Business
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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 $329 million charge for its troubled KC-46 aerial refueling tanker program in quarterly results on Wednesday, paring gains in profit margins compared to a year…
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Goldman plans private equity expansion to help offset trading funk
[ad_1] NEW YORK (Reuters) – Goldman Sachs Group Inc is ramping up its private-equity investments and going after smaller, high-growth targets as part of a broad plan to offset recent trading declines, three people familiar…
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With China dream shattered over missile land deal, Lotte faces costly overhaul
[ad_1] SEOUL (Reuters) – Pressed by Seoul into a land swap deal needed for a controversial new missile defense system earlier this year, South Korean conglomerate Lotte Group had good reason to be skeptical. A…
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Fidelity chairman says U.S. regulations lag social media advances
[ad_1] BOSTON (Reuters) – U.S. financial regulations on data retention do not fit with the way people expect to communicate on social media, Fidelity Investments Chairman Abigail Johnson said on Tuesday. FILE PHOTO: Fidelity Chairman…
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Asian shares hover near recent highs; NZ$ 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…





