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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.


'Tiger Cub' Griffin shuts his Blue Ridge hedge fund after 21 years

BOSTON (Reuters) - John Griffin is shutting his $6 billion Blue Ridge Capital hedge fund after more than two decades, becoming the latest high profile investor to liquidate his business as industry...


Votorantim Energia, Canada pension board form JV to invest in power

(Reuters) - Canada Pension Plan Investment Board (CPPIB) and Brazil's Votorantim Group's energy unit Votorantim Energia have formed a joint venture that will buy two operational wind parks in...


UPDATE 1-Uber investor departs venture firm amid harassment claims

SAN FRANCISCO, Dec 14 (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.


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.


Investors pull most money in 2017 from U.S. stock funds: Lipper

NEW YORK (Reuters) - Investors pulled $16.2 billion from U.S.-based equity funds during the latest week, according to Lipper, marking the largest withdrawals since December 2016.


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.


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.


Exclusive: Guggenheim Partners working to quell investor concern about management

NEW YORK (Reuters) - Top executives at asset manager and investment bank Guggenheim Partners LLC are working to quell clients' concerns about the fate of their chief executive officer and about an...


Column: New U.S. state retirement plans are welcome, but why so expensive?

CHICAGO (Reuters) - Next month, Oregon will become the first U.S. state to start automatically signing up workers to save for retirement if they do not already have a workplace 401(k).


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.


UPDATE 1-Banks drag European shares down as investors await Draghi

* Wind turbine makers boosted by U.S. tax development (ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets)


Banks drag European shares down as investors eye BoE, ECB meetings

LONDON, Dec 14 (Reuters) - Weakness in bank stocks dragged European shares to a downbeat open on Thursday as financial sectors caught the cold from U.S. and Asian trading which suffered from a less hawkish than expected tone from the U.S. Federal Reserve.


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.

Sen. Sanders: Trump should resign

Sen. Bernie Sanders (I-VT) says he thinks President Trump should resign over allegations of sexual assault levied against him.


BRIEF-Boulevard Acquisition Says Institutional Investors Agreed To Private Placement Of New Estre Shares For About $130 Mln



Ex-New York town official sentenced to two-and-half years for bond fraud

NEW YORK (Reuters) - A former elected official of a New York City suburb was sentenced to 2-1/2 years in prison on Wednesday following his conviction in what U.S. prosecutors have called the first criminal securities fraud case brought over municipal bonds.


Use balance transfers to start 2018 with path to pay off debt

NEW YORK (Reuters) - When the U.S. Federal Reserve raises interest rates, as it did on Wednesday by a quarter-percentage point, the first pinch consumers usually feel is higher interest rates on...


BRIEF-General American Investors Announces Actions Taken By Board


RealReal Inc

Critical Shopper: Why You Should Love Secondhand Fashion Now

The RealReal, the luxury consignment site, has opened its first store.


Activist investor Primestone urges Tennant to merge with Nilfisk

COPENHAGEN/LONDON (Reuters) - Activist hedge fund Primestone Capital on Wednesday urged U.S. cleaning equipment company Tennant and Danish peer Nilfisk to consider merging after building up minority...


UPDATE 2-Activist investor Primestone urges Tennant to merge with Nilfisk

COPENHAGEN/LONDON, Dec 13 (Reuters) - Activist hedge fund Primestone Capital on Wednesday urged U.S. cleaning equipment company Tennant and Danish peer Nilfisk to consider merging after building up minority stakes in both firms.


DoubleLine's Gundlach says investors should add commodities in portfolios: CNBC

NEW YORK (Reuters) - DoubleLine CEO Jeffrey Gundlach said on Wednesday that his best investment idea for the new year is commodities, against the backdrop of increasing global economic activity and...

Analysis: 8 numbers that should terrify Republicans

The Alabama Senate race is over. Doug Jones -- improbably -- is coming to Washington as the next senator from the state. Roy Moore isn't.


Grad students plead for mercy from U.S. tax overhaul

CHICAGO (Reuters) - Graduate student Mollie Marr is worried that the U.S. tax overhaul working its way through Congress will force her and many other fellow students to give up on their educations.


PDVSA bonds initially valued at 19.25 cents at CDS auction

NEW YORK, Dec 13 (IFR) - Bonds of Venezuela's PDVSA were valued at 19.25 cents on the dollar in the first stage of an auction Wednesday to determine the payout on credit default swaps tied to the state-owned oil company.


UPDATE 3-Italian bonds, bank stocks hit as prospect of March election reignites political uncertainty

* Broader markets await Fed rate decision (Adds stocks market reaction, quotes)


France's Macron to attend Russia investor forum in 2018: RIA

MOSCOW (Reuters) - French President Emmanuel Macron will be a guest of honor at an economic forum to be held in Russia's second-largest city St. Petersburg next year, Russian Foreign Minister Sergei Lavrov said on Wednesday, the RIA news agency reported.


UPDATE 2-European stock, bond futures open on Eurex after delay

LONDON, Dec 13 (Reuters) - The start of trading in government bond and stock market futures on the derivatives and futures exchange Eurex was delayed by around 50 minutes on Wednesday after the platform suffered "serious issues".


Behind bitcoin boom, Japanese retail investors pile in

* Japanese traders said to account for up to half of bitcoin trade


Brazil's Oi files new restructuring plan allowing takeover by bondholders

SAO PAULO, Dec 12 (Reuters) - Brazilian telecommunications company Oi SA filed late on Tuesday a new restructuring plan with the Rio de Janeiro court sweetening the terms for bondholders and government credits in a push to get approval in a key creditors meeting on Dec. 19.

