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businessNews reuters.com

CSX CEO Harrison dies months into railway's turnaround effort

NEW YORK (Reuters) - CSX Corp Chief Executive Hunter Harrison has died, the freight railway operator said on Saturday, just a few days after announcing that the veteran rail executive hired earlier this year to boost its profits had taken a medical leave of absence.

businessNews reuters.com

CSX CEO Harrison dies days after medical leave announced

NEW YORK (Reuters) - CSX Corp Chief Executive Hunter Harrison has died, the freight railway operator said on Saturday, just a few days after announcing that he was taking a medical leave of absence.

businessNews reuters.com

U.S. labor board adopts business-friendly 'micro union' test

(Reuters) - A U.S. labor agency on Friday made it tougher for workers to form so-called micro unions made up of small groups of a company's employees, reversing an Obama-era decision that had been sharply criticized by companies.

businessNews reuters.com

U.S. renewable fuel industry relieved as Republicans keep tax credits

WASHINGTON (Reuters) - The U.S. renewable energy industry expressed relief after a compromise Republican tax bill released late on Friday preserved key tax credits that had been at risk of being removed, but it raised concerns about a provision that may threaten investment in the sector.

companyNews reuters.com

Odebrecht says dealings with Peru president were legitimate

LIMA, Dec 16 (Reuters) - Brazilian builder Odebrecht said Saturday that its recently-disclosed business ties to embattled Peruvian President Pedro Pablo Kuczynski were not part of the corrupt deals it struck with politicians that it has acknowledged to prosecutors.

businessNews reuters.com

Brazilian prosecutors ask state bank Caixa to remove vice presidents

BRASILIA (Reuters) - Brazilian prosecutors have asked that all the vice presidents of Caixa Economica Federal be replaced for what officials suspect are "irregularities" at the state bank, according to a document made public late on Friday.

cnn.com

HHS responds to CDC banned words report

Matt Lloyd, a spokesman for Health and Human Services, says that a Washington Post story claiming the CDC is banned from using seven words in budget documents was a "mischaracterization of discussions regarding the budget formulation process."

worldNews reuters.com

Egyptian presidential hopeful apologizes to arrested supporters

CAIRO (Reuters) - Egyptian presidential hopeful Ahmed Shafik apologized on Saturday to supporters who were arrested this week and called on authorities to resolve the situation.

businessNews reuters.com

Metlife says it failed to pay some pensions, flags hit to reserves

NEW YORK (Reuters) - Metlife Inc failed to pay pensions to potentially tens of thousands of people and will have to strengthen its reserves because of the costs of finding and repaying them, the New York insurer said. Metlife said in a filing on Friday that it believed the group missing out on the payments represented less than 5 percent of about 600,000 people who receive benefits from the company via its retirement business. Those affected generally have average benefits of le

companyNews reuters.com

NEWSMAKER-South Africa's nearly man Ramaphosa may lead country at last

JOHANNESBURG, Dec 16 (Reuters) - The nearly man of South African politics, Cyril Ramaphosa, is at last in with a chance of becoming president after being overlooked for years.

topNews reuters.com

Myanmar journalists' group to don black T-shirts over arrest of Reuters' reporters

YANGON (Reuters) - A group of Myanmar journalists said they would begin wearing black T-shirts on Saturday in protest at the detention of two Reuters reporters accused of violating the country's Official Secrets Act, as pressure builds on Myanmar to release the pair.

Presidential Election of 2016 nytimes.com

‘Trump, Trump, Trump!’ How a President’s Name Became a Racial Jeer

President Trump’s surname has become a racially charged taunt, or a braying assertion that the country is being taken back from forces that threaten it.

worldNews reuters.com

Peru's Congress prepares to oust President Kuczynski

LIMA (Reuters) - President Pedro Pablo Kuczynski's chances of surviving the political crisis gripping Peru faded on Friday after Congress passed a motion to start "presidential vacancy" procedures with enough votes to unseat him within a week.

cnn.com

Peru's President to face impeachment proceedings

Peruvian lawmakers decided to move forward with proceedings to impeach President Pedro Pablo Kuczynski amid allegations of bribery in connection to one of the largest corruption scandals in Latin America.

cnn.com

Report: Billionaire, wife found dead in home

Toronto billionaire and philanthropist Barry Sherman and his wife were found dead in their mansion Friday afternoon, CNN affiliate CTV reports.

businessNews reuters.com

Uber should have given court an ex-employee's letter about 'fraud and theft' in Waymo case

SAN FRANCISCO (Reuters) - Ride hailing company Uber was obligated to turn over to a U.S. federal judge a letter from a former employee that told of the company's "fraud and theft" and mentioned evidence of stolen trade secrets nailed "like a scalp" to the wall, a court official said Friday.

technologyNews reuters.com

North Korean hackers behind attacks on cryptocurrency exchanges, South Korean newspaper reports

SEOUL (Reuters) - South Korea's spy agency said North Korean hackers were behind attacks on cryptocurrency exchanges this year in which some 7.6 billion won ($6.99 million) worth of cryptocurrencies were stolen, a newspaper reported on Saturday.

businessNews reuters.com

Healthcare draws election-year worry, but 2016 repeat not seen

NEW YORK (Reuters) - With another election year looming, investors in the healthcare sector are wary the coming months could reopen wounds suffered during the 2016 U.S. presidential race.

worldNews reuters.com

Mexico presidential race roiled as leftist front-runner embraces right wing party

MEXICO CITY (Reuters) - The front-runner in Mexico's 2018 election has embraced a small, socially conservative party in his bid for the presidency, sparking criticism among progressives that could splinter his support in what is expected to be a tight race.

Bribery and Kickbacks nytimes.com

Peru’s President Faces Possible Ouster Over Links to Odebrecht

Lawmakers called President Pedro Pablo Kuczynski “morally handicapped” and set the stage for a vote that could lead to his removal.

businessNews reuters.com

Hamburger chain Wendy's to reduce antibiotic use in beef supply

CHICAGO (Reuters) - Hamburger chain Wendy's Co laid out plans on Friday to trim the use of antibiotics that are important to human medicine from its beef supply, the latest step by a food company to fight concerns about resistance to the drugs in people.

businessNews reuters.com

P&G appoints Peltz to board despite losing proxy battle

(Reuters) - Procter & Gamble Co said it appointed Nelson Peltz to its board despite the activist investor narrowly losing a months-long proxy fight, the biggest ever involving a U.S. company.

businessNews reuters.com

Leading U.S. antitrust senator urges hearing on Disney, Fox deal

WASHINGTON (Reuters) - Senator Amy Klobuchar, the top Democrat on the Senate antitrust panel, urged the subcommittee on Friday to hold a hearing on Walt Disney Co's plan to buy a number of Twenty-First Century Fox Inc businesses.

