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Oil rallies more than 2 percent after slump but sentiment weak

LONDON (Reuters) – Oil prices rallied more than 2 percent on Thursday, clawing back part of a 6 percent slump triggered by a jump in U.S. crude inventories and record Saudi output, although analysts said sentiment remained bearish. A 10.95-million-barrel surge... More »

Dollar bulls back off amid concern Fed will delay hike

BOSTON (Reuters) – Some of the biggest dollar bulls in the global bond fund sector have reversed course in recent weeks, cutting exposure to the greenback amid concern the U.S. Federal Reserve will delay a widely-anticipated interest rate hike. The shift comes... More »

Stocks gain momentum, Europe at seven-year high

LONDON (Reuters) – World stocks marched higher again on Thursday, drawing support from European auto sales and German trade data, while expectations that the first U.S. interest rate increase will come in the latter part of the year continue to grow. Investors... More »

Lafarge, Holcim appoint Eric Olsen as CEO after merger

PARIS (Reuters) – Lafarge (LAFP.PA) and Holcim (HOLN.VX) have appointed long-time Lafarge executive Eric Olsen as the chief executive of their combined company once their merger is completed, the two groups said in a statement on Thursday. The post was a key s... More »

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In Jamaica, Obama seeks to reassert U.S. leadership in Caribbean

KINGSTON, Jamaica (Reuters) – President Barack Obama arrived in Jamaica on Wednesday to attend a Caribbean summit seeking to reassert U.S. leadership in the region at time when oil-producing Venezuela’s economic clout may be receding. As the first U.S. preside... More »

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Rory and Tiger command the Masters spotlight

AUGUSTA, Georgia (Reuters) – This week’s Masters is one of the most intriguing ever with the prospect of a career grand slam for Rory McIlroy and uncertainty over the state of Tiger Woods’ game heading a plethora of compelling storylines. Northern Irish world ... More »

Court questions Google on patent values in Microsoft case

SAN FRANCISCO (Reuters) – A U.S. appeals court appeared skeptical on Wednesday toward Google Inc’s bid to charge Microsoft Corp a high royalty rate to use some of the Internet search provider’s Motorola Mobility patents. Microsoft sued Motorola in 2010, allegi... More »

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Digital Ally shares rise in wake of South Carolina shooting

NEW YORK (Reuters) – Shares of digital video and surveillance technology firm Digital Ally rose on Wednesday in heavier-than-average trading, after a white police officer was caught on video fatally shooting a 50-year-old black man in South Carolina. While the... More »

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In first steps on campaign trail, Rand Paul shadowed by Iran deal

MILFORD, N.H. (Reuters) – When Senator Rand Paul of Kentucky travels across the country this week as a newly minted presidential candidate, he will be greeted by $1 million worth of attack ads accusing him of being “wrong and dangerous” on Iran. It is an early... More »

Shell challenges Exxon dominance with $70 billion bid for BG

LONDON (Reuters) – Royal Dutch Shell (RDSa.L) agreed to buy smaller rival BG Group (BG.L) for 47 billion pounds ($70 billion) in the first major energy industry merger in more than a decade, closing the gap on market leader U.S. Exxon Mobil (XOM.N) after a plu... More »

Vivendi reaches deal with activist shareholder to lift payouts

PARIS (Reuters) – French media group Vivendi said it reached a deal with activist U.S. hedge fund P. Schoenfeld Asset Management (PSAM) to increase payouts to investors, heading off a conflict ahead of its shareholder meeting later this month. Vivendi said it ... More »

U.S. stocks’ volatility expectations muted ahead of earnings

NEW YORK (Reuters) – Investors are staring at the first quarterly decline in U.S. corporate profits in six years – but the message coming out of the options market for now is not to worry. Earnings reporting seasons are typically choppy periods for stocks, but... More »

Fees from Shell’s BG purchase could be among 10 biggest

LONDON (Reuters) – Fees from Royal Dutch Shell’s $70 billion takeover of British energy firm BG could be among the top 10 most lucrative transactions on record, according to estimates from Thomson Reuters and Freeman Consulting.  Shell’s cash and share offer, ... More »

Sunday telephone call sparked $70 billion Shell-BG deal

LONDON (Reuters) – Sometimes it takes little more than five people to put together a $70 billion oil mega-merger. Shell’s purchase of smaller rival BG, the third largest oil and gas merger ever, was prompted by a phone call on a Sunday in the middle of March b... More »

