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Omega`s Cooperman loses bid to dismiss SEC insider trading case

FILE PHOTO: Leon G. Cooperman, CEO of Omega Advisors, Inc., speaks on a panel at the annual Skybridge Alternatives Conference (SALT) in Las Vegas May 7, 2015. REUTERS/Rick Wilking/File Photo A federal judge on Monday rejected billionaire hedge fund manager Leo... More »

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Baidu leads investment into green car start-up NextEV

Baidu’s company logo is seen at its headquarters in Beijing December 17, 2014. REUTERS/Kim Kyung-Hoon Baidu Inc said on Friday it had led an investment round into green car start-up NextEV, as the Chinese search engine giant looks for new growth drivers and as... More »

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Antitrust move may let America Movil cut labor costs: union

The logos of America Movil is seen on the wall of the reception area in the company’s corporate offices in Mexico City August 12, 2015. REUTERS/Henry Romero Antitrust measures announced last week that would split up Carlos Slim’s America Movil and open its fix... More »

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Top U.S. coal miner Peabody eyes bankruptcy exit in April

Peabody’s St. Louis headquarters seen from the steps of the Thomas F. Eagleton U.S. Courthouse, where a hearing on the coal producer’s plan to exit its Chapter 11 bankruptcy was held in St. Louis, Missouri, U.S., March 16, 2017. REUTERS/Tracy Rucinski Peabody ... More »

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Baidu fires head of group-buying unit over kickbacks

A employee uses his mobile phone as he walks past the company logo of Baidu at its headquarters in Beijing, August 5, 2010. REUTERS/Barry Huang/File Photo Baidu Inc said on Thursday it fired the head of its Nuomi group-buying service over ethics violations, at... More »

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Euronet Worldwide trumps Ant Financial`s offer to buy MoneyGram

A Moneygram logo is seen outside a bank in Vienna, Austria, June 28, 2016. REUTERS/Heinz-Peter Bader U.S. electronic payments company Euronet Worldwide Inc (EEFT.O) launched a $1 billion bid for rival MoneyGram International Inc (MGI.O) on Tuesday, arguing tha... More »

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Vodafone pays the price for inertia as rivals pull ahead

FILE PHOTO: A Vodafone logo is seen on a mobile internet dongle in this photo illustration, November 9, 2010. REUTERS/Suzanne Plunkett/Illustration/File Photo British mobile operator Vodafone risks being left on the sidelines as rivals converge to break free f... More »

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Volkswagen, Tata Motors plan to cooperate in India

FILE PHOTO: A Volkswagen logo is pictured at Volkswagen’s headquarters in Wolfsburg, Germany, April 22, 2016. REUTERS/Hannibal Hanschke/File Photo German carmaker Volkswagen (VOWG_p.DE) said on Friday it had signed a memorandum of understanding to explore a pa... More »

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State-backed rivals force India`s e-payment firms to step up

A Sadhu or a Hindu holy man pays the vendor through Paytm, a digital wallet company, after buying a book during the annual religious festival of Magh Mela in Allahabad, India, January 26, 2017. REUTERS/Jitendra Prakash Electronic payment firms got a big boost ... More »

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Factbox: What is India`s cashless drive all about?

An advertisement of Paytm, a digital wallet company, is seen placed at a fruit stall in Kolkata, India, January 26, 2017. Picture taken January 26, 2017. REUTERS/Rupak De Chowdhuri India’s has launched a slew of electronic systems to encourage its 1.2 billion ... More »

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Google backs UK-based payments company Currencycloud

The Google logo adorns the entrance of Google Germany headquarters in Hamburg, Germany July 11, 2016. REUTERS/Morris Mac Matzen Alphabet Inc’s venture arm has invested in Currencycloud, a UK startup that provides technology to enable businesses to provide cros... More »

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BMW says big industry investments may spur consolidation

