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U.S. House to vote again on tax bill, Trump on verge of win

businessNews reuters.com

WASHINGTON (Reuters) - The Republican-controlled U.S. House of Representatives on Wednesday was expected to give final approval to a sweeping tax bill and send it to President Donald Trump to sign into law, sealing his first major legislative victory in office. [Source]

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Amazon's review of Toronto could escalate tension with Trump

TORONTO (Reuters) - Amazon.com Inc's inclusion of Canada's largest city on a list of 20 finalists for a massive new campus could escalate tensions between the tech giant and U.S. President Donald Trump.

businessNews reuters.com

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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REFILE-UPDATE 4-Amazon's review of Toronto could escalate tension with Trump

TORONTO, Jan 18 (Reuters) - Amazon.com Inc's inclusion of Canada's largest city on a list of 20 finalists for a massive new campus could escalate tensions between the tech giant and U.S. President Donald Trump.

politicsNews reuters.com

Trump goes to Pennsylvania to help Republican in special House election

CORAOPOLIS, Pa. (Reuters) - President Donald Trump traveled to western Pennsylvania on Thursday to show his backing for the Republican candidate in a special congressional election where Democrats are hoping to score another upset victory in Trump-friendly territory.

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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.

North Korea nytimes.com

Trump Rebuked China for North Korea’s Oil Smuggling. It’s More Complicated.

The opaque world of the global maritime industry makes it exceedingly difficult to prevent North Korea from obtaining oil, despite sanctions.

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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.

businessNews reuters.com

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.

Trump, Donald J nytimes.com

Letters: ‘I Voted for Donald Trump, and I Regret It’

Two readers express their disappointment in his presidency.

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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.

politicsNews reuters.com

Former Trump adviser Bannon will not go to House panel Thursday: source

WASHINGTON (Reuters) - Former White House strategist Steve Bannon was not expected to return to testify before the House of Representatives' intelligence committee on Thursday, a committee source said.

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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.

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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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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.

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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.

politicsNews reuters.com

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.

worldNews reuters.com

Mexico rejects Trump claim it world's most dangerous country

MEXICO CITY (Reuters) - Mexico on Thursday dismissed a claim by U.S. President Donald Trump that it was the most dangerous country in the world and reiterated it would not fund the construction of a wall along the U.S. southern border.

cnn.com

It's a real shame Trump didn't eat more fish

Cast your mind back to the 1970s. A young Czech-born model named Ivana joins her husband-to-be at the touristy restaurant called Tavern on the Green on the west side of New York's Central Park.

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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.

cnn.com

Trump: 'Worst thing' about shutdown would be effect on military

President Donald Trump told reporters at the Pentagon Thursday that he the worst results of a possible government shutdown would be the impact on the US military.

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.

cnn.com

New polls show Trump at 37% approval

Two new polls released Thursday show President Donald Trump's approval rating at 37% nearly one year into his presidency.

cnn.com

Graham suggests 'outliers' in Trump admin sidelined immigration deal

Sen. Lindsey Graham said Thursday that some of President Donald Trump's White House staff have "irrational" views on immigration.

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.

politicsNews reuters.com

Trump flies to Pennsylvania to help Republican in special election

WASHINGTON (Reuters) - After a critical loss for Republicans in Alabama last month, President Donald Trump is wading back into congressional politics on Thursday when he travels to western Pennsylvania to signal his backing for the party's candidate in a special election.

cnn.com

Trump: Government 'very well could' shut down

President Donald Trump told reporters at the Pentagon that the worst results of a possible government shutdown would be the impact on the U.S. military.

politicsNews reuters.com

Trump says government 'could very well' shut down

WASHINGTON (Reuters) - President Donald Trump said on Thursday the U.S. government "could very well" shut down and that would be very harmful to the military.

cnn.com

House intelligence panel votes to release Fusion GPS co-founder interview

The House Intelligence Committee on Thursday voted to release the transcript of its interview with Fusion GPS co-founder Glenn Simpson, with Democrats and Republicans joining together in a move likely to shed new light on the opposition research dossier on Trump and Russia.

politicsNews reuters.com

House committee votes to release Fusion GPS testimony in Russia probe

WASHINGTON (Reuters) - The U.S. House of Representatives Intelligence Committee voted on Thursday to release to the public testimony from the founder of the Fusion GPS firm, which researched President Donald Trump's ties to Russia and produced a dossier denounced by the White House.

