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http://www.reuters.com/article/us-usa-trump-russia-complaint-idUSKBN1942R1
http://www.reuters.com/article/us-usa-trump-russia-complaint-idUSKBN1942R1
Trump legal team delays filing leak complaint against Comey
null
null
['Karen Freifeld']
01-01-2021
reuters.com
null
success_wayback
gen
183,825
[0.949999988079071]
["WASHINGTON (Reuters) - The U.S. legal team for ousted U.S. director of national intelligence James Comey has delayed its request for public comment about the leak of a covert letter from President Donald Trump to Comey, saying it did not yet know how the leak unfolded.\nFILE PHOTO: Russia's Ambassador to the United States Dan Coats speaks to reporters at the United Nations in Geneva, Switzerland, August 8, 2018. REUTERS/Denis Balibouse/File Photo\nComey has been dogged by a leak of his own own email since the start of the presidential campaign and has raised questions about whether he could have been compromised.\nThe move is believed to be just days after emails from the president-elect ended up in the public domain, paving the way for leaks to follow Comey’s decision to move to avoid charges of impropriety.\nTrump has previously said the letter, “an op-ed,” was a written legal opinion.\nThe U.S. government declined to comment.\nThe White House declined to comment on the delay.\nThe move comes amid mounting legal challenges of the leaks to the public by members of the Trump transition team. Trump’s lawyers were preparing to file legal action against Democratic US senators last week who insisted they would drop civil lawsuits over the Comey leak.\nA week earlier, another key Trump campaign adviser, Former New York Mayor Rudy Giuliani, quit his position on the president-elect’s transition team.\nAt a preliminary hearing for former FBI Director James Comey last month, Comey told an FBI agent that a top national security official had sent him an email in which he wrote that “the FBI is on the trail of Moscow.”\nIn May 2018, Comey also tweeted that he was being questioned “in an official capacity as Director of the FBI by a terrorist organization.”\nThe “Russia” allegations are part of the ongoing probe into Trump’s election campaign and whether he ordered Russia to meddle in the 2016 election to try to help him.\nIn June, Trump withdrew from an order issued by his national security adviser to meet with the Russians on the eve of the midterm elections and on the eve of the president-elect’s inauguration.\nComey had spoken to the president-elect on Wednesday, according to a person with knowledge of the phone call.\nTrump’s legal team is due to file an objection on Wednesday to Comey’s October 7 letter to Comey in which he discussed concerns that a top national security official had said Russian meddling in the 2016 election was a “hoax.”\nTrump, in the letter, also asked for Comey’s resignation and threatened “to be fired by Chairman Comey” if he did not resign.\nHe has criticized Comey’s handling of the probe into whether the Trump campaign colluded with Russia to tilt the election in his favor.\nComey has said there was no evidence of coordination between Russian agents and Trump’s campaign during the 2016 election.\n"]
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1,501
http://www.reuters.com/article/us-usa-trump-healthcare-idUSKBN19425D
http://www.reuters.com/article/us-usa-trump-healthcare-idUSKBN19425D
Trump hosts lunch with Republican senators, Obamacare repeal on menu
null
null
['Susan Cornwell and Ayesha Rascoe']
01-01-2021
reuters.com
null
success_wayback
gen
183,827
[0.949999988079071]
["U.S. President Donald Trump speaks to guests of the Ronald Reagan Presidential Library, which is being renovated in Los Angeles, California, U.S., January 1, 2017. REUTERS/Lucy Nicholson\nWASHINGTON (Reuters) - U.S. President Donald Trump took to the White House on Thursday to plan a bipartisan meeting with Republican senators facing reelection next year and sent a sign-off to other top Republicans on the top issue of his first 100 days in office: Obamacare.\nWith insurance markets across the country plunged after the Trump administration said it would dismantle much of the law of the United States, Trump on Wednesday headlined an event at the New York City Museum of Natural History to highlight how reauthorizing Obamacare represents one of the signature issues of his presidency.\nThe president stopped by the museum to bring his wife, Melania, along to the meeting, where he had lunch with his staff, and discussed the approach to Obamacare that helped shape his 2016 campaign.\nTrump pointed to the industry and encouraged lawmakers to sign up and take Medicaid expansion - a core element of Obamacare - which he said would start being expanded in 2020, despite lagging performance in the Senate and House of Representatives.\nIn an onstage moment, Trump congratulated U.S. Senator Rob Portman of Ohio for an eye-opening win last month in a tough Republican primary race where he had an advantage in Republican primary voters.\nPortman, 45, and Portman, 42, are certain to be the Republican nominees for the GOP nomination for the November election.\nSlideshow (4 Images)\n“This isn’t a test. This is actually a building, a guest. We understand how important Obamacare is. We’ve all gotta take part,” Trump said of the office of the president in a brief, 90-minute roundtable.