With weak earnings in tow, focus turns to jobs data

NEW YORK (Reuters) - Coming off a barrage of flimsy company earnings reports that included Apple's first revenue drop in 13 years, investors will turn to April jobs data for signs of budding resilience or further weakening in the second quarter.

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Apple's stock suffers worst week since 2013

SAN FRANCISCO (Reuters) - Apple Inc on Friday ended its worst week on the stock market since 2013 as worries festered about a slowdown in iPhone sales and after influential shareholder Carl Icahn revealed he sold his entire stake.

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Facebook hit with lawsuit over plan to issue new stock

SAN FRANCISCO (Reuters) - A Facebook Inc shareholder filed a proposed class action lawsuit on Friday in a bid to stop the company's plan to issue new Class C stock, calling the move a "patent attempt" to entrench chief executive Mark Zuckerberg as controlling shareholder.

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Wall Street falls for week but S&P, Dow end April up

NEW YORK (Reuters) - U.S. stocks posted their largest weekly drop in nearly three months on Friday as earnings continued to weigh, but the S&P 500 and Dow managed to close up for April after strong showings mid-month.

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Refining's silver lining loses luster at Exxon and Chevron

HOUSTON (Reuters) - Exxon Mobil Corp and Chevron Corp posted sharp drops in quarterly results on Friday as an oversupplied fuel market shrank profits from their refining units, which until now had provided healthy margins that helped insulate them from a 60 percent slide in oil prices since mid-2014.

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U.S. inflation retreats on soft consumer spending

WASHINGTON, April 29 (Reuters) - - U.S. inflation barely rose in March as consumer spending remained tepid, making it less likely that the Federal Reserve will be able to hike interest rates twice this year.

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Exxon Mobil profit beats expectations on big cost cuts

HOUSTON (Reuters) - Exxon Mobil Corp, the world's largest publicly traded oil producer, reported a higher-than-expected first-quarter profit on Friday as it slashed costs to offset plunging crude prices and weak refining margins.

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Fed's Kaplan says he will advocate for raising interest rates gradually

LONDON (Reuters) - Dallas Federal Reserve President, Robert Kaplan, on Friday pledged to push for gradual increases in the U.S. benchmark interest rate, as long as inflation continues to rise and the U.S. economy remains near full employment.

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Exclusive: CBS weighs share options for post-Redstone era - sources

NEW YORK (Reuters) - CBS Corp's executives are talking to investment bankers about how their CEO and executive chairman, Les Moonves, can gain more control over the broadcaster after Sumner Redstone dies, or if he is declared mentally incompetent, said two sources familiar with the situation.

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AB InBev offers more SAB Europe assets to win EU deal approval

BRUSSELS (Reuters) - Anheuser-Busch InBev , the world's largest brewer, intends to sell the Eastern European brewing assets of SABMiller to secure regulatory approval for its $100 billion-plus takeover of its rival.

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Carl Icahn says he sold entire Apple stake on China woes: CNBC

NEW YORK (Reuters) - Billionaire activist investor Carl Icahn said Thursday he had sold his entire stake in Apple Inc , citing the risk of China's influence on the stock.

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Amazon profit crushes estimates as cloud service revenue soars

(Reuters) - Amazon.com Inc on Thursday reported profit and revenue that blew past analysts' expectations, sending its shares soaring in after-hours trading and demonstrating the growing market power of its core retail business and new cloud services division.

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Facebook in class of its own as ad revenue soars

After underwhelming results from Apple Inc , Google Inc and other big tech names, investors finally found a friend in Facebook Inc after the company shredded Wall Street's forecasts for revenue, profit and user growth.

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Abbott to buy St. Jude for $25 billion to boost heart devices

(Reuters) - Abbott Laboratories said on Thursday that it would buy St. Jude Medical Inc in a $25 billion deal to expand its heart device business, but investors worried that the acquisition would not pay off as promised.

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Warren Buffett's shareholder gala enters home stretch

NEW YORK (Reuters) - Warren Buffett, who pitched newspapers as a teenage delivery boy, may be entering the final stretch of his "Woodstock for Capitalists," after cutting back his involvement in the event and opening it up for an online audience.

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Comcast to buy DreamWorks Animation for $3.8 billion

(Reuters) - Comcast Corp , the owner of NBCUniversal, said on Thursday it would buy DreamWorks Animation SKG Inc for $3.8 billion in cash.

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Wall Street set to open lower after BOJ stuns markets

(Reuters) - Wall Street was set to open lower on Thursday after the Bank of Japan stunned markets by holding off from expanding monetary stimulus, showing yet again how vulnerable markets are to central bank decisions.

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Ford Motor sets records for profit, operating margins

DETROIT (Reuters) - Ford Motor Co reported a 113 percent rise in net income and company records for global and North American operating margins.

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Weak consumer spending, trade seen hurting U.S. first quarter growth

WASHINGTON (Reuters) - U.S. economic growth likely stalled in the first quarter as domestic demand cooled and a strong dollar continued to undercut exports, but a pick-up in activity is anticipated given a buoyant labor market.

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Dow Chemical profit plunges on legal charge

(Reuters) - Dow Chemical Co reported an 87.9 percent fall in quarterly profit, mainly due to a charge related to the settlement of a class action suit.

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Time Warner Cable revenue rises 7.2 percent

(Reuters) - Time Warner Cable Inc , which is being bought by Charter Communications Inc , reported a 7.2 percent rise in revenue as it added more high speed data customers.

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Dollar, U.S. stock futures edge up after Fed; BOJ awaited

TOKYO (Reuters) - The dollar and U.S. stock futures edged up in the wake of the U.S. Federal Reserve's statement that offered few clues on its monetary policy outlook, but moves were slight as investors awaited the Bank of Japan's policy decision.

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Wall St. up after Fed fears ebb; Apple slumps

NEW YORK (Reuters) - U.S. stocks ended slightly higher on Wednesday after fears eased that the Federal Reserve would strongly signal it would raise interest rates in June, though a slump in Apple shares weighed on the Nasdaq index.

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Facebook revenue jumps 51.9 percent as mobile ad sales surge

(Reuters) - Facebook Inc reported a 51.9 percent rise in quarterly revenue as its increasingly popular mobile app and push into live video continued to attract new advertisers and encouraged existing ones to boost spending.

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Yahoo bows to pressure from activist fund Starboard

(Reuters) - Yahoo Inc on Wednesday agreed to add four new independent directors to its board, bowing to pressure from activist hedge fund Starboard Value LP and averting a proxy fight ahead of its upcoming annual meeting.

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High warranty costs reflect Tesla’s struggle with quality

DETROIT/SAN FRANCISCO (Reuters) - Tesla Motors Inc Chief Executive Elon Musk has told investors his electric car company will stop burning cash and turn a profit this year, and corralling costs associated with quality problems will be critical to making good on that pledge.

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Fed set to keep rates unchanged, may nod to ebbing risks

WASHINGTON (Reuters) - The U.S. Federal Reserve is expected to keep interest rates unchanged on Wednesday as it continues to monitor the impact from weakening global growth but may seek to signal to markets it is determined to resume policy tightening this year.

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Boeing's profit hit by tanker charge

(Reuters) - Boeing Co reported a nearly 9 percent fall in quarterly profit, hurt by an after-tax charge related to the KC-46 aerial refueling tanker it is developing for the U.S. Air Force.

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Comcast tops estimates; posts video subscriber gains

NEW YORK (Reuters) - Comcast Corp on Wednesday posted better-than-expected results, bolstered by the biggest first-quarter gain in pay-TV customers in nine years and growth in its business services, high-speed Internet and entertainment units.

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Apple upbeat on iPhone SE demand but some Asian retailers, suppliers less cheery

HONG KONG (Reuters) - After announcing its first-ever drop in iPhone sales on Tuesday, Apple Inc sought to reassure investors by saying its latest and cheapest model was in strong demand after being launched in late March. Some retailers and suppliers in Asia aren't so sure.

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Mitsubishi Motors says domestic orders halved since mileage cheating scandal

TOKYO (Reuters) - Mitsubishi Motors Corp said that domestic orders have halved since it revealed it cheated on mileage tests, intensifying concerns over whether it can survive considering its already chequered history of scandals.

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Comcast in talks to buy DreamWorks Animation for more than $3 billion: WSJ

(Reuters) - Comcast Corp, the largest U.S. cable operator, is in talks to buy Hollywood studio owner DreamWorks Animation SKG Inc for more than $3 billion, The Wall street Journal reported, citing people familiar with the matter.

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As iPhone sales slump, Apple bets on services from apps to music

SAN FRANCISCO (Reuters) - Apple Inc's first-ever drop in quarterly iPhone sales has spurred Chief Executive Tim Cook to turn the spotlight on prospects for its services business, but the field is rife with competition and may prove challenging for a brand based on gadgets.

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Oil prices jump on weak dollar, strong investor appetite

SINGAPORE (Reuters) - Crude oil futures rose half a dollar in early Asian trading on Wednesday and remained near 2016 highs on the back of strong investor sentiment and a weak dollar, although analysts warned this month's bull-run could soon run out of steam.

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Asia stocks subdued with central banks in focus, oil holds gains

TOKYO (Reuters) - Asian stocks were subdued on Wednesday, as investors stayed cautious ahead of U.S. and Japanese central bank policy decisions, while crude oil prices hovered near 2016 highs.

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Chipotle sales fall short despite free food; stock off 6 percent

LOS ANGELES (Reuters) - Chipotle Mexican Grill Inc's free food giveaways to lure back diners after a string of food safety lapses last year failed to revive sales as much as Wall Street expected and its stock dropped almost 6 percent.

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AT&T beats profit estimates on DIRECTV acquisition

(Reuters) - AT&T Inc , the No. 2 U.S. wireless carrier, reported a better-than-expected quarterly profit, largely helped by the acquisition of satellite TV operator DIRECTV.

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Twitter stock plunges after revenue misses estimates

(Reuters) - Twitter Inc reported lower-than-expected revenue for the first quarter, hurt by weaker than expected spending by big advertisers, and the microblogging service forecast current-quarter revenue well below analysts' expectations.

