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

domesticNews reuters.com

NEW YORK (Reuters) - New York and New Jersey on Thursday committed $1.75 billion and $1.9 billion, respectively, to fund a new rail tunnel underneath New York's Hudson River, part of an urgent program to expand and renovate Amtrak's aging and heavily traveled Northeast Corridor line. [Source]

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businessNews reuters.com

Netflix crosses $100 billion market cap on subscriber surge

(Reuters) - Netflix Inc snagged 8.33 million new streaming customers in the final quarter of last year - 2 million more than Wall Street expected - as the pioneering online video service kept pouring money into programming in a race to dominate internet television around the world.

companyNews reuters.com

UPDATE 6-AIG to buy reinsurer Validus for $5.56 billion

* Acquisition is AIG's largest since 2008 financial crisis (Adds comment from AIG CEO, paragraphs 6-8)

domesticNews reuters.com

Man sent to prison for up to 60 years in Pennsylvania school stabbings

HARRISBURG, Pa. (Reuters) - A western Pennsylvania man was sentenced on Monday to up to 60 years in prison for stabbing 20 fellow students and a security guard with two kitchen knives in a high school rampage in 2014.

companyNews reuters.com

UPDATE 5-AIG to buy reinsurer Validus for $5.56 billion

* Acquisition is AIG's largest since 2008 financial crisis (Adds details about Validus, Lloyd's of London, context about financial crisis and Willkie Farr & Gallagher LLP's role in the deal and comment from Lloyd's CEO)

domesticNews reuters.com

Illinois budget impasse cost state $1 billion in late payment penalties

CHICAGO (Reuters) - Illinois incurred $1.03 billion in late bill payment penalties last year largely as a result of the state's unprecedented two-year budget impasse, the state comptroller reported on Monday.

companyNews reuters.com

BRIEF-New Jersey Resources Increases 4-Month Revolving Credit Facility To $100 Million

* NEW JERSEY RESOURCES - ON JAN 19, CO, ENTERED AN AMENDMENT TO THE 4-MONTH $75 MILLION REVOLVING LINE OF CREDIT FACILITY, DATED AS OF DEC 14,2017

domesticNews reuters.com

U.S. top court backs police over arrests at racy Washington party

WASHINGTON (Reuters) - The U.S. Supreme Court on Monday threw out almost $1 million in damages won by a group of partygoers in a civil rights lawsuit against Washington police stemming from a 2008 gathering in a vacant house featuring scantily clad women with money tucked in their garter belts.

domesticNews reuters.com

Judge rejects Uber $3 million settlement with New York drivers

(Reuters) - A federal judge refused to grant preliminary approval for Uber Technologies Inc's [UBER.UL] proposed $3 million class-action settlement with 2,421 New York drivers who accused the ride-sharing company of retaining excessive fees from their fares.

businessNews reuters.com

S&P, Nasdaq drift higher ahead of Senate vote on funding

(Reuters) - The S&P and the Nasdaq hit fresh records on Monday as investors bet U.S. lawmakers would strike a deal to end a federal government shutdown and as a flurry of deals buoyed sentiment.

cnn.com

New Jersey's first lady: 'I was sexually assaulted'

At the Women's March in New Jersey, the state's first lady Tammy Murphy shared something she'd kept private for decades

companyNews reuters.com

US STOCKS-S&P, Nasdaq drift higher ahead of Senate vote on funding

* Indexes: Dow down 0.05 pct, S&P up 0.26 pct, Nasdaq up 0.49 pct (Changes comment, updates prices, adds details)

companyNews reuters.com

UPDATE 4-AIG to buy reinsurer Validus for $5.56 billion

* Deal to immediately add to AIG's EPS and ROE (Recasts, adds details about Duperreualt's experience with Bermuda insurance industry, context about financial crisis)

healthNews reuters.com

Celgene to buy Juno for $9 billion to boost cancer pipeline

(Reuters) - Celgene Corp will pay $9 billion in cash to buy experimental cancer drugmaker Juno Therapeutics Inc, bulking up its developmental pipeline as it works to reduce reliance on its own cancer treatment Revlimid.

companyNews reuters.com

CANADA STOCKS-TSX retreats as railroad and materials shares weigh

TORONTO, Jan 22 (Reuters) - Canada's main stock index fell on Monday as losses for the industrial and materials groups offset gains for financial shares.

domesticNews reuters.com

U.S. requiring enhanced cargo screening from Middle Eastern airports

WASHINGTON (Reuters) - The U.S. Transportation Security Administration said Monday it is requiring six Middle Eastern carriers to participate in an enhanced cargo screening program as part of an effort to raise global aviation security.

healthNews reuters.com

Sanofi digs deep to buy U.S. hemophilia group Bioverativ for $11.6 billion

PARIS (Reuters) - French healthcare group Sanofi has agreed to buy U.S. hemophilia specialist Bioverativ for $11.6 billion, its biggest deal for seven years and a major play to strengthen its presence in treatments for rare diseases.

businessNews reuters.com

Biotech M&A takes off as Sanofi and Celgene spend $20 billion

LONDON (Reuters) - Biotech deal activity exploded on Monday with French drugmaker Sanofi and U.S.-based Celgene spending a combined total of more than $20 billion to add new products for hemophilia and cancer to their medicine cabinets.

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UPDATE 1-Hedge fund Third Point pushes Nestle to do more faster -letter

BOSTON, Jan 22 (Reuters) - Billionaire investor Daniel Loeb praised food group Nestle's chief, but is keeping up the pressure with demands that the company move faster to overhaul its strategy.

PersonalFinance reuters.com

New Ocado ecommerce deal turns screw on bearish hedge funds

LONDON (Reuters) - Hedge funds which have bet on a fall in the share price of Ocado will have taken a hit after the online retailer unveiled a new international technology deal which sent its stock...

businessNews reuters.com

AIG to buy reinsurer Validus for $5.56 billion

(Reuters) - American International Group on Monday said it would buy Validus Holdings for $5.56 billion in cash to strengthen its reinsurance business, the company's first deal under Chief Executive Brian Duperreault.

companyNews reuters.com

UPDATE 3-AIG to buy reinsurer Validus for $5.56 billion

* Deal to immediately add to AIG's EPS and ROE (Adds details from conference call, shares)

PersonalFinance reuters.com

Hedge fund Third Point pushes Nestle to do more faster: letter

BOSTON (Reuters) - Billionaire investor Daniel Loeb praised consumer company Nestle's chief but is keeping up the pressure with demands that the company move faster in overhauling its strategy.

companyNews reuters.com

Hedge fund Third Point pushes Nestle to do more faster -letter

BOSTON, Jan 22 (Reuters) - Billionaire investor Daniel Loeb praised consumer company Nestle's chief but is keeping up the pressure with demands that the company move faster in overhauling its strategy.

