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Alibaba, Tencent rally troops amid $10 billion retail battle

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

GOP donor won't give until candidates support gun legislation

A top Republican donor vowed on Saturday to stop cutting checks for candidates and political groups that do not support a ban on assault weapons.


Time’s Up Descends on Baftas as ‘Three Billboards’ Wins 5 Awards

“Three Billboards Outside Ebbing, Missouri” was celebrated at the ceremony, the British equivalent of the Oscars, as sexual harassment was roundly protested.


'Three Billboards' leads the pack at politically edged BAFTA awards

LONDON (Reuters) - Dark comedy "Three Billboards Outside Ebbing, Missouri" was the biggest winner at the BAFTA Film Awards, held in London on Sunday, an event which saw the campaign for women's rights in the entertainment industry take center stage.


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

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

'Three Billboards' takes top BAFTA

Director Martin McDonagh's bleak drama about a mother's quest for answers about her daughter's murder struck a nerve with British Academy of Film and Television Arts voters.

Federal Budget (US)

Spending Bill Sets Path to Fix a Looming Pension Crisis

The sprawling agreement to boost government spending quietly included a step toward defusing what could be a financial time bomb for 1.5 million retirees.

Rick Gates will plead guilty to fraud-related charges in the next few days, the LA Times reports

Former Trump presidential campaign aide Rick Gates has agreed to testify against former Trump campaign chairman Paul Manafort and will plead guilty to fraud related charges, according to the Los Angeles Times.

Bill Gates says he should pay 'significantly higher' taxes

Microsoft founder and billionaire Bill Gates says he should pay more in taxes and that the government should require other superwealthy people like him to contribute "significantly higher" amounts.


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

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


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.

Bill Gates: I need to pay higher taxes

Microsoft founder Bill Gates says that even though he's paid over $10 billion in taxes, he believes he -- and other people of wealth -- should be required to pay higher taxes.


Tarnished? Olympic brand mints money like never before

PYEONGCHANG, South Korea (Reuters) - A long-running Russian doping scandal. Corruption scams. Major cities say 'no' to staging the Olympics Games.

Rapper gives out $1M in music video

Rapper Drake's music video for his song "God's Plan" shows him donating the video's nearly $1 million budget to people throughout Miami.


Gilead wins reversal of $2.54 billion hepatitis C drug patent verdict

(Reuters) - A federal judge in Delaware has overturned a jury's verdict requiring Gilead Sciences Inc to pay a record $2.54 billion because its hepatitis C drugs Sovaldi and Harvoni infringed a patent held by rival Merck & Co Inc.


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.

Bill Clinton wants to weigh in on whether to release sealed 1998 grand jury documents

Former President Bill Clinton told a federal court on Friday that he'd like to weigh in on whether sealed documents from his 1998 grand jury investigation should be released to the public.

Russian Interference in 2016 US Elections and Ties to Trump Associates

Editorial: Stop Letting the Russians Get Away With It, Mr. Trump

Robert Mueller’s latest indictments show how real the threat to U.S. elections is. When will the White House acknowledge it?

Grandparents given custody of Ohio transgender teen

A Hamilton County, Ohio, judge on Friday gave custody of a transgender teen to his grandparents rather than his parents, allowing them to make medical decisions regarding his transition.

Young survivors give voice to a nation's outrage


Malicious cyber activity cost U.S. up to $109 billion in 2016: White House report

WASHINGTON (Reuters) - Malicious cyber activity cost the U.S. economy between $57 billion and $109 billion in 2016, the White House Council of Economic Advisers estimated in a report on Friday.


U.S. spending bill expands carbon tax credit, boosting oil producers

HOUSTON (Reuters) - A little-noticed addition to the U.S. budget deal approved last week will help Occidental Petroleum Corp and other oil producers by more than tripling a tax credit for injecting carbon dioxide back into the earth to increase crude output.


WhatsApp to go ahead with 'full feature' money transfer service in India

MUMBAI (Reuters) - WhatsApp will launch a "full feature" inter-bank money transfer service in India, its biggest market, after a test involving a million users, National Payments Corp of India said.


Promising money, EU tries to woo Assad into Syria peace talks

SOFIA (Reuters) - The European Union's top diplomat on Friday raised the prospect of collecting money for rebuilding Syria but only if fighting abates and Russia makes sure its ally, President Bashar al-Assad engages in the stalled U.N. peace talks.


Hungary anti-immigration bill an 'assault on human rights': U.N.

GENEVA (Reuters) - The United Nations on Friday labeled an anti-immigration law proposed in Hungary an "assault on human rights" and urged its government to uphold the right of freedom of association.


While ‘Last Week Tonight’ Was Away, John Oliver Was Busy

Mr. Oliver talks about the new season of his topical HBO comedy series and a challenging interview of Dustin Hoffman that he conducted.


Britain's Balfour says joint venture bags $1.95 billion U.S. airport contract

(Reuters) - Britain's Balfour Beatty said on Friday its joint venture had won a $1.95 billion contract relating to building, financing and managing an airport transport system at Los Angeles International Airport (LAX) in the United States.


Months away from Malaysian election, EU's move stirs discontent in palm groves

KUALA LUMPUR (Reuters) - An EU decision to curb palm oil imports was the last thing Malaysian Prime Minister Najib Razak needed ahead of a coming election, with rural voters already aggrieved over financial scandals at state-owned palm oil agency Felda.


