News Trends, News Analysis, News Archive.



Related Articles

politicsNews reuters.com

No. 2 U.S. Senate Republican expects tax bill will pass, eyes Tuesday

WASHINGTON (Reuters) - John Cornyn, the No. 2 U.S. Senate Republican, said on Sunday he was confident Republicans would pass a tax overhaul bill this week.

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.

technologyNews reuters.com

Thales agrees 4.8 billion euro Gemalto takeover to trump rival French bid

PARIS (Reuters) - Aerospace and defense group Thales has agreed to buy chipmaker Gemalto for 4.8 billion euros ($5.6 billion), trumping an earlier bid by fellow French firm Atos to take aim at a fast-growing digital security market.

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

Palestinian billionaire Masri released by Saudis; says they 'gave him all respect'

AMMAN (Reuters) - Sabih al Masri, a Palestinian billionaire and Jordan's most influential businessman, was released after several days of detention in Saudi Arabia, who he said gave him "all respect".

worldNews reuters.com

Billionaire, former journalist face off for Chile presidency

SANTIAGO (Reuters) - Chileans vote in an uncertain runoff presidential election on Sunday that will determine if the world's top copper producer stays on its center-left course or joins a tide of Latin American nations turning to the right in recent years.

worldNews reuters.com

Palestinian billionaire Masri released by Saudis, to leave country soon, sources close to family say

AMMAN (Reuters) - Jordan's most influential businessman, the Palestinian billionaire Sabih al-Masri, returned to his home in Riydah after being detained by Saudi authorities and is expected to be allowed to leave the country soon, sources close to the family said 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.

Sexual Harassment nytimes.com

Tax Bill Would Curb Breaks for Sexual Abuse Settlements

Companies will have to pay more in taxes if they use nondisclosure agreements, but experts say it isn’t likely to deter businesses from seeking confidentiality.

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.

Tax Credits, Deductions and Exemptions nytimes.com

What’s in the Tax Bill, and How It Will Affect You

Several expected changes made the final cut, including a big increase in the standard deduction and a reduction in state and local income tax breaks.

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.

Federal Taxes (US) nytimes.com

The Winners and Losers in the Tax Bill

President Trump has called the tax cuts a Christmas present for the entire nation, but the fine print reveals some will get nicer gifts than others.

Federal Taxes (US) nytimes.com

Editorial: The Tax Bill That Inequality Created

The tax bill is a consequence of a fraction of the population taking control of the nation’s wealth and, with it, the nation’s political power.

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

Trump: Tax bill is a great Christmas gift

President Donald Trump praises the GOP tax bill before departing for Camp David, saying it will mostly benefit middle-class Americans.

companyNews reuters.com

UPDATE 3-Palestinian billionaire Masri detained in Saudi Arabia - sources

AMMAN, Dec 16 (Reuters) - Sabih al-Masri, Jordan's most influential businessman and the chairman of its largest lender Arab Bank, was detained in Saudi Arabia for questioning after a business trip to Riyadh, family sources and friends said on Saturday.

Real Estate and Housing (Residential) nytimes.com

Homeowners Have Had It Good. Too Good, Says the Tax Bill.

The tax code has long offered rewards for buying rather than renting, an equation that has troubled some economists — and that the Republican bill upends.

Federal Taxes (US) nytimes.com

Months After Storm, Puerto Rico Stares Down Another Blow: The Tax Bill

An intellectual property tax in the Republican bill is raising fears that it will further damage the island’s struggling economy.

companyNews reuters.com

REFILE-UPDATE 2-Palestinian billionaire Masri detained in Saudi Arabia - sources

AMMAN, Dec 16 (Reuters) - Sabih al-Masri, Jordan's most influential businessman and the chairman of its largest lender Arab Bank, was detained in Saudi Arabia for questioning after a business trip to Riyadh, family sources and friends said on Saturday.

topNews reuters.com

Canadian police probe mysterious deaths of billionaire pharma couple

TORONTO (Reuters) - Canadian police are investigating the mysterious deaths of pharmaceuticals billionaire Barry Sherman, founder of Apotex Inc, and his wife Honey, whose bodies were found in their Toronto mansion on Friday.

businessNews reuters.com

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

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

companyNews reuters.com

UPDATE 2-Palestinian billionaire Masri detained in Saudi Arabia - sources

AMMAN, Dec 16 (Reuters) - Sabih al-Masri, Jordan's most influential businessman and the chairman of its largest lender Arab Bank, was detained in Saudi Arabia for questioning after a business trip to Riyadh, family sources and friends said on Saturday.

