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Reuters Business
Dec 15, 2017

Wall Street at record highs on rising hopes of tax overhaul
NEW YORK (Reuters) - Wall Street's three major indexes scaled new heights on Friday, with all major sectors pushing higher as a long-awaited tax bill that would cut corporate tax rates looked like it would win support among lawmakers.

Reuters Business
Dec 15, 2017

CSX shares derail after CEO takes unexpected medical leave
(Reuters) - CSX Corp shares skidded as much as 10 percent on Friday, wiping out $4 billion in market value, as the No. 3 U.S. railroad by revenue sought to assure investors its turnaround would progress despite the unexpected medical leave of its chief executive officer.

Reuters Business
Dec 15, 2017

Exclusive: Aston Martin owners rev up for 2018 exit with Lazard hire
LONDON (Reuters) - Aston Martin's owners have hired Lazard to prepare for a stock market listing or sale of the British sportscar maker made famous by fictional spy James Bond, sources familiar with the matter told Reuters.

Reuters Business
Dec 15, 2017

Wall Street at record on rising hopes of tax overhaul
(Reuters) - Wall Street major indexes scaled new heights on Friday, with all the major sectors pushing higher as the long-awaited bill to lower corporate tax rates enters the final stretch.

Reuters Business
Dec 15, 2017

Lockheed to partner with Aerion to develop supersonic business jet
(Reuters) - Lockheed Martin Corp , the maker of F-35 and F-22 fighter jets, is partnering with plane maker Aerion Corp to develop the world's first supersonic business jet.

Reuters Business
Dec 15, 2017

Big U.S. banks engage universities to fill unglamorous banking jobs
(Reuters) - Banks are grappling with how to recruit young people into businesses like trade finance and cash management, which are increasingly important drivers of revenue but perceived to be un-sexy compared with investment banking and trading.

Reuters Business
Dec 15, 2017

Wall Street rally sets the stage for big IPO year in 2018
(Reuters) - A relentless bull-run in U.S. stock indexes this year has set the stage for a strong IPO market in 2018, with several multi-billion dollar firms including Airbnb and Spotify widely expected to grab headlines with their offerings.

Reuters Business
Dec 15, 2017

Unilever to sell spreads business to KKR for $8 billion
(Reuters) - Unilever has agreed to sell its margarine and spreads business to U.S. private equity firm KKR for 6.83 billion euros ($8.04 billion) to concentrate on faster growing products.

Reuters Business
Dec 15, 2017

Exclusive: Safran, Zodiac deal expected to win unconditional EU approval - source
BRUSSELS (Reuters) - French aero engine maker Safran is set to secure an EU green light for its $7.7 billion bid for aircraft seat maker Zodiac Aerospace to create the world's third-largest aerospace supplier, a person familiar with the matter said on Friday.

Reuters Business
Dec 15, 2017

Exclusive: FCC plans to fine Sinclair $13.3 million over undisclosed commercials
WASHINGTON (Reuters) - The Federal Communications Commission plans to fine Sinclair Broadcasting Corp $13.3 million after it failed to properly disclose that paid programming that aired on local TV stations was sponsored by a cancer institute, three people briefed on the matter told Reuters.

Reuters Business
Dec 15, 2017

Ryanair offers to recognize unions in historic shift to try to avert strikes
DUBLIN (Reuters) - Ryanair offered on Friday to recognize pilot unions for the first time in its 32-year history in a last-minute attempt to avert its first-ever pilot strike.

Reuters Business
Dec 15, 2017

Brazil's Embraer eyes 2024 commercial launch for Uber partnership: CEO
SAO PAULO (Reuters) - A partnership that Brazilian planemaker Embraer SA has struck with U.S. ride-hailing application Uber Technologies Inc will launch its first test flight in 2020, and aims to start commercial service in 2024, an executive said on Friday.

Reuters Business
Dec 15, 2017

Tesla largely responsible for slide in U.S. home solar sales
(Reuters) - After years of double-digit growth, home solar installations in the United States are poised to fall for the first time this year, according to a report released on Thursday by GTM Research.

