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companyNews reuters.com

UPDATE 4-Citigroup reports $18 bln loss on one-time tax items

Jan 16 (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.

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.

Tax Cuts and Jobs Act (2017) nytimes.com

Banks are Big Winners from Tax Cut

Financial firms are benefiting from the $1.5 trillion tax cut and make up the majority of companies so far handing out raises and bonuses as a result of the bill.

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.

PersonalFinance reuters.com

Be a money superhero and cosplay on a budget

NEW YORK (Reuters) - If you ever happen to run into Burbank’s Mark Chu-Lin, he might not respond if you call out to him by name.

politicsNews reuters.com

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

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

companyNews reuters.com

Cheniere signs 15-year LNG supply pact with trader Trafigura

Jan 16 (Reuters) - U.S. natural gas producer Cheniere Energy Inc said on Tuesday Singapore-based commodity trader Trafigura Pte Ltd would buy about 1 million tonnes of natural gas per year from its unit for 15 years, starting 2019.

companyNews reuters.com

BRIEF-Citigroup Q4 2017 Adj Shr $1.28

* CITIGROUP QTRLY REPORTED LOSS PER SHARE $7.15; QTRLY ADJUSTED EARNINGS PER SHARE $1.28; QTRLY REVENUE $17.26 BILLION VERSUS $17.01 BILLION

PersonalFinance reuters.com

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

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

technologyNews reuters.com

Qatar central bank to consider topic of virtual currencies: governor

DOHA (Reuters) - Qatar's central bank will consider the topic of virtual currencies and there may be an opportunity in the future to introduce them in Qatar, central bank governor Sheikh Abdullah bin Saud al-Thani said on Tuesday.

PersonalFinance reuters.com

Activist fund Elliott urges changes to Bezeq Telecom board

TEL AVIV (Reuters) - Activist investor Elliott called for sweeping changes to the board of Bezeq Israel Telecom as it disclosed it has a 4.8 percent stake in the company, which has been under...

New York City nytimes.com

New York Today: New York Today: The Warmest Spot in the City

Tuesday: A tropical bubble on the Upper West Side, Broadway week, and the anniversary of Roe v. Wade.

technologyNews reuters.com

Qatar central bank chief: will consider issue of virtual currencies

DOHA (Reuters) - Qatar's central bank will consider the issue of virtual currencies and there may be opportunity in future to introduce them in Qatar, central bank governor Sheikh Abdullah bin Saud al-Thani said on Tuesday.

Vaccination and Immunization nytimes.com

After a Debacle, How California Became a Role Model on Measles

Changing minds on vaccination is very difficult, but it isn’t so important when a law can change behavior.

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.

companyNews reuters.com

BRIEF-Halma Sees positive impact to adj profit from U.S Tax Reform

* EXPECTS US TAX CUTS AND JOBS ACT TO POSITIVELY IMPACT FUTURE US AFTER TAX ADJUSTED EARNINGS

worldNews reuters.com

Canadian suspect in Singapore bank robbery faces UK court on extradition

SINGAPORE/LONDON (Reuters) - A Canadian man suspected of a rare bank robbery in Singapore in 2016 faces a court appearance in Britain on Thursday after he was detained on a extradition request from Singapore.

companyNews reuters.com

UPDATE 1-HNA's problems mount as airlines delay payments, bank sets up team to handle debt-sources

SHANGHAI/SINGAPORE, Jan 15 (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.

Banking and Financial Institutions nytimes.com

Democrats Add Momentum to G.O.P. Push to Loosen Banking Rules

The Senate is poised to approve significant changes to the post-crisis financial law. Some moderate Democrats are supporting the effort, even as their progressive colleagues warn that it’s too risky.

Prisons and Prisoners nytimes.com

Op-Ed Contributor: Governor Cuomo: The Way to a More Just New York State

A new bill will close the gap between what our criminal justice system says and what it does.

companyNews reuters.com

UPDATE 2-HSH Nordbank suitors J.C. Flowers and Cerberus to begin exclusive talks

* Bid topped 700 mln euros -source (Adds detail on consortium)

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

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.

companyNews reuters.com

Brazilian digital bank Inter hires banks for IPO -source

SAO PAULO, Jan 15 (Reuters) - Brazilian digital bank Intermedium SA has hired banks for an initial public offering that should take place in the second quarter of the year, one source with knowledge of the matter said on Monday.

companyNews reuters.com

UPDATE 6-Britain's Carillion collapses after banks pull the plug

* Carillion won state contracts since July profit warning (Adds industry reaction, detail)

companyNews reuters.com

UPDATE 1-HSH Nordbank suitors J.C. Flowers and Cerberus to begin exclusive talks

* Bid topped 700 mln euros -source (Adds detail on bid, rivals)

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.

companyNews reuters.com

UPDATE 5-Britain's Carillion collapses after banks pull the plug

* Carillion won state contracts since July profit warning (Adds background)

technologyNews reuters.com

Any rule on Bitcoin must be global, Germany's central bank says

FRANKFURT (Reuters) - Any attempt to regulate cryptocurrencies such as Bitcoin must be on a global scale as national or regional rules would be hard to enforce on a virtual, borderless community, a director at Germany's central bank said on Monday.

companyNews reuters.com

J.C. Flowers, Cerberus enter exclusive talks over HSH Nordbank buy-sources

BERLIN/FRANKFURT, Jan 15 (Reuters) - The state owners of Germany's HSH Nordbank on Monday granted prospective buyers J.C. Flowers and Cerberus exclusivity as long-running attempts to privatise the ailing bank near conclusion, two people close to the matter said.

companyNews reuters.com

BRIEF-Citigroup Says "Expanded On Efforts To Assess Pay At Citi When Comparing Women To Men, And US Minorities To Non-Minorities" - Memo‍​

* CITIGROUP SAYS, IN MEMO TO STAFF, "EXPANDED ON EFFORTS TO ASSESS PAY AT CITI WHEN COMPARING WOMEN TO MEN, AND US MINORITIES TO NON-MINORITIES"‍​

PersonalFinance reuters.com

Hedge funds intensify bearish dollar, U.S. bond bets: McGeever

LONDON (Reuters) - The direction fast money is flowing at the start of the year could not be clearer as hedge funds and speculators ramp up their bets on a lower dollar and higher U.S. bond yields.