Spokesman says Moore 'probably' thinks homosexual conduct should be illegal

Roy Moore campaign spokesman Ted Crockett defends his candidate's views on homosexuality.


Public pension funded ratio up in third quarter 2017: report

NEW YORK (Reuters) - The funded status of 100 of the largest U.S. public pension plans grew by $36 billion in third quarter of 2017, boosted by strong equity returns, according to a report released...

Courts and the Judiciary

Op-Ed Contributor: Law Schools Should Protect Students From Judges Like Alex Kozinski

Professors should refuse to send students to a problematic judge and publicly explain why.


Older women should not take hormones to prevent chronic diseases

(Reuters Health) - Postmenopausal women should not use hormone therapy to prevent chronic medical conditions, because the risk of significant side effects outweighs the unclear evidence of a benefit, according to a government-backed panel of experts.

Key GOP senator: These Trump picks shouldn't be judges

Senate Judiciary Committee Chairman Chuck Grassley issued a rare rebuke Tuesday of two of President Donald Trump's most controversial judicial nominees, urging the White House to rethink the picks.


Desjardins, credit union centrals, Cumis to form Aviso Wealth

(Reuters) - Canadian asset manager Desjardins Group is partnering with five credit union centrals and insurer Cumis Group to form a wealth management firm with about C$55 billion ($42.74 billion) in...

Dating and Relationships

The Sweet Spot: That Age-Old Question: How Much Sexual History Should I Share?

A reader wonders whether to tell her fiancé that she has slept with a couple of friends, and if “not telling” is the same as lying.

Hey, President Trump, you should definitely come to visit London

Dear President Donald Trump, I've heard some rumors in the British media that you're considering a trip over to the United Kingdom.


Vanguard looks to blockchain for index data

BOSTON (Reuters) - Vanguard Group Inc is moving to use blockchain to simplify how it updates index data underlying mutual funds, executives said on Monday, an important sign of confidence for the new...


Sanofi investors hungry for drug progress and deal news

PARIS (Reuters) - Sanofi still needs to convince markets it can deliver on an exciting and sustainable growth path as it contends with fresh difficulties in its vaccines arm and looks set for another gloomy year in diabetes, investors told Reuters.


Major Cineworld investor 'uncomfortable' with debt for Regal deal

LONDON (Reuters) - One of the biggest shareholders in Cineworld has expressed concern about the company's $3.6 billion takeover of bigger U.S. rival Regal Entertainment, saying it is uncomfortable with the debt the British business will take on to finance the deal.


UPDATE 1-Seadrill bondholders propose alternative debt restructuring -sources

OSLO, Dec 12 (Reuters) - An unofficial committee of Seadrill's unsecured bondholders has submitted a binding alternative proposal for the company's restructuring, two sources familiar with the proposal told Reuters on Tuesday.


Seadrill bondholders propose alternative debt restructuring -sources

OSLO, Dec 12 (Reuters) - An unofficial committee of Seadrill's unsecured bondholders has submitted a binding alternative proposal for the company's restructuring, two sources familiar with the proposal told Reuters on Tuesday.


Big investors press major companies to step up climate action

OSLO (Reuters) - More than 200 institutional investors with $26 trillion in assets under management said on Tuesday they would step up pressure on the world's biggest corporate greenhouse gas emitters to combat climate change.


The write stuff: Life lessons from author James Patterson

NEW YORK (Reuters) - (The writer is a Reuters contributor. The opinions expressed are his own.)

#MeToo Movement

Op-Ed Contributor: I’m Not Convinced Franken Should Quit

Congress needs a new process for investigating harassment complaints and disciplining offenders.


Fidelity keeps $2 billion mandate in New York after star manager's departure

BOSTON (Reuters) - A large New York state retirement plan said on Monday it would keep a popular Fidelity tech fund, whose portfolio manager recently left the company after being accused of sexual...


Marcato says Deckers' rejected offer to settle proxy contest

BOSTON (Reuters) - After months of turning up the heat on Deckers Outdoor Corp, hedge fund Marcato Capital Management recently proposed a settlement that the UGG boot maker rejected, a filing...


Fidelity fund keeps $2 billion mandate in New York after manager's departure

BOSTON (Reuters) - A popular Fidelity Investments tech fund, whose manager left the company after being accused of sexual harassment, has retained a mandate to manage more than $2 billion for a New...


Marcato sets condition for Deckers interviewing its nominees

(Reuters) - Marcato said on Monday it was open to a proposal by Deckers Outdoor Corp's board to interview the activist investor's nominees only if the footwear maker was willing to reach a settlement...


'More to come' after bitcoin futures launch: Cboe CEO

NEW YORK (Reuters) - The generally smooth launch of bitcoin futures on Cboe Global Markets could pave the way for other cryptocurrency-related products like options and ETFs, the head of the exchange operator said in an interview on Monday.


U.S. fund firms make new push for bitcoin ETFs as futures debut

(Reuters) - Fund managers are racing to launch exchange-traded funds (ETFs) based on bitcoin after futures contracts based on the high-flying digital currency began trading on Sunday.


BRIEF-Capital World Investors Reports A 13.8 Percent Passive Stake In Neovasc Inc



Two fund firms make new push for bitcoin ETFs as futures debut

(Reuters) - Two fund managers are going back to U.S. securities regulators for permission to launch exchange-traded funds (ETFs) based on bitcoin, filings showed on Monday, after futures contracts...


Futures inch up, bitcoin grabs investor interest

(Reuters) - U.S. stock futures pointed to a higher opening for Wall Street on Monday, with the launch of bitcoin futures raising investor interest in cryptocurrency related companies.