UPDATE 1-BHP Billiton to drill two new deepwater wells in Trion this year

MEXICO CITY, Feb 15 (Reuters) - Drilling of a new appraisal well and a separate exploration well in BHP Billiton deepwater Trion project will begin later this year, part of a plan approved by Mexican regulators on Thursday that also revised downward the project's estimated oil and gas resources.

Rebuffing Sessions, senators advance criminal justice reform bill

Senators of both parties on Thursday moved forward their long-odds legislation to enact some degree of reform for the federal criminal justice system.

Senators fume after immigration bill failure

It was supposed to be a raucous, week-long, open floor debate on immigration -- the President's signature issue and such a contentious topic that Democrats shut the government down over it just a month ago.


Senate rejects immigration bills, leaves Dreamers in limbo

WASHINGTON (Reuters) - The U.S. Senate rejected a series of bills to protect "Dreamer" immigrants on Thursday, leaving in limbo the future of 1.8 million young adults brought to the United States illegally as children.


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.


What to Give Up for Lent? Smoking? Cursing? How About Plastic?

The Church of England has issued a “Plastic Lent Challenge,” with six weeks’ worth of ideas for plastic objects to avoid, from wet wipes to toothbrushes.


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.


Senate rejects immigration bills after Trump veto threat

WASHINGTON (Reuters) - The U.S. Senate failed to advance any legislation to protect "Dreamer" immigrants on Thursday, falling short of the 60 votes needed to move forward on four proposals including one backed by President Donald Trump and two bipartisan measures.


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.


Republican lawmaker clashes with Sessions over sentencing reform bill

WASHINGTON (Reuters) - The top Republican lawmaker on the powerful U.S. Senate Judiciary Committee lashed out at fellow Republican Attorney General Jeff Sessions on Thursday, after Sessions slammed a bipartisan draft bill that would reduce prison sentences for nonviolent offenders.


Give women more time to give birth, make choices: WHO

GENEVA (Reuters) - Women in labor should be given more time to give birth and have fewer medical interventions, while participating more in decision-making, the World Health Organization (WHO) said on Thursday.


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.


Indivior bets on $1 billion anti-addiction shot as legal bill weighs

LONDON (Reuters) - Britain's Indivior is launching a new weapon to fight the U.S. opioid crisis this month, but high hopes for its once-monthly injection were offset on Thursday by the need to set aside more cash for legal disputes.


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.


U.S. Democrats push $1 billion bill for election security

WASHINGTON (Reuters) - Congressional Democrats introduced legislation on Wednesday that would provide more than $1 billion to boost cyber security of U.S. voting systems, and Vice President Mike Pence defended the administration's efforts to protect polls from hackers.


Bobsleigh: No reason given for my Jamaica team demotion, says Kiriasis

PYEONGCHANG, South Korea (Reuters) - Former Olympic and world champion Sandra Kiriasis on Thursday blamed her sudden departure as coach of the Jamaican women's bobsleigh team to an inexplicable demotion by team officials that she could not have accepted.


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.


Trump lawyer says he paid porn star $130,000 with his own money

WASHINGTON (Reuters) - A private lawyer for President Donald Trump says he paid $130,000 of his own money to adult film star Stormy Daniels who once claimed she had an affair with Trump more than a decade ago.


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.


BRIEF-Berkshire Hathaway Dissolves Most Of Its Share Stake In IBM



Democrats push $1 billion bill for election security

WASHINGTON (Reuters) - Congressional Democrats on Wednesday introduced legislation that would provide more than $1 billion to boost cyber security of U.S. voting systems, and Vice President Mike Pence defended the administration's efforts to protect polls from hackers.


Manafort co-defendant Gates shows up in court with new lawyer

WASHINGTON (Reuters) - Thomas Green, a high-powered defense lawyer at Sidley Austin in Washington, D.C., appeared for the first time in court on Wednesday alongside President Donald Trump's former deputy campaign chairman Richard Gates.


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.

House panel investigates White House handling of Rob Porter

The House Oversight Committee is investigating the White House's handling of Rob Porter's employment, chairman Trey Gowdy told CNN Wednesday.

United States Politics and Government

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.


Allies promise Iraq $30 billion, falling short of Baghdad's appeal

KUWAIT (Reuters) - Iraq received pledges of $30 billion, mostly in credit facilities and investment, on Wednesday from allies but this fell short of the $88 billion Baghdad says it needs to recover from three years of war.


White House says it opposes McCain-Coons bipartisan immigration bill

WASHINGTON (Reuters) - The White House said on Wednesday it opposed a bipartisan immigration measure proposed by Senators John McCain and Chris Coons, saying it would boost illegal immigration and fail to fix other immigration practices opposed by President Donald Trump.

Trump to sign sex assault bill

President Donald Trump will sign a measure on Wednesday aimed at preventing the kind of systemic sexual abuse perpetrated by Olympic gymnastics doctor Larry Nassar, who was recently sentenced to 40 to 175 years in prison.


Trump urges Senate to pass Senator Grassley's immigration bill: statement

WASHINGTON (Reuters) - U.S. President Donald Trump on Wednesday said he supported Republican U.S. Senator Chuck Grassley's immigration bill and urged the full Senate to back it, according to a statement issued by the White House.


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.

Trump issues fresh opposition to short-term DACA bill

President Donald Trump on Wednesday reiterated his desire for the Senate to pass his proposal on immigration -- pressuring Republicans to reject anything else -- as lawmakers are set to begin debating legislation.