companyNews reuters.com

JP Morgan hires Papadopoulos to head Greece investment banking

LONDON, Jan 15 (IFR) - JP Morgan has hired the former head of Greece's debt management agency, Stelios Papadopoulos, to head its investment banking business in Greece, according to an internal memo seen by IFR.

technologyNews reuters.com

Auto1 says no need for IPO after Softbank invests

BERLIN (Reuters) - German used-car dealing platform Auto1 said a 460 million euro ($561 million) financial infusion from Japan's Softbank meant it was under no pressure to launch an initial public offering to fund its pan-European growth plans.

companyNews reuters.com

UPDATE 1-Auto1 says no need for IPO after Softbank invests

* Auto1 operates in 30 countries, with 35,000 dealers (Updates with interview with co-founder, background)

companyNews reuters.com

UPDATE 2-Britain's Carillion collapses as banks refuse to lend it any more money

* PM May's government under pressure over fate of Carillion (Adds details)

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.

companyNews reuters.com

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

SHANGHAI/SINGAPORE, Jan 15 (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.

companyNews reuters.com

Nikkei rises but weaker dollar caps gains, SoftBank climbs

TOKYO, Jan 15 (Reuters) - Japan's Nikkei share average tracked a rise in global equities and advanced on Monday, although the dollar's weakening against the yen capped gains.

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.

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.

nytimes.com

Editorial: Some Bright Hopes for New York’s Schools

The city has trained a generation of highly capable administrators, and some would be excellent candidates for the top job.

Hurricane Maria (2017) nytimes.com

How a Team of New York City Inspectors Helped Puerto Rico After Maria

Almost 300 city workers have been deployed to the island since the hurricane, including a team of inspectors that helped San Juan map damages to thousands of buildings.

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.

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.

technologyNews reuters.com

Softbank plans $18 billion IPO of mobile phone unit as soon as spring: Nikkei

TOKYO (Reuters) - SoftBank Group Corp plans to list its core mobile-phone unit in Tokyo and overseas as early as this spring, raising some 2 trillion yen ($18 billion) in one of Japan's biggest initial public offerings, the Nikkei newspaper said on Monday.

technologyNews reuters.com

Softbank invests 460 million euros in Germany's Auto1: sources

BERLIN (Reuters) - Japan's Softbank will invest 460 million euros ($561 million) in used-car dealing platform Auto1, marking the first investment in Germany by its Vision Fund, according to sources familiar with the matter.

entertainmentNews reuters.com

Male models say top fashion photographers harassed them: New York Times

NEW YORK (Reuters) - Male models and assistants who worked with high-powered fashion photographers Bruce Weber and Mario Testino say they were subjected by them to molestation, sexual advances and unnecessary nudity, The New York Times reported on Saturday.

Chile nytimes.com

Chile Slams World Bank Amid Charges of Political Bias

Chile’s left-leaning government demands an investigation after a World Bank economist says the nation’s drop in a business survey was politically motivated.

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.

Iran nytimes.com

Iran to Trump: Nuclear Pact Is ‘Not Renegotiable’

Iranian officials were responding to President Trump’s demand that European allies agree to rewrite the 2015 nuclear deal within 120 days or he will kill it.

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.

Restaurants nytimes.com

To New Yorkers’ Delight, Coogan’s Says It Isn’t Closing After All

Coogan’s restaurant and bar, a civic fixture in Washington Heights for 32 years, reached a new agreement with its landlord just three days after its owners announced they would be closing.

PersonalFinance reuters.com

U.S. 'socially screened' funds draw second-biggest inflows ever

NEW YORK (Reuters) - U.S. investors poured $4.7 billion into so-called socially responsible mutual funds and exchange-traded funds in 2017, the category's second-biggest annual inflow ever, with...

companyNews reuters.com

Fields of Gold? Jana seeks new money, allies with impact hedge fund

BOSTON, Jan 12 (Reuters) - Wall Street investor Barry Rosenstein's new impact investing fund aimed at serving environmental and social causes could, if he plays his cards right, enhance his traditional business of pushing companies to boost earnings.

PersonalFinance reuters.com

U.S. Supreme Court takes up challenge to SEC in-house judges

(Reuters) - The U.S. Supreme Court on Friday agreed to hear a challenge to a key Securities and Exchange Commission practice - its use of in-house judges to enforce investor protection laws - by a...

PersonalFinance reuters.com

New Vanguard CEO Buckley says indexing fosters competition

BOSTON (Reuters) - Vanguard Group Inc's vast scale helps it promote efficient markets, its new chief executive said on Friday, pushing back on concerns the growth of passive index funds could reduce...

PersonalFinance reuters.com

U.S. consumer watchdog official takes leadership fight to appeals court

WASHINGTON (Reuters) - An official who hopes to lead the Consumer Financial Protection Bureau on Friday took her fight to a U.S. appeals court, urging it to oust President Donald Trump's pick for the...

companyNews reuters.com

BRIEF-Capital City Bank Group Provides Impact to Deferred Tax Asset in Q4 From Tax Act

* CAPITAL CITY BANK GROUP - OVERALL IMPACT OF TAX ACT TO REQUIRE CO TO WRITE DOWN NET DEFERRED TAX ASSET BY $4.0 MILLION, OR $0.24 PER SHARE IN Q4 2017 Source text for Eikon: Further company coverage:

companyNews reuters.com

HSH Nordbank may pick bidder for exclusive talks next week -sources

BERLIN, Jan 12 (Reuters) - The state owners of Germany's HSH Nordbank may decide to enter exclusive negotiations with one of the remaining bidders for the bank next week as the long-running privatisation process nears conclusion, two people close to the matter said.

PersonalFinance reuters.com

German property developer Instone targets March IPO: sources

FRANKFURT (Reuters) - German residential property developer Instone Real Estate is targeting a flotation on the Frankfurt stock exchange in March, adding to a growing pipeline of spring listings in...

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.

