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Twenty-First Century Fox's quarterly revenue beats Street

Reuters Business News - Wed, 2017-11-08 23:34
(Reuters) - Twenty-First Century Fox Inc's quarterly revenue topped market estimates on Wednesday as higher sales from traditional and online distributors boosted its cable business.
Categories: business

Equifax, reeling from breach, to release earnings Thursday

Reuters Business News - Wed, 2017-11-08 23:24
(Reuters) - Equifax Inc said it will release quarterly earnings on Thursday afternoon, its first earnings release since the September disclosure of a massive breach that prompted multiple government probes and the departure of its chief executive.
Categories: business

Arkansas pushes ahead with summertime ban on Monsanto, BASF weed killers

Reuters Business News - Wed, 2017-11-08 22:55
CHICAGO (Reuters) - An Arkansas regulatory body voted on Wednesday to bar the use of a weed killer critical to Monsanto Co's seed sales for a second consecutive summer, ratcheting up a standoff after the company sued the state to prevent restrictions on the product.
Categories: business

Bitcoin hits record high after developers suspend plans to 'fork' currency

Reuters Business News - Wed, 2017-11-08 21:03
NEW YORK/LONDON (Reuters) - Bitcoin hit a record high just shy of $8,000 on Wednesday after a coalition of developers and investors suspended a software upgrade planned for next Thursday that could have split the digital currency in two.
Categories: business

Sprint to accelerate network investment, CEO says

Reuters Business News - Wed, 2017-11-08 18:57
NEW YORK (Reuters) - Sprint Corp will accelerate investment in its network as it plots a future as a standalone company, its chief executive officer said on Wednesday, days after the No. 4 U.S. wireless carrier and rival T-Mobile US Inc said merger talks had failed.
Categories: business

Slow start for Lufthansa on new U.S. route after Air Berlin collapse

Reuters Business News - Wed, 2017-11-08 18:43
BERLIN (Reuters) - Lufthansa's first flight from Berlin to the United States in over 16 years took off on Wednesday, although a slow start to sales shows the difficulties involved in trying to replace the gaps left by insolvent rival Air Berlin.
Categories: business

Former Yahoo CEO apologizes for data breach, blames Russians

Reuters Business News - Wed, 2017-11-08 15:28
WASHINGTON (Reuters) - Former Yahoo Chief Executive Marissa Mayer apologized on Wednesday for a pair of massive data breaches at the internet company and blamed Russian agents at a hearing on the growing number of incidents involving major U.S. companies.
Categories: business

AT&T says timing of Time Warner deal completion now uncertain

Reuters Business News - Wed, 2017-11-08 15:19
(Reuters) - AT&T Inc said on Wednesday it was uncertain when its deal to buy Time Warner Inc would be completed as the network carrier continues antitrust discussions with the U.S. Department of Justice.
Categories: business

Wall Street edges lower as bank stocks weigh

Reuters Business News - Wed, 2017-11-08 15:15
(Reuters) - Wall Street was trading slightly lower on Wednesday as bank stocks came under pressure from a near-flat Treasury yield curve and investors remained focused on the debate among lawmakers over the tax bill.
Categories: business

Exclusive: Takata creditors seek $30 billion, far more than it can pay - court filing

Reuters Business News - Wed, 2017-11-08 15:00
TOKYO (Reuters) - Creditors of bankrupt Takata Corp say the parts maker owes them more than $30 billion after the automotive industry's biggest recall over its faulty air bags - many times more than the company can repay, a court filing seen by Reuters shows.
Categories: business

Linde reaches important acceptance level for Praxair merger

Reuters Business News - Wed, 2017-11-08 14:28
FRANKFURT (Reuters) - Industrial gases group Linde has exceeded an important 74 percent approval threshold for its planned $80 billion tie-up with Praxair, it said on Wednesday.
Categories: business

Snap says China's Tencent holds 12 percent stake

Reuters Business News - Wed, 2017-11-08 14:10
(Reuters) - Tencent Holdings Ltd now has a 12 percent stake in Snapchat operator Snap Inc, company filings showed on Wednesday, the latest in a string of major investments in the United States by China's new tech heavyweights.
Categories: business

ConocoPhillips aims capex at $5.5 billion/year for rest of decade

Reuters Business News - Wed, 2017-11-08 14:08
NEW YORK (Reuters) - ConocoPhillips , the largest U.S. independent oil and natural gas producer, said on Wednesday it will spend an average of $5.5 billion annually for the rest of the decade on capital projects as long as oil prices stay above $50 per barrel.
Categories: business

Russia to check if Facebook is complying with law: Ifax

Reuters Business News - Wed, 2017-11-08 14:02
MOSCOW (Reuters) - Russia's communications regulator Roskomnadzor said on Wednesday it planned to check whether Facebook was in compliance with Russian law.
Categories: business

A year in: U.S. stock market under Trump's shadow

Reuters Business News - Wed, 2017-11-08 12:18
NEW YORK (Reuters) - One year ago, when it became clear that Republican Donald Trump had pulled a historic upset to defeat Democrat Hillary Clinton to the U.S. presidency, futures in the Dow Jones Industrial Average tumbled nearly 900 points.
Categories: business

Qualcomm buy may pit Broadcom against Intel in 'connected car' fight

Reuters Business News - Wed, 2017-11-08 11:47
(Reuters) - If Broadcom Ltd's unsolicited $103 billion bid for Qualcomm Inc succeeds, it could set up a battle with Intel Corp for dominance in the production of the next generation of communications chips, which will play a vital role in so-called connected cars.
Categories: business

Asia stocks notch succession of highs, China trade data mixed

Reuters Business News - Wed, 2017-11-08 05:30
SYDNEY (Reuters) - Asian shares wrung out another decade peak on Wednesday as data showed China's demand for imports remained buoyant, while the dollar dipped amid concerns Republican plans for major U.S. tax cuts were running into headwinds.
Categories: business

U.S. Commerce chief Ross divesting shipping interests: official

Reuters Business News - Wed, 2017-11-08 05:20
WASHINGTON (Reuters) - U.S. Commerce Secretary Wilbur Ross has divested his interests in oil tanker company Diamond S Shipping and is in the process of selling off his holdings in another shipping firm, Navigator Holdings, a Trump administration official said on Tuesday.
Categories: business

Exclusive: Japan's MUFG gets nod to bring U.S. state branches under federal regulation

Reuters Business News - Wed, 2017-11-08 05:02
NEW YORK (Reuters) - Japan's Mitsubishi UFJ Financial Group Inc (MUFG) has received approval from the U.S. Office of the Comptroller of the Currency (OCC) to convert state-supervised branches into federally regulated ones, a U.S. spokesman for the bank confirmed late on Tuesday.
Categories: business

Quick signoff on TPP trade deal far from sure at Asia-Pacific meeting

Reuters Business News - Wed, 2017-11-08 03:56
DANANG, Vietnam (Reuters) - Continuing disagreements over the Trans Pacific Partnership (TPP) trade deal ditched by U.S. President Donald Trump mean 11 remaining members may not be ready to give it a wholehearted go-ahead at a summit this week, officials said on Wednesday.
Categories: business

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