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Fed close to goals, sees dual risks as it hikes rates: Yellen

Tue, 21 Nov 2017 18:46:30 -0500

NEW YORK (Reuters) - The Federal Reserve is "reasonably close" to its goals and should keep gradually raising U.S. interest rates to avoid the dual pitfalls of letting inflation drift below target for too long, and of driving unemployment down too far, Fed Chair Janet Yellen said on Tuesday.(image)

U.S. FCC chief plans to dump Obama-era 'net neutrality' policy

Tue, 21 Nov 2017 18:55:09 -0500

WASHINGTON (Reuters) - The head of the U.S. Federal Communications Commission unveiled plans on Tuesday to scrap landmark 2015 rules intended to ensure a free and open internet, moving to give broadband service providers sweeping power over what content consumers can access.(image)

Trump says AT&T plan to buy Time Warner 'not a good deal'

Tue, 21 Nov 2017 17:04:13 -0500

(Reuters) - U.S. President Donald Trump on Tuesday stood by his criticism of pay TV and wireless company AT&T's deal to buy movie and TV show maker Time Warner Inc, which the Justice Department has sued to stop.(image)

NAFTA round wrapping up, 'significant differences' remain

Tue, 21 Nov 2017 17:40:39 -0500

MEXICO CITY (Reuters) - The United States, Mexico and Canada were wrapping up a fifth round of talks to update NAFTA on Tuesday with major differences yet to be resolved, casting doubt on whether a deal could be reached by the end of March 2018 as planned.(image)

Disney-Pixar animation executive Lasseter takes leave after 'missteps': memo

Tue, 21 Nov 2017 17:40:14 -0500

(Reuters) - Walt Disney Co executive John Lasseter, who heads animation at both Disney and Pixar, told company staff on Tuesday he was taking a six-month leave of absence following what he called "missteps" including unwanted hugs that made employees uncomfortable, according to a memo seen by Reuters.(image)

HP Enterprise CEO Meg Whitman to step down

Tue, 21 Nov 2017 18:47:58 -0500

(Reuters) - Hewlett Packard Enterprise Co said on Tuesday that Meg Whitman was stepping down as chief executive officer after six years at the helm during which she steered the company through the biggest breakup in corporate history.(image)

Tech gains help propel Wall Street to record highs

Tue, 21 Nov 2017 17:58:12 -0500

NEW YORK (Reuters) - U.S. stocks jumped on Tuesday, pushing all three major indexes to record closing highs, led by gains in this year's top-performing technology sector.(image)

New York Times to develop more products beyond news subscriptions

Tue, 21 Nov 2017 18:09:38 -0500

(Reuters) - The New York Times Co plans to develop two or three new standalone digital products next year focused on lifestyle topics as part of its push to get more people to pay for its content beyond traditional news, a senior executive told Reuters.(image)

FCC head proposes review of U.S. TV station ownership cap

Tue, 21 Nov 2017 15:38:56 -0500

WASHINGTON (Reuters) - The head of the U.S. Federal Communications Commission on Tuesday asked the agency to review rules capping television station ownership, a move that could speed consolidation in the industry.(image)

U.S. commission recommends tariffs to curb Samsung, LG washer imports

Tue, 21 Nov 2017 14:56:14 -0500

WASHINGTON (Reuters) - The U.S. International Trade Commission on Tuesday recommended tariffs to keep Samsung and LG from flooding the U.S. market with inexpensive washers, a step that would protect American appliance giant Whirlpool Corp.(image)