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   NEWS: REUTERS BUSINESS
Reuters Business
Oct 17, 2019

Union Pacific misses profit expectations amid trade war, to cut spending, jobs
Railroad operator Union Pacific Corp on Thursday reported quarterly profit that missed analysts' estimates and said it would cut capital spending and jobs as the multi-front U.S. trade war worsens an industry-wide freight volume slump.

Reuters Business
Oct 17, 2019

Ethiopia crash victims' families to subpoena U.S. operators of Boeing 737 MAX
Lawyers representing families of passengers killed in a Boeing 737 MAX crash in Ethiopia in March are set to issue subpoenas to Southwest Airlines and American Airlines , according to documents seen by Reuters.

Reuters Business
Oct 17, 2019

Judge summons drug company CEOs to court to discuss opioid settlement: source
The chief executives of the three largest U.S. drug distributors and a drugmaker have been summoned to appear before a federal judge to discuss a proposal to resolve thousands of lawsuits alleging they fueled the U.S. opioid crisis, a person familiar with the matter said on Thursday.

Reuters Business
Oct 17, 2019

Stocks, sterling rise on long-awaited Brexit deal
A deal on Britain's departure agreed with the European Union sent sterling to a five-month high on Thursday and hoisted European stocks to a year-and-a-half peak before doubts about UK parliamentary support hauled them back.

Reuters Business
Oct 17, 2019

Fitbit in healthcare partnership to take on Apple Watch
Fitbit Inc is developing a method to detect irregular heart rhythm in time through a partnership with Bristol-Myers Squibb-Pfizer Alliance, as the wearable device maker looks to match a feature available on rival Apple Inc's Watch.

Reuters Business
Oct 17, 2019

White House adviser says there is momentum for initial China trade pact
White House economic adviser Larry Kudlow said on Thursday there was momentum to finalize the initial phase of a U.S.-China trade deal that was outlined last week, and it may be signed at the APEC forum next month in Chile.

Reuters Business
Oct 17, 2019

Volkswagen gets more time from U.S., auditor to comply with diesel settlement terms
Volkswagen will get 90 more days to test its compliance programs required under a criminal plea agreement with the U.S. government after an emissions cheating scandal, the German carmaker said on Thursday.

Reuters Business
Oct 17, 2019

Ford partners with Volkswagen, Amazon to build charging network for cars
Ford Motor Co said on Thursday it was teaming up with Volkswagen AG and Amazon.com to give its future electric car customers a range of charging options from highways to homes.

Reuters Business
Oct 17, 2019

Southwest delays return of its Boeing 737 MAX jets to February
Southwest Airlines Co said on Thursday it was postponing the return of Boeing Co's 737 MAX jets to its flight schedule until Feb. 8, the latest delay for the plane involved in two fatal crashes over five months.

Reuters Business
Oct 17, 2019

Wall Street moves higher on Brexit deal, robust earnings
U.S. stocks rose on Thursday, supported by Netflix and Morgan Stanley following upbeat reports, with investors also cheering Britain's preliminary last-minute deal with the European Union.

Reuters Business
Oct 17, 2019

White House adviser sees momentum to finalize initial China trade pact: CNBC
White House economic adviser Larry Kudlow said on Thursday he sees momentum to finalize the initial phase of a U.S.-China trade deal that was outlined last week, adding that it may be signed at the APEC forum next month in Chile.

Reuters Business
Oct 17, 2019

Norwegian Air, JetBlue tie up to expand transatlantic network
Norwegian Air and New York's JetBlue Airways plan a partnership enabling passengers flying between Europe and the United States to continue to multiple destinations under a single booking, potentially boosting traffic and average fares.

Reuters Business
Oct 17, 2019

Southwest pushes return of its Boeing 737 MAX jets to February
Southwest Airlines Co said on Thursday it was pushing the return of Boeing Co's 737 MAX jets on its flight schedule until February.

Reuters Business
Oct 17, 2019

Wall Street opens higher on Brexit deal, earnings cheer
U.S. stocks opened higher on Thursday, as worries over geopolitics eased after Britain struck a preliminary last-minute deal with the European Union, with sentiment also boosted by upbeat earnings from Netflix and Morgan Stanley.

