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Updated: 34 min 22 sec ago

U.S. core capital goods orders, shipments slip in May

Mon, 06/26/2017 - 8:33am
WASHINGTON, (Reuters) - New orders for key U.S.-made capital goods unexpectedly fell in May and shipments also declined, suggesting a loss of momentum in the manufacturing sector halfway through the second quarter.

Pharmacy executive tied to 2012 U.S. meningitis outbreak to be sentenced

Mon, 06/26/2017 - 7:27am
BOSTON (Reuters) - A former Massachusetts pharmacy executive who was convicted of racketeering and fraud charges for his role in a deadly U.S. meningitis outbreak in 2012 is scheduled to be sentenced on Monday.

Monte dei Paschi's rescue deal has been finalised: Bank of Italy

Mon, 06/26/2017 - 7:24am
ROME (Reuters) - A rescue deal that will allow Italy to inject up to 6.6 billion euros ($7.4 billion) into the country's fourth largest bank Monte dei Paschi di Siena has received all necessary approvals by EU authorities, a top central bank official said.

Stock futures higher as oil prices rebound

Mon, 06/26/2017 - 7:21am
(Reuters) - U.S. stock index futures were higher as oil prices rebounded, while investors awaited economic data for a reading on the health of the economy.

'Pharma bro' Martin Shkreli heads into fraud trial

Mon, 06/26/2017 - 6:08am
NEW YORK (Reuters) - Martin Shkreli, the pharmaceutical entrepreneur vilified as the "pharma bro" for raising the price of a life-saving drug by 5,000 percent, will go on trial on Monday for what U.S. prosecutors called a Ponzi-like scheme at his former hedge fund and a drug company he once ran.

Nestle 'committed' to strategy as activist investor moves in

Mon, 06/26/2017 - 5:55am
LONDON (Reuters) - Nestle , the world's largest food maker, remains committed to its strategy, as it faces criticism from activist shareholder Third Point from the United States.

EU court seen ruling on Intel antitrust case next year: judge

Mon, 06/26/2017 - 5:08am
PARIS (Reuters) - Europe's top court is likely to rule on Intel's appeal against a record 1.06 billion euro ($1.19 billion) EU antitrust fine next year, an EU judge said on Monday, a case that may affect companies such as Google and Qualcomm in the EU's crosshairs.

Oil edges above November lows but under threat from U.S. supply surge

Mon, 06/26/2017 - 5:00am
LONDON (Reuters) - Oil rose for a third straight session on Monday, as speculators took advantage of last week's drop to seven-month lows, although a relentless increase in U.S. supply and little evidence of a widespread drop in global inventories capped gains.

Clogged oil arteries slow U.S. shale rush to record output

Mon, 06/26/2017 - 4:15am
GUERNSEY, WYOMING (Reuters) - A gallon of gasoline that allows a driver on the U.S. East Coast to travel about 25 miles has already navigated thousands of miles from an oil field to one of the world's largest fuel markets.

Deutsche Bank appoints ex-Ukraine boss new Russia head

Mon, 06/26/2017 - 3:44am
MOSCOW (Reuters) - Deutsche Bank said on Monday it had appointed Borislav Ivanov as chief country officer for Russia and chairman of its local board.

Intesa sees closure of 600 branches, exit of 3,900 staff in Veneto banks deal

Mon, 06/26/2017 - 2:38am
MILAN (Reuters) - Intesa Sanpaolo said on Monday its planned acquisition of the good assets of Banca Popolare di Vicenza and Veneto Banca could lead to the closure of around 600 branches and the departure, on a voluntary basis, of around 3,900 staff.

Facebook in talks to produce original TV-quality shows: WSJ

Mon, 06/26/2017 - 1:41am
(Reuters) - Facebook Inc is in talks with Hollywood studios about producing scripted, TV-quality shows, with an aim of launching original programming by late summer, the Wall Street Journal reported on Sunday.

Investing with 'green' ratings? It's a gray area

Mon, 06/26/2017 - 1:31am
BOSTON/NEW YORK (Reuters) - Investors betting trillions on ethically-appealing stocks may not be getting all they expect.

Australians among 19 on trial as Crown Resorts case opens in China

Sun, 06/25/2017 - 11:52pm
SHANGHAI (Reuters) - Three Australians went on trial in China on Monday along with a dozen other Crown Resorts Ltd employees and former employees accused of gambling crimes, following a lengthy probe into how the firm lured Chinese high-rollers to its casinos.

Pandora Media's CEO Tim Westergren to step down: Recode

Sun, 06/25/2017 - 10:35pm
(Reuters) - Music streaming service Pandora Media Inc's founder and chief executive, Tim Westergren, plans to step down, Recode reported citing people familiar with the company's plans.

Asia stocks edge up on optimism over global growth, oil rebounds

Sun, 06/25/2017 - 9:52pm
TOKYO (Reuters) - Asian shares edged up on Monday on optimism about global growth while the dollar was on the defensive as a subdued U.S. inflation outlook capped U.S. bond yields.

Takata decides to file for bankruptcy: source

Sun, 06/25/2017 - 7:46pm
TOKYO (Reuters) - Japan's Takata Corp , the firm at the center of the auto industry's biggest ever product recall, will file for bankruptcy protection in Japan on Monday with liabilities of more than 1 trillion yen ($9 billion), a source said.

Loeb's Third Point hedge fund targeting Nestle for strategic changes: Bloomberg

Sun, 06/25/2017 - 3:57pm
(Reuters) - Nestle SA , is being targeted by activist investor Daniel Loeb's hedge fund Third Point LLC, Bloomberg reported, citing people familiar with the matter.

RBS to cut 443 jobs in UK, move many of them to India

Sun, 06/25/2017 - 2:39pm
(Reuters) - British lender Royal Bank of Scotland is planning to cut 443 jobs dealing with business loans and many of them will move to India, the bank said.

Italy holds emergency cabinet meeting over Veneto banks

Sun, 06/25/2017 - 10:49am
ROME (Reuters) - The Italian cabinet convened on Sunday afternoon to approve an emergency decree that will start liquidation proceedings for two ailing Veneto-based lenders, Banca Popolare di Vicenza and Veneto Banca, the prime minister's office said.