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Harvey Weinstein resigns from Weinstein Co board: report

October 17, 2017 by  
Filed under News

LOS ANGELES (Reuters) – Harvey Weinstein has resigned from the board of The Weinstein Company, Hollywood trade publication Variety reported on Tuesday, as he faces allegations that he sexually harassed or assaulted a number of women over three decades in the film business.


Source: Reuters Business News

New cancer drugs help Johnson & Johnson top profit estimates

October 17, 2017 by  
Filed under News

(Reuters) – Johnson & Johnson posted better-than-expected third-quarter earnings, raising its full-year forecast due to growth from new cancer drugs and high-margin treatments picked up in its $30 billion acquisition of Actelion earlier this year.


Source: Reuters Business News

Powell likely next Fed chief, though Yellen best suited: economists

October 17, 2017 by  
Filed under News

LONDON (Reuters) – Jerome Powell likely will be the next Federal Reserve chairman, according to a slim majority of economists in a Reuters poll – but most of them said current Fed Chair Janet Yellen would be the best option.


Source: Reuters Business News

Dow tops 23,000-mark for the first time on strong earnings

October 17, 2017 by  
Filed under News

(Reuters) – The Dow Jones Industrial Average breached the 23,000-mark for the first time on Tuesday, powered by strong earnings from UnitedHealth and Johnson & Johnson.


Source: Reuters Business News

Obituary: Jim Saft, Reuters columnist, a man of humor and insight

October 17, 2017 by  
Filed under News

This headline by Jim Saft, who died on Monday after suffering a stroke last month, was typical of the writing of one of Reuters smartest and most engaging columnists on investment and markets. [SAFT/]


Source: Reuters Business News

Wall St. inches up with financials, energy

October 16, 2017 by  
Filed under News

(Reuters) – U.S. stocks edged higher on Monday as financial shares recovered from last week’s losses and higher oil prices lifted energy shares.


Source: Reuters Business News

Colony Capital injects cash, in talks to buy Weinstein Co

October 16, 2017 by  
Filed under News

NEW YORK (Reuters) – The Weinstein Company has entered talks to sell the bulk of its assets to private equity firm Colony Capital, the companies said on Monday, as the film production company looks for stability after the departure of co-founder Harvey Weinstein.


Source: Reuters Business News

Tough U.S. NAFTA demands send ball back into lobbyists' court

October 16, 2017 by  
Filed under News

ARLINGTON, Va. (Reuters) – Lobbying efforts on the North American Free Trade Agreement hit a crucial stage this week after the Trump administration ignored the U.S. business community’s advice and pitched proposals to radically reshape NAFTA, leaving its future in doubt.


Source: Reuters Business News

Striking Canadian union approves deal with GM

October 16, 2017 by  
Filed under News

MONTREAL (Reuters) – General Motors Co. on Monday welcomed the ratification of a new four-year agreement by unionized workers at its SUV plant in Ontario, Canada, ending a near month-long strike.


Source: Reuters Business News

Nordstrom family suspends attempt to take U.S. retailer private

October 16, 2017 by  
Filed under News

(Reuters) – Nordstrom Inc said on Monday that a founding family group had suspended attempts to take the U.S. department store operator private because of difficulties in arranging debt financing for its bid ahead of the key holiday shopping season.


Source: Reuters Business News

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