Major internet providers say will not sell customer browsing histories

WASHINGTON (Reuters) - Comcast Corp, Verizon Communications Inc and AT&T Inc said Friday they would not sell customers’ individual internet browsing information, days after the U.S. Congress approved legislation reversing Obama administration era internet privacy rules.

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Fed signals it could promptly start shedding bonds from portfolio this year

NEW YORK (Reuters) - The Federal Reserve could begin shrinking its $4.5-trillion balance sheet as soon as this year, earlier than most economists expect, New York Fed President William Dudley said on Friday in the central bank's most definitive comments on the question that looms over financial markets.

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DuPont in asset deal with FMC, delays close of Dow merger

(Reuters) - DuPont said on Friday it would buy a unit of FMC Corp and sell its crop protection business to the company to win European Union approval for its merger with Dow Chemical , and delayed the deal's closing again.

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Consumer spending slows; inflation pushing higher

WASHINGTON (Reuters) - U.S. consumer spending barely rose in February amid delays in the payment of income tax refunds, but the biggest annual increase in inflation in nearly five years supported expectations of further interest rate hikes this year.

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Global shares lock in bumper first quarter, dollar eyes best week of year

LONDON (Reuters) - World stocks dipped on Friday as investors locked in some of the more than 6 percent gain that has given them their best start to a year since 2012, while the dollar inched toward what could be its strongest week of 2017 so far.

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J&J declares Actelion tender offer a success, sees closing in second quarter

ZURICH (Reuters) - Johnson & Johnson declared its $30 billion tender offer for Swiss biotechnology company Actelion successful on Friday, reporting it controlled 77.2 percent of the voting rights after the main offer period.

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EU offers Brexit trade talks, sets tough transition terms

VALLETTA/BRUSSELS (Reuters) - The European Union offered Britain talks this year on a future free trade pact but made clear in negotiating guidelines issued on Friday that London must first agree to EU demands on the terms of Brexit.

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FCC to vote to reform $45 billion business data market

WASHINGTON (Reuters) - The Republican head of the Federal Communications Commission on Thursday proposed easing regulatory requirements in the $45 billion business data services market, a win for companies like AT&T Inc, CenturyLink Inc, Verizon Communications Inc and others.

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Volkswagen settles 10 U.S. state diesel claims for $157 million

WASHINGTON (Reuters) - Volkswagen AG said on Thursday it has agreed to pay $157.45 million to settle environmental claims from 10 U.S. states over its excess diesel emissions, as the world's largest automaker looks to move past the scandal.

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Fourth-quarter economic growth revised higher, boosted by consumer spending

WASHINGTON (Reuters) - U.S. economic growth slowed less than previously reported in the fourth quarter as robust consumer spending spurred the largest increase in imports in two years.

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Euro dips as price data further dampens ECB hike bets

LONDON (Reuters) - The euro dipped and bond yields hit multi-week lows on Thursday as easing inflation in Spain and Germany led investors to row back further on expectations of when the European Central Bank might tighten monetary policy.

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Corporate America’s top shareholder referee gets tougher on activists

NEW YORK (Reuters) - Institutional Shareholder Services Inc, the world's top proxy advisory firm, is making activist investors work harder than ever to earn its backing in corporate control battles in a shift being led by the new man in charge of its recommendations.

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Toyota recalls 2.9 million vehicles globally over airbags

TOKYO (Reuters) - Toyota Motor Corp on Thursday said it was recalling a total of about 2.9 million vehicles in Japan, China, Oceania and other regions including its Corolla Axio sedan and RAV4 SUV crossover due to potentially faulty airbag inflators.

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Texas judge kicks Exxon climate lawsuit to New York court

HOUSTON (Reuters) - A federal judge in Texas on Wednesday kicked an Exxon Mobil Corp lawsuit seeking to thwart two states from pursuing a fraud case over climate change to a Manhattan court, saying his court wasn't the best place to resolve the dispute.

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Ackman apologizes for Valeant losses, calls bet a mistake

BOSTON (Reuters) - Billionaire hedge fund manager William Ackman has apologized to clients for betting on Valeant Pharmaceuticals International Inc , telling them he was "deeply and profoundly sorry" for losing so much of their money on the investment.

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Samsung launches Galaxy S8 and dreams of recovery from Note 7

SEOUL/NEW YORK - (Reuters) - Samsung Electronics Co Ltd unveiled its Galaxy S8 flagship smartphone as it battles to regain the market leadership it lost to Apple Inc after the embarrassing withdrawal of the fire-prone Note 7s.

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S&P, Dow weighed down by financial stocks; Nasdaq up

(Reuters) - The S&P 500 and the Dow were pressured by declines in financial stocks, while consumer discretionary shares lifted the Nasdaq.

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Pending home sales surge to 10-month high

WASHINGTON (Reuters) - Contracts to buy previously owned U.S. homes jumped to a 10-month high in February, pointing to robust demand for housing ahead of the spring selling season despite higher prices and mortgage rates.

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Deutsche Boerse, LSE merger plans rejected by EU regulators

BRUSSELS (Reuters) - EU antitrust regulators vetoed the proposed 29-billion-euro ($31.3 billion) merger of Deutsche Boerse and the London Stock Exchange on Wednesday, derailing the companies' latest attempt to create Europe's biggest stock exchange.

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Goldman Sachs reassures staff over Brexit in voicemail

LONDON (Reuters) - Goldman Sachs sought to reassure London-based staff over potential disruption to its business as Britain prepares to leave the European Union, in a voicemail to staff sent by the Wall Street firm's Europe CEO.

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Toshiba's Westinghouse files for bankruptcy as charges jump

TOKYO (Reuters) - Toshiba Corp's U.S. nuclear unit Westinghouse filed for Chapter 11 protection from creditors on Wednesday, as its Japanese parent seeks to limit losses that threaten its future.

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BlackRock cuts fees and jobs; stockpicking goes high-tech

NEW YORK (Reuters) - BlackRock Inc on Tuesday said it would overhaul its actively managed equities business, cutting jobs, dropping fees and relying more on computers to pick stocks in a move that highlights how difficult it has become for humans to beat the market.

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U.S. House committee approves bill to increase scrutiny of Fed

WASHINGTON (Reuters) - A Republican-controlled committee of lawmakers approved a bill on Tuesday to allow a congressional audit of Federal Reserve monetary policy, a proposal Fed policymakers have opposed and which faces an uncertain path to final approval.

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Trump to offer federal coal to industry awash in reserves

WASHINGTON (Reuters) - U.S. President Donald Trump's administration has billed his move to re-open federal lands to new coal leases as a win for miners seeking to expand production. But a review of company filings shows that coal miners with the most to gain already have enough leases in hand to last well over a decade.

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Consumer confidence hits 16-year high; house prices rise

WASHINGTON (Reuters) - U.S. consumer confidence surged to a more than 16-year high in March amid growing labor market optimism while the goods trade deficit narrowed sharply in February, suggesting the economy was regaining momentum after faltering at the start of the year.

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Einhorn's Greenlight Capital urges GM to create two share classes

(Reuters) - David Einhorn's hedge fund Greenlight Capital Inc urged General Motors Co to split its common stock into two classes, a proposal that was swiftly rejected by the carmaker.

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U.S. consumers most confident since 2000

(Reuters) - U.S. consumers' confidence in the economy rose in March to its highest level since December 2000, a survey showed on Tuesday, led by optimism for finding work and a brighter assessment of business conditions.

