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Reuters Business
Jan 25, 2020

Owners of solar company that caused loss for Buffett plead guilty over Ponzi scheme
The husband-and-wife owners of DC Solar, a California solar company that caused Warren Buffett's Berkshire Hathaway Inc to take a $377 million charge last year, pleaded guilty on Friday to involvement in an estimated $912 million Ponzi scheme.

Reuters Business
Jan 25, 2020

Starbucks shuts shops, suspends delivery in China's Hubei amid virus outbreak
Starbucks has closed all shops and suspended delivery services in China's Hubei province for the week-long Lunar New Year holiday, where a coronavirus outbreak originated from its capital Wuhan has caused 41 deaths in China.

Reuters Business
Jan 24, 2020

Trump speaks with British PM Johnson about telecoms security: White House
U.S. President Donald Trump on Friday discussed the security of telecommunications networks with British Prime Minister Boris Johnson, the White House said, as Britain nears a decision on Huawei's role in the country's future 5G network.

Reuters Business
Jan 24, 2020

Trump speaks with British PM Johnson about telecoms security -White House
U.S. President Donald Trump on Friday discussed the security of telecommunications networks with British Prime Minister Boris Johnson, the White House said, as Britain nears a decision on Huawei's role in the country's future 5G network.

Reuters Business
Jan 24, 2020

Fiat Chrysler asks U.S. court to toss out GM racketeering claims: filing
Fiat Chrysler Automobiles NV late on Friday urged a U.S. District Court to throw out General Motors Co's suit accusing Fiat Chrysler of racketeering and bribing officials of the United Auto Workers union to put GM at a multi-billion dollar labor cost disadvantage.

Reuters Business
Jan 24, 2020

Former top U.S. general Dunford joining Lockheed Martin's board
The former top U.S. military official, General Joseph Dunford, has been elected to the board of Lockheed Martin Corp , the Pentagon's largest weapons supplier, the company said on Friday.

Reuters Business
Jan 24, 2020

Impossible or Beyond: U.S. restaurants find partners to go vegan
The world's largest burger chain McDonald's Corp said this month that it would expand its test of a plant-based meat product with Beyond Meat patties in Canada, and other chains also are looking to serve vegan customers.

Reuters Business
Jan 24, 2020

Habit Burger Grill plans to offer Impossible plant-based patty
The Habit Restaurants Inc , known as the Habit Burger Grill, plans to put a plant-based meat patty from Impossible Foods Inc on its menu in the second half of this year as a limited-time offering.

Reuters Business
Jan 24, 2020

Boeing delays 777X first flight again due to bad weather
Boeing has postponed again the first flight of its 777X long-haul jetliner that was scheduled to take place on Friday due to inclement weather.

Reuters Business
Jan 24, 2020

FAA tells U.S. airlines it could approve MAX return to service before mid-year -sources
Federal Aviation Administrator Steve Dickson has called senior U.S. airline officials Friday and told them that the agency could approve the grounded Boeing 737 MAX's return to service before mid-year, people briefed on the calls said Friday.

Reuters Business
Jan 24, 2020

Brent logs worst weekly loss in a year as China virus fears swell
Crude prices sank more than 2% on Friday and Brent logged its biggest weekly decline in more than a year as concerns that a coronavirus will spread farther in China, the world's second-largest oil consumer, curbing travel and oil demand.

Reuters Business
Jan 24, 2020

China virus fears spook U.S. shares, oil prices
U.S. shares and crude prices fell sharply on Friday as investors moved into safe-haven assets amid concerns that a spreading virus from China would curb travel and hurt economic demand.

Reuters Business
Jan 24, 2020

The S&P 500 has worst day since October as virus fears mount
Wall Street fell in a broad sell-off on Friday, as investors fled equities on growing concerns over the scope of the coronavirus outbreak, capping the S&P 500's worst week in six months.

Reuters Business
Jan 24, 2020

U.S. Justice Dept. plans to hold meeting to discuss tech industry liability: sources
The U.S. Justice Department is planning to hold a conference to discuss the future of a federal law which largely exempts online platforms from legal liability for the material their users post, sources familiar with the plans said on Friday.

