Business

(Reuters) – Playboy founder Hugh Hefner, who helped usher in the 1960s sexual revolution with his groundbreaking men’s magazine and built a business empire around his libertine lifestyle, died on Wednesday at the age of 91, Playboy Enterprises said. Hefner, once called the “prophet of pop hedonism” by Time magazine, peacefully passed away at his
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PARIS (Reuters) – The French government said on Wednesday that combining the rail operations of Germany’s Siemens AG (SIEGn.DE) with Alstom would preserve “strategic interests” amid fears over job cuts. The agreement is an industrial win for French President Emmanuel Macron, who on Tuesday proposed sweeping reforms for Europe, including deeper trade cooperation. But Macron’s
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TOKYO (Reuters) – Asian shares slumped on Tuesday while the dollar remained off recent highs against the yen against the backdrop of rising tensions on the Korean Peninsula. North Korea’s foreign minister said on Monday that a weekend tweet by President Donald Trump counted as a declaration of war on North Korea and that Pyongyang
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TOKYO (Reuters) – Oil prices stood little changed on Monday, keeping most of their gains from the previous session to hold near their highest levels in months, as major producers meeting in Vienna said the market was well on its way towards rebalancing. The Organization of the Petroleum Exporting Countries, Russia and several other producers
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BRUSSELS (Reuters) – The European Commission wants more social protection and rights for casual workers, such as those in the “gig economy”, and others with non-standard contracts to try to tackle growing social inequality. The Commission’s consultation document on these plans, seen by Reuters, is part of a broader reworking of the EU’s economic priorities,
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(Reuters) – Drugmaker Pfizer Inc (PFE.N) on Wednesday filed a lawsuit against Johnson & Johnson (JNJ.N), saying its rival’s contracts with health insurers for blockbuster rheumatoid arthritis drug, Remicade, were anticompetitive and blocked sales of Pfizer’s new biosimilar. Pfizer said in the suit that J&J is offering discounts on its Remicade treatment in exchange for
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(Reuters) – U.S. stocks were slightly higher on Tuesday, helped by gains in financial, technology and telecom stocks, but indexes traded in a narrow range as investors stayed away from making major bets ahead of the Federal Reserve’s policy meeting. The U.S. central bank, which begins its two-day meeting on Tuesday, is widely expected to
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LONDON (Reuters) – Record-high world stocks paused on Tuesday and the dollar dipped, as investors waited for signals from the Federal Reserve on when it will start shrinking its balance sheet and nudge up U.S. interest rates again. Tokyo’s Nikkei .N225 had surged 2 percent overnight having been closed on Monday when Wall Street and
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SYDNEY (Reuters) – CBS Corp (CBS.N) has sweetened its bid for Australian broadcaster Ten Network Holdings Ltd (TEN.AX), ahead of a key creditors’ vote later on Tuesday on the future of the company. CBS, Ten’s biggest creditor, swooped on the TV station after it went into administration three months ago, challenging acquisition plans by Twenty-First
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