worldNews reuters.com

Palestinian billionaire Masri detained in Saudi Arabia: sources

AMMAN (Reuters) - Sabih al-Masri, a Palestinian billionaire and the chairman of Jordan's largest lender Arab Bank, was detained in Saudi Arabia for questioning after a business trip to Riyadh, family sources and friends said on Saturday.

worldNews reuters.com

Canadian police probe 'suspicious' deaths of billionaire couple

TORONTO (Reuters) - Canadian police said they were investigating the mysterious deaths of Barry Sherman, founder of Canadian pharmaceutical firm Apotex Inc, and his wife, Honey, one of the nation's wealthiest couples whose bodies were found in their mansion on Friday.

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.

businessNews reuters.com

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

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

worldNews reuters.com

Canada police probe 'suspicious' deaths of billionaire, wife

TORONTO (Reuters) - Canadian police said they were investigating the mysterious deaths of the billionaire founder of Canadian pharmaceutical firm Apotex Inc, Barry Sherman, and his wife, Honey, who were found dead in their Toronto mansion on Friday.

United States Politics and Government nytimes.com

As a Must-Pass Republican Tax Bill Headed for the Finish Line, Rubio Saw an Opening

On Thursday, Marco Rubio took a stand: He threatened to vote no unless House and Senate negotiators expanded the child tax credit.

politicsNews reuters.com

Final Republican tax bill slashes U.S. corporate rate, voting next week

WASHINGTON (Reuters) - Congressional Republicans on Friday unveiled the final version of their dramatic U.S. tax overhaul - debt-financed cuts for businesses, the wealthy and some middle-class Americans - and picked up crucial support from two wavering senators ahead of planned votes by lawmakers early next week.

companyNews reuters.com

UPDATE 3-Unilever to sell spreads business to KKR for $8 billion

* Co to return cash to shareholders barring other M&A (Adds Breakingviews link)

worldNews reuters.com

Canadian pharmaceutical billionaire, wife found dead in Toronto

(Reuters) - The billionaire founder of Canadian pharmaceutical firm Apotex Inc, Barry Sherman, and his wife Honey, were found dead in their Toronto home on Friday under circumstances that police described as "suspicious."

companyNews reuters.com

UPDATE 1-U.S. Senate Democrats to force vote on FCC net neutrality repeal

WASHINGTON, Dec 15 (Reuters) - The top U.S. Senate Democrat said on Friday he would force a vote on the Federal Communications Commission's decision to repeal landmark net neutrality rules, but the move was unlikely to block a ruling that could reshape the digital landscape.

companyNews reuters.com

Republican tax bill retains U.S. electric vehicle tax credit

WASHINGTON, Dec 15 (Reuters) - A compromise Republican tax bill released late Friday does not eliminate a $7,500 electric vehicle tax credit as Republicans in the U.S. House of Representatives had previously proposed.

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.

worldNews reuters.com

Canadian billionaire found dead in Toronto: Ontario health minister

(Reuters) - The billionaire founder of Canadian pharmaceutical firm Apotex, Barry Sherman, and his wife Honey, were found dead in Toronto on Thursday, Ontario's health minister said on Twitter.

domesticNews reuters.com

N.J. nuclear power subsidy bill could cost $320 million per year

(Reuters) - Three state senators in New Jersey sponsored a bill that could cost electric ratepayers about $320 million a year to subsidize nuclear reactors that could otherwise be closed.

cnn.com

Bill gets rid of Obamacare individual mandate

companyNews reuters.com

N.J. nuclear power subsidy bill could cost $320 mln per year

Dec 15 (Reuters) - Three state senators in New Jersey sponsored a bill that could cost electric ratepayers about $320 million a year to subsidize nuclear reactors that could otherwise be closed.

cnn.com

GOP reveals final tax bill details

CNN's Phil Mattingly details the final version of the GOP tax bill, which if passed, would be the first major legislative victory for Republican lawmakers during Trump's presidency.

politicsNews reuters.com

Final Republican tax bill slashes U.S. corporate rate: summary

WASHINGTON (Reuters) - Congressional Republicans' final tax legislation proposes cutting taxes as expected for businesses, the wealthy and some middle-class Americans, according to a summary seen by Reuters on Friday, with decisive votes expected next week in a critical moment for the party and President Donald Trump.

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.