US STOCKS-Futures inch up, bitcoin grabs investor interest

Dec 11 (Reuters) - U.S. stock futures pointed to a higher opening for Wall Street on Monday, with the launch of bitcoin futures raising investor interest in cryptocurrency related companies.

Nikki Haley: Trump's accusers should be heard

US Ambassador to the United Nations Nikki Haley said during an interview on CBS' "Face The Nation" that the women who have accused President Trump of sexual misconduct "should be heard."

Haley on Trump accusers: 'We should all be willing to listen to them'

US Ambassador to the United Nations Nikki Haley said Sunday that any women who speak up about inappropriate sexual behavior "should be heard," including President Donald Trump's accusers.

Haley, Nikki R

Nikki Haley Says Women Who Accuse Trump of Misconduct ‘Should Be Heard’

The comments by Ms. Haley, the United Nations ambassador, were a break from the administration’s assertions that the allegations have no merit and should be dismissed.


Haley: Women accusers should be heard, even if Trump is target

WASHINGTON (Reuters) - U.N. Ambassador Nikki Haley said on Sunday she believes any woman who has felt violated or mistreated by a man has every right to speak up, even if it is President Donald Trump they are accusing.


Czech PM designate: EU should not push us over migrants - paper

PRAGUE (Reuters) - The designated Czech Prime Minister Andrej Babis said that the European Union should not push Czechs over their refusal to shelter asylum-seekers, because it could strengthen extremist parties in the country.


BRIEF-Capital Research Global Investors Reports 12.6 Pct Passive Stake In Bandwidth Inc As Of Nov 30



BRIEF-Capital Research Global Investors Reports 11.1 Pct Passive Stake In Integra Lifesciences As Of Nov 30



SEC to delay mutual fund disclosures in cybersecurity push

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission said on Friday it would delay new submissions of portfolio data by mutual funds, as the regulator beefs up its cybersecurity.


Farenthold should resign if misconduct accusations true: senior House Republican

WASHINGTON (Reuters) - U.S. Representative Cathy McMorris Rodgers, the fourth-ranking Republican in the House of Representatives, on Friday told Fox News Channel that fellow Republican Representative Blake Farenthold should resign if an ethics investigation finds that sexual misconduct accusations against him have merit.


Some Venezuela bondholders receive payments on PDVSA 2017N, 2010 bonds

CARACAS, Dec 8 (Reuters) - Some bondholders have received late interest payments on Venezuelan state oil company PDVSA's 2017N and 2020 bonds, three market sources said on Friday.

United States Politics and Government

Dina Powell, Influential Foreign Policy Adviser, Is Set to Leave White House

Dina Powell, a deputy national security adviser to President Trump, has been a key player on a variety of issues and a top ally of Ivanka Trump and Jared Kushner.

'Crown' star Matt Smith on who should play Meghan Markle

Meghan Markle is not only joining Britain's real royal family, she could also have a part in the fictitious one.


UBS investment bank head wary on 2018 outlook

ZURICH (Reuters) - The head of Swiss bank UBS's investment banking business gave a cautious outlook for market conditions next year, with fees set to fall again and volatility staying low.


City of London sticks to Brexit plans despite progress

LONDON (Reuters) - London's financial industry welcomed progress on a divorce deal with the European Union on Friday but said it saw little reason to alter preparations for when Britain leaves the EU.


UPDATE 1-China imposes record fine on Guangfa Bank over guarantees for defaulted bonds

BEIJING, Dec 8 (Reuters) - China's banking regulator has confiscated illegal income and imposed fines on China Guangfa Bank Co totalling 722 million yuan ($109 million) for providing illegal guarantees for defaulted corporate bonds sold through an Alibaba-backed online finance platform, it said on Friday.


Russian speaker says lawmakers should shun Olympics if no national flag: Ifax

MOSCOW (Reuters) - Russian lawmakers should not attend the 2018 Pyeongchang Olympics to support athletes unless they are competing under the Russian flag, the Interfax news agency quoted Russian parliament speaker Vyacheslav Volodin as saying on Friday.

Race and Ethnicity

Contributing Op-Ed Writer: Should Medicine Discard Race?

Science has revealed how arbitrary those categories are. Perhaps doctors will abandon them, too.


Vatican should bring money-laundering cases to trial, watchdog agency says

VATICAN CITY (Reuters) - The Vatican needs to bring cases of suspected money laundering to trial, a European finance watchdog urged on Friday, saying the good progress made by its financial regulators needed to be matched by judicial muscle.

GOP Rep Love: Farenthold should resign

Rep. Mia Love (R-UT) said that her colleague Rep. Blake Farenthold (R-TX) should resign in light of allegations he sexually harassed members of his staff.

GOP colleague says Farenthold should resign

Republican Rep. Mia Love of Utah said on Thursday that her colleague GOP Rep. Blake Farenthold of Texas should resign in light of allegations he sexually harassed members of his staff.


U.S.-based stock ETFs attract $14.6 billion of inflows, largest since June: Lipper

NEW YORK (Reuters) - U.S.-based stock ETFs attracted $14.6 billion of inflows in the week ended Wednesday, their 10th consecutive week of inflows and the largest since June, illustrating investors'...


BRIEF-Investors Bank Announces Workforce Reduction And Branch Closures



Investment funds buy $9.481 billion two-year note in November: U.S. Treasury

(Reuters) - Large investment managers bought $9.481 billion at a 2-year note auction held in November,


UPDATE 1-Chinese investor raises stake in Dialog Semi to 8.15 pct

FRANKFURT, Dec 7 (Reuters) - China's top state silicon chipmaker has raised its stake in Dialog Semiconductor , buying into share price weakness triggered by fears the Anglo-German firm could lose its top customer Apple Inc .