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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 .

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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.

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.

cnn.com

Bannon given more time to sort out with WH what he can tell Hill investigators

The House Intelligence Committee has agreed to give former White House chief strategist Steve Bannon until the end of the month to return to the panel and finish his closed-door interview, according to a source with knowledge of the matter.

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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.

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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.

worldNews reuters.com

HRW says Trump is 'disaster' for human rights, fuels authoritarians

PARIS (Reuters) - U.S. President Donald Trump's record on human rights in his first year in office has been a "disaster" and has encouraged oppression by authoritarian leaders from China to Russia, the head of Human Rights Watch said in an interview on Wednesday.

politicsNews reuters.com

Trump's ex-aide Bannon to appear again before House intelligence panel

WASHINGTON (Reuters) - Former White House strategist Steve Bannon was expected to return on Thursday to testify before the House of Representatives' intelligence committee, two days after refusing to answer questions about his time with the Trump administration or the transition period leading to it.

United States Politics and Government nytimes.com

Trump Upsets Republican Strategy to Avoid Shutdown

With a government shutdown looming, the House planned to vote Thursday on a spending bill that would avert a crisis. But President Trump upended the G.O.P. strategy.

cnn.com

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

cnn.com

Trump's first year: The report card

It has been a crazy year in Washington. A new president came to town making big promises about how he would upend everything that was wrong with politics and assured his supporters that nothing could get in his way. So how did he do?

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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.

cnn.com

Trump contradicts his own team with tweet on the Children's Health Insurance Program

President Donald Trump contradicted his own administration on Thursday when he tweeted that funding for the Children's Health Insurance Program should not be included in a short-term plan to fund the government.

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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.

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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.

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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.

politicsNews reuters.com

Trump contradicts top aide, says border wall stance has not 'evolved'

WASHINGTON (Reuters) - U.S. President Donald Trump on Thursday said his concept of a wall along the U.S. border with Mexico "has never changed or evolved," contradicting comments made by his chief of staff.

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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.

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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.

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Factbox: Trump on Twitter (Jan 18) - Mexico wall, NAFTA, Rick Saccone

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

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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.

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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.

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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.

cnn.com

Trump pushes back in morning tweet

With less than two days until the government shutdown deadline, lawmakers are trying to strike a deal for a short term budget resolution, and President Trump continues to defend his original border wall promise.

Trump, Donald J nytimes.com

Trump Denies Changing His Position on Border Wall

In an early morning tweet, President Trump contradicted his chief of staff and said his position on building a wall between the United States and Mexico had not “evolved.”

cnn.com

Trump tweets his views on border wall haven't changed after Kelly says they have

President Donald Trump insisted Thursday that he has remained consistent in his plans for a border wall, a day after his chief of staff, John Kelly, said he has "changed his attitude" on it.

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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 .

politicsNews reuters.com

Trump says border wall stance has not 'evolved,' Mexico will pay

WASHINGTON (Reuters) - U.S. President Donald Trump on Thursday defended his proposed wall along the U.S. southern border, saying his position "has never changed or evolved," and that Mexico would pay for the barrier "directly, or indirectly."

United States International Relations nytimes.com

Souring World Views of Trump Open Doors for China and Russia

A Gallup survey of people in 134 countries found that just 30 percent approved of American leadership under President Trump, a drop of nearly 20 points.

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.

politicsNews reuters.com

U.S. tech trade groups urge Trump to let spouses of H1b holders to work

SAN FRANCISCO (Reuters) - U.S. technology trade groups on Thursday urged the Trump administration to retain an Obama-era rule that allows certain spouses of highly skilled guest workers to also work legally in the United States.