Harald Krueger, Chief Executive of German luxury carmaker BMW, gives a speech during the Handelsblatt Automotive Summit 2016 in Munich, southern Germany, November 9, 2016. REUTERS/Michael Dalder BMW (BMWG.DE) CEO Harald Krueger said the big investments needed ... More »

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PSA agrees to buy Opel in deal valuing GM unit at 2.2 billion euros

FILE PHOTO: A combination picture shows the logos of Opel and Peugeot car manufacturers at dealerships of the brands in Strasbourg, France, February 14, 2017. REUTERS/Vincent Kessler/File Photo PSA Group (PEUP.PA) has agreed to buy European rival Opel from Gen... More »

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Kazakhstan parliament passes reforms reducing presidential powers

President of the Republic of the Kazakhstan Nursultan Abishevich Nazarbayev and Japanese Prime Minister Shinzo Abe (not seen) attend a joint news conference at Prime Minister Office in Tokyo, Japan, on November 7, 2016. REUTERS/David Mareuil/Pool Kazakhstan’s ... More »

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Winton CEO defends firm from Buffett criticism of fees, returns

Warren Buffett, chairman and CEO of Berkshire Hathaway, smiles before speaking with Bill Gates (not pictured), at Columbia University in New York, U.S., January 27, 2017. REUTERS/Shannon Stapleton David Harding, founder of one of the world’s biggest hedge fund... More »

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LSE-Deutsche Boerse HQ would be in London: LSE CEO

London Stock Exchange CEO Xavier Rolet reacts during a conference on financial regulation, in London, Britain November 11, 2015. REUTERS/Suzanne Plunkett If the merger of the London Stock Exchange and Deutsche Boerse goes ahead, it would have its head office i... More »

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Thyssenkrupp eyes Plan B for European steel: report

The logo of German steel-to-elevators group ThyssenKrupp AG is pictured during the company’s annual news conference in Essen, Germany, November 24, 2016. REUTERS/Wolfgang Rattay/File Photo Germany’s Thyssenkrupp (TKAG.DE) has looked at the option of splitting ... More »

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Fashion house BCBG Max Azria files for bankruptcy

A worker sits next to the runway before the BCBG Max Azria Fall 2015 collection show during New York Fashion Week February 12, 2015. REUTERS/Eric Thayer Fashion house BCBG Max Azria Group LLC filed for bankruptcy protection on Wednesday, the latest casualty in... More »

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Brokerages` race to zero fees points to a bigger war to come

A sign marks a Fidelity Investments office in Boston, Massachusetts, U.S. September 21, 2016. REUTERS/Brian Snyder/File Photo Fidelity Investments Inc and Charles Schwab Corp made moves in quick succession on Tuesday to slash trade commissions, accelerating th... More »

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Chinese investors looking to postpone closing of AC Milan deal

Chinese fans of AC Milan sing before their team’s International Champions Cup friendly match against Inter Milan in Shenzhen, China July 25, 2015. REUTERS/Bobby Yip/File Photo The Chinese buyers that committed to the acquisition of prized Italian soccer club A... More »

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LSE, Deutsche Boerse deal in jeopardy as EU set to block

A woman walks past the London Stock Exchange building in the City of London, Britain, January 16 , 2017. REUTERS/Toby Melville London Stock Exchange (LSE.L) said its proposed merger with Deutsche Boerse AG (DB1Gn.DE) was unlikely to be approved by the European... More »

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Sanofi and Lonza to build new $285 million Swiss biologics facility

FILE PHOTO – The logo of French drugmaker Sanofi is seen in front of the company’s headquarters in Paris, France, October 30, 2014. REUTERS/Christian Hartmann/File Photo French drugmaker Sanofi and Swiss manufacturer Lonza will invest 270 million euros ($285 m... More »

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Berkshire Hathaway gains $1.6 billion from its huge bite of Apple

FILE PHOTO – An Apple iPhone 7 and the company logo are seen in this illustration picture taken in Bordeaux, France on February 1, 2017. REUTERS/Regis Duvignau/File Photo Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) is sitting on more than $1.6 billion of ... More »

