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Updated: 9 min 50 sec ago

Saudi energy minister urges oil producers to extend cooperation beyond 2018

Sun, 01/21/2018 - 3:33am
MUSCAT (Reuters) - Saudi Arabia's energy minister urged global oil producing nations on Sunday to extend their cooperation beyond 2018, but said this might mean a new form of deal rather than continuing the same supply cuts that have boosted prices in recent months.

SoFi in talks with top Twitter exec about CEO position: WSJ

Sat, 01/20/2018 - 9:13pm
(Reuters) - Social Finance Inc (SoFi) is in discussions with Anthony Noto, a top Twitter Inc executive, to become the online lender's chief executive, the Wall Street Journal reported on Saturday, citing sources.

ADM pursues big ag merger with grain trader Bunge: source

Sat, 01/20/2018 - 12:36pm
CHICAGO/CALGARY, Alberta (Reuters) - Top U.S. grain merchant Archer Daniels Midland Co has proposed a takeover of Bunge Ltd , according to a person familiar with the approach, which could set up a bidding war with Swiss-based rival Glencore Plc .

Deutsche Telekom expects steady dividend hikes: paper

Sat, 01/20/2018 - 10:19am
FRANKFURT (Reuters) - Deutsche Telekom will keep to its promise of hiking dividends in 2018 and the years thereafter, its Chief Financial Officer Thomas Dannenfeldt told German daily Boersen-Zeitung.

China's Dalian Wanda Group says 2017 revenue down 10.8 percent

Sat, 01/20/2018 - 6:26am
HONG KONG (Reuters) - Chinese conglomerate Dalian Wanda Group said on Saturday its revenue dropped for a second consecutive year, by 10.8 percent in 2017, as the group sold off property assets and faced increasing scrutiny from regulators and lenders.

Twitter to notify users exposed to Russian propaganda during U.S. elections

Sat, 01/20/2018 - 2:13am
(Reuters) - Twitter Inc , which is reviewing Russian interference during the 2016 U.S. elections, said on Friday it would notify some of its users whether they were exposed to content generated by a suspected Russian propaganda service.

Possible Buffett heir Abel has small Berkshire stake, likely to grow

Fri, 01/19/2018 - 8:25pm
(Reuters) - Greg Abel, considered by many investors the top contender to succeed Warren Buffett as Berkshire Hathaway Inc's chief executive officer, on Friday reported owning about $2.1 million of the conglomerate's stock.

ADM pursues big ag merger with grain trader Bunge: WSJ

Fri, 01/19/2018 - 6:52pm
CHICAGO/CALGARY, Alberta (Reuters) - Top U.S. grains merchant Archer Daniels Midland Co has proposed a takeover of Bunge Ltd , the Wall Street Journal reported on Friday, a move that could set up a battle for Bunge with London-based rival Glencore Plc .

Venezuela's woes poised to hit U.S. oilfield service firms' earnings

Fri, 01/19/2018 - 6:02pm
HOUSTON (Reuters) - U.S. oilfield service companies exposed to Venezuela face new hits to earnings from the South American nation's ongoing economic turmoil and U.S. sanctions on the country and state-run oil company PDVSA.

McDonald's 'joint employment' trial delayed amid settlement talks

Fri, 01/19/2018 - 5:52pm
(Reuters) - McDonald's Corp and a U.S. labor board are in talks to settle a case claiming the fast food company is liable for purported labor law violations by its franchisees, leading a judge on Friday to pause a trial that began in 2015.

ADM has made takeover approach to Bunge: WSJ

Fri, 01/19/2018 - 5:40pm
(Reuters) - Agricultural processing and trading company Archer Daniels Midland Co has proposed a takeover of Bunge Ltd , the Wall Street Journal reported on Friday, a move that could set up a battle for Bunge with London-based rival Glencore Plc in an industry moving toward consolidation.

FTC makes second request on Broadcom's bid for Qualcomm

Fri, 01/19/2018 - 5:18pm
(Reuters) - The U.S. Federal Trade Commission has made a second request for information on chipmaker Broadcom Ltd's $103 billion hostile bid for Qualcomm Inc , Broadcom said in a statement on Friday, a move that could indicate heightened antitrust scrutiny.

Parent company of 7-Eleven agrees to divest some U.S. stores in Sunoco deal

Fri, 01/19/2018 - 5:01pm
WASHINGTON (Reuters) - Seven & i Holdings Co Ltd , the Tokyo-based parent company of the 7-Eleven network of stores, agreed to sell and divest some fuel outlets in its proposed $3.3 billion acquisition of 1,100 Sunoco LP outlets, the U.S. Federal Trade Commission said Friday.

Judge overseeing AT&T, Time Warner merger trial hears document dispute

Fri, 01/19/2018 - 4:59pm
WASHINGTON (Reuters) - AT&T , owner of DirecTV, is asking for documents from a long list of companies as part of preparation for a trial to determine if they will be allowed to buy movie and TV show maker Time Warner , their lawyer Daniel Petrocelli said in a pre-trial hearing on Friday.

Archer Daniels has made takeover approach to Bunge: WSJ

Fri, 01/19/2018 - 4:36pm
(Reuters) - Agricultural trader Archer Daniels Midland Co made a takeover approach to rival Bunge Ltd , the Wall Street Journal reported on Friday, citing people familiar with the matter. http://on.wsj.com/2mSY8L0

GE shares stumble to worst week since financial crisis

Fri, 01/19/2018 - 4:27pm
NEW YORK (Reuters) - General Electric shares tumbled for a fifth straight session on Friday, sending the stock to its biggest weekly percentage drop since the financial crisis, after the company flagged a possible breakup and more than $11 billion in charges earlier in the week.

Wall Street ends higher despite government shutdown threat

Fri, 01/19/2018 - 4:27pm
NEW YORK (Reuters) - Wall Street rose on Friday, led by gains in consumer stocks, even as a possible government shutdown loomed.

Fed's Quarles details steps to ease rules from Volcker to stress tests

Fri, 01/19/2018 - 4:03pm
WASHINGTON (Reuters) - A top bank regulator at the U.S. Federal Reserve is planning several imminent changes that Wall Street has wanted involving capital rules, proprietary trading and a process known as "living wills" that aims to prevent taxpayer bailouts.

Delaware sues opioid manufacturers, distributors over epidemic

Fri, 01/19/2018 - 3:54pm
(Reuters) - Delaware on Friday became the latest state to file a lawsuit accusing corporations of helping fuel the national opioid epidemic, suing a wide range of companies involved in making, distributing and selling prescription painkillers.

S&P, Nasdaq hit records, Dow muted as government shutdown looms

Fri, 01/19/2018 - 3:34pm
NEW YORK (Reuters) - The S&P 500 and the Nasdaq rose on Friday, led by gains in consumer stocks and hitting intraday highs, even as a possible government shutdown loomed.

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