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Wall St. touches records as Senate deals to end shutdown

(Reuters) - U.S. stocks advanced on Monday as each of Wall Street's main indexes touched a record intraday level after U.S. senators struck a deal to end the federal government shutdown.

businessNews reuters.com

U.S. says audit watchdog staff helped KPMG pass audit inspections

WASHINGTON (Reuters) - The U.S. government on Monday announced criminal and civil charges against three former staffers of an audit watchdog for allegedly providing confidential information to help accounting firm KPMG pass regulatory inspections.

businessNews reuters.com

Murdoch calls for 'fee' for trusted news publishers on Facebook

(Reuters) - News Corp's Rupert Murdoch on Monday called on Facebook Inc to pay "trusted" news publishers a carriage fee, similar to the model used by cable companies.

businessNews reuters.com

Halliburton upbeat on 2018 as oil recovery spreads

(Reuters) - U.S. oilfield services company Halliburton Co reported a bigger-than-expected adjusted quarterly profit on Monday and gave an upbeat outlook for 2018, as higher oil prices continue to push U.S. production to near-record levels.

businessNews reuters.com

Pakistan's PM says confident GE will fix 'technical' issues with gas turbines

ISLAMABAD (Reuters) - Prime Minister Shahid Khaqan Abbasi said on Monday that some of General Electric's flagship new gas turbines in Pakistan were still suffering from technical issues such as "vibration" but he was confident the American company will fix the problems.

businessNews reuters.com

Wall St. at session highs on deal to end U.S. shutdown

(Reuters) - Wall Street's main indexes were at session highs in afternoon trading on Monday after U.S. senators reached a deal to end the federal government shutdown.

businessNews reuters.com

Rogers ends Canadian joint venture with Vice Media

(Reuters) - Canada's Rogers Communications Inc said on Monday it agreed to end a joint venture in Vice Studio Canada and Viceland just three years after announcing it.

businessNews reuters.com

U.S. refiner PES pins bankruptcy plan hopes on biofuel costs

NEW YORK (Reuters) - Philadelphia Energy Solutions, owner of the largest U.S. East Coast refinery, said on Monday its plan to get out of bankruptcy hinges on whether it can shed existing biofuel costs under the country's renewable fuel laws.

companyNews reuters.com

UPDATE 2-U.S. refiner PES pins bankruptcy plan hopes on biofuel costs

NEW YORK, Jan 22 (Reuters) - Philadelphia Energy Solutions, owner of the largest U.S. East Coast refinery, said on Monday its plan to get out of bankruptcy hinges on whether it can shed existing biofuel costs under the country's renewable fuel laws.

businessNews reuters.com

U.S. says KPMG employees misappropriated secrets from oversight board

NEW YORK (Reuters) - U.S. prosecutors have charged six people, including former employees of accounting firm KPMG LLP and of the Public Company Accounting Oversight Board, with misusing confidential information from the board to help KPMG.

businessNews reuters.com

NAFTA's fate uncertain ahead of talks in Montreal

OTTAWA (Reuters) - The NAFTA trade agreement's future hangs in the balance this week as negotiators from the United States, Canada and Mexico try to settle major differences over revamping a pact that President Donald Trump has threatened to abandon.

businessNews reuters.com

Ford tests Focus prototype in U.S. ahead of China production launch

DETROIT (Reuters) - Ford Motor Co is testing prototypes of the redesigned 2020 Focus compact car on U.S. roads 18 months ahead of the car's production launch in China.

businessNews reuters.com

S&P, Nasdaq drift higher ahead of Senate vote on funding

(Reuters) - The S&P and the Nasdaq hit fresh records on Monday as investors bet U.S. lawmakers would strike a deal to end a federal government shutdown and as a flurry of deals buoyed sentiment.

Classical Music nytimes.com

At 100, the Cleveland Orchestra May (Quietly) Be America’s Best

Don’t expect fireworks from this soberly sensible orchestra, coming to Carnegie Hall this week. It’s an understated celebration.

businessNews reuters.com

NAFTA's fate uncertain ahead of final round of talks in Montreal

OTTAWA (Reuters) - The NAFTA trade agreement's future hangs in the balance this week as negotiators from the United States, Canada and Mexico try to settle major differences over revamping a pact that President Donald Trump has threatened to abandon.

businessNews reuters.com

Biotech M&A takes off as Sanofi and Celgene spend $20 billion

LONDON (Reuters) - Biotech deal activity exploded on Monday with French drugmaker Sanofi and U.S.-based Celgene spending a combined total of more than $20 billion to add new products for hemophilia and cancer to their medicine cabinets.

