U.S. House passes healthcare bill in big Trump victory

The House of Representatives approved a bill to repeal major parts of Obamacare, handing President Donald Trump his biggest legislative victory, but setting up a tough fight in the Senate. Fred Katayama reports.

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Wall Street ends flat

Healthcare stocks rallied as the House passed an amended healthcare bill. But as Fred Katayama reports, a drop in crude prices kept a lid on the markets' advance.

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Breakingviews TV: Facebook’s ad machine

The social network keeps raking in the advertising dollars, but Jen Saba, Rob Cyran and Tom Buerkle discuss how saturation and controversy over violent videos could slow its growth momentum.

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Plea for billions to rebuild Iraq's war-torn Mosul

Bustling markets have sprung back into life in eastern Mosul, but the city's destroyed infrastructure and economy could take at least five years and billions of dollars to rebuild. Sara Hemrajani reports.

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Viacom's profit beats targets

Quarterly profit plunged 60 percent at the media giant. But as Fred Katayama reports, its earnings results handily beat analysts' forecasts amid its drive to turn itself around.

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China's Silk Road threatens Mekong River

As China pushes ahead with its massive trade network spanning Asia and Europe, fears are growing for the future of a section of the Mekong River between Thailand and Laos, which Beijing wants to blast with dynamite in order to allow 500kg freight ships to pass. Andrew Marshall reports.

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Fed signals June rate hike, says Greg McBridd

The Fed leaves room for two more rate hikes this year, Bankrate's Greg McBridge tells Reuters' Fred Katayama.

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Uber at the center of a high stakes lawsuit

Uber's court room battle with Google's Waymo over trade secrets of self driving cars could have dire consequences for the ride sharing company.

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High times as earnings boost European stocks

Euro zone businesses have raced into the second quarter, turning out their best performance in six years, according to new data. As David Pollard reports, European giants Shell and HSBC reflected the trend with better than expected first quarter results.

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Facebook warns again on ad growth, shares dip from high

Facebook shares dipped from a record high after the company warned that advertising revenue growth would likely come down from current high levels. Ben Gruber reports.

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Wall St slips as Fed holds on rates

Wall Street ended slightly lower after the U.S. Federal Reserve held interest rates unchanged and investors digested another heavy round of earnings reports. Roselle Chen reports.

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Puerto Rico files biggest ever U.S. local government bankruptcy

Puerto Rico's financial oversight board on Wednesday filed for a form of bankruptcy protection, touching off the biggest bankruptcy in the history of the U.S. municipal debt market.

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Tech stocks attractive despite run-up, says U.S. Bank's Eric Wiegand

Tech and select healthcare stocks still have room to rise, U.S. Bank's Eric Wiegand tells Reuters' Fred Katayama.

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Microsoft, Apple scramble to keep up with Google school success

For most educators and school districts, Google's Chromebook is now the computer of choice. Microsoft's announcement of new education products shows the company's determination to reverse that.

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Fed holds interest rates steady

U.S. central bank policy makers downplayed weak economic growth. That's a sign they could rase rates as early as June. Fred Katayama reports.

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Bitcoin soars to all-time high near $1,500

Bitcoin further pushing closer to $1,500 as it surges to record territory as Japan approves the digital currency as a legitimate form of payment.

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Breakingviews TV: Hold the iPhone

Apple is increasing dividends and stock buybacks in the run-up to the 10th anniversary of its pioneering smartphone. Rob Cyran and Jeffrey Goldfarb discuss whether it's enough to satisfy investors.

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Eagles sue Hotel California

The American soft rock band filed a suit accusing the owners of a Mexico hotel of using the name of its hit song, "Hotel California." Lisa Bernhard reports.

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Euro zone growth outstrips U.S. in Q1

The euro zone economy has started the year with robust growth that the United States and set the stage for a strong 2017. As David Pollard report, the preliminary estimates may weaken the eurosceptic parties that have gained ground in EU states - but could also raise further questions over whether the ECB's asset-purchase programme is appropriate.

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Battle over Brexit bill payment

Britain's Brexit minister David Davis dismisses a Financial Times report over the bill that Britain could face when it leaves the European Union. Laura Frykberg reports.

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"Kong" powers Time Warner profit

"Kong: Skull Island" and "The LEGO Batman Movie" drove the media giant's quarterly profit and revenue sharply higher. Fred Katayama reports.

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Trading powers BNP Paribas profit

BNP Paribas has reported a 4.4 percent rise in quarterly profit, topping analysts' expectations. As Laura Frykberg reports, a surge in fixed income and equities trading helped offset weaker retail banking in France and Italy where revenue fell.

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VW brand reform drive sees profit rise

Volkswagen has reported one of its highest-ever quarterly group profits even as vehicle sales in its core VW brand declined. As Laura Frykberg reports, it's a sign that long-overdue cost cuts are materializing as the carmaker pushes to overcome its emissions scandal.

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Britain and EU must agree way of settling accounts - Barnier

The EU's chief Brexit negotiator, Michel Barnier, says the UK and the EU need to agree on a clear way of calculating how much Britain owes the bloc. Rough cut (no reporter narration).

