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businessNews reuters.com

Marvell Technology to buy Cavium for $6 billion

(Reuters) - Chipmaker Marvell Technology Group Ltd said on Monday it would buy smaller rival Cavium Inc in a deal valued at about $6 billion, as it seeks to gain scale in a semiconductor industry that is rapidly consolidating.

technologyNews reuters.com

Toshiba gains breathing room with $5.4 billion share issue to overseas investors

TOKYO/HONG KONG (Reuters) - Toshiba Corp's planned $5.4 billion new share issue to overseas investors is set to provide it with most of the funds it needs to avoid a delisting - a quickly arranged deal that underscores both the weakness of its finances and the allure of its chips unit.

worldNews reuters.com

Twenty Chinese Uighurs use blankets to escape Thai cell

BANGKOK (Reuters) - Twenty ethnic Uighur Muslims from China broke out of a detention center near the Thai-Malaysia border, Thai officials said on Monday, after digging holes in the wall and using blankets as ladders.

companyNews reuters.com

REFILE-UPDATE 2-Alibaba goes offline with $2.9 bln stake in China's top grocer

* Says part of a wider effort to integrate data and physical stores

technologyNews reuters.com

Toshiba $5 billion stock issue results in huge dilution but delisting risk removed

TOKYO (Reuters) - Toshiba Corp's plan to raise some $5.4 billion through a sale of new shares will help it avoid a delisting, but will also see more 30 overseas investors, including activist funds, own 35 percent of the embattled conglomerate.

businessNews reuters.com

Alibaba goes offline with $2.9 billion stake in China's top grocer

BEIJING (Reuters) - Internet giant Alibaba Group Holding Ltd said on Monday it would invest HK$22.4 billion ($2.87 billion) for a major stake in China's top hypermart operator, Sun Art Retail Group Ltd , part of a wider push into offline retail.

companyNews reuters.com

UPDATE 2-Alibaba goes offline with $2.9 bln stake in China's top grocer

* Says part of a wider effort to integrate data and physical stores (Adds analyst quote, share price, context)

businessNews reuters.com

Alibaba to buy 36.2 percent Sun Art for $2.9 billion

HONG KONG (Reuters) - Internet giant Alibaba Group Holding Ltd said on Monday it would buy an aggregate direct and indirect stake of 36.16 percent in China's top hypermarket operator, Sun Art Retail Group Ltd , for a total HK$22.4 billion ($2.9 billion).

companyNews reuters.com

UPDATE 1-Alibaba to buy 36.2 pct Sun Art for $2.9 bln

HONG KONG, Nov 20 (Reuters) - Internet giant Alibaba Group Holding Ltd said on Monday it would buy an aggregate direct and indirect stake of 36.16 percent in China's top hypermarket operator, Sun Art Retail Group Ltd, for a total HK$22.4 billion ($2.9 billion).

technologyNews reuters.com

Marvell Technology clinches roughly $6 billion deal to buy Cavium: sources

(Reuters) - Chipmaker Marvell Technology Group Ltd has agreed to acquire smaller peer Cavium Inc for around $6 billion, as it seeks to expand in the networking equipment sector, people familiar with the matter said on Sunday.

technologyNews reuters.com

Toshiba shares drop after plan to issue $5.4 billion in new shares

TOKYO (Reuters) - Shares of Toshiba Corp fell nearly 5 percent early on Monday, a day after the troubled conglomerate said it would raise 600 billion yen ($5.4 billion) from a sale of new shares in a key step that would allow it to stay publicly traded.

companyNews reuters.com

Alibaba to buy 36.2 pct Sun Art for $2.9 bln

HONG KONG, Nov 20 (Reuters) - Internet giant Alibaba Group Holding Ltd said it would buy an aggregate direct and indirect stake of 36.16 percent stake in China's top hypermarket operator, Sun Art Retail Group Ltd, for a total HK$22.4 billion ($2.9 billion).

companyNews reuters.com

BRIEF-Alibaba Group, Auchan Retail and Ruentex form new retail strategic alliance​

* ‍ALIBABA GROUP, AUCHAN RETAIL AND RUENTEX FORM NEW RETAIL STRATEGIC ALLIANCE​

technologyNews reuters.com

IBM could be set for gains after long slump: Barron's

NEW YORK (Reuters) - International Business Machines Corp could be the next blue-chip company with a rising valuation, according to a report in financial publication Barron's.

technologyNews reuters.com

Driverless cars set for UK budget boost: finance ministry

LONDON (Reuters) - British finance minister Philip Hammond's budget statement this week will include measures to encourage the development of driverless and electric cars, artificial intelligence and telecommunications, the finance ministry said on Sunday.

cnn.com

Black Friday: Your ultimate holiday shopping guide

businessNews reuters.com

Volkswagen to invest $27 billion in core brand until 2022

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

environmentNews reuters.com

White House seeks $44 billion hurricane aid, far short of requests

WASHINGTON (Reuters) - The White House on Friday said it had asked Congress for $44 billion in supplemental disaster assistance to help those hurt by recent hurricanes that hit Puerto Rico, Texas, Florida and the U.S. Virgin Islands, far short of the aid some officials have called for.

technologyNews reuters.com

Brazil speaker wants city rules for Uber, other car-hailing apps

BRASILIA (Reuters) - The head of Brazil's lower house of Congress said on Friday he hopes that the chamber will undo amendments by the Senate to a bill regulating ride-hailing apps such as Uber Technologies Inc [UBER.UL].

United States Politics and Government nytimes.com

White House Requests $44 Billion in Additional Disaster Relief

The Trump administration said lawmakers should make spending cuts to offset the disaster spending, a request that a top Democrat immediately denounced.

environmentNews reuters.com

White House seeks $44 billion in hurricane aid from U.S. Congress

WASHINGTON (Reuters) - The White House on Friday said it had asked Congress for $44 billion in supplemental disaster assistance to help those affected by the recent hurricanes that hit Puerto Rico, Texas, Florida and the U.S. Virgin Islands.

businessNews reuters.com

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

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

environmentNews reuters.com

White House seeks another $44 billion in hurricane aid

WASHINGTON (Reuters) - The White House said on Friday it had it asked Congress for $44 billion in supplemental disaster assistance to help those affected by recent hurricanes that hit Puerto Rico, Texas, Florida and the Virgin Islands.

technologyNews reuters.com

Tesla's unfettered ambition to drain finances: analysts

(Reuters) - Tesla Inc will face further questions about how fast it is burning through its cash pile and how soon it will have to ask creditors and shareholders for more after it unveiled its latest electric vehicles.