Sexual Harassment nytimes.com

Three More Women Accuse Dustin Hoffman of Sexual Misconduct, Variety Reports

The allegations included encounters in a car, a recording studio and a hotel room, where he allegedly exposed himself to a teenager.

politicsNews reuters.com

U.S. lawmaker probed on sex reports, second congressman denies charges

WASHINGTON (Reuters) - The U.S. House of Representatives Ethics Committee said on Friday it had begun an investigation into public reports that Democrat Ruben Kihuen engaged in sexual harassment, and a second lawmaker denied a former aide's allegations of sexual misconduct.

businessNews reuters.com

Wall Street closes at records with tax overhaul in sight

NEW YORK (Reuters) - Wall Street's three major indexes climbed to record closing highs on Friday with broad-based gains as a long-awaited bill to cut corporate tax rates looked like it would win enough support from lawmakers to pass.

companyNews reuters.com

US STOCKS-Wall St closes at records with tax overhaul in sight

* Indexes up: Dow 0.58 pct, S&P 0.9 pct, Nasdaq 1.17 pct (Updates to close, adds commentary, volume numbers)

businessNews reuters.com

Oil hovers below two-year highs with focus on U.S. output

NEW YORK (Reuters) - Oil prices were mixed on Friday, lingering below two-year highs as the continuing outage of a North Sea pipeline gave support, while climbing U.S. output and weak gasoline demand kept a lid on gains.

worldNews reuters.com

Peru president fights for political life as impeachment looms

LIMA (Reuters) - Lawmakers in Peru's opposition-ruled Congress filed a motion on Friday to impeach center-right President Pedro Pablo Kuczynski on grounds he was morally unfit to lead after he resisted calls to resign over alleged corruption.

businessNews reuters.com

U.S. Justice Department, AT&T settlement talks failed: court filing

WASHINGTON (Reuters) - The U.S. Department of Justice and AT&T Inc have held unsuccessful settlement talks over the wireless and pay-TV company's bid to buy movie and TV show maker Time Warner Inc , the two sides said in a court filing on Friday.

companyNews reuters.com

BRIEF-Eric Watson Reports 15.1 Pct Stake In Long Island Iced Tea

* ERIC J. WATSON REPORTS A 15.1 PERCENT STAKE IN LONG ISLAND ICED TEA CORP AS OF DECEMBER 6, 2017 - SEC FILING

businessNews reuters.com

Wall Street at record highs on rising hopes of tax overhaul

NEW YORK (Reuters) - Wall Street's three major indexes scaled new heights on Friday, with all major sectors pushing higher as a long-awaited tax bill that would cut corporate tax rates looked like it would win support among lawmakers.

businessNews reuters.com

CSX shares derail after CEO takes unexpected medical leave

(Reuters) - CSX Corp shares skidded as much as 10 percent on Friday, wiping out $4 billion in market value, as the No. 3 U.S. railroad by revenue sought to assure investors its turnaround would progress despite the unexpected medical leave of its chief executive officer.

businessNews reuters.com

Exclusive: Aston Martin owners rev up for 2018 exit with Lazard hire

LONDON (Reuters) - Aston Martin's owners have hired Lazard to prepare for a stock market listing or sale of the British sportscar maker made famous by fictional spy James Bond, sources familiar with the matter told Reuters.

companyNews reuters.com

Conn. Millstone nuclear plant seen profitable for years -report

Dec 15 (Reuters) - Dominion Energy Inc's Millstone nuclear power plant is expected to remain profitable through 2035, according to a study released by Connecticut energy regulators on Thursday, making it less likely the company will shut the reactors early.

companyNews reuters.com

BRIEF-Sonic Director Frank Richardson Reports Sale Of 50,000 Shares At $28-$28.39/Share

* SONIC CORP DIRECTOR FRANK RICHARDSON REPORTS OPEN MARKET SALE OF 50,000 SHARES PRICED BETWEEN $28.00 TO $28.39/SHARE- SEC FILING Source text : ( http://bit.ly/2CixX6F ) Further company coverage:

politicsNews reuters.com

House ethics committee investigates Democrat Kihuen on harassment reports

WASHINGTON (Reuters) - The U.S. House of Representatives Ethics Committee said on Friday it has begun an investigation into public reports that Democrat Ruben Kihuen engaged in sexual harassment, adding that announcing the probe was not a sign the committee already has determined the Nevada Representative violated any rules.

worldNews reuters.com

Peru lawmakers file motion to impeach president Kuczynski

LIMA (Reuters) - Opposition lawmakers in Peru's Congress presented a motion on Friday seeking to impeach President Pedro Pablo Kuczynski for "moral incapacity" due to his ties to Brazil's Odebrecht, a company that has admitted to paying bribes across Latin America.

businessNews reuters.com

Wall Street at record on rising hopes of tax overhaul

(Reuters) - Wall Street major indexes scaled new heights on Friday, with all the major sectors pushing higher as the long-awaited bill to lower corporate tax rates enters the final stretch.

businessNews reuters.com

Lockheed to partner with Aerion to develop supersonic business jet

(Reuters) - Lockheed Martin Corp , the maker of F-35 and F-22 fighter jets, is partnering with plane maker Aerion Corp to develop the world's first supersonic business jet.

topNews reuters.com

Special Report: At a hotel near you - Cadavers in the banquet room

LAKE BUENA VISTA, Florida (Reuters) - LAKE BUENA VISTA, Florida – Just outside the operating theater, the organizers of a medical conference wore Minnie Mouse ears.

cnn.com

Penn State slammed for ignoring reports on hazing

A scathing grand jury report released Friday described alcohol-fueled fraternity hazing at Penn State University and said the rituals were a pervasive and dangerous practice that the university has been apathetic to and failed to prevent for years.

businessNews reuters.com

Wall Street rally sets the stage for big IPO year in 2018

(Reuters) - A relentless bull-run in U.S. stock indexes this year has set the stage for a strong IPO market in 2018, with several multi-billion dollar firms including Airbnb and Spotify widely expected to grab headlines with their offerings.

companyNews reuters.com

US STOCKS-Wall St at record on rising hopes of tax overhaul

* Indexes up: Dow 0.6 pct, S&P 0.84 pct, Nasdaq 0.99 pct (Updates to early afternoon trading)

companyNews reuters.com

Amazon becomes Mexico's top online retailer in 2017 -report

MEXICO CITY, Dec 15 (Reuters) - Amazon.com Inc likely doubled its sales to become the biggest internet retailer in Mexico this year, helping to grow the country's nascent e-commerce market by a third, according to a report by market research firm Euromonitor International.

companyNews reuters.com

GRAPHIC-Wall St rally sets the stage for big IPO year in 2018

Dec 15 (Reuters) - A relentless bull-run in U.S. stock indexes this year has set the stage for a strong IPO market in 2018, with several multi-billion dollar firms including Airbnb and Spotify widely expected to grab headlines with their offerings.

businessNews reuters.com

Unilever to sell spreads business to KKR for $8 billion

(Reuters) - Unilever has agreed to sell its margarine and spreads business to U.S. private equity firm KKR for 6.83 billion euros ($8.04 billion) to concentrate on faster growing products.

businessNews reuters.com

Exclusive: Safran, Zodiac deal expected to win unconditional EU approval - source

BRUSSELS (Reuters) - French aero engine maker Safran is set to secure an EU green light for its $7.7 billion bid for aircraft seat maker Zodiac Aerospace to create the world's third-largest aerospace supplier, a person familiar with the matter said on Friday.

cnn.com

Trump called Putin yesterday to thank him after the Russian president praised him

President Donald Trump said Friday that he spoke with Russian President Vladimir Putin on Thursday to thank him for comments he made about the President's efforts to grow the American economy.

