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topNews reuters.com

U.S. government shutdown looms amid harsh immigration exchange

WASHINGTON (Reuters) - Partisan finger-pointing over immigration policy on Tuesday left the U.S. Congress and the White House stumbling closer to a possible federal government shutdown by the end of the week, although Wall Street held out hopes for a deal to prevent that.

technologyNews reuters.com

Bitcoin, other cryptocurrencies tumble on government crackdown worries

LONDON/NEW YORK (Reuters) - Bitcoin slid as much as 18 percent on Tuesday to a four-week low, as worries about a regulatory crackdown on the market spread after reports suggested it was still possible that South Korea could ban trading in cryptocurrencies.

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.

technologyNews reuters.com

Bitcoin, other cryptocurrencies tumble on govt crackdown worries

LONDON/NEW YORK (Reuters) - Bitcoin slid as much as 18 percent on Tuesday to a four-week low, as worries about a regulatory crackdown on the market spread after reports suggested it was still possible that South Korea could ban trading in cryptocurrencies.

businessNews reuters.com

Britain investigates Carillion directors after collapse

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

businessNews reuters.com

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

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

businessNews reuters.com

Equities advance as Dow tops 26,000, dollar steadies

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

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.

companyNews reuters.com

UPDATE 2-South Africa wants McKinsey and firm linked to Zuma's friends to repay $130 mln

* Opposition says Zuma should be charged over state corruption

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.

companyNews reuters.com

Goldman's commodities revenue fell 75 pct in 2017 - Bloomberg

Jan 16 (Reuters) - Goldman Sachs Group Inc is expected to report a 75 percent fall in 2017 commodities trading revenue to its lowest on record, hurt by losses in gas and power, Bloomberg News reported on Tuesday.

companyNews reuters.com

BRIEF-Goldman's Commodity Revenue Drops 75 pct In 2017 - Bloomberg

* GOLDMAN SACHS GROUP INC'S COMMODITIES UNIT NET REVENUES FELL ABOUT 75 PERCENT IN 2017 - BLOOMBERG CITING SOURCES Source text: https://bloom.bg/2FH5euH Further company coverage:

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.

topNews reuters.com

Bitcoin, rival cryptocurrencies plunge on crackdown fears

LONDON (Reuters) - Bitcoin slid as much as 18 percent on Tuesday to a four-week low, as fears of a regulatory crackdown on the market spread after reports suggested it was still possible that South Korea could ban trading in cryptocurrencies.

cnn.com

Analysis: 5 indisputable realities of a looming shutdown

If Congress does nothing, the federal government will shut down Friday night.

businessNews reuters.com

Dow hits 26,000 for first time

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

businessNews reuters.com

Shares stay on record run as metals skid

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

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.

businessNews reuters.com

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

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

companyNews reuters.com

BRIEF-Cray Sees Fy 2017 Revenue About $390 Million

* CRAY- ESTIMATES IMPACT OF TAX CUTS AND JOBS ACT WILL RESULT IN REDUCTION TO CO'S GAAP EARNINGS FOR Q4, YEAR ENDED DEC 31, 2017 IN RANGE OF $30-35 MILLION Source text for Eikon: Further company coverage:

businessNews reuters.com

Citi profit tops estimates; books $22 billion tax charge

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

cnn.com

4 South Carolina officers shot after domestic violence call

A man shot and injured four law enforcement officers late Monday and early Tuesday near a South Carolina home, a sheriff's spokesman said, after deputies initially were called there for a complaint of domestic violence.

domesticNews reuters.com

Four South Carolina police wounded exchanging gunfire with suspect

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

businessNews reuters.com

Dow on track to top 26,000 at open

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

environmentNews reuters.com

Without rain, South Africa's Cape Town may run out of water by April

CAPE TOWN (Reuters) - South Africa's Cape Town, one of the world's iconic tourist destinations, could run out of water by April as the city's worst drought in a century risks forcing residents to join queues for emergency rations.

businessNews reuters.com

GE to take $6.2 billion charge in its finance arm

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

nytimes.com

Government Shutdown, California, Dolores O’Riordan: Your Tuesday Briefing

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

sportsNews reuters.com

Cycling: Greipel claims emotional Tour Down Under stage win

(Reuters) - German Andre Greipel snatched his 148th professional victory when he claimed an emotional win in the Tour Down Under opening stage on Tuesday.

