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Alibaba, Tencent rally troops amid $10 billion retail battle

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

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

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

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

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

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Asian shares extend global recovery as volatility subsides

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

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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.

Automobile Racing nytimes.com

At Daytona, Austin Dillon and Darrell Wallace Jr. Break Through Behind Familiar Numbers

Driving the well-known No. 3 and No. 43 cars, Dillon and Wallace finished in the top two spots in a race that was packed with tantalizing story lines.

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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?

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METALS-LME copper slips as dollar gains in holiday-thinned trade

MELBOURNE, Feb 19 (Reuters) - London metals started the week lower on Monday as a resurgent dollar dragged down prices from one-month highs hit the session before and the Lunar New Year holidays reduced liquidity. FUNDAMENTALS * COPPER: London Metal Exchange copper had slipped by 0.6 percent to $7,189 a tonne by 0104 GMT, erasing small gains from the previous session when prices hit the highest since Jan. 15 at $7,253. Volumes were exceptionally light across the complex with

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.

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Lego builds foundations in China classrooms as old markets slow

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

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

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

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

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

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

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

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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.

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

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

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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.

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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.

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

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

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

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

cnn.com

Sunny days for the economy can't last forever

topNews reuters.com

Netanyahu says Israel could act against Iran's 'empire'

MUNICH (Reuters) - Prime Minister Benjamin Netanyahu said on Sunday that Israel would act against Iran, not just its allies in the Middle East, if needed, reiterating his country's position that Tehran was the world's greatest threat.

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Saudi Arabia welcomes push for U.N. action against Iran on missiles

MUNICH (Reuters) - Saudi Arabia on Sunday welcomed a draft United Nations resolution offered by Britain, the United States and France that would condemn Iran for failing to stop its ballistic missiles from falling into the hands of Yemen’s Houthi group.

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

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

cnn.com

Student: I have aged decades in a matter of days

Students from Marjory Stoneman Douglas High School deliver powerful speeches demanding action and accountability from politicians.

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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.

sportsNews reuters.com

Suarez and Alba strikes help Barca to another record

EIBAR (Reuters) - Barcelona got back to winning ways on Saturday after two consecutive draws, earning a 2-0 victory at Eibar thanks to goals from Luis Suarez and Jordi Alba to move 10 points clear at the top of the Liga standings.

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Judge approves Takata's U.S. bankruptcy plan

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

Trump, Donald J nytimes.com

News Analysis: Trump’s Conspicuous Silence Leaves a Struggle Against Russia Without a Leader

President Trump depicted indictments charging Russians with interfering in America’s politics as a vindication for himself rather than a threat to the United States.

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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.

cnn.com

New bank fraud allegations against Manafort revealed

Special counsel Robert Mueller's office dropped more potentially damning details -- from an allegation of "additional criminal conduct" to personal financial troubles -- in a response to Paul Manafort's request to change his bail proposal on Friday.

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.

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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.

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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.

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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.

United States Politics and Government nytimes.com

Special Counsel Issues Indictment Against 13 Russian Nationals Over 2016 Election

The special counsel charged 13 foreigners associated with Russia and three Russian organizations with illegally using social media platforms to sow political discord.

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Tesla delays, tax credit concerns spur sales of Chevy Bolts

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

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Qualcomm says open to more deal talks with Broadcom following meeting

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

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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.

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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.

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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.

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

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

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

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

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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.

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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.

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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.

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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.

Musical Instruments nytimes.com

An Organ — and Soon Another — Lands on Broadway

As Trinity Wall Street prepares to welcome a new (if used) instrument to St. Paul’s Chapel, it is announcing a brand-new organ for Trinity Church.

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

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

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Qualcomm says open to talks with Broadcom for better offer

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

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

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

companyNews reuters.com

BRIEF-Pacwest Bancorp Says Board Amended Its Existing Stock Repurchase Program

* PACWEST BANCORP SAYS ON FEB 14, 2018, BOARD AMENDED ITS EXISTING STOCK REPURCHASE PROGRAM - SEC FILING

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

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

businessNews reuters.com

Futures rise, setting stocks on firm ground for the week

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

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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.

