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Republicans forge tax deal, final votes seen next week

businessNews reuters.com

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

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Bitcoin falls 25 percent to $10,200 on Bitstamp exchange

SYDNEY (Reuters) - Bitcoin had lost a quarter of its value in early Asian trading on Wednesday as fears grew of a regulatory crackdown after reports that South Korea's finance minister said banning trading in cryptocurrencies was still an option.

businessNews reuters.com

GE reignites break-up talk after $11 billion insurance, tax hit

NEW YORK (Reuters) - General Electric Co indicated it is looking closely at breaking itself up on Tuesday as the conglomerate announced more than $11 billion in charges from its long-term care insurance portfolio and new U.S. tax laws.

businessNews reuters.com

Ford's 2017 profit misses Wall Street estimates

(Reuters) - Ford Motor Co on Tuesday reported 2017 preliminary adjusted earnings that missed market estimates, while its 2018 earnings forecast largely fell short of analysts' expectations.

cnn.com

Don't hold government funding hostage over DACA deal, McConnell says

Senate Majority Leader Mitch McConnell addressed the government shutdown threat on the Senate floor Tuesday by pushing for a longer negotiating period on the Deferred Action for Childhood Arrivals program.

businessNews reuters.com

Railroad operator CSX's revenue misses as shipments fall

(Reuters) - CSX Corp reported lower-than-expected revenue for the fourth quarter due to a drop in shipments, but beat Wall Street's earnings targets on better prices and cost controls, capping a tumultuous year for the third-largest U.S. railroad operator.

businessNews reuters.com

NYSE to launch new NYSE National exchange in second quarter

NEW YORK (Reuters) - New York Stock Exchange parent Intercontinental Exchange Inc (ICE) plans to launch its fourth U.S. stock market, NYSE National, in the second quarter, according to a recent regulatory filing.

businessNews reuters.com

Wall St. eases as oil prices, General Electric fall

NEW YORK (Reuters) - Wall Street paused its rally on Tuesday, weighed down by weakness in General Electric shares and as lower oil prices dragged down the energy sector.

businessNews reuters.com

Exclusive: Mexico's Pemex chose Japan's Mitsui to complete Tula coking plant - sources

MEXICO CITY (Reuters) - Mexican state oil company Pemex [PEMX.UL] has chosen Japanese conglomerate Mitsui as its partner for a $2.6 billion coking plant project at its Tula refinery in a preliminary deal, two sources told Reuters this week.

PersonalFinance reuters.com

Stock 'fear index' snaps out of extended snooze, jumps to six-week high

NEW YORK (Reuters) - A widely followed gauge of expected near-term stock price gyrations perked up on Tuesday to a six-week high as traders took to the equity options market to pick up some...

topNews reuters.com

California siblings being treated after 'horrific' ordeal

PERRIS, Calif. (Reuters) - The 13 California siblings kept in "horrific" conditions by their parents, including some who were shackled to furniture, others who were starved, were being treated after an ordeal that could leave them scarred for years, authorities said on Tuesday.

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Wells Fargo loses bid to end Philadelphia predatory lending lawsuit

(Reuters) - A federal judge in Philadelphia on Tuesday rejected Wells Fargo & Co's bid to dismiss that city's lawsuit accusing the largest U.S. mortgage lender of predatory lending targeting black and Hispanic borrowers.

companyNews reuters.com

UPDATE 2-California siblings being treated after 'horrific' ordeal

PERRIS, Calif., Jan 16 (Reuters) - The 13 California siblings kept in "horrific" conditions by their parents, including some who were shackled to furniture, others who were starved, were being treated after an ordeal that could leave them scarred for years, authorities said on Tuesday.

businessNews reuters.com

Wall St. eases on lower oil prices

NEW YORK (Reuters) - Wall Street's major stock indexes pared gains in late afternoon trading on Tuesday as lower oil prices weighed on the energy sector.

businessNews reuters.com

GE renews break-up talk after $11 billion insurance, tax hit

(Reuters) - General Electric Co again raised the prospect of breaking up the conglomerate on Tuesday as it announced more than $11 billion in charges from its long-term care insurance portfolio and new U.S. tax laws.

businessNews reuters.com

Health-conscious Nestle sells U.S. candy to Ferrero for $2.8 billion

LONDON/MILAN (Reuters) - Swiss food group Nestle has agreed to sell its U.S. confectionery business to Italy's Ferrero for $2.8 billion, it said on Tuesday, marking CEO Mark Schneider's first big sale and a small step on its path towards healthier products.

healthNews reuters.com

FDA expects IV fluid shortage to improve in coming weeks, months

(Reuters) - The U.S. Food and Drug Administration said on Tuesday it expects a shortage of intravenous saline fluids for hospitals due to damage to key manufacturing facilities in Puerto Rico to improve over the coming weeks and months.

businessNews reuters.com

Dow hits 26,000 for first time on earnings optimism

(Reuters) - The Dow Jones Industrial Average raced past the 26,000 mark for the first time on Tuesday as fourth-quarter earnings season got off to a strong start following upbeat results from UnitedHealth and Citigroup.

businessNews reuters.com

Nestle sells U.S. candy business to Ferrero for $2.8 billion amid health push

LONDON/MILAN (Reuters) - Swiss food group Nestle has agreed to sell its U.S. confectionery business to Italy's Ferrero for $2.8 billion, it said on Tuesday, marking CEO Mark Schneider's first big sale and a small step on its path toward healthier products.

sportsNews reuters.com

AC Milan's owner says nothing illegal in deal with Berlusconi

MILAN (Reuters) - AC Milan's president said on Tuesday his purchase of the soccer club from former Italian premier Silvio Berlusconi was conducted legally and transparently after a finance police report indicated potentially suspicious elements in the deal.

companyNews reuters.com

UPDATE 2-India's GAIL reworks Gazprom LNG deal, raises volume

NEW DELHI/LONDON, Jan 16 (Reuters) - Gas utility GAIL (India) Ltd has renegotiated the terms of a long-term liquefied natural gas (LNG) purchase deal with Russia's Gazprom , the Indian company said on Tuesday.

businessNews reuters.com

Britain investigates Carillion directors after collapse

LONDON/CAMBRIDGE, England (Reuters) - Britain ordered a fast-track inquiry into the role played by Carillion's directors in the failure of the construction and services group, as some of its thousands of small suppliers started to lay off workers on Tuesday.

businessNews reuters.com

Nestle sells U.S. candy to Ferrero amid health push

LONDON/MILAN (Reuters) - Swiss food group Nestle agreed to sell its U.S. confectionery business to Italy's Ferrero for $2.8 billion, it said on Tuesday, the first major sale from CEO Mark Schneider and a small step on its path towards healthier products.

businessNews reuters.com

Equities advance as Dow tops 26,000, dollar steadies

NEW YORK (Reuters) - World stock markets advanced on Tuesday, with investors on Wall Street pushing the Dow index past the 26,000 threshold, while the U.S. dollar strengthened after four days of declines.

