Strong dollar 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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Exclusive: Wall Street lawyer Jay Clayton emerges as Trump’s top SEC choice

By Svea Herbst-Bayliss and Steve Holland BOSTON/WASHINGTON (Reuters) – Wall Street lawyer Jay Clayton, who has worked on high-profile initial public offerings such as Alibaba Group, is a leading candidate to head the U.S. Securities and Exchange Commission in the Trump administration, two sources familiar with the matter said on Tuesday. Clayton is a partner […]


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Chided by Trump, Ford scraps Mexico factory, adds Michigan jobs

By Bernie Woodall and David Shepardson FLAT ROCK, Mich./WASHINGTON (Reuters) – Ford Motor Co (F.N) on Tuesday scrapped a planned Mexican car factory and added 700 jobs in Michigan following criticism by Donald Trump, as the U.S. president-elect turned his attention toward rival General Motors Co (GM.N) with the threat of a “big border tax” […]


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Nokia sues Apple for infringing technology patents

By Eric Auchard and Jussi Rosendahl BELGRADE/HELSINKI (Reuters) – Nokia Corp (NOKIA.HE) said on Wednesday it had filed a number of lawsuits against Apple Inc (AAPL.O) for violating 32 technology patents, striking back at the iPhone maker’s legal action targeting the one-time cellphone industry leader a day earlier. Nokia’s lawsuits, filed in courts in Dusseldorf, […]


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Wall Street slips, dragged by healthcare and real estate

By Noel Randewich (Reuters) – U.S. stocks fell on Wednesday, with healthcare and real estate shares losing ground a day after the Nasdaq Composite and the Dow Jones Industrial Average hit record highs. The Dow briefly rose to within 15 points of 20,000, a level it has never reached, but relinquished that gain and spent […]


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Actelion re-enters talks with J&J, sidelining Sanofi

By John Revill and Ludwig Burger ZURICH/FRANKFURT (Reuters) – Swiss biotech company Actelion (ATLN.S) has turned back to prospective bidder Johnson Johnson (JNJ.N) for exclusive talks about a “strategic transaction”, in an about-turn that appears to sideline rival suitor Sanofi (SASY.PA). Actelion said in a brief statement on Wednesday it was in exclusive negotiations with […]


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Exclusive: Viacom unit head overseeing MTV, Comedy Central to leave

By Liana B. Baker and Jessica Toonkel SAN FRANCISCO/NEW YORK (Reuters) – Longtime Viacom Inc (VIAB.O) executive Doug Herzog, who oversees the networks Comedy Central and MTV, is leaving the company next month, according to a memo to employees sent Wednesday from chief executive Bob Bakish. Herzog, a 25-year veteran at Viacom known for helping […]


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Nokia sues Apple for infringing patents, industry back on war footing

By Eric Auchard and Jussi Rosendahl BELGRADE/HELSINKI (Reuters) – Nokia Corp (NOKIA.HE) said on Wednesday it had filed a number of lawsuits against Apple Inc (AAPL.O) for violating 32 technology patents, striking back at the iPhone maker’s legal action targeting the one-time cellphone industry leader a day earlier. Nokia’s lawsuits, filed in courts in Dusseldorf, […]


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Viacom unit head overseeing MTV, Comedy Central to leave

By Liana B. Baker and Jessica Toonkel SAN FRANCISCO/NEW YORK (Reuters) – Longtime Viacom Inc (VIAB.O) executive Doug Herzog, who oversees the networks Comedy Central and MTV, is leaving the company next month, according to a memo to employees sent Wednesday from chief executive Bob Bakish. Herzog, a 25-year veteran at Viacom known for helping […]


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Trump weighs ‘half-blind’ trust option for businesses: Politico

WASHINGTON (Reuters) – U.S. President-elect Donald Trump’s transition team is considering the use of discretionary trusts to avoid conflicts of interest for Trump family members or administration officials, Politico reported on Wednesday. Such an arrangement would provide individuals with an alternative to selling off assets or placing wealth in blind trusts, which president-elects traditionally do. […]


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