PersonalFinance reuters.com

PNC Financial fourth quarter profit more than doubles

(Reuters) - PNC Financial Services Group Inc reported a better-than-expected quarterly profit on Friday, helped by higher interest income and consumer loan growth and the U.S. regional lender also...

businessNews reuters.com

Federal Reserve fines five banks to wrap up mortgage servicing charges

WASHINGTON (Reuters) - The Federal Reserve fined five large U.S. banks a combined $35.1 million to settle cases of mortgage servicing flaws dating back to 2011.

domesticNews reuters.com

U.S. upholds New York denial of Constitution natgas pipe

(Reuters) - U.S. energy regulators rejected Williams Cos Inc's request to overturn New York's denial of a water permit for the company's proposed Constitution natural gas pipeline from Pennsylvania to New York, according to a filing on Thursday.

Classical Music nytimes.com

Review: A Conductor’s Exciting Return to the New York Philharmonic

Susanna Malkki led works by Debussy, Tchaikovsky and Esa-Pekka Salonen in an impressive follow-up to her debut with the orchestra in 2015.

companyNews reuters.com

UPDATE 1-Federal Reserve fines five banks to wrap up mortgage servicing charges

WASHINGTON, Jan 12 (Reuters) - The Federal Reserve fined five large U.S. banks a combined $35.1 million to settle cases of mortgage servicing flaws dating back to 2011.

cnn.com

The latest storm will cover the Midwest in ice and snow

The storm system that brought much-needed rain but deadly mudflows to southern California has swept through the Southern Plains and is now making a significant impact with rain, sleet and snow in the East.

PersonalFinance reuters.com

BlackRock, Alliance Bernstein tapping more into electronic bond trading

(This January 11 story, corrects name of firm in headline, 1st, 2nd, 4th and 10th paragraphs to Alliance Bernstein from Vanguard)

businessNews reuters.com

Wall Street higher as consumer and bank stocks gain

(Reuters) - Wall Street's main indexes were higher on Friday as strong December retail sales data drove gains in consumer stocks and bank results pushed up the financial sector.

businessNews reuters.com

S&P, Dow open higher as bank shares rise

(Reuters) - The S&P and the Dow opened higher on Friday on gains in banking shares, while the Nasdaq was dragged 5 percent lower by losses in Facebook.

businessNews reuters.com

Futures rise as investors assess big bank earnings

(Reuters) - U.S. stock futures rose and pointed to a positive open for Wall Street on Friday as investors digested fourth-quarter earnings reports from big U.S. lenders.

PersonalFinance reuters.com

PNC Financial profit more than doubles in fourth quarter

(Reuters) - U.S. regional lender PNC Financial Services reported a better-than-expected quarterly profit on Friday, helped by higher interest income and consumer loan growth.

companyNews reuters.com

US STOCKS- Futures rise as investors assess big bank earnings

Jan 12 (Reuters) - U.S. stock futures rose and pointed to a positive open for Wall Street on Friday as investors digested fourth-quarter earnings reports from big U.S. lenders.

New York City nytimes.com

New York Today: New York Today: Following in Dr. King’s Footsteps

Friday: Touring Martin Luther King Jr.’s New York, weekend events, and honoring Dr. King in your own way.

companyNews reuters.com

UPDATE 1-Halkbank not Turkey will pay any U.S. fine, deputy PM says

ISTANBUL, Jan 12 (Reuters) - Any fine levied against Halkbank by the United States will be paid by the bank itself and not the Turkish government, the country's Deputy Prime Minister Mehmet Simsek was quoted as saying on Friday.

Greenhouse Gas Emissions nytimes.com

About New York: Battling Climate Change from the Back Seat of an S.U.V.

Mayor de Blasio declared himself a foe of global warming by filing suit against big oil companies, but his travel habits undermine his rhetoric.

Sexual Harassment nytimes.com

Investigate an Accused Ally? New York Senate’s Republican Leader Says No

An accusation against Jeffrey D. Klein, a powerful senator, marks Albany’s biggest sexual harassment scandal in years. But despite anger, there are few options to investigate.

technologyNews reuters.com

SS&C boosts banking software heft with $5.4 billion DST deal

(Reuters) - SS&C Technologies Holdings Inc said on Thursday it would buy DST Systems Inc in a $5.4 billion deal, expanding its financial technology software prowess through its largest deal to date.

companyNews reuters.com

BRIEF-S&P Dow Jones Indices Provide List of Cos to be Impacted by 2018 GICS Structure revision

* S&P DOW JONES INDICES AND MSCI ANNOUNCE SELECT LIST OF COMPANIES CHANGING DUE TO REVISIONS TO THE GICS® STRUCTURE IN 2018

cnn.com

Opinion: New York's bold move for climate justice

Americans are paying a fearsome price for global warming. The federal government's National Oceanographic and Atmospheric Administration reported earlier this week that the three powerful Atlantic hurricanes of 2017 -- Harvey, Irma and Maria -- cost Americans $265 billion, and massive Western forest fires another $18 billion. Scientists have shown that human-induced climate change has greatly increased the frequency and intensity of such disasters

PersonalFinance reuters.com

U.S.-based equity funds attract $12 billion of new cash in latest week: Lipper

NEW YORK (Reuters) - Investors' appetite for risk was on display this week as U.S.-based equity mutual funds attracted $1.45 billion of net inflows, their third straight week of inflows, and...

companyNews reuters.com

UPDATE 1-U.S.-based equity funds attract $12 bln of new cash in latest week -Lipper

(Adds analyst quotes, table) By Jennifer Ablan NEW YORK, Jan 11 (Reuters) - Investors' appetite for risk was on display this week as U.S.-based equity mutual funds attracted $1.45 billion of net inflows, their third straight week of inflows, and U.S.-based equity exchange-traded funds attracted $10.6 billion, according to Lipper data on Thursday. Moving in sympathy with equities, U.S.-based high-yield junk bond funds attracted $2.65 billion in the week ended Wednesday, their second

technologyNews reuters.com

Mexican authorities probe hack of export bank: official

MEXICO CITY (Reuters) - Mexico's attorney general's office is investigating an attempt to hack and rob Bancomext, the government-run export bank, an official said on Thursday.

