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Exclusive: Ford set for China tie-up with Alibaba to test online, direct auto sales - source

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BEIJING (Reuters) - Ford Motor Co is expected to sign as early as Thursday a deal with Alibaba Group Holding Ltd which may allow the U.S. automaker to test selling cars to consumers in China through Alibaba's online retail arm Tmall, as well as via a new “auto vending machine” store concept, according to a Ford source familiar with the matter. [Source]

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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.

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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.

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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.

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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.

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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.

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Fashion house Camuto Group taps turnaround advisor -source

Dec 15 (Reuters) - Camuto Group, the U.S. footwear, clothing and accessories wholesaler known for its Vince Camuto shoes, has hired a turnaround consultant after a deal to sell itself to Aldo Group Inc fell through, according to a person familiar with the matter.

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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.

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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.

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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.

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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.

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Italy's CDP, Intesa set for role in ArcelorMittal bid for Ilva -source

ROME, Dec 15 (Reuters) - Italy's state holding company CDP and Intesa Sanpaolo have signed a non-binding agreement to join ArcelorMittal's bid to buy Italian steelmaker Ilva, a source close to the matter said on Friday.

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Utah lawmaker invites retailer Patagonia to testify in Congress

WASHINGTON (Reuters) - The U.S. House natural resources committee chairman on Friday invited outdoor retailer Patagonia's CEO to testify before the panel after the company criticized the Trump administration's decision to drastically reduce two national monuments in Utah.

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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.

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GLOBAL MARKETS-World shares gain; U.S. yield curve flattest in decade

* Dollar index firmer on tax bill optimism (Updates to Europe close, adds commentary)

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Onex-backed Canadian renewables firm Pinnacle set to list -sources

TORONTO, Dec 15 (Reuters) - Wood pellets producer Pinnacle Renewable Energy Inc, owned by Canadian private equity firm Onex Corp, wants to raise about C$175 million ($136 million) through a Toronto initial public offering (IPO), people familiar with the matter told Reuters this week.

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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.

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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.

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Tillerson urges long halt to North Korea weapons tests before any talks

UNITED NATIONS (Reuters) - U.S. Secretary of State Rex Tillerson on Friday urged North Korea to carry out a "sustained cessation" of weapons testing to allow the two countries to hold talks about Pyongyang's nuclear and missile programs.

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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.

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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.

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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.

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Supporters of Hungarian Jobbik opposition party protest over crackdown

BUDAPEST (Reuters) - About a thousand Hungarians protested on Friday against a crackdown on the main opposition party Jobbik which has been threatened by a record political campaign fine that the party leader describes as a "death sentence" for democracy.

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

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

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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.

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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.

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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.

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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.

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Protesters block roads in Honduras as electoral crisis rumbles on

TEGUCIGALPA (Reuters) - Honduran security forces fired tear gas on Friday at opposition protesters who had blocked major roads, and demanded a full recount of last month's contentious election that pitched the Central American nation into crisis.

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UPDATE 4-Russia hit by $3.4 bln Promsvyazbank bailout in latest bank blow

* Trio of failures biggest upset in 20 years (Adds details, quotes, background)

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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.

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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.

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Israeli troops kill four Palestinians, wound 160 in protests over Jerusalem

GAZA (Reuters) - Israeli troops shot dead four Palestinians and wounded 150 others with live fire on Friday, medical officials said, as protests over U.S. President Donald Trump's recognition of Jerusalem as Israel's capital entered a second week.

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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.

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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.

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Israeli troops kill three Palestinians, wound scores in protests over Jerusalem

GAZA (Reuters) - Israeli troops shot dead three Palestinians and wounded 150 others on Friday, medical officials said, as protests over U.S. President Donald Trump's recognition of Jerusalem as Israel's capital entered a second week.

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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.

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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.

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Turkish minister calls for witness in U.S. trial to be repatriated: ministry sources

ANKARA (Reuters) - Turkey's justice minister has told his U.S. counterpart that a former Turkish police investigator who testified at the trial of a Turkish banker in New York was wanted by Ankara and should be sent back to his country, justice ministry sources said.