technologyNews reuters.com

Google buys plot near Apple's planned Danish data center

COPENHAGEN (Reuters) - Alphabet Inc's Google said it has bought a plot of land in southern Denmark adjacent to a planned Apple Inc data center to make sure it has the option of building one there too.

technologyNews reuters.com

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

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

businessNews reuters.com

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

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

entertainmentNews reuters.com

Vivendi's music unit UMG worth more than $40 billion, CEO says

BARCELONA/LONDON (Reuters) - Vivendi's Universal Music Group (UMG) could be worth more than $40 billion, Chief Executive Arnaud de Puyfontaine said on Friday, helping buoy shares in the French media group following third-quarter results where UMG was a highlight.

businessNews reuters.com

Broadcom closes $5.5 billion Brocade deal

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

companyNews reuters.com

UPDATE 1-Broadcom closes $5.5 billion Brocade deal

Nov 17 (Reuters) - Broadcom Ltd said on Friday it closed its acquisition of network gear maker Brocade Communications Systems Inc, giving it a larger share of the data center products market.

cnn.com

Poor record-keeping hinders Zinke investigation, watchdog says

The Interior Department's internal watchdog has chastised agency officials for poor record-keeping as she investigates Secretary Ryan Zinke's travel expenses.

entertainmentNews reuters.com

Spotify buys online recording studio Soundtrap

STOCKHOLM (Reuters) - Music streaming company Spotify has bought online music and audio recording studio Soundtrap, it said on Friday, declining to give financial details of the deal.

businessNews reuters.com

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

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

technologyNews reuters.com

Toyota and Suzuki in tie-up to sell electric vehicles in India

TOKYO (Reuters) - Toyota Motor Corp and Suzuki Motor Corp have agreed to cooperate in selling electric vehicles in India from around 2020, they said on Friday, aiming to give each other a leg up in emerging markets and low-emission technology.

entertainmentNews reuters.com

Vivendi's music unit UMG has a value of more than $40 billion, CEO says

BARCELONA (Reuters) - Vivendi deems that its music unit has a value of more than $40 billion, driven by the success of music streaming platforms such as Spotify, chief executive Arnaud de Puyfontaine said on Friday.

technologyNews reuters.com

Metal recyclers prepare for electric car revolution

LONDON (Reuters) - Recycling companies are honing processes to extract metals from old batteries more cheaply and efficiently so they can capitalize on an expected shortfall in materials such as cobalt and lithium when sales of electric cars take off.

technologyNews reuters.com

SAP sees margins flattening out in fourth quarter: CFO

BARCELONA (Reuters) - Business software company SAP sees the potential for profit margins to hit bottom during the fourth quarter after three years of declines, with improving profits to begin to show up in 2018, Chief Financial Officer Luka Mucic said on Friday.

businessNews reuters.com

Volkswagen board discusses 70 billion euro spending plan: source

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

domesticNews reuters.com

White House plans to seek another $45 billion in U.S. hurricane aid

WASHINGTON (Reuters) - The White House plans to ask the U.S. Congress on Friday for about $45 billion in additional aid for disaster relief to cover damage from hurricanes that struck Puerto Rico, Texas and Florida and other disaster damage, a congressional aide said on late Thursday.

technologyNews reuters.com

Chip gear maker Applied Materials posts strong results, forecast

(Reuters) - Applied Materials Inc reported better-than-expected quarterly results and gave a strong current-quarter forecast as the world's largest supplier of tools to make semiconductors enjoys strong demand in its chip and display businesses.

domesticNews reuters.com

Chicago schools sell $1 billion bonds with lower market penalty

CHICAGO (Reuters) - The junk-rated Chicago Board of Education completed an up-sized bond sale on Thursday with a pricing that indicated an easing in the municipal market penalty the district has been forced to pay due to its deep financial problems.

PersonalFinance reuters.com

U.S.-based junk bond funds post fourth-largest week of outflows on record

NEW YORK (Reuters) - U.S. fund investors walloped high-yield funds with their largest week of withdrawals since March, Lipper data showed on Thursday.

technologyNews reuters.com

Chip gear maker Applied Materials up after strong results, forecast

(Reuters) - Applied Materials Inc reported better-than-expected quarterly results and gave a strong current-quarter forecast as the world's largest supplier of tools to make semiconductors enjoys strong demand in its chip and display businesses.

technologyNews reuters.com

U.S. regulator votes to loosen media ownership rules

WASHINGTON (Reuters) - The U.S. Federal Communications Commission on Thursday voted to remove key roadblocks to increased consolidation among media companies, potentially unleashing new deals among TV, radio and newspaper owners as they seek to better compete with online media.

technologyNews reuters.com

Traditional banks should help govern fintech: Fed's Brainard

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

politicsNews reuters.com

Senate sends $700 billion defense bill to Trump, funding uncertain

WASHINGTON (Reuters) - The U.S. Senate passed a $700 billion defense policy bill on Thursday, backing President Donald Trump's call for a bigger, stronger military, but leaving unsettled how to fund the massive spending increase amid a Republican-led push to cut taxes.

technologyNews reuters.com

Qualcomm could win EU approval for NXP by end of year: Bloomberg

(Reuters) - U.S. smartphone chipmaker Qualcomm Inc may win European Union approval for its bid to acquire NXP Semiconductors NV by the end of the year, Bloomberg reported on Thursday, citing people familiar with the matter.

Pigeons nytimes.com

Trilobites: A Population of Billions May Have Contributed to This Bird’s Extinction

A new study suggests passenger pigeons were hyper-adapted to living in a large, stable population, leaving them unable to cope when humans hunted them en masse.

technologyNews reuters.com

FCC votes to loosen media ownership rules

WASHINGTON (Reuters) - The U.S. Federal Communications Commission on Thursday voted to undo key roadblocks to increased consolidation among media companies, potentially unleashing new deals among TV, radio and newspaper owners as they seek to better compete with online media.

technologyNews reuters.com

ECB's Nowotny says central banks considering cryptocurrency regulation

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

healthNews reuters.com

Billionaire founder of Insys pleads not guilty to opioid bribe scheme

BOSTON (Reuters) - The billionaire founder of drugmaker Insys Therapeutics Inc pleaded not guilty to charges that he participated in a scheme to bribe doctors to prescribe a fentanyl-based spray intended for cancer patients.

companyNews reuters.com

METALS-Copper falls, nickel at three-week low on slowing Chinese growth

LONDON, Nov 16 (Reuters) - Copper and most other base metal prices fell on Thursday on persistent worries over Chinese demand, but losses in aluminium were tempered by expectations that a crackdown on polluting industry in China will cut supply.

technologyNews reuters.com

Airbnb acquires Accomable to offer home rentals for disabled travelers

SAN FRANCISCO (Reuters) - Airbnb said on Thursday it acquired London startup Accomable to expand home-renting opportunities for people with disabilities, the latest expansion as Airbnb grows its global travel business.