Chinese investor further raises stake in Dialog Semi to 8.15 percent

FRANKFURT (Reuters) - China's top state silicon chipmaker has further raised its stake in Dialog Semiconductor, buying into share price weakness triggered by fears the Anglo-German firm could lose its top customer Apple Inc.


Trilobites: You Should Think of Hummingbirds as Bees With Feathers

Scientists say it will be easier to understand hummingbirds in some cases if we use insights gained from the study of bees.


Orange's boss Richard promises investors more of the same

PARIS/LONDON (Reuters) - Orange's boss Stephane Richard told investors on Thursday he will stick with plans to invest heavily in upgrading networks rather than content as he bids for a third term to lead France's biggest telecoms operator.


Gross warns Fed should be 'more cautious' amid investor bond binge

NEW YORK (Reuters) - Influential bond investor Bill Gross of Janus Henderson Investors warned Thursday the Federal Reserve should be "more cautious and easier" in its interest-rate hiking campaign,...


Retail disruption is nothing compared to gnarly first jobs

NEW YORK (Reuters) - If any industry is in the throes of total disruption right now, it is retail.


Column: U.S. Republicans sharpen knives for retirement program cuts

CHICAGO (Reuters) - Traditionally, U.S. politicians avoid talking about cutting Social Security and Medicare close to election time.


Britons who join Islamic State should be hunted and killed: defence minister

LONDON (Reuters) - Britons who have joined the Islamic State militant group in Syria and Iraq should be hunted down and killed, Britain's new defence minister said.


Yes, she's judging you: Luvvie Ajayi on writing a bestselling life

NEW YORK (Reuters) - Sometimes in life, the best teachers are not elder statesmen who have been around for decades. Sometimes we can learn the most from young entrepreneurs who are creating something...


BRIEF-GW Pharmaceuticals Announces Pricing Of Public Offering Of ADSs Raising Gross Proceeds Of $276 Million


Bitcoin (Currency)

Bitcoin Hasn’t Replaced Cash, but Investors Don’t Care

Investors have lifted Bitcoin past $13,000, likening it to gold as a place to store money. Early followers who hoped for a faster, cheaper way to pay for things are looking elsewhere.


Proxy firm ISS advises shareholders to back Marcato at Deckers

BOSTON (Reuters) - Proxy advisory firm Institutional Shareholder Services on Wednesday suggested shareholders back hedge fund Marcato's choice of directors at Deckers Outdoor Corp, switching its...


Proxy advisory firm ISS switches Deckers recommendation to Marcato nominees

BOSTON (Reuters) - Proxy advisory firm Institutional Shareholder Services on Wednesday switched its recommendation in one of the season's most hotly contested proxy contests to suggest shareholders...


My taxes probably are going up. Are yours?

NEW YORK (Reuters) - No matter what version of the U.S. tax overhaul being considered by Congress becomes law, it looks like I am going to be paying more in taxes next year.

Budget Travel

Tech We’re Using: What Tech Tools Frequent Travelers Should Always Pack

You should always have a portable battery to charge your phone. But other must-haves are not as obvious, says Lucas Peterson, The Times’s Frugal Traveler.


Study abroad appeals to more U.S. college students, but costs can mount

CHICAGO (Reuters) - While most college seniors are still hoping to land a good job after graduation, Kelsey Berg is set.


Short-seller Muddy Waters bets against OSI Systems

BOSTON (Reuters) - Carson Block, founder of short-seller Muddy Waters LLC, which gained prominence with a bet against a Chinese timber company, said he is shorting OSI Systems Inc, sending the...


Investors wean themselves off oil as electric future beckons

* Oil and gas stocks lag European market:

Hugh Jackman on turning down Bond role

Hugh Jackman apparently was neither shaken nor stirred by the possibility of playing James Bond.

Should Elon Musk merge Tesla and SpaceX?


BRIEF-Attunity Prices Public Offering Raising Gross Proceeds Of $20 Mln


Israeli Prime Minister reinforces bond with US

After the announcement that President Trump will recognize Jerusalem as the capital of Israel, Israeli Prime Minister Benjamin Netanyahu says the alliance with US is "irreplaceable."


China pledges 'significant' market opening for foreign investors

BEIJING (Reuters) - China will "significantly" widen market access for foreign investors, state radio on Wednesday quoted vice premier Wang Yang as saying, following a recent move to raise foreign ownership limits in local financial firms.


BRIEF-WestJet Investor Day Provides Targets For 2018-2020



Gundlach says 'strange environment' to be cutting U.S. corporate taxes

NEW YORK (Reuters) - DoubleLine Capital Chief Executive Jeffrey Gundlach, who voted for President Donald Trump, warned on Tuesday that it is a "strange environment" to be cutting U.S. corporate taxes...


Uber investor Pishevar takes leave of absence amid misconduct claims

SAN FRANCISCO (Reuters) - Silicon Valley investor Shervin Pishevar, known for his early bet on Uber, said on Tuesday he was taking a leave of absence from his venture capital firm and the startup he co-founded to fight allegations of sexual harassment.


'Responsible' investor group toughens code on global members

BOSTON, Dec 5 (Reuters) - A UN supported group pushing for "responsible" investment said it has adopted tougher rules aimed at making fund managers deliver on pledges to pay attention to environmental, social and governance (ESG) issues.

United States International Relations

Tillerson, Visiting Europe, Gets Cold Shoulder

The chilly reception given to the secretary of state in Brussels reflected concerns about President Trump’s positions on Jerusalem and Iran.


Disrupt This! Innovation ETFs are storming the market

NEW YORK (Reuters) - is disrupting retail. Airbnb is disrupting hotels. Uber is disrupting transportation. Who is going to be disrupted next?