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

Shares stay on record run, metals suffer meltdown

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

companyNews reuters.com

GLOBAL MARKETS-Shares stay on record run, metals suffer meltdown

LONDON, Jan 16 (Reuters) - Asia and Europe's big bourses kept world shares on their record-breaking run on Tuesday, though a steadier dollar halted the sizzling start to the year for the euro, yen and yuan and sent metals markets sprawling.

cnn.com

The South prepares for wintry mix of snow and ice

Snow and ice are coming to Southern states that aren't so accustomed to seeing such frosty conditions.

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

worldNews reuters.com

South Korean charged with murder of wife, son at Hong Kong Ritz-Carlton

HONG KONG (Reuters) - A South Korean man was formally charged on Tuesday with murdering his wife and six-year-old son at the five-star Ritz-Carlton hotel in Hong Kong.

sportsNews reuters.com

Plan for joint Olympics team with North gets icy reception in South Korea

SEOUL (Reuters) - While Seoul forges ahead with plans to use the upcoming Winter Olympics to showcase inter-Korean unity, some South Korean athletes are "furious" at proposals to form joint teams with North Koreans, highlighting a broader lack of enthusiasm for some of the government’s peace-making plans.

technologyNews reuters.com

JD.com widens Southeast Asia presence by investing in Vietnam's Tiki.vn

BEIJING (Reuters) - Chinese online retailer JD.com Inc has made an investment in Vietnamese e-commerce firm Tiki.vn, expanding its Southeast Asia business amid growing competition in the region from Alibaba Group Holding Ltd and Amazon.com Inc.

companyNews reuters.com

UPDATE 1-JD.com widens Southeast Asia presence by investing in Vietnam's Tiki.vn

* JD.com co-leads investment in Tiki.vn with Vietnam's VNG Corp

businessNews reuters.com

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

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

businessNews reuters.com

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

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

worldNews reuters.com

Japan investigates how to evacuate citizens from South Korea in crisis: report

TOKYO (Reuters) - Japan is examining how to evacuate its roughly 60,000 citizens from South Korea in the event of a crisis that closes airports, with military ships being used as shuttles, a Japanese newspaper reported on Tuesday.

United States Politics and Government nytimes.com

As Shutdown Talk Rises, Trump’s Immigration Words Pose Risks for Both Parties

The fight over President Trump’s vulgar comment is exposing divisions in both parties, raising the risk of a government shutdown with unknown political consequences.

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

China consumer group seeks answers from Apple about slowing iPhones

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

nytimes.com

Donald Trump, North Korea, Martin Luther King Jr.: Your Evening Briefing

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

companyNews reuters.com

BRIEF-Vermilion Energy Announces Acquisition Of Oil Assets In Southeast Saskatchewan And Southwest Manitoba

* VERMILION ENERGY INC. ANNOUNCES ACQUISITION OF OIL ASSETS IN SOUTHEAST SASKATCHEWAN AND SOUTHWEST MANITOBA

businessNews reuters.com

Major automakers urge Trump administration: don't ditch NAFTA

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

businessNews reuters.com

Fiat Chrysler CEO says no plans to sell brands to Chinese

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

cnn.com

Congress' to-do list: Avoid a shutdown, search for DACA fix

Back after a long holiday weekend, lawmakers must reach an agreement on a budget plan before the Friday deadline when government funding runs out, but demands from each side of the aisle are impeding progress on negotiations.

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

Fiat Chrysler boss says no plans to break up company

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

businessNews reuters.com

Bidder for the Weinstein Company says bankruptcy may be best option

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

businessNews reuters.com

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

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

businessNews reuters.com

Ryanair wants to buy parts of Austrian airline Niki

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

worldNews reuters.com

Ugandan lawyers seek to quash Museveni 'president for life' law

KAMPALA (Reuters) - Uganda's leading lawyers sought on Monday to overturn a law that critics say would allow incumbent leader Yoweri Museveni to effectively become president for life.

worldNews reuters.com

Erdogan: we will 'strangle' U.S.-backed force in Syria "before it's even born"

BEIRUT/ISTANBUL (Reuters) - Turkey's Tayyip Erdogan threatened on Monday to "strangle" a planned 30,000-strong U.S.-backed force in Syria "before it's even born," as Washington's backing for Kurdish fighters drove a wedge into relations with one of its main Middle East allies.

businessNews reuters.com

Carillion collapse hits banks and investors, boosts short sellers

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

businessNews reuters.com

Britain's Carillion collapses after banks pull the plug

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

businessNews reuters.com

America Last? EU says Trump is losing on trade

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

cnn.com

We're 5 days away from a shutdown, and there are more questions than answers

President Donald Trump -- with the quiet, but strong support of congressional Republican leaders -- has rejected the lone bipartisan proposal on the table to address the expiring Deferred Action for Childhood Arrivals program.

