Target sharpens aim at Amazon, Wal-Mart

Target shares suffered their worst day in almost 20 years after the discount retailer announced plans to ramp up spending to fight off competition from Amazon and Wal-Mart.

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Dow breaks 12-day win streak

Wall Street slipped Tuesday as investors awaited President Donald Trump's address to Congress.

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Snap applies lock-up to IPO shares

Snap, owner of popular messaging app Snapchat, expects investors buying up to a quarter of the shares in its $3.2 billion initial public offering this week to agree not to sell them for a year. Fred Katayama reports.

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Starbucks bets on 'roastery' for Italy debut

Starbucks is making a big bet on Italy, the home of espresso, with plans to debut in Milan late next year with a sprawling, super-premium Reserve Roastery in a turn-of-the-century post office building on Piazza Cordusio. Harvey Biggs reports

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Target cuts outlook

Target sees full-year sales dropping at existing stores. That surprised Wall Street, and shares plummeted. Fred Katayama reports.

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Samsung's Jay Y Lee faces indictment over corruption scandal

Samsung's de facto leader Jay Y Lee faces formal indictment by South Korean prosecutors after his arrest for alleged bribery charges linked to a top-level corruption scandal. Ryan Brooks reports.

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Dow notches 12th straight record close

U.S. stocks ended slightly higher on Monday and the Dow hit a record high close for a 12th straight session as President Donald Trump said he would make a "big" infrastructure statement on Tuesday. Fred Katayama reports.

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SoftBank set to invest $3 bln in WeWork - CNBC

Japan's SoftBank is close to making an investment in U.S. office-sharing startup WeWork expected to be worth over $3 billion, according to CNBC. Fred Katayama reports.

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Amazon, Netflix bask in Oscar glory

Amazon.com and Netflix collected the first Oscars for streaming services, while independent studio A24 won the coveted best picture Academy Award. Fred Katayama reports.

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LSE scuppers Deutsche Boerse merger hopes

The London Stock Exchange all but ends a planned merger with Deutsche Boerse to create Europe's biggest stock exchange by ruling out meeting a European antitrust demand, saying it has strong prospects alone. Ciara Lee reports.

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Breakingviews TV: Apple of Buffett's eye

Robert Cyran and Richard Beales run the rule over the $720 billion iPhone maker's valuation and explain why Warren Buffett isn't stretching far to believe it might reach the $1 trillion mark.

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Relief for French bonds as political jitters ease

French 10-year bond yields have hit a one-month low, pushing other euro zone sovereign yields lower, as polls showed centrist candidate Emmanuel Macron would easily beat the far-right's Marine Le Pen in May's presidential election runoff. Sonia Legg reports

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PwC sorry for Oscar error

PwC has apologised for an embarrassing mix-up at 89th Academy Awards, which saw the wrong film read out as the winner for best picture. Laura Frykberg reports on whether the mishap may have a knock-on effect for the firm.

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Lookahead: 2 percent inflation - a call to action?

Euro zone inflation and the PCE inflation number for the U.S. that the US Federal Reserves looks at closely are due for release in the coming week. If either hit two per cent, it could trigger central bank action. Ciara Lee reports.

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Warren Buffet bets big on Corporate U.S.A.

Billionaire investor and CEO Warren Buffett painted a robust scenario for investing in U.S. companies but warned against doing so through high-fee Wall Street funds in his annual letter to Berkshire Hathaway shareholders.

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Waymo sues Uber for trade theft

Alphabet's Waymo self-driving car unit sued Uber Technologies and its autonomous trucking subsidiary Otto over allegations of theft of its confidential and proprietary sensor technology. Fred Katayama reports.

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Trump vows military build-up

President Donald Trump said he would make a massive budget request for one of the "greatest military buildups in American history" in a feisty, campaign-style speech at CPAC. Fred Katayama reports.

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Dow extends win streak

The Dow managed to stretch its streak of record-setting closes to 11 days. Fred Katayama reports.

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Apple to win an Oscar in 2023 - analyst

Apple will scale its original content spend from less than $200m today to $5-7 billion in five years, and win an Oscar in five years, says an analyst. Fred Katayama reports.

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Breakingviews TV: Mark-to-Mnuchin

The new U.S. Treasury secretary says investors are reacting positively to President Trump's policies. Gina Chon and Jeffrey Goldfarb discuss what happens when the stock rally inevitably reverses.

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Ghosts of past tech IPOs could haunt Snap's debut

Investors are clamoring for the market debut of Snap Inc., the parent of messaging app Snapchat, but early buyer beware, data compiled by Reuters show hot tech IPOs aren't so hot after all.

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J.C. Penney closing up to 140 stores

Hit hard by weak demand for clothing and fierce competition from online retailers, the department store chain is following Macy's footsteps in shutting down stores. Fred Katayama reports.

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'Rocky' joins fight against Japanese overwork

From the "Rocky" theme to cash handouts and early "Premium Friday" finishes, a small but growing number of companies are getting creative with the ways they're getting employees out the door early in a new campaign against Japan's culture of workaholism. David Pollard reports.

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Greek PM: bailout review can be concluded in March

Greek Prime Minister Alexis Tsipras says relations with the country's creditors have turned a page, and expects the bailout review to be concluded in March in an "honorable compromise". David Pollard reports.

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Uber investors slam its ‘destructive culture’

Early investors in Uber posted an open letter to the ride-hailing company on Thursday, lambasting it for failing, despite ample opportunity, to change its "destructive culture".

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"Sins of the past" continue to haunt RBS

Royal Bank of Scotland reports a sharp rise in losses as higher misconduct charges and restructuring costs underscore the challenges facing the lender nine years after it was bailed out in the world's biggest bank rescue. Ciara Lee reports.

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Buy Verizon on Yahoo buy, says Jeff Tomasulo

Vespula Capital's Jeff Tomasulo tells Reuters' Fred Katayama Verizon made a good move in buying Yahoo and is a good buy itself.

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French polls could trigger U.S. volatility, says Peter Kenny

Global Markets Advisory's Peter Kenny tells Reuters' Fred Katayama the wild card that could trigger volatility on Wall Street is the French election.

