Stocks and dollar fall; sterling reels from Brexit pain
LONDON (Reuters) – Risky assets hit the skids on Tuesday, with stocks and sterling tumbling over political uncertainty over Britain’s future ties with the European Union and the policies of the incoming U.S. president, Donald Trump.
Yahoo to be named Altaba, Mayer to leave board after Verizon deal
(Reuters) – Yahoo Inc said Monday that it would rename itself Altaba Inc and Chief Executive Officer Marissa Mayer would step down from the board after the closing of its deal with Verizon Communications Inc.
Tesco emerges as Christmas winner as UK grocery inflation returns – Kantar
LONDON (Reuters) – Britain’s biggest supermarket chain Tesco recorded the fastest growing sales of the country’s four largest players in the Christmas quarter, as inflation returned to the grocery market after more than two years of falling prices.
Alibaba’s Ma meets Trump, promises to bring one million jobs to U.S.
NEW YORK/BEIJING (Reuters) – Alibaba Executive Chairman Jack Ma met U.S. President-elect Donald Trump on Monday and laid out the Chinese e-commerce giant’s new plan to bring one million small U.S. businesses onto its platform to sell to Chinese consume…
Britain in ‘front seat’ for U.S. trade deal, top Republican says
LONDON (Reuters) – Britain will be in the “front seat” to negotiate a new trade deal with the incoming administration of Donald Trump, a top Republican in the United States Senate said, the BBC reported.
Japan’s Takeda ready for fresh acquisitions after $5.2 billion Ariad deal
TOKYO (Reuters) – Japan’s Takeda Pharmaceutical Co flagged its appetite for fresh acquisitions to bolster its drug portfolio after agreeing on Monday to acquire cancer drug maker Ariad Pharmaceuticals in a $5.20 billion deal.
Exclusive: Gildan wins American Apparel auction with $88 million bid – source
NEW YORK (Reuters) – Canadian apparel maker Gildan Activewear Inc has won a bankruptcy auction for U.S. fashion retailer American Apparel LLC after raising its offer to around $88 million, a person familiar with the matter said Monday.
South Korea prosecutor says undecided on whether to seek arrests of Samsung executives
SEOUL (Reuters) – South Korea’s special prosecution office said on Tuesday it had not yet decided whether to seek arrest warrants for two Samsung Group [SAGR.UL] executives as part of a widening investigation into the political scandal threatening Pres…
St. Jude releases cyber updates for heart devices after U.S. probe
(Reuters) – Abbott Laboratories moved to protect patients with its St. Jude heart implants against possible cyber attacks, releasing a software patch on Monday that the firm said will reduce the “extremely low” chance of them being hacked.
Oil drop stymies Dow’s march to 20,000; health stocks boost Nasdaq
(Reuters) – Declines in energy and financial stocks weighed on the S&P 500 on Monday and helped stall the Dow’s pursuit of the 20,000 milestone ahead of earnings season and expected U.S. policy changes under the Donald Trump presidency.