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Chinese tech giant Tencent takes 5 percent stake in Tesla

(Reuters) - Tesla Inc said on Tuesday that Chinese tech giant Tencent Holdings Ltd has invested $1.78 billion in the electric carmaker for a 5 percent stake.

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Trump: Ford to announce investments in three Michigan plants

WASHINGTON (Reuters) - U.S. President Donald Trump touted Ford Motor Co's expected announcement on Tuesday about investments and jobs at its U.S. plants, saying the automaker would make a major investment in three Michigan facilities.

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Exclusive: Citigroup to seek bids for Asia general insurance distribution deal - source

SINGAPORE (Reuters) - Citigroup Inc will seek bids from global insurers keen to sell general insurance products across the U.S. bank's Asia-Pacific markets, in a deal that could be worth at least $500 million, a source with knowledge of the matter told Reuters.

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Stocks recover, dollar off lows as markets move past Trump's policy stumble

LONDON (Reuters) - Stocks recovered while the dollar rose off four-month lows on Tuesday as anxiety over Donald Trump's setback on healthcare reform gave way to tentative hopes for the U.S. president's planned stimulus policies.

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Bill Gross, Pimco settle lawsuit over his exit for $81 million: sources

NEW YORK (Reuters) - Bill Gross has reached a roughly $81 million settlement of his lawsuit against Pacific Investment Management Co, ending a bitter 2-1/2-year drama over the well-known bond investor's abrupt departure from one of the world's biggest asset managers.

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After healthcare loss, investor faith wavers as Trump turns to taxes

(Reuters) - U.S. stocks slid on Monday amid concerns that Republican President Donald Trump may struggle to push a sweeping overhaul of the tax code through Congress in the wake of his party's failure last week to pass broad healthcare legislation.

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Hospitals shares surge as market absorbs Republican health-bill failure

NEW YORK (Reuters) - Shares of U.S. hospital operators surged on Monday after Republicans' pulled their healthcare bill, preserving for now the benefits that hospitals gained under Obamacare.

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Plateau in U.S. auto sales heightens risk for lenders: Moody's

DETROIT (Reuters) - As U.S. auto sales have peaked, competition to finance car loans is set to intensify and drive increased credit risk for auto lenders, Moody's Investors Service said in a report released on Monday.

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Snap shares rise as underwriters start coverage with 'buy'

(Reuters) - Snap Inc , owner of messaging app Snapchat, received top ratings from a number of its IPO underwriters on Monday, sending its shares up more than 3 percent in premarket trading.

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Toshiba wants Westinghouse to file for bankruptcy as early as Tuesday: source

TOKYO (Reuters) - Toshiba Corp wants its U.S nuclear unit to file for Chapter 11 protection from creditors as early as Tuesday, according to a source with direct knowledge of the matter, seeking a quick ringfencing of losses before the Japanese parent's financial year ends.

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EU antitrust regulators clear $130 billion Dow, DuPont merger

BRUSSELS (Reuters) - Dow Chemical and DuPont gained conditional EU antitrust approval on Monday for their $130 billion merger by agreeing to significant asset sales, one of a trio of mega mergers that will redraw the agrochemicals industry.

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Once golden, Robert Rubin's hedge fund proteges lose some luster

BOSTON/NEW YORK (Reuters) - Learning to invest on Goldman Sachs' risk arbitrage desk, made famous by leader Robert Rubin, was once seen as a fast track to fortune. But the band of hedge fund protégés who mastered their trade under the former Wall Street star and U.S. Treasury Secretary have stumbled in recent years.

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Exclusive: Shell and Anadarko mull clean break from Permian venture - executive

LONDON/HOUSTON (Reuters) - Royal Dutch Shell Plc and Anadarko Petroleum Corp may let a 10-year joint venture in the oil-rich Permian Basin of Texas expire and split their properties, hoping to speed up development, according to a senior Shell executive.

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U.S. equity futures at six-week low after Trump healthcare setback

(Reuters) - U.S. equity index futures fell to a six-week low on Sunday in a sign Wall Street would start the week defensively after Republicans pulled legislation to overhaul the U.S. healthcare system in a stunning setback for President Donald Trump.

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Equities take a spill on Trump healthcare setback; bonds shine

HONG KONG (Reuters) - Asian stocks are set to start the week on a cautious note as President Donald Trump's stunning failure to get healthcare reform passed raised concerns about the prospects for his plans to use fiscal stimulus to boost economic growth.

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OPEC, non-OPEC to look at extending oil-output cut by six months

KUWAIT (Reuters) - A joint committee of ministers from OPEC and non-OPEC oil producers has agreed to review whether a global pact to limit supplies should be extended by six months, it said in a statement on Sunday.

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China Southern Airlines in talks over American Airlines cooperation deal

SHANGHAI (Reuters) - China Southern Airlines is negotiating a potential strategic tie-up with American Airlines that could involve a share issue and other forms of business cooperation, it said on Sunday.

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Bull market not dead as tax reform takes spotlight

NEW YORK (Reuters) - The death of the Republican healthcare reform may not prove to be the knife to the heart of the bull market some had feared, but to keep the Trump Trade alive investors should temper expectations for the breadth of expected tax cuts.

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Chinese court rules in favor of Apple in local design patent disputes

BEIJING (Reuters) - A Chinese court has ruled in favor of Apple in design patent disputes between the Cupertino, California company and a domestic phone-maker, overturning a ban on selling iPhone 6 and iPhone 6 Plus phones in China, Xinhua news agency reported.

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Exclusive: Venezuela increased fuel exports to allies even as supply crunch loomed

HOUSTON/CARACAS (Reuters) - A gasoline shortage in OPEC member Venezuela was exacerbated by an increase in government-sanctioned fuel exports to foreign allies and an exodus of crucial personnel from state-run energy company PDVSA [PDVSA.UL], according to internal PDVSA documents and sources familiar with its operations.

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Trump says Charter to invest $25 billion in U.S., hire 20,000 workers

WASHINGTON (Reuters) - President Donald Trump said on Friday that Charter Communications Inc has committed to investing $25 billion and hiring 20,000 workers over four years.

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Trump administration grants permit for Keystone XL pipeline: TransCanada

(Reuters) - The United States has issued a presidential permit for TransCanada Corp's Keystone XL oil pipeline, the Canadian company said on Friday, ending a years-long battle between environmentalists and the industry over whether Washington should approve it.

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Healthcare vote delay worries stocks, dollar

LONDON (Reuters) - All eyes in global financial markets were fixed on stuttering Republican efforts to pass a replacement for Obamacare on Friday, with failure likely to undermine faith in Donald Trump’s promise to deliver a "phenomenal" U.S. tax reform.

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PPG to make case for Akzo acquisition to Dutch government officials

AMSTERDAM (Reuters) - The chief executive of U.S. paint maker PPG meets Dutch government officials on Friday to make the case for its proposed 22.7 billion euro ($24.5 billion) takeover of Dutch peer AkzoNobel .

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All drill, no frack: U.S. shale leaves thousands of wells unfinished

NEW YORK (Reuters) - U.S. shale producers are drilling at the highest rate in 18 months but have left a record number of wells unfinished in the largest oilfield in the country – a sign that output may not rise as swiftly as drilling activity would indicate.

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Oil edges up as Saudis cut supplies to U.S., but global glut remains

SINGAPORE (Reuters) - Oil prices edged up on Friday, supported by a fall in Saudi exports to the United States, but overall markets remained under pressure on the back of a world market awash with fuel.

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New home sales hit seven-month high; jobless claims rise

WASHINGTON (Reuters) - New U.S. single-family home sales jumped to a seven-month high in February, suggesting the housing market recovery was gaining momentum despite higher prices and rising mortgage rates.

