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businessNews reuters.com

Refiner goes belly-up after big payouts to Carlyle Group

NEW YORK (Reuters) - Throughout 2016 and 2017, a rail terminal built to accept crude oil for the largest East Coast refinery often sat idle, with few trains showing up to unload.

businessNews reuters.com

Global stocks struggle as bond yields, dollar regain traction

LONDON (Reuters) - A six-day rebound in world stocks began to splutter on Tuesday, as bond market borrowing costs regained traction and the dollar kicked firmly away from a three-year low.

worldNews reuters.com

South Africa's Ramaphosa says it's time to review cabinet make up

CAPE TOWN (Reuters) - South Africa's new President Cyril Ramaphosa said on Tuesday it was time to consider the make-up of his cabinet, amid growing speculation about whether Finance Minister Gigaba would keep his job.

sportsNews reuters.com

Ice hockey: Korean women score again but bid farewell with fifth loss

GANGNEUNG, South Korea (Reuters) - The unified Korean women's ice hockey team ended their historic Olympic run with a fifth straight loss on Tuesday but they signed off by adding one more goal to their total in front of another bumper audience of adoring fans.

businessNews reuters.com

Fashion firms dither over instant shopping on the catwalk

PARIS (Reuters) - Fashion labels may be falling over themselves to court young, smartphone-wielding shoppers, but there's one millennial-inspired trend that is only catching on slowly: catwalk shows where clothes are available to buy instantly rather than months later.

sportsNews reuters.com

Figure skating: 'Korea power' buoys hometown ice dancers

GANGNEUNG, South Korea (Reuters) - As if getting to the Olympics was not hard enough for South Korean ice dancers Min Yura and Alexander Gamelin, the two were briefly caught up in a diplomatic fuss over their free dance music and then suffered a wardrobe malfunction.

sportsNews reuters.com

South Korean president endorses Russian presence at Winter Games

SEOUL (Reuters) - South Korean President Moon Jae-in lauded Russia's participation at the Winter Games on Tuesday, saying it had "made our Olympics better", despite calls from some athletes and anti-doping agencies for Russians to be banned from competing at the event.

businessNews reuters.com

LVMH names Serge Brunschwig as new Chairman and CEO of Fendi

PARIS (Reuters) - LVMH , the world's biggest luxury goods group, named on Tuesday Serge Brunschwig as the new chairman and chief executive of its Fendi fashion house, as part of an internal reshuffle.

technologyNews reuters.com

Adecco buys digital recruitment firm Vettery, price not disclosed

ZURICH (Reuters) - Staffing company Adecco said on Tuesday it bought U.S.-based online recruitment platform Vettery for an undisclosed sum to increase its footprint in the digital permanent recruitment market.

worldNews reuters.com

South Korea to announce joint military drill plan with U.S. before April

SEOUL (Reuters) - South Korea and the United States will announce plans before April for a postponed joint military drill, South Korea's defense minister said on Tuesday.

businessNews reuters.com

Samsung Electronics to slash OLED panel production as iPhone X demand disappoints: Nikkei

TOKYO (Reuters) - Samsung Electronics Co will slash output of its organic light-emitting diode (OLED) panels in response to its customer Apple Inc's decision to cut production of iPhone X amid weak demand, the Nikkei reported on Tuesday.

businessNews reuters.com

Exclusive: GM offers $2.2 billion debt for equity swap in return for Seoul's support - sources

SEOUL (Reuters) - General Motors has offered to convert debt of around $2.2 billion owed by its ailing South Korean operation into equity in exchange for financial support and tax benefits from Seoul, four sources with direct knowledge of the matter said.

companyNews reuters.com

S.Korea's fin min vows to negotiate with GM over fate of plants

SEOUL, Feb 20 (Reuters) - South Korea's finance minister said on Tuesday the government would hold talks with General Motors over the future of its four plants after the company announced the closure of one and left the other three in the balance.

