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U.S. business group lobbying surged as tax reform took shape: report

WASHINGTON (Reuters) - Lobbying by U.S. business groups including the U.S. Chamber of Commerce and the Business Roundtable surged in the last three months of 2017 as lawmakers negotiated and finalized legislation that deeply cut the taxes companies pay.

companyNews reuters.com

Nikkei gains, with real estate shares in spotlight

TOKYO, Jan 23 (Reuters) - Japan's Nikkei share average pushed higher on Tuesday, reaching for fresh multi-decade highs, with real estate and precision machinery shares gaining.

companyNews reuters.com

METALS-Copper extends gains amid persistent dollar weakness

BEIJING, Jan 23 (Reuters) - Copper prices continued to climb on Tuesday amid a persistent weak dollar, even as official data showed top producer China churned out a record volume of refined copper in December. FUNDAMENTALS * LME COPPER: Three-month copper on the London Metal Exchange rose 0.3 percent to $7,090 a tonne by 0153 GMT, extending its 0.4 percent gain in the previous session and on course for its highest close in a week. * SHFE COPPER: The most-traded March copper

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South Korea to ban cryptocurrency traders from using anonymous bank accounts

SEOUL (Reuters) - South Korea will ban the use of anonymous bank accounts in cryptocurrency trading from Jan. 30, the nation's financial regulator said on Tuesday.

Democratic Party nytimes.com

News Analysis: Democrats Blink in Shutdown Impasse, Hoping for a Bargain

Senate Democrats believe they are limiting damage from a political miscalculation by surrendering, but in doing so they are drawing a fierce backlash from the left.

businessNews reuters.com

Trump slaps steep U.S. tariffs on imported washers, solar panels

WASHINGTON/LOS ANGELES (Reuters) - U.S. President Donald Trump slapped steep tariffs on imported washing machines and solar panels on Monday, giving a boost to Whirlpool Corp and dealing a setback to the renewable energy industry in the first of several potential trade restrictions.

businessNews reuters.com

Asia stocks rise as end to U.S. government shutdown buoys Wall St., dollar steady

TOKYO (Reuters) - Asian stocks advanced on Tuesday after U.S. senators struck a deal to end a three-day government shutdown, sending Wall Street's main indexes to record highs and keeping the dollar well supported.

businessNews reuters.com

Netflix crosses $100 billion market capitalization as subscribers surge

(Reuters) - Netflix Inc snagged 2 million more subscribers than Wall Street expected in the final three months of 2017, tripling profits at the online video service that is burning money on new programming to dominate internet television around the world.

technologyNews reuters.com

Impinj shares pare gains as Amazon.com says no RFID used at automated store

SAN FRANCISCO (Reuters) - Shares of radio-frequency identification (RFID) chipmaker Impinj Inc pared gains on Monday after Amazon.com Inc said its new checkout-free grocery store, which opened to the public on Monday, does not use the technology.

Francis nytimes.com

Pope Apologizes to Abuse Victims but Again Doubts Them

The pope’s doubting of sexual abuse victims prompts concerns that he will not hold the church hierarchy fully accountable for its role in the crisis.

businessNews reuters.com

Bank of America wants more brokerage clients to be bank clients

NEW YORK (Reuters) - Bank of America is offering cash and interest rate incentives to Merrill Lynch clients for opening first-time checking and savings accounts as it tries to seize the large chunk of wealth that brokerage customers hold at other institutions.

businessNews reuters.com

ADM approach to Bunge marks potential U-turn on oilseed strategy

CHICAGO (Reuters) - Archer Daniels Midland Co's proposed takeover of Bunge Ltd could signal a change in the company's strategy on oilseeds, giving the top U.S. grain merchant a much bigger capacity to crush soy just months after ADM's chief executive said the firm would cut spending on the sector.

businessNews reuters.com

U.S. slaps steep tariffs on imported washers, solar panels

WASHINGTON/LOS ANGELES (Reuters) - U.S. President Donald Trump slapped steep tariffs on imported washing machines and solar panels on Monday, marking his first moves to erect trade restrictions under seldom-used trade laws that allow unilateral actions.