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Dow extends win streak to 10

The blue chips closed higher for a tenth straight session, but tech stocks dragged the Nasdaq lower. Fred Katayama reports.

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Convergex's Nick Colas on the Fed minutes and rates

Convergex's Nicholas Colas tells Reuters' Fred Katayama the minutes indicate the Fed is a bit more likely to hike interest rates in March.

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German budget surplus soars as economy powers on

Germany posted a record budget surplus last year helped by rising tax revenues and employment and low debt costs. As David Pollard reports, new numbers also show growth quadrupling to 0.4 per cent in Q4.

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Breakingviews TV: Tesla's new gear

The electric-car maker's results did not provide any insight into why its shares have been on a tear. Richard Beales and Jeffrey Goldfarb discuss the growing cult of Elon Musk as a factor.

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Breakthroughs few in next iPhone

Big breakthroughs may take a backseat in Apple's launch of the 10th anniversary iPhone. As Fred Katayama reports, it may be because consumers are holding onto their phones longer.

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Peugeot lifts profitability goal on record year

PSA Group's proposed acquisition of Opel would swiftly create savings and value from the General Motors European division's turnaround and complementary brands. That's the view of the French carmaker's Chief Executive Carlos Tavares who spoke after PSA announced its first dividend in six years and raised its medium-term profitability goal after full-year profit almost doubled.

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Barclays boasts capital boost as legal costs loom

Barclays reports a surprise increase in its core capital ratio, as the bank takes advantage of its rising profits to put money aside for expected demands on its cash from legal issues and worsening global market conditions. David Pollard reports.

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Apple aims for maximum impact with next iPhone

Apple’s iPhone 7 lacked the wow factor, but that may have been intentional as it preps fans for its 10 year anniversary phone, says Reuters Stephen Nellis.

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S&P 500 dips in wake of Fed minutes

The S&P 500 ended modestly weaker, holding losses after minutes from the Federal Reserve's last meeting confirmed a potential near-term rate hike. Roselle Chen reports.

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Airbus resilient despite military plane costs

Airbus has taken a 1.2 billion euro charge for its troubled A400M military aircraft program but has still managed to post better than expected core earnings and revenues for 2016.

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Google’s Waze to compete with Uber - WSJ

Google’s carpool service Waze plans to expand onto Uber's territory, according to The Wall Street Journal. Fred Katayama reports.

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UK economy not so Brexit-proof after all?

Britain's economy accelerated at the end of 2016 but growth for the whole year was weaker than previously thought and there are signs of weakness ahead, data showed, suggesting the Brexit vote will start to take its toll in 2017. David Pollard reports.

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Tourism hubs look to mining crackdown with hope

Pristine waterfalls and crystal clear lagoons may soon be the new economic drivers in the southern Philippines as the government continues its crackdown on erring mines. As Ivor Bennett reports, eco-tourism is being marked for deveopment in order to provide alternative livelihoods for mining.

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Breakingviews TV: Latam trumps populism

Antony Currie and Martin Langfield explain why a second round for Ecuador's presidential election is a victory for sensible politics in the region, but U.S.-inspired jingoism is a threat.

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Lloyds hits 10-year profit high as new era beckons

Lloyds Banking Group has reported its highest full-year profit in a decade, as the taxpayer-backed bank nears a complete recovery from its crisis-era past. David Pollard reports.

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Dish swings to profit, adds subs

The satellite TV and streaming service provider surprised Wall Street by adding thousands of subscribers in the latest quarter. Fred Katayama reports.

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Wall Street mints new highs

Strong retail earnings powered stocks to fresh record highs Tuesday. Fred Katayama reports.

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Snap's NYC road to IPO shrouded in secrecy

Snap co-founder and CEO Evan Spiegel was kept far away from the media Tuesday as the parent of Snapchat kicked off the U.S. leg of its sales pitch to investors ahead of its much anticipated market debut.

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Britain faces 'very hefty' Brexit bill, years of talks, Juncker says

EU chief executive Juncker says Brexit negotiations will take years and come at costs. Rough Cut (no reporter narration)

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Lego's Screaming Cat gets attention at 2017 Toy Fair

Movies, collectibles, and technology were the most prominent trends during 2017 Toy Fair. Lego stood out with its Boost platform for coding blocks. Fred Katayama reports.

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Greece agrees bailout deal, but for how long?

Greeks say they're fed up and angry with constant reforms after Athens and its international lenders agreed in a Eurogroup meeting to work out the next set of measures for the country. Ivor Bennett reports.

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Scuffles break out between demonstrators and police in Rome

Taxi drivers and stallholders demonstrating against the opening of their sectors to competition scuffle with police outside the ruling Democratic Party headquarters in Rome. Rough cut (no reporter narration).

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Breakingviews TV: Witch-Kraft

The proposed $143 bln takeover of Unilever by Kraft Heinz was yanked almost as quickly as it surfaced. Breakingviews editors discuss what leftovers the deal might cook up.

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Economy now top concern for Britons: survey

Britons are now more concerned about the economy than they are about terrorism or immigration, a survey showed on Tuesday, another sign that consumers are feeling increasingly worried about Britain's decision to leave the European Union. As David Pollard reports, the findings come amid signs or rising pressures on prices - and fears over wage growth.

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Tough outlook takes its toll on HSBC

HSBC shares slid more than 6 percent after the company reported revenues fell by a fifth from 2015. As Sonia Legg reports, it underscores the challenge it faces to boost returns amid low global interest rates and slowing economic growth in its core markets of Britain and China.

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BHP boosts payout on commodities surge

Mining giant BHP Billiton has rewarded shareholders with a bigger than expected payout, reflecting a growing confidence across the sector as rising commodity prices delivered a cash windfall. As Ivor Bennett reports, BHP and other miners are basking in a welcome surge in commodity prices on the back of a renewed appetite in China for imported raw materials.

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China's $1 bln Dick Clark deal on shaky ground

There are conflicting reports on the future of Chinese conglomerate Dalian Wanda's $1 billion takeover of the U.S. entertainment franchise Dick Clark Productions. Graham Mackay reports.

