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Danish biotech Genmab hit by ending of trial using key cancer drug

COPENHAGEN (Reuters) – Shares in Danish biotech Genmab fell by as much as 25 percent on Monday after its partner Johnson & Johnson decided to ditch a study using its blockbuster cancer drug. Genmab said Janssen, a Johnson & Johnson business, had decided that t... More »

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U.S. bishop wows royal wedding with impassioned sermon on love

WINDSOR, England (Reuters) – African-American bishop Michael Curry electrified the wedding of Prince Harry and Meghan Markle with a barnstorming sermon on the power of love that won smiles in the ancient British chapel and praise across the internet. Curry, th... More »

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Why Italy’s bonds keep calm and carry on

LONDON (Reuters) – The prospect of a more spendthrift government in Italy, already one of the euro zone’s most indebted economies, has had only a mild impact on Italian government bonds — leaving many market pundits puzzled. Even after news in the past 24 hour... More »

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Shipping’s financiers turning the tide on shipbreaking practices

LONDON (Reuters) – The shipping industry has long been criticized by campaigners for allowing vessels to be broken up on beaches, endangering workers and polluting the sea and sand. Now, it is being called to account from a quarter that may have a bit more clo... More »

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In Turkey’s Kurdish heartland, a battle for homes and votes

DIYARBAKIR, Turkey (Reuters) – Kurdish electrician Sukru Gunduz was out on a job when a friend came running to tell him his house was being knocked down, with five members of his family inside. Angry and alarmed, he rushed home. By the time he got there, a mec... More »

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Oil prices reach highest since Nov 2014 on Venezuela, Iran worries

SINGAPORE (Reuters) – U.S. oil prices rose above $70 a barrel on Monday for the first time since November 2014 and Brent crude climbed to fresh highs, buoyed as a deepening economic crisis in Venezuela threatened the country’s already tumbling oil supply. The ... More »

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Take Five: World markets themes for the week ahead

LONDON (Reuters) – Following are five big themes likely to dominate the thinking of investors and traders in the coming week and the Reuters stories related to them. WHAT’S THE PRICE 1/The Federal Reserve has acknowledged U.S. inflation has perked up, adding t... More »

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Iowa governor signs ‘fetal heartbeat’ abortion ban into law

(Reuters) – Iowa Governor Kim Reynolds signed into law on Friday a bill outlawing abortion after a fetal heartbeat is detected, which often occurs at six weeks and before a woman even realizes she is pregnant, and Reynolds acknowledged the likelihood of a cour... More »

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South Korean trust in North jumps after feel-good summit

SEOUL (Reuters) – South Korean trust in North Korea has surged since last week’s feel-good summit at which their leaders declared an end to hostilities and to work towards denuclearization of the peninsula. A survey taken on Friday, the day North Korean leader... More »

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Exclusive: U.S. considers tightening grip on China ties to…

NEW YORK (Reuters) – The U.S. government may start scrutinizing informal partnerships between American and Chinese companies in the field of artificial intelligence, threatening practices that have long been considered garden variety development work for techn... More »

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Leaders of two Koreas close first session of summit, break for lunch

SEOUL (Reuters) – North Korean leader Kim Jong Un and South Korean President Moon Jae-in wrapped up the first round of talks on Friday for their countries’ first summit in over a decade, the South’s presidential office said on Friday. Kim and Moon will meet la... More »

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Oil dips as rising U.S. yields steer bulls

LONDON (Reuters) – Oil eased on Monday on rising U.S. borrowing costs and the prospect of further output rises after another increase in the weekly rig count, although the overall picture for crude remained bullish. Brent crude futures were down 49 cents at $7... More »

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Rails, truckers have gotten cheap but trade wars a risk

NEW YORK (Reuters) – Many U.S. stocks cheapened up during the first quarter’s choppy trading scene, relieving some concern investors had about lofty valuations. But the companies that move goods through a humming economy now look among the market’s best bargai... More »

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Trump’s travel ban faces U.S. Supreme Court showdown

