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Uber should have given court an ex-employee's letter about 'fraud and theft' in Waymo case

By Heather Somerville SAN FRANCISCO (Reuters) - Ride hailing company Uber was obligated to turn over to a U.S. federal judge a letter from a former employee that told of the company's "fraud and theft" and mentioned evidence of stolen trade secrets nailed "...

Friday, December 15, 2017, 9:35 PM

Healthcare draws election-year worry, but 2016 repeat not seen

By Lewis Krauskopf NEW YORK (Reuters) - With another election year looming, investors in the healthcare sector are wary the coming months could reopen wounds suffered during the 2016 U.S. presidential race. Healthcare becoming as a hot an issue...

Friday, December 15, 2017, 8:55 PM

P&G appoints Peltz to board despite losing proxy battle

By Siddharth Cavale (Reuters) - Procter & Gamble Co <PG.N> 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. The company's...

Friday, December 15, 2017, 6:41 PM

Hamburger chain Wendy's to reduce antibiotic use in beef supply

By Tom Polansek CHICAGO (Reuters) - Hamburger chain Wendy's Co <WEN.O> laid out plans on Friday to trim the use of antibiotics that are important to human medicine from its beef supply, the latest step by a food company to fight concerns about...

Friday, December 15, 2017, 6:35 PM

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

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 <DIS.N> plan to buy a number of Twenty-First Century Fox Inc <FOXA.O> businesses...

Friday, December 15, 2017, 5:35 PM

U.S. Justice Department, AT&T settlement talks failed: court filing

WASHINGTON (Reuters) - The U.S. Department of Justice and AT&T Inc <T.N> have held unsuccessful settlement talks over the wireless and pay-TV company's bid to buy movie and TV show maker Time Warner Inc <TWX.N>, the two sides said in a court filing on...

Friday, December 15, 2017, 4:45 PM

Bitcoin hits new record high as warnings grow louder

By Jemima Kelly LONDON (Reuters) - Bitcoin blasted to another all-time high of almost $18,000 on the Bitstamp exchange on Friday, up 9 percent on the day, as warnings grew over...

Friday, December 15, 2017, 4:45 PM

Exclusive: Aston Martin owners rev up for 2018 exit with Lazard hire

By Pamela Barbaglia and Ben Martin LONDON (Reuters) - Aston Martin's owners have hired Lazard to prepare for a stock market listing or sale of the British sportscar maker made famous by fictional spy James Bond, sources familiar with the matter told Reuters...

Friday, December 15, 2017, 2:40 PM

Lockheed to partner with Aerion to develop supersonic business jet

By Mike Stone WASHINGTON (Reuters) - Lockheed Martin Corp <LMT.N>, the maker of the F-35 and F-22 fighter jets, is partnering with plane maker Aerion Corp to develop the world's first supersonic business jet. Over the next year, the...

Friday, December 15, 2017, 1:55 PM

Wall Street rally sets the stage for big IPO year in 2018

By Sweta Singh and Ankur Banerjee (Reuters) - A relentless bull-run in U.S. stock indexes this year has set the stage for a strong IPO market in 2018, with several multi-billion dollar firms including Airbnb and Spotify widely expected to grab headlines...

Friday, December 15, 2017, 1:30 PM

Exclusive: FCC plans to fine Sinclair $13.3 million over undisclosed commercials

By David Shepardson WASHINGTON (Reuters) - The Federal Communications Commission plans to fine Sinclair Broadcasting Corp $13.3 million after it failed to properly disclose that paid programming that aired on local TV stations was sponsored by a cancer...

Friday, December 15, 2017, 12:41 PM

Embraer sees 2024 commercial launch for Uber flying cabs

SAO PAULO (Reuters) - A network of electric aircraft Uber Technologies Inc is developing with Embraer SA is likely to launch commercially in 2024, the Brazilian planemaker's chief executive said on Friday, adding a year to the latest forecast from the ride-hailing company...

Friday, December 15, 2017, 12:25 PM

Big U.S. banks engage universities to fill unglamorous banking jobs

By Olivia Oran (Reuters) - Banks are grappling with how to recruit young people into businesses like trade finance and cash management, which are increasingly important drivers of revenue but perceived to be un-sexy compared with investment banking and...

Friday, December 15, 2017, 12:15 PM

U.S. court dismisses $3 billion suit against Deutsche Bank by Jewish family heirs

FRANKFURT (Reuters) - A U.S. district court in Florida has dismissed a lawsuit by the heirs of a prominent Jewish family seeking $3 billion from Deutsche Bank. The Wertheim Jewish Education Trust, in a suit filed in January, said heirs of the German...

Friday, December 15, 2017, 12:10 PM

Exclusive: Safran, Zodiac deal expected to win unconditional EU approval - source

By Foo Yun Chee BRUSSELS (Reuters) - French aero engine maker Safran <SAF.PA> is set to secure an EU green light for its $7.7 billion bid for aircraft seat maker Zodiac Aerospace <ZODC.PA> to create the world's third-largest aerospace...

Friday, December 15, 2017, 11:55 AM

Unilever to sell spreads business to KKR for $8 billion

By Greg Roumeliotis (Reuters) - Unilever <ULVR.L> has agreed to sell its margarine and spreads business to U.S. private equity firm KKR <KKR.N> for 6.83 billion euros ($8.04 billion) to concentrate on faster growing products. The...

Friday, December 15, 2017, 11:40 AM

EU court rejects U.S. intervention in Apple's Irish $15 billion tax case

By Foo Yun Chee BRUSSELS (Reuters) - Europe's second-highest court has rejected a request from the U.S. government to intervene in Apple's challenge against an EU order to pay back taxes of up to 13 billion euros ($15.3 billion) because it failed to prove a...

Friday, December 15, 2017, 11:35 AM

Steinhoff's ex-chairman Wiese calls off $2.6 billion Shoprite deal

By Tiisetso Motsoeneng JOHANNESBURG (Reuters) - South African tycoon Christo Wiese on Friday called off plans to sell his stake in grocer Shoprite <SHPJ.J> to Steinhoff's African arm <SRRJ.J>, a day after he resigned from Steinhoff's board in the...

Friday, December 15, 2017, 10:31 AM

Harvard to outsource real estate investment to Bain Capital

(Reuters) - Harvard University's endowment will shift its real estate investment staff on Feb. 1 to private equity firm Bain Capital, which will establish a new property business. The approximately 20 members of Harvard Management Co's real estate investment...

Friday, December 15, 2017, 10:11 AM

Chairman of Brazilian conglomerate Odebrecht to step down: paper

SAO PAULO (Reuters) - Emílio Odebrecht will resign as chairman of the board of the scandal-plagued Brazilian engineering conglomerate Odebrecht SA in the first half of next year, newspaper O Estado de S. Paulo reported on Friday, citing an unnamed source....

Friday, December 15, 2017, 9:36 AM