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Senate adopts Republican tax bill, second House vote next

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WASHINGTON (Reuters) - The Republican-led U.S. Senate approved a sweeping, $1.5 trillion tax bill in the small hours of Wednesday morning, moving their party and President Donald Trump a step closer to the largest overhaul of the U.S. tax code in more than 30 years. [Source]

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SoFi in talks with top Twitter exec about CEO position: WSJ

(Reuters) - Social Finance Inc (SoFi) is in discussions with Anthony Noto, a top Twitter Inc executive, to become the online lender's chief executive, the Wall Street Journal reported on Saturday, citing sources.

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ADM pursues big ag merger with grain trader Bunge: source

CHICAGO/CALGARY, Alberta (Reuters) - Top U.S. grain merchant Archer Daniels Midland Co has proposed a takeover of Bunge Ltd , according to a person familiar with the approach, which could set up a bidding war with Swiss-based rival Glencore Plc .

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Deutsche Telekom expects steady dividend hikes: paper

FRANKFURT (Reuters) - Deutsche Telekom will keep to its promise of hiking dividends in 2018 and the years thereafter, its Chief Financial Officer Thomas Dannenfeldt told German daily Boersen-Zeitung.

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China's Dalian Wanda Group says 2017 revenue down 10.8 percent

HONG KONG (Reuters) - Chinese conglomerate Dalian Wanda Group said on Saturday its revenue dropped for a second consecutive year, by 10.8 percent in 2017, as the group sold off property assets and faced increasing scrutiny from regulators and lenders.

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Senate Leaders Speak After Government Shuts Down

Shortly after midnight, Senators Mitch McConnell and Chuck Schumer made statements blaming the opposing party for failing to reach an agreement to fund the government.

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U.S. government shutdown begins as spending bill fails in Senate

WASHINGTON (Reuters) - The U.S. government shut down at midnight on Friday after Democrats and Republicans failed to reach a last-minute deal to fund its operations, divided in a bitter dispute over immigration and border security.

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Government shutdown looms as Senate short of votes for spending bill

WASHINGTON (Reuters) - The U.S. Senate was short of the votes needed to approve a bill to keep the federal government running as a midnight deadline loomed on Friday night, although high-level negotiations continued.

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U.S. government shutdown looms as Senate short of votes for spending bill

WASHINGTON (Reuters) - The U.S. Senate was short of the votes needed to approve a bill to keep the federal government running as a midnight deadline loomed on Friday night, but high-level negotiations continued.

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Possible Buffett heir Abel has small Berkshire stake, likely to grow

(Reuters) - Greg Abel, considered by many investors the top contender to succeed Warren Buffett as Berkshire Hathaway Inc's chief executive officer, on Friday reported owning about $2.1 million of the conglomerate's stock.

Federal Budget (US) nytimes.com

How Washington Reached the Brink of a Shutdown

Here’s a look back at the events that lead to the brink of a government shutdown over DACA.

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ADM pursues big ag merger with grain trader Bunge: WSJ

CHICAGO/CALGARY, Alberta (Reuters) - Top U.S. grains merchant Archer Daniels Midland Co has proposed a takeover of Bunge Ltd , the Wall Street Journal reported on Friday, a move that could set up a battle for Bunge with London-based rival Glencore Plc .

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Senate, Supreme Court, Menendez: Your Friday Evening Briefing

Here’s what you need to know at the end of the day.

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Venezuela's woes poised to hit U.S. oilfield service firms' earnings

HOUSTON (Reuters) - U.S. oilfield service companies exposed to Venezuela face new hits to earnings from the South American nation's ongoing economic turmoil and U.S. sanctions on the country and state-run oil company PDVSA.

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McDonald's 'joint employment' trial delayed amid settlement talks

(Reuters) - McDonald's Corp and a U.S. labor board are in talks to settle a case claiming the fast food company is liable for purported labor law violations by its franchisees, leading a judge on Friday to pause a trial that began in 2015.

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ADM has made takeover approach to Bunge: WSJ

(Reuters) - Agricultural processing and trading company Archer Daniels Midland Co has proposed a takeover of Bunge Ltd , the Wall Street Journal reported on Friday, a move that could set up a battle for Bunge with London-based rival Glencore Plc in an industry moving toward consolidation.

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FTC makes second request on Broadcom's bid for Qualcomm

(Reuters) - The U.S. Federal Trade Commission has made a second request for information on chipmaker Broadcom Ltd's $103 billion hostile bid for Qualcomm Inc , Broadcom said in a statement on Friday, a move that could indicate heightened antitrust scrutiny.

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Parent company of 7-Eleven agrees to divest some U.S. stores in Sunoco deal

WASHINGTON (Reuters) - Seven & i Holdings Co Ltd , the Tokyo-based parent company of the 7-Eleven network of stores, agreed to sell and divest some fuel outlets in its proposed $3.3 billion acquisition of 1,100 Sunoco LP outlets, the U.S. Federal Trade Commission said Friday.

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Judge overseeing AT&T, Time Warner merger trial hears document dispute

WASHINGTON (Reuters) - AT&T , owner of DirecTV, is asking for documents from a long list of companies as part of preparation for a trial to determine if they will be allowed to buy movie and TV show maker Time Warner , their lawyer Daniel Petrocelli said in a pre-trial hearing on Friday.

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Archer Daniels has made takeover approach to Bunge: WSJ

(Reuters) - Agricultural trader Archer Daniels Midland Co made a takeover approach to rival Bunge Ltd , the Wall Street Journal reported on Friday, citing people familiar with the matter. http://on.wsj.com/2mSY8L0

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Trump signs bill renewing NSA's internet surveillance program

WASHINGTON (Reuters) - U.S. President Donald Trump on Friday said he had signed into law a bill renewing the National Security Agency's warrantless internet surveillance program.

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GE shares stumble to worst week since financial crisis

NEW YORK (Reuters) - General Electric shares tumbled for a fifth straight session on Friday, sending the stock to its biggest weekly percentage drop since the financial crisis, after the company flagged a possible breakup and more than $11 billion in charges earlier in the week.