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Dow briefly tops 26,000 mark

(Reuters) - The Dow eased slightly after hitting the 26,000 mark for the first time on Tuesday, as earnings season got off to a strong start following upbeat results from UnitedHealth and Citigroup.

businessNews reuters.com

Citigroup reports $18 billion loss on one-time tax items

(Reuters) - Citigroup Inc posted an $18-billion quarterly loss on Tuesday because of charges related to a new U.S. tax law, but its adjusted earnings beat Wall Street expectations and management signaled that the bank may soon lift financial performance targets.

businessNews reuters.com

GE renews break-up talk as it discloses $11 billion fourth quarter hit

(Reuters) - General Electric Co again raised the prospect of breaking up the conglomerate on Tuesday as it announced more than $11 billion in charges from its long-term care insurance portfolio and new U.S. tax laws.

businessNews reuters.com

German strikes spread to Daimler, union mulls escalation

BERLIN/FRANKFURT (Reuters) - Tens of thousands of German industrial workers downed tools on Tuesday in support of trade union IG Metall's demands for a 6 percent pay rise and a right to the first new cut in weekly working hours since the 1980s.

businessNews reuters.com

GE to take $6.2 billion hit from insurance portfolio

(Reuters) - General Electric Co will take a $6.2 billion charge in its fourth quarter results for a more than decade-old insurance portfolio covering long-term healthcare costs, the company said on Tuesday.

businessNews reuters.com

Dow breaches 26,000 mark on robust earnings reports

(Reuters) - Wall Street's main indexes rose sharply on Tuesday, with the Dow hitting the 26,000 mark for the first time, as the fourth-quarter earnings season kicked into high gear.

companyNews reuters.com

UPDATE 1-India's GAIL reworks Gazprom LNG deal, raises volume

NEW DELHI, Jan 16 (Reuters) - Gas utility GAIL (India) Ltd has renegotiated the terms of a long-term liquefied natural gas (LNG) purchase deal with Russia's Gazprom, the Indian company said on Tuesday.

businessNews reuters.com

Dow hits 26,000 for first time

(Reuters) - The Dow Jones Industrial Average touched the 26,000-mark for the first time on Tuesday and other Wall Street indexes climbed as strong earnings from UnitedHealth and Citigroup helped lift the sentiment.

businessNews reuters.com

Shares stay on record run as metals skid

LONDON (Reuters) - Asia and Europe's big bourses kept world shares on their record-breaking run on Tuesday, although a steadier dollar halted the sizzling start to the year for the euro, yen and yuan and sent metals markets skidding.

cnn.com

WaPo: John Kelly told Trump DACA deal 'not good'

The Washington Post's Josh Dawsey shares his reporting with CNN's Alisyn Camerota on White House Chief of Staff John Kelly telling President Trump that a bipartisan DACA deal was "not good" for him.

businessNews reuters.com

Some 10,000 Daimler employees strike in push for higher wages

BERLIN (Reuters) - Some 10,000 workers at German carmaker Daimler AG walked off their shifts for an hour on Tuesday as they sought to persuade employers to give engineering workers around Germany more pay and a shorter working week.

businessNews reuters.com

GM sees flat 2018 earnings, with pickups picking up in 2019

DETROIT (Reuters) - General Motors Co said on Tuesday it expects earnings in 2018 to be largely flat compared with 2017, but that profits should pick up pace in 2019 as its revamped line of high-margin pickup trucks hits the U.S. market.

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Citi profit tops estimates; books $22 billion tax charge

(Reuters) - Citigroup Inc on Tuesday reported quarterly profit that topped Wall Street expectations as consumer businesses made up for lower revenue from bond and currency trading.

businessNews reuters.com

Dow on track to top 26,000 at open

(Reuters) - Futures on the Dow Jones Industrial Average surged more than 200 points on Tuesday, indicating that the blue-chip index could open above 26,000 for the first time, supported by strong earnings from UnitedHealth.

businessNews reuters.com

GE to take $6.2 billion charge in its finance arm

(Reuters) - General Electric Co will record an after-tax charge of $6.2 billion in its fourth quarter results as part of an ongoing review of its finance arm's insurance portfolio, the company said.

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French carmaker PSA's sales lifted by growth in Iran and Latin America

PARIS (Reuters) - French carmaker PSA's global sales jumped by 15 percent last year as strong growth in Iran and Latin America helped to offset difficulties in Britain and China.

businessNews reuters.com

Maersk, IBM to launch blockchain-based platform for global trade

COPENHAGEN (Reuters) - The world's largest container shipping firm A.P. Moller-Maersk is teaming up with IBM to create an industry-wide trading platform it says can speed up trade and save billions of dollars.

companyNews reuters.com

METALS-Copper hits 3-1/2-week low, nickel slides more than 5 pct

* LME/ShFE arb: http://bit.ly/2wZSAEz (Recasts, updates prices, adds details, changes dateline)

businessNews reuters.com

Exclusive: Saudi Aramco snubs UBS and Bank of America for listing roles - sources

LONDON (Reuters) - Saudi Aramco has not invited UBS and Bank of America Merrill Lynch to pitch for senior advisory roles in its stock market listing because they have not lent money to the state oil giant in recent years, according to five finance sources.

businessNews reuters.com

Bitcoin slides 18 percent on crackdown fears; crypto rivals also plunge

LONDON (Reuters) - Bitcoin tumbled 18 percent on Tuesday to a four-week trough close to $11,000, after reports that a ban on trading of cryptocurrencies in South Korea was still an option drove fears grew of a wider regulatory crackdown.

businessNews reuters.com

Shares stay on record run, metals suffer meltdown

LONDON (Reuters) - Asia and Europe's big bourses kept world shares on their record-breaking run on Tuesday, though a steadier dollar halted the sizzling start to the year for the euro, yen and yuan and sent metals markets sprawling.

businessNews reuters.com

Bitcoin slides 14 percent on crackdown fears, hits four-week low

LONDON (Reuters) - Bitcoin slid as much as 14 percent on Tuesday to hit a four-week low below $12,000, as fears grew of a regulatory crackdown after reports that South Korea's finance minister had said banning trading in cryptocurrencies was still an option.

companyNews reuters.com

BRIEF-Philip Morris International Says It Has Decided To Request Voluntary Delisting Of Its Shares From Euronext Paris.​

* SAYS IT HAS DECIDED TO REQUEST VOLUNTARY DELISTING OF ITS SHARES FROM EURONEXT PARIS.​

businessNews reuters.com

Asian shares hit record high, euro near three-year top

TOKYO (Reuters) - Asian shares erased early modest losses and pushed to a fresh record high, while the euro remained within sight of a 3-year peak on rising expectations that the European Central Bank could pare its monetary stimulus.

businessNews reuters.com

U.S. oil industry set to break record, upend global trade

HOUSTON (Reuters) - Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day - toppling a record set in 1970 and crossing a threshold few could have imagined even a decade ago.

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Exclusive: U.S. lawmakers urge AT&T to cut commercial ties with Huawei - sources

WASHINGTON (Reuters) - U.S. lawmakers are urging AT&T Inc, the No. 2 wireless carrier, to cut all commercial ties to Chinese phone maker Huawei Technologies Co Ltd [HWT.UL] and oppose plans by telecom operator China Mobile Ltd to enter the U.S. market because of national security concerns, said two congressional aides.