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.

politicsNews reuters.com

Senate Democrats to force vote on FCC net neutrality repeal

WASHINGTON (Reuters) - The top U.S. Senate Democrat said on Friday he would force a vote on the Federal Communications Commission's decision to repeal the 2015 landmark net neutrality rules.

cnn.com

Can the tax bill pass if McCain and Cochran are absent?

Senate Republicans are working to shore up enough votes within their caucus to pass tax reform next week, even in the unlikely but possible scenario that two Republican senators are absent for the big vote.

politicsNews reuters.com

Republicans finish tax bill, gain support from Rubio, Corker

WASHINGTON (Reuters) - Republican negotiators in the U.S. Congress put the finishing touches on a sweeping tax overhaul on Friday and picked up support from two more wavering senators as they raced toward votes on final approval next week.

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.

cnn.com

Rubio now on board for the tax bill

Republican Sen. Marco Rubio will vote "yes" on the final tax bill after changes to the child tax credit, a source close to the Senator says.

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

BRIEF-Freddie Mac Prices $1.3 Billion Multifamily K-Deal, K-071

* FREDDIE MAC - EXPECTS TO ISSUE APPROXIMATELY $1.3 BILLION IN K CERTIFICATES WHICH ARE EXPECTED TO SETTLE ON OR ABOUT DECEMBER 22, 2017 Source text for Eikon: Further company coverage:

worldNews reuters.com

Brazil's Temer says pension bill 2 to 3 dozen votes short

BRASILIA (Reuters) - Brazil's government has secured between 270 and 280 of the 308 votes needed to approve a bill to overhaul the country's bloated social security system in February, President Michel Temer said on Friday.

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.

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.

politicsNews reuters.com

Republicans finish tax bill, will release details later in day

WASHINGTON (Reuters) - Republican negotiators in the U.S. Congress put the finishing touches on a sweeping tax overhaul and will release the details later on Friday, including plans for an expanded child tax credit aimed at winning the support of two wavering senators.

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

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.

companyNews reuters.com

UPDATE 2-Unilever to sell spreads business to KKR for $8 billion

* Co to return cash to shareholders barring other M&A (Updates with Unilever confirmation)

politicsNews reuters.com

Republicans race to finish tax bill and win over reluctant senators

WASHINGTON (Reuters) - Republican negotiators in the U.S. Congress worked furiously on Friday to put the finishing touches on a sweeping tax overhaul and expanded a child tax credit in an effort to win the support of two wavering senators.

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.

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.

worldNews reuters.com

Mexico's Senate picks new electoral prosecutor amid graft spat

MEXICO CITY (Reuters) - Mexico's Senate on Friday named the country's new top prosecutor for election-related crimes, after the official previously in the post was fired amid a graft scandal involving a close former aide of President Enrique Pena Nieto.

domesticNews reuters.com

U.S. court dismisses $3 billion suit against Deutsche Bank by Jewish family heirs

FRANKFURT (Reuters) - A U.S. district court in Florida has dismissed a lawsuit by the heirs of a prominent Jewish family seeking $3 billion from Deutsche Bank.

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)

politicsNews reuters.com

Trump urges Moore to concede Alabama Senate race

WASHINGTON (Reuters) - President Donald Trump called on fellow Republican Roy Moore on Friday to concede to Democrat Doug Jones in the Alabama U.S. Senate race, following the party's stinging loss in the southern U.S. state earlier this week.

politicsNews reuters.com

Republicans alter tax bill in bid to win over reluctant senators

WASHINGTON (Reuters) - Republican negotiators in the U.S. Congress on Friday expanded a child tax credit that is part of sweeping tax legislation in order to shore up support for passage, but it was still unclear whether the move was enough to satisfy two balking senators.

politicsNews reuters.com

Trump urges Moore to concede Alabama U.S. Senate race

WASHINGTON (Reuters) - President Donald Trump called on fellow Republican Roy Moore on Friday to concede to Democrat Doug Jones in the Alabama U.S. Senate race, following the party's stinging loss in the southern U.S. state earlier this week.

politicsNews reuters.com

Rubio repeats concerns on U.S. tax bill ahead of expected vote next week

WASHINGTON (Reuters) - U.S. Republican Senator Marco Rubio on Friday repeated his concerns that an expansion of child tax credit in a tax bill his party's leaders hope to pass next week is too little to win his support, keeping a cloud over prospects for the legislation's passage.

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.

cnn.com

Will Rubio get what he wants from tax bill?

The Republican tax bill is done, according to two sources involved in the process.