businessNews reuters.com

UK government seeks to limit damage after Carillion collapses

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

businessNews reuters.com

Airbus wins 2017 order race after last-gasp sales spree

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

businessNews reuters.com

BMW optimistic on favorable outcome to NAFTA talks

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

topNews reuters.com

Erdogan: we will 'strangle' U.S.-backed force in Syria 'before it's even born'

BEIRUT/ISTANBUL (Reuters) - Turkey's Tayyip Erdogan threatened on Monday to "strangle" a planned 30,000-strong U.S.-backed force in Syria "before it's even born," as Washington's backing for Kurdish fighters drove a wedge into relations with one of its main Middle East allies.

businessNews reuters.com

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

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

cnn.com

ICE pledges immigration crackdown on businesses. Here's what it looks like

sportsNews reuters.com

South Korea's speed skaters face tough competition on home ice

(Reuters) - Picking up medals on the fast ice of the Gangneung Oval at the Winter Olympics could be a tall order for South Korea's speed skaters, according to Dutchman Bob de Jong, who is assistant coach of the hosts' national team.

businessNews reuters.com

Investors see few silver linings in Carillion collapse

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

technologyNews reuters.com

Samsung aims to double Africa's share of its revenues in five years

NAIROBI (Reuters) - South Korea's Samsung Electronics plans to double the annual revenue contribution from its African markets to 20 percent of the firm's global total in the next five years, the head of its business on the continent said on Monday.

businessNews reuters.com

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

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

companyNews reuters.com

UPDATE 1-Brazil's GPA posts revenue gains, but food deflation weighs

SAO PAULO, Jan 15 (Reuters) - Brazilian food retailer GPA SA said on Monday its fourth quarter net revenue rose 6.8 percent from last year to 12.5 billion reais ($3.91 billion) as a nascent consumer recovery boosted sales, although food deflation limited gains.

worldNews reuters.com

North Korean orchestra to perform in South during Olympics amid easing tensions

SEOUL (Reuters) - North Korea agreed during rare talks on Monday to send a 140-strong orchestra to perform during the Winter Olympics in South Korea next month, Seoul said, amid easing tensions after a months-long standoff over the North's weapons programs.

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

worldNews reuters.com

Johnson fears 'waste of time' watered-down Brexit - report

LONDON (Reuters) - Foreign minister Boris Johnson has told friends he is worried that Britain will accept a Brexit deal that leaves it subordinate to Brussels, making the 2016 EU referendum a "total waste of time", the Sun newspaper reported on Monday.

businessNews reuters.com

Euro hits three-year high as Europe leads global optimism

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

sportsNews reuters.com

North Korean orchestra could be music to the ears of Olympic organizers in South

SEOUL (Reuters) - South Korea is expecting a large North Korean delegation at next month's Winter Olympics, likely including the country's main symphony orchestra, the governor for the Games' host province said on Monday, as relations appear to start hitting the right note.

businessNews reuters.com

Airbus aims to seize jet production crown from Boeing in 2020

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

businessNews reuters.com

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

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

cnn.com

South Africa to formally protest Trump's remarks

South Africa will issue a diplomatic protest to the United States Monday over US President Donald Trump's "shithole countries" comments, according to its foreign ministry.

worldNews reuters.com

Koreas agree to hold Olympics talks on Wednesday, Seoul says

SEOUL (Reuters) - North and South Korea agreed to hold working talks on Wednesday on the North sending athletes to next month's Winter Olympics in the South, Seoul's unification ministry said, as months-long tensions over the North's weapons programs ease.

businessNews reuters.com

Britain's Carillion collapses, forcing government to step in

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

businessNews reuters.com

European shares pause for breath; Carillion rivals gain

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

businessNews reuters.com

Toymaker Lego teams up with Chinese internet giant Tencent

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

worldNews reuters.com

North Korea requests talks on Olympics with South on Jan. 17: South Korea

SEOUL (Reuters) - North Korea has requested working talks on sending its athletes to the Pyeongchang Winter Olympics be held on Jan. 17 at the truce village of Panmunjom, the South's unification ministry said in a mobile text message.

businessNews reuters.com

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

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

cnn.com

North and South Korea to meet again

High-level officials from North and South Korea are meeting again Monday -- a follow-up to last week's diplomatic breakthrough.

