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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.

Gymnastics nytimes.com

USA Gymnastics Cuts Ties With Karolyi Ranch Training Center

The ranch is one of the places where team doctor Larry Nassar sexually abused several members of the team.

cnn.com

Hope Hicks interview in Russia probe delayed

Hope Hicks' highly anticipated testimony before the House Intelligence Committee was abruptly delayed Thursday amid questions about whether the White House communications director would be able to respond to inquiries about topics after the campaign season, four sources told CNN.

businessNews reuters.com

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.

businessNews reuters.com

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.

businessNews reuters.com

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.

businessNews reuters.com

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.

worldNews reuters.com

Turkey seeks Russian approval for air campaign against Afrin

ANKARA (Reuters) - Turkey dispatched its military chief to Moscow on Thursday, seeking approval for an air campaign in Syria's Kurdish-controlled Afrin region, although Damascus warned it could shoot down any Turkish planes in its skies.

businessNews reuters.com

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.

businessNews reuters.com

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.

businessNews reuters.com

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.

sportsNews reuters.com

Zagitova leads, Russian pairs sweep podium at Europeans

MOSCOW (Reuters) - Twice world champion Evgenia Medvedeva was upstaged by Russian compatriot Alina Zagitova in the short program at the European championships on Thursday as Russians pairs swept the podium on home ice.

businessNews reuters.com

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

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

businessNews reuters.com

CIBC eyes FirstCaribbean valuation around $1.4 billion: sources

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

companyNews reuters.com

BRIEF-GOGL Says Issuance Of New Shares In Connection With Delivery Of Vessel

* GOGL - ISSUANCE OF NEW SHARES IN CONNECTION WITH DELIVERY OF VESSEL

businessNews reuters.com

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.

businessNews reuters.com

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.

businessNews reuters.com

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.

worldNews reuters.com

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.

businessNews reuters.com

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.

businessNews reuters.com

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.

businessNews reuters.com

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.

cnn.com

Graham 'very pleased' with McCain recovery

Sen. Lindsey Graham said Thursday that his close friend, Sen. John McCain, is recovering well from brain cancer.

sportsNews reuters.com

Russia chooses neutral gray for Winter Olympians' outfits

MOSCOW (Reuters) - Russian competitors at next month's Winter Olympics will be kitted out in predominantly gray uniforms with no national markings, in keeping with their status as neutral athletes after the national team was barred over doping allegations.

businessNews reuters.com

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.

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.

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.

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.

companyNews reuters.com

Peugeot 'very open' to alliance in Latin America - CEO

Jan 18 (Reuters) - Peugeot SA is "very open" to a potential alliance in Latin America, the chief executive of the French automaker, Carlos Tavares, said during a media briefing on Thursday.

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.

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.

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.

worldNews reuters.com

Russian police search St Petersburg HQ of opposition leader Navalny

MOSCOW (Reuters) - Russian police searched the campaign headquarters of opposition leader Alexei Navalny in St Petersburg on Thursday ahead of a presidential election on March 18, a video feed streamed live to the Internet by Navalny's supporters showed.

topNews reuters.com

OPEC sees more oil supply from rivals, countering its cuts and Venezuelan woes

LONDON (Reuters) - OPEC has raised its forecast for oil supply from non-member countries in 2018 as higher prices encourage U.S. shale drillers to pump more, offsetting an OPEC-led deal to clear a supply glut and a deepening plunge in Venezuelan production.

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.

PersonalFinance reuters.com

Nursing home study raises questions on Medicare managed care networks

CHICAGO (Reuters) - Managed care is the hot trend in Medicare, with the number of seniors enrolled in Medicare Advantage plans projected to soar over the coming decade. These plans offer simplicity...

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.

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.

companyNews reuters.com

BRIEF-Limelight Networks And Tencent Cloud To Provide Seamless Global Content Delivery

* LIMELIGHT NETWORKS AND TENCENT CLOUD TO PROVIDE SEAMLESS GLOBAL CONTENT DELIVERY

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 .

environmentNews reuters.com

Poland says new EU renewables target very hard to meet

WARSAW (Reuters) - Poland will find it almost impossible to meet an ambitious new target for renewable energy use backed this week by European lawmakers, Energy Minister Krzysztof Tchorzewski said on Thursday.

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.

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.

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.

companyNews reuters.com

Russia's benchmark MOEX stock index climbs to all-time high

MOSCOW, Jan 18 (Reuters) - The Russian benchmark stock index hit an all-time high on Thursday, catching up with the gains of major global peers and buoyed by favourable oil prices.

