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Surging banks lead Wall Street to highs as tax plan advances

businessNews reuters.com

(Reuters) - Wall Street surged to record highs on Tuesday led by sharp gains in bank stocks, and boosted by progress for a tax cut bill, strong consumer confidence data and encouraging comments from President Donald Trump's nominee to lead the Federal Reserve. [Source]

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politicsNews reuters.com

Trump makes 'robo-call' for Moore as Democrat Jones takes lead in Alabama race

BIRMINGHAM, Ala. (Reuters) - President Donald Trump sought to boost Republican U.S. Senate candidate Roy Moore by releasing a recorded phone call on his behalf in the final stretch of a bitter Alabama election fight marked by accusations of sexual misconduct against Moore.

companyNews reuters.com

UPDATE 8-Oil gains on Forties Pipeline shutdown, New York blast

* Output rise undermines OPEC-led efforts to tighten market (Updates with information on pipeline shutdown, updates prices; changes dateline to NEW YORK, previously LONDON.)

entertainmentNews reuters.com

'Shape of Water' leads wide ranging Golden Globe nominations

LOS ANGELES (Reuters) - Mexican filmmaker Guillermo del Toro's fantasy romance "The Shape of Water" led nominations for the Golden Globes on Monday, heading a list of dramas and comedies on issues ranging from press freedom, war, racism and the many aspects of love.

businessNews reuters.com

Wall Street ticks higher as New York explosion worries wane

(Reuters) - U.S stocks indexes edged higher on Monday, recovering from a brief uncertainty following an explosion at one of New York's busiest commuter hubs.

companyNews reuters.com

US STOCKS-Wall St ticks higher as New York explosion worries wane

* Cryptocurrency related stocks bounce after bitcoin futures debut

businessNews reuters.com

UBS leads blockchain data reporting pilot ahead of new EU rules

ZURICH/NEW YORK (Reuters) - Financial companies led by Swiss bank UBS are testing a blockchain platform to help them comply with new European Union trade data standards due to come into force next year.

cnn.com

Women detail sexual allegations against Trump

A group of women who have publicly accused President Donald Trump of sexual harassment and assault will detail their accounts of being groped, fondled and forcibly kissed by the businessman-turned-politician at a news conference on Monday.

businessNews reuters.com

Newly minted bitcoin futures indicate more modest growth ahead

NEW YORK/SYDNEY/LONDON (Reuters) - Newly launched bitcoin futures indicated on Monday that financial markets expect the cryptocurrency to climb further but at a far slower rate than in recent weeks as warnings of a bubble grew.

businessNews reuters.com

WTO losing focus, must rethink development: U.S. trade chief

BUENOS AIRES (Reuters) - U.S. President Donald Trump's trade chief said on Monday that the World Trade Organization is losing its focus on trade negotiations in favor of litigation and needed to rethink how it defines developing economies.

companyNews reuters.com

CANADA STOCKS-TSX inches up with fertilizer company gains, railways weigh

TORONTO, Dec 11 (Reuters) - Canada's main stock index inched higher in morning trade on Monday, boosted by gains for materials stocks including fertilizer companies, while gold miners moved in both directions and railway stocks weighed.

businessNews reuters.com

S&P, Dow flat after explosion at New York commuter hub

(Reuters) - The S&P 500 and the Dow were flat in early morning trading on Monday after an explosion rocked New York's Port Authority, one of the city's busiest commuter hubs.

businessNews reuters.com

VW sees 4-5 billion euros in outflows in 2018 due to dieselgate

WOLFSBURG, Germany (Reuters) - Volkswagen expects cash outflows of 4-5 billion euros ($4.7-5.9 billion) next year in relation to the dieselgate emissions cheating scandal, the carmaker's Chief Financial Officer Frank Witter told journalists on Monday.

businessNews reuters.com

Hackers hit major ATM network after U.S., Russian bank breaches: report

FRANKFURT (Reuters) - A previously undetected group of Russian-language hackers silently stole nearly $10 million from at least 18 mostly U.S. and Russian banks in recent years by targeting interbank transfer systems, a Moscow-based security firm said on Monday.

businessNews reuters.com

Japan's SMBC Nikko poised to poach bankers in push for U.S. growth

TOKYO (Reuters) - Sumitomo Mitsui Financial Group Inc's brokerage unit is ready to poach bankers to expand its U.S. investment banking arm and could even buy small firms if the right target comes up, its chief executive said.

entertainmentNews reuters.com

Fantasy romance 'Shape of Water' leads 2018 Golden Globe nods

LOS ANGELES (Reuters) - Mexican filmmaker Guillermo del Toro's fantasy romance "The Shape of Water" led the nominations for the 2018 Golden Globes on Monday, landing seven nods, including for best drama film, director and actress Sally Hawkins.

businessNews reuters.com

Lighthizer says WTO losing focus, must rethink development

BUENOS AIRES (Reuters) - U.S. President Donald Trump's trade chief said on Monday that the World Trade Organization is losing its focus on trade negotiations in favor of litigation and needed to rethink how it defines developing economies.

businessNews reuters.com

First round of Volkswagen pay talks end without deal

FRANKFURT (Reuters) - German trade union IG Metall on Monday said a first round of wage talks at Volkswagen failed to produce a result, adding it was disappointed the carmaker did not present a counter-offer to its demand for a 6-percent wage hike.

companyNews reuters.com

CANADA STOCKS-TSX slips at open as banks, railways move lower

TORONTO, Dec 11 (Reuters) - Canada's main stock index edged lower in early trade on Monday, with declines in banks and railway stocks offsetting small overall gains for the materials sector.

businessNews reuters.com

S&P, Dow flat after Port Authority explosion

(Reuters) - The S&P and the Dow opened little changed on Monday after reports of an explosion in New York's busy Port Authority commuter hub, while the Nasdaq was slightly higher as technology stocks rose.

businessNews reuters.com

Icahn nominates four directors to Xerox's board

(Reuters) - Activist investor Carl Icahn has named four nominees to Xerox Corp's board of directors, the company said on Monday, after a current Icahn-appointed director resigned due to a difference of opinion with the board.

businessNews reuters.com

Futures inch up, bitcoin grabs investor interest

(Reuters) - U.S. stock futures pointed to a higher opening for Wall Street on Monday, with the launch of bitcoin futures raising investor interest in cryptocurrency related companies.

businessNews reuters.com

Icahn makes four nominations for Xerox board

(Reuters) - Activist investor Carl Icahn has named four nominees to Xerox Corp's board of directors, the company said on Monday.

businessNews reuters.com

Hotly anticipated bitcoin futures ease off after 22 percent surge

NEW YORK/SYDNEY/LONDON (Reuters) - Bitcoin futures eased back from an initial surge of almost 22 percent to trade up 13 percent on Monday, in an eagerly awaited U.S. market debut that backers hope will confer greater legitimacy on the volatile cryptocurrency and lead to its wider use.

businessNews reuters.com

Uber's London license appeal to be heard next year

LONDON (Reuters) - Uber [UBER.UL] will defend its right to operate in London in court next year after the app was deemed unfit to run a taxi service and stripped of its license in its most important European market.