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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.

politicsNews reuters.com

Trump administration's infrastructure plan taking shape

WASHINGTON (Reuters) - The Trump administration is finalizing its long-awaited infrastructure plan, which would push most of the financing of projects to private investment and state and local taxpayers, according to sources familiar with the proposal taking shape.

nytimes.com

Donald Trump, North Korea, Apple: Your Thursday Briefing

Here’s what you need to know to start your day.

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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.

worldNews reuters.com

After Trump denial, Netanyahu clarifies remarks on timeframe for U.S. Embassy in Jerusalem

JERUSALEM (Reuters) - Israeli Prime Minister Benjamin Netanyahu took a step back on Thursday from comments, challenged by U.S. President Donald Trump, that envisioned a one-year timeframe for the planned relocation of the U.S. Embassy in Israel to Jerusalem.

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.

cnn.com

Anderson Cooper: Trump foils WH attempt to shift blame

As Congress and the White House work toward an immigration deal while trying to avoid a government shutdown, there is finger pointing on both sides over who's to blame for the delay. CNN's Anderson Cooper reports.

cnn.com

Fearing Trump blowback, GOPers say 'no thanks' to 2018

Politicians -- good ones, at least -- make their bones by knowing which way the wind is blowing. And right now, it's a gale force gust right in the faces of Republicans.

companyNews reuters.com

UPDATE 1-Toshiba reaches deal to help resolve Westinghouse bankruptcy, rebuild finances

* Toshiba to sell claims in Westinghouse to group led by Baupost

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.

cnn.com

WH official: Trump has been 'pretty clear' about what it will take for DACA deal

Amid confusion in Washington over what kind of immigration bill President Donald Trump would sign, White House deputy press secretary Raj Shah told CNN's Chris Cuomo on Wednesday that the President has made his priorities clear.

cnn.com

Trump: Predecessors left N. Korea to a president 'that scored the highest on tests'

Fresh off a White House doctor declaring his health excellent, President Donald Trump swiped at his predecessors on North Korea, while saying he "scored the highest on tests."

politicsNews reuters.com

U.S. senators rip Trump over his attacks on the media

WASHINGTON (Reuters) - Republican U.S. Senator Jeff Flake castigated President Donald Trump on Wednesday for his attacks on the media, saying Trump had embraced the despotic language of former Soviet dictator Josef Stalin and inspired modern-day authoritarians.

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.

cnn.com

This is a fight with China that Trump may want to avoid

cnn.com

Conan: Trump's comments are irrelevant

CNN's Anderson Cooper sits down with show host Conan O'Brien to discuss his upcoming trip to Haiti following President Trump's comments about the country.

News and News Media nytimes.com

Trump Hands Out ‘Fake News Awards,’ Sans the Red Carpet

President Trump made good on his promise to honor the media’s “most corrupt & biased,” delivering his awards in a blog post.

Clifford, Stephanie nytimes.com

More Details Emerge About Trump’s Relationship With Porn Star

In Touch published excerpts from its 2011 interview with Stephanie Clifford, in which she details her first encounter with Donald Trump.

cnn.com

Actress linked to Trump told story in 2011

Some media outlets shelved a story that detailed an alleged sexual relationship between porn actress Stormy Daniels and President Donald Trump before the 2016 election. CNN's Brian Todd reports.

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.

politicsNews reuters.com

Factbox: Trump on Twitter (January 17) - Bob Dole, Apple, Fiat, ISIS, Fake news

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

companyNews reuters.com

CORRECTED-Toshiba sees $3.7 bln balance sheet improvement from Westinghouse deal

TOKYO, Jan 18 (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.

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."

United States Politics and Government nytimes.com

With Trump’s Visit to Pennsylvania, G.O.P. Scrambles to Save a House Seat

President Trump will fly in to the southwestern Pennsylvania district vacated by a scandal-tarred Republican, hoping to bolster the flagging campaign of his handpicked successor.

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.”

cnn.com

HHS is expected to unveil 'conscience protections' for health care workers

The Department of Health and Human Services is expected to announce a rule protecting health care workers who cite moral or religious reasons to not provide certain medical procedures, sources tell CNN.

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.

cnn.com

Erin Burnett to Trump: What is your stance?