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Crude prices jump 3 percent on weak dollar, firmer oil product markets

NEW YORK (Reuters) - Oil markets rose about 3 percent on Tuesday as a tumbling dollar boosted commodities denominated in the greenback after bets the Federal Reserve will hold U.S. interest rates where they are.

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Apple revenue to shrink but options traders unfazed

NEW YORK (Reuters) - Apple Inc on Tuesday is likely to report its first decline in revenue in more than a decade, and analysts expect to hear bad news on iPhone sales, but traders in the options market are not running scared.

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Fed begins two-day policy meeting - official

WASHINGTON (Reuters) - The Federal Reserve started a two-day policy meeting on Tuesday, a Fed official said, in which the central bank is expected to leave interest rates steady.

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U.S. proposes bank funding ratio to discourage 'volatile' short-term funding

WASHINGTON (Reuters) - The top U.S. banking regulator on Tuesday released its proposal for establishing a Net Stable Funding Ratio, a final piece in the puzzle to strengthen banks' liquidity and discourage market-disrupting volatility.

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Rebound in U.S. durable goods orders below expectations

WASHINGTON (Reuters) - Orders for long-lasting U.S. manufactured goods rebounded less than expected in March as demand for automobiles, computers and electrical goods slumped, suggesting the downturn in the factory sector was far from over.

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Post-it maker 3M's profit beats estimates on lower costs

(Reuters) - Diversified manufacturer 3M Co reported a higher-than-expected 6.6 percent rise in quarterly profit, helped by lower costs.

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Fiat Chrysler first-quarter profit beats expectations but higher debt hits shares

MILAN (Reuters) - Fiat Chrysler Automobiles (FCA) on Tuesday reported a better-than-expected rise in first-quarter operating profit on strong North America performance and confirmed its full-year guidance, but higher debt disappointed, pushing shares lower.

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Thomson Reuters reports flat revenue for first quarter

(Reuters) - News and information company Thomson Reuters Corp on Tuesday reported flat first-quarter revenue, held steady by its Legal and Tax and Accounting businesses.

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U.S. workforce growth may give Fed one more reason to go slow on rates

RALEIGH, N.C. (Reuters) - Americans with a high school education or less are returning to the labor force in larger numbers, a trend that points to a broadening of economic growth, but could also keep wage growth subdued and stay the Federal Reserve's hand in its hiking cycle.

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Mitsubishi Motors says it used non-compliant mileage data for 25 years

TOKYO (Reuters) - Mitsubishi Motors Corp said it had used fuel economy testing methods that were not compliant with Japanese regulations for 25 years, much longer than previously known, and would set up an external committee to investigate the matter.

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Asian stocks wary ahead of Fed, oil loses momentum

TOKYO (Reuters) - Asian stocks were on the defensive on Tuesday after oil prices eased and as investors braced for central bank policy meetings in the United States and Japan later this week.

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U.S. approves Charter’s Time Warner Cable buy with conditions

WASHINGTON (Reuters) - The U.S. Justice Department on Monday gave antitrust approval to Charter Communications Inc's proposed purchase of Time Warner Cable Inc and Bright House networks, which would create the second-largest U.S. broadband provider and third-largest video provider.

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Valeant names Papa CEO after he resigns from Perrigo

(Reuters) - Valeant Pharmaceuticals International Inc named former Perrigo Co Plc head Joseph Papa as its chief executive officer on Monday to work on righting the company.

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U.S. new home sales fall amid weakness in the West

WASHINGTON, April 25 (Reuters) - - New U.S. single-family home sales unexpectedly fell in March, but the decline was concentrated in the West region, suggesting that the housing market continued to strengthen.

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Gannett offers to buy Tribune Publishing

(Reuters) - Gannett Co Inc, the publisher of USA Today, said it offered to buy Tribune Publishing Co but the publisher of the Los Angeles Times refused to begin constructive talks.

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Mitsubishi Heavy says too early to decide on support for Mitsubishi Motors

TOKYO (Reuters) - Mitsubishi Heavy Industries Ltd on Monday said it was too early to decide whether to offer support to sister company Mitsubishi Motors Corp , which is facing a financial hit after admitting to falsifying fuel economy data on its vehicles.

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Printer maker Xerox's revenue falls 4.2 percent

(Reuters) - Printer and copier maker Xerox Corp reported a 4.2 percent fall in its quarterly revenue, hurt by a strong dollar.

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Yieldcos enabled SunEdison's debt-fueled acquisition spree

(Reuters) - At an early 2015 investor conference, SunEdison’s then-chief financial officer, Brian Wuebbels, trumpeted the profit potential in the solar developer’s relationship with a venture it had recently spun off.

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Fed seen holding rates this week with hike still on horizon

NEW YORK/SAN FRANCISCO (Reuters) - U.S. Federal Reserve policymakers are expected to hold interest rates steady when they meet this week, but may tweak their description of the economic outlook to reflect more benign conditions, leaving the path open for future rate rises.

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VW brand chief 'confident' of solving cost-cutting row with labor

BEIJING (Reuters) - Volkswagen's top brand executive is confident that management and labor will solve a dispute over cost-cutting at the core autos division and signaled readiness on Sunday to meet some of workers' demands.

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Mitsubishi Motors may skip earnings forecast due to data scandal: source

TOKYO (Reuters) - Mitsubishi Motors Corp is unlikely to issue an earnings forecast for the current financial year when it announces annual results this week, due to uncertainty about the financial impact of its misleading fuel economy data, a person close to the company told Reuters on Sunday.

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Ford not interested in tie-up with Fiat Chrysler: CEO Fields

BEIJING (Reuters) - Ford Motor Co is not interested in a tie-up with Fiat Chrysler Automobiles NV , Chief Executive Mark Fields said on Saturday, when asked about FCA head Sergio Marchionne's remark that Ford could be a potential merger candidate.

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Glass Lewis tells Credit Suisse investors to reject pay packages: paper

VIENNA (Reuters) - Proxy adviser Glass Lewis has recommended shareholders in Credit Suisse reject the amount of remuneration set for the bank's management and board members, Swiss newspaper NZZ am Sonntag reported.

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Toshiba in final talks on new president; Tsunakawa top candidate: source

TOKYO (Reuters) - Japan's Toshiba Corp is in final talks to replace President Masashi Muromachi, with Senior Executive Vice President Satoshi Tsunakawa a leading candidate as it aims to turn the scandal-hit firm back to growth, a source told Reuters on Sunday.

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Volkswagen positive of China sales, plans more investments with JV partners

BEIJING (Reuters) - Volkswagen AG is optimistic that its positive sales trend from the two previous quarters will continue in China, the world's biggest auto market, its China chief Jochem Heizmann said on Sunday.

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Volkswagen takes $18 billion hit over emissions scandal

WOLFSBURG/FRANKFURT (Reuters) - Volkswagen (VW) said on Friday it would take a 16.2-billion-euro ($18.2 billion) hit to its 2015 results and slash its dividend to help pay for its emissions-test cheating scandal.

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Upside limited for 2016 even as earnings bottom

NEW YORK (Reuters) - Even with a spate of high-profile earnings disappointments in recent days from the likes of Caterpillar, Microsoft and Google's parent company, the profit recession that has dogged U.S. stocks since last fall is still expected to come to an end in the second half of this year.

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Bankruptcy judge puts off decision on SunEdison independent examiner

NEW YORK (Reuters) - A U.S. bankruptcy judge on Friday put off making a decision on SunEdison Inc's request for an independent examiner at the company's first day in court.

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Alphabet drops most in three years after first quarter but analysts upbeat

(Reuters) - Ruth Porat couldn't have been clearer: Alphabet Inc's chief financial officer said on Thursday that Google's parent needed to step up investment to boost traffic.

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Earnings drag Wall St. lower even as oil steadies

(Reuters) - Disappointing earnings reports from Microsoft and other major companies pushed Wall Street lower on Friday, overshadowing a surge in oil prices which lifted energy shares.

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Fed to hold rates in April but raise again in June: Reuters poll

(Reuters) - The U.S. Federal Reserve will keep interest rates steady at its policy meeting next week but economists held firm to their expectations for a rate hike in June and then another by the end of this year, a Reuters poll showed on Friday.

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GE profit tops estimates, but key revenue measure falls

NEW YORK (Reuters) - General Electric Co reported a higher-than-expected quarterly profit on Friday, but a closely watched revenue measure declined, raising questions about the company's full-year target.

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McDonald's U.S. comparable sales growth beats estimates

(Reuters) - McDonald's Corp reported a higher-than-expected rise in comparable sales at its U.S. restaurants as its all-day breakfast offerings brought in more customers.

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Caterpillar quarterly profit declines on weak equipment sales

(Reuters) - Caterpillar Inc. posted a lower quarterly net profit on Friday as slowing activity in global mining and construction hurt sales of machinery.

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Asian shares sag after cloudy U.S. earnings outlook

TOKYO/SINGAPORE (Reuters) - Asian shares slid from a 5 1/2-month high on Friday as disappointing earnings from U.S. blue chip companies poured cold water on the rally that took off in March.

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Mitsubishi Motors mileage scandal widens, U.S. regulator seeks information

TOKYO (Reuters) - Mitsubishi Motors Corp's fuel economy scandal broadened on Friday as U.S. auto safety authorities said they were seeking information and after reports that the automaker submitted misleading data on at least one more model than disclosed and likely several more.

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Uber drivers remain independent contractors as lawsuit settled

SAN FRANCISCO (Reuters) - Ride-hailing service Uber has agreed to pay up to $100 million to settle a class-action lawsuit which resolves a major challenge to its business model by allowing it to keep its California and Massachusetts drivers as independent contractors.

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Oil prices set for one of the biggest weekly rises in 2016

SINGAPORE (Reuters) - Oil prices rose in Asian trade on Friday, setting crude futures on course for one of their biggest weekly gains this year, as sentiment has become more upbeat despite ongoing oversupply.

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Microsoft profit misses estimates, shares fall

(Reuters) - Microsoft Corp's quarterly adjusted profit missed analysts' estimates as a continued slump in personal computer sales hurt the company's core Windows business, sending its shares down 4 percent in extended trading.

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Once fast-growing solar company SunEdison files for bankruptcy

(Reuters) - SunEdison Inc , once the fastest-growing U.S. renewable energy company, filed for Chapter 11 bankruptcy protection on Thursday as years of debt-fueled acquisitions proved unsustainable.