healthNews reuters.com

Celgene to buy Juno for $9 billion to boost CAR-T expertise

(Reuters) - Celgene Corp announced a $9 billion cash buyout of Juno Therapeutics Inc on Monday as it moves to cement its position as a key player in a new range of cancer therapies.

businessNews reuters.com

AIG to buy reinsurer Validus Holdings for $5.56 billion

(Reuters) - American International Group on Monday said it would buy Validus Holdings for $5.56 billion in cash to strengthen its reinsurance business, the company's first deal under Chief Executive Brian Duperreault.

technologyNews reuters.com

More than 10 percent of $3.7 billion raised in ICOs has been stolen: Ernst & Young

NEW YORK (Reuters) - More than 10 percent of funds raised through "initial coin offerings" are lost or stolen in hacker attacks, according to new research by Ernst & Young that delves into the risks of investing in cryptocurrency projects online.

healthNews reuters.com

New drugs recast $10 billion hemophilia market as Sanofi swoops in

LONDON (Reuters) - Sanofi is placing a big bet on the $10 billion-a-year hemophilia market at a testing time, as scientific advances overhaul traditional approaches to treating the rare uncontrolled bleeding disorder.

companyNews reuters.com

Planemakers expect export funding impasse to be resolved soon

DUBLIN, Jan 22 (Reuters) - The world's leading planemakers said on Monday they expected uncertainty over Western government financing for Airbus and Boeing exports to be resolved in coming months, while Airbus said it was working on an alternative system with insurers.

businessNews reuters.com

AIG to buy reinsurer Validus Holdings for $5.56 billion in cash

(Reuters) - American International Group on Monday said it would buy property and casualty reinsurer Validus Holdings for $5.56 billion in cash to strengthen its general insurance business.

domesticNews reuters.com

Ferry service helps Alcatraz escape from government shutdown

NEW YORK (Reuters) - The lights are on at Alacatraz Island, the famous federal prison turned tourist destination in San Francisco Bay, even though the U.S. government has shut down. Private business is stepping up.

companyNews reuters.com

Celgene to buy remaining stake in Juno for $9 billion

Jan 22 (Reuters) - Celgene Corp said on Monday it agreed to buy rest of Juno Therapeutics Inc for about $9 billion in cash to gain access to Juno's pipeline of CAR-T cancer drugs.

domesticNews reuters.com

Mayor of Allentown, Pennsylvania to go on trial on corruption charges

HARRISBURG, Pa. (Reuters) - The mayor of Pennsylvania's third largest city, Allentown, is scheduled to appear at the start of his federal corruption trial on Monday, accused of soliciting campaign contributions in exchange for public contracts.

New York City nytimes.com

New York Today: New York Today: The Art of the Restaurant Review

Monday: Food critics talk shop, African-inspired fiber art, and building more bike lanes.

environmentNews reuters.com

Snowstorm in Tokyo disrupts road, rail and air transport

TOKYO (Reuters) - A rare snowstorm hit Tokyo on Monday, snarling train services, forcing the cancellation of scores of flights and prompting hordes of workaholic Japanese to heed official advice to head home early.

businessNews reuters.com

Sanofi digs deep to buy U.S. haemophilia group Bioverativ for $11.6 billion

PARIS (Reuters) - French healthcare group Sanofi has agreed to buy U.S. haemophilia specialist Bioverativ for $11.6 billion, its biggest deal for seven years, which it said would strengthen its presence in treatments for rare diseases.

businessNews reuters.com

Sanofi to buy U.S. haemophilia group Bioverativ for $11.6 billion

PARIS (Reuters) - French healthcare group Sanofi has agreed to buy U.S. haemophilia specialist Bioverativ for $11.6 billion, in a deal which it said would boost earnings and strengthen its presence in treatments for rare diseases.

businessNews reuters.com

Sanofi confirms deal to buy Bioverativ for $11.6 billion

PARIS (Reuters) - French healthcare group Sanofi has agreed to buy U.S. peer Bioverativ for $11.6 billion, in a deal which Sanofi said would boost its earnings and strengthen its presence in the field of treatment for rare diseases.

companyNews reuters.com

UPDATE 2-Wal-Mart shops Brazil unit stake to Advent, other funds -sources

SAO PAULO, Jan 21 (Reuters) - Wal-Mart Stores Inc is in talks with buyout firm Advent International Corp and other funds to sell a major stake in its Brazilian operations, two people with direct knowledge of the matter said on Sunday.

companyNews reuters.com

Billionaire Gupta looks to make electric cars in Australia

MELBOURNE, Jan 22 (Reuters) - British industrialist Sanjeev Gupta is set to bid for industrial assets at General Motors Co's former Holden manufacturing site in South Australia, according to the state's treasurer, aiming to use the equipment to build electric vehicles.

companyNews reuters.com

Japanese retail investors pull out of bear fund as Nikkei hits 26-year peak

* In the past, inflows to inverse ETF rose when Nikkei gained

businessNews reuters.com

Sanofi set to buy Bioverativ for more than $11.5 billion: WSJ

(Reuters) - Sanofi SA is close to a deal to take over U.S. drug maker Bioverativ Inc for more than $11.5 billion, the Wall Street Journal reported, citing people familiar with the matter.

worldNews reuters.com

Saudi-led coalition to give $1.5 billion in Yemen aid, expand port capacity

RIYADH (Reuters) - A military coalition led by Saudi Arabia said on Monday it would commit $1.5 billion in new humanitarian aid for Yemen where it is supporting the internationally recognized government against Iran-aligned Houthis in a three-year-old civil war.

businessNews reuters.com

Wal-Mart shops Brazil unit stake to Advent, other funds: sources

SAO PAULO (Reuters) - Wal-Mart Stores Inc is in talks with buyout firm Advent International Corp and other funds to sell a major stake in its Brazilian operations, two people with direct knowledge of the matter said on Sunday.

companyNews reuters.com

UPDATE 1-Wal-Mart shops Brazil unit stake to Advent, other funds -sources

SAO PAULO, Jan 21 (Reuters) - Wal-Mart Stores Inc is in talks with buyout firm Advent International Corp and other funds to sell a major stake in its Brazilian operations, two people with direct knowledge of the matter said on Sunday.

companyNews reuters.com

UPDATE 1-U.S. hedge fund Tiger Global has invested more than $1 bln in Barclays -FT

Jan 21 (Reuters) - U.S. hedge fund Tiger Global Management has invested more than $1 billion in Britain's Barclays Plc , the Financial Times reported on Sunday.

businessNews reuters.com

Stock-focused hedge funds post biggest gains among top performers

BOSTON (Reuters) - Hedge funds managers who bet on stocks scored some of the industry's biggest gains in 2017, when equity markets galloped past a series of critical milestones, according to a new list of the top 20 all-time performers.

