Breaking Stock Market and Financial News

Trump defends tax plan as 'great Christmas gifts' to middle class

Top Reuters News - Sat, 12/16/2017 - 16:23
WASHINGTON (Reuters) - U.S. President Donald Trump on Saturday defended a Republican tax-cut plan against Democratic charges that it favors the rich, saying it will be "one of the great Christmas gifts" for the middle class with just days to go before Congress votes.

U.S. labor board adopts business-friendly 'micro union' test

Top Reuters News - Sat, 12/16/2017 - 15:20
(Reuters) - A U.S. labor agency on Friday made it tougher for workers to form so-called micro unions made up of small groups of a company's employees, reversing an Obama-era decision that had been sharply criticized by companies.

U.N. council mulls call for U.S. Jerusalem decision to be withdrawn

Top Reuters News - Sat, 12/16/2017 - 14:45
UNITED NATIONS (Reuters) - The United Nations Security Council is considering a draft resolution that would insist any decisions on the status of Jerusalem have no legal effect and must be rescinded after U.S. President Donald Trump recognized the city as Israel's capital.

Zuma calls for party unity as ANC meets to elect new leader

Top Reuters News - Sat, 12/16/2017 - 13:39
JOHANNESBURG (Reuters) - South Africa's Jacob Zuma gave his last speech as African National Congress head on Saturday, as the only party in power since the end of apartheid prepared to pick its next leader, and likely future president, in a vote that was too close to call.

Winds fuel California wildfire, state's third largest on record

Top Reuters News - Sat, 12/16/2017 - 12:00
LOS ANGELES (Reuters) - A raging California wildfire on Saturday became the state's third largest blaze on record, with more devastation possible from a resurgence of the harsh winds that have fueled the deadly fire since the beginning of the month.

Canadian police probe mysterious deaths of billionaire pharma couple

Top Reuters News - Sat, 12/16/2017 - 10:37
TORONTO (Reuters) - Canadian police are investigating the mysterious deaths of pharmaceuticals billionaire Barry Sherman, founder of Apotex Inc, and his wife Honey, whose bodies were found in their Toronto mansion on Friday.

California wildfire rages as third largest recorded in state

Top Reuters News - Sat, 12/16/2017 - 09:33
LOS ANGELES (Reuters) - A raging California wildfire on Saturday became the state's third largest blaze on record, with more devastation possible from a resurgence of the harsh winds that have fueled the deadly fire's growth.

Democrat Schumer vows to push for Senate vote on net neutrality: report

MarketWatch Market Pulse - Sat, 12/16/2017 - 08:40

Senate Minority Leader Chuck Schumer said Friday he would use the Congressional Review Act as a vehicle to force a Senate vote on the Federal Communications Commission's repeal this week of Obama-era rules on net neutrality, according to a Reuters report. Those rules barred internet service providers from discriminating against content, content providers or consumers, provided the content in question is legal. The commission voted 3-2, along party lines, on Thursday to repeal those rules. Commission Chairman Ajit Pai, who joined the commission during the Obama administration as a Republican member put forth by Sen. Mitch McConnell, reportedly said the rollback of the rules could benefit consumers as broadband providers such as AT&T and Comcast offer wider ranges of internet service options. Even if Schumer succeeds in getting senators on the record on net neutrality the move is not expected to have an impact on the rollback.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

California wildfire close to becoming third largest ever in state

Top Reuters News - Sat, 12/16/2017 - 06:11
LOS ANGELES (Reuters) - A California wildfire was close on Saturday to becoming the state's third largest blaze on record, with more devastation possible from a resurgence of the harsh winds that have fueled the deadly fire's growth.

Myanmar journalists' group to don black T-shirts over arrest of Reuters' reporters

Top Reuters News - Sat, 12/16/2017 - 05:48
YANGON (Reuters) - A group of Myanmar journalists said they would begin wearing black T-shirts on Saturday in protest at the detention of two Reuters reporters accused of violating the country's Official Secrets Act, as pressure builds on Myanmar to release the pair.

