500 retreating slightly from a record on Monday, as a drop in General Electric weighed on industrial shares.

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U.S. regulators approve fix for 38,000 VW 3.0-liter diesel SUVs

WASHINGTON (Reuters) - U.S. and California regulators have approved a fix for about 38,000 Volkswagen AG 3.0-liter vehicles with potential excess emissions, a decision that could save the automaker more than $1 billion, according to a letter made public on Monday.

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U.S. jury finds ex-HSBC executive guilty of fraud in $3.5 billion currency trade

NEW YORK (Reuters) - A U.S. jury on Monday found a former HSBC Holdings Plc executive guilty of defrauding Cairn Energy Plc in a $3.5 billion currency trade in 2011.

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Tensions ease over Pratt engine supplies to Airbus: sources

PARIS (Reuters) - Airbus is more confident in the ability of Pratt & Whitney to speed up delayed engine shipments, two people familiar with the matter said on Monday, in a sign that supply-chain gridlock affecting European aircraft deliveries may soon reach its peak.

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Tensions ease over Pratt engine supplies to Airbus -sources

PARIS, Oct 23 (Reuters) - Airbus is more confident in the ability of Pratt & Whitney to speed up delayed engine shipments, two people familiar with the matter said on Monday, in a sign that supply-chain gridlock affecting European aircraft deliveries may soon reach its peak.

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Losses in GE keep Wall Street in check

(Reuters) - U.S. stocks traded in a narrow range on Monday, with losses in industrial shares led by GE offsetting gains in healthcare and technology sectors.

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Halliburton warns of slower growth as U.S. rig count drops

(Reuters) - Oilfield services giant Halliburton Co on Monday warned of slower growth at its oil well drilling and evaluation business, reflecting a steady drop in rig counts in the United States.

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Ex-HSBC executive found guilty of fraud in $3.5 billion currency trade

NEW YORK (Reuters) - A U.S. jury on Monday found a former HSBC Holdings Plc executive guilty of defrauding Cairn Energy Plc in a $3.5 billion currency trade in 2011.

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Iraq rejects U.S. call for Iran-backed forces to end operations

BAGHDAD (Reuters) - The Iraqi government dismissed a call from U.S. Secretary of State Rex Tillerson for Iranian-backed paramilitary units that helped Baghdad defeat Islamic State and capture the Kurdish-held city of Kirkuk to end operations in Iraq.

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Fidelity Chairman's video to employees: no tolerance for harassment

BOSTON (Reuters) - Fidelity Investments Chairman Abigail Johnson on Monday delivered a direct message to more than 40,000 employees at the asset management company: There's no tolerance for harassment.

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Wall Street pares gains as GE, tech stocks drag

(Reuters) - U.S. stocks gave up early gains in late morning trading on Monday, with losses in GE and technology shares weighing on the Wall Street indexes.

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Cisco buys BroadSoft for $1.71 bln in software push

(Reuters) - Cisco Systems Inc will buy software company BroadSoft Inc for $1.71 billion, it said on Monday, in a deal that boosts Cisco's collaboration tools and helps the company diversify its offerings away from switching and routing.

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U.S. regulators approve fix for VW 3.0-liter diesel SUVs: letter

WASHINGTON (Reuters) - U.S. and California regulators approved a fix for about 38,000 Volkswagen AG 3.0-liter diesel sport utility vehicles with potential excess emissions, a decision that could save the automaker more than $1 billion according to a letter reviewed by Reuters.

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EU raids Daimler and VW in widening cartel inquiry

HAMBURG/BERLIN (Reuters) - European Union and German antitrust officials searched the offices of Daimler and Volkswagen on Monday, widening an inquiry into alleged collusion.

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UK PM May says she is 'ambitious and positive' about Brexit talks

LONDON (Reuters) - British Prime Minister Theresa May said on Monday she was "ambitious and positive" about the country's future and its negotiations to leave the European Union, describing the talks as being conducted in a "constructive spirit".

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EU calls leak of May-Juncker talks a smear

BRUSSELS (Reuters) - The European Commission said a newspaper report that Jean-Claude Juncker had disparaged Theresa May's "despondent" demeanor after a dinner last week was a deliberate smear intended to disrupt Brexit negotiations.

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Austrian conservative Kurz says needs more time on coalition talks

VIENNA (Reuters) - Austrian conservative leader Sebastian Kurz said on Monday he has yet to decide which party he plans to start coalition talks with, though he was still widely expected to turn to the far-right Freedom Party within days.

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Cisco buys BroadSoft for $1.71 billion in software push

(Reuters) - Cisco Systems Inc said on Monday it will buy software company BroadSoft Inc for $1.71 billion, as the world's largest networking gear producer moves away from a stagnating business in switches and routers.

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Wall Street at record levels after Abe's election win

(Reuters) - Wall Street indexes hovered at record levels on Monday as investors cheered the continuation of "Abenomics" following Japanese Prime Minister Shinzo Abe's emphatic win in the weekend polls.

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Apple, Samsung face new iPhone damages trial: U.S. judge

(Reuters) - A U.S. judge has ordered a new trial to determine how much Samsung Electronics Co should pay Apple Inc for copying the look of the iPhone.

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Apple sees its mobile devices as platform for artificial intelligence

TAIPEI (Reuters) - Apple Inc sees its mobile devices as a major platform for artificial intelligence in the future, Chief Operating Officer Jeff Williams said on Monday.

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Lloyd's of London estimates net claims for Hurricane Maria of $900 million

LONDON (Reuters) - Lloyd's of London estimated net claims of $900 million for Hurricane Maria, which caused devastation in Puerto Rico last month, the specialist insurance market said on Monday.

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Wall Street opens at record after Abe election win

(Reuters) - The three major Wall Street indexes opened at record highs on Monday as investors cheered the continuation of Abenomics following the Japanese ruling party's emphatic win in the weekend polls.

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Fiat emissions probe centers on several models -letter

PARIS (Reuters) - A French judicial inquiry into Fiat Chrysler over suspected emissions-test cheating centers on whether the carmaker misled buyers of Fiat, Alfa Romeo, Jeep and Lancia cars about emissions levels, according to a letter seen by Reuters.