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Unilever says Kraft`s shock bid to spur focus on short-term value

The company logo for Unilever is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 17, 2017. REUTERS/Brendan McDermid/File Photo Unilever (ULVR.L) said the shock of Kraft Heinz’s (KHC.O) opportunistic approach... More »

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Peugeot boss offers UK union reassuring words on Vauxhall plants

Carlos Tavares, Chairman of the Managing Board of French carmaker PSA Peugeot Citroen, arrives to attend a news conference to present the company’s 2016 annual results at Peugeot headquarters in Paris, France, February 23, 2017. REUTERS/Gonzalo Fuentes The hea... More »

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GM demands non-compete clauses in return for Opel patents: Spiegel

FILE PHOTO – The GM logo is seen in Warren, Michigan, U.S. on October 26, 2015. REUTERS/Rebecca Cook/File Photo General Motors (GM.N) has told PSA Group (PEUP.PA) it would only sell licenses for the manufacture of Opel cars to the French company if it agreed n... More »

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Beyond phones and 5G, mobile world seeks to reinvent itself

People walk past the main entrance of the Mobile World Congress in Barcelona, Spain February 24, 2017. REUTERS/Albert Gea Seeking to escape a cycle of falling prices and tight regulation, big telecom operators from Vimpelcom (VIP.O) to Telefonica (TEF.MC) are ... More »

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Toshiba says not aware Westinghouse considering Chapter 11 filing

Reporters raise their hands for a question during a news conference by Toshiba Corp CEO Satoshi Tsunakawa and other senior sompany officials at the company’s headquarters in Tokyo, Japan February 14, 2017. REUTERS/Toru Hanai Toshiba Corp (6502.T), responding t... More »

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Chemchina extends tender offer for Syngenta to April 28

The logo of Swiss agrochemicals maker Syngenta is seen at its headquarters in Basel, Switzerland July 22, 2016. REUTERS/Arnd Wiegmann/File Photo China National Chemical Corporation (ChemChina) has extended until April 28 its $43 billion tender offer for Swiss ... More »

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ValueAct`s Ubben `disinvesting` because of high valuations

Jeffrey Ubben, Founder & CEO at ValueAct Capital, speaks on the Reuters Newsmaker event ‘The Future of Shareholder Activism’ in Manhattan, New York, U.S., February 22, 2017. REUTERS/Andrew Kelly Jeffrey Ubben, the chief executive officer of activist investor V... More »

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Companies with long-term view do prevail: James Saft

The company logo for Unilever is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 17, 2017. REUTERS/Brendan McDermid In a world in which most investment managers are paid to be short- or medium-term in their ... More »

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Whom to trust when buying an annuity?

Retirees play poker at a singles club in Sun City, Arizona, January 4, 2013. REUTERS/Lucy Nicholson Getting financial advice on complicated insurance products is, well, complicated. More »

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Airbus COO says Zodiac must not get distracted by Safran merger

The logo of Airbus group is pictured in Colomiers near Toulouse, France, January 11, 2017. REUTERS/Regis Duvignau Airbus (AIR.PA) warned supplier Zodiac (ZODC.PA) that it must not let itself be distracted by its planned tie-up with aero engine maker Safran (SA... More »

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BMW, Mobileye in deal to collect map data for self-driving cars

General view shows the headquarters of German luxury carmaker BMW in Munich, Germany January 16, 2017. REUTERS/Michael Dalder Israel’s Mobileye and German automaker BMW said on Tuesday they signed an agreement to install Mobileye’s data generation technology i... More »

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Reliance Jio to offer bargain rates, crosses 100 million customers

Commuters are reflected on an advertisement of Reliance Industries’ Jio telecoms unit, at a bus stop in Mumbai, India, February 21, 2017. REUTERS/Shailesh Andrade Reliance Industries’ Jio telecoms unit will charge a tariff for its services from April, but will... More »