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Africa cocoa producers losing to low global prices

Ghana has missed out on nearly $1 billion in export earnings due to a steep decline in global cocoa prices that has also forced Ivory Coast to slash its 2017 budget. David Pollard reports.

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Apple posts surprise dip in iPhone sales

Apple reported a surprise fall in iPhone sales for its second quarter on Tuesday, indicating that customers may have held back purchases in anticipation of the 10th-anniversary edition of the company's most important product later this year.

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Is Tesla getting into the upcycling game?

A northern California recycling company lists two Tesla executives as officers – a possible sign that the company’s commitment to re-using materials may be deeper than the industry thought.

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Airlines threatened with legislation after United dragging

U.S. lawmakers threatened United Airlines and other U.S. carriers on Tuesday with legislation aimed at improving customer service after a passenger was dragged down the aisle of an overbooked flight last month.

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Apple falls; Wall Street rallies

Disappointing iPhone sales pressured Apple stock after hours. Earlier, as Fred Katayama reports, tech and industrial stocks helped lift the markets.

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U.S. lawmakers eye airline legislation

Lawmakers threatened United Airlines and other carriers with legislation to force improvements as they expressed disgust after a passenger was dragged off an overbooked flight last month. Fred Katayama reports.

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Infosys to hire 10,000 U.S. workers

India-based IT services firm Infosys plans to hire 10,000 workers in the next two years and open four technology centers in the United States. Alicia Powell reports.

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Breakingviews TV: Money-management woes

Antony Currie and Tom Buerkle explain how AllianceBernstein CEO Peter Kraus’s ouster fits into the tough battle active managers are fighting as passive funds win assets and crush fees.

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Cost fears as Tokyo toughens tobacco laws

A battle over an anti-smoking law in Tokyo is becoming increasingly intense as the city prepares to host the Olympics. As Laura Frykberg reports, bars and restaurants are worried about their businesses and a ban could cut into government tax revenues, at a time when Japan's tax-paying population is shrinking

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United CEO testifies before House committee

The chief executive of United Airlines sat down before a House panel on Tuesday to testify about the forced removal on April 9 of a passenger from a Chicago flight, an incident that drew international condemnation.

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United CEO takes responsibility for passenger incident

United Airlines CEO Oscar Munoz apologizes for a series of failures that led to the April 9 forced removal of passenger David Dao from a United flight in Chicago. Rough Cut (no reporter narration).

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BP's profit triples on higher oil prices and output

BP's profit nearly triples in the first quarter of 2017 from a year earlier, buoyed by rising oil prices and production that hit a five-year high. But as Sonia Legg reports, debt also piled up in order to pay for acquisitions and costs for the 2010 Gulf of Mexico spill.

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Greeks angry after leaders cut deal with lenders

Promising to cut pensions and give taxpayers fewer breaks, Greece has paved the way for the disbursement of further rescue funds from international lenders and possibly opened the door to reworking its massive debt. Laura Frykberg reports

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Refurbs and rental jets in vogue for China's elite

China's rich are opting for second-hand private jets or rentals instead of new planes. Reuters Brenda Goh explains what's driving them to shun these flashy symbols of wealth.

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Apple, tech lift Wall Street

Wall Street got a boost from gains in Apple and other big tech stocks that more than offset weak economic data and pushed the Nasdaq to another record high. Angela Moore reports.

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The $1 trillion budget deal

The House is likely to vote first on the package, probably early in the week, and send it to the Senate for approval before Friday's midnight. Alicia Powell reports.

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Hamas to drop call for Israel's destruction: sources

The Palestinian Islamist group Hamas will drop its longstanding call for Israel's destruction as well as its association with the Muslim Brotherhood in a new policy document to be issued on Monday, Gulf Arab sources said.

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Breakingviews TV: Deal finance 101

Purdue University is buying online diploma factory Kaplan in a first-of-its-kind-transaction. Kate Duguid and Jeffrey Goldfarb discuss whether the idea makes the grade.

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Hedge funds snap up J. Crew debt

Hede funds Anchorage and Blackstone's GSO are buying more of J. Crew's debt, hoping for a profitable trade that could also give the U.S. fashion retailer more time to stave off bankruptcy. Roselle Chen reports.

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U.S. lawmakers reach deal averting shutdown

Negotiators in the U.S. Congress reached a deal late on Sunday on around $1 trillion in federal funding that would avert a government shutdown later this week, while handing President Donald Trump a downpayment on his promised military build-up.

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Week ahead: all change for France, but not for Fed?

It could be 'all change' for France's political leadership as Emmanuel Macron and Marine Le Pen face off in the second round of a presidential election. But, as David Pollard reports, 'no change' is expected as the Federal Reserve meets for its latest policy decision.It could be 'all change' on the political front as Emmanuel Macron and Marine Le Pen face off in the second round of France's presidential election. But, as David Pollard reports, 'no change' is expected as the Federal Reserve meets for its latest policy decision.

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