Vivendi offers Eur 250 million for most of Dailymotion: source

PARIS (Reuters) – French media group Vivendi has made a 250 million euro ($275 million) indicative offer for most of Dailymotion, the video-sharing website owned by French telecoms group Orange, a source said on Monday. The source said that Orange’s board woul... More »

Oil up more than $1 after Saudi’s Asia price hike

SINGAPORE (Reuters) – Oil futures climbed more than $1 a barrel on Monday, after Saudi Arabia raised prices for crude sales to Asia for a second month, signaling better demand in the region. International benchmark Brent regained ground after tumbling as much ... More »

Holliday drives Cardinals to win over Cubs on Opening Night

Matt Holliday drove in two runs as the St. Louis Cardinals picked up a 3-0 win over the Chicago Cubs on the opening night of the new Major League Baseball season on Sunday. Holliday went 2-for-4 and walked once, while Matt Carpenter added an RBI single and sco... More »

Asia up after dismal U.S. jobs data, dollar pressured

TOKYO (Reuters) – Asian shares rose and the dollar steadied but remained under pressure on Monday, after a dismal U.S. jobs report led investors to pare bets the U.S. Federal Reserve would hike interest rates anytime soon. Major European markets were closed fr... More »

Dollar eases, weak U.S. jobs data dent hopes of early rate hike

TOKYO (Reuters) – The dollar weakened across the board on Monday, after much weaker-than-expected U.S. jobs data persuaded many in the market that the Federal Reserve is likely to wait until the second half of 2015 before raising interest rates. Friday’s close... More »

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Republicans push demand for a vote on Iran nuclear deal

WASHINGTON (Reuters) – Senate Republicans on Sunday pressed their demand that the U.S. Congress be allowed to vote on a nuclear agreement with Iran, but signaled they are willing to wait for last week’s interim agreement to be finalized before passing judgment... More »

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Djokovic continues domination with win over Murray

MIAMI (Reuters) – World number one Novak Djokovic continued his impressive run of form, winning the Miami Open over Andy Murray 7-6(3) 4-6 6-0 at Key Biscayne on Sunday. The victory followed Djokovic’s triumphs at the Australian Open and Indian Wells and was t... More »

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Obama presses case for Iran nuclear deal in weekly address

WASHINGTON (Reuters) – President Barack Obama assured Americans on Saturday that a newly negotiated framework for a nuclear pact with Iran was a “good deal” as he sought public support for a diplomatic breakthrough that many in Congress oppose. A day after pla... More »

Swiss launch of Apple Watch hit by patent issue: TV

ZURICH (Reuters) – Apple is not able to launch its new smartwatch in Switzerland until at least the end of this year because of an intellectual property rights issue, Swiss broadcaster RTS reported on its website. The U.S. tech giant cannot use the image of an... More »

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At Clinton’s campaign HQ, Brooklyn cool will come at a price

WASHINGTON/NEW YORK (Reuters) – Political staffers reporting for duty at the Brooklyn headquarters that will house Hillary Clinton’s anticipated presidential campaign will find a neighborhood known for its waterfront skyline views, top-notch private schools an... More »

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Clinton campaign signed lease for Brooklyn HQ: source

WASHINGTON (Reuters) – The campaign of likely U.S. presidential candidate Hillary Clinton has signed a lease to house its headquarters in Brooklyn, New York, a source with knowledge of Clinton’s plans said on Friday. Clinton, a former U.S. secretary of state a... More »

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U.S. says would back India buying U.S. aircraft carrier technology

WASHINGTON (Reuters) – The U.S. government would support selling General Atomics’ electromagnetic launching system for aircraft carriers, and other key technologies, to India, the Pentagon’s chief weapons buyer told Reuters on Friday. Defense Undersecretary Fr... More »

Fans push ‘Furious’ franchise to record-setting pace

LOS ANGELES (Reuters) – Actor Vin Diesel admits he made a mistake turning down the second film in the “Fast & Furious” franchise because he didn’t like the script. “I realized later the audience didn’t give a shit about what I thought about the script. They wa... More »

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U.S. hedge fund criticizes Vivendi over Bollore role

