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Alibaba, Tencent rally troops amid $10 billion retail battle

SHANGHAI (Reuters) - China's tech giants Alibaba Group Holding Ltd and Tencent Holdings Ltd , worth a combined $1 trillion, are on a retail investment binge, forcing merchants to choose sides amid a battle for shoppers' digital wallets.

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South Korea's Moon bemoans GM plant closure move, calls on government to help workers

SEOUL (Reuters) - South Korean President Moon Jae-in said on Monday General Motors Co's (GM) decision to shut down a factory south of Seoul will hurt that region, and called upon his administration to take measures to boost economic activity there.

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India's federal investigators close bank branch at heart of fraud

MUMBAI/NEW DELHI (Reuters) - Indian investigators closed down a branch of a state-run bank that is at the heart of a $1.77 billion fraud and questioned more of its employees as they probed the biggest scam in the country's banking history, police sources said on Monday.

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Asian shares extend global recovery as volatility subsides

TOKYO (Reuters) - Asian shares gained on Monday, joining a global recovery for equity markets as sentiment improved gradually from a recent shakeout that was sparked by fears of creeping inflation and higher borrowing costs.

businessNews reuters.com

India's federal investigator seals PNB branch at heart of fraud: state TV

NEW DELHI (Reuters) - India's federal police has sealed the Mumbai branch of Punjab National Bank at the center of a $1.77 billion loan fraud involving billionaire jeweler Nirav Modi, state television said on Monday.

businessNews reuters.com

For timing of Aramco IPO, watch forward oil price curve

LONDON (Reuters) - It's the burning question in the oil industry: when will Saudi Arabia pull the trigger on the Aramco stock market listing?

companyNews reuters.com

UPDATE 2-Australia's Domain steady in slipping property market, shares rise

* Domain posts 12.5 pct revenue rise in stalled property market

environmentNews reuters.com

Air New Zealand warns of flight disruptions as Cyclone Gita bears down

WELLINGTON (Reuters) - Air New Zealand warned on Monday flights in and out of New Zealand faced major disruptions this week due to Cyclone Gita, set to hit the country on Tuesday, and encouraged passengers to defer traveling.

businessNews reuters.com

Asian shares extend global recovery, volatility subsides

TOKYO (Reuters) - Asian shares ticked up on Monday, joining a global recovery for equity markets as sentiment improved gradually from a recent shakeout that stemmed from fears of creeping inflation and higher borrowing costs.

companyNews reuters.com

GLOBAL MARKETS-Asian shares extend global recovery, volatility subsides

TOKYO, Feb 19 (Reuters) - Asian shares ticked up on Monday, joining a global recovery for equity markets as sentiment improved gradually from a recent shakeout that stemmed from fears of creeping inflation and higher borrowing costs.

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Lego builds foundations in China classrooms as old markets slow

BEIJING/SHANGHAI (Reuters) - Danish toymaker Lego is hoping to build a following with Chinese parents by promoting its place in the classroom as well as the toy box.

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Eyes wide shut: the $1.8 billion Indian bank fraud that went unnoticed

By Krishna N. Das, Aditya Kalra, Devidutta Tripathy and Tom Lasseter

environmentNews reuters.com

Oaxaca requests aid after strong Mexico quake damages 1,000 homes

MEXICO CITY (Reuters) - Mexico's southern state of Oaxaca requested federal emergency funds on Sunday to supply food, shelter and health services in more than 30 municipalities battered by last week's powerful quake in a region still reeling from temblors in September.

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Japan's Mizuho sees pickup in U.S. M&A lending after tax cut

TOKYO (Reuters) - Japan's Mizuho Financial Group Inc sees a pickup in overseas lending after a slowdown last year in the United States, where a recently enacted corporate tax cut is widely expected to spur mergers and acquisitions (M&As).

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Chanel, Farfetch pair up for digital push at fashion label's stores

PARIS (Reuters) - French couture house Chanel has taken a minority stake in London-based online retailer Farfetch, the companies said on Monday, as part of a tie-up to develop digital services such as chats to connect the label's clients with store assistants.

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Japan's Mizuho sees pickup in US M&A lending after tax cut

TOKYO (Reuters) - Japan's Mizuho Financial Group Inc sees a pickup in overseas lending after a slowdown last year in the United States, where a recently enacted corporate tax cut is widely expected to spur mergers and acquisitions (M&As).

businessNews reuters.com

Jittery U.S. bond market braces for supply wave

NEW YORK (Reuters) - Bond investors, who have been on edge over signs of growing inflation and a possibly more aggressive Federal Reserve, will have their work cut out for them as the U.S. government seeks to sell $258 billion worth of debt this coming week.

businessNews reuters.com

In boost to reform, Saudi Arabia's cabinet approves bankruptcy law

DUBAI/KHOBAR, Saudi Arabia (Reuters) - Saudi Arabia's cabinet has approved a bankruptcy law, sources familiar with the matter said on Sunday, giving a boost to efforts to make the kingdom more enticing to investors.

businessNews reuters.com

Billion dollar diamond fraud case puts India's state banks in focus

By Krishna N. Das, Aditya Kalra, Devidutta Tripathy and Tom Lasseter

businessNews reuters.com

India's Reliance, global tech firms to invest $9.3 billion in industrial area

MUMBAI (Reuters) - India's Reliance Industries Ltd and global technology companies will invest 600 billion rupees ($9.34 billion) over 10 years to set up an integrated industrial area in the western state of Maharashtra, the company's chairman Mukesh Ambani said.

cnn.com

Sunny days for the economy can't last forever

businessNews reuters.com

Software may have helped Daimler pass U.S. emissions tests: report

BERLIN (Reuters) - U.S. investigators probing Mercedes maker Daimler have found that its cars were equipped with software which may have help them to pass diesel emissions tests, a German newspaper reported on Sunday, citing confidential documents.

cnn.com

Opinion: Indictments reveal strong probability that Russia handed Trump the presidency

As both a prosecutor and defense attorney, I have written and reviewed many indictments. Though often brimming with legalese, they are designed by prosecutors to tell a compelling and detailed crime story. The indictment announced Friday in the Mueller investigation told just such a story -- of Russian attempts to sabotage the American presidential election.

businessNews reuters.com

Proxy advisory firm ISS says Qualcomm should negotiate sale to Broadcom

(Reuters) - U.S. semiconductor company Qualcomm Inc should try to negotiate a sale to Broadcom Ltd following the latter's sweetened $121 billion offer, proxy advisory firm Institutional Shareholder Services Inc (ISS) said.

Gangs nytimes.com

Opinion: Trump Is Making MS-13 Stronger

Helping young immigrants, not deporting them, is the smarter way to fight a vicious international gang.

environmentNews reuters.com

Small earthquake hits Britain, strongest for 10 years

LONDON (Reuters) - Britain was hit by its biggest earthquake in a decade on Saturday, the British Geological Survey (BGS) said on Saturday, with tremors felt across parts of Wales and southwest England but no notable damage reported.