PersonalFinance reuters.com

Walmart wage hike may show wage pressures building for lowest paid

WASHINGTON (Reuters) - Walmart's tit-for-tat minimum wage battle with Target, ratcheting to $11 an hour for the least experienced workers with likely pressure to move higher, may signal broader gains...

cnn.com

Ellen DeGeneres, others impacted by mudslides

Some famous residents of Southern California's Santa Barbara County are speaking out in the midst of mudslides that have killed at least 17 people.

companyNews reuters.com

UPDATE 1-British PM May tells bankers they are a priority for Brexit amid job warnings

* London mayor says could face 'lost decade', 500,000 job losses (Recasts, adds details of meeting)

healthNews reuters.com

Time with grandparents may impact how kids view the elderly

(Reuters Health) - - Children and teens who spend a lot of time with their grandparents may be less likely than peers who don’t to have negative and stereotypical ideas about the elderly, a recent study suggests.

companyNews reuters.com

BRIEF-HomeStreet Announces Impact Of Tax Reform

* HOMESTREET INC SAYS WILL RECOGNIZE A ONE-TIME, NON-CASH TAX BENEFIT OF APPROXIMATELY $23 MILLION IN Q4 OF 2017 Source text for Eikon: Further company coverage:

companyNews reuters.com

Bankers demand more Brexit clarity at meeting with UK PM May

LONDON, Jan 11 (Reuters) - Bankers told Prime Minister Theresa May they needed more clarity on the future regulatory relationship between Britain and the European Union even though they were reassured by last month's preliminary Brexit divorce settlement, May's spokesman said.

companyNews reuters.com

UPDATE 1-Breitburn shareholders launch last-ditch bankruptcy showdown

Jan 11 (Reuters) - Shareholders of Breitburn Energy Partners LP launched a last-ditch legal effort on Thursday to prevent the bankrupt oil producer from wiping out their investment and sticking them with a huge tax bill at a time of surging crude prices.

worldNews reuters.com

Two Palestinians killed in clashes with Israeli troops in Gaza, West Bank

GAZA (Reuters) - Two Palestinian youths were shot dead by Israeli troops during clashes on Thursday in the Gaza Strip and the Israeli-occupied West Bank, Palestinian medical sources and witnesses said.

businessNews reuters.com

Hong Kong, London, New York shortlisted for Aramco IPO: sources

DUBAI/LONDON (Reuters) - Saudi Arabia has shortlisted New York, London and Hong Kong - singly or in a combination of two or even all three - for the international portion of the listing of national oil company Aramco, two sources with knowledge of the discussions said.

companyNews reuters.com

Hong Kong, London, New York shortlisted for Aramco IPO - sources

* International listing on one exchange or several, sources say

companyNews reuters.com

REFILE-UPDATE 1-PwC to fight Indian audit ban to limit franchise impact

MUMBAI, Jan 11 (Reuters) - Price Waterhouse will contest a two-year auditing ban by India's market regulator over a fraud nearly a decade ago at a company it audited, but even if it succeeds in preventing the move Indian business experts expect damage to the auditor's business.

companyNews reuters.com

BRIEF-United Community Banks Announces Upsizing And Pricing Of Subordinated Notes Offering

* UNITED COMMUNITY BANKS, INC. ANNOUNCES UPSIZING AND PRICING OF SUBORDINATED NOTES OFFERING

PersonalFinance reuters.com

Bill Gross of Janus: 'Bonds, like men, are in a bear market'

NEW YORK (Reuters) - Billionaire bond veteran Bill Gross of Janus Henderson said on Thursday that the U.S. Treasury market has begun a bear market, though "not a dangerous one" for investors.

New York City nytimes.com

New York Today: New York Today: Weather Whiplash

Thursday: The city goes from frozen to balmy, modesty in fashion, and the Winter Jazzfest.

PersonalFinance reuters.com

Shopping for nursing homes more tricky in Trump era

CHICAGO (Reuters) - Finding a safe, high-quality nursing home for a loved one is never an easy task. Complicated decisions often are made at a moment of emotional crisis and reliable guidance can be...

companyNews reuters.com

RPT-European banks braced for "slow burn" payments revolution

LONDON, Jan 10 (Reuters) - New European rules on online payments and banking due to go into effect on Saturday mark the start of a "slow burn" revolution that will prise open traditional retail banking and may force lenders to rethink their business models, regulators say.

Banking and Financial Institutions nytimes.com

Investors Spooked at Specter of Central Banks Halting Bond-Buying Spree

The most immediate fear: A sharp falloff in bond prices would rattle equity markets that are now trading at record highs.

PersonalFinance reuters.com

Grad school can be worth it if you pick wisely: study

NEW YORK (Reuters) - There is a sharp contrast between how graduate school students and undergraduate students approach paying for their educations. While parents typically pay the bulk of tuition...

companyNews reuters.com

Nikkei edges lower as strong yen bites; banks higher

TOKYO, Jan 11 (Reuters) - Japan's Nikkei share average edged lower on Thursday morning, hit by declines in automakers and electronic component makers as the strong yen soured investor appetite.

Pensions and Retirement Plans nytimes.com

To Fight Climate Change, New York City Takes on Oil Companies

The de Blasio administration is suing five major oil companies over climate change, and urging city pension funds to divest from fossil fuel firms.

PersonalFinance reuters.com

U.S. judge denies effort to stop Mulvaney from heading consumer watchdog

WASHINGTON (Reuters) - A U.S. federal judge denied on Wednesday a preliminary injunction sought by the deputy director of the Consumer Financial Protection Bureau seeking to stop White House budget...

