PayPal to buy rewards platform Honey Science for $4 billion
Yesterday, 23:09
(Reuters) - Payment processor PayPal Holdings Inc (O:PYPL) said on Wednesday it would buy privately held shopping and rewards platform Honey Science Corp for about $4 billion. The deal for the seven-year-old platform that finds and applies coupon codes on popular sites and helps consumers save money will add to PayPal's ability to help merchants deliver offers, PayPal said. PayPal and its mobile payment service Venmo have more than 275 ..
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Charity to pay $4 million to resolve U.S. pharma kickback probe
Yesterday, 23:06
By Nate Raymond BOSTON (Reuters) - A Florida-based charity will pay $4 million to resolve claims that it acted as a conduit for companies including Biogen Inc (O:BIIB) and Novartis AG (S:NOVN) to pay kickbacks to Medicare patients using their high-priced multiple sclerosis drugs, the U.S. Justice Department said on Wednesday. The settlement with the patient assistance charity The Assistance Fund marked the third so far with a foundation linked ..
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Fed Throws the Kitchen Sink at Short Rates and Still Struggles
Yesterday, 23:03
(Bloomberg Opinion) -- “I think we have it under control.” That’s what Federal Reserve Chair Jerome Powell said when lawmakers in Washington asked him last week about the mid-September turmoil in short-term funding markets. New York Fed President John Williams (NYSE:WMB) said something similar on Tuesday.  If Powell didn’t sound entirely sure, it’s for good reason — the Federal Open Market Committee apparently isn’t, either. Minutes of the ..
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Stocks: Fear of Stalled China Trade Deal Slams Stocks
Yesterday, 22:24 – Stocks fell back on Wednesday as multiple news reports suggested a U.S.-China trade deal won't get signed this year. Reports that the talks were struggling or stalled altogether have been coming for the last few days and a Wall Street Journal report on the subject late Tuesday finally caused investors and computerized trading programs to react. At the worst of the selling, the Dow Jones Industrial Average was down ..
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Halkbank seeks to challenge U.S. jurisdiction before entering plea to charges
Yesterday, 22:21
By Brendan Pierson NEW YORK (Reuters) - Turkey's state-owned Halkbank (IS:HALKB), which U.S. prosecutors have criminally charged with helping Iran evade sanctions, said it should be able to challenge whether U.S. courts can hear the case at all before it entered a formal plea, according to a court filing made public on Wednesday. The bank also rejected prosecutors' claim that it was a "fugitive" for refusing to appear in federal court ..
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Exclusive: LVMH gets access to Tiffany's books after it raises offer - sources
Yesterday, 22:18
NEW YORK (Reuters) - French luxury group LVMH (PA:LVMH) has persuaded U.S. jewelry chain Tiffany & Co (N:TIF) to provide it with confidential due diligence after it raised its bid from $120 per share to close to $130 per share, people familiar with the matter said on Wednesday. Negotiations between the two companies are continuing and there is no certainty a deal will be reached, the sources said. LVMH and Tiffany did not immediately respond to ..
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U.S. lawmakers question Google about collection of health records
Yesterday, 22:15
WASHINGTON (Reuters) - U.S. Presidential candidate Elizabeth Warren along with fellow Senators Richard Blumenthal and Bill Cassidy wrote a letter to Alphabet's Google (NASDAQ:GOOGL) on Wednesday to raise questions about its access to the health records of tens of millions of Americans. Warren and Blumenthal, who are Democrats, along with Cassidy, a Republican, were focused on a business partnership that Google formed with Ascension Health. ..
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Germany Pitches Political Fix to Bolster a Floundering NATO
Yesterday, 22:12
(Bloomberg) -- Germany made a bid to bolster political unity in the North Atlantic Treaty Organization, reflecting concerns about recent high-profile splits in the military alliance. German Foreign Minister Heiko Maas proposed to create an expert group that would advise member countries on future transatlantic security challenges. The group would work under the direction of the NATO secretary general. “It’s necessary to strengthen the political ..
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Morrison Defends Australia Surplus Goal Amid Long-Term Headwinds
Yesterday, 22:09
(Bloomberg) -- Prime Minister Scott Morrison defended his government’s goal of returning the budget to surplus, saying Australia’s economy faced headwinds for years to come. In an interview with ABC radio Thursday morning, Morrison was questioned whether it was worth returning the budget to the black at the cost of economic growth. Balancing the books was “critically important,” said Morrison, whose government this week announced fast-tracked ..
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Former Twitter employee accused of spying for Saudis pleads not guilty
Yesterday, 22:06
SAN FRANCISCO (Reuters) - A former Twitter Inc (NYSE:TWTR) employee accused of spying for Saudi Arabia pleaded not guilty on Wednesday in San Francisco, where he remains in custody. Ahmad Abouammo earlier this month was indicted on spying charges along with Ali Alzabarah, another former Twitter employee, and Ahmed Almutairi, who worked for the Saudi royal family. The case puts Silicon Valley in the spotlight over protection of personal data, ..
