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Political risk on Wall Street? Buy the dip!

businessNews reuters.com

SAN FRANCISCO (Reuters) - An abrupt stock selloff on Friday, sparked by a report that magnified concerns about President Donald Trump's potential links with Russia, prompted Wall Street's favorite reaction in recent months: "Buy the dip." [Source]

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GM urges judge to throw out disputed ignition switch deal

(Reuters) - Lawyers for General Motors on Monday urged a federal bankruptcy judge in Manhattan to throw out a settlement that would require the company to pay $1 billion to car owners suing over faulty ignition switches.

businessNews reuters.com

Boeing-Bombardier dispute ramps up at U.S. trade hearing

WASHINGTON (Reuters) - Boeing Co and Bombardier Inc battled on Monday over the U.S. planemaker's claim that its Canadian rival used billions of dollars in illegal government subsidies and dumped its newest jetliner in the United States below cost.

businessNews reuters.com

Nasdaq tops 7,000 for first time on rising tax-cut hopes

(Reuters) - The Nasdaq surpassed the 7,000-point mark for the first time in early afternoon on Monday, while the S&P and the Dow were at record levels on rising optimism among traders that Republican promise of lower corporate tax rates would soon be a reality.

companyNews reuters.com

BRIEF-Opic Board Approves $400 Mln In Financing, Political Risk Insurance For Wind Power Project In Ukraine

* OVERSEAS PRIVATE INVESTMENT CORP - OPIC BOARD APPROVES $400 MILLION IN FINANCING, POLITICAL RISK INSURANCE FOR WIND POWER PROJECT IN UKRAINE

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Barclays proposes alternative Seadrill restructuring plan-court filing

OSLO (Reuters) - British bank Barclays Plc has submitted an alternative proposal to restructure Seadrill , the oil rig company said in a U.S. court filing.

cnn.com

'Star Wars: The Last Jedi' leans into political fray

The film touches on some hot-button political issues by dealing with the super-rich and offering an egalitarian message. (Spoilers)

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Buffett's latest milestone: Berkshire stock hits $300,000

NEW YORK (Reuters) - Berkshire Hathaway Inc's stock price touched $300,000 for the first time on Monday, reflecting investors' confidence in Warren Buffett's conglomerate despite four straight quarters of lower operating profit.

businessNews reuters.com

Wall St jumps on tax-cut hopes, M&A flurry

(Reuters) - Major U.S. stock indexes hit record highs in a broad rally on Monday as the long-awaited bill to lower taxes looked set to be passed into law and a flurry of dealmaking buoyed sentiment.

cnn.com

A Pierce County, Washington official tweeted that 'injuries and casualties reported, numbers to come'

companyNews reuters.com

US STOCKS-Wall St jumps on tax-cut hopes, M&A flurry

* Indexes up: Dow 0.7 pct, S&P 0.6 pct, Nasdaq 0.8 pct (Changes comment, updates prices, adds details)

businessNews reuters.com

EU's top court to decide whether Uber is a digital app or a taxi service

BRUSSELS (Reuters) - A debate in Europe over whether ride-hailing app Uber [UBER.UL] is merely a digital company or one providing transport services will be decided when the top European Union court hands down its verdict on Wednesday in a highly anticipated case.

businessNews reuters.com

Record highs on Wall St, driven by tax bill hopes, M&A flurry

(Reuters) - The major U.S. stock indexes hit record highs in a broad rally on Monday as the long-awaited bill to lower taxes looked set to be passed into law and buoyed by about $11 billion in corporate dealmaking.

cnn.com

Stocks surge over Wall Street's Christmas gift -- a bill cutting corporate taxes that Trump could sign this week

companyNews reuters.com

US STOCKS-Record highs on Wall St, driven by tax bill hopes, M&A flurry

* Indexes up: Dow 0.76 pct, S&P 0.64 pct, Nasdaq 0.69 pct (Updates to open)

technologyNews reuters.com

Uber's operating license in UK city Cambridge extended for five years-report

LONDON (Reuters) - The university city of Cambridge extended Uber's operating license for five years, Cambridge News reported on Monday, in a rare boost for the taxi app which is battling to keep its cars on the road in London.

