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Business News

Murdoch's Twenty-First Century Fox bids $14 billion for UK's Sky
NEW YORK/LONDON (Reuters) - Rupert Murdoch's Twenty-First Century Fox Inc has struck a preliminary deal to buy the 61 percent of British pay-TV firm Sky Plc it does not already own for around $14 billion, five years after a political scandal wrecked a previous bid.
Fri, 09 Dec 2016 20:10:14 -0500


Hawkish Fed a potential speed bump for stock bulls
NEW YORK (Reuters) - Next week's Federal Reserve meeting and possible signals on the pace of rate hikes for next year could pose the biggest risk yet to the rally the U.S. stock market has seen since last month's presidential election.
Fri, 09 Dec 2016 20:20:34 -0500


Coke CEO Muhtar Kent hands reins to Quincey in widely expected move
(Reuters) - Coca-Cola Co said on Friday that Muhtar Kent would step aside as chief executive next year and be replaced by James Quincey, a company veteran credited with several recent changes to help the company cut its dependence on sugary drinks.
Fri, 09 Dec 2016 13:58:00 -0500


U.S. agency concerned about destroyed, lost phones in VW probe
WASHINGTON (Reuters) - A U.S. agency involved in settlement talks with Volkswagen AG over its diesel emissions scandal has raised concerns about nearly two dozen mobile phones destroyed or lost by the German carmaker.
Fri, 09 Dec 2016 16:19:57 -0500


All eyes focused on clues for future Fed hikes
PARIS (Reuters) - Just how fast the Federal Reserve hikes rates next year will be the all-important question global investors will be hoping to get answered when the U.S. central bank meets next week.
Fri, 09 Dec 2016 20:37:15 -0500


Ex-Cantor Fitzgerald mortgage bond trader indicted in U.S. for fraud
(Reuters) - A former Cantor Fitzgerald trader has been indicted on charges that he defrauded investors by lying about the price of mortgage bond transactions he handled for them after the financial crisis, U.S. prosecutors said on Friday.
Fri, 09 Dec 2016 20:54:15 -0500


Exxon CEO is now Trump's secretary of state favorite -transition official
GRAND RAPIDS, Mich. (Reuters) - Exxon Mobil Corp Chief Executive Officer Rex Tillerson emerged on Friday as President-elect Donald Trump's leading candidate for U.S. secretary of state, a senior transition official said.
Fri, 09 Dec 2016 22:08:07 -0500


Trump names Dow Chemical CEO Liveris to head Manufacturing Council
(Reuters) - President-elect Donald Trump said on Friday he would name Andrew Liveris, chairman and chief executive of Dow Chemical Co, to head the Manufacturing Council, a private sector group that advises the U.S. secretary of commerce.
Fri, 09 Dec 2016 21:15:03 -0500