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Bitcoin futures race higher in volatile launch, dollar steady

SYDNEY (Reuters) - Futures in bitcoin, which has taken global financial markets by storm, got off to a volatile start at its launch, while the dollar kept gains in Monday's Asian session on expectations the Federal Reserve will stick to its tightening path.

businessNews reuters.com

Uber heads to court in fight for London survival

LONDON (Reuters) - Uber [UBER.UL] will defend its right to operate in London in a court hearing on Monday after the app was deemed unfit to run a taxi service and stripped of its license in its most important European market.

businessNews reuters.com

Bitcoin futures start trading on CBOE exchange

NEW YORK (Reuters) - The newest way to bet on bitcoin arrived on Sunday, with futures of the cryptocurrency that has taken Wall Street by storm starting trading for the first time.

businessNews reuters.com

Mediaset hopes truce with Vivendi to come with content deal with Telecom Italia: media

MILAN (Reuters) - Mediaset's chief executive said he hoped the shared interest over TV content with Telecom Italia (TIM) could pave the way to a truce with France's Vivendi , speaking in a interview published late on Sunday.

businessNews reuters.com

Britain's Labour Party looks to move some BoE functions away from London

(Reuters) - Britain's Labour Party is considering moving some of Bank of England's functions to Birmingham, from its current home in Threadneedle Street in the City of London, according to an interim report on the British financial system released on Sunday.

businessNews reuters.com

Thyssenkrupp makes offer to workers for Tata Steel deal: sources

BERLIN (Reuters) - Thyssenkrupp has offered workers commitments on jobs and investments to get union backing for its deal with Tata Steel to merge their European steel operations, several people close to labor union IG Metall said.

businessNews reuters.com

Bangladesh minister says wants to 'wipe out' Manila bank for heist role

DHAKA (Reuters) - Bangladesh's finance minister said late on Saturday he wanted to "wipe out" a Philippines bank that was used to channel $81 million stolen from the Bangladeshi central bank's account with the Federal Reserve Bank of New York last year.

businessNews reuters.com

After bitcoin’s wild week, traders brace for futures launch

NEW YORK (Reuters) - The newest way to bet on bitcoin, the cyptocurrency that has taken Wall Street by storm with its stratospheric price rise and wild daily gyrations, will arrive on Sunday when bitcoin futures start trading.

businessNews reuters.com

South Korea's Hyundai says faces headwinds from weaker yen next year

SEOUL (Reuters) - South Korean automakers face a major headwind from a weakening Japanese yen, which will boost rivals like Toyota Motor Corp. next year, a Hyundai Motor think tank said.

businessNews reuters.com

Thyssenkrupp ready to make workers offer for Tata Steel deal: Bild am Sonntag

BERLIN (Reuters) - Thyssenkrupp is prepared to offer workers commitments on jobs and investments to get union backing for its deal with Tata Steel to merge their European steel operations, German weekly Bild am Sonntag reported, citing an internal memo.

businessNews reuters.com

VW executive convicted in U.S. may seek transfer to Germany: Welt am Sonntag

BERLIN (Reuters) - Volkswagen executive Oliver Schmidt, convicted in the United States this week for his role in the German carmaker's emissions scandal, may ask to serve his prison sentence in Germany, German weekly Welt am Sonntag reported, citing sources close to Schmidt.

domesticNews reuters.com

Court upholds conviction in 'Making of a Murderer' case

(Reuters) - A federal appeals court on Friday upheld the murder conviction of a Wisconsin man in a case chronicled in the television documentary “Making of a Murderer," overturning a lower court judge who had tossed out the original guilty verdict.

businessNews reuters.com

Apple in talks to acquire music identification app Shazam: source

SAN FRANCISCO (Reuters) - Apple Inc is in talks to acquire Shazam Entertainment Ltd, whose software helps users identify songs by pointing their phone at an audio source, according to a person familiar with the situation.

domesticNews reuters.com

U.S. top court blocks release of Trump 'Dreamer' immigrant documents

WASHINGTON (Reuters) - The U.S. Supreme Court on Friday granted a request by President Donald Trump's administration to block the immediate release of documents concerning his decision to end a program that shielded from deportation hundreds of thousands of young adults dubbed "Dreamers" brought into the country illegally as children.

businessNews reuters.com

PepsiCo to move to Nasdaq after nearly a century with NYSE

(Reuters) - PepsiCo Inc is moving its listing to the Nasdaq, ending a century-long association with the New York Stock Exchange.

businessNews reuters.com

Apple's Ive returns to helm of design teams

(Reuters) - Apple Inc Chief Design Officer Jony Ive is returning to day-to-day management of the company's design teams after handing off managerial duties two years ago to focus on other projects, Apple told Reuters on Friday.

politicsNews reuters.com

U.S. top court takes up Republican challenge to Maryland electoral district

WASHINGTON (Reuters) - The U.S. Supreme Court on Friday added a second case to its docket on a contentious issue that could have major consequences for American elections, agreeing to decide whether Democratic lawmakers in Maryland unlawfully drew a congressional district in a way that would prevent a Republican candidate from winning.

businessNews reuters.com

Delta Air Lines cancels hundreds of flights due to winter storm

NEW YORK (Reuters) - Delta Air Lines has canceled more than 600 flights due to inclement weather at its Atlanta hub, the carrier said on Friday, as a winter storm travels towards the northeast, threatening more cancellations and delays.

cnn.com

Hear Supreme Court cakeshop arguments

The case Masterpiece Cakeshop v. Colorado Civil Rights Commission brought up the question of artistic expression and civil rights.

businessNews reuters.com

Tax-loss selling to pressure 2017's losers in December

NEW YORK (Reuters) - Stocks that have been lackluster so far in 2017 are unlikely to see their fortunes reversed in the final month of the year, as investors engage in tax-harvesting practices before the new year.

businessNews reuters.com

Macy's Terry Lundgren to retire as chairman in January

(Reuters) - Department store operator Macy's Inc said Chairman and former Chief Executive Terry Lundgren would retire from the board on January 31, 2018.

businessNews reuters.com

Strong U.S. job growth in November bolsters economy's outlook

WASHINGTON (Reuters) - U.S. job growth increased at a strong clip in November, painting a portrait of a healthy economy that analysts say does not require the kind of fiscal stimulus that President Donald Trump is proposing, even though wage gains remain moderate.

businessNews reuters.com

Wall Street closes higher after payrolls report

NEW YORK (Reuters) - U.S. stocks advanced on Friday, buoyed by a solid payrolls report for November that locked in expectations for an interest rate hike from the U.S. Federal Reserve next week and raised optimism about economic prospects in 2018.

businessNews reuters.com

Bitcoin drops after dramatic gains ahead of futures launch

LONDON/NEW YORK (Reuters) - Bitcoin lost almost a fifth of its value in 10 hours on Friday, having surged more than 40 percent in the preceding 48 hours, sparking fears the market may be heading for a price collapse.

politicsNews reuters.com

U.S. lawyer defending travel ban grilled in court over Trump's tweets

WASHINGTON/NEW YORK (Reuters) - Federal appeals court judges on Friday asked about President Donald Trump's sharing of anti-Muslim videos on his Twitter account, as they grilled a U.S. government lawyer about the legality of the president's latest travel ban.