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No handouts, but ECB's Draghi pledges loose policy 'as long as needed'

FRANKFURT (Reuters) - European Central Bank President Mario Draghi brushed off German criticism of his ultra-loose monetary policy on Thursday and vowed to use all the tools at his disposal for "as long as needed".

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Wall Street weighed down by lower oil, weak earnings

(Reuters) - U.S. stock indexes were slightly lower on Thursday as oil prices fell and Travelers and Verizon reported weak results.

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Jobless claims hit 42-1/2 year low as labor market firms

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting its lowest level since 1973, suggesting the labor market continued to gain momentum despite weak economic growth.

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Blackstone earnings miss forecast in choppy markets

NEW YORK (Reuters) - Blackstone Group LP , the world's largest alternative asset manager, reported lower-than-expected economic net income of 31 cents per share for the first quarter as choppy financial markets dragged on investment returns.

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GM earnings beat estimates on strength in North America

DETROIT (Reuters) - General Motors Co on Thursday reported higher-than-expected quarterly earnings, citing strong results in North America and an improved performance in Europe.

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World stocks gain along with oil, clock ticks down to ECB

LONDON (Reuters) - World stock markets reached their highest level in almost five months on Thursday as higher oil prices improved risk appetite and the euro steadied before a European Central Bank meeting.

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Verizon's quarterly revenue rises 0.6 percent

(Reuters) - Verizon Communication Inc reported 0.6 percent rise in total operating revenue as heavy promotions helped the No. 1 U.S. wireless carrier attract more postpaid subscribers.

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Volkswagen shares surge as U.S. Dieselgate deal looms

FRANKFURT (Reuters) - Volkswagen shares jumped more than 6 percent early on Thursday on expectations that the carmaker was close to reaching a deal to buy back 500,000 diesel cars in the United States in a step toward resolving an emissions rigging scandal.

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Crude oil prices fall as major producers hint at output hike

SINGAPORE (Reuters) - Crude prices fell early on Thursday as concerns over a global glut took center stage after Russia and Iran said they were ready to raise oil production further, while inventories in the United States climbed slightly.

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Exclusive: VW to offer to buy back nearly 500,000 U.S. diesel cars - sources

WASHINGTON (Reuters) - Volkswagen AG and U.S. officials have reached a framework deal under which the automaker would offer to buy back almost 500,000 diesel cars that used sophisticated software to evade U.S. emission rules, two people briefed on the matter said on Wednesday.

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Oil up 4 percent on small U.S. crude build, talk of another producer meeting

NEW YORK (Reuters) - Oil prices rose 4 percent on Wednesday after a smaller-than-expected build in U.S. crude inventories offset glut worries stirred by the end of a Kuwaiti strike, and as oil bulls bet that major crude producers would meet again to try to curtail output.

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Trump leans toward replacing Fed chief if he wins White House

WASHINGTON (Reuters) - Republican presidential candidate Donald Trump would be inclined to replace Federal Reserve Chair Janet Yellen if he wins the White House despite supporting the U.S. central bank's efforts to keep interest rates low, he told Fortune magazine.

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In riposte to Riyadh, Russia says ready to ramp up oil output

MOSCOW (Reuters) - Russia said on Wednesday it was prepared to push oil production to new historic highs, just days after a global deal to freeze output levels collapsed and Saudi Arabia threatened to flood markets with more crude.

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Mitsubishi Motors admits manipulating fuel economy data, shares tumble

TOKYO (Reuters) - Mitsubishi Motors Corp admitted to manipulating test data to overstate the fuel economy of 625,000 cars sold in Japan, knocking its shares down more than 15 percent and wiping $1.2 billion off its market value on Wednesday.

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U.S. existing home sales surge; supply improves

WASHINGTON (Reuters) - U.S. home resales rebounded more than expected in March, suggesting the housing market recovery remained intact despite signs that economic growth probably stalled in the first quarter.

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Fed should better safeguard economic data, internal watchdog says

(Reuters) - The Federal Reserve should beef up its controls over embargoed economic information given to news outlets, the U.S central bank's internal watchdog said on Wednesday in a 38-page report dated April 15 and released publicly on Wednesday.

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Wall St. flat as strong earnings counter fall in oil

(Reuters) - U.S. stock indexes were little changed on Wednesday as encouraging earnings reports offset oil prices sliding on renewed concerns about global oversupply.

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Coca-Cola sales fall on strong dollar, weak Europe demand

(Reuters) - Coca-Cola Co's sales fell for the fourth straight quarter as demand for its fizzy drinks declined in Europe and a strong dollar eroded the value of sales in markets outside the United States, including Latin America.

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EU charges Google with abusing Android market dominance

BRUSSELS - The European Union charged Google on Wednesday with abusing the dominant position of its Android mobile operating system, opening a second front against the U.S. technology giant that could lead to large fines.

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Apple refused China request for source code in last two years: lawyer

WASHINGTON (Reuters) - Apple Inc has been asked by Chinese authorities within the last two years to hand over its source code but refused, the company's top lawyer told lawmakers on Tuesday in response to U.S. law enforcement criticism of its stance on technology security.

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Exclusive: Verizon set to make Yahoo's bidder short list - sources

(Reuters) - Verizon Communications Inc was set on Tuesday to advance to the second stage of bidding for Yahoo Inc's core assets, as the U.S. internet company went through offers to put together a short list, people familiar with the matter said.

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Asia shares touch six-month top, dollar on defensive

SYDNEY (Reuters) - Asian shares reached six-month peaks on Wednesday as a falling U.S. dollar and fading concerns about China lifted commodity prices and risk appetite generally.

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Yahoo revenue falls slightly less than expected

(Reuters) - Yahoo Inc's posted first-quarter revenue that beat analysts' estimates slightly, but the 11.3 percent decline shows the web pioneer's struggle to boost growth its core online search and display advertising business, which it is in the process of auctioning off.

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Intel to cut 12,000 jobs globally, CFO to move to new role

(Reuters) - Intel Corp said it would cut 12,000 jobs globally, or 11 percent of its workforce, as the company moves away from its traditional business of selling chips used in personal computers.

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Oil rises 3 percent as Kuwaiti strike cuts output for third day

NEW YORK (Reuters) - Oil prices jumped more than 3 percent on Tuesday after a strike by workers in Kuwait nearly halved the OPEC member's crude production, overshadowing bearish sentiment after Sunday's failure by producers to agree to freeze output levels.

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U.S. housing data adds to signs of weak first-quarter GDP growth

WASHINGTON (Reuters) - U.S. housing starts fell more than expected in March and permits for future home construction hit a one-year low, suggesting some cooling in the housing market in line with signs of a sharp slowdown in economic growth in the first quarter.

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Goldman Sachs revenue slumps to lowest in more than four years

(Reuters) - Goldman Sachs Group Inc's quarterly profit fell by more than half and revenue slumped to its lowest in more than four years as market volatility hit the Wall Street bank's bond trading and investment banking businesses.

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Global stocks rise as strike in Kuwait lifts oil prices

LONDON (Reuters) - Global stocks reached their highest levels since early December on Tuesday as oil prices rose, driven by a strike in Kuwait, and signs of economic stabilization in China improved demand for risky assets.

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J&J first-quarter sales rise marginally

(Reuters) - Johnson & Johnson reported a 0.6 percent rise in first-quarter sales, constrained by the strong dollar and Venezuela's currency devaluation.

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Anheuser-Busch InBev accepts Asahi offer for SAB's Peroni

LONDON (Reuters) - Anheuser-Busch InBev , the brewer which is in the process of acquiring rival SABMiller , said it accepted an offer from Japan's Asahi Group for Peroni and a group of other SAB beer brands.

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Debt-laden Valeant faces tough choices in asset sales

NEW YORK (Reuters) - As Valeant Pharmaceuticals considers a multibillion-dollar auction to pare down $30 billion in debt, its challenge will be choosing which assets to sell without compromising any of its key businesses, analysts and investment bankers said.

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Netflix second-quarter subscriber additions forecast misses estimates

(Reuters) - Video-streaming service provider Netflix Inc forecast both U.S. and international subscriber additions for the current quarter below analysts' expectation, sending its shares tumbling about 9 percent in after-hours trading.

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IBM's quarterly revenue falls 4.6 percent

(Reuters) - International Business Machines Corp reported a 4.6 percent fall in quarterly revenue, hurt by a strong dollar and muted IT spending amid global economic uncertainty.

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The global oil deal that never came to be

DOHA (Reuters) - It was supposed to be the easiest deal ever reached among key oil market players, a mere formality.

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Morgan Stanley's profit falls by more than half as trading slumps

(Reuters) - Morgan Stanley's quarterly profit fell by more than half as the Wall Street bank's fixed-income trading and investment banking businesses took a hit from market volatility early in the year.

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Stock futures down after talks on oil output freeze collapse

(Reuters) - U.S. stock index futures were lower on Monday as crude prices slipped after a much anticipated meeting of oil producers failed to result in a deal to freeze production.

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Oil prices slide after freeze deal failure

LONDON (Reuters) - Oil prices slid on Monday after a meeting between major producing nations on a proposed output freeze fell apart, leaving the world grappling with an excess of unwanted crude.

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PepsiCo sales fall 3 percent on strong dollar, weakness in Latin America

(Reuters) - PepsiCo Inc's quarterly sales fell 3 percent, the sixth straight quarter of decline, hurt by a strong dollar and weakness in some markets including Latin America and Europe.

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Exclusive: Chevron puts Myanmar gas block stakes worth $1.3 billion up for sale - sources

HONG KONG/SINGAPORE (Reuters) - U.S. oil and gas major Chevron Corp has put all of its Myanmar gas block stakes up for sale, which at a combined likely valuation of $1.3 billion, would be the biggest deal involving Myanmar assets to date, financial sources familiar with the matter said.

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How a boardroom feud left Brazilian steel giant on the brink

CUBATAO, Brazil (Reuters) - On a warm September morning in 2014, the 10-man board of Brazilian steelmaker Usiminas met on the ninth floor of a blue glass tower in Sao Paulo.