WASHINGTON (Reuters) – The first big showdown at the U.S. Supreme Court over President Donald Trump’s immigration policies is set for Wednesday when the justices hear a challenge to the lawfulness of his travel ban targeting people from several Muslim-majority... More »

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Oil recoup some Syria-related losses- focus switches to Iran

LONDON (Reuters) – Oil recovered some ground on Monday, but prices were still down on the day as investor concern waned about escalating tensions in the Middle East following air strikes on Syria over the weekend. The United States, France and Britain launched... More »

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Threat of U.S.-Russia clash hangs over Syria

BEIRUT (Reuters) – The prospect of Western military action in Syria that could lead to confrontation with Russia hung over the Middle East on Friday but there was no clear sign that a U.S.-led attack was imminent. International chemical weapons experts were tr... More »

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Goldman’s Schwimmer to steer London Stock Exchange through Brexit

LONDON (Reuters) – The London Stock Exchange (LSE.L) named Goldman Sachs’ veteran David Schwimmer as chief executive officer on Friday, with an initial challenge of helping the 300-year-old institution to navigate Brexit. Analysts expressed relief that the LSE... More »

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Trump says would only join TPP if deal were substantially better…

(Reuters) – President Donald Trump said late on Thursday he would only consider joining the landmark Trans-Pacific Partnership trade agreement if it were a “substantially better” deal than the one offered to President Barack Obama. “We already have bilateral d... More »

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Oil prices rise on hopes U.S. trade spat with China may ease

SINGAPORE (Reuters) – Oil markets rose for a second day on Tuesday, with Brent rising above $69 per barrel on hopes a trade dispute between the United States and China, the world’s two biggest crude consumers, may be resolved without greater damage to the glob... More »

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Oil creeps up towards $70 on lower U.S. drilling, Iran sanctions…

LONDON (Reuters) – Oil rose towards $70 a barrel on Monday, lifted by a drop in drilling activity in the United States and concerns that Washington could reintroduce sanctions against Iran. U.S. drillers cut seven oil rigs in the week to March 29, bringing the... More »

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Exclusive: China taking first steps to pay for oil in yuan this…

HONG KONG/BEIJING (Reuters) – China is taking its first steps towards paying for imported crude oil in yuan instead of the U.S. dollar, three people with knowledge of the matter told Reuters, a key development in Beijing’s efforts to establish its currency int... More »

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Lured by rising SUV sales, automakers flood market with models

NEW YORK (Reuters) – Demand for sport utility vehicles in the United States is booming, but the number of new models vying for a share of that market is growing even faster, threatening the fat profits automakers have enjoyed. At the New York Auto show this we... More »

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Oil stumbles as U.S. supply growth offsets OPEC optimism

LONDON (Reuters) – Brent oil lingered below this week’s highs on Thursday, as optimism over OPEC’s commitment to controlling its output was partly offset by another rise in U.S. inventories. The oil price touched $71 a barrel on Tuesday, near its high for the ... More »

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Rocket science: will Inmarsat’s wi-fi in the sky pay off?

LONDON (Reuters) – A satellite company wants to bring reliable internet to airline passengers worldwide. But some investors don’t seem to be buying it. Inmarsat’s mission to bring wi-fi to passenger jets did instill great faith in some fund managers. But compe... More »

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Oil, briefly up on lower rig counts, falls on U.S. output outlook

FILE PHOTO: A general view shows the al-Shuaiba oil refinery in southwest Basra, Iraq April 20, 2017. REUTERS/Essam Al-Sudani LONDON (Reuters) – Oil prices fell on Monday on expectations that U.S. output will rise this year, erasing earlier gains buoyed by low... More »

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Toolbox trade wars: How a sure winner in U.S. dispute has yet to…

The glass entranceway to Metal Box InternationalÕs toolbox factory is seen in Franklin Park, Illinois, U.S., February 21, 2018. Picture taken February 21, 2018. REUTERS/Timothy Aeppel FRANKLIN PARK, Ill. (Reuters) – Nestled in an industrial park near the end o... More »