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Wall Street ends higher despite government shutdown threat

NEW YORK (Reuters) - Wall Street rose on Friday, led by gains in consumer stocks, even as a possible government shutdown loomed.

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Fed's Quarles details steps to ease rules from Volcker to stress tests

WASHINGTON (Reuters) - A top bank regulator at the U.S. Federal Reserve is planning several imminent changes that Wall Street has wanted involving capital rules, proprietary trading and a process known as "living wills" that aims to prevent taxpayer bailouts.

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Delaware sues opioid manufacturers, distributors over epidemic

(Reuters) - Delaware on Friday became the latest state to file a lawsuit accusing corporations of helping fuel the national opioid epidemic, suing a wide range of companies involved in making, distributing and selling prescription painkillers.

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S&P, Nasdaq hit records, Dow muted as government shutdown looms

NEW YORK (Reuters) - The S&P 500 and the Nasdaq rose on Friday, led by gains in consumer stocks and hitting intraday highs, even as a possible government shutdown loomed.

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FTC set to make second request on Broadcom's bid for Qualcomm: sources

(Reuters) - The U.S. Federal Trade Commission is set to make a second request for information on chipmaker Broadcom Ltd's $103 billion hostile bid for Qualcomm Inc , people familiar with the matter said on Friday, indicating heightened antitrust scrutiny.

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Fed's Quarles says regulators have begun work to 'streamline' Volcker Rule

WASHINGTON (Reuters) - U.S. financial regulators have begun work on a proposal to "streamline" the Volcker Rule banning banks from making risky bets with their own money, the country's top banking regulator said on Friday, in a development that will be cheered by banks that have long complained the rule is too onerous.

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Nike at two-year high as analysts tout margin benefits of direct sales

(Reuters) - Nike Inc's shares surged to a two-year high on Friday after two Wall Street brokerages said the footwear maker's profitability would soon reap the benefits of its recent move to sell directly to consumers.

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As clock ticks, Senate scrambles to avert government shutdown

WASHINGTON (Reuters) - The U.S. Senate raced to avert a government shutdown on Friday ahead of a midnight deadline with no agreement on funding in sight and both parties squabbling over who is to blame for the impasse.

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House Democrat Pelosi hopeful Schumer finds Trump-backed immigration bill

WASHINGTON (Reuters) - Nancy Pelosi, the Democratic leader in the U.S. House of Representatives, said on Friday she hopes that Senate Democratic leader Chuck Schumer will be able to determine what kind of immigration bill President Donald Trump will support.

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U.S. regulators have begun work to 'streamline' Volcker Rule: Fed official

WASHINGTON (Reuters) - U.S. financial regulators have begun work to "streamline" the Volcker Rule banning banks from making risky bets with their own money, the country's top banking regulator said on Friday.

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General Electric shares drop for fifth straight session

NEW YORK (Reuters) - General Electric shares tumbled for a fifth straight session on Friday, flirting with their biggest weekly percentage drop since the financial crisis, after the company flagged a possible breakup and more than $11 billion in charges earlier in the week.

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S&P lifted by consumer stocks, IBM weighs on Dow

(Reuters) - The S&P 500 and the Nasdaq edged higher on Friday following positive brokerage recommendations on a bunch of consumer names, but the Dow was reined in by losses in IBM.

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Possible U.S. shutdown won't affect U.S.'s AAA-rating: Fitch

NEW YORK (Reuters) - Fitch Ratings said on Friday its top AAA debt rating for the United States would not be directly impacted by a possible federal shutdown, which will begin on Saturday if lawmakers fail to clinch a deal to fund the government.

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Clock running out as Senate tries to avert government shutdown

WASHINGTON (Reuters) - The U.S. Senate raced to avert a government shutdown on Friday ahead of a midnight deadline with no agreement on funding in sight and both parties squabbling over who is to blame for the impasse.

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Thousands in Washington await Trump address to anti-abortion rally

WASHINGTON (Reuters) - Donald Trump will become the third sitting U.S. president to address anti-abortion activists at the annual March for Life on Friday, highlighting his shift in recent years from a supporter of women's access to abortion to a powerful opponent.

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Gains in consumer stocks prop up S&P, Nasdaq

(Reuters) - The S&P 500 and the Nasdaq were prodded higher by gains in consumer stocks, while investors played down fears of a looming U.S. government shutdown.

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Lowe's nominates directors after 'constructive' talks with D.E. Shaw

(Reuters) - Home improvement chain Lowe's Cos Inc said it has nominated two independent board members and plans to add a third following "constructive" talks with hedge fund D.E. Shaw Group, which has taken an activist stake, sending shares up 3 percent on Friday.

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Amazon, Nike drive Wall Street higher

(Reuters) - Wall Street's main indexes rose on Friday, powered by gains in Amazon and Nike, while investors shrugged off fears of a looming U.S. government shutdown.

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Exclusive: Trump's coal job push stumbles in most states - data

WASHINGTON (Reuters) - President Donald Trump's effort to put coal miners back to work stumbled in most coal producing states last year, even as overall employment in the downtrodden sector grew modestly, according to preliminary government data obtained by Reuters.

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Wall Street opens higher as investors shrug off shutdown fears

(Reuters) - U.S. stocks opened higher on Friday, putting the major indexes on track for three straight weeks of gains as hopes of a strong earnings season overshadowed fears of a potential U.S. government shutdown.

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Live Briefing: Senate Democrats Appear Set to Block Bill to Avert Government Shutdown

The government will shut down at midnight Eastern Time if lawmakers fail to get an agreement on a spending bill.

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Road to ruin? Carillion collapse puts spotlight on UK outsourcing model

LONDON/BALMEDIE, Scotland (Reuters) - In Balmedie, a village on the northeast coast of Scotland, an unfinished 12 km stretch of dual carriageway is a stark illustration of why British construction company Carillion went bust this week.