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UK economy faces permanent hit with Brexit: Osborne

LONDON (Reuters) - British finance minister George Osborne said a vote to leave the European Union in a referendum in June would do permanent damage to the country's economy, which he warned would be 6 percent smaller by 2030 than if it stayed in the bloc.

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Asian shares skid, crude tumbles after Doha deal fails

TOKYO (Reuters) - Tumbling crude oil futures knocked Asian shares on Monday after producers' weekend talks failed to agree a plan to curb the global supply glut, while Tokyo stocks slumped as investors assessed the impact of a devastating earthquake in southwestern Japan.

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Investors look for trough in profit downturn

NEW YORK (Reuters) - As earnings season shifts into high gear next week in what is expected to be the weakest U.S. quarterly results reporting period since 2009, the hope among some is that this is as bad as it's going to get.

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Doha oil producers close to agreeing output freeze: sources

DOHA (Reuters) - Oil producing countries meeting in Doha on Sunday appeared close to agreeing on an output freeze to prop up crude prices, the first such deal in 15 years, official sources told Reuters.

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U.S. Treasury readies new tax rules as G20 vows to fight evasion

WASHINGTON (Reuters) - The U.S. Treasury Department is finalizing new tax rules aimed at combating the use of shell companies to evade taxes, U.S. Treasury Secretary Jack Lew said on Saturday amid increased pledges by global finance leaders to cooperate on tax issues.

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Iran will not attend Doha oil freeze talks on Sunday: sources

(Reuters) - Iran will not attend a meeting between OPEC and non-OPEC member countries about freezing oil output levels scheduled for Doha, Qatar, on Sunday, two sources familiar with the situation told Reuters.

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Obama tax inversion rules may overstep authority: U.S. lawmaker

WASHINGTON (Reuters) - President Barack Obama's proposed rules to stop U.S. companies from reincorporating abroad, if only on paper, to avoid U.S. income taxes appear to overstep legal authority, a top Republican lawmaker said on Friday.

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Apple extends iPhone production cut for another quarter: Nikkei

(Reuters) - Apple Inc will continue its reduced production of iPhones in the quarter ending June in light of sluggish sales, the Nikkei business daily reported, citing parts suppliers notified of the plan.

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U.S. industrial output falls more than expected in March

WASHINGTON (Reuters) - U.S. industrial production fell more than expected in March as output declined broadly, the latest indication that economic growth braked sharply in the first quarter.

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Citigroup profit plunges 27 percent as trading revenue falls

(Reuters) - Citigroup Inc's quarterly profit plunged 27 percent as its trading revenue fell and its costs related to shrinking some businesses rose.

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Italy's Atlas fund struggles to stop sky falling on banks

MILAN (Reuters) - Italy has dubbed its new bank bailout fund Atlas, after the mythical Greek titan, because it is meant to hold up the sky above the nation's lenders. But some of the fund's own investors doubt that it can do the job.

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Komodo commerce: e-tailers battle in Southeast Asia

SINGAPORE/JAKARTA (Reuters) - With its $1 billion buy of online retailer Lazada, Alibaba has signaled Southeast Asia as a regional e-commerce battleground - with 600 million people, and no shortage of logistical headaches.

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Chinese economy shows signs of debt-fueled recovery

BEIJING (Reuters) - China posted its slowest economic growth since 2009 but a surge of new debt appears to be fueling a recovery in factory activity, investment and household spending in the world's second largest economy.

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Exclusive: Valeant calls in investment banks to weigh options - sources

(Reuters) - Valeant Pharmaceuticals International Inc has brought in investment banks to review its options amid interest from buyout firms and other companies in a number of its businesses, according to people familiar with the matter.

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Asia subdued before oil producers' meeting, dollar's advance slows

TOKYO (Reuters) - Asian stocks were off to a subdued start on Friday as caution toward a weekend meeting of oil producers tempered risk sentiment, while the dollar's advance slowed in wake of soft U.S. inflation data.

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'Let them sell their summer homes': NYC pension dumps hedge funds

NEW YORK (Reuters) - New York City's largest public pension is exiting all hedge fund investments in the latest sign that the $4 trillion public pension sector is losing patience with these often secretive portfolios at a time of poor performance and high fees.

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Verizon servicing current customers, delays new installations in strike

NEW YORK (Reuters) - A one-day-old strike by nearly 40,000 Verizon Communications Inc employees is causing equipment installation delays for new Internet and TV customers, a Verizon executive acknowledged on Thursday.

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Policymakers fret as storm clouds gather over world economy

WASHINGTON (Reuters) - World financial leaders sounded a sour note on the global economy on Thursday, pointing to Britain's possible exit from the European Union as a serious threat alongside China's bumpy growth path and dissent over interest rates in the euro zone.

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Fed to raise rates twice this year but conviction fading: Reuters poll

(Reuters) - The U.S. Federal Reserve will raise interest rates twice this year, most likely in June, but the probability has faded on signs of a weak start to the year, inflation that is still tame and a brittle global backdrop, a Reuters poll showed.

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Wall St. flat after bank earnings, economic data

(Reuters) - Wall Street was flat on Thursday as investors parsed earnings of big banks, while data pointed to strength in the labor market, despite sluggish economic growth.

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Bank of America hit by weak trading, provisions for energy loans

(Reuters) - Bank of America Corp, the No. 2 U.S. bank by assets, reported an 18 percent slide in quarterly profit on Thursday as its trading business was hit by concerns about a global economic slowdown and uncertainty about U.S. interest rates.

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U.S. jobless claims fall, revisit 1973 level

WASHINGTON, April 14 (Reuters) - - The number of Americans filing for unemployment benefits unexpectedly fell last week, revisiting a level last seen in 1973 as the labor market continues to strengthen despite a sluggish economy.

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BlackRock quarterly profit falls 20 percent

(Reuters) - BlackRock Inc , the world's largest asset manager, posted a 20 percent drop in first-quarter profit amid a dramatic reversal in financial markets.

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Oil falls as dark clouds appear ahead of producer meeting

SINGAPORE (Reuters) - Oil prices fell on Thursday as OPEC warned of slowing demand and Russia hinted that there would only be a loose agreement with little commitments at the upcoming exporter meeting to rein in ballooning oversupply.

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Asian shares gain on rising optimism on banks, China

TOKYO (Reuters) - Asian stock markets rose to their highest level in more than four months on Thursday, helped by optimism in the global banking sector and hopes of stabilization in the Chinese economy after solid trade data.

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Weak U.S. retail sales reinforce Fed caution on rate hikes

WASHINGTON (Reuters) - U.S. retail sales unexpectedly fell in March as households cut back on purchases of automobiles and other items, further evidence that economic growth stumbled in the first quarter.

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Wall Street rallies as JPMorgan drives bank stocks

(Reuters) - Wall Street rallied on Wednesday, boosted by JPMorgan's first-quarter results, and unexpectedly strong Chinese trade data raised hopes that the world's second-largest economy was recovering.

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JPMorgan beats Wall Street expectations in tough quarter for banks

(Reuters) - JPMorgan Chase & Co , the No. 1 U.S. bank by assets, reported a quarterly profit that topped low market expectations as lower costs and better-than-expected trading revenue helped soften the blow from a fall in investment banking fees.

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'Living wills' for five out of eight big banks fail U.S. regulators' test

WASHINGTON (Reuters) - Five out of eight of the country's biggest banks do not have credible plans for winding down operations during a crisis without the help of public money, federal regulators said on Wednesday.

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About 40,000 Verizon workers launch strike

(Reuters) - Verizon Communications Inc's wireline employees kicked off a strike on Wednesday after failing to reach an agreement with management on a new labor contract.

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Peabody, world's top private coal miner, files for bankruptcy

(Reuters) - Peabody Energy Corp , the world's largest privately owned coal producer, filed for U.S. bankruptcy protection on Wednesday in the wake of a sharp fall in coal prices that left it unable to service a recent debt-fueled expansion into Australia.

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Panama raids offices of Mossack Fonseca law firm

PANAMA CITY (Reuters) - Panama's attorney general late on Tuesday raided the offices of the Mossack Fonseca law firm to search for any evidence of illegal activities, authorities said in a statement.

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Drugmaker Valeant's bondholders intend to call default

(Reuters) - Valeant Pharmaceuticals International Inc said on Tuesday that it received a notice of default from its bondholders as a result of a delay filing its annual report.

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Asia shares rally with oil, wary of China trade data

SYDNEY (Reuters) - Asian share markets rallied on Wednesday as a revival in risk appetite knocked back the yen and oil ran into only modest profit-taking after reaching a major chart milestone that augured well for further gains ahead.

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Two Fed bank presidents backed rate hike ahead of last meeting

WASHINGTON (Reuters) - The heads of two regional Federal Reserve banks supported a rate hike ahead of the Fed's March meeting as an improving economy added to sentiment to tighten monetary policy.

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U.S. posts $108 billion budget deficit in March

WASHINGTON (Reuters) - The U.S. government posted a $108 billion budget deficit in March, more than double the amount from the same period last year, the Treasury Department said on Tuesday.

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IMF cuts global growth forecast, warns of stagnation risk

WASHINGTON (Reuters) - The International Monetary Fund cut its global growth forecast for the fourth time in the past year on Tuesday, citing China's slowdown, persistently low oil prices and chronic weakness in advanced economies.

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Band plays on, as global oil glut leaves supertankers in a huge jam

SINGAPORE (Reuters) - It may be the world's biggest traffic jam.

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Rise in U.S. import prices below expectations; petroleum costs jump

WASHINGTON (Reuters) - U.S. import prices rose in March for the first time in nine months as the cost of petroleum products increased, but the lingering effects of a strong dollar suggested inflation will continue to increase gradually.

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Alcoa profit falls; demand seen growing faster than supply

CHICAGO (Reuters) - Metals company Alcoa Inc on Monday reported a lower quarterly profit, with results hurt by low commodity prices, the strong U.S. dollar and plant closures or divestments, but the company's top executive said he expected aluminum demand to grow faster than supply this year.

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EU regulators resume scrutiny of Halliburton, Baker Hughes deal

EU competition regulators have resumed their scrutiny of U.S. oil industry services group Halliburton Co's plan to acquire smaller rival Baker Hughes , a deal which U.S. authorities say is uncompetitive and wants to block.