Reuters Business
Dec 15, 2017

Wall St. rises as bank, healthcare stocks gain
(Reuters) - Wall Street indexes rose in morning trading on Friday, driven by gains in shares of banking and healthcare companies and on hopes that a final Republican tax bill will be unveiled in Congress later in the day.

Reuters Business
Dec 15, 2017

Exclusive: EU regulators set to clear Safran, Zodiac deal - source
BRUSSELS (Reuters) - EU antitrust regulators are expected to approve without conditions French aero engine maker Safran's bid for aircraft seats, toilets and galleys maker Zodiac Aerospace , a person familiar with the matter said on Friday.

Reuters Business
Dec 15, 2017

Unilever to sell margarine and spreads unit to KKR for $8 billion
LONDON (Reuters) - Unilever has agreed to sell its margarine and spreads business to KKR for 6.8 billion euros ($8 billion), it said on Friday, confirming an earlier report by Reuters saying the U.S. private equity fund had made it into exclusive talks to buy the shrinking business.

Reuters Business
Dec 15, 2017

EU court rejects U.S. intervention in Apple's Irish $15 billion tax case
BRUSSELS (Reuters) - Europe's second-highest court has rejected a request from the U.S. government to intervene in Apple's challenge against an EU order to pay back taxes of up to 13 billion euros ($15.3 billion) because it failed to prove a direct interest in the outcome of the case.

Reuters Business
Dec 15, 2017

Steinhoff's ex-chairman Wiese calls off $2.6 billion Shoprite deal
JOHANNESBURG (Reuters) - South African tycoon Christo Wiese on Friday called off plans to sell his stake in grocer Shoprite to Steinhoff's African arm , a day after he resigned from Steinhoff's board in the midst of an accounting scandal.

Reuters Business
Dec 15, 2017

Wall Street up as gains in consumer staples power recovery
(Reuters) - Wall Street indexes rose on Friday with gains in consumer stocks such as Costco Wholesale helping a broad recovery.

Reuters Business
Dec 15, 2017

Exclusive: KKR wins auction for Unilever's spreads business - sources
(Reuters) - Private equity firm KKR is in exclusive talks to buy Unilever's margarine and spreads business after outbidding other buyout firms, people familiar with the matter said on Friday, in a deal expected to top $7 billion.

Reuters Business
Dec 15, 2017

Wall Street opens higher on tax bill optimism
(Reuters) - Wall Street opened higher on Friday as investors were optimistic about the passage of the Republican's much-awaited tax overhaul bill by the year-end.

Reuters Business
Dec 15, 2017

Chairman of Brazilian conglomerate Odebrecht to step down: paper
SAO PAULO (Reuters) - Emílio Odebrecht will resign as chairman of the board of the scandal-plagued Brazilian engineering conglomerate Odebrecht SA in the first half of next year, newspaper O Estado de S. Paulo reported on Friday, citing an unnamed source.

Reuters Business
Dec 15, 2017

Icahn steps up fight against SandRidge's plan to buy Bonanza Creek
(Reuters) - Activist investor Carl Icahn on Friday urged SandRidge Energy Inc's stockholders to vote against the oil and gas company's plan to issue shares for its proposed acquisition of Bonanza Creek Energy .

Reuters Business
Dec 15, 2017

South African regulator probes conduct of Steinhoff auditors
JOHANNESBURG (Reuters) - South Africa's Independent Regulatory Board for Auditors (IRBA) is investigating Steinhoff's auditor following the retail group's disclosure of accounting irregularities, it said on Friday.

Reuters Business
Dec 15, 2017

CSX shares tumble after CEO's medical leave
(Reuters) - CSX Corp's shares tumbled on Friday in premarket trading after the No. 3 U.S. railroad said Chief Executive Hunter Harrison was taking medical leave for unexpected complications from a recent unspecified illness.