businessNews reuters.com

Apple aims to block climate, rights proposals with quick use of SEC guidance

BOSTON (Reuters) - Apple Inc is pushing back on shareholder proposals on climate issue and human rights concerns, an effort activists worry could sharply restrict investor rights.

companyNews reuters.com

BRIEF-Laurentian Bank Of Canada says on Dec 5, disclosed issues arising from a review of mortgages that it had sold to a third party purchaser

* Laurentian Bank Of Canada - On Dec 5, co disclosed issues arising from a review of mortgages that it had sold to a third party purchaser

worldNews reuters.com

Britain steps up battle against money laundering

LONDON (Reuters) - Britain's government said on Monday it will create a new national economic crime center to crack down harder on money laundering by drug dealers and people traffickers who are expected to net 90 billion pounds ($120.3 billion) this year.

businessNews reuters.com

Carrefour's Brazilian unit elects Malige as chairman

SAO PAULO (Reuters) - The board at the Brazilian unit of French retailer Carrefour has elected Matthieu Malige as chairman, it said in a statement on Monday.

businessNews reuters.com

Uber appeal case against London license loss planned for April or June next year

LONDON (Reuters) - Uber's [UBER.UL] appeal against the loss of its London license should begin on Apr. 30 for five days but might be delayed until June, a British judge said on Monday at a preliminary hearing.

companyNews reuters.com

Uber appeal case against London licence loss planned for April or June next year

LONDON, Dec 11 (Reuters) - Uber's appeal against the loss of its London licence should begin on Apr. 30 for five days but might be delayed until June, a British judge said on Monday at a preliminary hearing.

businessNews reuters.com

Bitcoin futures steal spotlight, momentum keeps pushing stocks up

LONDON (Reuters) - World stocks climbed and equity volatility neared a record low on Monday as investors focused on signs of strong economic growth ahead of a slew of central bank rate decisions, while the launch of bitcoin futures fed the market's cryptocurrency obsession.

technologyNews reuters.com

Mubadala has done 15 to 16 investments in Silicon Valley as part of the Softbank fund

ABU DHABI (Reuters) - Abu Dhabi's state investor, Mubadala [MUDEV.UL], has made 15 to 16 investments in Silicon Valley as part of a partnership with Softbank Group, deputy group CEO, Waleed al-Muhairi, told a conference in Abu Dhabi.

businessNews reuters.com

Ford's November China vehicle sales drop 8 percent year-on-year

(Reuters) - Ford Motor Co's sales in China fell 8 percent in November from a year ago, following a 5 percent decline in October, the U.S. automaker said on Monday.

businessNews reuters.com

Bitcoin futures rocket past $18,000; Asian shares buoyant

SYDNEY (Reuters) - The craze for cryptocurrencies entered a new chapter on Monday as bitcoin futures rocketed by one-fifth of their value at a hotly anticipated launch, while Asian shares climbed amid optimism about global growth.

worldNews reuters.com

Indian police file sexual assault case against airline passenger for allegedly molesting Bollywood actress

MUMBAI (Reuters) - Indian police have filed a sexual assault case against an airline passenger after a 17-year-old Bollywood actress said the male passenger had molested her during a late New Delhi-Mumbai flight, police said on Monday.

businessNews reuters.com

Bitcoin futures surge past $18,000; Asian shares firm

SYDNEY (Reuters) - The craze for cryptocurrencies entered a new chapter on Monday as bitcoin futures rocketed by one-fifth of their value at a closely-watched launch, while Asian shares climbed amid optimism about global growth.

worldNews reuters.com

China starts formal legal proceedings against disgraced senior politician

BEIJING (Reuters) - China's prosecutor began on Monday formal legal proceedings against disgraced senior politician Sun Zhengcai, once considered a contender for top leadership, who has been accused of corruption and other crimes.

businessNews reuters.com

Bitcoin futures surge past $17,000 on launch day

SYDNEY (Reuters) - The front-month bitcoin futures contract on the Chicago-based CBOE Futures Exchange surged past $17,000 on Monday, the first day of trading.

businessNews reuters.com

Bitcoin futures make firm debut, dollar holds gains ahead of Fed

SYDNEY (Reuters) - Futures in bitcoin, which has taken global financial markets by storm, swung above their launch price, while the dollar kept gains in Monday's Asian session on expectations the Federal Reserve will stick to its tightening path.

companyNews reuters.com

GLOBAL MARKETS-Bitcoin futures make firm debut, dollar holds gains ahead of Fed

* Fed expected to hike rates this week; BoE, ECB also meeting

businessNews reuters.com

Bitcoin futures race higher in volatile launch, dollar steady

SYDNEY (Reuters) - Futures in bitcoin, which has taken global financial markets by storm, got off to a volatile start at its launch, while the dollar kept gains in Monday's Asian session on expectations the Federal Reserve will stick to its tightening path.

businessNews reuters.com

Uber heads to court in fight for London survival

LONDON (Reuters) - Uber [UBER.UL] will defend its right to operate in London in a court hearing on Monday after the app was deemed unfit to run a taxi service and stripped of its license in its most important European market.

businessNews reuters.com

Bitcoin futures start trading on CBOE exchange

NEW YORK (Reuters) - The newest way to bet on bitcoin arrived on Sunday, with futures of the cryptocurrency that has taken Wall Street by storm starting trading for the first time.

cnn.com

Opinion: Fox News outrage against Mueller hits wrong target

Outrage! That's what we saw from some Fox News on-air personalities this past week. So why the Fox freak-out? Simple: Robert Mueller's investigation.

companyNews reuters.com

UPDATE 1-Novartis CAR-T therapy leads to durable response in lymphoma study

Dec 10 (Reuters) - Patients with an advanced form of an aggressive blood cancer who had initially responded to Novartis' new type of gene-modifying immunotherapy continued to respond at least six months after treatment, according to updated data released at a medical meeting on Sunday.

businessNews reuters.com

Mediaset hopes truce with Vivendi to come with content deal with Telecom Italia: media

MILAN (Reuters) - Mediaset's chief executive said he hoped the shared interest over TV content with Telecom Italia (TIM) could pave the way to a truce with France's Vivendi , speaking in a interview published late on Sunday.

businessNews reuters.com

Britain's Labour Party looks to move some BoE functions away from London

(Reuters) - Britain's Labour Party is considering moving some of Bank of England's functions to Birmingham, from its current home in Threadneedle Street in the City of London, according to an interim report on the British financial system released on Sunday.

cnn.com

McLaren's extreme $1 million supercar is street legal but made for the race track

McLaren says its new supercar wasn't built with "usability" in mind -- and the company isn't sorry about it.

healthNews reuters.com

Hospital operators in merger talks to form U.S. industry leader: WSJ

NEW YORK (Reuters) - Ascension Health and Providence St. Joseph Health are in talks about a merger between the two Catholic non-profits that would create the largest U.S. hospital chain, the Wall Street Journal reported on Sunday, citing people familiar with the discussions.

worldNews reuters.com

Mexican opposition leader Anaya to seek presidency in coalition

MEXICO CITY (Reuters) - Mexican opposition leader Ricardo Anaya said on Sunday he would seek to win the presidency in a left-right alliance after stepping down as head of the conservative National Action Party (PAN).