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Daimler, VW raided by EU staff in widening cartel searches

HAMBURG/BERLIN (Reuters) - European Union antitrust officials widened an investigation of alleged collusion between Germany's top carmakers on Monday, with both Daimler and Volkswagen becoming the latest targets of the inspections.

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Halliburton posts international revenue growth, unlike Schlumberger

(Reuters) - Worldwide revenues rose for U.S. oilfield services provider Halliburton Co in the third quarter, the company said on Monday, contrasting with the slide in international markets reported by larger rival Schlumberger last week.

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Cisco to buy BroadSoft in $1.9 billion deal

(Reuters) - Cisco Systems Inc will buy U.S. telecommunications software company BroadSoft Inc in a deal valued at $1.9 billion, as the world's largest networking gear producer shifts from its stagnating legacy business of switches and routers.

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AT&T extends deadline to close Time Warner deal

(Reuters) - AT&T Inc said on Monday it had extended by a "short period" the deadline to close its proposed deal to acquire Time Warner Inc , to buy time to get the required regulatory approvals for the deal.

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T-Mobile quarterly profit tops estimates as subscribers grow

NEW YORK (Reuters) - T-Mobile US Inc's quarterly profit topped Wall Street analyst estimates as the No. 3 U.S. wireless carrier raised the lower end of its expected range of customer additions for the year.

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Futures higher after Abe election victory

(Reuters) - U.S. stock index futures pointed to a higher open for Wall Street on Monday, tracking gains for other major stock markets after Japanese Prime Minister Shinzo Abe's election victory.

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Halliburton profit tops estimates on strong North America demand

(Reuters) - Oilfield services provider Halliburton Co on Monday reported a third-quarter profit that topped analysts' estimates, driven by better pricing and increased activity in North America, its biggest market.

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Victory for Abenomics lifts world stocks, dollar

LONDON (Reuters) - Japanese Prime Minister Shinzo Abe's election victory lifted world stocks and the dollar on Monday, relegating concerns about Spain's escalating political crisis to little more than a blip on the market radar.

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Kaspersky Lab to open software to review, says nothing to hide

(Reuters) - Moscow-based Kaspersky Lab will ask independent parties to review the security of its anti-virus software, which the U.S. government has said could jeopardize national security, citing concerns over Kremlin influence and hijacking by Russian spies.

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BlackRock opposes banning companies from indexes over voting rights

NEW YORK (Reuters) - BlackRock Inc , the world's largest asset manager, is lambasting the architects of market indexes like the S&P 500 for ostracizing companies that deny equal voting rights to shareholders, saying that doing so could limit the opportunities of investors in index funds.

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France probing possible Fiat obstruction over 'Dieselgate' affair: document

PARIS (Reuters) - Carmaker Fiat Chrysler is subject of a French judicial inquiry over suspected obstruction of a French inquiry into the 'Dieselgate' affair, concerning devices used to cheat on tests over emissions, according to a document obtained by Reuters.

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UK watchdog fines Merrill Lynch 34.5 million pounds for reporting failure

LONDON (Reuters) - Britain's financial watchdog has fined Bank of America's Merrill Lynch investment banking arm 34.5 million pounds ($45.5 million) for its third transaction reporting failure in just over a decade.

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Singapore to halt car population growth from next year

SINGAPORE (Reuters) - Singapore, one of the world's most expensive places to own a vehicle, will not allow any growth in its car population from February, citing the small city-state's land scarcity and billions of dollars in planned public transport investments.

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Kaspersky Lab says it will submit software for independent review

(Reuters) - Kaspersky Lab will ask independent parties to conduct security reviews of its widely used anti-virus software to help dispel allegations that the Russian government uses the products to conduct espionage, the Moscow-based company said on Monday.

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Britain's financial watchdog fines Merrill Lynch 34.5 million pounds

(Reuters) - Britain's financial watchdog said it had fined Bank of America's Merrill Lynch 34.5 million pounds ($45.5 million) for failing to report 68.5 million exchange traded derivative transactions between February 2014 and 2016.

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Japan's Kobe Steel considering withdrawing its full year earnings forecast: Kyodo

TOKYO (Reuters) - Kobe Steel Ltd is considering withdrawing its earnings forecast for this fiscal year as it struggles to quantify the impact of its data falsification scandal, Kyodo reported on Monday.

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Trump's tougher stance could backfire by boosting Iran's Guards

ANKARA/LONDON (Reuters) - Iran’s elite Islamic Revolutionary Guard Corps, a military force with political clout and an industrial empire, stands to benefit from heightened tension between Washington and Tehran, officials and analysts said.

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Victory for Abenomics lifts world stocks to new record

LONDON (Reuters) - Japanese Prime Minister Shinzo Abe's convincing election victory lifted the Nikkei to its highest in 21 years and world stocks to an all-time high on Monday, despite an escalation of Spain's constitutional crisis that weighed on the country's banks.

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Toshiba sees annual loss of almost $1 billion after tax related to chip unit sale

TOKYO (Reuters) - Embattled Japanese conglomerate Toshiba Corp said on Monday it now expects to slide to a net loss of nearly $1 billion this business year after calculating taxes related to the sale of its prized chip unit.

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Boeing, Mitsubishi Heavy in deal to cut costs of 787 wing production

(Reuters) - Boeing Co and Japan's Mitsubishi Heavy Industries Ltd (MHI) announced they have agreed on steps to reduce the cost of producing the wings of the 787 Dreamliner.

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Japan shares at two-decade top, yen near three-month low as Abe wins

SYDNEY (Reuters) - Japanese shares jumped on a weaker yen on Monday as an election win for Shinzo Abe's ruling bloc gave a green light for more policy stimulus, while the euro eased as Spain's constitutional crisis aggravated concerns about political unity in the region.

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Target gears up for holidays with free shipping and gifts under $15

NEW YORK (Reuters) - Target Corp said on Monday it would start free shipping beginning in November and that most of its holiday assortment had been priced at under $15, as the retailer gets ready to take on Amazon.com and Wal-Mart in the most crucial shopping season of the year.