businessNews reuters.com

November payrolls report lifts Wall Street

NEW YORK (Reuters) - Wall Street indexes advanced on Friday on the heels of a solid payrolls report for November, locking in expectations for an interest rate hike from the U.S. Federal Reserve next week and boosting optimism about economic prospects for 2018.

businessNews reuters.com

Trump says fines against Wells Fargo could be increased

WASHINGTON/NEW YORK (Reuters) - President Donald Trump took aim at the third-largest U.S. bank on Friday, writing on Twitter that government fines and penalties against Wells Fargo & Co could be hiked amid an ongoing sales scandal.

businessNews reuters.com

Bitcoin tumbles after dramatic gains ahead of futures launch

LONDON/NEW YORK (Reuters) - Bitcoin lost almost a fifth of its value in 10 hours on Friday, having surged more than 40 percent in the preceding 48 hours, sparking fears the market may be heading for a price collapse.

businessNews reuters.com

Wall Street gains on robust Nov. hiring data

(Reuters) - Wall Street indexes gained on Friday as U.S. employers added more jobs than expected in November, cementing the case for an interest rate hike next week and adding to optimism about the economy heading into 2018.

businessNews reuters.com

Ahead of Canada fighter jet announcement, Boeing looks to future

OTTAWA (Reuters) - Boeing Co , which is locked in a dispute with the Canadian government, said on Friday it would continue to look for ways to work with the country, which is expected next week to announce it is scrapping plans to buy 18 of the U.S. planemaker's Super Hornet fighter jets.

Poland nytimes.com

The Polish Parliament Reshapes Courts, Drawing Criticism

Critics say the new legislation threatens judicial independence, and is little different from similar measures that were rejected last summer.

businessNews reuters.com

WestJet to gain market share with Delta joint venture: Moody's

(Reuters) - WestJet Airlines Ltd's joint venture with Delta Air Lines Inc will put the Canadian air carrier in a stronger position to gain market share, credit rating agency Moody's Investors Service said.

businessNews reuters.com

EU regulators to warn Bayer about Monsanto bid: source

BRUSSELS (Reuters) - EU antitrust regulators are set to warn Bayer its planned purchase of U.S. seed maker Monsanto may hurt competition, a person familiar with the matter said on Friday, a move that would force Bayer to offer concessions to address the concerns.

businessNews reuters.com

Steinhoff shares climb off 14-year low in volatile trade

JOHANNESBURG (Reuters) - Steinhoff shares plunged another 50 percent on Friday, before paring some losses as traders booked profits on short positions taken out after the South African retailer disclosed accounting irregularities earlier this week.

businessNews reuters.com

Deutsche Bank can cope with Basel III outcome: CFO in paper

BERLIN (Reuters) - Deutsche Bank is able to cope with the stricter capital rules on banks that were agreed this week, its finance chief told a German paper.

businessNews reuters.com

Wall Street rises as jobs data shows strength in economy

(Reuters) - U.S. stocks were pushed higher on Friday by a stronger-than-expected jobs data for November, which indicated improving economic fundamentals at the world's largest economy in the run up to a near certain interest rate hike next week.

businessNews reuters.com

U.S. tax repatriation plan may not cure long-term dollar weakness

NEW YORK (Reuters) - Investors looking for the U.S. Republican tax bill to prompt multinational companies to convert foreign profits into dollars and end the worst slide in the greenback in a decade may have to temper their hopes for a prolonged rebound.

businessNews reuters.com

CVS expects Justice Department to handle review of Aetna deal

WASHINGTON (Reuters) - CVS Health Corp expects the U.S. Justice Department to do the antitrust review of its planned acquisition of health insurer Aetna Inc, a spokesman for the drugstore chain operator said.

businessNews reuters.com

Trump says fines against Wells Fargo won't be dropped: Twitter

WASHINGTON (Reuters) - U.S. President Donald Trump said on Friday that government fines and penalties against Wells Fargo & Co will not be dropped and could be "substantially increased."

businessNews reuters.com

Strong jobs data lifts Wall Street higher

(Reuters) - Wall Street ticked higher on Friday after a stronger-than-expected jobs data for November showed that the world's largest economy has gained strength, ahead of a near certain interest rate hike next week.

businessNews reuters.com

Strong U.S. jobs growth data lifts Wall Street

(Reuters) - Wall Street's stock indexes opened higher on Friday after the latest jobs data showed strength in the U.S. economy and bolstered the case for a December interest rate hike.

businessNews reuters.com

After dramatic gains, bitcoin tumbles 20 percent in 10 hours

LONDON/TOKYO (Reuters) - Bitcoin lost almost a fifth of its value in 10 hours on Friday, having surged more than 40 percent in the preceding 48 hours, sparking fears the market may be heading for a price collapse.

worldNews reuters.com

Polish lower house of parliament approves Supreme Court overhaul

WARSAW (Reuters) - Poland's lower house of parliament approved changes to the country's Supreme Court on Friday, a key part of a planned judiciary overhaul criticized by the European Union as contrary to democratic standards.

businessNews reuters.com

Singapore's ComfortDelGro buys majority stake in Uber unit

(Reuters) - Singapore's top taxi operator ComfortDelGro Corp will buy a 51 percent stake in a unit of Uber [UBER.UL] that runs a fleet of private hire vehicles, as the companies seek to bridge the gap with dominant ride-hailing firm Grab.

worldNews reuters.com

Hungary's Jobbik asks voters to help pay 'court-martial' fine

BUDAPEST (Reuters) - Hungary's main opposition Jobbik party has launched a crowd funding campaign to raise money for a state audit authority fine that it said could cripple it in the run-up to 2018 elections.

businessNews reuters.com

Stock futures add to gains on strong November jobs data

(Reuters) - U.S. stock index futures extended gains on Friday after a Labor Department report showed job growth increased at a strong clip in November and wages rebounded.

businessNews reuters.com

JPMorgan, Citi not willing to support launch of bitcoin futures: FT

(Reuters) - Big Banks, including JPMorgan Chase and Citigroup will not immediately clear bitcoin trades for clients once Cboe Global Markets and CME Group start trading futures contracts in the cryptocurrency next week, the Financial Times reported, citing people familiar with the matter.

businessNews reuters.com

Roche, Novartis' Italian heads risk trial for alleged market rigging: sources

ROME (Reuters) - The local heads of Swiss drugmakers Roche and Novartis risk facing trial in Italy for alleged market manipulation, judicial sources said on Friday.

businessNews reuters.com

Lloyd's of London pushes ahead with Brexit plans

LONDON (Reuters) - Lloyd's of London [SOLYD.UL] will press ahead with plans to establish a foothold in the European Union regardless of progress in EU divorce talks that industry groups said was welcome but did little to dispel uncertainty.

worldNews reuters.com

South African court rules Zuma appointment of state prosecutor invalid

JOHANNESBURG (Reuters) - South Africa's High Court ruled on Friday that President Jacob Zuma's appointment of a state prosecutor to decide whether to reinstate corruption charges against him was not valid and should be set aside immediately.