businessNews reuters.com

Icahn, Deason demand Xerox explore strategic options

(Reuters) - Hedge fund managers Carl Icahn and Darwin Deason demanded on Monday that Xerox Corp explore strategic alternatives and said they would join forces to elect four new members to the board, prodding the company's shares higher.

businessNews reuters.com

Tesco UK to cut net 800 jobs in cost-cutting drive

LONDON (Reuters) - Britain's biggest retailer Tesco said on Monday it will cut a net 800 jobs from its UK business in its latest move to simplify operations and achieve targeted cost savings.

businessNews reuters.com

Higher oil prices give Halliburton better-than-expected fourth quarter

(Reuters) - U.S. oilfield services company Halliburton Co reported a bigger-than-expected fourth-quarter profit after charges and gave an upbeat outlook for 2018, as higher oil prices continue to push U.S. production near record levels.

businessNews reuters.com

Dow under pressure as industrial stocks weigh

(Reuters) - The S&P and the Nasdaq were marginally higher on Monday, while losses in industrial stocks such as General Electric and Boeing as well as Apple weighed on the Dow.

businessNews reuters.com

Jaguar Land Rover to cut output due to Brexit, diesel uncertainty to hit sales

LONDON (Reuters) - Britain's biggest carmaker Jaguar Land Rover will temporarily reduce production at its northern English car plant in Halewood later this year in response to weakening demand due to Brexit and tax hikes on diesel cars.

businessNews reuters.com

S&P opens lower as U.S. shutdown extends

(Reuters) - The benchmark S&P 500 index opened lower on Monday, weighed down by losses in Boeing, Apple and General Electric, and as a U.S. government shutdown entered its third day.

businessNews reuters.com

AIG to buy reinsurer Validus for $5.56 billion

(Reuters) - American International Group on Monday said it would buy Validus Holdings for $5.56 billion in cash to strengthen its reinsurance business, the company's first deal under Chief Executive Brian Duperreault.

businessNews reuters.com

Halliburton fourth-quarter profit beats, firm takes charge for Venezuela

(Reuters) - U.S. oilfield services company Halliburton Co reported a bigger-than-expected fourth-quarter profit, as higher oil prices pushed U.S. production to record levels.

businessNews reuters.com

Icahn, Deason push Xerox to explore strategic options

(Reuters) - Investors Carl Icahn and Darwin Deason said on Monday that photocopier pioneer Xerox Corp should immediately start a process to explore strategic alternatives.

technologyNews reuters.com

Deutsche Boerse creates index using algorithm to track AI leaders like Apple

FRANKFURT (Reuters) - Deutsche Boerse has launched an index that tracks companies that are leaders in artificial intelligence (AI) by using an algorithm to identify early adopters of the technology.

businessNews reuters.com

Nestle investor Third Point urges company to speed up disposals

LONDON (Reuters) - U.S. activist investor Third Point called on the board of Swiss company Nestle to clarify its corporate strategy and speed up the disposal of "ill-fitting businesses", in a letter to investors seen by Reuters.

businessNews reuters.com

Stocks shrug off U.S. government shutdown, dollar dips

LONDON (Reuters) - World stocks and U.S. bond markets on Monday shrugged off a government shutdown in Washington, although the dollar pulled back and wallowed near three-year lows as the euro resumed its strong start to the year.

businessNews reuters.com

AIG to buy reinsurer Validus Holdings for $5.56 billion

(Reuters) - American International Group on Monday said it would buy Validus Holdings for $5.56 billion in cash to strengthen its reinsurance business, the company's first deal under Chief Executive Brian Duperreault.

sportsNews reuters.com

Dutch team player Blokhuijsen hopes for solo success

(Reuters) - Jan Blokhuijsen was part of the formidable Dutch speed skating squad that won gold in the team pursuit in Sochi and while he has come to be known as a real 'team player' he will be setting his sights on a first individual Olympic title in Pyeongchang.

businessNews reuters.com

Stock futures slightly lower as U.S. shutdown enters third day

(Reuters) - Wall Street was set to start the week slightly lower as a U.S. government shutdown entered its third day, while investors mulled over a flurry of multi-billion corporate mergers.

businessNews reuters.com

Halliburton beats on fourth quarter profit, makes tax provision

(Reuters) - Halliburton Co posted a much bigger than expected quarterly profit in the fourth quarter, benefiting from a shale-driven surge in U.S. oil production towards 10 million barrels per day.

businessNews reuters.com

Euro schism reopens in central Europe as EU pushes reform

ESZTERGOM, Hungary/STUROVO, Slovakia (Reuters) - On the euro zone's eastern flank, some Slovaks in the border town of Sturovo wish their country had never opted for the common currency and now head over the Danube to Hungary for the cheaper shopping.

