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PPG to make case for Akzo acquisition to Dutch government officials

AMSTERDAM (Reuters) – The chief executive of U.S. paint maker PPG meets Dutch government officials on Friday to make the case for its proposed 22.7 billion euro ($24.5 billion) takeover of Dutch peer AkzoNobel .

Credit Suisse CEO pockets $12 million despite back-to-back losses

ZURICH (Reuters) – Credit Suisse Chief Executive Tidjane Thiam’s pay for his first full year in the job swelled to 11.9 million Swiss francs ($12 million), while bonuses rose 6 percent despite back-to-back annual losses at Switzerland’s second-biggest bank.

How a border tax could divide Boeing and its suppliers

SEATTLE (Reuters) – A U.S. tax overhaul proposed by Republican leaders in Congress would deepen divisions between big manufacturers like Boeing Co and the thousands of smaller companies that supply them, according to suppliers and tax and trade experts.

German environmental lobby sues motor authority over VW scandal

HAMBURG/BERLIN (Reuters) – German environmental group Deutsche Umwelthilfe (DUH) has filed a suit against German motor authority KBA, accusing it of failing to act robustly enough over Volkswagen’s diesel emissions scandal.

Healthcare vote delay worries stocks, dollar

LONDON (Reuters) – All eyes in global financial markets were fixed on stuttering Republican efforts to pass a replacement for Obamacare on Friday, with failure likely to undermine faith in Donald Trump’s promise to deliver a “phenomenal” U.S. tax reform.

All drill, no frack: U.S. shale leaves thousands of wells unfinished

NEW YORK (Reuters) – U.S. shale producers are drilling at the highest rate in 18 months but have left a record number of wells unfinished in the largest oilfield in the country – a sign that output may not rise as swiftly as drilling activity would indicate.

Oil edges up as Saudis cut supplies to U.S., but global glut remains

SINGAPORE (Reuters) – Oil prices edged up on Friday, supported by a fall in Saudi exports to the United States, but overall markets remained under pressure on the back of a world market awash with fuel.

Samsung Elec rejects calls for holding company structure, for now

SEOUL (Reuters) – Samsung Electronics Co Ltd on Friday said it will not adopt a holding company structure for now, rejecting demands from U.S. activist hedge fund Elliott Management and putting off a long-anticipated restructuring.

YouTube’s bid to grab TV dollars imperiled by advertiser revolt

(Reuters) – The decision by a handful of high-profile consumer brands to pull advertising from Google’s YouTube over offensive content could threaten the site’s long-term strategy of stealing ad dollars from television, analysts and ad industry professionals said Thursday.

Twitter explores subscription-based option for first time

SAN FRANCISCO (Reuters) – Twitter Inc is considering whether to build a premium version of its popular Tweetdeck interface aimed at professionals, the company said on Thursday, raising the possibility that it could collect subscription fees from some users for the first time. wins $1.5 billion tax dispute over IRS

(Reuters) – Inc on Thursday won a more than $1.5 billion tax dispute with the Internal Revenue Service over transactions involving a Luxembourg unit more than a decade ago.

Saudi in ‘serious discussions’ with NYSE for Aramco IPO listing: foreign minister

WASHINGTON (Reuters) – Saudi Arabia is having “serious discussions” with the New York Stock Exchange about having the NYSE as one of the exchanges for state oil giant Saudi Aramco’s IPO, the Saudi foreign minister told Fox News on Thursday.

SEC charges two Israeli residents with Mobileye insider trading

NEW YORK (Reuters) – Two Israeli residents have been charged by the U.S. Securities and Exchange Commission with insider trading in Mobileye NV before the maker of sensors and cameras for driverless vehicles agreed to be acquired by Intel Corp for $15.3 billion.

State Department to approve Keystone pipeline permit on Friday: sources

WASHINGTON (Reuters) – The U.S. State Department plans to approve on Friday the permit needed to proceed with construction of the Canada-to-United States Keystone XL oil pipeline, a project blocked by former President Barack Obama, according to two government sources familiar with the process.

Wall Street down; lawmakers delay vote on Trump healthcare bill

(Reuters) – Wall Street declined on Thursday after lawmakers delayed a vote on a healthcare bill seen as President Donald Trump’s first policy test.