topNews reuters.com

U.S. appeals judge steps down amid harassment inquiry: report

WASHINGTON (Reuters) - A federal appeals judge based in San Francisco is retiring immediately following an inquiry by the court's chief judge over sexual harassment allegations, the Washington Post reported on Monday.

businessNews reuters.com

Wall Street hits records on tax bill hopes, M&A flurry

(Reuters) - Wall Street's three main indexes opened at record highs on Monday as the long-awaited tax overhaul plan looked set for legislation and a flurry of year-end corporate dealmaking that has topped $11 billion so far buoyed optimism.

companyNews reuters.com

US STOCKS SNAPSHOT-Wall St hits records on tax bill hopes, M&A flurry

Dec 18 (Reuters) - Wall Street's three main indexes opened at record highs on Monday as the long-awaited tax overhaul plan looked set for legislation and a flurry of year-end corporate dealmaking that has topped $11 billion so far buoyed optimism.

businessNews reuters.com

Exchange giant CME's bitcoin futures get tepid take-up in debut

NEW YORK/LONDON/SYDNEY (Reuters) - Bitcoin futures got a muted reception after their debut on CME Group late on Sunday, with volumes in the tens of millions of dollars in the first 12 hours of trading, as warnings about the risks of bitcoin sounded ever louder.

businessNews reuters.com

Twitter to put warnings before swastikas, other hate images

SAN FRANCISCO (Reuters) - Twitter Inc said on Monday it would begin putting a warning in front of pictures that show Nazi swastikas and other items it determines are hateful imagery, as well as ban their use in any profile photos on the social media network.

businessNews reuters.com

Odey adds to Sky disquiet following Disney's deal with Fox

LONDON (Reuters) - Hedge fund manager Crispin Odey has argued that Sky should fetch a higher price following Walt Disney Co's $52 billion deal with Twenty-First Century Fox Inc. , adding to shareholder disquiet about the fate of the European broadcaster.

businessNews reuters.com

Nestle sells two iced tea brands in North America

ZURICH (Reuters) - Nestle has sold two of its iced tea brands in North America as the world's biggest food maker presses ahead with reshaping its business to focus on new trends and consumer healthcare.

businessNews reuters.com

Apple ups iPhone prices in India as tax increase makes imports costlier

MUMBAI (Reuters) - Apple Inc has increased the prices of most of its iPhone models sold in India after the government last week raised taxes on imported phones in a bid to boost domestic manufacturing.

businessNews reuters.com

Hershey to buy Amplify Snack in $1.6 billion bet on healthy snacks

(Reuters) - U.S. candy maker Hershey Co said on Monday it would buy SkinnyPop popcorn maker Amplify Snack Brands in a deal valued at $1.6 billion, including debt, to gain a firmer footing in the fast-growing market for healthy snacks.

businessNews reuters.com

Casino operator Penn National to buy Pinnacle in $2.8 billion deal

(Reuters) - U.S. casino operator Penn National Gaming Inc said on Monday it would buy Pinnacle Entertainment Inc in a cash and stock deal valued at about $2.8 billion to create a larger-scale gaming platform.

worldNews reuters.com

Police search Finnish reporter's home after security article

HELSINKI (Reuters) - Finnish police searched a reporter's home and seized her computer after she tried to destroy the hard drive to protect sources linked to a security story, her newspaper reported.

businessNews reuters.com

Stock futures gain on rising tax bill hopes, corporate dealmaking

(Reuters) - U.S. stock index futures were higher on Monday, set to push Wall Street to new records, buoyed as the long-awaited tax overhaul plan looked set for legislation and by a flurry of year-end dealmaking topping $10 billion so far.

businessNews reuters.com

Saudi Aramco hires Citi to lead $2 billion UK-backed loan: sources

LONDON/DUBAI (Reuters) - Saudi Aramco [IPO-ARMO.SE] has appointed U.S. investment bank Citi to lead a $2 billion financing backed by Britain, sources familiar with the deal said.