Books and Literature nytimes.com

Profile: A Chinese Novelist Is Found in Translation

For Xue Yiwei, Canada was a safe haven in which to write, but now he’s finding an audience abroad that appreciates his subversive novel.

technologyNews reuters.com

Swiss bank to launch bitcoin futures to allow betting against cryptocurrency

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

technologyNews reuters.com

Daimler launches Tel Aviv hub for auto technologies

TEL AVIV (Reuters) - Daimler opened on Thursday a Mercedes-Benz research and development center in Tel Aviv, one of a growing number of multinational firms seeking to tap into Israel's auto technology expertise as the industry moves towards self-driving cars.

technologyNews reuters.com

China cyber watchdog rejects censorship critics, says internet must be 'orderly'

BEIJING (Reuters) - China's top cyber authority on Thursday rejected a recent report ranking it last out of 65 countries for press freedom, saying the internet must be "orderly" and the international community should join it in addressing fake news and other cyber issues.

technologyNews reuters.com

Amex launches blockchain-based business payments using Ripple

LONDON (Reuters) - American Express has introduced instant blockchain-based payments using Ripple, a fintech start-up, for U.S. corporate customers sending funds to UK-based businesses that bank with Santander UK , the companies said on Thursday.

businessNews reuters.com

Emerson sweetens bid for Rockwell Automation to $29 billion

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

healthNews reuters.com

Billionaire founder of Insys to plead not guilty to opioid bribe scheme

BOSTON (Reuters) - The billionaire founder of Insys Therapeutics Inc was expected to appear in federal court in Boston on Thursday to plead not guilty to charges that he participated in a scheme to bribe doctors to prescribe a fentanyl-based cancer pain drug.

cnn.com

VW's $12 billion plan for electric cars in China

companyNews reuters.com

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

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

Green Climate Fund nytimes.com

U.N. Climate Fund Promised Billions to Poor Nations. For Some, the Wait Is Long.

The Green Climate Fund was meant to help developing countries tackle climate change, but many of the most vulnerable nations have not seen any grants.

technologyNews reuters.com

ASML expects to announce new share buyback plan in January: CFO

BARCELONA (Reuters) - Dutch semiconductor equipment supplier ASML is currently buying back its own shares and expects to announce a new buyback program in January, its finance chief said on Thursday

worldNews reuters.com

China denounces U.S. call to register Chinese journalists as agents

BEIJING (Reuters) - China denounced on Thursday a U.S. congressional commission that accused its state media of involvement in spying and propaganda and called for their staff in the United States to be registered as foreign agents.

companyNews reuters.com

RPT-AIRSHOW-Record Airbus order as Franke ups bet on budget airlines

* A320neo-family planes for Frontier, Volaris, JetSMART, Wizz Air

companyNews reuters.com

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

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

companyNews reuters.com

BRIEF-Enjoyor signs framework agreement with Alibaba Cloud

Nov 16 (Reuters) - Enjoyor Co Ltd * Says it signs framework agreement with Alibaba Cloud Source text in Chinese: http://bit.ly/2ALLXFg Further company coverage: (Reporting by Hong Kong newsroom)

cnn.com

US panel accuses Chinese journalists of spying

companyNews reuters.com

Austrian bank BAWAG reports record Q3 pretax profit

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

domesticNews reuters.com

Record number of Americans forecast to travel over Thanksgiving weekend: AAA

(Reuters) - Travelers will hit the roads, rails and skies this Thanksgiving holiday in their largest numbers in more than a decade, lured by cheap plane tickets and a growing economy, the nation's largest motor advocacy group said.

cnn.com

Chinese envoy heads to North Korea for rare talks

A senior Chinese diplomat will travel to North Korea on Friday as a "special envoy" of Chinese president Xi Jinping amid growing pressure on Pyongyang to curtail its nuclear and missile program.

companyNews reuters.com

UPDATE 2-Da Vinci portrait of Christ sells for record $450.3 mln in New York

NEW YORK, Nov 15 (Reuters) - Leonardo da Vinci's portrait of Christ, "Salvator Mundi", sold for a record-smashing $450.3 million on Wednesday at Christie's, more than double the old price for any work of art at auction.

businessNews reuters.com

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

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

technologyNews reuters.com

China's Yixin Group rises 32 percent in Hong Kong debut

HONG KONG (Reuters) - Shares in Yixin Group Ltd , China's largest online car retailer, gained as much as 32 percent on their trading debut in Hong Kong on Thursday, benefiting from rising enthusiasm for technology stocks in the Asian financial hub.

companyNews reuters.com

UPDATE 1-Da Vinci portrait of Christ sells for record $450.3 mln in New York

NEW YORK, Nov 15 (Reuters) - Leonardo da Vinci's portrait of Christ "Salvator Mundi" sold for a record-smashing $450.3 million on Wednesday at Christie's in New York -- more than double the old mark for any work of art at auction.

cnn.com

Once bought for $59, Da Vinci painting fetches record $450M

Leonardo da Vinci's "Salvator Mundi" has become the most expensive painting to ever sell at auction, going for $450.3 million at Christie's in New York.

artsNews reuters.com

Da Vinci portrait of Christ sells for record $450.3 million in New York

NEW YORK (Reuters) - Leonardo da Vinci's portrait of Christ "Salvator Mundi" sold for a record-smashing $450.3 million on Wednesday at Christie's in New York -- more than double the old mark for any work of art at auction.

Income Tax nytimes.com

Op-Ed Columnist: Billionaires Desperately Need Our Help!