businessNews reuters.com

Netflix crosses $100 billion market cap as subscribers surge

(Reuters) - Netflix Inc snagged 2 million more subscribers than Wall Street expected in the final three months of last year, tripling profits at the online video service that is burning money on new programming to dominate internet television around the world.

businessNews reuters.com

Judge orders U.S. government to seek consent to give data to AT&T, Time Warner

WASHINGTON (Reuters) - The judge hearing the Justice Department's lawsuit to stop AT&T from buying Time Warner ordered the department on Monday to seek permission to give the two companies access to rivals' pricing data.

businessNews reuters.com

Puerto Rico to sell off crippled power utility PREPA

NEW YORK (Reuters) - Puerto Rico said on Monday it would sell off its troubled power utility to the private sector, saying the process could take roughly 18 months to complete.

businessNews reuters.com

Exclusive: Ackman cuts staff, shuns limelight as he seeks to turn around fund

BOSTON (Reuters) - William Ackman is cutting almost a fifth of staff and looking to lower his public profile as he seeks to turn around Pershing Square Capital Management after three straight years of losses, people familiar with the move told Reuters on Monday.

businessNews reuters.com

Bacardi to buy high-end tequila maker Patron in $5.1 billion deal

(Reuters) - Bacardi Ltd said on Monday it would buy high-end tequila maker Patron Spirits International AG in a $5.1 billion deal, hoping to become the second largest spirits company in the United States by market value.

healthNews reuters.com

'Inflammatory' diet linked to higher risk of colon cancer

(Reuters Health) - People who consume lots of foods linked to chronic inflammation, such as red meat and refined grains, may be more likely to develop colorectal cancer than individuals who tend to avoid these foods, a U.S. study suggests.

businessNews reuters.com

Netflix crosses $100 billion market cap on subscriber surge

(Reuters) - Netflix Inc snagged 8.33 million new streaming customers in the final quarter of last year - 2 million more than Wall Street expected - as the pioneering online video service kept pouring money into programming in a race to dominate internet television around the world.

businessNews reuters.com

SEC is scrutinizing overnight blockchain companies: chairman

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission (SEC) is scrutinizing public companies that change their name or business model in a bid to capitalize upon the hype surrounding blockchain technology, SEC Chairman Jay Clayton said on Monday.

businessNews reuters.com

Stocks hit record as senators reach deal to end shutdown

(Reuters) - U.S. stocks advanced on Monday as each of Wall Street's main scored records in the wake of a deal by U.S. senators to end the federal government shutdown.

businessNews reuters.com

Adobe lifts earnings forecast on tax reform boost

(Reuters) - Photoshop maker Adobe Systems Inc on Monday lifted its forecast for yearly earnings per share, helped by new U.S. tax laws, saying it expects its effective tax rate to decline "substantially."

businessNews reuters.com

What debt ceiling worries? Markets hum along

NEW YORK (Reuters) - Government shutdown? So yesterday. Debt ceiling? Yawn.

businessNews reuters.com

Icahn, Deason join forces to demand Xerox explore options

(Reuters) - Hedge fund managers Carl Icahn and Darwin Deason joined forces on Monday to push Xerox Corp to explore strategic options, oust its "old guard", including its CEO, and negotiate better terms for its decades-long deal with Japan's Fujifilm.

businessNews reuters.com

Facebook should pay 'trusted' news publishers carriage fee: Murdoch

(Reuters) - Media mogul Rupert Murdoch on Monday called on Facebook to pay "trusted" news publishers a carriage fee, similar to the model used by cable companies, amid efforts by the social media company to fight misinformation on its platform.

businessNews reuters.com

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.

worldNews reuters.com

Treaty opposing violence against women will lead to 'moral decay', Bulgarian church says

SOFIA (Reuters) - The Bulgarian Orthodox Church on Monday urged lawmakers not to ratify a treaty designed to combat violence against women and domestic violence, saying it was opening the door to "moral decay".

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.