PersonalFinance reuters.com

U.S. hedge fund Tiger Global has invested more than $1 billion in Barclays: FT

(Reuters) - U.S. hedge fund Tiger Global Management has invested more than $1 billion in Britain's Barclays Plc, the Financial Times reported on Sunday.

companyNews reuters.com

U.S. hedge fund Tiger Global has invested more than $1 bln in Barclays - FT

Jan 21 (Reuters) - U.S. hedge fund Tiger Global Management has invested more than $1 billion in Britain's Barclays Plc , the Financial Times reported on Sunday.

domesticNews reuters.com

Statue of Liberty to reopen; shutdown keeps other parks, monuments closed

NEW YORK (Reuters) - The Statue of Liberty will reopen on Monday even if the U.S. government shutdown extends into the work week, New York Governor Andrew Cuomo said on Sunday, vowing to use state funds to keep the landmark monument in operation.

Opera nytimes.com

Review: The Elusive Jonas Kaufmann Finally Returns to New York

The superstar tenor appeared at Carnegie Hall on Saturday night, winning cheers despite vocal glitches.

domesticNews reuters.com

New York governor vows to reopen Statue of Liberty as shutdown enters Day 2

NEW YORK (Reuters) - As the federal government shutdown entered its second day on Sunday, New York Governor Andrew Cuomo vowed to use state money to reopen the Statue of Liberty before Washington restores funding to operate the popular tourist destination.

cnn.com

Lawmakers go back to work today, but there's not much hope Senate Democrats will agree to fund the government until Trump agrees to deal with DACA

The government shutdown went into a second day Sunday with recriminations deepening between the parties and with no sign of progress towards ending the impasse.

domesticNews reuters.com

In New York, tourists left high and dry as Statue of Liberty shuts down

NEW YORK/WASHINGTON (Reuters) - Tourists who came to Battery Park in lower Manhattan hoping to catch a ferry to the Statue of Liberty in New York Harbor got an unpleasant surprise on Saturday, learning the must-see destination was closed thanks to a U.S. government shutdown.

cnn.com

Trump misses Mar-a-Lago party: High-dollar fundraiser to go on without him

With the government shut down, President Donald Trump isn't going to Mar-a-Lago as he planned for his high-dollar fundraiser Saturday night.

domesticNews reuters.com

Power to the Polls: Women's March 2.0 aims to harness Trump opposition

WASHINGTON (Reuters) - Tens of thousands of protesters were expected to take to the streets of New York, Los Angeles and Washington on Saturday for the second Women's March, a multi-city mass rally hailed as the start of a new era of female political activism.

domesticNews reuters.com

Two Americans, two Canadians freed after kidnapping in Nigeria: police

KADUNA, Nigeria (Reuters) - Two Americans and two Canadians have been freed after being kidnapped in the northern Nigerian state of Kaduna, a police spokesman said on Saturday.

domesticNews reuters.com

In Pennsylvania, women who voted for Trump voice support after first year

(Reuters) - The first year of Donald Trump's unorthodox presidency may have been a dizzying ride, but Belinda Miller has never regretted voting for him in 2016.

domesticNews reuters.com

Ex-Manson Family follower denied parole by California Governor

(Reuters) - For the second year in a row California Gov. Jerry Brown overturned the parole recommendation to free Leslie Van Houten, who as a follower of cult leader Charles Manson took part in a notorious murder spree in 1969, media reports said late Friday.

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BRIEF-Blackstone / GSO Senior Floating Rate Term Fund Announces Preliminary Filing For Rights Offering

Jan 19 (Reuters) - Blackstone / GSO Senior Floating Rate Term Fund:

domesticNews reuters.com

Baltimore fires police commissioner who failed to curb murder rate

(Reuters) - Baltimore's mayor, citing a lack of progress in curbing violent crime in a city that had a historic murder rate last year, on Friday fired the city's police commissioner and named a 30-year veteran of the department to lead it.

companyNews reuters.com

UPDATE 1-New Jersey governor calls for audit of state's tax incentive program

NEW YORK, Jan 19 (Reuters) - New Jersey's new governor, Phil Murphy, signed an executive order on Friday calling for an evaluation of the state's corporate tax break programs by the comptroller's office before year-end.

domesticNews reuters.com

U.S. to seek death penalty in kidnapping of Chinese scholar

WASHINGTON (Reuters) - The U.S. Justice Department said on Friday it intends to seek the death penalty for an Illinois man who was charged last year with kidnapping a visiting Chinese scholar.

companyNews reuters.com

BRIEF-South Jersey Industries To Postpone Investor Day Presentation

* SOUTH JERSEY INDUSTRIES: SJI TO POSTPONE INVESTOR DAY PRESENTATION

domesticNews reuters.com

Las Vegas shooter's girlfriend won't face charges: sheriff

(Reuters) - The girlfriend of Las Vegas gunman Stephen Paddock, who fatally shot 58 people in October, is unlikely to face charges but the FBI was investigating another person in the case, the Las Vegas Metropolitan Police Department said on Friday.

Subways nytimes.com

New York Set to Acquire the Next Generation of Subway Cars

The agency that runs the city’s troubled subway plans to spend nearly $4 billion on new trains to modernize an aging fleet, including novel gangway cars.

domesticNews reuters.com

No charges anticipated against Las Vegas shooter's girlfriend: sheriff

(Reuters) - The sheriff of the Las Vegas Metropolitan Police Department said on Friday he does not foresee charges being filed against the girlfriend of Las Vegas gunman Stephen Paddock, who fatally shot 58 people last October.

domesticNews reuters.com

No charges anticipated against girlfriend of Las Vegas shooter: sheriff

(Reuters) - The sheriff of the Las Vegas Metropolitan Police Department said on Friday he does not foresee charges being filed against the girlfriend of Las Vegas gunman Stephen Paddock, who fatally shot 58 people last October.

companyNews reuters.com

BRIEF-South Jersey Industries Issues Medium Term Notes Of $50 Million

* SOUTH JERSEY INDUSTRIES INC - ‍ON JANUARY 16, 2018, CO ISSUED AN AGGREGATE OF $50 MILLION AGGREGATE PRINCIPAL AMOUNT OF MEDIUM TERM NOTES - SEC FILING​

worldNews reuters.com

U.S. funding hold will hurt U.N. effort to help Palestinian refugees: Russia's Lavrov

UNITED NATIONS (Reuters) - Russian Foreign Minister Sergei Lavrov told a U.N. news conference on Friday that the U.S. decision to withhold funds for a U.N. agency that assists Palestinians would seriously undermine efforts to meet the needs of refugees.

companyNews reuters.com

BRIEF-Kawasaki Heavy Industries Appears Likely To Receive Orders To Build Cars For New York City's Subways - Nikkei

* KAWASAKI HEAVY INDUSTRIES APPEARS LIKELY TO RECEIVE ORDERS TO BUILD ABOUT 1,600 CARS FOR NEW YORK CITY'S SUBWAYS - NIKKEI

domesticNews reuters.com

California couple may have used food to control starving children

LOS ANGELES (Reuters) - The California couple accused of beating, shackling and abusing their 13 children may have used starvation as a weapon to control them, experts say, and the malnourishment would likely cause lifelong physical and mental issues for the siblings.