businessNews reuters.com

Exclusive: FCC plans to fine Sinclair $13.3 million over undisclosed commercials

WASHINGTON (Reuters) - The Federal Communications Commission plans to fine Sinclair Broadcasting Corp $13.3 million after it failed to properly disclose that paid programming that aired on local TV stations was sponsored by a cancer institute, three people briefed on the matter told Reuters.

companyNews reuters.com

BRIEF-American Express reports card member loans stats for November

* AMERICAN EXPRESS-USCS CARD MEMBER LOANS NET WRITE-OFF RATE – PRINCIPAL ONLY 1.9 PERCENT AT NOV END VERSUS 1.8 PERCENT AT OCT END

businessNews reuters.com

Ryanair offers to recognize unions in historic shift to try to avert strikes

DUBLIN (Reuters) - Ryanair offered on Friday to recognize pilot unions for the first time in its 32-year history in a last-minute attempt to avert its first-ever pilot strike.

businessNews reuters.com

Brazil's Embraer eyes 2024 commercial launch for Uber partnership: CEO

SAO PAULO (Reuters) - A partnership that Brazilian planemaker Embraer SA has struck with U.S. ride-hailing application Uber Technologies Inc will launch its first test flight in 2020, and aims to start commercial service in 2024, an executive said on Friday.

businessNews reuters.com

Tesla largely responsible for slide in U.S. home solar sales

(Reuters) - After years of double-digit growth, home solar installations in the United States are poised to fall for the first time this year, according to a report released on Thursday by GTM Research.

businessNews reuters.com

Wall St. rises as bank, healthcare stocks gain

(Reuters) - Wall Street indexes rose in morning trading on Friday, driven by gains in shares of banking and healthcare companies and on hopes that a final Republican tax bill will be unveiled in Congress later in the day.

businessNews reuters.com

Exclusive: EU regulators set to clear Safran, Zodiac deal - source

BRUSSELS (Reuters) - EU antitrust regulators are expected to approve without conditions French aero engine maker Safran's bid for aircraft seats, toilets and galleys maker Zodiac Aerospace , a person familiar with the matter said on Friday.

businessNews reuters.com

Unilever to sell margarine and spreads unit to KKR for $8 billion

LONDON (Reuters) - Unilever has agreed to sell its margarine and spreads business to KKR for 6.8 billion euros ($8 billion), it said on Friday, confirming an earlier report by Reuters saying the U.S. private equity fund had made it into exclusive talks to buy the shrinking business.

companyNews reuters.com

Wall St Week Ahead-Healthcare draws election-year worry, but 2016 repeat not seen

NEW YORK, Dec 15 (Reuters) - With another election year looming, investors in the healthcare sector are wary the coming months could reopen wounds suffered during the 2016 U.S. presidential race.

businessNews reuters.com

EU court rejects U.S. intervention in Apple's Irish $15 billion tax case

BRUSSELS (Reuters) - Europe's second-highest court has rejected a request from the U.S. government to intervene in Apple's challenge against an EU order to pay back taxes of up to 13 billion euros ($15.3 billion) because it failed to prove a direct interest in the outcome of the case.

companyNews reuters.com

US STOCKS-Wall St rises as bank, healthcare stocks gain

* Indexes up: Dow 0.51 pct, S&P 500 0.65 pct, Nasdaq 0.57 pct (Changes comment, adds details, updates prices)

businessNews reuters.com

Steinhoff's ex-chairman Wiese calls off $2.6 billion Shoprite deal

JOHANNESBURG (Reuters) - South African tycoon Christo Wiese on Friday called off plans to sell his stake in grocer Shoprite to Steinhoff's African arm , a day after he resigned from Steinhoff's board in the midst of an accounting scandal.

businessNews reuters.com

Wall Street up as gains in consumer staples power recovery

(Reuters) - Wall Street indexes rose on Friday with gains in consumer stocks such as Costco Wholesale helping a broad recovery.

Russian Interference in 2016 US Elections and Ties to Trump Associates nytimes.com

President Trump Escalates Criticism of F.B.I. Role in Russia Inquiry

President Trump stepped up his criticism of some F.B.I. agents helping to investigate possible Russian involvement in his campaign, calling it a “very sad thing to watch.”

companyNews reuters.com

US STOCKS-Wall Street up as gains in consumer staples power recovery

* Indexes up: Dow 0.53 pct, S&P 500 0.51 pct, Nasdaq 0.35 pct (Updates to open)

companyNews reuters.com

BRIEF-Renren Reports Qtrly ‍Net Loss Per Ads $0.33​

* RENREN ANNOUNCES UNAUDITED THIRD QUARTER 2017 FINANCIAL RESULTS AND UPDATES ON PROPOSED TRANSACTION

businessNews reuters.com

Wall Street opens higher on tax bill optimism

(Reuters) - Wall Street opened higher on Friday as investors were optimistic about the passage of the Republican's much-awaited tax overhaul bill by the year-end.

companyNews reuters.com

CANADA STOCKS-TSX rises, boosted by Linamar on acquisition news

TORONTO, Dec 15 (Reuters) - Canada's main stock index gained in early trading on Friday, as auto parts maker Linamar Corp jumped on news of a C$1.2 billion deal to buy an agricultural equipment maker, and heavyweight energy and financial stocks also rose.

businessNews reuters.com

Chairman of Brazilian conglomerate Odebrecht to step down: paper

SAO PAULO (Reuters) - Emílio Odebrecht will resign as chairman of the board of the scandal-plagued Brazilian engineering conglomerate Odebrecht SA in the first half of next year, newspaper O Estado de S. Paulo reported on Friday, citing an unnamed source.

businessNews reuters.com

Icahn steps up fight against SandRidge's plan to buy Bonanza Creek

(Reuters) - Activist investor Carl Icahn on Friday urged SandRidge Energy Inc's stockholders to vote against the oil and gas company's plan to issue shares for its proposed acquisition of Bonanza Creek Energy .

businessNews reuters.com

Exclusive: KKR wins auction for Unilever's spreads business - sources

(Reuters) - Private equity firm KKR is in exclusive talks to buy Unilever's margarine and spreads business, people familiar with the matter said on Friday, in a deal expected to top $7 billion.

cnn.com

Analysis: Joe Biden sure looks like he is running for president

The biggest tell to date of Joe Biden's 2020 plans came this week, when he apologized to Anita Hill.

businessNews reuters.com

South African regulator probes conduct of Steinhoff auditors

JOHANNESBURG (Reuters) - South Africa's Independent Regulatory Board for Auditors (IRBA) is investigating Steinhoff's auditor following the retail group's disclosure of accounting irregularities, it said on Friday.

businessNews reuters.com

CSX shares tumble after CEO's medical leave

(Reuters) - CSX Corp's shares tumbled on Friday in premarket trading after the No. 3 U.S. railroad said Chief Executive Hunter Harrison was taking medical leave for unexpected complications from a recent unspecified illness.

businessNews reuters.com

Let board do its job finding successor, Airbus CEO urges staff

PARIS (Reuters) - Airbus Chief Executive Tom Enders, who is stepping down in 2019, urged employees on Friday to allow the board to pick his successor without being distracted by speculation about who would replace him.