companyNews reuters.com

UPDATE 1-Hospital operators in merger talks to form U.S. industry leader -WSJ

NEW YORK, Dec 10 (Reuters) - Ascension Health and Providence St. Joseph Health are in talks about a merger between the two Catholic non-profits that would create the largest U.S. hospital chain, the Wall Street Journal reported on Sunday, citing people familiar with the discussions.

sportsNews reuters.com

Leaders Manchester City go 11 points clear on derby day

LONDON (Reuters) - Manchester City beat Manchester United 2-1 at Old Trafford to go 11 points clear at the top of the Premier League on Sunday while Liverpool and Everton drew 1-1 in a snowswept Merseyside derby at Anfield.

sportsNews reuters.com

Leaders Manchester City beat United on Premier League derby day

LONDON (Reuters) - Manchester City beat Manchester United 2-1 at Old Trafford on Sunday to stretch their Premier League lead to 11 points while Liverpool and Everton drew 1-1 in a snowswept Merseyside derby at Anfield.

worldNews reuters.com

Thousands of Romanians protest against proposed judicial reforms

BUCHAREST (Reuters) - Thousands of Romanians rallied in the capital Bucharest and other cities on Sunday, protesting against plans by the ruling Social Democrats (PSD) to overhaul the country's judicial system which is seen as undermining efforts to combat corruption.

healthNews reuters.com

Hospital operators in merger talks to create U.S. industry leader: WSJ

NEW YORK (Reuters) - Ascension Health and Providence St. Joseph Health are in discussions about a merger that would create the largest hospital chain in the United States, the Wall Street Journal reported on Sunday, citing people familiar with the situation.

companyNews reuters.com

Hospital operators in merger talks to create U.S. industry leader -WSJ

NEW YORK, Dec 10 (Reuters) - Ascension Health and Providence St. Joseph Health are in discussions about a merger that would create the largest hospital chain in the United States, the Wall Street Journal reported on Sunday, citing people familiar with the situation.

David Weigel nytimes.com

Trump Wants Washington Post Reporter Fired Over Misleading Tweet

The president said the reporter, Dave Weigel, should be fired for a photo he posted on Twitter of a sparsely filled arena before a rally for the president in Florida.

Pop and Rock Music nytimes.com

Review: Taylor Swift Leads a Jingle Ball Full of Hardheaded Women and Nice Guys

The annual concert of hitmakers at Madison Square Garden slighted pop’s diversity, offering a narrow definition of what “hit radio” looked like in 2017.

worldNews reuters.com

Thousands of Saakashvili supporters stage protest against Ukraine president

KIEV (Reuters) - Several thousand people marched through central Kiev on Sunday to protest against the detention of Ukrainian opposition figure Mikheil Saakashvili and call for the impeachment of President Petro Poroshenko.

healthNews reuters.com

Gilead's new drug keeps 56 percent of lymphoma trial patients alive

(Reuters) - More than half of trial patients with an advanced, aggressive form of blood cancer lived for at least a year after one-time treatment with Yescarta, a novel therapy sold by Gilead Sciences Inc, according to study results presented on Sunday.

Clean Water Act nytimes.com

Under Trump, E.P.A. Has Slowed Down Actions Against Polluters, and Curbed Enforcement

An analysis of enforcement data at the E.P.A. shows a substantial drop in activity against polluters when compared to the Obama and Bush administrations.

companyNews reuters.com

Gilead's new drug keeps 56 pct of lymphoma trial patients alive

Dec 10 (Reuters) - More than half of trial patients with an advanced, aggressive form of blood cancer lived for at least a year after one-time treatment with Yescarta, a novel therapy sold by Gilead Sciences Inc, according to study results presented on Sunday.

companyNews reuters.com

Novartis CAR-T therapy leads to durable response in lymphoma study

Dec 10 (Reuters) - Patients with an advanced form of an aggressive blood cancer who had initially responded to Novartis' new type of gene-modifying immunotherapy continued to respond at least six months after treatment, according to updated data released at a medical meeting on Sunday.

businessNews reuters.com

Thyssenkrupp makes offer to workers for Tata Steel deal: sources

BERLIN (Reuters) - Thyssenkrupp has offered workers commitments on jobs and investments to get union backing for its deal with Tata Steel to merge their European steel operations, several people close to labor union IG Metall said.

topNews reuters.com

Anti-Trump protests wane in Jerusalem, West Bank; flare in Beirut

JERUSALEM (Reuters) - Palestinian protests waned in the occupied West Bank and in the Gaza Strip on Sunday while violence flared near the U.S. embassy in Beirut over U.S. President Donald Trump's decision to recognize Jerusalem as Israel's capital.

businessNews reuters.com

Bangladesh minister says wants to 'wipe out' Manila bank for heist role

DHAKA (Reuters) - Bangladesh's finance minister said late on Saturday he wanted to "wipe out" a Philippines bank that was used to channel $81 million stolen from the Bangladeshi central bank's account with the Federal Reserve Bank of New York last year.

politicsNews reuters.com

Democrats eye gains in Pennsylvania trial on 'goofy' gerrymandering

LOWER MERION, Pa. (Reuters) - In Pennsylvania state Senator Daylin Leach's bid to win a seat vital to the Democratic Party's chances in 2018 elections of taking control of the U.S. Congress, his opponents may not be his biggest obstacle.

businessNews reuters.com

After bitcoin’s wild week, traders brace for futures launch

NEW YORK (Reuters) - The newest way to bet on bitcoin, the cyptocurrency that has taken Wall Street by storm with its stratospheric price rise and wild daily gyrations, will arrive on Sunday when bitcoin futures start trading.

businessNews reuters.com

South Korea's Hyundai says faces headwinds from weaker yen next year

SEOUL (Reuters) - South Korean automakers face a major headwind from a weakening Japanese yen, which will boost rivals like Toyota Motor Corp. next year, a Hyundai Motor think tank said.

businessNews reuters.com

Thyssenkrupp ready to make workers offer for Tata Steel deal: Bild am Sonntag

BERLIN (Reuters) - Thyssenkrupp is prepared to offer workers commitments on jobs and investments to get union backing for its deal with Tata Steel to merge their European steel operations, German weekly Bild am Sonntag reported, citing an internal memo.

businessNews reuters.com

VW executive convicted in U.S. may seek transfer to Germany: Welt am Sonntag

BERLIN (Reuters) - Volkswagen executive Oliver Schmidt, convicted in the United States this week for his role in the German carmaker's emissions scandal, may ask to serve his prison sentence in Germany, German weekly Welt am Sonntag reported, citing sources close to Schmidt.

worldNews reuters.com

Thousands march in Tel Aviv to protest against Netanyahu, corruption

TEL AVIV (Reuters) - Thousands of Israelis protested in Tel Aviv on Saturday for the second consecutive week against government corruption and Prime Minister Benjamin Netanyahu, who is under criminal investigation over allegations of abuse of office.

environmentNews reuters.com

California firefighters make gains ahead of strong winds

VENTURA, Calif. (Reuters) - Firefighters in Southern California made progress on Saturday in their multifront battle against a slew of wildfires that have killed at least one person, destroyed hundreds of buildings and forced more than 200,000 people from their homes this week.