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PBOC official says China's centralized virtual currency trade needs to end: source

BEIJING (Reuters) - A senior Chinese central banker says authorities should ban centralized trading of virtual currencies as well as individuals and businesses that provide related services, an internal memo from a government meeting seen by Reuters showed.

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Two Singapore Airbnb hosts to plead guilty to illegal letting charges: lawyer

SINGAPORE (Reuters) - Two Airbnb hosts charged in Singapore with unauthorized short-term letting of four apartments are expected to plead guilty next month, their lawyer said on Tuesday.

businessNews reuters.com

Asian shares shrug off losses, euro near three-year top

TOKYO (Reuters) - Asian shares pushed higher on Tuesday, erasing early modest losses while the euro stood near a 3-year peak on rising expectations that the European Central Bank could pare its monetary stimulus.

Corporate Social Responsibility nytimes.com

DealBook: BlackRock’s Message: Contribute to Society, or Risk Losing Our Support

Laurence Fink, the chief executive of BlackRock, the $6 trillion investment firm, plans to tell C.E.O.s in a letter that businesses must serve a social purpose.

businessNews reuters.com

Asian shares slip as iron ore softens, euro near three-year top

TOKYO (Reuters) - Asian shares slumped on Tuesday, as miners were pressured by weaker Chinese iron ore prices, while the euro stood near a 3-year peak on rising expectations that the European Central Bank could pare its monetary stimulus.

businessNews reuters.com

Germany's Continental hires JP Morgan for potential break-up: sources

FRANKFURT/LONDON (Reuters) - Germany's Continental AG has hired JP Morgan to advise on a possible break-up, sources told Reuters, as the auto parts maker repositions for a market focused on electric and self-driving vehicles.

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China consumer group seeks answers from Apple about slowing iPhones

SHANGHAI (Reuters) - A Chinese consumer group has asked Apple for information about the slowing of older iPhones after operating system updates, demanding a reply before Friday, state news agency Xinhua reported.

cnn.com

Sen. Warren: We know how to deal with bullies

The senator spoke out against the President at the annual Rev. Martin Luther King Jr. breakfast

cnn.com

Democrats, don't let Trump's bad words kill DACA deal

Shithole. Shithouse. WTF does it matter?

politicsNews reuters.com

Trump blames Senator Durbin for blowing immigration deal

WASHINGTON (Reuters) - U.S. President Donald Trump on Monday blamed Senator Dick Durbin for blowing up talks over a deal to help immigrants brought to the country illegally as children and said the Democratic lawmaker misrepresented his comments about Haiti and African countries.

businessNews reuters.com

Major automakers urge Trump administration: don't ditch NAFTA

DETROIT (Reuters) - Global automakers on Monday urged the Trump administration not to terminate the North American Free Trade Agreement and expressed hope the United States, Canada and Mexico can successfully conclude a modernized and improved trade pact.

businessNews reuters.com

Fiat Chrysler CEO says no plans to sell brands to Chinese

DETROIT (Reuters) - Fiat Chrysler Automobiles NV's (FCA) has no intention of breaking up the company or selling individual brands to China or other parties, the company's chief executive said on Monday, adding that the group was counting on its coveted Jeep brand to drive future profits.

businessNews reuters.com

Oil hovers near three-year high despite rising U.S. output

CALGARY, Alberta (Reuters) - Oil hovered near a three-year high above $70 a barrel on Monday on signs that production cuts by OPEC and Russia are tightening supplies, although analysts warned of a "red flag" due to surging U.S. production.

businessNews reuters.com

Lawsuit in U.S. accuses nine banks of rigging Canadian rate benchmark

NEW YORK/TORONTO (Reuters) - Nine large banks, including six from Canada, have been accused in a lawsuit of conspiring to rig a Canadian rate benchmark to improve profits from derivatives trading.

businessNews reuters.com

Fiat Chrysler boss says no plans to break up company

DETROIT (Reuters) - Fiat Chrysler Automobiles NV's CEO has no intention of breaking up the company or selling off individual brands to China or any other parties, he said on Monday, adding the group was counting on its coveted Jeep brand to drive profit.

businessNews reuters.com

Bidder for the Weinstein Company says bankruptcy may be best option

(Reuters) - Killer Content Inc, the movie producer that has partnered with philanthropist Abigail Disney in a consortium vying to acquire the Weinstein Company, said on Monday that a bankruptcy may be the best way forward for the U.S. film and TV studio.

worldNews reuters.com

Openness or protection? Czechs' choice echoes EU, U.S. votes

PRAGUE (Reuters) - Czechs, like fellow voters from Europe to the United States, must weigh promises of a more outward-looking society against protection from the uncertainties of the global economy and immigration when they elect their president later this month.

businessNews reuters.com

Game of chicken: GM bets on Mexican-made pickup trucks

SILAO, Mexico/DETROIT (Reuters) - General Motors Co's assembly plant in Silao, a city in Mexico's automotive heartland, cranked out more than 400,000 highly profitable, large pickup trucks last year, and is critical to the launch of a new generation of Chevrolet Silverado trucks later this year.

businessNews reuters.com

Ryanair wants to buy parts of Austrian airline Niki

VIENNA (Reuters) - Irish airline Ryanair said on Monday it had contacted the Austrian administrator of insolvent holiday airline Niki to express its interest in buying some of its assets.

businessNews reuters.com

Oil hovers around $70, clouded by rise in U.S. output

CALGARY, Alberta (Reuters) - Oil hovered near a three-year high above $70 a barrel on Monday on signs that production cuts by OPEC and Russia are tightening supplies, although analysts warned of "red flags" due to surging U.S. production.

businessNews reuters.com

U.S. automakers bet on diesel trucks after VW scandal

DETROIT (Reuters) - U.S. automakers are unveiling new diesel pickup trucks even as diesel sales have fallen sharply since Volkswagen AG's 2015 diesel emissions scandal.

cnn.com

Victims of ex-Team USA Gymnastics doctor finally get their days in court

One by one, the young women will step up in court, just feet away from their abuser. And they will deliver the message that so many have repeated.

companyNews reuters.com

Iran jetliner deal could take longer to complete, Airbus says

* Trump warns of "disastrous flaws" in 2015 Iran nuclear deal

businessNews reuters.com

Citi to raise pay for women and minorities in U.S., UK, Germany

(Reuters) - Citigroup Inc will increase compensation for women and minorities to bridge pay gaps in the United States, the United Kingdom and Germany, as part of its annual pay process this year, the Wall Street bank said on Monday.

businessNews reuters.com

Carillion collapse hits banks and investors, boosts short sellers

LONDON (Reuters) - Leading British lenders including Barclays, the Royal Bank of Scotland and Lloyds Banking Group face the prospect of hundreds of millions of pounds in outstanding loans going unpaid from Carillion's collapse on Monday.

businessNews reuters.com

Britain's Carillion collapses after banks pull the plug

LONDON (Reuters) - Carillion collapsed on Monday when its banks pulled the plug, triggering Britain's biggest corporate failure in a decade and forcing the government to step in to guarantee public services from school meals to road works.

businessNews reuters.com

America Last? EU says Trump is losing on trade

BRUSSELS (Reuters) - The European Union's trade tsar has no idea what Donald Trump will tell his audience at the World Economic Forum in Davos next week, but she is clear what the EU's message to the U.S. president will be.