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Bullish yen weighs on Japan stocks, oil buoyant as dollar sags

TOKYO (Reuters) - Asian stocks made a subdued start on Tuesday, with Japanese shares dipping on a bullish yen, while commodities such as crude oil stood tall thanks to a sagging dollar.

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Wall Street closes lower as investors ready for earnings

(Reuters) - Wall Street closed slightly lower on Monday, with gains in materials and banks countered by declines in consumer staples shares, as investors girded for the start of an earnings season expected to be gloomy.

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Goldman Sachs to pay $5 billion in U.S. Justice Dept mortgage bond pact

(Reuters) - Goldman Sachs Group Inc has agreed to pay $5.06 billion to settle claims that it misled mortgage bond investors during the financial crisis, the U.S. Department of Justice said on Monday.

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SEC charges Texas attorney general for role in stock scam

(Reuters) - U.S. regulators charged Texas Attorney General Ken Paxton on Monday for his alleged role in a stock scam that defrauded investors in a Texas-based technology company called Servergy Inc.

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Tesla to recall 2,700 Model X SUVs over seat issue

SAN FRANCISCO (Reuters) - Tesla Motors Inc will recall 2,700 Model X sport utility vehicles in the United States due to a faulty locking hinge in the third-row seats that increases the risk the seats could fall forward in a crash, the electric car maker said on Monday.

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Volkswagen aiming to return to debt market as early as May: sources

FRANKFURT (Reuters) - Volkswagen is hoping to return to the bond market as early as May, people familiar with the matter said, aiming to raise billions of euros to replace the costly bank loan it has been relying on in the wake of its emissions test cheating scandal.

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Dell's SecureWorks valued at $1.42 billion in year's first tech IPO

(Reuters) - Dell Inc's [DI.Ul] cyber security unit, SecureWorks Corp, could be valued at up to $1.42 billion in its initial public offering, the first major U.S. listing of a technology company this year.

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Daily Mail parent in talks with private equity for Yahoo bid

LONDON (Reuters) - Britain's Daily Mail is in talks with potential partners to mount a joint bid for Yahoo's internet assets, eyeing a plan to buy the troubled U.S. Internet pioneer to help boost advertising revenues from the Mail's globally popular online news site.


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Microsoft offers first major endorsement of new EU-U.S. data pact

BRUSSELS (Reuters) - Microsoft became on Monday the first major U.S. tech company to say it would transfer users' information to the United States using a new transatlantic commercial data pact and would resolve any disputes with European privacy watchdogs.


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Wall Street higher as earnings season begins

(Reuters) - U.S. stock indexes were higher on Monday as investors awaited the start of the corporate earnings season, with Alcoa set to post first-quarter results after the market closes.











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Tata Steel sells UK Scunthorpe plant to Greybull Capital

LONDON (Reuters) - India's Tata Steel agreed to sell part of its British business to investment firm Greybull Capital on Monday, preventing thousands of job losses, and freeing it up to focus on the sale of its other big plant, in Wales.











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Chesapeake Energy's borrowing base maintained at $4 billion

(Reuters) - Chesapeake Energy Corp said its borrowing base was reaffirmed at $4 billion, but the company had to pledge additional assets as collateral.


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Asia shares start week on the back foot, dollar nurses losses

TOKYO (Reuters) - Asian stocks got off to a tentative start on Monday as Japanese markets wobbled, while the dollar nursed losses after a week in which it slipped to fresh lows against its major counterparts.


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Obama to meet Fed Chair Yellen on Monday

WASHINGTON (Reuters) - President Barack Obama will meet with U.S. Federal Reserve Chair Janet Yellen on Monday to discuss the economy and Wall Street reform, the White House said on Sunday.











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Exclusive: Bank of Italy conducting supervisory inspection at Bank of China offices

HONG KONG (Reuters) - The Bank of Italy is carrying out an on-site inspection at the Italian offices of Bank of China, a Chinese state-owned bank already facing accusations of aiding illicit money flows from Italy to China, a source familiar with the situation said.











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Tech start-ups snap at the heels of Asian private bankers

SINGAPORE (Reuters) - Scanning a bank statement into a computer may not sound particularly high-tech, but it's unsettling some of Asia's private bankers.


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U.S. banks' dismal first quarter may spell trouble for 2016

(Reuters) - It is only April, but some on Wall Street are already predicting a rotten 2016 for U.S. banks.


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TransCanada aims to restart shut Keystone pipeline by Sunday: company

(Reuters) - TransCanada Corp said it aims to restart the 590,000- barrel-per-day Keystone crude pipeline by Sunday, after it received American authorization to do so at reduced pressure.











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IMF supports move to negative rates by some central banks

WASHINGTON (Reuters) - The International Monetary Fund said on Sunday that a move to negative rates by some of the world's central banks would help deliver extra monetary stimulus and ease lending conditions.


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Bill Gross sees one or two Fed rate hikes in 2016: Barron's

(Reuters) - Bond manager Bill Gross predicts that the U.S. Federal Reserve will raise interest rates once or twice in 2016, according to an interview in Barron's.


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Volkswagen CEO seeks cut to board bonuses: sources

FRANKFURT (Reuters) - Volkswagen Chief Executive Matthias Mueller will push for a significant reduction in bonuses for the carmaker's management board on Monday, sources familiar with the matter told Reuters.











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Swiss banks face scrutiny over Panama Papers

ZURICH (Reuters) - Switzerland is stepping up scrutiny of its banks in response to the Panama Papers which have prompted a global outcry over allegations of tax avoidance.


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Societe Generale headquarters searched in Panama probe

PARIS (Reuters) - French tax police searched Societe Generale's headquarters this week as part of an investigation into offshore accounts revealed by the Panama Papers, the bank said on Sunday.











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Italy government calls meeting Monday to finalise bank fund plan: sources

ROME (Reuters) - Italy's largest banks will meet the Treasury and central bank on Monday to thrash out a plan to set up a state-backed fund to buy bad loans and plug capital shortfalls at its ailing banks, five sources familiar with the matter said on Sunday.


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Australia's big banks wander deeper into regulatory quagmire

SYDNEY (Reuters) - Australian banks famously rode out the 2008 financial crisis with barely a scratch, but no longer are they the exemplar of success, as a commodity rout ravages the economy and a growing storm of accusations over misconduct threatens to tar their name.











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TransCanada receives approval notice for Keystone pipeline restart

(Reuters) - TransCanada Corp said it received authorization from the Pipeline and Hazardous Materials Safety Administration on Saturday evening to restart the 590,000 barrel per day Keystone crude pipeline at reduced pressure.


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Egypt, Saudi Arabia sign 60 billion Saudi riyal investment fund pact

CAIRO (Reuters) - Egypt and Saudi Arabia signed an agreement late on Saturday to set up a 60 billion Saudi riyal investment fund among other investment agreements including an economic free-zone to develop Egypt's Sinai region, Egyptian state television reported.











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No intruder found after search at Exxon Baytown, Texas, refinery

HOUSTON (Reuters) - A seven-hour search for a possible intruder into Exxon Mobil Corp's Baytown, Texas, complex, which includes the nation's second-largest crude oil refinery, yielded no results, a spokesman for the Harris County Sheriff's Office said on Saturday.


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French bank chief 'more worried about sector now than in 2009'

CERNOBBIO, Italy (Reuters) - The chairman of France's second-biggest retail bank is more worried about Europe's banking sector now, in some ways, than when he took the reins at BPCE bank during the depths of the global financial crisis in 2009.


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IG Metall union presses Thyssenkrupp on jobs amid merger talk: paper

FRANKFURT (Reuters) - Germany's powerful IG Metall engineering union wants jobs protected amid talk that Thyssenkrupp and India's Tata Steel could combine their European steel operations, a union official was quoted as saying on Saturday.


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Financial turmoil at SunEdison imperils solar projects worldwide

LOS ANGELES (Reuters) - In November, solar energy giant SunEdison Inc reported that its project pipeline had grown by 75 percent in just a year, the result of an aggressive growth strategy.











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Italian banks' situation 'difficult but manageable': minister

CERNOBBIO, Italy (Reuters) - Italian banks can deal over the next two to three years with a pile of bad loans that grew during a deep recession, the country's economy minister said, adding that the situation of their balance sheets was "difficult but manageable".


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Panama law firm says it hasn't been approached by investigators yet

BERLIN (Reuters) - The founding partner of Mossack Fonseca, the Panamanian law firm hit by a huge leak of offshore financial data, told a German newspaper his company had not yet been approached by anyone as part of investigations.











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Suffering bank investors search for bright spots

NEW YORK (Reuters) - U.S. banks are generally expected to post dismal results when their earnings season gets under way next week, but some analysts say to dig deeper: the fine print in the results, and what bank bosses say, could actually help these long-suffering stocks bounce back.











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Shanghai wealth management firm comes crashing to earth as executives arrested

SHANGHAI (Reuters) - Zhongjin Capital Management made a splash in the past couple of years in Shanghai. The wealth management firm’s imposing branch office on Shanghai’s historic Bund pulled in many eager investors seeking the double-digit returns it promised on short-term financing products. It had a big profile, sponsoring popular Shanghai TV dating program "Saturday Date" and signed up domestic billiards star Pan Xiaoting as a spokesperson.


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Another ignition-switch case against GM dismissed

(Reuters) - General Motors Co settled another ignition-switch case after the plaintiff and the U.S. automaker agreed to a voluntary dismissal, according to a court filing.


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Wells Fargo reaches $1.2 billion U.S. mortgage settlement

(Reuters) - Wells Fargo & Co has formally reached a $1.2 billion settlement to end a U.S. Department of Justice lawsuit accusing it of knowingly deceiving the federal government into insuring thousands of risky mortgages.


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France, Germany halt Airbus export credit amid UK probe

PARIS/BERLIN (Reuters) - France and Germany have joined Britain in suspending export credit facilities for Airbus jet deliveries, expanding the fallout from a potential corruption probe in Britain, several people familiar with the matter said on Friday.


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U.S. government appeals court decision in MetLife 'too big to fail' case

WASHINGTON (Reuters) - The U.S. government on Friday appealed a court decision that major insurer MetLife cannot be considered "too big to fail" in the United States Court of Appeals for the District of Columbia, according to a filing.