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Italy’s League, 5-Star vie for power after inconclusive vote

A man casts his vote at a polling station in Milan, Italy March 4, 2018. REUTERS/Stefano Rellandini ROME (Reuters) – Two anti-establishment leaders made early plays to govern Italy on Monday, triggering concern in the euro zone following an inconclusive electi... More »

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Euro zone’s economic roar lost some volume in February: PMI

The famous skyline with its banking district is pictured as a rescue helicopter flies by in Frankfurt early evening April 13, 2015. The European Central Bank’s governing council will meet in Frankfurt on Wednesday, April 15. REUTERS/Kai Pfaffenbach LONDON, (Re... More »

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Italy faces political gridlock after 5-Star surges

A man casts his vote at a polling station in Milan, Italy March 4, 2018. REUTERS/Stefano Rellandini ROME (Reuters) – Italy faces a prolonged period of political instability after voters delivered a hung parliament on Sunday, spurning traditional parties and fl... More »

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Gold as an inflation hedge? Well, sort of…

FILE PHOTO: Gold bars at the Austrian Gold and Silver Separating Plant ‘Oegussa’ in Vienna, Austria, March 18, 2016. REUTERS/Leonhard Foeger/File Photo LONDON (Reuters) – Rising inflation has put gold back on the radar for investors looking to protect themselv... More »

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PNG declares state of emergency after deadly quake strikes rugged…

Locals surround a house that was covered by a landslide in the town of Mendi after an earthquake struck Papua New Guinea’s Southern Highlands, in this image taken February 27, 2018 obtained from social media. Francis Ambrose/via REUTERS ATTENTION EDITORS – THI... More »

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Students plan protests, Washington march, to demand gun control…

A senior at Marjory Stoneman Douglas High School weeps in front of a cross and Star of David for shooting victim Meadow Pollack while a fellow classmate consoles her at a memorial by the school in Parkland, Florida, U.S. February 18, 2018. REUTERS/Jonathan Dra... More »

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Stock volatility: back with a bang and here to stay

Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., February 16, 2018. REUTERS/Lucas Jackson NEW YORK (Reuters) – U.S. stock markets are unlikely to return to the unusually calm conditions seen last year, ... More »

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Jittery U.S. bond market braces for supply wave

FILE PHOTO: The Federal Reserve headquarters in Washington September 16 2015. REUTERS/Kevin Lamarque/File Photo NEW YORK (Reuters) – Bond investors, who have been on edge over signs of growing inflation and a possibly more aggressive Federal Reserve, will have... More »

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Oil prices rise 1 percent as stocks markets steady

FILE PHOTO: An offshore oil platform is seen in Huntington Beach, California, U.S., September 28, 2014. REUTERS/Lucy Nicholson/File Photo SINGAPORE (Reuters) – Oil prices rose by 1 percent on Monday, recovering at least some of last week’s steep losses as Asia... More »

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Trump signs deal to end brief agency shutdown, boost U.S. spending

U.S. President Donald Trump delivers remarks at the National Prayer Breakfast in Washington, U.S. February 8, 2018. REUTERS/Jonathan Ernst WASHINGTON (Reuters) – A brief U.S. government shutdown ended on Friday after Congress passed and President Donald Trump ... More »

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Energy stocks have room to build on solid start

A trader works on the floor of the New York Stock Exchange shortly after the closing bell in New York, U.S., February 2, 2018. REUTERS/Lucas Jackson NEW YORK (Reuters) – Energy stocks have got off to a strong start this year and look poised to run further, fue... More »

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A decade after recession, a jump in U.S. states with wage gains

Newly hired employees take a break from training to pose for a group photo at the chain’s soon-to-open 54th outlet in Oakland, California ,U.S., January 24, 2018. REUTERS/Ann Saphir OAKLAND, Calif./CANTON, N.Y./WASHINGTON (Reuters) – The kind of pay raises for... More »

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U.S. asset managers shake up equity research as banks cut back