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

Historic find tucked away in 1700s book

Historians in New York made an amazing discovery when they found a lock of George Washington's hair tucked away inside an old book.


BRIEF-Constellation Brands Names Bill Newlands President And COO, Rob Sands Remains CEO


Golfer Bill Haas hurt in crash that killed 1

Pro golfer Bill Haas was seriously injured in a multicar crash that left an additional person wounded and another one dead in Southern California, authorities said.


Bristol-Myers to pay $1.85 billion in cancer deal with Nektar

(Reuters) - Bristol-Myers Squibb Co will pay Nektar Therapeutics $1.85 billion in cash and share purchase for a global development and commercialization deal on a promising Nektar cancer drug, the companies announced on Wednesday.


Hungary submits anti-immigration 'Stop Soros' bill to parliament

BUDAPEST (Reuters) - Hungary's nationalist government introduced legislation that would empower the interior minister to ban non-governmental organizations (NGOs) that support migration and pose a "national security risk".

Budget Travel

Chasing the Deal: 10 Affordable European Getaways to Take This Spring

Springtime in Europe isn’t just beautiful, it’s affordable. Here are some wallet-friendly excursions to expand your horizons.


Op-Ed Contributor: What Will You Give Up for Lent?

Even if you’re not a Christian, the idea of going without for 40 days is not so bad.


Kuwait joins Iraq reconstruction drive, pledging $2 billion

KUWAIT (Reuters) - Kuwait's Emir said it would lend $1 billion and commit a further $1 billion of investments to Iraq, joining a group of international backers that have this week pledged funds to bolster the country's recovery.


Ukraine leader gives Putin condolences over plane crash: Kremlin

MOSCOW (Reuters) - Russian President Vladimir Putin spoke by telephone to his Ukrainian counterpart Petro Poroshenko on Monday, Kremlin spokesman Dmitry Peskov said.


Maldives tries to fight off travel alerts as tourists stay away

MALE (Reuters) - Tourists have been cancelling hundreds of hotel bookings in Maldives every day since the imposition of a state of emergency last week, tour operators say, despite government assurances things are normal in the resort islands, far from the capital.


Chinese online retailer raises $2.5 billion for logistics arm

BEIJING (Reuters) - Inc said on Wednesday it had raised $2.5 billion for its logistics arm, as the second-largest Chinese e-commerce firm seeks to further bolster its position in online retail in its home country and beyond.


UPDATE 2-Australia's Woodside says S.Korea's KOGAS owes NWS LNG project money

* Woodside Petroleum operates North West Shelf LNG export facility


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

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


Newly free Saudi Prince Alwaleed gives to soccer club

RIYADH (Reuters) - Saudi Arabian billionaire Prince Alwaleed bin Talal, freed two weeks ago from detention in a luxury hotel during a corruption sweep, said on Tuesday he was answering a government call to support local soccer clubs by donating half a million dollars.

Bill Paxton's family files wrongful death suit

The family of Bill Paxton believes his death last year was preventable, according to a wrongful death lawsuit filed by the family against the hospital and surgeon who treated the late actor.


Sky pays 3.6 billion pounds to win bulk of new Premier League rights

LONDON (Reuters) - Rupert Murdoch's Sky will pay 3.58 billion pounds to show 128 Premier League matches for three seasons from 2019/20, in a deal that brings to an end rampant inflation in the value of the domestic rights for English top-flight soccer.


Give us the options, energy debate commission tells French government

PARIS (Reuters) - The French government should await the findings of a public debate before it drafts how it will meet its goal of reducing the share of nuclear energy in power generation, the commission tasked with organising the forum said on Tuesday.


Bill aims to restore U.S. tax break for advance refunding muni bonds

CHICAGO (Reuters) - The federal tax exemption for a type of debt refunding used by U.S. states, cities, schools and other issuers to lower borrowing costs would be restored under a new bipartisan bill in Congress, two of its sponsors said on Tuesday.


Hurricane Irma costs for insurers to reach 1.8 billion euros: French lobby

PARIS (Reuters) - Hurricane Irma, which battered the Caribbean islands of Saint Martin and Saint Barthelemy last September, could cost insurers 1.83 billion euros ($2.26 billion), the French insurance lobby FFA said on Tuesday.


U.S. can sue UnitedHealth in $1 billion Medicare case, judge rules

(Reuters) - A federal judge has ruled the U.S. Justice Department can move forward with a lawsuit claiming UnitedHealth Group Inc wrongly retained more than $1 billion from the government healthcare program Medicare.


Germany's CureVac wins new vaccine funding from Gates Foundation

(Reuters) - German biotech firm CureVac has secured more financial backing for vaccine development projects from its investor the Bill & Melinda Gates Foundation, working on jabs to prevent malaria and influenza.

Budget, Chloe Kim, Gates Foundation: Your Tuesday Briefing

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

Bill & Melinda Gates: Why we give our money away

"Is it fair that you have so much influence?"


Alpine skiing: Shiffrin won't give up slalom gold easily

PYEONGCHANG, South Korea (Reuters) - American Mikaela Shiffrin will enter the record books if she can win Wednesday's Olympic women's slalom event at the Yongpyong Alpine Centre.

Travel and Vacations

The Getaway: New Google Tips and Tools for Travelers

The search giant has been rolling out features and products to make planning and taking vacations easier.