Palestinians nytimes.com

Egypt Opens Criminal Inquiry Over New York Times Article

The Times reported on a secret effort by Egyptian intelligence to sway public opinion on Jerusalem. Officials say the article hurt national security.

businessNews reuters.com

Exclusive: Justice Department blindsided banking agency on pot policy flip - sources

WASHINGTON (Reuters) - When the U.S. Justice Department said last week it was reversing policy on the $7 billion marijuana business, it failed to first notify federal officials who advise banks in states where the drug is legal, sources in Congress said.

politicsNews reuters.com

Exclusive: U.S. Justice Department blindsided banking agency on pot policy flip - sources

WASHINGTON (Reuters) - When the U.S. Justice Department said last week it was reversing policy on the $7 billion marijuana business, it failed to first notify federal officials who advise banks in states where the drug is legal, sources in Congress said.

companyNews reuters.com

BRIEF-Capgen Capital Group Reports A 7.3 Pct Stake In Union Bankshares

* CAPGEN CAPITAL GROUP VI LP REPORTS A 7.3 PCT STAKE IN UNION BANKSHARES CORP AS OF JAN 1 - SEC FILING

cnn.com

Trump calls for review of libel laws (again) in his latest salvo against free press

companyNews reuters.com

BRIEF-People’s Utah Bancorp Announces Financial Impact Of Amendment To Federal Tax Code

* PEOPLE'S UTAH BANCORP - ‍IMPACT OF TAX ACT​ TO EARNINGS PER SHARE ESTIMATE IS A REDUCTION OF $0.25 TO $0.27 PER SHARE FOR QUARTER ENDED DEC 31, 2017 Source text for Eikon: Further company coverage:

companyNews reuters.com

BRIEF-National Bank Of Canada Announces Specific Share Repurchase Program As Part Of Its Normal Course Issuer Bid

* NATIONAL BANK OF CANADA - ENTERED AGREEMENT WITH THIRD PARTY TO REPURCHASE COMMON SHARES THROUGH DAILY PURCHASES​

companyNews reuters.com

BRIEF-First Commonwealth To Enter The Cincinnati Market Through The Acquisition Of Foundation Bank

* FIRST COMMONWEALTH FINANCIAL CORP - DEAL FOR ‍CASH AND STOCK TRANSACTION VALUED AT APPROXIMATELY $58 MILLION​

companyNews reuters.com

BRIEF-Softbank Group Reports Purchase Of 5.3 Million Shares Of Sprint Corp's Common Stock Between Jan 8-9

* SOFTBANK GROUP CORP REPORTS OPEN MARKET PURCHASE OF 5,348,176 SHARES OF SPRINT CORP'S COMMON STOCK BETWEEN JAN 8 AND JAN 9 - SEC FILING Source text: (http://bit.ly/2FoJNyc)

companyNews reuters.com

UPDATE 1-New York sues fossil fuel majors, plans divestment from pension funds

NEW YORK, Jan 10 (Reuters) - New York City announced on Wednesday that it filed a multibillion dollar lawsuit against five top oil companies, citing their "contributions to global warming," as it said it would divest fossil fuel investments from its $189 billion public pension funds over the next five years.

PersonalFinance reuters.com

Investors strip most cash in four years from U.S. domestic stock funds

NEW YORK (Reuters) - Investors are slimming down equity stakes bloated by a nearly decade-long bull market, withdrawing $22 billion from U.S. domestic stock funds in a single week, Investment Company...

PersonalFinance reuters.com

Bets on U.S. inflation heat up in bond market

NEW YORK (Reuters) - More investors are favoring U.S. bonds that profit from a pickup in inflation as the global economy gathers momentum with oil and other basic commodity prices recently hitting...

companyNews reuters.com

European banks braced for "slow burn" payments revolution

LONDON, Jan 10 (Reuters) - New European rules on online payments and banking due to go into effect on Saturday mark the start of a "slow burn" revolution that will prise open traditional retail banking and may force lenders to rethink their business models, regulators say.

companyNews reuters.com

New York sues fossil fuel majors, plans divestment from pension funds

NEW YORK, Jan 10 (Reuters) - New York City on Wednesday filed a multibillion dollar lawsuit against five top fossil fuel companies, citing their "contributions to global warming," as it unveiled a plan to cut fossil fuel investments from its $189 billion public pension funds over the next five years.

companyNews reuters.com

BRIEF-London Stock Exchange Sees No Material Impact From US Tax Reform

* ‍THERE IS EXPECTED TO BE NO MATERIAL IMPACT ON LSEG FROM US TAX REFORM

companyNews reuters.com

BRIEF-AngioDynamics Says U.S. Tax Reform To Have Impact Of $0.02- $0.04 On Non-GAAP Adjusted EPS In FY 2018

* ANGIODYNAMICS SAYS U.S. TAX REFORM ACT TO HAVE AN IMPACT IN RANGE OF $0.02- $0.04 ON NON-GAAP ADJUSTED EPS IN FY 2018 -SEC FILING Source: (http://bit.ly/2mfAFmM) Further company coverage:

PersonalFinance reuters.com

Column: Buy time, not stuff, for more happiness

CHICAGO (Reuters) - For greater happiness in 2018, take a tip from a happiness researcher: Buy time instead of more stuff.

companyNews reuters.com

UPDATE 1-Franklin Templeton's Zahn halves Italy exposure pre-vote, says watching Bank of Japan

* David Zahn reduces holdings of Italian bonds before election

companyNews reuters.com

Israel's El Al to get $135 mln in loans from foreign banks

* El Al Israel Airlines said on Wednesday it signed a memorandum of understanding for loans of $135 million from foreign banks to finance the purchase of a 787-900 jet from Boeing.

businessNews reuters.com

Exclusive: Saudi Aramco working to raise cheap loans before IPO - banking sources

DUBAI (Reuters) - Saudi Aramco is working to secure billions of dollars in cheap loans from banks seeking to strengthen their ties with the oil giant before its stock listing, banking and export credit agency (ECA) sources said.

New York City nytimes.com

New York Today: New York Today: With New Family Leave Law, Savoring the Early Days

Wednesday: Paid time off for new parents, the New York Jewish Film Festival, and the debut of electric buses.

companyNews reuters.com

MOVES-Citi picks investment banking co-heads for Nordics

LONDON, Jan 10 (IFR) - Citigroup has named Lars Ingemarsson and Ari Makela as co-heads of investment banking for the Nordic region.

Global Warming nytimes.com

How a Coal Baron’s Wish List Became President Trump’s To-Do List

Robert E. Murray, the chief executive of Murray Energy, wrote a lengthy “action plan” last year for President Trump. There’s not much left undone.

Sex Crimes nytimes.com

DNA Helps New York Police Solve Infamous 1994 Rape Case

Detectives identified a suspect, who is serving life in prison, for a rape in Prospect Park that drew widespread attention and even figured in a Broadway play.

companyNews reuters.com

BRIEF-Sherritt Provides Update On Impact Of Cyclone Ava On Its Ambatovy Operations

* SHERRITT PROVIDES UPDATE ON THE IMPACT OF TROPICAL CYCLONE AVA ON ITS AMBATOVY OPERATIONS

Arpaio, Joseph M nytimes.com

Editorial Observer: Joe Arpaio’s Latest Offense — Running for Senate

On a day of hope for a breakthrough on immigration, the race-baiting ex-sheriff pardoned by the president makes a pathetic plea for attention.

