News Trends, News Analysis, News Archive.



Related Articles

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.

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.

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

China to impose annual fishing ban in Yellow River from 2018: Xinhua

BEIJING (Reuters) - China will ban fishing in the Yellow River, or Huanghe, between April 1 and June 30 every year starting from 2018, state-owned media Xinhua reported on Monday, citing a statement from the Ministry of Agriculture.

politicsNews reuters.com

Students plan protests, Washington march, to demand gun control after mass shooting

PARKLAND, Fla. (Reuters) - Stunned by the deadliest high school shooting in U.S. history, students mobilized across the country on Sunday to organize rallies and a national walkout in support of stronger gun laws, challenging politicians they say have failed to protect them.

companyNews reuters.com

Nikkei rises to 1-1/2-week high, exporters and big-caps gain

TOKYO, Feb 19 (Reuters) - Japan's Nikkei share average rose to a 1-1/2-week high on Monday morning as exporters took advantage of a pullback in the yen, while market heavyweights such as Fanuc and Fast Retailing helped boost the benchmark index.

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.

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.

companyNews reuters.com

Global dividends hit record of $1.25 trln in 2017, more to come

MILAN, Feb 19 (Reuters) - Global dividends rose 7.7 percent to an all-time high of $1.25 trillion (1 trillion euros) last year boosted by a buoyant world economy and rising corporate confidence, Janus Henderson said on Monday, predicting another record year ahead.

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).

politicsNews reuters.com

Stunned by massacre, U.S. students demand tighter gun controls

PARKLAND, Fla. (Reuters) - Stunned by last week's bloodiest high school shooting in U.S. history, students across the country were mobilizing on Sunday for stronger gun laws, while Florida officials contemplated when to reopen their badly shaken school.

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.

worldNews reuters.com

Hungary's Orban calls for global anti-migrant alliance with eye on 2018 elections

BUDAPEST (Reuters) - Hungarian leader Viktor Orban called on Sunday for a global alliance against migration as his right-wing populist Fidesz party began campaigning for an April 8 election in which it is expected to win a third consecutive landslide victory.

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.

companyNews reuters.com

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

MUMBAI, Feb 18 (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.

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.

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

Maldives police arrest 25 after protest demanding leader's arrest

MALE (Reuters) - Maldives police arrested 25 people under a state of emergency, opposition legislators said on Saturday, after thousands of protesters gathered a day earlier to call for the detention of the president and release of opposition leaders.

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.

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.

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.

politicsNews reuters.com

Confluence of crises crashes Trump's 'Infrastructure Week'

WASHINGTON (Reuters) - This was supposed to be “Infrastructure Week” for U.S. President Donald Trump, a time to unveil a long-promised plan to create jobs by revitalizing America's roads and bridges.

companyNews reuters.com

CANADA STOCKS-TSX racks up best week in two years as oil shares rise

Feb 16 (Reuters) - Canada's main stock index rose on Friday as a boost from the heavyweight energy sector helped the market rack up its best weekly performance in nearly two years.

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.

companyNews reuters.com

BRIEF-Berry Global Announces Proprietary Spinlace Capacity Investment

* BERRY GLOBAL, INC. ANNOUNCES PROPRIETARY SPINLACE® CAPACITY INVESTMENT

companyNews reuters.com

BRIEF-S&P Global Ratings To Bring Cyber Risk Insights From Cyence Risk Analytics To S&P Global Ratings360​

* S&P GLOBAL RATINGS SAYS TO BRING CYBER RISK INSIGHTS FROM GUIDEWIRE SOFTWARE'S CYENCE RISK ANALYTICS TO S&P GLOBAL RATINGS360​ Source text for Eikon: Further company coverage:

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.

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.

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.

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.

companyNews reuters.com

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.

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.

Television nytimes.com

In ‘McMafia,’ Crime’s Tentacles (and a TV Show) Go Global

The eight-part series is unusual in mainstream TV-making in having a cast of international actors in major roles, often speaking in their own languages.

Pop and Rock Music nytimes.com

How an Indie-Rock Star Is Made in 2018

The singer and songwriter Lucy Dacus, 22, was deemed “up next.” Then she had to actually make the album.

