NEW YORK (Reuters) – The first global increase in corporate spending since 2012 will likely boost the earnings of technology companies outside of the so-called FAANG group of Facebook Inc (FB.O), Amazon.com Inc (AMZN.O), Apple Inc (AAPL.O), Netflix Inc (NFLX.O) and Google (GOOGL.O), adding momentum to a 25 percent rally in the sector for the
(Reuters) – Goldman Sachs Group Inc said on Friday it was exploring options for the stake it holds in the Weinstein Co following allegations of sexual harassment against co-Chairman Harvey Weinstein. “There is no place for the inexcusable behavior that had been reported, and we strongly condemn it,” Andrew Williams, a spokesman for Goldman, said
BRUSSELS (Reuters) – The European Union’s new summit venue will re-open on Monday after noxious fumes put kitchen staff in hospital and forced the evacuation of the whole building on Friday. The incident occurred at the Europa Building, which opened in January amid some controversy over its cost, just across from the European Commission headquarters.
WASHINGTON (Reuters) – U.S. President Donald Trump on Friday pledged to dismantle Obamacare “step by step” after he scrapped subsidies to health insurers that help low-income Americans pay out-of-pocket medical expenses, a move that raised concerns about chaos in insurance markets and could face legal challenges. Trump’s action, announced late on Thursday, took aim at
MOSCOW (Reuters) – Russia’s largest cinema chain said on Friday it had changed its mind and would now run the film “Matilda” despite threats from religious conservatives slamming the film as blasphemous. It said it now believed cinema-goers would be safe after statements by law enforcement officials. “Matilda”, to be released in late October, tells
FRANKFURT (Reuters) – BASF (BASFn.DE) has agreed to buy seed and herbicide businesses from Bayer (BAYGn.DE) for 5.9 billion euros ($7 billion) in cash, as Bayer tries to convince competition authorities to approve its planned acquisition of Monsanto (MON.N). BASF, the world’s third-largest maker of crop chemicals, has so far avoided seed assets and instead
ROME (Reuters) – Italy’s Cabinet is likely to discuss on Monday the use of its so-called “golden power” that allows it to intervene to protect strategic companies, a government source said on Friday, amid concern over ownership of Telecom Italia. The discussion is likely to center on Telecom’s Sparkle unit that controls its submarine cable
WASHINGTON (Reuters) – U.S. President Donald Trump on Friday urged Democrats to make a healthcare deal after cutting off Obamacare subsidies to health insurance companies for low-income patients in a forceful move that sparked threats of legal action and concern of chaos in insurance markets. “ObamaCare is a broken mess,” Trump tweeted early on Friday.
BRUSSELS (Reuters) – Talks between negotiators for the EU nations and the European Parliament over reforms to the EU Emissions Trading System (ETS) after 2020 ended without an agreement early on Friday, EU presidency Estonia said. The EU is aiming to reach a deal over carbon market reforms ahead of United Nations climate talks in
(Reuters) – World number one Rafa Nadal battled past Bulgarian Grigor Dimitrov 6-4 7-6(4) 6-3 and into the semi-finals of the Shanghai Masters on Friday. The 16-times grand slam winner, who beat Dimitrov in three sets in the China Open semi-finals last week, fired 32 winners and won two crucial breaks to prevail in two
LAS VEGAS (Reuters) – When the sniper’s bullet shattered Paola Bautista’s arm, her sister and a stranger in the crowd at the Route 91 Harvest Festival got her to cover. Then they focused on the bleeding. Daisy Bautista stuffed a sock into the hole in her sister’s arm, and the man who was helping them
SAN FRANCISCO (Reuters) – Amazon Studios chief Roy Price was put on an immediate leave of absence Thursday, the company said, following allegations that he harassed a producer and ignored an actress’s claim of a sexual assault by producer Harvey Weinstein. The Hollywood Reporter on Thursday reported an allegation by Isa Hackett, a producer on
BEIJING (Reuters) – China’s top banking regulator Guo Shuqing and veteran banker Jiang Chaoliang are front runners to succeed Zhou Xiaochuan, the country’s longest-serving central bank head who is likely to step down next year, according to multiple sources familiar with the matter. The leadership reshuffle at the People’s Bank of China (PBOC) is closely
SONOMA, Calif. (Reuters) – Firefighters face another round of dry, windy conditions on Friday as they battle wildfires that have killed at least 31 people in Northern California and left hundreds missing in the heart of wine country. The most lethal wildfire event in California’s history has killed people while they sleep in their beds
MANILA (Reuters) – U.S. actor Steven Seagal, famous for playing action roles like a vice squad detective in “Above the Law”, met Philippine President Rodrigo Duterte while on a location scouting trip in Manila. Video footage released by government channel RTVM showed Seagal animatedly talking to Duterte. Seagal, 65, was in the Philippines to look