Trump's lawyers to argue accuser's lawsuit should be tossed

NEW YORK (Reuters) - Lawyers for U.S. President Donald Trump are expected to ask a New York state judge on Tuesday to throw out a defamation lawsuit by Summer Zervos, a former contestant on Trump's television show "The Apprentice" who accused him of sexually harassing her.


Tech stocks rebound as investors assess tax bill details

(Reuters) - Wall Street rose and technology stocks recovered from a two-day selloff on Tuesday, with investors assessing a change to the Senate's version of the tax overhaul bill that could affect the ability of companies to cut their tax bills.


Buy sterling on a 'Brexit breakthrough'? Not yet, say investors

LONDON (Reuters) - Sterling investors remain hesitant about chasing the rallying pound higher even as the British government said it was close to an agreement with the European Union on how to move Brexit talks onto trade next year.


BRIEF-US appeals court revives lawsuit against Alibaba by ADS investors

Dec 5 (Reuters) - u.s. Appeals court revives shareholder lawsuit against alibaba group holding ltd over pre-ipo regulatory warning -- ruling 2Nd u.s. Circuit court of appeals vacates lower court judge's dismissal of lawsuit by holders of american depository shares and call options Shareholders accused alibaba of concealing a regulator's warning about its ability to suppress counterfeiting on its websites


Q&A: Designer Rachel Roy learned to bend so she will not break

NEW YORK (Reuters) - Going from a California teen working in a clothing store to making dresses for Michelle Obama has been quite the trajectory for fashion designer Rachel Roy.


U.S. investors overweight in stocks despite market fears: study

NEW YORK (Reuters) - Three out of four U.S. investors age 40 and older worry about a correction that will eventually end the long-running bull market in stocks, yet most refuse to head for the exits.


Chinese investor increases stake in Dialog Semi to over 7 percent

FRANKFURT (Reuters) - China's top state silicon chipmaker has indirectly raised its stake in Dialog Semiconductor , whose share price has plummeted on signs it could lose its top customer Apple Inc .


Chinese investor lifts stake in Dialog Semi to over 7 percent

FRANKFURT (Reuters) - An investment vehicle owned by Tsinghua Unigroup Ltd, China's top state silicon chipmaker, has raised its stake in Anglo-German Dialog Semiconductor to 7.15 percent, according to a regulatory filing on Tuesday.


Arab League says U.S. should not take measures that alter Jerusalem status: MENA

CAIRO (Reuters) - Arab League Secretary General Ahmed Aboul Gheit said on Tuesday that the United States should not take any measures that would alter Jerusalem's legal and political status, Egypt's state news agency MENA reported.

Colbert, Stephen

Best of Late Night: Billy Bush Says Trump Should Own Up to the ‘Access Hollywood’ Tape

Stephen Colbert didn’t let Mr. Bush, in his first televised interview since the infamous tape became public, get away with an easy self-exoneration.


Critic’s Notebook: Should I Put Away My James Levine Recordings?

Our critic reflects on the legacy of the revered Metropolitan Opera conductor, who has been suspended by the company after sexual abuse accusations.


Thyssenkrupp chairman rejects investor call for breakup: Handelsblatt

BERLIN (Reuters) - Thyssenkrupp Chairman Ulrich Lehner has rejected investor calls to break up the industrial group and backed top management's plan to transform the firm into a technology group, Germany's Handelsblatt reported, citing an interview.


Olympics: Pyeongchang should be Russia-free, says Tallent

MELBOURNE (Reuters) - Having felt "angry" to have to compete with Russian dopers, Australia's race walking champion Jared Tallent hopes the International Olympic Committee will heed calls from clean athletes to exclude the nation from the Winter Games.

Venture Capital

DealBook: From Bezos to Walton, Big Investors Back Fund for ‘Flyover’ Start-Ups

The fund started by an AOL co-founder and an author has attracted a Who’s Who of American business to invest in the heartland’s entrepreneurs.

Opinion: What Trump and Dershowitz should learn from Nixon

Can the president of United States be prosecuted for obstruction of justice under the US Constitution? The answer is yes, he most certainly can -- though the initial punishment for such an offense is impeachment and removal from office. The Constitution enables impeachment for "high crimes and misdemeanors," but does not define what those offenses are, though they could in theory include obstruction.


Dow hits record as investors bet on tax cuts

(Reuters) - The Dow Jones Industrial Average reached a record high on Monday, with banks and retailers surging and technology companies falling as investors realigned their portfolios in hopes of benefiting from expected corporate tax cuts.

FBI agent booted from Mueller probe changed description of Clinton from 'grossly negligent' to 'extremely careless'

A former top counterintelligence expert at the FBI, now at the center of a political uproar for exchanging private messages that appeared to mock President Donald Trump, changed a key phrase in former FBI Director James Comey's description of how former secretary of state Hillary Clinton handled classified information, according to US officials familiar with the matter.


Investors line up for Germany's Techem, which could fetch $5 bln -sources

* Ista sale multiple gives almost 4 bln euro enterprise value


Fidelity clients suffer second website glitch in week

BOSTON (Reuters) - For the second time in a week, some clients at Fidelity Investments could not access their online accounts at the powerhouse retail trading brokerage on Monday morning in a glitch...


Fidelity says some customers cannot access accounts

BOSTON (Reuters) - Fidelity Investments said on Monday some of its clients could not access their accounts on the company's website, the second time in a week that the large online brokerage operator...