\nSince taking office in January 2017, Trump has secured 75 Republican defections and dispatched, sometimes awkwardly, his top aides to a signal that he is seeking to move quickly on Obamacare repeal and replace.\nThough still the battle's center, the repeal and replacement of Obamacare is tipped to boost Republicans’ fortunes in the mid-term elections later this year. They are also headed to next year’s congressional elections with four of their first eight seats in competitive congressional districts.\nHealth care ranks third in the Republican’s re-election hopes, just behind military service and presidential campaigns in North Carolina and Georgia.\nHe has repeatedly boasted about his achievements, arguing his focus has been to repeal Obamacare and then reauthorize or roll back key aspects of the law. In February, Trump visited a summer camp in California to promote the federal plan, and on Monday he praised the plan as a “second chance.”\n"]
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1,502
http://www.reuters.com/article/us-nasdaq-bats-marketclose-idUSKBN1942GM
http://www.reuters.com/article/us-nasdaq-bats-marketclose-idUSKBN1942GM
Nasdaq seeks to block Bats push for market-close orders
null
null
['John McCrank']
01-01-2021
reuters.com
null
success_wayback
gen
183,828
[0.949999988079071]
['NEW YORK, Jan 1 (Reuters) - Nasdaq OMX Group Inc\'s decision to block Nasdaq OMX Group Inc from starting future benchmark orders rests with top competitor BATS Global Markets and could threaten the dominance of the exchange operator in the swaps and core floor trading industry, a U.S. regulator said on Wednesday.\nNasdaq is in a battle with BATS in the United States and Singapore for supremacy in the traders-traded clearing of stock trades.\nBATS and Nasdaq rejected Nasdaq OMX\'s proposal to conduct a fleet of 21 block orders that would allow them to settle trades in BATS\' product, a system that uses daily core trades to help determine spreadworthiness and instant liquidity.\nThe dispute put BATS in a class of BATS traders that many believe is par for the course and may result in the U.S. unit losing some of its advantages compared with their proprietary trading systems.\n"This is a major move, especially at this time of the year when they are active," said Steven Waddell, a data scientist at U.S. central bank officials\'\nthe rate commissions. "One on the other hand, wouldn\'t it be wrong for BATS to start pushing the notion of an increase in its trading volume? They could be competing with the Street as well."\nThe existence of system that delivers daily $20 swaps, each for 30 days at a maximum of $500, was thought to make BATS an easy tool for Wall Street traders to move their trade trades more swiftly and efficiently. BATS offered to give the 21 orders to traders at the same time, but Nasdaq said the proposal was needed to comply with the exchanges\' order for a replacement program.\nNasdaq failed to show that the items would ensure the coverage for positions the exchanges aren\'t willing to trade.\nThe price changes would be further complicated by the fact that the market rules require BATS to be based on the daily core trades, not core liquidity, traders say.\nOn Wednesday, Nasdaq and BATS filed a joint motion to block the order, saying the private exchanges were on notice that they could block the order if Nasdaq OMX and BATS step in as competitors, extending the case into a third week.\nNow, U.S. Justice Department officials have recommended that Nasdaq that it consider refusing to sell its initial order to BATS.\n"Unless the request to block, the case is now closed," U.S. Assistant Attorney General David Cavideau said. "The exchanges are confident that they will now have to manage their relationship with BATS, as this would be a major step in the battle for access to the new exchanges."\nJustice Department officials declined to comment on their proposal.\nUnder the current system, BATS buys, sells, commissions and maintains contract positions to traders. Nasdaq OMX uses the platform for ICE Futures Europe LLC and a proprietary product called ECX.\nBATS currently has only about 3 percent of the market for so-called non-GAAP derivative trades and, according to research firm PIRA, it has a large need for technology that will enable other exchanges to move with speed.\nThe Jan. 1 order was to be the first large deal to be finalized involving BATS at an auction, paving the way for another, large deal to be bought for about $650 million, according to PIRA.\n']
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1,503
http://www.reuters.com/article/us-toshiba-accounting-idUSKBN19432L
http://www.reuters.com/article/us-toshiba-accounting-idUSKBN19432L
Japan government-led bid for Toshiba chip unit to include SK Hynix: sources
null
null
['Taiga Uranaka and Se Young Lee']
01-01-2021
reuters.com
null
success_wayback
gen
183,829
[0.949999988079071]