PARIS (Reuters) – U.S. hedge fund P. Schoenfeld Asset Management (PSAM) has accused French media group Vivendi of giving too much leeway to chairman and largest shareholder Vincent Bollore to boost his stake at “undervalued prices”. PSAM, which says it owns 0.... More »

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s1.reutersmedia.net/resources/r/?m=02&d=20140506&t=2&i=894661138&w=&fh=545px&fw=&ll=&pl=&sq=&r=CBREA45170J00s1.reutersmedia.net/resources/r/?m=02&d=20140506&t=2&i=894661138&w=&fh=545px&fw=&ll=&pl=&sq=&r=CBREA45170J00Do-it-yourselfers inspire hardware renaissance in Silicon Valley

A clothing designer area is pictured at TechShop in the South of Market neighborhood in San Francisco, California April 24, 2014. REUTERS/Robert Galbraith In the shadow of Internet monoliths such as Facebook, Google and Twitter, it’s easy to forget that Silico... More »

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s1.reutersmedia.net/resources/r/?m=02&d=20140501&t=2&i=893266055&w=&fh=545px&fw=&ll=&pl=&sq=&r=CBREA400F7P00s1.reutersmedia.net/resources/r/?m=02&d=20140501&t=2&i=893266055&w=&fh=545px&fw=&ll=&pl=&sq=&r=CBREA400F7P00Cisco Investments commits $150 million to start-up companies

A Cisco office is pictured in San Diego, California November 12, 2012. REUTERS/Mike Blake Cisco’s corporate venture-capital arm said it would deploy $150 million to start-up companies over the next two to three years, accelerating its investments into areas su... More »

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s1.reutersmedia.net/resources/r/?m=02&d=20140430&t=2&i=893007544&w=&fh=545px&fw=&ll=&pl=&sq=&r=CBREA3T0PE000s1.reutersmedia.net/resources/r/?m=02&d=20140430&t=2&i=893007544&w=&fh=545px&fw=&ll=&pl=&sq=&r=CBREA3T0PE000U.S. small business borrowing rises: PayNet

PayNet President William Phelan speaks at the 2011 Reuters Manufacturing and Transportation Summit in New York December 12, 2011. REUTERS/Brendan McDermid U.S. small businesses boosted borrowing in March, signaling a renewal of confidence in growth prospects a... More »

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s1.reutersmedia.net/resources/r/?m=02&d=20140425&t=2&i=891694916&w=&fh=545px&fw=&ll=&pl=&sq=&r=CBREA3O0T5J00s1.reutersmedia.net/resources/r/?m=02&d=20140425&t=2&i=891694916&w=&fh=545px&fw=&ll=&pl=&sq=&r=CBREA3O0T5J00Whirlpool profit misses forecasts on Asia, Latam weakness

A Whirlpool logo is seen on a range door at the Whirlpool manufacturing plant in Cleveland, Tennessee August 21, 2013. REUTERS/Chris Berry Whirlpool Corp (WHR.N) on Friday reported quarterly results below analysts’ expectations as currency and other headwinds ... More »

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Nasdaq plan market for trading stakes in buyout funds: WSJ

Pedestrians walk past the NASDAQ MarketSite in New York’s Times Square in this June 4, 2012 file photo. REUTERS/Eric Thayer/Files Private equity firm KKR & Co LP (KKR.N) plans to allow investors to sell parts of their stake in buyout funds through a new privat... More »

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Apps link people with new places in real world

A woman walks past icons for Apple applications at the company’s retail store in San Francisco, California April 22, 2009. REUTERS/Robert Galbraith Tired of the same restaurants and clubs? Not sure if friends would want to venture to a new cafe or bar? New app... More »

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s1.reutersmedia.net/resources/r/?m=02&d=20140416&t=2&i=887514724&w=&fh=545px&fw=&ll=&pl=&sq=&r=CBREA3F1C7A00s1.reutersmedia.net/resources/r/?m=02&d=20140416&t=2&i=887514724&w=&fh=545px&fw=&ll=&pl=&sq=&r=CBREA3F1C7A00BlackBerry`s meltdown sparks start-up boom in Canada`s Silicon Valley

Major technology companies like Google and BlackBerry provide mentoring services to companies within Communitech in Kitchener’s historic Tannery District in Kitchener, Ontario, March 18, 2014. REUTERS/Euan Rocha The troubles at BlackBerry Ltd, which fired more... More »