domesticNews reuters.com

Fired FBI director James Comey to teach ethics at Virginia college

(Reuters) - James Comey, the former Federal Bureau of Investigation director who was fired last year by U.S. President Donald Trump, will teach a course on ethical leadership at the College of William & Mary in Virginia, the school said on Friday.

companyNews reuters.com

CANADA STOCKS-TSX rises, led by bank and railroad shares

TORONTO, Jan 19 (Reuters) - Canada's main stock index rose on Friday, led by gains for the heavyweight financials group and industrial shares, while energy stocks were weighed by lower oil prices.

companyNews reuters.com

BRIEF-Schlumberger says to fund 2018 activity growth without raising capex from 2017 levels

* SCHLUMBERGER SAYS RETURN TO GROWTH IN INTERNATIONAL MARKET WILL REPRESENT "SIGNIFICANT BOOST TO OUR EARNINGS POWER" - CONF CALL

politicsNews reuters.com

Factbox: Trump on Twitter (Jan 19) - Government funding bill

The following statements were posted to the verified Twitter accounts of U.S. President Donald Trump, @realDonaldTrump and @POTUS.

domesticNews reuters.com

Trump move on healthcare religious freedom prompts discrimination fears

(Reuters) - The Trump administration's move on Thursday to protect healthcare workers who refuse to perform abortions and other medical procedures on religious or moral grounds is raising fears among some civil rights and medical groups that it will provide legal cover for otherwise unlawful discrimination.

technologyNews reuters.com

India sends tax notices to cryptocurrency investors as trading hits $3.5 billion

NEW DELHI (Reuters) - India has sent tax notices to tens of thousands of people dealing in cryptocurrency after a nationwide survey showed more than $3.5 billion worth of transactions have been conducted over a 17-month period, the income tax department said.

New York City nytimes.com

New York Today: New York Today: The Women’s March Returns

Friday: A local and global rally, your weekend lineup, and a story told in sand.

Homeless Persons nytimes.com

Why New York Hires 200 People to Pretend They’re Homeless

During an annual count of homeless people on the streets of New York, decoys, many of whom were once homeless, help gauge the accuracy of the count.

companyNews reuters.com

Norwegian Air flies New York-London at new record time

** Low-cost airline Norwegian Air has set a new record time for its fastest ever transatlantic flight by a subsonic passenger aircraft this week using the Boeing 787-9 Dreamliner, it says in a press release

businessNews reuters.com

Asia stocks rise on China growth, U.S. govt. funding woes dent dollar

TOKYO (Reuters) - Asia stocks shook off losses on Wall Street and edged up to record highs on Friday following China's announcement of faster-than-expected fourth quarter growth, while worries over a possible U.S. government shutdown weighed on the dollar.

companyNews reuters.com

GLOBAL MARKETS-Asia stocks rise on China growth, US govt funding woes dent dollar

* Evidence of accelerated Chinese econ growth support sentiment

businessNews reuters.com

Asia stocks set record highs, U.S. government funding woes weigh on dollar

TOKYO (Reuters) - Asia stocks edged up to record highs on Friday, although losses on Wall Street slowed the advance, while worries over a possible U.S. government shutdown weighed on the dollar.

businessNews reuters.com

SEC says bitcoin funds raise 'investor protection issues'

(Reuters) - The U.S. securities regulator on Thursday raised alarm about the safety of bitcoin-themed investments, telling the fund industry they want answers to their concerns before endorsing more than a dozen proposed products based on cryptocurrencies.

businessNews reuters.com

Asia stocks set record highs, U.S. govt. funding woes weigh on dollar

TOKYO (Reuters) - Asia stocks edged up to record highs on Friday, although losses on Wall Street slowed the advance, while worries over a possible U.S. government shutdown weighed on the dollar.

companyNews reuters.com

GLOBAL MARKETS-Asia stocks set record highs, US govt funding woes weigh on dollar

* Worries over possible US government shutdown weigh on dollar

domesticNews reuters.com

Starving California children taunted with pie, beaten by parents - prosecutor

RIVERSIDE, Calif. (Reuters) - The 13 children imprisoned for years by their parents in their squalid California home were beaten, shackled, starved and even taunted with food that they were forbidden to eat, a prosecutor said on Thursday.

businessNews reuters.com

Asia stocks near record highs, U.S. funding woes weigh on dollar

TOKYO (Reuters) - Asia stocks edged higher on Friday and were within reach of record highs, although losses on Wall Street slowed the advance, while worries over a possible U.S. government shutdown weighed on the dollar.

companyNews reuters.com

GLOBAL MARKETS-Asia stocks near record highs, US funding woes weigh on dollar

* Dollar dips on worries over possible US government shutdown

politicsNews reuters.com

House approves government funding bill, throws issue to Senate

WASHINGTON (Reuters) - The U.S. House of Representatives on Thursday passed a bill to fund government operations through Feb. 16 and avoid agency shutdowns this weekend when existing money expires.

companyNews reuters.com

UPDATE 1-U.S. fund investors pull most cash from 'junk' in 2 months -Lipper

(Adds details on funds, analyst quote, table, byline) By Trevor Hunnicutt NEW YORK, Jan 18 (Reuters) - U.S. fund investors pulled $3.1 billion from high-yield "junk" bonds during the latest week, Lipper data showed on Thursday, offering new warning signs about risk appetite despite global markets' continuing triumph. The junk bond withdrawals - from both mutual funds and exchange-traded funds (ETFs) during the week ended Wednesday - mark the largest of any week since November, accor

companyNews reuters.com

UPDATE 2-CP Rail weighs strategic deals to boost crude-by-rail

Jan 18 (Reuters) - Canadian Pacific Railway Ltd said on Thursday it is weighing strategic deals to boost crude-by-rail shipments in 2018, after reporting fourth-quarter profit that beat analysts' estimates.

domesticNews reuters.com

Accused Arizona killer linked to seven more fatal shootings

PHOENIX (Reuters) - A convicted Arizona felon arrested on charges of killing his mother and stepfather in their home last month is now believed responsible for at least seven more fatal shootings in the Phoenix area, police said on Thursday.