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U.S. Senate votes to overturn Obama broadband privacy rules

WASHINGTON (Reuters) - The U.S. Senate on Thursday voted narrowly to repeal regulations requiring internet service providers to do more to protect customers' privacy than websites like Alphabet Inc's Google or Facebook Inc .

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State Dept. to approve Keystone pipeline permit: Politico

WASHINGTON (Reuters) - The U.S. State Department will approve by Monday the permit needed to proceed with construction of the Canada-to-United States Keystone XL oil pipeline, a project blocked by former President Barack Obama, according to Politico.

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Wall Street opens flat; all eyes on healthcare vote

(Reuters) - Wall Street was little changed in early trading on Thursday amid signs that President Donald Trump is struggling to get enough votes to pass a healthcare bill in Congress.

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Global stocks, bonds cheer bumper ECB cash handout

LONDON (Reuters) - Euro zone stocks and bonds rallied on Thursday as banks snapped up almost quarter of a trillion euros of interest-free European Central Bank cash in what the ECB hopes will be the last outing for one of its main crisis-fighting tools.

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Fed's Yellen does not comment on monetary policy

WASHINGTON (Reuters) - Federal Reserve Chair Janet Yellen did not address monetary policy or the economic outlook in prepared remarks for a childhood education conference in Washington on Thursday.

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As Trump targets energy rules, oil companies downplay their impact

BOSTON (Reuters) - President Donald Trump’s White House has said his plans to slash environmental regulations will trigger a new energy boom and help the United States drill its way to independence from foreign oil.

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Diamond group De Beers buys out retail partner LVMH

PARIS (Reuters) - Anglo American's diamond specialist De Beers has bought the 50 percent stake held by French luxury goods group LVMH in De Beers Diamond Jewellers for an undisclosed amount, taking full ownership of the retail operation.

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Oil bounces off November lows, but bloated U.S. stockpiles pressure market

SINGAPORE (Reuters) - Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC-led efforts to curb global production.

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Exclusive: Westinghouse's clients gear up for bankruptcy fight - sources

(Reuters) - The U.S. utilities that are clients of Toshiba Corp's nuclear power plant construction subsidiary, Westinghouse Electric Co LLC, have hired advisers to prepare for its potential bankruptcy, according to people familiar with the matter.

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Slide in U.S. infrastructure stocks sign of 'Trump trade' weakness

NEW YORK (Reuters) - If the swoon this week in financials was one sign of the Trump trade running out of fuel, recent weakness in transportation and infrastructure shares is another.

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Hospital, Medicaid insurer shares set for volatility as health vote nears

NEW YORK (Reuters) - The slumping U.S. healthcare stocks at the center of efforts to dismantle the Affordable Care Act are expected to stay volatile as Republican legislation heads into a vote on Thursday that could signal how protracted their battle to repeal the law will be.

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Trump Tantrum looms on Wall Street if healthcare effort stalls

NEW YORK (Reuters) - The Trump Trade could start looking more like a Trump Tantrum if the new U.S. administration's healthcare bill stalls in Congress, prompting worries on Wall Street about tax cuts and other measures aimed at promoting economic growth.

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Snap pops 9 percent after winning second 'buy' recommendation

SAN FRANCISCO (Reuters) - Shares of Snap Inc jumped 9 percent on Wednesday after the owner of messaging app Snapchat received a second analyst "buy" rating following a red-hot public listing this month and with Wall Street skeptical about its lofty valuation.

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Sears shares sink as creditors, investors fret over going-concern risk

(Reuters) - Sears Holdings Corp's shares slumped 16 percent on Wednesday as bondholders and investors questioned how long the retailer could remain in business, a day after the company flagged going-concern doubts.

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GE cuts cost outlook for industrial unit after talks with Trian

(Reuters) - General Electric Co said it lowered its target for structural costs at its industrial business for this year and the next, after discussions with activist shareholder Nelson Peltz's Trian Fund Management.

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U.S. existing home sales fall from 10-year high

WASHINGTON (Reuters) - U.S. home resales fell more than expected in February amid a persistent shortage of houses on the market that is pushing up prices and sidelining potential buyers.

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Behind the scenes, bank lobbyists temper expectations for Dodd-Frank overhaul

(Reuters) - Bank lobbyists who opened the Trump era with great expectations for sweeping regulatory reform are privately striking an increasingly dismal tone as hopes for a quick and thorough rewrite of Dodd-Frank legislation dim.

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Sears warns of 'going concern' doubts

(Reuters) - Sears Holdings Corp , once the largest U.S. retailer, warned on Tuesday about its ability to continue as a going concern after years of losses and declining sales.

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Hot U.S. real estate a potential red flag: Fed's Rosengren

(Reuters) - The run-up in U.S. real estate prices could potentially amplify any future economic downturn, a Federal Reserve official said on Tuesday, urging regulators globally to consider tools beyond interest rates that could help cool the sector.

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Asia firms' confidence hits near two-year high on U.S., China pick-up: Thomson Reuters/INSEAD

BEIJING (Reuters) - Business sentiment at Asia's top companies rose to its highest in almost two years in the first quarter of 2017, buoyed by positive economic signs from the United States and China that underpinned improved global demand, a Thomson Reuters/INSEAD survey showed.

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Uber board backs CEO Kalanick, still looking for chief operating officer

SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] plans to keep co-founder Travis Kalanick as chief executive following a series of damaging events at the ride services company, a member of its board said on Tuesday in a rare call with reporters.

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Markets fret as Trump agenda shows signs of cracks

NEW YORK (Reuters) - The steepest pullback in stocks since the U.S. presidential election reveals investor angst about President Donald Trump's ability to push through major reforms, leaving stocks vulnerable to a long-anticipated correction.

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Wall Street should avoid cutting foreign bank ties: U.S. regulator

WASHINGTON/ST LOUIS (Reuters) - U.S. banks should not cut ties with foreign clients over money- laundering worries unless officials have concrete cause for concern, a leading U.S. regulator is telling staff and lenders.

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Google to revamp policies, hire staff after UK ad scandal

LONDON (Reuters) - Google vowed on Tuesday to police its websites better by ramping up staff numbers and overhauling its policies after several companies deserted the internet giant for failing to keep their adverts off hate-filled videos.

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Goldman to move hundreds of staff from London pre-Brexit: Europe CEO

LONDON (Reuters) - Goldman Sachs will begin moving hundreds of people out of London before any Brexit deal is struck as part of its contingency plans for Britain leaving the European Union, the Wall Street firm's Europe CEO said.

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Hyundai Motor shares rally on restructuring hope

SEOUL (Reuters) - Hyundai Motor Co shares extended their rally on Tuesday, rising nearly 9 percent on hopes the automaker and its affiliates will be restructured.

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Wal-Mart to launch investment arm in e-commerce push

(Reuters) - Wal-Mart Stores Inc, the world's largest retailer, will launch its first investment arm to expand its e-commerce business in partnership with retail start-ups, venture capitalists and entrepreneurs, the company said on Monday.

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Snap snaps back after analyst assigns first 'buy' rating

SAN FRANCISCO (Reuters) - Snap Inc stock rose on Monday after the Snapchat owner received its first "buy" rating from a Wall Street analyst following a $3.4 billion public listing this month that raised the eyebrows of many on Wall Street.

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China prepares to counter any U.S. trade penalties: sources

BEIJING (Reuters) - China's government has been seeking advice from its think-tanks and policy advisers on how to counter potential trade penalties from U.S. President Donald Trump, getting ready for the worst, even as they hope for business-like negotiations.

