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Roku hits record high on Philips licensing deal

Reuters Business News - Mon, 2017-11-13 22:57
(Reuters) - Roku Inc's shares surged nearly 43 percent to a record high on Monday after the streaming device maker said it signed a licensing deal that would put its technology on Philips-branded televisions in the United States this year.
Categories: business

Tesla hit by class-action lawsuit claiming racial discrimination

Reuters Business News - Mon, 2017-11-13 22:37
(Reuters) - U.S. automaker Tesla Inc on Monday was hit with a class-action lawsuit claiming its California production plant is a "hotbed for racist behavior."
Categories: business

Wall Street ticks up as dividend payers rise, GE slashes payout

Reuters Business News - Mon, 2017-11-13 22:27
NEW YORK (Reuters) - U.S. stock indexes rose on Monday as a sharp drop in General Electric shares was more than offset by gains in high dividend-paying sectors including consumer staples and utilities.
Categories: business

Wal-Mart partners with Lord & Taylor to expand online fashion presence

Reuters Business News - Mon, 2017-11-13 22:05
CHICAGO (Reuters) - Wal-Mart Stores Inc said on Monday it will offer Hudson's Bay Co- owned department store chain Lord & Taylor dedicated space on its website, as it looks to make deeper inroads into the fast-growing online fashion business.
Categories: business

Qualcomm rejects Broadcom's $103-billion takeover bid

Reuters Business News - Mon, 2017-11-13 21:52
(Reuters) - Mobile chipmaker Qualcomm Inc on Monday rejected rival Broadcom Ltd's $103-billion takeover bid, saying the offer undervalued the company and would face regulatory hurdles.
Categories: business

Bombardier in talks with EgyptAir for $1.1 billion CSeries deal: Bloomberg

Reuters Business News - Mon, 2017-11-13 21:24
(Reuters) - Canadian plane-and-train-maker Bombardier Inc  is in advanced talks with EgyptAir over a potential $1.1 billion order for CSeries jets, Bloomberg reported, citing people familiar with the matter.
Categories: business

AT&T, Verizon strike tower agreement in effort to diversify vendors

Reuters Business News - Mon, 2017-11-13 19:56
NEW YORK (Reuters) - AT&T Inc and Verizon Communications Inc said on Monday they have agreed to lease hundreds of new cell towers from owner and operator Tillman Infrastructure, a move they hope will give them more leverage in negotiations with major U.S. tower vendors.
Categories: business

AB InBev replaces North America chief to stem sales slide

Reuters Business News - Mon, 2017-11-13 19:41
LONDON/BRUSSELS (Reuters) - The world's biggest brewer, Anheuser-Busch InBev , is replacing its North American chief to stem a years-long sales decline in its largest market.
Categories: business

GE slashes quarterly dividend ahead of expected restructuring

Reuters Business News - Mon, 2017-11-13 13:26
(Reuters) - General Electric Co chopped its quarterly dividend in half on Monday, new Chief Executive John Flannery's first move in an overhaul of the conglomerate he is due to announce later in the day.
Categories: business

Volkswagen's truck brand MAN spends $2.8 billion to upgrade plants

Reuters Business News - Mon, 2017-11-13 13:23
MUNICH (Reuters) - Volkswagen's heavy-trucks brand MAN said it will spend more than 2.4 billion euros ($2.8 billion) through 2020 on upgrading plants in Europe, Asia and Africa as part of efforts to overhaul production and boost profit.
Categories: business

Bitcoin rebounds over $1,000 after losing almost a third of value

Reuters Business News - Mon, 2017-11-13 13:15
LONDON (Reuters) - Bitcoin surged on Monday, recovering more than $1,000 after losing almost a third of its value in less than four days as traders bought back into the volatile cryptocurrency.
Categories: business

Tyson Foods tops profit estimates as low-cost feed provides boost

Reuters Business News - Mon, 2017-11-13 13:05
(Reuters) - U.S. meat processor Tyson Foods Inc's quarterly earnings and revenue topped analysts' forecasts, as its chicken and beef businesses benefited from strong demand as well as lower costs to buy animal feed.
Categories: business

Stock futures lower as tax reform uncertainty weighs

Reuters Business News - Mon, 2017-11-13 12:22
(Reuters) - U.S. stock index futures were marginally lower on Monday as uncertainty over the future of President Donald Trump's tax reform plan weighed on the sentiment.
Categories: business

GM's electric car sales will meet quotas by 2019, says China chief

Reuters Business News - Mon, 2017-11-13 11:14
BEIJING (Reuters) - General Motors Co's China joint ventures will be able to generate enough new energy vehicle (NEV) sales volume to account for NEV production quotas by 2019 and without the need to buy credits, GM China chief Matt Tsien said on Monday.
Categories: business

Dubai wants guarantee on A380 output before placing new order

Reuters Business News - Mon, 2017-11-13 09:17
DUBAI (Reuters) - Dubai wants a guarantee that Airbus will keep production of the A380 superjumbo open for at least 10 years before state-owned Emirates places a new order for the world's largest jetliner, the airline's president said on Monday.
Categories: business

Aramco plans to spend $300 billion over 10 years in upstream oil and gas: CEO

Reuters Business News - Mon, 2017-11-13 08:29
ABU DHABI (Reuters) - Saudi Aramco plans to spend close to $300 billion over 10 years in upstream oil and gas projects, Chief Executive Amin Nasser said on Monday.
Categories: business

Qualcomm draws up plans to rebuff Broadcom's $103 billion offer: sources

Reuters Business News - Mon, 2017-11-13 06:26
(Reuters) - U.S. chipmaker Qualcomm Inc is making preparations to reject rival Broadcom Ltd's $103 billion bid as early as this week, four people familiar with the matter said on Sunday, setting the stage for one of the biggest-ever takeover battles.
Categories: business

Wall Street bonuses may jump 10 percent this year: report

Reuters Business News - Mon, 2017-11-13 01:08
(Reuters) - Wall Street bonuses may climb as much as 10 percent this year, in the first meaningful jump for the industry since 2013, according to a closely watched report.
Categories: business

Asia shares down on caution over US tax reform plan, sterling falls

Reuters Business News - Mon, 2017-11-13 01:05
TOKYO (Reuters) - Asian shares stepped back in cautious early trade on Monday as investors look to see whether U.S. Republicans can hammer a tax reform deal quickly, while the British pound fell on growing doubts over Prime Minister Theresa May's leadership.
Categories: business

Uber board strikes agreement to pave way for SoftBank investment

Reuters Business News - Mon, 2017-11-13 00:36
SAN FRANCISCO/NEW YORK (Reuters) - Uber Technologies Inc's [UBER.UL] warring board members have struck a peace deal that allows a multibillion-dollar investment by SoftBank Group Corp to proceed, and which would resolve a legal battle between former Chief Executive Travis Kalanick and a prominent shareholder.
Categories: business

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