CNN's Erin Burnett breaks down the confusion on Capitol Hill and in the White House over DACA and the border wall — two crucial issues at the center of a looming government shutdown.

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.

Trump, Donald J nytimes.com

Op-Ed Columnist: Donald Trump Gets His Sanity Grades

Relax, this man knows his camels.

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'.

politicsNews reuters.com

Trump administration bars Haitians from U.S. visas for low-skilled work

WASHINGTON (Reuters) - Haitians will no longer be eligible for U.S. visas given to low-skilled workers, the Trump administration said on Wednesday, bringing an end to a small-scale effort to employ Haitians in the United States after a catastrophic 2010 earthquake.

politicsNews reuters.com

Trump looks to boost Republican in Pennsylvania special election

WASHINGTON (Reuters) - After a disastrous loss for Republicans in Alabama last month, President Donald Trump will again wade into congressional politics on Thursday when he travels to western Pennsylvania to signal support for the Republican candidate in a special election there.

companyNews reuters.com

Toshiba sees $3.7 bln balance sheet improvement from Westinghouse deal

TOKYO, Jan 18 (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

White House did not tell Bannon to invoke executive privilege: Kelly

WASHINGTON (Reuters) - President Donald Trump's Chief of Staff John Kelly told Fox News on Wednesday the White House did not tell former Trump chief strategist Steve Bannon to invoke executive privilege in closed testimony before Congress on its probe of alleged Russian meddling in the 2016 U.S. election.

Labor and Jobs nytimes.com

Op-Ed Contributor: Trump’s Chance to Save American Steel

Cheap imports are becoming a threat to national security. He has the tools to respond. Will he use them?

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.

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.

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.

United States Politics and Government nytimes.com

White House Chief of Staff Calls Trump’s Campaign Wall Promises ‘Not Fully Informed’

White House Chief of Staff John F. Kelly told Hispanic members of Congress on Wednesday that President Trump’s campaign promises have “evolved” on immigration.

healthNews reuters.com

Exclusive: Exercise? I get more than people think, Trump says

WASHINGTON (Reuters) - Do not expect U.S. President Donald Trump to hit the gym, despite his doctor's orders.

politicsNews reuters.com

Exclusive: Trump accuses Russia of helping North Korea evade sanctions; says U.S. needs more missile defense

WASHINGTON (Reuters) - U.S. President Donald Trump complained on Wednesday that Russia was helping North Korea to evade international sanctions, signaling frustration with a country he had hoped to forge friendly relations with after his 2016 election win.

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.

cnn.com

White House chief of staff tells Democrats he worked to change the President's stance on immigration

White House chief of staff John Kelly, in talking about the wall and immigration, told Democratic lawmakers Wednesday that some of President Donald Trump's positions as a candidate were uninformed, sources told CNN.

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

Trump on shutdown talks: 'Working on it'

President Donald Trump promised that his administration is "working on it" as he faced a flurry of questions Wednesday about discussions to reach an immigration deal and fund the government.

cnn.com

Poll: Dems and GOPers divided on if Trump is dividing them

"The Bible tells us," a freshly sworn-in President Trump said during a softer point in his inaugural speech, "how good and pleasant it is when God's people live together in unity."

cnn.com

Trump says government shutdown 'could happen'

CNN's Kaitlan Collins reports on the potential for a government shutdown.

cnn.com

The Constitution has stopped Trump -- so far

Donald Trump, as a presidential candidate, never promised compromise. He instead promised the opposite: reform through sheer force of will. "Nobody knows the system better than me," said Trump when accepting the Republican nomination, "which is why I alone can fix it." The trouble with such a self-centered approach? It is contrary to the Constitution.

politicsNews reuters.com

Exclusive: Trump vows to campaign intensively for Republicans, may avoid primaries

WASHINGTON (Reuters) - President Donald Trump said on Wednesday that he plans to devote much of his time this year to helping Republicans maintain control of the U.S. Congress, but suggested he may stay out of divisive intra-party primary fights.

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.

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.

cnn.com

Opinion: Is California horror house society's fault?