Reuters Business
Oct 17, 2019

Boeing 737 MAX victims' lawyers to subpoena Southwest, American airlines
Lawyers representing families of passengers killed in a Boeing 737 MAX crash in Ethiopia in March are set to issue subpoenas to Southwest Airlines and American Airlines , the two biggest U.S. operators of the jet, according to documents seen by Reuters.

Reuters Business
Oct 17, 2019

Europe's Brexit deal cheers dampened by familiar snags
Confirmation of a new Brexit deal sent sterling to a five-month high on Thursday and hoisted European stocks to a year-and-a-half peak, before familiar doubts about British parliamentary support for the agreement hauled them back.

Reuters Business
Oct 17, 2019

U.S. housing starts fall; mid-Atlantic factory activity slows
U.S. homebuilding tumbled from a more than a 12-year high in September, but single-family home construction rose for a fourth straight month, suggesting the housing market remains supported by lower mortgage rates even as the economy is slowing.

Reuters Business
Oct 17, 2019

Snap launches dynamic ads to draw more advertisers
Snap Inc. said on Thursday it is introducing dynamic advertising that automatically create ads and target audiences in real-time, as the parent company of photo messaging app Snapchat looks to compete for digital ad dollars.

Reuters Business
Oct 17, 2019

Stock market tunes in to Netflix after subscriber bounce
Wall Street cheered a rebound in Netflix subscribers in the third quarter, driving shares in the firm 9% higher on Thursday even as analysts warned conservative estimates for the next three months may be a hint of less certain times ahead.

Reuters Business
Oct 17, 2019

Netflix and Amazon face censorship threat in India: source
India is deliberating potential censorship on streaming platforms such as Netflix and Amazon Prime Video, a senior government source told Reuters.

Reuters Business
Oct 17, 2019

Emerging markets come off the boil for Nestle and Unilever
Global consumer goods companies are banking on fast-growing emerging markets to drive their growth, so signs on Thursday that sales have come off the boil in the once-booming economies of China and India could set alarm bells ringing.

Reuters Business
Oct 17, 2019

Union Pacific profit misses estimates on lower crude shipments
Railroad operator Union Pacific Corp on Thursday reported a lower-than-expected quarterly profit, hit by a lower crude shipments.

Reuters Business
Oct 17, 2019

Dave & Buster's replaces Impossible burgers with new plant-based product
Dave & Buster's Entertainment Inc has replaced Impossible Foods' plant-based burgers with smaller rival Lightlife's burgers across its U.S and Canada outlets, the restaurant chain said on Thursday.

Reuters Business
Oct 17, 2019

Morgan Stanley profit beats as bond trading surges; shares jump 4%
Morgan Stanley beat estimates for quarterly profit on Thursday, buoyed by higher revenue from bond trading and M&A advisory fees, sending its shares up 4% in premarket trading.

Reuters Business
Oct 17, 2019

Norwegian Air, JetBlue tie up to make transatlantic bookings simpler
Passengers with Norwegian Air and New York's JetBlue Airways will be able to fly between Europe and the United States and make connecting flights on a single booking, under a planned partnership.

Reuters Business
Oct 17, 2019

Futures rise on Brexit deal; Netflix, Morgan Stanley earnings adds to cheer
Wall Street was set for a higher open on Thursday, after Britain struck a preliminary last-minute deal with the European Union helping to ease some geopolitical jitters, while upbeat earnings from Netflix and Morgan Stanley affirmed a strong start to the reporting season.

Reuters Business
Oct 17, 2019

Morgan Stanley profit beats estimates on bond trading strength
Morgan Stanley beat estimates for quarterly profit on Thursday, buoyed by higher revenue from bond trading and M&A advisory fees.

Reuters Business
Oct 17, 2019

European markets roar approval at new Brexit deal
Confirmation of a new Brexit deal lit a fire under Europe's financial markets on Thursday, sending sterling to a five-month high, European stocks to a year-and-a-half peak and causing safe-haven assets to plummet.

Reuters Business
Oct 17, 2019

Oil falls but losses limited by new Brexit deal
Oil prices fell on Thursday as industry data showed a larger-than-expected build-up in U.S. inventories but losses were limited after the United Kingdom and the European Union announced they had reached a deal on Brexit.