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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.

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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.

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Four dead, hundreds wounded as protests over Jerusalem hit second week

Four Palestinians were killed and hundreds wounded Friday in the West Bank and Gaza during clashes between Israeli troops and protesters opposed to US President Donald Trump's recognition of Jerusalem as the capital of Israel.

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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.

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Israeli troops wound more than 40 Palestinians in protests over U.S. Jerusalem move

RAMALLAH, West Bank (Reuters) - Israeli troops shot and wounded more than 40 Palestinians in Gaza and the occupied West Bank on Friday, medical officials said, as protests over U.S. President Donald Trump's recognition of Jerusalem as Israel's capital entered a second week.

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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.

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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 .

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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.

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Dutch test the water for subsidy-free offshore wind farms

AMSTERDAM (Reuters) - The Netherlands launched an attempt to fund an offshore wind farm without subsidies on Friday, hoping to capitalize on a boom in renewable energy.

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BRIEF-China Biologic Receives Operating Permit For New Collection Facility In Ju County In Shandong Province

* CHINA BIOLOGIC RECEIVES OPERATING PERMIT FOR NEW COLLECTION FACILITY IN JU COUNTY IN SHANDONG PROVINCE Source text for Eikon: Further company coverage:

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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.

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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.

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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.

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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.

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BRIEF-Torex Gold Resources Majority Of Employees Have Voted To Return To Work Immediately

* MAJORITY OF EMPLOYEES HAVE VOTED TO RETURN TO WORK IMMEDIATELY

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BRIEF-China Finance Online And China Investment Securities Sign Strategic Cooperation

* CHINA FINANCE ONLINE AND CHINA INVESTMENT SECURITIES SIGN STRATEGIC COOPERATION TO DEVELOP INTELLIGENT FINANCE TECHNOLOGY TO EMPOWER INVESTMENT ADVISORY SERVICES

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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.

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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.

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Vicious winds to test crews battling California wildfire

LOS ANGELES (Reuters) - Firefighters in California will be tested by vicious winds on Friday morning as they battle a huge wildfire that has claimed the life of one of their colleagues and torched more than 700 homes.

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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.

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Death toll from train, bus collision in France rises to six: source

PARIS (Reuters) - The death toll from Thursday's collision between a train and a school bus has risen to six, a source familiar with the investigation said on Friday, as investigators combed the mangled wreckage.

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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.

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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.

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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.

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Beijing spared as smog triggers curbs on factories across northern China

BEIJING (Reuters) - Smog warnings across northern China have forced authorities to order factories to reduce output, construction sites to slow work, and the enforcement of limits on the use of diesel-fueled vehicles on Thursday.

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BMW to build Czech test track for self-driving cars

BERLIN, Dec 15 (Reuters) - German luxury automaker BMW said on Friday it will spend over 100 million euros ($118 million) on a test track for self-driving and electric cars in the Czech Republic, as it expands its foray into alternative driving technologies.

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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.

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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.

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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.

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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.

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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.

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CORRECTED-METALS-Copper, aluminium top Shanghai gainers on China data

SYDNEY, Dec 15 (Reuters) - Copper and aluminium led gainers in Shanghai base metals futures on Friday, helped by overnight increases in the London market on the back of upbeat China manufacturing data.

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BRIEF-H&M and Alibaba extend collaboration, H&M opens on Tmall

* H&M SAYS ‍H&M OPENS ON TMALL, WORLD'S LARGEST E-COMMERCE PLATFORM, DURING SPRING 2018​

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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.

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Airbus confirms management shake-up

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

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BRIEF-BP To Invest $200 Mln In Lightsource Over 3 Years For 43 Pct Stake

* BP TO INVEST $200M IN LIGHTSOURCE OVER THREE YEARS FOR A 43% STAKE IN THE BUSINESS‍​

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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.

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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.

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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.