PersonalFinance reuters.com

U.S. fund investors pull most cash from 'junk' in two months: Lipper

NEW YORK (Reuters) - U.S. fund investors pulled $3.1 billion from high-yield "junk" bonds during the latest week, Lipper data showed on Thursday, offering new warning signs about risk appetite...

domesticNews reuters.com

U.S. to dismiss charges against 129 people in Trump inaugural protests

WASHINGTON (Reuters) - The U.S. Justice Department intends to dismiss criminal charges against 129 defendants in connection with the protests that took place during President Donald Trump's Jan. 20, 2017 inauguration, according to a court filing on Thursday.

companyNews reuters.com

U.S. fund investors pull most cash from 'junk' in 2 months -Lipper

NEW YORK, Jan 18 (Reuters) - U.S. fund investors pulled $3.1 billion from high-yield "junk" bonds during the latest week, Lipper data showed on Thursday, offering new warning signs about risk appetite despite global markets' continuing triumph.

companyNews reuters.com

BRIEF-Canadian Pacific Railway Reports Q4 Earnings Per Share of C$6.77

* CP REPORTS RECORD FOURTH-QUARTER AND RECORD FULL-YEAR RESULTS ON THE STRENGTH OF ITS OPERATING MODEL AND DISCIPLINED APPROACH IN THE MARKETPLACE

domesticNews reuters.com

California parents starved 13 children, taunted them with pie: prosecutor

RIVERSIDE, Calif. (Reuters) - The California parents accused of imprisoning their 13 children in the family's squalid home beat, starved and chained them to their beds for years, taunting them with apple pie, according to a prosecutor on Thursday who called it a case of "human depravity."

domesticNews reuters.com

U.S. marshal killed in Pennsylvania while arresting suspect

HARRISBURG, Pa. (Reuters) - A deputy U.S. marshal helping police to arrest a woman in a Harrisburg home was shot and killed on Thursday by a man who was with her, federal officials said.

cnn.com

Consumer protection chief requests $0 in funding

domesticNews reuters.com

Empty prisons, grounded warplanes: U.S. budget dysfunction hits home

WASHINGTON (Reuters) - Three hours west of Chicago, a federal prison stands ready to take in thousands of inmates and hire hundreds of guards, but its expansion is on hold, awaiting approval from a U.S. Congress that is again paralyzed by budget disputes.

domesticNews reuters.com

Prosecutors accuse parents of torturing California siblings

LOS ANGELES (Reuters) - The California couple accused of keeping their 13 children captive in the family's squalid home were charged on Thursday with torture, child abuse and false imprisonment, as prosecutors said the victims were beaten, starved and chained.

businessNews reuters.com

Brazilian prosecutors ask BNY Mellon unit to return $2.5 billion to local fund

SAO PAULO (Reuters) - Brazilian prosecutors asked on Thursday that the local unit of Bank of New York Mellon Corp return 8.2 billion reais ($2.56 billion) to local pension fund Postalis, according to a statement.

companyNews reuters.com

UPDATE 1-Brazilian prosecutors ask BNY Mellon unit to return $2.5 bln to local fund

SAO PAULO, Jan 18 (Reuters) - Brazilian prosecutors asked on Thursday that the local unit of Bank of New York Mellon Corp return 8.2 billion reais ($2.56 billion) to local pension fund Postalis, according to a statement.

businessNews reuters.com

CIBC eyes FirstCaribbean valuation around $1.4 billion: sources

TORONTO (Reuters) - Canadian Imperial Bank of Commerce is targeting a valuation of 10 times earnings for the potential listing of its FirstCaribbean business in New York, which would give it a market value of around $1.4 billion, five sources familiar with the matter told Reuters over the past week.

companyNews reuters.com

Brazilian prosecutors ask BNY Mellon to return $2.5 bln to local fund

SAO PAULO, Jan 18 (Reuters) - Brazilian prosecutors in Sao Paulo asked on Thursday that the local unit of Bank of New York Mellon Corp return 8.2 billion reais ($2.56 billion) to local pension fund Postalis, according to a statement.

domesticNews reuters.com

Norfolk Southern pushing for 'more stable' rail service in 2018: CEO

LOMBARD, Ill. (Reuters) - Norfolk Southern Corp is working toward a "more stable, resilient" network for 2018 following service issues in recent months, the No. 4 U.S. railroad's top executive said on Thursday.

PersonalFinance reuters.com

Ex-Bank of America executive Malik to launch fund advisory firm

NEW YORK (Reuters) - Omeed Malik, a former Bank of America Merrill Lynch executive, is preparing to launch an advisory firm for hedge funds and other so-called alternative investment managers,...

businessNews reuters.com

Exclusive: Blackstone's Hill hands hedge fund reins to McCormick

BOSTON (Reuters) - After nearly two decades of growing Blackstone Group into the world's biggest hedge fund investor with some $74 billion in assets, J. Tomilson Hill is passing the baton.

domesticNews reuters.com

U.S. marshal killed in Pennsylvania while serving warrant to suspect

HARRISBURG, P.A. (Reuters) - A U.S. deputy marshal was shot and killed in Pennsylvania's capital city and at least two other officers were wounded while attempting to serve an arrest warrant to a suspect who was also hit by return gunfire, authorities said on Thursday.

domesticNews reuters.com

Parents of captive California siblings to appear in court

LOS ANGELES (Reuters) - The California couple accused of keeping their 13 children captive and malnourished in the family's squalid suburban home will appear in court on Thursday to face charges of torture and child endangerment charges.

domesticNews reuters.com

Texas 'tourniquet killer' set to be first U.S. inmate executed in 2018

AUSTIN, Texas (Reuters) - In the first U.S. execution of 2018, Texas was set on Thursday to put to death a man convicted of raping and murdering five girls and young women, using a tourniquet to torture and strangle his victims.

politicsNews reuters.com

Trump muddles talks on government funding ahead of House vote on shutdown

WASHINGTON (Reuters) - President Donald Trump complicated Republican efforts on Thursday to reach agreement on a temporary extension of government funding to avert a shutdown, blasting a plan to entice Democrats by funding a children's health insurance program.

environmentNews reuters.com

Deutsche Bahn halts rail service across Germany due to storm

BERLIN (Reuters) - German railway operator Deutsche Bahn [DBN.UL] on Thursday said it had suspended all long-distance rail service across Germany due to a powerful storm blowing across Germany and the Netherlands.

domesticNews reuters.com

California abuse case sparks calls for home-schooling oversight

(Reuters) - Lawmakers and advocacy groups are calling for more oversight of home-schooling after a California couple using this method of education was charged with torturing their 13 children.

cnn.com

Cities ranging from New York and LA to Columbus, Ohio are in the running to land the $5 billion campus

businessNews reuters.com

Emirates hands Airbus A380 superjumbo a lifeline with $16 billion order

NANTES, France (Reuters) - Emirates announced a deal for up to 36 Airbus A380 aircraft on Thursday worth as much as $16 billion at list prices, saving the world's biggest passenger jet from death row and securing its future for at least another decade.

California Today nytimes.com

California Today: California Today: Can a New Leader Deliver High-Speed Rail?

Thursday: A change at the top of the High-Speed Rail Authority, Apple’s huge tax payment, lucky escapes in Montecito, Silicon Valley’s foreign workers and finally tech bus attacks.