Investors await Goldman's $5 billion answers as trading picks up

NEW YORK (Reuters) - Last year, Goldman Sachs Group Inc executives met with some skepticism after unveiling an ambitious plan to grow revenue by $5 billion, whether or not markets remained subdued. Now that trading has picked up, Wall Street is hoping the bank can do even better.

Pentagon asks for $686 billion as part of one of its largest military spending hikes ever

Citing increasing threats from China and Russia, the Pentagon is asking for a major boost in military spending for 2019, requesting Congress approve a budget of $686 billion -- one of the largest in US history.

Infrastructure (Public Works)

Trump’s Infrastructure Plan Puts Burden on State and Private Money

The president’s $200 billion plan recasts the federal government as a minority stakeholder in the nation’s new infrastructure projects.

Court will unseal documents from Starr investigation of Bill Clinton

A federal court in Washington will unseal documents that have stayed secret for two decades from independent counsel Ken Starr's investigation of then-president Bill Clinton, following a request from CNN.


HNA unit to sell two Hong Kong sites to Henderson Land for $2 billion

HONG KONG (Reuters) - A unit of China's HNA Group [HNAIR.UL], the cash-starved aviation-to-financial services conglomerate, said on Tuesday it was selling two Hong Kong sites to Henderson Land Development Co Ltd for HK$16 billion ($2 billion).

Trump wants $2.2 billion for new FBI headquarters

The White House is proposing to spend more than $2 billion in funding for a new FBI headquarters, infusing cash into a stalled effort to replace the downtown Washington building.

Trump, Donald J

Op-Ed Columnist: Trump Doesn’t Give a Dam

His infrastructure “plan” is an obvious scam. But why didn’t he offer something legit?

'Three Billboards' backlash flows from debate over its message

"Three Billboards Outside Ebbing, Missouri" has become one of Oscar season's most divisive films, producing fierce blowback based on what feels like a not-entirely-fair interpretation about what it says, or doesn't, about people's ability to achieve redemption.


Iraq says reconstruction after war on Islamic State to cost $88 billion

KUWAIT (Reuters) - Rebuilding Iraq after three years of war with Islamic State will cost more than $88 billion, with housing a particularly urgent priority, Iraqi officials told an international donors' conference on Monday.


Iraq reconstruction after Islamic State to cost $88 billion: officials

KUWAIT (Reuters) - Rebuilding Iraq after three years of war with Islamic State will cost $88.2 billion, with housing a particularly urgent priority, Iraqi officials told an international conference on Monday.


Foxconn to use proceeds from unit's Shanghai IPO to fund $4 billion projects

HONG KONG (Reuters) - Taiwan's Foxconn, the world's largest contract electronics manufacturer, said it plans to use proceeds from a Shanghai listing of one if its subsidiaries to fund eight projects totaling 27.3 billion yuan ($4 billion).


BRIEF-Berkshire Hathaway Specialty Insurance Company Opens Office In Dubai



Israel’s Clash With Iran and Syria: 5 Takeaways

What are some of the lessons from a skirmish in which Israel lost a jet? One is that as the Syrian civil war winds down, a new conflict is emerging.


Trump budget asks more than $200 billion for infrastructure, border security: budget director

WASHINGTON (Reuters) - The White House said on Sunday its budget proposal would include $200 billion for infrastructure spending and $23 billion for enhanced border security to help fulfill campaign promises by U.S. President Donald Trump.


Emirates firms up $16 billion order for A380 superjumbos

DUBAI (Reuters) - Emirates signed a contract on Sunday to buy as many as 36 Airbus A380 aircraft worth as much as $16 billion at list prices, firming up an order that is crucial to the future of the world's biggest passenger jet.


Venus, CoCo give U.S. commanding lead over Netherlands

(Reuters) - Venus Williams and CoCo Vandeweghe won the opening singles matches to give holders the United States a commanding 2-0 lead in their Fed Cup World Group opener against the Netherlands in Asheville, North Carolina on Saturday.


Venus gives U.S. lead against Netherlands

(Reuters) - Venus Williams gave holders United States the perfect start in their Fed Cup World Group opener against the Netherlands with a 6-1 6-4 defeat of Arantxa Rus in Asheville on Saturday - her 1,000th match as a professional.


Russian offering info on Trump bilked U.S. spies out of money: NY Times

WASHINGTON (Reuters) - A Russian who offered stolen National Security Agency cyberweapons and compromising information on President Donald Trump bilked U.S. spies out of $100,000 last year, The New York Times reported on Friday, citing U.S. and European security officials.


Puerto Rico says to receive $16 billion in federal disaster aid

(Reuters) - Puerto Rico said on Friday it will receive $16 billion in federal aid under a disaster recovery package signed on Friday by U.S. President Donald Trump.

Tax Preparers and Preparation

Your Money Adviser: How Taxpayers Who Want Help Can Find a Reputable Preparer

“If you’re just putting in numbers and hoping for the best,” an accountant says, “then maybe you need a preparer.”


U.S. budget deal grants $1.5 billion for drug-affected babies, families

WASHINGTON (Reuters) - A U.S. budget deal adopted by Congress on Friday includes what advocates call a landmark compromise to provide an estimated $1.5 billion over 10 years to try to keep struggling families together, including those with babies born dependent on opioids.

Books and Literature

Self-Helped: How One Book Changed My Relationship With Money

The nine-step money-management system in “Your Money or Your Life” allowed both its writers to retire early.