businessNews reuters.com

AIG to buy reinsurer Validus Holdings for $5.56 billion in cash

(Reuters) - American International Group on Monday said it would buy property and casualty reinsurer Validus Holdings for $5.56 billion in cash to strengthen its general insurance business.

businessNews reuters.com

Aston Martin hit by Daimler steering-column recall

PARIS (Reuters) - Aston Martin has become the latest carmaker to be caught up in a major recall of faulty Daimler steering-column components that can cause unintended airbag deployments.

businessNews reuters.com

Germany confirms Audi recall due to illicit emission-control device

BERLIN (Reuters) - Germany's transport ministry confirmed a media report on Monday that the KBA automotive watchdog detected illicit emission-control software in Audi's latest Euro-6 diesel models and ordered a recall of the vehicles.

companyNews reuters.com

UPDATE 1-Iraq, Orion sign deal to process gas from giant oilfield

BAGHDAD, Jan 22 (Reuters) - Iraq agreed a deal with U.S. energy company Orion on Monday to process natural gas extracted at its giant Nahr Bin Omar oilfield.

entertainmentNews reuters.com

China takes aim at hip-hop, saying 'low-taste content' must stop

BEIJING/SHANGHAI (Reuters) - China's censors have a new target in a widespread clamp-down on popular culture: the country's nascent hip-hop scene, which resonated with Chinese youth last year on hugely popular television show "Rap of China."

businessNews reuters.com

Stocks shrug off U.S. shutdown, dollar dips

LONDON (Reuters) - World stocks and U.S. bond markets on Monday shrugged off a government shutdown in Washington, although the dollar pulled back as the euro continued its strong start to the year.

businessNews reuters.com

Sanofi digs deep to buy U.S. haemophilia group Bioverativ for $11.6 billion

PARIS (Reuters) - French healthcare group Sanofi has agreed to buy U.S. haemophilia specialist Bioverativ for $11.6 billion, its biggest deal for seven years, which it said would strengthen its presence in treatments for rare diseases.

environmentNews reuters.com

China's war on smog hits fertilizer, pesticide output in December: stats

BEIJING (Reuters) - China's fertilizer and pesticide output fell in December to their lowest on records going back to February 2015, data showed on Monday, as Beijing's war on smog and efforts to ensure winter heating forced producers to suspend operations.

Volcanoes nytimes.com

Philippines Raises Alert Level as Mayon Volcano Eruption Intensifies

The volcano is in a stage of “intense unrest” that could trigger a hazardous eruption at any time.

worldNews reuters.com

South Korea's Moon hopes inter-Korean thaw 'opens door' for nuclear talks with U.S.

SEOUL (Reuters) - South Korean President Moon Jae-in said on Monday a thaw in relations between the two Koreas ahead of next month's Winter Olympics presented a "precious chance" to bring about talks between the United States and North Korea over Pyongyang's nuclear and missile programs.

sportsNews reuters.com

Snooker: China Open raises stakes after pocketing lucrative deal

(Reuters) - This year's China Open will become only the second snooker tournament after the world championship to offer one million pounds ($1.39 million) in prize money following a new four-year deal with its promoters, the organizers have announced.

businessNews reuters.com

Sanofi to buy U.S. haemophilia group Bioverativ for $11.6 billion

PARIS (Reuters) - French healthcare group Sanofi has agreed to buy U.S. haemophilia specialist Bioverativ for $11.6 billion, in a deal which it said would boost earnings and strengthen its presence in treatments for rare diseases.

businessNews reuters.com

Wall Street futures, dollar dip after U.S. government shutdown, Asia resilient

TOKYO (Reuters) - Wall Street stock futures and the dollar pulled back slightly on Monday after the U.S. government was forced to shut down amid a dispute between President Donald Trump and Democrats over immigration.

businessNews reuters.com

Exclusive: U.S. sanctions curb Microsoft sales to hundreds of Russian firms

MOSCOW (Reuters) - Two of Microsoft's official distributors in Russia have imposed restrictions on sales of Microsoft software to more than 200 Russian companies following new U.S. sanctions, according to notifications circulated by the distributors.

businessNews reuters.com

Sanofi confirms deal to buy Bioverativ for $11.6 billion

PARIS (Reuters) - French healthcare group Sanofi has agreed to buy U.S. peer Bioverativ for $11.6 billion, in a deal which Sanofi said would boost its earnings and strengthen its presence in the field of treatment for rare diseases.

companyNews reuters.com

U.S. soy cargo to China traded using blockchain

LONDON, Jan 22 (Reuters) - A cargo of U.S. soybeans shipped to China has become the first fully-fledged agricultural trade conducted using blockchain, participants said on Monday.