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Big money stays away from booming bitcoin

LONDON (Reuters) - Bitcoin is booming, digital currency hedge funds are sprouting at the rate of two a week and the value of all cryptocurrencies has surged tenfold this year to more than $170 billion.

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Noble Group to sell oil liquids unit to Vitol, flags $1.2 billion loss

SINGAPORE (Reuters) - Struggling commodities trader Noble Group agreed to sell its Americas-focused oil liquids business to Vitol for about $580 million as part of a debt-cutting strategy, and warned of a big loss for its third quarter.

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U.S. Midwest oil refiners boost output, cut region's dependence on Gulf Coast

NEW YORK (Reuters) - U.S. refineries from Ohio to Minnesota are capitalizing on access to cheap crude from Western Canada and North Dakota oilfields, helping their region break a historic dependence on fuel from the Gulf Coast while redrawing oil trade maps.

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JPMorgan reaches beyond its branches with new mobile account app

NEW YORK (Reuters) - In its first offering of online bank accounts, JPMorgan Chase & Co on Monday launched a new smartphone app that it hopes will attract new depositors, many of whom are young and may live far from any of its branch offices.

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Fidelity chairman deals with fallout from sexual harassment claims

BOSTON (Reuters) - Less than a year into her tenure as chairman of Fidelity Investments, Abigail Johnson faces a crisis amid allegations that the mutual fund giant has a men's club mentality.

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Noble Group to sell oil liquids business to Vitol, flags big third quarter loss

SINGAPORE (Reuters) - Struggling commodities trader Noble Group agreed to sell its Americas-focused oil liquids business to Vitol for about $580 million as part of a debt-cutting strategy, and warned of a big loss for its third quarter.

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Cisco nears deal to acquire BroadSoft: source

SAN FRANCISCO (Reuters) - Cisco Systems Inc, the world’s largest networking gear manufacturer, is nearing a deal to buy U.S. telecommunications software firm BroadSoft Inc for close to $2 billion, a person familiar with the matter said on Sunday.

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SoFi held sale talks, but bidders balked at $8 billion price: newspaper

NEW YORK (Reuters) - Social Finance Inc discussed a potential sale earlier this year, including with financial services company Charles Schwab Corp, but the talks fell apart over the $8 billion price...

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Noble Group to sell oil liquids business to Vitol for $580 million

SINGAPORE (Reuters) - Struggling Noble Group agreed to sell its Americas-focused oil liquids business to Vitol for about $580 million, as part of its strategy to shrink its businesses to cut debt.

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Japan shares at two-decade top, yen at three-month low on Abe win

SYDNEY (Reuters) - Japanese shares jumped on a weaker yen on Monday as an election win for Shinzo Abe's ruling bloc gave a green light for more super-easy policy stimulus, while the euro eased as Spain's constitutional crisis aggravated concerns about political unity in the region.

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JPMorgan partners with data start-up to boost fixed-income trading

NEW YORK (Reuters) - JPMorgan Chase & Co has partnered with data analytics start-up Mosaic Smart Data to help its fixed-income sales and trading business become more profitable.

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Consumer goods firms harness online data to tap Southeast Asia e-commerce boom

SINGAPORE/BANGKOK (Reuters) - When diaper maker DSG International (Thailand) wants to know what its customers are thinking, it often turns to Lazada, an e-commerce firm majority-owned by Alibaba Group Holding .

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Yen at three-month lows on Abe win, euro struggles with Spain

SYDNEY (Reuters) - Japan's yen hit three-month lows on Monday as an election win for the government gave a green light for super-easy monetary policy, while the euro eased as Spain's constitutional crisis aggravated concerns about political unity in the bloc.

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SoFi held sale talks, but bidders balked at $8 bln price -newspaper

NEW YORK, Oct 22 (Reuters) - Social Finance Inc discussed a potential sale earlier this year, including with financial services company Charles Schwab Corp, but the talks fell apart over the $8 billion price the online lender sought, the Financial Times reported on Sunday, citing people familiar with the matter.

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Tillerson: Time for Iranian-backed militias to leave Iraq

US Secretary of State Rex Tillerson, anticipating an end to the fight against ISIS, said Sunday it was time for Iranian-backed militias to exit the war-torn nation of Iraq.

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Sexual harassment allegations spark review, meeting at Fidelity: WSJ

NEW YORK (Reuters) - Fidelity Investments has hired a consulting firm to review employee behavior amid allegations of sexual harassment at the U.S. money manager stretching back years, the Wall Street Journal reported on Sunday.

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Tesla reaffirms effort to build cars in China; mum on deal report

(Reuters) - Electric car maker Tesla Inc reaffirmed on Sunday it is talking with the Shanghai municipal government to set up a factory in the region and expects to agree on a plan by the end of the year, but declined to comment on a report that a deal has been reached.

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Go home, Tillerson tells Iranian-backed militias in Iraq

RIYADH (Reuters) - U.S. Secretary of State Rex Tillerson said on Sunday it was time for Iranian-backed militias and their Iranian advisers who helped Iraq defeat Islamic State to "go home" after a rare joint meeting with the leaders of Iraq and Saudi Arabia.

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Tesla moves closer to deal to build cars in China

(Reuters) - Electric car maker Tesla Inc said on Sunday it is talking with the Shanghai municipal government to set up a factory in the region and expects to agree on a plan by the end of the year.

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Airbus turmoil overshadows bid to rescue CSeries

PARIS (Reuters) - Airbus's coup in buying a $6 billion Canadian jetliner project for a dollar stunned investors and took the spotlight off a growing ethics row last week, but internal disarray has raised questions over how smoothly it can implement the deal.

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REFILE-Airbus turmoil overshadows bid to rescue CSeries

PARIS, Oct 22 (Reuters) - Airbus's coup in buying a $6 billion Canadian jetliner project for a dollar stunned investors and took the spotlight off a growing ethics row last week, but internal disarray has raised questions over how smoothly it can implement the deal.