U.S. budget deals grants $1.5 billion for opioid-addicted babies, families

WASHINGTON (Reuters) - A U.S. budget deal adopted by Congress on Friday includes what advocates call a landmark compromise to provide an estimated $1.5 billion over 10 years to try to keep struggling families together, including those with babies born dependent on opioids.


Trump signs spending bill into law, ending short shutdown

WASHINGTON (Reuters) - U.S. President Donald Trump signed a stopgap funding measure into law on Friday, ending a short federal government shutdown after Congress let a midnight deadline slip.

President tweets he has signed the bipartisan bill passed by Congress to end a brief government shutdown


Trump to sign spending bill into law on Friday: White House

WASHINGTON (Reuters) - U.S. President Donald Trump will sign a stopgap funding measure into law later on Friday morning in a move to re-open the federal government after it shut down at midnight, White House spokesman Raj Shah said.


Your Money: Ways to ease social media's strain on your wallet

NEW YORK (Reuters) - Jessica Jones, 26, jokes that when she wants to spend more money, she goes on Instagram.


Figure skating: Skaters given the slip by early starts

GANGNEUNG, South Korea (Reuters) - When a string of the world's top male figure skaters fell on the jumps they usually land at the Olympic team event on Friday, competitors identified a possible culprit: the early start time.


China says U.S. bill on Taiwan ties threatens stability

BEIJING (Reuters) - A U.S. bill that encourages reciprocal visits by U.S. and Taiwanese government officials threatens stability in the Taiwan Strait and the United States must withdraw it, China's Foreign Ministry said on Friday.


Exclusive: China's Ant plans equity fundraising at potential $100 billion valuation - sources

HONG KONG (Reuters) - China's Ant Financial Services Group is planning to raise up to $5 billion in fresh equity that could value the online payments giant at more than $100 billion, people familiar with the move told Reuters.


Trump budget to include $3 billion for border wall: official

WASHINGTON (Reuters) - President Donald Trump's budget proposal to be unveiled on Monday will include a request for $3 billion as a down payment on building a wall along the U.S. border with Mexico, a senior administration official said on Thursday.


Salesforce investing $2 billion in Canada, as U.S. tech firms head north

SAN FRANCISCO (Reuters) - U.S. business software developer Inc will pump $2 billion into its Canadian business over the next five years, it said on Thursday, the latest major U.S. technology investment across the border since early 2017.


Investors withdraw record $23.9 billion from U.S.-based stock funds: Lipper

NEW YORK (Reuters) - U.S. fund investors sucked $23.9 billion out of the stock market during the latest week, marking the largest withdrawals from those funds on record, Lipper data showed on...

Rand says he told Trump bill is 'too much money'

Republican Sen. Rand Paul said Thursday that he told President Donald Trump the bipartisan spending agreement will saddle the nation with too much debt.


AIG posts $6.7 billion loss on tax reform, catastrophes

(Reuters) - American International Group Inc posted a $6.7 billion fourth-quarter loss on Thursday as the U.S. insurer booked a big charge related to U.S. tax reform and losses from global catastrophes.


Exclusive: U.S. not planning to contribute money at Iraq reconstruction conference - officials

WASHINGTON (Reuters) - The United States does not plan to contribute any money at a conference in Kuwait next week to fund Iraq's reconstruction drive after the war against Islamic State forces, U.S. and Western officials said, a move critics say could deal a new blow to American standing internationally.


Salesforce investing $2 billion in Canada, in northward U.S. tech growth

SAN FRANCISCO (Reuters) - U.S. business software developer Inc will pump $2 billion into its Canadian business over the next five years, it said on Thursday, the latest major U.S. high technology investment across the border since early 2017.


North American soccer World Cup would create $5 billion in economic activity: study

(Reuters) - A tri-nation North American bid to host the 2026 soccer World Cup could create over $5 billion in economic activity for the area if it wins the right to stage the tournament, according to a study published on Thursday.

Bipartisan senators scrambling for immigration bill

A bipartisan group of roughly 20 senators that's been huddling behind closed doors for weeks is furiously working to draft a bill that they can propose during an expected floor showdown on immigration next week.

Federal Budget (US)

What’s Hidden in the Senate Spending Bill?

Tax breaks for horse owners, energy credits and a small college in Kentucky are among the provisions tucked into the Senate spending bill headed for a vote.

Chipotle to spend tax reform money sprucing up its restaurants

Angelina Jolie shares the advice she gives her daughters

Actress Angelina Jolie has throughout her success remained dedicated to her humanitarian efforts, and she hopes to pass on her passion for service to her young daughters.

Company Reports

New York Times Co. Subscription Revenue Surpassed $1 Billion in 2017

Subscription revenue now accounts for 60 percent of the company’s total revenue, which increased 8 percent for the year, to $1.7 billion.


House speaker says will move on immigration bill after budget

WASHINGTON (Reuters) - U.S. House of Representatives Speaker Paul Ryan on Thursday said Republicans will move on immigration legislation backed by President Donald Trump after lawmakers finish with the current budget deal.

Rap and Hip-Hop

Atlanta’s #BillionDollarLawyer Is Looking Out for Your Favorite Rappers

Drew Findling, a criminal defense lawyer in the hip-hop capital, has become an advocate and father figure for rappers like Offset, of Migos, and Gucci Mane.


