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Updated: 35 min 20 sec ago

China's ZTE Corp pleads guilty in U.S. court in sanctions case

Wed, 03/22/2017 - 6:51pm
NEW YORK (Reuters) - Chinese telecom equipment maker ZTE Corp on Wednesday pleaded guilty in U.S. federal court in Texas for conspiring to violate U.S. sanctions by illegally shipping U.S. goods and technology to Iran.

Healthcare bill woes could cause stocks correction: Blackstone's Wien

Wed, 03/22/2017 - 6:43pm
NEW YORK (Reuters) - Hurdles to getting a key U.S. healthcare bill approved could precipitate a correction for stocks, said Byron Wien, veteran investor and vice chairman of Blackstone Advisory Partners.

Canada unveils wait-and-see budget amid U.S. policy uncertainty

Wed, 03/22/2017 - 5:42pm
OTTAWA (Reuters) - Canada's Liberal government unveiled a stay-the-course budget on Wednesday that targeted export growth and some measure of tax reform but did little to whittle away at deficits even as it backed off from an explicit pledge to improve the debt outlook.

With Sears' future in doubt, vendors begin pulling back

Wed, 03/22/2017 - 5:37pm
(Reuters) - Sears Holdings Corp's disclosure that it could lack the financial strength to continue as a going concern is turning attention to the key difference maker for any cash-strapped retailer: vendors.

Trump Tantrum looms on Wall Street if healthcare effort stalls

Wed, 03/22/2017 - 5:13pm
NEW YORK (Reuters) - The Trump Trade could start looking more like a Trump Tantrum if the new U.S. administration's healthcare bill stalls in Congress, prompting worries on Wall Street about tax cuts and other measures aimed at promoting economic growth.

Verizon, AT&T suspend ads from Google over offensive videos

Wed, 03/22/2017 - 4:48pm
(Reuters) - U.S. wireless carriers Verizon Communications Inc and AT&T Inc said on Wednesday they have suspended some digital advertising from Google and YouTube because of concerns that their ads may have run next to offensive content.

Hospital, Medicaid insurer shares set for volatility as health vote nears

Wed, 03/22/2017 - 4:35pm
NEW YORK (Reuters) - The slumping U.S. healthcare stocks at the center of efforts to dismantle the Affordable Care Act are expected to stay volatile as Republican legislation heads into a vote on Thursday that could signal how protracted their battle to repeal the law will be.

If healthcare vote fails, would jeopardize 'Trump trades': Gundlach

Wed, 03/22/2017 - 4:33pm
NEW YORK (Reuters) - If the U.S. healthcare legislation overhaul is not passed, or is postponed, it will put "a lot of doubt" on the "Trump trades," which include higher U.S. equities and bond yields, DoubleLine Capital Chief Executive Jeffrey Gundlach said on Wednesday.

About 17,000 AT&T workers in California and Nevada go on strike

Wed, 03/22/2017 - 2:52pm
(Reuters) - About 17,000 AT&T Inc workers in California and Nevada went on strike on Wednesday, alleging that the company violated contract terms by forcing employees to do work outside their areas of expertise.

Snap pops 9 percent after winning second 'buy' recommendation

Wed, 03/22/2017 - 1:42pm
SAN FRANCISCO (Reuters) - Shares of Snap Inc jumped 9 percent on Wednesday after the owner of messaging app Snapchat received a second analyst "buy" rating following a red-hot public listing this month and with Wall Street skeptical about its lofty valuation.

Starbucks CEO Schultz to host last shareholder meeting

Wed, 03/22/2017 - 1:02pm
LOS ANGELES (Reuters) - Starbucks Corp co-founder Howard Schultz will host his final shareholder meeting as chief executive officer on Wednesday before Chief Operating Officer Kevin Johnson takes the helm of the global coffee chain on April 3.

Sears shares sink as creditors, investors fret over going-concern risk

Wed, 03/22/2017 - 12:31pm
(Reuters) - Sears Holdings Corp's shares slumped 16 percent on Wednesday as bondholders and investors questioned how long the retailer could remain in business, a day after the company flagged going-concern doubts.

Mobileye deal to fuel investment in late-stage Israeli start-ups

Wed, 03/22/2017 - 12:25pm
TEL AVIV (Reuters) - Intel's $15.3 billion acquisition of Mobileye has catapulted Israeli hi-tech into the global league, and is likely to stimulate investment in the sector's other late-stage startups, where funds are most needed.

Laptop ban hits Gulf airlines in battle for business travelers

Wed, 03/22/2017 - 12:18pm
LONDON (Reuters) - A ban on laptops in plane cabins bound for the United States from some cities could deal a blow to the big, fast-growing Gulf airlines, which depend on business-class flyers stopping over in places like Dubai or Doha for far-flung destinations.

EU's Vestager says analyzing Facebook reply to WhatsApp probe

Wed, 03/22/2017 - 12:08pm
BRUSSELS (Reuters) - EU antitrust chief Margrethe Vestager said on Wednesday she was reviewing Facebook's response to charges the U.S. social network provided misleading information during its bid for messaging service WhatsApp which may result in a hefty fine for the company.

Key House lawmaker: Dodd-Frank overhaul remains a 2016 priority

Wed, 03/22/2017 - 11:59am
WASHINGTON (Reuters) - The Republican chairman of a powerful House of Representatives committee said on Wednesday that he remains confident Congress will act to overhaul financial regulations "this year."

Existing home sales fall from 10-year high

Wed, 03/22/2017 - 10:42am
WASHINGTON (Reuters) - U.S. home resales fell more than expected in February amid a persistent shortage of houses on the market that is pushing up prices and sidelining potential buyers.

SEC shortens settlement cycle for securities trades

Wed, 03/22/2017 - 10:40am
WASHINGTON (Reuters) - U.S. securities regulators moved on Wednesday to modernize regulations that require stock and bond trades to settle within three business days, a step the industry has urged the government to take for years.

Indian regulator says Dow, duPont deal likely to hurt competition

Wed, 03/22/2017 - 10:16am
NEW DELHI (Reuters) - India's competition regulator said the proposed merger between Dow Chemical and duPont was likely to hurt competition, a government statement said on Wednesday.

Google allows users to share their locations in mapping app

Wed, 03/22/2017 - 10:06am
(Reuters) - Alphabet Inc's Google announced on Wednesday that it will revamp its popular maps app to allow users to share their locations, in order to boost engagement on a product of increasing strategic importance to the search giant.