Reuters Business
Jan 24, 2020

Explainer: Bezos allegations put phone hacking technology in the spotlight
Allegations that Amazon.com boss and Washington Post owner Jeff Bezos had his phone hacked by Saudi Crown Prince Mohammed bin Salman have put a spotlight on the security of smartphones and the secretive tools used to hack them.

Reuters Business
Jan 24, 2020

Dollar dips vs yen as investors reach for safe havens on virus scare
The U.S. dollar slipped against the safe-haven Japanese yen on Friday as investors fretted over concerns that a spreading virus from China would curb travel and hurt economic demand.

Reuters Business
Jan 24, 2020

U.S. Justice Department plans to hold meeting to discuss tech industry liability: sources
The U.S. Justice Department is planning to hold a conference to discuss the future of a current federal law which largely exempts online platforms from legal liability for the material their users post, sources familiar with the plans said on Friday.

Reuters Business
Jan 24, 2020

U.S. bank regulator sharpens teeth on Wells Fargo, surprising critics
Long accused of being too soft, a U.S. bank regulator has surprised its critics with tough treatment of scandal-ridden lender Wells Fargo , culminating on Thursday in more than$58 million in fines against eight former executives at the bank.

Reuters Business
Jan 24, 2020

Remaining hurdles for scandal-hit Wells Fargo
Wells Fargo & Co and its officials have racked up well over $4 billion (3 billion pounds) in penalties since a sales practices scandal erupted in 2016, and continues to face headwinds.

Reuters Business
Jan 24, 2020

Oil drops more than 2%, approaches weekly loss on China virus fears
Crude prices fell more than 2% on Friday and headed for a steep weekly decline over concerns that the coronavirus will spread farther in China, the world's second-largest oil consumer, curbing travel and oil demand.

Reuters Business
Jan 24, 2020

FAA administrator to tell U.S. airlines MAX approval could come before mid-year
Federal Aviation Administrator Steve Dickson is calling senior U.S. airline officials Friday to tell them that the agency could approve the grounded Boeing 737 MAX's return to service before mid-year, a government official said Friday.

Reuters Business
Jan 24, 2020

Wall Street set for weekly loss on gathering virus fears
Wall Street lost ground on Friday as mounting worries over the scope of the coronavirus outbreak overshadowed positive corporate earnings.

Reuters Business
Jan 24, 2020

U.S. shares, oil prices slump as China virus fears spread
U.S. shares and crude prices dropped on Friday and 10-year U.S. treasury yields fell to their lowest point in about three months amid concerns that a spreading virus from China would curb travel and hurt economic demand.

Reuters Business
Jan 24, 2020

New U.S. curb on Huawei in limbo amid pushback from Pentagon: sources
The U.S. Commerce Department has withdrawn a rule aimed at further reducing sales to China's Huawei Technologies amid concerns from the Defense Department that the move would harm U.S. businesses, people familiar with the matter said.

Reuters Business
Jan 24, 2020

Four-comma club: Predicting the next company to join trillion-dollar value elite
The trillion-dollar market cap club expanded last week to a third U.S. company, with Google parent Alphabet Inc topping the lofty valuation mark. Adding the next member, however, is likely to take a while.

Reuters Business
Jan 24, 2020

U.S. senator slams Tesla's 'misleading' name for Autopilot driver assistance system
A U.S. senator on Friday urged Tesla Inc to rebrand its driver assistance system Autopilot, saying it has "an inherently misleading name" and is subject to potentially dangerous misuse.

Reuters Business
Jan 24, 2020

Boeing weighing new 787 Dreamliner production cut: sources
Boeing Co is weighing another production cut of its 787 Dreamliner, but may not have to take that step depending on the size and timing of orders from China stemming from a recent U.S. trade agreement, people briefed on the matter said Friday.

Reuters Business
Jan 24, 2020

Intel's blockbuster results lift shares to dotcom peak, fire up sector
Intel Corp's shares hit their highest in nearly two decades on Friday after cloud computing demand fired up the chipmaker's data center business and allayed concerns of market share loss to rival AMD, lifting stocks across the sector.