PersonalFinance reuters.com

Oil specialist Westbeck to launch electric vehicle hedge fund

LONDON (Reuters) - Oil-focused hedge fund firm Westbeck Capital will enter new territory next month with an equities fund designed to tap into growing excitement over electric vehicles, according to...

businessNews reuters.com

Emirates hands Airbus A380 superjumbo lifeline with $16 billion order

NANTES, France (Reuters) - Emirates announced a deal for up to 36 Airbus A380 aircraft on Thursday worth as much as $16 billion at list prices, saving the world's biggest passenger jet from death row and securing its future for at least another decade.

topNews reuters.com

Congress to vote Thursday for funding bill to avoid government shutdown

WASHINGTON (Reuters) - Republican leaders in the U.S. Congress stepped up their efforts to pass a temporary extension in funding government operations and avert a shutdown, scheduling a vote on the measure for later Thursday.

businessNews reuters.com

Emirates hands A380 superjumbo lifeline with $16 billion order

NANTES, France (Reuters) - Emirates announced a deal for up to 36 Airbus A380 aircraft on Thursday worth as much as $16 billion at list prices, saving the world's biggest passenger jet from death row and securing its future for at least another decade.

domesticNews reuters.com

Parents of captive siblings to make court appearance in California

PERRIS, Calif. (Reuters) - A Southern California couple accused of keeping their 13 children captive and malnourished in the family's squalid suburban home were scheduled to make a first court appearance on Thursday.

New York City nytimes.com

New York Today: New York Today: Street Philosophy

Thursday: Philosophers talk to the public, the New York Jewish Film Festival and milder weather.

technologyNews reuters.com

China's JD.com says will invest over $3 billion in "rustbelt" regions: Xinhua

SHANGHAI (Reuters) - Chinese online retailer JD.com will invest more than 20 billion yuan ($3.11 billion) in the country's northeastern "rustbelt" regions over the next three years, the Xinhua news agency reported on Thursday, citing the company.

lifestyleMolt reuters.com

Dance bars, mobile phones and Chelsea jerseys: changing face of Bhutan

THIMPHU (Reuters) - For decades Bhutan had no television, no traffic lights and a culture that had barely changed in centuries.

Fashion and Apparel nytimes.com

On the Runway: Alexander Wang Is Leaving New York Fashion Week

He is the latest in a string of high-profile New York designers to depart the official schedule. Here’s why you should care.

technologyNews reuters.com

Toshiba sees $3.7 billion balance sheet improvement from Westinghouse deal

TOKYO (Reuters) - Toshiba Corp said on Thursday it would sell its claims in bankrupt nuclear unit Westinghouse Electric Co to a group led by the Baupost Group - a move that would contribute to an improvement of about 410 billion yen ($3.68 billion) in its balance sheet.

politicsNews reuters.com

Trump chief of staff thinks Congress will keep government funded: Fox News

WASHINGTON (Reuters) - White House Chief of Staff John Kelly said on Wednesday he believed Congress would pass a stopgap bill to keep the U.S. government funded ahead of a Friday deadline.

Refugees and Displaced Persons nytimes.com

U.S. Funding Cut Reignites Debate on Palestinian Refugee Agency

The decision to withhold $65 million in aid from a U.N. agency that helps Palestinian refugees has brought new attention to the organization, which functions as a quasi-government in some areas.

companyNews reuters.com

Major U.S. railroads warn Trump against derailing NAFTA

LOMBARD, Ill., Jan 17 (Reuters) - Major U.S. railroads on Wednesday warned President Donald Trump of the potential financial and political consequences of scrapping the North American Free Trade Agreement and urged U.S., Mexican, and Canadian officials to find ways to modernize the accord.

domesticNews reuters.com

Accused NY attacker's lawyers propose deal to avoid death penalty

(Reuters) - Lawyers for the Uzbek man accused of killing eight people by speeding a truck down a New York City bike path in October proposed a plea deal on Wednesday in which their client would accept life in prison without parole if prosecutors did not seek the death penalty.

businessNews reuters.com

Apple plans new U.S. campus, to pay $38 billion in foreign cash taxes

(Reuters) - Apple Inc will open a new campus as part of a 5-year, $30 billion U.S. investment plan and will make about $38 billion in one-time tax payments on its overseas cash, one of the largest corporate spending plans announced since the passage of a tax cut signed by U.S. President Donald Trump.

domesticNews reuters.com

Police comb through filthy California home where starving siblings found

(Reuters) - Investigators on Wednesday conducted an exhaustive search of the foul-smelling, filthy tract home east of Los Angeles where a California couple are accused of keeping captive and nearly starving 13 minor and adult children, police said.

domesticNews reuters.com

Elderly American-Iranian jailed in Iran hospitalised with heart problems: lawyer

BEIRUT (Reuters) - An 81-year old American-Iranian imprisoned in Iran, Baquer Namazi, was hospitalised earlier this week due to a drop in blood pressure and an irregular heartbeat, his lawyer said on Wednesday.

politicsNews reuters.com

White House backs short-term government funding bill

WASHINGTON (Reuters) - The White House threw its support on Wednesday behind a Republican proposal to pass a stopgap bill that would fund the U.S. government through Feb. 16 and avert a shutdown, dealing a blow to Democrats who want such a measure to include immigration protections.

entertainmentNews reuters.com

'Jersey Shore' star Sorrentino to plead guilty in tax case

(Reuters) - Former reality TV celebrity Michael "The Situation" Sorrentino is expected to plead guilty in a tax evasion case where U.S. prosecutors accused him and his brother of hiding millions of dollars he made while starring in the MTV series "Jersey Shore."

businessNews reuters.com

Apple plans second U.S. campus, to pay $38 billion in foreign cash taxes

(Reuters) - Apple Inc will open a second U.S. campus as part of a 5-year, $30 billion U.S. investment plan and will make about $38 billion in one-time tax payments on its overseas cash, one of the largest corporate spending plans announced since the passage of a tax cut signed by U.S. President Donald Trump.

technologyNews reuters.com

Tom Siebel's billion-dollar software firm raises $100 million

SAN FRANCISCO (Reuters) - C3 IoT, a software company founded and run by longtime Silicon Valley executive Thomas Siebel that helps companies collect and analyze data, has raised another $100 million in a new funding backed by TPG Growth, the company said on Wednesday.

Federal Taxes (US) nytimes.com

Apple, Capitalizing on New Tax Law, Plans to Bring Billions in Cash Back to U.S.