businessNews reuters.com

Stock futures recover from tax bill concerns

(Reuters) - U.S. stock markets were set to open higher on Friday, recovering from a bout of uncertainty surrounding the passage of the Republicans' much-awaited tax overhaul bill.

companyNews reuters.com

BRIEF-Rigel Announces Resignation Of Ryan Maynard, Executive Vice President And CFO Effective December 31, 2017

* RESIGNATION OF RYAN MAYNARD, EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER, EFFECTIVE DECEMBER 31, 2017

companyNews reuters.com

BRIEF-Acorn International Reports Q3 Revenue $6.1 Million

* ACORN INTERNATIONAL REPORTS FINANCIAL RESULTS FOR THE THIRD QUARTER OF 2017 AND ANNOUNCES $2.0 MILLION SHARE BUYBACK PLAN

businessNews reuters.com

Some Canada firms could move to U.S. amid NAFTA worries: survey

OTTAWA (Reuters) - More a quarter of Canadian firms could move part of their operations to the United States amid uncertainty over the future of the NAFTA trade pact, the nation's export credit agency said on Friday.

businessNews reuters.com

Tesla largely responsible for slide in U.S. home solar sales: report

(Reuters) - After years of double-digit growth, home solar installations in the United States are poised to fall for the first time this year, according to a report released on Thursday by GTM Research.

domesticNews reuters.com

Pennsylvania grand jury to report on fraternity hazing death

HARRISBURG, Pa. (Reuters) - A long-awaited grand jury report about fraternity hazing at Pennsylvania State University was set to be unveiled on Friday, 10 months after the death of Timothy Piazza, 19, during an alcohol-fueled initiation ritual.

businessNews reuters.com

India raises import tax on cellphones, move to hurt Apple

NEW DELHI (Reuters) - India has increased the import tax on dozens of electronic products such as mobile phones and television sets, a government statement said, to help curb supplies from overseas and build up the domestic industry.

businessNews reuters.com

Germany's Merck in fresh bid to enter U.S. MS pill market

FRANKFURT (Reuters) - Germany's Merck KGaA is reviving plans to bring an oral multiple sclerosis (MS) treatment to the U.S. market, hoping for blockbuster sales despite regulatory concerns about side effects having frustrated its ambitions almost seven years ago.

businessNews reuters.com

Airbus board triggers shake-up to end succession row

PARIS (Reuters) - Airbus confirmed the departure of planemaking chief Fabrice Bregier as part of a series of board moves on Friday to clear the air over succession plans following weeks of speculation surrounding Europe's largest aerospace firm.

businessNews reuters.com

Global shares limp toward third week of gains, dollar hobbles

LONDON (Reuters) - World shares fell on Friday and the dollar slipped against major and heavyweight emerging market currencies, as nagging uncertainty about a U.S. tax cuts package dovetailed with broad-based end-of-year caution.

businessNews reuters.com

Australia cobalt rush accelerates on electric vehicle demand, DRC troubles

MELBOURNE (Reuters) - Australia, home to the world's second-biggest cobalt reserves, is seeing a rush of interest in projects still years from production as makers of batteries used in electric vehicles (EVs) seek supplies of the metal from a more costly but less risky source than top miner, the Democratic Republic of Congo.

businessNews reuters.com

Japan's Yamato plans to open labor-saving facility next year

TOKYO (Reuters) - Japan's largest package delivery company, Yamato Transport Co, is considering plans to open a new distribution facility with labor-saving technology near Tokyo early next year, its chief executive said on Friday.

businessNews reuters.com

Ryanair to recognize unions in historic shift to stop strike

DUBLIN (Reuters) - Ryanair on Friday announced that it would recognize pilot unions for the first time in its 32-year history in a bid to stop the first pilot strike in its history from taking place later in the day.

businessNews reuters.com

Oil prices rise on North Sea pipeline outage, but growing US output looms

SINGAPORE (Reuters) - Oil prices moved up on Friday, lifted by the Forties pipeline outage in the North Sea and ongoing OPEC-led production cuts, although rising output from the United States kept a lid on markets.

businessNews reuters.com

Exclusive: China's CNPC weighs taking over Iran project if Total leaves - sources

BEIJING/LONDON (Reuters) - China's top oil and gas company CNPC is considering taking over Total's stake in a giant Iranian gas project if the French company leaves Iran to comply with any new U.S. sanctions, industry sources said.

worldNews reuters.com

Russian parliament sets March 18 as presidential election date

MOSCOW (Reuters) - The upper house of the Russian parliament voted on Friday to set March 18 as the date of next year's presidential election.

businessNews reuters.com

Oil prices rise on North Sea pipeline outage, but rising U.S. output looms

SINGAPORE (Reuters) - Oil prices moved up on Friday, lifted by the Forties pipeline outage in the North Sea and ongoing OPEC-led production cuts, although rising output from the United States kept a lid on markets.

businessNews reuters.com

Airbus confirms management shake-up

PARIS (Reuters) - Airbus confirmed a top management shake-up on Friday, following weeks of turmoil at the European planemaker.

businessNews reuters.com

Paralysis at PDVSA: Venezuela's oil purge cripples company

CARACAS/HOUSTON (Reuters) - Decisions at some joint ventures with foreign firms are delayed. A growing number of oil tankers sit idle because no one authorizes payments. Employees struggle to get approval for routine expenses, from taxis to training.

businessNews reuters.com

Oil prices stable on tighter market, but rising US output looms for 2018

SINGAPORE (Reuters) - Oil markets were stable on Friday as the Forties pipeline outage in the North Sea and ongoing OPEC-led production cuts supported prices, while rising output from the United States kept crude from rising further.

businessNews reuters.com

Asian shares slip, U.S. tax reform woes dent sentiment

TOKYO (Reuters) - Asian shares erased earlier modest gains on Friday but were still on track for a weekly rise, as sentiment was hurt by Wall Street's weakness on concerns about the progress of U.S. tax reform.

worldNews reuters.com

Australian abuse report calls for end to sanctity of confession

SYDNEY (Reuters) - Australia should introduce a law forcing religious leaders to report child abuse, including Catholic priests told of abuse in the confessional, said a report on Friday which detailed institutional abuse, particularly in the Catholic Church.

companyNews reuters.com

UPDATE 1-China regulators start antitrust review of Toshiba chip unit sale -report

* Formal anti-trust review process in China can take 180 days

worldNews reuters.com

Australian child abuse report calls for end to sanctity of confession, voluntary celibacy for clergy

SYDNEY (Reuters) - Australia should introduce a law forcing religious leaders to report child abuse, including Catholic priests who are told of abuse in the confessional, according to a report into institutional child abuse released on Friday.

cnn.com

Report: Trump asked about fate of Fox News in Disney-Fox deal

businessNews reuters.com

Oil stable on tighter market, but rising US output looms for 2018

SINGAPORE (Reuters) - Oil markets were stable on Friday as the Forties pipeline outage in the North Sea and the ongoing OPEC-led production cuts supported prices, while rising output from the United States kept crude from rising further.

worldNews reuters.com

Chile presidential hopefuls end campaigns before Sunday vote

SANTIAGO (Reuters) - Chile's presidential hopefuls ended their campaigns in downtown Santiago on Thursday ahead of an uncertain runoff election whose outcome will determine whether the world's top copper producer turns to the right or maintains its center-left track.