FILE PHOTO: The BlackRock logo is seen at the BlackRock Japan headquarters in Tokyo, Japan, October 20, 2016. REUTERS/Toru Hanai/File Photo NEW YORK (Reuters) – As new rules spur Wall Street banks to further shrink their research budgets, U.S. asset management... More »

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Blockchain to track Congo’s cobalt from mine to mobile

FILE PHOTO: Part of Tilwizembe, a former industrial copper-cobalt mine now occupied by artisanal miners, is seen outside Kolwezi, the capital city of Lualaba Province in the south of Democratic Republic of Congo, June 11, 2016. REUTERS/Aaron Ross/File Photo LO... More »

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Texas shale challenges North Sea crude as world oil benchmark

FILE PHOTO: Workers hired by U.S. oil and gas company Apache Corp drill a horizontal well in the Wolfcamp Shale in west Texas Permian Basin near the town of Mertzon, Texas, U.S., October 29, 2013. REUTERS/Terry Wade/File Photo NEW YORK (Reuters) – Surging shal... More »

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Heat wave leaves thousands of Australian homes without power

MELBOURNE (Reuters) – More than 10,000 homes in Australia’s second most populous state were stuck without power on Monday as a surge in demand amid scorching heat overloaded the grid, in the latest blow to the nation’s stretched power sector. The outages on di... More »

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Most Americans wary of self-driving cars: Reuters/Ipsos poll

FILE PHOTO: Test drivers use a Lexus SUV, built as a self-driving car, to map the area prior to a journey without a driver in control, in Phoenix, Arizona, U.S., April 5, 2016. Courtesy of Google/Handout via Reuters (Reuters) – Two-thirds of Americans are unco... More »

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As cold blast hits, China’s utilities warn of heating, power cuts

FILE PHOTO: A loader is seen amid coal piles at a port in Lianyungang, Jiangsu province, China January 25, 2018. REUTERS/Stringer BEIJING (Reuters) – Four of China’s top utilities have told the government some regions will face heating and electricity shortage... More »

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U.S. panel deals blow to Philip Morris tobacco device

FILE PHOTO: A man poses for a photograph while using a Philip Morris iQOS smoking device, in Bogota, Colombia November 14, 2017. REUTERS/Jaime Saldarriaga/File Photo WASHINGTON (Reuters) – Philip Morris International Inc should not be allowed to claim its iQOS... More »

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Oil rises as Saudi Arabia says producers will cooperate beyond 2018

FILE PHOTO: A gas station attendant pumps fuel into a customer’s car at a gas station in Shanghai, China November 17, 2017. REUTERS/Aly Song/File Photo SINGAPORE (Reuters) – Oil prices climbed on Monday, pushed higher by comments from Saudi Arabia that coopera... More »

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FDA’s tobacco stance faces test with Philip Morris iQOS device

FILE PHOTO: A man uses a Philip Morris iQOS e-cigarette in Tokyo, Japan May 12, 2017. REUTERS/Issei Kato/File Photo WASHINGTON (Reuters) – In a decision expected to test the Trump administration’s approach to tobacco regulation, U.S. health advisers will vote ... More »

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Oil retreats from $70 highs but set for fourth week of gains

FILE PHOTO: An offshore oil platform is seen in Huntington Beach, California, U.S. September 28, 2014. REUTERS/Lucy Nicholson/File Photo LONDON (Reuters) – Oil prices fell on Friday after hitting a three-year high of more than $70 a barrel the previous day, bu... More »

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Samsung profit guidance disappoints, memory outlook cloudy

FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea South Korea, October 11, 2017. REUTERS/Kim Hong-Ji/File Photo SEOUL (Reuters) – Samsung Electronics Co Ltd (005930.KS) said it would likely rake in a record fourth... More »

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This year’s lumps of coal could be 2018’s diamonds

FILE PHOTO: A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, U.S., December 28, 2016. REUTERS/Andrew Kelly/File Photo SAN FRANCISCO (Reuters) – Investors saddled in 2017 with the market’s worst performers, incl... More »

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Cryptocurrency stocks holding gains despite bitcoin pullback