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

Asia shares hit historic highs, dollar slips anew

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

businessNews reuters.com

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

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

Football nytimes.com

Vikings Shock Saints on Last-Second Touchdown by Stefon Diggs

The Vikings gave up a 17-0 lead before Case Keenum found Diggs open on the final play of the game.

cnn.com

Trump: I don't know if there will be a shutdown

President Donald Trump defended himself Sunday night after several days of controversy over his remarks about African countries, telling reporters, "I am not a racist."

technologyNews reuters.com

South Korea says planned ban on cryptocurrency market not yet finalized

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

Asia shares hit historic high, dollar on defensive

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

businessNews reuters.com

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

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

cnn.com

Pope faces tensions on South America trip

Pope Francis' trip to South America this week is supposed to be all about peace, unity and hope. But the pontiff could also be welcomed with protests, threats of violence and controversy over allegations of abuses by the Catholic Church.

businessNews reuters.com

VW brand car sales hit 6.23 million record in 2017

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

environmentNews reuters.com

Strong earthquake in southern Peru leaves one dead, scores injured

LIMA (Reuters) - A strong magnitude-7.1 earthquake struck the coast of southern Peru on Sunday morning, killing one person, injuring scores and causing homes and roads to collapse.

companyNews reuters.com

UPDATE 7-Strong earthquake in southern Peru leaves one dead, scores injured

LIMA, Jan 14 (Reuters) - A strong magnitude-7.1 earthquake struck the coast of southern Peru on Sunday morning, killing one person, injuring scores and causing homes and roads to collapse.

topNews reuters.com

FCC says government officials must work to prevent false alerts

(Reuters) - The chairman of the U.S. Federal Communications Commission said on Sunday that Hawaii apparently did not have adequate safeguards in place to prevent a false emergency alert and that government officials must work to prevent future incidents.

environmentNews reuters.com

Strong earthquake in southern Peru leaves one dead, dozens injured

LIMA (Reuters) - A strong magnitude 7.1 earthquake struck the coast of southern Peru on Sunday morning, leaving one dead and several dozen injured while causing homes and roads to collapse.

companyNews reuters.com

UPDATE 6-Strong earthquake in southern Peru leaves one dead, dozens injured

LIMA, Jan 14 (Reuters) - A strong magnitude 7.1 earthquake struck the coast of southern Peru on Sunday morning, leaving one dead and several dozen injured while causing homes and roads to collapse.

environmentNews reuters.com

Strong earthquake in southern Peru leaves two dead, 17 missing

LIMA (Reuters) - A strong magnitude 7.1 earthquake struck the coast of southern Peru on Sunday morning, leaving two dead, 17 missing and several dozen injured, while causing homes and roads to collapse.

companyNews reuters.com

UPDATE 5-Strong earthquake in southern Peru leaves two dead, 17 missing

LIMA, Jan 14 (Reuters) - A strong magnitude 7.1 earthquake struck the coast of southern Peru on Sunday morning, leaving two dead, 17 missing and several dozen injured, while causing homes and roads to collapse.

environmentNews reuters.com

Strong earthquake in southern Peru leaves one dead, 20 injured

LIMA (Reuters) - A strong earthquake struck the coast of southern Peru on Sunday morning, the U.S. Geological Survey (USGS) said, leaving one dead and around 20 injured and causing homes and roads to collapse.

companyNews reuters.com

UPDATE 4-Strong earthquake in southern Peru leaves one dead, 20 injured

LIMA, Jan 14 (Reuters) - A strong earthquake struck the coast of southern Peru on Sunday morning, the U.S. Geological Survey (USGS) said, leaving one dead and around 20 injured and causing homes and roads to collapse.

worldNews reuters.com

South Africa protests to U.S. embassy over Trump "shithole" remark

JOHANNESBURG (Reuters) - South Africa has protested to the U.S. embassy in Pretoria about reported remarks by U.S. President Donald Trump that some immigrants from Africa and Haiti come from "shithole" countries.

businessNews reuters.com

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

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

worldNews reuters.com

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

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

environmentNews reuters.com

Strong earthquake hits coast of southern Peru, minor damage reported

LIMA (Reuters) - A strong earthquake struck the coast of southern Peru on Sunday morning, the U.S. Geological Survey (USGS) said, causing damage to some homes, collapsing roads and injuring around 20 people.