Reuters Business
Oct 17, 2019

Honeywell cuts full-year revenue forecast after miss
Diversified manufacturer Honeywell International Inc fell short of Wall Street estimates for quarterly revenue on Thursday and cut its full-year sales forecast, as its customers rein in spending amid a slowing global economy.

Reuters Business
Oct 17, 2019

Norwegian Air and JetBlue plan transatlantic partnership
Norwegian Air and New York's JetBlue Airways have agreed to form a partnership that will allow customers to book flights on each others' aircraft, with a planned startup in mid-2020, lifting Norwegian Air's shares.

Reuters Business
Oct 17, 2019

Honeywell profit falls 30%
Honeywell International Inc reported a 30% fall in quarterly profit on Thursday, as it sold off some businesses last year.

Reuters Business
Oct 17, 2019

Tesla to start Powerwall home battery installations in Japan
Tesla Inc will start installing its Powerwall home power storage batteries in Japan next spring, the U.S. electric car and battery maker said on Tuesday, marking the product's debut in Asia.

Reuters Business
Oct 17, 2019

Brexit snags stall sterling rally, stocks drift lower
Sterling faltered on Thursday and Europe's main stock markets went in and out of the red as hopes for a smooth Brexit ran into familiar Irish border snags.

Reuters Business
Oct 17, 2019

China says it hopes to reach phased trade pact with U.S. as soon as possible
China hopes to reach a phased agreement in a protracted trade dispute with the United States and cancel tariffs as soon as possible, the Commerce Ministry said on Thursday, adding that trade wars had no winners.

Reuters Business
Oct 17, 2019

What makes Japanese hotelier Unizo attractive for Blackstone and Elliott?
Little-known hotelier Unizo Holdings Co Ltd has found itself the center of private equity attention, with global names vying for the opportunity to buy into Japan's property market on the cheap.

Reuters Business
Oct 17, 2019

WH Smith to buy Marshall Retail for $400 million in U.S. airports push
British retailer WH Smith Plc made its second major foray into U.S. airports on Thursday with a $400 million purchase of Marshall Retail Group, expanding in a fast-growing segment and sending its shares up 5%.

Reuters Business
Oct 17, 2019

Unilever suffers dip in emerging markets sales growth
A slowdown in India and China put a brake on Unilever's quarterly sales growth, highlighting the challenges facing Chief Executive Alan Jope as he tries to boost the consumer goods giant's business in emerging markets.

Reuters Business
Oct 17, 2019

Big U.S. liquefied natgas players move fast, the small race to keep up
A gap is emerging in the U.S. liquefied natural gas (LNG) industry as big players such as Exxon Mobil Corp and Cheniere Energy Inc race ahead to build export terminals without new long-term contracts, while smaller developers struggle to find financing for their first plants.

Reuters Business
Oct 17, 2019

U.S. tariffs threaten livelihoods of Spain's olive-farming families
A double whammy of U.S. import tariffs kicking in on Friday and a recent steep drop in global olive oil prices is threatening the subsistence of thousands of families in southern Spain who fully depend on "liquid gold", as the oil is known here.

Reuters Business
Oct 17, 2019

Elliott pushes Japan's Unizo to accept $1.6 billion Blackstone bid
Unizo Holdings' top shareholder Elliott Management pushed the Japan hotel operator to accept a $1.6 billion tender offer from Blackstone Group , warning it would take "all available measures" if it fails to do its "fiduciary duty".

Reuters Business
Oct 17, 2019

China says it hopes to reach phased trade pact with U.S. as early as possible
China's commerce ministry said on Thursday that China hoped to reach a phased agreement with the United States over trade as early as possible, and make progress on canceling tariffs on each others' goods.

Reuters Business
Oct 17, 2019

'Not the best owners': UK's Domino's to exit foreign markets
Domino's Pizza Group Plc , Britain's biggest pizza delivery company, on Thursday said it would quit its loss-making international operations, sending shares higher in early trade.

Reuters Business
Oct 17, 2019

China says hopes to reach phased trade pact with U.S. as early as possible
The Chinese commerce ministry said on Thursday that China hoped to reach a phased agreement with the United States over trade as early as possible, and make progress on cancelling tariffs on each others' goods.

Reuters Business
Oct 17, 2019

Tesla gets approval to start manufacturing in China
Tesla Inc was added to a government list of approved automotive manufacturers, China's industry ministry said on Thursday, as it granted the electric-vehicle maker a certificate it needs to start production in the country.