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French watchdog clears GM's Opel of cheating on diesel emissions

PARIS (Reuters) - France's consumer fraud watchdog said on Monday it had closed its investigation into diesel emissions by Opel cars and would take no further action against the General Motors brand.

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Asia stocks mixed, dollar slips as Fed continues to weigh

SINGAPORE (Reuters) - Asian stocks were mixed on Monday in thin trade, following Wall Street's declines and the G20's decision to drop a pledge to avoid trade protectionism, while the Federal Reserve's less hawkish-than-expected comments continued to drag the dollar lower.

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Albertsons held preliminary merger talks with Sprouts: Bloomberg

NEW YORK (Reuters) - Grocery business Albertsons Cos held preliminary talks to merge with Sprouts Farmers Market Inc , Bloomberg reported on Sunday, citing people familiar with the situation.

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Uber president Jeff Jones quits as turmoil continues

SAN FRANCISCO (Reuters) - Ride services company Uber Technologies Inc [UBER.UL] has been thrust deeper into turmoil with the departure of company president Jeff Jones, a marketing expert hired to help bolster its reputation.

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Unilever prepares 6 billion pound sale of food brands: newspapers

LONDON (Reuters) - Unilever is preparing a 6 billion pound ($7.44 billion) sale of some of its food brands, British newspapers reported on Saturday.

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MoneyGram to give Euronet confidential info to firm up bid: sources

(Reuters) - U.S. electronic payments company MoneyGram International Inc will share confidential information with peer Euronet Worldwide Inc , after the latter made a $1 billion acquisition offer, according to people familiar with the matter.

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G20 trade wording considered a setback for export champion Germany

BADEN-BADEN (Reuters) - The failure of the world's financial leaders to agree on resisting protectionism and support free trade marks a setback in the G20 process and poses a risk for growth of export-driven economies such as host Germany, economists said on Sunday.

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VW CEO offices searched in Audi investigation: Bild am Sonntag

FRANKFURT (Reuters) - Munich prosecutors searched the offices of Volkswagen Chief Executive Matthias Mueller as part of an investigation into diesel emission test cheating at Audi, German weekly Bild am Sonntag said.

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Post-Fed boost for small-cap stocks may be limited

NEW YORK (Reuters) - Small-cap stocks benefited from a dovish lining to the U.S. Federal Reserve's decision to raise interest rates this past week, but strategists warn it will take more to make these pricey stocks outperform their larger brethren in the long haul.

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U.S. judge signs Peabody bankruptcy exit after environmental deal

CHICAGO (Reuters) - A U.S. judge formally approved Peabody Energy Corp's plan to emerge from bankruptcy late Friday after the coal producer struck a settlement with the U.S. government over legacy environmental claims at a gold and metal mining subsidiary.

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Wall Street bonuses may show first uptick since 2009, firm says

(Reuters) - Wall Street bonuses may climb as much as 15 percent this year in their first meaningful uptick since 2009, compensation firm Johnson Associates Inc said on Friday.

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Japan not considering support for Toshiba, sharing information with U.S.

TOKYO (Reuters) - The Japanese government said it was not considering steps to support embattled Toshiba Corp and will share information with Washington on developments involving the firm and its U.S. nuclear unit Westinghouse.

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Exclusive: China's LeEco, Tesla wannabe, to sell Silicon Valley site amid cash crunch - sources

HONG KONG (Reuters) - Chinese technology conglomerate LeEco is looking to sell a 49-acre U.S. Silicon Valley property less than a year after buying it from Yahoo Inc, sources said, in what is the latest effort by the firm to ride out a cash crunch.

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Missing from Trump's grand Navy plan: skilled workers to build the fleet

WASHINGTON (Reuters) - U.S. President Donald Trump says he wants to build dozens of new warships in one of the biggest peace-time expansions of the U.S. Navy. But interviews with ship-builders, unions and a review of public and internal documents show major obstacles to that plan.

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South Korea court reassigns Samsung chief's case amid questions about judge's connections

SEOUL (Reuters) - A South Korean court said on Friday it has reassigned Samsung Group chief Jay Y. Lee's bribery trial to another judge, following questions about the previous judge's connection to a woman Lee is accused of bribing.

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Snap shares drop 4 percent, fall below $20 for the first time

SAN FRANCISCO (Reuters) - Snap Inc shares tumbled below $20 on Thursday for the first time since the company's $3.4 billion public listing after the Snapchat owner received another "sell" rating from an analyst.

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Asia stocks set to end week higher, dollar slides after Fed

SINGAPORE (Reuters) - Asian stocks crawled higher in early trade on Friday, set for its best week since September, while the dollar continued the slide that began after the Federal Reserve indicated it was unlikely to speed up monetary tightening.

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Caterpillar asks ex-U.S. attorney general to help address govt probe

(Reuters) - Caterpillar Inc said it had retained former U.S. Attorney General William Barr as outside counsel and tasked him to help the company address an ongoing government investigation of its import and export practices.

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U.S. housing, factory data underscore economy's resilience

WASHINGTON (Reuters) - U.S. homebuilding jumped in February as unseasonably warm weather boosted the construction of single-family houses to near a 9-1/2-year high, suggesting the economy remained on solid ground despite an apparent slowdown in the first quarter.

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Exclusive: Venezuela's cash-strapped PDVSA offers Rosneft oil stake - sources

CARACAS/HOUSTON (Reuters) - Venezuelan state oil company PDVSA has offered Russian counterpart Rosneft a stake in a joint venture in the country's Orinoco Belt extra-heavy crude area, five industry sources said, in a sign of the Latin American nation's dire economic situation and Moscow's growing muscle there.

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Fed raises rates as job gains, firming inflation stoke confidence

WASHINGTON (Reuters) - The U.S. Federal Reserve raised interest rates on Wednesday for the second time in three months, a move spurred by steady economic growth, strong job gains and confidence that inflation is rising to the central bank's target.

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Futures up on Fed's dovish rate-hike outlook

(Reuters) - U.S. stock index futures rose on Thursday after the Federal Reserve raised interest rates for the first time this year, but indicated it was in no hurry to increase the pace of tightening.

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Fed rate moves could spell end to Asian easing

SINGAPORE (Reuters) - The long cycle of falling interest rates in Asia could be over after the U.S. Federal Reserve's third rate rise in 15 months was followed quickly by monetary tightening in the world's second-biggest economy, China.

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Yahoo cyber indictment shows Kremlin, hackers working hand-in-hand

WASHINGTON (Reuters) - Wednesday's indictments in the United States of four people in a 2014 cyber attack on Yahoo Inc provides the clearest details yet on what some U.S. officials say is a symbiotic relationship between Moscow's security services and private Russian hackers.

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Dollar crunched, bonds boosted as Fed goes gradual

SYDNEY (Reuters) - The dollar nursed bitter losses in Asia on Thursday while sovereign bonds savored their biggest rally in nine months after the Federal Reserve hiked interest rates as expected but signaled no pick up in the pace of tightening.

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GoPro expects first-quarter revenue at top end of previous forecast

(Reuters) - GoPro Inc on Wednesday estimated its first-quarter revenue at the top end of its previous forecast, and said it would cut about 270 jobs to reduce expenses in a bid to return to profitability in 2017.

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Tesla to raise about $1.15 billion from stock and notes offering

(Reuters) - Tesla Inc said on Wednesday it expects to raise about $1.15 billion from stock and senior notes offering, as the electric car maker accelerates the launch of its new Model 3 electric sedan.

