Business
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Uber CEO tackles challenges with board battle, London regulator
[ad_1] SAN FRANCISCO (Reuters) – Uber Technologies Inc Chief Executive Dara Khosrowshahi, little more than a month on the job, on Tuesday addresses two big challenges – London’s threat to ban the ride-hailing service and…
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Berkshire Hathaway invests in truck stop operator Pilot Flying J
[ad_1] (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) on Tuesday deepened its commitment to the American economy, saying it will buy a 38.6 percent stake in truck-stop operator Pilot Flying J and eventually take…
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Split U.S. solar industry to debate tariffs at hearing
[ad_1] (Reuters) – A fractured U.S. solar industry will present differing proposals on Tuesday to a government commission considering measures to prop up domestic solar panel makers, who say cheap imports have left them on…
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Wall Street starts quarter higher; data signals strength
[ad_1] NEW YORK (Reuters) – U.S. stocks started the fourth quarter on a strong note on Monday, with all three major indexes hitting record high closes as data pointed to underlying strength in the economy.…
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U.S. casino stocks fall following mass shooting in Las Vegas
[ad_1] (Reuters) – Shares of Las Vegas casino operators fell as much as 5 percent in premarket trading on Monday after a gunman killed at least 50 people and wounded 200 others in a mass…
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Oil prices lower after strong third quarter as Sept. OPEC output rises
[ad_1] TOKYO (Reuters) – Oil prices fell on Monday, pausing for breath after posting gains of as much as 20 percent in the third quarter, after a survey pointed to a slight increase in OPEC…
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Caught in the crossfire, Britain says will fight Boeing-Bombardier row
[ad_1] MANCHESTER, England (Reuters) – Britain, caught in the crossfire of a damaging trade dispute between planemakers Boeing (BA.N) and Bombardier (BBDb.TO), said on Sunday it would fight its corner to protect thousands of jobs…
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Qatar Airways expects Meridiana to be Italy's 'real' national carrier
[ad_1] DOHA (Reuters) – Qatar Airways will back Meridiana to be Italy’s top airline, supplying it with wide and narrow bodied jets to help expand its network, the Middle East carrier’s chief executive said on…
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Sears Canada asks court for more time to close deal with chairman
[ad_1] (Reuters) – Sears Canada Inc (SRSCQ.PK) said late on Friday that it has asked a court to extend creditor protection that expires on Wednesday by another month so it can finish negotiating a deal…
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EU declines to rank rival bids for agencies leaving Britain over Brexit
[ad_1] BRUSSELS (Reuters) – The European Commission has shied away from ranking which cities should host Europe’s drugs regulator and banking authority after Brexit, saying the decision is up to the 27 member states which…
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When it comes to U.S. stocks, growth trumps quality
[ad_1] NEW YORK (Reuters) – U.S. investors are not rewarding companies for generating good earnings consistently, opting instead for a stockpicking strategy that might be called “growth at a high cost.” High-quality stocks selected for…
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Citigroup to settle dispute with Lehman Brothers for $1.74 billion: Bloomberg
[ad_1] (Reuters) – Citigroup Inc (C.N) and Lehman Brothers Holdings Inc resolved a fight over $2.1 billion that dates to the financial crisis era after Citigroup agreed to give back $1.74 billion to the estate…
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S&P 500, Nasdaq hit records on tech lift
[ad_1] (Reuters) – The S&P 500 and the Nasdaq advanced to record levels on Friday, buoyed by gains in technology stocks, while each of the major indexes closed out the quarter with solid gains. Technology…
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Trumpflation strikes back: dollar set for best week of the year
[ad_1] LONDON (Reuters) – The dollar was set for its biggest weekly rise in 2017 and stocks rose across the world after U.S. President Donald Trump proposed the biggest tax overhaul in three decades in…
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Asia shares recuperate after rough week, dollar in better health
[ad_1] SYDNEY (Reuters) – Asian shares regained some poise on Friday after a tough week in which the gathering risk of a U.S. rate rise lifted Treasury yields toward nine-year highs and boosted borrowing costs…
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S&P ekes out record on healthcare gains, tax plan hopes
[ad_1] (Reuters) – Wall Street edged higher on Thursday, as the S&P 500 eked out a record on gains in McDonald’s and healthcare names, while investors continued to hope President Donald Trump will be able…
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A little help from 'Mr Bags'? Prada plays catch-up online in China
[ad_1] BEIJING/MILAN (Reuters) – At Prada’s (1913.HK) Spring/Summer 2018 show in Milan last week in a warehouse papered with giant pop-art comic strips, one name in the coveted front row stood out: Tao Liang, otherwise…
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Playboy founder Hugh Hefner dies at age 91
[ad_1] (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…
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Trump proposal slashes taxes on businesses, the rich amid deficit worries
[ad_1] WASHINGTON (Reuters) – President Donald Trump on Wednesday proposed the biggest U.S. tax overhaul in three decades, offering to cut taxes for most Americans but prompting criticism that the plan favors the rich and…
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France backs Siemens-Alstom rail deal despite job fears
[ad_1] 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…
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Amazon says Google has pulled YouTube from Echo Show device in tech face-off
[ad_1] SAN FRANCISCO (Reuters) – In a rare public feud between large technology companies, Amazon.com Inc said on Tuesday its Echo Show devices could no longer play videos from YouTube because the site’s parent, Google,…
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Wall St. ends flat after Yellen; tech shares bounce
[ad_1] NEW YORK (Reuters) – The S&P 500 ended flat on Tuesday and the Nasdaq posted modest gains as technology shares bounced from sharp losses in the prior session and comments from Fed Chair Janet…
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U.S. Commerce Secretary Ross tells China to guarantee fair treatment for U.S. firms
[ad_1] BEIJING (Reuters) – U.S. Commerce Secretary Wilbur Ross said China needed to “guarantee fair and reciprocal treatment for U.S. firms” as he tried to strike an upbeat tone on a visit to Beijing amid…
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Asian shares droop, yen gains as Korean tensions rise
[ad_1] 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…
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Wall St. declines on tech selloff, North Korea concern
[ad_1] NEW YORK (Reuters) – Wall Street dipped on Monday, as a selloff in technology shares weighed heavily on the Nasdaq, while the most recent statement from North Korea’s to Washington added to a cautious…
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Exclusive: Toshiba tells banks chip deal delayed as Apple yet to approve
[ad_1] TOKYO (Reuters) – Toshiba Corp (6502.T) told its main banks on Monday it has not signed the $18 billion sale of its semiconductor business because Apple Inc (AAPL.O), a member of the buyer group,…
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Oil holds gains as producers say market rebalancing
[ad_1] 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…
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EU seeks more protection for Uber-style jobs
[ad_1] 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.…
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Fidget spinners and squishies: some Toys 'R' Us toymakers cut ties
[ad_1] (Reuters) – This summer, toy supplier Product Launchers delivered 100,000 specially ordered DC Comics fidget spinners to Toys ‘R’ Us, unaware that the biggest U.S. toy store chain was in financial trouble. Now Product…
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A private solution for China’s zombie company problem? Unlikely
[ad_1] HONG KONG (Reuters) – China’s latest push to revive its bloated state-owned sector is set to pick up pace this year, with bankers and investors expecting possible spin-offs and asset sales to follow a…