Reuters Business
Oct 17, 2019

WH Smith to buy Marshall Retail for $400 million in U.S. push
British retailer WH Smith Plc said on Thursday it will buy Marshall Retail Group for about $400 million, betting that the American peer's network of stores at U.S. airports will help boost profits soured by turmoil on the British high street.

Reuters Business
Oct 17, 2019

In wake of Delta deal, Qatar Airways says could consider raising LATAM stake
Qatar Airways CEO Akbar al-Baker said his airline would consider lifting its 10% stake in LATAM Airlines Group SA if the opportunity came up - comments which come after Delta Air Lines Inc agreed last month to buy 20% of the Chilean carrier.

Reuters Business
Oct 17, 2019

Pernod Ricard mulls price hikes in U.S. post tariffs
The boss of Pernod Ricard said on Thursday that trade tariffs that will apply to single malt Scotch and Spanish wine from Oct. 18 will have a "significant" impact on Pernod Ricard in the United States.

Reuters Business
Oct 17, 2019

Ericsson earnings top forecast as 5G takes off
Telecoms equipment maker Ericsson beat quarterly core earnings expectations on Thursday and lifted its market forecast for this year and its sales target for 2020, saying demand for superfast 5G networks was taking off earlier than expected.

Reuters Business
Oct 17, 2019

Britain's Domino's Pizza to exit four international markets
Domino's Pizza Group Plc , Britain's biggest pizza delivery company, said on Thursday it will exit its international markets, where it has been facing mounting losses.

Reuters Business
Oct 17, 2019

Unizo top shareholder warns board to consider Blackstone offer
Unizo Holdings' top shareholder urged the hotelier on Thursday to consider "in good faith" Blackstone Group's proposed $1.6 billion tender offer, warning it would consider measures if the board fails to act in accordance with its duty.

Reuters Business
Oct 17, 2019

China grants Tesla car manufacturing certificate: industry ministry
China's industry ministry on Thursday said it has added Tesla Inc to a government list of approved automotive manufacturers, granting the manufacturing certificate that the electric vehicle maker needs to start production in the country.

Reuters Business
Oct 17, 2019

Unilever misses estimates as sales slow in China and India
Consumer goods giant Unilever reported weaker than expected third-quarter sales, citing softer demand in India and a slowdown in China, two of its biggest emerging markets.

Reuters Business
Oct 17, 2019

Sterling falters as Brexit deal hope fades, shares pause after five-day rally
Sterling faltered on fading hopes of a Brexit deal on Thursday, while a five-session rally in Asian stocks ran out of steam as weak U.S. retail sales fanned fears about the health of the world's biggest economy.

Reuters Business
Oct 17, 2019

Exclusive: WeWork owner creates committee to decide on financing lifeline
WeWork owner, The We Company, has formed a special board committee to consider proposals for a $5 billion financing lifeline from its largest shareholder SoftBank Group Corp and its main lender JPMorgan Chase & Co , four people familiar with the matter said on Wednesday.

Reuters Business
Oct 17, 2019

Factbox: Aluminum cans get boost from anger over plastic pollution
French food and drinks multinational Danone is the latest company shaking up the world's $19 billion bottled water industry by switching some of its plastic bottles, which pollute oceans, to aluminum cans.

Reuters Business
Oct 17, 2019

Plastic bottles vs. aluminum cans: who'll win the global water fight?
Global bottled water giants are ramping up trials of easily recyclable aluminum cans to replace plastic that pollutes the world's seas. Sound like a slam-dunk for the environment? Not entirely.

Reuters Business
Oct 17, 2019

Nestle revamps waters business as organic growth slows
Food group Nestle plans to return up to 20 billion Swiss francs ($20.13 billion) to shareholders over the next two years and is making changes to its struggling waters business after organic sales growth dipped to 3.7% in the third quarter from 3.9% in the previous quarter.

Reuters Business
Oct 17, 2019

Ericsson third-quarter tops forecast as strong 5G market boosts earnings
Telecoms equipment maker Ericsson reported quarterly core earnings well ahead of market expectations on Thursday and lifted its 2020 sales target citing a stronger 5G market and currency effects.