businessNews reuters.com

UK government seeks to limit damage after Carillion collapses

LONDON (Reuters) - Britain's Carillion collapsed on Monday after its banks lost faith in the construction and services company, forcing the government to step in to guarantee major public works contracts.

businessNews reuters.com

Airbus wins 2017 order race after last-gasp sales spree

PARIS (Reuters) - Frenetic selling in the closing weeks of 2017 saw Airbus overhaul Boeing's recent lead in the global jet market to win their annual order contest for a fifth year in a row, though doubts remain over the future of its flagship A380.

businessNews reuters.com

BMW optimistic on favorable outcome to NAFTA talks

FRANKFURT (Reuters) - BMW is optimistic Washington's drive to renegotiate the North American Free Trade Agreement (NAFTA) will result in a deal that benefits the German carmaker, it said on Monday.

businessNews reuters.com

German carmakers eye further U.S. market share gains in 2018: VDA

DETROIT (Reuters) - German automakers expect to continue to grow market share in the United States this year thanks to a raft of new models, even as demand in the world's second largest car market is seen falling again slightly, Germany's VDA industry lobby said.

cnn.com

Lewandowski expects to testify this week in Russia probe

Former Trump campaign manager Corey Lewandowski expects to voluntarily testify behind closed doors before Congress this week as part of the investigation into Russian election interference.

worldNews reuters.com

Israel's Netanyahu pushes for India free trade deal during rare visit

NEW DELHI (Reuters) - India and Israel will begin work on a free trade pact that Israel has been pushing for, officials said on Monday, as Benjamin Netanyahu began a first visit by an Israeli prime minister in 15 years.

businessNews reuters.com

Investors see few silver linings in Carillion collapse

LONDON (Reuters) - Investors struggled to find buying opportunities after the collapse of British construction and support services company Carillion on Monday, underscoring how risks have piled up for the whole industry.

businessNews reuters.com

HNA wins loan deadline extension to proceed with Hong Kong property project

HONG KONG (Reuters) - Chinese conglomerate HNA Group's [HNAIR.UL] Hong Kong International Investment unit has negotiated a six-month deadline extension for a loan linked to a land parcel in Hong Kong as its parent contends with growing debt challenges.

companyNews reuters.com

BRIEF-Cannimed Says Glass Lewis Recommends Co's Shareholders Vote For Newstrike Deal

* A SECOND LEADING INDEPENDENT PROXY ADVISOR, GLASS LEWIS, RECOMMENDS CANNIMED SHAREHOLDERS VOTE “FOR” THE NEWSTRIKE ACQUISITION

businessNews reuters.com

Lloyd's of London to open Brussels unit in early 2019: CEO

HONG KONG (Reuters) - Insurance market Lloyd's of London [SOLYD.UL], an integral part of the British business scene since the 17th century, is on track to start operations at its Brussels unit next January, its chief executive said on Monday.

businessNews reuters.com

Legendary U.S. investor Boone Pickens closes energy hedge fund after setbacks

(Paragraph 6 of this JAN. 12 story has been corrected after HSBC said the Andurand Commodities Fund gained 2.2 pct in 2017, instead of losing 4.47 pct)

businessNews reuters.com

Noble Group nets less than expected from oil unit sale to Vitol

LONDON (Reuters) - Struggling commodities trader Noble Group has completed the sale of its U.S.-focused oil business to the world's largest oil trader Vitol, but net proceeds from the deal are lower than a previously announced estimate, the company said on Monday.

worldNews reuters.com

German conservatives seek to allay SPD fears over coalition deal

BERLIN (Reuters) - A senior member of Germany's conservatives said a blueprint on forming a coalition government with the Social Democrats (SPD) would be further refined, in remarks seemingly intended to appease opponents of the deal.

businessNews reuters.com

Oil hovers below $70 highs, clouded by rise in U.S. output

LONDON (Reuters) - Oil hovered below a three-year high near $70 a barrel on Monday on signs that production cuts by OPEC and Russia are tightening supplies, but analysts warned of "red flags" due to surging U.S. production.

businessNews reuters.com

Euro hits three-year high as Europe leads global optimism

LONDON (Reuters) - The euro hit a fresh three-year high on Monday as optimism around growth buoys expectations of tighter policy from central banks, while the chance of a pro-European coalition in Germany also boosted confidence in the continent.

topNews reuters.com

Russia will not support U.S. bid to change Iran nuclear deal: Lavrov

MOSCOW (Reuters) - Russian Foreign Minister Sergei Lavrov said on Monday Moscow will not support attempts by Washington to modify the Iran nuclear deal.

businessNews reuters.com

Airbus aims to seize jet production crown from Boeing in 2020

PARIS (Reuters) - Airbus is three years away from recovering leadership of the commercial aircraft market by outproducing U.S. rival Boeing , its top planemaker predicted on Monday.

businessNews reuters.com

Exclusive: China's JD.com targets $2 billion fundraising at logistics unit - sources

HONG KONG (Reuters) - China's second-biggest e-commerce firm JD.com has kicked off a fundraising round at its logistics unit with a target of at least $2 billion, and eventually plans to list the business overseas, people with direct knowledge of the matter said.

businessNews reuters.com

Britain's Carillion collapses, forcing government to step in

LONDON (Reuters) - Britain's Carillion collapsed on Monday after its banks lost faith in the construction and services company, throwing hundreds of major projects into doubt and forcing the government to step in to guarantee vital public services.

businessNews reuters.com

European shares pause for breath; Carillion rivals gain

LONDON (Reuters) - European stocks got off to a sluggish start on Monday following two weeks of gains, with cyclical stocks among the biggest decliners, while M&A remained in focus.

topNews reuters.com

Russia will not support U.S. attempts to change Iran nuclear deal: Lavrov

MOSCOW (Reuters) - Russian Foreign Minister Sergei Lavrov said on Monday Moscow will not support attempts by Washington to change the Iran nuclear deal.

businessNews reuters.com

Toymaker Lego teams up with Chinese internet giant Tencent

COPENHAGEN (Reuters) - Danish toymaker Lego is teaming up with Chinese internet giant Tencent Holdings Ltd to jointly develop online games and potentially a social network aimed at Chinese children.

worldNews reuters.com

Russia will work to preserve Iran nuclear deal, FM Lavrov says

MOSCOW (Reuters) - Russian Foreign Minister Sergei Lavrov said on Monday that Moscow will work to preserve the existing Iran nuclear deal despite Washington threatening to withdraw from it.

businessNews reuters.com

HNA's problems mount as airlines delay payments, bank sets up team to handle debt: sources

SHANGHAI/SINGAPORE (Reuters) - Some airlines affiliated with China's HNA Group Co Ltd are delaying aircraft lease payments to lessors, and Export-Import Bank of China, which is a long-term financer of the group, has formed a team to handle the conglomerate's liquidity issues, several banking and leasing sources said.

cnn.com

Philippines on high alert as volcano might erupt in 'weeks or days'

The Philippines' most active volcano has shown signs of imminent eruption, forcing thousands of people on the main island of Luzon to evacuate.