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.

worldNews reuters.com

Russia starts shipping S-400 air defense missile system to China: TASS cites source

MOSCOW (Reuters) - Russia has started delivering its S-400 surface-to-air missile system to China under the terms of a contract signed in 2014, the TASS news agency cited an unnamed source in the Russian military-industrial complex as saying on Thursday.

nytimes.com

Europe Edition: Angela Merkel, Brexit, Winter Olympics: Your Thursday Briefing

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

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.

Soccer nytimes.com

Eric Wynalda Discusses His Financial Problems — and Everything Else

The former member of the United States national team is taking an aggressive outsider approach in his campaign to be president of U.S. Soccer.

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.

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.

sportsNews reuters.com

Doping: CAS to hear appeals from 39 banned Russians next week

(Reuters) - The cases of 39 Russian athletes given lifetime Olympic bans following doping violations at the 2014 Sochi Games will be heard next week, the Court of Arbitration for Sport (CAS) 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'.

sportsNews reuters.com

Russia's World Cup likely target for Islamic State: U.S. analysis firm

BAGHDAD (Reuters) - The World Cup soccer tournament to be held in Russia in June and July will be an "attractive target" for Islamic State given Russia's role in the territorial defeat of the militant group, the U.K.-based analysis firm, IHS, said on Thursday.

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.

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.

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.

worldNews reuters.com

With eye on Brexit talks, May to deepen security ties with France

LONDON/PARIS (Reuters) - Britain and France will agree on Thursday to deepen security cooperation, a move which Prime Minister Theresa May hopes will win her goodwill in talks on leaving the European Union.

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.

companyNews reuters.com

UPDATE 2-Twitter may notify users exposed to Russian propaganda during 2016 election

WASHINGTON, Jan 17 (Reuters) - Twitter may notify users whether they were exposed to content generated by a suspected Russian propaganda service, a company executive told U.S. lawmakers on Wednesday.

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.

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.

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.

topNews reuters.com

Russia says North Korea summit undermines U.N., aggravates situation

MOSCOW (Reuters) - Russia hit out on Wednesday at a U.S.-led effort to increase international pressure on North Korea, saying it was making the situation worse and undermining the United Nations.

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.

worldNews reuters.com

British lawmakers back Brexit legislation, stiffer tests yet to come

LONDON (Reuters) - British lawmakers voted in favor of the government's legislative blueprint for Brexit on Wednesday, marking a victory for Prime Minister Theresa May over political opponents who want a softer approach to leaving the European Union.

companyNews reuters.com

Facebook widens probe into alleged Russian meddling in Brexit

SAN FRANCISCO, Jan 17 (Reuters) - Facebook Inc said on Wednesday it would conduct a new, comprehensive search of its records for possible propaganda that Russian operatives may have spread during the run-up to Britain's 2016 referendum on EU membership.

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.

sportsNews reuters.com

Holder Fernandez leads at Europeans, French pair upset Russian rivals

MOSCOW (Reuters) - Spain's Javier Fernandez stumbled on a quad Salchow but still took the lead after the short program at the European figure skating championships on Wednesday before French duo Vanessa James and Morgan Cipres upset their Russian rivals in the pairs.

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

UN Palestinian aid agency says US cuts spark worst-ever financial crisis

The UN agency tasked with assisting Palestinian refugees says the Trump administration's decision to cut funds to the organization has sparked its largest-ever financial crisis.

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.

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.

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.

worldNews reuters.com

Farage backs off second Brexit referendum talk as EU says UK still welcome

STRASBOURG (Reuters) - Leading British anti-EU campaigner Nigel Farage rowed back on Wednesday from remarks favoring a second referendum on Brexit, a week after he unleashed a new round of debate and a chorus of invitations from European politicians for Britain to reconsider.

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.

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.

companyNews reuters.com

REFILE-UPDATE 1-Twitter may notify users exposed to Russian propaganda during 2016 election

WASHINGTON, Jan 17 (Reuters) - Twitter may notify users whether they were exposed to content generated by a suspected Russian propaganda service, a company executive told U.S. lawmakers on Wednesday.

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.

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.

companyNews reuters.com

Twitter may notify users exposed to Russian propaganda during 2016 election

WASHINGTON, Jan 16 (Reuters) - Twitter may notify users whether they were exposed to content generated by a suspected Russian propaganda service, a company executive told U.S. lawmakers on Wednesday.