businessNews reuters.com

Icahn, Deason to jointly push Xerox to explore selling itself, other options: WSJ

(Reuters) - Investor Carl Icahn and Darwin Deason, the biggest- and third-largest shareholders of Xerox Corp, jointly plan to push the printer and photocopier maker to explore options, including a sale of the firm, the Wall Street Journal reported on Sunday.

businessNews reuters.com

Oil rises as Saudi Arabia says producers will cooperate beyond 2018

SINGAPORE (Reuters) - Oil prices climbed on Monday, pushed higher by comments from Saudi Arabia that cooperation between oil producers who are currently withholding supplies in an effort to prop up the market would continue beyond 2018.

businessNews reuters.com

Sanofi set to buy Bioverativ for more than $11.5 billion: WSJ

(Reuters) - Sanofi SA is close to a deal to take over U.S. drug maker Bioverativ Inc for more than $11.5 billion, the Wall Street Journal reported, citing people familiar with the matter.

businessNews reuters.com

Toshiba considering IPO for memory chip unit: FT

TOKYO (Reuters) - Toshiba Corp is considering an IPO of its prized memory chip business if an agreed $18 billion sale of the unit to Bain Capital fails to gain antitrust approval by the end of March, the Financial Times reported on Monday.

businessNews reuters.com

Oil prices rise on decline in U.S. drilling, Syria conflict

SINGAPORE (Reuters) - Oil prices climbed on Monday, pushed up by a drop in U.S. drilling activity and by fighting in Syria between Turkish forces and Kurdish fighters.

topNews reuters.com

China's top paper says U.S. forcing China to accelerate South China Sea deployments

BEIJING (Reuters) - China's top newspaper, decrying Washington as a trouble-maker, said on Monday U.S. moves in the South China Sea like last week's freedom of navigation operation will only cause China to strengthen its deployments in the disputed waterway.

businessNews reuters.com

Global stocks, dollar sag after U.S. government shutdown

TOKYO (Reuters) - Financial markets in the United States and Asian stocks took a knock early on Monday after the U.S. government was forced to shut down amid a dispute between President Donald Trump and Democrats over immigration.

businessNews reuters.com

Icahn, Deason call on Xerox to explore options, including sale: WSJ

(Reuters) - Hedge fund investor Carl Icahn and another major owner of Xerox Corp stock, Darwin Deason, are pushing the digital print technology provider to explore strategic alternatives, including a sale, the Wall Street Journal reported on Sunday.

businessNews reuters.com

Exclusive: Philadelphia Energy Solutions to file for bankruptcy - memo

(Reuters) - Philadelphia Energy Solutions LLC, the owner of the largest U.S. East Coast oil refining complex, announced to its employees on Sunday that it plans to file for Chapter 11 bankruptcy, according to an internal memo reviewed by Reuters.

businessNews reuters.com

U.S. stock index futures dip after government shutdown continues

(Reuters) - Stock investors gave a muted reaction to the second day of a U.S. government shutdown on Sunday, with U.S. stock index futures dipping only slightly on expectations that the political impasse will not hurt the U.S. economy.

cnn.com

The 1% grabbed 82% of all wealth created in 2017

cnn.com

China's enduring love of steam trains

A steam locomotive winding through a mountainous landscape is an unforgettable sight.

businessNews reuters.com

Wal-Mart shops Brazil unit stake to Advent, other funds: sources

SAO PAULO (Reuters) - Wal-Mart Stores Inc is in talks with buyout firm Advent International Corp and other funds to sell a major stake in its Brazilian operations, two people with direct knowledge of the matter said on Sunday.

businessNews reuters.com

U.S. stock index futures slip after government shutdown continues

(Reuters) - U.S. stock index futures slipped on Sunday after a government shutdown continued into a second day.

businessNews reuters.com

Facebook to open digital training hubs in Europe

BRUSSELS (Reuters) - Facebook said on Monday it will open three new centers in Europe to train people in digital skills and committed to training one million people over the next two years, part of the social media giant's drive to show its contribution to the bloc.

businessNews reuters.com

Stock-focused hedge funds post biggest gains among top performers

BOSTON (Reuters) - Hedge funds managers who bet on stocks scored some of the industry's biggest gains in 2017, when equity markets galloped past a series of critical milestones, according to a new list of the top 20 all-time performers.

businessNews reuters.com

Advent in talks to buy 50 percent of Wal-Mart's Brazilian unit: report

SAO PAULO (Reuters) - Private equity firm Advent is in talks to buy 50 percent of Wal-Mart Stores Inc's operations in Brazil, according to a report in Brazil's O Globo newspaper on Sunday.

