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Updated: 10 min 12 sec ago

Shari Redstone explores adding new CBS directors: WSJ

Wed, 01/17/2018 - 3:19pm
(Reuters) - Shari Redstone has discussed adding new directors to the board of CBS Corp as she renews her push to merge the company with Viacom Inc, The Wall Street Journal reported Wednesday.

Regulatory fears hammer bitcoin below $10,000, half its peak

Wed, 01/17/2018 - 3:11pm
LONDON/TOKYO (Reuters) - Bitcoin fell as much as 20 percent on Wednesday, piercing below $10,000, while other cryptocurrencies took similar spills due to investor fears that regulators could clamp down on them in an effort to curb speculation.

Apple plans second U.S. campus, to pay $38 billion in foreign cash taxes

Wed, 01/17/2018 - 3:10pm
(Reuters) - Apple Inc will open a second U.S. campus as part of a 5-year, $30 billion U.S. investment plan and will make about $38 billion in one-time tax payments on its overseas cash, one of the largest corporate spending plans announced since the passage of a tax cut signed by U.S. President Donald Trump.

Major shareholder demands Xerox disclose JV agreement with Fuji

Wed, 01/17/2018 - 3:04pm
(Reuters) - Major Xerox Corp shareholder Darwin Deason has urged the photocopier pioneer to make public its joint venture agreement with Japan's Fujifilm Holdings Corp , saying U.S. securities laws require it should do so.

FTC investigating Broadcom for antitrust practices

Wed, 01/17/2018 - 3:02pm
(Reuters) - The Federal Trade Commission (FTC) is investigating whether chipmaker Broadcom Ltd engaged in anticompetitive tactics in negotiations with customers, the company said on Wednesday.

Enthusiasm for earnings lifts Wall Street

Wed, 01/17/2018 - 2:56pm
NEW YORK (Reuters) - Wall Street's main indexes rose on Wednesday as investors' expectations for higher earnings lifted stocks across sectors.

FTC probing Broadcom for antitrust practices: source

Wed, 01/17/2018 - 2:31pm
(Reuters) - The Federal Trade Commission (FTC) is investigating whether chipmaker Broadcom Ltd engaged in anticompetitive tactics in negotiations with customers, according to a person familiar with the matter.

'Just Hit Budget!' bankers at RBS restructuring unit told during crisis: memo

Wed, 01/17/2018 - 2:02pm
LONDON (Reuters) - Royal Bank of Scotland staff helping small firms to restructure debt during the financial crisis were given a list of ways to squeeze more money from struggling clients and told to "Just Hit Budget!", a memo released on Wednesday showed.

Apple to pay $38 billion in U.S. taxes on foreign cash, open new campus

Wed, 01/17/2018 - 1:52pm
(Reuters) - Apple Inc on Wednesday said it will make about $38 billion in tax payments on its overseas cash and plans to open a second U.S. campus as part of a 5-year, $30 billion U.S. investment plan.

Exclusive: Activist investor Sachem Head pushes Whitbread to consider break-up - sources

Wed, 01/17/2018 - 1:50pm
LONDON (Reuters) - Activist investor Sachem Head has asked Whitbread to consider a break up of its Costa Coffee chain from its hotels and restaurant businesses, two people familiar with the matter told Reuters.

Ghosn lays groundwork for withdrawal as Renault CEO

Wed, 01/17/2018 - 1:48pm
PARIS (Reuters) - Renault-Nissan is to pursue plans to create separate strategy and operations leadership roles, Renault CEO Carlos Ghosn said on Wednesday in a sign he may pull back as boss of the French carmaker.

Dealmaking Ferrero tycoon breaks decades of family tradition

Wed, 01/17/2018 - 1:46pm
MILAN (Reuters) - For almost 70 years, family-owned chocolate group Ferrero shunned acquisitions, relying completely on its ability to grow on its own and dream up new products. Those days are gone.

FTC probing Broadcom for antitrust practices: WSJ

Wed, 01/17/2018 - 1:42pm
(Reuters) - The Federal Trade Commission (FTC) is investigating whether chipmaker Broadcom Ltd engaged in anticompetitive tactics in negotiations with customers, the Wall Street Journal reported, citing people familiar with the matter.

German discounter Lidl slows U.S. expansion: paper

Wed, 01/17/2018 - 1:30pm
FRANKFURT (Reuters) - German discount food retailer Lidl is slowing its U.S. expansion and switching focus from big-box stores to smaller formats, the Handelsblatt business daily reported, citing local real estate and political sources.

GE's 2018 gains wiped out as worries about turnaround plan persist

Wed, 01/17/2018 - 1:18pm
(Reuters) - Shares of General Electric Co continued its slide on Wednesday and wiped out all its gains in 2018, a day after the U.S. industrial conglomerate announced more than $11 billion in charges and hinted about a potential breakup.

Tech, industrials lift Wall St.; financials recover

Wed, 01/17/2018 - 1:08pm
(Reuters) - Wall Street's main indexes were higher on Wednesday, led by technology and industrial stocks as well as a recovery in the financial sector.

Rolls-Royce shares jump as commercial marine business goes on block

Wed, 01/17/2018 - 12:42pm
LONDON (Reuters) - Rolls-Royce is considering the sale of its loss-making commercial marine business in another shake-up by Chief Executive Warren East that will streamline its activities into civil aerospace, defense and power system units.

Mining, demand for heating power U.S. industrial production

Wed, 01/17/2018 - 12:13pm
WASHINGTON (Reuters) - U.S. industrial production increased more than expected in December as unseasonably cold weather at the end of the month boosted demand for heating, but manufacturing output barely rose, pointing to moderate growth in the industrial sector.

In replacing Dudley, New York Fed aims to avoid political pitfalls

Wed, 01/17/2018 - 12:01pm
NEW YORK (Reuters) - Unions and groups advocating for retirees, teachers, housing, and workers' benefits are among those visiting the ornate conference rooms of the Federal Reserve Bank of New York to lobby for a less conventional candidate to serve as its next president.

Banks expected to share tiny proportion of mammoth Saudi Aramco IPO

Wed, 01/17/2018 - 11:57am
LONDON (Reuters) - The banks that will advise and execute Saudi Aramco's stock market listing are expected to share a tiny proportion of the $100 billion Riyadh hopes to raise in its initial public offering, according to banking sources and industry insiders.