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Judge approves Takata's U.S. bankruptcy plan

WILMINGTON, Del. (Reuters) - Takata Corp's U.S. unit received court approval for its bankruptcy exit plan, a plaintiffs' law firm said on Saturday, clearing the way for a $1.6 billion sale of Takata assets and providing compensation for those injured by the company's deadly air bags.

businessNews reuters.com

Exclusive: Indian banks may take more than $3 billion hit from PNB fraud - tax department

NEW DELHI (Reuters) - Indian banks could take a hit of more than $3 billion from loans and corporate guarantees provided to diamond companies at the center of a massive alleged fraud at the state-run Punjab National Bank, the tax department has estimated.

sportsNews reuters.com

Nishikori reaches New York semi-finals with comeback win

(Reuters) - Japan's Kei Nishikori survived his toughest test since his return to the ATP Tour, having to come back from behind to beat Radu Albot 4-6 6-3 6-1 on Friday to reach the semi-final of the New York Open.

businessNews reuters.com

Stock volatility: back with a bang and here to stay

NEW YORK (Reuters) - U.S. stock markets are unlikely to return to the unusually calm conditions seen last year, even though equities have already recovered more than half the ground lost in the recent selloff and traders have rapidly dialed down fear.

businessNews reuters.com

ADM, Syngenta settle lawsuit over biotech corn exports to China

CHICAGO (Reuters) - U.S. grain merchant Archer Daniels Midland Co has settled a lawsuit with Syngenta over the seed company's launch of a biotech corn strain that roiled grain exports to China, according to regulatory documents filed on Friday.

businessNews reuters.com

Exclusive: GE exploring industrial gas engine business sale - sources

(Reuters) - General Electric Co is exploring a sale of its industrial gas engine business that could be worth as much as $2 billion, according to people familiar with the matter.

businessNews reuters.com

U.S. seeks to block AT&T from citing Trump opposition in merger lawsuit

WASHINGTON (Reuters) - The U.S. Department of Justice on Friday moved to prevent AT&T Inc from arguing that politics played a role in the government's decision to stop its merger with Time Warner Inc , a deal that President Donald Trump had publicly criticized.

companyNews reuters.com

Trader sues Fidelity over website glitch during market rout

BOSTON, Feb 16 (Reuters) - A New Jersey trader filed a lawsuit against Fidelity Investments, accusing it of "gross negligence" because he could not make trades on the company's website earlier this month during a volatile time on the stock market.

businessNews reuters.com

S&P 500 caps off strongest week in five years

NEW YORK (Reuters) - The S&P 500 ended marginally higher on Friday and closed out its fastest-climbing week since 2013, although it surrendered most of its earlier gain for the day after a U.S. grand jury indicted several Russians for meddling in the 2016 presidential election.

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Tesla delays, tax credit concerns spur sales of Chevy Bolts

SAN FRANCISCO (Reuters) - Some potential buyers of Tesla's long-delayed Model 3 sedan are concerned that they will miss out on big federal tax breaks and are looking for alternatives, including General Motors Co's Chevrolet Bolt, according to postings by would-be Tesla buyers on websites and interviews with GM dealers.

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Qualcomm says open to more deal talks with Broadcom following meeting

(Reuters) - Qualcomm Inc on Friday called a meeting with Broadcom Ltd to discuss the latter's $121 billion bid constructive and opened the door to more talks, but continued to reject the proposed deal between the semiconductor companies.

businessNews reuters.com

Airbus concerned about German coalition's tougher stance on arm sales

MUNICH (Reuters) - The head of Airbus's defense unit criticized Germany on Friday for not spending more on defense and said the new coalition agreement's call for a tougher approach to arms exports could prompt the weapons maker to re-examine its business plans.

politicsNews reuters.com

Trump had affair with Playboy model: New Yorker report

WASHINGTON (Reuters) - U.S. President Donald Trump had an affair with a Playboy model at the same time he was in a relationship with a porn star and the National Enquirer tabloid paid the model $150,000 to prevent her story being made public, the New Yorker reported on Friday.

businessNews reuters.com

Uber plans to sell Southeast Asia business to Grab: CNBC

(Reuters) - Uber Technologies [UBER.UL] is preparing to sell its Southeast Asia ride-hailing business to Singapore-based Grab in return for a substantial stake in the company, CNBC reported, citing two sources familiar with the matter.

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Facebook loses Belgian privacy case, faces fine of up to $125 million

BRUSSELS (Reuters) - A Belgian court threatened Facebook on Friday with a fine of up to 100 million euros ($125 million) if it continued to break privacy laws by tracking people on third-party websites.

businessNews reuters.com

GE faces shareholder lawsuit over insurance shortfall, SEC probe

NEW YORK (Reuters) - General Electric Co was sued on Friday by a shareholder who accused the conglomerate of concealing mounting insurance liabilities and a U.S. Securities and Exchange Commission probe, costing shareholders tens of billions of dollars.

businessNews reuters.com

Takata has resolved most objections to its U.S. bankruptcy: lawyer

WILMINGTON, Del (Reuters) - A lawyer for Takata Corp's U.S. business, bankrupted by a recall of faulty air bags, indicated on Friday that the company is on the verge of receiving court approval for its reorganization and $1.6 billion sale of its non-air bag businesses.

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GLOBAL MARKETS-Stocks set for best week in 6 years, dollar climbs

NEW YORK, Feb 16 (Reuters) - Global stocks rose on Friday and were set for their best week in six years as strong corporate earnings offset concerns about rising inflation and interest rates, while the U.S. dollar edged higher from a three-year low against major currencies.

Trump, Donald J nytimes.com

Karen McDougal Describes Alleged Affair With Trump in New Yorker Article

Ms. McDougal, a former Playboy model, explained how a tabloid paid for her story of a nine-month affair that allegedly began in 2006, only to never publish it.

businessNews reuters.com

Intel hit with 32 lawsuits over security flaws

(Reuters) - Intel Corp said on Friday shareholders and customers had filed 32 class action lawsuits against the company in connection with recently-disclosed security flaws in its microchips.

businessNews reuters.com

Wall Street on course for sixth day of gains

(Reuters) - U.S. stocks rose on Friday, led by gains in technology and healthcare stocks, putting the main indexes on course for strong weekly gains as they bounced back from a brutal selloff earlier this month.

businessNews reuters.com

Starbucks executive Brotman who led mobile efforts leaving for J. Crew

LOS ANGELES (Reuters) - Starbucks Corp said on Friday that Adam Brotman, who spearheaded the coffee shop chain's successful digital initiatives including mobile ordering and its loyalty program, is leaving for an executive position at J. Crew.

businessNews reuters.com

Coca-Cola sales beat on strong sales of vitamin water, coffee

(Reuters) - Coca-Cola Co reported better-than-expected quarterly profit and sales on Friday as it sold more teas, coffees and vitamin water, offsetting sluggish sales of fizzy drinks, sending its shares up as much as 2 percent.

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Citigroup raises CEO Corbat's pay 48 percent to $23 million

NEW YORK (Reuters) - Citigroup Inc raised Chief Executive Officer Michael Corbat's annual compensation by 48 percent to $23 million for 2017, a year in which the bank made more money from operations but still fell short of earlier targets.