What responsibility does society bear for the Turpins?

worldNews reuters.com

Exclusive: Trump denies U.S. embassy to be moved to Jerusalem within a year

WASHINGTON (Reuters) - President Donald Trump denied on Wednesday that the planned relocation of the U.S. embassy in Israel to Jerusalem would take place within a year, after Prime Minister Benjamin Netanyahu said he expected the controversial move to happen by then.

entertainmentNews reuters.com

Scathing Trump book 'Fire and Fury' heads to television

LOS ANGELES (Reuters) - Michael Wolff's explosive behind-the-scenes book about U.S. President Donald Trump, "Fire and Fury," is headed for television, Hollywood trade publications reported on Wednesday.

cnn.com

Leon Panetta: World needs to know that Trump is not who we are

The President of the United States recently made a vulgar and disparaging remark about immigrants to our country from poor and impoverished areas of the world. The remark is unsurprising -- it came from a President who seeks to close our country off from the rest of the world.

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.

United States Politics and Government nytimes.com

Trump’s Physical Revealed Serious Heart Concerns, Outside Experts Say

The White House physician had said President Trump was in “excellent” cardiac health despite having an LDL cholesterol level of 143, well above the desired number.

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.

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.

cnn.com

McConnell: Unclear what Trump wants

Senate Majority Leader Mitch McConnell (R-KY) said that the Republicans are not sure what President Donald Trump wants in a DACA deal, and until he figures it out what the President supports, a deal cannot be made.

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.

politicsNews reuters.com

Trump ex-aide Bannon agrees to Mueller probe interview, avoiding grand jury

WASHINGTON (Reuters) - Former White House strategist Steve Bannon has reached agreement with U.S. Special Counsel Robert Mueller to be interviewed by Mueller's investigators rather than appearing before a grand jury, a source familiar with the matter said on Wednesday.

politicsNews reuters.com

Exclusive: Trump takes hard line on immigration, rejects 'horrible' bipartisan plan

WASHINGTON (Reuters) - U.S. President Donald Trump on Wednesday aligned himself solidly with conservative Republicans on immigration, criticizing a proposed bipartisan deal as "horrible" on border security and "very, very weak" on reforms for the legal immigration system.

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.

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.

cnn.com

Trump: Russia is not helping with N. Korea

President Donald Trump on Wednesday accused Russia of helping North Korea skirt international sanctions aimed at curbing North Korea's nuclear and ballistic missile programs.

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.

cnn.com

Eric Trump: 'My father sees one color: green'

Eric Trump is defending his father, President Donald Trump, against accusations that he's racist after he reportedly called certain African nations "shithole countries."

politicsNews reuters.com

Senators rip Trump over his attacks on the media

WASHINGTON (Reuters) - U.S. Senator Jeff Flake on Wednesday castigated President Donald Trump for his attacks on the media, comparing his fellow Republican to former Soviet dictator Josef Stalin and charging that Trump inspires modern-day authoritarians.

politicsNews reuters.com

Congress should consult on confidential inquiries in Russia probes: White House

WASHINGTON (Reuters) - Congress should consult with the White House whenever it seeks confidential information that may be covered by executive privilege, a White House spokeswoman said on Wednesday.

politicsNews reuters.com

Exclusive: Trump says Russia helping North Korea skirt sanctions; Pyongyang getting close on missile

WASHINGTON (Reuters) - U.S. President Donald Trump said on Wednesday Russia is helping North Korea get supplies in violation of international sanctions and that Pyongyang is getting "closer every day" to being able to deliver a long-range missile to the United States.

cnn.com

Dr. Sanjay Gupta: Trump has common form of heart disease

Like most men of his age, President Donald Trump has a common form of heart disease, relatively easy to address if he increases the dose of his cholesterol-lowering medication and makes necessary lifestyle changes. Without those changes, the President has a moderate risk of having a heart attack in the next three to five years, according to the Mayo Clinic.

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.

cnn.com

WHITE HOUSE: Flake is criticizing Trump for attention

White House press secretary Sarah Sanders responds to the speech Sen. Jeff Flake (R-AZ) gave on President Trump's treatment of the press, saying the Senator is looking for attention.

