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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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India's Infosys approves up to $2 billion buyback of shares

MUMBAI (Reuters) - The board of India's second biggest IT firm, Infosys Ltd , on Saturday approved a share buyback program of up to 130 billion rupees ($2.03 billion), a day after Vishal Sikka resigned as chief executive after a long-running feud with the company's founders.

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Shift from non-GAAP bottom lines could be good for stock prices

SAN FRANCISCO (Reuters) - Investors worried about lofty stock-market valuations may take comfort in signs that companies in the benchmark S&P 500 index are padding their bottomlines less than they have in previous years.

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Former UAW official charged in Fiat Chrysler payoff probe

(Reuters) - A former senior official at the United Auto Workers trade union was charged on Friday with conspiring with other union officials to accept improper payments from Fiat Chrysler Automobiles NV officials over a four-year period.

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U.S. prosecutors recommend three years in prison for VW engineer Liang

DETROIT (Reuters) - Federal prosecutors on Friday recommended a three-year prison sentence for Volkswagen AG engineer James Liang for his role in a diesel emissions scandal that has cost the German automaker as much as $25 billion.

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Platinum founder's lawyers ordered not to contact U.S. government witnesses

NEW YORK (Reuters) - A U.S. judge on Friday ordered lawyers defending Platinum Partners founder Mark Nordlicht in a $1 billion fraud case not to communicate with U.S. government witnesses or their lawyers, after prosecutors claimed Nordlicht's lawyers tried to intimidate a key witness.

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Elliott Management lawyer says utility may top Buffett's Oncor bid

(Reuters) - A lawyer for Elliott Management told a U.S. bankruptcy judge on Friday that an unidentified utility could pay $9.3 billion to buy Texas power transmission company Oncor, topping a $9 billion bid by Warren Buffett's Berkshire Hathaway Inc.

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Exclusive: Citigroup tops eight-bank group for Petrobras unit IPO - source

SAO PAULO (Reuters) - Citigroup Inc and seven other banks will underwrite the initial public offering of Petróleo Brasileiro SA's fuel distribution unit, which will likely occur in November, a person with direct knowledge of the plan said on Thursday.

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N.Y. Fed raises U.S. third-quarter GDP growth view above two percent

NEW YORK (Reuters) - The New York Federal Reserve on Friday raised its estimate of U.S. gross domestic product growth for the third quarter above 2 percent based on this week's data on retail sales, industrial output and regional manufacturing.

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Summer rumblings could herald a stormy fall for U.S. stocks

NEW YORK (Reuters) - The Trump-fed rally in stocks, lately showing signs of faltering as the long Wall Street summer nears its end, faces a key test in the weeks ahead with the approach of a historically unkind season for equities and a clutch of issues - such as raising the debt ceiling - awaiting the return of lawmakers to Washington.

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Wells Fargo troubles shift from phony accounts it opened to real accounts it closed

(Reuters) - After paying customers millions of dollars for opening phony accounts they did not want, Wells Fargo & Co has said it is now grappling with the possibility it harmed customers by closing real accounts they needed, leaving them without access to funds.

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Stability concerns focus at Fed ahead of Yellen speech

WASHINGTON (Reuters) - The stock market's steady rise, still low long-term bond yields and a sagging dollar are girding the Fed's intent to raise interest rates again this year despite concerns about weak inflation, according to comments this week from Fed officials and analysts anticipating remarks next week by Chair Janet Yellen.

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Why do you hate me? A brown woman talks to a former white nationalist

Everybody's writing about white nationalists. But nobody's asking them the things I really want to know, as a woman of color and a mom of two kids. I reached out to Arno Michaelis, a former activist in the white power movement, to better understand how their world might affect mine. He is the author of "My Life After Hate" and details his journey in this CNN Opinion piece. Our phone conversation, lightly edited for flow, is below.

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Facebook's Mark Zuckerberg to take two months of paternity leave

(Reuters) - Facebook Inc founder Mark Zuckerberg said on Friday he would be taking two months of paternity leave after the birth of his second daughter.

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U.S. dollar stores stand their ground in escalating retail price war

U.S. dollar stores have not become collateral damage, as feared, in a price war among big retailers including Wal-Mart Stores Inc and Kroger Co , which has pushed down prices of key items such as eggs and laundry detergent.

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NAFTA negotiators hone in on origin rules, dispute settlement

WASHINGTON (Reuters) - U.S., Canadian and Mexican negotiators on Friday began digging into some of the thorniest issues in modernizing the North American Free Trade Agreement, including rules of origin for goods produced in the region, services trade and a controversial dispute settlement system.

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Footwear retailers trampled as price war sparks concerns

(Reuters) - Shares of sporting goods retailers were pummeled in early trading on Friday as dismal quarterly results from Hibbett and Foot Locker heightened investor concerns about a supply glut intensifying price wars in the industry.

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Nestle defends 'Kit Kat' campaign against Atari 'Breakout' lawsuit

(Reuters) - Nestle SA on Friday paddled back claims in a new lawsuit in which Atari SA accused the Swiss food company of pilfering its classic 1970s video game "Breakout" to help sell Kit Kat chocolate-covered wafer bars.

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AT&T considers sale of home security business: sources

(Reuters) - AT&T Inc is exploring options for its Digital Life home security business, including selling it, as it seeks to pay down debt following its planned $85.4 billion acquisition of Time Warner Inc , people familiar with the matter said.

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Swiss road agency bans new Porsche Cayenne registrations

ZURICH (Reuters) - Switzerland's road agency on Friday imposed a preliminary ban on new registrations of Porsche Cayenne cars equipped with manipulated diesel engine management software.

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Futures flat amid growing concerns over Trump agenda

(Reuters) - U.S. stock index futures were little changed on Friday, a day after the S&P posted its biggest daily percentage loss in about three months, on mounting worries about President Donald Trump's ability to legislate his pro-growth agenda.

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Top fund investors pumped brakes on fast-rising Tesla: filings

BOSTON (Reuters) - Top Tesla Inc investors Fidelity Investments and T. Rowe Price cut their holdings in the second quarter and indicated they were taking profits from the electric car maker stock, which is up 65 percent this year.

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Union says Air Berlin's Niki Airlines future is unclear

VIENNA (Reuters) - Union representatives of insolvent Air Berlin's Austrian unit Niki Airlines said its future was unclear and they hoped for support from the Austrian government if it runs out of money.

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German gov't not involved in Air Berlin talks - economy ministry

BERLIN, Aug 18 (Reuters) - The German government is not involved in talks on the sale of insolvent German airline Air Berlin's assets, an Economy Ministry spokesman said on Friday, adding there was also no deadline for the companies to seal a deal.

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Ukraine central bank warns of new cyber-attack risk

KIEV (Reuters) - The Ukrainian central bank said on Friday it had warned state-owned and private lenders of the appearance of new malware as security services said Ukraine faced cyber attacks like those that knocked out global systems in June.

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Exclusive: India threatens Philip Morris with 'punitive action' over alleged violations

NEW DELHI (Reuters) - The Indian government has threatened Philip Morris International Inc with "punitive action" over the tobacco giant's alleged violation of the country's anti-smoking laws, according to a letter sent to the company by the federal health ministry.