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Twitter appoints Hugh Johnston and Martha Lane Fox to its board

(Reuters) - Twitter Inc named PepsiCo Inc Chief Financial Officer Hugh Johnston and Martha Lane Fox, co-founder of travel website lastminute.com, to its board on Friday in its latest management shakeup.











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Goldman Sachs pays CEO Blankfein $22.6 mln for 2015

(Reuters) - Goldman Sachs Group Inc paid Chief Executive Lloyd Blankfein $22.6 million for 2015, according to a regulatory filing on Friday, marking his first pay decline in four years.











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U.S. to continue appeal of iPhone data case in N.Y

(Reuters) - The U.S. Justice Department on Friday said it will move ahead with an appeal of a court ruling blocking the government from forcing Apple Inc to help unlock an iPhone in a drug case in New York.











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Starboard urges Depomed board to pursue a potential sale

(Reuters) - Activist investor Starboard Value LP, which has an economic stake of 9.8 percent in Depomed Inc , in a letter criticized the drugmaker's board over corporate governance deficiencies and other matters and urged it to explore a potential sale.











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FCC proposes reforming business data services market

WASHINGTON (Reuters) - The chairman of the U.S. Federal Communications Commission is proposing to reform the estimated $25 billion a year market for high-capacity data and voice connections, known as special access lines, to businesses.


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U.S. wholesale inventories fall sharply, point to weaker growth

WASHINGTON, April 8 (Reuters) - - U.S. wholesale inventories fell at their fastest pace in nearly three years in February,











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Hyundai recalls 173,000 Sonata cars in U.S.: filing

(Reuters) - Hyundai Motor Co will recall 173,000 model year 2011 Sonata cars in the U.S. market for a potentially defective power steering system, U.S. safety officials said in a filing on Friday.


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Yahoo extends deadline for bids by a week: Re/code

(Reuters) - Yahoo Inc has extended the deadline to bid for its businesses by a week to April 18, technology news website Re/code reported, citing people familiar with the matter.











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Surging oil, Yellen's comments drive futures higher

(Reuters) - U.S. stock index futures rose on Friday, boosted by a surge in oil prices and Federal Reserve Chair Janet Yellen's positive comments on the economy.


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Mercedes diesel owners file new lawsuit in United States

FRANKFURT (Reuters) - Owners of Mercedes diesel cars filed a new class-action lawsuit in the United States saying the vehicles likely contained a "defeat device" used to cheat emissions testing, an accusation that Daimler , which owns the carmaker, denied.


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U.S. says China internet censorship a burden for businesses

BEIJING (Reuters) - The United States has labeled China's internet censorship a trade barrier in a report for the first time since 2013, saying worsening online restrictions are damaging the business of U.S. companies.











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Investors stick with Pfizer CEO after Allergan deal scrapped

NEW YORK (Reuters) - Pfizer Inc Chief Executive Ian Read has investors standing behind him even after his second attempt at a huge tax-saving deal collapsed this week.











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Cyber fraudsters reap $2.3 billion through email wire-transfer scams

BOSTON (Reuters) - Businesses have lost billions of dollars to fast-growing scams where fraudsters impersonate company executives in emails that order staff to transfer to accounts controlled by criminals, according to the U.S. Federal Bureau of Investigation.


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Asian shares drop as banks come under pressure, yen soars

TOKYO (Reuters) - Asian shares extended losses to three-week lows on Friday after bank shares slumped globally, while the yen soared to a 17-month high against the dollar as investors unwound bets against the yen, calculating that any effort by Japan to drive down the yen would be vigorously opposed by other major economies.


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Oil prices rise on firm U.S., German growth; but traders warn of ongoing crude glut

SINGAPORE (Reuters) - Oil prices edged up early on Friday, lifted by firm economic indicators from the United States and Germany which could support fuel demand, but analysts warned that crude markets were threatened by another downturn because of ongoing oversupply.











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Fed's Yellen says U.S. still on track for more rate hikes

NEW YORK (Reuters) - The U.S. economy is on a solid course and still on track to warrant further interest rate hikes, Federal Reserve Chair Janet Yellen said on Thursday.


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Redstone lawyers in preliminary deal with ex-girlfriend: source

(Reuters) - Lawyers acting for Sumner Redstone have reached a preliminary settlement with an ex-girlfriend over a lawsuit that challenged the 92-year-old media mogul's mental competency, a person familiar with the situation said on Thursday.


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MetLife's 'too big to fail' tag is 'arbitrary, capricious': U.S. judge

WASHINGTON (Reuters) - Federal regulators' decision to designate insurer MetLife Inc as "too big to fail" was "arbitrary and capricious," the U.S. judge who struck down the determination last month wrote in an opinion that was unsealed on Thursday.











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Google mulls bid for Yahoo's core business: Bloomberg

(Reuters) - Alphabet Inc's Google unit is mulling a bid for Yahoo Inc's core business, Bloomberg reported, citing a source.











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Wall Street lower over rising global growth fears

(Reuters) - Wall Street was lower on Thursday as oil prices slid and investors worried that measures taken by central banks may not be enough to put the global economy back on track.


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Boeing CEO says sales at risk due to U.S. EXIM paralysis

(Reuters) - A delay in appointing members to the U.S. Export-Import Bank board threatens to cost Boeing Co sales, the company's chief executive said on Thursday, raising similar concern for General Electric and other U.S. companies that depend on the agency's export financing.


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Tesla says gets over 325,000 reservations for new Model 3 sedan

(Reuters) - Electric car maker Tesla Inc said on Thursday it has received more than 325,000 reservations for its new Model 3 sedan.











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Swiss banks told to fight money laundering, Geneva opens Panama probe

BERN/GENEVA (Reuters) - Swiss banks must clamp down on money laundering, the country's financial watchdog said on Thursday as the Geneva prosecutor opened a criminal probe after a massive document leak showed how offshore companies are used to stash clients' wealth.











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JPMorgan urges investors to vote down break-up proposal

(Reuters) - JPMorgan Chase & Co urged shareholders on Thursday to vote against appointing a committee to explore a break up of the bank, reiterating that splitting its businesses would not be in investors' best interests.


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Valeant gets extra month from lenders to file annual report

(Reuters) - Valeant Pharmaceuticals International Inc said on Thursday its lenders had agreed to give it an extra month to file its annual report, providing further reassurance to investors as the company attempts to win back their confidence.











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UK watchdog asks banks to check for any ties to Mossack Fonseca

LONDON (Reuters) - Britain's Financial Conduct Authority has asked 20 banks and other financial firms to check if they have any ties to Panama law firm Mossack Fonseca, the FCA said on Thursday.











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Tata Steel UK suitor to start due diligence in around 10 days

MUMBAI (Reuters) - Liberty House Group will start due diligence within a week from Monday on the loss-making UK assets that Tata Steel has put up for sale, its boss Sanjeev Gupta said, adding he was confident of turning the business around with government help.


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Seven & i's 83-year-old CEO quits after board rejects his proposal

TOKYO (Reuters) - The veteran boss of retail group Seven & i Holdings Co Ltd , who pioneered 24-hour convenience stores in Japan four decades ago, said on Thursday that he is stepping down to take responsibility for a failed management reshuffle.











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Geneva prosecutor opens inquiry linked to Panama Papers: Swiss media

GENEVA (Reuters) - The Geneva prosecutor said on Thursday he had launched a criminal inquiry in connection with the Panama Papers, which revealed the use of offshore companies, including many set up by lawyers and financial institutions in the Swiss city.


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Election stirs debate about Fed's handling of political pressure

WASHINGTON (Reuters) - Donald Trump says the Federal Reserve has stoked asset bubbles and backs a congressional review of its decisions. Bernie Sanders also wants to "audit" the Fed to make it less beholden to Wall Street. Ted Cruz calls for a return to a gold standard abandoned in 1933.











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Mega deals morph into mega problems for Wall Street

NEW YORK/LONDON (Reuters) - If 2015 was a dream year for Wall Street's top dealmakers, 2016 is starting to take a nightmarish turn.


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Malaysia parliament report calls for probe into 1MDB's ex-CEO

KUALA LUMPUR (Reuters) - A Malaysian parliamentary inquiry into 1Malaysia Development Bhd(1MDB) said the board of the troubled state fund had failed to carry out its responsibilities and its former chief must be further investigated.


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Yen surge squeezes Nikkei, oil up as dollar slips

SYDNEY (Reuters) - The yen powered to 17-month peaks on Thursday, trampling Japanese exporter stocks in the process, while a broadly soft dollar gave extra legs to a rally in oil prices.











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Oil prices up on U.S. inventory draw, but traders warn on premature rally

SINGAPORE (Reuters) - Crude futures were lifted by a raft of supportive indicators in early trading on Thursday, although some traders warned that physical supply and demand fundamentals did not warrant a strong price recovery at this stage.


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SunEdison setback may delay Modi's 'ultra mega' solar drive in India

MUMBAI (Reuters) - The likely collapse of SunEdison Inc's solar project in India, the first of 32 planned "ultra mega" complexes, could delay Prime Minister Narendra Modi's goal to increase renewable energy fivefold by several years and probably cost consumers more.


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Lindt & Spruengli names new head of U.S. business

ZURICH (Reuters) - Swiss chocolate group Lindt & Spruengli AG on Wednesday named U.S. sales chief Daniel Studer as head of its U.S. operations, replacing Thomas Linemayr, who is leaving the company at the end of April.


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Fed debated April rate hike but caution reigned due to global fears: minutes

WASHINGTON, April 6 (Reuters) - - Federal Reserve policymakers debated last month whether an interest rate hike would be needed in April though a consensus emerged that risks from a global economic slowdown warranted a cautious approach.


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Nokia to cut thousands of jobs following Alcatel deal

HELSINKI (Reuters) - Telecom network equipment maker Nokia is planning to cut thousands of jobs worldwide, including 1,400 in Germany and 1,300 in its native Finland, as part of a cost-cutting program following its acquisition of Alcatel-Lucent.











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Wall St. opens higher ahead of Fed minutes

(Reuters) - U.S. stocks opened higher on Wednesday as oil prices rose and investors awaited the release of minutes from the Federal Reserve's March meeting on monetary policy.