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Gundlach expects short-term rally in U.S. Treasuries on Fed: CNBC

NEW YORK (Reuters) - Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Wednesday he expected a short-term rally in U.S. Treasuries and that investors should "use the strength" in U.S. stocks to take profits and diversify in overseas markets.

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Snap shares hit new low in choppy trading as valuation concerns mount

(Reuters) - Shares in Snap Inc hit a fresh low on Wednesday, falling as much as 2.6 percent before clawing back some losses in choppy trading as analysts questioned the company's prospects.

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AT&T's $85.4 billion deal for Time Warner wins EU thumbs-up

(Reuters) - AT&T Inc has won approval from the European Commission for its planned $85.4 billion acquisition of Time Warner Inc, the No. 2 U.S. wireless carrier said on Wednesday.

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Futures slightly higher as focus shifts to Fed

(Reuters) - U.S. stock index futures were slightly higher on Wednesday as investors focused on a Federal Reserve meeting, where the central bank is widely expected to raise interest rates for the second time in three months.

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Toshiba shares slide as crisis deepens, fate of Westinghouse unclear

TOKYO (Reuters) - Shares in Toshiba Corp tumbled on Wednesday after it said it would consider a sale of Westinghouse but did not offer any clarity on whether it would proceed with a Chapter 11 filing for the U.S. nuclear unit - a move that could stem losses.

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Valeant shares fall as Ackman exit highlights company's challenges

BOSTON (Reuters) - Valeant Pharmaceuticals Inc's stock price fell to its lowest level in eight years on Tuesday after the abrupt exit of its biggest supporter put renewed focus on the Canadian company's most pressing problem: raising capital to cut its roughly $30 billion debt pile.

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Asian stocks ease, cautious ahead of central bank announcements

HONG KONG (Reuters) - Asian equities opened slightly lower, as investors stayed cautious awaiting the outcome of several central bank meetings later on Wednesday.

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Washington Post software deal a double win for Bezos

(Reuters) - Billionaire Jeff Bezos scored a double win this week as the Washington Post, the newspaper he bought in 2013, signed its biggest contract to date to sell web publishing tools mostly hosted by Amazon.com Inc , the company he founded and runs.

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McDonald's, late to mobile ordering, seeks to avoid pitfalls

CHICAGO (Reuters) - McDonald's Corp this month will begin testing its long-awaited U.S. mobile ordering app with the goal of avoiding the kinds of service hiccups that have haunted digital debuts by companies such as Starbucks Corp.

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Ackman's Pershing Square sells Valeant stake, takes $3 billion loss

BOSTON (Reuters) - Billionaire investor William Ackman walked away from Valeant Pharmaceuticals International Inc on Monday with a loss of more than $3 billion as he sold his entire stake in the struggling drug company after trying to rescue it for some 18 months.

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Neiman Marcus says exploring alternatives, including sale

(Reuters) - Luxury fashion retailer Neiman Marcus Group Ltd LLC [NMRCUS.UL] said on Tuesday it was exploring strategic alternatives, including a sale of the company.

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Snapchat 2017 ad revenue forecast trimmed to $770 million: eMarketer

(Reuters) - The 2017 advertising revenue forecast for Snap Inc’s Snapchat has been trimmed by $30 million due to higher than expected revenue sharing with its partners, digital marketing firm eMarketer said in its latest ad spending forecast on Tuesday.

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Fed to hold rate policy meeting as planned despite weather

WASHINGTON (Reuters) - The U.S. Federal Reserve will hold an interest rate policy meeting as planned on Tuesday and Wednesday, the central bank said in a statement that might dispel any doubts over whether policymakers would brave a snowstorm hitting Washington on Tuesday morning.

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Futures dip before Fed policy meeting kicks off

(Reuters) - U.S. stock index futures were marginally lower on Tuesday ahead of the Federal Reserve's closely watched two-day meeting, where it is widely expected to raise interest rates.

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Boeing, aerospace manufacturers back U.S. tax overhaul

SEATTLE (Reuters) - Boeing Co and about 90 other aerospace companies are urging Congress to overhaul the U.S. tax system, saying a set of changes Republicans proposed last year - including a big cut in the corporate tax rate - will make them more competitive globally and help create U.S. jobs.

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Fed, in shift, may move to faster pace of rate hikes

SAN FRANCISCO/WASHINGTON (Reuters) - The Federal Reserve, which has struggled to stoke inflation since the financial crisis and up until now raised rates less frequently than it and markets expected, may be about to hit the accelerator on rate hikes.

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Sterling slips as Brexit talks get green light, stocks subdued before Fed

SINGAPORE (Reuters) - Sterling slipped on Tuesday after Britain's parliament paved the way for Prime Minister Theresa May to launch divorce talks with the European Union, while stocks were subdued ahead of an expected U.S. interest rate later in the week.

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Wall Street drifts with eyes on Fed; Intel drops

NEW YORK (Reuters) - U.S. stocks ended little changed in light volume on Monday, with traders eyeing a Federal Reserve meeting expected to result in an interest rate increase later this week.

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Verizon sought $925 million discount for Yahoo merger, got $350 million

NEW YORK (Reuters) - Verizon Communications Inc sought almost triple the price reduction that it ultimately obtained for Yahoo Inc's core assets following two massive cyber attacks at the internet company, according to a Yahoo filing.

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Airbnb has no plans for IPO yet: CEO Chesky

NEW YORK (Reuters) - Airbnb, the leading online marketplace for short-term lodging, has no specific plans yet to go public, its chief executive officer Brian Chesky said on Monday.

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Intel to buy Israeli driverless car-tech firm Mobileye for $15 billion

JERUSALEM (Reuters) - U.S. chipmaker Intel agreed to buy Israeli driverless car-technology firm Mobileye for $15.3 billion on Monday, positioning itself for a dominant role in the fast-moving autonomous-driving sector.

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Oil touches three-month lows, as U.S. supply swells

LONDON (Reuters) - Oil hovered around three-month lows on Monday, as rising U.S. inventories and drilling activity offset optimism over OPEC's efforts to restrict crude output.

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Toshiba seeking to extend Tuesday deadline for the third-quarter disclosure: sources

TOKYO (Reuters) - Japan's Toshiba Corp is seeking to extend its Tuesday deadline for submitting official third-quarter earnings due to disagreements with auditors over issues at its U.S. nuclear unit Westinghouse, sources familiar with the matter said.

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At the Fed, spring comes early with return to new 'normal'

WASHINGTON(Reuters) - U.S. household wealth has hit record levels. U.S. stock prices recently hit all-time highs. Inflation is nearing the Federal Reserve's 2.0 percent goal, and the world economy including the once-sick eurozone has skirted the risk of a deep new downturn.

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Asian shares edge up but caution prevails ahead of Fed

TOKYO (Reuters) - Asian shares rose on Monday, taking their cue from gains on Wall Street after strong U.S. job data, though the mood was cautious as oil prices plunged to 3 1/2-month lows on fresh worries of oversupply.

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Millennial love for Snapchat extends to the stock

NEW YORK (Reuters) - For some millennial investors, loyalty to one of their favorite apps matters more than financial details in the case of Snap Inc .

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HSBC appoints insurer AIA's Tucker as chairman

HONG KONG (Reuters) - Europe's biggest bank HSBC Holdings Plc on Monday said AIA Group Ltd Chief Executive Mark Tucker had been appointed as its chairman, replacing Douglas Flint.