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Former Uber CEO says investor lawsuit a 'public and personal attack'

SAN FRANCISCO (Reuters) - The ousted chief executive officer of Uber Technologies Inc called a lawsuit filed against him by one of the company's top investors a "public and personal attack" without merit, according to court documents filed late on Thursday.

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Infosys CEO Vishal Sikka resigns; company names interim chief executive

(Reuters) - India's No. 2 IT Services company Infosys Ltd said Vishal Sikka had resigned as managing director and chief executive of the company with immediate effect, sending shares tumbling more than 7 percent in early trading on Friday.

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Chevron drops appeal over landmark Australian tax ruling

MELBOURNE (Reuters) - Chevron Corp has withdrawn an appeal to Australia's High Court over a disputed A$340 million ($268 million) tax bill, leaving in place a landmark court ruling on related-party loans that could affect other multinational companies.

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Investors sell stocks, dollar on fears Trump agenda is foundering

SINGAPORE (Reuters) - Asian stock investors joined a global retreat from riskier assets on Friday and the dollar wavered on growing doubts about U.S. President Donald Trump's ability to fulfill his economic agenda.

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Nestle accused of pilfering Atari 'Breakout' game for 'Kit Kat' ads

(Reuters) - A new lawsuit accuses Nestle SA of blatantly violating the rights of Atari by using without permission the classic 1970s video game "Breakout" in a new marketing campaign for its Kit Kat chocolate-covered wafers.

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Despite legal victory, America Movil may face tough ride with regulator

MEXICO CITY (Reuters) - Despite a landmark Supreme Court ruling in his favor, Mexican mogul Carlos Slim shouldn't break out the champagne just yet.

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Deutsche Bank, Bank of America settle agency bond rigging lawsuits

NEW YORK (Reuters) - Deutsche Bank AG and Bank of America Corp agreed to pay a combined $65.5 million to settle investor litigation accusing large banks of rigging the roughly $9 trillion government agency bond market over a decade.

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Auto groups side with Canada, Mexico on NAFTA origin rules

WASHINGTON (Reuters) - Auto industry groups from Canada, Mexico and the United States are pushing back against the Trump administration's demand for higher U.S. automotive content in a modernized North American Free Trade Agreement.

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Lockheed Martin awarded part of $499 million U.S. defense contract: Pentagon

WASHINGTON (Reuters) - Top U.S. defense contractor Lockheed Martin was named on Thursday as one of six companies that will share a $499 million contract for research into aerospace systems aimed at developing new technologies and capabilities, the Pentagon said.

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Iran denies appeal of jailed Princeton student: university

WASHINGTON (Reuters) - Iranian authorities have denied the appeal of a Princeton University student who had been convicted on espionage charges and sentenced to 10 years in prison, the university and his wife said on Thursday.

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U.S. pension funds sue Goldman, JPMorgan, others over stock lending market

(Reuters) - Three U.S. pension funds sued six of the world's largest banks on Thursday, including Goldman Sachs Group Inc and JP Morgan Chase & Co , accusing them of conspiring to stifle competition in the more than $1 trillion stock lending market.

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On sidelines of trade talks, businesses tout NAFTA's benefits

WASHINGTON (Reuters) - Steps away from this week's NAFTA trade negotiations, business unified in hopes of sending a singular message: do no harm.

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Gap same-store sales tops estimates, ups profit forecast; shares jump

(Reuters) - Clothing retailer Gap Inc reported better-than-expected same-store sales for the second quarter, helped by strong demand for Old Navy products, fewer discounts, and the company's efforts to better manage inventory.

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Applied Materials beats profit estimates, shares rise

(Reuters) - Applied Materials Inc , the world's largest supplier of tools used to make semiconductors, reported a better-than-expected quarterly profit helped by strong growth in its semiconductor business.

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YouTube TV expands to 14 new markets, partners with Sinclair stations

(Reuters) - Alphabet Inc's Google has expanded its YouTube TV streaming service into 14 new U.S. markets to reach half of American households, with an additional 17 markets to launch in the next few weeks, the company said on Thursday.

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Airline investor Woehrl interested in Air Berlin

FRANKFURT (Reuters) - Airline entrepreneur Hans Rudolf Woehrl is interested in insolvent Air Berlin , a spokeswoman for his company INTRO-Verwaltungs GmbH told Reuters, responding to a media report saying he was planning a bid.

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BlackRock's largest mutual fund boosts energy holdings: manager

NEW YORK (Reuters) - BlackRock Inc's largest mutual fund hiked its exposure to "select names" in energy as the sector has lagged this year, one of its portfolio managers said on Thursday.

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Exclusive: SEC officials' holdings, legal work, pose potential conflicts

WASHINGTON (Reuters) - Two lawyers appointed to senior jobs at the U.S. Securities and Exchange Commission have ties to major companies including financial firms Goldman Sachs Group Inc and Wells Fargo & Co that could complicate efforts to regulate them, according to government documents viewed by Reuters.

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GM creditor trust drops settlement with ignition switch plaintiffs

NEW YORK (Reuters) - In a blow to people suing General Motors Co over faulty ignition switches and other alleged vehicle defects, a trust that holds many GM liabilities from before its 2009 bankruptcy has canceled a settlement that sought to force the automaker to pay $1 billion in shares to resolve millions of claims.

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Mylan, U.S. finalize $465 million EpiPen settlement

BOSTON (Reuters) - Mylan NV has finalized a $465 million settlement with the U.S. Justice Department resolving claims it overcharged the government for its EpiPen emergency allergy treatment, which became the center of a firestorm over price increases.

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U.S. appeals court rules for Uber in arbitration dispute

NEW YORK (Reuters) - A U.S. appeals court on Thursday ruled in favor of Uber Technologies Inc [UBER.UL] in a lawsuit over whether passengers gave up their right to sue the company when they registered for its taxi-hailing service,

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UPDATE 1-India clears purchase of six Boeing helicopters in $650 mln deal

NEW DELHI, Aug 17 (Reuters) - India on Thursday cleared the purchase of six more Boeing Co Apache helicopters in a deal worth close to 42 billion rupees ($654.6 million), a defence ministry official said.

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Germany's Lufthansa looking to buy majority of Air Berlin planes

BERLIN/FRANKFURT (Reuters) - Germany's Lufthansa is considering buying a majority of insolvent Air Berlin's aircraft, two people familiar with the matter said, as the government and rivals race to carve it up.

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India clears purchase of six Boeing helicopters in $650 million deal: official

NEW DELHI (Reuters) - India's Defence Acquisition Council on Thursday cleared the purchase of six more Boeing Co Apache helicopters in a deal worth 42 billion rupees ($654.6 million), a defense ministry official said.

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U.S. jobless claims fall to near six-month low

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell to near a six-month low last week, pointing to a further tightening in the labor market that could encourage the Federal Reserve to lay out a plan to start unwinding its massive bond portfolio.