U.S. corporate alternative minimum tax should be removed: House Republican

WASHINGTON (Reuters) - The alternative minimum tax on corporations, which had been included in the U.S. Senate's tax bill, should be eliminated in the final legislation, Kevin McCarthy, the No. 2 Republican in the House of Representatives, said on Monday.

Russian Interference in 2016 US Elections and Ties to Trump Associates

Op-Ed Contributors: Why the Trump Team Should Fear the Logan Act

The potential hammer at the heart of the Michael Flynn plea.


BRIEF-Foreign institutional investors hold 75 pct of Italy's UniCredit

Dec 4 (Reuters) - UniCredit's Chairman Giuseppe Vita tells shareholder meeting:


Confusion reigns as banks scramble to price FX, bond research under EU markets revamp

LONDON (Reuters) - How much are you worth? For the FX and bond analysts covering the world's biggest markets, how much to charge for their time and research remains in question just a month away from sweeping new rules that require fund managers to pay for these services.


Euro zone bond yields jump after U.S. tax plan raises rate hike prospects

LONDON, Dec 4 (Reuters) - Euro zone bond yields rose sharply and European stock futures pointed to a higher open on Monday as the passage of a tax bill in the United States over the weekend increased the prospects of more aggressive rate hikes in the world's largest economy.


France should know that Iran's missiles are not negotiable: spokesman

BEIRUT (Reuters) - France should know that Iran’s missile program is not an issue that can be negotiated, Iran’s foreign ministry spokesman, Bahram Qassemi, said in an interview with state media on Monday.

Trump says investors should sue ABC over bungled story

An erroneous ABC News report about President Trump and his former adviser Michael Flynn met widespread criticism and led the network to suspend the journalist behind the story for making a "serious error."


Pentagon should move U.S. dependents out of South Korea due to North Korean threat: senator

WASHINGTON (Reuters) - Republican U.S. Senator Lindsey Graham on Sunday urged the Pentagon to start moving U.S. military dependents, such as spouses and children, out of South Korea, saying conflict with North Korea is getting close.

Trump, Donald J

News Analysis: Wrenched From Scandal to Success, Trump Looks Ahead, and Over His Shoulder

Even in a whirlwind presidency, it was a dizzying span of hours: One of the president’s closest former aides pleaded guilty, shortly before the Senate voted to cut taxes.


Fear of missing out keeps investors in stocks despite risks

NEW YORK, (Reuters) - Wall Street's fear of missing out on a relentless rally appears to be trumping rising political risk in a high-stakes December in Washington.


Advisory firms split on Deckers' proxy contest vote

(Reuters) - Two proxy advisory firms on Friday weighed in on one of the year's most bitter proxy battles with one backing UGG boot maker Deckers' management and the other giving partial support to...


Venezuela bondholders meeting ended without pact on strategy -sources

Dec 1 (Reuters) - A meeting of Venezuelan bondholders on Thursday to discuss how to handle the government's request to restructure $60 billion in outstanding bonds has yielded no clear strategy, sources with direct knowledge of the meeting told Reuters on Friday.


Hedge fund Tudor shuts one portfolio; Jones to play bigger role

BOSTON (Reuters) - Paul Tudor Jones, one of Wall Street's most prominent investors, is restructuring his Tudor Investment Corp. by liquidating one portfolio and planning to play a bigger role in...


Mednax fielding takeover interest from buyout firms: sources

(Reuters) - Mednax Inc, a U.S. healthcare network operator targeted by activist hedge fund Elliott Management Corp, is fielding acquisition interest from several private equity firms, according to...


Exclusive: Mednax fielding takeover interest from buyout firms - sources

(Reuters) - Mednax Inc, a U.S. healthcare network operator targeted by activist hedge fund Elliott Management Corp, is fielding acquisition interest from several private equity firms, according to...


Gifts Tied to Opioid Sales Invite a Question: Should Museums Vet Donors?

The issue of how museums raise their money has resurfaced in the case of the Sacklers, a family of philanthropists whose company developed OxyContin.

Transit Systems

If the City Never Sleeps, Should Its Subway?

A research group has proposed ending weekday overnight subway service to enable much-needed repairs. Riders and transit advocates called the idea elitist and unfeasible.


UPDATE 2-Influential U.S. auto union caucus nominates regional head for president

DETROIT, Nov 30 (Reuters) - An influential caucus at the United Auto Workers nominated on Thursday a regional director as candidate for union president as the UAW struggles to organize auto plants and faces a probe into alleged misuse of funds at training centers funded by Detroit's automakers.


U.S.-based money market funds post $33 billion inflows, largest of 2017: Lipper

NEW YORK (Reuters) - Investors poured $33 billion into U.S.-based money market funds during the week ended Nov. 29, the largest inflows of 2017, Lipper data showed on Thursday, in a sign that...


Hedge fund Hutchin Hill shuts down after three bad years

BOSTON (Reuters) - Hedge fund manager Neil Chriss said on Thursday he is closing his $2.2 billion firm Hutchin Hill Capital LP after three years of poor performance.


Hedge fund Hutchin Hill shutting down: letter

BOSTON (Reuters) - Hedge fund manager Neil Chriss said on Thursday he is closing his $2.2 billion firm Hutchin Hill Capital LP after a period of poor performance.


BRIEF-‍Viking Global Investors Reports 9.6 Pct Passive Stake In Jianpu Technology



Bodenholm and Westray reveal media stock shorts on changing viewers

LONDON (Reuters) - European hedge funds Bodenholm Capital and Westray Capital Management revealed they had taken short selling positions on some media companies, bets that their stock prices will...


Bikram hot yoga bankruptcy should be dismissed: U.S. Trustee

(Reuters) - The bankruptcy of hot yoga pioneer Bikram Choudhury Yoga Inc should be dismissed or converted to a Chapter 7 liquidation due to a failure to file required documents, according to papers filed by the U.S. Department of Justice's bankruptcy watchdog.