Reuters Business
Jan 24, 2020

Oil drops more than 2%, heads for weekly loss on China virus fears
Crude prices fell more than 2% on Friday, heading toward $60 a barrel and a steep weekly decline over concerns that the coronavirus in the world's second-largest oil consumer China will spread farther, curbing travel and oil demand.

Reuters Business
Jan 24, 2020

Wall Street slides on coronavirus fears, Intel limits losses
U.S. stocks fell on Friday amid renewed concerns over the spreading of a coronavirus outbreak from China, offsetting strong gains for Intel.

Reuters Business
Jan 24, 2020

Bombardier scrambles to craft rail merger with Alstom, Hitachi: sources
Bombardier has approached France's Alstom and Japan's Hitachi to find a merger partner for its rail business as it struggles to contain costs that have eaten into margins, sources told Reuters.

Reuters Business
Jan 24, 2020

Wall Street Week Ahead: Hopes are high for tech stock 'Cadillacs'; so are their prices
Wall Street is betting that the most popular U.S. technology and internet stocks can keep outshining the broader equities market but their latest rally leaves little room for error this earnings season.

Reuters Business
Jan 24, 2020

Walmart testing higher minimum wage for some employees
Walmart Inc is testing a higher starting wage for certain newly created jobs in about 500 U.S. stores, as it looks to improve in-store experience for customers amid intense competition.

Reuters Business
Jan 24, 2020

Nestle teams up with Canadian plant-based ingredient makers
Food group Nestle SA said on Friday it has teamed up with small Canadian plant-based food ingredient makers Burcon and Merit Functional Foods, the second such supply agreement this month that targets Canadian crops.

Reuters Business
Jan 24, 2020

New Huawei restriction in limbo after Pentagon disagrees with Commerce approach
The U.S. Commerce Department has put on hold a rule aimed at further reducing sales to China's Huawei Technologies amid pushback from the Defense Department, people familiar with the matter said.

Reuters Business
Jan 24, 2020

Tesla touts safeguards as senator urges company to rebrand 'Autopilot'
Tesla Inc touted safeguards to its driver assistance system "Autopilot" after a Democratic U.S. senator on Friday urged the automaker to rebrand the system because it has "an inherently misleading name."

Reuters Business
Jan 24, 2020

Brazil investors pour record $5.4 billion into domestic equity funds: BAML
Brazilian investors are pouring a record amount of cash into local equity funds, while foreign investors notched up their sixth straight week of buying, Bank of America Merrill Lynch said on Friday.

Reuters Business
Jan 24, 2020

Wall Street bogged down by China virus fears, Intel limits losses
Wall Street came under pressure on Friday as investors sold energy, financial and healthcare stocks on mounting fears over the coronavirus outbreak in China, while strong gains for chipmaker Intel limited losses on the main indexes.

Reuters Business
Jan 24, 2020

U.S. Treasury Secretary Mnuchin expects next China trade talks in 'near future'
U.S. Treasury Secretary Steven Mnuchin said on Friday that he expects to begin negotiations with China on a so-called Phase 2 trade deal soon, with Washington and Beijing on the same page.

Reuters Business
Jan 24, 2020

Dollar rises vs euro as European PMI data fails to impress
The dollar rose to a near eight-week high against the euro on Friday as lukewarm European PMI data added to the broader market conviction that European central bank policymakers will maintain a loose monetary policy for the near future.

Reuters Business
Jan 24, 2020

Positive eurozone data pushes global equity markets higher
Global equity markets rebounded on Friday, with the U.S. Nasdaq Composite Index hitting a record high, as investors took in positive economic data from Europe and worried less about the potential economic toll of the coronavirus outbreak in China.

Reuters Business
Jan 24, 2020

Oil falls below $61, heads for weekly loss on China virus concerns
Oil extended losses on Friday to trade below $61 a barrel, heading for a weekly decline as concern that the coronavirus in China may spread, curbing travel and oil demand, outweighed the impact of cuts to supply.

Reuters Business
Jan 24, 2020

Take Five: When China sneezes
Wuhan in central China is the size of London. But these days, flights to and from the city are canceled, highways are shut and soldiers guard the railway station, as China tries to quarantine the center of a virus outbreak that had by Friday killed 26 people and infected hundreds globally. That's actually reassuring when compared to the secretive handling of the 2003 SARS epidemic. And the World Health Organisation says while this is "an emergency in China", it's not of international concern yet

Reuters Business
Jan 24, 2020

Italy watchdog threatens Facebook with another fine over improper use of data
Italy's competition watchdog said on Friday it has launched proceedings against Facebook for non-compliance with a request to correct improper commercial practices in the group's treatment of user data.