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U.N. hopes for Syria peace talks in October/November

GENEVA (Reuters) - The United Nations hopes for "serious negotiation" between the government and a still-to-be-formed unified Syrian opposition in October or November, the U.N. Special Envoy Staffan de Mistura said on Thursday.

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Exclusive: China's CEFC in early talks to buy Rosneft stake - sources

HONG KONG/BEIJING (Reuters) - CEFC China Energy, which has grown from a niche oil trader to a sprawling energy conglomerate, is in talks to acquire a stake in Russian state oil giant Rosneft , three people with direct knowledge of the discussions said.

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Wal-Mart comparable sales beat estimates, margins dip

CHICAGO (Reuters) - Wal-Mart Stores Inc on Thursday reported its 12th straight quarterly increase in comparable sales, but margins fell as the retailer continued to cut prices and invest in its e-commerce operations.

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Turkey to boost military cooperation with Iran after army chief's visit

ANKARA (Reuters) - Turkey and Iran have agreed to boost military cooperation after talks in Ankara this week between the Iranian armed forces chief of staff and Turkish leaders, President Tayyip Erdogan's spokesman said on Thursday.

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Futures lower on weak inflation concerns

(Reuters) - U.S. stock index futures were lower on Thursday, a day after the release of minutes from the Federal Reserve's meeting showed policymakers appeared wary about weak inflation, muddying the path of future interest rate hikes.

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UPDATE 1-Sixt CEO hints at car-sharing merger talks between BMW and Daimler

* Sixt says in past it had not received offers for DriveNow stake

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China's Alibaba outstrips revenue estimates with online sales growth

(Reuters) - Alibaba, China's top e-commerce firm, beat analyst's estimates with a 56 percent rise in first-quarter revenue, driven by growth in online sales which make up most of its business.

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Iranian opposition leader hospitalized after hunger strike: report

ANKARA (Reuters) - Mehdi Karroubi, an elderly Iranian opposition leader under house arrest since 2011, was hospitalized on Thursday after starting a hunger strike to support his demand for a public trial, his official website reported.

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Wisconsin lawmakers debate billions in incentives for Foxconn plant

(Reuters) - The Wisconsin State Assembly on Thursday will consider a $3 billion incentive package for a proposed liquid-crystal display factory by Taiwan's Foxconn, the first vote on the deal by a chamber of the state's Republican-controlled legislature.

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Sixt CEO hints at car-sharing merger talks between BMW and Daimler

FRANKFURT (Reuters) - German carmakers Daimler and BMW may be in talks to combine their car-sharing services Car2Go and DriveNow, Sixt chief executive Erich Sixt, whose company owns part of DriveNow, hinted on Thursday.

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Apple's Cook says he disagrees with Trump, vows donations to rights groups

(Reuters) - Apple Inc (AAPL.O) CEO Tim Cook has joined a chorus of business leaders who have voiced their opposition to President Donald Trump after he blamed white nationalists and anti-racism activists equally for violence in Virginia over the weekend.

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Fed's Fischer says move to unwind bank regulation 'dangerous': FT

LONDON (Reuters) - Efforts by the United States government to loosen regulations on banks are "dangerous and extremely short-sighted", one of the U.S. central bank's top policymakers said in an interview with the Financial Times published late on Wednesday.

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Britain confident of moving to second phase in Brexit talks by October

LONDON (Reuters) - Britain is confident it will make "sufficient progress" in negotiations with the European Union by October to move to the next phase of the talks, its Brexit department said on Thursday.

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NAFTA talks must include discussion on fintech: Mexican negotiator

WASHINGTON (Reuters) - Talks to renegotiate the North American Free Trade Agreement (NAFTA) must include a discussion of new financial services, a Mexican negotiator said on Wednesday, singling out so-called fintech companies rapidly gaining ground in the region.

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Buffett's Berkshire Hathaway will not increase its Oncor offer

(Reuters) - The energy unit of Warren Buffett's Berkshire Hathaway Inc said on Wednesday it will "stand firm" on its $9 billion offer to acquire 80 percent of Oncor Electric Delivery Company LLC and will not increase its offer.

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Asia shares up on North Korea reprieve, dollar back in doldrums

SINGAPORE (Reuters) - Asian stocks edged up on Thursday as tensions between the U.S. and North Korea came off the boil, while worries about President Donald Trump's ability to implement his pro-growth agenda and the Federal Reserve's concerns about low U.S. inflation hit the dollar.

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Union Pacific to layoff 750 U.S. employees amid broader cost-cutting

(Reuters) - Union Pacific Corp said on Wednesday it will cut roughly 500 management jobs and 250 railroad workers by mid-September as the No. 1 U.S. railroad continues broader cost-cutting.

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Cisco's security business revenue growth misses estimates, shares drop

(Reuters) - Cisco Systems Inc's revenue from its closely-watched security business rose less than analysts had estimated in the fourth quarter, sending the company's shares down about 2.5 percent in after-hours trading on Wednesday.

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Mexico's top court gives Slim's America Movil victory in telecom battle

MEXICO CITY (Reuters) - The Mexican Supreme Court on Wednesday found unanimously that billionaire Carlos Slim's telecommunications company America Movil should not be barred by law from charging its rivals interconnection fees, a setback to a sweeping reform intended to curb the firm's dominance.

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Fed's Mester says U.S. rate hikes should continue despite weak inflation

NEW YORK (Reuters) - Cleveland Federal Reserve Bank President Loretta Mester said the recent weakness in U.S. inflation has not convinced her the Fed should delay plans for further interest rate hikes in an economy she feels remains on track for steady growth and rising wages.

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GM's Maven may compete with Lyft and Uber in ride services

(Reuters) - General Motors Co's Maven car sharing and rental unit could wind up competing with two of its biggest customers, Uber Technologies and Lyft Inc, with an ambitious expansion plan that could take it eventually into ride and delivery services.

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Ackman says owned stake in Hilton, a previously unnamed bet

BOSTON (Reuters) - Investor William Ackman said on Wednesday his hedge fund had bought and sold a stake in Hilton Worldwide Holdings, identifying the portfolio company that recently earned him a double digit return.

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Fed policymakers grow more worried about weak inflation: minutes

WASHINGTON (Reuters) - Federal Reserve policymakers appeared increasingly wary about recent weak inflation and some called for a halt to further interest rate hikes until it was clear the trend was transitory, according to the minutes of the central bank's last policy meeting.

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Black banker sues Goldman Sachs for racial discrimination

(Reuters) - A black banker in Goldman Sachs Group Inc's personal wealth management unit filed a lawsuit on Wednesday accusing the firm of steering top clients to her white colleagues and denying her promotions because of her race.

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Samsung, Foxconn to back cable-free phone tech

(Reuters) - A startup backed by Tony Fadell, one of the fathers of the Apple iPod, plans to announce Wednesday it is working with Samsung Electronics Co Ltd , Foxconn parent Hon Hai Precision Industry Co Ltd and others on a new way for mobile phones to transfer large amounts of data without using wires or WiFi connections.

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Chinese automakers kick tires at FCA, but any deal faces obstacles

HONG KONG (Reuters) - Geely Automobile Holdings Ltd said on Wednesday it was not planning a bid for Fiat Chrysler Automobiles NV , and while other potential Chinese suitors remain any tie-up could face significant U.S. regulatory obstacles.