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Opel jobs: UK union worries but not Germany

There is growing concern over the future of GM's British Vauxhall plants following reports Peugeot has pledged to continue operating all four of GM's German production sites if the deal goes ahead. As Sonia Legg reports, Peugeot Chief Executive Carlos Tavares is due to discuss the deal with Prime Minister Theresa May this week.

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Why India's IT firms fear "America First"

India's $150 billion IT industry, the cornerstone of a thriving economic partnership with the United States, is on the edge as it closely monitors how U.S. President Donald Trump's administration will manage policies around the outsourcing and movement of skilled workers. Ciara Lee reports

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Amazon plans over 5,000 more UK jobs

Online retailer Amazon is set to create more than 5,000 jobs in Britain this year, boosting its investment in the country once more, even as it prepares to leave the European Union. Saira Jaffer reports.

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Ending still uncertain in Greek debt drama

The review of the Greek bailout programme has been beset by delays and disputes between Athens and its EU and IMF creditors. As Ivor Bennett reports, the disagreements have increased fears that Europe could face a new financial crisis.

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Unilever shares knocked as Kraft retreats

Shares in Anglo-Dutch consumer goods group Unilever drop 8 percent after U.S. rival Kraft Heinz Co abruptly ditches its surprise $143 billion merger proposal. Ciara Lee looks at the reasons for the sudden chage of heart.

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Oscars 2017: Show Me The Money - Part One

Matt Gooderick presents a look ahead to the 89th Academy Awards, taking a closer look at the films up for the big prizes on Oscars night.

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Oscars 2017: Show Me The Money - Part Two

Matt Gooderick presents a look ahead to the 89th Academy Awards, looking at the commercial value of being an Oscar winner, and focusing on India’s role on the international film stage.

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Kraft still hungry after dropping Unilever?

Kraft has withdrawn its proposal for a $143 billion merger with larger rival Unilever, raising questions about whether the U.S. food giant will turn its focus to another target. Jo Webster reports.

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Oscars 2017: Show Me The Money - Part Three

Matt Gooderick presents a look ahead to the 89th Academy Awards, including the business behind the red carpet and meeting the people who style the stars.

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EXCLUSIVE: GM planning largest test of self-driving cars in 2018

General Motors plans to deploy thousands of self-driving electric cars in test fleets in partnership with ride-sharing affiliate Lyft beginning in 2018, two sources familiar with the automaker’s plans said this week, putting GM two-years ahead of industry plans for such a large rollout.

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Physital, movies, and games dominate 2017 Toy Fair

Toy industry is getting ready for 2017 Toy Fair in New York City starting on Saturday. This year, physital is the thing, as in a combination of physical and digital. Elly Park reports.

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Wall Street ekes out gains

Consumer and telecom stocks rallied Friday to offset the decline in energy stocks. Fred Katayama reports.

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EXCLUSIVE: Softbank looking to entice T-mobile for a deal

Japan's SoftBank is prepared to give up control of Sprint to T-Mobile to clinch a merger of the two U.S. wireless carriers, according to Reuters’ sources.

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Trump celebrates rollout of Boeing's new 787-10

U.S. President Donald Trump praises the workers of Boeing in South Carolina for the launch of the new Boeing 787-10 Dreamliner. Rough Cut (no reporter narration).

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Kraft Heinz pursuit of Unilever makes sense - Kamen

Mercadien Asset Management's Ken Kamen tells Reuters' Fred Katayama Kraft Heinz will up its ante for Unilever.

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Unilever's 'no' an unlikely end to Kraft Heinz's pursuit

Even though Unilever rejected a $143 billion merger offer from Kraft Heinz, shares of both companies rocketed to record highs on belief a deal will ultimately get done.

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Breakingviews TV: CNN to CBS?

Jennifer Saba and Richard Beales discuss the possibility that Time Warner, selling itself to AT&T for $85 bln, may be forced by regulators to sell CNN – and why CBS might buy it.

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Deja vu as Greece and lenders race to agree deal

European Union officials have urged Greece and its lenders to conclude a long-overdue bailout review quickly to safeguard economic recovery. But as Ciara Lee reports, with days to go until a key meeting on Monday, Athens is saying it won't ask for "a euro more" from its austerity-wracked citizens.

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Unilever rejects Kraft's $143 billion bid

Kraft Heinz vowed to try to win Unilever over after the Anglo Dutch multinational turned down its bid. As Fred Katayama reports, a marriage would be the third biggest takeover in history.

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Argentina's rising grains supply strains key river

Argentina is looking at ways to develop a key waterway in order to carry more of the country's grains exports. As Ciara Lee reports, a government initiative to boost the economy has left the Parana river struggling to cope with the amount of traffic.

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Could the Nokia 3310 be making a comeback?

Tech blog Venturebeat is reporting that the Nokia 3310, loved for it's long battery life and durable body, will be making a comeback at the Mobile World Congress at the end of the month. Mia Womersley reports

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British consumers battered by Brexit inflation

British shoppers unexpectedly cut back on their spending in January as last year's Brexit vote pushed up inflation, official data showed on Friday, as former Prime Minister Tony Blair issued a rallying cry for peiople to chainge their minds on the decision to leave the EU. Ivor Bennett reports.

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S&P snaps 5-day winning streak

Banks and energy shares pulled the S&P 500 lower, but the Dow managed to eke out a gain. Fred Katayama reports.

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Trudeau tells EU: the world needs you

Canadian Prime Minister Justin Trudeau praised the European Union as an unprecedented model for peaceful cooperation, in a speech to EU lawmakers that contrasted sharply with the critical stance of U.S. President Donald Trump. Fred Katayama reports.

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Why Kevin Kelly likes Facebook over Snap

Recon Capital's Kevin Kelly tells Reuters' FRed Katayama Snap has a lot to do to justify its $18.5 billion valuation.

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Kate Spade to explore strategic options

Kate Spade is bowing to pressure from U.S. hedge fund Caerus Investors, sending the company's shares skyrocketing on Thursday. Fred Katayama reports.