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NAFTA talks seen ending happily, despite growls from Trump

BENGALURU/SAO PAULO (Reuters) - The North American Free Trade Agreement will probably be renegotiated successfully with only marginal changes, said a large majority of economists in a Reuters poll, despite the Trump administration's saber-rattling.

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Delta Air to tighten onboard emotional support animal requirements

NEW YORK (Reuters) - Delta Air Lines is tightening the requirements for passengers traveling with onboard service and emotional support animals, the carrier said on Friday, following a sharp uptick in animal-related safety issues over the last several years.

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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.

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Futures climb as investors shrug off government shutdown fears

(Reuters) - U.S. stock futures pointed to a record open for the benchmark S&P 500 index on Friday as investors bet on strong corporate earnings, while playing down fears of a potential U.S. government shutdown.

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Lowe's names two directors after talks with activist investor

(Reuters) - Lowe's Cos Inc said on Friday it added two board members, a week after reports that hedge fund D.E. Shaw & Co had built an active stake in the home improvement chain, sending its shares up 2 percent.

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U.S. shutdown fears hurt dollar, Treasury yields at highest since 2014

LONDON (Reuters) - The dollar wallowed near three-year lows on Friday as heightened fears of a U.S. government shutdown unnerved investors, while U.S. Treasury yields continued an upward march to hit their highest levels since September 2014.

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Exclusive: Most U.S. states lost coal mining jobs in 2017 – data

WASHINGTON (Reuters) - Nearly two-thirds of U.S. coal producing states lost coal mining jobs in 2017, even as overall employment in the downtrodden sector grew modestly, according to preliminary government data obtained by Reuters.

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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.

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Showdown Vote in Senate on Friday With Government Shutdown at Stake

Senate Democrats appear ready to block legislation to keep the government funded past midnight, gambling that President Trump will offer concessions in the face of a crisis.

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Japan, U.S. to discuss trade 'framework', U.S. envoy says: NHK

TOKYO (Reuters) - Japan and the United States next week will start to discuss a framework of negotiations with the aim of concluding a trade pact and fixing bilateral trade imbalances, Japanese public broadcaster NHK quoted the U.S. ambassador to Japan as saying.

United States Politics and Government nytimes.com

On Washington: Inside the Oval Office Immigration Meeting That Left a Senator Stunned

In an interview, Senator Richard J. Durbin says President Trump’s private immigration comments shed new light on his policy motivations.

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Dollar hurt by U.S. shutdown fears, Treasury yields at highest since 2014

LONDON (Reuters) - The dollar wallowed near three-year lows on Friday as heightened fears of a U.S. government shutdown unnerved investors, while U.S. Treasury yields continued an upward march to hit their highest levels since September 2014.

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Emirates A380 orders allow Airbus to maintain minimum production - COO

PARIS (Reuters) - Airbus Chief Operating Officer Fabrice Bregier said on Friday that Emirates' latest order for up to 36 A380 aircraft worth $16 billion at list price would allow the European planemaker to maintain a minimum production level of the superjumbo.

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Wall Street traders brace for meager paychecks as bonus season approaches

NEW YORK (Reuters) - Some traders at the largest Wall Street banks are about to get big, fat zeroes for bonuses while they watch markets thrive.

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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.

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Trump set to leave Washington ahead of shutdown deadline

President Donald Trump is scheduled to depart Washington and head to his Florida resort hours before the deadline to avoid a government shutdown Friday at midnight.

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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.

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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.

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South Korean group files complaint against Apple CEO over iPhone slowdown

SEOUL (Reuters) - A South Korean consumer group has filed a criminal complaint against Apple Inc CEO Tim Cook over slower iPhone devices, after probes in Europe into allegations the firm had deliberately shortened the life of its handsets.

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Exclusive: U.S. puts HNA deals on ice until it gets ownership info - source

NEW YORK (Reuters) - The U.S. government will not approve any investment by HNA Group until the Chinese conglomerate, which has been scrutinized around the world over its ownership structure, provides adequate information on who its shareholders are, a source familiar with the situation said.

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SEC questions prospects of bitcoin ETFs

(Reuters) - The U.S. Securities and Exchange Commission (SEC) has questioned the prospects of bitcoin exchange-traded funds saying there are a significant number of investor protection issues about cryptocurrencies and related products that need to be examined.

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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.

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GOP leaders promise to whip hard-line immigration bill

Conservative House members say they got a promise from leadership to pursue a separate hard-line Republican-only immigration bill in exchange for their votes to pass government funding Thursday night -- a measure that several Republicans doubt could pass the House, let alone the Senate.

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House passes short-term spending bill, Senate fight erupts

WASHINGTON (Reuters) - Legislation to avoid a U.S. government shutdown at midnight on Friday advanced in Congress as the House of Representatives on Thursday night approved an extension of federal funds through Feb. 16, although the bill faced uncertain prospects in the Senate.

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Possible Buffett successor Jain reports $109 million Berkshire stake

(Reuters) - Ajit Jain, who was recently appointed a vice chairman of Warren Buffett's Berkshire Hathaway Inc , on Thursday reported ownership of roughly $109 million of the conglomerate's stock.

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MetLife, U.S. regulators agree to set aside legal fight

WASHINGTON (Reuters) - The U.S. government and MetLife announced on Thursday they would jointly be seeking to dismiss an appeal over whether the insurance company should face stricter oversight as a key part of the financial system.

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U.S. House passes short-term spending bill, Senate fate uncertain

WASHINGTON (Reuters) - Legislation to avoid a U.S. government shutdown at midnight on Friday advanced in Congress, as the House of Representatives on Thursday night approved an extension of federal funds through Feb. 16, although the bill faced uncertain prospects in the Senate.

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IBM returns to growth after six years, but dour forecast hits shares

(Reuters) - International Business Machines Corp's revenue rose for the first time in 23 quarters, beating analysts' estimates, but the company warned that a higher tax rate this year would eat into its profit.

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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.

