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    Wall St. eases on lower oil prices
    Posted on Tuesday January 16, 2018

    NEW YORK (Reuters) - Wall Street's major stock indexes pared gains in late afternoon trading on Tuesday as lower oil prices weighed on the energy sector.

    Citigroup reports $18 billion loss on one-time tax items
    Posted on Tuesday January 16, 2018

    (Reuters) - Citigroup Inc posted an $18-billion quarterly loss on Tuesday because of charges related to a new U.S. tax law, but its adjusted earnings beat Wall Street expectations and management signaled that the bank may soon lift financial performance targets.

    Health-conscious Nestle sells U.S. candy to Ferrero for $2.8 billion
    Posted on Tuesday January 16, 2018

    LONDON/MILAN (Reuters) - Swiss food group Nestle has agreed to sell its U.S. confectionery business to Italy's Ferrero for $2.8 billion, it said on Tuesday, marking CEO Mark Schneider's first big sale and a small step on its path towards healthier products.

    Exclusive: U.S. lawmakers urge AT&T to cut commercial ties with Huawei - sources
    Posted on Tuesday January 16, 2018

    WASHINGTON (Reuters) - U.S. lawmakers are urging AT&T Inc, the No. 2 wireless carrier, to cut commercial ties to Chinese phone maker Huawei Technologies Co Ltd and oppose plans by telecom operator China Mobile Ltd to enter the U.S. market because of national security concerns, two congressional aides said.

    Wells Fargo loses bid to end Philadelphia predatory lending lawsuit
    Posted on Tuesday January 16, 2018

    (Reuters) - A federal judge in Philadelphia on Tuesday rejected Wells Fargo & Co's bid to dismiss that city's lawsuit accusing the largest U.S. mortgage lender of predatory lending targeting black and Hispanic borrowers.

    German strikes spread to Daimler, union mulls escalation
    Posted on Tuesday January 16, 2018

    BERLIN/FRANKFURT (Reuters) - Tens of thousands of German industrial workers downed tools on Tuesday in support of trade union IG Metall's demands for a 6 percent pay rise and a right to the first new cut in weekly working hours since the 1980s.

    GM sees flat 2018 earnings, with pickups picking up in 2019
    Posted on Tuesday January 16, 2018

    DETROIT (Reuters) - General Motors Co shares rose on Tuesday after the company said 2018 earnings will be largely flat compared with 2017 and forecast higher profits in 2019 when its revamped line of high-margin pickup trucks hits the U.S. market.

    Maersk, IBM to launch blockchain-based platform for global trade
    Posted on Tuesday January 16, 2018

    COPENHAGEN (Reuters) - The world's largest container shipping firm A.P. Moller-Maersk is teaming up with IBM to create an industry-wide trading platform it says can speed up trade and save billions of dollars.

    GE renews break-up talk after $11 billion insurance, tax hit
    Posted on Tuesday January 16, 2018

    (Reuters) - General Electric Co again raised the prospect of breaking up the conglomerate on Tuesday as it announced more than $11 billion in charges from its long-term care insurance portfolio and new U.S. tax laws.

    Britain investigates Carillion directors after collapse
    Posted on Tuesday January 16, 2018

    LONDON/CAMBRIDGE, England (Reuters) - Britain ordered a fast-track inquiry into the role played by Carillion's directors in the failure of the construction and services group, as some of its thousands of small suppliers started to lay off workers on Tuesday.

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