businessNews reuters.com

Brent crude oil rises to $70 on output cuts, ignores North America rig gains

SINGAPORE (Reuters) - Brent crude oil prices rose to $70 a barrel on Monday, supported by ongoing output cuts led by OPEC and Russia, and ignoring a rise in U.S. and Canadian drilling activity that points to higher future output in North America.

businessNews reuters.com

SoftBank considers IPO for Japan wireless unit, said to seek $18 billion

TOKYO (Reuters) - SoftBank Group Corp said on Monday it was considering listing its Japanese wireless business, seeking to raise a reported $18 billion in a move that would accelerate the conglomerate's transformation into one of the world's biggest tech investors.

businessNews reuters.com

Ford plans $11 billion investment, 40 electrified vehicles by 2022

DETROIT (Reuters) - Ford Motor Co will significantly increase its planned investments in electric vehicles to $11 billion by 2022 and have 40 hybrid and fully electric vehicles in its model lineup, Chairman Bill Ford said on Sunday at the Detroit auto show.

businessNews reuters.com

Oil near three-year highs on output cuts despite rising North American rig count

SINGAPORE (Reuters) - Oil prices held just below December 2014 highs on Monday, supported by ongoing output cuts led by OPEC and Russia despite a rise in U.S. and Canadian drilling activity that points to higher future output in North America.

businessNews reuters.com

Singapore central bank head hopes cryptocurrency tech will survive 'crash'

SINGAPORE (Reuters) - The head of Singapore's central bank said on Monday he hoped the technologies underpinning cryptocurrencies such as blockchain would not be undermined by an eventual crash in the digital money.

environmentNews reuters.com

Philippines says hazardous volcano eruption possible 'within weeks or days'

MANILA (Reuters) - The Philippines' chief volcanologist warned on Monday of a possible hazardous eruption at Mount Mayon "within weeks or even within days", as magma continued to pile up at the summit of the Southeast Asian country's most active volcano.

businessNews reuters.com

Asia shares hit historic highs, dollar slips anew

SYDNEY (Reuters) - Asian shares hit historic highs on Monday after Wall Street extended its record-breaking run, while the U.S. dollar retreat continued as investors priced in the risk of tighter policies elsewhere in the developed world.

politicsNews reuters.com

Trump says 'I'm not a racist,' keeps door open for DACA deal

WEST PALM BEACH, Fla. (Reuters) - U.S. President Donald Trump insisted on Sunday "I'm not a racist" in response to reports that he had described immigrants from Haiti and African countries as coming from "shithole countries."

businessNews reuters.com

SoftBank plans $18 billion IPO of mobile phone unit: Nikkei

TOKYO (Reuters) - SoftBank Group plans to list its mobile phone business and raise some US$18bn, the Nikkei newspaper has said, a spin-off that would complete the Japanese telecoms conglomerate's transformation into a global technology investor.

technologyNews reuters.com

South Korea says planned ban on cryptocurrency market not yet finalized

SEOUL (Reuters) - South Korea said on Monday that its plans to ban virtual coin exchanges had not yet been finalized as government agencies were still in talks to decide how to regulate the market.

politicsNews reuters.com

Trump says 'I'm not a racist,' willing to reach deal on DACA

WEST PALM BEACH, Fla. (Reuters) - U.S. President Donald Trump said on Sunday that he is "not a racist" despite reports of his derogatory comments about immigrants from Haiti and Africa, adding that he was "ready, willing and able" to reach a deal to protect immigrants brought to the United States as children.

businessNews reuters.com

VW to spend more than $3.3 billion through 2020 on U.S. model expansion

DETROIT (Reuters) - Volkswagen plans to spend more than $3.3 billion on development and production of new models in North America from 2018 to 2020 as the German group reboots operations in the world's second-largest auto market.

businessNews reuters.com

Oil dips away from 2014 highs on rising U.S. rig count, but analysts say market supported

SINGAPORE (Reuters) - Oil prices dipped on Monday as rising drilling activity in the United States pointed to higher future output, although output cuts led by OPEC and Russia as well as healthy demand kept crude near December 2014 highs reached last week.

businessNews reuters.com

Softbank plans $18 billion IPO of mobile phone unit this year: Nikkei

TOKYO (Reuters) - SoftBank Group Corp plans to list its mobile-phone business and raise some $18 billion, the Nikkei newspaper said, a spin-off that would complete the Japanese telecoms conglomerate's transformation into a global technology investor.

businessNews reuters.com

Ford plans $11 billion investment, 40 electric vehicles by 2022

DETROIT (Reuters) - Ford Motor Co will significantly increase its planned investments in electric vehicles to $11 billion by 2022 and have 40 hybrid and fully electric vehicles in its model lineup, Chairman Bill Ford said on Sunday at the Detroit auto show.

United States Politics and Government nytimes.com

Op-Ed Contributor: Democrats, Make a Deal With Trump to Protect Dreamers

Give the president his wall — the future of nearly 800,000 Dreamers is on the line.

businessNews reuters.com

Asia shares hit historic high, dollar on defensive

SYDNEY (Reuters) - Asian shares hit historic highs on Monday as Wall Street extended its record-breaking run, while the U.S. dollar remained on the defensive as investors priced in the risk of tighter policies elsewhere in the rich world.

businessNews reuters.com

Ford ups electric vehicle plans to $11 billion by 2022: executive

(Reuters) - Ford Motor Co will increase significantly its planned investments in electric vehicles to $11 billion by 2022, Chairman Bill Ford told reporters on Sunday at the Detroit auto show.

companyNews reuters.com

UPDATE 3-Carillion in final appeal to lenders after UK refuses rescue - Sky News

LONDON, Jan 14 (Reuters) - Carillion's directors were making a final rescue appeal to its lending banks on Sunday night after the government refused to rescue the struggling construction and services company, Sky News reported.

cnn.com

How will Trump's reported comment affect push for DACA deal?

Lawmakers and other politicians were at odds Sunday about whether they think Congress will be able to reach an immigration deal amid the outcry over President Donald Trump's remarks about immigrants from certain countries last week.

cnn.com

Iran: Trump failed to kill nuclear deal

After President Donald Trump signed off on a waiver to keep several sanctions on Iran suspended, Iranian President Hassan Rouhani mocked him for failing to kill off the Iran nuclear deal despite the US leader's election promise to do so.

businessNews reuters.com

VW brand car sales hit 6.23 million record in 2017

DETROIT (Reuters) - Volkswagen's core autos division increased vehicle sales to a new record last year, as rising demand for VW brand models in the Americas and the key Chinese market offset a decline in western Europe.

entertainmentNews reuters.com

Box Office: 'Jumanji' dominates MLK weekend, 'The Post' leads newcomers

LOS ANGELES (Variety.com) - Sony's "Jumanji: Welcome to the Jungle" is dominating the North American box office to easily win the four-day Martin Luther King Jr. weekend with about $33.4 million at 3,849 sites, estimates showed Sunday.