businessNews reuters.com

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

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

environmentNews reuters.com

Strong earthquake hits coast of southern Peru, no damage reported

LIMA (Reuters) - A strong earthquake struck the coast of southern Peru on Sunday morning, the U.S. Geological Survey (USGS) said.

environmentNews reuters.com

Magnitude 7.3 earthquake hits 124 km southwest of Puquio, Peru: USGS

(Reuters) - An earthquake with a magnitude of 7.3 struck about 124 km southwest of Puquio, Peru, on Sunday, the U.S. Geological Survey (USGS) said.

worldNews reuters.com

Hong Kong police arrest South Korean suspected of murdering wife, son at Ritz-Carlton

HONG KONG (Reuters) - Hong Kong police arrested a South Korean man on suspicion of murder on Sunday after his wife and seven-year-old son were found dead in a room at the five star Ritz-Carlton hotel.

businessNews reuters.com

Ford unveils future Ranger pickup for segment rivals dominate

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

GM executives defend NAFTA, Mexican truck plant

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

H & M Hennes & Mauritz AB nytimes.com

H&M Closes Stores in South Africa Amid Protests Over ‘Monkey’ Shirt

Outrage over a photograph of a black child modeling a sweatshirt with the words “coolest monkey in the jungle” led to protests in several cities.

cnn.com

Hawaii's chill lifestyle was turned upside down after an incoming missile alert was mistakenly sent

Residents of Hawaii and folks on holiday glanced at their phones Saturday morning and were greeted by an ominous message.

cnn.com

H&M closes South Africa stores amid protests

Immigration and Emigration nytimes.com

Migrants Fleeing to Canada Learn Even a Liberal Nation Has Limits

As the Trump administration clamps down on immigration, asylum-seekers are discovering that Canada is not quite the “Promised Land” some had hoped for.

businessNews reuters.com

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

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

businessNews reuters.com

Airbus says in talks to end German Eurofighter investigation

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

sportsNews reuters.com

Paisley holds one-shot lead in South African Open

JOHANNESBURG (Reuters) - Chris Paisley of England carded a round of 70 on Saturday to hold a one-stroke lead going into the final round of the European Tour’s South African Open at the Glendower Golf Club.

businessNews reuters.com

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

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

businessNews reuters.com

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

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

Labor and Jobs nytimes.com

In a Tight Labor Market, Even Inmates Are Landing Jobs

A shortage of candidates is providing opportunities to people long shunned by employers and is forcing recruiters to consider new approaches to hiring.

businessNews reuters.com

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

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

Abortion nytimes.com

Push to End South Korea Abortion Ban Gains Strength, and Signatures

While the country’s ban on abortion is rarely enforced, the procedure is illegal with just a few exceptions, putting women at risk of prosecution and creating a culture of shame, activists say.

cnn.com

History of government shutdowns in 1 chart

topNews reuters.com

South Korea and North Korea to hold working-level talks on January 15

SEOUL (Reuters) - North Korea and South Korea have agreed to hold working-level talks at the Tongil Pavilion on the North Korean side of the truce village of Panmunjom on Jan. 15, South Korea's unification ministry said in a statement on Saturday.

worldNews reuters.com

South Africa to target investment, graft under new ANC leader

EAST LONDON, South Africa (Reuters) - South Africa wants to attract foreign investors to help it kick-start economic growth and eradicate poverty and will crack down on corruption, the new leader of the ruling African National Congress said on Saturday.

businessNews reuters.com

Air France denies involvement in bid to take over Alitalia

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

environmentNews reuters.com

Magnitude 6.0 quake hits southeast of Solomon Islands - USGS

(Reuters) - An earthquake with a magnitude of 6.0 struck about 158 km (100 miles) southeast of the Solomon Islands in the Pacific on Saturday, the U.S. Geological Survey (USGS) said.

topNews reuters.com

South Korea and North Korea to hold working-level talks on January 15: Yonhap

SEOUL (Reuters) - North Korea and South Korea have agreed to have working-level talks on Jan. 15 at the Tongil Pavilion on the North Korean side of the truce village of Panmunjom, news agency Yonhap reported.

worldNews reuters.com

South Africa 'open for investment', new ANC leader Ramaphosa says

EAST LONDON, South Africa (Reuters) - South Africa is open for investment and wants to offer policy certainty as it seeks to increase economic growth and eradicate poverty, the new leader of the ruling African National Congress said on Saturday.

worldNews reuters.com

China urges hotels to review websites as 'country' crackdown grows

SHANGHAI (Reuters) - China's tourism authority has urged accommodation companies to review their websites and apps to fix what Beijing deems to be inaccurate labeling of Taiwan or other Chinese-claimed territories as countries.