P&G appoints Peltz to board despite losing proxy battle

Top Reuters News - Sat, 12/16/2017 - 05:38
(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.

Peru's Congress prepares to oust President Kuczynski

Top Reuters News - Sat, 12/16/2017 - 04:20
LIMA (Reuters) - President Pedro Pablo Kuczynski's chances of surviving the political crisis gripping Peru faded on Friday after Congress passed a motion to start "presidential vacancy" procedures with enough votes to unseat him within a week.

Ramaphosa, Dlamini-Zuma in tight race to lead South Africa's ruling ANC

Top Reuters News - Sat, 12/16/2017 - 04:18
JOHANNESBURG (Reuters) - South Africa's ruling African National Congress (ANC) holds an election this weekend - seen as too close to call - to replace Jacob Zuma as party leader, with the winner also likely to become the next president.

Wounded North Korean defector transferred to South Korean military hospital

Top Reuters News - Sat, 12/16/2017 - 00:15
SEOUL (Reuters) - A North Korean soldier who suffered critical gunshot wounds during a defection dash across the border to South Korea has been transferred to a military hospital, a South Korean intelligence official said on Saturday.

Venezuela talks to resume in January after government, opposition fail to reach deal

Top Reuters News - Fri, 12/15/2017 - 22:06
CARACAS (Reuters) - Venezuela's government and opposition leaders will hold a new round of talks in January after failing on Friday to reach an agreement to ease a deep political and economic crisis in the troubled OPEC country.

Final Republican tax bill slashes U.S. corporate rate, voting next week

Top Reuters News - Fri, 12/15/2017 - 19:37
WASHINGTON (Reuters) - Congressional Republicans on Friday unveiled the final version of their dramatic U.S. tax overhaul - debt-financed cuts for businesses, the wealthy and some middle-class Americans - and picked up crucial support from two wavering senators ahead of planned votes by lawmakers early next week.

Myanmar faces mounting calls for release of Reuters journalists

Top Reuters News - Fri, 12/15/2017 - 19:09
UNITED NATIONS/YANGON (Reuters) - U.S. Secretary of State Rex Tillerson said on Friday that the United States was demanding "the immediate release" of two Reuters reporters arrested in Myanmar "or information as to the circumstances around their disappearance."

Leading U.S. antitrust senator urges hearing on Disney, Fox deal

Top Reuters News - Fri, 12/15/2017 - 17:45
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.

Procter & Gamble confirms Nelson Peltz will get a board seat

MarketWatch Market Pulse - Fri, 12/15/2017 - 17:40

Procter & Gamble Co. shares ticked higher in the extended session Friday after the consumer goods company certified that activist investor Nelson Peltz secured a seat on its board. P&G shares rose 0.8% to $92.58 after hours. In a statement, P&G said "results between Ernesto Zedillo and Nelson Peltz were extremely close, with Mr. Peltz receiving almost 50% of shares voted." The company continued: "Because the election results were so close, and because a large number of shareholders voted for Nelson Peltz to be a Director, the Board has engaged in numerous discussions with Mr. Peltz regarding a Board seat." P&G said it will work with Peltz, who will join the board on March 1, as it does not agree with such strategies as "taking on excessive leverage, or substantially reducing R&D spending, or advocating for a break-up of the Company, or moving the Company out of Cincinnati." Last month, Peltz won an elected board seat, which the company considered to be a preliminary result.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

U.S. lawmaker probed on sex reports, second congressman denies charges

Top Reuters News - Fri, 12/15/2017 - 16:54
WASHINGTON (Reuters) - The U.S. House of Representatives Ethics Committee said on Friday it had begun an investigation into public reports that Democrat Ruben Kihuen engaged in sexual harassment, and a second lawmaker denied a former aide's allegations of sexual misconduct.

Pages