businessNews reuters.com

Wall Street Week Ahead: Where Netflix goes, Big Tech may follow

SAN FRANCISCO (Reuters) - Netflix Inc's quarterly results on Monday may offer an advanced preview of whether Facebook Inc , Amazon.com Inc and other heavyweights behind much of the U.S. stock market's record-breaking rally can keep delivering.

businessNews reuters.com

Contrite Facebook executives seek to ward off more European rules

MUNICH (Reuters) - Facebook executives are fanning out across Europe this week to address the social media giant’s slow response to abuses on its platform, seeking to avoid further legislation along the lines of a new hate speech law in Germany it says goes too far.

businessNews reuters.com

Amazon's automated grocery store of the future opens Monday

SEATTLE (Reuters) - Amazon.com Inc will open its checkout-free grocery store to the public on Monday after more than a year of testing, the company said, moving forward on an experiment that could dramatically alter brick-and-mortar retail.

businessNews reuters.com

Oil producers will cooperate beyond 2018, says Saudi Arabia

MUSCAT (Reuters) - Global oil producers are in agreement that they should continue cooperating on production after their deal on supply cuts expires at the end of this year, Saudi Arabia's energy minister Khalid al-Falih said on Sunday.

businessNews reuters.com

Audi ordered to recall 127,000 vehicles over emissions -paper

FRANKFURT (Reuters) - Germany's KBA automotive watchdog has detected illicit emission-control software in Audi's latest Euro-6 diesel models and has ordered a recall of 127,000 vehicles, Bild am Sonntag reported.

businessNews reuters.com

Saudi energy minister urges oil producers to extend cooperation beyond 2018

MUSCAT (Reuters) - Saudi Arabia's energy minister urged global oil producing nations on Sunday to extend their cooperation beyond 2018, but said this might mean a new form of deal rather than continuing the same supply cuts that have boosted prices in recent months.

businessNews reuters.com

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

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

worldNews reuters.com

China says U.S. warship violated its South China Sea sovereignty

SHANGHAI (Reuters) - A U.S. Navy destroyer sailed near a disputed shoal claimed by China in the South China Sea this week, U.S. officials said on Saturday, and Beijing vowed to take "necessary measures" to protect its sovereignty.

businessNews reuters.com

ADM pursues big ag merger with grain trader Bunge: source

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

businessNews reuters.com

Deutsche Telekom expects steady dividend hikes: paper

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

Trump, Donald J nytimes.com

Trump Accuses Democrats of Playing ‘Shutdown Politics’ on Anniversary

President Trump charged that the party had orchestrated the crisis to detract from the anniversary of his inauguration.

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

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

vis-photo nytimes.com

Where China Built Its Bomb, Dark Memories Haunt the Ruins

The birthplace of China’s nuclear arsenal is now a patriotic showpiece, celebrating its scientists as heroes. But traumatic parts of its history go unmentioned.

worldNews reuters.com

China accuses U.S. warship of violating its sovereignty

SHANGHAI (Reuters) - China's foreign ministry has accused a U.S. warship of entering its territorial waters without permission and said it would take "necessary measures" to ensure its sovereignty is protected.

environmentNews reuters.com

China draws up new 'special' emission curbs on industries

SHANGHAI (Reuters) - China will impose "special emissions restrictions" on enterprises in major industrial sectors in northern China later this year, as it bids to ensure its war on pollution continues once a tough winter anti-smog campaign ends in March.

businessNews reuters.com

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

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

businessNews reuters.com

ADM pursues big ag merger with grain trader Bunge: WSJ

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

topNews reuters.com

Trump administration says U.S. mistakenly backed China WTO accession in 2001

WASHINGTON (Reuters) - The United States mistakenly supported China's membership of the World Trade Organization in 2001 on terms that have failed to force Beijing to open its economy, the Trump administration said on Friday as it prepares to clamp down on Chinese trade.

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

ADM has made takeover approach to Bunge: WSJ

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

businessNews reuters.com

FTC makes second request on Broadcom's bid for Qualcomm

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

businessNews reuters.com

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

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

technologyNews reuters.com

Ex-IBM employee from China gets five years prison for stealing code

NEW YORK (Reuters) - A former software engineer for IBM in China was sentenced to five years in prison after he pleaded guilty to stealing proprietary source code from the company, prosecutors announced on Friday.

businessNews reuters.com

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

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

Defense and Military Forces nytimes.com

Airliners Have Become China’s Newest Means of Pressuring Taiwan

China has opened a new air route for civilian airliners through the tense Taiwan Strait, at a time when it is also sending bombers and warships near Taiwan.