Soccer nytimes.com

On Soccer: Liverpool Beats Manchester City, Dealing Blow to Its Invincible Aura

Liverpool ensured Manchester City would not go unbeaten through its Premier League schedule by edging the league leaders, 4-3, in a thriller at Anfield.

technologyNews reuters.com

Saudi Electricity signs deal with Japanese firms for first EV pilot

KHOBAR, Saudi Arabia (Reuters) - State-controlled Saudi Electricity Co (SEC) has signed a deal with Japanese Tokyo Electric Power Co (TEPCO), Nissan Motor Co and Takaoka Toko for the first electric vehicle (EV) pilot project in the world's largest oil exporter, it said on Sunday.

worldNews reuters.com

German SPD leaders aim to improve on coalition deal with Merkel

BERLIN (Reuters) - Leading members of Germany's Social Democrats vowed on Sunday to press for improvements to a coalition blueprint they have agreed with Chancellor Angela Merkel's conservatives, seeking to win over skeptical party members who can torpedo the agreement.

businessNews reuters.com

Airbus in talks on 70-80 million euro deal to end German probe: paper

FRANKFURT (Reuters) - Airbus is in talks with German prosecutors to end an investigation into the sale of Eurofighter jets to Austria in exchange for a settlement of between 70 million and 80 million euros ($85 million to $98 million), a German newspaper reported.

companyNews reuters.com

RPT-Wall St Week Ahead-Investors green-light infrastructure trade, but expect road bumps

NEW YORK, Jan 12 (Reuters) - Volatility awaits shares of U.S. construction, engineering, building materials and other companies tied to infrastructure spending, but steel-nerved investors could be poised for gains if they weather a few bumps.

worldNews reuters.com

South Africa's ANC leader says issue of Zuma's future "will be dealt with": eNCA

JOHANNESBURG (Reuters) - The new leader of South Africa's ruling African National Congress (ANC) party, Cyril Ramaphosa, said in an interview broadcast on Sunday that the issue of whether President Jacob Zuma should step down "will be dealt with."

businessNews reuters.com

Airbus offers 70-80 million euro settlement to end German probe: paper

FRANKFURT (Reuters) - Airbus is in talks with German prosecutors to end an investigation into the sale of Eurofighter jets to Austria in exchange for a settlement of between 70 million and 80 million euros ($85 million to $98 million), a German newspaper reported.

nytimes.com

Trump, Hawaii, Montecito: Your Weekend Briefing

Here’s what you need to know about the week’s top stories.

topNews reuters.com

Burning Iranian oil tanker finally sinks after January 6 accident: Chinese state TV

BEIJING (Reuters) - A burning Iranian oil tanker that had drifted into Japan's exclusive economic zone has sunk after a collision on Jan. 6, Chinese state television said on Sunday.

businessNews reuters.com

Ford unveils future Ranger pickup for segment rivals dominate

DETROIT (Reuters) - Ford Motor Co on Sunday will officially take the wraps off its long-awaited Ranger midsize pickup truck, a year ahead of its arrival in showrooms, as rivals consolidate positions in a segment Detroit automakers once gave up for dead.

businessNews reuters.com

After emissions scandal, Volkswagen on U.S. comeback trail with all-new Jetta

DETROIT (Reuters) - Volkswagen will launch an all-new Jetta compact car, its biggest seller in America, at the Detroit Auto Show on Sunday as the German carmaker looks to revive sales in the world's second-largest auto market and move on from the emissions scandal that has tarnished its reputation over the past few years.

businessNews reuters.com

China to step up banking oversight in 'arduous' fight on financial risks

BEIJING (Reuters) - China will step up oversight in the banking sector this year to reduce financial risks, the country's banking regulator said, stressing that long-term efforts would be needed to control banking sector chaos.

businessNews reuters.com

GM executives defend NAFTA, Mexican truck plant

DETROIT (Reuters) - General Motors Co Chief Executive Mary Barra expressed optimism on Saturday that the North American Free Trade Agreement would survive, and other senior GM executives stood by the company's plans to continue building trucks in Mexico.

sportsNews reuters.com

Figureskating: Searching for the next Asada, Japan rebuilds

TOKYO (Reuters) - Japanese figure-skating fans head into next month's Pyeongchang Winter Olympics in an unusual position with no-one in their once powerhouse women's team assuming the mantle of the retired Mao Asada.

businessNews reuters.com

Airbus ordered to pay 104 million euros to settle Taiwan missile dispute

PARIS (Reuters) - Airbus said on Saturday it had been ordered to pay 104 million euros in fines over a missile sale to Taiwan in 1992, the latest French arms company to reach a settlement over disputes arising from one of France's biggest ever arms sales.

businessNews reuters.com

Airbus says in talks to end German Eurofighter investigation

PARIS (Reuters) - Airbus said on Saturday it was in talks with Munich prosecutors that could lead to the termination of their investigation into alleged corruption in the sale of Eurofighter combat jets to Austria in 2003.

businessNews reuters.com

GM's new Chevy Silverado bids for more U.S. pickup profits

DETROIT (Reuters) - General Motors Co on Saturday will fire a new round in the battle for profits from one of the U.S. auto industry's most lucrative segments when it shows a new generation of its Chevrolet Silverado pickup truck at Detroit's auto show.

businessNews reuters.com

South African protesters ransack H&M stores over 'racist' ad

JOHANNESBURG (Reuters) - Protesters angered by a "racist" H&M advertisement ransacked several of the Swedish fashion group's South African stores on Saturday.

worldNews reuters.com

Incumbent Zeman leads Czech presidential election: half votes counted

PRAGUE (Reuters) - Incumbent Milos Zeman led the first round of the Czech Republic's presidential election on Saturday with 41.99 percent of the vote, results from 51.3 percent of voting districts showed.

businessNews reuters.com

Adidas targets U.S. market share of 15-20 percent: paper

FRANKFURT (Reuters) - German sportswear maker Adidas wants to increase its U.S. market share to around 15-20 percent from levels that are now "significantly lower", its chief financial officer said.

businessNews reuters.com

Air France denies involvement in bid to take over Alitalia

PARIS (Reuters) - Air France on Saturday denied that it had made an offer to buy the struggling airline Alitalia, a day after an Italian government minister said the French flag carrier had made a joint bid with budget airline EasyJet .

politicsNews reuters.com

U.S. ultimatum on nuclear deal, new sanctions draw Iran threat

MOSCOW (Reuters) - Iran said on Saturday it would retaliate against new sanctions imposed by the United States after President Donald Trump set an ultimatum to fix "disastrous flaws" in a deal curbing Tehran's nuclear program.

sportsNews reuters.com

Mertens defends Hobart title after edging rain-hit final

HOBART (Reuters) - Belgian Elise Mertens defeated Mihaela Buzarnescu of Romania 6-1 4-6 6-3 in a rain-interrupted final to defend her Hobart International title on Saturday.

businessNews reuters.com

Wall Street hits new highs on earnings optimism, data

(Reuters) - Wall Street continued its rally on Friday with record closing highs as the fourth-quarter earnings season kicked off with solid results from banks and robust retail sales drove investor optimism about economic growth.

businessNews reuters.com

Indonesia central bank warns over cryptocurrencies

JAKARTA (Reuters) - Indonesia's central bank has issued a fresh warning about trading in cryptocurrencies like bitcoin because of the risk of losses to the public and even a potential threat to the stability of the financial system.