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Toyota to halt operations at all Japan plants as typhoon precaution

TOKYO (Reuters) - Toyota Motor Corp will suspend operations at all of its assembly plants in Japan, including those of its subsidiaries, from Monday morning as a precautionary measure as a powerful typhoon approaches Japan's mainland, a spokesman said.

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Henkel may make U.S. acquisitions: CEO in newspaper

FRANKFURT (Reuters) - German consumer goods group Henkel may further expand its business in the United States via acquisitions, Chief Executive Hans van Bylen told Welt am Sonntag in an interview.

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U.N. ends month-long Libya talks in Tunisia without proposing new date

TUNIS (Reuters) - Month-long U.N.-backed talks aimed at bridging differences between rival Libyan factions ended on Saturday with no discernable progress towards stabilizing the country and paving the way for elections.

Islamic Revolutionary Guards Corps nytimes.com

Iran Saps Strength of Revolutionary Guards With Arrests and Cutbacks

The elite military group drove the Iranian economy at the peak of the sanctions era. Now, seen as a drag on growth, it is under attack by President Hassan Rouhani.

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Turkey bank regulator dismisses 'rumors' after Iran sanctions report

ANKARA (Reuters) - Turkey's banking regulator urged the public on Saturday to ignore rumors about financial institutions, in an apparent dismissal of a report that some Turkish banks face billions of dollars of U.S. fines over alleged violations of Iran sanctions.

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Japan's Mitsubishi, U.S. partner to invest $1.8 billion in data centers: media

TOKYO (Reuters) - Japanese trading house Mitsubishi Corp plans to set up a joint venture with U.S. data center operator Digital Realty Trust and build around 10 data centers in Japan by 2022 for 200 billion yen ($1.8 billion), the Nikkei said on Saturday.

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Turkish banks could face big U.S. fines over Iran: report

ANKARA/ISTANBUL (Reuters) - Six Turkish banks face billions of dollars of fines from U.S. authorities over alleged violations of sanctions with Iran, the Haberturk newspaper reported on Saturday, citing senior banking sources.

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China says will guide private capital into higher growth areas

BEIJING (Reuters) - China will introduce measures aimed at guiding private investment into areas that have a higher growth potential, a senior official with the state planning agency said on Saturday.

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Japan's Mitsubishi, U.S. partner to invest $1.8 billion in data centres: media

TOKYO (Reuters) - Japanese trading house Mitsubishi Corp plans to set up a joint venture with U.S. data centre operator Digital Realty Trust and build around 10 data centres in Japan by 2022 for 200 billion yen ($1.8 billion), the Nikkei said on Saturday.

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U.S. tax plan hopes lift stocks, dollar strengthens

NEW YORK (Reuters) - World stocks advanced, bond yields rose and the U.S. dollar strengthened on Friday on increased hopes President Donald Trump could make progress on his fiscal plans after the U.S. Senate approved a budget blueprint that paves the way for tax cuts.

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Recent hurricanes take toll on quarterly earnings

SAN FRANCISCO (Reuters) - After raging over the southern United States and Puerto Rico, remnants of hurricanes Harvey, Irma and Maria are now dampening U.S. corporate profits.

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California judge tosses $417 million talc cancer verdict against Johnson & Johnson

(Reuters) - A California judge on Friday threw out a $417 million verdict against Johnson & Johnson in a lawsuit by a woman who claimed she developed ovarian cancer after using its talc-based products like Johnson's Baby Powder for feminine hygiene.

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Tesla raises borrowing capacity for car leases to $1.1 billion

(Reuters) - Tesla Inc said on Friday it has increased its borrowing capacity for a car lease program to $1.1 billion from $600 million.

Art nytimes.com

The Saturday Profile: Selling the Porsche to Promote Iranian Art

Hamidreza Pejman, an Iranian entrepreneur, has poured his money into an exhibit space that he hopes will lift Tehran’s art scene to a global level.

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GE vows $20 billion asset sales, 'sweeping change' as profit falls

NEW YORK (Reuters) - General Electric Co's new chief executive vowed on Friday to shed more than $20 billion worth of assets and hold executives accountable for failing to deliver profits after what he called "horrible" results in the third quarter.

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Tesla raises borrowing capacity under warehouse agreements to $1.1 billion

(Reuters) - Tesla Inc said on Friday it has increased its borrowing capacity, related to an agreement, to $1.1 billion as the electric car maker spends heavily to fix production bottlenecks of its new Model 3 sedan.

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Snap lays off 18 employees in recruiting division

SAN FRANCISCO (Reuters) - Social media company Snap Inc said on Friday it had laid off 18 people in its recruiting division, an unusual move for a young company with ambitious growth plans and a likely reflection of tough competition from Facebook Inc .

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Wall Street hits record highs; tax plan hopes fuel optimism

NEW YORK (Reuters) - U.S. stocks hit record closing highs on Friday and the S&P 500 posted a sixth week of gains after the U.S. Senate passed a budget resolution, lifting hopes that President Donald Trump's tax-cut plan may move forward.

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Stock market's future in Trump's hands as Federal Reserve chair pick looms

NEW YORK (Reuters) - Investors awaiting the nomination of the next Federal Reserve chair are hoping whoever is nominated pursues the same monetary policy that has supported rising stock prices for the past nine years.

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Nestle CEO praised by Third Point but hedge fund still wants more

LONDON/BOSTON (Reuters) - Nine months into leading the world's biggest packaged food company, Nestle SA Chief Executive Mark Schneider got a tentative thumbs-up from a prominent investor, who praised his early steps on Friday but said there was more work to be done.

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Consumer Reports says Tesla misunderstands 'positive' Model 3 rating

DETROIT (Reuters) - Consumer Reports said on Friday that Tesla Inc had apparently misunderstood the "average" reliability rating the magazine assigned to the electric carmaker's Model 3 sedan this week, calling it generally "positive" for an all-new vehicle.

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Bitcoin soars to record high above $6,000

NEW YORK (Reuters) - Bitcoin surged to a record high of more than $6,000 on Friday, pushing its market capitalization to $100 billion at one point, as investors continued to bet on an asset that has a limited supply and has paved the way for a whole slew of crypto-currencies.

