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AT&T armed for fight with U.S. on Time Warner deal: CEO

Reuters Business News - Thu, 2017-11-09 21:33
WASHINGTON/NEW YORK (Reuters) - AT&T Inc will not sell cable network CNN to win antitrust approval of its proposed $85.4 billion purchase of media company Time Warner Inc and will fight the government in court if the two sides cannot reach an agreement, the wireless company's chief executive said on Thursday.
Categories: business

Equifax reports lower third-quarter earnings after data breach

Reuters Business News - Thu, 2017-11-09 21:31
(Reuters) - Equifax Inc on Thursday reported a lower third-quarter profit as costs from the credit reporting bureau's recently disclosed data breach that exposed deeply sensitive information on 145.5 million people began to mount.
Categories: business

Tech tugs Wall Street lower, investors fret about tax cut delays

Reuters Business News - Thu, 2017-11-09 21:31
(Reuters) - Wall Street stocks dropped on Thursday, weighed down by losses in Microsoft and other technology issues as investors turned their attention to a U.S. Senate Republican plan that would delay corporate tax cuts that investors want very much.
Categories: business

Nvidia Corp reports 54.6 percent rise in quarterly profit

Reuters Business News - Thu, 2017-11-09 21:26
(Reuters) - Nvidia Corp reported a 54.6 percent rise in quarterly profit, driven by strong demand for its graphics chips used in gaming devices, data centers, autonomous vehicles and also by cryptocurrency miners.
Categories: business

Disney profit, revenue misses Street as cable business weighs

Reuters Business News - Thu, 2017-11-09 21:25
(Reuters) - Walt Disney Co reported lower-than expected quarterly revenue and profit on Thursday, dragged down by a poor performance at its cable business, including a drop in subscribers at ESPN.
Categories: business

Saudi Aramco signs engineering and construction deals worth $4.5 billion

Reuters Business News - Thu, 2017-11-09 21:04
DHAHRAN, Saudi Arabia (Reuters) - Saudi Aramco signed agreements on Thursday worth $4.5 billion with firms from Europe, the United States, China and the United Arab Emirates for work on a range of oil and gas development projects, mostly aimed at boosting gas production.
Categories: business

Special Report: The decisions behind Monsanto's weed-killer crisis

Reuters Business News - Thu, 2017-11-09 19:42
(Reuters) - In early 2016, agri-business giant Monsanto faced a decision that would prove pivotal in what since has become a sprawling herbicide crisis, with millions of acres of crops damaged.
Categories: business

Boeing signs deal to sell 300 planes worth $37 billion to China

Reuters Business News - Thu, 2017-11-09 18:10
(Reuters) - Boeing Co said it signed an agreement on Thursday to sell 300 planes to China Aviation Supplies Holding Company worth $37 billion at list prices, one of several deals announced during a state visit by U.S. President Donald Trump to Beijing.
Categories: business

Trump's $250 billion China 'miracle' adds gloss to 'off-kilter' trade

Reuters Business News - Thu, 2017-11-09 12:53
BEIJING/SHANGHAI (Reuters) - President Donald Trump can return to the United States claiming to have snagged over $250 billion in deals from his maiden trip to Beijing. Whether those deals live up to the lofty price tag is another question altogether.
Categories: business

'We're engaged': Alaska gets China backing for natural gas project

Reuters Business News - Thu, 2017-11-09 11:27
BEIJING (Reuters) - China's biggest state oil company Sinopec, one of the country's top banks and its sovereign wealth fund agreed on Thursday to develop a $43 billion natural gas project in Alaska, as the cash-poor U.S. state seeks to revive its dwindling energy industry.
Categories: business

Time Inc revenue slips 9.5 percent in third quarter

Reuters Business News - Thu, 2017-11-09 11:20
(Reuters) - Magazine publisher Time Inc's revenue fell 9.5 percent in the third quarter, as an uptick in online advertising failed to offset a decline in print ads.
Categories: business

Lockheed Martin CEO says could sell F-35 fighters to Germany

Reuters Business News - Thu, 2017-11-09 11:05
KONGSBERG, Norway (Reuters) - Lockheed Martin could sell its F-35 fighter jets to Germany if Washington and Berlin agree to a deal, the U.S. defense contractor's chief executive told Reuters on Thursday.
Categories: business

TPP trade deal talks reach critical point at Asia-Pacific summit

Reuters Business News - Thu, 2017-11-09 11:04
DANANG, Vietnam (Reuters) - Talks on pushing ahead the Trans Pacific Partnership (TPP) trade deal without the United States reached a critical point on Thursday as ministers from the 11 countries discussed a proposed agreement in principle.
Categories: business

Global stocks stutter as longest winning run in 14 years looms

Reuters Business News - Thu, 2017-11-09 10:01
LONDON (Reuters) - Another impressive record for world stocks was hanging in the balance on Thursday, as a late blow-out in Japan and a subdued start in Europe threatened to spoil the longest winning streak for MSCI's global index since 2003.
Categories: business

Wal-Mart gears up to compete on Black Friday

Reuters Business News - Thu, 2017-11-09 09:47
(Reuters) - Wal-Mart Stores Inc said on Thursday its U.S. stores will feature color-coded sections for different product categories on Black Friday, as it prepares to compete for shoppers on one of the busiest shopping days of the year.
Categories: business

Sky-high stock market has investors looking to commodities

Reuters Business News - Thu, 2017-11-09 09:18
NEW YORK (Reuters) - A growing number of investors are plowing money into commodities, seeking to diversify their holdings on gnawing concerns about a stock market correction as equities scale new highs almost daily.
Categories: business

U.S., AT&T at odds over CNN in Time Warner deal

Reuters Business News - Thu, 2017-11-09 03:33
NEW YORK/WASHINGTON (Reuters) - U.S. antitrust regulators and AT&T Inc sparred on Wednesday over whether the wireless carrier would be required to sell Time Warner Inc's CNN cable network as a condition of approval of its deal to buy the media company.
Categories: business

Wisconsin board clears way for $3 billion Foxconn deal

Reuters Business News - Thu, 2017-11-09 01:22
(Reuters) - Wisconsin's economic development agency on Wednesday approved a $3 billion incentives package for Taiwan-based Foxconn to build a massive liquid-crystal display plant in the state, Governor Scott Walker said.
Categories: business

Asia stocks near decade highs on buoyant Wall Street, kiwi rallies

Reuters Business News - Thu, 2017-11-09 01:01
TOKYO (Reuters) - Asia stocks hovered near a decade high on Thursday following another record breaking day on Wall Street, while the New Zealand dollar rallied as hawkish-sounding statements by the country's central bank boosted the recently battered currency.
Categories: business

Former Yahoo CEO apologizes for data breaches, blames Russians

Reuters Business News - Thu, 2017-11-09 00:20
WASHINGTON (Reuters) - Former Yahoo Chief Executive Marissa Mayer apologized on Wednesday for two massive data breaches at the internet company, blaming Russian agents for at least one of them, at a hearing on the growing number of cyber attacks on major U.S. companies.
Categories: business

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