United States Politics and Government nytimes.com

House Passes Short-Term Spending Bill, Setting Up Shutdown Battle in Senate

The successful vote in the House provided only a faint glimmer of hope that a crisis could be averted before much of the government exhausts its funds at midnight on Friday.

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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.

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SoftBank is now Uber's largest shareholder as deal closes

SAN FRANCISCO (Reuters) - A group of investors led by SoftBank Group Corp closed a deal with Uber Technologies Inc [UBER.UL] on Thursday, making SoftBank the largest stakeholder in the ride-services firm and providing a much-needed boost to controversy-ridden Uber.

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At AstraZeneca, fewer drug projects bring big productivity jump

LONDON (Reuters) - A focus on fewer diseases, together with cuts in laboratories and staff, has delivered a more than fourfold increase in research productivity at drugmaker AstraZeneca , based on one key measure of success. The analysis published on Friday comes at a time of soul-searching among large pharmaceutical companies as they compete with smaller biotech firms, which are getting new drugs to market more efficiently. The turnaround evident this decade at AstraZeneca fo

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Tax overhaul leads AmEx to first loss in 26 years, buyback suspension

(Reuters) - Credit card issuer American Express Co posted its first quarterly loss in 26 years and said it would not buy back shares for the next six months, both due to the impact of the recently enacted U.S. tax reform.

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Outback Australians grounded as pilot crisis worsens

(Reuters) - A recruitment drive by Australia's Qantas Airways Ltd after a seven-year hiatus is exacerbating shortages of pilots at regional air services that provide a lifeline to remote communities in the country's sparsely populated Outback.

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IBM returns to growth, but shares drop after recent rally

(Reuters) - International Business Machines Corp's revenue rose for the first time in 23 quarters and beat analysts' estimates as the company's shift into its focus areas such as cloud computing and security services gains traction.

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Wall St. pauses rally as utilities, industrials fall

NEW YORK (Reuters) - Wall Street fell on Thursday as losses in industrials and interest-rate sensitive sectors offset marginal gains in tech stocks.

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HSBC to pay $100 million to settle U.S. probe into currency rigging

(Reuters) - HSBC Holdings Plc on Thursday agreed to pay $101.5 million to settle a U.S. criminal probe into the rigging of currency transactions, which has already led the conviction of one of its former bankers.

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U.S. senators question extent of Ford 'Do Not Drive' warning on airbags

WASHINGTON (Reuters) - Two senators asked the U.S. Transportation Department on Thursday to explain why a "do not drive" directive issued last week by Ford Motor Co is limited to about 2,900 older pickup trucks and if other vehicles are potentially at risk from defective airbag inflators.

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Apple says it will decide new campus site without an auction

(Reuters) - Apple Inc said on Thursday that it will not hold a bidding process when it chooses the site for a planned new U.S. campus, marking a stark difference from the public contest that Amazon.com Inc has held for its second headquarters.

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Tax overhaul leads AmEx to first loss in 26 years, suspend buybacks

(Reuters) - Credit card issuer American Express Co posted its first quarterly loss in 26 years and said it would not buy back shares for the next six months, both due to the impact of the recently enacted U.S. tax overhaul.

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Judge tosses GM settlement on ignition switch

NEW YORK (Reuters) - A federal bankruptcy judge on Thursday said a settlement agreement that would require General Motors Co to pay $1 billion in stock to car owners suing the company over faulty ignition switches was not enforceable.

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IBM's first revenue rises in nearly six years tops estimates

(Reuters) - International Business Machines Corp's revenue rose for the first time in 23 quarters and beat analysts' estimates as the company's shift into its focus areas such as cloud computing and security services gains traction.

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Exclusive: Boeing willing to preserve Brazil's 'golden share' in Embraer deal

BRASILIA (Reuters) - Boeing Co is working to overcome the Brazilian military's objections to its proposed tie-up with Embraer SA with alternatives that would preserve the government's strategic veto rights and ensure safeguards for its defense programs, four people familiar with the matter told Reuters.

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Wall St. ends lower as industrial shares weigh

NEW YORK (Reuters) - Wall Street ended lower on Thursday as losses in industrial stocks and interest-rate sensitive sectors offset marginal gains in tech stocks.

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Wells Fargo says resolved payment duplication glitch

(Reuters) - Wells Fargo & Co said on Thursday it resolved an internal processing error that resulted in customers' online bill payments being processed twice.

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Uber-SoftBank deal has closed, making SoftBank largest shareholder

SAN FRANCISCO (Reuters) - A group of investors led by SoftBank Group Corp closed a deal with Uber Technologies Inc [UBER.UL] on Thursday, making SoftBank the largest stakeholder in the ride-services firm and providing a much-needed boost to controversy-ridden Uber.

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Senate passes bill renewing internet surveillance program

WASHINGTON (Reuters) - The U.S. Senate on Thursday passed a bill to renew the National Security Agency’s warrantless internet surveillance program for six years with minimal changes, overcoming objections from civil liberties advocates that it undermined the privacy of Americans.

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Wall St. treads water as rising interest rates balance tech growth

NEW YORK (Reuters) - Wall Street's main indexes seesawed in choppy trade on Thursday, as gains in tech stocks offset losses in interest-rate sensitive sectors.

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UPDATE 1-U.S. Senate passes bill renewing internet surveillance program

WASHINGTON, Jan 18 (Reuters) - The U.S. Senate on Thursday passed a bill to renew the National Security Agency’s warrantless internet surveillance program for six years with minimal changes, overcoming objections from civil liberties advocates that it undermined the privacy of Americans.

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Exclusive: Boeing willing to keep Brazil's 'golden share' in Embraer deal

BRASILIA (Reuters) - Boeing Co is working to overcome the Brazilian military's objections to its proposed tie-up with Embraer SA with alternatives that would preserve the government's strategic veto rights and ensure safeguards for its defense programs, four people familiar with the matter told Reuters.

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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.

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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.

