U.S. Stocks Near Record as Oil Gains, Bonds Fall: Markets Wrap
U.S. stocks traded near a record high amid thin trading as oil posted its longest winning streak in four months. Treasuries fell amid soft demand in an auction of two-year notes. The most important market news of the day. Get our markets daily newsletter. Business Your guide to the most important business stories of the day, every day. You will now receive the Business newslet..>> view originalJapan's industrial output rises 1.5% in November
Japan’s industrial output rose 1.5 percent in November from the previous month, boosted by growth in electronics and automotive parts, the government said Wednesday, upgrading its assessment for the first time since August. The Ministry of Economy, Trade and Industry said industrial production shows signs of increasing. The assessment was last used in March 2014 before Japan raised its consumption tax from 5 percent to the current 8 percent, which later weighed on consumer sentiment. A ministr..>> view originalBP Is Buying This Australian Supermarket Chain's Gas Stations for $1.3 Billion
Australia's top grocer Woolworths (wolwf) said on Wednesday it will sell its chain of petrol stations to BP plc (bp) for A$1.8 billion ($1.3 billion), the latest disposal in a bid to return the company's focus to its core supermarket business.The sale of the fuel business, comprising 527 petrol stations and 16 development sites was flagged in September and follows its earlier exit from a disastrous foray into hardware, which led to a A$1.8 billion impairment charge.Get Term Sheet, Fortune’s ..>> view originalWoman Arrested for Walking Across US-Canada Border
U.S. Border Patrol agents arrested a Canadian woman who was walking across a field from Canada into America. According to the U.S. Customs and Border Protection, agents reported seeing Jennifer Roy-White allegedly walking in a field southbound into ...>> view originalUS accuses Chinese citizens of hacking law firms, insider trading
By Nate Raymond | NEW YORK NEW YORK Three Chinese citizens have been criminally charged in the United States with trading on confidential corporate information obtained by hacking into networks and servers of law firms working on mergers, U.S. prosecutors said on Tuesday.Iat Hong of Macau, Bo Zheng of Changsha, China, and Chin Hung of Macau were charged in an indictment filed in Manhattan federal court with conspiracy, insider trading, wire fraud and computer intrusion.Prosecutors said the m..>> view originalTrump Takes Credit for Bump in Consumer Confidence
FILE - In this Dec. 16, 2016 file photo, President-elect Donald Trump speaks during a rally in Orlando, Fla. Donald Trump hammered rival Hillary Clinton during the campaign for failing to prevent the attack on the U.S. mission in Benghazi, Libya when ...>> view originalAirbus's A380 Woes Deepen as Top Buyer Emirates Delays Jets
Airbus Group SE’s struggles with its A380 superjumbo are deepening as the planemaker delays deliveries of a dozen aircraft over the next two years to Emirates, the double-decker’s biggest customer.The delay stems from an agreement between Emirates and engine supplier Rolls-Royce Holdings Plc, Airbus said late Tuesday, adding that it will accelerate cost cuts at the unit to make up for the financial drag. Handovers of six A380s apiece that were originally planned for 2017 and 2018 will be shifte..>> view originalWritedown fears wipe $5 billion off Toshiba's value as it weighs options
Pedestrians walk past a logo of Toshiba Corp outside an electronics retailer in Tokyo Thomson Reuters By Makiko Yamazaki TOKYO (Reuters) - A looming writedown at Japanese conglomerate Toshiba Corp has wiped almost $5 billion off its value in two days and prompted a credit rating downgrade on Wednesday, as the company grapples to plug a potential multi-billion dollar hole. Toshiba said late on Tuesday that cost overruns at a U.S. nuclear business it bought from Chica..>> view originalVietnam sees 2016 growth at 6.2 pct, aided by building boom
The General Statistics Office said Wednesday that this year's growth rate is below 2015's rate of 6.7 percent but is still considered a success given unfavorable global trends and a spate of natural and environmental disasters. (Tran Van Minh/AP Photo).>> view originalS.Korea Fines Qualcomm $854M for Violating Competition Laws
South Korea's antitrust regulator fined Qualcomm Inc 1.03 trillion won ($854 million) for what it called unfair business practices in patent licensing and modem chip sales, a decision the U.S. chipmaker said it will challenge in court. The fine, the largest ever levied in South Korea, marks the latest antitrust setback for Qualcomm's most profitable business of licensing wireless patents to the mobile industry, at a time when the business is facing headwinds from a cooling smartphone market. Th..>> view original
Sunday, January 8, 2017
U.S. Stocks Near Record as Oil Gains, Bonds Fall: Markets Wrap and other top stories.
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