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Qualcomm says open to talks with Broadcom for better offer

(Reuters) - Qualcomm Inc is open to discussing a buyout offer from Broadcom Ltd that "reflects the true value" of the chipmaker and better addresses its concerns about potential regulatory hurdles to a deal, the company said on Friday.

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Fiat Chrysler to recall 228,508 trucks to fix shifter issue

(Reuters) - Fiat Chrysler Automobiles NV's U.S. unit said on Friday it would recall about 228,508 trucks in the United States, Canada, Mexico and some other markets to prevent drivers from unintentionally shifting their vehicles out of "park."

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Uber introduces new safety features as it fights to retain London license

LONDON (Reuters) - Taxi service Uber [UBER.L], battling to retain its license to operate in the British capital, said on Friday it would introduce new safety features, including 24-hour telephone support for riders and drivers.

businessNews reuters.com

Futures rise, setting stocks on firm ground for the week

(Reuters) - U.S. stock futures rose on Friday, set to build on a rally that has lasted five straight days as investors shrug off inflation fears and focus on growth in the economy and corporate profits.

businessNews reuters.com

Campbell Soup organic sales fall as customer dispute continues

(Reuters) - Campbell Soup Co on Friday reported a 2 percent drop in organic net sales in its second quarter as a key customer in North America placed fewer orders for its canned soups.

cnn.com

New Yorker: Ex-model details Trump system for covering up affairs

A former Playboy model who claims she had an affair with Donald Trump beginning in 2006 is going public with a description of Trump's alleged system for concealing affairs.

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Backstory: Warren Buffett's Valentine's Day surprise for investors

NEW YORK (Reuters) - Warren Buffett had a Valentine’s Day surprise for investors in Teva Pharmaceutical Industries Ltd .   

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Coca-Cola sales beat as consumers drink more vitamin water, coffee

(Reuters) - Coca-Cola Co reported better-than-expected quarterly profit and sales on Friday as it sold more teas, coffees and vitamin water, sending its shares up 2.4 percent.

businessNews reuters.com

Kraft Heinz quarterly profit, sales miss estimates

(Reuters) - Kraft Heinz Co's quarterly profit and sales missed analysts' estimates on Friday, hurt by lower shipments for nuts, natural cheese and cold cuts in the U.S.

New York City nytimes.com

New York Today: New York Today: Celebrating Our First Ladies

Friday: Remembering president’s wives from New York, a snowstorm tomorrow, your weekend lineup, and Lunar New Year festivities.

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Wynn Resorts says ex-CEO Steve Wynn not entitled to severance pay

(Reuters) - Wynn Resorts Ltd said on Friday that former Chief Executive Officer Steve Wynn was not entitled to severance payments or any other compensation.

Hispanic-Americans nytimes.com

Lin-Manuel Miranda, the Next Lion of New York

The unifying voice of the Obama years digs in for a fractious new era and a second child.

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Lost in translation? GM plant shutdown shocks South Korea

SEOUL (Reuters) - Only weeks into a new job heading General Motors Co's international operations, Barry Engle flew into a frigid South Korea in January and held a series of meetings with government officials to discuss the future of GM's loss-making local unit.

businessNews reuters.com

Exclusive: Walmart in talks to buy more than 40 percent of India's Flipkart - sources

MUMBAI (Reuters) - Walmart Inc is in talks to purchase a stake of more than 40 percent in Indian e-commerce firm Flipkart, a direct challenge to Amazon.com Inc in Asia's third-largest economy, two sources familiar with the matter said on Friday.

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Audi chairman says reports about ouster of CEO Stadler are false

BERLIN (Reuters) - Audi Chairman Matthias Mueller said on Friday that reports about an imminent ouster of Chief Executive Rupert Stadler are false.

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As mining investors push caution, Glencore differs from rivals

TORONTO/MELBOURNE (Reuters) - As shareholders push the world's cash-rich miners to maintain lush dividends and make the most of existing assets, Glencore is taking a slightly different tactic that positions it for shrewd acquisitions.

businessNews reuters.com

Pot Pharm: Booming Canada weed sector plots next-wave medicines

TORONTO (Reuters) - Canopy Growth Corp, one of the world's biggest medical marijuana producers, now wants to take on the world's pharmaceutical giants.

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Dashed hopes for Mexico oil boom leave Gulf Coast hotels idle

MEXICO CITY (Reuters) - When a Mexican real estate investment trust bought four hotels along the country's Gulf coast operating under the Marriott, Quality Inn and Fiesta Inn brands, it expected the government's recent energy reform to attract droves of oil executives, engineers and technicians.

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Hackers stole $6 million in attack on SWIFT system, Russian central bank says

MAGNITOGORSK, Russia (Reuters) - Unknown hackers stole 339.5 million rubles ($6 million) in an attack on the SWIFT international payments messaging system in Russia last year, the Russian central bank said on Friday.

businessNews reuters.com

Asian shares extend bounce to fifth day, dollar sags to three-year low

TOKYO (Reuters) - Asian shares rose for a fifth straight day on Friday as investor confidence slowly returns after a sharp sell-off earlier in the month, but the dollar continued its descent, hitting a three-year low against a basket of major currencies.

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GLOBAL MARKETS-Asian shares extend bounce to 5th day, dollar sags to 3-year low

* Fall in Vix futures suggest position unwinding over for now

businessNews reuters.com

Asian shares extend recovery into fifth day, dollar weak

TOKYO (Reuters) - Asian shares extended their recovery from two-month lows into a fifth day on Friday as the Wall Street market volatility gauge fell, while the U.S. dollar was undermined by various worries including rising inflation.

businessNews reuters.com

SEC blocks Chicago Stock Exchange sale to China-based investors

(Reuters) - U.S. regulators on Thursday rejected the sale of the Chicago Stock Exchange (CHX) to a group led by China-based investors, in part because they were unable to get enough information on some of the proposed buyers and the sources of their funds.