businessNews reuters.com

Deutsche Bank CEO sees far fewer than 4,000 Brexit-related moves: paper

DUESSELDORF (Reuters) - Deutsche Bank's chief executive expects to move far fewer than 4,000 jobs to Frankfurt following Britain's departure from the European Union, he told Swiss daily Neue Zuercher Zeitung.

businessNews reuters.com

Facebook's Sandberg, Twitter's Dorsey to leave Disney board

LOS ANGELES (Reuters) - Facebook Inc Chief Operating Officer Sheryl Sandberg and Twitter Inc Chief Executive Jack Dorsey will not seek re-election to Walt Disney Co's board because of conflicts of interest between the media giant and the technology companies, Disney said on Friday.

businessNews reuters.com

Ford to offer auto emergency braking on half its U.S. models in 2019

DETROIT (Reuters) - Ford Motor Co said on Friday it will offer automatic emergency braking on more than half its U.S. models in 2019, and that it is on track to equip all U.S. models with the device by 2022.

businessNews reuters.com

Volkswagen agrees to $232 million 3.0-liter Canadian emissions settlement

(Reuters) - Volkswagen AG has agreed to a settlement worth up to $232 million (C$290.5) with owners of vehicles in Canada affected by its diesel emissions-cheating scandal, the automaker said on Friday.

businessNews reuters.com

Viacom, CBS not in active merger discussions: sources

(Reuters) - Viacom Inc and CBS Corp are not in active merger discussions, although controlling shareholder Shari Redstone has had exploratory conversations with CBS directors about recombining the companies, two sources familiar with the situation told Reuters on Friday.

businessNews reuters.com

House Republicans want answers on Apple throttling older iPhone speeds: letter

WASHINGTON (Reuters) - Four U.S. House Republicans, including the chairman of the Energy and Commerce Committee, on Friday wrote Apple Inc chief executive Tim Cook asking him to answer questions about its disclosure that it slowed older iPhones with flagging batteries.

businessNews reuters.com

Viacom, CBS not in active discussions: sources

(Reuters) - Viacom Inc and CBS Corp are not in active merger discussions, although controlling shareholder Shari Redstone has had exploratory conversations with CBS directors about recombining the companies, two sources familiar with the situation told Reuters on Friday.

cnn.com

Democrat Dick Durbin called out Trump for 'racist' comments, but Republicans didn't say what they heard or said they 'do not recall' slurs

A day after President Donald Trump reportedly made highly incendiary comments about immigrants and African countries, two Republican senators said they don't recall those vulgar characterizations from the President.

businessNews reuters.com

MoneyGram opens office in Brussels

(Reuters) - The U.S. money-transfer company MoneyGram International Inc confirmed on Friday that it had opened an office in Brussels and National Bank of Belgium had granted it license as a payment provider.

businessNews reuters.com

Wall St. hits new highs on earnings optimism, data

(Reuters) - Wall Street continued its rally on Friday with record closing highs as the fourth-quarter earnings season kicked off with solid results from banks and robust retail sales drove investor optimism about economic growth.

businessNews reuters.com

D.E. Shaw takes stake in Lowe's: CNBC

(Reuters) - Hedge fund D.E. Shaw & Co has built an active stake in home improvement chain Lowe's Cos Inc , CNBC reported on Friday, citing sources.

cnn.com

The embassy that Trump thinks is a 'bad deal'

With a price tag of $1 billion, the new US embassy in London is one of the most expensive buildings of its kind in the world. After US President Donald Trump said he was canceling his visit to London in part because of his proclaimed outrage over the cost, it is now one of the most notorious.

businessNews reuters.com

Fiat Chrysler recalls 162,000 minivans over glitch that may cause stall

WASHINGTON (Reuters) - Fiat Chrysler Automobiles NV said on Friday it was recalling more than 162,000 2017 Chrysler Pacifica minivans because a software glitch may cause the vehicles to stall.

businessNews reuters.com

Wall St. scales record highs on earnings optimism, data

(Reuters) - Wall Street continued its rally on Friday as fourth-quarter earnings season kicked off with solid results from banks and robust retail sales drove gains for consumer stocks.

politicsNews reuters.com

Trump issues ultimatum to 'fix' Iran nuclear deal

WASHINGTON (Reuters) - U.S. President Donald Trump on Friday gave the Iran nuclear deal a final reprieve but warned European allies and Congress they had to work with him to “fix the terrible flaws” of the pact or face U.S. withdrawal.

businessNews reuters.com

U.S. top court to decide if online retailers must collect state sales tax

WASHINGTON (Reuters) - The U.S. Supreme Court on Friday agreed to decide whether to expand the ability of states to require online retailers to collect sales tax, taking up South Dakota's dispute with three e-commerce companies.

businessNews reuters.com

U.S. airlines November on-time rates highest in eight years

NEW YORK (Reuters) - U.S. airlines in November had their highest on-time arrival rates in eight years, the U.S. Department of Transportation said on Friday, setting another watermark in a record-breaking year for safety and performance.

businessNews reuters.com

CVS plans to keep Aetna's headquarters in Connecticut

NEW YORK (Reuters) - CVS Health Inc said on Friday that it plans to keep Aetna Inc's headquarters in Connecticut after it completes its $69 billion acquisition of the U.S. health insurer.

politicsNews reuters.com

Political risk looms over Republicans' welfare tinkering

WASHINGTON (Reuters) - Political danger signs are flashing, but conservatives in Washington are pushing forward with proposals to change America's social safety net, an agenda even fellow Republican President Donald Trump recently shied away from.

cnn.com

Trump issues warning, but continues to honor Iran deal

President Donald Trump on Friday avoided upending the nuclear deal with Iran that he has repeatedly disparaged, agreeing to waive key sanctions the US lifted as part of the deal.

businessNews reuters.com

Alibaba's Taobao again on U.S. blacklist list for fakes

(Reuters) - The U.S. Trade Representative put Alibaba's Taobao on its blacklist for the second year in a row over suspected counterfeits sold on the shopping platform, a move the Chinese e-commerce giant said did not reflect its IP-protection efforts.

businessNews reuters.com

Mnuchin sees $1 trillion revenue growth from tax overhaul

WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Friday he believed the Republican tax cuts will ultimately become revenue neutral over 10 years due to higher growth, but the Treasury will likely ask Congress for more money to implement the plan.