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

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

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

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

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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.

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

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

vis-photo nytimes.com

Sunday Routine: How Salt Bae, Restaurateur, Spends His Sundays

Nusret Gokce has moved into the Plaza Hotel in order to be close to his new restaurant, Nusr-Et, where he spends most of the day.

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Lost in translation? GM plant shutdown shocks South Korea

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

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

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

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UPDATE 1-UK Stocks-Factors to watch on Feb 16

Feb 16 (Reuters) - Britain's FTSE 100 index is seen opening 30 points higher at 7,264.8 on Friday, according to financial bookmakers, with futures up 0.48 percent ahead of the cash market open.

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Audi chairman says reports about ouster of CEO Stadler are false

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

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REFILE-Foreigners' net selling of Japan stocks hits highest since Aug 2015

TOKYO, Feb 16 (Reuters) - Net selling of Japanese stocks by foreign investors last week hit the highest since China's stock market crash in 2015, as a sharp sell-off on Wall Street triggered a global flight from riskier assets, exchange data showed.

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As mining investors push caution, Glencore differs from rivals

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

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

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

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Dashed hopes for Mexico oil boom leave Gulf Coast hotels idle

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

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

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

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UK Stocks-Factors to watch on Feb 16

Feb 16 (Reuters) - Britain's FTSE 100 index is seen opening 30 points higher at 7,264.8 on Friday, according to financial bookmakers. * VIRGIN MONEY: Virgin Money formed a rare female chair and chief executive team among Britain's top 350 listed companies by hiring former HSBC HSBA.L executive Irene Dorner as chairwoman. * TULLOW OIL: British oil firm Tullow oil has picked electrical engineer and businessman Kweku Awotwi as the new head of its Ghana operations after the retirem

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UPDATE 3-U.S. SEC blocks Chicago Stock Exchange sale to China-based investors

* SEC not satisfied with source of funds, who ultimate consortium owners would be

companyNews reuters.com

PRESS DIGEST- Wall Street Journal - Feb 16

Feb 16 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

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.

Mergers, Acquisitions and Divestitures nytimes.com

S.E.C. Blocks Chinese Takeover of Chicago Stock Exchange

The proposed deal drew sharp criticisms from Republican and Democratic lawmakers, who said it could put the security of United States financial markets at risk.

cnn.com

SEC blocks Chinese takeover of Chicago Stock Exchange

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.

Martins, Peter nytimes.com

Abuse Accusations Against Peter Martins Are Not Corroborated, Inquiry Says

Former New York City Ballet dancers accused Mr. Martins of verbal and physical abuse, and an anonymous letter contained sexual harassment allegations against him.

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.

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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.

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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.

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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.

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CBS tops estimates on strong licensing revenue

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

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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.

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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.

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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.

politicsNews reuters.com

Bannon met with special counsel investigators two days this week

WASHINGTON (Reuters) - Former White House adviser Steve Bannon met with Special Counsel Robert Mueller's investigators for two days this week, even as he frustrated lawmakers by refusing to answer many questions posed by the U.S. House Intelligence Committee on Thursday.

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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.

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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.

worldNews reuters.com

Prominent Egyptian Islamist critic remanded for 15 days

CAIRO (Reuters) - Egypt's state security prosecutor on Thursday remanded for questioning a former Islamist presidential candidate who was detained over alleged contacts with the banned Muslim Brotherhood, state news agency MENA said.

businessNews reuters.com

Caterpillar expects no material impact of tax case on finances

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

companyNews reuters.com

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.

politicsNews reuters.com

U.S. court says Trump travel ban unlawfully discriminates against Muslims

WASHINGTON (Reuters) - President Donald Trump's travel ban targeting people from six Muslim-majority countries violates the U.S. Constitution by discriminating on the basis of religion, a federal appeals court ruled on Thursday in another legal setback for the policy.

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.

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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.