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Latest News

L Brands Earnings inline, Revenue Misses In Q3
Today, 04:06 - L Brands (NYSE:LB) reported third quarter earnings that matched analysts' expectations on Wednesday and revenue that fell short of forecasts. The firm reported earnings per share of $0.02 on revenue of $2.68B. Analysts polled by anticipated EPS of $0.02 on revenue of $2.69B. That compared to EPS of $0.16 on revenue of $2.77B in the same period a year earlier. The company had reported EPS of $0.24 on revenue of $2.9B ..
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Micron relationship with Huawei 'very good', chief executive says
Today, 04:03
(Reuters) - American memory chipmaker Micron's relationship with China's tech giant Huawei [HWT.UL] 'continues to be very good', its chief executive, Sanjay Mehrotra, said on Thursday. He was speaking to broadcaster CNN on the sidelines of the Bloomberg New Economy Forum in Beijing. ..
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Apple, Intel file antitrust case against SoftBank-backed firm over patent practices
Today, 03:09
SAN FRANCISCO (Reuters) - Apple Inc (NASDAQ:AAPL) and Intel Corp (NASDAQ:INTC) on Wednesday filed an antitrust lawsuit against Softbank Group Corp-owned Fortress Investment Group, alleging the firm stockpiled patents to hold up technology companies with lawsuits. The suit follows an earlier case filed by Intel against Fortress in October. Intel withdrew that suit and on Wednesday filed a new version in the U.S. District Court for the Northern ..
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Factbox: How social media services handle political ads
Today, 03:06
By Elizabeth Culliford SAN FRANCISCO (Reuters) - Online platforms including Facebook (NASDAQ:FB) and Alphabet (NASDAQ:GOOGL) Inc's Google face growing pressure to stop carrying political ads that contain false or misleading claims ahead of the U.S. presidential election. In the United States, the Communications Act prevents broadcast stations from rejecting or censoring ads from candidates for federal office once they have accepted ..
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Mexicans sue Walmart over Texas shooting that left victims on both sides of border
Today, 03:03
MEXICO CITY (Reuters) - Ten Mexican citizens have sued Walmart (NYSE:WMT) over the shooting at a store in the U.S. border town of El Paso, Texas, that killed eight Mexicans and left eight more injured, saying that Walmart did not do enough to protect its customers, Mexico said on Wednesday. The suspected gunman told police he was targeting "Mexicans" in the August shooting, which killed 22 people in total. Mexico's Foreign ..
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Oil dips on worries U.S.-China trade deal could slip to next year
Today, 02:09
By Koustav Samanta SINGAPORE (Reuters) - Oil prices retreated on Thursday as a spat over Hong Kong added to worries of a delay in any U.S.-China trade deal, after posting steep gains in the previous session on bullish U.S. crude inventory data. The trade war between the world's two biggest economies has dominated the outlook for future oil demand, and trade experts have warned the completion of a "phase one" U.S.-China trade deal could slip ..
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Google to let sites block personalized ads under California privacy law
Today, 02:06
By Paresh Dave SAN FRANCISCO (Reuters) - Websites and apps using Google's advertising tools will be able to block personalized ads to internet users in California and elsewhere as part of the Alphabet (NASDAQ:GOOGL) Inc unit's effort to help them comply with the state's new privacy law, it told clients this week. The California Consumer Privacy Act (CCPA), which goes into effect on Jan. 1, requires large businesses to let ..
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Apple supplier Japan Display says executive embezzled $5.25 million
Today, 02:03
TOKYO (Reuters) - Japan Display Inc said on Thursday it dismissed an accounting executive last year for embezzling about $5.3 million over four years since the Apple Inc (NASDAQ:AAPL) supplier went public in 2014. JDI said in a statement it had filed a criminal complaint against the former employee and that it was cooperating with police. The embezzlement was first reported by the Asahi newspaper on Thursday. The employee had defrauded the ..
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Asian shares slide as Sino-U.S. spat on Hong Kong clouds trade deal outlook
Today, 01:15
By Hideyuki Sano TOKYO (Reuters) - Global shares slid on Thursday as a fresh row between Washington and Beijing over U.S. bills on Hong Kong could complicate their trade negotiation and delay a "phase one" deal that investors had initially hoped to be inked by now. MSCI's broadest index of Asia-Pacific shares outside Japan (MIAPJ0000PUS) fell 0.16% while Japan's Nikkei (N225) dropped 0.25%. U.S. S&P500 futures (ESc1) dropped 0.2% in ..
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Alibaba to pay banks up to $32.3 million in fees for Hong Kong listing
Today, 01:12
By Scott Murdoch (Reuters) - China's Alibaba (N:BABA) will pay its investment banking syndicate up to $32.3 million for leading its Hong Kong listing which will raise up to $12.9 billion, according to documents filed with U.S. securities regulators. The e-commerce giant employed two co-sponsors, China International Capital Corp (CICC) and Credit Suisse (S:CSGN), to head the deal which has been carried out over the past week. The two lead ..
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