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Breakingviews TV: Snappy pricing

Jeffrey Goldfarb tells Richard Beales why investors will probably struggle to stay away from the nearly $20 bln initial public offering of Snapchat's parent, despite plenty of red flags.

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Banks accused of South Africa FX rigging

South Africa's antitrust investigators are calling for more than a dozen banks to be fined for colluding and manipulating trades in the rand. As Ivor Bennett reports, it could become the latest in a string of penalties handed to lenders around the world for rigging currencies.

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Air France-KLM gets lifts from profit jump

Air France-KLM reports better than expected operating profit for 2016 and says it has made a "resilient" start to 2017 as it promises further cost-cutting efforts this year. Harvey Biggs reports

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Nestle CEO ditches sales target after latest miss

Nestle's new chief executive scraps the food company's long-standing sales target as it reports disappointing annual results, adopting a more cautious tone in an uncertain environment. Sonia Legg reports

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Sales figures grim reading for Opel, Peugeot

General Motors and PSA Group posted weaker European sales in January than any other major carmaker as they discuss a possible purchase of GM's European auto operations by PSA. Ivor Bennett reports.

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'Dishonest' newspapers enjoy ‘Trump bump‘ despite his attacks

The Trump administration's combative view of traditional news media as the "opposition party" and "fake news" is turning out to be the best hope in 2017 for newspapers struggling to attract more digital readers and advertisers.

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Wall Street hits record highs again

Wall Street pushed further into record-high territory on Wednesday, helped by a round of positive economic data and ongoing optimism that President Donald Trump will cut corporate taxes. Soren Larson reports.

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Trump's proposed border tax worries U.S. businesses

Nogales, Arizona, is the biggest importer of Mexican produce by volume and has a lot to lose if the Trump administration moves forward with the tax on goods from Mexico.

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Retailers try to give voice to import tax opposition

U.S. President Donald Trump heralded tax cuts in a meeting with key retail heads, but the CEOs want Trump to drop his import tax plan, fearing it will drive up prices and hurt their business.

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Verizon looking to cut Yahoo deal price - Sources

The biggest known hack ever looking like it will peel off up to $350 million from what Verizon is willing to pay for Yahoo, a source tells Reuters.

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Trump meets with retail CEOs

U.S. President Donald Trump met with CEOs of Target, Best Buy, and six other major retailers to the White House to discuss tax reform and infrastructure. Fred Katayama reports.

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PSA-Opel deal provokes German, UK worries

The bosses of General Motors and Peugeot maker PSA were racing on Wednesday to contain anger in Germany and the UK over their plans for PSA to buy GM's European business, which includes Opel and Vauxhall. Ivor Bennett reports.

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Anthem sues Cigna

Anthem filed a lawsuit against Cigna to block it from walking away from their $54 billion merger deal. As Fred Katayama reports, it comes a day after Aetna and Humana terminated their merger.

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Breakingviews TV: SoftBank storms Fortress

The Japanese telecom titan's $3.3 bln acquisition of a private-equity firm may be a smart, albeit strange, so-called acqui-hire. Tom Buerkle and Jeffrey Goldfarb consider the merits.

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A less than expected profit fall for Credit Agricole

Credit Agricole has exceeded market forecasts despite a $519 million writedown causing a sharp fall in the French bank's fourth quarter profit. But, as Ciara Lee reports, the bank is the latest in France to report falling retail banking revenues, as lenders grapple with mortgage loan renegotiations and declining fee income.

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Retail CEOs draw battle lines over border tax

Executives from some of America's biggest retailers are going to Washington Wednesday to tell President Trump the industry is not on board with his 20 percent import tax plan, sources told Reuters.

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'Yellen trade' keeps stocks riding high

World stocks have hit 21-month peaks and the dollar rose for the 11th straight day, after Federal Reserve Chair Janet Yellen flagged a possible interest rate rise next month during upbeat comments on the U.S. economy. Ivor Bennett reports.

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U.S. firms in China change their tune on trade

Once upon a time, the American business community in China wanted no beef with Beijing, but as China refuses to make good on its promise to open up its markets, a growing number of foreign business leaders are being drawn toward ‘reciprocity’. Graham Mackay reports.

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Philippines' minister steps up mining crackdown

Philippines' environment minister Reginal Lopez has ordered the cancellation of 75 mining contracts, stepping up a campaign to stop the extraction of resources in sensitive areas. As David Pollard reports, the order comes after Lopez shut more than half of the country's operating mines.

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Internment musical hits film theaters

'Allegiance' starring George Takei and Lea Salonga will play at theaters on February 19. As Fred Katayama reports, it may benefit from a "Trump bump."

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Yellen talks, Wall Street hits record

The S&P 500 rallied to a record high for the fourth straight session after Fed Chair Janet Yellen testified before Congress on Tuesday. Fred Katayama reports.

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France's PSA in talks to buy GM's Opel

In a move that could shake up the global auto industry, General Motors and French automaker PSA Group have said they are in talks that could result in PSA buying GM's European auto operations. But, as Ivor Bennett reports, any deal would have to overcome financial, industrial and political obstacles.

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Fed to raise interest rates

The Federal Reserve will likely need to raise interest rates at an upcoming meeting, says Fed Chair Janet Yellen. Fred Katayama reports.

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Yellen: more rate hikes to come despite Trump uncertainty

Federal Reserve Chair Janet Yellen sending a signal that she's ready to raise rates even though policies making their way through the Trump White House could create new uncertainties.

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Murders, thefts in Brazil force Uber to rethink cash payments

A Reuters analysis of crime data obtained by public information request from Sao Paulo’s state security secretariat showed a spike in robberies involving Uber drivers since July, when the company started accepting cash payments in the city, raising questions inside the company as to why it did not act faster to address the problem.

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Tesla's revved up for more gains says Ross Gerber

Ross Gerber of Gerber Kawasaki tells Reuters' Fred Katayama why Tesla shares are poised to gain further ground.