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Starbucks says boycott threats over refugee hiring hasn't hurt brand

LOS ANGELES (Reuters) - Starbucks Corp on Friday said its business has not been hurt by a social media boycott campaign started in response to the chain's promise to hire 10,000 refugees globally over the next five years.

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Some bank bulls grow wary on policy uncertainty

(Reuters) - Bank shares have been the runaway winners of the post-election U.S. stock market boom as investors wagered that higher interest rates, lighter regulation, lower taxes and faster economic growth would boost profits for lenders.

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U.S. regulators reject Bitcoin ETF, digital currency plunges

NEW YORK (Reuters) - The U.S. Securities and Exchange Commission on Friday denied a request to list what would have been the first U.S. exchange-traded fund built to track bitcoin, the digital currency.

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Tesla's Musk offers to fix South Australia's power crisis in 100 days

MELBOURNE (Reuters) - Tesla Inc boss Elon Musk on Friday offered to save Australia's most renewable-energy dependent state from blackouts by installing $25 million worth of battery storage within 100 days, and offering it for free if he missed the target.

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Wanda's $1 billion deal to buy Hollywood's Dick Clark scrapped

(Reuters) - Eldridge Industries, the U.S. owner of Dick Clark Productions Inc, said on Friday that one of its affiliates terminated an agreement to sell off the TV production company to Chinese conglomerate Dalian Wanda Group.

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Volkswagen pleads guilty in U.S. court in diesel emissions scandal

DETROIT (Reuters) - Volkswagen AG pleaded guilty on Friday to three felony counts as part of a $4.3 billion plea agreement reached with the Justice Department in January over the automaker's massive diesel emissions scandal.

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EU capitalizing on free-trade interest amid gloom over Trump policies

MANILA (Reuters) - The European Union is seeing increased impetus around the world to move forward with Free Trade Agreements (FTA) with the bloc, which will make the most of uncertainty over the outlook for U.S. trade policy, the EU's trade envoy said on Friday.

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Futures extend gains after strong jobs data

(Reuters) - U.S. stock index futures extended gains on Friday after a better-than-expected February nonfarm payrolls report underscored the strength of the labor market and firmed up the odds for the first interest rate hike this year.

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U.S. job growth seen strong in February; wages to rebound

WASHINGTON (Reuters) - U.S. employers likely maintained a brisk pace of hiring in February and boosted wages for workers, which is expected to give the Federal Reserve the green light to raise interest rates next week despite slowing economic growth.

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China defends its Trump trademark approvals as in line with law

BEIJING (Reuters) - U.S. President Donald Trump was granted initial approval on dozens of new trademarks in China because they met legal standards, a senior Chinese commercial official said on Friday.

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Asia stocks firm ahead of U.S. jobs, dollar hits one-and-half-month high vs yen

TOKYO (Reuters) - Asian stocks edged up and the dollar rose to 1-1/2-month highs versus the yen on Friday, ahead of the closely-watched U.S. non-farm payrolls report due later in the day.

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Volkswagen set to plead guilty on Friday in emissions case

WASHINGTON (Reuters) - Volkswagen AG is set to plead guilty on Friday to three felony counts in the Justice Department's diesel emissions investigation, as the German automaker seeks to move past its cheating scandal.

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After Snap IPO, U.S. regulator questions unequal voting rights

WASHINGTON/BOSTON (Reuters) - One of two current members of the U.S. Securities and Exchange Commission raised questions on Thursday for companies like Snap Inc that offer shareholders unequal voting rights, saying the agency should "focus on how some innovations may prove detrimental to investors."

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Bill Gross says investors should not be 'allured' by 'Trump bull market'

NEW YORK (Reuters) - Bond investor Bill Gross warned on Thursday that investors should not be tempted into buying high-flying equities and corporate bonds, given the possibility that U.S. President Donald Trump might fail to enact policies that fuel economic growth.

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Oil prices slide more, U.S. crude below $50

NEW YORK (Reuters) - Oil prices slid nearly 3 percent on Thursday, extending the previous session's dive that brought prices to the lowest levels this year, as record U.S. crude inventories fed doubts about whether OPEC-led supply cuts would reduce a global glut.

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AIG CEO Peter Hancock to resign, Icahn cheers move

(Reuters) - American International Group Inc said Chief Executive Peter Hancock has informed the board that he plans to resign, more than a year after billionaire investor Carl Icahn called for a breakup of the company.

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U.S. weekly jobless claims rebound from 44-year low

WASHINGTON, March 9 (Reuters) - The number of Americans filing for unemployment benefits last week rebounded from a near 44-year low, but continued to point to a tightening labor market.

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Akzo Nobel rejects $22 billion PPG bid, looks to spin off chemicals

AMSTERDAM (Reuters) - Dutch paints and coatings maker Akzo Nobel NV rejected a 21 billion euro ($22 billion) bid from larger U.S. rival PPG Industries Inc on Thursday, saying instead it wanted to "unlock value" by spinning off its chemicals business.

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Trump to meet with U.S. community bankers on regulatory costs

WASHINGTON (Reuters) - President Donald Trump will meet with Main Street community bankers on Thursday to learn more about their difficulties in complying with the tougher Dodd-Frank financial regulations enacted after the 2007-2009 financial crisis.

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Chief of South Korea's Samsung Group denies all charges

SEOUL (Reuters) - The leader of South Korea's Samsung Group conglomerate, Jay Y. Lee, on Thursday denied all of a special prosecutor's charges against him, his lawyer said at the opening of a hearing against him.

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RadioShack chain operator files for bankruptcy protection

(Reuters) - U.S. electronics chain RadioShack Corp filed for bankruptcy on Wednesday for the second time in a little over two years, faced with a challenging retail environment and an unsatisfying partnership with wireless provider Sprint Corp.

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Snap perks up after initial rush of short sellers

SAN FRANCISCO (Reuters) - Shares of Snap Inc bounced back on Wednesday following a steep selloff while an initial rush to short sell the stock appeared to be slowing.

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California grants Uber permit to bring back self-driving cars

SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] can legally put its self-driving cars back on California streets after securing the necessary permit from state regulators, the company said on Wednesday, although passengers will not immediately be allowed in the backseat.

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Dollar firm in Asia, bonds and oil nurse losses

SYDNEY (Reuters) - The dollar stood firm in Asia on Thursday and bond yields spiked after super-strong U.S. jobs data made a rate hike a near certainty, while oil nursed bruising losses as U.S. stockpiles swelled past all expectations.

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Investors chained to bitcoin bets as U.S. ETF decision looms

NEW YORK (Reuters) - Investors are betting market regulators will approve what would be the first U.S. exchange-traded fund to track the price of bitcoin.

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Pimco revamps BOND ETF, changing fund's name and managers

NEW YORK (Reuters) - Pacific Investment Management Co (Pimco) is replacing the full slate of managers on its Total Return Active Exchange-Traded Fund and changing its name, a spokeswoman for the fund management company said on Wednesday, the latest transformation for what was once the largest actively managed ETF.

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Watchdog to ask U.S. lawmakers to probe Icahn's role with Trump

(Reuters) - A government watchdog group, Public Citizen, said on Wednesday it has asked lawmakers to investigate whether billionaire investor Carl Icahn should have been subject to lobbying disclosure laws when he advised President Donald Trump to overhaul the U.S. biofuels program.

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Futures flat as investors eye Friday's jobs report

(Reuters) - U.S. stock index futures were little changed on Wednesday as investors treaded carefully ahead of a crucial jobs report on Friday that could firm up the chances of an interest rate hike next week.