T-Mobile profit surges on $2.2 billion tax gain

(Reuters) - T-Mobile US Inc's quarterly profit jumped nearly sevenfold as the No. 3 U.S. wireless carrier added subscribers and recorded a $2.2 billion gain from recent changes in U.S. tax laws.


Rising Hummus Prices? Blame a Drought Half a World Away

Poor crops of chickpeas in India have made the dish more expensive in British supermarkets, the latest example of extreme weather affecting global food prices.

Child gives Trump message on dad's ICE arrest

The children of Syed Ahmed Jamal speak to CNN's Alisyn Camerota about their father who is facing deportation after being arrested by ICE officials.


Manchester United profit weighed down by higher wage bill

(Reuters) - English soccer club Manchester United said its core quarterly earnings dipped because of rising wages for its players after its return to the Champions League.


Anti-China bill being softened after U.S. companies complain

WASHINGTON (Reuters) - Proposed legislation in Congress aimed at preventing China from acquiring sensitive technology is being softened after protests by big U.S. companies who fear a loss in sales, four people with knowledge of the matter said this week.


BlackRock plans to raise $10 billion for equity investments: source

(Reuters) - BlackRock Inc plans to raise about $10 billion as part of a new business that would take direct stakes in companies, according to a person familiar with the matter.

Los Angeles Times

In Los Angeles, a Billionaire Doctor Takes On an Ailing Newspaper

In a city with no shortage of wealth and celebrity, the new billionaire owner of the Los Angeles Times, Dr. Patrick Soon-Shiong, has kept a mostly low profile. Until now.


Puerto Rico in line for nearly $5 billion in federal aid for Medicaid

(Reuters) - A $90 billion disaster aid package agreed on by U.S. lawmakers on Wednesday would include nearly $7 billion in aid to storm-battered Puerto Rico and the U.S. Virgin Islands, according to two Senate Democratic aides and Puerto Rico's governor.

Rick Gates' lawyers say they have 'irreconcilable differences' with client

The lawyers for former Trump campaign adviser Rick Gates showed a hint as to why they'd like to quit his case Wednesday: They don't agree with Gates.

Space and Astronomy

Op-Ed Contributor: Don’t Give Up on the International Space Station

The program is a demonstration of American leadership. Why does the president want to cut it?


Senators propose bill to block U.S. from using Huawei, ZTE equipment

WASHINGTON (Reuters) - Two Republican Senators introduced legislation on Wednesday that would block the U.S. government from buying or leasing telecommunications equipment from Huawei Technologies Co Ltd [HWT.UL] or ZTE Corp, citing concern the Chinese companies would use their access to spy on U.S. officials.


Lawyers for Manafort co-defendant Gates seek to withdraw over rift: filing

WASHINGTON (Reuters) - The legal team representing Richard Gates, a business associate of U.S. President Donald Trump's former campaign manager, Paul Manafort, wants to stop representing him due to "irreconcilable differences," according to a court filing unsealed on Wednesday.

Why isn't the RNC giving back Steve Wynn's money?

Late on Tuesday, casino magnate Steve Wynn stepped down as CEO from Wynn Resorts, citing the distraction caused by a series of allegations of sexual harassment made against him in a recent Wall Street Journal story.


Congress leaders reach $300 billion budget deal

WASHINGTON (Reuters) - The U.S. Senate on Wednesday reached a two-year bipartisan budget deal worth around $300 billion that would lift caps on defense and domestic government spending in an attempt to end the kind of squabbling over fiscal issues that has plagued Washington for years.

Computers and the Internet

$2.4 Billion Deal for Chelsea Market Enlarges Google’s New York Footprint

The deal calls attention to the technology sector’s rapid expansion in the city, both in the numbers employed and the square footage occupied.

Tronc selling Los Angeles Time to biotech billionaire


Finland and Estonia's undersea rail tunnel could cost $20 billion by 2040

HELSINKI (Reuters) - The world's longest undersea rail tunnel between Finland and Estonia could cost up to 20 billion euros ($24.7 billion) and be opened for traffic by 2040, a feasibility study by the two countries said on Wednesday.


Tronc Agrees to Sell Los Angeles Times to Billionaire Doctor

The $500 million deal means the newspaper will once again come under local ownership, ending nearly two decades of corporate control.


World Bank launches $1.4 billion catastrophe bond for Latam earthquakes: Aon

LONDON (Reuters) - The World Bank has launched a $1.4 billion catastrophe bond covering Latin American earthquakes, the largest earthquake catastrophe bond on record, Aon Securities said on Wednesday.

Polish President signs controversial Holocaust bill into law

Polish President Andrzej Duda signed Poland's controversial new Holocaust bill late Tuesday ahead of it being assessed by the country's Constitutional Tribunal.

Samsung Group

For Korea Inc., Money and Politics Make an Awkward Olympics

The Winter Games are heading to Pyeongchang at a time of reckoning about South Korea’s family-run business empires, some of which are Olympic sponsors.


Britain's Tesco faces record $5.6 billion equal pay claim

LONDON (Reuters) - Supermarket group Tesco is facing a potential bill of up to 4 billion pounds ($5.6 billion) to bring the wages of its female employees into line with men, according to the law firm pursuing Britain's largest equal pay claim.


UPDATE 2-Australia gives regulator sweeping powers over bank bosses' pay

* New powers come a week before powerful bank royal commission


‘I Know That God Will Forgive Me,’ the Nashville Mayor Says. But Will the Voters?

Mayor Megan Barry is facing questions after acknowledging an extramarital affair with the head of her security detail.