businessNews reuters.com

Archer Daniels has made takeover approach to Bunge: WSJ

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

businessNews reuters.com

GE shares stumble to worst week since financial crisis

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

businessNews reuters.com

Wall Street ends higher despite government shutdown threat

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

businessNews reuters.com

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

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

businessNews reuters.com

Delaware sues opioid manufacturers, distributors over epidemic

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

General Electric shares drop for fifth straight session

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

Gains in consumer stocks prop up S&P, Nasdaq

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

businessNews reuters.com

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

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

politicsNews reuters.com

Pentagon puts countering China, Russia at center of U.S. defense strategy

WASHINGTON (Reuters) - The U.S. military has put countering China and Russia at the heart of a new national defense strategy unveiled on Friday, the latest sign of shifting American priorities after more than a decade and a half of focusing on the fight against Islamist militants.

businessNews reuters.com

Amazon, Nike drive Wall Street higher

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

businessNews reuters.com

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

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

businessNews reuters.com

Wall Street opens higher as investors shrug off shutdown fears

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

businessNews reuters.com

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

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

companyNews reuters.com

BRIEF-Schlumberger says to fund 2018 activity growth without raising capex from 2017 levels

* SCHLUMBERGER SAYS RETURN TO GROWTH IN INTERNATIONAL MARKET WILL REPRESENT "SIGNIFICANT BOOST TO OUR EARNINGS POWER" - CONF CALL

sportsNews reuters.com

Svindal boosts Olympic medal hopes with Super G win

KITZBUEHEL, AUSTRIA (Reuters) - Aksel Lund Svindal produced a majestic run on a shortened course to win a World Cup Super G race ahead of fellow Norwegian Kjetil Jansrud on Friday and boost his confidence ahead of the Feb 9-25 winter Olympics in Pyeongchang.

businessNews reuters.com

NAFTA talks seen ending happily, despite growls from Trump

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

businessNews reuters.com

Delta Air to tighten onboard emotional support animal requirements

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

environmentNews reuters.com

China says sunken Iranian tanker may now be leaking heavy oil

BEIJING (Reuters) - A sunken Iranian oil tanker may be leaking heavy bunker fuel as well as light oil off the east coast of China and the best remedy was to recover the vessel, officials said on Friday.

businessNews reuters.com

Futures climb as investors shrug off government shutdown fears

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

businessNews reuters.com

Lowe's names two directors after talks with activist investor

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

worldNews reuters.com

China to enshrine Xi's thought into state constitution amid national 'fervor'

BEIJING (Reuters) - China's ruling Communist Party will enshrine President Xi Jinping's political thought into the country's constitution, state media said on Friday, further solidifying his power following its addition last year to the party constitution.

worldNews reuters.com

China to enshrine Xi's thought into state constitution

BEIJING (Reuters) - China's ruling Communist Party will enshrine President Xi Jinping's political thought into the country's constitution, state media said on Friday, further solidifying his power following its addition last year to the party constitution.

businessNews reuters.com

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

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

technologyNews reuters.com

China targets cryptocurrencies in online pyramid scheme crackdown

(Reuters) - China will crack down on online pyramid schemes, including speculation masked as cryptocurrencies and online games, the public security ministry said on Friday.

Censorship nytimes.com

Executive Behind Facebook’s China Charm Campaign Is Out

Facebook’s lead liaison with Beijing has left the company without getting the social network access to China’s huge internet market.

politicsNews reuters.com

China looks to call bluff on Trump trade action

BEIJING (Reuters) - As influential voices within the U.S. business community warn China that U.S. President Donald Trump is serious about tough action over Beijing's trade practices, there is little sense of a crisis in the Chinese capital, where officials think he is bluffing.

businessNews reuters.com

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

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

worldNews reuters.com

Taiwan stymies new China flights amid route row, official says

TAIPEI/SHANGHAI (Reuters) - Taiwan's aviation regulator has stalled applications for new flights from China Eastern Airlines and Xiamen Airlines amid a row between Beijing and the self-ruled island over air routes, a regulatory official said on Friday.

worldNews reuters.com

Taiwan stymies new China flights amid route row: official

TAIPEI (Reuters) - Taiwan's aviation regulator has not approved applications from China Eastern Airlines and Xiamen Airlines to increase flights during the upcoming Lunar New Year holiday, an official with the regulator told Reuters.

companyNews reuters.com

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

LONDON, Jan 18 (Reuters) - Nigeria has filed a claim against JP Morgan Chase for more than $875 million, accusing it of negligence in transferring funds from a disputed 2011 oilfield deal to a company controlled by the country's former oil minister.

