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Updated: 32 min 41 sec ago

Blackstone ends talks for NSO Group stake that prompted protest: sources

Tue, 08/15/2017 - 2:32pm
(Reuters) - Blackstone Group has pulled out of discussions to buy part of Israeli mobile surveillance software maker NSO Group, according to people familiar with the talks that had been criticized by digital privacy activists.

Apple plans to sell C$2.5 billion in bonds in Canada: IFR

Tue, 08/15/2017 - 2:25pm
TORONTO (Reuters) - Apple Inc plans to sell C$2.5 billion ($1.96 billion) in bonds in a Canadian-dollar-denominated issue, which would be a record amount for an issuer in the Maple bond market, Thomson Reuters IFR reported on Tuesday.

AIG shops $2 billion death benefits portfolio: sources

Tue, 08/15/2017 - 12:26pm
(Reuters) - American International Group Inc wants to sell a $2 billion portfolio of life insurance policies that would pay out when sick or elderly customers die, two people familiar with the matter said.

Americans' debt level notches a new record high

Tue, 08/15/2017 - 11:05am
NEW YORK (Reuters) - Americans' debt level notched another record high in the second quarter, after having earlier in the year surpassed its pre-crisis peak, on the back of modest rises in mortgage, auto and credit card debt, where delinquencies jumped.

NAFTA negotiators aiming for 'ambitious' first round of talks: USTR official

Tue, 08/15/2017 - 10:54am
WASHINGTON (Reuters) - Negotiators from Canada, Mexico and the United States are aiming for an ambitious first round of NAFTA talks starting on Wednesday, a senior U.S. trade official said on Tuesday, as the countries work to wrap up negotiations by early next year.

Uber settles U.S. allegations over privacy, security: FTC

Tue, 08/15/2017 - 10:42am
WASHINGTON (Reuters) - Uber has settled allegations with U.S. regulators that the ride-sharing company had made deceptive privacy and data security claims, the Federal Trade Commission said in a statement on Tuesday.

Brazil's JBS maintains plans for IPO of U.S. unit

Tue, 08/15/2017 - 9:22am
SAO PAULO (Reuters) - The world's largest meatpacker JBS SA will press on with plans to list shares of its United States subsidiary next year, Chief Executive Officer Wesley Batista said during a conference call with analysts on Tuesday.

Amazon opens 'Instant Pickup' points in U.S. brick-and-mortar push

Tue, 08/15/2017 - 9:04am
BERKELEY, Ca (Reuters) - Inc is rolling out pickup points in the United States where shoppers can retrieve items immediately after ordering them, shortening delivery times from hours to minutes, the company said on Tuesday.

U.S. retail sales post biggest gain in seven months

Tue, 08/15/2017 - 8:44am
WASHINGTON (Reuters) - U.S. retail sales recorded their biggest increase in seven months in July as consumers boosted purchases of motor vehicles as well as discretionary spending, suggesting the economy continued to gain momentum early in the third quarter.

Air Berlin files for insolvency after Etihad withdraws support

Tue, 08/15/2017 - 7:57am
BERLIN (Reuters) - Struggling German airline Air Berlin filed for insolvency on Tuesday after years of losses caught up with it and shareholder Etihad withdrew funding, with rival Lufthansa saying it was in talks to take over parts of its business.

Futures higher as North Korea tensions fade

Tue, 08/15/2017 - 7:33am
(Reuters) - U.S. stock index futures were higher on Tuesday as North Korea's leader delayed a decision on firing missiles towards the U.S. Pacific territory of Guam, pointing to receding tensions between the United States and North Korea.

Oil traders expect Asia to import more Venezuelan crude if U.S. sanctions kick in

Tue, 08/15/2017 - 6:55am
SINGAPORE/HOUSTON (Reuters) - Asia would be the biggest beneficiary of any potential sanctions by the United States on Venezuela's oil sector, said traders and analysts, as exports from the South American OPEC member could be redirected to the region, filling a vacuum left by producer supply cuts.

Home Depot tops profit, comp sales estimates; raises forecast

Tue, 08/15/2017 - 6:25am
(Reuters) - Home Depot Inc reported higher-than-expected quarterly profit and comparable sales on Tuesday, and also raised its full-year sales and profit forecast.

Linde says acceptance period for Praxair merger starts

Tue, 08/15/2017 - 4:54am
FRANKFURT (Reuters) - German industrial gases group Linde said the 10-week acceptance period for its proposed $74 billion merger with U.S. peer Praxair started on Tuesday and would run through Oct. 24.

German court sends challenge to ECB scheme to European Court

Tue, 08/15/2017 - 4:12am
FRANKFURT (Reuters) - Germany's constitutional court said on Tuesday it had declined to hear a challenge to the European Central Bank's 2.3 trillion euro ($2.7 trillion) asset purchase scheme, referring the case instead to the European Court of Justice.

China says it will defend interests if U.S. harms trade ties

Mon, 08/14/2017 - 11:19pm
BEIJING (Reuters) - China will take action to defend its interests if the United States damages trade ties, the Ministry of Commerce said on Tuesday, after U.S. President Donald Trump authorized an inquiry into China's alleged theft of intellectual property.

Asian shares, dollar rally as North Korea blinks

Mon, 08/14/2017 - 9:10pm
TOKYO (Reuters) - Asian shares rallied and the dollar firmed on Tuesday after North Korea's leader signaled that he would delay plans to fire a missile near Guam, further easing tensions and prompting investors to move back into riskier assets.

U.S. wages seen growing faster than headline data suggest

Mon, 08/14/2017 - 8:09pm
SAN FRANCISCO (Reuters) - U.S. wages are on the rise at a pace that is probably faster than the topline data suggest, according to a leading labor economist at the U.S. central bank.

Herbalife, Nu Skin shares fall on worries about China market

Mon, 08/14/2017 - 7:01pm
NEW YORK (Reuters) - Shares in multi-level marketing companies Herbalife Ltd, NU Skin Enterprises Inc and USANA Health Sciences Inc tumbled in high volume on Monday after a Chinese government website announced a crackdown on pyramid schemes.

Activist fund Corvex has $400 million stake in Danone: Bloomberg

Mon, 08/14/2017 - 6:40pm
(Reuters) - Activist hedge fund Corvex Management owns shares in French food group Danone SA worth about $400 million, viewing the world's largest yogurt maker as significantly undervalued, Bloomberg reported late on Monday, citing people familiar with the matter.