businessNews reuters.com

Brexit deal helps U.S. futures bounce

(Reuters) - U.S. stock futures pointed to a higher opening for Wall Street on Friday, helped by gains for global stock markets after Britain secured EU agreement to move on from the first-round of Brexit negotiations.

businessNews reuters.com

Steinhoff shares bounce off 14-year low in volatile trade

JOHANNESBURG (Reuters) - Steinhoff shares plunged another 50 percent on Friday, before recovering as traders booked profits on short positions taken out after the South African retailer disclosed accounting irregularities earlier this week.

businessNews reuters.com

RBS CEO says U.S. settlement could slip into next year: Bloomberg

LONDON (Reuters) - Royal Bank of Scotland's chances of reaching a deal this year with the U.S. Department of Justice over its mis-selling of toxic mortgage-backed securities are "diminishing", its chief executive said in a Bloomberg TV interview.

businessNews reuters.com

VW says halts multivan deliveries amid emissions 'uncertainties'

BERLIN (Reuters) - Volkswagen said on Friday it had stopped delivering the T6 multivan to dealers after detecting that the diesel model emitted excessive nitrogen oxide levels and had reported the findings to Germany's automotive watchdog (KBA).

businessNews reuters.com

RBS CEO says chance of U.S. settlement this year diminishing: Bloomberg

LONDON (Reuters) - Royal Bank of Scotland's chances of reaching a settlement this year with the U.S. Department of Justice over its mis-selling of toxic mortgage-backed securities are "diminishing", its chief executive said in a Bloomberg TV interview.

worldNews reuters.com

Zimbabwe court postpones U.S. citizen's subversion case to January

HARARE (Reuters) - A Zimbabwean court has postponed to Jan. 4 the trial of a U.S. citizen accused of attempting to undermine the authority of former Zimbabwean president Robert Mugabe's government.

worldNews reuters.com

South Africa's high court rules Zuma appointment of state prosecutor invalid

JOHANNESBURG (Reuters) - South Africa's High Court ruled on Friday that President Jacob Zuma's appointment of a state prosecutor responsible for deciding whether to reinstate corruption charges against him was not valid and should be set aside immediately.

businessNews reuters.com

Sterling hits six-month high, stocks up as Brexit deal adds to Asian cheer

LONDON (Reuters) - A breakthrough in Brexit negotiations pushed sterling to a six-month high against the euro on Friday and added momentum to an upswing in world stocks underpinned by strong economic news from China and Japan.

businessNews reuters.com

Toshiba, Western Digital aiming to settle chip dispute next week: sources

TOKYO (Reuters) - Toshiba Corp and Western Digital Corp have agreed in principle to settle a dispute over the Japanese firm's plans to sell its $18 billion chip unit and aim to have a final agreement in place next week, sources familiar with the matter said.

businessNews reuters.com

Asia cheers China trade boost, bitcoin comes off heady heights

SYDNEY (Reuters) - Asian shares rallied for a second session on Friday as economic news from China and Japan beat all expectations while bitcoin, the market's new crypto-star, tumbled more than 10 percent after a meteoric ascent in recent weeks.

businessNews reuters.com

Volkswagen recalls 30,777 cars in Russia: standards agency

MOSCOW (Reuters) - Russia's standards agency Rosstandart said on Friday it had been informed about the recall of 30,777 Volkswagen Polo cars sold in Russia in 2015-2017.

businessNews reuters.com

Kobe Steel's copper plant loses JIS certification - government

TOKYO (Reuters) - Japanese Industrial Standards (JIS) certification for copper and copper alloy seamless pipes produced by Kobe Steel Ltd's unit Shinko Metal Products has been suspended, the nation's trade ministry said on Friday.

businessNews reuters.com

Bitcoin plummets more than 12 percent to below $15,000

TOKYO (Reuters) - Bitcoin tumbled more than 12 percent in volatile Asian trading on Friday, dropping below the $15,000 level after touching a record high above $16,000 earlier in the session.

businessNews reuters.com

Asia cheers China trade boost, bitcoin shoots for the stars

SYDNEY (Reuters) - Asian shares rallied for a second session on Friday as economic news from China and Japan beat all expectations and investors marveled at the meteoric ascent of bitcoin, the market's new crypto-star.

Politics and Government nytimes.com

Erdogan, on Landmark Visit to Greece, Sets Diplomacy Aside

President Recep Tayyip Erdogan quickly deflated hopes for improved ties during the first official trip to the country by a Turkish head of state in 65 years.

businessNews reuters.com

Toshiba, Western Digital agree in principle to settle chip dispute: sources

TOKYO (Reuters) - Toshiba Corp and business partner Western Digital Corp have agreed in principle to settle a dispute over the embattled Japanese conglomerate's plans to sell its $18 billion chip unit, sources with direct knowledge of the talks said.

businessNews reuters.com

Asia gets China trade boost, bitcoin shoots for the stars

SYDNEY (Reuters) - Asian shares rallied for a second session on Friday as economic news from China and Japan beat all expectations, and investors marveled at the meteoric ascent of the market's new crypto-star, bitcoin.

businessNews reuters.com

HSBC beefs up Asia research team with 15 new hires in China

HONG KONG (Reuters) - HSBC said on Friday that it had expanded its Asian research team by hiring 15 analysts following the launch of HSBC Qianhai Securities, the first Chinese securities joint venture to be majority-owned by a foreign bank.

businessNews reuters.com

Exclusive: Bangladesh Bank, NY Fed discuss suing Manila bank for heist damages

DHAKA (Reuters) - Bangladesh's central bank has asked the Federal Reserve Bank of New York to join a lawsuit it plans to file against a Philippines bank for its role in one of the world's biggest cyber-heists, several sources said.

politicsNews reuters.com

Judge presiding over Michael Flynn criminal case is recused: court

(Reuters) - The U.S. District Court for the District of Columbia judge presiding over the criminal case for President Donald Trump's former National Security Adviser Michael Flynn has been recused from handling the case, a court spokeswoman said on Thursday.

businessNews reuters.com

JPMorgan's Dimon taking customer pricing hints from Amazon

NEW YORK (Reuters) - JPMorgan Chase & Co expects to offer more price discounts to its banking customers who buy multiple products, similar to the way Amazon.com gives extras to its Prime subscribers, chief executive Jamie Dimon said on Thursday.

businessNews reuters.com

Bitcoin blows past $16,000, alarm bells ring louder

LONDON/NEW YORK (Reuters) - Bitcoin rocketed to a lifetime high well above $16,000 on Thursday after climbing some 67 percent over one week, intensifying the debate about whether the cryptocurrency is in a bubble about to burst.

businessNews reuters.com

Japanese shares rally, bitcoin shoots for the moon

SYDNEY (Reuters) - Asian shares rallied for a second session on Friday as investors awaited major economic data from China and the United States while marveling at the meteoric ascent of the market's new crypto-star, bitcoin.

businessNews reuters.com

Oracle's Safra Catz among two new members named to Disney board

(Reuters) - Media company Walt Disney Co on Thursday named Oracle Corp's chief executive, Safra Catz, and her counterpart at Illumina Inc , Francis A. deSouza, to its board.