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'It's like kumbaya:' Trump's genial private meetings with CEOs jar with public attacks

WASHINGTON (Reuters) - When the bosses of some of the world's largest pharmaceutical companies headed to Washington in January to meet U.S. President Donald Trump, it had all the makings of a potentially hostile meeting.

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Europe stocks inch up, dollar rises before jobs data

LONDON (Reuters) - European shares edged up on Wednesday after minor gains in Asia as Chinese import data signaled a recovering economy, while the dollar rose before jobs numbers that could help cement expectations that U.S. interest rates will rise next week.

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Volkswagen CEO says not open to merger talks with Fiat Chrysler

GENEVA, Switzerland (Reuters) - German carmaker Volkswagen is not open to merger talks with Italian rival Fiat Chrysler , Chief Executive Matthias Mueller said on Wednesday, rebuffing an overture from FCA CEO Sergio Marchionne.

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Exclusive: Airbus may ditch A380's grand staircase as sales tumble

(Reuters) - Airbus is considering doing away with one of the hallmarks of its A380 superjumbo, a "grand staircase" echoing the era of cruise ships, as it looks to revive sales of the world's largest airliner, industry sources said.

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Fed to make sequential hikes until 'something breaks': Gundlach

NEW YORK (Reuters) - Jeffrey Gundlach, chief executive officer at DoubleLine Capital, said on Tuesday he expects the Federal Reserve to begin a campaign this month of "old school" sequential interest rate hikes until "something breaks," such as a U.S. recession.

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China's ZTE pleads guilty, settles with U.S. over Iran, North Korea sales

NEW YORK (Reuters) - Chinese telecom equipment maker ZTE Corp has agreed to pay $892 million and plead guilty to criminal charges for violating U.S. laws that restrict the sale of American-made technology to Iran and North Korea.

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U.S. trade deficit jumps to five-year high on imports

WASHINGTON (Reuters) - The U.S. trade deficit jumped to a near five-year high in January as cell phones and rising oil prices helped to push up the import bill, suggesting trade would again weigh on economic growth in the first quarter.

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Snap's shares open at lowest since market debut

(Reuters) - Snap Inc's shares fell as much as 10.4 percent on Tuesday, opening at their lowest since a blockbuster market debut last week.

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HPE to buy Nimble Storage for $1.09 billion in hybrid IT push

(Reuters) - Hewlett Packard Enterprise Co said it would buy data storage provider Nimble Storage Inc for $1.09 billion in cash, as part of the company's focus on the fast-growing hybrid IT market.

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Wall Street set to open lower as rate hike looms

(Reuters) - U.S. stocks looked set for a slightly lower open on Tuesday as investors readied themselves for an interest rate hike next week.

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UPS wins court challenge against EU block to TNT bid

BRUSSELS (Reuters) - An EU court agreed with United Parcel Service on Tuesday that the EU had wrongly blocked its takeover of Dutch peer TNT four years ago, potentially allowing the world's largest package delivery company to sue regulators for damages.

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Wahaha boss sees U.S. suffering more in any trade war with China

BEIJING (Reuters) - The chairman of China's biggest beverage maker, Hangzhou Wahaha Group, said the United States would suffer more in any trade war with China, with a loss of access to cheap Chinese-made goods hitting American wallets.

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Snap slumps 12 percent, closes at lowest since IPO

SAN FRANCISCO (Reuters) - Shares of Snap Inc slumped 12 percent on Monday and closed at their lowest level of the three sessions since the Snapchat owner's soaring market debut last week.

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Autos bosses focus on technology, play down PSA-Opel impact

GENEVA (Reuters) - The auto industry is facing seismic changes with the rise of electric vehicles, automated driving and car sharing, and adapting to these will eclipse even big mergers such as PSA's purchase of Opel, executives at the Geneva auto show said.

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Asian stocks flat, euro slides on French election concerns

SINGAPORE (Reuters) - Asian stocks were listless early on Tuesday after Wall Street slipped on concerns about U.S. President Donald Trump's ability to focus on economic policies, while the euro slid on fears an anti-European Union candidate may be elected France's next president.

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VW CEO sees no immediate trouble from PSA-Opel deal

GENEVA (Reuters) - PSA Group's purchase of General Motors' Opel division will cause no immediate problems for Volkswagen's core autos division, which is undergoing major restructuring, VW Chief Executive Matthias Mueller said.

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PSA targets Opel turnaround as GM exits Europe

PARIS/FRANKFURT (Reuters) - France's PSA Group plans to buy Opel from General Motors in a deal valuing the business at 2.2 billion euros ($2.3 billion), creating a new European car company to challenge market leader Volkswagen .

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Trump adviser Navarro: lower U.S. trade deficit would boost growth

WASHINGTON (Reuters) - President Donald Trump's trade adviser, Peter Navarro, said on Monday that reduction of U.S. trade deficits through tough negotiations with America's trading partners will boost growth and preserve U.S. national security.

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GM shifts from bigger is better to less global, more profitable

DETROIT (Reuters) - General Motors Co’s decision to sell its European operations doubles down on a bet that the company can win by being less global, but more profitable, in an auto industry increasingly driven by software.

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Futures slip after Trump's wiretap accusation

(Reuters) - U.S. stock index futures slipped on Monday as President Donald Trump's accusation that his predecessor, Barack Obama, wiretapped him cast a shadow on the market.

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Deutsche Bank shares drop on capital hike plan

FRANKFURT (Reuters) - Shares in Deutsche Bank fell almost 7 percent in early trading on Monday after the lender announced an 8 billion-euro ($8.48 billion) capital increase that Chief Executive John Cryan had previously declared a last resort.

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Futures fall amid North Korea missiles, Trump wiretap talk

(Reuters) - U.S. stock index futures fell on Sunday amid news of North Korea's firing of four ballistic missiles and President Donald Trump's accusation that his predecessor, Barack Obama, wiretapped him.

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Global stocks drop as markets wary of Fed, geopolitical tensions

TOKYO (Reuters) - Asian shares and U.S. stock futures dropped on Monday as investors weighed the near-certain prospect of an interest rate hike in the United States this month against news of slower growth in China this year.

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China's Xi says Shanghai should lead in reform, innovation: Xinhua

SHANGHAI (Reuters) - Shanghai should lead China's plans to reform and advance innovation, the official Xinhua news agency has reported President Xi Jinping as saying at the annual meeting of parliament.

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Oil prices fall on doubts over Russian output curbs

SINGAPORE (Reuters) - Oil prices slipped in Asian trade on Monday, wiping out some of the gains of the previous session amid ongoing concern over Russia's compliance with a global deal to cut oil output.

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Deutsche Bank announces 8 billion euro rights issue and structural shake-up

FRANKFURT (Reuters) - Deutsche Bank is planning to raise capital, list its asset management business and realign its divisions as it seeks to reinvent itself after spending about two years dealing with past misdeeds and massive losses.

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Out in the cold: New U.S. budget priorities threaten housing aid programs

(Reuters) - When Paul Ryan, speaker of the U.S. House of Representatives, talks of social mobility, about helping struggling Americans move out of impoverished areas to give them greater opportunity, Shiva Daniels is the kind of person he has in mind.

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Titans of oil world meet in Houston after two-year price war

HOUSTON (Reuters) - The biggest names in the oil world come together this week for the largest industry gathering since the end of a two-year price war that pitted Middle East exporters against the firms that drove the shale energy revolution in the United States.

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China cuts growth target as it pushes through reforms, builds 'firewall' against risks

BEIJING (Reuters) - China has cut its growth target this year as the world's second-largest economy pushes through painful reforms to address a rapid build-up in debt, and constructs a "firewall" against financial risks.