Reuters Business
Oct 17, 2019

'Panama Papers' law firm sues Netflix over film based on scandal
Mossack Fonseca, a Panamanian law firm at the center of the "Panama Papers" scandal, has filed a lawsuit against Netflix Inc over its new movie based on the case, accusing the video streaming company of defamation and seeking to stop the film's release.

Reuters Business
Oct 17, 2019

Qatar Airways says may convert orders for Boeing 777-8 jet to 777-9
Qatar Airways said it may convert its 10 orders for the Boeing Co ultra-long-range 777-8 widebody jet to the larger 777-9, depending on the performance of the 777-9.

Reuters Business
Oct 17, 2019

As 'Cannabis 2.0' kicks off in Canada, industry strangled by limited retail outlets
A year after Canada legalized use of recreational marijuana cannabis stocks have lost half their market value, and investors betting that the launch of higher-margin pot-infused drinks and other products will quickly lift shares may be in for a bumpy ride.

Reuters Business
Oct 16, 2019

Oil prices fall on signs of large U.S. stock build
Oil prices eased on Thursday after industry data showed a larger-than-expected build-up in stocks in the United States, although losses were limited by comments by U.S. Treasury Secretary Steven Mnuchin on a U.S.-China trade deal.

Reuters Business
Oct 16, 2019

Barneys enters deal to sell assets to Authentic Brands, B. Riley for $271 million cash
U.S. luxury department-store chain Barneys New York Inc has reached an agreement to sell its assets to brand developer Authentic Brands Group and investment bank B. Riley Financial Inc , according to a filing on Wednesday.

Reuters Business
Oct 16, 2019

South Korean court upholds 45-day ban on Asiana's San Francisco flights
South Korea's Supreme Court on Thursday upheld a government decision to suspend Asiana Airlines' Incheon-San Francisco route for 45 days, adding to the debt-ridden carrier's headaches as it battles rising competition and falling demand.

Reuters Business
Oct 16, 2019

Asian shares pause after five-day rally, Brexit in focus
Asian stocks barely moved on Thursday as soft U.S. retail sales data raised fears about the health of the world's largest economy, sucking the steam out of a five-session rally, while hopes of a Brexit deal kept sterling volatile.

Reuters Business
Oct 16, 2019

Drug firms offer to settle U.S. opioid suits with $50 billion package: sources
Five drugmakers and distributors are offering $22 billion in cash as well as drugs and services they value at $28 billion to resolve lawsuits alleging the industry fueled the U.S. opioid crisis, two sources familiar with the matter said on Wednesday.

Reuters Business
Oct 16, 2019

Exclusive: WeWork owner creates committee to decide on financing lifeline - sources
WeWork owner, The We Company, has formed a special board committee to consider proposals for a $5 billion financing lifeline from its largest shareholder SoftBank Group Corp and its main lender JPMorgan Chase & Co , four people familiar with the matter said on Wednesday.

Reuters Business
Oct 16, 2019

South Korea's top court upholds suspension of Asiana Airlines' San Francisco route for 45 days
South Korea's Supreme Court on Thursday upheld a government decision to suspend Asiana Airlines' Incheon- San Francisco route for 45 days.

Reuters Business
Oct 16, 2019

Citigroup names Peter Babej as Asia Pacific chief executive: memo
Citigroup Inc has named Peter Babej, the U.S. bank's global head of financial institutions group, as its new Asia Pacific chief executive officer, according to an internal memo seen by Reuters on Thursday.

Reuters Business
Oct 16, 2019

Boston pension votes to fire money manager Fisher, withdrawals surge toward $1 billion
The City of Boston's retirement board on Wednesday voted unanimously to end its relationship with money manager Kenneth Fisher, whose firm has lost almost $1 billion in assets after allegations he made disparaging remarks about women last week.

Reuters Business
Oct 16, 2019

Global shares lose steam on weak U.S. retail sales, Brexit in focus
Global stocks barely moved on Thursday as soft U.S. retail sales data raised concerns about the health of the world's largest economy and risk of global recession, while sterling was volatile as negotiations on a Brexit deal continued.

Reuters Business
Oct 16, 2019

Drug firms offer to settle U.S. opioid suits with $50 billion package - sources
Five drugmakers and distributors are offering $22 billion in cash as well as drugs and services they value at $28 billion to resolve lawsuits alleging the industry helped fuel the U.S. opioid crisis, two sources familiar with the matter told Reuters on Wednesday.