businessNews reuters.com

NuStar, other energy partnerships simplify business models to spur growth

HOUSTON (Reuters) - Some publicly-traded U.S. energy pipeline and oil-storage partnerships are restructuring into simpler business models to help attract new investors and spur growth.

environmentNews reuters.com

Former cyclone Gita hits New Zealand; emergency declared in southern city

WELLINGTON (Reuters) - New Zealand's national carrier on Tuesday canceled all flights in and out of the capital, Wellington, and the southern city of Christchurch declared a state of emergency as the remnants of tropical cyclone Gita pummelled the country.

businessNews reuters.com

Asian stocks slip after European surge fades, dollar edges up

TOKYO (Reuters) - Asian stocks slipped on Tuesday, their recent recovery stalling after European equities broke a winning streak, while the dollar edged up to pull further away from three-year lows.

businessNews reuters.com

Corbyn warns bankers: finance will serve Britain under Labour government

LONDON (Reuters) - Britain's financial sector will be "the servant of industry not the masters of us all" if the opposition Labour Party gets into power, its leader Jeremy Corbyn will say on Tuesday, accusing bankers of taking the economy hostage.

businessNews reuters.com

Asian stocks dip after European surge fades, dollar firm

TOKYO (Reuters) - Asian stocks dipped on Tuesday, their recent recovery slowing after European equities broke a winning streak, while the dollar held firm after bouncing from three-year lows.

businessNews reuters.com

Over half of Japan firms do not plan base pay rise this year

TOKYO (Reuters) - More than half of Japan's companies do not plan to raise base pay in annual wage talks in coming months, a set back for the prime minister and the country's main business lobby which has called for wage rises of 3 percent to fuel an economic revival.

businessNews reuters.com

BoE's Carney says Bitcoin has 'pretty much failed' as currency

LONDON (Reuters) - Bitcoin <BTC=BTSP> has failed as a currency measured by standard benchmarks, and is neither a store of value nor a useful way to buy things, Bank of England Governor Mark Carney said on Monday.

companyNews reuters.com

BRIEF-Southwest Airlines Cargo To Ship Cargo to Select International Destinations Starting May

* SOUTHWEST AIRLINES CO - ‍ INTENTION TO BEGIN SHIPPING CARGO TO SELECT INTERNATIONAL DESTINATIONS BEGINNING IN MAY 2018 Source text for Eikon: Further company coverage:

businessNews reuters.com

BlackRock upgrades outlook for U.S. stocks on earnings momentum

(Reuters) - The world's biggest asset manager BlackRock Inc upgraded its view on U.S. stocks, citing very strong earnings momentum, while cutting European stocks to neutral.

companyNews reuters.com

UPDATE 1-ProSieben in exclusive talks with General Atlantic on digital stake sale- sources

MUNICH/FRANKFURT, Feb 19 (Reuters) - ProSiebenSat.1 Media SE is in exclusive talks with private equity firm General Atlantic over the sale of a minority stake in its digital business, two people with direct knowledge of the matter said on Monday.

businessNews reuters.com

Uber drops opposition to London language test

LONDON (Reuters) - Taxi app Uber [UBER.UL] is dropping a legal appeal against the introduction of more stringent English language tests for drivers in London after the city's transport regulator said it would water down its stringent proposals.

businessNews reuters.com

World stocks break recovery streak with U.S. and China closed

LONDON (Reuters) - World stocks were set to post their first loss in five days on Monday, breaking a winning streak that saw them recover almost half their losses from a violent sell-off two weeks ago.

businessNews reuters.com

How a U.S. coal deal warmed Ukraine's ties with Trump

KIEV (Reuters) - For the first time in Ukraine's history, U.S. anthracite is helping to keep the lights on and the heating going this winter following a deal that has also helped to warm Kiev's relations with President Donald Trump.

businessNews reuters.com

BlackRock raises U.S. equities to overweight on earnings momentum

LONDON (Reuters) - The world's biggest asset manager BlackRock has upgraded its view on U.S. equities to "overweight", citing very strong earnings momentum, while cutting European stocks to neutral.

