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Abbott wins U.S. antitrust approval to buy Alere with conditions

September 28, 2017 by  
Filed under News

WASHINGTON (Reuters) – Abbott Laboratories has won U.S. antitrust approval to buy Alere Inc on condition that it sell two point-of-care medical testing businesses, the Federal Trade Commission said on Thursday.


Source: Reuters Business News

Wall St. edges up on healthcare, tax plan hopes

September 28, 2017 by  
Filed under News

(Reuters) – Wall Street edged higher on Thursday, with the S&P 500 poised to close at a record on gains in McDonald’s and healthcare names, while investors continued to hope President Donald Trump will be able to make progress on tax reform.


Source: Reuters Business News

Roku connects with investors in debut, shares up 16.6 percent

September 28, 2017 by  
Filed under News

(Reuters) – Shares of Roku Inc , a Fox-backed video streaming firm, rose as much as 16.6 percent in their market debut on Thursday, giving the U.S. IPO market a much-needed shot in the arm.


Source: Reuters Business News

Wealthy financiers could gain from Trump's proposed tax cut for small businesses

September 28, 2017 by  
Filed under News

WASHINGTON (Reuters) – High-income Wall Street financiers could be unintended winners from a section of U.S. President Donald Trump’s tax-cut plan that is meant to help mostly small, “mom-and-pop” businesses.


Source: Reuters Business News

Aramco listing reshapes Saudi Arabia's OPEC oil policy

September 28, 2017 by  
Filed under News

DUBAI/LONDON (Reuters) – Saudi Arabia’s plans to float state oil titan Aramco are prompting the country to think the unthinkable.


Source: Reuters Business News

Wall St. climbs on financials boost, tax plan hopes

September 27, 2017 by  
Filed under News

NEW YORK (Reuters) – U.S. stocks rose on Wednesday, powered by gains in financial shares as expectations for a December rate hike grew and hopes President Donald Trump’s administration may be making progress on a new tax plan.


Source: Reuters Business News

Quebec, Britain threaten retaliation after Bombardier tariffs

September 27, 2017 by  
Filed under News

MONTREAL (Reuters) – The Canadian province of Quebec and Britain threatened retaliation on Wednesday over stiff U.S. tariffs imposed on Bombardier Inc’s CSeries jet that could affect thousands of jobs in the two countries.


Source: Reuters Business News

Detroit Three's to lose dominance of North American auto output in 2017: IHS

September 27, 2017 by  
Filed under News

DETROIT (Reuters) – North American vehicle production by the unionized Detroit Three automakers will fall behind the combined North American output of Tesla Inc and automakers from Europe and Asia for the first time this year, IHS Markit forecast on Wednesday.


Source: Reuters Business News

Uber to shutter its U.S. auto-leasing business

September 27, 2017 by  
Filed under News

(Reuters) – Ride-hailing firm Uber Technologies Inc [UBER.UL] on Wednesday said it is shutting down its U.S. auto-leasing business.


Source: Reuters Business News

Exclusive: N.Y. regulator subpoenas Equifax over massive breach

September 27, 2017 by  
Filed under News

NEW YORK (Reuters) – New York state’s financial services regulator has issued a subpoena to Equifax Inc demanding it provide more information about the massive data breach the credit-reporting firm disclosed this month, a person familiar with the matter said on Wednesday.


Source: Reuters Business News

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