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Companies key as Queen opens Cyber Security Centre

Britain's new National Cyber Security Centre has invited private sector companies to train and collaborate with it on cyber defense, as Queen Elizabeth formally opened its London hub. As Francis Maguire reports, the "NCSC Industry 100" initiative will look to embed people from industry to identify threats and vulnerabilities, and develop advice to combat cyber attacks.

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Breakingviews TV: Moteurs Généraux

Antony Currie and Richard Beales explore why the French maker of Peugeot cars may want to acquire General Motors' European operations and why offloading Opel and Vauxhall could suit GM, too.

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Toshiba delays results but not problems

Japan's Toshiba Corp shocks investors with a last-minute delay to a long-awaited financial update, saying it needs more time to probe its Westinghouse nuclear business. Ivor Bennett reports.

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Rolls-Royce tumbles to record $5.8 bln loss

Rolls-Royce suffers a record headline loss of 4.6 billion pounds ($5.8 billion) as a fine to settle bribery charges and the collapse in the pound from Brexit caps a difficult few years for the British aero engine maker. Harvey Biggs reports

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A Valentine's love bite with a difference

Imported giant water bugs from Thailand were on the menu for a special Valentine's Day-themed event in Tokyo. Ciara Lee reports on the somewhat alternative romantic night out.

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U.S. to tweak trade relations with Canada, Trump says

When asked about his plan to renegotiate NAFTA, President Donald Trump told a news conference Monday that the U.S. has an "outstanding trade relationship with Canada" and will only be "tweaking" trade relations with the northern neighbor. Rough Cut (no reporter narration).

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Trump to 'tweak' trade with Canada

In a joint conference with Canadian Prime Minister Justin Trudeau, President Donald Trump says the United States will be "tweaking" its trade relationship with Canada. Fred Katayama reports.

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Wall Street rises to record highs

A rally in financial and industrial stocks drove the indexes to record levels. As Fred Katayama reports, it pushed the S&P 500's market capitalization above $20 trillion.

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Investors like Trump's walk back on trade

U.S. Bank's Eric Wiegand says Wall Street embraces Trump's "walk back" on his harsh trade stance.

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Apple sets highest closing price ever

Shares of Apple, the world's most valuable tech company, rallied to a record closing high as investors anticipate the 10th anniversary iPhone due later this year.

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From Trump to Brexit, EU sees economy risk

The European Commission said on Monday that uncertainty about U.S. policies, Brexit and elections in Germany and France would take their toll on the euro zone economy this year. Ivor Bennett reports.

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Stocks on the march as "Trump trades" bounce back

World stocks are lifted by a re-emergence of so-called "Trump trades" as investors bet that the U.S. president's tax reform plans will boost economic growth and corporate profits. But as David Pollard reports, not all analysts are in risk on mood.

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Verizon brings back unlimited plan

Verizon launched its unlimited data plan Monday. That's the first time it has offered the all-you-can-eat data plan in five years. Fred Katayama reports.

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Breakingviews TV: Ice sculpture M&A

Antony Currie and Robert Cyran explain why Allergan's $2.5 bln deal for fat-freezing firm Zeltiq offers more certainty of cold, hard cash than some of its other recent acquisitions.

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Britain's Co-op bank up for sale

Britain's Co-operative Bank, rescued from the brink of collapse by a group of hedge funds in 2013, has put itself up for sale as it seeks to build up its capital to meet regulatory requirements. Ciara Lee reports.

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Exports prop up Japan GDP, but protectionism looms

Japan's economy grew for a fourth straight quarter in the final three months of last year as a weaker yen supported exports, but tepid private consumption and the risks of rising U.S. protectionism cast doubts over a sustainable recovery. David Pollard reports.

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Sears, Kmart drop 31 Trump Home items from their online shops

Retailers Sears and Kmart kick 31 Trump Home items from their online product offerings, according to a spokesman, to focus on more "profitable items." Jillian Kitchener reports.

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Trump warns businesses of 'consequences' for leaving U.S.

President Donald Trump warns businesses that are considering relocating their operations abroad, "there will be consequences" for leaving the United States. Rough Cut (no reporter narration).

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Ford pumps $1 billion into self-driving technology

Another big automaker hooks up with a tech startup. The latest deal is Ford, which unveiled its plans to invest $1 billion over the next five years in Argo AI, recently set up by Google and Uber top engineers.

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In a victory for Trump, Fed's Wall Street sheriff resigns

The Federal Reserve Board's top bank regulator said on Friday he would resign, giving a boost to President Donald Trump's plans to ease reforms put in place after the 2007-09 financial crisis.

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Wall Street rises to record highs

A spike in oil prices drove the main indexes to new closing highs for a second straight day. Fred Katayama reports.

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Trump, Abe talk trade, security

President Donald Trump and Prime Minister Shinzo Abe opened two days of talks on Friday, focusing on trade and security. Fred Katayama reports.

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Japan's Abe commits to pursuing free, fair market with U.S.

Japanese Prime Minister Shinzo Abe says he and President Donald Trump have confirmed their will to build a free and fair market based on rules, following Trump's decision to withdraw from the Trans-Pacific Partnership multilateral trade accord. Rough Cut (no reporter narration).

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UK economy again confounds doomsters

British manufacturing grew more strongly than expected in December, showing the economy remained resilient to the end of the year despite June's Brexit vote shock, although 2017 looks likely to be more difficult. Julian Satterthwaite reports.

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Next week could provide a buy opportunity, says Jonathan Corpina

Meridian Equity's Jonathan Corpina also tells Reuters' Fred Katayama that Sears stock may be worth considering.

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Breakingviews TV: Moelis of Arabia

Boutique investment bank Moelis landed a role advising on what could be the world's biggest IPO, of Saudi oil producer Aramco. Antony Currie and Jeffrey Goldfarb discuss the significance.

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Greece's lenders patch up differences

Euro zone lenders and the International Monetary Fund have agreed to put aside differences and present a united front at a meeting with Greece in the latest bailout impasse, a step towards agreeing what Athens must do next. But will the Greek government accept the terms? Laura Frykberg reports.

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Trump's wall to cost $21.6 billion

A Homeland Security Department report seen by Reuters also says the border wall President Trump wants could take more than three years to build. Fred Katayama reports.