businessNews reuters.com

Asian shares edge up, on track for weekly gain

TOKYO (Reuters) - Asian shares edged higher on Friday, on track for weekly gains, though sentiment was kept in check by Wall Street's weakness on concerns about the progress of U.S. tax reform.

peopleNews reuters.com

Three more women accuse Dustin Hoffman of sexual misconduct: Variety report

LOS ANGELES (Reuters) - Three more women have accused Oscar-winning actor Dustin Hoffman of sexual misconduct, Hollywood trade publication Variety reported on Thursday, bringing to six the number of people accusing him of impropriety decades ago.

entertainmentNews reuters.com

Music producer Russell Simmons denies newspaper reports of sexual misconduct

NEW YORK (Reuters) - Music and film producer Russell Simmons faced new accusations of sexual misconduct from nine woman dating back to 1983, including four who alleged he raped them, and New York police have opened an investigation, police and U.S. newspapers said on Thursday.

entertainmentNews reuters.com

Three more women accuse Dustin Hoffman of sexual misconduct -Variety report

LOS ANGELES (Reuters) - Three more women have accused Oscar-winning actor Dustin Hoffman of sexual misconduct, Hollywood trade publication Variety reported on Thursday, bringing to six the number of people accusing him of impropriety decades ago.

businessNews reuters.com

More efficient SUVs a factor in product strategy: Ford CEO

DETROIT (Reuters) - Ford Chief Executive Jim Hackett said on Thursday the automaker is reviewing its product portfolio as consumers show a preference for sport utility vehicles that have fuel efficiencies closer to sedans.

businessNews reuters.com

Airbus planemaking chief Bregier to leave in February: sources

PARIS (Reuters) - Airbus planemaking chief Fabrice Bregier plans to leave the aerospace group after the board intervened to resolve tensions over the future succession to Chief Executive Tom Enders, sources familiar with the matter said on Thursday.

businessNews reuters.com

Uber investor departs venture firm amid harassment claims

SAN FRANCISCO (Reuters) - Silicon Valley investor Shervin Pishevar, known for his early bet on Uber Technologies Inc, said on Thursday that he would sever ties with his venture capital company, Sherpa Capital, after being accused of sexual misconduct.

businessNews reuters.com

Ford to move autonomous vehicle business to Detroit

(Reuters) - Ford Motor Co said on Thursday it would relocate its autonomous and electric vehicle units to Detroit from Dearborn, Michigan.

businessNews reuters.com

Murdoch bets live sports and news will boost new, smaller Fox

NEW YORK (Reuters) - Rupert Murdoch is banking on Americans' love of live sports and breaking news for a new, slimmed down version of his Fox TV business after selling the company's film studios and international operations to Walt Disney Co .

businessNews reuters.com

Wall St falls as investors fret about tax bill passage

NEW YORK (Reuters) - Major U.S. stock indexes fell on Thursday, with the S&P 500 down the most in a month, as investor worries over potential roadblocks to the Republicans' tax overhaul more than offset optimism over strong retail sales data.

businessNews reuters.com

Exclusive: Chevron nears Schlumberger deal to drill wells in Brazil: sources

RIO DE JANEIRO (Reuters) - Chevron Corp has reached preliminary agreement with oil services firm Schlumberger NV to drill six wells in a Brazilian offshore field, two sources said this week, in a bid to lift its output in the South American country after a 2011 oil spill there cut production.

businessNews reuters.com

Wiese resigns as Steinhoff chairman in wake of accounting scandal

BERLIN/JOHANNESBURG (Reuters) - South African tycoon Christo Wiese resigned on Thursday as chairman of Steinhoff , the latest setback for the retail group in the throes of an accounting scandal.

healthNews reuters.com

Social media may help chronically ill connect to doctors, fellow patients

(Reuters Health) - Social media groups that bring together patients, family, friends and healthcare providers can improve patients’ outlook and reduce their anxiety and depression, a recent U.S. study suggests.

companyNews reuters.com

Facebook to use its News Feed to push more videos to users

SAN FRANCISCO, Dec 14 (Reuters) - Facebook Inc said on Thursday it would begin to promote videos more prominently inside its News Feed, leveraging the social network's centerpiece product to build interest in episodic shows and compete more directly with YouTube.

businessNews reuters.com

Wall Street falls as investors fret about tax bill passage

(Reuters) - The S&P 500 and the Dow were lower on Thursday as investors worried about potential roadblocks to Republicans' tax overhaul, offseting their optimism over strong retail sales data.

businessNews reuters.com

Airbus planemaking chief Bregier to step down: sources

PARIS (Reuters) - Airbus Chief Operating Officer and planemaking chief Fabrice Bregier is expected to step down following a board meeting on Thursday to tackle management tensions at the aerospace group, two sources familiar with the matter said.

worldNews reuters.com

Mexico presidential front-runner taps finance minister choice

MEXICO CITY (Reuters) - The front-runner for Mexico's 2018 presidential election on Thursday said U.S.-trained economist Carlos Manuel Urzua was his choice for finance minister if he won the July election.

companyNews reuters.com

BRIEF-The Anschutz Foundation Reports 8.67 Pct Passive Stake In Regal Entertainment Group

* THE ANSCHUTZ FOUNDATION REPORTS 8.67 PERCENT PASSIVE STAKE IN REGAL ENTERTAINMENT GROUP AS OF DECEMBER 4 - SEC FILING Source text : http://bit.ly/2ksCETW Further company coverage:

businessNews reuters.com

Court reverses Dell buyout ruling that alarmed dealmakers

WILMINGTON, Del. (Reuters) - Delaware's Supreme Court ruled on Thursday that a lower court erred in finding that the 2013 buyout of computer maker Dell Inc was vastly underpriced, a ruling that had allowed hedge funds to wring extra cash from the deal.

Putin, Vladimir V nytimes.com

‘Are You Normal?’ Putin Asks U.S. Congress in Annual News Gathering

As much circus as news conference, the event provided the Russian president with a platform to bolster his campaign and to attack the United States.

businessNews reuters.com

Steinhoff says Christo Wiese steps down as chairman

BERLIN (Reuters) - Retail group Steinhoff , which is fighting for survival following its disclosure of accounting irregularities, said on Thursday that South African tycoon Christo Wiese has stepped down as chairman.

worldNews reuters.com

Saudis welcome U.N. report, U.S. stand on Iran's missile supplies to Yemen's Houthis: agency

DUBAI (Reuters) - Saudi Arabia on Thursday welcomed a United Nations report and a U.S. stand on Iran's missile supplies to Yemen's Houthis and demanded immediate action to hold Tehran accountable for its actions, state news agency SPA reported.

businessNews reuters.com

Pier 1 Imports slumps 30 percent; holiday optimism disappears

SAN FRANCISCO (Reuters) - Pier 1 Imports Inc's stock lost nearly a third of its value on Thursday and its main competitors' shares also fell after the furniture and home decorations retailer warned the holiday shopping season was not going well.

topNews reuters.com

'Bad news for our enemies': EU launches defense pact

BRUSSELS (Reuters) - European Union nations, now unfettered by Britain's decision to quit, achieved a 70-year-old ambition on Thursday to integrate their defenses, launching a pact between 25 EU governments to fund, develop and deploy armed forces together.