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Wall St gains, progress in Trump's tax plan lifts hopes

(Reuters) - U.S. stocks rose on Friday after the Senate passed a budget resolution, lifting hopes that President Donald Trump's tax-cut plan may move forward.

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Whole Foods says hacking incident resolved

(Reuters) - Amazon.com Inc's Whole Foods Market said on Friday it had replaced affected point-of-sale systems at venues located within some stores where payment card information had been stolen.

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Top oilfield services firms signal fourth-quarter uncertainty

(Reuters) - The world's top two oilfield service firms on Friday warned slower producer spending and weakness in offshore exploration may weigh on current-quarter earnings, but said activity could improve in the longer term as the global crude market comes into balance.

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Airbus sees CSeries jets grabbing major global market share: CEO

MONTREAL (Reuters) - Airbus SE expects to sell "thousands" of Bombardier Inc's new CSeries aircraft, capturing half the global market for smaller single-aisle commercial jets, Chief Executive Tom Enders said on Friday.

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Fed's Mester calls for balance on bank regulation rethink

NEW YORK (Reuters) - Cleveland Federal Reserve Bank President Loretta Mester on Friday laid out a set of guiding principles by which to approach changes to U.S. banking regulations, emphasizing the need to tailor rules to risk, to boost cooperation across borders, and to aim for simplicity but not over-simplification.

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UPDATE 2-Airbus sees CSeries jets grabbing major global market share -CEO

MONTREAL, Oct 20 (Reuters) - Airbus SE expects to sell "thousands" of Bombardier Inc's new CSeries aircraft, capturing half the global market for smaller single-aisle commercial jets, Chief Executive Tom Enders said on Friday.

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Wall Street up as progress in Trump's tax plan lifts hopes

(Reuters) - U.S. stocks extended gains in early afternoon trading on Friday to scale new highs on hopes that President Donald Trump's tax-cut plan would make further headway after the Senate passed a budget resolution.

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Wells Fargo fires forex bankers, investigates unit: WSJ

(Reuters) - Wells Fargo & Co , the third-largest U.S. bank by assets, has fired four foreign-exchange bankers amid an investigation into that business by both the bank and regulators, the Wall Street Journal reported, citing people familiar with the matter and the bank.

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Iranian commander issued stark warning to Iraqi Kurds over Kirkuk

SULAIMANIA/BAGHDAD (Reuters) - A senior Iranian military commander repeatedly warned Kurdish leaders in northern Iraq to withdraw from the oil city of Kirkuk or face an onslaught by Iraqi forces and allied Iranian-backed fighters, Kurdish officials briefed on the meetings said.

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U.S. House to vote on non-nuclear Iran sanctions next week

WASHINGTON (Reuters) - The U.S. House of Representatives will vote next week on new sanctions on Iran's ballistic missile program and on Lebanon's Iran-backed Hezbollah militia, senior House Republicans said on Friday, seeking to take a tough line against Iran without immediately moving to undermine the international nuclear deal.

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Merck to cut 1,800 U.S. sales jobs, add 960 in chronic care

(Reuters) - Drugmaker Merck & Co Inc , moving to a new sales team structure in the United States, plans to cut 1,800 sales positions, while adding 960 jobs to a new chronic care sales force, the company said on Friday.

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Apple hit with trademark lawsuit over iPhone X 'animoji' feature

NEW YORK (Reuters) - A Japanese software company is suing Apple Inc in a U.S. court over the trademark for the term "animoji", alleging the U.S. technology company stole the name to use on a feature of its iPhone X.

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Gillette weakens P&G report after Peltz row

(Reuters) - Procter & Gamble Co disappointed Wall Street with sales on Friday, hurt by continuing weakness in its Gillette business, a week after it claimed to have fought off hedge-fund manager Nelson Peltz's move to muscle onto the board.

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BMW raided in cartel investigation as Daimler claims immunity

MUNICH/BRUSSELS (Reuters) - BMW's headquarters were raided by European Union officials investigating an alleged cartel among German carmakers, it said on Friday, as rival Daimler claimed whistleblower status in an effort to avoid fines.

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Tech, bank stocks lift Wall Street; tax-cut plan back in focus

(Reuters) - Technology and bank stocks lifted Wall Street on Friday and investor optimism received a fresh boost from Washington, where the Trump administration inched a step closer to implementing tax-cut plan.

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Jamaica or bust: Merkel starts crunch coalition talks

BERLIN (Reuters) - German Chancellor Angela Merkel pronounced herself optimistic as she opened the first full round of talks on piecing together the three-way "Jamaica" coalition she needs if she is to avoid an abrupt end to her 12 years in power.

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Exclusive: PDVSA blocked from using NuStar terminal over unpaid bills

HOUSTON (Reuters) - Venezuela's state-run petroleum firm PDVSA has been barred from using a NuStar Energy oil storage terminal in the Caribbean over $26 million in unpaid bills, according to documents reviewed by Reuters, halting delivery of a cargo to an oil trader.

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UPDATE 1-Airbus expects to sell 'thousands' of CSeries jets -CEO

MONTREAL, Oct 20 (Reuters) - Airbus Chief Executive Tom Enders said on Friday he believed Bombardier Inc's CSeries planes would capture half the market for smaller single-aisle aircraft with the sale of "thousands" of the 110-to-130 seat jets.

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Wells Fargo scrutinized by regulator for auto insurance program: NYT

(Reuters) - Wells Fargo & Co engaged in deceptive auto insurance practices, failed to properly manage risks and hasn't set aside enough funds to pay back affected customers, the New York Times reported, citing a confidential report by federal regulators.

cnn.com

Workers dangle from helicopters to fix power lines

Power workers with no fear of heights are being hoisted up by helicopter in the mountains of Puerto Rico to repair the island's devastated transmission lines.

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Exclusive: Iberdrola demands change at Siemens Gamesa as problems mount

MADRID (Reuters) - Spanish utility Iberdrola is becoming increasingly concerned about the way German group Siemens is managing the Spanish-based wind power joint venture Siemens Gamesa , two people with knowledge of the matter said.