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)

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

US STOCKS-Futures recover from tax bill concerns

Dec 15 (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.

technologyNews reuters.com

SAP says one-off item to reduce 2017 tax bill

FRANKFURT (Reuters) - German business software group SAP SE said on Friday lowered the forecast for its expected effective tax rate in 2017 to reflect the impact of an intra-group transfer of intellectual property rights.

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.

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.

cnn.com

Marco Rubio says he's a 'no' vote for now. A handful of other Republicans say they're still evaluating the bill

Republicans have an aggressive schedule for getting their tax plan through Congress, but with a vote on final passage coming as early as Monday, congressional observers are keeping a close eye on a handful of GOP senators who can prevent or pass the legislation.

United States Politics and Government nytimes.com

With Billions at Stake in Tax Debate, Lobbyists Played Hardball

The rapid pace of the tax bill moving through Congress left lobbyists with little time and few lawmakers to press for changes in the $1.5 trillion overhaul.

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.

technologyNews reuters.com

South Korea's Kakao to issue GDRs of up to $1 billion for M&A

SEOUL (Reuters) - South Korean messaging app service provider Kakao Corp said on Friday it is targeting raising up to $1 billion overseas for use in global mergers and acquisitions.

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.

cnn.com

'Dark money' provision dropped from tax bill

A controversial provision that would have permitted nonprofit groups to enter politics and could have led so-called "dark money" contributions to become tax deductible has been dropped from the GOP tax bill, according to a leading Senate Democrat.

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.

Midterm Elections (2018) nytimes.com

Once Unthinkable, Now Possible: Senate Looks Like a Tossup in 2018

Alabama’s surprising result gives Democrats a plausible path to take control.

cnn.com

WH economist predicts Rubio will come around on tax bill

President Donald Trump's top economic adviser said Thursday night he's confident Republican Sen. Marco Rubio will ultimately be a "yes" on the GOP tax bill despite the senator's threat to vote against the legislation unless there is a more generous child tax credit -- a threat that could leave Senate Republicans with no room for error with their slim 52-48 majority.

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.

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.

domesticNews reuters.com

New York, New Jersey commit $3.65 billion to fund tunnel project

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.

cnn.com

Bill prohibits abortion in Down syndrome cases

A bill that could keep women from having abortions after tests reveal that a fetus might have Down syndrome is heading to Ohio Gov. John Kasich's desk.

companyNews reuters.com

Brazil's Petrobras receives $3 billion in China Development Bank loan

SAO PAULO, Dec 14 (Reuters) - Brazil's state-controlled oil company Petroleo Brasileiro SA on Thursday received $3 billion under a $5 billion loan from China Development Bank, the company said in a securities filing.

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.

cnn.com

Rubio says he's a 'no' on tax bill unless he gets child tax credit

Sen. Marco Rubio, a Republican from Florida, told congressional leadership that he will not support the latest version of the GOP tax bill if the legislation doesn't make the child tax credit more generous.

politicsNews reuters.com

As Republican tax bill vote nears, two senators demand changes

WASHINGTON (Reuters) - President Donald Trump's drive to win passage of a sweeping tax bill hit a potential obstacle on Thursday as two Republican senators, who previously backed the measure, insisted on a change to its child tax credit.

companyNews reuters.com

DaVita unit to pay $63.7 million to resolve U.S. billing probe

Dec 14 (Reuters) - A pharmacy services unit of DaVita Inc has agreed to pay $63.7 million to resolve allegations that it improperly billed federal healthcare programs for medications and paid illegal financial inducements to patients, the U.S. Justice Department said.

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.

politicsNews reuters.com

Republican Senator Lee undecided on tax bill, seeks child credit changes: aide

WASHINGTON (Reuters) - U.S. Republican Senator Mike Lee has not decided whether to support a Republican tax bill and wants changes to the child tax credit, an aide to the lawmaker said on Thursday.

politicsNews reuters.com

U.S. tax bill to preserve key renewable energy credits, sources say

WASHINGTON (Reuters) - The final version of comprehensive tax legislation being negotiated by House and Senate lawmakers will preserve key renewable energy tax credits that were once at risk of being removed, congressional and business sources said on Thursday.

politicsNews reuters.com

Republican Senator Lee now undecided on tax bill: aide

WASHINGTON (Reuters) - Republican U.S. Senator Mike Lee, unhappy with his party's tax legislation provision on child tax credits, is "undecided" on whether he will vote for the measure if changes are not included, spokesman Conn Carroll said on Thursday.

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.

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.