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Final U.S. retirement advice rule addresses industry, political concerns

WASHINGTON (Reuters) - The Obama administration on Wednesday unveiled its final version of a retirement advice rule aimed at ensuring that broker-dealers put their clients' interests ahead of their own profits, though it was softened in response to industry complaints.


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Pfizer and Allergan scrap $160 billion 'inversion' deal

(Reuters) - U.S. drugmaker Pfizer Inc and Ireland-based Allergan Plc formally announced that they were scrapping their $160 billion merger, marking a big win for President Barack Obama who has been pushing to curb tax-slashing "inversion" deals.


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Glencore sells agri unit stake for $2.5 billion to Canadian pension fund

LONDON (Reuters) - Commodity miner and trader Glencore has agreed to sell 40 percent of its agricultural unit to Canada's state pension fund for $2.5 billion, the company's latest step to cut debt and soothe investor concerns about the impact of weak commodity prices.


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Nokia plans to slash 1,300 jobs in Finland

HELSINKI (Reuters) - Nokia is planning to cut about 1,300 jobs in its native Finland following its acquisition of France's Alcatel-Lucent, the telecom network equipment maker said in a statement.


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Fiat Chrysler to invest $500 million to revamp Argentina plant

MILAN (Reuters) - Fiat Chrysler Automobiles will invest $500 million to revamp its Cordoba plant in Argentina where a new model will be produced next year.











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Top Chinese carmakers plot major push into India

NEW DELHI/BEIJING (Reuters) - China's top carmaker SAIC Motor Corp and Great Wall Motor , its biggest maker of SUVs, are spearheading the country's first major push into India, one of the world's fastest growing auto markets, as growth at home stagnates.


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Amazon chief Bezos defends corporate culture in letter to shareholders

SAN FRANCISCO (Reuters) - In a letter sent to shareholders on Tuesday, Amazon.com Inc's founder and chief executive, Jeff Bezos, defended the online retailer's corporate culture, which was the subject of a critical report by The New York Times last year.


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Asian shares soft as data casts shadow over global economy

TOKYO (Reuters) - Asian share prices won some reprieve on Wednesday after a sharp fall in the previous session, but gains were modest as soft economic data from the United States and Europe cast a shadow on the global economic outlook.


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Wal-Mart to switch to cage-free egg supply chain by 2025

(Reuters) - Wal-Mart Stores Inc said on Tuesday it was aiming to phase out the sale of eggs from caged hens by 2025, becoming the largest and most influential food retailer to set a deadline for switching to cage-free eggs.











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As Apple plots India push, Samsung stakes turf with revamped phones

MUMBAI/SEOUL (Reuters) - Samsung Electronics Co Ltd is regaining smartphone share in India with a revamped line-up packed with special features including a safety mode for motorcyclists, as rival Apple Inc readies a renewed push into the world's fastest-growing market.


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ADM starts expansion of Santos grain terminal in Brazil

SAO PAULO (Reuters) - U.S. trader Archer Daniels Midland said on Tuesday it has begun work on expanding its bulk grains terminal and silo space at Brazil's port of Santos.


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Justice Department will sue to stop Halliburton, Baker Hughes merger: source

(Reuters) - The U.S. Justice Department will file a lawsuit as soon as this week to stop oilfield services provider Halliburton Co from acquiring smaller rival Baker Hughes, a deal that would combine the No. 2 and No. 3 oil services companies, a source familiar with the matter said.











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Exclusive: Pfizer leaning toward abandoning deal with Allergan - source

(Reuters) - Drugmaker Pfizer Inc is leaning toward abandoning its $160 billion agreement to buy Allergan Plc in light of the U.S. Treasury's new measures to curb such tax evading deals, a source familiar with the situation said on Tuesday.


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U.S., Volkswagen may not reach emissions deal by April 21: gov't official

WASHINGTON (Reuters) - The top U.S. environmental official expressed uncertainty on Tuesday about whether the Obama administration and Volkswagen AG will meet an April 21 court deadline to come up with a plan to address excess emissions from 580,000 diesel vehicles sold in the country.


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U.S. trade data points to weak first-quarter growth

WASHINGTON (Reuters) - The U.S. trade deficit widened more than expected in February as a rebound in exports was offset by an increase in imports, the latest indication that economic growth weakened further in the first quarter.


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U.S. Treasury rules put Pfizer-Allergan deal in question

NEW YORK (Reuters) - The U.S. Treasury Department proposed new tax regulations late on Monday threw a series of proposed mergers into question, including Pfizer Inc's $160 billion agreement to buy Allergan Plc , causing Allergan shares to fall sharply.


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Ford announces new investment in Mexico amid election-year controversy

DETROIT/WASHINGTON/MEXICO CITY (Reuters) - Ford Motor Co, criticized by Republican presidential front-runner Donald Trump for manufacturing outside the United States, announced on Tuesday that it would invest $1.6 billion to build more small cars in Mexico, starting in 2018.


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Wall Street opens lower on uncertainty over rate hikes

(Reuters) - U.S. stocks opened lower on Tuesday as uncertainty loomed over the Federal Reserve's path for interest rate hikes.


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Twitter to stream NFL Thursday night games: Bloomberg

(Reuters) - Twitter has won a deal to broadcast Thursday night National Football League games online, Bloomberg reported on Tuesday, citing a source familiar with the matter.


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Oil slips to one-month low on unexpected U.S. demand drop

LONDON (Reuters) - Oil slipped to a one-month low on Tuesday after a surprise fall in gasoline demand in the United States, the world's largest oil consumer, and on doubts whether oil producers can agree an output freeze to dampen a global supply glut.


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Peugeot pledges sales drive in new mid-term plan

PARIS (Reuters) - French carmaker PSA Peugeot Citroen outlined plans for international expansion and a push into after-sales services, seeking to convince investors it can follow a lightning turnaround with sustained improvements in profitability.


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IMF chief amps up call to boost global growth as risks increase

FRANKFURT (Reuters) - International Monetary Fund Managing Director Christine Lagarde on Tuesday turned up the volume on her calls for stronger action by the world's economies to boost growth, warning that downside risks were increasing without decisive action.


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Fed's Evans repeats call for 'shallow' U.S. rate hikes

HONG KONG (Reuters) - A top Federal Reserve policymaker on Tuesday repeated his call for just two U.S. interest-rate hikes this year, saying that the risks to his forecast for economic growth are weighted to the downside.


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China state planner sees consumer, property prices rising in 2016: paper

BEIJING (Reuters) - China's consumer prices are likely to rise modestly this year while property prices in some major cities could climb, the state planner said in a report published in the China Securities Journal on Tuesday.


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Credit Suisse CEO Thiam targets bigger China presence

HONG KONG (Reuters) - Credit Suisse Chief Executive Officer Tidjane Thiam said on Tuesday the Swiss bank has been "underweight" in China and would look to build its wealth management capabilities in the world's second-biggest economy, despite slowing growth.


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Coffee wars: South Korea's cafe boom nears saturation point

SEOUL (Reuters) - South Korea's coffee shop craze is frothing over.


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Asian shares slip, crude oil extends losses

TOKYO (Reuters) - Asian shares slipped in early trade on Tuesday, pressured by losses on Wall Street against a backdrop of slumping crude oil prices and mixed messages on the outlook for U.S. monetary policy.


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U.S. issues new rules to curb corporate tax inversion deals

WASHINGTON (Reuters) - The U.S. Treasury Department on Monday took new steps to curb tax-avoiding "inversion" deals in which a U.S. company reincorporates overseas following the purchase of a foreign company, its latest attempt to dissuade a practice that slashes federal tax collection.


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Credit Suisse faces tough questions after $1 billion write-downs

ZURICH (Reuters) - On Jan. 19, Credit Suisse Chief Executive Tidjane Thiam contacted the head of the Swiss bank's markets business asking for more details about the fourth-quarter results at the trading division, according to materials seen by Reuters.











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Exclusive: Boeing to buy directly from new 737 aircraft seat maker

NEW YORK (Reuters) - Boeing Co said on Monday it had picked a new aircraft seat supplier for its most popular jet, the 737, a move that industry experts said adds competition to leading seat makers Zodiac Aerospace and B/E Aerospace .











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Disney COO Thomas Staggs to step down

(Reuters) - Walt Disney Co said on Monday Chief Operating Officer Thomas Staggs will step down effective May 6.


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Anheuser's Leffe is not Belgian 'abbey' beer: U.S. lawsuit

(Reuters) - Anheuser Busch Inbev SA has been sued by a U.S. beer drinker who claimed he was duped into believing its Leffe brand beer was brewed in a Belgian abbey, rather than mass produced in an automated factory that also makes Stella Artois.


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U.S. sues ValueAct over Halliburton-Baker Hughes deal disclosures

(Reuters) - The U.S. Department of Justice said it had sued activist investor ValueAct Capital for violating pre-merger notification requirements related to oilfield service provider Halliburton Co's deal to buy rival Baker Hughes Inc .











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U.S. top court rejects Wal-Mart, Wells Fargo class action appeals

WASHINGTON (Reuters) - The U.S. Supreme Court on Monday rejected two corporate challenges in class action cases, refusing to hear bids by Wal-Mart Stores Inc and Wells Fargo & Co to throw out large judgments against them.











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EU competition chief says unclear when Apple tax probe will be decided

BRUSSELS (Reuters) - A two-year investigation into whether Apple's tax deal with Irish authorities gave the iPhone maker an unfair advantage will take a lot longer because of the large amount of data involved, the EU antitrust chief said on Monday.


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U.S. factory orders fall; business spending on capital weak

WASHINGTON, (Reuters) - New orders for U.S. factory goods fell in February and business spending on capital goods was much weaker than initially thought, the latest indications that economic growth remained sluggish in the first quarter.











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Alaska Air to buy Virgin America for $2.6 billion

NEW YORK (Reuters) - Alaska Air Group Inc said on Monday that it would buy Virgin America Inc for $2.6 billion to compete more effectively with larger airlines and become the top carrier on the U.S. West Coast.











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Wall Street set for slightly higher open

(Reuters) - Wall Street looked set to open slightly higher on Monday after a string of recent economic reports pointed to strength in the U.S. economy.


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Tax evasion probes underway after Panama Papers leak

SYDNEY/PANAMA CITY (Reuters) - Tax authorities in Australia and New Zealand are probing local clients of a Panama-based law firm at the center of a massive data leak for possible tax evasion.