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Nigeria sues JP Morgan for $875 million over Malabu oilfield deal

LONDON (Reuters) - Nigeria has filed a claim against JP Morgan Chase for more than $875 million, accusing it of negligence in transferring funds from a disputed 2011 oilfield deal to a company controlled by the country's former oil minister.

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Xerox-Fujifilm deal should have been changed long ago: Icahn

(Reuters) - Hedge fund investor Carl Icahn called on Thursday for the termination or renegotiation of Xerox Corp's long-running joint venture with Fujifilm Holdings reiterating demands for a change of leadership at Xerox.

cnn.com

More Senate Democrats say they won't support a stopgap bill

The Senate is ripening for a potential shutdown.

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Deutsche Bank CEO says overhaul will take time

BERLIN/FRANKFURT (Reuters) - Deutsche Bank's CEO on Thursday said an overhaul of the bank would take time but plans to turn around its performance were on the right track.

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Russia accuses Washington of leaking diplomats' bank details

MOSCOW (Reuters) - Russia's foreign ministry on Thursday accused U.S. officials of leaking to the media confidential financial details of Russian diplomats working in the United States, and demanded that those responsible be punished.

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Wall St. rally falters as healthcare, industrials drag

(Reuters) - Losses in healthcare and industrial stocks paused Wall Street's new year rally that had driven the blue-chip Dow index to its fastest ever 1,000 point rise.

cnn.com

Senate passes controversial FISA surveillance reauthorization

The Senate approved a six-year extension of the controversial Section 702 of the Foreign Intelligence Surveillance Act on Thursday.

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Nestle nominates three board directors to help advance strategy

LONDON (Reuters) - Nestle proposed three new independent directors to its board on Thursday, as the world's largest food company seeks to accelerate its transformation into a health-conscious company.

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Cold weather chills U.S. homebuilding; jobless claims at 45-year low

WASHINGTON (Reuters) - U.S. homebuilding fell more than expected in December, recording its biggest drop in just over a year, likely as unseasonably cold weather at the end of the month disrupted the construction of single-family housing units.

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Senate passes bill renewing NSA's internet surveillance program

WASHINGTON (Reuters) - The U.S. Senate on Thursday passed a bill to renew the National Security Agency’s warrantless internet surveillance program for six years and with minimal changes, overcoming objections from civil liberties advocates that it did too little to safeguard the privacy of Americans.

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Senate panel to probe Hawaii alerts as FCC investigates

WASHINGTON (Reuters) - A U.S. Senate panel plans to hold a Jan. 25 hearing on the errant Hawaii ballistic missile alert that stirred panic and anger as the Federal Communications Commission investigates the matter.

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Nigeria sues JP Morgan for $875 mln over Malabu oilfield deal

LONDON (Reuters) - Nigeria has filed a claim against JP Morgan Chase for more than $875 million, accusing it of negligence in transferring funds from a disputed 2011 oilfield deal to a company controlled by the country's former oil minister.

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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.

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Senate environment panel chief backs probe into uranium imports

WASHINGTON (Reuters) - The chair of the Senate's Environment and Public Works Committee said on Thursday he wants the Commerce Department to investigate the impacts of uranium imports from Russia and central Asia on national security, backing a request from two U.S. uranium mining firms who filed the petition.

companyNews reuters.com

CORRECTED-Senate environment panel chief backs probe into uranium imports

WASHINGTON, Jan 18 (Reuters) - The chair of the Senate's Environment and Public Works Committee said on Thursday he wants the Commerce Department to investigate the impacts of uranium imports from Russia and central Asia on national security, backing a request from two U.S. uranium mining firms who filed the petition.

businessNews reuters.com

Wall Street slips from record as healthcare, energy drag

(Reuters) - Wall Street's main indexes edged lower on Thursday as declines in healthcare and energy stocks paused a rally that had driven the Dow Jones index to its fastest ever 1,000 point gain.

businessNews reuters.com

WhatsApp inches closer to revenue plan with accounts for businesses

SAN FRANCISCO (Reuters) - Messaging application WhatsApp said on Thursday that it would begin allowing business accounts for the first time, a step that brings the free service closer to a plan that would make money for its corporate parent, Facebook Inc .

businessNews reuters.com

Apple's U.S. tax payment does not change EU's Irish tax ruling

BRUSSELS (Reuters) - Apple's announcement that it will pay $38 billion in U.S. tax on its overseas cash will not reduce the $16 billion tax bill the company owes Ireland following a European Union ruling, the EU's executive said on Thursday.

businessNews reuters.com

Morgan Stanley tops estimates on underwriting, wealth management

(Reuters) - Morgan Stanley's adjusted quarterly profit topped Wall Street estimates on Thursday as strength in underwriting and wealth management offset a sharp but expected decline in bond trading revenue.

businessNews reuters.com

Wall Street slips as healthcare, energy stocks drag

(Reuters) - Wall Street's main indexes edged lower on Thursday as declines in healthcare and energy stocks paused a rally that had driven the Dow to its fastest ever 1,000 point gain.

cnn.com

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

companyNews reuters.com

BRIEF-Great Canadian Gaming Says Registration Of Ontario Gaming GTA Ltd As Gaming Supplier Approved

* GREAT CANADIAN GAMING - REGISTRATION OF ONTARIO GAMING GTA LTD PARTNERSHIP AS A GAMING SUPPLIER UNDER GAMING CONTROL ACT (ONTARIO) HAS BEEN APPROVED Source text for Eikon: Further company coverage:

cnn.com

Senate must pass FISA Section 702 to protect Americans

For Americans, September 11, 2001 will forever be etched into our memories. The world watched as an always resolute nation fell victim to a horrific act of terror on its own soil. Our enemies celebrated in a seemingly impervious nation being brought to its knees, if only for a moment.

businessNews reuters.com

Wall Street opens flat as energy stocks weigh

(Reuters) - Wall Street's main indexes opened little changed on Thursday as energy stocks took a hit from lower oil prices.

businessNews reuters.com

EU antitrust regulators clear Qualcomm purchase of NXP

BRUSSELS (Reuters) - EU antitrust regulators have approved U.S. smartphone chipmaker Qualcomm's planned $38 billion acquisition of NXP Semiconductors subject to a series of commitments Qualcomm has made.