worldNews reuters.com

Chile presidential hopefuls wrap up campaigning ahead of Sunday vote

SANTIAGO (Reuters) - Chile's presidential hopefuls were to wrap up campaigning on Thursday, three days ahead of a tight runoff election whose outcome will determine whether the world's top copper producer will turn to the right or maintain its center-left track.

entertainmentNews reuters.com

Music producer Russell Simmons denies newspaper reports of new misconduct accusations

NEW YORK (Reuters) - Music and film producer Russell Simmons faced new accusations of sexual misconduct from nine woman in incidents dating back to 1983, including four who alleged that he raped them, according to separate reports in two U.S. newspapers.

businessNews reuters.com

S&P, Dow flat as healthcare losses offset by tech, media gains

(Reuters) - The S&P 500 and the Dow were trading flat in early afternoon on Thursday as losses in healthcare stocks such as Johnson & Johnson were offset by gains in shares of technology and consumer discretionary companies.

businessNews reuters.com

Sulzberger Jr to retire as NYT publisher by end of December

(Reuters) - Arthur Sulzberger Jr. will retire as publisher of the New York Times by the end of December and will be replaced by his son A.G. Sulzberger, the New York Times Co said on Thursday.

businessNews reuters.com

Disney buying Fox film, TV units for $52 billion in digital push

(Reuters) - Walt Disney Co has struck a deal to buy film, television and international businesses from Rupert Murdoch's Twenty-First Century Fox Inc for $52.4 billion in stock, giving the world's largest entertainment company an arsenal of shows and movies to combat growing digital rivals Netflix Inc and Amazon.com Inc.

companyNews reuters.com

UPDATE 2-European shares lag Wall Street, ECB provides no momentum

* Wind turbine makers boosted by U.S. tax development (Adds closing prices, quotes)

businessNews reuters.com

Delaware court reverses controversial Dell buyout ruling

WILMINGTON, Del (Reuters) - Delaware's Supreme Court ruled on Thursday that a lower court erred in its controversial finding last year that the 2013 buyout of computer maker Dell Inc was vastly underpriced.

businessNews reuters.com

Exclusive: Luxottica, Essilor tie-up on track for unconditional EU okay - sources

BRUSSELS (Reuters) - Italian eyewear maker Luxottica and French lens manufacturer Essilor are set to win unconditional EU antitrust approval for their 48 billion-euro ($57 billion) merger, two people familiar with the matter said on Thursday.

businessNews reuters.com

Renault revives Alpine production with 6,000-car capacity

DIEPPE, France (Reuters) - Renault has invested in plant capacity to build up to 6,000 sports cars annually under the revived Alpine brand, the company said on Thursday, as it formally opened the new production line in Dieppe, northern France.

businessNews reuters.com

Wall Street higher on optimism over tax bill, Fed's economic outlook

(Reuters) - Wall Street indexes hovered around record levels on Thursday, perked up by the Federal Reserve's upbeat view on the economy and news that the Republicans' tax code overhaul is set to face final votes in Congress before the year-end.

companyNews reuters.com

US STOCKS-Wall St higher on optimism over tax bill, Fed's economic outlook

* Weekly jobless claims fall; Nov. retail sales beat estimates

politicsNews reuters.com

U.S. Republican Representative Farenthold will not seek re-election: reports

WASHINGTON (Reuters) - Republican U.S. Representative Blake Farenthold will not seek re-election in November after allegations of sexual harassment and inappropriate behavior from former staffers, according to news reports on Thursday.

companyNews reuters.com

BRIEF-Sabby Management​ Reports 9.99 Pct Passive Stake In InspireMD

* SABBY MANAGEMENT​ REPORTS 9.99 PERCENT PASSIVE STAKE IN INSPIREMD AS OF DEC 12 - SEC FILING‍ Source text: (http://bit.ly/2zcFtkG) Further company coverage:

businessNews reuters.com

Spotify price tag rises ahead of filing for NYSE listing: sources

STOCKHOLM (Reuters) - The value of music streaming service Spotify, which is planning a stock market listing, has grown around 20 percent to at least $19 billion in the past few months, outperforming U.S. and European tech indexes, sources familiar with the matter said.

businessNews reuters.com

Wall Street climbs as tax reform enters last lap

(Reuters) - U.S. stocks climbed higher on Thursday, boosted by gains in technology and banking shares and aided by news that the Republicans' tax code overhaul should face final votes in Congress before the year-end.

businessNews reuters.com

Volkswagen says some employees cooperated with Brazil's military regime

FRANKFURT (Reuters) - Volkswagen said on Thursday that a historian commissioned by the carmaker found that some of the security staff at Volkswagen do Brasil had cooperated with the country's former military regime.

businessNews reuters.com

Wall Street opens higher as bank stocks gain

(Reuters) - Wall Street opened higher on Thursday, aided by gains in bank stocks and on news that the Republicans' tax overhaul plan was headed for final votes in Congress before the year-end.

businessNews reuters.com

Record number of Americans to travel during Christmas holiday: AAA

NEW YORK (Reuters) - U.S. travelers will hit the roads, rails and skies this Christmas holiday in their largest numbers on record, lured by cheap plane tickets and a growing economy, the nation's largest motor advocacy group said on Thursday.

Books and Literature nytimes.com

Books News: From Two Scholars, African-American Folk Tales for the Next Generation

In their new collection, Henry Louis Gates Jr. and Maria Tatar have reintroduced stories from the African diaspora.

businessNews reuters.com

Delta Air Lines to place order for Airbus jets

NEW YORK (Reuters) - Delta Air Lines said on Thursday it will place a firm order for 100 Airbus A321neo jets and an optional order for 100 of the aircraft. Delta, the No. 2 U.S. airline by passenger traffic, said in a filing with the U.S. Securities and Exchange Commission that it expects deliveries to begin in the first quarter of 2020, with new aircraft arriving through 2023.

businessNews reuters.com

Global stocks edge up amid central bank bonanza

LONDON (Reuters) - World shares eked out modest gains on Thursday as cautious comments on inflation from the U.S. Federal Reserve gave investors pause on a day packed with central bank decisions in Europe.

businessNews reuters.com

Disney to buy Fox film, some TV businesses for $52 billion

(Reuters) - Walt Disney Co has struck a deal to buy film, television and international businesses from Rupert Murdoch's Twenty-First Century Fox Inc for $52.4 billion in stock as the world's largest entertainment company seeks even greater scale to combat growing digital rivals Netflix Inc and Amazon.com Inc.

businessNews reuters.com

Stock futures up, eyes on Disney-Fox deal, bank stocks

(Reuters) - Wall Street was set for a slightly higher open on Thursday as traders focused on a $52.4 billion stock deal between Walt Disney and Twenty-First Century Fox and gains in shares of big banks.

businessNews reuters.com

Teva Pharm to lay off a quarter of workforce, suspends dividend

TEL AVIV (Reuters) - Teva Pharmaceutical Industries will cut its workforce by more than a quarter, give up many of its manufacturing plants and suspend its dividend on ordinary shares in a much-anticipated overhaul to help pay back its massive debt.