Less than four weeks after President Trump signed a new tax bill, Apple plans to repatriate the vast majority of its $252 billion in cash held abroad.

politicsNews reuters.com

White House says it supports short-term government funding bill

WASHINGTON (Reuters) - The White House said on Wednesday it supports a short-term bill to fund the government and prevent a shutdown, even though its first preference would have been for a long-term deal.

businessNews reuters.com

Apple to pay $38 billion in U.S. taxes on foreign cash, open new campus

(Reuters) - Apple Inc on Wednesday said it will make about $38 billion in tax payments on its overseas cash and plans to open a second U.S. campus as part of a 5-year, $30 billion U.S. investment plan.

politicsNews reuters.com

Republican Senator Graham says 'no' to stopgap funding bill: Politico

WASHINGTON (Reuters) - U.S. Republican Senator Lindsey Graham said on Wednesday he would not vote for a Republican "continuing resolution" stopgap bill to fund the government temporarily and avert a partial shutdown this week, a Politico reporter said on Twitter.

domesticNews reuters.com

U.S. justices sympathize with death row inmate's claim against lawyer

WASHINGTON (Reuters) - U.S. Supreme Court justices on Wednesday signaled sympathy toward a Louisiana death row inmate convicted of a 2008 triple murder who is seeking a new trial because his lawyer told jurors over the defendant's objections that the man had carried out the shootings.

domesticNews reuters.com

U.S. judge may extend freeze on Indonesian immigrants' deportation

BOSTON (Reuters) - A federal judge on Wednesday signaled she may extend an order preventing the deportation of roughly 50 Indonesian Christians living illegally in New Hampshire, a process that immigration officials began after U.S. President Donald Trump took office.

healthNews reuters.com

Chart-topping fitness app 'Sweatcoin' secures funding

FRANKFURT (Reuters) - Sweatcoin, a free smartphone app that pays people to be physically active, said on Wednesday it has secured its first round of institutional funding after topping download charts in Britain and the United States.

domesticNews reuters.com

Elderly American-Iranian jailed in Iran hospitalized with heart problems: lawyer

BEIRUT (Reuters) - An 81-year old American-Iranian imprisoned in Iran, Baquer Namazi, was hospitalized earlier this week due to a drop in blood pressure and an irregular heartbeat, his lawyer said on Wednesday.

PersonalFinance reuters.com

Sovereign investor 2017 deal values down 24 percent at $72 billion

LONDON (Reuters) - Sovereign investor deal-making fell 24 percent in 2017 to $72.5 billion as megadeals such as China Investment Corp's (CIC) bumper $13.8 billion buy of warehouse firm Logicor, which...

cnn.com

Here's what could derail our great economy

domesticNews reuters.com

Republican lobbyist tied to controversial causes attacked in Virginia

WASHINGTON (Reuters) - A Republican lobbyist best known for fueling a conspiracy theory about the death of a Democratic National Committee staffer was attacked with pepper spray outside his home in a Washington suburb, police and his publicist said on Wednesday.

businessNews reuters.com

In replacing Dudley, New York Fed aims to avoid political pitfalls

NEW YORK (Reuters) - Unions and groups advocating for retirees, teachers, housing, and workers' benefits are among those visiting the ornate conference rooms of the Federal Reserve Bank of New York to lobby for a less conventional candidate to serve as its next president.

Theater nytimes.com

New York Has Its ‘Jerry Springer’ Moment, With Arias and Dancing

With a reality TV star in the White House and ’90s nostalgia in full flower, the controversial 2003 musical about the famed talk show host arrives.

politicsNews reuters.com

Republicans eye another short-term bill to fund government

WASHINGTON (Reuters) - The White House dispatched chief of staff John Kelly to meet with Hispanic members of Congress on Wednesday to ease tensions over an immigration issue threatening to derail efforts on a funding bill to avert a partial government shutdown.

companyNews reuters.com

India will need at least $125 bln to fund renewables dream: govt official

NEW DELHI, Jan 17 (Reuters) - India will need at least $125 billion to fund its ambitious plan to increase the share of renewable power supply in the country’s grid by 2022, a top government official told Reuters, underlining the immense financing challenge ahead.

domesticNews reuters.com

Fight over Indonesian immigrants back in U.S. court

BOSTON (Reuters) - Lawyers for 51 Indonesians living illegally in New Hampshire are due in court on Wednesday to urge a federal judge to grant an injunction blocking U.S. immigration officials from moving forward with efforts to deport them.

domesticNews reuters.com

Strike averted at New York's main fruit and vegetable market

NEW YORK (Reuters) - A work stoppage at a market that supplies much of New York City's fresh fruit and vegetables was averted early on Wednesday when negotiators tentatively reached a pay deal as the previous contract expired, the labor union said.

businessNews reuters.com

Bank of America net profit slumps on $2.9 billion tax charge, adjusted income beats

(Reuters) - Bank of America Corp's net profit nearly halved compared with a year earlier as it booked a $2.9 billion charge stemming from the new federal tax law although it beat analysts' estimates when adjusted for the charge.

businessNews reuters.com

BofA net profit slumps on $2.9 billion tax charge, adjusted income beats

(Reuters) - Bank of America Corp's net profit nearly halved compared with a year earlier as it booked a $2.9 billion charge stemming from the new federal tax law although it beat analysts' estimates when adjusted for the charge.

worldNews reuters.com

Schools, health could be hit by U.S. cut for Palestinian refugee funds: UNRWA chief

JERUSALEM/GAZA (Reuters) - A cut in U.S. funding for a U.N. agency that helps Palestinian refugees will affect regional security and could put vital health, educational and food services at risk, its chief said on Wednesday, adding he would appeal for world donations.

Pennsylvania Station (Manhattan, NY) nytimes.com

Op-Ed Contributor: A Way Forward for New York-New Jersey Commuters

Projects to fix vital rail lines shouldn’t be held hostage by the Trump administration.

businessNews reuters.com

Bank of America profit slumps on $2.9 billion tax charge

(Reuters) - Bank of America Corp's fourth-quarter profit nearly halved as it booked a $2.9 billion charge stemming from the new federal tax law.

businessNews reuters.com

Exclusive: J&J attracts Chinese interest for diabetes business in potential $3-4 billion deal - sources

HONG KONG (Reuters) - Chinese bidders are circling a diabetes care business owned by the world's largest healthcare company Johnson & Johnson in a deal that could fetch up to $4 billion, five people with direct knowledge told Reuters.

New York City nytimes.com

New York Today: New York Today: Messy Weather and Flu Facts

Wednesday: Expert insight on the virus, a dicey commute, and looking ahead to the Women’s March.

worldNews reuters.com

UNRWA chief appeals for Palestinian refugee funds after US cut

JERUSALEM/GAZA (Reuters) - The head of the U.N. agency that provides aid to Palestinian refugees appealed on Wednesday for world donations after the United States withheld about half its planned funding for the organization, a move he said risks instability in the region.

worldNews reuters.com

UNRWA chief appeals for Palestinian refugee funds after U.S. cut

JERUSALEM/GAZA (Reuters) - The head of the U.N. agency that provides aid to Palestinian refugees appealed on Wednesday for world donations after the United States withheld about half its planned funding for the organization, a move he said risks instability in the region.

domesticNews reuters.com

Majority of U.S. National Park Service board resigns, saying it was ignored

ANCHORAGE, Alaska (Reuters) - Most members of a U.S. National Park Service advisory board, appointed while Barack Obama was president, have resigned after saying they were ignored by President Donald Trump's administration, the panel chairman said on Tuesday.

domesticNews reuters.com

Nine charged over fraternity pledge's death at Florida State University

(Reuters) - Nine men were charged on Tuesday over the hazing death of a 20-year-old fraternity pledge, who died of alcohol poisoning at Florida State University late last year, police said.

companyNews reuters.com

BRIEF-‍Wattpad raises $51 mln in new funding

* ‍WATTPAD ANNOUNCES USD $51 MILLION (CAD $61.25 MILLION) IN NEW FUNDING​

cnn.com

House GOPers prepare to go it alone on government funding stopgap measure

The House Freedom Caucus isn't making it easy for Republican leaders to keep the government funded.