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Sea change: LNG tankers divert to China as winter gas shortage bites

* China's LNG demand soars as households switch to gas for heating

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

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

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METALS-Copper, aluminium top Shanghai gainers on China data

SYDNEY, Dec 15 (Reuters) - Copper and aluminium led gainers in Shanghai base metals futures on Friday, helped by overnight increases in the London market on the back of upbeat China manufacturing data.

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House committee questions head of Trump campaign data firm: sources

WASHINGTON (Reuters) - Members of the U.S. House Intelligence Committee on Thursday interviewed the head of a data analysis firm to determine whether Donald Trump's election campaign team sought his help to find thousands of emails missing from Hillary Clinton's private server, three sources familiar with the session said.

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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.

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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.

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Peru's Kuczynski loses support of inner circle: sources

LIMA (Reuters) - Peru's President Pedro Pablo Kuczynski has lost support of senior officials in his government after Brazil's Odebrecht said it had transferred $4.8 million to companies linked to him, two government sources said on Thursday, and the opposition called for him to resign.

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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.

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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.

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UPDATE 1-Oi board may call shareholder meeting to debate restructuring plan -sources

RIO DE JANEIRO, Dec 14 (Reuters) - The board of Brazilian telecommunications company Oi SA will meet on Friday, and will likely call a shareholders meeting to debate a restructuring deal struck by its executives and key creditors, two sources familiar with the board's thinking said on Thursday.

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UPDATE 2-Airbus planemaking chief Bregier to leave in February -sources

PARIS, Dec 14 (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.

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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.

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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.

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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.

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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 .

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While focus is on North Korea, China continues South China Sea buildup: think tank

WASHINGTON (Reuters) - While attention in Asia has been distracted by the North Korean nuclear crisis in the past year, China has continued to install high-frequency radar and other facilities that can be used for military purposes on its man-made islands in the South China Sea, a U.S. think tank said on Thursday.

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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.

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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.

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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.

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Brazil's Neoenergia seen delaying IPO, shareholders won't reduce price -sources

SAO PAULO, Dec 14 (Reuters) - Brazilian utility Neoenergia SA is expected to decide for the postponement of its initial public offering, two sources with knowledge of the matter said on Thursday.

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Argentina's YPF to sell 25 pct of electricity unit to GE -source

BUENOS AIRES, Dec 14 (Reuters) - Argentina's state-owned oil company YPF SA will sell a 25 percent stake in its electricity generation unit to U.S. industrial conglomerate General Electric Co, a source close to the deal told Reuters on Thursday.

cnn.com

Sources describe John McCain as looking increasingly frail

Sources in the Senate tell CNN they have been worried about Sen. John McCain recently, following a week when the Arizona Republican was kept from the Senate to address side effects from his brain cancer treatment.

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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.

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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.

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Airbus planemaking chief Bregier to step down -sources

PARIS, Dec 14 (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.

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Perrigo lines up bid for Merck's consumer health unit: sources

LONDON/FRANKFURT (Reuters) - Generic drugmaker Perrigo has decided to enter the fray for Merck KGaA's consumer health unit, sources told Reuters, and is preparing an indicative offer for the $4.7 billion business ahead of a deadline on Friday.

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UPDATE 1-Perrigo lines up bid for Merck's consumer health unit -sources

* Perrigo to submit non-binding offer for Merck KGaA's OTC unit

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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.

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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.

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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.

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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.

companyNews reuters.com

BRIEF-Lonestar Resources US Announces Offering Of Senior Unsecured Notes

* LONESTAR RESOURCES US INC. ANNOUNCES OFFERING OF SENIOR UNSECURED NOTES

domesticNews reuters.com

Turkish banker expected to testify in Iran sanctions trial in New York

(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.

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.

companyNews reuters.com

Perrigo preparing non-binding bid for Merck KgaA's consumer health unit -sources

LONDON/FRANKFURT, Dec 14 (Reuters) - U.S. drugmaker Perrigo has decided to enter the fray for Merck KgaA's consumer health unit, sources told Reuters on Thursday, and is preparing an indicative offer for the $4.7 billion business ahead of the Dec. 15 deadline.