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Wanda`s Dick Clark deal shaky, but not yet dead: sources

FILE PHOTO: Wang Jianlin, chairman of the Wanda Group, speaks during an interview in Beijing, China, August 23, 2016. REUTERS/Thomas Peter/File Photo Chinese conglomerate Dalian Wanda’s proposed $1 billion purchase of Hollywood’s Dick Clark Productions Inc is ... More »

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Reliance`s Jio hails Uber ride in payments battle with PayTM

An employee walks at the office of ride-hailing service Uber in Gurugram, previously known as Gurgaon, on the outskirts of New Delhi, India, April 19, 2016. REUTERS/Anindito Mukherjee/File Photo Uber users in India, who until now had Chinese Internet giant Ali... More »

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Britain says PSA bosses wish to build on Vauxhall`s success

The logo of Peugeot is seen at a dealership of the brand in Strasbourg, France, February 14, 2017. REUTERS/Vincent Kessler Bosses at the Peugeot-maker PSA Group (PEUP.PA) have told the British government they would seek to build on the strengths of the Vauxhal... More »

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Struggling European banks see light at end of low-rates tunnel

FILE PHOTO: Offices in the financial district of Canary Wharf in London, Britain, January 19, 2017. REUTERS/Kevin Coombs/File Photo Rock-bottom interest rates hurt more big European banks in 2016 than in the previous year, but the worst could soon be over with... More »

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South Korean prosecutor widens charges against Samsung chief Lee

Samsung Group chief, Jay Y. Lee, is surrounded by media as he arrives at the Seoul Central District Court in Seoul, South Korea, January 18, 2017. REUTERS/Kim Hong-Ji South Korea’s special prosecutor’s office said it is planning to indict Samsung Group chief J... More »

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Toshiba shares drop after S&P warns of downgrade risk

The logo of Toshiba Corp is seen behind a traffic signal at its headquarters in Tokyo, Japan January 27, 2017. REUTERS/Toru Hanai Shares in Japan’s Toshiba sank 10 percent on Friday, after credit rating firm S&P Global said it could slash the conglomerate’s ra... More »

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Driving a hard bargain for taxes

A driver displays Uber and Lyft ride sharing signs in his car windscreen in Santa Monica, California, U.S., May 23, 2016. REUTERS/Lucy Nicholson/Files Lured by the promise of high pay for part-time work, Geovanie Rosario quit his day job three years ago and jo... More »

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Comcast`s NBC in talks to buy 25 percent stake in Euronews: source

The NBC and Comcast logo are displayed on top of 30 Rockefeller Plaza, formerly known as the GE building, in midtown Manhattan in New York July 1, 2015. REUTERS/Brendan McDermid/File Photo NBCUniversal, the U.S. media conglomerate owned by Comcast Corp (CMCSA.... More »

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Anthem sues Cigna to block deal termination

FILE PHOTO — A sign at the office building of health insurer Anthem is seen in Los Angeles, California February 5, 2015. REUTERS/Gus Ruelas/File Photo Anthem Inc said on Wednesday it has filed a lawsuit seeking to block smaller rival Cigna Corp from terminatin... More »

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GM CEO, President at Opel HQ for talks with management

Dan Ammann (R), President of General Motors speaks during the Fortune Brainstorm Tech conference in Aspen, Colorado, U.S. in this handout photo released to Reuters July 11, 2016. Stuart Isett/Fortune Brainstorm TECH/Handout via Reuters General Motors (GM.N) Ch... More »

PSA boss to meet top German officials over Opel plans

The chief executive of Peugeot maker PSA Group (PEUP.PA), Carlos Tavares, plans to meet senior German officials in the near future to discuss the possible acquisition of General Motors’ (GM.N) European Opel division, the French carmaker said on Wednesday. More »

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Berkshire takes huge bite of Apple, boosts airline stakes