politicsNews reuters.com

U.S. judge presiding over Michael Flynn criminal case is recused: court

WASHINGTON (Reuters) - The U.S. District Court for the District of Columbia judge presiding over the criminal case for President Donald Trump's former National Security Adviser Michael Flynn has been recused from handling the case, a court spokeswoman said on Thursday.

businessNews reuters.com

Alibaba redraws retail fault lines with bricks-and-mortar push

HANGZHOU, China (Reuters) - In a small village shop near the eastern Chinese city of Hangzhou, store owner Lu Qiwei uses his smartphone to place orders to refill stocks of instant noodles, rice and drinks.

businessNews reuters.com

Hilton says tax cut would finance share buybacks

NEW YORK (Reuters) - Hilton Worldwide Holdings Inc would use the windfall from a lower U.S. corporate tax rate to finance share buybacks from investors, company executives said, highlighting how corporate savings would be spent under the Republican tax plan.

companyNews reuters.com

Walmex expands Wi-Fi in Mexican stores, pushing online shopping

MEXICO CITY, Dec 7 (Reuters) - Wal-Mart de Mexico said on Thursday that it will install Wi-Fi throughout all but one of its chains in Mexico by next summer, in an attempt to collect user data and drive online sales by familiarizing shoppers with technology.

businessNews reuters.com

Goldman Sachs to clear bitcoin futures: spokeswoman

NEW YORK (Reuters) - Goldman Sachs Group Inc. is planning to clear bitcoin futures for some clients as the new contracts go live on exchanges in the coming days, a spokeswoman for the bank said on Thursday.

businessNews reuters.com

Wall Street rising: Facebook, Alphabet, Lululemon gain

(Reuters) - Wall Street rose on Thursday, buoyed by popular technology companies including Facebook and Alphabet, while shares of yoga pants seller Lululemon Athletica also worked up a sweat.

businessNews reuters.com

Bitcoin flirts with $16,000, alarm bells ring louder

LONDON/NEW YORK (Reuters) - Bitcoin rocketed to a lifetime high just shy of $16,000 on Thursday after climbing some 60 percent in just over a week, intensifying the debate about whether the cryptocurrency is in a bubble about to burst.

businessNews reuters.com

AT&T/Time Warner antitrust trial set for March

WASHINGTON (Reuters) - The trial to determine if the U.S. Department of Justice can stop AT&T Inc's $85 billion purchase of media company Time Warner Inc will begin on March 19, a federal judge in Washington said during a hearing on Thursday.

businessNews reuters.com

Exclusive: Wells Fargo sanctions are on ice under Trump official - sources

WASHINGTON (Reuters) - The new acting head of the U.S. consumer finance watchdog is reviewing whether Wells Fargo & Co should pay tens of millions of dollars over alleged mortgage lending abuse, according to three sources familiar with the dispute.

businessNews reuters.com

Exclusive: Uber's Chinese rival Didi Chuxing to enter Mexico next year - sources

MEXICO CITY/SAN FRANCISCO (Reuters) - Didi Chuxing, China's ride-hailing behemoth, plans to expand into Mexico next year, intensifying its global rivalry with Uber, according to two sources familiar with the plans.

businessNews reuters.com

Wall Street rising: Facebook, Alphabet gain

(Reuters) - Wall Street rose on Thursday, buoyed by popular technology companies including Facebook and Alphabet, while shares of yoga pants seller Lululemon Athletica also warmed up.

businessNews reuters.com

Morgan Stanley fires former lawmaker for misconduct

NEW YORK (Reuters) - Morgan Stanley has fired former U.S. Democratic lawmaker Harold Ford, Jr., a managing director at the Wall Street bank, for inappropriate conduct, a spokeswoman said on Thursday.

businessNews reuters.com

LendingClub shares take a hit from disappointing forecast

(Reuters) - Shares of LendingClub Corp hit a record low on Thursday after the online lender raised its loss estimate and cut its revenue forecast for the fourth quarter.

businessNews reuters.com

Wall Street higher as technology stocks gain ground

(Reuters) - U.S. stocks edged higher in early afternoon trading on Thursday as popular technology stocks gained a firm footing after a bout of selloff and industrial stocks rose.

businessNews reuters.com

New York pension fund seeks more pay disclosure from Wells Fargo

(Reuters) - New York state Comptroller Thomas DiNapoli is asking Wells Fargo & Co to disclose more information about employee incentive pay, an issue that was at the heart of a scandal that has roiled the third-largest U.S. lender for more than a year.

businessNews reuters.com

Honeywell to buy 25 percent of Chinese supply chain software firm

(Reuters) - Industrial conglomerate Honeywell will take a 25 percent stake in Chinese software provider Flux Information Technology, placing a long-term bet on China's rapidly growing logistics industry.

businessNews reuters.com

Uber's license suspended in British city of Sheffield

LONDON (Reuters) - Uber's license to operate in the northern English city of Sheffield was suspended last Friday after it failed to respond to requests about the management of its taxi app, the local authority said.

businessNews reuters.com

Ford to test new self-driving vehicle technology in 2018

DETROIT (Reuters) - Ford Motor Co will begin testing its latest self-driving vehicle technology next year in at least one city but has not changed its plan to begin commercial production until 2021, the company said.

businessNews reuters.com

Budweiser maker Anheuser-Busch reserves 40 Tesla electric trucks

(Reuters) - Budweiser beer maker Anheuser-Busch has reserved 40 of Tesla Inc's all-electric Semi trucks as it seeks to reduce fuel costs and vehicle emissions, the brewer said on Thursday.

companyNews reuters.com

EU to intervene in Microsoft's U.S. Supreme Court data protection case

BRUSSELS, Dec 7 (Reuters) - The European Union is to make a submission to the U.S. Supreme Court in its hearing of the U.S. Department of Justice's appeal against a ruling which prevented prosecutors from gaining access to emails held by Microsoft in Ireland.

businessNews reuters.com

Technology stocks lead Wall Street's rise

(Reuters) - The three major U.S. indexes rose in late morning trading on Thursday with stocks of technology companies leading the pack, followed by industrials.

businessNews reuters.com

Key to Pandora's turnaround: a better advertising platform

(Reuters) - Kevin Kleinman, a trader at Watchhimtrade.com, listens to music on Pandora every morning as he executes trades worth millions of dollars. But he will not bet a dime on the music streaming company.

businessNews reuters.com

Tech gains lift Nasdaq; consumer stocks weigh on S&P, Dow

(Reuters) - Gains in technology stocks helped lift the Nasdaq on Thursday, while the S&P 500 and the Dow were weighed down by losses in consumer stocks.

businessNews reuters.com

Broadcom helps lift Nasdaq; S&P, Dow slip

(Reuters) - Gains in chipmaker Broadcom and yogawear maker Lululemon helped lift the Nasdaq at the open on Thursday, while the S&P 500 and the Dow were slightly lower.

worldNews reuters.com

Thai court issues arrest warrants over arms cache

BANGKOK (Reuters) - A Thai court issued arrest warrants against five people on Thursday over the discovery of a cache of weapons, including figures with links to the "Red Shirt" followers of former prime minister Thaksin Shinawatra.

