Futures rise as tax overhaul bill nears passage
(Reuters) – U.S. stock futures pointed to strong gains for Wall Street on Wednesday after the Senate approved a sweeping $1.5-trillion tax bill, taking President Donald Trump closer to his first legislative victory.
Streaming music market picks up tempo ahead of Spotify IPO
LONDON (Reuters) – Subscription music leader Spotify is set to capitalize next year on the rude health of the industry with a stock market flotation, even as competitors race to find fresh ways to outflank it by catering to often fickle consumer tastes…
Hedge fund Knight Vinke lifts stake in M&A target Uniper
FRANKFURT (Reuters) – Hedge Fund firm Knight Vinke has increased its holding in Germany’s Uniper to 5.02 percent, adding it would not tender that stake to Finland’s Fortum as part of a 8.05 billion euro ($9.5 billion) takeover offer.
Amazon’s allure may be tough to top this holiday: poll
CHICAGO/NEW YORK (Reuters) – More U.S. online shoppers plan to give Amazon.com Inc the bulk of their holiday business this year than in previous years, according to a Reuters/Ipsos opinion poll, despite costly efforts by traditional retailers to attra…
Uber dealt blow after EU court classifies it as transport service
LUXEMBOURG (Reuters) – Uber Technologies Inc [UBER.UL] should be classified as a transport service and regulated like other taxi operators, the European Union’s top court said in a landmark ruling on Wednesday that could impact other online businesses …
Wells Fargo wants to finance metal trade in test of new rule
WASHINGTON (Reuters) – Wells Fargo & Co has asked its main regulator if it may buy platinum and lease it to a client in a test of a new rule meant to limit banks’ exposure to volatile commodity markets, people familiar with the matter told Reuters.
France fines J&J 25 million euros over painkiller patch
PARIS (Reuters) – France’s competition authority fined U.S. healthcare group Johnson & Johnson 25 million euros ($29.6 million) on Wednesday after it ruled the company had deliberately slowed market access to generic copies of its painkiller Durogesic.
Hedge fund Knight Vinke takes stake in M&A target Uniper
FRANKFURT (Reuters) – Hedge Fund Knight Vinke has taken a 5.02 percent stake in Uniper , adding it would not tender that stake to Finland’s Fortum as part of its 8.05 billion euro ($9.54 billion) takeover offer that runs until Jan. 16, 2018.
World shares off record highs as U.S. tax bill passes Senate
LONDON (Reuters) – World stock markets wavered just below recent record highs while U.S. Treasury yields held near multi-month peaks on Wednesday as the final procedural throes of long-awaited U.S. tax reform played out in Washington.
Johnson & Johnson fined 25 million euros by French competition watchdog
PARIS (Reuters) – France’s competition authority said on Wednesday it had fined U.S. healthcare group Johnson & Johnson 25 million euros ($29.62 million) relating to a case involving the pain killer product durogesic.
