Replacement Samsung Note 7 phone emits smoke on U.S. plane: family
LOUISVILLE, Ky. (Reuters) – A replacement model of the fire-prone Samsung Note 7 smartphone began smoking inside a U.S. plane on Wednesday, the family that owns it said, prompting fresh investigations by the Consumer Product Safety Commission and the F…
China eyes progress at APEC for China-backed free trade area
BEIJING (Reuters) – China hopes to see progress at next month’s summit in Peru of the Asia Pacific Economic Cooperation (APEC) bloc in pushing ahead with a Chinese-backed trade liberalization framework, China’s foreign minister said while on a trip to …
Bank Hapoalim warns on profits due to U.S. tax probe
TEL AVIV (Reuters) – Bank Hapoalim , Israel’s largest bank, said on Thursday it would make a further provision estimated at $70 million for settling a U.S. tax evasion investigation which could have “a significant impact” on its third-quarter results.
Twitter drops 9 percent after report that Google won’t bid
SAN FRANCISCO (Reuters) – Shares of Twitter slumped 9 percent late on Wednesday after Recode reported that Google, owned by Alphabet , would not move forward with a bid to acquire the social network.
Exclusive: Twitter to conclude sale deliberations this month – sources
(Reuters) – Twitter Inc has told potential acquirers it is seeking to conclude negotiations about selling itself by the time it reports third-quarter earnings on Oct. 27, according to people familiar with the matter.
U.S. government health plans spent over $1 billion on EpiPens over five years
(Reuters) – U.S. government health plans spent more than $1 billion on Mylan NV’s EpiPen emergency allergic reaction treatment between 2011 and 2015, according to figures released by the Centers for Medicare and Medicaid Services on Wednesday.
Twitter to conclude sale deliberations this month: sources
(Reuters) – Twitter Inc has told potential acquirers it is seeking to conclude negotiations about selling itself by the time it reports third-quarter earnings on Oct. 27, according to people familiar with the matter.
Fed’s Fischer says low neutral rate a sign of potential economic trouble
WASHINGTON (Reuters) – Evidence that the so-called natural rate of interest has fallen to low levels could mean the economy is stuck in a low-growth rut that could prove hard to escape, Federal Reserve Vice Chair Stanley Fischer said on Wednesday.
UK’s Hammond to tell Wall Street that London still top finance hub despite Brexit
LONDON (Reuters) – UK finance minister Philip Hammond, on his first trip to Wall Street since being appointed in July, plans to assure some of the top U.S. top banks on Thursday that Britain is still the world’s leading global finance hub despite its B…
Fed’s Lacker says Fed governors have grown more exposed to politics
HUNTINGTON, W.Va. (Reuters) – The Federal Reserve’s governors are less insulated from politics than in the past but recent policy decisions have surely not taken into account any political considerations, Richmond Fed President Jeffrey Lacker said on W…
