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Tuesday, October 16, 2018 11:33:08 AM
U.S. tech giant Google will charge smartphone makers a licensing fee for using its popular Google Play app store and also allow them to use rival versions of its Android mobile operating system to comply with an EU antitrust order.
Tuesday, October 16, 2018 11:30:40 AM
Nomura Holdings Inc has agreed to pay $480 million to resolve civil claims by the U.S. government that it misled investors in marketing residential mortgage-backed securities, U.S. authorities said on Tuesday.
Tuesday, October 16, 2018 11:21:31 AM
Walmart Inc's chief executive officer on Tuesday urged investors to rethink the company's business, touting its various tech investments to grow online sales at a time it is battling for market share.
Tuesday, October 16, 2018 10:56:16 AM

J&J applauds U.S. proposal on drug prices in TV ads(Reuters) - Johnson & Johnson applauded a U.S. government proposal requiring drugmakers to include price of medicines in television ads, Chief Financial Officer Joseph Wolk said in a CNBC interview on Tuesday. The company's comment comes a day after U.S. government had sought such a move as part of its effort to increase pressure on drugmakers to lower costs. (This story has been refilled to correct to "applauds" from "agrees" in headline, paragraph 1) (Reporting by Ankur Banerjee in Bengaluru; Editing by Arun Koyyur)

Tuesday, October 16, 2018 10:55:07 AM
The three main Wall Street indexes rose more than 1 percent on Tuesday as upbeat earnings from blue-chips such as Johnson & Johnson and Goldman Sachs eased jitters over the impact of rising interest rates and tariffs on corporate profits.
Tuesday, October 16, 2018 10:52:32 AM
Ride-hailing giant Uber Technologies Inc [UBER.UL] could be valued at $120 billion, when it finally goes public next year according to proposals made by U.S. banks bidding to run the offering, the Wall Street Journal reported on Tuesday.
Tuesday, October 16, 2018 10:49:12 AM
A U.S. judge on Tuesday approved a settlement between a federal regulator, Tesla Inc and its chief executive officer, Elon Musk, over his tweets promising to take the company private, signaling an end to a tumultuous period for investors.
Tuesday, October 16, 2018 10:42:42 AM
Huawei [HWT.UL] unveiled new flagship smartphones with novel smart camera and video features on Tuesday, as it seeks to sustain momentum among price-conscious consumers.
Tuesday, October 16, 2018 10:39:45 AM
The U.S. Federal Reserve said on Tuesday that it terminated a 2013 enforcement action against Royal Bank of Scotland Group for sanctions lapses in its foreign operations.
Tuesday, October 16, 2018 10:27:35 AM
German premium car brand Audi, a division of Volkswagen , said it was fined 800 million euros ($927 million) on Tuesday for violations tied to heavily polluting six- and eight-cylinder diesel engines.
Tuesday, October 16, 2018 10:25:38 AM
Wall Street's top investment banks reported better-than-expected quarterly profits on Tuesday, helped by strength in stock trading and equity underwriting, wrapping up what has been a strong quarter for the big U.S. banks.
Tuesday, October 16, 2018 10:25:12 AM
BlackRock Inc's quarterly revenue fell short of Wall Street's expectations on Tuesday as the world's biggest asset manager reported its lowest sales of equity, bond and other long-term investments since the second quarter of 2016.
Tuesday, October 16, 2018 10:09:30 AM
Wells Fargo & Co said on Tuesday it had applied for an investment firm license in France as part of a Brexit strategy to shift some of its servicing of European mainland customers out of London.
Tuesday, October 16, 2018 10:08:30 AM

Police: So far no indication of IS link to Cologne attackBERLIN (AP) — Cologne police are investigating whether extremism was the motivation behind a bloody hostage-taking at the city's main train station, but so far have found no ties to the Islamic State group, authorities said Tuesday.