New U.S. tax law could curb charitable donations

NEW YORK (Reuters) - New tax laws could strip away one of the key motivators of year-end giving in the United States - the right to take a tax deduction for the amount you give to qualified charities...

Dow Jones Stock Average

Markets Pass Another Milestone, as Investors Remain Fearless

The latest landmark — Dow 24,000 — reflects optimism about rising profits and lower taxes, and a seeming imperviousness to unsettling news.


U.S. Securities and Exchange Commission ratifies administrative law judges

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission said Thursday it had ratified the prior appointment of its administrative law judges.


U.S. regional banks delve deeper into advisory services to boost growth

(Reuters) - Squeezed by lower loan growth as interest rates finally begin to rise, regional U.S. banks have been giving more financial advice to mid-sized companies and affluent Americans to drive...


U.S. House Democratic leader Pelosi says Conyers should resign

WASHINGTON (Reuters) - U.S. House Democratic leader Nancy Pelosi said on Thursday that Representative John Conyers should resign after sexual harassment allegations were brought against him, saying "zero tolerance means consequences for everyone."


Spotify investor favors spring listing

HELSINKI (Reuters) - Venture Capital firm Northzone, one of the largest stakeholders in Spotify, would like to see the music streaming company's flotation in the spring, depending on market sentiment, one of its partners said on Thursday.


Column: To the year-end checklist, add mandatory retirement withdrawals

CHICAGO (Reuters) - Nothing good lasts forever, and so it is with tax-deferred retirement saving - that is, the deferred part.


Flipkart investors, employees trimming stakes as part of SoftBank deal: sources

MUMBAI (Reuters) - Some early Flipkart [IPO-FLPK.N] investors, employees and ex-employees are selling their shares in the Indian e-commerce firm as part of a $2.5 billion investment deal agreed with Japan's SoftBank Group , two people familiar with the matter said on Thursday.


UPDATE 1-Flipkart investors, employees trimming stakes as part of SoftBank deal -sources

* Current, former employees offered just over $85 apiece -sources


UPDATE 4-Alibaba's jumbo bond deal sets sector benchmark in Asia

* Maturities ranging from 5.5 years to 40 years (Recasts with sector context, trade prices, company fundamentals)


Republicans in House seek protection for municipal bonds in tax bill

(Reuters) - A group of Republicans in the U.S. House of Representatives on Wednesday urged keeping federal tax breaks on private activity bonds sold by the developers of hospitals, nursing homes, airports and toll roads to reduce costs.

Courts and the Judiciary

Op-Ed Contributor: Conservatives Should Oppose Expanding the Federal Courts

A proposal to create hundreds of new judgeships to undo President Barack Obama’s judicial legacy is wrongheaded and based on false assumptions.


Nasdaq falters as investors flee tech for banks

(Reuters) - The Nasdaq posted its biggest one-day drop in more than three months on Wednesday as investors fled high-flying technology stocks and shifted to banks and other pockets of the market that could benefit from improving economic conditions, lower regulations and taxes as well as higher interest rates.


U.S. bond funds attract $6.16 billion in week ended Nov. 21: ICI

NEW YORK (Reuters) - U.S. fund investors pumped billions into bond funds for a 51st straight week, the Investment Company Institute (ICI) said on Wednesday, underscoring the seemingly insatiable...


Illinois' $750 million bonds won by BofA with still hefty yields

CHICAGO (Reuters) - Bank of America Merrill Lynch won $750 million of Illinois bonds in competitive bidding on Wednesday as the state faced a lingering market penalty for its fiscal and political...


Fed should continue to raise rates slowly, Williams says

PHOENIX (Reuters) - With falling U.S. unemployment expected to put upward pressure on inflation, the Federal Reserve should keep raising interest rates gradually, San Francisco Federal Reserve President John Williams said on Wednesday.


Conyers should resign if accusations are 'founded': No. 2 House Democrat

WASHINGTON (Reuters) - Steny Hoyer, the No. 2 Democrat in the U.S. House of Representatives, said on Wednesday that Democratic representative John Conyers should resign if the sexual harassment allegations against him are found to be true.


Nasdaq drops as investors shun techs for financials

(Reuters) - The Nasdaq Composite index fell more than 1 percent in midday trade on Wednesday as investors sold off technology stocks and moved into financials that have gained on strong economic data and comments from Fed officials on future rate hikes.


US STOCKS-Nasdaq drops as investors shun techs for financials

* Dow up 0.39 pct, S&P up 0.32 pct, Nasdaq off 1.11 pct (Changes comment, adds details, updates prices)

Sexual Harassment

How Should We Respond to Sexual Harassment?

The legal system and social science offer principles to evaluate each case and to explain why this moment is so disorienting.

A free press shouldn't stop at the schoolyard


Exotix Capital appoints Basni Jashapara to senior role

(Reuters) - Emerging markets-focused investment bank Exotix Capital named Basni Jashapara as its new head of EMEA sales for research, analytics and data.


Citi Private Bank appoints Andrew Keating as UK Private Banker

(Reuters) - Citi Private Bank (CPB), a unit of Citigroup Inc that caters to wealthy individuals and families, appointed Andrew Keating as UK Private Banker.


VAM Funds names Robert Gordon director of two funds

(Reuters) - Luxembourg-based fund management company VAM Funds appointed Robert Gordon as a director of VAM Funds and VAM Managed Funds.


Weatherbys Private Bank names associate director

(Reuters) - Weatherbys Private Bank appointed Henry Taylor as an associate director.