PersonalFinance reuters.com

Massachusetts hedge fund manager pleads guilty to fraud

BOSTON (Reuters) - A Massachusetts hedge fund manager pleaded guilty on Tuesday after prosecutors accused him of misusing millions of dollars from investors to pay for lavish personal expenses like a...

companyNews reuters.com

UPDATE 2-Canada to introduce new stricter bank capital rules

* Transition to new rules to finish in Q4, 2018 (Adds comment from Scotiabank CEO, investor, shares)

businessNews reuters.com

Wall Street climbs with boost from healthcare, banks

(Reuters) - Wall Street's major indexes extended the New Year rally to close at record levels on Tuesday on investor optimism ahead of quarterly earnings reports and hopes for easing tensions with North Korea.

businessNews reuters.com

Uber reaches $3 million settlement with New York drivers over fees

(Reuters) - Uber Technologies Inc [UBER.UL] agreed to pay up to $3 million to settle a proposed class-action lawsuit brought on behalf of 2,421 drivers in New York who accused the ride-sharing company of docking excessive fees from their fares.

Culture (Arts) nytimes.com

Unveiling Performance Space New York

Performance Space 122 has a new name and renovated digs. Jenny Schlenzka, its director, envisions a “vital center for community.”

worldNews reuters.com

Israeli dead in suspected West Bank Palestinian shooting attack

JERUSALEM (Reuters) - A suspected Palestinian gunman killed an Israeli motorist in a shooting in the occupied West Bank on Tuesday, Israeli military and medical officials said.

businessNews reuters.com

Wall Street higher as healthcare, bank stocks gain

(Reuters) - Wall Street's major indexes on Tuesday extended the New Year rally on investor optimism ahead of quarterly earnings reports.

companyNews reuters.com

UPDATE 1-Canada to introduce new stricter bank capital rules

TORONTO, Jan 9 (Reuters) - Canada's banking regulator said on Tuesday it would introduce new capital rules stricter than those proposed by global regulators to ensure banks can withstand financial shocks.

companyNews reuters.com

US STOCKS-Wall St higher as healthcare, bank stocks gain

* Indexes up: Dow 0.49 pct, S&P 0.29 pct, Nasdaq 0.24 pct (Updates to late afternoon; adds commentary, changes byline)

PersonalFinance reuters.com

Julius Baer buys remaining 20 percent in Kairos for 96 million euros

ZURICH (Reuters) - Swiss private bank Julius Baer said on Tuesday it bought the 20 percent in Italian wealth management firm Kairos Investment Management SpA it did not already own for 96 million...

domesticNews reuters.com

New York state lawmaker charged with fraud, obstructing justice

NEW YORK (Reuters) - A New York state lawmaker was charged with 11 counts of fraud and obstruction of justice, accused of defrauding government agencies out of tens of thousands of dollars, including hurricane relief money, prosecutors said on Tuesday.

worldNews reuters.com

Israel to approve hundreds of new settler homes in West Bank

JERUSALEM (Reuters) - Israel will approve construction of hundreds of new settlement homes in the occupied West Bank, Israeli Defence Minister Avigdor Lieberman said on Tuesday.

businessNews reuters.com

Wall Street inches higher as healthcare, bank stocks gain

(Reuters) - Wall Street's major indexes inched higher on Tuesday as financial, healthcare and industrial stocks extended the new year rally powered by expectations of strong quarterly earnings.

companyNews reuters.com

US STOCKS-Wall St inches higher as healthcare, bank stocks gain

* Microsoft halts some AMD chip Meltdown patches after PCs freeze

businessNews reuters.com

Wall Street edges higher as healthcare, bank stocks gain

(Reuters) - Wall Street's main indexes edged higher on Tuesday as healthcare and bank stocks gained in the run up to the quarterly earnings season that is set to start later this week.

companyNews reuters.com

BRIEF-CIBC CEO says U.S. tax reforms will have $100 million impact

* CIBC CEO SAYS EXPECTS ABOUT $100 MILLION IMPACT FROM U.S. TAX REFORMS, NEGLIGIBLE UPTICK TO EARNINGS INITIALLY

businessNews reuters.com

Wall Street hits new record at open on healthcare, bank gains

(Reuters) - Wall Street rose to fresh high at open on Tuesday, with gains for healthcare and bank stocks extending the new year rally that is powered by expectations of strong quarterly earnings.

companyNews reuters.com

BRIEF-BMO CEO SAYS U.S. TAX REFORMS WILL HAVE $400 MLN ONE-OFF IMPACT

* BMO CEO SAYS U.S. TAX REFORMS WILL HAVE ONE-TIME IMPACT "IN RANGE OF $400 MILLION" Source text for Eikon: Further company coverage: (Reporting by Matt Scuffham)

companyNews reuters.com

TD Bank buys AI company Layer 6 Inc

Jan 9 (Reuters) - Toronto-Dominion Bank, Canada's No. 2 bank, on Tuesday said it bought Layer 6 Inc, an artificial intelligence (AI) company for an undisclosed sum.

companyNews reuters.com

BRIEF-Relm Wireless, On Jan 8, 2018, Co, Unit, Silicon Valley Bank, As Lender, Amended Loan, Security Agreement Dated As Of Oct 23, 2008

* RELM WIRELESS CORP - ON JAN 8, 2018, CO, UNIT AND SILICON VALLEY BANK, AS LENDER, AMENDED THEIR LOAN AND SECURITY AGREEMENT DATED AS OF OCT 23, 2008

companyNews reuters.com

MOVES-Jefferies hires two senior RBC utilities bankers

LONDON, Jan 9 (Reuters) - Jefferies has hired Dai Clement and Lorna Shearin from Royal Bank of Canada to develop its investment banking business in power, utilities and infrastructure, two banking sources said on Tuesday.