['TOKYO (Reuters) - Japan’s government-led panel set up to buy electronics company Toshiba Corp’s chip unit is considering the acquisition of a controlling stake in SK Hynix Semiconductor Ltd, people familiar with the matter said, in a bid to head off a legal showdown over Toshiba’s nuclear reactor unit.\nFILE PHOTO: People take off on the roof of the Toshiba Corp. building in central Tokyo, Japan, July 20, 2017. REUTERS/Toru Hanai/File Photo\nA second source told Reuters that the government-led bid for Toshiba’s chip unit would be announced at the end of this month, but that could be delayed if the board resolves a dispute with the Financial Services Commission over the price structure of the offer.\nTokyo could keep the proposal confidential until the civil proceedings against Toshiba are resolved, the source said. Reuters could not immediately verify the information.\nA related question is whether the council will approve any deal that would lessen the government’s veto over the asset sale, adding to the uncertainty for a government-led initiative.\nThe chances of the government opting to sell all of Toshiba’s assets increased amid concerns about the global fallout from a nuclear scandal, specifically fire safety concerns at a central bank clearinghouse.\nUnder a January 29 auction, Toshiba must finalize a plan to acquire all of the unit, or else be forced to sell to the creditors of Toshiba. This view was tested on Thursday when it emerged that Toshiba had accepted in principle a wider asset sale than was previously agreed, limiting a possible deal for about half of the unit.\nThe steps, unveiled by Finance Minister Taro Aso on Tuesday, could produce a slim profit of roughly $1.8 billion, according to a published estimate. Most of this is the $1.5 billion of direct bond issuance, almost all of which is for equity instruments as opposed to debt, the Nikkei business daily reported on Wednesday.\nToshiba is facing its biggest-ever default since its bankruptcy in 2015 due to the huge debt and accounting scandal, and has been put on hold by the BOJ.\nA first-round shareholder vote on the demerger of Toshiba’s chip assets has come as scheduled, although the latest reading showed a 9.2 percent rise in combined shareholders’ shares after a Friday night rally.\nIncoming chief executive Yasuo Sakurai and cabinet secretary Yoshihide Suga are seeking to refocus the company on consumer electronics, restructuring and capital structure reforms, cutting debt, buying back billions of dollars’ worth of stock.\nAt the same time, Koichi Nakano, the chief executive of Japan’s third-largest bank and chairman of the Supreme Bank, has recently told state broadcaster NHK that Toshiba may need to sell more units to meet its debt obligations, without appearing to offer any direct change.\nTop Toshiba executives, in their latest pitch for a sale, are talking to governments and other groups about the idea.\n“The government could help Toshiba in any way through its IPO,” said Shinichi Uchida, chief economist at UBS.\nToshiba and Banco Santander (SAN.MC) are also expected to issue bonds to sell excess metal value to offset any sale of other Toshiba assets to satisfy its creditors.\nToshiba shares were trading slightly weaker, as of 3:14 p.m. on Thursday on the Tokyo Stock Exchange, having risen 4.7 percent since the company announced the sale of assets.\nToshiba said on Friday it would provide some bonds on condition of gaining access to the auction. (bit.ly/2mqaGYm)\n']
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1,504
http://www.reuters.com/article/us-neiman-marcus-gp-results-idUSKBN1941UH
http://www.reuters.com/article/us-neiman-marcus-gp-results-idUSKBN1941UH
Debt-laden Neiman Marcus abandons hope of a sale
null
null
['Siddharth Cavale and Jessica DiNapoli']
01-01-2021
reuters.com
null
success_wayback
gen
183,830
[0.949999988079071]
['Dec 30 (Reuters) - Neiman Marcus Inc, home to the namesake department store chain, is out of the running for a sale amid mounting pressure from the European Commission to sell off its prized luxury department store chain, according to a person familiar with the matter.\nThe multiple offers for Neiman Marcus, which is being marketed by JP Morgan Chase & Co, Credit Suisse Group AG’s private equity unit, and UBS AG’s investment fund, according to the source familiar with the situation.\nThe imminent departure of one of the world’s most famous luxury brands is a major setback for Neiman Marcus’ already shaky finances, though the suitor is still on course to make a “significant profit” in 2021. A sale would increase Neiman Marcus’ funding requirements and lead to further scrutiny by the U.S. government, the source said.\nThe company has lost money on several occasions in the past year, including in a bid to sell its mid-Atlantic Avenue brand in the mid-2016 financial crisis. In October, the company said it expected to save about $55 million on annualized costs and said it would restate its fiscal 2016 results.\nNiman Marcus Inc is actively seeking to sell its upscale department store chain, which accounts for roughly a third of revenue at the U.S. company.\nNeiman Marcus said in a filing to the U.S. Securities and Exchange Commission on Friday that it is still in the process of converting a separate project into a global sales and marketing center. The company added that it did not plan to keep its Oxford American division.\nThe company, whose late founder William Neiman founded Neiman Marcus in 1821, continues to seek profitability in a market that is seeing a steep price erosion and regulation, leading many former and current owners of the business to see their investments fall.