Reuters Business
Dec 15, 2017

Let board do its job finding successor, Airbus CEO urges staff
PARIS (Reuters) - Airbus Chief Executive Tom Enders, who is stepping down in 2019, urged employees on Friday to allow the board to pick his successor without being distracted by speculation about who would replace him.

Reuters Business
Dec 15, 2017

Stock futures recover from tax bill concerns
(Reuters) - U.S. stock markets were set to open higher on Friday, recovering from a bout of uncertainty surrounding the passage of the Republicans' much-awaited tax overhaul bill.

Reuters Business
Dec 15, 2017

Some Canada firms could move to U.S. amid NAFTA worries: survey
OTTAWA (Reuters) - More a quarter of Canadian firms could move part of their operations to the United States amid uncertainty over the future of the NAFTA trade pact, the nation's export credit agency said on Friday.

Reuters Business
Dec 15, 2017

Tesla largely responsible for slide in U.S. home solar sales: report
(Reuters) - After years of double-digit growth, home solar installations in the United States are poised to fall for the first time this year, according to a report released on Thursday by GTM Research.

Reuters Business
Dec 15, 2017

India raises import tax on cellphones, move to hurt Apple
NEW DELHI (Reuters) - India has increased the import tax on dozens of electronic products such as mobile phones and television sets, a government statement said, to help curb supplies from overseas and build up the domestic industry.

Reuters Business
Dec 15, 2017

Germany's Merck in fresh bid to enter U.S. MS pill market
FRANKFURT (Reuters) - Germany's Merck KGaA is reviving plans to bring an oral multiple sclerosis (MS) treatment to the U.S. market, hoping for blockbuster sales despite regulatory concerns about side effects having frustrated its ambitions almost seven years ago.

Reuters Business
Dec 15, 2017

Airbus board triggers shake-up to end succession row
PARIS (Reuters) - Airbus confirmed the departure of planemaking chief Fabrice Bregier as part of a series of board moves on Friday to clear the air over succession plans following weeks of speculation surrounding Europe's largest aerospace firm.

Reuters Business
Dec 15, 2017

Global shares limp toward third week of gains, dollar hobbles
LONDON (Reuters) - World shares fell on Friday and the dollar slipped against major and heavyweight emerging market currencies, as nagging uncertainty about a U.S. tax cuts package dovetailed with broad-based end-of-year caution.

Reuters Business
Dec 15, 2017

Australia cobalt rush accelerates on electric vehicle demand, DRC troubles
MELBOURNE (Reuters) - Australia, home to the world's second-biggest cobalt reserves, is seeing a rush of interest in projects still years from production as makers of batteries used in electric vehicles (EVs) seek supplies of the metal from a more costly but less risky source than top miner, the Democratic Republic of Congo.

Reuters Business
Dec 15, 2017

Japan's Yamato plans to open labor-saving facility next year
TOKYO (Reuters) - Japan's largest package delivery company, Yamato Transport Co, is considering plans to open a new distribution facility with labor-saving technology near Tokyo early next year, its chief executive said on Friday.

Reuters Business
Dec 15, 2017

Ryanair to recognize unions in historic shift to stop strike
DUBLIN (Reuters) - Ryanair on Friday announced that it would recognize pilot unions for the first time in its 32-year history in a bid to stop the first pilot strike in its history from taking place later in the day.

Reuters Business
Dec 15, 2017

Oil prices rise on North Sea pipeline outage, but growing US output looms
SINGAPORE (Reuters) - Oil prices moved up on Friday, lifted by the Forties pipeline outage in the North Sea and ongoing OPEC-led production cuts, although rising output from the United States kept a lid on markets.

Reuters Business
Dec 15, 2017

Exclusive: China's CNPC weighs taking over Iran project if Total leaves - sources
BEIJING/LONDON (Reuters) - China's top oil and gas company CNPC is considering taking over Total's stake in a giant Iranian gas project if the French company leaves Iran to comply with any new U.S. sanctions, industry sources said.