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

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

XPO Logistics expects 750,000 European home deliveries for 2018

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

businessNews reuters.com

Hedge fund Bridgewater makes $22 billion bet against European firms

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

businessNews reuters.com

VW looks at Apple for electric-car design guidance

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

businessNews reuters.com

Futures roll higher, brushing aside inflation worries

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

PersonalFinance reuters.com

Hedge funds hook shipping stocks grappling for recovery

LONDON (Reuters) - Shipping stocks may still be in the doldrums in the view of many investors, but hedge funds have bet at least $675 million on signs of renewed buoyancy in the industry.

businessNews reuters.com

Fresh A400M charge clouds strong Airbus 2017 profits

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

businessNews reuters.com

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

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

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.

cnn.com

Opinion: 'I'm so sick of this' -- another deadly school shooting

It was a slightly lazy afternoon. I had had a busy week at work and hadn't managed to get the kids Valentine's cards. I had left for work early and hadn't seen them and so I thought I'd run to the store quickly, pick up the dog from her "daycare," and meet the kids at home.

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.

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

For Australian winemakers, Chinese relationships are bearing fruit

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

businessNews reuters.com

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

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

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.

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.

PersonalFinance reuters.com

Sorry, not sorry: Wall Street not quitting 'vol' products

NEW YORK (Reuters) - One bank has expressed its regrets for the unraveling volatility trade.

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.

companyNews reuters.com

BRIEF-Stifel Raises Quarterly Common Stock Dividend And Declares Preferred Stock Cash Dividend

* STIFEL RAISES QUARTERLY COMMON STOCK DIVIDEND AND DECLARES PREFERRED STOCK CASH DIVIDEND

PersonalFinance reuters.com

U.S. bank stocks rally, analysts see more upside

(Reuters) - Bank shares soared on Wednesday as investors bet rising inflation would push up interest rates and boost bank profits, and analysts forecast yet more gains from strong economic growth and...

businessNews reuters.com

What inflation? Apple and Facebook drive Wall Street rally

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

businessNews reuters.com

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

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

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.

cnn.com

Scott Baio accused of harassment by another 'Charles in Charge' co-star

Scott Baio has been accused of harassment and assault by his former "Charles in Charge" co-star, Alexander Polinsky.

politicsNews reuters.com

Treasury's Mnuchin says sanctions against Russians 'in the near future'

WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin told lawmakers on Wednesday that sanctions against wealthy Russians in retaliation for Moscow's meddling in the 2016 U.S. presidential election would be released shortly.

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?

Great Britain Withdrawal from EU (Brexit) nytimes.com

Boris Johnson Warns Against a Brexit Do-Over

The foreign secretary, often mentioned as potential prime minister, offered Brexit opponents some reassuring words, but no real concessions.

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

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

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

businessNews reuters.com

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

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

businessNews reuters.com

Wall Street grinds out gains as investors digest mixed data

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

businessNews reuters.com

GE's chief communications officer Deirdre Latour to leave company

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

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.

Stocks and Bonds nytimes.com

Wall Street Meanders as Inflation Tops Expectations

Stocks fell, but then recovered, as inflation data raised the specter of a faster pace of interest rate increases.

sportsNews reuters.com

Woods signals days of being warm and cuddly Tiger are over

(Reuters) - It will be no more mister nice guy when Tiger Woods tees up at the Genesis Open starting at Riviera on Thursday, the 14-times major champion 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.

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.

cnn.com

Stock futures tumble on inflation fears

businessNews reuters.com

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

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

businessNews reuters.com

Futures sink as CPI data raises inflation fears

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

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.

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.

companyNews reuters.com

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

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

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.

businessNews reuters.com

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

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

businessNews reuters.com

U.S. regulators probe Credit Suisse hiring in Asia

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

businessNews reuters.com

Walmart goes to the cloud to close gap with Amazon

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

Sam's Club consolidates membership structure, offers free shipping

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

domesticNews reuters.com

Building diplomacy, not just walls: U.S. starts work on new Mexico embassy

MEXICO CITY (Reuters) - The United States broke ground on a new $943 million embassy in Mexico City on Tuesday, a move hailed by officials from both countries as a win for diplomacy after months of tension over President Donald Trump's plan to build a tall border wall.

cnn.com

Brian Stelter: Sarah Sanders is Trump's top stonewaller

CNN's Brian Stelter examines White House press secretary Sarah Sanders' role under President Donald Trump.