businessNews reuters.com

Bitcoin surges above $15,000 after climbing $2,000 in 12 hours

LONDON (Reuters) - Bitcoin rocketed above $15,000 for the first time on Thursday, after adding more than $2,000 to its price in fewer than 12 hours.

businessNews reuters.com

Apple suppliers gain after Broadcom hint on iPhone

(Reuters) - Shares in Skyworks Solutions Inc , Cirrus Logic Inc , and Qorvo Inc traded higher on Thursday after fellow Apple supplier Broadcom Ltd hinted the late launch of iPhone X would help revenue rise.

businessNews reuters.com

Budweiser maker Anheuser-Busch reserves 40 Tesla electric trucks: WSJ

(Reuters) - Anheuser-Busch, which makes Budweiser beers, has reserved 40 of Tesla Inc's all-electric Semi trucks as it seeks to reduce fuel costs and vehicle emissions, the Wall Street Journal reported on Thursday.

businessNews reuters.com

Steinhoff scandal knocks $12 billion off value in blow to tycoon Wiese

JOHANNESBURG/BERLIN (Reuters) - Shocked Steinhoff shareholders have wiped more than $12 billion off its value since it revealed "accounting irregularities" and parted ways with its chief executive, in a dramatic fall from grace for the South African retailer.

businessNews reuters.com

Czech Travel Service says signs deal for additional nine Boeing 737 MAX planes

PRAGUE (Reuters) - Czech airline Travel Service said on Thursday it had signed an order for nine additional Boeing 737 MAX planes for its fleet in November, increasing its total order book for the model to 39 planes.

companyNews reuters.com

Kremlin says up to arbitration court to decide on Rosneft's claim against Sistema

MOSCOW, Dec 7 (Reuters) - Kremlin spokesman Dmitry Peskov said on Thursday it was up to an arbitration court to decide on a new claim brought by Russia's largest oil producer Rosneft against Sistema conglomerate.

businessNews reuters.com

Stock futures sluggish; eyes on tax bill talks and General Electric

(Reuters) - U.S. stock futures pointed to a dull opening on Thursday with technology stocks holding on to their modest gains as traders focus on progress in tax bill negotiations and General Electric's job-cut plan.

businessNews reuters.com

General Electric to cut 12,000 jobs in power business revamp

ZURICH (Reuters) - General Electric Co announced on Thursday it was axing 12,000 jobs at its global power business as the struggling industrial conglomerate responds to dwindling demand for fossil fuel power plants.

businessNews reuters.com

German SPD leader takes aim at U.S. tech giants

BERLIN (Reuters) - The leader of Germany's Social Democrats (SPD) took aim at U.S. technology firms Apple, Facebook and Google on Thursday, saying a strong Europe was needed to make sure they stick to the rules.

businessNews reuters.com

GE to cut 12,000 jobs in power business: Bloomberg

(Reuters) - General Electric Co is planning to cut 12,000 jobs in its power business, Bloomberg reported on Thursday, citing a person familiar with the matter.

businessNews reuters.com

ExxonMobil, Chevron, Shell paid no tax in Australia for 2016

MELBOURNE (Reuters) - Exxon Mobil Corp and Chevron Corp paid no tax in Australia in the 2016 financial year, the third year in a row, despite reporting billions of dollars in income from operations in the country, a report from the tax office showed on Thursday.

businessNews reuters.com

AT&T/Time Warner antitrust hearing to focus on trial date

WASHINGTON (Reuters) - The U.S. Department of Justice and AT&T Inc will meet in court for the first time on Thursday as the antitrust regulator attempts to stop the U.S. No. 2 wireless company's $85 billion purchase of media company Time Warner Inc .

businessNews reuters.com

GE proposes to cut 1,600 jobs in Germany

BERLIN (Reuters) - General Electric said it plans to cut around 1,600 jobs in Germany as it shrinks its troubled power generation business.

businessNews reuters.com

Toymaker Lego wins Chinese copyright case against brick imitators

COPENHAGEN (Reuters) - Lego has won a landmark case in China against two companies that manufactured and sold toys almost identical to its LEGO Friends range but branded Bela, the Danish toymaker said.

businessNews reuters.com

Soros-backed GlenPoint opens New York office, co-founder to relocate

LONDON (Reuters) - London-based hedge fund manager Glen Point Capital, which raised cash from billionaire George Soros, has opened an office in New York, three sources with direct knowledge of the matter said.

businessNews reuters.com

Dollar hits two-week high on U.S. tax reform optimism, world shares climb

LONDON (Reuters) - The dollar rose to its highest level in two weeks on Thursday over optimism the United States would successfully push through tax reforms, while world shares rebounded after two straight days of losses.

companyNews reuters.com

Russian ex-minister Ulyukayev tells court he is victim of 'monstrous setup'

MOSCOW, Dec 7 (Reuters) - Former Russian economy minister Alexei Ulyukayev, accused of taking a $2 million bribe from Rosneft chief executive Igor Sechin, told a court on Thursday he was the victim of "a monstrous and cruel provocation."

businessNews reuters.com

Alibaba, Ford to cooperate in search for new retail opportunities

BEIJING/SHANGHAI (Reuters) - Alibaba Group Holding Ltd has signed a deal with Ford Motor Co to explore cooperation in areas such as cloud computing, connectivity and retail which could involve the sale of Ford cars on Alibaba's online retail platform Tmall.

businessNews reuters.com

Alibaba to cooperate with Ford Motor for new retail opportunities

BEIJING (Reuters) - China's e-commerce giant Alibaba said on Thursday it signed an agreement with Ford Motor on strategic cooperation to jointly explore areas such as connectivity, cloud computing and artificial intelligence.

businessNews reuters.com

Asia shares creep above 2-month lows, but growth, U.S. policy risks weigh

TOKYO (Reuters) - Asian shares hovered above two-month lows on Thursday as some high-tech bellwethers bounced back after a searing sell-off although softer oil and copper prices and uncertainty over U.S. policy kept many investors cautious.

businessNews reuters.com

HSBC has 3-year head start on foreign investment banking rivals in China: Gulliver

HONG KONG (Reuters) - HSBC has a three-year head start on its foreign investment banking rivals in China because of the British bank's unique position of having management control of its securities venture there, chief executive Stuart Gulliver said on Thursday.

businessNews reuters.com

Sharp to seek all-Japan OLED alliance to counter South Korea's Samsung, LG

TOKYO (Reuters) - Japan's Sharp Corp will ask the government to help it form an alliance with rival Japan Display Inc in OLED technology to better compete with South Korean makers, its chief executive said on Thursday.

businessNews reuters.com

Bitcoin to start futures trading, stoking Wild West worries

NEW YORK (Reuters) - Bitcoin fans are salivating over the potential of long-awaited legitimacy for the cyptocurrency when futures trading launches this weekend, but experts worry the risks associated with bitcoin's Wild West-like nature could overshadow the debut.