Republicans want to be sure benefits go to the truly deserving tycoons.

technologyNews reuters.com

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

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

technologyNews reuters.com

Vodafone bets on customer data to avoid India-style price war in Italy

BARCELONA/LONDON (Reuters) - Vodafone plans to use its expertise in customer data to help to fend off competition in Italy from French newcomer Iliad and avoid an India-style price war, its chief executive said on Wednesday.

technologyNews reuters.com

No refund for Tezos contributors, cryptocurrency broker says

ZURICH/LONDON (Reuters) - Backers of the embattled Tezos tech project should not expect to receive refunds, according to the Swiss cryptocurrency broker that helped it raise $232 million in July.

businessNews reuters.com

Record Airbus order as Franke ups bet on budget airlines

DUBAI (Reuters) - Airbus hailed its biggest ever airliner deal on Wednesday with an umbrella agreement to sell 430 planes worth up to $50 billion to U.S. budget airlines investor Bill Franke.

technologyNews reuters.com

Tencent's focus on digital content after stellar third quarter

HONG KONG (Reuters) - Chinese internet giant Tencent Holdings Ltd said it will invest more in its digital content businesses spanning publishing to film-making after its third quarter net profit surpassed expectations on Wednesday.

technologyNews reuters.com

Viacom, Charter to renew distribution agreement

(Reuters) - Viacom Inc and Charter Communications Inc said on Wednesday they had agreed to a multi-year renewal of their distribution agreement.

technologyNews reuters.com

Sprint to offer free Hulu service in bid to compete with rivals

NEW YORK (Reuters) - Sprint Corp will offer its unlimited data plan customers free subscriptions to the streaming service Hulu LLC, the companies said on Wednesday, marking the latest move by a U.S. wireless carrier to bundle content with mobile service.

businessNews reuters.com

Exclusive: Glencore offers Chad new plan to repay more than $1 billion loan

LONDON (Reuters) - Commodities trader Glencore has offered Chad a grace period from principle repayments on a more than $1 billion cash-for-crude loan and extended the deadline for full repayment to 2025 from 2022, a letter seen by Reuters showed.

environmentNews reuters.com

Green bond deals hit record $100 billion in year to date: data

BONN, Germany (Reuters) - Global green bond deals will top the $100 billion mark on Thursday and hit a new record, putting them on track to reach $130 billion by the end of the year, data from the Climate Bonds Initiative (CBI) showed.

businessNews reuters.com

Exclusive: Carlyle seeks to raise $1 billion for new energy fund - sources

LONDON (Reuters) - Carlyle Group , the world's largest private equity firm, is raising $1 billion for a new fund to invest in oil and gas outside the United States as a stronger outlook for oil prices rekindles investor appetite, banking sources told Reuters.

lifestyleMolt reuters.com

Necklace with largest flawless white diamond sold for record $34 million at auction

GENEVA (Reuters) - An emerald and diamond necklace set with the largest flawless white diamond ever to come to auction has sold for a world record 33.5 million Swiss francs ($34 million), the star...

companyNews reuters.com

Necklace with largest flawless white diamond sold for record $34 mln at auction

GENEVA, Nov 15 (Reuters) - An emerald and diamond necklace set with the largest flawless white diamond ever to come to auction has sold for a world record 33.5 million Swiss francs ($34 million), the star lot at a Geneva sale, Christie's said.

technologyNews reuters.com

Red or dead: China shoot-em-up video game plays up socialist values

SHANGHAI (Reuters) - A popular Chinese video game, which involves battling other players with a variety of weapons, is showing off its red credentials after recent criticism by regulators of violent games in the world's biggest gaming market.

businessNews reuters.com

Airbus in record 430 plane deal with budget airline backer Franke

DUBAI (Reuters) - Airbus landed a deal for a record 430 of its A320neo-family jets on Wednesday as U.S. investor Bill Franke raised his bet on budget airlines.

companyNews reuters.com

AIRSHOW-Airbus in record 430 plane deal with budget airline backer Franke

* Boeing in $27 bln deal with flydubai (Adds details, flydubai also seeking jets)

technologyNews reuters.com

Exclusive: Apple to help India develop anti-spam app after face-off with regulator

NEW DELHI (Reuters) - Apple Inc has agreed to give limited help to the Indian government to develop an anti-spam mobile application for its iOS platform, after refusing to do so based on privacy concerns, according to sources and documents seen by Reuters.

companyNews reuters.com

UPDATE 2-Shanghai Pharma buys U.S. Cardinal Health's China business for $557 mln

* Cardinal Health put business up for sale due to rule changes

technologyNews reuters.com

Russian Twitter accounts promoted Brexit ahead of EU referendum: Times newspaper

LONDON (Reuters) - Russian Twitter accounts posted almost 45,000 messages about Brexit in the 48 hours around last year's referendum in an attempt to sow discord during the vote on whether to leave the European Union, the Times newspaper reported on Wednesday.

businessNews reuters.com

U.S. investor nears record 400-jet Airbus order: sources

DUBAI (Reuters) - Airline pioneer Bill Franke looked set to place a historic $40 billion order for around 400 Airbus A320 jets, shaking up the low-cost industry and turning the annual race between Airbus and Boeing for plane orders on its head.

companyNews reuters.com

AIRSHOW-U.S. investor nears record 400-jet Airbus order - sources

DUBAI, Nov 15 (Reuters) - Airline pioneer Bill Franke looked set to place a historic $40 billion order for around 400 Airbus A320 jets, shaking up the low-cost industry and turning the annual race between Airbus and Boeing for plane orders on its head.

technologyNews reuters.com

China ticketing platform Maoyan raises $150 million from Tencent

BEIJING (Reuters) - Maoyan, one of China's biggest online ticketing platforms, on Wednesday said it has secured 1 billion yuan ($150.82 million) in funding from internet giant Tencent Holdings Ltd, valuing the company at 20 billion yuan.

technologyNews reuters.com

Technology invading nearly all U.S. jobs, even lower skilled: study

(Reuters) - Forget robots. The real transformation taking place in nearly every workplace is the invasion of digital tools.

politicsNews reuters.com

U.S. Congress urged to require Chinese journalists to register as agents

WASHINGTON (Reuters) - A report to the U.S. Congress released on Wednesday accused Chinese state media entities of involvement in spying and propaganda and said their staff in the United States should be required to register as foreign agents.

businessNews reuters.com

Qualcomm invests in Chinese AI facial recognition startup SenseTime

BEIJING (Reuters) - Chinese artificial intelligence (AI) startup SenseTime Group said on Wednesday it has sealed an investment from chipmaker Qualcomm Inc as part of a funding round that will close later this year.

topNews reuters.com

Senior Chinese diplomat to visit North Korea as envoy of Xi

BEIJING (Reuters) - A senior Chinese diplomat will visit North Korea from Friday as a special envoy of Chinese President Xi Jinping, Beijing said, although it did not say he was planning to discuss North Korea's nuclear and ballistic programs.

companyNews reuters.com

UPDATE 1-Shanghai Pharma buys U.S. Cardinal Health's China business for $557 mln

* Cardinal Health put business up for sale due to rule changes

topNews reuters.com

Special envoy for Chinese President Xi to visit North Korea: Xinhua

BEIJING (Reuters) - Chinese President Xi Jinping's special envoy will visit North Korea from Nov. 17, China's official Xinhua news agency said on Wednesday.

healthNews reuters.com

Shanghai Pharma buys U.S. Cardinal Health's China business for $557 million

(Reuters) - State-owned Shanghai Pharmaceuticals Holding Co has agreed to acquire Cardinal Health Inc's China business, one of the nation's largest drug distributors, for $557 million.