businessNews reuters.com

Campbell Soup to buy snacks maker Snyder's-Lance for $4.87 billion

(Reuters) - Campbell Soup Co will buy Pretzels and Cape Cod chips maker Snyder's-Lance Inc for $4.87 billion as it looks to expand its snack business amid sagging soup sales.

businessNews reuters.com

Hershey to buy SkinnyPop parent Amplify Snack for $1.6 billion

(Reuters) - Hershey Co said on Monday it would buy SkinnyPop popcorn maker Amplify Snack Brands in a deal valued at $1.6 billion, including debt, to bolster its healthy snacks unit.

businessNews reuters.com

CSX falls on CEO death; investors seek turnaround clarity

(Reuters) - CSX Corp's shares slipped more than 5 percent on Monday on news of Chief Executive Hunter Harrison's death, leaving investors worried about the No.3 U.S. railroad's turnaround plan under acting CEO Jim Foote.

businessNews reuters.com

Thales' 4.8 billion-euro bid for Gemalto gets thumbs up from investors

PARIS (Reuters) - Shares in defense group Thales rose on Monday after chipmaker Gemalto accepted the French company's 4.8 billion euro ($5.66 billion) takeover bid to create a leader in digital security.

businessNews reuters.com

Thai beer magnate extends SE Asia push with $4.8 billion Sabeco deal

Ho CHI MINH CITY/SINGAPORE (Reuters) - Thai Beverage has won an auction to buy a majority stake worth $4.84 billion in Vietnam's top brewer Sabeco , a lofty deal that adds a major asset to the beer-to-property empire of Thai magnate Charoen Sirivadhanabhakdi.

businessNews reuters.com

EU regulators to investigate Ikea's Dutch tax deals

BRUSSELS (Reuters) - EU state aid regulators will investigate whether Swedish furniture retailer Ikea's [IKEA.UL] tax arrangement with Dutch tax authorities helped cut its tax bill, the latest crackdown on unfair tax deals between multinationals and EU countries.

businessNews reuters.com

Solid Power, BMW partner to develop next-generation EV batteries

(Reuters) - U.S. EV battery company Solid Power said on Monday it had partnered with Germany's BMW AG to develop the next-generation solid-state battery technology for use in electric vehicles (EVs).

businessNews reuters.com

German Vonovia climbs property ladder with $6.1 billion Buwog deal

FRANKFURT (Reuters) - Vonovia , Germany's biggest residential property company, has agreed to buy Austrian counterpart Buwog in a cash deal valuing the latter at 5.2 billion euros ($6.12 billion), the two companies said on Monday.

businessNews reuters.com

Hedge fund manager Hohn won't attend LSE vote - source

LONDON (Reuters) - British hedge fund manager Christopher Hohn will not attend a vote on the motion brought by his firm to oust London Stock Exchange chairman Donald Brydon, a source close to the firm told Reuters.

businessNews reuters.com

U.S. tax cut outlook drives stocks but dents dollar

LONDON (Reuters) - Global stock markets hit record highs on Monday on expectations that a U.S. tax bill could soon pass, though a more cautious reading of the draft law's prospects among currency traders put the dollar under pressure.

businessNews reuters.com

Workers at Israel's Teva Pharm block roads, continue protest over job cuts

JERUSALEM (Reuters) - Workers at Israel's Teva Pharmaceutical Industries protested pending job cuts for a second straight day on Monday, blocking roads and shutting down a number of the drugmaker's plants nationwide.

businessNews reuters.com

Fiat Chrysler recalls 10,355 Jeep Grand Cherokee SUVs in Russia

MOSCOW (Reuters) - Italian-American carmaker Fiat Chrysler Automobiles NV will recall 10,355 Jeep Grand Cherokee sports utility vehicles sold in Russia to verify if their brake-booster shields were installed properly, Russia's standards agency said on Monday.

businessNews reuters.com

Lockheed hits 2017 F-35 delivery target despite production hiccups

(Reuters) - Lockheed Martin Corp said that it hit its 2017 target to deliver 66 F-35 fighter jets to the U.S. and its allies last week, despite production problems as the defense contractor built 40 percent more jets this year.