businessNews reuters.com

Breaking slow: Asia set to raise rates next year, but still lag Fed

HONG KONG (Reuters) - Tighter monetary policy is coming to Asia next year. Yet it will lag the Federal Reserve's rate hikes as Asian central banks balance an exports-led revival in growth with a slowdown in regional locomotive China.

businessNews reuters.com

Digital currency exchange NiceHash says bitcoin worth nearly $64 million hacked

(Reuters) - Cryptocurrency marketplace NiceHash said the contents of its bitcoin wallet had been stolen in a security breach and one executive said nearly $64 million had been lost.

businessNews reuters.com

Asia shares hover near 2-month low as growth, U.S. policy risks weigh

TOKYO (Reuters) - Asian shares hovered near two-month lows on Thursday as softer oil and copper prices and uncertainty over U.S. policy kept many investors on the sidelines, even as some high-tech bellwethers bounced back after a searing sell-off.

politicsNews reuters.com

Trump administration sides against unions in high court fees case

WASHINGTON (Reuters) - The Trump administration on Wednesday said it would oppose public sector unions in a major case currently before the U.S. Supreme Court, reversing the view taken by the Obama administration in an identical dispute.

businessNews reuters.com

Air New Zealand cancels flights after "events" involving Rolls-Royce engines

(Reuters) - Air New Zealand Ltd said on Thursday "two recent events" involving Rolls-Royce Holdings PLC Trent 1000 engines had prompted it to cancel and delay some international flights over the coming weeks, making it the latest airline to experience problems.

businessNews reuters.com

Asia shares hover near two-month low as growth, U.S. policy risks sap sentiment

TOKYO (Reuters) - Asian shares held close to a two-month low on Thursday as softer oil and copper as well as U.S. policy uncertainty kept sentiment in check, while high-tech stocks struggled to recover after a searing sell-off.

businessNews reuters.com

Bitcoin rises above $14,000 on Bitstamp to record high

TOKYO (Reuters) - Bitcoin soared to a record high of $14,047.40 on Thursday, continuing its surge from below $1,000 at the beginning of the year.

businessNews reuters.com

VW executive gets seven years for U.S. emissions fraud

DETROIT (Reuters) - A U.S.-based Volkswagen AG executive who oversaw emissions issues was sentenced to seven years in prison and fined $400,000 by a judge on Wednesday for his role in a diesel emissions scandal that has cost the German automaker as much as $30 billion.

businessNews reuters.com

Chevron sets 2018 capital budget at $18.3 billion

(Reuters) - Oil and gas major Chevron Corp announced an $18.3 billion capital and exploratory budget on Wednesday.

businessNews reuters.com

Exclusive: Uber paid 20-year-old Florida man to keep data breach secret - sources

SAN FRANCISCO/WASHINGTON (Reuters) - A 20-year-old Florida man was responsible for the large data breach at Uber Technologies Inc last year and was paid by Uber to destroy the data through a so-called "bug bounty" program normally used to identify small code vulnerabilities, three people familiar with the events have told Reuters.

politicsNews reuters.com

U.S. appeals court hears arguments on Trump travel ban

SEATTLE/SAN FRANCISCO (Reuters) - A U.S. appeals court on Wednesday wrestled with a bid by President Donald Trump to show that his latest travel ban targeting people from six Muslim-majority countries is legal.

businessNews reuters.com

Surging online orders slow Wal-Mart delivery network

SEATTLE/CHICAGO (Reuters) - Wal-Mart Stores Inc said on Wednesday that soaring online purchases have caused delays in its distribution network, reflecting the challenge retailers and delivery services face in handling strong peak-season ecommerce demand.

businessNews reuters.com

Disney CEO likely to extend tenure if Fox deal happens: WSJ

(Reuters) - Walt Disney Co Chief Executive Bob Iger will likely extend his tenure past 2019 to facilitate integration of Twenty-First Century Fox Inc assets if a deal is completed, the Wall Street Journal reported on Wednesday.

businessNews reuters.com

Tech recovers, but not enough to push Wall St higher

(Reuters) - The S&P 500 fell a tiny bit on Wednesday, with Microsoft and other technology stocks making modest gains but not quite offsetting losses in energy shares after oil prices dropped more than 2 percent.

businessNews reuters.com

Volkswagen executive sentenced to seven years for U.S. emissions fraud

DETROIT (Reuters) - A U.S.-based Volkswagen AG executive who oversaw emissions issues was sentenced to seven years in prison and fined $400,000 by a judge on Wednesday for his role in a diesel emissions scandal that has cost the German automaker as much as $30 billion.

businessNews reuters.com

Citigroup sees 'high teens' percentage decline in fourth-quarter markets revenue

NEW YORK (Reuters) - Citigroup Inc fourth-quarter markets revenue is on track to be down by a "high-teens" percentage from a year earlier, Chief Financial Officer John Gerspach said on Wednesday.

businessNews reuters.com

Airbus faces hectic December to meet 2017 delivery goal

PARIS (Reuters) - Airbus lagged Boeing in jet production and sales in the first 11 months of the year but left itself a shot at meeting full-year delivery targets after unblocking delayed engine supplies for its upgraded A320neo jet, company data showed on Wednesday.

businessNews reuters.com

Bitcoin zooms above $13,000 to record high on relentless demand

TOKYO/NEW YORK (Reuters) - Bitcoin extended its rally on Wednesday, breaking above $13,000 to a record high despite questions about the cryptocurrency's real value and worries about a dangerous bubble.

businessNews reuters.com

Uber's top European dealmaker to step down from role

(Reuters) - Uber Technologies Inc's top European dealmaker is stepping down from his role, the latest in a series of management changes at the ride-hailing service.

businessNews reuters.com

Tech recovery nudges Wall Street higher

(Reuters) - Wall Street's main indexes edged higher on Wednesday, with Microsoft and other technology stocks making modest gains and helping offset losses in energy shares after oil prices dropped more than 2 percent.

businessNews reuters.com

Canada's swipe at Boeing jets could open way for European rivals

OTTAWA (Reuters) - Canada's decision to shun Boeing Co jets could open the way for European rivals seeking to supply new fighters, assuming the government can sort out major procurement challenges, three sources familiar with the matter said on Wednesday.

businessNews reuters.com

EU urges internet companies to do more to remove extremist content

(Reuters) - Internet groups such as Facebook , Google's YouTube and Twitter need to do more to stem the proliferation of extremist content on their platforms, the European Commission said after a meeting on Wednesday.

businessNews reuters.com

General Electric to cut 4,500 jobs in Europe: source

(Reuters) - General Electric Co plans to cut as many as 4,500 jobs in Europe as the U.S. industrial conglomerate shrinks its troubled power generation business, a labor union source said on Tuesday.

businessNews reuters.com

Home Depot sets $15 billion share buyback, investment plan

(Reuters) - Home Depot Inc announced a $15 billion share buyback plan on Wednesday and said it would invest in improving its stores to hit a $120 billion annual sales target in the next three years.

businessNews reuters.com

U.S. Comptroller halts plan to remove in-house bank examiners

WASHINGTON (Reuters) - Bank examiners can continue working inside the banks they supervise, U.S. Comptroller of the Currency Joseph Otting said on Wednesday, in a policy reversal for the U.S. banking regulator.