FILE PHOTO: Sparks glow from broken Bitcoin (virtual currency) coins in this illustration picture, December 8, 2017. REUTERS/Dado Ruvic/Illustration/File Photo NEW YORK (Reuters) – Stocks that surged in recent weeks because of the cryptocurrency mania have man... More »

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FANGtastic stocks top vintage year for global markets

Czech crown banknotes are seen in this picture illustration taken in Prague January 18, 2013. REUTERS/David W Cerny LONDON (Reuters) – A 40 percent surge in world tech stocks, a jump of almost a third in emerging markets and double-digit percentage gains for t... More »

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Oil prices edge up on North Sea pipeline outage, falling stocks

FILE PHOTO – A pumpjack brings oil to the surface in the Monterey Shale, California, U.S. April 29, 2013. REUTERS/Lucy Nicholson/File Photo SINGAPORE/LONDON (Reuters) – Oil prices edged up on Friday, lifted by the Forties pipeline outage in the North Sea, ongo... More »

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Oil stable as strong Chinese demand counters rising dollar

FILE PHOTO – A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy Nicholson SINGAPORE (Reuters) – Oil prices were stable on Friday as the weight of a strengthening U.S. dollar was countered by China’s relentless thirst for... More »

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Strong November U.S. job gains anticipated- wages seen rising

Brochures are displayed for job seekers at the Construction Careers Now! hiring event in Denver, Colorado U.S. August 2, 2017. REUTERS/Rick Wilking WASHINGTON (Reuters) – U.S. job growth likely increased at a strong clip in November and wages rebounded as the ... More »

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Global manufacturing buoyed as focus shifts to rate hikes

A manufacturer displays camera housing during the China Public Security Expo in Shenzhen, China October 30, 2017. Picture taken Octoberr 30, 2017. REUTERS/Bobby Yip LONDON/HONG KONG (Reuters) – Global manufacturing expanded at the fastest pace in years last mo... More »

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Shell and carmakers aim to go the distance with highway charging

FILE PHOTO: The charging plug of an electric Volkswagen Passat car is pictured at charging station at a VW dealer in Berlin, Germany, February 2, 2016. REUTERS/Fabrizio Bensch/File Photo LONDON (Reuters) – Royal Dutch Shell (RDSa.L) has partnered with top carm... More »

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As Venezuela pumps below OPEC target, oil rivals begin filling gap

FILE PHOTO: A boat is seen close to oil installations at Lake Maracaibo in Cabimas, Venezuela October 5, 2017. Picture taken October 5, 2017. REUTERS/Isaac Urrutia HOUSTON/DUBAI (Reuters) – As Venezuela’s dilapidated energy sector struggles to pump enough crud... More »

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Zimbabwe’s Mugabe has drafted resignation letter, CNN says

HARARE (Reuters) – Zimbabwe President Robert Mugabe has agreed to stand down and his resignation letter has been drafted, CNN said on Monday, citing a source familiar with his negotiations with the generals who seized power in Harare last week. Under the terms... More »

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Oil markets tepid ahead of Nov. 30 OPEC meeting

Men work for Iraqi Drilling Company at Rumaila oilfield in Basra, Iraq, May 11, 2017. REUTERS/Essam Al-Sudani SINGAPORE (Reuters) – Oil markets were tepid on Monday as traders were reluctant to take on big new positions ahead of an OPEC meeting at the end of t... More »

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U.S. patent review board becomes conservative target

FILE PHOTO: Demonstrators supporting the organization U.S. Inventors burn patents in front of the U.S. Patent and Trademark Office during a protest in Alexandria, Virginia, U.S. on August 11, 2017. REUTERS/Jan Wolfe/File Photo NEW YORK(Reuters) – In August, a ... More »

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Shrinking GE rattles investors, shares hit 5-year low

General Electric Co's (GE.N) new Chief Executive John Flannery on Monday outlined steps that will turn the biggest U.S. industrial conglomerate into a smaller, more focused company, surprising some investors who sold the company's shares to a five-year low. More »