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China baby boom seen as key to Reckitt's U.S. deal

Reckitt Benckiser has agreed to buy U.S. baby formula maker Mead Johnson Nutrition for $16.6 billion, taking the British consumer goods company into a new area and expanding its presence in developing markets. Ciara Lee reports

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Mexico avocado growers not afraid of Trump tariff

Avocado farmers in the rolling hillside orchards of Mexico's Michoacan state say U.S. President Donald Trump's threats to tear up a trade deal could make one of America's favourite snacks more expensive, but doubt it will dent exports. David Pollard reports.

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Wall Street surges to record highs

Talk of U.S. President Donald Trump's anticipated tax plan drove the main indexes to record highs. Fred Katayama reports.

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Trump takes aim at U.S. air traffic control spending

U.S. President Donald Trump lamented what he called an out-of-date U.S. air traffic control system, but also criticized current modernization efforts as too expensive. Fred Katayama reports.

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Anthem-Cigna merger blocked

A federal judge ruled against U.S. health insurer Anthem's proposed $54 billion merger with smaller rival Cigna. Fred Katayama reports.

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Twitter sees little benefit from Trump’s love affair

Despite finding a fan in President Donald Trump, Twitter is still struggling to boost subscriber and advertising revenue growth.

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VW infighting as Nissan dealt blow in Seoul

A media report is causing more infighting among former and current VW leadership over the emissions scandal, as a court in South Korea backs up government accusations it too cheated emissions tests. Laura Frykberg reports.

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Germany's trade surplus may fuel U.S. tensions

Germany's trade surplus climbed to a record high in 2016, days after U.S. President Donald Trump's top trade adviser accused Berlin of exploiting a "grossly undervalued" euro to its advantage. Sonia Legg reports.

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Honoured Apple CEO takes aim at Trump

Apple CEO Tim Cook criticises U.S. President Donald Trump's immigration ban on seven Muslim-majority countries during a speech at a Scottish university, where he received an honorary doctorate. Laura Frykberg reports.

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Banks weigh on the Dow

The S&P 500 ended slightly higher on Wednesday as investors digested mixed earnings reports, while the Dow Jones Industrial Average slipped as bank stocks weighed. Angela Moore reports.

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Trump's Nordstrom attack revives business ethics concerns

President Donald Trump attacked Nordstrom after the upscale department store decided not to purchase his daughter Ivanka's clothing line for this upcoming season.

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White House defends Trump criticism of Nordstrom

The White House defended President Donald Trump's criticism of the Nordstrom retail chain on Wednesday, saying the firm's decision to drop his daughter Ivanka's clothing line for the coming season was a politically motivated attack. Rough Cut (no reporter narration).

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Brazil challenges Canada at WTO over Bombardier loans

Brazil opened a formal complaint against Canada at the World Trade Organization on Wednesday, accusing the country of distorting the global aerospace industry with subsidies for planemaker Bombardier. Fred Katayama reports.

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Stocks could pull back in few weeks

First Standard Financial's Peter Cardillo tells Reuters' Fred Katayama stocks could pull back once earnings season ends.

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Intel to invest $7 billion in AZ factory

In a visit with U.S. President Donald Trump at the White House, Intel Corp Chief Executive Officer Brian Krzanich says his company will invest $7 billion in an Arizona factory, employing 3,000 people. Rough Cut (no reporter narration).

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Trump to nix "conflict minerals" rule

President Donald Trump is planning an executive order targeting a rule that requires companies to disclose if their products contain "conflict minerals" from a war-torn part of Africa, according to sources. Fred Katayama reports.

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Older is better for Snapchat's future

As Snapchat parent Snap Inc. prepares for its IPO, getting older users is seen as a key factor in driving its growth and making sure it ends up more like Facebook, than Twitter.

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U.S. Army Corps approves Dakota pipeline completion

The U.S. Army Corps of Engineers will grant the final permit needed to finish the Dakota Access Pipeline, a controversial project to move oil quickly to the U.S. Gulf Coast that sparked protests by Native American tribes and climate activists.

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Euro zone elections and Greece unnerve investors

Euro zone investors are feeling increasingly queezy over the growing sense of risk surrounding elections across Europe, and Greece's bailout. As David Pollard reports, the nerves are driving yields on some bonds sharply higher.

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Breakingviews TV: Tequila priced to sell

Underwriters will uncork Jose Cuervo's IPO at a valuation that is sure to whet investors' thirst despite the political ructions between Donald Trump and Mexico, Tom Buerkle tells Rob Cox.

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Animal spirits boost Time Warner

The film, 'Fantastic Beasts and Where to Find Them," helped sharply boost quarterly revenue at the media giant. Fred Katayama reports.

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Rio Tinto confident amid iron ore boom

Global miner Rio Tinto put its focus on returning cash to shareholders after beating profit forecasts on the back of cost-cutting and a strong recovery in iron ore prices. Laura Frykberg reports.

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Workers at four German airports strike over pay

Ground staff at Berlin's two commercial airports as well as in Hamburg and Stuttgart have staged a temporary strike in a dispute over pay. As Ivor Bennett reports, it's the latest in a series of industrial disputes disrupting services at German airports.

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SoftBank CEO: Trump could help business

SoftBank's CEO Masayoshi Son says the Japanese firm should benefit from President Donald Trump's promised deregulation of the American economy and that he is keeping his options open about U.S. telecoms unit Sprint. David Pollard reports.

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Michael Kors disappoints, stock plunges

Michael Kors reported a bigger-than-expected drop in comparable sales for the holiday quarter, and issued weak forecast, sending its stock down. Fred Katayama reports.

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Trade deficit falls as exports raise

The U.S. trade deficit fell more than expected in December as exports rose to their highest level in more than 1-1/2 years, outpacing an increase in imports. Fred katayama reports.

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First lady Trump settles one lawsuit, files another

First lady Melania Trump has settled a defamation lawsuit against a Maryland blogger, and filled another one against the owner of UK's Daily Mail. Fred Katayama reports.

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Breakingviews TV: City of alights?