businessNews reuters.com

Deutsche Boerse chairman considering early departure: Handelsblatt

BERLIN (Reuters) - Deutsche Boerse Chairman Joachim Faber is considering quitting as head of the exchange operator's supervisory board as early as in 2019, Handelsblatt reported, citing sources in the finance industry.

businessNews reuters.com

Wall Street flat; rise in tech stocks offsets energy lag

(Reuters) - Wall Street's main indexes were little changed on Wednesday, with technology stocks clinging on to modest gains and helping offset losses in energy shares after oil prices slipped more than 2 percent.

businessNews reuters.com

Google beats class action sex bias claims, for now

(Reuters) - A California state judge has dismissed class action claims accusing Alphabet Inc's Google of paying female employees less than men and giving them fewer opportunities for promotions.

businessNews reuters.com

Italy fines Unilever for abuse of dominant position in ice cream

ROME (Reuters) - Italy's antitrust agency said on Wednesday it had fined Unilever's Italian unit more than 60 million euros ($70.7 million) for abuse of its dominant position in the country's ice cream market.

businessNews reuters.com

Wall Street hits a lull even as technology stocks gain

(Reuters) - Wall Street turned weary in late morning trading on Wednesday, with a slide in energy stocks and Home Depot offsetting gains in technology sector as investors readjust their stock holdings.

businessNews reuters.com

German prosecutors begin initial inquiry into BMW diesel emission allegations

MUNICH (Reuters) - Munich prosecutors have opened a preliminary inquiry into allegations made this week by Germany's main environmental lobby group that a BMW diesel model is fitted with engine software capable of cheating on emissions tests.

businessNews reuters.com

T-Mobile rolls out buyback plan after Sprint deal talks collapse

(Reuters) - T-Mobile US Inc said its board approved the U.S. wireless carrier's first-ever buyback program, a month after the company and rival Sprint Corp ended their deal talks.

businessNews reuters.com

Wal-Mart drops Stores from name to shed brick and mortar image

(Reuters) - Wal-Mart Stores Inc will be known as Walmart Inc, effective Feb. 1, the world's largest retailer said on Wednesday, as part of its efforts to rebrand itself as more than a brick and mortar store.

businessNews reuters.com

Munich prosecutors start initial inquiry into BMW emissions allegations

MUNICH (Reuters) - Munich prosecutors said on Wednesday they had opened a preliminary inquiry into allegations raised by Germany's main environmental lobby that a BMW diesel model is fitted with engine software capable of cheating on emissions tests.

businessNews reuters.com

Tech stocks rise in choppy Wall Street trading

(Reuters) - Wall Street treaded water in choppy morning trading on Wednesday with gains in technology stocks offsetting losses in financial shares.

businessNews reuters.com

U.S. unit labor costs decline for two straight quarters

WASHINGTON (Reuters) - U.S. unit labor costs were much weaker than initially thought, declining both in the second and third quarters of this year, suggesting that inflation could remain benign for a while.

companyNews reuters.com

BRIEF-The Federal Court Of Appeals Has Ruled To Uphold The Suspension Order Against The Volta Grande Project Construction Licence

* BELO SUN REPORTS THAT THE FEDERAL COURT OF APPEALS HAS RULED TO UPHOLD THE SUSPENSION ORDER AGAINST THE VOLTA GRANDE PROJECT CONSTRUCTION LICENCE

businessNews reuters.com

Nasdaq set to recede for the fourth day

(Reuters) - The Nasdaq was set to fall for the fourth day on Wednesday as investors ditched the year's best performers on doubts over stretched valuations and the impact of a U.S. tax overhaul on corporate earnings.

businessNews reuters.com

'Swiss-made' label lacks precision for watch industry

ZURICH (Reuters) - If you buy a "Swiss-made" watch thinking it's almost entirely produced in Switzerland, you might be mistaken.

Terrorism nytimes.com

Plot to Kill U.K. Prime Minister Foiled, Court Hears

Prosecutors described a plan to bomb Theresa May’s offices and residence on Downing Street and then to stab her to death.

businessNews reuters.com

Volkswagen executive faces sentencing in U.S. emissions fraud case

DETROIT (Reuters) - Volkswagen AG executive Oliver Schmidt will be sentenced in federal court in Detroit on Wednesday for his part in a diesel emissions scandal that has cost the German automaker as much as $30 billion.

businessNews reuters.com

UnitedHealth to buy DaVita primary care unit for $4.9 billion

(Reuters) - U.S. health insurer UnitedHealth Group Inc on Wednesday announced a $4.9 billion deal to buy a unit of DaVita Inc, looking to bolster its primary and urgent care services.

businessNews reuters.com

T-Mobile board approves up to $1.5 billion buyback program

(Reuters) - U.S. wireless carrier T-Mobile US Inc said on Wednesday its board authorized a buyback program for up to $1.5 billion of the company's common stock.

businessNews reuters.com

Britain pushes back date for provisional findings on Sky-Fox deal

LONDON (Reuters) - Britain's competition regulator will publish its provisional findings on Rupert Murdoch's planned takeover of Sky next month, later than expected, but the overall timing of the review should remain unchanged.

businessNews reuters.com

UnitedHealth to buy DaVita's medical unit for $4.9 billion

(Reuters) - UnitedHealth Group Inc said on Wednesday it would buy kidney care services provider DaVita Inc's medical unit for about $4.9 billion cash, as the health insurer looks to expand operations in outpatient care services.

businessNews reuters.com

Home Depot sets new $15 billion buyback, long-term sales target

(Reuters) - Home Depot Inc , the largest U.S. home improvement chain, on Wednesday announced a new $15 billion share buyback plan and set a target to grow annual sales to between $114.7 billion and $119.8 billion for the year ending January 2021.

businessNews reuters.com

Luxury brands lifted by EU court backing for online sales ban

LUXEMBOURG (Reuters) - Coty and other luxury brands scored a landmark victory on Wednesday in their bid to stop retailers selling their products on online platforms such as Amazon and eBay when Europe's top court backed their right to protect their image.

businessNews reuters.com

Tech tremors spread to financials to spoil global rally

LONDON (Reuters) - Tremors in technology stocks spread to Europe on Wednesday, with weaker metals prices and flagging financials also tripping up a rally that had taken world equities to record highs.

worldNews reuters.com

Man appears in court accused of trying to kill British PM May

LONDON (Reuters) - A 20-year-old man appeared in court on Wednesday accused of plotting to kill British Prime Minister Theresa May by first detonating an explosive device to get into her Downing Street office.

cnn.com

British PM assassination plot suspect in court

A man who allegedly plotted to assassinate British Prime Minister Theresa May appeared in court Wednesday charged with terrorism offenses.

businessNews reuters.com

California Department of Insurance seeks to suspend Wells Fargo's licenses

(Reuters) - The California Department of Insurance is seeking to suspend or revoke Wells Fargo & Co's licenses for alleged improper insurance sales practices related to the company's online insurance referral program.

businessNews reuters.com

Home Depot announces $15 billion buyback program

(Reuters) - Home Depot Inc , the largest U.S. home improvement chain, on Wednesday announced a $15 billion share repurchase plan and set a target to grow annual sales to between $114.7 billion and $119.8 billion by the year ending January 2021.

