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Reuters Video: Business



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Facebook signs BuzzFeed, Vox for original video shows

Wed, 24 May 2017 19:05:01 -0400

Facebook has signed deals with millennial-focused news and entertainment creators Vox, BuzzFeed, and others, as the leading social network tries to make its video service look more like traditional TV, according to several sources familiar with the situation.



Expedia enables hotel booking in Cuba

Wed, 24 May 2017 17:25:00 -0400

The online travel services company offers hotel and B&B options that Americans can book directly online. Fred Katayama reports.



OPEC gathers in Vienna, with an eye on America

Wed, 24 May 2017 17:01:18 -0400

OPEC and non-OPEC oil producing nations are close to agreeing to extending a historic cut in oil output until early next year, in a bid to keep the growth in U.S. production from pushing global prices back below $50 a barrel.



S&P 500 closes at record

Wed, 24 May 2017 16:22:00 -0400

Stocks rose after the release of the Fed minutes, sending the S&P 500 to a record high. Fred Katayama reports.



Home Depot bests Lowe's

Wed, 24 May 2017 12:48:00 -0400

Lowe's quarterly comparable sales fell well short of Wall Street's estimates. As Fred Katayama reports, that's a sharp contrast to the strong earnings posted by rival Home Depot.



Breakingviews TV: Toshiba nears a deal

Wed, 24 May 2017 13:03:57 -0400

With Western Digital reportedly offering $18 bln to buy Toshiba’s chip unit, Rob Cyran and Tom Buerkle explain how the two companies’ differing motives are pushing them toward an agreement.



Venezuela: new forex plan offers little respite

Wed, 24 May 2017 12:01:00 -0400

Venezuela has announced a new currency auction mechanism in a bid to stabilise its forex operations, the fifth such plan in four years. As David Pollard reports, it may do little to quell the recent surge in unrest at the economic hardship faced by the Venezuelan people.



Unions urge Macron not to rush labour reform

Wed, 24 May 2017 12:26:00 -0400

France's new President has promised to introduce a raft of reforms to boost the economy. But he's already facing pleas from unions not to rush through his plans, highlighting how difficult his task may be.



Tiffany sales lose luster

Wed, 24 May 2017 11:00:00 -0400

The upscale jeweler's comparable sales fell for the sixth straight quarter, sending its shares sharply lower. Fred Katayama reports.



RBS gets a week to end investor suit or face trial

Wed, 24 May 2017 11:08:00 -0400

A British judge has given Royal Bank of Scotland a week to avoid a trial by reaching a deal with investors who allege the bank misled them over its 2008 fundraising. Laura Frykberg reports.



M&S profit drops, but says recovery on track

Wed, 24 May 2017 08:41:00 -0400

Britain's Marks & Spencer has reported a 10 percent decline in annual profit and said clothing and homeware sales fell in its latest quarter. David Pollard looks at the reasons why and whether Brexit is a factor.



Moody's downgrades China's debt rating

Wed, 24 May 2017 04:11:00 -0400

For the first time in more than 25 years, the ratings agency Moody's has downgraded China's debt rating. Graham Mackay reports.



New civil suit facing Fiat Chrysler

Wed, 24 May 2017 07:50:00 -0400

Fiat Chrysler shares have fallen after the U.S. government filed a civil lawsuit accusing the automakers of illegally using software to bypass emission controls in 104,000 diesel vehicles sold since 2014. Laura Frykberg reports.



Moody's downgrades China's debt rating

Wed, 24 May 2017 04:04:00 -0400

For the first time in more than 25 years, the ratings agency Moody's has downgraded China's debt rating. As Shanghai Bureau Chief John Ruwitch reports, it's all about the country's crippling levels of debt.



Uber admits to mistakenly underpaying NYC drivers

Tue, 23 May 2017 19:36:00 -0400

Uber confirmed it underpaid its New York City drivers for the past two-and-a-half years, an error that could cost the ride-hailing company tens of millions of dollars.



Financials push Wall Street higher

Tue, 23 May 2017 16:58:00 -0400

Wall Street extended its rally into a fourth straight session. As Fred Katayama reports, weak economic data capped the gains.



Trump wants to cut $3.6 trillion in spending

Tue, 23 May 2017 15:39:00 -0400

The White House asked the Congress to cut $3.6 trillion in government spending on healthcare and food assistance programs as they push ahead with tax cuts and trimming the deficit. Fred Katayama reports.



Take-Two delays "Red Dead"

Tue, 23 May 2017 15:14:00 -0400

Take-Two Interactive forecast full-year revenue below analysts' estimates as it pushed the launch of its "Red Dead Redemption 2" game. Fred Katayama reports.



Breakingviews TV: Budget Fantasy

Tue, 23 May 2017 13:34:00 -0400

May 23 - Antony Currie and Richard Beales review the headlines from the Trump White House's first full budget proposal and its mix of concrete suggestions and magical thinking.



Euro zone economy feels the heat

Tue, 23 May 2017 12:23:00 -0400

Businesses across the euro zone maintained April's blistering growth rate this month as firms struggled to meet growing demand, suggesting the bloc's economic momentum is sustainable for now at least. David Pollard reports.



No revolt over Shell CEO's bumper pay package

Tue, 23 May 2017 12:06:00 -0400

Royal Dutch Shell shareholders have rejected a proposal by an environmental group calling for the oil company to set and publish annual targets to reduce carbon emissions. But, as Sonia Legg reports, to the surprise of many they've approved a 60 percent pay rise for the CEO.



Oil dips on Trump's talk of reserves sale

Tue, 23 May 2017 10:16:00 -0400

Oil prices fell on Tuesday after U.S. President Donald Trump proposed the sale of half the country's strategic oil reserves, even as producer club OPEC and its allies cut output to tighten the market. Laura Frykberg reports



Toll's profit soars 40 percent

Tue, 23 May 2017 10:47:00 -0400

The luxury homebuilder's quarterly sales also rocketed higher, buoyed by pent-up demand, low rates, and a strong jobs market. Fred Katayama reports.



Paul Ryan sees 'common ground' with Trump budget plan

Tue, 23 May 2017 10:37:00 -0400

U.S. House Speaker Paul Ryan praised President Donald Trump's proposed federal spending budget and said lawmakers would be able to find common ground with the administration's plan. Rough Cut (no reporter narration).



Greek stocks slide after debt deal hopes dashed

Tue, 23 May 2017 08:27:00 -0400

Greek shares slid more than 2 percent in early Tuesday trade and government bond yields rose after euro zone finance ministers failed to agree on debt relief for Greece with the International Monetary Fund and did not release new loans to Athens. Sonia Legg reports.