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From Silicon Valley to Main St, firms say SunEdison owes money

LOS ANGELES (Reuters) - Businesses ranging from Silicon Valley venture capitalists to a small Massachusetts solar installer say they are owed money by SunEdison Inc, underscoring the breadth of a breakneck expansion seen contributing to the solar and wind energy company's financial woes.


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Australian tax office probes hundreds for possible tax evasion after Panama leak

SYDNEY/WELLINGTON (Reuters) - The Australian Tax Office (ATO) said on Monday it is investigating more than 800 wealthy clients of a Panama law firm for possible tax evasion.











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Panama lawyer at center of data leak denounces attack on privacy

PANAMA CITY (Reuters) - The head of a Panama-based law firm at the center of a massive leak of offshore financial data on Sunday denied any wrongdoing, and said his firm has fallen victim to "an international campaign against privacy".


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Asian shares firm after U.S. jobs, dollar soft

TOKYO (Reuters) - Asian share prices held firm on Monday after solid U.S. payroll data underpinned investor risk sentiment while dovish comments from Federal Reserve Chair Janet Yellen the previous week kept the U.S. dollar in check.


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Suspicion and soured relationships sank Bouygues Telecom's deal

PARIS/LONDON (Reuters) - When French Prime Minister Manuel Valls phoned billionaire Martin Bouygues on Thursday evening in an attempt to save a merger between Bouygues Telecom and state-controlled Orange, it was already too late.











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UK firms putting plans on hold ahead of EU vote: survey

LONDON (Reuters) - Big British firms are delaying deals and hiring decisions ahead of a referendum on the country's European Union membership, a survey showed on Monday, adding to signs that uncertainty around the vote is weighing on the economy.


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Kashkari takes on Wall Street from farm-rich Fed region

(Reuters) - From his seat atop the Fed's smallest bank, in a region known for fracking, farming and ranching, Neel Kashkari wants to make sure he's heard well beyond the northern plains.











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Societe Generale to cut 128 jobs in its GBIS division: union

PARIS (Reuters) - French bank Societe Generale is planning to cut 128 jobs at its Global Banking & Investor Solutions division, the CGT union said in an e-mailed statement Sunday.











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Deutsche Bank loses top 3 investment bank rating, research firm says: Financial Times

(Reuters) - Deutsche Bank has fallen from third to fifth among the world's top investment banks, according to data released by financial industry research house Coalition.











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Blackstone Group considering $3.38 billion mall deal in Brazil: paper

RIO DE JANEIRO (Reuters) - Investment firm Blackstone Group LP hired advisers from JP Morgan Chase & Co. to consider acquiring a controlling stake in Brazilian shopping mall operator BR Malls Participacoes SA , a newspaper reported on Sunday.


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Japan's MUFG on hunt for M&A deals in U.S., Indonesia: top executive

TOKYO (Reuters) - Japan's biggest bank, Mitsubishi UFJ Financial Group (MUFG) , is on the lookout for acquisition opportunities in the United States and Indonesia as it pursues its goal of becoming a global financial powerhouse, the head of its core unit said.


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Exxon Mobil reaches agreement to restart crippled Torrance FCC

HOUSTON (Reuters) - Exxon Mobil has reached an agreement with California state regulators to restart a gasoline unit at its Torrance refinery in Los Angeles that went out of service in February 2015 following an explosion.











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Steam-trader.com - Trade platform Dota2, CS:GO, TF2, Gifts.

It is a unique traiding platform, allowing you to buy and sell cosmetic items of Dota 2, CS:GO, Team Fortress2 or Games (Gifts) for real money, at the best prices! Trading platform consists of four sections, which are interlinked by a shared wallet that will allow you to sell things in one section and buy them in another. Deposit and withdrawal funds available with the help of multiple payment systems. Earn - resting! Successful auction!

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Steam-trader - Торговая площадка Dota2, CS:GO, TF2, Gifts.

Это уникальная торговая площадка, позволяющая покупать и продавать Игры или Гифты (Gift) Steam, а так же вещи Dota 2, CS:GO, Team Fortress2 за реальные деньги, без комиссии! Торговая площадка состоит из четырех разделов, которые связанны между собой общим кошельком, что позволит вам продавать вещи в одном разделе и покупать их в другом. Пополнение счета и вывод средств доступно при помощи множества платежных систем.

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Bezos praises third Blue Origin launch-and-land rocket test as 'perfect'

SEATTLE (Reuters) - Jeff Bezos' space transportation company Blue Origin successfully launched and landed for the third time a suborbital rocket capable of carrying six passengers, taking another step on its path in developing reusable boosters, the company said on Saturday.


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Alaska Air nears deal to buy Virgin America for over $2 billion: sources

(Reuters) - Alaska Air Group Inc is nearing a deal to acquire Virgin America Inc , the ninth-largest U.S. airline by passenger traffic, for more than $2 billion, having outbid JetBlue Airways Corp , people familiar with the matter said on Saturday.











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Death by overwork on rise among Japan's vulnerable workers

TOKYO (Reuters) - Japan is witnessing a record number of compensation claims related to death from overwork, or "karoshi", a phenomenon previously associated with the long-suffering "salary man" that is increasingly afflicting young and female employees.


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Britain says government contracts must consider local steel firms

LONDON (Reuters) - Britain said on Sunday that all public sector contracts that involve steel supplies must specifically consider UK steel companies as part of plans to find a long-term solution for the country's steel industry.











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Nigeria's oil company offers to discuss revenue retention claims: NRGI

LAGOS (Reuters) - Nigeria's state oil company has offered to talk to an international watchdog that says it failed to hand over billions of dollars in oil revenues despite government promises to tackle mismanagement and corruption.


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Lenders eye start of Greek debt relief talks at IMF meetings in mid-April

BRUSSELS (Reuters) - Euro zone finance ministers are likely to start discussing debt relief for Greece on the sidelines of the IMF's spring meetings in mid-April, if there is a deal by then with Athens on a reform package, euro zone officials said.











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Brazil's Odebrecht hopes to renegotiate $9.83 billion in debt: paper

RIO DE JANEIRO (Reuters) - Odebrecht SA, Latin America's largest engineering company, hopes to renegotiate as much as 35 billion reais ($9.83 billion) in debt with Brazilian banks in order to get through a financial crisis sparked by its involvement in the country's biggest-ever graft probe, according to the Folha de S. Paulo newspaper.


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Greece demands IMF explanation over leaked debt transcript

ATHENS (Reuters) - Greece demanded an explanation from the International Monetary Fund on Saturday after an apparent leaked transcript suggested the IMF may threaten to pull out of the country's bailout as a tactic to force European lenders to more offer debt relief.











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Shareholder group fights pay package for Baer's Collardi, again

ZURICH (Reuters) - Julius Baer Chief Executive Officer Boris Collardi's 6.16 million-Swiss franc ($6.44 million) pay package has hit resistance, with a shareholder group announcing it will oppose the compensation at the April 13 annual general meeting.


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Russian oil output highest in 30 years ahead of Doha meeting

MOSCOW (Reuters) - Russia's oil production rose 0.3 percent to 10.91 million barrels per day in March, its highest level in nearly 30 years, raising questions over Moscow's commitment to freeze output ahead of a producers' meeting in Doha later in April.


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Britain's Cameron urges talks on steel crisis with China at G20

LONDON (Reuters) - Britain's Prime Minister David Cameron wants Britain and China to work together to tackle over-capacity in the steel industry and that the G20 could be a good forum to address it later in the year, his spokesman said on Saturday.











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Investors to sift for clues in Fed tug-of-war

NEW YORK (Reuters) - After enduring several weeks of conflicting comments by Federal Reserve officials that whip-lashed the U.S. stock market, befuddled investors could get a dose of clarity next week on where the Fed stands on its path toward rate hikes.











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Foxconn seals $3.5 billion takeover of Sharp as executives seek to shake off doubts

SAKAI, Japan (Reuters) - Foxconn and Sharp Corp on Saturday formally signed a long-awaited deal that would see the Taiwan firm take control of the Japanese display maker, as executives sought to dispel lingering doubts over whether Sharp can turn around its ebbing fortunes.


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Exxon Baytown laboratory workers accept contract extension

HOUSTON (Reuters) - The last group of union workers at Exxon Mobil Corp's giant Baytown, Texas, refining and petrochemical complex voted on Thursday and Friday to accept a contract extension, a union official said on Friday night.


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Ackman's fund falls 7 percent in March, hurt by Valeant

BOSTON (Reuters) - Billionaire investor William Ackman's Pershing Square Holdings, Ltd fund lost 7.1 percent last month, hurt largely by Valeant Pharmaceuticals' roughly 60 percent tumble in March.


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Venezuela to cut energy output if key dam falls to critical low

CARACAS (Reuters) - Venezuela will reduce power generation if the key Guri dam, which supplies around half of the blackout-hit country's electricity, falls below a minimum level that is fast approaching, an official said on Friday.


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SunEdison preparing to file for bankruptcy protection: WSJ

(Reuters) - SunEdison Inc is planning to file for bankruptcy protection in the coming weeks, The Wall Street Journal reported on Friday, citing people familiar with the matter.


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Exclusive: Time Inc considers taking on private equity partner for Yahoo bid

(Reuters) - Time Inc is considering partnering with a private equity firm on a bid for Yahoo Inc's core Internet assets, according to people familiar with the matter, as the U.S. publishing company seeks to boost its digital presence.











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California sues Morgan Stanley over mortgage losses

(Reuters) - The state of California sued Morgan Stanley on Friday, accusing the bank of concealing the risks of complex investments such as residential mortgage-backed securities, causing major losses for investors including the state's public pension funds.


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Orange and Bouygues $11.4 billion French telecoms deal collapses

PARIS (Reuters) - A proposed deal between state-controlled telecoms group Orange and Bouygues to create France's biggest telecoms operator collapsed on Friday, ending an attempt to ease a price war that has ravaged their margins.


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Fed's Mester doesn't want to wait too long on rate hike

NEW YORK (Reuters) - The Federal Reserve should still raise interest rates gradually this year given the economy's resilience, a top Fed official said on Friday, explaining she did not want to wait too long despite having supported last month's decision to stand pat.


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