Warren Buffett, chairman and CEO of Berkshire Hathaway, smiles before speaking with Bill Gates (not pictured), at Columbia University in New York, U.S., January 27, 2017. REUTERS/Shannon Stapleton Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) was an aggress... More »

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Trian takes $3.5 billion stake in Procter & Gamble

FILE PHOTO – The logo of Dow Jones Industrial Average stock market index listed company Procter & Gamble (PG) is seen on a tube of toothpaste in Los Angeles, California, United States, April 25, 2016. REUTERS/Lucy Nicholson Trian Fund Management LP disclosed a... More »

CVR settles SEC probe into disclosures tied to Icahn takeover

CVR Energy Inc will not pay a penalty over allegations that it made inadequate disclosures to investors during its unsuccessful defense against billionaire Carl Icahn’s 2012 hostile takeover, the U.S. Securities and Exchange Commission said on Tuesday. More »

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Toshiba says `not ready`, delays earnings, nuclear writedown

The logo of Toshiba Corp. is seen at the company’s facility in Kawasaki, Japan February 13, 2017. REUTERS/Issei Kato Toshiba Corp (6502.T) has unexpectedly delayed the release of its quarterly earnings and details of a multi-billion dollar writedown to its nuc... More »

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Toshiba seeks to postpone earnings release, will probe Westinghouse

The logo of Toshiba Corp is seen as Window cleaners work on the company’s headquarters in Tokyo, Japan, February 14, 2017. REUTERS/Toru Hanai Japan’s Toshiba Corp (6502.T) said it has asked regulators to allow it to delay the release of its earnings, including... More »

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Daimler invests in smartphone-based vehicle finance app AutoGravity

Daimler AG sign is pictured at the IAA truck show in Hanover, Germany, September 22, 2016. REUTERS/Fabian Bimmer/File Photo Daimler (DAIGn.DE) said on Tuesday it was investing a double-digit million euro amount into AutoGravity, a smartphone-based vehicle leas... More »

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Toshiba delays release of nuclear writedown, says `not ready`

The logo of Toshiba Corp. is seen at the company’s facility in Kawasaki, Japan February 13, 2017. Picture taken February 13, 2017. REUTERS/Issei Kato Toshiba Corp (6502.T) has delayed its earnings release, including details of a multi-billion charge related to... More »

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Allergan to buy fat-fighter Zeltiq Aesthetics for $2.48 billion

FILE PHOTO – The Allergan logo is seen in this photo illustration in Singapore November 23, 2015. REUTERS/Thomas White/File Photo Botox maker Allergan Plc agreed to pay $2.48 billion in cash for Zeltiq Aesthetics Inc, adding a system that it says helps people ... More »

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Samsung chief appears for second round of questions in graft probe

Lee Jae-yong (C), vice chairman of Samsung Electronics, arrives to be questioned as a suspect in a corruption scandal that led to the impeachment of President Park Geun-Hye, at the office of the independent counsel in Seoul on February 13, 2017. REUTERS/Jung Y... More »

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Drugmaker Stada confirms takeover bid from two companies

The logo of the pharmaceutical company Stada Arzneimittel AG is pictured at its headquarters in Bad Vilbel near Frankfurt March 14, 2012. REUTERS/Alex Domanski German generic drugmaker Stada (STAGn.DE) said it has received two offers for the acquisition of the... More »

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Turkish wealth fund more akin to national development bank: S&P

FILE PHOTO: Turkish lira banknotes are seen in this photo illustration shot January 7, 2014. REUTERS/Murad Sezer/Illustration/File Photo Turkey’s new sovereign wealth fund is more akin to a national development bank, with its design suggesting an effort to cre... More »

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VW turns on ex-chairman over emissions allegations

FILE PHOTO: The Volkswagen logo is seen at the Frankfurt Motor Show (IAA) in Frankurt, Germany, September 10, 2013. REUTERS/Pawel Kopczynski/File Photo Volkswagen signalled it could take legal action against former chairman Ferdinand Piech after a media report... More »