companyNews reuters.com

Shanghai Pharma buys U.S. Cardinal Health's China business for $557 mln

Nov 15 (Reuters) - State-owned Shanghai Pharmaceuticals Holding Co has agreed to acquire Cardinal Health Inc's China business, one of the nation's largest drug distributors, for $557 million.

companyNews reuters.com

BRIEF-Cardinal Health to sell its china business to Shanghai Pharma for $1.2 bln‍​

* Cardinal health signs definitive agreement to sell its china business to Shanghai Pharma

companyNews reuters.com

BRIEF-Shanghai Pharmaceuticals' unit‍ signs deal to acquire Cardinal in Malaysia

* Says its unit‍ Century Global signs deal to acquire Cardinal Malaysia for about $557 million

politicsNews reuters.com

House backs $700 billion defense policy bill, funding uncertain

WASHINGTON (Reuters) - The U.S. House of Representatives passed a $700 billion defense policy bill on Tuesday, backing President Donald Trump's call for a bigger, stronger military, but failing to decide how to fund the massive spending increase.

technologyNews reuters.com

Britain targets tech talent by doubling visa numbers

LONDON (Reuters) - Britain is to double the number of visas available to exceptional workers in areas like digital technology and science to 2,000 to help retain an edge after Brexit.

companyNews reuters.com

BRIEF-Yirendai Q3 revenue rose 73 pct to RMB 1.514 billion

* Yirendai Ltd - sees full year 2017 ‍total net revenue will be in range of RMB 5,200 million to RMB 5,300 million​

technologyNews reuters.com

About 15 percent of U.S. agencies found Kaspersky Lab software: official

WASHINGTON (Reuters) - About 15 percent of U.S. government agencies have detected some trace of Russian company Kaspersky Lab's software on their systems in a review prompted by concerns the antivirus firm is vulnerable to Kremlin influence, a security official told Congress on Tuesday.

technologyNews reuters.com

U.S. government shares technical details on North Korean hacking campaign

WASHINGTON (Reuters) - The U.S. government on Tuesday issued a technical alert about cyber attacks it said are sponsored by the North Korean government that have targeted the aerospace, telecommunications and financial industries since 2016.

companyNews reuters.com

REFILE-IBM urges lawmakers to 'narrow' bill targeting Chinese investment

WASHINGTON, Nov 14 (Reuters) - International Business Machines Corp has urged lawmakers to use a different strategy than toughening foreign investment rules because of U.S. concerns about Chinese military actions and intellectual property theft, according to a letter seen by Reuters on Tuesday.

companyNews reuters.com

IBM urges lawmakers to 'narrow' bill targeting Chinese investment

WASHINGTON, Nov 14 (Reuters) - International Business Machines Corp has urged lawmakers to use a different strategy than toughening foreign investment rules because of U.S. concerns about Chinese military actions and intellectual property theft, according to a letter seen by Reuters on Tuesday.

technologyNews reuters.com

Peugeot partners with Huawei in connected-car software

PARIS (Reuters) - PSA Group will develop a secure connected vehicle system in a new partnership with Chinese telecoms company Huawei Technologies [HWT.UL], the French carmaker announced on Tuesday.

companyNews reuters.com

Bradesco expects Brazilian companies to raise up to $4.5 billion by year-end

NEW YORK, Nov 14 (Reuters) - Brazil's Banco Bradesco SA expects Brazilian companies to raise up to 15 billion reais ($4.54 billion) in new share offerings by year-end, executive director Renato Ejnisman said on Tuesday.

technologyNews reuters.com

About 15 percent of U.S. agencies detected Kaspersky software on networks: official

WASHINGTON (Reuters) - About 15 percent of U.S. federal agencies have reported some trace of Moscow-based Kaspersky Lab software on their systems, a Department of Homeland Security (DHS) official told Congress on Tuesday.

businessNews reuters.com

Goldman can hit $13 billion in new consumer loans in three years: CFO

(Reuters) - Goldman Sachs Group Inc can hit $13 billion in new consumer loans in the next three years through its Marcus online lending business, Chief Financial Officer Marty Chavez said on Tuesday.

technologyNews reuters.com

Vietnamese researcher shows iPhone X face ID 'hack'

HANOI (Reuters) - A researcher in Vietnam has demonstrated how he apparently fooled Apple Inc's face recognition ID software on its new iPhone X using a mask made with a 3D printer, silicone and paper tape.

sportsNews reuters.com

Hong Kong soccer fans defy Beijing by booing Chinese national anthem

HONG KONG (Reuters) - Hundreds of Hong Kong soccer fans booed and jeered the Chinese national anthem at an Asia Cup qualifier match on Tuesday in defiance of Communist Party rulers in Beijing, while others turned their backs.

healthNews reuters.com

Loxo, Bayer to co-develop cancer drugs in up to $1.55 billion deal

(Reuters) - Loxo Oncology Inc will collaborate with Germany's Bayer AG to develop and commercialize two of its cancer therapies, the companies said on Tuesday, in deal that could bring the U.S. drug developer up to $1.55 billion.

worldNews reuters.com

Japan's Abe offers $1 billion in rural aid to Myanmar's Suu Kyi

TOKYO (Reuters) - Japan's Prime Minister Shinzo Abe on Tuesday pledge up to 117 billion yen ($1.03 billion) of development aid to Myanmar in a meeting in Manila with government leader Aung San Suu Kyi.

technologyNews reuters.com

Austrian can't file Facebook class action suit: EU Court adviser

BRUSSELS (Reuters) - An Austrian law student cannot bring a class action suit against Facebook's Irish unit over alleged privacy violations in an Austrian court, an EU court adviser said on Tuesday, but can sue the company in his home country on his own behalf.

technologyNews reuters.com

Airbnb puts automatic rental cap on central Paris offers

PARIS (Reuters) - Short-term rental website Airbnb, which has been challenging traditional hotel operators such as Accor and Marriott, said it would automatically cap the number of days its hosts can rent their property each year in central Paris.

technologyNews reuters.com

Austrian can't file class action suit against Facebook: EU Court adviser

BRUSSELS (Reuters) - An Austrian law student cannot bring a class action suit against Facebook's Irish unit over alleged privacy violations in an Austrian court, an EU court adviser said on Tuesday, but can sue the company in his home country on his own behalf.

technologyNews reuters.com

Amazon sells off China cloud assets as tough new rules bite

BEIJING (Reuters) - Amazon.com Inc is selling off the hardware from its public cloud business in China, amid tightening regulation over online data that is creating a hurdle for technology firms operating in the world's second-largest economy.