companyNews reuters.com

GLOBAL MARKETS-Stocks break recovery streak with U.S. and China closed

LONDON, Feb 19 (Reuters) - World stocks were set to post their first loss in five days on Monday, breaking a winning streak that saw them recover almost half their losses from a violent sell-off two weeks ago.

businessNews reuters.com

Global mining deals jump 15 percent by value in 2017: EY

LONDON (Reuters) - The value of global mining and metals deals hit a four-year high in 2017, according to accountancy firm EY, as financial distress abated and companies sold off non-core assets.

businessNews reuters.com

Russian magnate Deripaska to quit roles at his two biggest firms

MOSCOW (Reuters) - Russian billionaire Oleg Deripaska plans to step down as the president of the two companies he controls, aluminum giant Rusal and En+ Group , two sources familiar with the matter told Reuters.

businessNews reuters.com

Deutsche Bank to cut at least 250 investment banking jobs -source

FRANKFURT (Reuters) - Deutsche Bank is cutting at least 250 investment banking jobs in locations including London and the United States, a person familiar with the matter told Reuters, adding that the figure could rise to as many as 500.

sportsNews reuters.com

Speed skating: Norway's Lorentzen edges Korean in photo finish

GANGNEUNG, South Korea (Reuters) - Norwegian Havard Lorentzen struck gold in the men's 500 meters speed skating at the Gangneung Oval on Monday after edging out South Korea's Cha Min-kyu in a dramatic photo finish.

businessNews reuters.com

World stocks extend global recovery, set for sixth day of gains

LONDON (Reuters) - World stocks were set for a sixth session of gains on Monday, extending a recovery from a selloff sparked by fears of creeping inflation and higher borrowing costs.

businessNews reuters.com

Congress sets sights on federal cryptocurrency rules

WASHINGTON (Reuters) - Jolted by the global investment craze over bitcoin and other cryptocurrencies, U.S. lawmakers are moving to consider new rules that could impose stricter federal oversight on the emerging asset class, several top lawmakers told Reuters.

#MeToo Movement nytimes.com

A Director’s Apology Adds Momentum to South Korea’s #MeToo Movement

“I am ready to take all punishment, including legal responsibilities for my crimes,” said Lee Youn-taek, a prominent theater director accused of sexual harassment.

businessNews reuters.com

Singapore competition agency to look closer at Uber tie-up with ComfortDelGro

SINGAPORE (Reuters) - Singapore's competition commission said on Monday it plans to do further in-depth assessment of the tie-up between the city-state's top taxi operator, ComfortDelGro, and Uber [UBER.UL], after an initial review.

businessNews reuters.com

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.

businessNews reuters.com

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.

sportsNews reuters.com

Ice hockey: Unified Korean team could be Beijing-bound

GANGNEUNG, South Korea (Reuters) - The prospect of seeing a unified Korean women's ice hockey team return to action at the 2022 Winter Olympics would be welcomed by International Ice Hockey Federation (IIHF), who believe it would keep alive the message of peace and hope.

companyNews reuters.com

UPDATE 2-S.Korea's Moon bemoans GM plant closure move, calls on govt to help workers

* Moon asks govt for job measures to offset GM plant shutdown move

worldNews reuters.com

Premier of tiny Saarland new secretary general of Merkel's CDU: paper

BERLIN (Reuters) - Annegret Kramp-Karrenbauer, premier in the tiny western state of Saarland, is to take over as secretary general of Chancellor Angela Merkel's Christian Democratic Union (CDU), the daily Sueddeutsche Zeitung reported on Monday.

businessNews reuters.com

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.

businessNews reuters.com

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.

topNews reuters.com

Carnival probes security personnel's response to brawl in South Pacific cruise

SYDNEY (Reuters) - Carnival Corp , the world's largest cruise operator, said on Monday it was investigating the response of its security personnel to a brawl that broke out on one of its South Pacific cruises that resulted in 23 passengers being removed.

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?