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Schlumberger, Baker Hughes warn of weak fourth quarter

(Reuters) - The world's top two oilfield services firms warned on Friday of a challenging fourth quarter for the industry, as investment slows due to soft oil prices and energy firms reducing activity on offshore rigs.

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CORRECTED-Notable municipal bankruptcy lawyer talks shop to Hartford taxpayers

HARTFORD, Oct 19 (Reuters) - The lawyer who took Detroit, Michigan, through the largest Chapter 9 municipal bankruptcy in U.S. history brought his message to a new crowd on Thursday: residents of Hartford, Connecticut's cash-strapped capital city.

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Bank, tech stocks lift Wall Street

(Reuters) - U.S. stocks inched higher on Friday as bank stocks rose and tech stocks recovered, with investor optimism back as Trump administration cleared a hurdle to lower taxes.

cnn.com

Ed Sheeran talks about substance abuse

Ed Sheeran is reportedly opening up about how substance abuse factored into his hiatus from music.

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U.S. existing home sales unexpectedly rebound in September

WASHINGTON (Reuters) - U.S. home resales unexpectedly increased in September as the effects of Hurricanes Harvey and Irma began to dissipate, but a persistent dearth of properties for sale continued to weigh on overall activity.

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Iran's Guards flex muscle in Middle East despite Trump warning

BEIRUT (Reuters) - A week after U.S. President Donald Trump delivered a blistering speech about Iran's Revolutionary Guards, the most powerful military and economic force in the Islamic Republic has shown it has no intention of curbing its activities in the Middle East.

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S&P, Dow open at record highs on tax-cut optimism

(Reuters) - Wall Street opened higher on Friday, with the S&P and the Dow recording new highs, on growth optimism as the Trump administration inched a step closer to implementing its tax-cut plan.

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BMW confirms inspection by EU antitrust officials

MUNICH (Reuters) - German carmaker BMW on Friday confirmed that EU antitrust staff were in Munich this week to search its offices.

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P&G's quarterly sales drag; Peltz still looms in board battle

(Reuters) - Consumer goods giant Procter & Gamble Co , which recently declared victory against hedge-fund manager Nelson Peltz's attempt to muscle his way onto the board, reported tepid sales that missed Wall Street estimates.

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Schlumberger, Baker Hughes warn of North America slowdown

(Reuters) - Schlumberger Ltd and Baker Hughes , the world's top two oilfield services firms, warned on Friday of a slowdown in North America and a challenging year ahead as crude oil prices stay volatile.

worldNews reuters.com

Austrian coalition talks set to begin, far right likely partner

VIENNA (Reuters) - Austria's president gave the green light to conservative leader Sebastian Kurz on Friday to form a government, but Kurz gave little away about his coalition plans, leaving a tie-up with the far right the most likely outcome.

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Trump tax reform hopes boost dollar, stocks, bond yields

LONDON (Reuters) - European stocks, the dollar and bond yields climbed on Friday as investors speculated that the "Trumpflation trade" could be back in play, after the U.S. Senate approved a budget blueprint that paves the way for tax cuts.

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Japan's Kobe Steel says violated statutory standards, losing customers

TOKYO (Reuters) - Kobe Steel Ltd sank deeper into crisis on Friday as the embattled company said it had lost some customers to competitors because of widespread data falsification that had extended to its mainstream steel sheet business.

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P&G's profit beats Wall Street on higher sales of beauty, home care

(Reuters) - Consumer goods giant Procter & Gamble Co , which recently declared victory in an historic proxy fight with activist investor Nelson Peltz, reported a better-than-expected quarterly profit on Friday but sales slightly missed Wall Street estimates.

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GE stock drops as profit misses, CEO cuts forecast

(Reuters) - General Electric Co's third-quarter profit missed Wall Street estimates by a wide margin on Friday and the industrial conglomerate slashed its earnings forecast, sending the year's worst-performing Dow stock down another 6 percent.

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No trade talks but May wins gesture, warm words at EU summit

BRUSSELS (Reuters) - EU leaders shunned Theresa May's summit plea to negotiate a post-Brexit trade deal on Friday but sweetened the pill for the fragile British prime minister with warm words and a gesture toward future talks.

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Futures up after Senate clears a hurdle to tax cuts

(Reuters) - U.S. stock index futures edged higher on Friday after the Senate cleared a budget blueprint, taking the Trump administration a step closer to fulfilling its promise of lowering taxes to stimulate growth.

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Schlumberger warns of moderating North American activity

(Reuters) - Schlumberger Ltd posted a bigger quarterly profit on Friday as its North American business continues to be helped by strong shale drilling, but the oilfield services giant said that investments in the region was moderating.

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Low pay, no bonus: U.S. retailers struggle with hiring

(Reuters) - U.S. retailers are finding it increasingly difficult to hire employees for stores and for middle and higher management as low pay and a feeling of uncertainty clouds the industry following a spate of bankruptcies and store closures.

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GE's quarterly revenue rises 14.4 percent

(Reuters) - General Electric Co on Friday reported a 14.4 percent rise in revenue, aided by the acquisition of oilfield services provider Baker Hughes , but profit fell in the quarter.

worldNews reuters.com

Russia says continues dialogue with Washington on North Korea, Iran: RIA

MOSCOW (Reuters) - Moscow and Washington are continuing a dialogue on North Korea and the future of the international deal on Iran's nuclear program, RIA news agency cited Russian Deputy Foreign Minister Sergei Ryabkov as saying on Friday.

worldNews reuters.com

Jamaica or bust: Merkel launching crunch German coalition talks

BERLIN (Reuters) - German Chancellor Angela Merkel on Friday begins the first full round of talks on forming a three-way "Jamaica" coalition that she needs to work or else risk her time in power coming to an end after 12 years.

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Former Rio Tinto CFO Elliott resigns from Britain's Takeover Panel

LONDON (Reuters) - Former Rio Tinto chief financial officer Guy Elliott has stepped down from Britain's Takeover Panel following fraud charges brought by the U.S. Securities and Exchange Commission (SEC) related to his time at the miner.