Sexual Harassment nytimes.com

In Indonesia, Women Begin to Fight ‘Epidemic’ of Street Harassment

Activist groups are springing up, and the first step, they say, is exposing the routine instances of groping and catcalling that have long gone unreported.

Daniel Shaver nytimes.com

Video Shows Officer Fatally Shooting Unarmed, Pleading Man

The video, released after an Arizona jury acquitted the officer of murder, renewed calls for reforms in law enforcement. Activists described the shooting as an execution.

politicsNews reuters.com

Trump attends civil rights museum opening; black leaders stay away

JACKSON, Miss. (Reuters) - U.S. President Donald Trump flew to Mississippi on Saturday to attend the opening of a civil rights museum, but his visit was marred by the absence of top African-American leaders who stayed away in protest of his policies and record on race relations.

worldNews reuters.com

Brazil's PSDB picks Sao Paulo Gov. Alckmin to lead it into 2018 race

BRASILIA (Reuters) - The centrist Brazilian Social Democracy Party, or PSDB, elected four-time Sao Paulo Governor Geraldo Alckmin as its leader on Saturday, making him its most likely presidential nominee in next year's elections.

cnn.com

Civil rights leaders blast Trump's visit to civil rights museum

Just ahead of the opening of the Mississippi Civil Rights Museum, leaders from the civil rights movement and the local community blasted President Donald Trump's attendance as an affront to the spirit of the event.

worldNews reuters.com

Iraqi Shi'ite militia leader visits Lebanese-Israeli border

BEIRUT (Reuters) - The head of an Iran-backed Iraqi Shi'ite militia has visited Lebanon's border with Israel accompanied by allies from the Lebanese group Hezbollah, a video released on Saturday showed.

companyNews reuters.com

UPDATE 1-#NoRussiaNoGames: Twitter "bots" boost Russian backlash against Olympic ban

* But automated, semi-automated Twitter accounts amplify reach

businessNews reuters.com

Apple in talks to acquire music identification app Shazam: source

SAN FRANCISCO (Reuters) - Apple Inc is in talks to acquire Shazam Entertainment Ltd, whose software helps users identify songs by pointing their phone at an audio source, according to a person familiar with the situation.

companyNews reuters.com

Boston Herald files for bankruptcy protection to pursue sale

SAN FRANCISCO, Dec 8 (Reuters) - The parent company of the Boston Herald filed for Chapter 11 bankruptcy on Friday and will look to sell the newspaper to Gatehouse Media LLC, a move that underscores the hard times facing traditional print journalism.

worldNews reuters.com

Protesters gather in Kiev after police recapture ex-Georgia leader Saakashvili

KIEV (Reuters) - Ukrainian police recaptured the former president of Georgia Mikheil Saakashvili on Friday, prompting further protests in central Kiev by his supporters who freed him from police custody earlier this week.

worldNews reuters.com

Ukrainian police recapture former Georgian leader Saakashvili

KIEV (Reuters) - Ukraine's general prosecutor said on Friday police had recaptured the former president of Georgia Mikheil Saakashvili, who was freed from police custody by his supporters in dramatic scenes earlier this week.

businessNews reuters.com

PepsiCo to move to Nasdaq after nearly a century with NYSE

(Reuters) - PepsiCo Inc is moving its listing to the Nasdaq, ending a century-long association with the New York Stock Exchange.

businessNews reuters.com

Apple's Ive returns to helm of design teams

(Reuters) - Apple Inc Chief Design Officer Jony Ive is returning to day-to-day management of the company's design teams after handing off managerial duties two years ago to focus on other projects, Apple told Reuters on Friday.

businessNews reuters.com

Delta Air Lines cancels hundreds of flights due to winter storm

NEW YORK (Reuters) - Delta Air Lines has canceled more than 600 flights due to inclement weather at its Atlanta hub, the carrier said on Friday, as a winter storm travels towards the northeast, threatening more cancellations and delays.

businessNews reuters.com

Tax-loss selling to pressure 2017's losers in December

NEW YORK (Reuters) - Stocks that have been lackluster so far in 2017 are unlikely to see their fortunes reversed in the final month of the year, as investors engage in tax-harvesting practices before the new year.

businessNews reuters.com

Macy's Terry Lundgren to retire as chairman in January

(Reuters) - Department store operator Macy's Inc said Chairman and former Chief Executive Terry Lundgren would retire from the board on January 31, 2018.

companyNews reuters.com

CANADA STOCKS-TSX posts 2-week high as industrials lead broad-based rally

TORONTO, Dec 8 (Reuters) - Canada's main stock index rose to a two-week high on Friday, led by financial and industrial shares after solid U.S. jobs data boosted investor sentiment, while energy stocks climbed on higher oil prices.

businessNews reuters.com

Strong U.S. job growth in November bolsters economy's outlook

WASHINGTON (Reuters) - U.S. job growth increased at a strong clip in November, painting a portrait of a healthy economy that analysts say does not require the kind of fiscal stimulus that President Donald Trump is proposing, even though wage gains remain moderate.

businessNews reuters.com

Wall Street closes higher after payrolls report

NEW YORK (Reuters) - U.S. stocks advanced on Friday, buoyed by a solid payrolls report for November that locked in expectations for an interest rate hike from the U.S. Federal Reserve next week and raised optimism about economic prospects in 2018.

worldNews reuters.com

Ex-Georgian leader Saakashvili says he has been detained again in Kiev

KIEV (Reuters) - The former president of Georgia Mikheil Saakashvili said on Friday he had been detained again by Ukrainian authorities, after he escaped police custody earlier this week.

businessNews reuters.com

Bitcoin drops after dramatic gains ahead of futures launch

LONDON/NEW YORK (Reuters) - Bitcoin lost almost a fifth of its value in 10 hours on Friday, having surged more than 40 percent in the preceding 48 hours, sparking fears the market may be heading for a price collapse.

companyNews reuters.com

UPDATE 3-Bitcoin drops after dramatic gains ahead of futures launch

(Updates prices, adds graphic, analyst comment) By Jemima Kelly and Gertrude Chavez-Dreyfuss LONDON/NEW YORK, Dec 8 (Reuters) - Bitcoin lost almost a fifth of its value in 10 hours on Friday, having surged more than 40 percent in the preceding 48 hours, sparking fears the market may be heading for a price collapse. In a hectic day on Thursday, bitcoin leapt from below $16,000 to $19,500 in less than an hour on the U.S.-based GDAX, one of the biggest exchanges globally, while it was

companyNews reuters.com

BRIEF-Toyota Announces Executive Leadership Appointments In North America

* TOYOTA ANNOUNCES EXECUTIVE LEADERSHIP APPOINTMENTS IN NORTH AMERICA Source text for Eikon: Further company coverage:

businessNews reuters.com

November payrolls report lifts Wall Street

NEW YORK (Reuters) - Wall Street indexes advanced on Friday on the heels of a solid payrolls report for November, locking in expectations for an interest rate hike from the U.S. Federal Reserve next week and boosting optimism about economic prospects for 2018.