New York City nytimes.com

New York Today: New York Today: Getting Fit for Free

Tuesday: Workout classes that won’t break the bank, warming weather, and Restaurant Week approaches.

worldNews reuters.com

U.S. case against banker is 'political coup attempt': Turkey's Erdogan

ANKARA (Reuters) - Turkey's Tayyip Erdogan on Tuesday condemned a U.S. sanctions-busting case against a Turkish bank executive as a "political coup attempt" and a joint effort by the CIA and FBI to undermine Ankara.

politicsNews reuters.com

House Foreign Affairs Chair Royce latest Republican leaving Congress

WASHINGTON (Reuters) - Republican U.S. Representative Ed Royce said on Monday he will not run for a 14th term representing his southern California district, a seat that could be a key to Democratic efforts to win back control of the House of Representatives.

companyNews reuters.com

BRIEF-Home Bancshares Says Fall In Federal Corporate Tax Rate To Negatively Impact Co's Q4 Results

* Q4 EARNINGS PER SHARE VIEW $0.34 -- THOMSON REUTERS I/B/E/S

companyNews reuters.com

BRIEF-United Community Banks And NLFC Holdings Corp Announce Merger Agreement

* UNITED COMMUNITY BANKS INC AND NLFC HOLDINGS CORP, THE PARENT OF NAVITAS CREDIT CORP, ANNOUNCE MERGER AGREEMENT

politicsNews reuters.com

U.S. Rep. Royce is latest House Republican to announce retirement

WASHINGTON (Reuters) - Republican U.S. Representative Ed Royce said on Monday he will not run for a 14th term to serve his southern California district, a seat seen as a key to Democratic efforts to win back control of the House of Representatives.

Restaurants nytimes.com

Eyal Shani, an Israeli Celebrity Chef, Makes His New York Debut

Mr. Shani’s whole roasted cauliflower will be on offer at a branch of Miznon, his global group of casual restaurants, when it opens at Chelsea Market this month.

domesticNews reuters.com

New York City traffic deaths fall to record low under safety program

NEW YORK (Reuters) - Led by a sharp drop in pedestrian deaths, overall traffic fatalities in New York City fell for the fourth consecutive year in 2017 to their lowest on record, thanks at least in part to an ongoing safety improvement program, city officials said on Monday.

companyNews reuters.com

BRIEF-VSE Amends Bank Loan To Extend Maturity Date And Increase Available Funds

* VSE AMENDS BANK LOAN TO EXTEND MATURITY DATE AND INCREASE AVAILABLE FUNDS

companyNews reuters.com

BRIEF-Laurentian Bank Of Canada Announces C$125 Mln Bought Deal Financing

* LAURENTIAN BANK OF CANADA - ‍UNDERWRITERS HAVE AGREED TO BUY ON A BOUGHT DEAL BASIS AN AGGREGATE OF 2.3 MILLION COMMON SHARES, AT PRICE OF $54.80 PER SHARE​

businessNews reuters.com

Wall St. rally eases up as healthcare, banks weigh

NEW YORK (Reuters) - The S&P 500 barely rose on Monday while the healthcare and financial sectors weighed and investors took a breather ahead of earnings season and after the strong rally that marked the start of 2018.

politicsNews reuters.com

Billionaire behind Trump impeachment ads to bankroll Democrats for House

WASHINGTON (Reuters) - Billionaire environmental activist Tom Steyer, who has spent millions on national ads calling for the impeachment of President Donald Trump, will spend $30 million this year trying to help Democrats win control of the U.S. House of Representatives, he announced on Monday.

companyNews reuters.com

BRIEF-Swissquote Bank SA Reports 12 pct Passive Stake In Cytori Therapeutics As Of Dec. 29, 2017

* SWISSQUOTE BANK SA REPORTS 12 PERCENT PASSIVE STAKE IN CYTORI THERAPEUTICS INC AS OF DECEMBER 29, 2017 - SEC FILING‍​ Source text - (http://bit.ly/2CUutMr) Further company coverage:

businessNews reuters.com

Wall St. slightly higher, but healthcare, bank stocks weigh

(Reuters) - U.S. equities edged higher on Monday as investors took stock after the strong rally that marked the start of 2018, but healthcare and bank shares weighed on Wall Street's three major indexes.

companyNews reuters.com

US STOCKS-Wall St slightly higher, but healthcare, bank stocks weigh

* Defensive sectors show S&P's biggest gains after weekly decline

businessNews reuters.com

Wall St. struggles to gain further as healthcare, bank stocks weigh

(Reuters) - The S&P 500 and the Dow struggled to edge higher on Monday, stalling the strong rally that marked the start of 2018, pressured by losses in healthcare and bank stocks.

businessNews reuters.com

S&P, Dow lower as healthcare, bank stocks drag

(Reuters) - The S&P 500 and the Dow were trading slightly lower on Monday, as losses in healthcare and financial stocks stalled Wall Street's strongest start to a year in a decade.

companyNews reuters.com

US STOCKS-S&P, Dow lower as healthcare, bank stocks drag

* Nasdaq biotech index on track for its worst day since Oct. 26

businessNews reuters.com

Wall Street new year rally pauses as healthcare, bank stocks weigh

(Reuters) - The benchmark S&P 500 opened lower for the first time in 2018 on Monday, as losses in healthcare and financial stocks cut short Wall Street's strongest start to a year in a decade.

domesticNews reuters.com

Two injured in fire at New York's Trump Tower, officials say

NEW YORK (Reuters) - Two people were injured in a brief early-morning fire near the top of Trump Tower in midtown Manhattan as the city's workday rush began, the New York Fire Department said on Monday.

cnn.com

How Trump became 'the white affirmative action president'

When the Trump administration recently signaled that it was going to crack down on affirmative action, some critics responded with an odd request:

businessNews reuters.com

Wall Street opens flat as tech, bank stocks weigh

(Reuters) - U.S. stock indexes opened little changed on Monday, with losses for banking and technology stocks helping put a halt to Wall Street's strongest start to a year in over a decade.

companyNews reuters.com

US STOCKS SNAPSHOT-Wall St opens flat as tech, bank stocks weigh

Jan 8 (Reuters) - U.S. stock indexes opened little changed on Monday, with losses for banking and technology stocks helping put a halt to Wall Street's strongest start to a year in over a decade.