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U.N. chief: Venezuela gov't, opposition talks needed to solve crisis

UNITED NATIONS (Reuters) - United Nations Secretary-General Antonio Guterres said on Wednesday that Venezuela's government and opposition needed to talk and compromise to solve the country's political crisis.

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Ireland rejects EU's demand that it collect 13 billion euros from Apple

BERLIN (Reuters) - Ireland's finance minister rejected the European Commission's demand that it retroactively collect 13 billion euros in taxes from Apple , saying this was not Dublin's job in an interview with Germany's Frankfurter Allgemeine (FAZ) newspaper.

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U.S. regulators charge bank employee, six others with insider trading

NEW YORK (Reuters) - U.S. securities regulators on Wednesday accused an employee of a large multinational bank and six other people of taking part in an insider trading scheme that reaped more than $5 million in profits.

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U.S. judge in Takata bankruptcy halts lawsuits vs. automakers

CHICAGO (Reuters) - A U.S. judge overseeing the bankruptcy of Takata Corp's U.S. business on Wednesday halted lawsuits for 90 days against automakers brought by victims of its faulty air bag inflators.

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U.S. talks tough as NAFTA negotiations get under way

WASHINGTON (Reuters) - The United States on Wednesday laid down a tough line for modernizing the North American Free Trade Agreement, demanding major changes to the pact that would reduce U.S. trade deficits with Mexico and Canada and increase U.S. content for autos.

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Iran's military chief in rare visit to Turkey for Syria talks

ANKARA (Reuters) - Turkish and Iranian military leaders held talks on Wednesday over cooperation in the Syrian conflict and counter-terrorism, officials said, during a rare visit to NATO-member Turkey by the Islamic Republic's military chief of staff.

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Maersk upbeat on shipping outlook, faces hefty cyber attack bill

COPENHAGEN (Reuters) - Denmark's A.P. Moller Maersk gave an upbeat outlook for container shipping on Wednesday, lifting its shares by as much as 4.5 percent as investors looked beyond one-off second-quarter charges and a costly cyber attack on its operations.

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With a wary eye on Iran, Saudi and Iraqi leaders draw closer

BAGHDAD/DUBAI (Reuters) - It was an unusual meeting: an Iraqi Shi'ite Muslim cleric openly hostile to the United States sat in a palace sipping juice at the invitation of the Crown Prince of Saudi Arabia, the Sunni kingdom that is Washington's main ally in the Middle East.

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Reckitt bets on 'smart' products to renew innovation mojo

SLOUGH, England (Reuters) - Reckitt Benckiser is betting on connected consumer products as part of a push to show investors its innovative approach can still drive growth.

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UnitedHealth names Wichmann CEO, Helmsley executive chairman

NEW YORK (Reuters) - UnitedHealth Group Inc said on Wednesday president David Wichmann will become the company's chief executive, succeeding Stephen Hemsley, who is moving to the newly created role of executive chairman after more than a decade at the helm of the largest U.S. health insurer.

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Merkel vows to pressure auto firms to boost electric cars

BERLIN (Reuters) - Germany must exert pressure on auto companies to accelerate the transition to electric cars, Chancellor Angela Merkel said on Wednesday as German firms try to mend their reputation after a diesel emissions scandal.

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Air Berlin CEO blames delays to new airport for insolvency

FRANKFURT (Reuters) - Air Berlin's chief executive blamed long delays in the opening of a new Berlin airport for the German airline's insolvency in an interview published by Germany's Die Zeit.

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Walnut whipped out as Nestle introduces nut-free fondants

LONDON (Reuters) - Nestle risked an outbreak of consumer mockery on Wednesday by launching new versions of its popular Walnut Whip candies lacking the nutty ingredient after which they are named.

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Uber sorry for Philippines 'misunderstanding', but suspension stands

MANILA (Reuters) - The Philippine transport regulator stood by its one-month suspension of Uber Technologies Inc [UBER.UL] on Wednesday, despite its apology for a "misunderstanding" in failing to heed a directive to stop accepting new driver applications.

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Futures higher ahead of Fed minutes

(Reuters) - U.S. stock index futures were higher on Wednesday ahead of the minutes on the Federal Reserve's July policy meeting, which will offer clues on the future path of interest rate hikes.

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Thomas Cook ready to play active role in Air Berlin's future

BERLIN (Reuters) - Tour operator Thomas Cook and its German airline Condor are prepared to play an active role in a restructuring of insolvent carrier Air Berlin , Thomas Cook said on Wednesday.

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Trump, in tweet, again blasts Amazon over taxes, jobs

WASHINGTON (Reuters) - U.S. President Donald Trump on Wednesday criticized Amazon.com on Twitter over taxes and jobs and accused the global retailer, without evidence, of hurting U.S. localities and causing job losses.

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Target posts higher quarterly comp sales after a year of declines

(Reuters) - Target Corp reported a 1.3 percent rise in quarterly comparable sales, after a year of declines, helped by higher customer visits to its stores and website.

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Moscow hopes Iran won't quit nuclear deal

MOSCOW (Reuters) - Russian Foreign Minister Sergei Lavrov said on Wednesday he hoped that Iran would not quit the agreement Iran reached in 2015 with world powers to curb Tehran's nuclear work in return for the lifting of most sanctions.

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Deutsche Bank to beef up trade finance in emerging markets

FRANKFURT (Reuters) - Deutsche Bank plans to beef up its trade finance business in the developing world, creating new jobs and investing in technology, it said on Wednesday.

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Fiat Chrysler joins autonomous driving team of BMW, Intel, Mobileye

SAN FRANCISCO (Reuters) - Fiat Chrysler is joining the self-driving alliance led by BMW Group, Intel Corp and its Mobileye subsidiary, becoming the second automaker in the year-old group to opt to partner in developing an autonomous driving platform.

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As NAFTA talks begin, Trump's 'America First' agenda looms large

WASHINGTON (Reuters) - As the United States, Canada and Mexico kick off negotiations on Wednesday to modernize the North American Free Trade Agreement, the biggest uncertainty is whether a deal can pass President Donald Trump's "America First" test.

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With no U.S.-Canada deal, lumber talks to run parallel to NAFTA

WASHINGTON, Aug 16 (Reuters) - The United States and Canada have failed to settle a festering trade dispute on softwood lumber ahead of talks to modernize the North American Free Trade Agreement (NAFTA), but will keep the lumber negotiations on a separate, parallel track, officials from both countries said.

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Dollar revived by upbeat U.S. data, North Korea respite

SYDNEY (Reuters) - The dollar hoarded hefty gains on Wednesday after strong U.S. retail data put a Federal Reserve rate hike back on the agenda, while Asia stocks inched ahead as tensions over North Korea simmered down little.

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Bombardier applies for judicial review against Metrolinx

(Reuters) - Bombardier Inc , which was excluded from bidding on a contract by Ontario-based transportation agency Metrolinx, said on Tuesday it had filed an application for judicial review.

