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Updated: 23 min 18 sec ago

Wells Fargo says resolved payment duplication glitch

Thu, 01/18/2018 - 4:01pm
(Reuters) - Wells Fargo & Co said on Thursday it resolved an internal processing error that resulted in customers' online bill payments being processed twice.

Uber-SoftBank deal has closed, making SoftBank largest shareholder

Thu, 01/18/2018 - 3:36pm
SAN FRANCISCO (Reuters) - A group of investors led by SoftBank Group Corp closed a deal with Uber Technologies Inc [UBER.UL] on Thursday, making SoftBank the largest stakeholder in the ride-services firm and providing a much-needed boost to controversy-ridden Uber.

Wall St. treads water as rising interest rates balance tech growth

Thu, 01/18/2018 - 3:33pm
NEW YORK (Reuters) - Wall Street's main indexes seesawed in choppy trade on Thursday, as gains in tech stocks offset losses in interest-rate sensitive sectors.

Exclusive: Boeing willing to keep Brazil's 'golden share' in Embraer deal

Thu, 01/18/2018 - 3:31pm
BRASILIA (Reuters) - Boeing Co is working to overcome the Brazilian military's objections to its proposed tie-up with Embraer SA with alternatives that would preserve the government's strategic veto rights and ensure safeguards for its defense programs, four people familiar with the matter told Reuters.

Brazilian prosecutors ask BNY Mellon unit to return $2.5 billion to local fund

Thu, 01/18/2018 - 2:36pm
SAO PAULO (Reuters) - Brazilian prosecutors asked on Thursday that the local unit of Bank of New York Mellon Corp return 8.2 billion reais ($2.56 billion) to local pension fund Postalis, according to a statement.

CIBC eyes FirstCaribbean valuation around $1.4 billion: sources

Thu, 01/18/2018 - 2:34pm
TORONTO (Reuters) - Canadian Imperial Bank of Commerce is targeting a valuation of 10 times earnings for the potential listing of its FirstCaribbean business in New York, which would give it a market value of around $1.4 billion, five sources familiar with the matter told Reuters over the past week.

Nigeria sues JP Morgan for $875 million over Malabu oilfield deal

Thu, 01/18/2018 - 1:43pm
LONDON (Reuters) - Nigeria has filed a claim against JP Morgan Chase for more than $875 million, accusing it of negligence in transferring funds from a disputed 2011 oilfield deal to a company controlled by the country's former oil minister.

Xerox-Fujifilm deal should have been changed long ago: Icahn

Thu, 01/18/2018 - 1:42pm
(Reuters) - Hedge fund investor Carl Icahn called on Thursday for the termination or renegotiation of Xerox Corp's long-running joint venture with Fujifilm Holdings reiterating demands for a change of leadership at Xerox.

Deutsche Bank CEO says overhaul will take time

Thu, 01/18/2018 - 1:36pm
BERLIN/FRANKFURT (Reuters) - Deutsche Bank's CEO on Thursday said an overhaul of the bank would take time but plans to turn around its performance were on the right track.

Wall St. rally falters as healthcare, industrials drag

Thu, 01/18/2018 - 1:25pm
(Reuters) - Losses in healthcare and industrial stocks paused Wall Street's new year rally that had driven the blue-chip Dow index to its fastest ever 1,000 point rise.

Nestle nominates three board directors to help advance strategy

Thu, 01/18/2018 - 1:13pm
LONDON (Reuters) - Nestle proposed three new independent directors to its board on Thursday, as the world's largest food company seeks to accelerate its transformation into a health-conscious company.

Cold weather chills U.S. homebuilding; jobless claims at 45-year low

Thu, 01/18/2018 - 1:10pm
WASHINGTON (Reuters) - U.S. homebuilding fell more than expected in December, recording its biggest drop in just over a year, likely as unseasonably cold weather at the end of the month disrupted the construction of single-family housing units.

Nigeria sues JP Morgan for $875 mln over Malabu oilfield deal

Thu, 01/18/2018 - 12:20pm
LONDON (Reuters) - Nigeria has filed a claim against JP Morgan Chase for more than $875 million, accusing it of negligence in transferring funds from a disputed 2011 oilfield deal to a company controlled by the country's former oil minister.

Exclusive: Blackstone's Hill hands hedge fund reins to McCormick

Thu, 01/18/2018 - 11:51am
BOSTON (Reuters) - After nearly two decades of growing Blackstone Group into the world's biggest hedge fund investor with some $74 billion in assets, J. Tomilson Hill is passing the baton.

Wall Street slips from record as healthcare, energy drag

Thu, 01/18/2018 - 11:35am
(Reuters) - Wall Street's main indexes edged lower on Thursday as declines in healthcare and energy stocks paused a rally that had driven the Dow Jones index to its fastest ever 1,000 point gain.

WhatsApp inches closer to revenue plan with accounts for businesses

Thu, 01/18/2018 - 11:02am
SAN FRANCISCO (Reuters) - Messaging application WhatsApp said on Thursday that it would begin allowing business accounts for the first time, a step that brings the free service closer to a plan that would make money for its corporate parent, Facebook Inc .

Apple's U.S. tax payment does not change EU's Irish tax ruling

Thu, 01/18/2018 - 10:46am
BRUSSELS (Reuters) - Apple's announcement that it will pay $38 billion in U.S. tax on its overseas cash will not reduce the $16 billion tax bill the company owes Ireland following a European Union ruling, the EU's executive said on Thursday.

Morgan Stanley tops estimates on underwriting, wealth management

Thu, 01/18/2018 - 10:19am
(Reuters) - Morgan Stanley's adjusted quarterly profit topped Wall Street estimates on Thursday as strength in underwriting and wealth management offset a sharp but expected decline in bond trading revenue.

Wall Street slips as healthcare, energy stocks drag

Thu, 01/18/2018 - 10:12am
(Reuters) - Wall Street's main indexes edged lower on Thursday as declines in healthcare and energy stocks paused a rally that had driven the Dow to its fastest ever 1,000 point gain.

Wall Street opens flat as energy stocks weigh

Thu, 01/18/2018 - 9:36am
(Reuters) - Wall Street's main indexes opened little changed on Thursday as energy stocks took a hit from lower oil prices.

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