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Updated: 41 min 18 sec ago

Futures flat as Trump tax plan awaited

Wed, 04/26/2017 - 7:32am
(Reuters) - U.S. stock index futures were little changed on Wednesday amid a flood of corporate earnings, while investors awaited President Donald Trump's tax plan.

Twitter posts strongest growth in monthly users in a year

Wed, 04/26/2017 - 7:28am
(Reuters) - Twitter Inc reported its strongest growth in monthly active users in more than a year and a much better-than-expected quarterly profit, despite stiff competition from Facebook and Snapchat, sending its shares up 11 percent.

China's richest man deepens sports foray with global marathons deal

Wed, 04/26/2017 - 7:22am
BEIJING (Reuters) - China's Dalian Wanda Group, controlled by the country's richest man Wang Jianlin, has signed a deal to sponsor races with the world's top organizer, Abbott World Marathon Majors (WMM), the latest move by Wanda to expand its global sports business.

Tesla Model S loses top rating from Consumer Reports over brake issue

Wed, 04/26/2017 - 6:54am
DETROIT (Reuters) - Tesla Inc has lost its top safety rating from Consumer Reports, which said the electric carmaker failed to install an emergency braking feature that it promised to owners as standard equipment.

Nasdaq's quarterly profit jumps 28 percent

Wed, 04/26/2017 - 6:38am
(Reuters) - Nasdaq Inc posted a 28 percent rise in quarterly profit as the transatlantic exchange operator benefited from its acquisitions.

PepsiCo profit beats on demand for healthier snacks, drinks

Wed, 04/26/2017 - 6:37am
(Reuters) - PepsiCo Inc reported higher-than-expected quarterly revenue and profit as the company benefited from demand for its healthier drinks and snacks and kept a tight leash on costs.

Congress moves closer to deal to avert U.S. government shutdown

Wed, 04/26/2017 - 6:13am
WASHINGTON (Reuters) - The U.S. Congress was moving closer to crafting a deal to avoid shutting down at the stroke of midnight on Friday, but the details and even broad strokes of an agreement were still murky.

Exclusive: A New York hotel deal shows how some public pension funds help to enrich Trump

Wed, 04/26/2017 - 6:11am
WASHINGTON (Reuters) - Public pension funds in at least seven U.S. states have invested millions of dollars in an investment fund that owns a New York hotel and pays one of President Donald Trump's companies to run it, according to a Reuters review of public records. That arrangement could put Trump at risk of violating an obscure constitutional clause, some legal experts say.

Former Jefferies trader to be sentenced for fraud in bond sales

Wed, 04/26/2017 - 6:04am
(Reuters) - A federal judge in Connecticut on Wednesday is set to sentence a former Jefferies Group bond trader after he was found guilty earlier this year of defrauding customers on bond prices.

Daimler says diesel probes could result in penalties, recalls

Wed, 04/26/2017 - 2:26am
FRANKFURT (Reuters) - Daimler said recent steps by United States authorities to investigate diesel emissions pollution and so-called auxiliary emission control devices, could lead to significant penalties and vehicle recalls.

Mining giants race to fill board leadership gaps

Wed, 04/26/2017 - 2:18am
LONDON (Reuters) - Three of the world's biggest miners are hunting for new leaders for their boards at a time when the industry faces questions from investors about its conventional diversified business operations and strategies for growth.

Credit Suisse to raise $4 billion in rights issue, ditches Swiss unit IPO

Wed, 04/26/2017 - 1:26am
ZURICH (Reuters) - Credit Suisse will raise around 4 billion Swiss francs ($4 billion) through a rights offering to catch up to European rivals on capital, ditching plans to float a minority stake in its Swiss banking unit.

Tyson Foods eyes higher wages as U.S. labor market tightens

Wed, 04/26/2017 - 1:16am
CHICAGO (Reuters) - Tyson Foods Inc , the biggest U.S. chicken company, said on Wednesday it may raise wages again for workers at all of its poultry plants, a sign of an intensifying battle for employees in a tightening labor market.

China banks miss out on U.S. investment banking bonanza

Wed, 04/26/2017 - 1:08am
NEW YORK (Reuters) - As scores of investment bankers profit from the fee bonanza offered by Chinese companies hunting for deals in the United States, one group is conspicuously absent - Chinese banks.

Oil falls on bulging U.S. crude inventories, record global supplies

Wed, 04/26/2017 - 12:30am
SINGAPORE (Reuters) - Oil prices resumed their downward trend on Wednesday as data showed a rise in U.S. crude inventories and record supplies in the rest of the world cast doubt on OPEC's ability to cut supplies and tighten the market.

McDonald's drops plan to sell shares in Japan unit

Tue, 04/25/2017 - 11:43pm
TOKYO (Reuters) - McDonald's Corp has put on hold plans to sell shares in its Japan unit, which recently returned to profit for the first time in three years after a series of food scandals shook consumer confidence in the chain.

South Korea court says Uber violated transport law, latest setback for U.S. firm

Tue, 04/25/2017 - 11:22pm
SEOUL (Reuters) - A South Korean court on Wednesday ruled that the ride-hailing group Uber Technologies Inc [UBER.UL] illegally used private vehicles for commercial purposes, in the latest legal setback for the U.S. firm in Asia's fourth biggest economy.

Trump tax plan will sharply slash corporate tax rates

Tue, 04/25/2017 - 10:30pm
WASHINGTON (Reuters) - U.S. President Donald Trump is proposing to slash the corporate income tax rate and offer multinational businesses a steep tax break on overseas profits brought into the United States, officials said late on Tuesday.

Asian stocks extend gains on bullish Wall Street, euro steady

Tue, 04/25/2017 - 8:57pm
HONG KONG (Reuters) - Asian stocks extended gains for a fifth straight day on Wednesday as Wall Street hit new peaks while the euro consolidated recent gains as immediate concerns of political uncertainty in the euro zone receded.

Asia investors boost use of unorthodox data sources in battle to beat benchmarks

Tue, 04/25/2017 - 8:00pm
HONG KONG (Reuters) - Sometime in the third quarter of 2016, Blackrock’s scientific active equity team, which manages $80 billion globally, began picking up increased signs of construction activity on the ground in China by using satellite imagery.