companyNews reuters.com

US STOCKS-November payrolls report lifts Wall St

* Dow up 0.34 pct, S&P 500 up 0.43 pct, Nasdaq up 0.46 pct (Updates to mid-afternoon, changes byline)

businessNews reuters.com

Trump says fines against Wells Fargo could be increased

WASHINGTON/NEW YORK (Reuters) - President Donald Trump took aim at the third-largest U.S. bank on Friday, writing on Twitter that government fines and penalties against Wells Fargo & Co could be hiked amid an ongoing sales scandal.

businessNews reuters.com

Bitcoin tumbles after dramatic gains ahead of futures launch

LONDON/NEW YORK (Reuters) - Bitcoin lost almost a fifth of its value in 10 hours on Friday, having surged more than 40 percent in the preceding 48 hours, sparking fears the market may be heading for a price collapse.

businessNews reuters.com

Wall Street gains on robust Nov. hiring data

(Reuters) - Wall Street indexes gained on Friday as U.S. employers added more jobs than expected in November, cementing the case for an interest rate hike next week and adding to optimism about the economy heading into 2018.

companyNews reuters.com

US STOCKS-Wall Street gains on robust Nov. hiring data

* Indexes up: Dow 0.38 pct, S&P 0.49 pct, Nasdaq 0.64 pct (Updates to early afternoon)

businessNews reuters.com

Ahead of Canada fighter jet announcement, Boeing looks to future

OTTAWA (Reuters) - Boeing Co , which is locked in a dispute with the Canadian government, said on Friday it would continue to look for ways to work with the country, which is expected next week to announce it is scrapping plans to buy 18 of the U.S. planemaker's Super Hornet fighter jets.

businessNews reuters.com

WestJet to gain market share with Delta joint venture: Moody's

(Reuters) - WestJet Airlines Ltd's joint venture with Delta Air Lines Inc will put the Canadian air carrier in a stronger position to gain market share, credit rating agency Moody's Investors Service said.

businessNews reuters.com

EU regulators to warn Bayer about Monsanto bid: source

BRUSSELS (Reuters) - EU antitrust regulators are set to warn Bayer its planned purchase of U.S. seed maker Monsanto may hurt competition, a person familiar with the matter said on Friday, a move that would force Bayer to offer concessions to address the concerns.

businessNews reuters.com

Steinhoff shares climb off 14-year low in volatile trade

JOHANNESBURG (Reuters) - Steinhoff shares plunged another 50 percent on Friday, before paring some losses as traders booked profits on short positions taken out after the South African retailer disclosed accounting irregularities earlier this week.

businessNews reuters.com

Deutsche Bank can cope with Basel III outcome: CFO in paper

BERLIN (Reuters) - Deutsche Bank is able to cope with the stricter capital rules on banks that were agreed this week, its finance chief told a German paper.

businessNews reuters.com

Wall Street rises as jobs data shows strength in economy

(Reuters) - U.S. stocks were pushed higher on Friday by a stronger-than-expected jobs data for November, which indicated improving economic fundamentals at the world's largest economy in the run up to a near certain interest rate hike next week.

worldNews reuters.com

France's conservatives choose leader to rattle Macron's perch

PARIS (Reuters) - In his first seven months in office, President Emmanuel Macron has faced little opposition. But come Sunday, the once-dominant Republicans elect a new leader they hope might recover the party's voice.

companyNews reuters.com

UPDATE 1-Trump says fines against Wells Fargo won't be dropped - Twitter

WASHINGTON, Dec 8 (Reuters) - U.S. President Donald Trump took aim at the country's third-largest bank on Friday tweeting that government fines and penalties against Wells Fargo & Co could be "substantially increased" amid an on-going sales scandal.

businessNews reuters.com

U.S. tax repatriation plan may not cure long-term dollar weakness

NEW YORK (Reuters) - Investors looking for the U.S. Republican tax bill to prompt multinational companies to convert foreign profits into dollars and end the worst slide in the greenback in a decade may have to temper their hopes for a prolonged rebound.

sportsNews reuters.com

#NoRussiaNoGames: Twitter 'bots' boost Russian backlash against Olympic ban

MOSCOW (Reuters) - What began as a grassroots online campaign featuring a schoolboy has grown into a mass hashtag protest against Russia's exclusion from the Winter Olympics - backed by what appear to be fake Twitter accounts and users connected to past pro-Kremlin causes.

PersonalFinance reuters.com

UBS investment bank head wary on 2018 outlook

ZURICH (Reuters) - The head of Swiss bank UBS's investment banking business gave a cautious outlook for market conditions next year, with fees set to fall again and volatility staying low.

businessNews reuters.com

CVS expects Justice Department to handle review of Aetna deal

WASHINGTON (Reuters) - CVS Health Corp expects the U.S. Justice Department to do the antitrust review of its planned acquisition of health insurer Aetna Inc, a spokesman for the drugstore chain operator said.

businessNews reuters.com

Trump says fines against Wells Fargo won't be dropped: Twitter

WASHINGTON (Reuters) - U.S. President Donald Trump said on Friday that government fines and penalties against Wells Fargo & Co will not be dropped and could be "substantially increased."

companyNews reuters.com

#NoRussiaNoGames: Twitter "bots" boost Russian backlash against Olympic ban

* But automated, semi-automated Twitter accounts amplify reach

companyNews reuters.com

Trump says fines against Wells Fargo won't be dropped - Twitter

WASHINGTON, Dec 8 (Reuters) - U.S. President Donald Trump said on Friday that government fines and penalties against Wells Fargo & Co will not be dropped and could be "substantially increased."

environmentNews reuters.com

NYC mother seeks millions from city after child's lead poisoning

(Reuters) - A Brooklyn mother is seeking millions from the city after her toddler was poisoned while living in a lead-infested apartment, the latest charge that New York has failed to protect children from the toxin.

businessNews reuters.com

Strong jobs data lifts Wall Street higher

(Reuters) - Wall Street ticked higher on Friday after a stronger-than-expected jobs data for November showed that the world's largest economy has gained strength, ahead of a near certain interest rate hike next week.

sportsNews reuters.com

Golf: Rookie Pulkkanen leads at birdie-filled Joburg Open

JOHANNESBURG (Reuters) - Finland's Tapio Pulkkanen fired a 64 to move to 14 under par on Friday and take a one-shot lead in the second round of the Joburg Open.

businessNews reuters.com

Strong U.S. jobs growth data lifts Wall Street

(Reuters) - Wall Street's stock indexes opened higher on Friday after the latest jobs data showed strength in the U.S. economy and bolstered the case for a December interest rate hike.

companyNews reuters.com

US STOCKS SNAPSHOT-Strong U.S. jobs growth data lifts Wall Street

Dec 8 (Reuters) - Wall Street's stock indexes opened higher on Friday after the latest jobs data showed strength in the U.S. economy and bolstered the case for a December interest rate hike.

businessNews reuters.com

After dramatic gains, bitcoin tumbles 20 percent in 10 hours

LONDON/TOKYO (Reuters) - Bitcoin lost almost a fifth of its value in 10 hours on Friday, having surged more than 40 percent in the preceding 48 hours, sparking fears the market may be heading for a price collapse.

businessNews reuters.com

Singapore's ComfortDelGro buys majority stake in Uber unit

(Reuters) - Singapore's top taxi operator ComfortDelGro Corp will buy a 51 percent stake in a unit of Uber [UBER.UL] that runs a fleet of private hire vehicles, as the companies seek to bridge the gap with dominant ride-hailing firm Grab.

