NEW YORK, (Reuters) - Wall Street's fear of missing out on a relentless rally appears to be trumping rising political risk in a high-stakes December in Washington. [Source]
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.
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.
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.
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.
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.
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.
(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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
NEW YORK (Reuters) - CVS Corpâ€™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.
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.
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.
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.
SANTIAGO (Reuters) - A mudslide on Saturday tore through a small village in southern Chile near a popular national park, leaving five people dead and at least 15 missing after a night of torrential downpours, authorities said.
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.
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.
SANTIAGO (Reuters) - A mudslide tore through a small village near a popular national park in southern Chile on Saturday, leaving three people dead and 15 missing after a night of torrential downpours, authorities said.
(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.
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.
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
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.
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.
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.
NEW YORK (Reuters) - New York's poorest neighborhoods are home to the city's student borrowers under the most stress, according to a central bank report released on Friday showing "troublingly high" loan default and delinquency rates mainly in the Bronx and Brooklyn.
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.
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.
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.
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.
(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.
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.
(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.
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.
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.
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.
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.
(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.
(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.
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.
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.
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.
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.
SAO PAULO (Reuters) - EmÃlio 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.
(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 .
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.
(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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
NEW YORK (Reuters) - New York and New Jersey on Thursday committed $1.75 billion and $1.9 billion, respectively, to fund a new rail tunnel underneath New York's Hudson River, part of an urgent program to expand and renovate Amtrak's aging and heavily traveled Northeast Corridor line.
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.
WASHINGTON (Reuters) - A U.S. regulatory panel on Thursday called for watchdogs to closely monitor risks created by financial innovation, warning that "fintech" and virtual currencies such as bitcoin threaten to disrupt the traditional financial services industry.
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 .
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.
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.
NEW YORK (Reuters) - The New York Times on Thursday named a new publisher in 37-year-old A.G. Sulzberger, a fifth-generation descendant of Times leaders whose internal report on innovation has guided a newspaper known as "The Gray Lady" into the digital era.
NEW YORK, Dec 14 (Reuters) - The New York Times on Thursday named a new publisher in 37-year-old A.G. Sulzberger, a fifth-generation descendant of Times leaders whose internal report on innovation has guided a newspaper known as "The Gray Lady" into the digital era.
WASHINGTON, Dec 14 (Reuters) - New York Attorney General Eric Schneiderman and at least two other state law enforcement chiefs said on Thursday he would lead a multi-state legal challenge to the U.S. Federal Communications Commission vote to reverse landmark 2015 net neutrality rules.
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.
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.
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.
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.
WASHINGTON, Dec 14 (Reuters) - New York Attorney General Eric Schneiderman said on Thursday he would lead a multi-state legal challenge to the U.S. Federal Communications Commission vote to reverse landmark the 2015 net neutrality rules.
(Reuters) - Mehmet Hakan Atilla, a Turkish banker accused of taking part in a scheme to help Iran evade U.S. sanctions, plans to testify in his own defense at his trial in New York, his lawyers said Thursday.
(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.
(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.
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.
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.
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.
(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.
BRUSSELS (Reuters) - Theresa May said on Thursday she was on course to deliver Brexit and a new partnership with the European Union, shrugging off a parliamentary defeat that could weaken her hand as the decisive phase of talks begins.
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.
(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.
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.
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.
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.
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.
(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.
(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.
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.
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.
(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.
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.
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.
(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.
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.
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.
Visit the New York City that could have been in this 360 video and explore the exhibition at the Queens Museum called â€œNever Built New York,â€ showcasing hundreds of projects that could have dramatically changed the look of the city.
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.
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.
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.
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.
(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.
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.
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.
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.
(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.
WASHINGTON (Reuters) - Internet service providers clashed with Democrats and celebrities like "Star Wars" actor Mark Hamill ahead of a vote on the Trump administration's plan to revoke net neutrality rules barring the blocking or slowing of internet traffic.
NEW YORK (Reuters) - A former elected official of a New York City suburb was sentenced to 2-1/2 years in prison on Wednesday following his conviction in what U.S. prosecutors have called the first criminal securities fraud case brought over municipal bonds.
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.
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.
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.
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.
NEW YORK (Reuters) - The Bangladeshi man accused of attempting a suicide bombing in a busy New York City commuter hub will remain in federal custody while he awaits trial on charges that include supporting a foreign terrorist organization, a judge ruled on Wednesday.
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.
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.
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.
WASHINGTON (Reuters) - No negotiations can be held with North Korea until it improves its behavior, a White House official said on Wednesday, raising questions about U.S. Secretary of State Rex Tillerson's offer to begin talks with Pyongyang anytime and without pre-conditions.
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.
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.
TEL AVIV (Reuters) - Reports that Teva Pharmaceutical Industries is planning a restructuring involving mass layoffs in Israel sparked calls on Wednesday for a half-day general strike to be held in protest.
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.