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Updated: 53 min 32 sec ago

German environmental lobby sues motor authority over VW scandal

13 hours 43 min ago
HAMBURG/BERLIN (Reuters) - German environmental group Deutsche Umwelthilfe (DUH) has filed a suit against German motor authority KBA, accusing it of failing to act robustly enough over Volkswagen's diesel emissions scandal.

Exclusive: HSBC to boost China staff by up to 1,000 in 2017, mostly in Pearl River Delta

15 hours 24 min ago
HONG KONG (Reuters) - HSBC plans to add as many as 1,000 new employees to its Chinese retail banking and wealth management arm this year, the business's regional head said, most of them in the Pearl River Delta, the heart of the bank's growth strategy in China.

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

18 hours 31 min ago
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.

How a border tax could divide Boeing and its suppliers

18 hours 39 min ago
SEATTLE (Reuters) - A U.S. tax overhaul proposed by Republican leaders in Congress would deepen divisions between big manufacturers like Boeing Co and the thousands of smaller companies that supply them, according to suppliers and tax and trade experts.

YouTube's bid to grab TV dollars imperiled by advertiser revolt

Thu, 03/23/2017 - 10:14pm
(Reuters) - The decision by a handful of high-profile consumer brands to pull advertising from Google’s YouTube over offensive content could threaten the site’s long-term strategy of stealing ad dollars from television, analysts and ad industry professionals said Thursday.

Dollar hangs on for U.S. healthcare vote, Asia shares muted

Thu, 03/23/2017 - 8:50pm
SYDNEY (Reuters) - The dollar was living on borrowed time on Friday after U.S. lawmakers delayed a vote on a healthcare bill seen as crucial to President Donald Trump's policy credibility.

Samsung Electronics says difficult to adopt holding company structure

Thu, 03/23/2017 - 8:47pm
SEOUL (Reuters) - Samsung Electronics Co Ltd said on Friday it will be difficult to adopt a holding company structure at this time, giving investors their first insight into how the South Korean tech giant is approaching a potential restructuring.

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

Thu, 03/23/2017 - 8:44pm
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.

Twitter explores premium version after 11 years as a free service

Thu, 03/23/2017 - 8:04pm
SAN FRANCISCO (Reuters) - Twitter Inc is considering whether to build a premium version of its network aimed at professionals, the company said on Thursday, raising the possibility that it could collect subscription fees from some users for the first time. wins $1.5 billion tax dispute over IRS

Thu, 03/23/2017 - 7:16pm
(Reuters) - Inc on Thursday won a more than $1.5 billion tax dispute with the Internal Revenue Service over transactions involving a Luxembourg unit more than a decade ago.

Saudi in 'serious discussions' with NYSE for Aramco IPO listing: foreign minister

Thu, 03/23/2017 - 7:02pm
WASHINGTON (Reuters) - Saudi Arabia is having "serious discussions" with the New York Stock Exchange about having the NYSE as one of the exchanges for state oil giant Saudi Aramco's IPO, the Saudi foreign minister told Fox News on Thursday.

For Goldman Sachs, a rare pass from shareholder resolutions

Thu, 03/23/2017 - 4:35pm
NEW YORK/BOSTON (Reuters) - For the first time in more than a decade, Goldman Sachs Group Inc has managed to avoid any proxy battles with activist shareholders by convincing investors and securities regulators that voting on several proposed corporate policy changes were unnecessary.

SEC charges two Israeli residents with Mobileye insider trading

Thu, 03/23/2017 - 4:32pm
NEW YORK (Reuters) - Two Israeli residents have been charged by the U.S. Securities and Exchange Commission with insider trading in Mobileye NV before the maker of sensors and cameras for driverless vehicles agreed to be acquired by Intel Corp for $15.3 billion.

Sears' plan to sell brands no salve for financial woes

Thu, 03/23/2017 - 3:21pm
(Reuters) - Sears' plan to avoid bankruptcy in part by selling off or licensing brands including Kenmore and DieHard may prove difficult because of changing consumer tastes and possible legal roadblocks.

Senate votes to overturn Obama broadband privacy rules

Thu, 03/23/2017 - 1:22pm
WASHINGTON (Reuters) - The U.S. Senate on Thursday voted 50 to 48 to repeal regulations requiring internet service providers to do more to protect customers' privacy than websites like Alphabet Inc's Google or Facebook Inc .

RBS to close 158 branches due to dramatic online shift

Thu, 03/23/2017 - 12:19pm
(Reuters) - State-backed Royal Bank of Scotland said on Thursday it planned to close more than 150 bank branches in Britain and 770 roles are at risk in the latest round of cuts and closures at the lender.

U.S. State Dept. to approve Keystone pipeline permit: Politico

Thu, 03/23/2017 - 11:48am
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.

Disney extends CEO Iger's contract by a year to July 2019

Thu, 03/23/2017 - 11:36am
(Reuters) - Walt Disney Co said on Thursday it extended Chief Executive Bob Iger's term by a year to July 2, 2019 and said he would serve as a consultant for three years after that.

Credit Suisse considers stock sale instead of Swiss unit IPO: sources

Thu, 03/23/2017 - 10:43am
FRANKFURT/LONDON (Reuters) - Credit Suisse is considering an accelerated bookbuilding to raise capital instead of selling a minority stake in its Swiss banking division, two sources familiar with the matter told Reuters.

Wall Street opens flat; all eyes on healthcare vote

Thu, 03/23/2017 - 9:58am
(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.