'Extraordinary' Tokyo sponsorship deals near $3 billion: IOC

PYEONGCHANG, Reuters (Reuters) - Record revenues from the Tokyo 2020 Olympics sponsorship program have edged closer to $3.0 billion with more partners expected, the International Olympic Committee (IOC) said on Wednesday.


House passes stopgap spending bill to avert shutdown

WASHINGTON (Reuters) - The U.S. House of Representatives on Tuesday approved another stopgap bill to keep the federal government from shutting down, hours after President Donald Trump said he would "love" to see a shutdown if immigration legislation were not included.


Los Angeles Times Said to Be Nearing Sale to Billionaire Doctor

A proposed $500 million sale to Patrick Soon-Shiong comes after months of turmoil and mistrust between the paper’s leaders and newsroom employees.


Spotify generates third quarter revenue of $1.2 billion: The Information

(Reuters) - Music streaming service Spotify had revenue of a billion euros ($1.24 billion) in its third-quarter, putting it on track for a full year revenue of more than 4 billion euros ($4.95 billion), The Information website reported on Tuesday.

House sends short-term spending bill to Senate

House Republicans are poised to pass a short-term spending bill to keep the government funded through March 23 Tuesday night, but it's just the first step to avert a government shutdown.


Temporary funding bill clears key procedural hurdle in U.S. House

WASHINGTON, Feb 6 (Reuters) - The U.S. House of Representatives on Tuesday cleared a stop-gap funding bill for debate and a vote on passage later in the day as Congress maneuvered to avoid government agency shutdowns when existing money expires at midnight on Thursday.


BRIEF-Century Casinos Notified Nasdaq Robert Eichberg, An Independent Director Of Company, Passed Away On Feb 3


Stocks and Bonds

Your Money: So It’s Your First Market Hiccup. What Should You Do Now?

Tempted to sell? Answer these six questions first, including ones about your timing, your goals, your predictive skills and your overall anxiety level.

United States Economy

The Era of Easy Money Is Ending, and the World Is Bracing for Shocks

As a stock market plunge that began in the United States spread globally, the wild swings underscored how the American economy retains defining influence across the globe.


Polish president signs Holocaust bill, triggers Israeli, U.S. criticism

WARSAW (Reuters) - Poland's president signed into law on Tuesday a bill that imposes jail terms for suggesting the country was complicit in the Holocaust, prompting sharp criticism from Israel and the United States.

United States Politics and Government

House to Approve Stopgap Bill as Shutdown Deadline Nears

The House’s plan would fund the government through March 23, but it appeared to have no chance of passing the Senate because of Democratic opposition.


North Korea 'months away' from ability to hit U.S. with nuclear weapon: U.S. envoy

GENEVA (Reuters) - North Korea is only months away from obtaining the capability to hit U.S. territory with a nuclear weapon and must be disarmed, a U.S. envoy said on Tuesday, dismissing Pyonyang's diplomatic thaw with South Korea as a "charm offensive" that fooled no one.


Poland's president says will sign Holocaust bill, defying critics

WARSAW (Reuters) - Poland's president said on Tuesday he will sign into law a bill imposing jail terms for suggesting the country was complicit in the Holocaust, defying criticism from Israel, the United States and activists.

Poland's president says he will sign controversial Holocaust bill

Polish President Andrzej Duda says he will sign the country's controversial Holocaust bill, but plans to send the bill to the constitutional tribunal for review.


Emerging markets suffer $4 billion outflows, biggest since U.S. election, IIF says

LONDON (Reuters) - Investors have pulled nearly $4 billion out of emerging markets since Jan. 30, according to data from the Institute of International Finance (IIF) - the biggest slump since the...


Boeing signs nearly $1 billion of services deals, eyes $50 billion target

SINGAPORE (Reuters) - Boeing's services unit announced on Tuesday deals worth nearly $1 billion as part of its effort to more than triple the division's annual revenue to $50 billion in as little as five years.


Israeli minister "honoured" to be barred from Poland over Holocaust bill

WARSAW/JERUSALEM (Reuters) - Israel's education minister said on Monday he was "honoured" Poland had canceled his visit to Warsaw this week because he refused to back off of condemnation of a bill that would outlaw suggesting Poland was complicit in the Holocaust.

United States Politics and Government

House Pushes Another Stopgap Bill as Government Shutdown Looms

With funding set to expire Thursday, House Republicans were moving ahead with a temporary spending measure, but it did not appear to have the support to pass the Senate.

House will vote on a bill to keep government open past Thursday (yes, that again)

House GOP leaders are moving ahead with a plan to keep the government funded into mid-March, but there's a catch that Democratic leaders aren't going to like.

Standard & Poor's 500-Stock Index

4 Takeaways From Monday’s Stock Market Sell-Off

Stocks around the globe tumbled on Monday, extending a sell-off that began last week. It’s a sign of shifting economic tides, but there have been far worse Mondays for the markets.


Brazil's pension bill short on votes, running out of time

BRASILIA (Reuters) - President Michel Temer appealed to Congress on Monday to approve his pension reform proposal to bring Brazil's budget deficit under control, but a cabinet minister said his government still lacks some 40 votes to pass the unpopular bill.


Israeli minister 'honored' to be barred from Poland over Holocaust bill

WARSAW/JERUSALEM (Reuters) - Israel's education minister said on Monday he was "honored" Poland had canceled his visit to Warsaw this week because he refused to back off of condemnation of a bill that would outlaw suggesting Poland was complicit in the Holocaust.