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China's Belt and Road acquisitions surge despite outbound capital crackdown

HONG KONG (Reuters) - Mergers and acquisitions by Chinese companies in countries that are part of the Belt and Road initiative are soaring, even as Beijing cracks down on China's acquisitive conglomerates to restrict capital outflows.

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Elliott Management raises stake in BHP to 5 percent

MELBOURNE (Reuters) - Hedge fund Elliott Management has raised its stake in BHP Billiton to 5 percent, stepping up a campaign to make the top global miner quit all or part of its petroleum business, boost returns and ditch its dual listing.

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Fractured U.S. solar sector argues at tariff hearing

(Reuters) - A bitterly divided U.S. solar power industry descended on Washington on Tuesday to testify before a government panel that has been asked to impose steep tariffs on imported solar panels.

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Brazil's Oi, regulator hold confidential talks on Tuesday

BRASILIA, Aug 15 (Reuters) - Brazilian telecoms regulator Anatel met with representatives of phone carrier Oi and mediators on Tuesday for confidential talks, Anatel said in a statement on Tuesday, amid Oi's protracted bankruptcy process.

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Tech companies ramp up NAFTA lobbying on eve of trade talks

WASHINGTON (Reuters) - Technology companies, such as Microsoft and Cisco Systems have ramped up lobbying ahead of talks to renegotiate the North American Free Trade Agreement, looking to avoid any future restrictions on cloud storage and to promote an international pact to eliminate technology goods tariffs.

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U.S. envoy says Iran cannot 'hold world hostage' with nuclear deal

UNITED NATIONS (Reuters) - U.S. Ambassador to the United Nations Nikki Haley said on Tuesday Iran must be held responsible for "its missile launches, support for terrorism, disregard for human rights, and violations of U.N. Security Council resolutions."

businessNews reuters.com

Wells Fargo announces board changes, names new chair

(Reuters) - Wells Fargo & Co on Tuesday announced multiple changes in its board of directors, including a new chair, adding a new independent director and changing the composition of board committees.

worldNews reuters.com

Iran building long-range rocket factory in Syria: Israeli TV

JERUSALEM (Reuters) - An Israeli television report said on Tuesday that Iran is building a facility in northwest Syria to manufacture long-range rockets, and showed satellite images it said were of the site under construction.

businessNews reuters.com

Blackstone ends talks for NSO Group stake that prompted protest: sources

(Reuters) - Blackstone Group has pulled out of discussions to buy part of Israeli mobile surveillance software maker NSO Group, according to people familiar with the talks that had been criticized by digital privacy activists.

businessNews reuters.com

Apple plans to sell C$2.5 billion in bonds in Canada: IFR

TORONTO (Reuters) - Apple Inc plans to sell C$2.5 billion ($1.96 billion) in bonds in a Canadian-dollar-denominated issue, which would be a record amount for an issuer in the Maple bond market, Thomson Reuters IFR reported on Tuesday.

worldNews reuters.com

Canada PM Trudeau eyeing Mexico trip in October amid NAFTA talks

OTTAWA (Reuters) - Canadian Prime Minister Justin Trudeau is considering a trip to Mexico in October to meet with Mexican President Enrique Pena Nieto, his office said on Tuesday.

businessNews reuters.com

AIG shops $2 billion death benefits portfolio: sources

(Reuters) - American International Group Inc wants to sell a $2 billion portfolio of life insurance policies that would pay out when sick or elderly customers die, two people familiar with the matter said.

topNews reuters.com

NAFTA negotiators aim for 'ambitious' first round of talks: U.S. official

WASHINGTON (Reuters) - Negotiators from Canada, Mexico and the United States are aiming for an ambitious first round of trade talks, a senior U.S. official said on Tuesday, as the countries try to fast-track a deal to modernize the pact by early next year.

worldNews reuters.com

Iranian court freezes assets of more than 150 BBC staff

DUBAI (Reuters) - More than 150 Iranian current and former BBC staff and contributors have been barred from major financial transactions in Iran, an Iranian court order seen by Reuters showed, in a fresh step against foreign media seen as hostile to Tehran.

businessNews reuters.com

Americans' debt level notches a new record high

NEW YORK (Reuters) - Americans' debt level notched another record high in the second quarter, after having earlier in the year surpassed its pre-crisis peak, on the back of modest rises in mortgage, auto and credit card debt, where delinquencies jumped.

businessNews reuters.com

NAFTA negotiators aiming for 'ambitious' first round of talks: USTR official

WASHINGTON (Reuters) - Negotiators from Canada, Mexico and the United States are aiming for an ambitious first round of NAFTA talks starting on Wednesday, a senior U.S. trade official said on Tuesday, as the countries work to wrap up negotiations by early next year.

businessNews reuters.com

Uber settles U.S. allegations over privacy, security: FTC

WASHINGTON (Reuters) - Uber has settled allegations with U.S. regulators that the ride-sharing company had made deceptive privacy and data security claims, the Federal Trade Commission said in a statement on Tuesday.

worldNews reuters.com

In Iran, Islamic State seeks to fan militancy among minorities

LONDON/DUBAI (Reuters) - Islamic State is seeking to radicalize disaffected ethnic minorities in majority Shi'ite Iran to encourage attacks intended to avenge Tehran's offensive against the group across the Middle East.

businessNews reuters.com

Brazil's JBS maintains plans for IPO of U.S. unit

SAO PAULO (Reuters) - The world's largest meatpacker JBS SA will press on with plans to list shares of its United States subsidiary next year, Chief Executive Officer Wesley Batista said during a conference call with analysts on Tuesday.

United States International Relations nytimes.com

Iran’s President Threatens to Restart Nuclear Program

Hassan Rouhani says he could revive uranium-enrichment activities in “hours” if the American government imposes any further sanctions.

businessNews reuters.com

Amazon opens 'Instant Pickup' points in U.S. brick-and-mortar push

BERKELEY, Ca (Reuters) - Amazon.com Inc is rolling out pickup points in the United States where shoppers can retrieve items immediately after ordering them, shortening delivery times from hours to minutes, the company said on Tuesday.

businessNews reuters.com

U.S. retail sales post biggest gain in seven months

WASHINGTON (Reuters) - U.S. retail sales recorded their biggest increase in seven months in July as consumers boosted purchases of motor vehicles as well as discretionary spending, suggesting the economy continued to gain momentum early in the third quarter.

worldNews reuters.com

Iraq oil city governor quits, travels to Iran after corruption investigation

BAGHDAD (Reuters) - The governor of the oil city of Basra has stepped down and gone to Iran after Iraq's anti-corruption body began investigating graft allegations against him, people close to him and officials said on Tuesday.

businessNews reuters.com

Air Berlin files for insolvency after Etihad withdraws support

BERLIN (Reuters) - Struggling German airline Air Berlin filed for insolvency on Tuesday after years of losses caught up with it and shareholder Etihad withdrew funding, with rival Lufthansa saying it was in talks to take over parts of its business.

businessNews reuters.com

Futures higher as North Korea tensions fade

(Reuters) - U.S. stock index futures were higher on Tuesday as North Korea's leader delayed a decision on firing missiles towards the U.S. Pacific territory of Guam, pointing to receding tensions between the United States and North Korea.