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.

companyNews reuters.com

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

* Indexes: Dow down 0.05 pct, S&P up 0.26 pct, Nasdaq up 0.49 pct (Changes comment, updates prices, adds details)

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.

companyNews reuters.com

UPDATE 3-Higher oil prices give Halliburton better-than-expected 4th quarter

Jan 22 (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.

companyNews reuters.com

CEE MARKETS-Hungarian bonds erase months of gains, stocks hit record high

* Hungarian bonds extend losses on disappointing IRS tender * Hungary's 10-year yield back at Nov levels, off record lows * Hungarian stocks lead regional rise, hit record high * Czech central bank chief sees Feb. 1 rate hike (Adds Budapest stocks, Romania's failed auction) By Sandor Peto BUDAPEST, Jan 22 (Reuters) - Hungarian stocks surged to record highs on Monday and government bonds extended losses as investors continued to close positions after Thursday's disappoin

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.

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.

topNews reuters.com

Turkey expects swift campaign against U.S.-backed Kurds in Syria

HASSA, Turkey (Reuters) - Turkey shelled targets in northwest Syria on Monday and said it would swiftly crush the U.S.-backed Kurdish YPG fighters who control the Afrin region in an air and ground offensive that President Tayyip Erdogan said Russia had agreed to.

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.

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.

companyNews reuters.com

US STOCKS-Futures slightly lower as U.S. shutdown enters third day

Jan 22 (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

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.

topNews reuters.com

Turkey says campaign against U.S.-backed Kurdish force in Syria will be swift

HASSA, Turkey (Reuters) - Turkey shelled targets in northern Syria on Monday and said it would swiftly crush the U.S.-backed Kurdish YPG fighters who control the Afrin region, amid growing international concern over its three-day-old military operation.

topNews reuters.com

Turkey says campaign against US-backed Kurdish force in Syria will be swift

HASSA, Turkey (Reuters) - Turkey shelled targets in northern Syria on Monday and said it would swiftly crush the U.S.-backed Kurdish YPG fighters who control the Afrin region, amid growing international concern over its three-day-old military operation.

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.

companyNews reuters.com

BRIEF-Nasdaq - Agency For Cooperation Of Energy Regulators Continues To Use Co's Smarts For Pan-European Market Monitoring Of EU Wholesale Energy Markets

* NASDAQ - AGENCY FOR COOPERATION OF ENERGY REGULATORS CONTINUES TO USE CO'S SMARTS FOR PAN-EUROPEAN MARKET MONITORING OF EU WHOLESALE ENERGY MARKETS

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.

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.

companyNews reuters.com

EMERGING MARKETS-Rand at 2 1/2-yr highs, emerging stocks extend gains

LONDON, Jan 22 (Reuters) - South Africa's rand rose to its highest in more than two years on Monday amid growing expectations that scandal-tarnished President Jacob Zuma would soon be ousted, while emerging-market equities pushed to another near-decade high.

Books and Literature nytimes.com

Fiction: A Novel That Asks, What if Abortion Were Again Illegal?

“Red Clocks,” by Leni Zumas, imagines a dystopian near-future in which women are once again stripped of reproductive freedoms.

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.

worldNews reuters.com

Turkey says campaign against Kurdish YPG in Afrin will be swift

HASSA, Turkey (Reuters) - Turkey shelled targets in northern Syria on Monday and said its three-day-old operation against Kurdish YPG fighters who control the Afrin region would be completed swiftly.

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.

worldNews reuters.com

Philippines raises volcano alert again; hazardous eruption seen imminent

MANILA (Reuters) - The Philippines raised the alert level at its Mayon volcano on Monday after a loud explosion in the wake of increased activity made a hazardous eruption likelier, prompting authorities to close all schools and urge residents to stay indoors.

Macron, Emmanuel (1977- ) nytimes.com

Op-Ed Contributor: Coming to Davos: Macron and Trump Cross Paths Again

While the presidents of America and France have much in common, their ideas of greatness are continents apart.

companyNews reuters.com

Japan stocks eke out small gains as strong financials offset resources-related stocks

TOKYO, Jan 22 (Reuters) - Japanese stocks eked out small gains on Monday, with strength in securities and insurers offsetting falls in resources-related sectors including trading houses, steelmakers and shippers.