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.

cnn.com

The South Korean training ground for assassins

CNN's Ivan Watson gets an inside look at Silmido Island in South Korea, which was used as a training ground for assassins.

businessNews reuters.com

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.

businessNews reuters.com

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

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

businessNews reuters.com

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).

businessNews reuters.com

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.

businessNews reuters.com

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.

sportsNews reuters.com

Ice hockey: Canadian men beat South Korea 4-0 and get bye to quarters

GANGNEUNG, South Korea (Reuters) - Canada's men's ice hockey team beat South Korea 4-0 on Sunday to secure a bye into the quarter-finals of the Olympic tournament.

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.

sportsNews reuters.com

South Korea's Ko wins Women's Australian Open wire-to-wire

(Reuters) - Ko Jin-young ignored persistent screeching by a flock of sulphur-crested cockatoos on Sunday to record an emphatic wire-to-wire victory at the Handa Women's Australian Open in Adelaide.

sportsNews reuters.com

NBA's Africa Game returns to South Africa in August

(Reuters) - NBA players will return to South Africa in August to participate in the third NBA Africa Game, officials said on Saturday.

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.

worldNews reuters.com

Far-right extremists march in Sofia to honor pro-Nazi general

SOFIA (Reuters) - Hundreds of far-right extremists marched through the center of Sofia on Saturday to honor a Bulgarian general who led a pro-Nazi organization in the 1930s and 1940s.

businessNews reuters.com

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.

Politics and Government nytimes.com

As Ramaphosa Hails a ‘New Dawn,’ South Africans See More of the Same

Few in Soweto township expect change now that Cyril Ramaphosa is president. But none can imagine voting against the African National Congress.

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.

environmentNews reuters.com

Small earthquake felt in Wales, southern England

LONDON (Reuters) - An earthquake of magnitude 4.4 struck Britain on Saturday, the British Geological Survey (BGS) said on Saturday, with tremors felt across parts of Wales and southwest England.

entertainmentNews reuters.com

South Korean filmmaker hopeful Olympics will improve ties with North

BERLIN (Reuters) - South Korean filmmaker Kim Ki-duk said on Saturday he hoped for an improvement in relations between North and South Korea given both countries were taking part in the Olympics on the southern part of the peninsula.

cnn.com

South Korea puts brakes on hopes for quick talks with North

South Korean President Moon Jae-in said Saturday it was too early to talk about hosting a summit with North Korean leader Kim Jong Un, hinting he would not rush the matter.

sportsNews reuters.com

South Korea official floats idea of co-hosting Asian Games with North

PYEONGCHANG, South Korea (Reuters) - A South Korean province is considering a proposal to co-host the 2021 Asian Winter Games with North Korea in a bid to strengthen inter-Korean ties, South Korea's Yonhap News Agency said on Saturday, quoting provincial governor Choi Moon-soon.

sportsNews reuters.com

South Korea province considers plan to host Asia games with North Korea: Yonhap

PYEONGCHANG, South Korea (Reuters) - A South Korean province is considering a proposal to co-host the 2021 Asian Winter Games with North Korea in a bid to strengthen inter-Korean ties, South Korea's Yonhap News Agency said on Saturday, quoting provincial governor Choi Moon-soon.

cnn.com

7.2 earthquake jolts southern Mexico

A magnitude 7.5 earthquake struck southeastern Mexico on Friday night, with the epicenter in the state of Oaxaca, the US Geological Survey reported. An earthquake alert was issued in Mexico City and buildings were evacuated there, CNN's Leyla Santiago said. No reports on injuries or damage were immediately available.

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.

domesticNews reuters.com

South Carolina teen who fatally shot two charged as adult

CHARLESTON, S.C. (Reuters) - A 15-year-old accused of killing his father and driving to a South Carolina elementary school playground in 2016 where he opened fire and fatally wounded a 6-year-old student, will be tried as an adult, a South Carolina judge ruled on Friday.