New home sales hit seven-month high; jobless claims rise

WASHINGTON (Reuters) – New U.S. single-family home sales jumped to a seven-month high in February, suggesting the housing market recovery was gaining momentum despite higher prices and rising mortgage rates.

Disney board extends CEO Iger’s contract by one year

LOS ANGELES (Reuters) – Walt Disney Co’s board extended the term of Chairman and Chief Executive Officer Bob Iger by one year as it continues searching for a successor to a long-serving leader who is popular on Wall Street, the company said on Thursday.

For Goldman Sachs, a rare pass from shareholder resolutions

NEW YORK/BOSTON (Reuters) – For the first time in more than a decade, Goldman Sachs Group Inc has managed to avoid any proxy battles with activist shareholders by convincing investors and securities regulators that voting on several proposed corporate policy changes were unnecessary.

J&J, JPMorgan suspend YouTube ads over offensive videos

(Reuters) – U.S. healthcare conglomerate Johnson & Johnson and JPMorgan Chase & Co became the latest big U.S. companies to suspend all digital advertising on Google’s YouTube, over concerns that its ads may have appeared on channels that broadcast offensive videos.

Sears’ plan to sell brands no salve for financial woes

(Reuters) – Sears’ plan to avoid bankruptcy in part by selling off or licensing brands including Kenmore and DieHard may prove difficult because of changing consumer tastes and possible legal roadblocks.

As Trump targets energy rules, oil companies downplay their impact

BOSTON (Reuters) – President Donald Trump’s White House has said his plans to slash environmental regulations will trigger a new energy boom and help the United States drill its way to independence from foreign oil.

U.S. Senate votes to overturn Obama broadband privacy rules

WASHINGTON (Reuters) – The U.S. Senate on Thursday voted narrowly to repeal regulations requiring internet service providers to do more to protect customers’ privacy than websites like Alphabet Inc’s Google or Facebook Inc .

Credit Suisse considers stock sale over Swiss IPO: sources

FRANKFURT/LONDON/ZURICH (Reuters) – Credit Suisse is considering a quickfire share sale rather than pursuing a separate listing for its Swiss banking division, two sources close to the matter told Reuters, in a move that could raise 3 billion Swiss francs ($3.03 billion).

Higher investments, sales drop to weigh on Ford first-quarter earnings

DETROIT (Reuters) – Ford Motor Co said on Thursday it expects lower earnings per share in the first quarter and lower pretax profit in 2017 due to higher spending on commodities, warranties and investments and a drop in sales volumes especially fleet sales.

Fed’s Yellen does not comment on monetary policy

WASHINGTON (Reuters) – Federal Reserve Chair Janet Yellen did not address monetary policy or the economic outlook in prepared remarks for a childhood education conference in Washington on Thursday.

Teva Pharm says media reports of up to 6,000 layoffs incorrect

JERUSALEM (Reuters) – Teva Pharmaceutical Industries’ plans to end unprofitable activities and freeze recruitment, but said Israeli media reports of up to 6,000 layoffs were incorrect.

PPG’s McGarry in Amsterdam to promote ‘compelling’ Akzo offer

AMSTERDAM (Reuters) – Paint maker PPG has made a “very compelling” offer for Akzo Nobel and was shocked when its Dutch rival turned it down, PPG’s chief executive Michael McGarry said on Thursday on a visit to Amsterdam to drum up support for a proposed tie-up.

Global stocks, sterling hold steady after London attack

LONDON (Reuters) – Stocks and sterling held their ground on Thursday as markets took the latest European terror attack, this time in London, one of the world’s financial capitals, largely in their stride.

Diamond group De Beers buys out retail partner LVMH

PARIS (Reuters) – Anglo American’s diamond specialist De Beers has bought the 50 percent stake held by French luxury goods group LVMH in De Beers Diamond Jewellers for an undisclosed amount, taking full ownership of the retail operation.

China’s ZTE posts fourth-quarter net loss after U.S. sanction case fine

HONG KONG (Reuters) – Chinese telecommunications equipment maker ZTE Corp on Thursday reported a net loss of 5.22 billion yuan ($760 million) in fourth-quarter profit, as it booked a $892 million charge to settle a U.S. sanctions case.