Reuters Business
Jan 24, 2020

Intel's cloud growth lifts shares, fires up other chipmakers
Intel Corp's shares rose 5% on Friday after demand from data centers fired up the chipmaker's cloud business and allayed concerns of market share loss to rival AMD , lifting shares across the sector.

Reuters Business
Jan 24, 2020

Financier doubts add to Boeing's MAX headaches
To restore faith in the 737 MAX, Boeing needs to prove its flagship jet is not just airworthy but also a safe investment.

Reuters Business
Jan 24, 2020

Bytedance's TikTok hires Microsoft IP chief as general counsel
Popular mobile video app TikTok said on Friday it has hired attorney Erich Andersen from Microsoft to serve as the company's global general counsel, reporting to president Alex Zhu.

Reuters Business
Jan 24, 2020

JPMorgan hires senior tech executive from Goldman Sachs: memo
JPMorgan Chase & Co has hired senior banking technology executive Gavin Leo-Rhynie as head of engineering and architecture for the corporate and investment bank (CIB), according to a memo seen by Reuters.

Reuters Business
Jan 24, 2020

Futures rise on gains in Intel, coronavirus fears linger
U.S. stock index futures edged higher on Friday, as a strong forecast from chipmaker Intel and encouraging business activity data out of Europe lifted the mood as investors tracked latest developments related to the coronavirus outbreak.

Reuters Business
Jan 24, 2020

Lebanon and Japan have 40 days to agree on Ghosn's fate: sources
Lebanon and Japan have about 40 days to decide whether ousted Nissan boss Carlos Ghosn will be extradited to Japan or stand trial in Lebanon, a judicial source and a source close to Ghosn said on Thursday, following his escape from Japan last month.

Reuters Business
Jan 24, 2020

BlackRock, Franklin Templeton eye partnership with Banco do Brasil's asset management unit: report
Asset managers BlackRock Inc., Franklin Templeton and Principal Financial Group are vying for a partnership with state-controlled lender Banco do Brasil's asset management unit, a Brazilian newspaper reported on Friday.

Reuters Business
Jan 24, 2020

Exclusive: U.S. pushing India to buy $5-6 billion more farm goods to seal trade deal - sources
The United States wants India to buy at least another $5-6 billion worth of American farm goods if New Delhi wants to win reinstatement of a key U.S. trade concession and seal a wider pact, four sources familiar with the talks told Reuters.

Reuters Business
Jan 24, 2020

European stocks climb as economic data fuels growth hopes
European shares on Friday were set to post their first daily gain this week on signs of a recovery ahead for growth, with easing worries over the coronavirus outbreak in China also emboldening investors.

Reuters Business
Jan 24, 2020

AmEx profit beats on strong U.S. holiday season spending
Credit card issuer American Express Co reported a fourth-quarter profit on Friday that beat analysts' estimates, as more people used its cards for shopping and paying bills while a strong U.S. retail sales environment also helped.

Reuters Business
Jan 24, 2020

Sale of Renk, MAN Energy Solutions depends on buyer: Volkswagen labor chief
Workers' approval of a possible divestment of Volkswagen's transmissions making unit Renk and MAN Energy Solutions depends on who the new owner will be, the carmaker's labor chief said on Friday.

Reuters Business
Jan 24, 2020

Bayer faces fourth U.S. Roundup cancer trial in Monsanto's hometown
Bayer AG is set to face a fourth U.S. jury trial over allegations that its Roundup weed killer causes cancer, with four cancer patients in the hometown of its agricultural subsidiary Monsanto scheduled to begin making their case on Friday.

Reuters Business
Jan 24, 2020

Bargain hunters fire up rally in cannabis stocks
Some cannabis stocks are seeing their prices surge as investors hunt for winners in the ashes of an industry shakeout that hammered share prices last year.