companyNews reuters.com

METALS-Shanghai nickel retreats on lacklustre China data

SYDNEY, Nov 14 (Reuters) - Chinese nickel futures on Tuesday pulled back, after leading most metals higher earlier in the session, following data from China which pointed to moderating growth over the next few quarters.

companyNews reuters.com

BRIEF-Cisco says $1 billion program for smart cities​

* ‍FUNDING TO BE PROVIDED THROUGH CISCO CAPITAL IN PARTNERSHIP WITH DIGITAL ALPHA ADVISORS, APG ASSET MANAGEMENT AND WHITEHELM CAPITAL​ Source text for Eikon: Further company coverage:

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Dutch central bank sets up 'friendly' hacking team to attack own banks: report

AMSTERDAM (Reuters) - The Netherlands' central bank (DNB) is setting up a team of cyber security experts and hackers to attack the country's own financial infrastructure in order to test and improve its defenses, Het Financieele Dagblad reported on Tuesday.

technologyNews reuters.com

Uber's South Asia policy chief quits in latest senior departure

NEW DELHI (Reuters) - Uber's [UBER.UL] chief of policy for India and South Asia has quit, two sources familiar with the matter said on Monday, in the latest high-level departure at the online taxi company.

technologyNews reuters.com

Amazon to sell China cloud services unit in $300 million deal

BEIJING (Reuters) - Amazon.com Inc's Chinese partner, Beijing Sinnet Technology Co., said it would purchase Amazon's Chinese web services business for up to 2 billion yuan ($301 million), ending the U.S. firm's cloud-computing business in the country.

companyNews reuters.com

BRIEF-Citrix Systems authorizes aggregate $2 billion share repurchase

* Board authorized co to repurchase upto additional $1.7 billion of Citrix common stock, for total repurchase authorization over $2 billion.​

companyNews reuters.com

METALS-Shanghai nickel leads gainers on bet price still rising

SYDNEY, Nov 14 (Reuters) - Chinese nickel futures led gainers in early trading on Tuesday, building on hefty overnight gains in the London market as consumers built positions as a hedge against further price rises.

healthNews reuters.com

Cost of diabetes epidemic reaches $850 billion a year

(Reuters) - The number of people living with diabetes has tripled since 2000, pushing the global cost of the disease to $850 billion a year, medical experts said on Tuesday.

businessNews reuters.com

Roku hits record high on Philips licensing deal

(Reuters) - Roku Inc's shares surged nearly 43 percent to a record high on Monday after the streaming device maker said it signed a licensing deal that would put its technology on Philips-branded televisions in the United States this year.

businessNews reuters.com

Roku hits record high on licensing deal for Philips-branded TVs

(Reuters) - Roku Inc's shares surged nearly 43 percent to a record high on Monday after the streaming device maker said it signed a licensing deal that would put its technology on Philips-branded televisions in the United States this year.

businessNews reuters.com

Roku hits record high on licensing deal for Phillips-branded TVs

(Reuters) - Roku Inc's shares surged nearly 43 percent to a record high on Monday after the streaming device maker said it signed a licensing deal that would put its technology on Philips-branded televisions in the United States this year.

businessNews reuters.com

Bombardier in talks with EgyptAir for $1.1 billion CSeries deal: Bloomberg

(Reuters) - Canadian plane-and-train-maker Bombardier Inc  is in advanced talks with EgyptAir over a potential $1.1 billion order for CSeries jets, Bloomberg reported, citing people familiar with the matter.

cnn.com

Record-breaking BASE jumper dies

Russian BASE jumper Valery Rozov, 52, died on November 11 during a 22,349-foot jump in the Himalayas.

domesticNews reuters.com

U.S. charges Chinese woman in college exam fraud

BOSTON (Reuters) - A Chinese college student was arrested on Monday in the latest case to stem from U.S. investigations into international students who authorities say hire imposters to take exams on their behalf to gain admission to American universities.

topNews reuters.com

Puerto Rico requests $94.4 billion from U.S. Congress for rebuilding

NEW YORK (Reuters) - Puerto Rico Governor Ricardo Rossello on Monday requested $94.4 billion from Congress to rebuild the island's infrastructure, housing, schools and hospitals devastated by Hurricane Maria.

technologyNews reuters.com

Travelers says it's in 'right spot' for cyber insurance exposure

(Reuters) - Travelers Cos Inc is not looking to expand its cyber insurance business and must be "respectful and prudent" about the risks involved, the head of its specialty insurance practice said on Monday.

companyNews reuters.com

BRIEF-Enbridge Inc files for mixed shelf of up to $4.9 billion

* Enbridge Inc files for mixed shelf of up to $4.9 billion – SEC filing‍​ Source text - (http://bit.ly/2yxtafV) Further company coverage:

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BlackRock's Fink says bitcoin thrives on its anonymity

NEW YORK (Reuters) - Bitcoin, whose value has fluctuated significantly this month, remains a "speculative" investment that thrives because of its anonymous nature, BlackRock Inc Chief Executive Larry Fink said on Monday.

technologyNews reuters.com

Uber's South Asia policy chief quits in latest senior departure: sources

NEW DELHI (Reuters) - Uber's [UBER.UL] chief of policy for India and South Asia has quit, two sources familiar with the matter said on Monday, in the latest high-level departure at the online taxi company.

companyNews reuters.com

UPDATE 3-Qualcomm rejects Broadcom's $103-billion takeover bid

Nov 13 (Reuters) - Mobile chipmaker Qualcomm Inc on Monday rejected rival Broadcom Ltd's $103-billion takeover bid, saying the offer undervalued the company and would face regulatory hurdles.

companyNews reuters.com

CORRECTED-UPDATE 2-Qualcomm rejects Broadcom's $103-billion takeover bid

Nov 13 (Reuters) - Mobile chipmaker Qualcomm Inc on Monday rejected rival Broadcom Ltd's $103-billion takeover bid, saying the offer undervalued the company and would face regulatory hurdles.

technologyNews reuters.com

Insurer Travelers says it's in "right spot" for cyber insurance exposure

(Reuters) - Travelers Companies Inc is "just in the right spot" for managing its exposure to the cyber insurance market, the head of its specialty insurance practice said on Monday.

companyNews reuters.com

UPDATE 2-Qualcomm rejects Broadcom's $103-billion takeover bid

* (Adds analysts' comments, Broadcom statement, updates shares)

Medicaid nytimes.com

What Red States Are Passing Up as Blue States Get Billions

Taxpayers in many red states have effectively been sending money to other states for Medicaid expansion, which can be used to pay for things like opioid treatment.