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.

topNews reuters.com

Russia: North Korea summit undermines U.N., aggravates situation

MOSCOW (Reuters) - Russia hit out on Wednesday at a U.S.-led effort to increase international pressure on North Korea, saying it was making the situation worse and undermining the United Nations.

worldNews reuters.com

Russia: Vancouver meeting is aggravating situation around North Korea

MOSCOW (Reuters) - A meeting of 20 countries in the Canadian city of Vancouver to discuss ways to increase pressure on North Korea is making the situation on the Korean peninsula worse, the Russian Foreign Ministry said on Wednesday.

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.

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.

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.

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.

businessNews reuters.com

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

LONDON (Reuters) - Britain's Rolls-Royce said on Wednesday it was 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.

businessNews reuters.com

Goldman Sachs beats estimates as investment banking revenue soars

(Reuters) - Goldman Sachs Inc on Wednesday reported a quarterly profit that trumped analysts' estimates, as strength in its investment banking business helped cushion the blow from a slump in trading.

businessNews reuters.com

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

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

Fashion and Apparel nytimes.com

Kim Jones to Exit Louis Vuitton, Reviving Speculation About What’s Next

As the churn atop fashion houses reaches a new frenzy, the men’s wear designer is being touted for top spots at Burberry and Versace.

businessNews reuters.com

Bitcoin slumps to $10,000, half its peak price, as regulatory fears grow

LONDON/TOKYO (Reuters) - Bitcoin skidded a further 12 percent on Wednesday, marking an almost halving in value from its peak price, with investors spooked by fears regulators could clamp down on the volatile cryptocurrency that skyrocketed last year.

businessNews reuters.com

Futures higher as investors weigh bank earnings

(Reuters) - U.S. stock futures pointed to a higher open for Wall Street on Wednesday as investors assessed earnings of Bank of America and U.S. Bancorp.

worldNews reuters.com

Russia scolds Britain for casting it as an aggressor after jets scrambled

LONDON (Reuters) - Russia scolded Britain on Wednesday for casting it as an aggressor and said Prime Minister Theresa May was more interested in public rhetoric than dealing with the real threats facing the West.

businessNews reuters.com

World shares pull back from record highs, set for second fall of 2018

LONDON (Reuters) - World shares pulled back from record highs on Wednesday, set for only their second day of losses in 2018 as lower commodity prices and a string of downbeat updates from companies dampened the mood in global markets.

businessNews reuters.com

Bank of America profit slumps on $2.9 billion tax charge

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

businessNews reuters.com

U.S. charges Barclays forex trader with fraud

LONDON (Reuters) - The U.S. Department of Justice (DoJ) has charged a Barclays foreign exchange trader over his alleged role in a scheme to defraud a client of the bank, the DoJ said.

businessNews reuters.com

Bitcoin jolted by regulation worries, tumbles 11 percent on extended sell-off

TOKYO/LONDON (Reuters) - Bitcoin skidded more than 11 percent on Wednesday, extending a precipitous downturn in fortunes with investors spooked by fears regulators might clamp down on an asset whose value has skyrocketed in the past year.

companyNews reuters.com

CORRECTED-UPDATE 2-Russia awarded rights to Stolichnaya vodka brand in Benelux

AMSTERDAM, Jan 10 (Reuters) - Russia's state-owned Sojuzplodoimport won a Dutch appeals court ruling on Tuesday giving it the rights to the Stolichnaya vodka brand in Belgium, the Netherlands, and Luxembourg (Benelux) and stripping them from SPI Group's Spirits International.

businessNews reuters.com

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

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

companyNews reuters.com

Carlyle considering IPO to exit Turkey's Penti - sources

ISTANBUL, Jan 17 (Reuters) - U.S. private equity firm Carlyle Group is considering an initial public offering (IPO) of its minority holding in Turkish lingerie and swimsuit retailer Penti, three people familiar with the matter told Reuters.

businessNews reuters.com

Britain needs to give companies more time to save Carillion-linked jobs: union

LONDON (Reuters) - The British government needs to allow more time for firms to take on workers whose jobs are threatened by the collapse of outsourcer Carillion , the head of one of Britain's biggest trade unions said on Wednesday.

businessNews reuters.com

GE appoints new CEO for Europe

(Reuters) - Industrial conglomerate General Electric has appointed Peter Stracar chief executive and president of its European region, the company said in a statement.

businessNews reuters.com

Stocks pull back from record highs, set for second day of losses in new year

LONDON (Reuters) - World shares pulled back from record highs on Wednesday, set for only their second day of losses in the new year as lower commodity prices and a string of downbeat updates from companies dampened the mood in global markets.