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.

businessNews reuters.com

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.

businessNews reuters.com

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.

worldNews reuters.com

South Africa's Ramaphosa hails 'new dawn', warns of tough decisions

CAPE TOWN (Reuters) - South Africa will face "tough decisions" as it works to repair its economy after years of stagnation, new President Cyril Ramaphosa said in a sober address on Friday that sought to draw a line under the turbulent rule of his predecessor Jacob Zuma.

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.

politicsNews reuters.com

U.S. deputy attorney general to make law enforcement announcement

WASHINGTON (Reuters) - Rod Rosenstein, the U.S. deputy attorney general, will make a law enforcement announcement at 1:15 p.m. (1815 GMT), the Justice Department said on Friday.

cnn.com

A person close to Nikolas Cruz contacted officials on January 5 to share concerns, bureau says

The FBI failed to act on a tip about Nikolas Cruz, the confessed shooter in the Parkland, Florida, school massacre, the bureau said in a statement on Friday.

businessNews reuters.com

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.

companyNews reuters.com

BRIEF-Uber Preparing To Sell Southeast Asia Unit To Grab In Exchange For Stake In Company - CNBC‍​

* UBER IS PREPARING TO SELL SOUTHEAST ASIA UNIT TO GRAB IN EXCHANGE FOR STAKE IN COMPANY - CNBC, CITING SOURCES ‍​ Source text: http://cnb.cx/2BwgfiO Further company coverage:

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.

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.

Olympic Games (2018) nytimes.com

Seeing Bounty Abroad, Will North Koreans Change Their Homeland?

At the Olympics, curious onlookers scrutinize visitors from the isolated North and wonder what a peek at a broader world could achieve.

businessNews reuters.com

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.

businessNews reuters.com

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.

businessNews reuters.com

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."

businessNews reuters.com

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.

businessNews reuters.com

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 .   

businessNews reuters.com

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.

businessNews reuters.com

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.

businessNews reuters.com

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.

companyNews reuters.com

INSIGHT-Lost in translation? GM plant shutdown shocks South Korea

* GM's plant closure "shock and surprise" - S.Korean officials

topNews reuters.com

South Africa's Ramaphosa set to outline priorities in key speech

JOHANNESBURG (Reuters) - South Africa's new president, Cyril Ramaphosa, is expected to give more details about how he plans to tackle corruption and boost economic growth on Friday, when he delivers his first state of the nation address.

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.

businessNews reuters.com

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.

businessNews reuters.com

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.

businessNews reuters.com

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.

businessNews reuters.com

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.

nytimes.com

Europe Edition: Florida, Kosovo, South Africa: Your Friday Briefing

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

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.

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.

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.

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.

cnn.com

A top Trump campaign adviser is close to a plea deal with Mueller

Former Trump campaign adviser Rick Gates is finalizing a plea deal with special counsel Robert Mueller's office, indicating he's poised to cooperate in the investigation, according to sources familiar with the case.

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.

businessNews reuters.com

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.

Olympic Games (2018) nytimes.com

Most North Koreans Can’t Actually Watch the Olympic Games

The government isn’t eager to remind them that South Korea is prosperous enough to be able to host the games.

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.

worldNews reuters.com

No 'bloody nose' plan for North Korea: U.S. official, senators

WASHINGTON (Reuters) - The senior U.S. diplomat for Asia, Susan Thornton, said on Thursday she understood the Trump administration had no strategy for a so-called bloody nose strike on North Korea, but Pyongyang would be forced to give up its nuclear weapons "one way or another."

sportsNews reuters.com

Tennis: Federer closes in on world number one ranking

(Reuters) - Roger Federer is one win from becoming the oldest world number one in ATP Tour history after beating Philipp Kohlschreiber 7-6(8) 7-5 in the last 16 of the Rotterdam Open on Thursday.

nytimes.com

Asia and Australia edition: Florida Shooting, South Africa, Olympics: Your Friday Briefing

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

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.

companyNews reuters.com

Seadrill close to restructuring deal with bondholders -sources

OSLO/WILMINGTON, Delaware, Feb 15 (Reuters) - Seadrill's main owner, billionaire John Fredriksen, is close to a deal with unsecured bondholders and South Korean shipyards on a restructuring plan for the rig operator, sources familiar with the talks said on Thursday.