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

Deckers wins proxy contest against hedge fund Marcato

BOSTON, Dec 14 (Reuters) - Deckers Outdoor Corp. beat back a challenge from activist hedge fund Marcato Capital Management when shareholders reelected all nine of the company's directors, the maker of UGG boots confirmed in a statement.

businessNews reuters.com

Delaware court reverses controversial Dell buyout ruling

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

businessNews reuters.com

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

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

cnn.com

Rep. Blake Farenthold won't seek re-election, source says

Rep. Blake Farenthold, who's under fire for accusations of sexual harassment, is not planning to run for re-election, a Republican source familiar with situation told CNN on Thursday.

cnn.com

Sources: US jets intercept Russians

US F-22 stealth fighters intercepted two Russian aircraft after the Russian jets flew east of the "de-confliction line" that is supposed to separate Russian and US-led coalition aircraft operating over Syria, two US defense officials told CNN.

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.

technologyNews reuters.com

Protesters gather as U.S. regulators meet to end net neutrality

WASHINGTON (Reuters) - The U.S. Federal Communications Commission is expected on Thursday to rescind rules aimed at ensuring a free and open internet, as protesters gathered to oppose the change.

companyNews reuters.com

UPDATE 2-Protesters gather as U.S. regulators meet to end net neutrality

WASHINGTON, Dec 14 (Reuters) - The U.S. Federal Communications Commission is expected on Thursday to rescind rules aimed at ensuring a free and open internet, as protesters gathered to oppose the change.

technologyNews reuters.com

Sberbank CFO says previous talks with Alibaba finished

LONDON (Reuters) - Russian lender Sberbank's talks with Chinese e-commerce giant Alibaba have finished in their current form, the bank's Chief Financial Officer Alexander Morozov said on Thursday.

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.

companyNews reuters.com

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

STOCKHOLM, Dec 14 (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.

companyNews reuters.com

BRIEF-Sberbank CFO says previous talks with Alibaba finished, now talking with everyone

* LONDON: RUSSIA'S SBERBANK CFO SAYS TALKS WITH ALIBABA HAVE FINISHED IN THE PREVIOUS FORMAT, YANDEX DEAL SIGNED

businessNews reuters.com

Wall Street climbs as tax reform enters last lap

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

businessNews reuters.com

Volkswagen says some employees cooperated with Brazil's military regime

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

businessNews reuters.com

Wall Street opens higher as bank stocks gain

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

businessNews reuters.com

Record number of Americans to travel during Christmas holiday: AAA

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

technologyNews reuters.com

Online shopping won't grow forever, says Unibail boss creating malls giant

SYDNEY/PARIS (Reuters) - Online shopping has its limits and physical stores will never go out of fashion, says the CEO of Unibail-Rodamco which is betting $16 billion on buying Westfield to create a global mall giant.

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.

companyNews reuters.com

BRIEF-Mineral Hill Industries Terminates Share Purchase Agreement With 12 Shareholders Of CPS Energy Resources

* MINERAL HILL INDUSTRIES - TERMINATED SHARE PURCHASE AGREEMENT WITH 12 SHAREHOLDERS OF CPS ENERGY RESOURCES DUE TO NON-COMPLIANCE WITH TERMS OF SPA Source text for Eikon: Further company coverage:

topNews reuters.com

China says war must not be allowed on Korean peninsula

BEIJING (Reuters) - War must not be allowed to break out on the Korean peninsula and the issue must be resolved through talks, Chinese President Xi Jinping said on Thursday, while U.N. Secretary-General Antonio Guterres warned of the danger of "sleepwalking" into conflict.

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.