Cuomo, Andrew M nytimes.com

Cuomo’s Congestion Pricing for New York City Begins to Take Shape

The governor ruled out new bridge tolls in favor of creating a geographic zone where drivers would be charged fees depending on their vehicle and the time of day.

politicsNews reuters.com

House Republicans mull funding extension; 'Dreamer' deal not set

WASHINGTON (Reuters) - House Republicans considered on Tuesday a stopgap bill to fund the U.S. government through Feb. 16 to avert a shutdown, but the measure would not include Democrats' demands for protections for young people brought to the United States illegally as children.

domesticNews reuters.com

Police still baffled by discovery of 13 starved, abused siblings

PERRIS, Calif. (Reuters) - Police said on Tuesday they were still seeking answers after finding 13 siblings starving in their parents' squalid Southern California home, some of them chained to beds under "horrific" conditions in an otherwise ordinary suburb.

domesticNews reuters.com

Ex-U.S. Navy officers face negligent homicide charges over ship collisions

WASHINGTON (Reuters) - The commanding officers of two U.S. Navy destroyers involved in deadly collisions last year in the Pacific Ocean face courts-martial and military criminal charges including negligent homicide, the U.S. Navy said in a statement on Tuesday.

Subways nytimes.com

About New York: On the Subway, Help Is Not Coming

A distraught man on an A train platform gets no emergency response from transit employees, leaving him, and us, to fate.

domesticNews reuters.com

'Chelsea bomber' tried to radicalize fellow inmates, U.S. prosecutors say

NEW YORK (Reuters) - The New Jersey man found guilty last year of planting two homemade bombs in Manhattan's Chelsea neighborhood, one of which wounded 30 people, has tried to radicalize fellow inmates with Islamic State and al Qaeda propaganda, U.S. prosecutors said on Tuesday.

domesticNews reuters.com

U.S. Navy officers face possible homicide charges over ship collisions

WASHINGTON (Reuters) - The commanding officers of two U.S. Navy destroyers involved in deadly collisions last year in the Pacific Ocean face courts-martial and could be charged with negligent homicide, the U.S. Navy said in a statement on Tuesday.

cnn.com

US cuts funding for Palestinians

The US has announced that it will hold back more than half of the funding it provides for a UN agency that supports Palestinians, about two weeks after President Donald Trump threatened to pull funding for the group.

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.

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.

Budgets and Budgeting nytimes.com

Cuomo Says Budget Will Defend New York Against Trump’s ‘Economic Missile’

Gov. Andrew Cuomo on Tuesday unveiled a $168 billion spending plan that called for a raft of ideas to counter President Trump’s tax changes.

worldNews reuters.com

Canada judge tells jury in deadly oil derailment trial to press on

MONTREAL (Reuters) - A Canadian judge on Tuesday told jurors to continue deliberations, despite their difficulty in reaching a verdict in the joint trial of three former rail employees in the 2013 Lac Megantic train derailment that killed 47 in Quebec, local media said.

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.

Politics and Government nytimes.com

Governor Murphy Pledges a Progressive Course for New Jersey

Claiming that the state can once again lead the nation in progressive policies, Philip Dunton Murphy was sworn in as the 56th governor of New Jersey.

worldNews reuters.com

Canadian jury at impasse in Lac Megantic derailment trial: media

MONTREAL (Reuters) - A Canadian jury on Tuesday said it was at an impasse in the trial of three former rail employees in the 2013 Lac Megantic train derailment that killed 47 in Quebec and has asked the judge for guidance in the matter, local media reported.

domesticNews reuters.com

Wage dispute at NY City's main produce market could lead to strike

NEW YORK (Reuters) - The market that supplies New York City with most of its fresh fruits and vegetables faces the prospect of its first work stoppage since 1986 if last-ditch bargaining on Tuesday fails to bridge pay differences in a contract covering 1,100 warehouse workers.

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.

companyNews reuters.com

BRIEF-Freddie Mac Financed $73.2 Billion In Loan Purchase & Guarantee Volume For 2017​

* FREDDIE MAC - ‍ FINANCED $73.2 BILLION IN LOAN PURCHASE & GUARANTEE VOLUME FOR 2017​ Source text for Eikon: Further company coverage:

companyNews reuters.com

U.S. holiday shoppers spend record $108 billion online - Adobe

Jan 16 (Reuters) - U.S. shoppers spent a record $108 billion snapping up discounts on Amazon and other websites during the 2017 holiday season, with more people using smartphones and tablets, Adobe Analytics said on Tuesday.

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.

domesticNews reuters.com

Former Fiat Chrysler exec expected to plead guilty in payments probe: sources

DETROIT (Reuters) - Former Fiat Chrysler Automobiles NV vice president Alphons Iacobelli is expected to plead guilty in connection with a U.S. Justice Department investigation into allegations he made at least $1.2 million in improper payments to a former union vice president and his wife, two people briefed on the matter said on Tuesday.

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.

politicsNews reuters.com

U.S. top court rejects former New York lawmaker Silver's appeal

(Reuters) - The U.S. Supreme Court on Tuesday rejected former New York state Assembly Speaker Sheldon Silver's bid to avoid a retrial on corruption charges after his 2015 conviction was thrown out by a lower court.

domesticNews reuters.com

Tortured, starved California children rarely seen outside home: neighbors

PERRIS, Calif. (Reuters) - The 13 California siblings who police said were starved and chained to beds by their parents rarely left their disheveled house and, when they did, appeared small and pale and acted strangely, neighbors said.

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

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.

PersonalFinance reuters.com

Round Hill, investor in Beatles and Bruno Mars songs, raises new fund

(Reuters) - Round Hill Music Royalty Partners, a private equity firm which invests in the copyright of songs from artists such as The Beatles, The Rolling Stones and Bruno Mars, said on Tuesday it...

domesticNews reuters.com

Four South Carolina police wounded exchanging gunfire with suspect

(Reuters) - A police officer and three sheriff's deputies were shot and wounded as they tried to apprehend a man accused of domestic violence early Tuesday morning in South Carolina's York County, the sheriff's office said.

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.