Reuters Business
Oct 16, 2019

SEC freezes assets of 18 traders over alleged manipulation
U.S. authorities said on Wednesday it has obtained an asset freeze against 18 traders, who are primarily China-based, over an international market manipulation scheme that has reaped more than $31 million in illicit profits over several years.

Reuters Business
Oct 16, 2019

U.S., Chinese teams working on Phase 1 trade deal text: Mnuchin
U.S. and Chinese trade negotiators are working on nailing down a Phase 1 trade deal text for their presidents to sign next month, U.S. Treasury Secretary Steven Mnuchin said on Wednesday, adding that he was prepared to travel to Beijing for more meetings if necessary.

Reuters Business
Oct 16, 2019

Southeast Asia's mobile payments face shakeout as market booms
Just next to Ho Chi Minh City's financial district, two dozen street vendors' stalls display colorful adverts for e-wallets backed by private equity firm Warburg Pincus, ride-hailing firm Grab and Singapore sovereign wealth fund GIC, among others.

Reuters Business
Oct 16, 2019

Mexican billionaire Slim vows to invest in Mexico, touting economic prospects
Mexican billionaire Carlos Slim said on Wednesday that he expects to invest up to $5 billion in Mexican infrastructure during the current administration as he delivered a full-throated endorsement of the economy despite investor jitters.

Reuters Business
Oct 16, 2019

IBM revenue misses on weakness in its biggest unit; shares fall 5%
International Business Machines Corp missed Wall Street estimates for quarterly revenue on Wednesday, as its global technology services unit was hit by weakness in some European markets, sending its shares down 5% in extended trading.

Reuters Business
Oct 16, 2019

Still work to do on China trade deal, Mnuchin says
U.S. and Chinese trade negotiators still have work to do on a "phase one" trade agreement ahead of a targeted signing by U.S. President Donald Trump and Chinese President Xi Jinping next month, U.S. Treasury Secretary Steven Mnuchin said on Wednesday.

Reuters Business
Oct 16, 2019

U.S. SEC freezes assets of 18 traders over alleged manipulation
The U.S. Securities and Exchange Commission said on Wednesday it has obtained an asset freeze against 18 traders over a market-manipulation scheme through which they reaped over $31 million in illicit profits.

Reuters Business
Oct 16, 2019

Oil rises on hopes OPEC will extend supply cuts, weaker U.S. dollar
Oil rose on Wednesday, gaining support due to signs that OPEC and allied producers will continue to curb supplies in December, a weaker U.S. dollar and as traders covered short positions ahead of an industry report on U.S. crude inventories.

Reuters Business
Oct 16, 2019

IBM quarterly revenue misses, shares fall
International Business Machines Corp missed analysts' estimates for third-quarter revenue on Wednesday, overshadowing a profit beat and sending its shares down 3% in extended trading.

Reuters Business
Oct 16, 2019

SEC freezes assets of 18 China-based traders over manipulation
The U.S. Securities and Exchange Commission said on Wednesday that it has obtained an asset freeze against 18 China-based traders over a market-manipulation scheme.

Reuters Business
Oct 16, 2019

Netflix shares jump as subscribers grow ahead of Disney, Apple attack
Netflix Inc added slightly more paying subscribers than Wall Street expected in the third quarter but issued a soft forecast on Wednesday as it faces new competition from Walt Disney Co and other big companies in the streaming video wars.

Reuters Business
Oct 16, 2019

Netflix adds more-than-expected subscribers in third quarter
Netflix Inc added more-than-expected paid subscribers in the third quarter, boosted by the launch of new seasons of "Stranger Things" and "13 Reasons Why", sending its shares up 5% in trading after the bell.

Reuters Business
Oct 16, 2019

Wall Street slips as weak economic data offsets earnings strength
Wall Street lost ground on Wednesday as weak U.S. economic data and simmering geopolitical tensions spooked buyers away from the equities market, despite a string of generally positive third-quarter earnings reports.

Reuters Business
Oct 16, 2019

Teva to donate over $15 billion worth of drugs in opioid settlement: source
Teva Pharmaceuticals is in talks to contribute over $15 billion worth of drugs as part of a settlement to resolve lawsuits alleging it helped fuel the U.S. opioid crisis, a source familiar with the matter told Reuters on Wednesday.

