Business
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Wal-Mart to speed up returns for items bought online
[ad_1] (Reuters) – Wal-Mart Stores Inc said on Monday it was launching a process to speed up returns of items bought on its website, in time for the busy holiday season, as it looks to…
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China shares hit 21-month high; Turkish lira takes a dive
[ad_1] SYDNEY (Reuters) – Chinese shares climbed on Monday after a week-long break as a disappointing survey on the country’s service sector did little to dent optimism on global growth, while political uncertainty caused turbulence…
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Talks on sale of Air Berlin planes to easyJet at risk of collapse: report
[ad_1] BERLIN (Reuters) – Talks between the insolvent carrier Air Berlin (AB1.DE) and easyJet (EZJ.L) over the sale of up to 30 planes are at risk of falling apart, according to a report in Germany’s…
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OPEC, others may take some extraordinary measures in 2018 to rebalance oil market: Barkindo
[ad_1] NEW DELHI (Reuters) – The Organization of the Petroleum Exporting Countries and major producing nations may take “some extraordinary measures” next year to rebalance the oil market, OPEC Secretary General Mohammad Sanusi Barkindo said…
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Fed must hike rates in face of hot U.S. labor market: Rosengren
[ad_1] MONTREAL (Reuters) – The Federal Reserve must respond to “very tight” U.S. labor markets by gradually raising interest rates or risk halting the economic recovery, a hawkish Fed official said on Saturday. In prepared…
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Zurich's Greco says nearly halfway to 2019 goal to cut costs: NZZ
[ad_1] ZURICH (Reuters) – Zurich Insurance (ZURN.S) will have cut costs by $700 million by the end of the year, nearly halfway to its goal to save $1.5 billion by 2019, Chief Executive Mario Greco…
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Tesla delays big rig truck debut; Model 3 in 'production hell'
[ad_1] (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk on Friday pushed back the unveiling of the company’s big rig truck until mid-November, tweeting that the electric vehicle maker was diverting resources to fix…
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U.S. backs 300 percent in duties on Bombardier after Boeing complaint
[ad_1] WASHINGTON (Reuters) – The U.S. Commerce Department on Friday notched up proposed trade duties on Bombardier Inc CSeries jets to nearly 300 percent, affirming Boeing Co’s complaint that the Canadian company received illegal subsidies…
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S&P 500 breaks record run on jobs data, drug chain drop
[ad_1] NEW YORK (Reuters) – The S&P 500 eased on Friday, ending a six-day run of record highs as the first monthly decline in U.S. nonfarm jobs in seven years dampened sentiment and pharmacy shares…
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Hurricanes Harvey, Irma sink U.S. payrolls in September
[ad_1] WASHINGTON (Reuters) – U.S. employment fell in September for the first time in seven years as Hurricanes Harvey and Irma left displaced workers temporarily unemployed and delayed hiring, the latest indication that the storms…
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Asia up on economic optimism before U.S. jobs report, dollar buoyant
[ad_1] TOKYO (Reuters) – Asian stocks rose on Friday and the dollar hit a seven-week peak, riding on economic optimism ahead of a U.S. job report later in the day. Spreadbetters expected Britain’s FTSE .FTSE…
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Bombardier spends $2.4 billion a year on aerospace in U.S.: document
[ad_1] NEW YORK (Reuters) – Bombardier Inc’s aerospace business spent $2.4 billion in the United States last year, tapping more than 800 suppliers in all but three U.S. states, according to a confidential Bombardier report…
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Wall Street moves to Frankfurt as Brexit doubts grow
[ad_1] LONDON/FRANKFURT (Reuters) – Some of the globe’s biggest banks have decided to rent more office space in Frankfurt, bolstering Germany’s financial hub after months of divorce talks between Britain and the EU have left…
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Asian shares edge up slightly after strong U.S. data
[ad_1] TOKYO (Reuters) – Asian shares were a tad firmer on Thursday, taking their cues from strong U.S. data although holiday-thinned trade and uncertainty about the impact of recent hurricanes on the U.S. economy are…
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Wall St. extends run of record highs; services data upbeat
[ad_1] NEW YORK (Reuters) – U.S. stocks edged up to extend their run of record closing highs on Wednesday as data on the services sector added to signs of strength in the economy and prospects…
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Wall street to open lower after record highs
[ad_1] (Reuters) – Wall Street looked set to open lower on Wednesday as investors likely booked profit following two straight days of record highs for the three major indexes and ahead of a raft of…
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Hong Kong, Japanese stocks boost Asia on optimism over global growth
[ad_1] SYDNEY (Reuters) – Japanese and Hong Kong share markets led Asian stocks higher on Wednesday, with the Chinese central bank’s weekend move to free up more liquidity boosting sentiment as the world’s second-largest economy…
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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…