Reuters Business
Dec 15, 2017

Airbus confirms management shake-up
PARIS (Reuters) - Airbus confirmed a top management shake-up on Friday, following weeks of turmoil at the European planemaker.

Reuters Business
Dec 15, 2017

Paralysis at PDVSA: Venezuela's oil purge cripples company
CARACAS/HOUSTON (Reuters) - Decisions at some joint ventures with foreign firms are delayed. A growing number of oil tankers sit idle because no one authorizes payments. Employees struggle to get approval for routine expenses, from taxis to training.

Reuters Business
Dec 15, 2017

Oil prices stable on tighter market, but rising US output looms for 2018
SINGAPORE (Reuters) - Oil markets were stable on Friday as the Forties pipeline outage in the North Sea and ongoing OPEC-led production cuts supported prices, while rising output from the United States kept crude from rising further.

Reuters Business
Dec 14, 2017

Asian shares slip, U.S. tax reform woes dent sentiment
TOKYO (Reuters) - Asian shares erased earlier modest gains on Friday but were still on track for a weekly rise, as sentiment was hurt by Wall Street's weakness on concerns about the progress of U.S. tax reform.

Reuters Business
Dec 14, 2017

Oil stable on tighter market, but rising US output looms for 2018
SINGAPORE (Reuters) - Oil markets were stable on Friday as the Forties pipeline outage in the North Sea and the ongoing OPEC-led production cuts supported prices, while rising output from the United States kept crude from rising further.

Reuters Business
Dec 14, 2017

Asian shares edge up, on track for weekly gain
TOKYO (Reuters) - Asian shares edged higher on Friday, on track for weekly gains, though sentiment was kept in check by Wall Street's weakness on concerns about the progress of U.S. tax reform.

Reuters Business
Dec 14, 2017

More efficient SUVs a factor in product strategy: Ford CEO
DETROIT (Reuters) - Ford Chief Executive Jim Hackett said on Thursday the automaker is reviewing its product portfolio as consumers show a preference for sport utility vehicles that have fuel efficiencies closer to sedans.

Reuters Business
Dec 14, 2017

Airbus planemaking chief Bregier to leave in February: sources
PARIS (Reuters) - Airbus planemaking chief Fabrice Bregier plans to leave the aerospace group after the board intervened to resolve tensions over the future succession to Chief Executive Tom Enders, sources familiar with the matter said on Thursday.

Reuters Business
Dec 14, 2017

Uber investor departs venture firm amid harassment claims
SAN FRANCISCO (Reuters) - Silicon Valley investor Shervin Pishevar, known for his early bet on Uber Technologies Inc, said on Thursday that he would sever ties with his venture capital company, Sherpa Capital, after being accused of sexual misconduct.

Reuters Business
Dec 14, 2017

Ford to move autonomous vehicle business to Detroit
(Reuters) - Ford Motor Co said on Thursday it would relocate its autonomous and electric vehicle units to Detroit from Dearborn, Michigan.

Reuters Business
Dec 14, 2017

Murdoch bets live sports and news will boost new, smaller Fox
NEW YORK (Reuters) - Rupert Murdoch is banking on Americans' love of live sports and breaking news for a new, slimmed down version of his Fox TV business after selling the company's film studios and international operations to Walt Disney Co .

Reuters Business
Dec 14, 2017

Southwest Airlines would use tax savings on planes, share buybacks
NEW YORK (Reuters) - Southwest Airlines Co would use savings from a potential cut to the U.S. corporate tax rate to buy new planes and fund share buybacks, Chief Executive Gary Kelly said on Thursday.

Reuters Business
Dec 14, 2017

Wall St falls as investors fret about tax bill passage
NEW YORK (Reuters) - Major U.S. stock indexes fell on Thursday, with the S&P 500 down the most in a month, as investor worries over potential roadblocks to the Republicans' tax overhaul more than offset optimism over strong retail sales data.