United States International Relations nytimes.com

Trump Stops Short of Reimposing Iran Sanctions but Sets Deadline to Overhaul Deal

President Trump approved sanctions against the head of Iran’s judiciary, a powerful figure the administration holds culpable for the violent crackdown on anti-government protests.

businessNews reuters.com

Goldman thwarts fraud class action tied to Abacus CDO: U.S. appeals court

NEW YORK (Reuters) - A U.S. appeals court said a shareholder lawsuit accusing Goldman Sachs Group Inc of fraudulently claiming to put client interests before its own when creating risky subprime securities before the financial crisis, including a collateralized debt obligation known as Abacus, cannot proceed as a class action.

companyNews reuters.com

HSH Nordbank may pick bidder for exclusive talks next week -sources

BERLIN, Jan 12 (Reuters) - The state owners of Germany's HSH Nordbank may decide to enter exclusive negotiations with one of the remaining bidders for the bank next week as the long-running privatisation process nears conclusion, two people close to the matter said.

politicsNews reuters.com

Despite political risk, Republicans tinker with welfare

WASHINGTON (Reuters) - Political danger signs are flashing, but conservatives in Washington are pushing forward with proposals to change America's social safety net, an agenda even fellow Republican President Donald Trump recently shied away from.

businessNews reuters.com

Wall St. scales record highs on earnings optimism, robust data

(Reuters) - Wall Street rose to record highs on Friday as fourth-quarter earnings season kicked off with solid results from JPMorgan and BlackRock and robust retail sales drove gains for consumer stocks.

businessNews reuters.com

Wells Fargo sees no end yet to sales scandal costs, gets tax boost

NEW YORK (Reuters) - Wells Fargo & Co is not certain it has fully uncovered and fixed all problems related to a long-running sales scandal that has hurt the bank's reputation and sideswiped its efforts to cut costs, Chief Executive Tim Sloan said on Friday.

Automobiles nytimes.com

G.M. Says Its Driverless Car Could Be in Fleets by Next Year

Once federal and state agencies grant approval, the electric vehicle will be ready for production on a standard assembly line, the automaker said.

businessNews reuters.com

Rising rents, healthcare costs boost underlying U.S. inflation

WASHINGTON (Reuters) - Underlying U.S. consumer prices recorded their largest increase in 11 months in December on strong gains in the cost of rental accommodation and healthcare, bolstering expectations that inflation will accelerate this year.

companyNews reuters.com

UPDATE 1-Russia's Novak says to discuss possible exit from OPEC+ deal in Oman

MOSCOW, Jan 12 (Reuters) - Ministers from leading OPEC and non-OPEC producers will discuss the possibility of a smooth exit from a global deal to cut oil output next week, Russia's energy minister said on Friday.

worldNews reuters.com

Coalition deal leaves Merkel's fate in hands of Social Democrats

BERLIN (Reuters) - Angela Merkel has survived as German chancellor but the coalition deal she clinched on Friday puts her fate in the hands of her Social Democrat (SPD) partners and risks eroding support from her close allies before the end of her fourth term.

businessNews reuters.com

Wall Street surges as consumer and bank stocks gain

(Reuters) - Wall Street's main indexes surged on Friday as strong results for JPMorgan lifted financial stocks and robust retail sales data drove gains in consumer stocks.

businessNews reuters.com

Legendary investor Boone Pickens closes energy hedge fund amid setbacks

HOUSTON (Reuters) - Legendary investor T. Boone Pickens said on Friday he has closed his Dallas-based energy hedge fund amid health and financial setbacks.

businessNews reuters.com

U.S. agency probing 2018 VW Tiguan for seat belt issue: statement

WASHINGTON (Reuters) - The U.S. National Highway Traffic Safety Administration said Friday it has opened a preliminary investigation into whether seat belts on new 2018 Volkswagen Tiguan sport utility vehicles could fail during a crash.

businessNews reuters.com

Federal Reserve fines five banks to wrap up mortgage servicing charges

WASHINGTON (Reuters) - The Federal Reserve fined five large U.S. banks a combined $35.1 million to settle cases of mortgage servicing flaws dating back to 2011.

worldNews reuters.com

France's Macron welcomes Merkel's deal with Social Democrats, says good for Europe

PARIS (Reuters) - French President Emmanuel Macron on Friday welcomed a deal in Germany between Chancellor Angela Merkel and Social Democrat (SPD) that paves the way for a coalition government, saying its provisional terms were good for Europe.

politicsNews reuters.com

Trump slams Senate immigration deal, denies offensive language

(Note: Story includes language throughout that will offend some readers)

businessNews reuters.com

Wall Street higher as consumer and bank stocks gain

(Reuters) - Wall Street's main indexes were higher on Friday as strong December retail sales data drove gains in consumer stocks and bank results pushed up the financial sector.

businessNews reuters.com

Mnuchin sees $1 trillion revenue growth from U.S. tax overhaul

WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Friday that he believes the Republican tax cuts will ultimately become revenue neutral over 10 years due to higher growth, but the Treasury will likely ask Congress for more money to implement the plan.

businessNews reuters.com

S&P, Dow open higher as bank shares rise

(Reuters) - The S&P and the Dow opened higher on Friday on gains in banking shares, while the Nasdaq was dragged 5 percent lower by losses in Facebook.

businessNews reuters.com

Year of policy tightening set for early Canadian test

DUBLIN (Reuters) - The Bank of Canada will get the first crack in the coming week at demonstrating whether, as many expect, monetary policy among the world's major economies is set to tighten more in 2018 than in any year since the crisis.

politicsNews reuters.com

Trump slams Senate 'Dreamer' deal, seeks to walk back 'tough' words

(Note: 9th and 13th paragraphs includes language some readers will find offensive)

businessNews reuters.com

Rents boost U.S. core CPI; retail sales rise solidly

WASHINGTON (Reuters) - Underlying U.S. consumer prices recorded their largest increase in 11 months in December amid strong gains in the cost of rental accommodation and healthcare, bolstering expectations that inflation will accelerate this year.

businessNews reuters.com

Wells Fargo adds $3.25 billion to consumer legal bill in fourth quarter

(Reuters) - Wells Fargo & Co set aside $3.25 billion in the fourth quarter to cover legal expenses related to probes into its mortgage and sales practices, but its 2018 cost outlook met analyst expectations as the bank tries to rebound from the scandal in its consumer banking business.

businessNews reuters.com

JPMorgan says tax changes will spur more profits after quarterly beat

(Reuters) - JPMorgan Chase & Co beat Wall Street's fourth-quarter earnings expectations on Friday and said tax law changes will help future profits by not only reducing the amount it pays the federal government but also by stimulating more business.

businessNews reuters.com

Canada welcomes Trump suggestion of NAFTA deadline extension

LONDON, Ontario (Reuters) - Canada welcomes the suggestion by U.S. President Donald Trump that the deadline for concluding talks to modernize NAFTA could be extended beyond the end of March, Foreign Minister Chrystia Freeland told reporters on Friday.

topNews reuters.com

Merkel wants to seal coalition deal with SPD swiftly: source

BERLIN (Reuters) - German Chancellor Angela Merkel wants to conclude negotiations with the Social Democrats (SPD) on forming a coalition government by mid-February, a source in her conservative party said on Friday.

worldNews reuters.com

Syrian war will drag into next decade: senior Kurdish leader

BEIRUT (Reuters) - A Russian-led effort to end the war in Syria will fail and the conflict looks set to extend into the next decade, a top Syrian Kurdish politician told Reuters in an interview.

businessNews reuters.com

U.S. retail sales rise; core sales revised sharply higher

WASHINGTON (Reuters) - U.S. retail sales increased in December as households bought a range of goods and figures for the prior month were revised higher, suggesting the economy exited 2017 with strong momentum.

businessNews reuters.com

Facebook shares slip after News Feed overhaul

(Reuters) - Shares of Facebook Inc fell 4 percent on Friday after Chief Executive Mark Zuckerberg announced changes to the platform's centerpiece News Feed that he said would hit user engagement in the near term.