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21st Century Fox in $90 million settlement tied to sexual harassment scandal

Reuters Business News - Mon, 2017-11-20 23:08
(Reuters) - Twenty-First Century Fox Inc has reached a $90 million settlement of shareholder claims arising from the sexual harassment scandal at its Fox News Channel, which cost the jobs of longtime news chief Roger Ailes and anchor Bill O'Reilly.
Categories: business

Wall Street ticks up, lifted by Verizon, chipmakers

Reuters Business News - Mon, 2017-11-20 22:46
NEW YORK (Reuters) - U.S. stocks rose on Monday, with Verizon boosting the telecoms sector after the stock got an upgrade, while a deal in semiconductors lifted high-performing tech shares.
Categories: business

Uber hit with $8.9 million fine in Colorado over unqualified drivers

Reuters Business News - Mon, 2017-11-20 22:27
(Reuters) - Colorado regulators on Monday fined Uber $8.9 million, saying the ride-services company allowed 57 people to drive for it although they lacked valid driver's licenses or had committed other offenses that would have disqualified them.
Categories: business

Canada, Mexico to confront U.S. auto content demands at NAFTA talks

Reuters Business News - Mon, 2017-11-20 21:56
MEXICO CITY (Reuters) - Canada and Mexico plan to confront the United States over its demand for tougher NAFTA automotive content rules, people briefed on the matter said on Monday, underlining slow progress on the trade pact's most important issues.
Categories: business

Marvell Technology to buy rival chipmaker Cavium for $6 billion

Reuters Business News - Mon, 2017-11-20 21:09
(Reuters) - Chipmaker Marvell Technology Group Ltd said on Monday it would buy smaller rival Cavium Inc for about $6 billion, as it seeks to expand its wireless connectivity business in a rapidly consolidating semiconductor industry.
Categories: business

Amsterdam, Paris win post-Brexit EU agencies in lucky dip

Reuters Business News - Mon, 2017-11-20 20:26
BRUSSELS (Reuters) - Amsterdam and Paris won the right to host two EU agencies that must leave London because of Brexit after an extraordinary ministerial meeting in Brussels that left both results decided by drawing lots from a fishbowl.
Categories: business

Bitcoin hits record high after smashing through $8,000 for first time

Reuters Business News - Mon, 2017-11-20 14:44
LONDON (Reuters) - Bitcoin hit a new record high on Monday after smashing through the $8,000 level for the first time over the weekend, marking an almost 50 percent climb in just eight days.
Categories: business

Alibaba goes offline with $2.9 billion stake in China's top grocer

Reuters Business News - Mon, 2017-11-20 14:31
(This story corrects title of Weiwen Han in paragraph 9 from analyst to managing partner for Greater China.)
Categories: business

Battered GE shares lure some buyers but worst may not be over

Reuters Business News - Mon, 2017-11-20 14:10
NEW YORK (Reuters) - General Electric Co shares stabilized after a brutal slide last week sent the stock near six-year lows, but the worst may not be over.
Categories: business

Volvo Cars to supply Uber with up to 24,000 self-driving cars

Reuters Business News - Mon, 2017-11-20 14:09
STOCKHOLM/SAN FRANCISCO (Reuters) - Uber plans to buy up to 24,000 self-driving cars from Volvo, marking the transition of the U.S. firm from an app used to summon a taxi to the owner and operator of a fleet of cars.
Categories: business

Marvell Technology to buy smaller rival Cavium for $6 billion

Reuters Business News - Mon, 2017-11-20 13:43
(Reuters) - Chipmaker Marvell Technology Group Ltd said it would buy smaller rival Cavium Inc in a $6 billion deal, as it seeks to expand its wireless connectivity business in a fast consolidating semiconductor industry.
Categories: business

European markets power on after early German wobble

Reuters Business News - Mon, 2017-11-20 13:34
LONDON (Reuters) - The euro and European stocks dipped in early trades on Monday after coalition talks collapsed in Germany, but they recovered as investors turned their focus back to improving fundamentals.
Categories: business

Retailer Auchan says it has not been approached by Amazon in Europe

Reuters Business News - Mon, 2017-11-20 12:52
PARIS (Reuters) - French retailer Auchan [AUCH.UL] said on Monday it had not been approached by E-commerce giant Amazon about deals or partnerships in Europe, with speculation still rife that Amazon may be eyeing European transactions.
Categories: business

Goldman to have two EU hubs post-Brexit: Frankfurt and Paris: report

Reuters Business News - Mon, 2017-11-20 12:11
PARIS (Reuters) - Goldman Sachs Chief Executive Lloyd Blankfein said the bank would have hubs in Frankfurt and Paris after Brexit and that it would be up to the staff to decide where they want to move to from London, he told French newspaper Le Figaro.
Categories: business

Toshiba gains breathing room with $5.4 billion share issue to overseas investors

Reuters Business News - Mon, 2017-11-20 11:57
TOKYO/HONG KONG (Reuters) - Toshiba Corp's planned $5.4 billion new share issue to overseas investors is set to provide it with most of the funds it needs to avoid a delisting - a quickly arranged deal that underscores both the weakness of its finances and the allure of its chips unit.
Categories: business

Nebraska to decide fate of controversial Keystone XL pipeline

Reuters Business News - Mon, 2017-11-20 11:08
LINCOLN, Nebraska/WASHINGTON (Reuters) - Nebraska regulators will announce their decision on Monday on whether to approve TransCanada Corp’s Keystone XL pipeline route through the state, the last big hurdle for the long-delayed project.
Categories: business

Canada, Mexico to question U.S. auto content demands at NAFTA talks

Reuters Business News - Mon, 2017-11-20 06:04
MEXICO CITY (Reuters) - Canada and Mexico will not make counterproposals to U.S. demands for tougher NAFTA automotive content rules but instead will offer rebuttals and pepper American negotiators with technical questions on Monday, people familiar with the talks said.
Categories: business

Asia stocks falter as weakness in China markets dim mood

Reuters Business News - Mon, 2017-11-20 04:10
TOKYO (Reuters) - Asian shares eased on Monday, with investor sentiment hurt by a retreat on Wall Street and sliding Chinese stocks, while the euro skidded after German coalition talks hit an impasse.
Categories: business

Oil markets tepid ahead of November 30 OPEC meeting

Reuters Business News - Mon, 2017-11-20 04:09
SINGAPORE (Reuters) - Oil markets were tepid on Monday as traders were reluctant to take on big new positions ahead of an OPEC meeting at the end of the month, when the producer club is expected to decide whether to continue output cuts aimed at propping up prices.
Categories: business

Former Obama administration official in bid for The Weinstein Co

Reuters Business News - Mon, 2017-11-20 03:07
(Reuters) - Maria Contreras-Sweet, the former head of the U.S. Small Business Administration (SBA), has submitted an offer to acquire the Weinstein Co, a spokeswoman for the U.S. film and TV studio said on Sunday.
Categories: business

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