A Parisian trade group is trying to woo British bankers as they mull their Brexit plans. Rob Cox and Jeffrey Goldfarb discuss the financial, cultural and political considerations.

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Europe weighs up Trump, German factory slump

Weaker output in manufacturing and construction drove the biggest monthly drop in German industrial production in nearly eight years in December, dashing prospects for robust growth in the final quarter of 2016. And British consumers reined in their spending last month adding to signs that they are turning more cautious as last year's Brexit vote pushes up inflation. David Pollard reports.

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Teva CEO exits amid confidence crisis

The chief executive of Teva Pharmaceutical Industries, the world's biggest maker of generic drugs, has stepped down after three years following a series of strategic stumbles and legal and operational setbacks that sent its shares plummeting. David Pollard reports.

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Paris tries to woo British bankers

More than 80 representatives from banks and business have been meeting with authorities from Paris who are highlighting the attraction of the French capital if Britian's exit from the EU forces the relocation of some activities in continential Europe. Julian Satterthwaite reports

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BNP Paribas takes share hit on profit numbers

BNP Paribas sets out plans to deliver an increased dividend payout and an improved return on equity by 2020, hoping that headwinds it faces, such as low interest rates and regulatory pressures, will ease by then. But, as Sonia Legg reports, large parts of the business struggled in 2016.

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Time to sell some U.S. stocks

Russell Investments' Stephen Wood tells Reuters' Fred Katayama that U.S. stocks have gotten too pricey. He suggests buying European and emerging market shares instead.

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Oil pulls down Wall Street

Stocks fell Monday amid political uncertainty and a decline in energy shares. Fred Katayama reports.

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ECB won't act on temporary inflation spikes: Draghi

Mario Draghi restates the ECB's commitment to monetary stimulus as he addresses the European Parliament in Brussels, the central bank president saying his policymakers would 'look through' short-term changes in inflation. David Pollard reports.

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VW shares sink after Deutsche See sues

Volkswagen is the biggest loser in early trading on Germany's DAX share index after the carmaker is sued by its first big German customer over its diesel-test cheating. Laura Frykberg reports.

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Breakingviews TV: Dodd-Frank rollback

Antony Currie and Richard Beales dissect the future of U.S. bank regulation after Friday's executive order from Donald Trump and comments from his new lieutenant, ex-Goldman No. 2 Gary Cohn.

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Good times ahead for the euro zone - or bad?

Strong industry orders signal a strong start to 2017 for Germany as its exporters continue to gain from a weak single currency - even as its finance minister says the euro may, in fact, be too weak for the euro zone's largest economy. As David Pollard reports, the numbers come alongside a new survey showing Donald Trump weighing on investor sentiment.

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Lockheed signs $8.5 billion F-35 order

Lockheed Martin signed a $8.5 billion deal with the U.S. Department of Defense for 90 F-35 jets. Bobbi Rebell reports.

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Fares and profits down, but Ryanair upbeat

Fares and profits are down at Ryanair, but Europe's largest airline by passenger numbers reaffirms its full-year forecast and says it will use a weak market to expand. Ciara Lee reports.

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Banks, jobs data send Wall Street higher

U.S. stocks climbed on Friday, with the S&P 500 closing just short of a record high, boosted by gains in financial shares as President Donald Trump moved ahead with deregulation action and by a strong payrolls report. Bobbi Rebell reports.

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Trump meets CEOs

U.S. President Donald Trump met with chief executives of major U.S. companies as the business community finds itself increasingly split over how to respond to his policies. Bobbi Rebell reports.

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Nick Colas on how the jobs report impacts the markets

Nick Colas talks with Bobbi Rebell about the latest jobs report and why the news is powering stocks higher.

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Trump targets Dodd-Frank

President Trump's executive order will scale back major regulations, reviewing the Dodd-Frank law and halting a retirement advice rule. Fred Katayama reports.

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Trump prepares attack on historic Wall Street reform

President Donald Trump will begin his plan to scale back major regulations that resulted from the financial crisis aimed at protecting consumers, investors, and retirees.

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Boeing to use 3D printed parts

The aerospace manufacturer's space taxis will use more than 600 parts churned out by 3D printers. As Fred Katayama reports, the parts cut costs and save weight.

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Breakingviews TV: Snap's crackle and pop

In its IPO plan, the vanishing-message app called itself a camera company and disclosed nearly $1 bln of cash-burn over the last two years. Breakingviews columnists look at the big picture.

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January hiring surge gives Trump a head start

U.S. job growth surged more than expected in January, which likely gives the Trump administration a head start as it seeks to boost the economy and employment.

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ChemChina to get EU approval for Syngenta bid?

ChemChina is reportedly set to secure conditional EU antitrust approval for its $43 billion bid for Swiss pesticides and seeds group Syngenta in what would be the largest foreign acquisition by a Chinese company. David Pollard reports.

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Japan readies Trump stimulus mega-plan - sources

Japan is putting together a package it says could generate 700,000 U.S. jobs and help create a $450-billion market, government sources familiar with the plans said. David Pollard reports.

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Banco Popular posts record 3.5 bln euro loss

Spain's Banco Popular has posted a larger-than-expected 3.5 billion euros loss due to extraordinary provisions and one-off charges to clean its balance sheet of toxic real estate assets. Ciara Lee reports.

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U.S. adds 227,000 jobs

Job growth surged in January as construction firms and retailers ramped up hiring. But wage growth decelerated. Fred Katayama reports.

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Boeing’s newest contribution to space travel: 3D-printed parts

Boeing's new Starliner space taxi will be using 600 3D-printed parts when it blasts into space for the first time next year.

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Markets mull China surprise, euro zone PMIs

European shares rise on solid earnings reports and another set of strong PMI numbers out of the euro zone. But as David Pollard reports, Asian shares got a shock when China unexpectedly hiked rates.

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Snap Inc looks to dazzle Wall Street with IPO

The hottest IPO in years is hitting Wall Street. Snap Inc is looking to raise up to $3 billion with its disappearing messaging app.