businessNews reuters.com

Buwog agrees to be taken over by Vonovia in $6.1 billion deal

FRANKFURT (Reuters) - Germany's Vonovia has agreed to buy Buwog in a cash deal valuing the Austrian real estate company at 5.2 billion euros ($6.12 billion), the two companies said on Monday.

businessNews reuters.com

Thai Beverage unit wins auction to buy 54 percent stake in Sabeco

HO CHI MINH CITY (Reuters) - A unit of Thai Beverage won the auction to buy a $5 billion or 54 percent stake in top brewer Sabeco in the country's biggest ever privatization process, an official from the Ho Chi Minh City Stock Exchange said on Monday.

businessNews reuters.com

France files complaint against Amazon for abuse of dominant position: paper

PARIS (Reuters) - The French government has filed a complaint with the Paris Commerce Court against e-commerce company Amazon for abusing its dominant position with some suppliers, newspaper Le Parsien said on Monday.

businessNews reuters.com

Toyota to make over 10 battery EV models in early 2020s

TOKYO (Reuters) - Toyota Motor Corp on Monday said it will market more than 10 all-electric vehicle (EV) models globally in the early 2020s, and that investment to develop their batteries is likely to exceed $13 billion (1.5 trillion yen) through 2030.

businessNews reuters.com

Nestle sells off tea brands in North America

ZURICH (Reuters) - Nestle has sold its sold two of its tea brands in North America as the world's biggest food maker presses ahead with reshaping its business to focus on new consumer trends and healthcare.

businessNews reuters.com

Hitachi aims double-digit margin by 2021, not interested in GE assets: CEO

TOKYO (Reuters) - The head of Japan's Hitachi Ltd said the company was aiming to improve its operating margin to double digits by fiscal 2021 from current levels of around 7 percent.

businessNews reuters.com

Asian shares rise on U.S. tax cut hopes; China in focus

SYDNEY (Reuters) - Asian shares edged up on Monday, with sentiment boosted by expectations U.S. lawmakers will pass a long-awaited tax bill this week, while Chinese stocks were soggy on concerns about liquidity and tighter regulations in the world's second largest economy.

businessNews reuters.com

To thwart Amazon, Kroger and Walmart lure shoppers with curbside pickup

LOS ANGELES (Reuters) - As Amazon.com looks to upend the U.S. grocery market with home delivery, some veteran supermarket operators are betting on a different strategy: curbside pickup. Americans have long loved the convenience of drive-through service for burgers and coffee. Kroger Co and Walmart Inc are tweaking that formula for groceries.

businessNews reuters.com

Hershey nears $1.6 billion deal to buy Amplify Snacks: CNBC

(Reuters) - Hershey Co , the maker of Reese's Peanut Butter Cups and Hershey's Kisses, is nearing a deal to buy SkinnyPop parent Amplify Snack Brands for $1.6 billion, CNBC reported on Monday.

businessNews reuters.com

Tiny stem cell companies close in on major heart disease goals

NEW YORK (Reuters) - The early hope that stem cell therapy would make the paralyzed walk, the blind see and cure diabetes have given way to a long list of failures, highlighted by early stem cell champion Geron Corp abandoning the field in 2011.

companyNews reuters.com

PRESS DIGEST -Wall Street Journal - Dec 18

Dec 18 (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

Asian shares rise amid U.S. tax cut hopes; China in focus

SYDNEY (Reuters) - Asian shares edged up on Monday, with sentiment boosted by expectations U.S. lawmakers will pass a long-awaited tax bill, while Chinese stocks were soggy after the country's central bank raised interest rates.

businessNews reuters.com

Asian shares rise amid U.S. tax cut hopes; pound struggles

SYDNEY (Reuters) - Asian shares inched up on Monday, tracking Wall Street, which hit record highs on expectations U.S. lawmakers will pass a long-awaited tax bill, while the British pound hovered near 3-week lows amid Brexit talks.

businessNews reuters.com

Oracle Corp to buy Australia's Aconex for $1.19 billion

Sydney (Reuters) - Australia's Aconex Ltd said on Monday it had received a A$1.56 billion ($1.2 billion), or A$7.80 in cash-per-share, buyout offer from U.S. software major Oracle Corp , sending the target's share price up 45 percent.