topNews reuters.com

Iran says its drones near U.S. vessels are safe, following rules

LONDON (Reuters) - Iran's powerful Islamic Revolutionary Guards Corps (IRGC) rejected U.S. criticism that it flew a drone unsafely near a U.S. aircraft carrier in the Gulf and it defended its right to carry out air patrol missions in the area.

worldNews reuters.com

Iran parliament edges towards softening drug laws to curb executions

DUBAI (Reuters) - Iran's parliament has taken a tentative step towards reducing the use of the death penalty for drug trafficking offences, Iranian media reported, a change which could save the lives of up to 5,000 mostly young convicts on death row.

businessNews reuters.com

Home Depot tops profit, comp sales estimates; raises forecast

(Reuters) - Home Depot Inc reported higher-than-expected quarterly profit and comparable sales on Tuesday, and also raised its full-year sales and profit forecast.

cnn.com

Rouhani says Iran could quit nuclear deal in 'hours' if US imposes new sanctions

Iran's newly re-elected President Hassan Rouhani has threatened to quit the 2015 nuclear deal "within hours" if the United States continues to impose new sanctions on the country.

businessNews reuters.com

German court sends challenge to ECB scheme to European Court

FRANKFURT (Reuters) - Germany's constitutional court said on Tuesday it had declined to hear a challenge to the European Central Bank's 2.3 trillion euro ($2.7 trillion) asset purchase scheme, referring the case instead to the European Court of Justice.

topNews reuters.com

Iran could quit nuclear deal in 'hours' if new U.S. sanctions imposed: Rouhani

DUBAI (Reuters) - Iran could abandon its nuclear agreement with world powers "within hours" if the United States imposes any more new sanctions, Iranian President Hassan Rouhani said on Tuesday.

businessNews reuters.com

China says it will defend interests if U.S. harms trade ties

BEIJING (Reuters) - China will take action to defend its interests if the United States damages trade ties, the Ministry of Commerce said on Tuesday, after U.S. President Donald Trump authorized an inquiry into China's alleged theft of intellectual property.

businessNews reuters.com

Asian shares, dollar rally as North Korea blinks

TOKYO (Reuters) - Asian shares rallied and the dollar firmed on Tuesday after North Korea's leader signaled that he would delay plans to fire a missile near Guam, further easing tensions and prompting investors to move back into riskier assets.

businessNews reuters.com

U.S. wages seen growing faster than headline data suggest

SAN FRANCISCO (Reuters) - U.S. wages are on the rise at a pace that is probably faster than the topline data suggest, according to a leading labor economist at the U.S. central bank.

businessNews reuters.com

Herbalife, Nu Skin shares fall on worries about China market

NEW YORK (Reuters) - Shares in multi-level marketing companies Herbalife Ltd, NU Skin Enterprises Inc and USANA Health Sciences Inc tumbled in high volume on Monday after a Chinese government website announced a crackdown on pyramid schemes.

businessNews reuters.com

Activist fund Corvex has $400 million stake in Danone: Bloomberg

(Reuters) - Activist hedge fund Corvex Management owns shares in French food group Danone SA worth about $400 million, viewing the world's largest yogurt maker as significantly undervalued, Bloomberg reported late on Monday, citing people familiar with the matter.

businessNews reuters.com

Costco owes Tiffany $19.4 million for fake Tiffany rings: U.S. judge

NEW YORK (Reuters) - A federal judge on Monday said Tiffany & Co may recover at least $19.4 million in damages from Costco Wholesale Corp over the warehouse club chain's illegal sale of counterfeit diamond engagement rings bearing the "Tiffany" name.

businessNews reuters.com

U.S. judge says LinkedIn cannot block startup from public profile data

SAN FRANCISCO (Reuters) - A U.S. federal judge on Monday ruled that Microsoft Corp's LinkedIn unit cannot prevent a startup from accessing public profile data, in a test of how much control a social media site can wield over information its users have deemed to be public.

businessNews reuters.com

JPMorgan launches new algo-driven 'dark pool' for stocks

NEW YORK (Reuters) - JPMorgan Chase & Co has begun trading on a new private stock trading venue, or "dark pool," that lets its clients use the bank's algorithms to buy or sell stocks at a benchmark price reached over a period of time.

businessNews reuters.com

Buffett's Berkshire sheds GE, adds Synchrony

NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc on Monday said it has taken a 17.5 million share stake in Synchrony Financial and shed its investment in the financial services company's former parent, General Electric Co.

businessNews reuters.com

Uber investor gave Kalanick a month before suing to force him off board

(Reuters) - Venture capital firm Benchmark Capital said on Monday it gave Uber and its ousted chief executive, Travis Kalanick, a month to review its recommendations before filing a lawsuit last week to force him off the board and rescind his ability to fill three seats.

businessNews reuters.com

Fed's Dudley eyes September balance sheet move, sees one more rate hike this year

WASHINGTON (Reuters) - New York Federal Reserve Bank President William Dudley said on Monday that it was not unreasonable to think that the central bank would begin trimming its balance sheet in September and sees another rate hike this year should economic data hold up.

businessNews reuters.com

Trump's probe on China intellectual property theft could spur change

WASHINGTON (Reuters) - U.S. President Donald Trump returned to Washington on Monday to authorize an inquiry into China's alleged theft of intellectual property, a step that analysts say is aimed at pressuring Beijing into a negotiated settlement to revise its practices.

businessNews reuters.com

U.S. hedge funds circle high-flying tech stocks in second-quarter: SEC filings

NEW YORK (Reuters) - U.S. hedge fund managers were active in the FAANG group of high-flying tech stocks in the second quarter, with Third Point increasing its stake in two of the companies and Omega Advisors trimming stakes in three, regulatory filings showed.

businessNews reuters.com

Target appoints Walmart, General Mills executives to shore up grocery business

CHICAGO (Reuters) - Target Corp said on Monday it has hired two former executives from Wal-Mart Inc and General Mills Inc to join its food and beverage business, as the retailer seeks to revamp its grocery aisles.

environmentNews reuters.com

Canadian lumber producers hit by BMO downgrade as NAFTA talks loom

TORONTO (Reuters) - Shares of Canadian lumber producers slumped on Monday after BMO Capital Markets downgraded much of the sector on concerns that punitive U.S. duties, a stronger Canadian dollar and ongoing litigation would hurt the sector.

worldNews reuters.com

Iranian drone comes close to U.S. aircraft carrier: U.S. Navy

WASHINGTON (Reuters) - An Iranian drone came within 1,000 feet (300 meters) of a U.S. aircraft carrier while it was in international waters in the Gulf conducting flight operations, a spokesman for the U.S. Naval Forces Central Command said on Monday.

businessNews reuters.com

Pershing Square says ADP CEO misled board on talks with hedge fund

(Reuters) - Activist investor Pershing Square Capital Management LP said on Monday the chief executive of Automatic Data Processing Inc had "unfairly characterized" their interactions in an effort to make the hedge fund's requests "appear unreasonable".