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.

politicsNews reuters.com

U.S. senator compares Trump's attacks on media to Stalin

WASHINGTON (Reuters) - U.S. Senator Jeff Flake on Wednesday castigated President Donald Trump for his attacks on the media, comparing his fellow Republican to former Soviet dictator Josef Stalin and charging that Trump inspires modern-day authoritarians.

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.

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...

companyNews reuters.com

RPT-Banks expected to share tiny proportion of mammoth Saudi Aramco IPO

* Bankers jostling for mandates for league table credit, prestige

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.

United States Politics and Government nytimes.com

Arizona’s G.O.P. Senators Assail Trump for His Attacks on the Press

Senator Jeff Flake called President Trump a “figure of suspicion” for his attacks on the press as John McCain called on Congress to protect journalists.

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.

cnn.com

Read Sen. Jeff Flake's speech criticizing Trump

Sen. Jeff Flake (R-Arizona) took to the Senate floor Wednesday to rebuke President Donald Trump for his repeated attacks on the media. Read Flake's speech as it was prepared for delivery:

cnn.com

Senator compares Trump's rhetoric to Stalin

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.

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.

businessNews reuters.com

U.S. approval to close Glencore's HNA deal seen by end-June: sources

LONDON (Reuters) - Swiss trader and miner Glencore expects to secure U.S. approval by the end of June on the U.S. portion of a deal to sell a 51 percent stake in its storage and logistics business to China's HNA Group, sources familiar with the matter said.

businessNews reuters.com

BofA takes one-time tax hit, vows longer term boost

(Reuters) - Bank of America Corp's quarterly profit nearly halved due to tax-related charges, though net income excluding that hit topped estimates and management promised the new U.S. tax system would eventually benefit shareholders.

politicsNews reuters.com

Trump's ex-aide Bannon strikes deal to avoid grand jury testimony: CNN

WASHINGTON (Reuters) - Former White House strategist Steve Bannon has struck a deal to be interviewed by U.S. Special Counsel Robert Mueller's team instead of appearing before a grand jury, CNN reported on Wednesday, citing sources close to Bannon.

businessNews reuters.com

Bitcoin slumps below $10,000, half its peak, as regulatory fears intensify

LONDON/TOKYO (Reuters) - Bitcoin skidded below $10,000 on Wednesday, halving in value from its peak price, with investors gripped by fears regulators could clamp down on the volatile cryptocurrency that sky-rocketed last year.

businessNews reuters.com

Tech stocks lead Wall Street higher; banks drop

(Reuters) - Wall Street's main indexes were lifted by modest gains in technology stocks on Wednesday, led by Microsoft, IBM and Intel.

businessNews reuters.com

Utilities, mining boost 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

Wall Street opens higher as tech stocks gain

(Reuters) - Wall Street's main indexes opened higher on Wednesday, led by gains in technology stocks including Microsoft and IBM.

businessNews reuters.com

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

LONDON (Reuters) - Britain's Rolls-Royce is considering the sale of its commercial marine business, which has been hit by weak demand in offshore oil and gas markets, as part of a restructuring of the company into three core units.

cnn.com

Are there enough House Republicans to keep the government open?

Republican leaders are full speed ahead on a short-term funding bill -- now they just need the votes for it.

cnn.com

Dr. Sanjay Gupta: Trump has heart disease

CNN's Chief Medical Correspondent Dr. Sanjay Gupta weighs in on President Trump's medical exam, saying the numbers provided by Dr. Ronny Jackson prove the president has heart disease.

businessNews reuters.com

UK PM May pressured to safeguard jobs after Carillion's collapse

LONDON (Reuters) - Britain needs to allow more time for firms to take on 8,500 workers whose jobs are threatened by the demise of Carillion, unions said on Wednesday, as Prime Minister Theresa May faced criticism for the way the government outsources public services.

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

Goldman posts first quarterly loss in 6 years on tax hit; trading slumps

(Reuters) - Goldman Sachs Inc on Wednesday posted its first quarterly loss in six years on a huge tax charge but adjusted profit trumped analysts' estimates, as strength in the investment banking business cushioned the blow from a slump in trading.