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.

businessNews reuters.com

U.S. housing starts fall; jobless claims hit 45-year low

WASHINGTON (Reuters) - U.S. homebuilding fell more than expected in December, recording its biggest drop in just over a year, amid a steep decline in the construction of single-family housing units following two months of hefty gains.

businessNews reuters.com

U.S. housing starts down sharply on drop in single-family units

WASHINGTON, Jan 18 (Reuters) - U.S. homebuilding fell more than expected in December, recording its biggest drop in just over a year, amid a steep decline in the construction of single-family housing units following two months of hefty gains.

businessNews reuters.com

U.S. jobless claims fall to 45-year low

WASHINGTON, Jan 18 (Reuters) - The number of Americans filing for unemployment benefits fell more than expected last week to the lowest level in 45 years, but the decline likely overstated the health of the labor market as data for several states were estimated.

businessNews reuters.com

Morgan Stanley's wealth management business helps bank top estimates

(Reuters) - Morgan Stanley's quarterly profit dropped almost 60 percent on a provision related to the new U.S. tax law, but adjusted profit beat analyst expectations as strength in wealth management offset a drop in trading revenue.

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.

businessNews reuters.com

Stock futures edge higher after Morgan Stanley results

(Reuters) - Bullish global economic signals and gains for Morgan Stanley drove a rise in U.S. stock futures on Thursday, a day after the Dow extended a new year rally to close above 26,000 for the first time.

businessNews reuters.com

Morgan Stanley quarterly profit tanks; adjusted profit beats view

(Reuters) - Morgan Stanley's quarterly profit dropped almost 60 percent on a provision related to the new U.S. tax law, but adjusted profit beat analyst expectations as strength in wealth management helped offset a drop in trading revenue.

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.

businessNews reuters.com

Lexus, Infiniti luxury car brands test ways to fight Tesla, German rivals

DETROIT (Reuters) - Japanese luxury auto brands Lexus and Infiniti are using the Detroit auto show to test new ways to regain momentum against Germany's prestige automakers and Silicon Valley's Tesla Inc .

worldNews reuters.com

Philippines' Duterte urges Congress to pass bill for self-rule in Muslim region

MANILA (Reuters) - Philippine President Rodrigo Duterte on Thursday urged Congress to pass a bill granting self-rule to the country's Muslim minority, warning that its collapse would see separatist rebels abandon a peace process and declare war again.

businessNews reuters.com

BMW aims to outsell Mercedes by 2020: CEO tells Manager Magazin

FRANKFURT (Reuters) - BMW aims to overtake rival Mercedes-Benz in terms of annual deliveries within two years, Chief Executive Harald Krueger told German monthly Manager Magazin.

companyNews reuters.com

BRIEF-Tapestry Inc Says HK Stock Exchange Approved Withdrawal Of Listing Of HDRs

* STOCK EXCHANGE HAS APPROVED WITHDRAWAL OF LISTING OF HDRS ON STOCK EXCHANGE

businessNews reuters.com

Strong China data cranks up pressure on bond markets

LONDON (Reuters) - Strong Chinese data on Thursday kept world stocks hovering near record highs, as bond markets pushed U.S. Treasury yields - the benchmark for global borrowing costs - to a 10-month high.

Movies nytimes.com

Does ‘Three Billboards’ Say Anything About America? Well …

The movie thinks it’s saying something profound about human nature and America. But really, it’s off key about so many things.

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.

businessNews reuters.com

Asia stocks touch record highs after Wall St. surge, dollar edges back

TOKYO (Reuters) - Asian stocks struck record highs on Thursday, with a rally by Wall Street supporting bullish investor sentiment, while the dollar pulled back from three-year lows as comments by European Central Bank officials tempered the euro's recent rally.

businessNews reuters.com

Old hands in South Korea Bitcoin market unfazed by threats of ban

SEOUL/HONG KONG (Reuters) - Threats of a potential cryptocurrency trading ban in South Korea have scared many investors away, but some veterans of the young market are defiant, saying restrictions would be relatively easy to circumvent.

businessNews reuters.com

Peugeot CEO outlines ambitious plan to re-enter U.S., go electric

DETROIT (Reuters) - Peugeot SA Chief Executive Carlos Tavares said on Wednesday the French automaker is using the know-how of former Opel engineers acquired from General Motors Co to develop vehicles to re-enter the U.S. market, and said Peugeot will offer electrification as an option on all its vehicles by 2025.

businessNews reuters.com

Asia stocks reach record highs after Wall St. surge, dollar edges back

TOKYO (Reuters) - Asian stocks struck record highs on Thursday, with a rally by Wall Street supporting bullish investor sentiment, while the dollar pulled back from three-year lows as comments by European Central Bank officials tempered the euro's recent rally.

businessNews reuters.com

Intel: Problem in patches for Spectre, Meltdown extends to newer chips

(Reuters) - Data center computers with Intel Corp's newer chips might reboot more often than normal because of problems with the patches issued to fix the so-called Spectre and Meltdown security flaws, the company said on Wednesday.

businessNews reuters.com

Peugeot CEO: All PSA vehicles will electrified by 2025

DETROIT (Reuters) - Peugeot SA Chief Executive Carlos Tavares said on Wednesday that by 2025 "the PSA Group will be 100 percent electrified," and will offer "no less than 40 electrified vehicles."

businessNews reuters.com

Trump says solar tariff decision coming soon, stakes huge for industry

LOS ANGELES/WASHINGTON (Reuters) - U.S. President Donald Trump said on Wednesday he would announce a decision soon on whether to slap tariffs on imported solar panels, and quipped that when countries dump subsidized panels in the United States, “Everybody goes out of business.”

businessNews reuters.com

Asia stocks near record highs after Wall St. surge, dollar edges back

TOKYO (Reuters) - Asian stocks were near record highs on Thursday, with a rally by Wall Street supporting bullish investor sentiment, while the dollar pulled back from three-year lows as the euro's recent rally lost steam.