businessNews reuters.com

Stock futures add to gains on strong November jobs data

(Reuters) - U.S. stock index futures extended gains on Friday after a Labor Department report showed job growth increased at a strong clip in November and wages rebounded.

companyNews reuters.com

US STOCKS SNAPSHOT-Futures add to gains on strong Nov. jobs data

Dec 8 (Reuters) - U.S. stock index futures extended gains on Friday after a Labor Department report showed job growth increased at a strong clip in November and wages rebounded.

businessNews reuters.com

JPMorgan, Citi not willing to support launch of bitcoin futures: FT

(Reuters) - Big Banks, including JPMorgan Chase and Citigroup will not immediately clear bitcoin trades for clients once Cboe Global Markets and CME Group start trading futures contracts in the cryptocurrency next week, the Financial Times reported, citing people familiar with the matter.

businessNews reuters.com

Roche, Novartis' Italian heads risk trial for alleged market rigging: sources

ROME (Reuters) - The local heads of Swiss drugmakers Roche and Novartis risk facing trial in Italy for alleged market manipulation, judicial sources said on Friday.

businessNews reuters.com

Lloyd's of London pushes ahead with Brexit plans

LONDON (Reuters) - Lloyd's of London [SOLYD.UL] will press ahead with plans to establish a foothold in the European Union regardless of progress in EU divorce talks that industry groups said was welcome but did little to dispel uncertainty.

businessNews reuters.com

Brexit deal helps U.S. futures bounce

(Reuters) - U.S. stock futures pointed to a higher opening for Wall Street on Friday, helped by gains for global stock markets after Britain secured EU agreement to move on from the first-round of Brexit negotiations.

companyNews reuters.com

UPDATE 1-China imposes record fine on Guangfa Bank over guarantees for defaulted bonds

BEIJING, Dec 8 (Reuters) - China's banking regulator has confiscated illegal income and imposed fines on China Guangfa Bank Co totalling 722 million yuan ($109 million) for providing illegal guarantees for defaulted corporate bonds sold through an Alibaba-backed online finance platform, it said on Friday.

businessNews reuters.com

Steinhoff shares bounce off 14-year low in volatile trade

JOHANNESBURG (Reuters) - Steinhoff shares plunged another 50 percent on Friday, before recovering as traders booked profits on short positions taken out after the South African retailer disclosed accounting irregularities earlier this week.

businessNews reuters.com

RBS CEO says U.S. settlement could slip into next year: Bloomberg

LONDON (Reuters) - Royal Bank of Scotland's chances of reaching a deal this year with the U.S. Department of Justice over its mis-selling of toxic mortgage-backed securities are "diminishing", its chief executive said in a Bloomberg TV interview.

businessNews reuters.com

VW says halts multivan deliveries amid emissions 'uncertainties'

BERLIN (Reuters) - Volkswagen said on Friday it had stopped delivering the T6 multivan to dealers after detecting that the diesel model emitted excessive nitrogen oxide levels and had reported the findings to Germany's automotive watchdog (KBA).

sportsNews reuters.com

Figureskating: Canada's Osmond takes surprise lead in Grand Prix Final

NAGOYA, Japan (Reuters) - Canada's Kaetlyn Osmond took a surprise lead in the women's short program at the Grand Prix Final on Friday, edging ahead of Russian teenager Alina Zagitova by less than a point.

Football (College) nytimes.com

On College Football: Leading Army’s Running Game, Two Years After He Nearly Walked Away

Army quarterback Ahmad Bradshaw has come a long way: 1,472 yards this season, and much further off the field.

worldNews reuters.com

U.N. warns against any hasty returns of Rohingya to Myanmar

GENEVA (Reuters) - The United Nations refugee agency (UNHCR) said on Friday that peace and stability must be restored in Myanmar's northern Rakhine state before any Rohingyas can return from Bangladesh, under international standards on voluntary repatriation.

businessNews reuters.com

RBS CEO says chance of U.S. settlement this year diminishing: Bloomberg

LONDON (Reuters) - Royal Bank of Scotland's chances of reaching a settlement this year with the U.S. Department of Justice over its mis-selling of toxic mortgage-backed securities are "diminishing", its chief executive said in a Bloomberg TV interview.

companyNews reuters.com

China Guangfa Bank fined $109 million for rule violation - regulator

BEIJING, Dec 8 (Reuters) - China's banking regulator has fined China Guangfa Bank Co 722 million yuan ($109.12 million) for providing illegal guarantees for defaulted corporate bonds, it said on Friday.

businessNews reuters.com

Sterling hits six-month high, stocks up as Brexit deal adds to Asian cheer

LONDON (Reuters) - A breakthrough in Brexit negotiations pushed sterling to a six-month high against the euro on Friday and added momentum to an upswing in world stocks underpinned by strong economic news from China and Japan.

companyNews reuters.com

UPDATE 1-SoftBank to invest $300 mln in food delivery firm DoorDash - Recode

Dec 7 (Reuters) - SoftBank Group Corp plans to invest around $300 million into DoorDash, a San Francisco-based food delivery startup, Recode reported.

businessNews reuters.com

Toshiba, Western Digital aiming to settle chip dispute next week: sources

TOKYO (Reuters) - Toshiba Corp and Western Digital Corp have agreed in principle to settle a dispute over the Japanese firm's plans to sell its $18 billion chip unit and aim to have a final agreement in place next week, sources familiar with the matter said.

businessNews reuters.com

Asia cheers China trade boost, bitcoin comes off heady heights

SYDNEY (Reuters) - Asian shares rallied for a second session on Friday as economic news from China and Japan beat all expectations while bitcoin, the market's new crypto-star, tumbled more than 10 percent after a meteoric ascent in recent weeks.

worldNews reuters.com

Thousands of Muslims in Asia protest against Trump's Jerusalem plan

JAKARTA/KUALA LUMPUR (Reuters) - Thousands of protesters in Muslim-majority Indonesia and Malaysia joined rallies on Friday to condemn Washington's decision to recognize Jerusalem as Israel's capital, as authorities tightened security outside U.S. embassies.

companyNews reuters.com

UPDATE 2-China's HNA pushes back against liquidity concerns, won't sell assets "blindly"

* Group exec says dismisses concerns about "liquidity crisis"

businessNews reuters.com

Volkswagen recalls 30,777 cars in Russia: standards agency

MOSCOW (Reuters) - Russia's standards agency Rosstandart said on Friday it had been informed about the recall of 30,777 Volkswagen Polo cars sold in Russia in 2015-2017.