Reuters Business
Oct 16, 2019

Air Canada drops 737 MAX from flight schedule until February 14
Air Canada said on Wednesday it had removed Boeing Co's 737 MAX planes from flight schedules until Feb. 14, citing uncertainty around the aircraft's return to service.

Reuters Business
Oct 16, 2019

Oil rises 1% on hopes OPEC will extend supply cuts, weaker U.S. dollar
Oil rose about 1.4% on Wednesday, gaining support due to signs that OPEC and allied producers will continue to curb supplies in December, a weaker U.S. dollar and as traders covered short positions ahead of an industry report on U.S. crude inventories.

Reuters Business
Oct 16, 2019

UAW, GM leaders have a deal to end strike, now workers will decide
General Motors Co and the United Auto Workers union reached a tentative deal on Wednesday for a new four-year labor deal, moving closer to ending a costly month-long strike that shut down GM's most profitable factories in a test of wills over the future of U.S. auto industry jobs.

Reuters Business
Oct 16, 2019

Weak U.S. retail sales cast shadow over slowing economy
U.S. retail sales fell for the first time in seven months in September, suggesting that manufacturing-led weakness could be spreading to the broader economy, keeping the door open for the Federal Reserve to cut interest rates again later this month.

Reuters Business
Oct 16, 2019

S&P 500 dips as economic data, trade worries offset upbeat earnings
The benchmark S&P 500 stock index edged lower on Wednesday as weak U.S. economic data and simmering geopolitical tensions spooked buyers away from the equities market, despite a string of generally positive third-quarter corporate earnings reports.

Reuters Business
Oct 16, 2019

Fiat Chrysler faces $79 million U.S. penalty for fuel economy shortfall
Fiat Chrysler Automobiles NV faces a $79 million U.S. civil penalty for failing to meet 2017 fuel economy requirements, the automaker confirmed Wednesday.

Reuters Business
Oct 16, 2019

Boeing CEO says 'fully supportive' of board's move to split jobs: memo
Boeing Co Chief Executive Dennis Muilenburg told employees he was "fully supportive" of the board's decision to split his chairman and CEO roles, allowing him to focus on running the world's largest planemaker, according to a memo seen by Reuters on Wednesday.

Reuters Business
Oct 16, 2019

Let's do it together: Huawei seeks to allay EU concerns with appeal for 5G partnership
Chinese telecoms manufacturer Huawei Technologies [HWT.UL] sought on Wednesday to assuage European concerns that it is a cyber security risk, saying it wants to help make the continent a world leader in next generation mobile networks.

Reuters Business
Oct 16, 2019

FCC approves merger of T-Mobile, Sprint on vote split on party lines: sources
T-Mobile US Inc's proposed $26.5 billion tie-up with Sprint Corp won formal approval from the Federal Communications Commission on Wednesday in a vote split along party lines, two sources told Reuters.

Reuters Business
Oct 16, 2019

Stocks flat on data, earnings; pound volatile
A gauge of world stock markets was flat on Wednesday as U.S. data that raised concerns about a slowing economy was offset by a solid start to earnings season, while sterling was volatile as negotiations on a Brexit deal continued.

Reuters Business
Oct 16, 2019

UAW, GM leaders have a deal, now workers will decide
General Motors Co and the United Auto Workers union reached a tentative deal on Wednesday for a new four-year labor deal, moving closer to ending a costly month-long strike that shut down GM's most profitable factories in a test of wills over the future of U.S. auto industry jobs.

Reuters Business
Oct 16, 2019

Boeing CEO says 'fully supportive' of board's decision to split jobs: letter
Boeing Co Chief Executive Dennis Muilenburg told employees in a memo seen by Reuters on Wednesday that he was "fully supportive" of the board's decision to split his chairman and CEO roles, allowing him to focus on running the world's largest planemaker.

Reuters Business
Oct 16, 2019

Oil rises 1.4% on hopes OPEC will extend supply cuts, weaker U.S. dollar
Oil rose about 1.4% on Wednesday, gaining support due to signs that OPEC and allied producers will continue to curb supplies in December, a weaker U.S. dollar and as traders covered short positions ahead of an industry report on U.S. crude inventories.

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