businessNews reuters.com

Emirates A380 orders allow Airbus to maintain minimum production - COO

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

businessNews reuters.com

Wall Street traders brace for meager paychecks as bonus season approaches

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

businessNews reuters.com

Asia stocks rise on China growth, U.S. govt. funding woes dent dollar

TOKYO (Reuters) - Asia stocks shook off losses on Wall Street and edged up to record highs on Friday following China's announcement of faster-than-expected fourth quarter growth, while worries over a possible U.S. government shutdown weighed on the dollar.

companyNews reuters.com

GLOBAL MARKETS-Asia stocks rise on China growth, US govt funding woes dent dollar

* Evidence of accelerated Chinese econ growth support sentiment

Cold War Era nytimes.com

Stansfield Turner, C.I.A. Director Who Confronted Communism Under Carter, Dies at 94

Mr. Turner, who led the Central Intelligence Agency under President Jimmy Carter, started small covert actions that grew into some of the biggest battles of the Cold War.

environmentNews reuters.com

China says sunken Iranian tanker may be leaking bunker fuel

BEIJING (Reuters) - Bunker fuel may now be leaking from the Iranian oil tanker that sank in the East China Sea last Sunday, China's State Oceanic Administration (SOA) said, underlining fears for contamination from the world's worst oil ship disaster in decades.

worldNews reuters.com

China detains rights lawyer critical of President Xi Jinping: wife

BEIJING (Reuters) - Beijing authorities on Friday took outspoken rights lawyer Yu Wensheng into custody as he was taking his child to school, his wife told Reuters, days after Yu said he was stripped of his legal license for criticizing President Xi Jinping.

technologyNews reuters.com

Google announces patent agreement with Tencent amid China push

BEIJING (Reuters) - Alphabet Inc's Google has agreed to a patent licensing deal with Tencent Holdings Ltd as it looks for ways to expand in China where many of its products, such as app store, search engine and email service, are blocked by regulators.

companyNews reuters.com

UPDATE 1-Google announces patent agreement with Tencent amid China push

* Deal comes as Google looks to expand its presence in China (Adds context, details from statement)

businessNews reuters.com

Asia stocks set record highs, U.S. government funding woes weigh on dollar

TOKYO (Reuters) - Asia stocks edged up to record highs on Friday, although losses on Wall Street slowed the advance, while worries over a possible U.S. government shutdown weighed on the dollar.

businessNews reuters.com

SEC says bitcoin funds raise 'investor protection issues'

(Reuters) - The U.S. securities regulator on Thursday raised alarm about the safety of bitcoin-themed investments, telling the fund industry they want answers to their concerns before endorsing more than a dozen proposed products based on cryptocurrencies.

cnn.com

WSJ: Cohen paid porn star through private LLC created just weeks before election

Just weeks before the 2016 presidential election, President Donald Trump's lawyer formed a private LLC to pay a former porn star in exchange for not speaking publicly about an alleged sexual encounter with the then-candidate, The Wall Street Journal reported Thursday.

businessNews reuters.com

South Korean group files complaint against Apple CEO over iPhone slowdown

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

businessNews reuters.com

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

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

businessNews reuters.com

SEC questions prospects of bitcoin ETFs

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

companyNews reuters.com

Google announces patent agreement with China's Tencent

BEIJING, Jan 19 (Reuters) - Alpahbet Inc's Google said it had agreed to a patent cross-licensing deal with Chinese social media and gaming firm Tencent Holdings Ltd, the U.S. company said on Friday.

businessNews reuters.com

Asia stocks set record highs, U.S. govt. funding woes weigh on dollar

TOKYO (Reuters) - Asia stocks edged up to record highs on Friday, although losses on Wall Street slowed the advance, while worries over a possible U.S. government shutdown weighed on the dollar.

companyNews reuters.com

METALS-Shanghai aluminium prices climb after China GDP boost

BEIJING, Jan 19 (Reuters) - Shanghai aluminium prices rose on Friday, buoyed by the first acceleration in China's GDP growth in seven years, even as the country's output of the metal posted a surprise jump for December. FUNDAMENTALS * SHFE ALUMINIUM: The most-traded aluminium contract on the Shanghai Futures Exchange (ShFE) was up 1 percent at 14,770 yuan ($2,307.56) a tonne at 0202 GMT, but still on course for a weekly drop of 2.3 percent. * LME ALUMINIUM: In London, three mo

politicsNews reuters.com

Ex-CIA Director Stansfield Turner dead at 94; served under Carter

WASHINGTON (Reuters) - Stansfield Turner, a Navy admiral and Rhodes Scholar who was Director of Central Intelligence under President Jimmy Carter, died on Jan. 18 at home in Seattle, Washington. He was 94.