Reuters Business
Dec 14, 2017

Exclusive: Chevron nears Schlumberger deal to drill wells in Brazil: sources
RIO DE JANEIRO (Reuters) - Chevron Corp has reached preliminary agreement with oil services firm Schlumberger NV to drill six wells in a Brazilian offshore field, two sources said this week, in a bid to lift its output in the South American country after a 2011 oil spill there cut production.

Reuters Business
Dec 14, 2017

Wiese resigns as Steinhoff chairman in wake of accounting scandal
BERLIN/JOHANNESBURG (Reuters) - South African tycoon Christo Wiese resigned on Thursday as chairman of Steinhoff , the latest setback for the retail group in the throes of an accounting scandal.

Reuters Business
Dec 14, 2017

Airbus planemaking chief Bregier to step down -sources
PARIS (Reuters) - Airbus planemaking chief Fabrice Bregier is leaving the aerospace group after losing a long-running power battle with Chief Executive Tom Enders, three sources familiar with the matter said on Thursday.

Reuters Business
Dec 14, 2017

Leadership of New York Times passes to next-generation Sulzberger
NEW YORK (Reuters) - The New York Times on Thursday named a new publisher in 37-year-old A.G. Sulzberger, a fifth-generation descendant of Times leaders whose internal report on innovation has guided a newspaper known as 'The Gray Lady' into the digital era.

Reuters Business
Dec 14, 2017

Wall Street falls as investors fret about tax bill passage
(Reuters) - The S&P 500 and the Dow were lower on Thursday as investors worried about potential roadblocks to Republicans' tax overhaul, offseting their optimism over strong retail sales data.

Reuters Business
Dec 14, 2017

Airbus planemaking chief Bregier to step down: sources
PARIS (Reuters) - Airbus Chief Operating Officer and planemaking chief Fabrice Bregier is expected to step down following a board meeting on Thursday to tackle management tensions at the aerospace group, two sources familiar with the matter said.

Reuters Business
Dec 14, 2017

Court reverses Dell buyout ruling that alarmed dealmakers
WILMINGTON, Del. (Reuters) - Delaware's Supreme Court ruled on Thursday that a lower court erred in finding that the 2013 buyout of computer maker Dell Inc was vastly underpriced, a ruling that had allowed hedge funds to wring extra cash from the deal.

Reuters Business
Dec 14, 2017

Steinhoff says Christo Wiese steps down as chairman
BERLIN (Reuters) - Retail group Steinhoff , which is fighting for survival following its disclosure of accounting irregularities, said on Thursday that South African tycoon Christo Wiese has stepped down as chairman.

Reuters Business
Dec 14, 2017

Pier 1 Imports slumps 30 percent; holiday optimism disappears
SAN FRANCISCO (Reuters) - Pier 1 Imports Inc's stock lost nearly a third of its value on Thursday and its main competitors' shares also fell after the furniture and home decorations retailer warned the holiday shopping season was not going well.

Reuters Business
Dec 14, 2017

S&P, Dow flat as healthcare losses offset by tech, media gains
(Reuters) - The S&P 500 and the Dow were trading flat in early afternoon on Thursday as losses in healthcare stocks such as Johnson & Johnson were offset by gains in shares of technology and consumer discretionary companies.

Reuters Business
Dec 14, 2017

Hackers halt plant operations in watershed cyber attack
(Reuters) - Hackers likely working for a nation-state recently invaded the safety system of a critical infrastructure facility in a watershed attack that halted plant operations, according to cyber investigators and the firm whose software was targeted.

Reuters Business
Dec 14, 2017

Sulzberger Jr to retire as NYT publisher by end of December
(Reuters) - Arthur Sulzberger Jr. will retire as publisher of the New York Times by the end of December and will be replaced by his son A.G. Sulzberger, the New York Times Co said on Thursday.

Reuters Business
Dec 14, 2017

Disney buying Fox film, TV units for $52 billion in digital push
(Reuters) - Walt Disney Co has struck a deal to buy film, television and international businesses from Rupert Murdoch's Twenty-First Century Fox Inc for $52.4 billion in stock, giving the world's largest entertainment company an arsenal of shows and movies to combat growing digital rivals Netflix Inc and Amazon.com Inc.

