Business
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Wall Street set to open higher as North Korea tension eases
[ad_1] (Reuters) – Wall Street was set to open higher on Monday as tensions on the Korean peninsula eased slightly after key U.S. officials played down the risk of an imminent war with North Korea.…
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Aldi enters grocery delivery in partnership with Instacart
[ad_1] CHICAGO (Reuters) – German grocery chain Aldi Inc [ALDIEI.UL] said on Sunday it has partnered with Instacart Inc to deliver groceries in three U.S. cities, a move that comes amid intense competition and disruption…
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Exclusive: Arab bloc won't discriminate against U.S. firms in Qatar rift – sources
[ad_1] DUBAI (Reuters) – Four Arab countries that imposed sanctions on Qatar have told the United States that U.S. companies doing business with them would not be punished for also working with Doha, four sources…
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North Korea factories humming with 'Made in China' clothes, traders say
[ad_1] DANDONG, China (Reuters) – Chinese textile firms are increasingly using North Korean factories to take advantage of cheaper labor across the border, traders and businesses in the border city of Dandong told Reuters. The…
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Iran in talks to buy 48 Airbus helicopters: report
[ad_1] DUBAI (Reuters) – Iran is holding talks with European planemaker Airbus to buy 48 helicopters for civilian use, an Iranian official was on Saturday quoted as saying, as Iran continues its shopping spree of…
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After a long drought, bear market funds attract buyers
[ad_1] NEW YORK (Reuters) – Bearish stock investors are slowly coming out of hibernation, as money has begun to move into funds that aim to profit when markets dive. U.S. mutual funds that attempt to…
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Uber, beset by scandal, faces battle over 'destructive' lawsuit
[ad_1] SAN FRANCISCO (Reuters) – Ride-services company Uber is facing a divided board of directors and angry shareholders after investor Benchmark Capital filed a lawsuit against the company’s ousted chief executive, Travis Kalanick, dealing another…
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Third Point takes 1.6 million share stake in BlackRock, 4.5 million in Alibaba
[ad_1] NEW YORK (Reuters) – Dan Loeb’s Third Point took a 1.6 million-share stake in BlackRock Inc (BLK.N) and reinitiated a stake in Alibaba Group Holding (BABA.N) of 4.5 million shares during the second quarter…
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Bond investors seen giving Tesla a $1.8 billion endorsement
[ad_1] NEW YORK (Reuters) – Bond investors on Friday were poised to give a $1.8 billion boost to Tesla Inc’s balance sheet by snapping up the electric car maker’s first foray into the U.S. junk…
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China investigates top local social media sites in push to control content
[ad_1] BEIJING (Reuters) – China is investigating its top social media sites, including WeChat and Weibo, for failing to comply with cyber laws, the latest step in the country’s push to secure the internet and…
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Stocks, dollar extend slide as U.S., North Korea tensions intensify
[ad_1] SINGAPORE (Reuters) – Asian equity markets extended a global slide on Friday as tensions ramped up between the United States and North Korea, sending investors fleeing to less risky assets such the yen, the…
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Exclusive: Amazon in talks to offer event ticketing in U.S.- sources
[ad_1] NEW YORK/SAN FRANCISCO (Reuters) – Amazon.com Inc (AMZN.O) is seeking to partner with U.S. venue owners to sell event tickets, four sources have told Reuters, a move that could loosen Ticketmaster’s powerful grip on…
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Kohl's quarterly profit, comp sales beat estimates
[ad_1] (Reuters) – Department store operator Kohl’s Corp (KSS.N) reported better-than-expected quarterly profit and comparable sales, helped by a sales boost in the final month of the quarter and cost cuts, sending its shares up…
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Asia stocks steady, Treasury prices off highs as risk aversion settles
[ad_1] TOKYO (Reuters) – Asian stocks steadied and U.S. Treasury bond prices fell slightly on Thursday as the risk aversion triggered by the latest flare up of tensions between the United States and North Korea…
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GE saves money by delaying Boston HQ tower construction
[ad_1] (Reuters) – General Electric Co (GE.N) said it is delaying construction of the largest part of its new $200 million headquarters in Boston to save money as new Chief Executive John Flannery looks to…
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U.S. card firm Vantiv clinches $10 billion deal to buy Worldpay
