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Business News

Wall Street ends higher despite government shutdown threat

NEW YORK (Reuters) - Wall Street rose on Friday, led by gains in consumer stocks, even as a possible government shutdown loomed. ...

ADM pursues big ag merger with grain trader Bunge: source

CHICAGO/CALGARY, Alberta (Reuters) - Top U.S. grain merchant Archer Daniels Midland Co has proposed a takeover of Bunge Ltd , according to a person familiar with the approach, which could set up a...

Possible Buffett heir Abel has small Berkshire stake, likely to grow

(Reuters) - Greg Abel, considered by many investors the top contender to succeed Warren Buffett as Berkshire Hathaway Inc's chief executive officer, on Friday reported owning about $2.1 million of...

SoFi in talks with top Twitter exec about CEO position: WSJ

(Reuters) - Social Finance Inc (SoFi) is in discussions with Anthony Noto, a top Twitter Inc executive, to become the online lender's chief executive, the Wall Street Journal reported on Saturday,...

FTC makes second request on Broadcom's bid for Qualcomm

(Reuters) - The U.S. Federal Trade Commission has made a second request for information on chipmaker Broadcom Ltd's $103 billion hostile bid for Qualcomm Inc, Broadcom said in a statement on Friday...

Twitter to notify users exposed to Russian propaganda during U.S. elections

(Reuters) - Twitter Inc , which is reviewing Russian interference during the 2016 U.S. elections, said on Friday it would notify some of its users whether they were exposed to content generated by ...

Judge overseeing AT&T, Time Warner merger trial hears document dispute

WASHINGTON (Reuters) - AT&T, owner of DirecTV, is asking for documents from a long list of companies as part of preparation for a trial to determine if they will be allowed to buy movie and TV ...

Venezuela's woes poised to hit U.S. oilfield service firms' earnings

HOUSTON (Reuters) - U.S. oilfield service companies exposed to Venezuela face new hits to earnings from the South American nation's ongoing economic turmoil and U.S. sanctions on the country and st...

Parent company of 7-Eleven agrees to divest some U.S. stores in Sunoco deal

WASHINGTON (Reuters) - Seven & i Holdings Co Ltd , the Tokyo-based parent company of the 7-Eleven network of stores, agreed to sell and divest some of its stores in its proposed $3.3 billion ac...

Deutsche Telekom expects steady dividend hikes: paper

FRANKFURT (Reuters) - Deutsche Telekom will keep to its promise of hiking dividends in 2018 and the years thereafter, its Chief Financial Officer Thomas Dannenfeldt told German daily Boersen-Zeitu...

Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

CNN Money

What happens at Davos?

Fri, Jan 19, 2018

Thousands of the world's richest and most powerful people are preparing for a pilgrimage to Davos. Why are they going?...

Tide Pods: P&G's big innovation gone wrong

Fri, Jan 19, 2018

Tide Pods upended the laundry business, but now they're drawing attention for an unexpected purpose: People are eating them....

This was GE's worst week since the Great Recession

Fri, Jan 19, 2018

A deepening cash crisis caused GE's stock to dive 13% this week....

The stock market is on fire. What could possibly go wrong?

Fri, Jan 19, 2018

Read full story for latest details....

Forget bitcoin. Here come the blockchain ETFs.

Fri, Jan 19, 2018

Two new funds invest in companies that use blockchain technology -- even as the SEC cracks down on bitcoin. These funds are betting on bigger, more stable companies, like IBM and Intel....

U.S. could soon be No. 1 in oil

Fri, Jan 19, 2018

The IEA says that "explosive" increases in U.S. oil output would push the country ahead of Saudi Arabia and put it in direct competition with top producer Russia....

$6 million in chips stolen in Wynn casino heist

Fri, Jan 19, 2018

Read full story for latest details....

HSBC to pay over $100 million for cheating clients

Fri, Jan 19, 2018

Europe's biggest bank is coughing up cash yet again over its past misdeeds....

American Express posted a net loss for the first time in 25 years

Thu, Jan 18, 2018

American Express posted its first net loss since 1992 because of the new tax code. But the company still sung the new law's praises....

Quest: A fractured world at Davos; Apple's big check; China trade

Fri, Jan 19, 2018

Read full story for latest details....