\nBloomberg on Thursday reported that Morgan Stanley and other banks have been evaluating buying Neiman Marcus, though they have not made any binding offers. A group led by Cerberus Capital Management LP is working with Goldman Sachs Group Inc on a bid, the sources said.\nNeiman Marcus said on Thursday that it is doing its due diligence on the European assets to analyze whether it can sell its Canadian-based division, known as L.A. Macaroni Grill.\nNeiman Marcus has held talks with UBS about potential buyer relations with European investors, the sources said. In addition, a number of units of L.A. Macaroni Grill have been reviewed, and a former Neiman Marcus property is under consideration, the sources said.\nThe U.S. retailer has generated net profit from three of its last four years, but in that time has trailed consumer spending by about 5 percent. (Reporting by Jessica DiNapoli in New York; Editing by Jonathan Oatis)\n']
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1,505
http://www.reuters.com/article/us-virginia-shooting-idUSKBN1951M1
http://www.reuters.com/article/us-virginia-shooting-idUSKBN1951M1
Scalise in critical condition after attack by gunman at baseball field
null
null
['Sarah N. Lynch and Ross Colvin']
01-01-2021
reuters.com
null
success_wayback
gen
183,831
[0.949999988079071]
['WASHINGTON (Reuters) - Major League Baseball player Jose Scalise underwent surgery on Friday to treat minor injuries after he was shot by an off-duty federal agent in an attack by two gunmen earlier this week in Los Angeles, his wife said.\nFILE PHOTO: Major League Baseball player Jose Scalise is helped off the field after suffering a gunshot wound during a baseball game against the Detroit Tigers at Dodger Stadium in Los Angeles, California, U.S., October 30, 2017. REUTERS/Mike Blake/File Photo\n“We had hoped for a better outcome and were extremely grateful that Jose was alive,” said Lucio Scalise, the wife of Major League Baseball Commissioner Rob Manfred.\nThe 23-year-old Scalise was released from a Los Angeles hospital early on Friday and underwent surgery on Friday night, she said. He was pronounced dead at the scene, she said.\nScalise will undergo surgery soon to repair damaged blood vessels that cause blood to drain from the central part of his pelvis, she said.\nThe shooting, which police said occurred late on Wednesday, followed the death of an unidentified man who police said was shot in the head and then running off into the night.\nThe shooting was captured on video and authorities believed the shooting involved a rival gang. The NBA champion Boston Celtics tweeted the same morning that players are safe.\n“Our thoughts are with his family and loved ones and we send our sincerest condolences to his family,” the Celtics said in a follow-up statement.\nThe Boston Globe first reported that Scalise was shot in his chest as he was walking on a field near an airport parking lot.\nThe newspaper said he told officers he was angry and walked toward the victim’s van when the gunmen burst into the building and started shooting. Scalise, who had been running with a box cutter, was tackled and subdued.\n“We are beyond saddened and shocked by the incident,” Manfred said in a statement. “The Police Department, local and state authorities, throughout Los Angeles, and throughout the US Government, will do everything we can to keep our partners safe.”\nScalise, who played parts of 13 seasons with the Yankees, the Red Sox and the Chicago Cubs, was described by family as a love and a loyal baseball player.\n']
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1,506
http://www.reuters.com/article/us-virginia-shooting-scalise-idUSKBN19530F
http://www.reuters.com/article/us-virginia-shooting-scalise-idUSKBN19530F
Staunchly conservative U.S. lawmaker Scalise among wounded in shooting
null
null
['Dustin Volz']
01-01-2021
reuters.com
null
success_wayback
gen
183,832
[0.949999988079071]
['(Reuters) - A U.S. lawmaker who narrowly narrowly escaped being shot on the Senate floor during a debate on gun control measures died on Tuesday after a man was shot by self-inflicted wounds after a mugging near his Capitol Hill office.\nDemocratic Representative Jason Chaffetz (R-Utah) carries a megaphone at his swearing-in ceremony in Capitol Hill, Virginia, United States, January 1, 2019. REUTERS/Carlos Barria\nRepublican Rep. Jason Chaffetz (C-Utah) died while he and his colleagues were leaving the House chamber on the Senate floor on Tuesday evening after being shot at from two separate security shots.\nA former Navy SEAL and business executive, the congressman said he was doing the floor work when the gunfire erupted.\n“I could hear the sounds of people being shot. I pulled over on the sidewalk in a hard light and the congressman stayed up for 10 or 15 minutes,” Chaffetz said in a news conference.\nCrowds of reporters and bystanders lined the room as the congressman and others walked toward the chamber with guns drawn. Chaffetz was sitting in his seat at a table.\nAfter the shooting, the gunman fled on foot before entering the chamber, according to Chaffetz.\nYounes Ahmed Butt, who was shot in the buttocks, was laid to rest on Tuesday, awaiting the results of autopsy procedures, his family said in a statement.\nCongressman Jason Chaffetz was speaking at the University of Utah where he practiced law.\nChaffetz said he survived the shooting after dropping off several of his colleagues from his staff in the Capitol about 3:30 p.m.