businessNews reuters.com

Facebook expands Marketplace trading service across Europe

FRANKFURT (Reuters) - Facebook is stepping up its modest moves into e-commerce by expanding its service for connecting local buyers and sellers into 17 new European markets, the U.S. company said on Monday.

businessNews reuters.com

Big-name U.S. hedge funds shed healthcare stocks during the rally in second quarter

NEW YORK (Reuters) - Several big-name hedge fund investors trimmed their stakes in healthcare companies in the second quarter as the sector led the broad U.S. stock market higher, rallying as Republican efforts to repeal and replace President Obama's signature healthcare law dimmed.

businessNews reuters.com

China's Guizhou province to oversee Apple's data project

SINGAPORE (Reuters) - China's Guizhou province, where Apple Inc has set up its first data center in the country, plans to create a working committee chaired by communist party members to oversee the U.S. company's iCloud facility.

businessNews reuters.com

Snap shares wither more as filings show some investors bailing

NEW YORK (Reuters) - Snap Inc shares fell 4 percent on Monday after U.S. securities filings showed some funds dissolving their stakes in the social media company and another brokerage lowered its price target on the stock.

businessNews reuters.com

Merck CEO resigns from Trump council after Charlottesville

(Reuters) - Merck & Co Inc Chief Executive Kenneth Frazier resigned from U.S. President Donald Trump's American Manufacturing Council on Monday, saying he was taking a stand against intolerance and extremism.

businessNews reuters.com

Barclays closures add to toll of vanishing British bank branches

LONDON (Reuters) - Barclays plans to close around 54 branches by the end of the year in an effort to cut costs, further reducing access to banking services for customers in parts of Britain.

businessNews reuters.com

Philippines suspends Uber operations for one month

MANILA (Reuters) - The Philippines on Monday suspended the accreditation and operation of Uber [UBER.UL] for one month, in a decision that followed a government crackdown on unregistered drivers offering app-based ride-hailing services.

businessNews reuters.com

Uber improves conditions for British drivers, adds tips

LONDON (Reuters) - Taxi app Uber will improve conditions for its British drivers with changes including in-app tipping, after criticism from lawmakers and unions for not giving them more rights.

businessNews reuters.com

Futures higher as North Korea tensions ease slightly

(Reuters) - U.S. stock index futures were higher on Monday as tensions on the Korean peninsula eased slightly after key U.S. officials played down the risk of an imminent war with North Korea.

businessNews reuters.com

Aldi enters grocery delivery in partnership with Instacart

CHICAGO (Reuters) - German grocery chain Aldi Inc [ALDIEI.UL] said on Sunday it has partnered with Instacart Inc to deliver groceries in three U.S. cities, a move that comes amid intense competition and disruption in the industry.

companyNews reuters.com

Trump's NAFTA autos goals to collide with industry as talks start

WASHINGTON, Aug 14 (Reuters) - The Trump administration has set a collision course with the auto industry as it launches renegotiations of the 23-year-old NAFTA trade pact this week, aiming to shrink a growing trade deficit with Mexico and tighten the rules of origin for cars and parts.

businessNews reuters.com

China's Fosun says unit bidding for U.S. speciality drugmaker Arbor

HONG KONG (Reuters) - A unit of Chinese conglomerate Fosun Group's pharmaceutical business on Monday said it is bidding for a stake in U.S. speciality drugmaker Arbor Pharmaceuticals LLC.

businessNews reuters.com

Oil markets steady as strong demand is met by ample supplies

SINGAPORE (Reuters) - Oil prices were steady early on Monday, supported by strong demand and falling inventories, but still under pressure from high output.

businessNews reuters.com

Asian shares bounce after losses, dollar sags on weak U.S. CPI

TOKYO (Reuters) - Asian stocks bounced on Monday after three losing sessions, tracking a firmer Wall Street, while the dollar was weighed down by weak U.S. inflation data which dampened prospects of another Federal Reserve interest rate hike later this year.

businessNews reuters.com

China a sweet spot for U.S. companies’ earnings in second quarter

SHANGHAI (Reuters) - Trade tensions between Washington and Beijing may be running high but Corporate America is finding China to be a reliable source of profit growth this year.

cnn.com

NAFTA talks to begin Wednesday

businessNews reuters.com

Exclusive: Arab bloc won't discriminate against U.S. firms in Qatar rift - sources

DUBAI (Reuters) - Four Arab countries that imposed sanctions on Qatar have told the United States that U.S. companies doing business with them would not be punished for also working with Doha, four sources with knowledge of the matter said.

topNews reuters.com

Britain says Brexit talks should move to next phase, as ministers show unity

LONDON (Reuters) - Britain said on Sunday that it wants talks with the EU to move on to the next phase, as it set out details of the future relationship it envisages with the bloc and senior ministers presented a united approach to negotiations.

topNews reuters.com

Iran eyes more funds for missiles, Guards after U.S. sanctions

DUBAI (Reuters) - Iran's parliament gave initial approval on Sunday to a bill to boost spending on Tehran's missile program and the elite Revolutionary Guards in retaliation for new sanctions imposed by the United States.

businessNews reuters.com

North Korea factories humming with 'Made in China' clothes, traders say

DANDONG, China (Reuters) - Chinese textile firms are increasingly using North Korean factories to take advantage of cheaper labor across the border, traders and businesses in the border city of Dandong told Reuters.

businessNews reuters.com

Iran in talks to buy 48 Airbus helicopters: report

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.

companyNews reuters.com

UPDATE 1-Iran in talks to buy 48 Airbus helicopters - report

DUBAI, Aug 12 (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.

companyNews reuters.com

Iran in talks to buy 48 Airbus helicopters - report

DUBAI, Aug 12 (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.

worldNews reuters.com

Kuwait says arrests 12 convicted in 2015 Iran spy case

DUBAI (Reuters) - Kuwaiti authorities have arrested 12 people convicted in absentia of spying for Iran and Lebanese Shi'ite Muslim group Hezbollah, the Interior Ministry said on Saturday.

sportsNews reuters.com

Iran asked to explain dropping players who faced Israeli team

ZURICH (Reuters) - Iran has been asked to provide further information to global soccer body FIFA over a decision to drop two players from the national team after they turned out against an Israeli side for their Greek club.

businessNews reuters.com

Anthem to exit Obamacare market in Virginia next year

(Reuters) - U.S. health insurer Anthem Inc said on Friday it will exit Obamacare markets in Virginia and reduce its plan offerings in Washington and Scott counties and the city of Bristol next year.

businessNews reuters.com

Lockheed Martin wins $8 billion U.S. special forces contract: Pentagon

WASHINGTON (Reuters) - Lockheed Martin Corp has been awarded an $8 billion contract for global logistics support services for U.S. special operations forces, the Pentagon said on Friday.

businessNews reuters.com

Uber investors seek to oust Benchmark after 'destructive' lawsuit: report

SAN FRANCISCO (Reuters) - A lawsuit filed by investor Benchmark Capital against ousted Uber Chief Executive Travis Kalanick has raised the ire of three investors who on Friday asked the venture firm to divest its shares and step down from the ride-services company's board, according to an email published by news website Axios.