businessNews reuters.com

Qualcomm rejects Broadcom's $103-billion takeover bid

(Reuters) - Mobile chipmaker Qualcomm Inc on Monday rejected rival Broadcom Ltd's $103-billion takeover bid, saying the offer "dramatically" undervalued the U.S. company.

businessNews reuters.com

Volkswagen's truck brand MAN spends $2.8 billion to upgrade plants

MUNICH (Reuters) - Volkswagen's heavy-trucks brand MAN said it will spend more than 2.4 billion euros ($2.8 billion) through 2020 on upgrading plants in Europe, Asia and Africa as part of efforts to overhaul production and boost profit.

technologyNews reuters.com

Malaysia's CIMB says backup tapes containing banking customer data lost

KUALA LUMPUR (Reuters) - Malaysia's CIMB Group Holdings Bhd on Monday said some magnetic tapes containing backup customer data were lost during routine operations, adding that there has been no evidence so far that any data has been compromised.

technologyNews reuters.com

EU wants feedback on impact of fake news to help draft strategy

BRUSSELS (Reuters) - The European Union is seeking feedback on the impact of fake news as part of a move to help the bloc's 500 million citizens assess news sources and make sure that social platforms such as Facebook live up to their responsibilities.

entertainmentNews reuters.com

South Korea celebrity appears in Chinese ad in subtle sign of thawing diplomatic tension

SEOUL (Reuters) - A South Korean actress is promoting cosmetics on China's biggest online mall, in a subtle sign of easing diplomatic tension that has seen once-ubiquitous South Korean celebrities vanish from Chinese marketing campaigns.

technologyNews reuters.com

EU markets agency warns new crypto coins could prove worthless

FRANKFURT (Reuters) - Europe's top markets regulator has warned investors about the pitfalls of buying newly issued crypto coins, an experimental and unregulated form of online crowd funding particularly used by start-up businesses.

companyNews reuters.com

S.Korea celebrity appears in Chinese ad in subtle sign of thawing diplomatic tension

* S.Korean actress promotes cosmetics on Alibaba's Taobao mall

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UPDATE 2-India RCom's loss, missed payments send shares plunging to record low

* RCom has a reprieve on payments to lenders until Dec. 2018 (Updates shares; Adds bonds and background)

businessNews reuters.com

Aramco plans to spend $300 billion over 10 years in upstream oil and gas: CEO

ABU DHABI (Reuters) - Saudi Aramco plans to spend close to $300 billion over 10 years in upstream oil and gas projects, Chief Executive Amin Nasser said on Monday.

technologyNews reuters.com

Think bitcoin's getting expensive? Try Zimbabwe

HARARE (Reuters) - For most investors around the world, bitcoin is a volatile and highly speculative bet. For Zimbabweans, however, the cryptocurrency seems to offer rare protection from the onset of hyperinflation and financial implosion.

worldNews reuters.com

Exclusive: Japan to delay multi-billion dollar fighter jet development - sources

TOKYO (Reuters) - Japan will delay a decision to develop a new advanced fighter jet, four sources said, as military planners struggle to settle on a design and officials splash out on new U.S. equipment such as ballistic missile interceptors and F-35 stealth planes.

companyNews reuters.com

REFILE-Qualcomm draws up plans to rebuff Broadcom's $103 billion offer -sources

Nov 12 (Reuters) - U.S. chipmaker Qualcomm Inc is making preparations to reject rival Broadcom Ltd's $103 billion bid as early as this week, four people familiar with the matter said on Sunday, setting the stage for one of the biggest-ever takeover battles.

technologyNews reuters.com

Backing Big Brother: Chinese facial recognition firms appeal to funds

HONG KONG (Reuters) - Buoyed by China’s plans to build a ubiquitous CCTV surveillance network, Chinese and some foreign investors are pouring money into start-up technology firms that specialize in facial recognition software.

businessNews reuters.com

Qualcomm draws up plans to rebuff Broadcom's $103 billion offer: sources

(Reuters) - U.S. chipmaker Qualcomm Inc is making preparations to reject rival Broadcom Ltd's $103 billion bid as early as this week, four people familiar with the matter said on Sunday, setting the stage for one of the biggest-ever takeover battles.

companyNews reuters.com

Qualcomm draws up plans to rebuff Broadcom's $103 billion offer -sources

Nov 12 (Reuters) - U.S. chipmaker Qualcomm Inc is making preparations to reject rival Broadcom Ltd's $103 billion bid as early as this week, four people familiar with the matter said on Sunday, setting the stage for one of the biggest-ever takeover battles.

Rajoy, Mariano nytimes.com

In Barcelona, Rajoy Calls for Record Turnout to Defeat Secessionism

In his first visit to Catalonia since taking control of the restive region, the Spanish prime minister urged Catalans to vote next month for a return to “normality.”

sportsNews reuters.com

Short track: U.S. sets men's 5,000m relay world record in Shanghai

(Reuters) - The United States set a short track world record of 6:29.052 in the men's 5,000 meter relay at a World Cup event in Shanghai on Sunday, beating the previous record set by Canada in Calgary in 2012 by more than a second.

businessNews reuters.com

UAE agrees $1.6 billion deal with Lockheed Martin to upgrade F-16 fighters

DUBAI (Reuters) - The United Arab Emirates will pay Lockheed Martin Corp 6 billion dirhams ($1.63 billion) to upgrade 80 F-16 jet fighters, a Defense Ministry spokesman said on Sunday.

companyNews reuters.com

China's JD.com, Alibaba rival, reports $19.1 billion in shopping event sales

BEIJING, Nov 12 (Reuters) - JD.com, China's e-commerce behemoth, said on Sunday that sales for Singles' Day - and its run-up - reached 127.1 billion yuan ($19.14 billion), up 50 percent from a year ago.

vis-photo nytimes.com

Chinese Village Keeps Alive a Tradition of Indigo Dyeing

In Dali, where nearly every family grows its own rice and indigo, “having a loom is just as important as having a cow.”

businessNews reuters.com

Airbus, Boeing close in on Dubai deals worth $30 billion

DUBAI (Reuters) - A battle for orders erupted on day one of the Dubai Airshow on Sunday as Europe's Airbus and its U.S. arch-rival Boeing prepared to fire opening salvos worth almost $30 billion.

technologyNews reuters.com

China shopping festival smashes record with $25 billion haul

SHANGHAI (Reuters) - Alibaba , the Chinese e-commerce giant, said on Saturday its Singles' Day sales extravaganza hit $25.4 billion, smashing its own record from last year and cementing it as the world's biggest shopping event.