Reuters Business
Dec 14, 2017

Delaware court reverses controversial Dell buyout ruling
WILMINGTON, Del (Reuters) - Delaware's Supreme Court ruled on Thursday that a lower court erred in its controversial finding last year that the 2013 buyout of computer maker Dell Inc was vastly underpriced.

Reuters Business
Dec 14, 2017

Exclusive: Luxottica, Essilor tie-up on track for unconditional EU okay - sources
BRUSSELS (Reuters) - Italian eyewear maker Luxottica and French lens manufacturer Essilor are set to win unconditional EU antitrust approval for their 48 billion-euro ($57 billion) merger, two people familiar with the matter said on Thursday.

Reuters Business
Dec 14, 2017

Wall Street higher on optimism over tax bill, Fed's economic outlook
(Reuters) - Wall Street indexes hovered around record levels on Thursday, perked up by the Federal Reserve's upbeat view on the economy and news that the Republicans' tax code overhaul is set to face final votes in Congress before the year-end.

Reuters Business
Dec 14, 2017

Spotify price tag rises ahead of filing for NYSE listing: sources
STOCKHOLM (Reuters) - The value of music streaming service Spotify, which is planning a stock market listing, has grown around 20 percent to at least $19 billion in the past few months, outperforming U.S. and European tech indexes, sources familiar with the matter said.

Reuters Business
Dec 14, 2017

Renault revives Alpine production with 6,000-car capacity
DIEPPE, France (Reuters) - Renault has invested in plant capacity to build up to 6,000 sports cars annually under the revived Alpine brand, the company said on Thursday, as it formally opened the new production line in Dieppe, northern France.

Reuters Business
Dec 14, 2017

Wall Street climbs as tax reform enters last lap
(Reuters) - U.S. stocks climbed higher on Thursday, boosted by gains in technology and banking shares and aided by news that the Republicans' tax code overhaul should face final votes in Congress before the year-end.

Reuters Business
Dec 14, 2017

Volkswagen says some employees cooperated with Brazil's military regime
FRANKFURT (Reuters) - Volkswagen said on Thursday that a historian commissioned by the carmaker found that some of the security staff at Volkswagen do Brasil had cooperated with the country's former military regime.

Reuters Business
Dec 14, 2017

Wall Street opens higher as bank stocks gain
(Reuters) - Wall Street opened higher on Thursday, aided by gains in bank stocks and on news that the Republicans' tax overhaul plan was headed for final votes in Congress before the year-end.

Reuters Business
Dec 14, 2017

Record number of Americans to travel during Christmas holiday: AAA
NEW YORK (Reuters) - U.S. travelers will hit the roads, rails and skies this Christmas holiday in their largest numbers on record, lured by cheap plane tickets and a growing economy, the nation's largest motor advocacy group said on Thursday.

Reuters Business
Dec 14, 2017

Delta Air Lines to place order for Airbus jets
NEW YORK (Reuters) - Delta Air Lines said on Thursday it will place a firm order for 100 Airbus A321neo jets and an optional order for 100 of the aircraft. Delta, the No. 2 U.S. airline by passenger traffic, said in a filing with the U.S. Securities and Exchange Commission that it expects deliveries to begin in the first quarter of 2020, with new aircraft arriving through 2023.

Reuters Business
Dec 14, 2017

Global stocks edge up amid central bank bonanza
LONDON (Reuters) - World shares eked out modest gains on Thursday as cautious comments on inflation from the U.S. Federal Reserve gave investors pause on a day packed with central bank decisions in Europe.

Reuters Business
Dec 14, 2017

Disney to buy Fox film, some TV businesses for $52 billion
(Reuters) - Walt Disney Co has struck a deal to buy film, television and international businesses from Rupert Murdoch's Twenty-First Century Fox Inc for $52.4 billion in stock as the world's largest entertainment company seeks even greater scale to combat growing digital rivals Netflix Inc and Amazon.com Inc.