worldNews reuters.com

France would 'look with kindess' on UK Brexit change of mind - Macron adviser

PARIS (Reuters) - France would "look with kindness" on a decision by Britain to reverse the course of Brexit and remain in the European Union, an adviser to President Emmanuel Macron said on Wednesday.

businessNews reuters.com

U.S. charges former Barclays forex trader with fraud

LONDON (Reuters) - The U.S. Department of Justice (DoJ) has charged a former Barclays foreign exchange trader over his alleged role in a scheme to defraud a client of the bank, the DoJ said.

worldNews reuters.com

Arson attack rips through office of Russian human rights group

MOSCOW (Reuters) - One of Russia's biggest human rights groups said on Wednesday that one of its offices in southern Russia had been badly damaged in an overnight arson attack, an incident it said was part of a campaign to drive it from the region.

companyNews reuters.com

Russian assets give up gains as oil heads lower

MOSCOW, Jan 17 (Reuters) - The Russian rouble and stock indexes stepped further away from recent multi-month peaks on Wednesday as prices for oil, Russia's key exports, inched lower.

businessNews reuters.com

Asian shares retreat as commodities ease, bitcoin pummeled

TOKYO (Reuters) - Asian equities stepped back from a record high on Wednesday as the region's resource shares were knocked by falling oil and commodity prices while digital currencies tumbled on worries about tighter regulations.

businessNews reuters.com

China luxury sales rebound as millennials snap up cosmetics, handbags: report

SHANGHAI (Reuters) - China's luxury goods market is back in fashion.

businessNews reuters.com

Big U.S. lenders reap benefits of higher rates, but savers not so much

NEW YORK (Reuters) - The U.S. Federal Reserve began steadily raising interest rates one year ago, offering a long-awaited tailwind for bank earnings because lenders can charge borrowers more for loans.

businessNews reuters.com

Bitcoin jolted by regulation worries, falls 7 percent on extended selloff

TOKYO/SINGAPORE (Reuters) - Bitcoin extended its sharp tumble of the past 24 hours, skidding more than seven percent on Wednesday in a rapid downturn in fortunes as investors were spooked by fears regulators might clamp down on an asset whose value has skyrocketed in the past year.

businessNews reuters.com

Exclusive: GM, DHL use a Chinese plant to lead manufacturing change

LIUZHOU, China,  (Reuters) - Inside General Motors Co's vehicle assembly plant in this southern China city, many workers wear the red-and-yellow uniforms of DHL, the logistics company.

businessNews reuters.com

Bitcoin falls more than 7 percent as regulation worries mount

TOKYO (Reuters) - The price of bitcoin extended its sharp tumble of the past 24 hours, dropping more than seven percent on the Bitstamp exchange on Wednesday, spooked by worries regulators may try to clamp down on the highly-volatile trading in the digital currency.

businessNews reuters.com

Japan central bank to keep policy on hold, offer upbeat inflation view

TOKYO (Reuters) - Japan's central bank is set to maintain upbeat price forecasts next week and paint a slightly better picture of the economy than it did three months ago, signaling its conviction the country is making slow but steady progress in eradicating deflation.

cnn.com

WH directed Bannon to avoid answering panel's questions in Russia probe, Schiff says

President Donald Trump's former chief strategist Steve Bannon faced angry lawmakers from both parties during a contentious interview that stretched more than 10 hours on Tuesday, as he was hit with subpoenas on multiple fronts and was accused by a top Democrat of agreeing to a White House "gag order."

worldNews reuters.com

El Salvador eyes work scheme with Qatar for migrants facing exit from U.S.

SAN SALVADOR (Reuters) - El Salvador is discussing a deal with Qatar under which Salvadoran migrants facing the loss of their right to stay in the United States could live and work temporarily in the Middle Eastern country, the government of the Central American nation said on Tuesday.

businessNews reuters.com

Top Walmart executive to be appointed International CEO: source

(Reuters) - Wal-Mart Stores Inc Chief Operating Officer Judith McKenna will take up the role of chief executive of its international unit, according to a source with knowledge of the matter.

domesticNews reuters.com

Police still baffled by discovery of 13 starved, abused siblings

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

businessNews reuters.com

Miramax bid for Weinstein Co. complicates sale process: LA Times

(Reuters) - An attempt by Qatar-owned film company Miramax to buy Weinstein Co. has complicated plans to sell the studio to a group of investors led by former Obama administration official Maria Contreras-Sweet, the Los Angeles Times reported on Tuesday, citing people familiar with the matter.

businessNews reuters.com

Ford gives disappointing outlook, says turnaround to take years

DETROIT (Reuters) - Ford Motor Co on Tuesday estimated financial results for 2017 and 2018 that fell short of investor expectations, in a downbeat forecast that contrasted with a more positive outlook from rival automaker General Motors Co .