businessNews reuters.com

Possible Buffett successor Jain reports $109 million Berkshire stake

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

businessNews reuters.com

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

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

companyNews reuters.com

UPDATE 2-United States wins WTO chicken ruling against China

GENEVA, Jan 19 (Reuters) - The United States largely won a World Trade Organization ruling on Thursday that China had failed to comply with an earlier ruling against its punitive tariffs on U.S. broiler chickens.

businessNews reuters.com

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

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

businessNews reuters.com

Asia stocks near record highs, U.S. funding woes weigh on dollar

TOKYO (Reuters) - Asia stocks edged higher on Friday and were within reach of record highs, although losses on Wall Street slowed the advance, while worries over a possible U.S. government shutdown weighed on the dollar.

healthNews reuters.com

China births drop 3.5 percent in 2017 - China Daily

SHANGHAI (Reuters) - Births in mainland China fell by 3.5 percent to 17.23 million last year, the China Daily reported on Friday, citing figures from the country's statistics bureau.

businessNews reuters.com

SoftBank is now Uber's largest shareholder as deal closes

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

businessNews reuters.com

At AstraZeneca, fewer drug projects bring big productivity jump

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

businessNews reuters.com

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

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

businessNews reuters.com

Outback Australians grounded as pilot crisis worsens

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

businessNews reuters.com

IBM returns to growth, but shares drop after recent rally

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

businessNews reuters.com

Wall St. pauses rally as utilities, industrials fall

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

Apple says it will decide new campus site without an auction

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

businessNews reuters.com

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

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

businessNews reuters.com

Judge tosses GM settlement on ignition switch

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

North Korea nytimes.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

Wall St. ends lower as industrial shares weigh

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

businessNews reuters.com

Wells Fargo says resolved payment duplication glitch

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

businessNews reuters.com

Uber-SoftBank deal has closed, making SoftBank largest shareholder

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

CIBC eyes FirstCaribbean valuation around $1.4 billion: sources

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

Deutsche Bank CEO says overhaul will take time

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

businessNews reuters.com

Wall St. rally falters as healthcare, industrials drag

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

businessNews reuters.com

Nestle nominates three board directors to help advance strategy

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

Exclusive: Blackstone's Hill hands hedge fund reins to McCormick

BOSTON (Reuters) - After nearly two decades of growing Blackstone Group into the world's biggest hedge fund investor with some $74 billion in assets, J. Tomilson Hill is passing the baton.

companyNews reuters.com

UPDATE 1-United States wins WTO chicken ruling against China

GENEVA, Jan 18 (Reuters) - The United States largely won a World Trade Organization ruling on Thursday that China had failed to comply with an earlier ruling against its punitive tariffs on U.S. broiler chickens.

businessNews reuters.com

Wall Street slips from record as healthcare, energy drag

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

businessNews reuters.com

WhatsApp inches closer to revenue plan with accounts for businesses

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

healthNews reuters.com

U.S. government creates health division for 'religious freedom'

(Reuters) - The U.S. government will create a division within its health agency that focuses on guaranteeing "conscience and religious freedom" for health workers who say their beliefs prevent them from carrying out abortions and other procedures.

businessNews reuters.com

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

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

companyNews reuters.com

TREASURIES-Benchmark yields at 10-month high on strong China data

* U.S. 10-year yields hit highest since March * 10-year inflation breakeven rate highest since March * Two-year yields highest since September 2008 By Kate Duguid NEW YORK, Jan 18 - Yields on U.S. 10-year notes reached a 10-month high on Thursday after China reported fourth-quarter growth that accelerated for the first time in seven years. China's gross domestic product grew 6.8 percent in the October to December period from a year earlier. An export recovery helped the

businessNews reuters.com

Morgan Stanley tops estimates on underwriting, wealth management

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

businessNews reuters.com

Wall Street slips as healthcare, energy stocks drag

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

worldNews reuters.com

China is a disruptive force, U.S. Pacific military chief says

NEW DELHI (Reuters) - The head of the U.S. military's Pacific command called China a disruptive power in the Indo-Pacific region on Thursday and urged countries in the area to build capabilities and work together to ensure free and open seas.

businessNews reuters.com

Wall Street opens flat as energy stocks weigh

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

businessNews reuters.com

EU antitrust regulators clear Qualcomm purchase of NXP

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

businessNews reuters.com

Emirates hands Airbus A380 superjumbo a lifeline with $16 billion order

NANTES, France (Reuters) - Emirates announced a deal for up to 36 Airbus A380 aircraft on Thursday worth as much as $16 billion at list prices, saving the world's biggest passenger jet from death row and securing its future for at least another decade.

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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