Politics and Government nytimes.com

South Africa Sees Fresh Start for Economy, With the Same Challenges

Jacob Zuma’s ouster as president is raising hopes of better fortunes for the nation’s moribund economy, but it will not happen easily.

domesticNews reuters.com

Two men arrested in New York City with bomb-making material: NY Times

(Reuters) - Authorities arrested two people in New York City on Thursday and planned to charge to them with building an explosive device after what they described a federal terrorism investigation, the New York Times reported, citing an unnamed law enforcement official.

businessNews reuters.com

Volatility holds key to bank revenue revival from 2017 slump: survey

LONDON (Reuters) - Revenues at the world's 12 biggest investment banks fell to their lowest levels since 2008 last year, a survey showed on Friday, while a return to more volatile global markets in 2018 could be a mixed blessing for their business.

domesticNews reuters.com

New York top court clears man held six years at Rikers Island without trial

NEW YORK (Reuters) - A divided New York State Court of Appeals, the state's highest court, on Thursday threw out the indictment of a man who spent more than six years in the Rikers Island jail in a Manhattan murder case, saying his constitutional right to a speedy trial was violated.

businessNews reuters.com

GE moves to sell part of overseas lighting business

(Reuters) - U.S. industrial conglomerate General Electric has reached a deal to sell parts of its overseas lighting business to a company controlled by former executive Joerg Bauer for an undisclosed amount.

businessNews reuters.com

CBS tops estimates as licensing business grows

(Reuters) - CBS Corp topped Wall Street's quarterly revenue and profit estimates on Thursday as U.S. and international distributors licensed more of its shows.

businessNews reuters.com

Kraft Heinz meets cost-cut target of $1.7 billion by 2017 end

(Reuters) - U.S. food and beverage company Kraft Heinz Co had achieved the target of cutting $1.7 billion in costs by the end of 2017, the company said in a presentation on Thursday.

companyNews reuters.com

BRIEF-Piper Jaffray Forms Middle-Market Debt Underwriting Vehicle

* PIPER JAFFRAY COMPANIES FORMS MIDDLE-MARKET DEBT UNDERWRITING VEHICLE WITH $1.0 BILLION OF EQUITY COMMITMENTS

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CBS tops estimates on strong licensing revenue

(Reuters) - Media company CBS Corp CBS.N, which is exploring a merger with Viacom Inc , topped quarterly revenue and profit estimates on Thursday, driven by strong growth in domestic and international licensing sales.

businessNews reuters.com

Bitcoin rises above $10,000, strategist sees new high by July

NEW YORK (Reuters) - Bitcoin rose above $10,000 on Thursday for the first time in more than two weeks, as investors bought back the digital currency after having fallen 70 percent from its all-time peak hit in mid-December.

businessNews reuters.com

Amazon to pay $1.2 million in settlement over pesticide sales, U.S. says

WASHINGTON (Reuters) - Amazon.com Inc will pay a $1.2 million penalty to settle nearly 4,000 alleged violations of U.S. law in a move to prevent harmful exposure to pesticides through illegal sales, the U.S. Environmental Protection Agency said on Thursday.

businessNews reuters.com

Roche to buy Flatiron Health for $1.9 billion to expand cancer care portfolio

(Reuters) - Swiss drugmaker Roche Holding AG said on Thursday it would buy the rest of the privately held U.S. cancer data company Flatiron Health Inc for $1.9 billion to speed up development and delivery of breakthrough medicines for cancer patients.

businessNews reuters.com

Wall St. rallies for fifth straight session on tech lift

(Reuters) - Wall Street surged on Thursday to notch its fifth straight session of gains, led by Apple and other technology stocks as investors shrugged off recent inflation worries that sent the market into a sell-off at the start of the month.

domesticNews reuters.com

New York police sergeant cleared in deadly shooting of woman: union

NEW YORK (Reuters) - A New York City police sergeant was found not guilty of all charges on Thursday in the 2016 death of a emotionally disturbed woman whom he shot as she wielded a baseball bat in her apartment, the officer's union said.

healthNews reuters.com

Spouses have strong influence on risk for alcohol abuse

(Reuters Health) - Spouses with uncontrolled drinking problems have a “large and rapid” influence on the likelihood their partner will also be diagnosed with an alcohol use disorder, according to a long-term study of married couples in Sweden.

businessNews reuters.com

Boeing CEO says 'getting closer' to a deal with Embraer: CNBC

(Reuters) - Boeing Co is "getting closer" to a deal with Brazilian aircraft maker Embraer , the U.S. plane maker's Chief Executive Officer Dennis Muilenburg said in an interview with CNBC television on Thursday.

businessNews reuters.com

Boeing stays in race to supply Canada with fighter jets: sources

OTTAWA (Reuters) - Boeing Co , locked in a trade dispute with the Canadian government, has applied to stay in the race to supply Canada with 88 new fighter jets, three well-placed sources said on Thursday.

businessNews reuters.com

Caterpillar expects no material impact of tax case on finances

(Reuters) - Caterpillar Inc said on Thursday it was vigorously contesting the $2.3 billion tax and penalties for certain years proposed by the U.S. Internal Revenue Service and that the case would not have a material impact on its finances and operations.

PersonalFinance reuters.com

U.S. market gurus who predicted selloff say current calm an illusion

Some veteran investors who were vindicated in calling for a pullback in shares and a spike in volatility could now be cheering. Actually, they're looking at the risks that still lie ahead in the...

companyNews reuters.com

GLOBAL MARKETS-Stocks climb, shrugging off inflation data; dollar falls

* Dollar weakens to 15-month low vs yen despite rising yields

companyNews reuters.com

U.S. regulator moves to clear market barriers for energy storage technology

WASHINGTON, Feb 15 (Reuters) - In a boost for electric storage technology, the Federal Energy Regulatory Commission (FERC) on Thursday approved a new rule to remove barriers to batteries and other storage resources in U.S. power markets.

businessNews reuters.com

U.S. Bancorp to pay $613 million for money-laundering violations

WASHINGTON (Reuters) - The U.S. Justice Department has reached a $613 million settlement with U.S. Bancorp over charges that it willfully failed to have an adequate anti-money-laundering program, the department said on Thursday.

businessNews reuters.com

U.S. producer prices rise in January; industrial output falls

WASHINGTON (Reuters) - U.S. producer prices accelerated in January, boosted by strong gains in the cost of gasoline and healthcare, offering more evidence that inflation pressures were building up.

businessNews reuters.com

Thousands of FedEx customer records exposed by unsecured server

(Reuters) - Global package delivery company FedEx Corp said on Thursday it has secured some of the customer identification records that were visible earlier this month on an unsecured server, and so far has found no evidence that private data was "misappropriated."

businessNews reuters.com

U.S. watchdog to probe chairman's decisions in broadcast deal: Democrat

WASHINGTON (Reuters) - The Federal Communications Commission inspector general will investigate whether its chairman was biased in favor of Sinclair Broadcast Group Inc , which is seeking approval from the watchdog for a $3.9 billion acquisition of Tribune Media Co , a member of Congress said on Thursday.

businessNews reuters.com

Cohen's Point72 wants lawsuit over hostility to women sent to arbitration

NEW YORK (Reuters) - Billionaire investor Steven A. Cohen asked a U.S. judge to force a female executive to arbitrate her claims that his firm, Point72 Asset Management LP, maintains a hostile working environment where women are mistreated and paid less than men.

businessNews reuters.com

Thomson Reuters chair sought better terms for financial unit: WSJ

TORONTO (Reuters) - Thomson Reuters Corp Chairman David Thomson urged the company's board of directors to seek better terms for its $17 billion sale of a large chunk of its business to Blackstone Group LP , the Wall Street Journal reported on Thursday, citing people close to the deal.

businessNews reuters.com

Wall Street climbs as tech, industrial gain; energy drags

(Reuters) - Wall Street's main indexes were trading higher on Thursday with gains in technology and industrial stocks more than offsetting losses in energy stocks.

businessNews reuters.com

Bombardier CEO calls U.S. trade agency reasoning 'good news'

