Business
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Hurricanes, earthquake drag down third-quarter profit at Buffett's Berkshire
[ad_1] (Reuters) – Bad weather hurt Warren Buffett’s Berkshire Hathaway Inc in the third quarter, as insurance losses tied to Hurricanes Harvey, Irma and Maria and an earthquake in Mexico contributed to a 43 percent…
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BMW recalling 1 million vehicles in North America
[ad_1] WASHINGTON (Reuters) – BMW AG said on Friday it is recalling about 1 million vehicles in North America for two separate issues involving fire risks and said it may expand the recalls to other…
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T-Mobile and Sprint work to save merger talks: WSJ
[ad_1] FRANKFURT (Reuters) – T-Mobile US (TMUS.O) and Sprint (S.N) are working to salvage their $74 billion merger and could reach a deal within weeks, the Wall Street Journal reported, citing people familiar with the…
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Asia shares relieved by Powell pick, await U.S. jobs test
[ad_1] SYDNEY (Reuters) – Asian share markets edged higher on Friday as investors gave a guarded reception to Republican plans for massive U.S. tax cuts, while welcoming the appointment of a centrist at the helm…
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Exclusive: Airbus begins external search for new sales chief – sources
[ad_1] PARIS (Reuters) – Airbus (AIR.PA) has embarked on a fresh search for a sales chief to take over from soon-to-retire John Leahy as the aerospace group seeks a clean break from turmoil over investigations…
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Goldman jokes, takes 'bites' out of pizza to attract borrowers
[ad_1] NEW YORK (Reuters) – Goldman Sachs Group Inc hosted an event at a New York comedy club on Wednesday night to create some buzz for its new lending platform by poking fun at hidden…
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Facebook profit soars, with no sign of impact from Russia scandal
[ad_1] (Reuters) – Facebook Inc (FB.O) faced harsh criticism in Washington on Wednesday over its failure to prevent Russian operatives from using its platform for election meddling, but the earnings report it issued hours later…
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S&P, Dow higher as oil prices rise; Apple weighs on Nasdaq
[ad_1] (Reuters) – The S&P and the Dow were higher on Wednesday, as energy stocks gained from a jump in oil prices and strong private jobs data pointed to the strength in the labor market,…
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Drugmaker Novo Nordisk warns U.S. legislation could make business difficult
[ad_1] COPENHAGEN (Reuters) – Drugmaker Novo Nordisk said on Wednesday that new legislation being prepared in some U.S. states to improve pricing transparency could potentially impact business in its key market. Danish healthcare company Novo…
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Apple could drop Qualcomm components in next year's iPhones, iPads: sources
[ad_1] (Reuters) – Apple Inc (AAPL.O) has designed iPhones and iPads that would drop chips supplied by Qualcomm Inc (QCOM.O), according to two people familiar with the matter. The change would affect iPhones released in…
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Pfizer beats profit estimates, raises 2017 earnings forecast
[ad_1] (Reuters) – Pfizer Inc’s quarterly profit beat market estimates, partly helped by higher-than-expected sales of its blockbuster pneumonia vaccine Prevnar, and the company also raised its full-year earnings forecast. Shares of the largest U.S.…
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Nissan's October passenger car sales in Japan likely halved amid scandal
[ad_1] TOKYO (Reuters) – Nissan Motor Co (7201.T) said Japan sales of new passenger vehicles probably fell by half in October from a year ago after the discovery of improper final inspection procedures at its…
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SoftBank, Deutsche Telekom hit wall in Sprint, T-Mobile talks: sources
[ad_1] (Reuters) – SoftBank Group Corp and Deutsche Telekom AG have reached an impasse in their talks to merge Sprint Corp and T-Mobile US Inc over how many shares each would hold in the combined…
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Cancer-drug setback sends Merck shares down again
[ad_1] NEW YORK (Reuters) – A setback for Merck & Co’s (MRK.N) key cancer drug sent the drugmaker’s stock swooning on Monday for a second straight session, putting the shares on track for their biggest…
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U.S. oil exports boom, putting infrastructure to the test
[ad_1] NEW YORK/HOUSTON (Reuters) – Tankers carrying record levels of crude are leaving in droves from Texas and Louisiana ports, and more growth in the fledgling U.S. oil export market may before long test the…
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GM settles California county recall case for $13.9 million