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.

Race and Ethnicity nytimes.com

Op-Ed Contributor: Jacob Zuma and the Legacy of Race in South Africa

He governed as a man distorted by the violence and oppression of white supremacy.

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.

sportsNews reuters.com

Golf: Twin caddies steal the show as Southgate, Siem shoot aces

(Reuters) - A pair of twin brothers stole the limelight as caddies at the Oman Open on Thursday, playing a part as England's Matthew Southgate and Germany's Marcel Siem both shot holes-in-one.

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.

Olympic Games (2018) nytimes.com

Your Designs: Olympic Logos for Russia and the Two Koreas

What should the Olympic Athlete From Russia logo look like? How about the Korean Unification Flag? We asked readers for their design proposals.

sportsNews reuters.com

Ice hockey: South Korean men fall to Czechs on Games debut

GANGNEUNG, South Korea (Reuters) - The Czech Republic men's ice hockey team edged out South Korea 2-1 on Thursday but had to come from behind against an impressive Olympic debut performance by the host country.

topNews reuters.com

Ramaphosa elected president of South Africa, vows anti-corruption fight

CAPE TOWN (Reuters) - Cyril Ramaphosa was elected as South Africa's president in a parliamentary vote on Thursday and pledged to tackle endemic corruption after scandal-ridden Jacob Zuma resigned on orders from the ruling African National Congress.

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."

topNews reuters.com

Ramaphosa elected president of South Africa

CAPE TOWN (Reuters) - Cyril Ramaphosa was elected as South Africa's president in a parliamentary vote on Thursday after scandal-ridden Jacob Zuma reluctantly resigned on orders from the ruling African National Congress.

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.

worldNews reuters.com

Wily negotiator Ramaphosa takes South Africa's top job

JOHANNESBURG (Reuters) - After weeks of tortuous discussions to convince scandal-plagued Jacob Zuma to step down as head of state, South Africa's great negotiator, Cyril Ramaphosa, has fulfilled his long-held ambition to lead the country.

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.

cnn.com

Mandela's chosen one gets his turn as South Africa's president

It was the moment Cyril Ramaphosa wanted in 1999. The former anti-apartheid activist was Nelson Mandela's favorite to succeed him as leader of the African National Congress and South African president, but the party overlooked him in a crushing blow to his political ambitions.

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.

sportsNews reuters.com

Ice Hockey: South Korean men score first goal of Games

GANGNEUNG, South Korea (Reuters) - It took the unified Korean women's ice hockey team 149 minutes and 31 seconds of playing time to get their first Olympic goal. South Korea's men's hockey team needed only 7 minutes and 34 seconds to do it.

sportsNews reuters.com

North Korean athletes, a diplomatic bargain at $2,300 each

PYEONGCHANG, South Korea (Reuters) - How much is a North Korean athlete worth?

Ramaphosa, Cyril nytimes.com

An Elite South African Who Vows to Fight for the Ordinary Citizen

Cyril Ramaphosa was a protégé of Nelson Mandela before becoming one of South Africa’s richest men. As president, he vows to address gaping inequality.

sportsNews reuters.com

North Korean cheerleaders appear at South Korean men's game

GANGNEUNG, South Korea (Reuters) - North Korea's cheerleading squad made an unexpected appearance at the South Korean men's hockey game against the Czech Republic on Thursday, marking their first attendance at an Olympic event not featuring a North Korean athlete.

cnn.com

South Africa's parliament to elect a new President

South Africa's parliament is expected to meet Thursday to elect a new President after Jacob Zuma's late night resignation ended a protracted campaign to push him from office.

topNews reuters.com

South Africa starts walk back to post-Zuma rehabilitation

JOHANNESBURG (Reuters) - South Africans awoke to a nation without Jacob Zuma as president for the first time in nine years on Thursday, after the scandal-plagued head of state reluctantly resigned on orders from the ruling African National Congress (ANC).

worldNews reuters.com

Moon's chief of staff takes center stage in inter-Korean detente

SEOUL (Reuters) - In 1989, a 22-year-old South Korean student caused an uproar when she sneaked into North Korea and was filmed advocating for unification and meeting then leader Kim Il Sung.

