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Updated: 36 min 14 sec ago

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.

Ford expects lower Q1 earnings as spending rises, sales volume drops

Thu, 03/23/2017 - 9:49am
DETROIT (Reuters) - Ford Motor Co said on Thursday it expects lower earnings per share in the first quarter and lower pretax profit in 2017 due to higher spending on commodities, warranties and investments and a drop in sales volumes especially fleet sales.

PricewaterhouseCoopers settles with MF Global over collapse

Thu, 03/23/2017 - 9:25am
NEW YORK (Reuters) - PricewaterhouseCoopers LLP has settled a $3 billion lawsuit in which the bankruptcy administrator of MF Global Holdings Ltd accused the auditor of malpractice that led to the collapse of the brokerage run by former New Jersey governor Jon Corzine.

J&J latest to suspend ads from YouTube over offensive videos

Thu, 03/23/2017 - 8:50am
(Reuters) - U.S. healthcare conglomerate Johnson & Johnson became the latest company to suspend all digital advertising on Google's YouTube, over concerns that its ads may have appeared on channels that broadcast offensive videos.

Fed's Yellen does not comment on monetary policy

Thu, 03/23/2017 - 8:46am
WASHINGTON (Reuters) - Federal Reserve Chair Janet Yellen did not address monetary policy or the economic outlook in prepared remarks for a childhood education conference in Washington on Thursday.

Jobless claims unexpectedly rise; labor market still strong

Thu, 03/23/2017 - 8:34am
WASHINGTON, March 23 (Reuters) - - The number of Americans filing for unemployment benefits unexpectedly rose last week, but remained below a level associated with a strengthening labor market. Initial claims for state unemployment benefits increased 15,000 to a seasonally adjusted 258,000 for the week ended March 18, the Labor Department said on Thursday.

Shell reluctant to part with California refinery amid asset sale

Thu, 03/23/2017 - 7:56am
NEW YORK (Reuters) - Royal Dutch Shell is in talks with several potential buyers for its refinery outside of San Francisco, but the Anglo-Dutch oil giant is reluctant to part with its last asset in California, three people familiar with the process say.

As Trump targets energy rules, oil companies downplay their impact

Thu, 03/23/2017 - 7:08am
BOSTON (Reuters) - President Donald Trump’s White House has said his plans to slash environmental regulations will trigger a new energy boom and help the United States drill its way to independence from foreign oil.

PPG's McGarry in Amsterdam to promote 'compelling' Akzo offer

Thu, 03/23/2017 - 6:47am
AMSTERDAM (Reuters) - Paint maker PPG has made a "very compelling" offer for Akzo Nobel and was shocked when its Dutch rival turned it down, PPG's chief executive Michael McGarry said on Thursday on a visit to Amsterdam to drum up support for a proposed tie-up.

Diamond group De Beers buys out retail partner LVMH

Thu, 03/23/2017 - 6:25am
PARIS (Reuters) - Anglo American's diamond specialist De Beers has bought the 50 percent stake held by French luxury goods group LVMH in De Beers Diamond Jewellers for an undisclosed amount, taking full ownership of the retail operation.

China's ZTE posts fourth-quarter net loss after U.S. sanction case fine

Thu, 03/23/2017 - 6:20am
HONG KONG (Reuters) - Chinese telecommunications equipment maker ZTE Corp on Thursday reported a net loss of 5.22 billion yuan ($760 million) in fourth-quarter profit, as it booked a $892 million charge to settle a U.S. sanctions case.

Teva Pharm may fire 6,000 workers: Israeli media report

Thu, 03/23/2017 - 4:30am
JERUSALEM (Reuters) - Teva Pharmaceutical Industries may fire as many as 6,000 workers worldwide as part of a multi-year efficiency plan, Israel's Calcalist news website reported on Thursday.

China's Chery files trademark complaint against Mercedes over green car brand

Thu, 03/23/2017 - 1:09am
BEIJING (Reuters) - Chinese automaker Chery Automobile Co Ltd [CHERY.UL] has filed a complaint with the country's trademark regulator over Mercedes-Benz's use of the "EQ" name for a line of green-energy vehicles, throwing up a potential road block for the Daimler AG unit in the world's largest electric car market.

Exclusive: Westinghouse's clients gear up for bankruptcy fight - sources

Wed, 03/22/2017 - 10:45pm
(Reuters) - The U.S. utilities that are clients of Toshiba Corp's nuclear power plant construction subsidiary, Westinghouse Electric Co LLC, have hired advisers to prepare for its potential bankruptcy, according to people familiar with the matter.

Asia stocks advance, dollar, oil recover from multi-month lows

Wed, 03/22/2017 - 9:00pm
SINGAPORE (Reuters) - Asian stocks rose on Thursday, taking their cues from a Wall Street bounce, while the dollar crawled up from a four-month low but remains clouded by concerns about U.S. President Donald Trump's pro-growth policies.

Oil bounces off November lows, but bloated U.S. stockpiles pressure market

Wed, 03/22/2017 - 8:53pm
SINGAPORE (Reuters) - Oil prices on Thursday recovered from losses chalked up the session before, but the market remains under pressure as bloated U.S. crude inventories and rising output dampen OPEC-led efforts to curb global production.

Wells Fargo introduces cardless ATMs across U.S. in digital push

Wed, 03/22/2017 - 7:20pm
NEW YORK (Reuters) - Starting on Monday, Wells Fargo & Co depositors can withdraw money using a smartphone at any branded ATM, the latest sign of U.S. lenders moving away from traditional brick-and-mortar banking.

Slide in U.S. infrastructure stocks sign of 'Trump trade' weakness

Wed, 03/22/2017 - 6:59pm
NEW YORK (Reuters) - If the swoon this week in financials was one sign of the Trump trade running out of fuel, recent weakness in transportation and infrastructure shares is another.

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