companyNews reuters.com

UPDATE 4-China shopping festival smashes record with $25 bln haul

* More use of technology, fewer deals - analysts, shoppers (Adds final sales number)

cnn.com

World's biggest shopping day sets new record

technologyNews reuters.com

China shopping festival smashes record at halfway mark

SHANGHAI (Reuters) - Alibaba , the Chinese e-commerce giant, said its Singles' Day sales surged past last year's total just after midday Saturday, hitting a record $18 billion, pointing to a likely giant haul for the world's biggest shopping event.

companyNews reuters.com

UPDATE 3-China shopping festival smashes record at halfway mark

* More use of technology, but fewer deals - analysts, shoppers (Updates sales figure, adds new record being set)

technologyNews reuters.com

China's 24-hour online shopping binge nears $16 billion

SHANGHAI (Reuters) - Chinese e-commerce giant Alibaba saw its Singles' Day sales hit $16 billion by mid-morning on Saturday after racing to a billion dollars in just two minutes after the world's biggest shopping spree opened at midnight.

companyNews reuters.com

UPDATE 2-China's 24-hour online shopping binge nears $16 bln

* More use of technology, but fewer deals expected (Updates sales volume figure)

cnn.com

Air Force silence on shooter's record reflects systemic problem, sources say

The US Air Force's failure to properly document Texas gunman Devin Kelley's 2012 court martial conviction for assault on his wife and their child in a federal database used for firearm sale background checks reflects a systemic problem with the Department of Defense's system for sharing critical case information with the FBI, several former FBI and military agents told CNN.

sportsNews reuters.com

Four-star Hamilton on record pace in Brazil

SAO PAULO (Reuters) - Lewis Hamilton, with four world championship stars freshly painted on his race helmet, smashed the Interlagos track record as Mercedes dominated Brazilian Grand Prix practice on Friday.

companyNews reuters.com

BRIEF-Freddie Mac prices $1.2 billion Multifamily K-Deal, K-069

* Expects to issue approximately $1.2 billion in K Certificates (K-069 Certificates), which are expected to settle on or about November 20​ Source text for Eikon: Further company coverage:

technologyNews reuters.com

Bitcoin slides by over $1,000 in less than 48 hours

LONDON (Reuters) - Bitcoin dropped below $7,000 on Friday to trade more than $1,000 down from an all-time high hit on Wednesday, as some traders dumped it for a clone called Bitcoin Cash, sending its value up around a third.

businessNews reuters.com

China's 24-hour online shopping binge tops $1.5 billion in first three minutes

SHANGHAI (Reuters) - Chinese e-commerce giant Alibaba said sales topped 10 billion yuan ($1.51 billion) in just over three minutes from the opening of Singles' Day, an annual online discount sales gala that has become the world's biggest shopping spree.

Environment nytimes.com

$300 Billion War Beneath the Street: Fighting to Replace America’s Water Pipes

Two powerful industries, plastic and iron, are locked a lobbying war over the estimated $300 billion that local governments will spend on water pipes over the next decade.

technologyNews reuters.com

Russian retailer M.Video in preliminary talks with Alibaba: spokesman

MOSCOW (Reuters) - Russia's largest electronics retailer M.Video is in preliminary talks with Chinese online retail giant Alibaba about possible cooperation, an M.Video spokesman said on Friday.

businessNews reuters.com

Nvidia shares set record as Volta chips ensure future growth

(Reuters) - Shares of Nvidia Corp hit a record on Friday, after it posted stellar quarterly results powered by higher demand for graphics chips used in gaming and data centers, and the rapid adoption of its new Volta chips for AI and driverless cars.

sportsNews reuters.com

Four-star Lewis Hamilton on record pace in Brazil

SAO PAULO (Reuters) - Lewis Hamilton, with four world championship stars now painted on his race helmet, smashed the Interlagos track record as Mercedes dominated Friday's opening Brazilian Grand Prix practice.

technologyNews reuters.com

Germany needs 20 billion euros for broadband upgrade: document

BERLIN (Reuters) - Germany needs to invest some 20 billion euros ($23 billion) by 2025 on a national broadband upgrade, four parties seeking to form a coalition government said on Friday in a document seen by Reuters.

technologyNews reuters.com

Equifax warns data breach will harm future sales

(Reuters) - Equifax Inc on Friday warned that this year's massive data breach will harm future sales, saying it will reduce revenue in the current fourth quarter by 3 percent to 4 percent.

businessNews reuters.com

Nvidia set to open at record on soaring Volta chip demand

(Reuters) - Shares of Nvidia Corp are set to open at a record on Friday, after it posted stellar quarterly results powered by higher demand for graphics chips used in gaming and data centers, and the rapid adoption of its new Volta chips for AI and driverless cars.

technologyNews reuters.com

German investigators shut down illegal file-sharing site

FRANKFURT (Reuters) - German investigators shut down an illegal file-sharing site with around 27,000 members as part of a police sting targeting 42 suspects across Germany, the Frankfurt attorney general's office said on Friday.

entertainmentNews reuters.com

China bars billionaire actress Zhao Wei from stock trading for five years

BEIJING (Reuters) - Billionaire Chinese actress Zhao Wei and her husband have been barred from trading in the mainland stock market for five years and fined by the securities regulator, which cited their disclosure irregularities relating to a takeover bid of a firm.

entertainmentNews reuters.com

China's Bytedance buying lip-sync app Musical.ly for up to $1 billion

HONG KONG/SHANGHAI (Reuters) - Chinese online content platform Bytedance said on Friday it would buy popular lip-sync platform Musical.ly, in a deal seen valued at up to $1 billion that underlines the global ambitions of the fast-growing tech startup.

domesticNews reuters.com

Ohio workers vote against union at Chinese auto supplier plant

(Reuters) - Workers at a Chinese-owned auto glass plant in southwestern Ohio voted heavily against union representation, the United Auto Workers (UAW) said on Thursday, in a major blow for the union's strategy for organizing foreign-owned auto factories.

companyNews reuters.com

UPDATE 1-Ohio workers vote against union at Chinese auto supplier plant

Nov 9 (Reuters) - Workers at a Chinese-owned auto glass plant in southwestern Ohio voted heavily against union representation, the United Auto Workers (UAW) said on Thursday, in a major blow for the union's strategy for organizing foreign-owned auto factories.

Labor and Jobs nytimes.com

Chinese-Owned Factory in Ohio Fights Off Unionization Plan

Workers at the Fuyao Glass factory in Moraine overwhelmingly rejected the union proposal in a key test of how Chinese companies deal with labor relations.

technologyNews reuters.com

SoFi drops plans to enter Australia, Canada

(Reuters) - Online lender Social Finance Inc said on Thursday it is pulling back from expanding into Australia and Canada as previously planned, choosing instead to focus on improving its core lending products like student loans and mortgages in its home market.