businessNews reuters.com

South Korea trade ministry says ready to begin renegotiating U.S. trade pact

SEOUL (Reuters) - South Korea's trade ministry said on Monday it had reported to parliament a plan to renegotiate the 2012 free trade agreement (FTA) with the United States after President Donald Trump threatened earlier this year to scrap the accord unless it was revised.

businessNews reuters.com

Bitcoin hits bigger stage as exchange giant CME launches futures

NEW YORK (Reuters) - CME Group Inc, the world's largest derivatives exchange operator, began trading bitcoin futures on Sunday, with the contract opening at what is currently its session high and dropping over 6 percent within the first half hour.

businessNews reuters.com

Air Berlin receiver says optimistic on last-minute rescue for Niki: Sueddeutsche

FRANKFURT (Reuters) - A receiver of insolvent German airline Air Berlin told a newspaper he is optimistic about the sales process of the airline's subsidiary Niki after a number of would-be investors stepped forward under a fast-approaching deadline.

businessNews reuters.com

Aconex receives $1.19 billion takeover offer from Oracle Corp

(Reuters) - Aconex Ltd said on Monday it had received a A$1.56 billion ($1.19 billion), or A$7.80 in cash per share, buyout offer from U.S. software major Oracle Corp .

businessNews reuters.com

Humana in talks to buy Kindred Healthcare with equity firms: source

NEW YORK (Reuters) - U.S. health insurer Humana Inc is in advanced talks to acquire acute care provider Kindred Healthcare Inc in partnership with private equity firms Welsh, Carson, Anderson & Stowe and TPG, a source familiar with the matter said on Sunday.

Art nytimes.com

After Moving Into the Neighborhood, a Store Walls Off ‘Spirit of Harlem’

When Footaction, a sneaker chain, moved into a corner storefront, it covered up a glass mosaic. Word of the mural’s absence spread quickly.

businessNews reuters.com

Niki Lauda says will be ready to bid for Niki airline on Dec 20: Handelsblatt

FRANKFURT (Reuters) - Former motor racing driver Niki Lauda aims to bid for the Austrian Niki airline, which he founded in 2003, next Wednesday, he said in a newspaper report, formally adding himself to the list of interested parties.

businessNews reuters.com

U.S. employers say CVS-Aetna deal would affect health-benefits decisions: survey

NEW YORK (Reuters) - CVS Corp’s proposed purchase of Aetna Inc will affect decision-making by a majority of large and mid-size U.S. corporations on employee health benefits, a survey by benefits consultant Aon Plc found.

businessNews reuters.com

Thai Bev's unit seeks to buy a near $5 billion stake in Sabeco

Ho CHI MINH CITY/SINGAPORE (Reuters) - Vietnam's trade ministry said on Sunday that Vietnam Beverage Co Ltd, a unit of Thai Beverage , was the only investor seeking to buy all shares of Vietnamese brewer Sabeco on offer worth nearly $5 billion.

worldNews reuters.com

Italy's ruling PD party slips further in polls, newspaper reports

MILAN (Reuters) - Italy's ruling Democratic Party (PD) has lost further ground over its rivals after political infighting and fallout from a banking scandal, an opinion poll showed on Sunday.

businessNews reuters.com

Vietnam to name buyer of up to $5 billion stake in top brewer Sabeco

Ho CHI MINH CITY/SINGAPORE (Reuters) - Vietnam is set to auction an up to $5 billion stake in top brewer Sabeco on Monday, with Thai Beverage the only potential bidder to have expressed interest in a majority stake.

businessNews reuters.com

Second bitcoin futures debut could lure volume to wild market

NEW YORK (Reuters) - Bitcoin investors expect futures volumes to perk up when CME Group Inc, the world's largest derivatives exchange operator, launches its own contract to wager on the cryptocurrency on Sunday.

companyNews reuters.com

RPT-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

U.S. renewable energy 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.

businessNews reuters.com

CSX CEO Harrison dies months into railroad'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 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.

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."

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

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.

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.

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.

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.

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.

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.

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.

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-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.

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.

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.

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.

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.

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.

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:

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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.

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