MONTREAL (Reuters) - Bombardier Inc Chief Executive Alain Bellemare on Thursday described a U.S. trade agency's explanation for why it rejected hefty duties on the company's CSeries jet sales to American carriers as very "good news."

businessNews reuters.com

Gasoline, healthcare lift U.S. producer prices in January

WASHINGTON(Reuters) - U.S. producer prices accelerated in January, boosted by strong gains in the cost of gasoline and healthcare, offering more evidence that inflation pressures were building up.

businessNews reuters.com

U.S. weekly jobless claims rebound from near 45-year lows

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits rebounded from a near 45-year low last week, but remained below a level that is associated with a tightening labor market.

businessNews reuters.com

XPO Logistics expects 750,000 European home deliveries for 2018

SEATTLE (Reuters) - XPO Logistics Inc said on Thursday it expects to make or manage 750,000 deliveries of bulky goods like flat-screen televisions and furniture to homes in Europe in 2018, as the U.S.-based company dips its toe into a crowded and fast-growing market.

businessNews reuters.com

Hedge fund Bridgewater makes $22 billion bet against European firms

LONDON/FRANKFURT/NEW YORK (Reuters) - Bridgewater has shown its hand in Europe with a $22 billion bet against some of the continent's biggest companies, filings reviewed by Reuters show, part of a bigger shift by the world's largest hedge fund manager.

businessNews reuters.com

VW looks at Apple for electric-car design guidance

BERLIN (Reuters) - Volkswagen is looking at Apple products for guidance on how to style its new generation of electric cars, its top designer said, as the automaker aims to turn profits on battery-powered vehicles when they launch in 2020.

businessNews reuters.com

Futures roll higher, brushing aside inflation worries

(Reuters) - Wall Street was set to open higher on Thursday, reclaiming further ground ceded during last week's sell-off, as investors brushed aside inflation data and preferred stocks over bonds for the fifth day in a row.

PersonalFinance reuters.com

Retirement savers, how much market risk can you handle?

CHICAGO (Reuters) - The opinions expressed here are those of the author, a columnist for Reuters.

New York City nytimes.com

New York Today: New York Today: The Lunar New Year Laundromat

Preparing for the Year of the Dog, an Olympic viewing party, and warmer weather.

businessNews reuters.com

Fresh A400M charge clouds strong Airbus 2017 profits

PARIS (Reuters) - Airbus took a 1.3 billion euro ($1.6 billion) hit on its delayed A400M military transport plane, lifting charges on Europe's troubled defense project above 8 billion euros and clouding higher than expected underlying profits and cash.

companyNews reuters.com

UPDATE 3-Fresh A400M charge clouds strong Airbus 2017 profits

PARIS, Feb 15 (Reuters) - Airbus took a 1.3 billion euro ($1.6 billion) hit on its delayed A400M military transport plane, lifting charges on Europe's troubled defence project above 8 billion euros and clouding higher than expected underlying profits and cash.

businessNews reuters.com

McDonald's plays 'hide the cheeseburger' in new Happy Meal health push

LOS ANGELES (Reuters) - McDonald's Corp is removing cheeseburgers from U.S. Happy Meal menus and shrinking the french fry serving in one "Mighty Meal" as part of a new global plan to cut calories and make its food for children more healthy.

businessNews reuters.com

A year into OPEC's production cuts, Asia's oil markets have tightened

SINGAPORE (Reuters) - Just over a year into production cuts lead by OPEC and Russia, oil markets in Asia have tightened noticeably as significant amounts of excess crude have been taken off tankers used for storage and delivered to customers across the region.

businessNews reuters.com

Stocks climb despite rise in U.S. inflation; dollar on defensive

TOKYO (Reuters) - Asian stocks rose on Thursday after Wall Street brushed aside strong U.S. inflation data and surged, in a move that also saw the dollar pinned to two-week lows even as Treasury yields jumped in anticipation of more rapid U.S. interest rate hikes.

businessNews reuters.com

Google's app network quietly becomes huge growth engine

SAN FRANCISCO (Reuters) - Google makes ads show up in more smartphone apps than any other technology company. That is the core of a resurgent business for parent Alphabet Inc.

businessNews reuters.com

Airbus takes 1.3 billion euros charge on A400M military plane

PARIS (Reuters) - Airbus on Thursday took a 1.3 billion euros ($1.6 billion) writedown on its A400M military transport plane, lifting cumulative charges on Europe's troubled defense project above 8 billion euros and clouding higher-than-expected underlying profits.

businessNews reuters.com

China's ZTE says is trusted partner after U.S. concern

BEIJING (Reuters) - Chinese telecoms equipment group ZTE Corp hit back on Thursday against concerns from U.S. lawmakers that it is a vehicle for Chinese espionage, saying it was a trusted partner of its U.S. customers, state news agency Xinhua reported.

sportsNews reuters.com

Nishikori dominant in second round win in New York

(Reuters) - Japan's Kei Nishikori continued his smooth progress in his first ATP Tour event since August, brushing past Russia's Evgeny Donskoy 6-2 6-4 in the second round of the inaugural New York Open on Wednesday.

businessNews reuters.com

Stocks take U.S. inflation spike in stride and rally; dollar on defensive

TOKYO (Reuters) - Asian stocks gained on Thursday after Wall Street brushed aside strong U.S. inflation data and surged, in a move that also saw the dollar pinned at two-week lows even as Treasury yields jumped in anticipation of more rapid U.S. interest rate hikes.

companyNews reuters.com

Nikkei produces solid rise despite strong yen; financials higher

* Short-term investors seen unwinding 'sell' positions in Japan stocks

businessNews reuters.com

Amazon says to create 2,000 jobs in France in 2018

PARIS (Reuters) - U.S. online retail giant Amazon said on Thursday it will create 2,000 permanent contract positions this year in France, its largest market in Europe after Britain and Germany.

businessNews reuters.com

For Australian winemakers, Chinese relationships are bearing fruit

HUNTER VALLEY, Australia/SHANGHAI (Reuters) - Wang Zhe, a wealthy Chinese businessman from Guangzhou, liked his glass of decade-old Chardonnay at an Australian winery so much he wanted more.

entertainmentNews reuters.com

A Valentine to New York as designers kiss Fashion Week goodbye

(Reuters) - Designers Michael Kors and Calvin Klein showed their love for American icons as they presented visions for Fall 2018 in Valentine's Day shows at the end of New York Fashion Week.

businessNews reuters.com

Asian stocks rally despite U.S. inflation spike, dollar on defensive

TOKYO (Reuters) - Asian stocks gained on Thursday after Wall Street brushed aside strong U.S. inflation data and surged, a counterintuitive move that also saw the dollar pinned at two-week lows even as Treasury yields jumped in anticipation of a quicker pace of U.S. interest rate hikes.

businessNews reuters.com

U.S. ITC details why it rejected CSeries duties, says Boeing not hurt

MONTREAL/WASHINGTON (Reuters) - An independent U.S. trade body on Wednesday said it rejected hefty U.S. duties on Bombardier's CSeries jets partly because Boeing lost no sales or revenue when Delta Air Lines ordered the aircraft in 2016 from the Canadian planemaker.

businessNews reuters.com

Hedge funds Steadfast and Suvretta jump onto CSX in fourth quarter

BOSTON (Reuters) - Wall Street investors were so convinced that Hunter Harrison could turn around railroad CSX Corp that the company lost $4 billion in market value when the former CEO took a medical leave in December and died only a few days later.