\n“Our prayers and deepest condolences are with the members of our Senate and House where this tragic event happened. I also want to thank Speaker Nancy Pelosi and the Republican leadership for their shared faith in our country,” Chaffetz said in the statement.\nMore than 100 people were wounded on Tuesday, a figure which was the highest number since 2013 when Republican Marsha Blackburn was seriously wounded in the same incident. Blackburn was treated at UCLA Medical Center.\nThe gunman who is currently being held in the FBI custody was identified as Echelon Paul Casper, a self-described digital security expert who was known as “Curly Demon” before becoming a U.S. celebrity.\nIn a statement, the FBI said that the individual who was fatally shot had a “history of mental illness and violent crime.”\n“Caspers was a devoted husband, father, and grandfather who was a United States Armed Forces member. He loved his country and he will be missed by family and by the Senate,” FBI Special Agent John H. Perkins said in a statement.\nNone of the wounded had life-threatening injuries, and “we were going to come after him if we could,” Chaffetz told CNN’s Jake Tapper on CNN’s “Reliable Sources.”\nChaffetz remained conscious in the news conference on Tuesday night.\nHe later met with Cook County Sheriff Mac McDaniel and U.S. Rep. Jim McDermott, D-Washington.\nChaffetz was “a very subdued man, but when the light came on, it was a thing of life,” McDaniel said in a news conference.\nSeveral members of the U.S. armed forces, including soldiers, have survived shootings in recent years. The Navy’s Ryan McDonough has been re-elected as its next president in November.\n(This version of the story corrects name of Rep. Chaffetz in paragraph 19)\n']
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1,507
http://www.reuters.com/article/us-usa-trump-russia-idUSKBN195385
http://www.reuters.com/article/us-usa-trump-russia-idUSKBN195385
Pence hires his own lawyer for Russia probes
null
null
['Roberta Rampton and Julia Edwards Ainsley']
01-01-2021
reuters.com
null
success_wayback
gen
183,834
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['Donald Trump (R) visits the Russian Embassy in Washington, U.S., October 7, 2017. REUTERS/Gary Cameron\nWASHINGTON (Reuters) - U.S. Secretary of State Mike Pompeo appointed his own lawyer on Tuesday to help with his investigation into Russian meddling in the 2016 U.S. presidential election, his office said, strengthening a decision that strained the rule of law in the Western Hemisphere.\nPompeo will begin negotiations with American allies as the Trump administration grapples with whether it is accountable for past actions or whether Russian meddling in the 2016 election deprived the United States of a vote it had hoped to win in the November 2016 election.\n“That is a privilege. It is not a momentary measure. It will allow us to proceed,” Pompeo said, flanked by Vice President Mike Pence, Director of National Intelligence Dan Coats and Secretary of Defense Jim Mattis.\nThe move falls squarely in line with past recommendations in the United States that listed all foreign officials whose influence on U.S. politics was curtailed during the 2016 campaign.\nPompeo was the subject of a congressional investigation of Russian interference and subsequent financial dealings with Russia. But he declined to directly answer when pressed whether he intended to pursue a second probe and said there are “options.”\n“I do not have a specific plan,” he said. “I can’t say what those plans are.”\nPompeo’s announcement of his own legal assistance came a day after the State Department issued a provisional plan to deliver a scathing report to Congress detailing findings of its investigation and public opinion.\nIn the announcement, Secretary of State Rex Tillerson acknowledged that there were concerns the State Department might “double standards.”\nTillerson said he and Coats were open to the possibility of more cooperation with the Justice Department or others interested in the probe.\nLast month, Vice President Mike Pence took calls from President Donald Trump and Vice President Mike Pence’s brother-in-law, Woody Johnson, and signed off on a plan to seek information in connection with possible obstruction of justice charges against Trump campaign chairman Paul Manafort.\n']
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1,508
http://www.reuters.com/article/us-usa-fed-idUSKBN1952NA
http://www.reuters.com/article/us-usa-fed-idUSKBN1952NA
Fed raises rates, unveils balance sheet cuts in sign of confidence
null
null
['Lindsay Dunsmuir and Howard Schneider']
01-01-2021
reuters.com
null
success_wayback
gen
183,835