companyNews reuters.com

BRIEF-Transat A.T. Inc Reports Q4 Earnings Per Share C$3.97

* TRANSAT A.T. INC. - RESULTS FOR FOURTH QUARTER AND FISCAL 2017

businessNews reuters.com

Exclusive: EU regulators to clear Luxottica, Essilor deal without conditions - sources

BRUSSELS (Reuters) - Italy's Luxottica and French glasses group Essilor are set to win unconditional EU antitrust approval for their 48-billion-euro ($56.8 billion), two people familiar with the matter said on Thursday.

companyNews reuters.com

BRIEF-Kalvista Pharmaceuticals Reports Q2 Loss Per Share $0.50

* KALVISTA PHARMACEUTICALS REPORTS FISCAL SECOND QUARTER RESULTS

companyNews reuters.com

BRIEF-Allena Pharma Reports Q3 Loss Per Share $3.49

* ALLENA PHARMACEUTICALS REPORTS THIRD QUARTER 2017 FINANCIAL RESULTS AND PROVIDES BUSINESS UPDATE

businessNews reuters.com

Disney to buy Fox film, TV businesses for $52 billion

(Reuters) - Walt Disney Co on Thursday agreed to buy film, TV and international assets from Rupert Murdoch's Twenty-First Century Fox Inc for $52.4 billion as Disney seeks greater scale to tackle growing competition from Netflix and Amazon.com.

companyNews reuters.com

Bombardier forecasts 2018 revenue below Street estimates

Dec 14 (Reuters) - Canadian plane and train maker Bombardier Inc on Thursday forecast 2018 revenue to be $17.0 billion to $17.5 billion, well below Wall Street expectations.

healthNews reuters.com

Former Philippine President defends controversial dengue program

MANILA (Reuters) - Former Philippine President Benigno Aquino defended on Thursday his decision to implement a controversial immunization program using a new dengue vaccine in 2016, saying it was justified with millions of people at risk of being infected by the virus.

businessNews reuters.com

Siemens CEO sees group as 'fleet of ships': Manager Magazin

MUNICH (Reuters) - Siemens' chief executive sees the German group as a "fleet of ships", each thriving under its own steam, but rejects the idea of separate listings for its core factory-automation and energy businesses, he told Manager Magazin.

businessNews reuters.com

Norwegian Air ramps up transatlantic fare war with four new routes

NEW YORK (Reuters) - Norwegian Air Shuttle ASA will start flying four new routes between the United States and Europe, the budget carrier said on Thursday, rapidly expanding its low-cost transatlantic flights and increasing pressure on established carriers.

businessNews reuters.com

Investors call on Sanderson, Denny's, McDonald's to cut antibiotics

(Reuters) - An investor coalition that presses for corporate responsibility is calling on U.S. food companies McDonald's Corp, Denny's Corp and Sanderson Farms Inc to stop buying or producing meat raised with medically important antibiotics.

businessNews reuters.com

European stocks, euro dip as central banks dominate

LONDON (Reuters) - European shares and the euro dipped on Thursday as cautious comments on inflation from the U.S. Federal Reserve gave investors pause before a series of central bank decisions in Europe.

businessNews reuters.com

UK retailers enjoy bumper Black Friday sales

LONDON (Reuters) - British shoppers pounced on electrical goods and other Black Friday bargains last month, giving an unexpectedly big boost to retail sales, which contrasted with earlier signs of a subdued start to Christmas spending.

cnn.com

Reports: Journalist beaten by security

A reporter from South Korea was roughed up by Chinese security guards at an event South Korean President Moon was attending, according yo South Korean reports. The South Korean government is calling for an investigation. CNN's Ivan Watson and Matt Rivers report.

businessNews reuters.com

UK retailers enjoy bumper Black Friday sales: ONS

LONDON (Reuters) - British retail sales grew much faster than expected last month as shoppers took advantage of Black Friday bargains, official figures showed on Thursday, contrasting with more downbeat industry surveys.

topNews reuters.com

In-flight sexual assaults often unreported; airlines need to step up

SINGAPORE/NEW DELHI (Reuters) - When a 17-year-old Bollywood actress took to social media this week alleging she was sexually assaulted on an airplane, she appeared to catch the airline industry off-guard.

worldNews reuters.com

Six months on, London holds memorial for Grenfell fire victims

LONDON (Reuters) - Survivors of a fire that killed 71 people six months ago in the Grenfell Tower social housing block in west London will join firefighters and members of the royal family at a national memorial service at St Paul's Cathedral on Thursday.

businessNews reuters.com

PSA, Toyota lead European car sales gain, helped by extra selling day

BERLIN (Reuters) - European car sales rose 5.8 percent in November, helped by an extra selling day as PSA Group and Toyota posted the strongest gains among the region's major automakers, industry data published on Thursday showed.

businessNews reuters.com

Asia stocks slightly up after Fed move; dollar, U.S. yields sag

TOKYO (Reuters) - Asian stocks generally rose on Thursday after the Federal Reserve delivered a much-anticipated interest rate hike, while its caution on inflation tempered expectations for 2018 tightening, weighing on the dollar and Treasury yields.

businessNews reuters.com

South Korea prosecutors seek four-year jail term for Lotte group chief

SEOUL (Reuters) - South Korea's prosecutors are seeking a four-year jail term for Lotte Group chief Shin Dong-bin, the corporate group's spokesman said by telephone on Thursday.

businessNews reuters.com

Airbus executive says considering cuts to A380 production, still undecided

SINGAPORE (Reuters) - Airbus SE is considering cutting production of its A380 superjumbo to six or seven planes a year, but has made no final decision on the matter, a top executive said on Thursday amid growing question marks over the future of the double-decker jet.

Myanmar nytimes.com

Arrests of Reuters Reporters in Myanmar Add to Fears About Press Freedom

The two journalists, accused of trying to obtain official documents illegally, could face up to 14 years in prison.

companyNews reuters.com

GM says former UAW Vice President Joe Ashton to resign from board

Dec 13 (Reuters) - General Motors Co said on Wednesday Joseph Ashton, a former United Auto Workers vice president who led the union's GM department, has resigned from the company's board.

businessNews reuters.com

Fox's Star to bring Disney cash and cricket in India

(Reuters) - Walt Disney Co's expected deal with Twenty-First Century Fox Inc would give the world's best-known entertainment company new advantages in India, such as cricket rights and local-language TV shows for the fast-growing media market.

businessNews reuters.com

Asia stocks edge higher after Fed meeting; dollar, U.S. yields sag

TOKYO (Reuters) - Asian stocks edged higher on Thursday after the Federal Reserve delivered a much-anticipated interest rate hike but flagged caution about inflation, tempering expectations for future tightening, which weighed on the dollar and Treasury yields.

businessNews reuters.com

Republicans forge tax deal, final votes seen next week

WASHINGTON (Reuters) - Congressional Republicans reached a deal on final tax legislation on Wednesday, clearing the way for final votes next week on a package that would slash the U.S. corporate tax rate to 21 percent and cut taxes for wealthy Americans.

businessNews reuters.com

Bumper crop of new drugs fails to lift big pharma R&D returns

LONDON (Reuters) - It is shaping up to be a bumper year for drug approvals, with U.S. officials clearing twice as many novel medicines as in 2016, yet returns on research investment at leading pharmaceutical companies are down.

