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Reuters: Business News



Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial in



 



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

Thu, 18 Jan 2018 13:10:06 -0500

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.(image)



Wall St. rally falters as healthcare, industrials drag

Thu, 18 Jan 2018 13:25:14 -0500

(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.(image)



Uber-SoftBank deal has closed, making SoftBank largest shareholder

Thu, 18 Jan 2018 14:59:16 -0500

SAN FRANCISCO (Reuters) - A group of investors led by SoftBank Group Corp closed a deal with Uber Technologies Inc on Thursday, making SoftBank the largest stakeholder in the ride-services firm and providing a much-needed boost to controversy-ridden Uber.(image)



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

Thu, 18 Jan 2018 15:11:25 -0500

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.(image)



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

Thu, 18 Jan 2018 14:36:30 -0500

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.(image)



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

Thu, 18 Jan 2018 13:00:03 -0500

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.(image)



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

Thu, 18 Jan 2018 10:46:01 -0500

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.(image)



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

Thu, 18 Jan 2018 13:42:08 -0500

(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.(image)



Morgan Stanley tops estimates on underwriting, wealth management

Thu, 18 Jan 2018 13:23:22 -0500

(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.(image)



Nestle nominates three board directors to help advance strategy

Thu, 18 Jan 2018 13:54:07 -0500

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.(image)