Reuters Business
Jan 24, 2020

Euro tumbles to seven-week lows as PMI data fails to excite FX bulls
The euro weakened to a seven-week low on Friday as lacklustre PMI data added to the broader market conviction that European central bank policymakers will maintain a loose monetary policy for the near future.

Reuters Business
Jan 24, 2020

Oil falls below $62, heads for weekly loss on China virus concerns
Oil slipped below $62 a barrel on Friday and was heading for a weekly decline as concern that a virus in China may spread, curbing travel and oil demand, overshadowed supply cuts.

Reuters Business
Jan 24, 2020

SoftBank-backed CloudMinds slashes workforce amid cash burn: sources
SoftBank-backed cloud robotics and artificial intelligence startup CloudMinds is slashing its workforce as it burns through cash after repeated attempts to list on the stock market, three people familiar with the matter said.

Reuters Business
Jan 24, 2020

Ericsson hit by higher 5G costs and weaker U.S. market
Sweden's Ericsson reported a smaller-than-expected rise in fourth-quarter core earnings on Friday and said higher costs would spill over into 2020 as the telecoms equipment maker looks to exploit its leading position in super-fast 5G networks.

Reuters Business
Jan 24, 2020

European stocks shrug off coronavirus fears
European shares on Friday shrugged off worries over the coronavirus outbreak after the World Health Organisation designated it an emergency for China but not yet for the rest of the world.

Reuters Business
Jan 24, 2020

Bayer Shares up 2.3% on report about possible glyphosate settlement
Shares in seeds and pesticides maker Bayer opened 2.3% higher on Friday, driven by a report on a possible out-of-court settlement of a U.S. jury trial over allegations that its weed killer Roundup causes cancer.

Reuters Business
Jan 24, 2020

Euro near seven-week lows before PMI data release
The euro held near seven-week lows on Friday after the European Central Bank struck a more dovish tone at Thursday's meeting than some had expected.

Reuters Business
Jan 24, 2020

Italy watchdog launches non-compliance proceedings against Facebook
Italy's competition watchdog has launched proceedings against Facebook for non-compliance with a previous request it had made regarding improper commercial practices in the group's treatment of user data, the agency said on Friday.

Reuters Business
Jan 24, 2020

Oil rises, but potential impact of China virus on fuel demand haunts market
Oil prices climbed on Friday, following a drawdown in U.S. crude stocks, but were set to fall heavily for the week amid worries that a new coronavirus in China that has killed 25 so far may spread, curbing travel, fuel demand and economic prospects.

Reuters Business
Jan 24, 2020

Nestle teams up with Canadian plant-based ingredients makers
Food group Nestle has teamed up with Canadian plant-based food ingredient makers Burcon and Merit to speed up innovation in the fast-growing business segment, it said on Friday.

Reuters Business
Jan 24, 2020

Stocks hold steady but virus anxiety lingers as millions travel for Lunar New Year break
Asian shares steadied on Friday in holiday-thinned trade for the Lunar New Year, despite fears that a new coronavirus from China could spread rapidly as millions of people travel over the week-long break.

Reuters Business
Jan 24, 2020

Ericsson fourth-quarter core profit hit by slowdown in U.S. business, higher costs
Swedish telecoms equipment group Ericsson reported a smaller than expected rise in fourth-quarter core earnings on Friday and said the quarter, seasonally its best, had nevertheless been hit by a slowdown in its previously surging U.S. business and higher costs.

Reuters Business
Jan 24, 2020

Bayer faces fourth U.S. Roundup cancer trial in Monsanto home court
Bayer AG is set to face a fourth U.S. jury trial over allegations that its popular weed killer Roundup causes cancer, with four cancer patients in the hometown of its agricultural subsidiary Monsanto scheduled to make their case beginning on Friday.

Reuters Business
Jan 24, 2020

Shares in Bayer up 6.3% in premarket on report about possible glyphosate settlement
Shares in Bayer were up 6.3% in premarket trade at broker Lang & Schwarz on Friday, driven by a report on a possible out of court settlement of a U.S. jury trial over allegations that its weed killer Roundup causes cancer.