businessNews reuters.com

Britain pushes back date for provisional findings in Sky-Fox deal

LONDON (Reuters) - Britain's competition regulator will publish its provisional findings into the planned takeover of pay-TV group Sky by Rupert Murdoch's Fox in January and not December as originally planned, it said on Wednesday.

businessNews reuters.com

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

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.

businessNews reuters.com

Luxury brands boosted by court ruling for online sales ban

LUXEMBOURG (Reuters) - Coty and other luxury brand owners scored an important victory on Wednesday in their bid to prevent retailers selling their products on online platforms such as Amazon and eBay after Europe's top court said they have the right to do so to preserve their image.

companyNews reuters.com

REFILE-UPDATE 1-Luxury brands boosted by court ruling for online sales ban

LUXEMBOURG, Dec 6 (Reuters) - Coty and other luxury brand owners scored an important victory on Wednesday in their bid to prevent retailers selling their products on online platforms such as Amazon and eBay after Europe's top court said they have the right to do so to preserve their image.

businessNews reuters.com

Tech tremors, metals spoil global rally

LONDON (Reuters) - Tremors in tech stocks spread to Europe on Wednesday, with weaker metals prices also tripping up a rally in world stocks which had taken them to record highs.

companyNews reuters.com

UPDATE 1-Luxury brands boosted by court ruling for online sales ban

LUXEMBOURG, Dec 5 (Reuters) - Coty and other luxury brand owners scored an important victory on Wednesday in their bid to prevent retailers selling their products on online platforms such as Amazon and eBay after Europe's top court said they have the right to do so to preserve their image.

businessNews reuters.com

Hong Kong's premium office space ranked world's most expensive

HONG KONG (Reuters) - Hong Kong's premium office space has topped the charts as the world's most expensive for the second consecutive year, outpacing prices in No. 2 Midtown New York by 66 percent, according to property consultancy JLL.

worldNews reuters.com

Zimbabwe court again postpones former finance minister's bail hearing

ZIMBABWE (Reuters) - A Zimbabwean court has postponed to Thursday the bail hearing of former finance minister Ignatius Chombo, who is facing charges of corruption dating back two decades.

businessNews reuters.com

Europe's top court says Coty can impose online sales ban

BRUSSELS (Reuters) - U.S. cosmetics company Coty can block retailers from selling their products on online platforms, Europe's top court said on Wednesday.

businessNews reuters.com

Exclsuive: China's Xiaomi seeks bank pitches for 2018 IPO - sources

HONG KONG (Reuters) - Chinese smartphone maker Xiaomi Inc has asked banks to pitch next Friday for an initial public offering in 2018, people familiar with the plan told Reuters.

businessNews reuters.com

easyJet takes on Lufthansa with German domestic routes

BERLIN (Reuters) - Britain's easyJet will start competing with Lufthansa's airlines on domestic German routes from Berlin next month, following its planned takeover of parts of insolvent Air Berlin, it said on Wednesday.

E-Commerce nytimes.com

Death of Retail? 2017 Was All About the Empire of Luxury E-Tail

These are the Napoleons busy dividing the shopping streets of the virtual world between them.

businessNews reuters.com

Exclusive: China's Xiaomi seeks bank pitches for 2018 IPO - sources

HONG KONG (Reuters) - Chinese smartphone maker Xiaomi Inc has asked banks to pitch next Friday for an initial public offering in 2018, people familiar with the plan told Reuters.

businessNews reuters.com

Asia stocks hit 2-month low as risk sentiment sours broadly

TOKYO (Reuters) - Asian stocks slipped across the board on Wednesday as various factors including weaker metals prices and monetary policy concerns in China soured investor risk sentiment.

businessNews reuters.com

China's Xiaomi seeks bank pitches for 2018 IPO: sources

HONG KONG (Reuters) - Chinese smartphone maker Xiaomi Inc has asked banks to pitch next Friday for an initial public offering in 2018, people familiar with the plan told Reuters.

businessNews reuters.com

Exclusive: Baupost expected to make quick profit in Westinghouse bankruptcy- sources

(Reuters) - Hedge funds led by the Baupost Group LLC are poised to score a $170 million profit in less than three months from a bet tied to Toshiba Corp's bankrupt nuclear unit Westinghouse Electric Corp, according to three people familiar with the matter.

businessNews reuters.com

Winter holiday travel forecast to give U.S. airlines needed boost

(Reuters) - The holiday travel period will be busier than last year for U.S. airlines, according to an industry trade group on Wednesday, as affordable fares and an improving economy make air travel more accessible.

businessNews reuters.com

Bitcoin surges above $12,000 to record high on relentless demand

TOKYO (Reuters) - Bitcoin extended its eye-popping rally on Wednesday, breaking above $12,000 to a record high despite questions about the cryptocurrency's real value and worries about a dangerous bubble.

worldNews reuters.com

Thai court jails man for 27 years over Bangkok hospital bomb

BANGKOK (Reuters) - A Thai court sentenced a 62-year-old man to 27 years in prison on Wednesday for planting a bomb at a Bangkok hospital that wounded 21 people.

businessNews reuters.com

U.S. urges judge to reject AT&T/Time Warner court date proposal

WASHINGTON (Reuters) - The U.S. government on Tuesday urged a federal judge to reject the February court date sought by AT&T and Time Warner in a dispute over the firms' proposed merger, arguing the companies are rushing to meet an April 22 closing deadline for their $85.4 billion deal.

businessNews reuters.com

Bitcoin extends gains, rises above $12,000 to record high

TOKYO (Reuters) - Bitcoin retained its overnight momentum and rose to a record high of $12,205.46 on Wednesday, continuing its rally from below $1,000 at the year's start.

businessNews reuters.com

Asia stocks stumble on Wall Street losses, dollar sags

TOKYO (Reuters) - Asian stocks slipped on Wednesday, dragged by losses on Wall Street as the technology sector stuttered yet again after a brief rebound, while the dollar sagged on lower long-term U.S. yields.

cnn.com

How a cake dispute reached the highest court

5 years ago, a baker clashed with two customers over a cake to honor their same-sex marriage. That confrontation has now reached the US Supreme Court.

businessNews reuters.com

Asia stocks pressured by Wall Street losses, dollar sags

TOKYO (Reuters) - Asian stocks slipped on Wednesday, pressured by losses on Wall Street as the technology sector stuttered yet again after a brief rebound, while the dollar sagged on lower long-term U.S. yields.

businessNews reuters.com

Google pulls YouTube from Amazon devices, escalating spat

(Reuters) - A rare public spat in the technology industry escalated on Tuesday when Google said it would block its video streaming application YouTube from two Amazon.com Inc devices and criticized the online retailer for not selling Google hardware.

healthNews reuters.com

Australian watchdog takes GlaxoSmithKline, Novartis units to court

(Reuters) - The Australian Competition and Consumer Commission (ACCC) on Wednesday said it is taking local units of GlaxoSmithKline and Swiss healthcare company Novartis to court over false or misleading representations in the marketing of pain relief products.