businessNews reuters.com

Asian shares dip as commodities ease, bitcoin licks wounds

TOKYO (Reuters) - Asian stocks stepped back from a record high on Wednesday as the region's resource shares were dented by falling oil and commodity prices while digital currencies tumbled on worries about tighter regulations.

worldNews reuters.com

Back Brexit law or risk chaos, British PM May's Conservatives tell lawmakers

LONDON (Reuters) - Prime Minister Theresa May's Conservative Party urged lawmakers to back the government's Brexit legislation at a vote in parliament later on Wednesday, warning opponents that trying to block the plan would bring chaos.

cnn.com

US cuts funding for Palestinians

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

businessNews reuters.com

Automakers, U.S. lawmakers hope for progress on self-driving car bill

DETROIT (Reuters) - Automakers and lawmakers expressed hope on Tuesday that U.S. Congress would soon pass a stalled bill aimed at speeding self-driving cars to market, even as safety advocates argued for more performance requirements.

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

Ford's 2017 profit misses Wall Street estimates

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

businessNews reuters.com

Railroad operator CSX's revenue misses as shipments fall

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

businessNews reuters.com

NYSE to launch new NYSE National exchange in second quarter

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

businessNews reuters.com

Wall St. eases as oil prices, General Electric fall

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

businessNews reuters.com

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

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

businessNews reuters.com

Wells Fargo loses bid to end Philadelphia predatory lending lawsuit

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

businessNews reuters.com

Wall St. eases on lower oil prices

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

Dow hits 26,000 for first time on earnings optimism

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

businessNews reuters.com

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

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

politicsNews reuters.com

Trump says he wants more immigrants from 'everywhere'

WASHINGTON (Reuters) - U.S. President Donald Trump, asked whether he wanted more immigrants from Norway, said on Tuesday that he wanted the United States to draw immigrants from nations around the world.

worldNews reuters.com

World Bank urges Russia to spend more on healthcare, education

MOSCOW (Reuters) - Russia's new government after its March presidential election should invest more in education and healthcare to help spur economic growth, the World Bank's chief executive officer said on Tuesday.

cnn.com

NYT: Mueller subpoenas Bannon in Russia probe

Special counsel Robert Mueller subpoenaed former White House chief strategist Steve Bannon last week, The New York Times reported Tuesday.

businessNews reuters.com

Britain investigates Carillion directors after collapse

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

businessNews reuters.com

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

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

politicsNews reuters.com

Ex-Trump adviser Bannon subpoenaed in special counsel Russia probe

WASHINGTON (Reuters) - Steve Bannon, a former top adviser to U.S. President Donald Trump, has been subpoenaed to testify before a grand jury as part of a special counsel's probe into alleged Russian meddling in the 2016 U.S. presidential election, the New York Times reported on Tuesday.

United States Politics and Government nytimes.com

Bannon Is Subpoenaed in Mueller’s Russia Investigation

The move marks the first time the special counsel is known to have used a grand jury subpoena to seek information from a member of President Trump’s inner circle.

businessNews reuters.com

Equities advance as Dow tops 26,000, dollar steadies

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

businessNews reuters.com

Dow briefly tops 26,000 mark

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

German strikes spread to Daimler, union mulls escalation

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

businessNews reuters.com

GE to take $6.2 billion hit from insurance portfolio

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

businessNews reuters.com

Dow breaches 26,000 mark on robust earnings reports

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

businessNews reuters.com

Dow hits 26,000 for first time

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

worldNews reuters.com

Syrian opposition calls on Trump and EU to put pressure on Russia and Iran

LONDON (Reuters) - U.S. President Donald Trump and European Union leaders should increase the pressure on President Bashar al-Assad and his allies Russia and Iran to return to talks to end Syria's civil war, Syria's chief opposition negotiator said on Monday.

businessNews reuters.com

Shares stay on record run as metals skid

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

businessNews reuters.com

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

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

healthNews reuters.com

UK drugs regulator plays down Brexit disruption threat

LONDON (Reuters) - Britain's drugs regulator said on Tuesday it would work to minimize disruption caused by the country leaving the European Union and spelt out plans to allay some of the worst fears of pharmaceutical companies.

environmentNews reuters.com

Russia readies supercomputer to improve World Cup weather forecasts

MOSCOW (Reuters) - Russia is setting up a supercomputer meant to improve weather forecasts ahead of this year's soccer World Cup finals, the authorities said on Tuesday.