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."

companyNews reuters.com

BRIEF-Freddie Mac Announces First NPL Sale Of 2018

* FREDDIE MAC - ‍$420 MILLION TRANSACTION FEATURES FOUR POOLS, INCLUDING AN EXTENDED TIMELINE POOL OFFERING TARGETING SMALLER INVESTORS​ Source text for Eikon: Further company coverage:

sportsNews reuters.com

Motor racing: Russian rookie Sirotkin will surprise, says Williams

LONDON (Reuters) - Williams say Russian rookie Sergey Sirotkin has earned his place at the Formula One team on merit and is likely to surprise people this season.

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

UPDATE 2- Under investor pressure, Danone eyes more profit growth in 2018

* Shares rise (Adds share reaction, analyst comment, details)

companyNews reuters.com

Zinc miners, smelters spar over supply as 2018 terms delayed

MELBOURNE, Feb 16 (Reuters) - Global zinc miners and smelters failed to reach any benchmark deal on 2018 processing terms at an annual industry gathering this week, and any agreement is likely to be delayed by a month or more as participants haggle over prospects for growing supply in the second half, two industry sources told Reuters.

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.

worldNews reuters.com

UK to push EU for City of London's favored Brexit plan: FT

LONDON (Reuters) - Britain's government is ready to push for the kind of Brexit regulation plan that the City of London has long favored but which has already run into opposition in Brussels, the Financial Times reported 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.

companyNews reuters.com

CORRECTED-Gazprom demands discounts from Russian pipemakers as investments peak

* Gazprom seeks 20 pct discount on large diameter pipes - sources

companyNews reuters.com

CORRECTED-RPT-Gazprom demands discounts from Russian pipemakers as investments peak

* Gazprom seeks 20 pct discount on large diameter pipes - sources

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.

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.

companyNews reuters.com

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

companyNews reuters.com

Nikkei rises on relief over Kuroda's BOJ reappointment

TOKYO, Feb 16 (Reuters) - Japanese stocks rose on Friday morning, with investors relieved to see the government appoint Bank of Japan Governor Haruhiko Kuroda for another term and choose an advocate of bolder monetary easing as one of his deputies.

cnn.com

Help us: Don Lemon demands Trump stand up to gun lobby

CNN's Don Lemon sends a message to President Trump to stand up to gun lobbyists after a 19-year-old man gunned down 17 people at Marjory Stoneman Douglas High School in Parkland, Florida.

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.

Education (K-12) nytimes.com

Op-Ed Columnist: The Rise of the Amphibians

Millennials who can thrive in radically different environments may save the world.

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.

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-Nu Skin Enterprises Announces Dividend Increase

* NU SKIN ENTERPRISES INC - HAS INCREASED QUARTERLY CASH DIVIDEND TO $0.365 FROM PREVIOUS $0.36 PER SHARE Source text for Eikon: Further company coverage:

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.

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.

politicsNews reuters.com

U.S. official: 'Would be surprised' if Russia doesn't face sanctions under new law

WASHINGTON (Reuters) - U.S. State Department spokeswoman Heather Nauert said on Thursday she would be surprised if the United States doesn't at some point impose sanctions on Russian firms or entities covered by a U.S. sanctions law that went into effect in late January.

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.

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.

entertainmentNews reuters.com

Designer Westwood stages London fashion fracking protest

LONDON (Reuters) - Fashion designer Vivienne Westwood brought models off the catwalk and onto the streets of London in an anti-fracking protest on Thursday.

companyNews reuters.com

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

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

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.

cnn.com

As marijuana use rises, doctors warn pregnant women

Two-year-old Maverick Hawkins sits on a red, plastic car in his grandmother's living room in the picturesque town of Nevada City, Calif., in the foothills of the Sierra Nevada. His playpal Delilah Smith, a fellow 2-year-old, snacks on hummus and cashews and delights over the sounds of her Princess Peppa Pig stuffie.

companyNews reuters.com

METALS-Copper rises as zinc, nickel scale multi-year peaks

* LME/ShFE arb: http://bit.ly/2wZSAEz (Releads, updates with closing prices)

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.