businessNews reuters.com

Wall Street hits new highs on earnings optimism, data

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

businessNews reuters.com

Indonesia central bank warns over cryptocurrencies

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

businessNews reuters.com

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

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

sportsNews reuters.com

South Korea says North Korea suggested talks to send performance group to winter olympics

SEOUL (Reuters) - South Korea's unification ministry said on Saturday that North Korea has proposed working-level talks on the prospects of sending its performance 'art' group to the winter olympics held in the South.

sportsNews reuters.com

Golf: McIlroy downplays heart scare, says 'nothing to worry about'

(Reuters) - Four times major champion Rory McIlroy has taken to social media to downplay a report that he suffered a "heart scare" in 2016.

Personal Finances nytimes.com

Your Money Adviser: Pay Down Those Credit Cards, Before Rates Rise Further

With the holidays behind us, now is the moment to wipe out balances — before interest rates continue their climb.

sportsNews reuters.com

North Korea says IOC is considering South Korea's proposal for united women's hockey team: Yonhap

SEOUL (Reuters) - North Korea's International Olympics Committee (IOC) official said it is considering South Korea's proposal for a united female hockey team, Yonhap news agency reported on Saturday.

Colleges and Universities nytimes.com

Black Colleges Swept Up in For-Profit Crackdown Find Relief From DeVos

The United Negro College Fund has been among the most vocal critics of Obama-era student borrower protections, saying they threaten the viability of its 37 member institutions.

cnn.com

Black ice sends man sliding down driveway

HLN's Erica Hill speaks with Tim Besecker, the Virginia man whose video of him sliding down an icy driveway has gone viral.

businessNews reuters.com

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

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

nytimes.com

Trump, Haiti, London: Your Friday Evening Briefing

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

businessNews reuters.com

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

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

Egypt nytimes.com

The Saturday Profile: Cairo’s Lawsuit King Sues Actors, Belly Dancers, Even Puppet Shows

An Egyptian lawyer’s prolific lawsuits seek to punish those he deems to offend Egypt’s morality or its president.

businessNews reuters.com

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

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

businessNews reuters.com

Viacom, CBS not in active merger discussions: sources

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

companyNews reuters.com

RPT-EMERGING MARKETS-Brazil stocks brush off S&P downgrade; Mexican peso recovers

(Repeats with no change to headline or text) By Bruno Federowski SAO PAULO, Jan 12 (Reuters) - Brazil's benchmark index remained flat on Friday to hew close to its recent record high, shrugging off a sovereign ratings downgrade by Standard & Poor's, while Mexico's peso gained on market optimism that key trade talks will continue. S&P on Thursday cut Brazil's credit rating deeper into junk territory as doubts grew about a presidential election in October and a push to trim its costl

companyNews reuters.com

EMERGING MARKETS-Brazil stocks brush off S&P downgrade; Mexican peso recovers

(Updates prices, adds details on Mexican peso) By Bruno and Federowski SAO PAULO, Jan 12 (Reuters) - Brazil's benchmark index remained flat on Friday to hew close to its recent record high, shrugging off a sovereign ratings downgrade by Standard & Poor's, while Mexico's peso gained on market optimism that key trade talks will continue. S&P on Thursday cut Brazil's credit rating deeper into junk territory as doubts grew about a presidential election in October and a push to trim its

businessNews reuters.com

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

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

businessNews reuters.com

Viacom, CBS not in active discussions: sources

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

businessNews reuters.com

MoneyGram opens office in Brussels

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

businessNews reuters.com

Wall St. hits new highs on earnings optimism, data

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

Wall St. scales record highs on earnings optimism, data

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

CVS plans to keep Aetna's headquarters in Connecticut

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

businessNews reuters.com

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

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

businessNews reuters.com

Mnuchin sees $1 trillion revenue growth from tax overhaul

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

companyNews reuters.com

UPDATE 1-South Korea seeks trade sanctions on US as disputes pile up

GENEVA, Jan 12 (Reuters) - South Korea has asked the World Trade Organization for authorisation to impose annual trade sanctions worth at least $711 million on the United States, a filing published by the World Trade Organization showed on Friday.

cnn.com

Trump ignores questions at MLK event

President Donald Trump appears to ignore questions from the press at the White House amid backlash over his "shithole countries" remark.

businessNews reuters.com

Wall Street surges as consumer and bank stocks gain

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