Acquired Immune Deficiency Syndrome nytimes.com

New York Will Investigate Reports of Gay Men Denied Insurance

Denying men life or disability policies because they take drugs to prevent H.I.V. is discriminatory and may trigger penalties.

businessNews reuters.com

Qualcomm meets Broadcom to discuss $121 billion acquisition offer

(Reuters) - Qualcomm Inc said on Wednesday it met with Broadcom Ltd earlier in the day to discuss the latter's revised $121 billion bid, the first time the chipmakers have discussed what would be the technology sector's largest ever acquisition.

businessNews reuters.com

Cisco tops estimates as turnaround takes center stage

(Reuters) - Cisco Systems Inc reported its first rise in quarterly revenue in more than two years and forecast upbeat current-quarter profit, as the network gear maker's years-long efforts to transform into a software-focused company begins to pay off.

cnn.com

Trump suggests 25 cent gas tax increase, senator says

President Donald Trump suggested Wednesday that a one-time, 25 cent increase in gas and diesel taxes would be needed to help pay for the administration's new infrastructure plan, according to Democratic Sen. Tom Carper.

businessNews reuters.com

Berkshire buys Teva, feels IBM blues as Apple becomes top investment

(Reuters) - Warren Buffett's Berkshire Hathaway Inc on Wednesday disclosed a new stake in generic drugmaker Teva Pharmaceutical Industries Ltd and said it bought more shares of Apple Inc , which surpassed Wells Fargo & Co as its largest common stock investment.

domesticNews reuters.com

New York state seeks expedited timeline to close city's Rikers Island jail

NEW YORK (Reuters) - New York state officials on Wednesday recommended speeding up New York City's timeline for closing its Rikers Island jail, saying the troubled facility is violating inmates' constitutional rights and state laws.

businessNews reuters.com

Cisco beats estimates, boosts buyback program by $25 billion

(Reuters) - Cisco Systems Inc reported its first rise in quarterly revenue in more than two years, which also topped analysts' estimates, as the network gear maker's years-long efforts to transition to a software-focused company begins to take hold.

businessNews reuters.com

Berkshire buys Teva, bites more Apple, feels IBM blues

(Reuters) - Warren Buffett's Berkshire Hathaway Inc on Wednesday said it has taken a new stake in Teva Pharmaceutical Industries Ltd , significantly boosted its holdings of Apple Inc and has nearly shed a less successful investment in IBM Corp .

businessNews reuters.com

Marriott quarterly revenue rises 7.7 percent

(Reuters) - Marriott International Inc reported a 7.7 percent rise in fourth-quarter revenue as more people booked its rooms at higher prices, helping the company reaffirm its 2018 forecast for a key performance metric.

businessNews reuters.com

What inflation? Apple and Facebook drive Wall Street rally

(Reuters) - Wall Street surged on Wednesday as investors shrugged off stronger-than-expected inflation data and snapped up shares of Facebook, Amazon.com and Apple.

businessNews reuters.com

Charlie Munger urges regulators to ease off Wells Fargo, blasts bitcoin

(Reuters) - Charlie Munger, the longtime business partner of fellow billionaire Warren Buffett, said on Wednesday it is time for regulators to "let up" on Wells Fargo & Co , which will end up "better off" as it corrects a series of mistakes in how it treated banking customers.

domesticNews reuters.com

New York governor's budget raises transparency concerns: comptroller

NEW YORK (Reuters) - Parts of New York Governor Andrew Cuomo's nearly $170 billion proposed budget would raise concerns about transparency by expanding his control over state spending, the state's chief fiscal watchdog said on Wednesday.

domesticNews reuters.com

State considers expediting timeline to close New York's Rikers Island jail

NEW YORK (Reuters) - State officials on Wednesday recommended speeding up New York City's timeline for closing its Rikers Island jail, saying the troubled facility is violating inmates' Constitutional rights and state laws.

businessNews reuters.com

More banks joining $14 billion debt for Blackstone's TR unit buy

LONDON (Reuters) - More banks are poised to join a $14 billion financing backing U.S. private equity firm Blackstone Group’s acquisition of a majority stake in the Financial and Risk business of Thomson Reuters Corp , banking sources said on Wednesday.

businessNews reuters.com

Rise in U.S. inflation puts spotlight on Fed's Powell

WASHINGTON (Reuters) - U.S. consumer prices rose more than expected in January as Americans paid more for gasoline, rental accommodation and healthcare, raising pressure on new Federal Reserve chief Jerome Powell to prevent a possible overheating of the economy.

PersonalFinance reuters.com

Stock market shrugs off CPI rise but inflation obsession may linger

NEW YORK (Reuters) - So, were the stock market's fears about inflation ... inflated?

businessNews reuters.com

Airbus names Safran executive as head of helicopter unit

BERLIN (Reuters) - Airbus Group said on Wednesday it has appointed Bruno Even as head of its helicopter division, effective from April 1.

companyNews reuters.com

UPDATE 3-Teck sees strong demand for steelmaking coal in 2018

TORONTO, Feb 14 (Reuters) - Teck Resources Ltd, the world's second-biggest exporter of steelmaking coal, said on Wednesday that growing global steel production is expected to boost demand for its coal in 2018, though coal trade competition will also likely rise.

companyNews reuters.com

GLOBAL MARKETS-Bond prices drop, stocks rally after spike in U.S. CPI data

NEW YORK, Feb 14 (Reuters) - U.S. debt prices fell on Wednesday after a spike in U.S. consumer prices in January raised expectations the Federal Reserve may quicken the pace of interest rate hikes, while global stocks rose as investors took a longer view of inflation.

businessNews reuters.com

U.S. inflation firms broadly in January, puts spotlight on Fed

WASHINGTON (Reuters) - U.S. consumer prices rose more than expected in January, with a measure of underlying inflation posting its biggest gain in a year, strengthening expectations the Federal Reserve will have to quicken the pace of interest rate increases this year.

businessNews reuters.com

Wall Street grinds out gains as investors digest mixed data

(Reuters) - U.S. stocks reversed course to trade marginally higher on Wednesday as investors digested stronger-than-expected inflation data and a surprise drop in January retail sales, which shifted the focus from rising inflation to the prospect of stagflation.

businessNews reuters.com

GE's chief communications officer Deirdre Latour to leave company

(Reuters) - General Electric Co said on Wednesday that its chief communications officer and senior adviser, Deirdre Latour, would be leaving the company in mid-March to pursue other opportunities.

