Business
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With China dream shattered over missile land deal, Lotte faces costly overhaul
[ad_1] SEOUL (Reuters) – Pressed by Seoul into a land swap deal needed for a controversial new missile defense system earlier this year, South Korean conglomerate Lotte Group had good reason to be skeptical. A…
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Fidelity chairman says U.S. regulations lag social media advances
[ad_1] BOSTON (Reuters) – U.S. financial regulations on data retention do not fit with the way people expect to communicate on social media, Fidelity Investments Chairman Abigail Johnson said on Tuesday. FILE PHOTO: Fidelity Chairman…
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Asian shares hover near recent highs; NZ$ at five-month lows
[ad_1] SYDNEY (Reuters) – Asian shares held near recent decade highs on Tuesday and major currencies kept to narrow ranges, while the New Zealand dollar stumbled to five-month lows as the incoming Labour coalition’s policies…
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U.S. companies act on climate despite Trump: survey
[ad_1] OSLO (Reuters) – U.S. companies are still among the most ambitious in setting targets to combat global warming despite President Donald Trump’s plans to quit the 195-nation Paris climate agreement, a 2017 survey showed…
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EU raids Daimler and VW in widening cartel inquiry
[ad_1] HAMBURG/BERLIN (Reuters) – European Union and German antitrust officials searched the offices of Daimler (DAIGn.DE) and Volkswagen (VOWG_p.DE) on Monday, widening an inquiry into alleged collusion. FILE PHOTO: The Mercedes star logo of an…
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U.S. Midwest oil refiners boost output, cut region's dependence on Gulf Coast
[ad_1] NEW YORK (Reuters) – U.S. refineries from Ohio to Minnesota are capitalizing on access to cheap crude from Western Canada and North Dakota oilfields, helping their region break a historic dependence on fuel from…
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Yen at three-month lows on Abe win, euro struggles with Spain
[ad_1] SYDNEY (Reuters) – Japan’s yen hit three-month lows on Monday as an election win for the government gave a green light for super-easy monetary policy, while the euro eased as Spain’s constitutional crisis aggravated…
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Airbus turmoil overshadows bid to rescue CSeries
[ad_1] PARIS (Reuters) – Airbus’s (AIR.PA) coup in buying a $6 billion Canadian jetliner project for a dollar stunned investors and took the spotlight off a growing ethics row last week, but internal disarray has…
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Henkel may make U.S. acquisitions: CEO in newspaper
[ad_1] FRANKFURT (Reuters) – German consumer goods group Henkel (HNKG_p.DE) may further expand its business in the United States via acquisitions, Chief Executive Hans van Bylen told Welt am Sonntag in an interview. Hans Van…
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California judge tosses $417 million talc cancer verdict against Johnson & Johnson
[ad_1] (Reuters) – A California judge on Friday threw out a $417 million verdict against Johnson & Johnson (JNJ.N) in a lawsuit by a woman who claimed she developed ovarian cancer after using its talc-based…
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China says will guide private capital into higher growth areas
[ad_1] BEIJING (Reuters) – China will introduce measures aimed at guiding private investment into areas that have a higher growth potential, a senior official with the state planning agency said on Saturday. Employees work at…
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Whole Foods says hacking incident resolved
[ad_1] (Reuters) – Amazon.com Inc’s (AMZN.O) Whole Foods Market said on Friday it had replaced affected point-of-sale systems at venues located within some stores where payment card information had been stolen. FILE PHOTO: The Whole…
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Low pay, no bonus: U.S. retailers struggle with hiring
[ad_1] (Reuters) – U.S. retailers are finding it increasingly difficult to hire employees for stores and for middle and higher management as low pay and a feeling of uncertainty clouds the industry following a spate…
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Exclusive: Tech companies to lobby for immigrant 'Dreamers' to remain in U.S.