Olympic Games (2018) nytimes.com

Winter Olympics 2018: Medals Table, Results and Schedule

The Winter Games are underway in Pyeongchang, South Korea. Stay here for live updates, results and analysis.

worldNews reuters.com

Turkey demands U.S. expel Kurdish militia from anti-Islamic State force

BRUSSELS (Reuters) - Turkey said on Thursday it had demanded that the United States expel a Kurdish militia from the ground forces it backs in Syria, underscoring the widening gulf between the NATO allies since Ankara launched a new Syrian offensive last month.

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.

cnn.com

UK blames Russia for global cyberattack

nytimes.com

The Week in Good News: Chloe Kim, Mr. Rogers, and a Bichon Frisé Named Flynn

Sometimes it seems as if we’re living under a constant barrage of heavy news. But it isn’t all bad out there.

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 1-Forex trading up sharply in 2018 as volatility returns

LONDON, Feb 15 (Reuters) - Foreign exchange trading volumes have risen sharply since the start of this year, new data showed on Thursday, as investors ramped up bets on a weaker dollar and uncertainty about the end of the era of cheap money stoked volatility.

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

FX trading volumes rise sharply in Jan, early Feb - CLS

LONDON, Feb 15 (Reuters) - Foreign exchange trading volumes jumped 24 percent in January from a year earlier, data from CLS showed on Thursday, as investors ramped up bets on a weaker dollar and uncertainty about the end of the era of cheap money stoked volatility.

companyNews reuters.com

UPDATE 1-Freeport, Amman awaiting green light on 2018 Indonesia copper exports

JAKARTA, Feb 15 (Reuters) - The Indonesian unit of Freeport-McMoRan Inc and fellow copper miner Amman Mineral Nusa Tenggara (AMNT) are waiting for last-minute mining ministry approvals to their applications to extend copper concentrate exports, company officials said.

healthNews reuters.com

Indivior legal costs rise, new anti-addiction drug ready

LONDON (Reuters) - Britain's Indivior, which makes drugs to treat opioid addiction and plans to launch a key new product this month, said on Thursday it had increased provisions for investigative and antitrust litigation matters to $438 million.

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.

companyNews reuters.com

METALS--Copper rises for a 4th day to a 10-day high on weaker dollar, growth outlook

MELBOURNE, Feb 15 (Reuters) - London copper rose for a fourth day to the highest in 10 days on Thursday, supported by a decline in the dollar and robust prospects for global growth. FUNDAMENTALS * London Metal Exchange copper rose by 0.3 percent to $7,186.50 a tonne by 0245 GMT. Prices have risen for a fourth straight session, gaining 6.4 percent during this period. Copper earlier climbed as high as $7,195, the highest since Feb. 5. * SHFE: The Shanghai Futures Exchange was

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

Female artists strike right note at NME Awards in London

LONDON (Reuters) - Female musical acts took home a slew of prizes at the NME Awards in London on Wednesday, in a move that artists present welcomed as the entertainment industry reeled from allegations of sexual misconduct against women.

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.

companyNews reuters.com

BRIEF-Liberty Global Reports Q4 And Full-Year 2017 Results

* ‍IN 2018 EXPECT ADJUSTED FREE CASH FLOW OF $1.6 BILLION AND P&E ADDITIONS OF $5.1 BILLION​

companyNews reuters.com

RPT-Indian state warns local firms over spread of unauthorised Monsanto GM cotton

NEW DELHI, Feb 15 (Reuters) - A top Indian cotton-growing state has told two local companies that seeds they sold to farmers may have contained traces of an unapproved GM strain from Monsanto, according to government notices seen by Reuters that warn of action against the firms.

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.

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.

technologyNews reuters.com

Applied Materials first-quarter results, current-quarter forecast beat on chip demand

(Reuters) - Applied Materials Inc reported first-quarter profit and revenue above Wall Street estimates as the world's largest semiconductor equipment maker benefited from higher demand for flat panel displays and chips used in electronic items.

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.

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.

technologyNews reuters.com

Applied Materials profit, revenue top estimates on higher chip demand

(Reuters) - Applied Materials Inc , the world's largest supplier of tools for chipmakers, reported first-quarter profit and revenue above Wall Street estimates, driven by higher demand for flat panel displays and chips used in electronic items.