cnn.com

Blankfein: Economy is higher under Trump than if Clinton won

businessNews reuters.com

U.S. regulator warns about Pratt engine shutdown risk on Airbus jets

NEW YORK (Reuters) - New engines made by Pratt & Whitney for the latest Airbus single-aisle jetliner, the A320neo, pose a potential shutdown risk, the U.S. aviation regulator said on Wednesday.

businessNews reuters.com

Exclusive: Russia's En+ invites banks to pitch for $1 billion share sale - sources

LONDON/MOSCOW (Reuters) - Russia's En+ Group has invited international banks to pitch for the sale of $1 billion(721.60 million pounds) of shares in the company that manages the aluminum and hydropower businesses of Russian businessmen Oleg Deripaska, three sources said.

businessNews reuters.com

Higher wages, fuel prices turn up cost pressure on airlines

BERLIN (Reuters) - With inflation paramount in investors' minds at a time of rising wages and oil prices, the line separating winners and losers in the global airline industry this year looks likely to be drawn on how well they manage costs, especially on the labor side.

businessNews reuters.com

Campaigners to challenge 'fit and proper' ruling on Fox bid for Sky in court

LONDON (Reuters) - The decision by regulators that Twenty-First Century Fox would be a "fit and proper" owner of Sky will be challenged in court, campaign group Avaaz said on Wednesday.

businessNews reuters.com

Sky investor Polygon says Fox offer undervalues broadcaster

LONDON (Reuters) - Hedge fund Polygon Global Partners, which is an investor in Sky , said the outcome of the English Premier League soccer rights auction supported its view that the takeover by Twenty-First Century Fox undervalues the British company.

cnn.com

Where should you put money if you think the market will crash?

businessNews reuters.com

Chipotle shares jump as new chief sparks hope of quicker turnaround

(Reuters) - Chipotle Mexican Grill Inc shares jumped more than 11 percent premarket on Wednesday, as analysts called its recruitment of Taco Bell chief executive Brian Niccol a potentially "transformational moment" after two years of brand-crushing food-safety scandals.

businessNews reuters.com

U.S. consumer prices accelerate; core CPI posts largest gain in a year

WASHINGTON (Reuters) - U.S. consumer prices rose more than expected in January, with a measure of underlying inflation posting its biggest gain in a year, strengthening expectations that price pressures will accelerate this year and prompt a faster pace of interest rate increases from the Federal Reserve.

businessNews reuters.com

Futures sink as CPI data raises inflation fears

(Reuters) - U.S. stock reversed course to trade half a percent lower on Wednesday after data showed consumer prices rose more than expected in January, with a measure of underlying inflation posting its biggest gain in a year.

Prisons and Prisoners nytimes.com

New York State May Move to Close Rikers Ahead of City’s 10-Year Timeline

A report by the Commission of Correction found worsening conditions at the New York City jail, vowing to “expeditiously” close the complex.

businessNews reuters.com

Apple in talks for first order from Chinese chipmaker: Nikkei

(Reuters) - Apple Inc is in talks to buy storage chips from Yangtze Memory Technologies, a move that would mark the iPhone maker's first buy from a Chinese memory chipmaker, the Nikkei reported on Wednesday.

businessNews reuters.com

Opel says to build next-generation Corsa in Spain

FRANKFURT (Reuters) - Opel, the German carmaker now owned by France's PSA Group , said a new version of its Corsa city car would be built exclusively in Zaragoza, Spain, from 2019.

cnn.com

Goldman Sachs CEO: Odds of a 'bad outcome' for economy have gone up

topNews reuters.com

Physical oil market sends warning to OPEC: Rout might not be over

LONDON (Reuters) - As OPEC watches a near 15 percent drop in the oil price in three weeks, important indicators in the physical crude market are flashing signals that the decline might be far from over.

businessNews reuters.com

South Korea union says GM plant closure is 'death sentence', threatens strike

GUNSAN/SEOUL (Reuters) - General Motors' workers at a South Korean plant staged a protest on Wednesday against its planned closure, calling the move by the U.S. automaker a "death sentence", and threatening a strike.

New York City nytimes.com

New York Today: New York Today: Where Did Your Roses Grow?

Wednesday: From farm to Valentine’s Day bouquet, where to celebrate the holiday, and Ash Wednesday.

companyNews reuters.com

EMERGING MARKETS-Emerging stocks, FX sail higher ahead of US inflation

LONDON, Feb 14 (Reuters) - Emerging stocks extended their rally for a third day and a weaker dollar lifted currencies ahead of a key U.S. inflation report on Wednesday while South Africa investors were poised for the next twist in the saga over President Jacob Zuma's future.

companyNews reuters.com

Potash market recovery boosts Israel Chemicals' revenue, profit

JERUSALEM, Feb 14 (Reuters) - Israel Chemicals (ICL) reported on Wednesday higher revenue and profit in the fourth quarter, beating expectations as potash prices rose and expenses fell at the world's sixth-largest producer of the fertiliser ingredient.

businessNews reuters.com

U.S. inflation test looms large, dollar falls

LONDON (Reuters) - The dollar slid to a 15-month low against the yen on Wednesday, while world stock markets found firmer ground ahead of U.S. inflation numbers that could soothe, or inflame, fears of faster interest-rate hikes globally.

businessNews reuters.com

Toshiba names ex-banker as CEO, seen tackling opposition to chip unit sale

TOKYO (Reuters) - Toshiba Corp appointed a former banker experienced in dealing with distressed companies as CEO, and forecast its first annual profit in four years, helped by a buoyant chip business that it has agreed to sell.

companyNews reuters.com

GLOBAL MARKETS- US inflation test looms large, dollar falls

LONDON, Feb 14 (Reuters) - The dollar slid to a 15-month low against the yen on Wednesday, while world stock markets found firmer ground ahead of U.S. inflation numbers that could soothe, or inflame, fears of faster interest-rate hikes globally.

businessNews reuters.com

South Korea union says GM plant closure move is 'death sentence', threatens strike

GUNSAN/SEOUL (Reuters) - General Motors' (GM) workers at a South Korean plant staged a protest on Wednesday against its planned closure, calling the move by the U.S. automaker a "death sentence", and threatening a strike.

businessNews reuters.com

U.S. regulators probe Credit Suisse hiring in Asia

FRANKFURT (Reuters) - U.S. authorities are investigating whether Credit Suisse hired referrals from government agencies and state entities in Asia in exchange for investment banking business and regulatory approvals, the Swiss bank said on Wednesday.

businessNews reuters.com

Walmart goes to the cloud to close gap with Amazon

SAN BRUNO/SUNNYVALE, Calif. (Reuters) - One of Walmart Inc's best chances at taking on Amazon.com Inc in e-commerce lies with six giant server farms, each larger than ten football fields.

businessNews reuters.com

In Trump’s first year, U.S. agency doubles solar investments abroad

LOS ANGELES (Reuters) - The United States government doubled its financial support for solar power projects overseas last year under a climate-friendly investment policy written in the last days of the Obama administration, according to a Reuters review of government documents.

businessNews reuters.com

Asia shares wary of U.S. inflation, dollar breaks down

SYDNEY (Reuters) - Asian share markets turned mixed on Wednesday as investor nerves were strained ahead of a U.S. inflation report that could soothe, or inflame, fears of faster rate hikes globally.