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Peugeot poised to buy GM's Opel, creating European car giant

PARIS/LONDON (Reuters) - France's PSA Group is set to announce a deal to buy Opel from General Motors on Monday after striking an agreement with the U.S. carmaker and winning the blessing of its board for the acquisition.

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Yellen points to March rate hike as Fed signals end of easy money

CHICAGO (Reuters) - The U.S. Federal Reserve's long-stalled 'liftoff' of interest rates may finally get airborne this year as policymakers from Chair Janet Yellen on Friday to regional leaders across the United States signaled that the era of easy money is drawing to a close.

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Investors bet Trump-fueled tech rally far from over

SAN FRANCISCO (Reuters) - Technology companies have been a driving force behind the U.S. stock market's recent record rally, and despite mounting evidence of stretched valuations the sector remains a top pick for investors expecting a wave of capital expenditures by U.S. corporations.

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Caterpillar is sued by a shareholder after federal raid

(Reuters) - Caterpillar Inc was sued on Friday for allegedly deceiving shareholders about its business, one day after federal law enforcers raided three of its buildings in connection with a probe into the heavy machinery manufacturer's offshore tax practices.

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Exclusive: Neiman Marcus hires debt restructuring adviser - sources

(Reuters) - U.S. high-end department store chain Neiman Marcus has hired investment bank Lazard Ltd to explore ways to bolster its balance sheet as it seeks relief from $4.9 billion in debt, people familiar with the matter said on Friday.

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NBCUniversal invests $500 million in Snap's IPO

(Reuters) - Comcast Corp's NBCUniversal has invested $500 million in Snapchat owner Snap Inc , according to a memo on Friday, its latest move aimed at driving digital growth as more viewers go online for their favorite content.

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PSA reaches deal to buy Opel from GM, wins board approval: source

PARIS (Reuters) - French carmaker PSA Group reached an agreement with General Motors to buy the U.S. carmaker's loss-making Opel division and won the support of its own board for the deal on Friday, a source familiar with the matter told Reuters.

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Winton CEO defends firm from Buffett criticism of fees, returns

LONDON/NEW YORK (Reuters) - David Harding, founder of one of the world's biggest hedge funds, on Friday defended his firm against Warren Buffett's criticism of hedge fund fees last week.

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Wall Street slips ahead of Yellen's speech

(Reuters) - The S&P 500 and the Dow were set for their first back-to-back losses since late-January on Friday, as investors preferred to wait and watch Federal Reserve Chair Janet Yellen's speech for a steer on the chances of an interest rate hike this month.

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Exclusive: Hudson's Bay's bid for Macy's stumbles - sources

(Reuters) - Canada's Hudson's Bay Co , owner of the Lord & Taylor and Saks Fifth Avenue retail chains, has yet to line up equity financing for a bid for Macy's Inc , over a month after approaching its U.S. peer, people familiar with the matter said.

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Caterpillar shares flat day after U.S. authorities raid offices

(Reuters) - Caterpillar Inc's shares were flat in premarket trading on Friday, suggesting investors had put aside the company's tax risk as old news, a day after federal law enforcement officials searched three of its facilities.

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Murdoch's Fox seeks EU okay for $14.4 billion Sky takeover bid

BRUSSELS (Reuters) - Rupert Murdoch's Twenty-First Century Fox has asked EU antitrust regulators to approve its $14.4 billion takeover bid for European pay-TV company Sky, a filing on the European Commission showed on Friday.

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Samsung chief's 'trial of the century' to start next week

SEOUL (Reuters) - Samsung Group leader Jay Y. Lee will go on trial for bribery and embezzlement on Thursday, a court said, amid a corruption scandal that has rocked South Korea and led to the impeachment of the president.

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Investors see Snap's IPO as 'too big to fail'

NEW YORK/SAN FRANCISCO (Reuters) - Institutional investors anxious not to be left out of this year's marquee initial public offering helped Snap Inc pull off the biggest U.S.-listed technology share sale this week since Chinese e-commerce juggernaut Alibaba Group Holding Inc smashed records in 2014.

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U.S. law enforcement searches Caterpillar's Illinois facilities

CHICAGO (Reuters) - Federal law enforcement officials searched three facilities of heavy machinery manufacturer Caterpillar Inc on Thursday, a spokeswoman for the U.S. Attorney Office for the Central District of Illinois said, and the company's stock fell.

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Exclusive: China's ZTE expected to plead guilty over Iran sales - source

NEW YORK (Reuters) - Chinese telecom equipment maker ZTE Corp is nearing an agreement to plead guilty to U.S. criminal charges and pay hundreds of millions of dollars in penalties over allegations it violated U.S. laws that restrict sale of U.S. technology to Iran, a person familiar with the matter said.

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U.S. jobless claims near 44-year-low as labor market tightens

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell to near a 44-year-low last week, pointing to further tightening of the labor market even as economic growth appears to have remained moderate in the first quarter.

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Futures flat as investors pause after record day on Wall Street

(Reuters) - U.S. stock index futures were little changed on Thursday as investors took a breather after sending Wall Street to its best day since the November presidential elections on renewed optimism about the economy.

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Snap's sought-after shares set for market debut after $3.4 billion IPO

NEW YORK (Reuters) - Snap Inc's in-demand shares are set to start trading in New York on Thursday after the owner of the popular Snapchat messaging app raised $3.4 billion in its initial public offering (IPO) on Wednesday, above its price expectations.

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Exclusive: SEC advisory committee to question Snap's transparency for investors

BOSTON (Reuters) - An investor committee that advises the U.S. Securities and Exchange Commission will next week review if Snap Inc's decision to deny shareholders voting rights might also reduce the social media company's public disclosures on executive pay and other governance matters, the head of that committee told Reuters on Wednesday.

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More Wells Fargo customers may be affected by sales scandal: filing

(Reuters) - More Wells Fargo & Co customers may have been affected by a scandal over phony accounts than previously believed, the third-largest U.S. lender said in a regulatory filing on Wednesday.

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Murdoch's Fox set to request EU approval for Sky takeover bid

LONDON (Reuters) - Rupert Murdoch's Twenty-First Century Fox will seek approval from the European Commission for its $14.4 billion bid for European pay-TV firm Sky in the coming days, a person familiar with the matter said.

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Oil turns negative after U.S. crude stocks build to record high

NEW YORK (Reuters) - Oil prices pared gains on Wednesday, with U.S. futures turning negative, after crude inventories in the United States rose to a record high.

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GM, Ford beat February sales expectations; industry sales seen down

DETROIT (Reuters) - February U.S. auto sales, an early-month indicator of consumer spending, fell slightly but remained strong as pickup trucks and SUVs continued a robust showing based on the first three automakers that reported on Wednesday.

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U.S. consumer spending slows; inflation pushes higher

WASHINGTON (Reuters) - U.S. consumer spending rose less than expected in January as the largest monthly increase in inflation in four years eroded households' purchasing power, pointing to moderate economic growth in the first quarter.

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Futures rise after Trump speech; banks up on rate talk

(Reuters) - U.S. stock index futures were higher on Wednesday as investors assessed President Donald Trump's speech, while bank stocks rose on increased possibility of an interest rate hike this month.

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Lowe's forecasts 2017 sales ahead of estimates; shares up

(Reuters) - Lowe's Cos Inc forecast 2017 sales ahead of analysts' estimates and reported better-than-expected quarterly comparable-store sales as the company benefited from a strong housing market in the United States.

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