Reuters Business
Jan 24, 2020

Oil rebounds, but markets 'twitchy' over China virus impact on demand
Oil prices edged up on Friday, helped by a decline in U.S. crude stockpiles, but were on track for to fall up to 5% for the week on worries that the China coronavirus that has killed 25 so far may spread, curbing travel, fuel demand and economic prospects.

Reuters Business
Jan 23, 2020

Shares hold ground as China virus fears persist; euro hits seven-week low after ECB
Asian shares held their ground on Friday as trade slowed for the Lunar New Year, despite investors fears that a new coronavirus in China could spread faster as millions of people would be traveling over the week-long holiday.

Reuters Business
Jan 23, 2020

Euro near seven-week low after ECB; China virus worries linger
The euro hovered near a seven-week low against the dollar on Friday after the European Central Bank was seen as more cautious than expected, while anxiety over China's coronavirus outbreak propped up the safe-haven yen.

Reuters Business
Jan 23, 2020

Oil steadies, but concern over spreading China virus weighs
Oil prices were steady on Friday, but on track for a fall of up to 5% for the week on growing concern that fuel demand will weaken as the spread of a respiratory virus from China that has killed 25 so far dents travel and darkens the economic outlook.

Reuters Business
Jan 23, 2020

Euro near seven-week low after ECB; virus fears support yen
The euro hovered near a seven-week low against the dollar on Friday after the European Central Bank was seen as more dovish than expected, while anxiety over China's coronavirus outbreak propped up the safe-haven yen.

Reuters Business
Jan 23, 2020

U.S. to unveil crackdown on counterfeit, pirated e-commerce goods
The Trump administration plans to unveil efforts on Friday to crack down on counterfeit and pirated goods sold on major e-commerce sites and urge companies to do more to vet third-party sellers and increase self-policing efforts.

Reuters Business
Jan 23, 2020

Global stocks steady as caution on China virus continues; euro hits seven-week low after ECB
Stocks made a barely positive start in early Asian trade on Friday after the world's health body called it a little too early to declare a coronavirus outbreak a global emergency.

Reuters Business
Jan 23, 2020

Westpac economists now see RBA delaying rate cut to April
Analysts at Westpac Banking Corp now expect the Reserve Bank of Australia (RBA) will cut interest rates in April, rather than February, following a second month of surprisingly upbeat jobs data.

Reuters Business
Jan 23, 2020

Intel signals 2020 will be a turnaround year for chip industry leader
Intel Corp on Thursday cemented the market view that the chip industry is turning around after a prolonged slowdown, forecasting better 2020 revenue and profit than Wall Street anticipated, driven by cloud computing demand.

Reuters Business
Jan 23, 2020

Trump announces adjustments to tariff quotas for washing machines
U.S. President Donald Trump announced on Thursday that tariff quotas on washing machines would be allocated on a quarterly rather than an annual basis, saying that domestic producers had begun to do better in the face of foreign competitors but more was left to be done.

Reuters Business
Jan 23, 2020

Boeing reschedules 777X plane's first test flight for Friday
Boeing Co said its 777X aircraft's first test flight would take place on Friday after bad weather delayed its scheduled takeoff on Thursday.

Reuters Business
Jan 23, 2020

Exclusive: Trump to sign USMCA trade deal Wednesday at the White House - source
U.S. President Donald Trump will sign a trade pact agreed between the United States, Mexico and Canada on Wednesday during a ceremony at the White House, an administration official told Reuters on Thursday.

Reuters Business
Jan 23, 2020

Trump announces adjustments to washer tariff quotas: proclamation
U.S. President Donald Trump announced on Thursday adjustments to tariff-rate quotas (TRQ) on large residential washers, saying that domestic producers had begun to do better in the face of foreign competitors but more was left to be done.

Reuters Business
Jan 23, 2020

U.S. bank regulator charges ex-Wells Fargo executives for role in sales scandal
Wells Fargo & Co's U.S. regulator on Thursday announced it had banned former Chief Executive John Stumpf from the banking industry and charged him and seven other former executives combined more than $58 million in civil penalties for their roles in the bank's multi-year sales practices scandal.

Reuters Business
Jan 23, 2020

JPMorgan board raises CEO Dimon's pay to $31.5 million
JPMorgan Chase & Co Chief Executive Officer Jamie Dimon got a half-million-dollar raise for 2019, bringing his total compensation for the year to $31.5 million, the company said in a filing on Thursday.