companyNews reuters.com

Canada's TD Bank to take $400 mln hit from tax reforms in Q1

Jan 8 (Reuters) - Canada's Toronto-Dominion Bank said on Monday it would take a hit of $400 million in the first quarter related to the remeasurement of certain net deferred tax assets as a result of U.S. President Donald Trump's tax reforms.

businessNews reuters.com

Exclusive: Bankers invited to Saudi Arabia to pitch for Aramco listing roles

LONDON/DUBAI (Reuters) - Saudi Aramco has invited banks pitching for roles in its stock market listing, including Citi and Goldman Sachs, for meetings in the kingdom in the coming weeks to make their case, according to three banking sources familiar with the matter.

domesticNews reuters.com

Two injured in fire at New York's Trump Tower: officials

NEW YORK (Reuters) - Two people were injured, one seriously, in an early-morning fire near the top of Trump Tower in midtown Manhattan, the New York Fire Department said on Monday.

companyNews reuters.com

BRIEF-Malbex Resources To Undertake Change Of Business To Merchant Banking With Focus On Cryptocurrency, Blockchain Sectors

* MALBEX RESOURCES TO UNDERTAKE CHANGE OF BUSINESS TO MERCHANT BANKING WITH A FOCUS ON CRYPTOCURRENCY AND BLOCKCHAIN SECTORS

technologyNews reuters.com

Bitcoin is an asset, not a currency: Israel's central bank

JERUSALEM (Reuters) - Israel's central bank said on Monday it would not recognize virtual currencies such as bitcoin as actual currency and that it was difficult to devise regulations to monitor the risks of such activity to the country's banks and their clients.

businessNews reuters.com

U.S. bank gains from tax law start with red ink

NEW YORK (Reuters) - U.S. bank executives and investors expect a long-term boost from the new federal tax code, but the biggest lenders will first need to book multi-billion-dollar charges that will muddle fourth-quarter results.

New York City nytimes.com

New York Today: New York Today: Teaching Teens the Financial Ropes

Monday: A nonprofit offers financial literacy lessons to young people, an end to the cold spell, and The Times and PBS start a book club.

companyNews reuters.com

Cerberus sees room in Germany for Deutsche Bank and Commerzbank-Handelsblatt

FRANKFURT, Jan 8 (Reuters) - Cerberus Chief Executive Stephen Feinberg has told the German government that he is not interested in a merger of Deutsche Bank and smaller rival Commerzbank, German newspaper Handelsblatt reported on Monday, citing several people familiar with the matter.

businessNews reuters.com

Rival airlines Emirates, Etihad step closer with security pact

DUBAI (Reuters) - Emirates [EMIRA.UL] and Etihad Airways signed a security pact on Monday to share information and intelligence, the first agreement between the two rival airlines based in the United Arab Emirates (UAE).

technologyNews reuters.com

South Korea inspects six banks over virtual currency services to clients

SEOUL (Reuters) - South Korean financial authorities on Monday said they are inspecting six local banks that offer virtual currency accounts to institutions, amid concerns the increasing use of such assets could lead to a surge in crime.

companyNews reuters.com

UPDATE 2-S.Korea inspects 6 banks over virtual currency services to clients

* S.Korea bigger hacking target due to price gap (Adds comment from bank responses, analyst on price gap, background)

companyNews reuters.com

UPDATE 1-S.Korea inspects 6 banks over clients' virtual currency accounts

* Regulators looking to cryptocurrency trade risks (Adds more comments, background)

technologyNews reuters.com

South Korea inspects six banks over clients' virtual currency accounts

SEOUL (Reuters) - South Korea's financial regulator said on Monday it is jointly carrying out inspections on six local banks that offer virtual currency accounts to institutions.

Roads and Traffic nytimes.com

Op-Ed Columnist: How to Get New York Moving Again

Traffic is so bad that people can often outpace cars.

Flood Insurance nytimes.com

In New York, Drawing Flood Maps Is a ‘Game of Inches’

As FEMA revises the maps to account for climate change, deciding who is in the flood zone will be a battle with millions of dollars at stake.

companyNews reuters.com

UPDATE 1-Celgene to buy Impact Biomedicines for up to $7 billion

NEW YORK, Jan 7 (Reuters) - U.S. biotech pharmaceutical firm Celgene Corp said on Sunday that it had agreed to acquire Impact Biomedicines for as much as $7 billion, subject to certain milestones associated with regulatory hurdles and sales performance.

Subways nytimes.com

Editorial: New York Leaders Are Failing Its Subway Riders

As construction companies and labor unions drove up costs, watchdogs — including governors and lawmakers — have done too little to stop it.

companyNews reuters.com

Celgene readies deal to buy Impact Biomedicines for as much as $7 bln -WSJ

NEW YORK, Jan 7 (Reuters) - Celgene Corp is expected to announce Monday that it is acquiring Impact Biomedicines for as much as $7 billion, the Wall Street Journal reported Sunday.

companyNews reuters.com

Three investors place bids for Germany's HSH Nordbank - source

BERLIN, Jan 7 (Reuters) - Three private-equity investors have submitted bids for German state-backed HSH Nordbank , a person familiar with the matter said, as the EU-enforced privatisation of the lender is nearing the finishing line.

Health Insurance and Managed Care nytimes.com

Opinion: Diabetes Shouldn’t Bankrupt You

Congress long ago allowed people with end-stage kidney failure to receive Medicare. Why not do the same for people with other chronic illnesses?

businessNews reuters.com

UK's Carillion speeding up rescue talks with banks: Sky News

(Reuters) - British building and services company Carillion is due to hold emergency meetings with its bankers in the coming days as it speeds up its search for a financial rescue plan, Sky News reported on Saturday.

Banking and Financial Institutions nytimes.com

A Swiss Banker Helped Americans Dodge Taxes. Was It a Crime?

Stefan Buck created bank accounts for dozens of Americans hiding money from tax collectors. The U.S. tried to hold him personally accountable.

businessNews reuters.com

Companies in New York 'open' to new payroll tax system: state official

NEW YORK (Reuters) - Companies in New York state are "open to the idea" of moving the state income tax code to a payroll tax system, a senior state official told Reuters on Friday.