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.

United States Politics and Government nytimes.com

Senate Democrats Make Hard Turn Left in Warming Up for 2020 Race

The 2020 race for the White House is already unfolding in the Capitol, with no fewer than six Democratic senators angling for their party’s nomination.

businessNews reuters.com

Big portion of future GM electric vehicles for China market: executive

DETROIT (Reuters) - General Motors Co's China unit will sell a "substantial portion" of the automaker's future electric vehicles, GM China President Matt Tsien said on Wednesday.

businessNews reuters.com

Exclusive: Japan in driver's seat for Indian bullet train deals

NEW DELHI/TOKYO (Reuters) - Japanese steel and engineering companies are in the driver's seat to bag major supply contracts for a $17 billion Indian bullet train, several sources said, undermining a key component of Prime Minister Narendra Modi's economic policy - a push to 'Make in India'.

worldNews reuters.com

Turkey says could act in Syria unless Washington withdraws support for Kurdish force

HATAY, Turkey (Reuters) - Turkey said on Wednesday it would not hesitate to take action in Syria's Afrin district and other areas unless the United States withdrew support for a Kurdish-led force there, as the Pentagon downplayed its plans to train the Syrian fighters.

cnn.com

Opinion: Love and Washington don't mix

I do not believe love is the answer. I want to. But love, American style, is the kind of love I can live without. Like everything else in our culture, love has become politicized.

companyNews reuters.com

BRIEF-Walter Investment Management Says Prepackaged Chapter 11 Plan Approved By Court

* WALTER INVESTMENT MANAGEMENT CORP. PREPACKAGED CHAPTER 11 PLAN APPROVED BY COURT

businessNews reuters.com

Verizon says new U.S. tax law to increase fourth-quarter earnings

NEW YORK (Reuters) - Verizon Communications Inc said on Wednesday the tax overhaul bill signed into law by U.S. President Donald Trump late last year will result in a one-time reduction in net deferred income tax liabilities of about $16.8 billion.

businessNews reuters.com

Alcoa misses estimate as Brazil drought hits production

(Reuters) - Aluminum producer Alcoa Corp's profit and revenue both missed market estimates for the fourth quarter as a drought in Brazil hit bauxite production and higher power prices in Spain boosted expenses, the company said on Wednesday.

businessNews reuters.com

Fed fines Taiwan's Mega Bank $29 million for anti-money laundering failures

WASHINGTON (Reuters) - The U.S. Federal Reserve Board said on Wednesday it had fined Taiwan's Mega International Commercial Bank Co. $29 million for anti-money laundering violations and required the company to improve its anti-money laundering oversight and controls.

businessNews reuters.com

Verizon says new U.S. tax law to increase 4th-qtr earnings

NEW YORK (Reuters) - Verizon Communications Inc said on Wednesday the tax overhaul bill signed into law by U.S. President Donald Trump late last year will result in a one-time reduction in net deferred income tax liabilities of about $16.8 billion.

cnn.com

Republican calls short-term spending bill a 'crap sandwich'

A top Republican congressman said Wednesday he believed a short term bill to keep the government open would pass on Thursday, saying "I think it's in better shape than what's being reported."

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.

worldNews reuters.com

Turkey says it could act in Syria unless Washington withdraws support for Kurdish force

HATAY, Turkey (Reuters) - Turkey said on Wednesday it would not hesitate to take action in Syria's Afrin district and other regions across the border unless the United States withdraws support for a Kurdish-led force there.

businessNews reuters.com

Dow ends above 26,000 on earnings optimism

NEW YORK (Reuters) - U.S. stocks jumped on Wednesday and the Dow closed above 26,000 for the first time as investors' expectations for higher earnings lifted stocks across sectors.

businessNews reuters.com

Apple issues $2,500 bonuses to employees after new tax law: Bloomberg

(Reuters) - Apple Inc told its employees on Wednesday that the iPhone maker is issuing a bonus of $2,500 worth of restricted stock units following the new U.S. tax reform, Bloomberg reported, citing people familiar with the matter.

businessNews reuters.com

Exclusive: Trump considers big 'fine' over China intellectual property theft

WASHINGTON (Reuters) - President Donald Trump said on Wednesday the United States was considering a big "fine" as part of a probe into China's alleged theft of intellectual property, the clearest indication yet that his administration will take retaliatory trade action against China.

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.

healthNews reuters.com

Senate committee advances Azar nomination as health secretary

WASHINGTON (Reuters) - A U.S. Senate committee on Wednesday voted to move forward the nomination of Alex Azar, a former drug industry executive and lobbyist whom President Donald Trump has tapped to be the next secretary of Health and Human Services.

environmentNews reuters.com

Germany faces huge bill to meet EU climate goals: BDI study

BERLIN (Reuters) - Germany will have to spend more than 1 trillion euros ($1.2 trillion) to meet even the lower end of the European Union's 2050 target to reduce carbon dioxide emissions, according to a draft of a study commissioned by the BDI German industry group.

businessNews reuters.com

Shari Redstone explores adding new CBS directors: WSJ

(Reuters) - Shari Redstone has discussed adding new directors to the board of CBS Corp as she renews her push to merge the company with Viacom Inc, The Wall Street Journal reported Wednesday.

businessNews reuters.com

Regulatory fears hammer bitcoin below $10,000, half its peak

LONDON/TOKYO (Reuters) - Bitcoin fell as much as 20 percent on Wednesday, piercing below $10,000, while other cryptocurrencies took similar spills due to investor fears that regulators could clamp down on them in an effort to curb speculation.

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.

businessNews reuters.com

Major shareholder demands Xerox disclose JV agreement with Fuji

(Reuters) - Major Xerox Corp shareholder Darwin Deason has urged the photocopier pioneer to make public its joint venture agreement with Japan's Fujifilm Holdings Corp , saying U.S. securities laws require it should do so.