Reuters Business
Jan 23, 2020

Intel sees 2020 revenue above estimates as chip demand recovers
Intel Corp on Thursday cemented the market view that a prolonged slowdown in the chip industry is starting to lift after forecasting full-year revenue and profit above analysts' estimates driven by cloud computing demand.

Reuters Business
Jan 23, 2020

Italy tax police search offices of Eni managers in obstruction probe: sources
Italian tax police searched the Milan offices of three managers at Eni on Thursday to widen an investigation into suspected obstruction of justice by officials at the Italian oil group, two sources said.

Reuters Business
Jan 23, 2020

Airlines scour the world for scarce 737 MAX simulators
(This January 21 story corrects reference to Copa being the only Latin American airline with a 737 MAX simulator, clarifies 245 refers to 737 MAX pilots not total pilots in paragraph 20)

Reuters Business
Jan 23, 2020

Insys founder Kapoor sentenced to 66 months in prison for opioid scheme
John Kapoor, the founder of Insys Therapeutics Inc , on Thursday was sentenced to 66 months in prison for his role in a bribery and fraud scheme that contributed to the U.S. opioid crisis.

Reuters Business
Jan 23, 2020

Broadcom to supply wireless components to Apple
Chipmaker Broadcom Inc said on Thursday it has entered into two multi-year agreements with Apple Inc for the supply of wireless components used in its products.

Reuters Business
Jan 23, 2020

S&P 500 gains, Nasdaq hits new high as investors eye earnings, coronavirus
The S&P 500 ended slightly higher and the Nasdaq eked out a record closing high on Thursday, helped by a jump in Netflix, while news about the coronavirus outbreak spreading from China and mixed earnings results kept a lid on the market.

Reuters Business
Jan 23, 2020

Intel forecasts 2020 revenue above estimates, shares rise 7%
Intel Corp forecast full-year revenue above analysts' estimates on Thursday after beating fourth-quarter earnings expectations, powered by its closely watched data center and PC chips businesses, sending its shares up nearly 7%.

Reuters Business
Jan 23, 2020

Insys founder Kapoor sentenced to 66 months in prison: judge
Insys Therapeutics founder John Kapoor was sentenced to 66 months in prison for his role in an opioid fraud scheme by a U.S. district judge in Boston on Thursday.

Reuters Business
Jan 23, 2020

Bank regulator charges ex-Wells Fargo executives for role in sales scandal
Wells Fargo & Co's regulator on Thursday announced it had brought civil charges against eight former executives, including former Chief Executive Officer John Stumpf, marking the first federal action against individuals for their role in the bank's three-year sales practices scandal.

Reuters Business
Jan 23, 2020

U.S. extradition battle over Huawei's Meng ends first phase but Canada court fight continues
The first phase of battle over whether Huawei Chief Financial Officer Meng Wanzhou should be extradited to the United States wrapped up on Thursday after four days, with lawyers for Meng challenging prosecution claims that her alleged actions are a crime in Canada.

Reuters Business
Jan 23, 2020

Dollar up vs euro as ECB holds rates steady, launches review
The dollar rose against the euro on Thursday after the European Central Bank held interest rates steady and launched a broad review of its policy that was likely to see new President Christine Lagarde redefine the ECB's main goal and how to achieve it.

Reuters Business
Jan 23, 2020

American, Southwest say demand helping competitors while 737 MAX sits parked
Healthy travel demand is cushioning results for American Airlines Group Inc and Southwest Airlines Co , the two said on Thursday, while warning they are losing customers as their Boeing 737 MAX jets remain parked in a global grounding.

Reuters Business
Jan 23, 2020

Exclusive: Guyana opening search for oil firm to trade its crude - official
Guyana's government next month plans to begin a search for an oil company or trading firm to market its share of the South American country's crude, the director of the Department of Energy, Mark Bynoe, said in an interview.

Reuters Business
Jan 23, 2020

Wall Street pares losses on positive coronavirus news
Wall Street struggled for direction on Thursday as investors digested mixed earnings and developing news about the coronavirus outbreak emanating from China.

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