U.S. renewable fuel industry relieved as Republicans keep tax credits
WASHINGTON (Reuters) – The U.S. renewable energy industry expressed relief after a compromise Republican tax bill released late on Friday preserved key tax credits that had been at risk of being removed, but it raised concerns about a provision that ma…
Brazilian prosecutors ask state bank Caixa to remove vice presidents
BRASILIA (Reuters) – Brazilian prosecutors have asked that all the vice presidents of Caixa Economica Federal be replaced for what officials suspect are “irregularities” at the state bank, according to a document made public late on Friday.
Metlife says it failed to pay some pensions, flags hit to reserves
NEW YORK (Reuters) – Metlife Inc failed to pay pensions to potentially tens of thousands of people and will have to strengthen its reserves because of the costs of finding and repaying them, the New York insurer said. Metlife said in a filing on Fr…
Uber should have given court an ex-employee’s letter about ‘fraud and theft’ in Waymo case
SAN FRANCISCO (Reuters) – Ride hailing company Uber was obligated to turn over to a U.S. federal judge a letter from a former employee that told of the company’s “fraud and theft” and mentioned evidence of stolen trade secrets nailed “like a scalp” to …
Healthcare draws election-year worry, but 2016 repeat not seen
NEW YORK (Reuters) – With another election year looming, investors in the healthcare sector are wary the coming months could reopen wounds suffered during the 2016 U.S. presidential race.
Hamburger chain Wendy’s to reduce antibiotic use in beef supply
CHICAGO (Reuters) – Hamburger chain Wendy’s Co laid out plans on Friday to trim the use of antibiotics that are important to human medicine from its beef supply, the latest step by a food company to fight concerns about resistance to the drugs in peop…
P&G appoints Peltz to board despite losing proxy battle
(Reuters) – Procter & Gamble Co said it appointed Nelson Peltz to its board despite the activist investor narrowly losing a months-long proxy fight, the biggest ever involving a U.S. company.
Leading U.S. antitrust senator urges hearing on Disney, Fox deal
WASHINGTON (Reuters) – Senator Amy Klobuchar, the top Democrat on the Senate antitrust panel, urged the subcommittee on Friday to hold a hearing on Walt Disney Co’s plan to buy a number of Twenty-First Century Fox Inc businesses.
Wall Street closes at records with tax overhaul in sight
NEW YORK (Reuters) – Wall Street’s three major indexes climbed to record closing highs on Friday with broad-based gains as a long-awaited bill to cut corporate tax rates looked like it would win enough support from lawmakers to pass.
Bitcoin hits new record high as warnings grow louder
LONDON (Reuters) – Bitcoin blasted to another all-time high of almost $18,000 on the Bitstamp exchange on Friday, up 9 percent on the day, as warnings grew over the risks of investing in the highly volatile and speculative instrument.