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U.S. tax reform move boosts dollar, stocks, bond yields

LONDON (Reuters) - European stocks, the dollar and bond yields climbed on Friday as investors speculated on the return of the "Trumpflation trade", after the U.S. Senate approved a budget blueprint that paves the way for tax cuts.

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UK business minister travels to Canada for talks on Bombardier deal

LONDON (Reuters) - British Business Secretary Greg Clark will hold talks in Canada on Friday to discuss Airbus SE's plans to buy a majority stake in Bombardier's C-Series jetliner program aimed at helping it avoid high U.S. import tariffs.

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Iranian military chief visits frontline near Aleppo

BEIRUT (Reuters) - Iran's military chief of staff visited a frontline position near the Syrian city of Aleppo, a military news outlet run by the Lebanese group Hezbollah reported on Friday, during a visit that has underlined Tehran's deep military role in Syria.

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Kobe Steel crisis deepens as plant inspected for breach of industrial law

TOKYO (Reuters) - One of Kobe Steel Ltd's copper plants was being inspected for a possible breach of industrial standards, the government said on Friday, while the company said it was investigating reports it continued shipping products after discovering widespread tampering of product data.

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Australian car manufacturing ends as GM Holden closes plant

SYDNEY (Reuters) - Australia's near 100-year automotive industry ended on Friday as GM Holden Ltd, a unit of U.S. carmaker General Motors Co , closed its plant in South Australia to move manufacturing to cheaper locations.

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Asian shares, dollar gain after U.S. Senate passes budget plan

TOKYO (Reuters) - Asian shares and the dollar gained on Friday after the U.S. Senate approved a budget blueprint for the 2018 fiscal year that will pave the way for Republicans to pursue a tax-cut package without Democratic support.

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In Kuroda's face - researchers find ways to predict central bank changes

TOKYO (Reuters) - For decades, economists have tried to guess central bank policy direction by studying subtle changes in official language -- now, researchers are finding new clues on policy, not in the words of central banker but in their faces.

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Kobe Steel data fabrication continued after misconduct discovered: Nikkei

TOKYO (Reuters) - Data fabrication at Kobe Steel Ltd continued at its aluminum and steel unit after an internal investigation discovered the misconduct, the Nikkei newspaper reported on Friday.

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Asian shares perk up after U.S. Senate passes budget plan

TOKYO (Reuters) - Asian shares shrugged off early sluggishness and gained on Friday, and the dollar rose after the U.S. Senate approved a budget blueprint for the 2018 fiscal year that will pave the way for Republicans to pursue a tax-cut package without Democratic support.

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Ackman urges ADP to consider acquiring Ceridian amid proxy fight

BOSTON (Reuters) - Activist investor William Ackman, currently battling for board seats at Automatic Data Processing Inc , on Thursday said the human resource software company should buy rival Ceridian, in a move that could woo customers with a better product.

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Japan government wants to get actively involved in Kobe Steel issue: trade minister

TOKYO (Reuters) - The Japanese government wants to get actively involved in the issue of Kobe Steel's data fabrications, Hiroshige Seko, the minister of economy, trade and industry, said on Friday.

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Singapore Airlines to finalize $13.8 billion Boeing order next week

SINGAPORE (Reuters) - Singapore Airlines Ltd said on Friday it will finalize an order for 39 Boeing Co aircraft worth $13.8 billion at list prices when Singaporean Prime Minister Lee Hsien Loong visits Washington D.C. next week.

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Exclusive: Tech companies to lobby for immigrant 'Dreamers' to remain in U.S.

SAN FRANCISCO (Reuters) - Nearly two dozen major U.S. companies in technology and other industries are planning to launch a coalition to demand legislation that would allow young, illegal immigrants a path to permanent residency, according to documents seen by Reuters.

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Notable municipal bankruptcy lawyer talks shop to Hartford taxpayers

HARTFORD, Oct 19 (Reuters) - The lawyer who took Detroit, Michigan, through the largest Chapter 9 municipal bankruptcy in U.S. history brought his message to a new crowd on Thursday: residents of Hartford, Connecticut's cash-strapped capital city.

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Asian shares edge higher, Fed chief speculation tempers appetite

TOKYO (Reuters) - Asian shares inched slightly higher on Friday, but grappled for firmer leads as speculation about who the next U.S. central bank chief will be kept global investors wary.

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Nissan's inappropriate inspections started at least 20 years ago: NHK

TOKYO (Reuters) - Inappropriate inspection practices at Nissan Motor Co had been going for at least 20 years, Japanese national broadcaster NHK reported on Friday, in a new revelation that could further roil Japan's second-biggest automaker.

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SoftBank's big checks are stalling tech IPOs

LAGUNA BEACH, Calif. (Reuters) - Big cash infusions for startups from an ever-expanding group of financiers, led by SoftBank Group Corp and Middle East sovereign wealth funds, have extinguished hopes that the technology IPO market would bounce back this year.

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Merkel sends positive signal to May on Brexit talks

BRUSSELS (Reuters) - German Chancellor Angela Merkel offered one of her most positive assessments of Brexit talks in months on Thursday, saying she believed negotiations between the EU and Britain were moving forward and dismissing the prospect of a breakdown.

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PayPal tops profit estimates, lifts target on mobile payments growth

(Reuters) - Sharp growth in mobile payments led PayPal Holdings Inc to report a better-than-expected third-quarter profit on Thursday and lift its guidance for earnings through the rest of the year.

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Dow, S&P 500 eke out record highs, turn up after Fed Powell report

NEW YORK (Reuters) - The Dow and S&P 500 eked out record closing highs on Thursday, turning higher at the last minute after a Politico report that Federal Reserve Governor Jerome Powell is the leading candidate for the nominee for Fed chair.

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Mexican auto lobby rejects U.S. NAFTA proposal on rules of origin

MEXICO CITY (Reuters) - The Mexican Auto Industry Association (AMIA) on Thursday rejected U.S. proposals to increase North American content for autos produced in the region and require, under a new NAFTA deal, that half of all content come from the United States.

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PayPal quarterly profit beats on higher mobile transaction volume

(Reuters) - Payment processor PayPal Holdings Inc reported a better-than-expected quarterly profit on Thursday, helped by mobile payments volume that more than doubled.