Reuters Business
Dec 14, 2017

Stock futures up, eyes on Disney-Fox deal, bank stocks
(Reuters) - Wall Street was set for a slightly higher open on Thursday as traders focused on a $52.4 billion stock deal between Walt Disney and Twenty-First Century Fox and gains in shares of big banks.

Reuters Business
Dec 14, 2017

Teva Pharm to lay off a quarter of workforce, suspends dividend
TEL AVIV (Reuters) - Teva Pharmaceutical Industries will cut its workforce by more than a quarter, give up many of its manufacturing plants and suspend its dividend on ordinary shares in a much-anticipated overhaul to help pay back its massive debt.

Reuters Business
Dec 14, 2017

Exclusive: EU regulators to clear Luxottica, Essilor deal without conditions - sources
BRUSSELS (Reuters) - Italy's Luxottica and French glasses group Essilor are set to win unconditional EU antitrust approval for their 48-billion-euro ($56.8 billion), two people familiar with the matter said on Thursday.

Reuters Business
Dec 14, 2017

Disney to buy Fox film, TV businesses for $52 billion
(Reuters) - Walt Disney Co on Thursday agreed to buy film, TV and international assets from Rupert Murdoch's Twenty-First Century Fox Inc for $52.4 billion as Disney seeks greater scale to tackle growing competition from Netflix and Amazon.com.

Reuters Business
Dec 14, 2017

Netanyahu asks Teva Pharm to minimize job loss in Israel
JERUSALEM (Reuters) - Israeli Prime Minister Benjamin Netanyahu said on Thursday he spoke with the chief executive of Teva Pharmaceutical Industries and asked that the company keeps layoffs in Israel to a minimum.

Reuters Business
Dec 14, 2017

Siemens CEO sees group as 'fleet of ships': Manager Magazin
MUNICH (Reuters) - Siemens' chief executive sees the German group as a 'fleet of ships', each thriving under its own steam, but rejects the idea of separate listings for its core factory-automation and energy businesses, he told Manager Magazin.

Reuters Business
Dec 14, 2017

Norwegian Air ramps up transatlantic fare war with four new routes
NEW YORK (Reuters) - Norwegian Air Shuttle ASA will start flying four new routes between the United States and Europe, the budget carrier said on Thursday, rapidly expanding its low-cost transatlantic flights and increasing pressure on established carriers.

Reuters Business
Dec 14, 2017

Investors call on Sanderson, Denny's, McDonald's to cut antibiotics
(Reuters) - An investor coalition that presses for corporate responsibility is calling on U.S. food companies McDonald's Corp, Denny's Corp and Sanderson Farms Inc to stop buying or producing meat raised with medically important antibiotics.

Reuters Business
Dec 14, 2017

European stocks, euro dip as central banks dominate
LONDON (Reuters) - European shares and the euro dipped on Thursday as cautious comments on inflation from the U.S. Federal Reserve gave investors pause before a series of central bank decisions in Europe.

Reuters Business
Dec 14, 2017

UK retailers enjoy bumper Black Friday sales
LONDON (Reuters) - British shoppers pounced on electrical goods and other Black Friday bargains last month, giving an unexpectedly big boost to retail sales, which contrasted with earlier signs of a subdued start to Christmas spending.

Reuters Business
Dec 14, 2017

UK retailers enjoy bumper Black Friday sales: ONS
LONDON (Reuters) - British retail sales grew much faster than expected last month as shoppers took advantage of Black Friday bargains, official figures showed on Thursday, contrasting with more downbeat industry surveys.

Reuters Business
Dec 14, 2017

PSA, Toyota lead European car sales gain, helped by extra selling day
BERLIN (Reuters) - European car sales rose 5.8 percent in November, helped by an extra selling day as PSA Group and Toyota posted the strongest gains among the region's major automakers, industry data published on Thursday showed.