Trump Tantrum looms on Wall Street if healthcare effort stalls

NEW YORK (Reuters) – The Trump Trade could start looking more like a Trump Tantrum if the new U.S. administration’s healthcare bill stalls in Congress, prompting worries on Wall Street about tax cuts and other measures aimed at promoting economic growth.

Oil bounces off November lows, but bloated US stockpiles pressure market

SINGAPORE (Reuters) – Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC-led efforts to curb global production.

Verizon, AT&T suspend ads from Google over offensive videos

(Reuters) – U.S. wireless carriers Verizon Communications Inc and AT&T Inc said on Wednesday they have suspended digital advertising on Google’s YouTube and other advertising platforms not related to search over concerns that their ads may have run next to extremist videos.

Exclusive: Westinghouse’s clients gear up for bankruptcy fight – sources

(Reuters) – The U.S. utilities that are clients of Toshiba Corp’s nuclear power plant construction subsidiary, Westinghouse Electric Co LLC, have hired advisers to prepare for its potential bankruptcy, according to people familiar with the matter.

China’s Chery files trademark complaint against Mercedes over green car brand

BEIJING (Reuters) – Chinese automaker Chery Automobile Co Ltd [CHERY.UL] has filed a complaint with the country’s trademark regulator over Mercedes-Benz’s use of the “EQ” name for a line of green-energy vehicles, throwing up a potential road block for the Daimler AG unit in the world’s largest electric car market.

With Sears’ future in doubt, vendors begin pulling back

(Reuters) – Suppliers to Sears Holdings Corp told Reuters they are doubling down on defensive measures, such as reducing shipments and asking for better payment terms, to protect against the risk of nonpayment as the company warned about its finances.

Canada unveils wait-and-see budget amid U.S. policy uncertainty

OTTAWA (Reuters) – Canada’s Liberal government unveiled a stay-the-course budget on Wednesday that targeted export growth and some measure of tax reform but did little to whittle away at deficits even as it backed off from an explicit pledge to improve the debt outlook.

Choppy day on Wall Street; all eyes on Trump and healthcare

(Reuters) – Wall Street ended mixed after a choppy session on Wednesday as investors focused on President Donald Trump’s struggle to push through a healthcare bill and snapped up stocks after a steep drop the day before.

Wells Fargo introduces cardless ATMs across U.S. in digital push

NEW YORK (Reuters) – Starting on Monday, Wells Fargo & Co depositors can withdraw money using a smartphone at any branded ATM, the latest sign of U.S. lenders moving away from traditional brick-and-mortar banking.

Slide in U.S. infrastructure stocks sign of ‘Trump trade’ weakness

NEW YORK (Reuters) – If the swoon this week in financials was one sign of the Trump trade running out of fuel, recent weakness in transportation and infrastructure shares is another.

China’s ZTE Corp pleads guilty in U.S. court in sanctions case

NEW YORK (Reuters) – Chinese telecom equipment maker ZTE Corp on Wednesday pleaded guilty in U.S. federal court in Texas for conspiring to violate U.S. sanctions by illegally shipping U.S. goods and technology to Iran.

Healthcare bill woes could cause stocks correction: Blackstone’s Wien

NEW YORK (Reuters) – Hurdles to getting a key U.S. healthcare bill approved could precipitate a correction for stocks, said Byron Wien, veteran investor and vice chairman of Blackstone Advisory Partners.

Tight supply, higher prices weigh on U.S. home sales

WASHINGTON (Reuters) – U.S. home resales fell more than expected in February amid a persistent shortage of houses on the market that is pushing up prices and sidelining prospective buyers.

Hospital, Medicaid insurer shares set for volatility as health vote nears

NEW YORK (Reuters) – The slumping U.S. healthcare stocks at the center of efforts to dismantle the Affordable Care Act are expected to stay volatile as Republican legislation heads into a vote on Thursday that could signal how protracted their battle to repeal the law will be.

If healthcare vote fails, would jeopardize ‘Trump trades’: Gundlach

NEW YORK (Reuters) – If the U.S. healthcare legislation overhaul is not passed, or is postponed, it will put “a lot of doubt” on the “Trump trades,” which include higher U.S. equities and bond yields, DoubleLine Capital Chief Executive Jeffrey Gundlach said on Wednesday.