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Ending Iran nuclear deal would worsen North Korea situation: Kerry

GENEVA (Reuters) - U.S. President Donald Trump risks driving Iran toward nuclear proliferation and worsening a standoff with North Korea if Washington ends a nuclear deal with Iran, former Secretary of State John Kerry said on Thursday.

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S&P 500 ekes out record high, turns higher after Fed Powell report

NEW YORK (Reuters) - The Dow and S&P 500 eked out record closing highs on Thursday, turning higher at the last minute after a Politico report that Federal Reserve Governor Jerome Powell is the leading candidate for the nominee for Fed chair.

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Whirlpool seeks 50 percent duties on LG, Samsung washers in U.S. trade case

WASHINGTON (Reuters) - Whirlpool and GE Appliances asked a U.S. trade panel on Thursday to recommend 50 percent import duties on large residential washing machines to ensure that rivals LG and Samsung follow through on plans to shift washer production to the United States.

businessNews reuters.com

Airbus CSeries deal unlikely to spur quick boost in sales: Air Lease CEO

MONTREAL (Reuters) - Airbus SE's deal with Bombardier boosts confidence in the CSeries jet program but may not spur many new sales until it is finalized and a U.S. trade dispute is resolved, the head of a major aircraft leasing firm said on Thursday.

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Airbus CSeries deal unlikely to spur quick boost in sales -Air Lease CEO

MONTREAL, Oct 19 (Reuters) - Airbus SE's deal with Bombardier boosts confidence in the CSeries jet program but may not spur many new sales until it is finalized and a U.S. trade dispute is resolved, the head of a major aircraft leasing firm said on Thursday.

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Wall Street ends flat; late gains on Fed Powell report

NEW YORK (Reuters) - U.S. stocks closed flat on Thursday, coming back from sharp losses after the open, while Apple fell more than 2 percent to lead a decline in technology shares.

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Paypal third-quarter profit rises 17.6 percent

(Reuters) - Payment processor PayPal Holdings Inc reported a 17.6 percent rise in quarterly profit, helped by higher ecommerce spending.

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Facebook to launch news subscription feature, some big names opt out

(Reuters) - Facebook Inc said on Thursday it has signed up 10 news publishers including the Washington Post and The Economist to take part in a trial that gives its mobile app users access to a limited number of articles a month and then the option to subscribe via the publishers' own websites.

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U.S. auto reliability dented by new technology; electric cars fare better: report

DETROIT (Reuters) - New technology to stream music into dashboards or boost fuel efficiency is making cars less reliable, although electric cars such as the Tesla Model 3 and the Chevrolet Bolt should fare better than many conventional models, Consumer Reports magazine said on Thursday.

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Wall Street pauses after record highs; tech a drag

NEW YORK (Reuters) - U.S. stocks were flat on Thursday, pausing after their recent run of record highs, as technology shares dragged and some earnings disappointed.

businessNews reuters.com

Microsoft expands rural U.S. campaign with Green Bay Packers tie-up

SAN FRANCISCO (Reuters) - Microsoft Corp has teamed up with the National Football League's Green Bay Packers in a $10 million partnership intended to spur tech innovation in Wisconsin, the software company said on Thursday.

worldNews reuters.com

'A long way to go' in German coalition talks, liberal FDP says

BERLIN (Reuters) - There is a long way to go in talks on forming a new German coalition led by Chancellor Angela Merkel's conservatives, a senior member of the pro-business Free Democrats (FDP) said after meeting the environmentalist Greens on Thursday.

businessNews reuters.com

Target CEO says small-format stores twice as productive as traditional

NEW YORK (Reuters) - Sales per square foot at Target Corp's 44 small-format stores are "easily double" that at traditional stores, Target Chief Executive Brian Cornell said on Thursday, after the retailer announced 11 new small-format stores opening this week.

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Apple drags down Wall Street from record highs

(Reuters) - Losses in Apple stalled Wall Street's record run on Thursday as worries over slack demand for iPhone 8 sent its shares down 2.5 percent.

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Tesla's Model 3 gets an 'average' as new tech dents auto reliability: Consumer Reports

DETROIT (Reuters) - Tesla Inc's new Model 3 sedan is likely to have "average" reliability despite production snags because it uses older technology rather than newer innovations that are causing problems for automakers, Consumer Reports magazine said on Thursday.

businessNews reuters.com

U.S. jobless claims hit 44-1/2-year low; mid-Atlantic factories humming

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits dropped to its lowest level in more than 44-1/2 years last week, pointing to a rebound in job growth after a hurricane-related decline in employment in September.

businessNews reuters.com

United Airlines shares tumble as fourth quarter guidance underwhelms

(Reuters) - United Airlines shares fell sharply on Thursday, losing as much as 11.5 percent in midday trading as investors sold the carrier's shares after it released disappointing forecasts for the fourth quarter.

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GM to settle state ignition claims for $120 million

WASHINGTON (Reuters) - General Motors Co on Thursday agreed to pay $120 million to resolve claims from 49 U.S. states and the District of Columbia over faulty ignition switches, state attorneys general said.

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Apple stalls Wall Street's record run

(Reuters) - Wall Street pulled back from record highs on Thursday with Apple leading a decline in technology stocks and a bunch of weak corporate results adding to the dour mood.

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Stocks retreat from record, U.S. Treasury yields slip

NEW YORK (Reuters) - World stock markets broadly retreated amid investor caution after a flurry of tepid corporate earnings reports from around the globe, stoking demand instead for safer assets like U.S. Treasuries, pushing yields lower.

worldNews reuters.com

Germany's FDP, Greens try to find common ground at first talks

BERLIN (Reuters) - A first meeting between Germany's pro-business Free Democrats (FDP) and the Greens about joining a coalition led by conservative Chancellor Angela Merkel focused on finding out common points of agreement, FDP General Secretary Nicola Beer said on Thursday.

businessNews reuters.com

Tech leads Wall Street's retreat from record high

(Reuters) - Wall Street fell sharply on Thursday, pulling back from record highs, amid a broad decline that was led by technology stocks and disappointing quarterly reports from major companies.