Tuesday, October 16, 2018 10:05:47 AM
Quarterly profit jumped at investment banks Goldman Sachs and Morgan Stanley, helped by growth in equities trading and underwriting. Fred Katayama reports.
Tuesday, October 16, 2018 10:00:02 AM
U.S. job openings jumped to a record high in August, far outpacing a rise in hiring, suggesting that companies could be increasingly having difficulties finding qualified workers.
Tuesday, October 16, 2018 9:27:10 AM
When Sears Holdings Corp filed for Chapter 11 bankruptcy on Monday, it said it would close another 142 unprofitable Sears and Kmart locations and seek to reorganize around financially healthier stores. It also triggered a "time bomb" that retailers have had a tough time surviving.
Tuesday, October 16, 2018 9:21:10 AM

Donald Trump Renews His Racist 'Pocahontas' Attack On Elizabeth WarrenPresident Donald Trump on Tuesday unleashed a torrent of tweets redoubling his

Tuesday, October 16, 2018 9:19:15 AM
(In this Oct. 15 story, corrects date of book "“The Road Ahead" to 1995.)
Tuesday, October 16, 2018 8:49:50 AM
U.S. industrial production increased for a fourth straight month in September, boosted by gains in manufacturing and mining output, but momentum slowed sharply in the third quarter.
Tuesday, October 16, 2018 8:18:55 AM

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Tuesday, October 16, 2018 8:09:19 AM
Volkswagen will overhaul its dealership and sales organization by April 2020 to enable online sales and over-the-air software updates for its new electric cars, the German automaker said on Tuesday.
Tuesday, October 16, 2018 7:52:00 AM

Midterm elections: Michelle Obama compared to chimpanzee by Republican Senate candidateA Republican Senate candidate compared Michelle Obama to a chimpanzee during her meeting with the Queen and urged the former first lady to stand up “straighter”. Karin Housley – currently a state senator who serves in Minnesota – took to Facebook in 2009 to compare Ms Obama to the chimpanzee in 1951 film Bedtime for Bonzo, which starred Ronald Reagan.

Tuesday, October 16, 2018 7:51:44 AM
The U.S. government closed the 2018 fiscal year $779 billion in the red, its highest deficit in six years, as Republican-led tax cuts pinched revenues and expenses rose on a growing national debt, according to data released on Monday by the Treasury Department.
Tuesday, October 16, 2018 7:32:34 AM
A Reuters poll has found the number of Japanese companies affected by the U.S.-Sino trade war has jumped to a third, soaring from just 3 percent in May with firms fretting about prospects for their exports from China as well as slower Chinese demand. Michelle Hennessy reports.
Tuesday, October 16, 2018 7:30:53 AM
The chief executives of HSBC, Standard Chartered and Credit Suisse have pulled out of a high profile conference in Saudi Arabia next week, the latest business leaders to abandon the event amid widespread concern about the fate of a journalist. Francis Maguire reports
Tuesday, October 16, 2018 7:20:53 AM
Unilever will engage more with its shareholders and has learned lessons from investors' opposition to the consumer goods group's pay policy, a company executive said on Tuesday in response to questions from a British parliamentary committee.
Tuesday, October 16, 2018 7:15:14 AM
Goldman Sachs reported a better-than-expected quarterly profit on Tuesday, driven by its equities trading and investment banking businesses that offset weakness in bond trading.
Tuesday, October 16, 2018 7:03:51 AM
German premium car brand Audi, a division of Volkswagen, said it was fined 800 million euros on Tuesday for violations tied to six- and eight-cylinder diesel engines which did not conform to anti-pollution standards. As Sonia Legg reports, news of the fine followed comments from Volkswagen's CEO that German carmakers only have a 50 percent chance of surviving as leading players in the auto industry without transforming their businesses.
Tuesday, October 16, 2018 7:03:42 AM
China's factory-gate inflation cooled for a third straight month amid ebbing domestic demand, pointing to more pressure on the world's second biggest economy as it remains locked in an intensifying trade war with the US. As David Pollard reports, new data also shows Germany's economic outlook is being clouded by the dispute.
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