[ad_1] SAN FRANCISCO (Reuters) – Nearly two dozen major U.S. companies in technology and other industries are planning to launch a coalition to demand legislation that would allow young, illegal immigrants a path to permanent…
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Microsoft expands rural U.S. campaign with Green Bay Packers tie-up
[ad_1] SAN FRANCISCO (Reuters) – Microsoft Corp (MSFT.O) has teamed up with the National Football League’s Green Bay Packers in a $10 million partnership intended to spur tech innovation in Wisconsin, the software company said…
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Rosneft's Sechin says no watershed in oil market, U.S. shale oil a risk
[ad_1] VERONA, Italy (Reuters) – A global deal to cut oil output has not led to a breakthrough on high inventory levels, while an expected rise in U.S. shale oil output may destabilize the market…
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Asia stocks approach 10-year peak, unfazed by China GDP, dollar rises
[ad_1] TOKYO (Reuters) – Asian stocks rose to near decade highs on Thursday, continuing to ride on a global equities rally, while the dollar resumed its rise on the back of a spike in U.S.…
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Viacom, Charter deal to include eight networks in basic package: source
[ad_1] (Reuters) – Viacom Inc (VIAB.O) and Charter Communications Inc (CHTR.O) have agreed to a distribution deal that puts eight of Viacom’s most popular networks in Charter’s cheapest U.S. cable bundle, a source told Reuters…
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World markets steady as China congress starts and monetary policy gets back in focus
[ad_1] MILAN (Reuters) – World stocks stayed near peaks and currencies moved in tight ranges on Wednesday as China’s Communist Party conference opened and the focus in Europe turned to speeches from top euro zone…
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Asia shares camp near peaks, markets ponder Xi's speech
[ad_1] SYDNEY (Reuters) – Asian shares consolidated recent gains and currencies kept to tight ranges on Wednesday as investors waited to see what policies might emerge from China’s Communist Party conference. The twice-a-decade congress is…
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Powell likely next Fed chief, though Yellen best suited: economists
[ad_1] LONDON (Reuters) – Jerome Powell likely will be the next Federal Reserve chairman, according to a slim majority of economists in a Reuters poll – but most of them said current Fed Chair Janet…
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Airbus takes control of Bombardier CSeries in rebuff to U.S. threat
[ad_1] MONTREAL/PARIS (Reuters) – Airbus SE has agreed to buy a majority stake in Bombardier Inc’s CSeries jetliner program, giving a powerful boost to the Canadian plane and train maker in its costly trade dispute…
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Airbus to take majority stake in Bombardier CSeries jet program
[ad_1] MONTREAL/PARIS (Reuters) – Airbus SE (AIR.PA) agreed on Monday to buy a majority stake in Bombardier Inc’s (BBDb.TO) CSeries jetliner program, grabbing control of a struggling competitor at the second attempt and giving the…
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Tough U.S. NAFTA demands send ball back into lobbyists' court
[ad_1] ARLINGTON, Va. (Reuters) – Lobbying efforts on the North American Free Trade Agreement hit a crucial stage this week after the Trump administration ignored the U.S. business community’s advice and pitched proposals to radically…
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Daimler starts reorganisation that could lead to break up
[ad_1] BERLIN (Reuters) – Daimler (DAIGn.DE) has started the process of creating separate legal entities for its Mercedes Benz cars and Daimler Trucks divisions, a move that has fuelled speculation of an eventual break up…
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Asian shares conquer new peaks, oil up on Iraq tensions
[ad_1] SYDNEY (Reuters) – Asian shares advanced to new highs on Monday following Wall Street’s lead, while U.S. oil futures jumped to hover near a six-month peak as escalating tensions between the Iraqi government and…
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Airbus CEO sees no reason to step down over probes
[ad_1] FRANKFURT (Reuters) – Airbus (AIR.PA) Chief Executive Tom Enders sees no reason to resign over ongoing UK and French corruption investigations, but would be ready to do so if needed, he told a German…
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Cyclical sector rally banks on global economic expansion
[ad_1] NEW YORK (Reuters) – U.S. stock sectors that are particularly dependent on economic growth recently grabbed hold of the market’s rally and are poised to keep the reins should further signs of global expansion…
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General Motors reaches tentative deal with striking Canada workers
[ad_1] TORONTO (Reuters) – General Motors Co (GM.N) said on Friday it reached a tentative labor agreement with striking workers at its CAMI plant in Canada, ending an almost month-old dispute. Some 2,500 workers at…
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Saudi Aramco in stake sale talks with Chinese investor: sources
[ad_1] DUBAI/NEW YORK (Reuters) – Saudi Aramco is considering the sale of a stake to a Chinese investor as plans for its highly-anticipated international public offering are pushed beyond its 2018 target, sources familiar with…