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.

businessNews reuters.com

FTC investigating Broadcom for antitrust practices

(Reuters) - The Federal Trade Commission (FTC) is investigating whether chipmaker Broadcom Ltd engaged in anticompetitive tactics in negotiations with customers, the company said on Wednesday.

businessNews reuters.com

Enthusiasm for earnings lifts Wall Street

NEW YORK (Reuters) - Wall Street's main indexes rose on Wednesday as investors' expectations for higher earnings lifted stocks across sectors.

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.

companyNews reuters.com

Key U.S. Senate committee advances Azar nomination for HHS secretary

WASHINGTON, Jan 17 (Reuters) - A key Senate committee on Wednesday voted to advance the nomination of Alex Azar, a former drug industry executive and lobbyist whom President Donald Trump has tapped to be the next secretary of Health and Human Services.

politicsNews reuters.com

Not clear what Trump will support on immigration: Senate leader

WASHINGTON (Reuters) - The top Republican in the U.S. Senate said on Wednesday he was waiting to find out what President Donald Trump would support in terms of immigration legislation before devoting floor time to any bill.

businessNews reuters.com

FTC probing Broadcom for antitrust practices: source

(Reuters) - The Federal Trade Commission (FTC) is investigating whether chipmaker Broadcom Ltd engaged in anticompetitive tactics in negotiations with customers, according to a person familiar with the matter.

businessNews reuters.com

'Just Hit Budget!' bankers at RBS restructuring unit told during crisis: memo

LONDON (Reuters) - Royal Bank of Scotland staff helping small firms to restructure debt during the financial crisis were given a list of ways to squeeze more money from struggling clients and told to "Just Hit Budget!", a memo released on Wednesday showed.

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.

businessNews reuters.com

Exclusive: Activist investor Sachem Head pushes Whitbread to consider break-up - sources

LONDON (Reuters) - Activist investor Sachem Head has asked Whitbread to consider a break up of its Costa Coffee chain from its hotels and restaurant businesses, two people familiar with the matter told Reuters.

businessNews reuters.com

Ghosn lays groundwork for withdrawal as Renault CEO

PARIS (Reuters) - Renault-Nissan is to pursue plans to create separate strategy and operations leadership roles, Renault CEO Carlos Ghosn said on Wednesday in a sign he may pull back as boss of the French carmaker.

businessNews reuters.com

Dealmaking Ferrero tycoon breaks decades of family tradition

MILAN (Reuters) - For almost 70 years, family-owned chocolate group Ferrero shunned acquisitions, relying completely on its ability to grow on its own and dream up new products. Those days are gone.

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.

businessNews reuters.com

FTC probing Broadcom for antitrust practices: WSJ

(Reuters) - The Federal Trade Commission (FTC) is investigating whether chipmaker Broadcom Ltd engaged in anticompetitive tactics in negotiations with customers, the Wall Street Journal reported, citing people familiar with the matter.

businessNews reuters.com

German discounter Lidl slows U.S. expansion: paper

FRANKFURT (Reuters) - German discount food retailer Lidl is slowing its U.S. expansion and switching focus from big-box stores to smaller formats, the Handelsblatt business daily reported, citing local real estate and political sources.

businessNews reuters.com

GE's 2018 gains wiped out as worries about turnaround plan persist

(Reuters) - Shares of General Electric Co continued its slide on Wednesday and wiped out all its gains in 2018, a day after the U.S. industrial conglomerate announced more than $11 billion in charges and hinted about a potential breakup.

businessNews reuters.com

Tech, industrials lift Wall St.; financials recover

(Reuters) - Wall Street's main indexes were higher on Wednesday, led by technology and industrial stocks as well as a recovery in the financial sector.

worldNews reuters.com

Taliban leader approved Islamabad meeting on Afghan peace talks: sources

ISLAMABAD (Reuters) - A delegation approved by the Taliban's supreme leader visited the Pakistani capital this week for exploratory talks on restarting peace negotiations to end Afghanistan's 16-year war, two senior officials in the movement said.

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...

businessNews reuters.com

Rolls-Royce shares jump as commercial marine business goes on block

LONDON (Reuters) - Rolls-Royce is considering the sale of its loss-making commercial marine business in another shake-up by Chief Executive Warren East that will streamline its activities into civil aerospace, defense and power system units.

businessNews reuters.com

Mining, demand for heating power U.S. industrial production

WASHINGTON (Reuters) - U.S. industrial production increased more than expected in December as unseasonably cold weather at the end of the month boosted demand for heating, but manufacturing output barely rose, pointing to moderate growth in the industrial sector.

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.

businessNews reuters.com

Banks expected to share tiny proportion of mammoth Saudi Aramco IPO

LONDON (Reuters) - The banks that will advise and execute Saudi Aramco's stock market listing are expected to share a tiny proportion of the $100 billion Riyadh hopes to raise in its initial public offering, according to banking sources and industry insiders.

politicsNews reuters.com

U.S. banking official critiques Senate bill aimed at easing bank rules

WASHINGTON (Reuters) - A top official at a leading U.S. bank regulator is airing concerns about a Senate bill that would ease banking rules, saying parts of it could "significantly weaken" critical protections.

businessNews reuters.com

Goldman investors rattled by latest plunge in bond trading

(Reuters) - Goldman Sachs Group Inc on Wednesday reported a sharp drop in trading revenue that renewed questions about its ability to revive a moribund profit driver or find business to replace it, sending shares down 3 percent.

businessNews reuters.com

Tech, industrials lead Wall Street higher, banks drop

(Reuters) - Wall Street's main indexes rose on Wednesday, led by gains in technology and industrial stocks, but losses in Goldman Sachs and Bank of America dragged down bank shares.

businessNews reuters.com

In replacing Dudley, NY 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.

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.

cnn.com

See Flake condemn Trump on Senate floor

Sen. Jeff Flake (R-AZ) condemns President Trump on the Senate floor, comparing the President's attacks on the media to the tactics of Soviet dictator Joseph Stalin.