United States Politics and Government nytimes.com

Republicans Prepare for Final Rollout of Tax Bill

As Republicans prepared to roll out their final $1.5 trillion tax plan questions continued to loom about how the last-minute changes would be paid for.

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)

politicsNews reuters.com

U.S. bill to allow property and income or sales tax deductions: key lawmaker

WASHINGTON (Reuters) - The chairman of the U.S. House of Representatives Ways and Means Committee indicated on Thursday that a Republican tax bill will allow property and income or sales taxes to be deducted under the state and local income tax deduction.

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.

politicsNews reuters.com

Senator McCain will vote on tax bill -No. 2 Republican

WASHINGTON (Reuters) - Republican Senator John McCain, who is receiving treatment for brain cancer and has missed votes this week, will be available next week to vote on the tax compromise bill, John Cornyn, the No. 2 Republican in the U.S. Senate, said on Thursday.

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

businessNews reuters.com

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

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

businessNews reuters.com

Wall Street climbs as tax reform enters last lap

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

politicsNews reuters.com

Alabama Senate race winner urges Republican rival to 'move on'

WASHINGTON (Reuters) - Alabama Democrat Doug Jones, who won a bitter fight for a U.S. Senate seat this week, called on his Republican opponent to concede the race and help heal the Southern state after a deeply divisive contest.

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.

politicsNews reuters.com

Mulvaney says U.S. tax bill votes could be Tuesday, Wednesday: CNBC

WASHINGTON (Reuters) - White House budget director Mick Mulvaney said on Thursday he believed votes on tax overhaul legislation could occur in the Senate and House of Representatives as early as Tuesday and Wednesday, respectively.

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.

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.

businessNews reuters.com

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

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

cnn.com

The $52.4 billion deal for much of Rupert Murdoch's company could help Disney fend off digital rivals

companyNews reuters.com

Bombardier forecasts 2018 revenue below Street estimates

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

businessNews reuters.com

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

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

businessNews reuters.com

Norwegian Air ramps up transatlantic fare war with four new routes

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

businessNews reuters.com

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

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

businessNews reuters.com

European stocks, euro dip as central banks dominate

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

businessNews reuters.com

UK retailers enjoy bumper Black Friday sales

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

Collins, Susan M nytimes.com

Last-Ditch Effort to Sway Senator on Tax Bill Involves Personal Pleas

Progressive activists met with Senator Susan Collins, Republican of Maine, in a bid to persuade her to vote against the $1.5 trillion tax bill.

businessNews reuters.com

UK retailers enjoy bumper Black Friday sales: ONS

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

Airbus executive says considering cuts to A380 production, still undecided

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

worldNews reuters.com

Mexico Senate committees pass controversial security bill

MEXICO CITY (Reuters) - Mexican Senate committees on Wednesday approved a controversial security bill that human rights groups say risks granting excessive power to the armed forces in their already checkered role in combating organized crime in the country.

businessNews reuters.com

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

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

politicsNews reuters.com

Trump's eldest son testifies to Senate committee in Russia probe

WASHINGTON (Reuters) - U.S. President Donald Trump's eldest son met with the U.S. Senate Intelligence Committee on Wednesday as part of the panel's investigation into Russia, the 2016 U.S. election and whether his father's election campaign colluded with Moscow.

businessNews reuters.com

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

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

businessNews reuters.com

Republicans forge tax deal, final votes seen next week

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

businessNews reuters.com

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

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

politicsNews reuters.com

Stop-gap bill unveiled to fund U.S. government until Jan. 19

WASHINGTON (Reuters) - The chairman of the U.S. House Appropriations Committee on Wednesday introduced a bill to fund the government until Jan. 19 while Congress works on longer-term legislation, the panel said in a statement.

Tax Credits, Deductions and Exemptions nytimes.com

Republican Tax Bill Overhauls Rules Many Were Counting On

The tax bills moving through Congress could penalize individuals for financial decisions they made based on longstanding law, affecting the financial situations of millions.

businessNews reuters.com

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

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

companyNews reuters.com

UPDATE 1-Disney deal set to value Fox at more than $75 billion -source

Dec 13 (Reuters) - Walt Disney Co's deal to buy film, television and international businesses from Rupert Murdoch's Twenty-First Century Fox Inc will value the latter at over $40 per share, or $75 billion, a person familiar with the matter said.

businessNews reuters.com

Dutch-Belgian supermarket to battle Amazon on two fronts

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

businessNews reuters.com

Delta may place order for 100 Airbus A321neo jets: sources

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