Clinton, Hillary Rodham nytimes.com

Hillary Clinton and Lena Dunham, Her Main Millennial, Hit the Weinstein Wall

Ms. Dunham, longtime Clinton enthusiast, says she warned the campaign against associating with Harvey Weinstein.

companyNews reuters.com

BRIEF-India's City Union Bank Says Mastercard Reported Improper Debit Card Transactions To Co

* SAYS MASTERCARD RECENTLY REPORTED TO CO CERTAIN SET OF IMPROPER DEBIT CARD TRANSACTIONS

businessNews reuters.com

Kobe Steel's copper plant loses JIS certification - government

TOKYO (Reuters) - Japanese Industrial Standards (JIS) certification for copper and copper alloy seamless pipes produced by Kobe Steel Ltd's unit Shinko Metal Products has been suspended, the nation's trade ministry said on Friday.

companyNews reuters.com

Nikkei rises helped by gains in real estate, chip-related cos; Nikkei flat on week

TOKYO, Dec 8 (Reuters) - Japanese stocks rose on Friday on gains for most sectors after Wall Street climbed overnight, while Japan Display jumped on hopes that Apple may use liquid crystal technology on one of its new smartphones.

companyNews reuters.com

PRESS DIGEST -Wall Street Journal - Dec 8

Dec 8 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

businessNews reuters.com

Bitcoin plummets more than 12 percent to below $15,000

TOKYO (Reuters) - Bitcoin tumbled more than 12 percent in volatile Asian trading on Friday, dropping below the $15,000 level after touching a record high above $16,000 earlier in the session.

businessNews reuters.com

Asia cheers China trade boost, bitcoin shoots for the stars

SYDNEY (Reuters) - Asian shares rallied for a second session on Friday as economic news from China and Japan beat all expectations and investors marveled at the meteoric ascent of bitcoin, the market's new crypto-star.

companyNews reuters.com

WRAPUP 1-Strong November U.S. job gains anticipated; wages seen rising

WASHINGTON, Dec 8 (Reuters) - U.S. job growth likely increased at a strong clip in November and wages rebounded as the distortions from the recent hurricanes faded, creating a portrait of a healthy economy that analysts say does not require the kind of fiscal stimulus that President Donald Trump is proposing.

technologyNews reuters.com

SoftBank to invest $300 million in food delivery firm DoorDash: Recode

(Reuters) - SoftBank Group Corp plans to invest around $300 million into DoorDash, a San Francisco-based food delivery startup, Recode reported.

companyNews reuters.com

SoftBank to invest $300 mln in food delivery firm DoorDash - Recode

Dec 7 (Reuters) - SoftBank Group Corp plans to invest around $300 million into DoorDash, a San Francisco-based food delivery startup, Recode reported.

businessNews reuters.com

Toshiba, Western Digital agree in principle to settle chip dispute: sources

TOKYO (Reuters) - Toshiba Corp and business partner Western Digital Corp have agreed in principle to settle a dispute over the embattled Japanese conglomerate's plans to sell its $18 billion chip unit, sources with direct knowledge of the talks said.

companyNews reuters.com

BRIEF-SoftBank Is Preparing To Invest Around $300 Million Into The Food Delivery Startup Doordash- Recode, Citing Sources

* SOFTBANK IS PREPARING TO INVEST AROUND $300 MILLION INTO THE FOOD DELIVERY STARTUP DOORDASH- RECODE, CITING SOURCES Source text for Eikon: Further company coverage:

businessNews reuters.com

Asia gets China trade boost, bitcoin shoots for the stars

SYDNEY (Reuters) - Asian shares rallied for a second session on Friday as economic news from China and Japan beat all expectations, and investors marveled at the meteoric ascent of the market's new crypto-star, bitcoin.

businessNews reuters.com

HSBC beefs up Asia research team with 15 new hires in China

HONG KONG (Reuters) - HSBC said on Friday that it had expanded its Asian research team by hiring 15 analysts following the launch of HSBC Qianhai Securities, the first Chinese securities joint venture to be majority-owned by a foreign bank.

companyNews reuters.com

BRIEF-Luther Burbank Corporation Announces Pricing Of Initial Public Offering

* SAYS INITIAL PUBLIC OFFERING OF 12.2 MILLION COMMON SHARES PRICED AT $10.75PER SHARE

companyNews reuters.com

UPDATE 1-China's HNA pushes back against liquidity concerns, wont sell assets "blindly"

* HNA's leverage, ownership under scrutiny after $50 bln in deals (Adds quotes and comments from HNA executive)

businessNews reuters.com

Exclusive: Bangladesh Bank, NY Fed discuss suing Manila bank for heist damages

DHAKA (Reuters) - Bangladesh's central bank has asked the Federal Reserve Bank of New York to join a lawsuit it plans to file against a Philippines bank for its role in one of the world's biggest cyber-heists, several sources said.

companyNews reuters.com

Nikkei rises, real estate and chip-related firms lead; JDI soars

TOKYO, Dec 8 (Reuters) - Japanese stocks rose on Friday morning on gains for most sectors after Wall Street climbed overnight, while Japan Display jumped on hopes that Apple may use liquid crystal technology on one of its new smartphones.

businessNews reuters.com

JPMorgan's Dimon taking customer pricing hints from Amazon

NEW YORK (Reuters) - JPMorgan Chase & Co expects to offer more price discounts to its banking customers who buy multiple products, similar to the way Amazon.com gives extras to its Prime subscribers, chief executive Jamie Dimon said on Thursday.

cnn.com

Trump's meeting with congressional leaders makes little headway

The House and Senate passed legislation Thursday to fund the government through December 22, removing the threat of a disruption to federal agencies for two weeks while Republican and Democratic leaders work to resolve a tough set of policy differences that would allow them to pass a long-term spending bill.

businessNews reuters.com

Bitcoin blows past $16,000, alarm bells ring louder

LONDON/NEW YORK (Reuters) - Bitcoin rocketed to a lifetime high well above $16,000 on Thursday after climbing some 67 percent over one week, intensifying the debate about whether the cryptocurrency is in a bubble about to burst.

businessNews reuters.com

Japanese shares rally, bitcoin shoots for the moon

SYDNEY (Reuters) - Asian shares rallied for a second session on Friday as investors awaited major economic data from China and the United States while marveling at the meteoric ascent of the market's new crypto-star, bitcoin.

businessNews reuters.com

Oracle's Safra Catz among two new members named to Disney board

(Reuters) - Media company Walt Disney Co on Thursday named Oracle Corp's chief executive, Safra Catz, and her counterpart at Illumina Inc , Francis A. deSouza, to its board.

businessNews reuters.com

Alibaba redraws retail fault lines with bricks-and-mortar push

HANGZHOU, China (Reuters) - In a small village shop near the eastern Chinese city of Hangzhou, store owner Lu Qiwei uses his smartphone to place orders to refill stocks of instant noodles, rice and drinks.

businessNews reuters.com

Hilton says tax cut would finance share buybacks

NEW YORK (Reuters) - Hilton Worldwide Holdings Inc would use the windfall from a lower U.S. corporate tax rate to finance share buybacks from investors, company executives said, highlighting how corporate savings would be spent under the Republican tax plan.

companyNews reuters.com

BRIEF-Gilead Sciences and Kite To Acquire Cell Design Labs

* GILEAD SCIENCES INC - DEAL FOR UP TO APPROXIMATELY $567 MILLION

companyNews reuters.com

UPDATE 1-Gilead to buy Cell Design Labs for up to $567 mln

Dec 7 (Reuters) - Drugmaker Gilead Sciences Inc said on Thursday it was acquiring privately-held Cell Design Labs Inc for up to $567 million, giving it access to new technology platforms that would help in the development of cancer drugs.