Nuclear Tests nytimes.com

South Korea’s Leader, Meeting Xi Jinping, Seeks ‘New Start’ With China

President Moon Jae-in of South Korea was working to end an unofficial trade war over his country’s antimissile system.

companyNews reuters.com

METALS-Copper near two-week high, China data supports

* GRAPHIC-2017 asset returns: http://tmsnrt.rs/2jvdmXl (Recasts, updates prices, changes dateline, adds details/quote)

companyNews reuters.com

BRIEF-Aehr Test Systems Receives Follow-On Order For Fox-Xpâ„¢ Test And Burn-In System For Silicon Photonics Devices

* AEHR TEST SYSTEMS RECEIVES FOLLOW-ON ORDER FOR FOX-XPâ„¢ TEST AND BURN-IN SYSTEM FOR SILICON PHOTONICS DEVICES

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.

companyNews reuters.com

Lebanon approves offshore oil, gas exploration bid - source

BEIRUT, Dec 14 (Reuters) - Lebanon's cabinet approved a bid on Thursday for offshore energy exploration by a consortium made up of France's Total, Italy's ENI and Russia's Novatek, in the country's first oil and gas offshore licensing round, a government source said.

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.

environmentNews reuters.com

ADB approves $506 mln loan to improve air quality in China

BEIJING (Reuters) - The Asian Development Bank [ADB.UL] (ADB) approved a third loan, worth 428 million euros ($506 million), to help improve air quality in China's smoggiest region of Beijing-Tianjin-Hebei, it said in a statement on Thursday.

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.

companyNews reuters.com

UPDATE 2-South Korea's Moon tries K-Pop and TV stars in China charm offensive

* Charm offensive includes K-Pop and TV stars (Adds memorandum on trade agreement)

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.

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.

worldNews reuters.com

Zimbabwe ex-leader Mugabe visits Singapore hospital: sources

SINGAPORE (Reuters) - Former Zimbabwe president Robert Mugabe visited a hospital in Singapore this week apparently for medical checks, his first trip outside his country since he was ousted from office last month, sources in Singapore said on Thursday.

worldNews reuters.com

China angered as U.S. considers navy visits to Taiwan

BEIJING/TAIPEI (Reuters) - China accused the United States on Thursday of interfering in its internal affairs and said it had lodged a complaint after U.S. President Donald Trump signed into law an act laying the groundwork for possible U.S. navy visits to self-ruled Taiwan.

worldNews reuters.com

China summons Australian envoy over political meddling allegations

SYDNEY (Reuters) - China summoned Australia's ambassador to lodge a complaint last week over Canberra's allegation that Beijing had sought to interfere in Australian politics, a source familiar with the diplomatic action told Reuters on Thursday.

companyNews reuters.com

RPT-UPDATE 2-Lexinfintech slashes U.S. IPO size as China reins in micro-lenders

HONG KONG, Dec 14 (Reuters) - Chinese consumer lending firm Lexinfintech has slashed the size of its U.S. initial public offering by two-thirds to a maximum possible $151.8 million, following a recent crackdown by Beijing on fast-growing online micro-lenders.

companyNews reuters.com

UPDATE 2-Lexinfintech slashes U.S. IPO size as China reins in micro-lenders

* Beijing has targeted online micro-lenders with new rules (Adds graphics, crackdown's impact on shares of rivals)

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.

environmentNews reuters.com

China's industrial heartland struggles in Beijing's fight against smog

SHIJIAZHUANG, China (Reuters) - Severe natural gas shortages are hitting businesses and residents across China's industrial heartland as an unprecedented government effort to clean up an environment devastated by decades of unbridled growth backfires.

PersonalFinance reuters.com

Vivienne Tam scales fashion peaks with China Chic

NEW YORK (Reuters) - Some of us are fortunate to find a calling in life early on, and for Vivienne Tam it was literally by design.

companyNews reuters.com

UPDATE 1-Lexinfintech slashes U.S. IPO size as China reins in micro-lenders

* Beijing targeted online micro-lenders with new rules this month (Adds company response, background on firm and industry)

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.

companyNews reuters.com

U.S. shoemaker Rockport explores options including sale -sources

NEW YORK, Dec 13 (Reuters) - The Rockport Group is exploring its options, including a possible sale, after one of the U.S. footwear maker's major debtholders took ownership of the company, people familiar with the matter said Wednesday.

companyNews reuters.com

South Korea's Moon tries K-Pop and TV stars in China charm offensive

SEOUL, Dec 14 (Reuters) - South Korean President Moon Jae-in will unveil an array of TV talent and K-Pop celebrities at events, including a state dinner, in China on Thursday as he attempts to smooth out a year of difficult diplomacy with a star-laden charm offensive.

