U.S. manufacturing, construction sectors shine as year ended

By Lucia Mutikani WASHINGTON (Reuters) – U.S. factory activity accelerated to a two-year high in December amid a surge in new orders and rapidly rising raw material prices, indicating that some of the drag on manufacturing from prolonged dollar strength and a slump in oil prices was fading. Other data on Tuesday showed U.S. construction […]


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Dollar strength lifts Japan shares, crimps commodities

By Saqib Iqbal Ahmed NEW YORK (Reuters) – Stock indexes around the world gained on Wednesday, bolstered by upbeat global economic data and minutes from the Federal Reserve’s December meeting, which showed policymakers thought the U.S. economy could grow more quickly because of fiscal stimulus under the incoming Trump administration. The dollar retreated from a […]


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Takata shares rise by daily limit, up 18.2 percent

TOKYO (Reuters) – Shares in Japanese air bag manufacturer Takata Corp (7312.T) gained 18.2 percent on Wednesday, rising by a daily limit of 80 yen to 519 yen ($4.56), stemming four days of steep decline brought about by investor fear of a court-mediated bankruptcy. Takata shares were down 40 percent from a week earlier. (Reporting […]


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CalPERS votes to lower expected investment return rate to 7 percent by 2020

By Rory Carroll SAN FRANCISCO (Reuters) – The California Public Employees’ Retirement System board voted on Wednesday to lower the pension plan’s expected rate of return from investment to 7 percent by 2020, a decision that comes after the fund failed to meet its 7.5 percent target the past two years. The move by the […]


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Alcoa beats revenue estimates, sees higher aluminum demand

(Reuters) – Alcoa Corp (AA.N) reported higher-than-expected revenue in its first quarterly results after the metals company split into two in November, helped partly by a rise in alumina prices. The producer of aluminum, alumina and bauxite also said it expects a 4 percent growth in global aluminum demand in 2017 even as the market […]


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Toyota Motor to add 400 jobs at Indiana assembly plant

By Naomi Tajitsu and David Shepardson TOKYO/WASHINGTON (Reuters) – Toyota Motor Corp 7203.T on Tuesday said it would add 400 jobs to build more SUVs at one of its U.S. plants, highlighting its expansion plans just as U.S. President Donald Trump calls on manufacturers to build more cars in the country. The Japanese automaker said […]


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Coke moves away from AB InBev with Africa bottling deal

By Philip Blenkinsop and Martinne Geller BRUSSELS/LONDON (Reuters) – Coca-Cola Co (KO.N) has reached a deal to buy Anheuser-Busch InBev’s (ABI.BR) majority stake in their African bottling venture for $3.15 billion and hold onto it until it finds a new owner, the companies said on Wednesday. Coke said in October it would exercise a right […]


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Aetna, Humana to consider all options after court blocks merger

(Reuters) – Aetna (AET.N) and Humana (HUM.N) would consider all available options for their proposed $34 billion merger, the two U.S. health insurers said on Tuesday, a day after a court ruled against the deal due to fears it would lower competition. The deal would “substantially lessen competition” in the sale of Medicare Advantage plans […]


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Cisco to buy AppDynamics for $3.7 billion in growth push

By Liana B. Baker and Heather Somerville SAN FRANCISCO (Reuters) – Cisco Systems Inc (CSCO.O) said on Tuesday that it agreed to buy U.S. business software company AppDynamics Inc for about $3.7 billion, making one of its largest deals of recent years as it searches for growth beyond its core networking business. Legacy technology players […]


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Asian stocks creep to three-month highs, dollar drifts

By Saqib Iqbal Ahmed NEW YORK (Reuters) – Global equity prices rallied and the Dow Jones Industrial Average blew past the psychological 20,000 level on Wednesday, lifted by strong Japanese trade data, robust earnings and investor hopes that U.S. President Donald Trump will press ahead with a large fiscal spending package. The rally in stocks […]


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