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Ralph Lauren CEO quits after differences with founder

Ralph Lauren Corp said Chief Executive Stefan Larsson, hired over a year ago to turn the company around, would step down following differences with founder Ralph Lauren over the direction of the luxury brand.

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Wall St stalls as market, Trump priorities diverge; Snapchat going public

U.S. stocks ended little changed on Thursday as the recent rally continued to stall following President Donald Trump's latest comments on trade and the policies he will pursue. Bobbi Rebell reports.

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As Trump targets tech visas, Facebook may get hit

President Donald Trump’s next salvo on immigration could be the tech visas, and Facebook could be hit harder than its other giant Silicon Valley peers.

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Art Hogan on why the market is in a tug of war

Art Hogan of Wunderlich Securities talks with Bobbi Rebell about the conflicting drivers for the US financial markets and how President Trump's trade policies could impact investors.

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Reckitt Benckiser to buy Mead Johnson for $16.7 bln

Reckitt Benckiser Group is in advanced talks to buy Mead Johnson Nutrition in a $16.7 billion deal that would take the British consumer goods maker into the baby formula market and boost its business outside Europe. Bobbi Rebell reports.

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BOE: upbeat on growth, downbeat on Brexit

Sterling and UK government bond yields tumbled on Thursday after the Bank of England appeared to be in no rush to raise interest rates and - despite raising its growth forecasts - flagged the risks posed by Britain's departure from the European Union. David Pollard reports.

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Super Bowl ads getting too expensive - Adweek

Some companies don't mind shelling out $5 million for a thirty second spot during the Super Bowl, but others find cheaper ways to advertise. Bobbi Rebell reports.

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Mobile ads power Facebook's growth

The social networking company's profit more than doubled on surprisingly fast growth of its mobile ad business. Fred Katayama reports.

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Merck's profit soars

The drugmaker massively slashed expenses. As Fred Katayama reports, Merck issued a profit and revenue forecast that was roughly in line with expectations.

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Breakingviews TV: Facebook gets liked

Jen Saba and Tom Buerkle discuss the drivers behind Facebook’s blowout quarter and the challenges its digital dominance poses for Snap as it prepares to release financials for its IPO.

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Amazon's big plans for the sky

Amazon has big plans for the sky and Reuters Jeffrey Dastin brings us the details that highlight the soaring ambitions of the online retailer.

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Mobile and video help boost Facebook

The world’s biggest social media company Facebook is getting bigger fast and showing yet another quarter of strong growth.

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Is Trump on a collision course with the EU?

There are fears Donald Trump is on a collision course with the EU, after the U.S. President's top trade adviser accused Germany of using a "grossly undervalued" euro to gain a competitive advantage.

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Kia to keep exporting cars from Mexico

The automaker plans to keep shipping cars to the U.S. from Mexico despite Trump's "America First" battlecry and threats to impose a border tax and renogtiate the NAFTA trade deal. Fred Katayama reports.

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S&P 500 ends flat, Apple spike lifts Nasdaq

The S&P 500 edged higher on Wednesday to cap a four-day losing streak, buoyed by gains in Apple shares and after the Federal Reserve kept U.S. interest rates unchanged, as expected. Bobbi Rebell reports.

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Ken Kamen on why he changed his Fed rate hike prediction

Ken Kamen, President of Mercadien Asset Management talks with Bobbi Rebell about what in the Fed statement made him believe the Fed would be more aggressive in 2017, and his advice on how investors can make the most of the Trump market.

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Kia vows to keep exporting from Mexico

Kia Motors America COO Michael Sprauge tells Reuters' Fred Katayama Kia will continue to ship cars from Mexico to the U.S. "unless things change."

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Orwell's '1984' back as bestseller

George Orwell's "1984" novel about a dystopian future under an authoritarian regime is back as a bestseller as readers grapple with Donald Trump administration's defense of "alternative facts." Bobbi Rebell reports.

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Mexico business warns against U.S. walls & barriers

Business leaders in Mexico have warned against protectionism in North America amidst posturing from President Donald Trump to build a border wall and renegotiate NAFTA. Laura Frykberg reports

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India budget targets poor ahead of regional polls

India will ramp up spending on rural areas, infrastructure and fighting poverty, Finance Minister Arun Jaitley says as he unveils his annual budget, adding the impact on growth from the government's cash crackdown would wear off soon. David Pollard reports.

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Siemens earnings estimate up, but future uncertain

Top European engineering group Siemens has raised its earnings forecasts after its industrial business profit jumped in the fiscal first quarter. But as Laura Frykberg report the CEO admits he is worried about development in the U.S. since Donald Trump became President.

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Breakingviews TV: Apple's bounce

The iPhone maker's market value gained $35 bln after reporting fiscal first-quarter profit of nearly $18 bln and pledging to double revenue from services. Rob Cox and Rob Cyran discuss.

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McDonald's - the 'Russian' restaurant

A symbol of American culture, McDonald's in Russia is not rushing to boast of its origin even as Washington's ties with Moscow are expected to improve.

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Amazon to build big air cargo hub

The online retailer is leasing 900 acres of property. As Fred Katayama reports,

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Consumers wooed despite VW woes

Volkswagen AG has agreed to pay at least $1.26 billion to fix or buy back nearly 80,000 polluting vehicles - and could be forced to pay up to $4.04 billion more, But, as Laura Frykberg reports, the emissions scandal hasn't stopped them overtaking Toyota as the world's top auto maker.

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Under Armour shares crumble

Shares of Under Armour plunged as much as 26 percent as quarterly results show the athletic gear maker is losing ground to larger rivals Nike and Adidas.

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Global economy: PMIs up as Trump talks dollar down

Factories across the globe started 2017 on a positive note, maintaining or ramping up activity, in a sign the global manufacturing revival from late last year is carrying on. David Pollard reports.

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iPhone 7 still has juice to help Apple sales

The iPhone 7 may have gotten a lot of slack for getting rid of the earphone jack, but it's helped Apple find growth again after three quarters of iPhone sales drops.

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Deutsche Bank fined for sham Russian trades

Deutsche Bank has agreed to pay $630 million in fines for organising $10 billion in sham trades that could have been used to launder money out of Russia.

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