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Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.

Uber's $120 bln valuation
Tue, 16 Oct 2018 16:11:23 -0400 - Uber could be valued as much as $120 billion when it goes public next year, according to recent proposals made by U.S. banks and reported by the Wall Street Journal. Fed Katayama reports.
Buy short-term munis, short Tesla: investing ideas from star financial adviser Ron Carson
Tue, 16 Oct 2018 15:13:54 -0400 - The CEO of Carson Group who's on Barron's annual list of top advisers tells Reuters' Fred Katayama that U.S. stocks haven't topped out yet.
Uber value estimate soars ahead of likely IPO
Tue, 16 Oct 2018 15:10:41 -0400 - Ride-hailing company Uber Technologies could be valued at $120 billion, when it finally goes public next year according to proposals made by U.S. banks bidding to run the offering, the Wall Street Journal reported on Tuesday.
U.S. Judge approves settlement between SEC, Musk
Tue, 16 Oct 2018 14:55:15 -0400 - A U.S. judge approved the settlement between the Securities and Exchange Commission, Tesla, and its chief executive Elon Musk. Fred Katayama reports.
Breakingviews TV: Goldman gap
Tue, 16 Oct 2018 13:02:42 -0400 - Oct 16 - New boss David Solomon takes the helm with the Wall Street firm humming along nicely. But Antony Currie and John Foley point out that post-pay revenue per employee is stuck at its 2012 level, while doubling at rival Morgan Stanley. It’s crying out for a Solomon remix.
Profits surge at Goldman Sachs, Morgan Stanley
Tue, 16 Oct 2018 11:05:47 -0400 - Quarterly profit jumped at investment banks Goldman Sachs and Morgan Stanley, helped by growth in equities trading and underwriting. Fred Katayama reports.
A third of Japan Inc hurt by U.S.-China trade war - Reuters poll
Tue, 16 Oct 2018 08:32:34 -0400 - A Reuters poll has found the number of Japanese companies affected by the U.S.-Sino trade war has jumped to a third, soaring from just 3 percent in May with firms fretting about prospects for their exports from China as well as slower Chinese demand. Michelle Hennessy reports.
More banking executives pull out of Saudi investment conference
Tue, 16 Oct 2018 08:30:53 -0400 - The chief executives of HSBC, Standard Chartered and Credit Suisse have pulled out of a high profile conference in Saudi Arabia next week, the latest business leaders to abandon the event amid widespread concern about the fate of a journalist. Francis Maguire reports
Audi fined 800 mln euros for diesel violations
Tue, 16 Oct 2018 08:03:51 -0400 - German premium car brand Audi, a division of Volkswagen, said it was fined 800 million euros on Tuesday for violations tied to six- and eight-cylinder diesel engines which did not conform to anti-pollution standards. As Sonia Legg reports, news of the fine followed comments from Volkswagen's CEO that German carmakers only have a 50 percent chance of surviving as leading players in the auto industry without transforming their businesses.
Global economy: China factory gate prices, Germany's ZEW point to trade gloom
Tue, 16 Oct 2018 08:03:42 -0400 - China's factory-gate inflation cooled for a third straight month amid ebbing domestic demand, pointing to more pressure on the world's second biggest economy as it remains locked in an intensifying trade war with the US. As David Pollard reports, new data also shows Germany's economic outlook is being clouded by the dispute.
Microsoft co-founder Paul Allen dies at 65
Tue, 16 Oct 2018 05:20:33 -0400 - Microsoft co-founder Paul Allen, the man who persuaded school-friend Bill Gates to drop out of Harvard to start what became the world's biggest software company, died on Monday at the age of 65, his family said. Grace Lee reports.
Japan's Abe pledges sales tax hike in 2019
Tue, 16 Oct 2018 03:10:27 -0400 - Japanese Prime Minister Shinzo Abe has pledged to go ahead with an increase in the national sales tax in October next year despite fears it could damage the economy. Francis Maguire reports
Microsoft co-founder Paul Allen dies at 65
Mon, 15 Oct 2018 19:22:22 -0400 - Microsoft co-founder Paul Allen, the man who persuaded school-friend Bill Gates to drop out of Harvard to start what became the world's biggest software company, died on Monday at the age of 65, his family said.
Tech stocks drag down Wall Street
Mon, 15 Oct 2018 17:21:05 -0400 - U.S. stocks ended lower in a choppy trading session on Monday as tech stocks were pressured by lingering worries over interest rates and corporate earnings. Fred Katayama reports.
U.S. companies pull out of Saudi conference
Mon, 15 Oct 2018 17:15:03 -0400 - Ford, BlackRock, JPMorgan Chase and MasterCard are among many U.S. companies that pulled out of the "Future Investment Initiative" conference in Saudi Arabia. Fred Katayama reports.
Sears' first bankruptcy hearing
Mon, 15 Oct 2018 15:23:09 -0400 - Sears' lawyers attended first bankruptcy hearing in White Plains, New York, after the retailer filed for Chapter 11 bankruptcy. Fred Katayama reports.
Which stocks to bet on for the mid-term elections
Mon, 15 Oct 2018 15:03:06 -0400 - FiPlan Partners president Greg Powell outlines to Reuters' Fred Katayama the investment scenarios to play if the Democrats were to retake the House and the Republicans keep control of the Senate.
Icahn steps up VMware fight with Dell
Mon, 15 Oct 2018 14:49:42 -0400 - Activist investor Carl Icahn revealed a stock purchase that makes him the second largest investor in Dell track stock VMware, adding muscle to his fight against a plan that would allow the tech company to return to public markets without an IPO.
Breakingviews TV: Sears no buck
Mon, 15 Oct 2018 13:56:27 -0400 - Oct 15 - Jen Saba explains how bad things have become at famed but faded U.S. retailer Sears, which has filed for bankruptcy protection. Major investor and chairman Eddie Lampert may be at the end of the road.
U.S. tariffs loom at China's biggest trade fair
Mon, 15 Oct 2018 12:39:38 -0400 - China's manufacturing might is front and centre at its largest trade expo, the Canton Fair. But, as Samantha Vadas reports, the thousands of exporters who have turned up to show off their goods are facing an uncertain future as a bitter trade war rages between Beijing and Washington.


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