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.

healthNews reuters.com

U.S. healthcare spending to climb 5.3 percent in 2018: agency

WASHINGTON (Reuters) - United States health spending is projected to rise 5.3 percent in 2018, reflecting rising prices of medical goods and services and higher Medicaid costs, a U.S. government health agency said on Wednesday, an upward trend it forecasts for the next decade.

worldNews reuters.com

Any U.S. talks with North Korea would press denuclearization demand: Pence

WASHINGTON (Reuters) - The United States is open to talks with North Korea, but only to convey the U.S. stance that "the most tyrannical and oppressive regime on the planet" must give up its nuclear weapons, U.S. Vice President Mike Pence said on Wednesday.

worldNews reuters.com

Northern Ireland talks collapse, London says deal still possible

BELFAST (Reuters) - Talks to restart Northern Ireland's power-sharing government broke down yet again on Wednesday, the province's main parties said, blaming each other, though Britain held out hope that a solution could still be reached.

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 1-America Movil will spend $8 bln on capex in 2018, CEO says

MEXICO CITY, Feb 14 (Reuters) - America Movil, Mexico's largest telecommunications firm, will increase capital expenditures to around $8 billion this year, Chief Executive Officer Daniel Hajj said during a call with analysts on Wednesday.

United States Politics and Government nytimes.com

Trump Threatens to Veto Immigration Bills that Don’t Meet His Demands

He once said he would sign anything that reaches his desk, but President Trump on Wednesday issued a veto threat on immigration bills that don’t reflect his stand.

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.

companyNews reuters.com

Indian state warns local firms over spread of unauthorised Monsanto GM cotton

NEW DELHI, Feb 14 (Reuters) - A top Indian cotton-growing state has told two local companies that seeds they sold to farmers may have contained traces of an unapproved GM strain from Monsanto, according to government notices seen by Reuters that warn of action against the firms.

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.

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.

companyNews reuters.com

BRIEF-T. Rowe Price Says Vice Chairman Edward Bernard To Retire In Dec 2018

* T. ROWE PRICE VICE CHAIRMAN ED BERNARD TO RETIRE IN DECEMBER 2018; ROB SHARPS NAMED HEAD OF INVESTMENTS AS OF MARCH 1, 2018

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.

entertainmentNews reuters.com

Heavy metal band Metallica wins 2018 Polar Music Prize

STOCKHOLM (Reuters) - American heavy metal band Metallica was awarded Sweden's Polar Music Prize on Wednesday, drawing a delighted response from the group which has sold more than 100 million records worldwide.

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.

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.

technologyNews reuters.com

Rise of the data protection officer, the hottest tech ticket in town

SAN FRANCISCO (Reuters) - They may not have the cachet of entrepreneurs, or geek chic of developers, but data protection officers are suddenly the hottest properties in technology.

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.

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.

lifestyleMolt reuters.com

Flynn the bichon frise fetches top prize at Westminster Kennel Club Dog Show

NEW YORK (Reuters) - A bichon frise named Flynn was crowned best in show at the 142nd Westminster Kennel Club Dog Show on Tuesday, triumphing over the nearly 3,000 dogs that competed in the...

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.

companyNews reuters.com

METALS-Shanghai copper rises on short-covering, LME tops $7,000

(Adds broker comment, updates prices) BEIJING, Feb 14 (Reuters) - Shanghai copper prices rose for a second session on Wednesday, tracking a strong jump in London the previous day, as traders took up new positions in the metal before the Shanghai Futures Exchange (ShFE) closes for a national holiday. Market open interest on Shanghai copper hit 811,170 lots on Tuesday, the highest since January 2016, ahead of the Lunar New Year holiday in China beginning on Thursday. Traders are l

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.

Olympic Games (2018) nytimes.com

Winter Olympics 2018: Results, Medals and Schedule

The Winter Games are underway in Pyeongchang, South Korea. Stay here for live updates, results and analysis.

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.

Westminster Kennel Club Dog Show nytimes.com

Live Briefing: Westminster Dog Show 2018: Live Updates and Photos

Who will win Best in Show? Stay here for live updates and photographs from the Westminster Dog Show at Madison Square Garden.

cnn.com

US intel chiefs unanimous: Russia is targeting 2018 elections

Director of National Intelligence Dan Coats said Tuesday "there should be no doubt" that Russia sees the 2018 US elections as a target.

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.