Business
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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…
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Toyota to take 5 percent stake in Mazda, jointly build $1.6 billion U.S. plant
[ad_1] TOKYO (Reuters) – Japanese automakers Toyota Motor Corp and Mazda Motor Corp announced on Friday they will build a $1.6 billion U.S. assembly plant as part of a new joint venture, while Toyota will…
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Raytheon wins end to whistleblower's $1 billion satellite lawsuit
[ad_1] (Reuters) – Raytheon Co (RTN.N) on Thursday won the dismissal of a $1 billion whistleblower lawsuit accusing the defense contractor of overbilling the U.S. government on a contract for satellite sensors, nearly 1-1/2 years…
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Health insurer Aetna profit rises as Obamacare business shrinks
[ad_1] (Reuters) – Aetna Inc (AET.N) reported a higher-than-expected quarterly profit on Thursday as member health costs were lower than anticipated, including in the Obamacare individual insurance business that it plans to exit at the…
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Asian shares slide as tech shares crumble after Dow hits 22,000
[ad_1] TOKYO (Reuters) – Asian shares slid on Thursday, led by falls in South Korean tech shares, as investors locked in recent gains after Wall Street’s Dow Jones Industrial Average broke the 22,000 barrier for…
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U.S. court puts MetLife 'too big to fail' case on indefinite pause
[ad_1] WASHINGTON (Reuters) – Any legal decision on whether the largest U.S. life insurer MetLife Inc (MET.N) should be labeled “too big to fail” will probably come after the Trump administration defines its stance on…
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Exclusive: Sanctions gap lets Western firms tap Russian frontier oil
[ad_1] OSLO/MOSCOW (Reuters) – A gap in U.S. sanctions allows Western companies to help Russia develop some of its most technically challenging oil reserves, and risks undermining the broad aim of the measures, a Reuters…
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Asia tech stocks bask in Apple glow, dollar in the dark
[ad_1] SYDNEY (Reuters) – Asian technology stocks hit 17-year peaks on Wednesday as blockbuster earnings from Apple rippled out to component makers globally, helping the broader market offset losses in the energy sector. Shares in…
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Bitcoin splits, but clone off to slow start
[ad_1] NEW YORK (Reuters) – Bitcoin’s underlying software code was split on Tuesday, generating a new clone called “Bitcoin Cash,” but the new virtual currency got off to a slow start due to lackluster support…
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Thomson Reuters' second-quarter profit tops estimates
[ad_1] NEW YORK (Reuters) – Thomson Reuters Corp (TRI.TO)(TRI.N) on Tuesday reported higher-than-expected second-quarter earnings, helped by demand for market data, and increased its full-year forecast for margins and adjusted earnings per share. The company’s…
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Japan's Honda posts stronger-than-expected first quarter operating profit
[ad_1] TOKYO (Reuters) – Honda Motor Co. posted a 0.9 percent rise in operating profit for the first quarter as strong Asian sales of cars and motorcycles helped offset a slide in North American demand,…
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Republicans want tech input on U.S. net neutrality legislation
[ad_1] WASHINGTON (Reuters) – A U.S. congressional committee on Monday asked for input from Google parent Alphabet Inc (GOOGL.O), Facebook Inc (FB.O), Comcast Corp (CMCSA.O), Amazon.com Inc (AMZN.O) and other major companies on a proposed…
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Clariant hires Goldman to fend off activist opposed to Huntsman merger
[ad_1] FRANKFURT/ZURICH (Reuters) – Specialty chemicals group Clariant (CLN.S) has hired Goldman Sachs (GS.N) as an additional adviser to help stave off an activist investor’s campaign to derail its planned merger with U.S. peer Huntsman…
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Asia stocks start data-heavy week with gains; dollar creeps up
[ad_1] SINGAPORE (Reuters) – Asian shares turned positive on Monday, shrugging off a new North Korean missile test as investors turned their attention to a raft of global economic data and earnings this week, while…