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

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

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

businessNews reuters.com

Asia shares, dollar tense for inflation test

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

Cockroaches nytimes.com

Trilobites: How Cockroaches Crash Into Walls and Keep Going

The ability of the ancient pests may owe less to their speed than to their tough-shock absorbent exoskeletons. The finding could help engineers design tougher robots.

healthNews reuters.com

Merck scraps another late-stage Alzheimer's drug study

NEW YORK (Reuters) - Merck & Co Inc on Tuesday said it will end another late-stage trial of an Alzheimer's drug because it was unlikely to work, adding to the pile-up of failures to find an effective treatment for the mind-wasting disease.

companyNews reuters.com

BRIEF-Yum Brands Says ‍Brian Niccol To Step Down From His Role As Taco Bell CEO To Assume A Senior Position At Another Public Company​

* YUM BRANDS - ‍BRIAN NICCOL WILL STEP DOWN FROM HIS ROLE AS TACO BELL CEO TO ASSUME A SENIOR POSITION AT ANOTHER PUBLIC COMPANY​

businessNews reuters.com

Chipotle Mexican names Taco Bell chief Brian Niccol CEO

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

topNews reuters.com

Israeli police recommend bribery charges against Netanyahu

JERUSALEM (Reuters) - Israeli police on Tuesday recommended indicting Prime Minister Benjamin Netanyahu for bribery in two criminal investigations but the Israeli leader, calling the allegations baseless, vowed to remain in office.

businessNews reuters.com

Broadcom scales back Qualcomm board challenge to simple majority

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

businessNews reuters.com

JC Penney to shut Milwaukee distribution center, cut 670 jobs

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

businessNews reuters.com

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

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

businessNews reuters.com

Twitter's CEO downplays chatter about possible acquisition

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

businessNews reuters.com

Blue Apron puts EBITDA breakeven on table for late 2018

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

cnn.com

Authorities find evidence against the Israeli PM of 'accepting bribes, fraud, and breach of trust,' according to a police report

Israeli police said Tuesday there is "sufficient evidence" to indict Prime Minister Benjamin Netanyahu on criminal charges in two corruption cases.

businessNews reuters.com

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

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

businessNews reuters.com

Wall Street regulator looking into VIX manipulation: WSJ

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

United States Economy nytimes.com

Economic Scene: Big Profits Drove a Stock Boom. Did the Economy Pay a Price?

Companies free of competitive pressures, with the power to set prices largely at will, pad the bottom line at the expense of customers and workers.

businessNews reuters.com

Apple CEO downplays special dividend at shareholder meeting

(Reuters) - Apple Inc Chief Executive Tim Cook downplayed a suggestion that the company might issue a special dividend to shareholders with some of the $285 billion in cash that the company is now able to bring back from overseas.

businessNews reuters.com

Apple shareholders defeat two proposals at annual meeting

(Reuters) - Apple Inc shareholders at an annual meeting on Tuesday defeated two shareholder proposals: one asking the company to ease its rules for letting shareholders nominate directors to the board and another asking Apple to form a human rights commission.

companyNews reuters.com

GLOBAL MARKETS-Yields, stocks dip ahead of US inflation data

NEW YORK, Feb 13 (Reuters) - U.S. bond yields and world equity markets dipped on Tuesday, ahead of a widely anticipated U.S. inflation report later this week that may provide some indication of the pace of future interest rate hikes by the Federal Reserve.

cnn.com

Not just Trump's idea: A short history on famous walls and the environment

Donald Trump isn't the first leader to want to put up a border wall.

cnn.com

The cat between Trump and his wall

Donald Trump's $18 billion border wall is proposed to run through the Santa Ana Wildlife Refuge on the US-Mexico border in Texas, which is also home to the remaining endangered ocelot species in the US.