businessNews reuters.com

Third Point takes 1.6 million share stake in BlackRock, 4.5 million in Alibaba

NEW YORK (Reuters) - Dan Loeb's Third Point took a 1.6 million-share stake in BlackRock Inc and reinitiated a stake in Alibaba Group Holding of 4.5 million shares during the second quarter ended June 30, according to regulatory filings late on Friday.

businessNews reuters.com

Facebook OKs local firm's launch of Moments-like app in China: New York Times

(Reuters) - Facebook Inc, whose social media platform is blocked in China, authorized a local company to launch a photo-sharing application in the country in May, the New York Times reported, citing a person with knowledge of the company's plans.

businessNews reuters.com

Bond investors seen giving Tesla a $1.8 billion endorsement

NEW YORK (Reuters) - Bond investors on Friday were poised to give a $1.8 billion boost to Tesla Inc's balance sheet by snapping up the electric car maker's first foray into the U.S. junk bond market, where yield-hungry investors have raced to lock in relatively higher returns.

worldNews reuters.com

U.S. military denies air strike killed Afghan civilians

KABUL (Reuters) - The U.S. military denied reports on Friday that an air strike in the eastern Afghan province of Nangarhar had killed as many as 16 civilians, saying the operation had killed only militant fighters.

businessNews reuters.com

Audits show lax oversight by Wisconsin agency counting Foxconn jobs

CHICAGO (Reuters) - The Wisconsin agency tasked with holding Foxconn accountable for delivering up to 13,000 jobs in exchange for $1.5 billion in state payroll tax credits has a history of failing to verify job-creation claims and rewarding companies that fall short of quotas, according to state audits.

businessNews reuters.com

GM blasts $1 billion deal between ignition switch plaintiffs, creditor trust

(Reuters) - Plaintiffs suing General Motors Co over faulty ignition switches and other alleged vehicle defects have reached a $1 billion settlement requiring the automaker to turn over that amount of stock, a lawyer for the plaintiffs said in a court hearing on Friday.

businessNews reuters.com

Monte dei Paschi reports 3.1 billion euro loss as state steps in

MILAN (Reuters) - Monte dei Paschi di Siena reported a 3.1 billion euro ($3.7 billion) second-quarter loss after additional writedowns on the bad loans Italy's fourth biggest bank is selling as part of its bailout by the state.

businessNews reuters.com

FTC says it closes investigation of Honeywell, Du Pont agreements

WASHINGTON (Reuters) - The U.S. Federal Trade Commission said on Friday it had closed its investigation of several agreements between Honeywell International Inc and E I du Pont de Nemours and Co related to the sale of a next-generation refrigerant in automotive air conditioning systems.

businessNews reuters.com

Cash-strapped SoundCloud receives new funding; CEO to step aside

FRANKFURT (Reuters) - SoundCloud has received a "substantial" new round of investment, the company said on Friday, insulating the popular online music streaming service from potentially running out of cash later this year, after laying off 40 percent of its staff in July.

businessNews reuters.com

JP Morgan Asset Management says will absorb research costs due to MiFID-II

LONDON (Reuters) - JP Morgan Asset Management said on Friday that it will absorb the cost of paying brokers for investment research rather than pass it on to its clients when new European regulation comes in next year.

businessNews reuters.com

Snap shares hit record low as user growth miss unnerves investors

(Reuters) - Snap Inc's shares fell more than 14 percent to hit a record low on Friday morning after messaging app Snapchat's daily active user growth missed expectations for the second quarter in a row.

businessNews reuters.com

Nvidia shares fall as investors fret over data center growth

(Reuters) - Nvidia Corp's high-flying stock fell 6 percent on Friday as second-quarter sales in its fast-growing data center and autonomous driving businesses failed to live up to Wall Street's lofty expectations.

businessNews reuters.com

Wall Street opens higher after weak inflation data

(Reuters) - U.S. stock indexes opened slightly higher on Friday after data showed tepid inflation that could lead the Federal Reserve to hold off from raising rates this year, even as investors remained cautious over heightened tensions between the United States and North Korea.

businessNews reuters.com

Modest rise in U.S. consumer prices may delay Fed rate hike

WASHINGTON (Reuters) - U.S. consumer prices increased slightly in July as rising food costs were offset by falling prices for a range of other goods, pointing to benign inflation that could make the Federal Reserve cautious about raising interest rates again this year.

worldNews reuters.com

Russia says 'a pity' U.S. casts doubt on Iran nuclear deal

MOSCOW (Reuters) - Russian Foreign Minister Sergei Lavrov said on Friday it is a pity that the administration of U.S. President Donald Trump was casting doubt on the 2015 deal to curtail Iran's nuclear weapons program.

Civilian Casualties nytimes.com

U.S. Airstrikes in Afghanistan Are Said to Kill 16 Civilians

Officials in Kabul blamed American warplanes targeting Islamic State militants for the deaths in eastern Afghanistan.

businessNews reuters.com

Amazon looks to new food technology for home delivery

SAN FRANCISCO (Reuters) - Amazon.com Inc is exploring a technology first developed for the U.S. military to produce tasty prepared meals that do not need refrigeration, as it looks for new ways to muscle into the $700 billion U.S. grocery business.

businessNews reuters.com

After a long drought, bear market funds attract buyers

NEW YORK (Reuters) - Bearish stock investors are slowly coming out of hibernation, as money has begun to move into funds that aim to profit when markets dive.

businessNews reuters.com

Saudi Arabia favors New York for Aramco listing despite risks: sources

DUBAI/RIYADH/LONDON (Reuters) - Saudi Arabia favors New York for the main foreign listing of state oil giant Aramco, even though some financial and legal advisers have recommended London as a less problematic and risky option, people familiar with the matter told Reuters.

companyNews reuters.com

Innogy CEO talks down European utility M&A prospects

FRANKFURT, Aug 11 (Reuters) - The chief executive of Innogy , Germany's largest energy group, on Friday dismissed talk of new, large-scale consolidation in the European utility sector, saying recent media reports about the matter were fuelled by fee-hungry banks.

worldNews reuters.com

India in talks with Myanmar, Bangladesh to deport 40,000 Rohingya

NEW DELHI (Reuters) - India is in talks with Bangladesh and Myanmar about its plan to deport around 40,000 Rohingya Muslims it says are living in the country illegally, a government spokesman said on Friday, with state governments told to form task forces for the purpose.

businessNews reuters.com

U.S. economic expansion to last another two years or more: Reuters poll

BENGALURU (Reuters) - The U.S. economic expansion will last at least another two years, according to a majority of economists polled by Reuters who also forecast growth will not accelerate the way the Trump administration has predicted.

businessNews reuters.com

U.S. conducting criminal probe focused on Malaysia 1MDB's stolen funds

KUALA LUMPUR (Reuters) - The U.S. Justice Department is conducting a criminal probe into 1Malaysia Development Berhad (1MDB) and has asked for a stay on its civil lawsuits in connection with $1.7 billion in assets allegedly bought with money stolen from the scandal-hit state fund.