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.

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.

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.

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.

worldNews reuters.com

Greeks rally against use of "Macedonia" in name dispute with Skopje

THESSALONIKI, Greece (Reuters) - Hundreds of thousands of Greeks in the northern city of Thessaloniki rallied on Sunday to protest against the use of the name "Macedonia" in any solution to a row between Athens and Skopje over the name of the former Yugoslav republic.

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.

worldNews reuters.com

Iraq's supreme court rules against election delay

BAGHDAD (Reuters) - Iraq's Supreme Federal Court on Sunday ruled against calls by Sunni and Kurdish lawmakers to delay a parliamentary election, expected to be called for May, to allow hundreds of thousands of people displaced by war to return home.

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.

environmentNews reuters.com

Germany faces risks, higher costs without focus on green finance: report

BERLIN (Reuters) - Germany faces growing risks and high costs if it does not revamp its financial system to focus more on climate change and sustainability, according to a new report by the World Wildlife Fund and finance groups including Deutsche Boerse .

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.

worldNews reuters.com

Afghan Special Forces battle to regain control of Kabul hotel

KABUL (Reuters) - Afghan Special Forces moved through Kabul's Intercontinental Hotel floor by floor on Sunday fighting the surviving gunmen who attacked the hotel a day earlier, seizing hostages and staging an overnight siege.

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.

topNews reuters.com

Women's March protesters blast Trump as president touts gains

WASHINGTON (Reuters) - Thousands of women and their male supporters turned out on Saturday for the second Women's March, a nationwide series of protests against U.S. President Donald Trump marking the end of his tumultuous first year in office.

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.

worldNews reuters.com

Germany weighs new sanctions against Iran: report

BERLIN (Reuters) - Germany is lobbying among European allies to agree new sanctions against Iran in an attempt to prevent U.S. President Donald Trump from terminating an international deal curbing Tehran's nuclear program, Der Spiegel magazine reported on Saturday.

businessNews reuters.com

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.

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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.

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UPDATE 1-Ohio again asks U.S. regulators to stop drilling on Rover natgas pipe

Jan 19 (Reuters) - Ohio environmental regulators on Friday asked federal energy regulators to order Energy Transfer Partners LP to cease drilling operations on the Rover natural gas pipeline under the Tuscarawas River over concern about the potential for a spill.

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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 .

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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.

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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.

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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.

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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.

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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.

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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.

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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

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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.

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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.

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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.

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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.

companyNews reuters.com

Ohio again asks U.S. regulators to stop drilling on Rover natgas pipe

Jan 19 (Reuters) - Ohio environmental regulators on Friday asked federal energy regulators to order Energy Transfer Partners LP to cease drilling operations on the Rover natural gas pipeline under the Tuscarawas River over concern about the potential for a spill.

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.

domesticNews reuters.com

No charges anticipated against Las Vegas shooter's girlfriend: sheriff

(Reuters) - The sheriff of the Las Vegas Metropolitan Police Department said on Friday he does not foresee charges being filed against the girlfriend of Las Vegas gunman Stephen Paddock, who fatally shot 58 people last October.

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US STOCKS-S&P, Nasdaq hit records, Dow muted as govt shutdown looms

* Dow up 0.03 pct, S&P up 0.3 pct, Nasdaq up 0.5 pct (Updates to late afternoon, changes byline, adds dateline NEW YORK)

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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.

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No charges anticipated against girlfriend of Las Vegas shooter: sheriff

(Reuters) - The sheriff of the Las Vegas Metropolitan Police Department said on Friday he does not foresee charges being filed against the girlfriend of Las Vegas gunman Stephen Paddock, who fatally shot 58 people last October.

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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.

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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.

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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.