Reuters Business
Dec 14, 2017

South Korea prosecutors seek four-year jail term for Lotte group chief
SEOUL (Reuters) - South Korea's prosecutors are seeking a four-year jail term and a fine of 7 billion won ($6.44 million) for Lotte Group chief Shin Dong-bin over a bribery scandal involving former President Park Geun-hye and her close friend Choi Soon-shil, a Lotte spokesman said on Thursday.

Reuters Business
Dec 14, 2017

Asia stocks slightly up after Fed move; dollar, U.S. yields sag
TOKYO (Reuters) - Asian stocks generally rose on Thursday after the Federal Reserve delivered a much-anticipated interest rate hike, while its caution on inflation tempered expectations for 2018 tightening, weighing on the dollar and Treasury yields.

Reuters Business
Dec 13, 2017

Airbus executive says considering cuts to A380 production, still undecided
SINGAPORE (Reuters) - Airbus SE is considering cutting production of its A380 superjumbo to six or seven planes a year, but has made no final decision on the matter, a top executive said on Thursday amid growing question marks over the future of the double-decker jet.

Reuters Business
Dec 13, 2017

Airbus executive says considering cuts to A380 production, no decision yet
SINGAPORE (Reuters) - Airbus SE is considering a reduction in A380 superjumbo production to six or seven a year but the company had not made a final decision yet, a top executive said on Thursday.

Reuters Business
Dec 13, 2017

Fox's Star to bring Disney cash and cricket in India
(Reuters) - Walt Disney Co's expected deal with Twenty-First Century Fox Inc would give the world's best-known entertainment company new advantages in India, such as cricket rights and local-language TV shows for the fast-growing media market.

Reuters Business
Dec 13, 2017

Asia stocks edge higher after Fed meeting; dollar, U.S. yields sag
TOKYO (Reuters) - Asian stocks edged higher on Thursday after the Federal Reserve delivered a much-anticipated interest rate hike but flagged caution about inflation, tempering expectations for future tightening, which weighed on the dollar and Treasury yields.

Reuters Business
Dec 13, 2017

Republicans forge tax deal, final votes seen next week
WASHINGTON (Reuters) - Congressional Republicans reached a deal on final tax legislation on Wednesday, clearing the way for final votes next week on a package that would slash the U.S. corporate tax rate to 21 percent and cut taxes for wealthy Americans.

Reuters Business
Dec 13, 2017

Bumper crop of new drugs fails to lift big pharma R&D returns
LONDON (Reuters) - It is shaping up to be a bumper year for drug approvals, with U.S. officials clearing twice as many novel medicines as in 2016, yet returns on research investment at leading pharmaceutical companies are down.

Reuters Business
Dec 13, 2017

Republicans craft tax deal, final votes seen next week
WASHINGTON (Reuters) - Congressional Republicans reached a deal on final tax legislation on Wednesday, clearing the way for final votes next week on a package that would slash the U.S. corporate tax rate to 21 percent and cut taxes for wealthy Americans.

Reuters Business
Dec 13, 2017

Disney deal set to value Fox at more than $75 billion: source
(Reuters) - Walt Disney Co's deal to buy film, television and international businesses from Rupert Murdoch's Twenty-First Century Fox Inc will value the latter at over $40 per share, or $75 billion, a person familiar with the matter said.

Reuters Business
Dec 13, 2017

Dutch-Belgian supermarket to battle Amazon on two fronts
ZAANDAM, Netherlands (Reuters) - Unlike investors who sold off rival food retail stocks in response to Amazon's plan to buy Whole Foods, Ahold Delhaize boss Dick Boer took the news in stride.

Reuters Business
Dec 13, 2017

WTO meeting ends in stalemate after U.S. rebukes, member vetoes
BUENOS AIRES (Reuters) - The World Trade Organization's biennial meeting ended in stalemate on Wednesday after U.S. criticism and member country vetoes, raising questions about the body's ability to govern increasingly disputed global trade.

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