[ad_1] LONDON (Reuters) – U.S. credit card processing company Vantiv moved closer to creating a $29 billion global payments powerhouse on Wednesday with a formal offer to buy Britain’s Worldpay for 8 billion pounds ($10…
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Oil falls for third day as doubts over OPEC cuts linger
[ad_1] TOKYO (Reuters) – Crude futures fell for a third day on Wednesday despite a bigger than expected fall in U.S. oil inventories reported by an industry group, with doubts lingering over OPEC’s ability to…
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U.S. to review Qualcomm's complaints about Apple iPhone patents
[ad_1] WASHINGTON (Reuters) – U.S. trade officials have agreed to investigate Qualcomm Inc’s allegations that Apple Inc infringed on patents with its iPhone7 and other devices, the U.S. International Trade Commission said on Tuesday. The…
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Mazda announces breakthrough in long-coveted engine technology
[ad_1] TOKYO (Reuters) – Mazda Motor Corp unveiled plans for the world’s first commercial gasoline engine using compression ignition, placing traditional engines at the center of its strategy days after saying it would develop electric…
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Commonwealth Bank scraps CEO bonus over money-laundering allegations
[ad_1] MELBOURNE (Reuters) – Commonwealth Bank of Australia on Tuesday scrapped its chief executive’s bonus for damaging the bank’s reputation amid allegations it broke money-laundering and counter-terrorism financing rules, but said he retained the board’s…
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Netflix buys comic book publisher run by 'modern-day Stan Lee'
[ad_1] (Reuters) – U.S. video streaming company Netflix Inc (NFLX.O) said on Monday it bought comic book publisher Millarworld, home to titles such as “Kick-Ass” and “Kingsman,” in its first ever acquisition. Millarworld, run by…
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Stocks reach new peak in world full of surprises
[ad_1] LONDON (Reuters) – World stocks breached new record highs on Monday as better-than-expected company earnings and economic data from the United States stole the focus from rising geopolitical tension over North Korea’s nuclear program.…
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Oil steady near nine-week highs on fall in U.S. drilling activity
[ad_1] SEOUL (Reuters) – Oil prices held near nine-week highs on Monday, buoyed by robust U.S. jobs data last week and a slight fall in U.S. drilling, although rising output from OPEC capped gains. Global…
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Shkreli sentence turns on antics, investor impact of crime
[ad_1] (Reuters) – Former drug company executive Martin Shkreli could spend years in prison for Friday’s investor fraud conviction if the judge focuses on the intended impact of his crime and his “Pharma Bro” social…
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Russia: new EU sanctions over Siemens turbines violate international law
[ad_1] MOSCOW (Reuters) – Russia said on Saturday the European Union’s decision to sanction a Russian deputy energy minister over the delivery of Siemens’ turbines to Moscow-annexed Crimea was politically motivated and illegal. The EU…
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Strong U.S. jobs report bolsters case for further Fed tightening
[ad_1] WASHINGTON (Reuters) – U.S. employers hired more workers than expected in July and raised their wages, signs of labor market tightness that likely clears the way for the Federal Reserve to announce a plan…
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Berkshire profit falls as underwriting loss offsets railroad gains
[ad_1] (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) on Friday reported a 15 percent drop in second-quarter profit, as lower investment gains and a loss from insurance underwriting offset improvement in its BNSF railroad…
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Amazon shadow looms large ahead of retail earnings
[ad_1] NEW YORK (Reuters) – As old and new Amazon.com (AMZN.O) competitors gear up to report earnings, investors are eager to know how they plan to withstand the growth of the No. 1 online retailer.…
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General Motors recalling nearly 800,000 pickup trucks worldwide
[ad_1] WASHINGTON (Reuters) – General Motors Co (GM.N) is recalling nearly 800,000 Chevrolet Silverado 1500 and GMC Sierra 1500 pickup trucks worldwide that could lose power steering, according to documents made public Friday. The largest…
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ADP says Ackman's Pershing Square seeking control of company
[ad_1] (Reuters) – William Ackman’s Pershing Square Capital Management is seeking effective control of Automatic Data Processing Inc (ADP.O) by nominating five directors to its board, the HR services provider said in a statement on…