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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.

companyNews reuters.com

US STOCKS-Gains in consumer stocks prop up S&P, Nasdaq

* Dow off 0.15 pct, S&P 0.09 pct, Nasdaq 0.12 pct (Changes comment, updates prices, adds details)

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.

companyNews reuters.com

CORRECTED-UPDATE 2-Regions, SunTrust top profit estimates on higher interest rates

Jan 19 (Reuters) - Regions Financial Corp and SunTrust Banks Inc reported quarterly earnings on Friday that topped Wall Street expectations, benefiting from higher interest rates amid sluggish lending.

companyNews reuters.com

BRIEF-Elliott Believes Qualcomm Can Deliver Value To Shareholders At Prices For NXP Higher Than $135/Share

* ELLIOTT BELIEVES QUALCOMM CAN DELIVER VALUE TO ITS SHAREHOLDERS AT PRICES FOR NXP HIGHER THAN $135 PER SHARE

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.

companyNews reuters.com

US STOCKS-Amazon, Nike drive Wall Street higher

* Indexes up: Dow 0.05 pct, S&P 0.28 pct, Nasdaq 0.37 pct (Updates to open)

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.

companyNews reuters.com

BRIEF-Swedish Patent And Market Court Dismisses Allegations Towards Nasdaq

* JUDGEMENT FROM THE SWEDISH PATENT AND MARKET COURT - NASDAQ DISMISSED OF ALL ALLEGATIONS Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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CANADA STOCKS-TSX rises as broad-based gains offset losses for energy

TORONTO, Jan 19 (Reuters) - Canada's main stock index edged higher on Friday as broad-based gains offset losses for the energy group after oil prices fell.

companyNews reuters.com

US STOCKS SNAPSHOT-Wall St opens higher as investors shrug off shutdown fears

Jan 19 (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.

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.

companyNews reuters.com

BRIEF-Leading Edge Materials To Commence Trading On Nasdaq First North Stockholm

* LEADING EDGE MATERIALS TO COMMENCE TRADING ON NASDAQ FIRST NORTH STOCKHOLM

sportsNews reuters.com

Former world champion Fury regains license

(Reuters) - Former world heavyweight champion Tyson Fury is free to box again after the British Boxing Board of Control (BBBC) lifted his suspension subject to medical clearance.

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.

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.

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.

companyNews reuters.com

EMERGING MARKETS-Emerging stocks set for 6th week of gains, yuan at 2-yr high

LONDON, Jan 19 (Reuters) - Emerging stocks pushed to a fresh near-decade high and were set for a sixth straight week of gains on Friday after Chinese growth data lifted Asian markets to a record peak and the yuan to a two-year high.

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.

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.

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.

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.

companyNews reuters.com

S.Korean group files complaint against Apple CEO over iPhone slowdown

SEOUL, Jan 19 (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

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.

politicsNews reuters.com

Trump administration appeals against 'Dreamer' immigrant ruling to top court

WASHINGTON (Reuters) - The U.S. Justice Department asked the Supreme Court on Thursday to quickly overturn a lower court ruling that blocked President Donald Trump's move to end a program that protects hundreds of thousands of immigrants brought to the United States illegally as children.

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.

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.

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

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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.

domesticNews reuters.com

U.S. to dismiss charges against 129 people in Trump inaugural protests

WASHINGTON (Reuters) - The U.S. Justice Department intends to dismiss criminal charges against 129 defendants in connection with the protests that took place during President Donald Trump's Jan. 20, 2017 inauguration, according to a court filing on Thursday.

entertainmentNews reuters.com

Darabont files new lawsuit against AMC Networks over 'The Walking Dead'

NEW YORK (Reuters) - Frank Darabont, a key creator behind "The Walking Dead," on Thursday filed a second lawsuit against AMC Networks Inc, claiming to have been deprived of tens of millions of dollars of additional profit from the hit cable TV series.

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.

cnn.com

Trump's dealmaking mythology meets DC reality. Again.

For his entire adult life, and with special vigor during the 2016 campaign, President Donald Trump has insisted on his skills as a master negotiator.

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.

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

Wall St. ends lower as industrial shares weigh

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

businessNews reuters.com

Wells Fargo says resolved payment duplication glitch

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

worldNews reuters.com

Turkey seeks Russian approval for air campaign against Afrin

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

businessNews reuters.com

Uber-SoftBank deal has closed, making SoftBank largest shareholder

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

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.