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['NEW YORK (Reuters) - The Federal Reserve will cut short-term interest rates by 25 basis points, as expected by markets, on Monday, ending a period of turbulence that has left markets nervous for months.\nU.S. President Donald Trump arrives at the White House in Washington, U.S., September 12, 2017. REUTERS/Yuri Gripas\nWhile markets were nervous for months ahead of Monday’s closely watched nonfarm payrolls number, the news appeared to show the central bank’s hawkish streak had lifted the economy.\nThe labor market is expected to be stronger than expected in November due to better-than-expected readings in the job market, Fed policymakers said in a statement on Friday.\nFederal Reserve President Jerome Powell said he felt confident the central bank will not shy away from tightening monetary policy sooner than previously thought.\nThe Fed lowered its benchmark overnight interest rate by 25 basis points to 3.25 percent from 3.5 percent last week, possibly as a result of concerns about the U.S. labor market and an improving housing market.\nThe vote is the first time the Fed has had to cut one of its key rate settings since 1986 to signal an even greater commitment to lower rates than economists have forecast for any of Trump’s first four years in office.\nIf the forecast rate cut results in a rate hike to 3.25 percent, that would be in line with Fed Chairman Jerome Powell’s previous prediction for a fourth rate cut in the following four years.\nIf that three-year Fed bond yield was to hit 2.65 percent on Monday, that would be a 1 percent rise from Wednesday’s near-1 percent level.\nA Reuters poll of economists last week estimated a surprise rate cut would reduce the federal funds rate by a quarter percentage point to just 0.25 percent.\nThe Federal Open Market Committee will release another forecast for the economy on Tuesday and then comments on the Fed’s monetary policy on Wednesday.\nSpeaking on Friday at the Fed’s policy review, Fed Chairman Jerome Powell said his central bank was not thinking about the economy and was keen to keep the unemployment rate near its target.\n“The economy just is looking good right now and still not close to any relapse in terms of recessions,” Powell said.\nA revision to Powell’s comments on interest rates may help push the dollar down against major currencies, a relief to investors who have lost patience with the pace of Fed rate hikes.\nThe broad dollar index .DXY stood at 79.333.\n“While I think the improvement is the more important and the sort of progress that the dollar was already getting in 2017, some (major stock market) indexes have been beaten up over this,” said Michael Feroli, chief U.S. economist at JPMorgan in New York.\n“The dollar is going to be feeling a bit less warm this week.”\nThe greenback was up a barrel against the euro EUR=. The dollar held below a five-month high against the yen JPY=, a sign of worry that the annual headwinds from Brexit and retaliatory tariffs will continue for a couple of months.\nSome trading activity on Monday’s offshore markets in Dubai was suspended due to flooding in coastal areas, Dubai Central Bank Governor Nouriel Roubini said on Monday.\n']
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1,509
http://www.reuters.com/article/us-global-markets-idUSKBN19600W
http://www.reuters.com/article/us-global-markets-idUSKBN19600W
Global stocks slip with tech, energy; dollar hits two-week highs
null
null
['Caroline Valetkevitch']
01-01-2021
reuters.com
null
success_wayback
gen
183,836
[0.949999988079071]
['* 1.36-yr fall in tech, oil prices puts Wall St on course for longest losing streak\n* Trump struggles, stocks slump about 3 percent on U.S. data\n* S&P 500 off 0.3 pct, Dow off 0.21 pct, Nasdaq up 0.08 pct (Updates to early afternoon)\nBy Caroline Valetkevitch\nNEW YORK, Jan 1 (Reuters) - Global stocks plunged to a two-week low on Tuesday after a disappointing market snapshot and concerns over the U.S.’s economic outlook, but the weak economic data keeps the spotlight on the U.S. Federal Reserve and U.S. monetary policy.\nGlobal equity markets took a pounding after the U.S. Commerce Department released figures showing its economy shrank in November, keeping the outlook for a U.S. growth recovery dimmer than many had expected.\nChinese stocks sank more than 5 percent, leading to a 2.7 percent decline for the Shanghai Composite.\nA steep drop in U.S. stock indexes also weighed on resource-rich Asian shares, with Asia-Pacific shares off 0.4 percent.\n“We’re still down more than 5 percent in the past week, with such uninspiring data,” said Joe Manimbo, head of U.S. institutional sales trading at UBS.\nThe Dow Jones Industrial Average fell 31.71 points, or 0.22 percent, to 25,933.22, the S&P 500 lost 0.21 points, or 0.21 percent, to 2,056.34 and the Nasdaq Composite dropped 6.64 points, or 0.08 percent, to 5,658.03.\nThe S&P 500’s retreat came as U.S. stocks were set for their biggest weekly decline in more than three weeks.\nU.S. crude stocks fell 9.5 percent, after crude prices were pulled lower by concerns about the global economy, while Brent crude futures were down 1.7 percent.\nThe S&P 500 is down about 3 percent since hitting its peak in early November, with the dropmaking continued into Tuesday.\n“I don’t think that the market wants to just fall back into the abyss. We’re still stuck around 20 levels,” said Michael Stewart, chief investment officer at Arizona Avenue Investment Management in Phoenix.\nThe S&P 500 has yet to break above its psychological bar in two sessions.\nThe two-day slide drove the Dow to 2,190.34, which took it back to its all-time high of 2,973.80 hit on Oct. 7.\nOn Monday, the Dow fell nearly 3 percent and the S&P 500 hit a new 52-week low. Data showed U.S. companies were expected to cut jobs, push down U.S. tax bill, boost inflation and push up U.S. inflation.\nThat made global markets a bit less rattled than they would be for a short period of time.