companyNews reuters.com

REFILE-Gilead to buy Cell Design Labs for up to $567 million

Dec 7 (Reuters) - Drugmaker Gilead Sciences Inc said on Thursday it had agreed to acquire privately-held Cell Design Labs Inc for up to $567 million to boost its CAR-T cancer drug pipeline.

companyNews reuters.com

BRIEF-Investors Bank Announces Workforce Reduction And Branch Closures

* INVESTORS BANK ANNOUNCES WORKFORCE REDUCTION AND BRANCH CLOSURES

businessNews reuters.com

Goldman Sachs to clear bitcoin futures: spokeswoman

NEW YORK (Reuters) - Goldman Sachs Group Inc. is planning to clear bitcoin futures for some clients as the new contracts go live on exchanges in the coming days, a spokeswoman for the bank said on Thursday.

businessNews reuters.com

Wall Street rising: Facebook, Alphabet, Lululemon gain

(Reuters) - Wall Street rose on Thursday, buoyed by popular technology companies including Facebook and Alphabet, while shares of yoga pants seller Lululemon Athletica also worked up a sweat.

businessNews reuters.com

Bitcoin flirts with $16,000, alarm bells ring louder

LONDON/NEW YORK (Reuters) - Bitcoin rocketed to a lifetime high just shy of $16,000 on Thursday after climbing some 60 percent in just over a week, intensifying the debate about whether the cryptocurrency is in a bubble about to burst.

businessNews reuters.com

AT&T/Time Warner antitrust trial set for March

WASHINGTON (Reuters) - The trial to determine if the U.S. Department of Justice can stop AT&T Inc's $85 billion purchase of media company Time Warner Inc will begin on March 19, a federal judge in Washington said during a hearing on Thursday.

businessNews reuters.com

Exclusive: Wells Fargo sanctions are on ice under Trump official - sources

WASHINGTON (Reuters) - The new acting head of the U.S. consumer finance watchdog is reviewing whether Wells Fargo & Co should pay tens of millions of dollars over alleged mortgage lending abuse, according to three sources familiar with the dispute.

businessNews reuters.com

Exclusive: Uber's Chinese rival Didi Chuxing to enter Mexico next year - sources

MEXICO CITY/SAN FRANCISCO (Reuters) - Didi Chuxing, China's ride-hailing behemoth, plans to expand into Mexico next year, intensifying its global rivalry with Uber, according to two sources familiar with the plans.

businessNews reuters.com

Wall Street rising: Facebook, Alphabet gain

(Reuters) - Wall Street rose on Thursday, buoyed by popular technology companies including Facebook and Alphabet, while shares of yoga pants seller Lululemon Athletica also warmed up.

businessNews reuters.com

Morgan Stanley fires former lawmaker for misconduct

NEW YORK (Reuters) - Morgan Stanley has fired former U.S. Democratic lawmaker Harold Ford, Jr., a managing director at the Wall Street bank, for inappropriate conduct, a spokeswoman said on Thursday.

technologyNews reuters.com

Deutsche Bank says more regulation of cryptocurrencies needed

BERLIN (Reuters) - More regulation and some degree of security are needed to make cryptocurrencies such as bitcoin a serious new asset class for investors, Deutsche Bank Chief Investment Officer Christian Nolting said.

businessNews reuters.com

LendingClub shares take a hit from disappointing forecast

(Reuters) - Shares of LendingClub Corp hit a record low on Thursday after the online lender raised its loss estimate and cut its revenue forecast for the fourth quarter.

businessNews reuters.com

Wall Street higher as technology stocks gain ground

(Reuters) - U.S. stocks edged higher in early afternoon trading on Thursday as popular technology stocks gained a firm footing after a bout of selloff and industrial stocks rose.

companyNews reuters.com

US STOCKS-Wall Street higher as technology stocks gain ground

* Indexes up: Dow 0.41 pct, S&P 0.34 pct, Nasdaq 0.62 pct (Updates to early afternoon)

businessNews reuters.com

New York pension fund seeks more pay disclosure from Wells Fargo

(Reuters) - New York state Comptroller Thomas DiNapoli is asking Wells Fargo & Co to disclose more information about employee incentive pay, an issue that was at the heart of a scandal that has roiled the third-largest U.S. lender for more than a year.

businessNews reuters.com

Honeywell to buy 25 percent of Chinese supply chain software firm

(Reuters) - Industrial conglomerate Honeywell will take a 25 percent stake in Chinese software provider Flux Information Technology, placing a long-term bet on China's rapidly growing logistics industry.

businessNews reuters.com

Uber's license suspended in British city of Sheffield

LONDON (Reuters) - Uber's license to operate in the northern English city of Sheffield was suspended last Friday after it failed to respond to requests about the management of its taxi app, the local authority said.

businessNews reuters.com

Ford to test new self-driving vehicle technology in 2018

DETROIT (Reuters) - Ford Motor Co will begin testing its latest self-driving vehicle technology next year in at least one city but has not changed its plan to begin commercial production until 2021, the company said.

businessNews reuters.com

Budweiser maker Anheuser-Busch reserves 40 Tesla electric trucks

(Reuters) - Budweiser beer maker Anheuser-Busch has reserved 40 of Tesla Inc's all-electric Semi trucks as it seeks to reduce fuel costs and vehicle emissions, the brewer said on Thursday.

businessNews reuters.com

Technology stocks lead Wall Street's rise

(Reuters) - The three major U.S. indexes rose in late morning trading on Thursday with stocks of technology companies leading the pack, followed by industrials.

sportsNews reuters.com

Golf: Davidse rises from hospital bed to lead at Joburg Open

JOHANNESBURG (Reuters) - South African Keenan Davidse overcame illness and a spell in hospital to card a 63 and take a one-shot lead after the opening round of the European Tour’s Joburg Open at the Randpark Golf Club on Thursday.

businessNews reuters.com

Key to Pandora's turnaround: a better advertising platform

(Reuters) - Kevin Kleinman, a trader at Watchhimtrade.com, listens to music on Pandora every morning as he executes trades worth millions of dollars. But he will not bet a dime on the music streaming company.

companyNews reuters.com

METALS-Copper rises on bargain hunting, gains seen as fragile

* LME/ShFE arb: http://bit.ly/2wZSAEz (Adds technical analyst comment, updates prices)

Wildfires nytimes.com

California Fires Live Updates: ‘Extreme’ Threat as Wind Gains Strength

Los Angeles and other cities in Southern California are bracing for winds so strong “there will be no ability to fight fire,” the state’s firefighting chief warned.

businessNews reuters.com

Tech gains lift Nasdaq; consumer stocks weigh on S&P, Dow

(Reuters) - Gains in technology stocks helped lift the Nasdaq on Thursday, while the S&P 500 and the Dow were weighed down by losses in consumer stocks.

companyNews reuters.com

US STOCKS-Tech gains lift Nasdaq; consumer stocks weigh on S&P, Dow

* Indexes up: Dow 0.03 pct, S&P 0.01 pct, Nasdaq 0.22 pct (Updates to open)

businessNews reuters.com

Broadcom helps lift Nasdaq; S&P, Dow slip

(Reuters) - Gains in chipmaker Broadcom and yogawear maker Lululemon helped lift the Nasdaq at the open on Thursday, while the S&P 500 and the Dow were slightly lower.