[ad_1] WASHINGTON (Reuters) – General Motors Co agreed to a $13.9 million settlement with Orange County, California after prosecutors accused the Detroit automaker of intentionally concealing serious safety defects including those involving faulty ignition switches…
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Italian bank inquiry points to improper behavior, commission's chairman tells paper
[ad_1] MILAN (Reuters) – A new investigation of Italian banking scandals by a parliamentary commission has already revealed some improper behavior, the commission’s chairman, Pier Ferdinando Casini, told the newspaper La Repubblica in an interview.…
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China central bank boosting oversight of loans offered on the internet – media
[ad_1] BEIJING (Reuters) – China is stepping up its oversight of cash loans offered through the internet amid growing concerns over rapid growth in the lightly regulated industry, a business media report said on Saturday.…
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As Trump tax comes to floor, failure could spell stocks selloff
[ad_1] NEW YORK (Reuters) – Investors are increasingly pricing in the effect of a corporate tax cut into the shares of U.S. companies, leaving the market primed for a steep sell-off if the Republican-controlled Congress…
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U.S. wants to remove 'unnecessary' barriers to self-driving vehicles
[ad_1] WASHINGTON (Reuters) – The U.S. National Highway Traffic-Safety Administration said Friday it is looking for input on how it can remove regulatory roadblocks to self-driving cars. FILE PHOTO -The rear of a Lexus SUV…
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CVS deal for Aetna could help retailer face Amazon entry: analysts
[ad_1] (Reuters) – U.S. pharmacy operator CVS Health Corp’s (CVS.N) move to buy health insurer Aetna Inc (AET.N) could shore-up CVS’ vulnerable pharmacy business and spur another round of dealmaking in an industry fearing Amazon’s…
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After CSeries deal, Bombardier aero unit faces uncertain future
[ad_1] MONTREAL (Reuters) – Bombardier Inc (BBDb.TO) secured the future of its struggling CSeries jet but still needs to find ways to spur growth in other units that have aging products or face larger rivals,…
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Solid tech earnings, Apple lift Nasdaq higher
[ad_1] (Reuters) – The Nasdaq Composite index surged more than 1 percent on Friday on blowout earnings from Microsoft, Amazon and Alphabet and after Apple said demand for its latest iPhone X is “off the…
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Activist investors torpedo Clariant, Huntsman $20 billion merger
[ad_1] ZURICH (Reuters) – Swiss specialty chemicals maker Clariant and U.S. group Huntsman abandoned their $20 billion merger on Friday, notching a win for activist investors who fought against the deal for months on the…
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Nasdaq sues operators of cyber security ETF, alleging theft
[ad_1] NEW YORK (Reuters) – Nasdaq Inc on Thursday deepened a fierce battle over a $1.1 billion cyber security fund, suing a former business partner it said stole the exchange-traded fund (ETF) and several others,…
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UAW files complaint against Tesla representing terminated workers
[ad_1] (Reuters) – The United Auto Workers (UAW) International Union said on Thursday it filed a complaint against electric carmaker Tesla Inc (TSLA.O) on behalf of the company’s terminated workers. FILE PHOTO: A Tesla charging…
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Saudi Exchange aspires to be exclusive venue for Aramco IPO: CEO
[ad_1] RIYADH (Reuters) – Saudi Arabia’s stock exchange aspires to be the exclusive venue for the listing of Saudi Aramco’s IPO-ARMO.SE initial public offering, the exchange’s Chief Executive Officer Khalid al-Hussan said on Thursday. Visitors…
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CSX postpones investor conference amid leadership shakeup
[ad_1] (Reuters) – CSX Corp (CSX.O), the third-largest U.S. railroad operator, said on Wednesday it was postponing an Oct. 30 investor conference to a later date, and said its board approved a $1.5 billion share…
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Boeing ups forecasts, takes further air tanker charge
[ad_1] (Reuters) – Boeing Co (BA.N) racked up a further $329 million charge for its troubled KC-46 aerial refueling tanker program in quarterly results on Wednesday, paring gains in profit margins compared to a year…
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Goldman plans private equity expansion to help offset trading funk
[ad_1] NEW YORK (Reuters) – Goldman Sachs Group Inc is ramping up its private-equity investments and going after smaller, high-growth targets as part of a broad plan to offset recent trading declines, three people familiar…