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.

technologyNews reuters.com

Rakuten eying entry into Japan's mobile carrier market: source

TOKYO (Reuters) - Japanese online retailer Rakuten Inc plans to join a government auction for wireless spectrum to be held in January, potentially becoming the country's fourth major wireless carrier, a source briefed on the matter said on Thursday.

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.

technologyNews reuters.com

Rakuten eyeing entry into Japan's mobile carrier market: source

TOKYO (Reuters) - Japanese online retailer Rakuten Inc plans to join a government auction for wireless spectrum to be held in January, potentially becoming the country's fourth major wireless carrier, a source briefed on the matter said on Thursday.

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.

companyNews reuters.com

BRIEF-Chesapeake Utilities Says Unit Filed With FERC Uncontested Settlement Agreement

* CHESAPEAKE UTILITIES - UNIT FILED WITH FEDERAL ENERGY REGULATORY COMMISSION UNCONTESTED SETTLEMENT AGREEMENT ASSOCIATED WITH CURRENT RATE CASE PROCEEDING

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.

Doping (Sports) nytimes.com

Sports of The Times: Chris Froome Tests Positive, and Cycling History Repeats Itself

It’s hard to be surprised by the news that cycling’s most dominant rider has tested positive for a banned drug.

businessNews reuters.com

Delta may place order for 100 Airbus A321neo jets: sources

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

businessNews reuters.com

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

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

businessNews reuters.com

Ford to shift midsize sedan production out of Mexico: sources

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

companyNews reuters.com

UPDATE 1-Ford to shift midsize sedan production out of Mexico -sources

Dec 13 (Reuters) - Ford Motor Co has told suppliers it plans to shift production of midsize Fusion and Mondeo sedans out of Mexico and Spain in 2020 and move it to China, three sources said on Wednesday.

businessNews reuters.com

Wall Street mixed as financials drag after Fed rate hike

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

businessNews reuters.com

Fed lifts interest rates, keeps 2018 policy outlook unchanged

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

businessNews reuters.com

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

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

companyNews reuters.com

UPDATE 1-Delta may place order for 100 Airbus A321neo jets -sources

PARIS/NEW YORK, Dec 13 (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.

worldNews reuters.com

Brazil's Temer back in hospital for prostate tests

BRASILIA (Reuters) - Brazilian President Michel Temer canceled his scheduled meetings on Wednesday and flew to São Paulo for tests to evaluate surgery he had in October to reduce the size of his prostate, his office said.

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

Wall Street extends gains slightly after expected Fed rate hike

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

businessNews reuters.com

Lockheed Martin could beat Boeing in race to supply Canada jets

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

businessNews reuters.com

Fed raises interest rates, keeps 2018 policy outlook unchanged

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

sportsNews reuters.com

Froome's positive Salbutamol test result unusual, says expert

LONDON (Reuters) - Chris Froome's positive test for excessive levels of the asthma drug Salbutamol at this year's Vuelta a Espana was unusual but dehydration or metabolism could have played a part, an anti-doping expert said on Wednesday.

companyNews reuters.com

CORRECTED-(OFFICIAL)-UPDATE 3-Brazil Burger King operator may price IPO near top of range -sources

SAO PAULO, Dec 12 (Reuters) - The operator of the Burger King fast-food chain in Brazil, BK Brasil Operação e Assessoria a Restaurantes SA, is expected to price its initial public offering near the top of the suggested price range, three people with direct knowledge of the matter said on Tuesday.

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

Industrial stocks drive Wall Street higher; Fed decision eyed

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