businessNews reuters.com

Toshiba appoints ex-banker as CEO, forecasts first profit in four years

TOKYO (Reuters) - Toshiba Corp appointed a former banker from a key creditor bank as CEO and forecast its first annual profit in four years, making progress in its efforts to recover from billions of dollars in losses at its U.S. nuclear unit Westinghouse.

businessNews reuters.com

Gasoline, rents seen lifting U.S. monthly CPI; annual rates to slow

WASHINGTON (Reuters) - U.S. consumer prices likely increased solidly in January, boosted by rising gasoline and rents, but annual inflation growth is expected to have slowed as the large price gains from last year drop out of the calculation.

businessNews reuters.com

Sam's Club consolidates membership structure, offers free shipping

(Reuters) - Warehouse chain Sam's Club, a unit of Walmart Inc, said on Wednesday it will consolidate its membership structure for customers and improve its e-commerce offerings by adding free shipping and opening more e-commerce warehouses this year.

businessNews reuters.com

South Korean union protests GM plant closure move, calls it a "death sentence"

SEOUL (Reuters) - Workers at a General Motors (GM) plant in South Korea that the U.S. automaker plans to close staged a protest on Wednesday, saying the decision was a "death sentence" that had not been discussed with unions.

businessNews reuters.com

U.S. restaurant workers target low wages in campaign against sexual harassment

(Reuters) - Restaurant workers in seven U.S. cities on Tuesday lobbied state and local lawmakers to combat sexual harassment in the industry by shifting from the $2.13 federal minimum wage for tipped employees to a higher "fair" wage.

sportsNews reuters.com

Nishikori wins comeback match in New York

(Reuters) - Kei Nishikori returned to an ATP Tour level event for the first time since last August and cruised into the second round of the inaugural New York Open with a 7-5 6-3 win over American wild card Noah Rubin on Tuesday.

Art nytimes.com

The Obama Portraits Drew a Strong Reaction. What Did They Mean to You?

Judging from the reaction, the official portraits of former President Barack Obama and first lady Michelle Obama were anything but bland. Tell us what you thought of them.

businessNews reuters.com

SkyBridge decision on deal to sell firm expected by end of February: CIO

NEW YORK (Reuters) - A decision on the sale of SkyBridge Capital LLC, owned by former White House communications director Anthony Scaramucci, to a consortium that includes Chinese conglomerate HNA Group [HNAIRC.UL] should be made by the end of February, the firm's chief investment officer said on Tuesday.

businessNews reuters.com

Chipotle turns to Taco Bell's 'Doritos Locos' chief as new CEO

(Reuters) - Chipotle Mexican Grill Inc has hired Brian Niccol, known for bringing "Doritos Locos Tacos" and mobile ordering to Taco Bell, as its next chief executive to turnaround the once red-hot burrito chain that has been battered by food safety lapses.

businessNews reuters.com

U.S. defense spending bonanza puts niche acquisitions in play

WASHINGTON (Reuters) - Rising U.S. government spending on the Pentagon is fueling a spree of deal making among defense companies.

businessNews reuters.com

Uber's fourth-quarter loss narrows to $1.1 billion: source

(Reuters) - Uber Technologies Inc [UBER.UL] narrowed its fourth-quarter loss to $1.1 billion from a loss of $1.46 billion in the previous quarter, a person familiar with the matter told Reuters.

businessNews reuters.com

Asia shares, dollar tense for inflation test

SYDNEY (Reuters) - Asian shares were set for a tense session on Wednesday as investors await readings on U.S. inflation that could fan fears of faster rate hikes and unleash another burst of global volatility.

Classical Music nytimes.com

The New York Philharmonic’s Fresh Start: A Season Spent at Home

The orchestra has canceled an international tour planned for Jaap van Zweden’s first season as music director to devote itself to strengthening hometown ties.

topNews reuters.com

Explainer: Rising U.S. inflation and what it means for markets

(Reuters) - U.S. financial markets have been roiled recently by something neither the economy nor investors have had to contend with for the better part of a decade: concerns they may soon have to reckon with rising inflation.

businessNews reuters.com

Chipotle Mexican names Taco Bell chief Brian Niccol CEO

(Reuters) - Chipotle Mexican Grill said on Tuesday it named Brian Niccol chief executive officer, effective March 5.

businessNews reuters.com

Broadcom scales back Qualcomm board challenge to simple majority

(Reuters) - Broadcom Ltd cut the number of board seats it was trying to win at Qualcomm Inc to six from 11 on Tuesday, saying this would let Qualcomm shareholders push the U.S. chip maker toward a sale while ensuring continuity.

businessNews reuters.com

JC Penney to shut Milwaukee distribution center, cut 670 jobs

(Reuters) - JC Penney Co Inc said on Tuesday it would close its Milwaukee distribution and customer care center and cut about 670 jobs.

businessNews reuters.com

Automakers to provide up to $130 million for Takata's U.S. settlement

WILMINGTON, Del. (Reuters) - A group of 13 automakers will contribute as much as $130 million to compensate those injured by faulty Takata Corp air bag inflators as part of a deal to resolve the Japanese company's bankruptcy, a U.S. plaintiffs' attorney told Reuters.

businessNews reuters.com

Twitter's CEO downplays chatter about possible acquisition

SAN FRANCISCO (Reuters) - Twitter Inc Chief Executive Jack Dorsey said on Tuesday that he saw value in the social media network remaining an independent company, downplaying recent speculation by analysts that it could be an acquisition target.

businessNews reuters.com

Blue Apron puts EBITDA breakeven on table for late 2018

NEW YORK (Reuters) - Blue Apron Holdings Inc said on Tuesday it could break even on a key measure of profitability earlier than Wall Street analysts had expected, fueling a brief surge in the meal-kit maker's shares.

businessNews reuters.com

Wall Street ends up for third straight session; inflation data ahead

NEW YORK (Reuters) - Wall Street climbed on Tuesday for a third straight session, buoyed by Amazon.com and Apple , while investors focused on inflation data on Wednesday that could upset the market's fragile recovery - or clear the way for more gains.

topNews reuters.com

Market volatility, budget deficits pose test for Fed's Powell

DAYTON, Ohio (Reuters) - When the Federal Reserve's policy meeting ended last month, U.S. stock indexes were near record highs, market volatility was almost non-existent and policymakers chatted about the calm waters welcoming incoming central bank chief Jerome Powell.

businessNews reuters.com

Wall Street regulator looking into VIX manipulation: WSJ

(Reuters) - A Wall Street regulator is probing into whether prices linked to the Cboe Volatility Index have been manipulated, the Wall Street Journal reported on Tuesday, citing people with knowledge of the matter.

entertainmentNews reuters.com

Marvel takes New York fashionistas to Black Panther’s Wakanda

(Reuters) - Marvel Studios transported New York fashionistas to the mythical African nation of Wakanda where its highly anticipated superhero movie “Black Panther” takes place.