Schiff: Kelly should give Trump a time out

Hours off of receiving a second Twitter attack from President Donald Trump, California Democratic Rep. Adam Schiff said White House chief of staff John Kelly should put the President in "time out."


Broadcom unveils $121 billion 'best and final' offer for Qualcomm

(Reuters) - Broadcom Ltd made a $121 billion "best and final offer" on Monday to acquire Qualcomm Inc, ratcheting up pressure on its U.S. semiconductor peer to engage in talks on what would be the biggest ever technology acquisition.


BRIEF-Double Eagle Energy Holdings III Secured Equity Commitments Of More Than $1 Billion



Virgin money bans cryptocurrency purchases on its credit cards

LONDON (Reuters) - Britain's Virgin Money has banned purchases of cryptocurrencies on its credit cards, a spokesman said on Monday, after similar moves by Lloyds Banking Group and several U.S. investment banks.


Indonesian capital braces for floods as sluice gates opened

JAKARTA (Reuters) - Torrential rain has caused floods and landslides in satellite cities around the Indonesian capital, with authorities warning that floods could hit Jakarta later on Monday after being forced to open sluice gates on a major upstream reservoir.


Humbled in the N.B.A.’s Shadows, Tim Hardaway Jr. Returns to the Spotlight

Knicks fans balked at his four-year, $71 million deal, but Tim Hardaway Jr. has proved his worth the second time around in New York.


South Korea says North stole cryptocurrency worth billions of won last year

SEOUL (Reuters) - South Korea said on Monday that North Korea last year stole cryptocurrency from the South worth billions of won and that it was still trying to hack into its exchanges.


Nissan to pump $9.5 billion into China business, eyes top three spot

BEIJING (Reuters) - Nissan Motor Co plans to invest 60 billion yuan ($9.5 billion) in China over the next five years with its joint-venture partner as it seeks to become a top three automaker in the world's biggest market.


Goldman Sachs exec sees more M&A after Trump's tax bill - FAS

FRANKFURT, Feb 4 (Reuters) - U.S. investment bank Goldman Sachs expects a pickup in cross-border mergers and acquisitions (M&A) activity due to President Donald Trump's tax reform, high cash levels and technological progress, a senior executive told a German paper.

First ladies give Melania Trump advice on 'SNL'

Alec Baldwin returned to "Saturday Night Live" as President Donald Trump to discuss the ratings of his State of the Union address, meanwhile Cecily Strong's Melania Trump got advice from former first ladies.

Retirement Communities and Assisted Living

U.S. Pays Billions for ‘Assisted Living,’ but What Does It Get?

Federal investigators say they have found huge gaps in the regulation of assisted living facilities that take care of Medicaid beneficiaries.


Pressure mounts on Poland to back away from Holocaust bill

WARSAW (Reuters) - Poland is seeing a resurgence of anti-Semitism over pending legislation that would impose jail terms for suggestions that the nation was complicit in the Holocaust, local minority groups warned, as pressure mounts on the president to veto the bill.

Travel and Vacations

The Getaway: A Room (or a Ryokan, Yurt or R.V.) With a View

Travelers are swapping standard hotel rooms for new interpretations of traditional lodgings.

Financial Planners

Your Money: Yes, You Can Find a Financial Planner Even if You’re Not Rich

Seeking financial assistance? You can hire advisers by the hour, by the month or based on your assets, even if you aren’t a millionaire.

Deaths (Obituaries)

Jon Huntsman Sr., Billionaire Businessman and Philanthropist, Dies at 80

Mr. Huntsman was an industrialist who made a fortune, gave millions to cancer research and left a legacy of public service.


Canada's PM talks tough on NAFTA, repeats he could walk away

NANAIMO, British Columbia, Feb 2 (Reuters) - Canadian Prime Minister Justin Trudeau took a tough line on NAFTA on Friday, repeating that he could walk away if he was not happy with talks to modernize a pact the United States contends needs major changes.

Labor and Jobs

Bonuses After Tax Cut Don’t Always Live Up to Their Billing

Extra cash is always welcome, but payouts may be smaller and come with more strings attached than workers expected.

Give Trump more nuclear weapons? Not a good idea

United States Politics and Government

7 Takeaways From the Release of the Secret Memo

The memo released Friday provides little evidence to cast doubt on the origins of the Russia investigation, and instead reads like a greatest hits collection of Republican talking points.


House sets Tuesday vote on bill to avoid government shutdown

WASHINGTON (Reuters) - The U.S. House of Representatives plans to vote on Tuesday on legislation to keep federal agencies operating beyond Feb. 8, when existing funds expire, a senior House Republican aide said on Friday.

This year's nasty flu is costing businesses billions

The tax cut is a $6 billion gift to Exxon


Exxon profit misses expectations; sees $5.9 billion tax gain

HOUSTON (Reuters) - Exxon Mobil Corp, the world's largest publicly-traded oil producer, posted a lower-than-expected quarterly profit on Friday due to falling production and weakness in its chemical and refining operations, sending shares down 2.8 percent in premarket trading.


German coalition agreement calls for 10-12 billion investment in fast data networks

BERLIN, Feb 2 (Reuters) - Germany's would-be coalition partners said on Friday they would allocate 10-12 billion euros of public money to build gigabit-speed fixed-line data networks over the coming four years.