BRIEF-China National Accord Medicines's unit brings in strategic investor

Nov 29 (Reuters) - China National Accord Medicines Corp Ltd :

AT&T and DOJ spar over when antitrust trial should begin


UPDATE 1-Alibaba issues price guidance for 5-tranche, benchmark dollar bond - term sheet

HONG KONG, Nov 29 (Reuters) - Chinese internet giant Alibaba Group Holding Ltd on Wednesday issued pricing guidance for a multi-tranche benchmark dollar bond, which is expected to price during New York hours, according to a term sheet seen by Reuters.


Alibaba markets five-tranche US dollar bonds

SINGAPORE, Nov 29 (IFR) - Alibaba Group Holding, rated A1/A+/A+, is marketing five tranches of US dollar bonds in its second such offering.


Alibaba issues price guidance for 5-tranche, benchmark sized dollar bond issue - term sheet

HONG KONG, Nov 29 (Reuters) - Internet giant Alibaba Group Holding Ltd is making a five tranche dollar bond offering in a benchmark-sized issue expected to price later on Wednesday during New York trading hours, according to a term sheet seen by Reuters.


Op-Ed Contributor: Trump Should Fire the E.P.A.’s Scott Pruitt

The agency’s administrator is tearing down environmental protections that his organization should be championing.


U.S. budget chief Mulvaney says CFPB staff should 'disregard' deputy director: memo

WASHINGTON (Reuters) - U.S. budget chief Mick Mulvaney on Tuesday told staff at the Consumer Financial Protection Bureau to "disregard" instructions from Leandra English, the deputy director, according to a memo.


Vanguard to offer its first active ETF lineup in U.S.

BOSTON (Reuters) - Vanguard Group Inc on Tuesday said it will offer six actively managed exchange traded funds aimed at giving investors exposure to specific factors like low volatility or liquidity,...


RBC Investor & Treasury Services expands product management team

(Reuters) - RBC Investor & Treasury Services, a unit of Royal Bank of Canada, appointed Annette Niebuhr as managing director, network management within its product management team.


SEC looking at fixed-income markets with 'greater focus': Clayton

NEW YORK (Reuters) - U.S. Securities and Exchange Commission Chairman Jay Clayton said on Tuesday that the SEC has formed a group to examine fixed-income markets with the goal of protecting retail...


German minister's vote on weed-killer should not happen again: Merkel

BERLIN (Reuters) - German Chancellor Angela Merkel on Tuesday said she regretted a conservative minister's vote in favor of an EU proposal to extend the use of a weed-killer against the wishes of a cabinet colleague, adding such incident should not happen again.


New ETF joins fight against sexual harassment in workplace

NEW YORK (Reuters) - A new exchange-traded fund is being introduced for investors who want their money kept far away from sexual harassment in the workplace.


U.S. Labor Department delays final part of fiduciary rule

NEW YORK (Reuters) - The U.S. Department of Labor issued an 18-month-delay on Monday for key parts of its retirement rule, including one that would require brokers to ask clients if they feel that...

5 things you should know today

It's Cyber Monday, which means you'll be fooling exactly no one when you're glued to your computer today "working." Here's what else you need to know to Get Up to Speed and Out the Door. (You can also get "5 Things You Need to Know Today" delivered to your inbox daily. Sign up here.)


WRAPUP 3-China blue chips extend losses as bond market mood remains fragile

* Reports of new rules on asset-backed securities underscore regulatory concerns


Sabeco gets strong response at Singapore investors' roadshow as Vietnam kicks off sale

SINGAPORE (Reuters) - Vietnam's biggest brewer Sabeco has received a strong response from potential suitors at an investors' roadshow in Singapore, its chairman said, as the government moves closer to finalizing a stake sale in the $9 billion maker of Bia Saigon and 333 brews.


METALS-London nickel skids, metals slip as investors cut risk

(Recasts, adds comment, updates details and prices) MELBOURNE, Nov 27 (Reuters) - London nickel led metals lower on Monday, as investors cut their exposure to risky assets as Beijing steps up a crackdown on shadow banking and other riskier forms of financing. China will check local governments' investment in railway projects, the state planner said on Friday, amid official concerns that breakneck infrastructure spending is racking up too much debt. "Today's selling is also a likely


WRAPUP 2-China blue chips extend losses as bond market mood remains fragile

* Reports of new rules on asset-backed securities underscore regulatory concerns


Vietnam brewer Sabeco gets strong response at Singapore investor roadshow: chairman

SINGAPORE (Reuters) - Vietnam's biggest brewer Sabeco has received a strong response from potential suitors at an investors' roadshow in Singapore, its chairman said, as the government moves closer to finalizing a stake sale in the $9 billion maker of Bia Saigon and 333 brews.


WRAPUP 1-China shares extend losses on fragile bond market mood

SHANGHAI, Nov 27 (Reuters) - China's stock markets fell sharply on Monday, extending last week's sell-off, as investors worried about the impact of rising borrowing costs on company profits and braced for more regulatory measures as Beijing cracks down on risky financing.

Charles Barkley: Moore should have been disqualified 'before this women stuff'

Former NBA star Charles Barkley weighed in on the Alabama Senate race Saturday, saying embattled Republican candidate Roy Moore should be disqualified from the race because of his association with former White House chief strategist Steve Bannon.


UPDATE 2-Venezuela's PDVSA says making bond payments, urges trust

CARACAS, Nov 24 (Reuters) - Venezuelan state oil company PDVSA said on Friday it was making last-minute payments on two bonds close to default, including one backed by shares in U.S.-based refiner Citgo, and called for "trust" as it seeks to maintain debt service amid a deepening economic crisis.