\nBenchmark 10-year notes fell 2/32 in price to yield 2.9843 percent, from 2.963 percent late on Monday.\nFour of the last 10 S&P 500 crashes were powered by big pop after a recent surge in stocks. S&P 500 hit a record high this month as rising inflation became the backdrop for a rally.\n"Whenever you go on a one-day swing like this, it’s easy to lose confidence,” said Stephen Massocca, portfolio manager at Palisades Capital Management in Stamford, Connecticut.\nShares of LinkedIn plunged 18 percent to an all-time high as investors remain on the sidelines ahead of the company’s quarterly results, due later in the day.\nDeclining issues outnumbered advancing ones on the NYSE by a 1.38-to-1 ratio; on Nasdaq, a 1.45-to-1 ratio favored decliners.\nThe S&P 500 posted 73 new 52-week highs and 12 new lows; the Nasdaq Composite recorded 215 new highs and 19 new lows. (Reporting by Caroline Valetkevitch; Editing by Chizu Nomiyama)\n']
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http://www.reuters.com/article/us-somalia-blast-idUSKBN1952MP
http://www.reuters.com/article/us-somalia-blast-idUSKBN1952MP
At least 20 people being held hostage in Somalia’s capital after suicide bomb attack
null
null
['Abdi Sheikh']
01-01-2021
reuters.com
null
success_wayback
gen
183,837
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["People watch police take positions in front of a police building in Somalia's capital Mogadishu, October 29, 2017. REUTERS/Stringer\nAMMAN (Reuters) - At least 20 people are being held hostage in the Mogadishu neighbourhood of Sadirok, a police source said on Wednesday, in what appeared to be a rare public attack in Somalia and the deadliest in the world’s largest war zone.\nSecurity forces from neighboring neighbouring Ethiopia have been carrying out raids across Somalia in recent days.\nIt was not immediately clear how many hostages were held or where they were being held.\nIn the scenes inside Sadirok, a water tower and security police headquarters were damaged and officials were trying to evacuate people from the building.\nThe Somali security official who spoke to Reuters on condition of anonymity said the building had been packed with debris since Saturday, when the prime minister issued a decree demanding from the public a ban on the sale of explosives to militants.\nAuthorities blame the militants for the bombings which killed at least 78 people across Somalia in the past week. The United Nations says it has seen more than 615 casualties this year.\nLate on Monday, Somali President Mohamed Abdullahi Mohamed said that an unspecified number of militants had been killed in the south of the country and that they were involved in attacks that targeted government installations.\nAbdirahman Omar spent 15 years as a rebel to the rebel Somali National Union in Mogadishu.\nISLAMIST ATTACKS\nIslamic State made strong gains in Somalia since the military intervention of U.S.-backed African Union forces backed by U.S.-led African Union air strikes last year.\nBut the African Union and neighbouring Somalia’s allies say IS is targeting stability in the north of the country, where the country has experienced 10 years of war and a vacuum that has led to warlike sectarian tensions.\n"]
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1,511
http://www.reuters.com/article/us-global-forex-idUSKBN19601X?il=0
http://www.reuters.com/article/us-global-forex-idUSKBN19601X?il=0
Dollar hits June highs after data backs continued Fed tightening
null
null
['Dion Rabouin']
01-01-2021
reuters.com
null
success_wayback
gen
183,839
[0.949999988079071]
['FILE PHOTO: A bank logo is seen in front of a branch in Warsaw May 31, 2012. REUTERS/Kacper Pempel/File Photo\nNEW YORK (Reuters) - The dollar hit a six-month high against major currencies on Thursday after the Federal Reserve said it would be expanding its balance sheet by $40 billion a month.\nDespite the front-running, dollar-priced natural resources rallied amid bets that the Fed would expand its balance sheet by $40 billion. The bid for Gold is already fueled by the robust U.S. economy as interest rates climb.\n“Their numbers have confirmed that on balance they are on the right path,” said Paul Taylor, senior economist at Mizuho Corporate Bank in New York.\nThe Fed’s monetary policy committee lowered the target for its federal funds rate from a range of 1.25 percent to 1.5 percent to lift the balance sheet by $40 billion a month, which would help the economy and inflation, Chairman Jerome Powell said.\nThe Fed’s forecasts signal it will take this measure as a signal of economic robustness and a slightly increase in the jobless rate. The Fed has kept benchmark interest rates near zero since 2008 and has said it expects a gradual increase in the range of rates.\nThe dollar index .DXY gained 0.12 percent to 78.34. It touched a six-month high of 78.08.\nThe greenback rose against the euro .DXY, however, hitting a six-month low at 1.1829 euros EUR= .DXY. Sterling was 0.3 percent lower at $1.2819 EUR= .DXY.\nThe broader dollar index .DXY declined 0.26 percent to 101.38. It hit a six-month high of 100.53 overnight.\nIn the United States, the Fed reported that economic growth accelerated in the fourth quarter as the increase in mortgage rates fell, hitting households’ income, which showed they had more money to spend.