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.

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.

companyNews reuters.com

Aldi Sued and Aldi Nord looking at closer cooperation - Manager Magazin

FRANKFURT, Feb 15 (Reuters) - Europe's leading discount retailer Aldi is considering stepping up cooperation between its two separate namesake companies Aldi Nord and Aldi Sued, a German monthly reported.

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

Olympics-Alpine skiing-Gut feeling fine after getting close-up with photographer

PYEONGCHANG (Reuters) - Switzerland's Lara Gut crashed into a photographer after a spectacular wipeout in the women's giant slalom on Thursday but neither of them were hurt and the speed specialist said she would be fine for the super-G in two days' time.

cnn.com

N. Korean ship spotted likely violating sanctions a third time

A North Korean tanker has likely violated United Nations sanctions for the third time in recent months, according to authorities in Japan.

worldNews reuters.com

Japan's Abe, Trump agree to keep up pressure on North Korea

TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe and U.S. President Donald Trump agreed to keep up pressure on North Korea until Pyongyang abandons its nuclear and missile programs, Japan's foreign ministry said on Thursday.

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.

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.

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.

cnn.com

Inspector general: VA secretary's chief of staff altered email for wife's expenses

The chief of staff for Veterans Affairs Secretary David Shulkin altered an email and made false statements to a department ethics official that led to taxpayers covering expenses for Shulkin's wife on an official trip to Europe last summer, the agency's inspector general said in a report released Wednesday.

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.

sportsNews reuters.com

Olympics: Skeleton: South Korea's Yun banks on home comforts

PYEONGCHANG, South Korea (Reuters) - South Korean skeleton slider Yun Sung-bin is not getting distracted in his bid to win his country's first gold medal in the men's skeleton at the Pyeongchang Olympics, his team's head coach said on Wednesday.

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.

topNews reuters.com

Zuma quits, ending scandal-plagued term as South African president

JOHANNESBURG (Reuters) - Jacob Zuma resigned as President of South Africa on Wednesday, reluctantly heeding orders by the ruling African National Congress (ANC) to bring an end to his nine scandal-plagued years in power.

Politics and Government nytimes.com

Editorial: South Africa’s Zuma Leaves Behind a Broken Democracy

Can the party of Nelson Mandela, which has had a near-monopoly on South African politics, cleanse and revive itself?

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.

Politics and Government nytimes.com

Jacob Zuma’s Legacy Is a Weakened South Africa

Jacob Zuma’s legacy includes a series of scandals, increased corruption, few successes and a loss of faith in Nelson Mandela’s party.

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.

cnn.com

South Africa's President resigns

Jacob Zuma is quitting as President of South Africa, finally succumbing to a slew of corruption scandals that have drained support from his ruling African National Congress party.

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.

topNews reuters.com

Zuma quits as President of South Africa

JOHANNESBURG (Reuters) - Jacob Zuma resigned as President of South Africa on Wednesday, heeding orders by the ruling African National Congress (ANC) to bring an end to his nine scandal-plagued years in power.

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.

South Africa nytimes.com

Jacob Zuma Resigns as South Africa’s President

Cyril Ramaphosa, newly elected as the leader of the African National Congress, is in line to be the next leader of the country.

politicsNews reuters.com

U.S. attorney general opposes plan to reform prison sentencing

WASHINGTON (Reuters) - Attorney General Jeff Sessions on Wednesday warned the U.S. Senate Judiciary Committee to not approve a draft criminal sentencing reform bill that he claims would reduce sentences for "a highly dangerous cohort of criminals."