businessNews reuters.com

Disney deal set to value Fox at more than $75 billion: source

(Reuters) - Walt Disney Co's deal to buy film, television and international businesses from Rupert Murdoch's Twenty-First Century Fox Inc will value the latter at over $40 per share, or $75 billion, a person familiar with the matter said.

businessNews reuters.com

Dutch-Belgian supermarket to battle Amazon on two fronts

ZAANDAM, Netherlands (Reuters) - Unlike investors who sold off rival food retail stocks in response to Amazon's plan to buy Whole Foods, Ahold Delhaize boss Dick Boer took the news in stride.

businessNews reuters.com

Delta may place order for 100 Airbus A321neo jets: sources

PARIS/NEW YORK (Reuters) - Delta Air Lines looked close on Wednesday to placing an order for 100 Airbus A321neo jets in a boost for the European planemaker as it tries to narrow a 2017 order gap against Boeing , two people familiar with the matter said.

businessNews reuters.com

U.S. Republicans craft tax deal, final votes seen next week

WASHINGTON (Reuters) - Congressional Republicans reached a deal on final tax legislation on Wednesday, clearing the way for final votes next week on a package that would slash the U.S. corporate tax rate to 21 percent and cut taxes for wealthy Americans.

businessNews reuters.com

Ford to shift midsize sedan production out of Mexico: sources

(Reuters) - Ford Motor Co has told suppliers it plans to shift production of midsize Fusion and Mondeo sedans out of Mexico and Spain in 2020 and move it to China, three sources said on Wednesday.

companyNews reuters.com

BRIEF-Nordson Corp Reports Q4 GAAP EPS $1.37

* ORATION REPORTS FISCAL YEAR 2017 FOURTH QUARTER AND FULL YEAR RESULTS

companyNews reuters.com

BRIEF-Innovative Solutions & Support Reports Q4 Loss Per Share $0.01

* INNOVATIVE SOLUTIONS & SUPPORT, INC. ANNOUNCES FOURTH QUARTER AND FISCAL 2017 FINANCIAL RESULTS

businessNews reuters.com

Wall Street mixed as financials drag after Fed rate hike

NEW YORK (Reuters) - The S&P 500 ended slightly lower on Wednesday pressured by the financial sector after the Federal Reserve announced a widely expected interest rate hike but kept its rate outlook for coming years even as it projected faster U.S. economic growth.

businessNews reuters.com

Fed lifts interest rates, keeps 2018 policy outlook unchanged

WASHINGTON (Reuters) - The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, as anticipated, but left its rate outlook for the coming years unchanged even as policymakers projected a short-term acceleration in U.S. economic growth.

businessNews reuters.com

Lockheed Martin may top Boeing in race to supply Canada jets: experts

OTTAWA (Reuters) - Canada's decision to make it harder for Boeing Co to win a major jet order hands rival plane maker Lockheed Martin Corp an advantage in capturing the contract, defense experts said on Wednesday.

businessNews reuters.com

U.S. court removes creditor hurdle to a Westinghouse bankruptcy plan

WILMINGTON, Del. (Reuters) - A U.S. judge shot down on Wednesday a request by creditors of Westinghouse Electric Co LLC for a bigger role in the nuclear technology company's bankruptcy just days after its parent company Toshiba Corp proposed a restructuring plan.

businessNews reuters.com

WTO to end meeting with no deals after U.S. rebukes

BUENOS AIRES (Reuters) - Trade ministers looked set to wrap up their biennial World Trade Organization (WTO) meeting on Wednesday without any new agreements after criticism of the agency by the United States, once the WTO's driving force.

businessNews reuters.com

Wall Street extends gains slightly after expected Fed rate hike

NEW YORK (Reuters) - The three major U.S. stock indexes were higher on Wednesday after the Federal Reserve raised U.S. interest rates by a quarter percentage point, as anticipated, but left its rate outlook for the coming years unchanged even as policymakers projected a short-term acceleration in U.S. economic growth.

businessNews reuters.com

Lockheed Martin could beat Boeing in race to supply Canada jets

OTTAWA (Reuters) - Canada's decision to make it harder for Boeing Co to win a major jet order hands rival plane maker Lockheed Martin Corp an advantage in capturing the contract, defense experts said on Wednesday.

News and News Media nytimes.com

Schumer Files Police Report After Fraudulent Document Emerges

A document that looks like a court filing suggests Senator Chuck Schumer harassed a staff member, but the staff member said any such claims are false.

businessNews reuters.com

Fed raises interest rates, keeps 2018 policy outlook unchanged

WASHINGTON (Reuters) - The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, as anticipated, but left its rate outlook for the coming years unchanged even as policymakers projected a short-term acceleration in U.S. economic growth.

companyNews reuters.com

US STOCKS-Wall St extends gains slightly after expected Fed rate hike

* U.S. consumer prices rise 0.4 pct in Nov, in line with estimates

businessNews reuters.com

Exclusive: Saudi Aramco to push ahead with market share, expansion strategy - CEO

DAMMAM, Saudi Arabia (Reuters) - Saudi Aramco, the world's largest oil producer, aims to regain its lost market share after the OPEC-led supply-cut pact ends and plans to push ahead with a downstream expansion strategy to be on par with Big Oil, its chief executive said on Wednesday.

businessNews reuters.com

Congress secures tax deal, Trump backs 21-percent corporate rate

WASHINGTON (Reuters) - Congressional Republicans have reached a deal on final tax legislation, the U.S. Senate's top Republican tax writer said on Wednesday, with President Donald Trump saying he would back a sharply lowered corporate tax rate of 21 percent.

businessNews reuters.com

Exclusive: Ford to base Fusion production in China, ship to U.S. - sources

(Reuters) - Ford Motor Co plans to consolidate global production of midsize sedans in China in 2020 and ship them to the United States and Europe, three sources said on Wednesday.

businessNews reuters.com

Senate secures tax deal, Trump backs 21-percent corporate rate

WASHINGTON (Reuters) - Congressional Republicans have reached a deal on final tax legislation, the top Senate Republican tax writer said on Wednesday, with President Donald Trump saying minutes later he would back a corporate tax rate of 21 percent.

businessNews reuters.com

Industrial stocks drive Wall Street higher; Fed decision eyed

(Reuters) - A surge in shares of Caterpillar and Boeing lifted the Dow industrials to record level in early afternoon trading on Wednesday, ahead of a widely-expected interest rate hike by the Federal Reserve.

companyNews reuters.com

US STOCKS-Industrial stocks drive Wall St higher; Fed decision eyed

* U.S. consumer prices rise 0.4 pct in Nov, in line with estimates

businessNews reuters.com

Republicans reach deal on final tax legislation

WASHINGTON (Reuters) - Congressional Republicans have reached a deal on final tax legislation, the top Senate Republican tax writer said on Wednesday, an achievement that would clear the way for final votes in the Senate and House of Representatives next week.

domesticNews reuters.com

N.Y. power seen sufficient after Indian Point nuclear retirement: report

(Reuters) - New York's power grid operator said on Wednesday the state should have enough electricity after the closure of two reactors at the Indian Point nuclear power plant in 2020 and 2021, as new sources of mostly natural gas-fired generation enter service.