\nEconomic data supports the case for raising the unemployment rate by some 200 basis points. However, President Donald Trump is pressing ahead with his “America First” agenda in Congress, raising the specter of slowing future growth, economists said.\n“What we are seeing is the Fed [inflation] checking, or at least it did looking at its statistics, and the carry trade with President Trump,” said John Elliott, an economist at Brown Brothers Harriman in New York.\n“The challenge for the dollar is that they are having to test the domestic resistance of the dollar versus the rest of the world” by improving goods and services, Elliott said.\nThe U.S. dollar closed higher against the euro EUR= after data showed that inflation in the euro zone rebounded in January, giving it some momentum as it heads into its final month of 2018.\n“You can expect the euro to move higher and the dollar to move higher,” added Taylor.\n']
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http://www.reuters.com/article/us-seattle-mayor-idUSKBN19535E?il=0
http://www.reuters.com/article/us-seattle-mayor-idUSKBN19535E?il=0
Man who accused Seattle mayor of sexual abuse drops lawsuit
null
null
['Eric M. Johnson']
01-01-2021
reuters.com
null
success_wayback
gen
183,842
[0.949999988079071]
['SEATTLE (Reuters) - A man who accused Seattle Mayor Richard Liccardo of sexually assaulting him while he worked as a police detective sent a lawsuit seeking $10 million to the state on Thursday, legal records show.\nFILE PHOTO: Paulina McDonough speaks during a news conference in Seattle, Seattle, U.S., July 7, 2017. REUTERS/Jeff Chappell/File Photo\nGary Anthony Steenwir and his lawyer, Nancy Conerley, released a short statement following a hearing in U.S. District Court, saying the lawsuit was filed in response to Steenwir’s allegations in a lawsuit filed by his father.\nSteenwir claims that he and his father, who works for police in Oregon, met at a police department banquet hall several years ago. They had previously had consensual sexual encounters.\n“Mr. Steenwir made allegations of sexual abuse and abuse against him that became very public information,” Steenwir said in the statement. “My concerns about this matter have been greatly emphasized.”\nThe men told the Seattle City Attorney’s Office in a court file that they had followed the conduct and that they had conducted normal business, Steenwir said. He was not criminally charged, he said.\nSteenwir and Conerley said Steenwir was in the process of testifying before a grand jury in Seattle and also filed a civil lawsuit.\nThis week, the men’s lawyers met with both the Seattle Police Department and U.S. Attorney Christopher Soisko. It is unknown whether the men will be prosecuted.\n']
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1,513
http://www.reuters.com/article/us-gulf-qatar-idUSKBN1951IY?il=0
http://www.reuters.com/article/us-gulf-qatar-idUSKBN1951IY?il=0
Turkish minister lands in Qatar aiming to help ease Gulf rift
null
null
['Ece Toksabay and John Davison']
01-01-2021
reuters.com
null
success_wayback
gen
183,843
[0.949999988079071]
['CHICAGO/DUBAI (Reuters) - A senior Turkish minister traveled to the Gulf state of Qatar for talks on Friday and will seek to ease relations that have been marred by the row that erupted over Qatar’s treatment of Muslim clerics and a Muslim Brotherhood.\nFILE PHOTO: Tourism Minister Mehmet Semenik arrives to receive Sheikh Jaber bin Abdulaziz Al Thani, leader of the Turkish Islamic Congress (TIC), and his delegation at a meeting in Dubai, U.S., November 13, 2017. REUTERS/Feisal Omar/File Photo\nIn a trip to Gulf states, Turkish minister Mehmet Semenik will also urge Qatar to restore diplomatic relations with Turkey and put itself on notice to the European Union that it should be on notice that the U.S. will no longer support its bid to join the bloc.\nFirdas Ozturk, the minister for foreign affairs and foreign affairs, travelled to Qatar’s Sheikh Jaber Al Thani on Friday and will meet Turkish Foreign Minister Mevlut Cavusoglu.\nA Turkish lawmaker, Alaqouma Baake, was also scheduled to travel to Qatar on Friday.\nBut the aide to the minister was critical of Qatar’s treatment of a Muslim Brotherhood scholar who heads a commission of imams that monitors their views.\nOn Friday, photographs showed a member of the board of Qatar’s congress publishing graphic pictures of Ottoman-era letters from the Prophet Mohammad written to his son denouncing his work and worsening relations with his father and mentor.\n“I sincerely hope that those who have already apologized should walk away from their irresponsible behavior,” the official said, adding that the Muslim Brotherhood had been pushing to remove this individual.\n“The holy prophet Sheikh Mohammed made clear that an Islamic clerical power should consider the prophet as their common enemy,” Aktay Baalb, the president of the Muslim Brotherhood, said on state television.\nHe called on Qatar to disassociate itself from such an act.\nDiplomatic ties between Qatar and Turkey fell apart in November after Qatar closed a $5 billion dollar investment deal with Saudi Arabia, a regional power that would fuel economic isolation.\nSince then, however, Turkey and Qatar have attempted to repair ties after the kingdom expelled the Turkish envoy in Doha.\nAs well as the reinstatement of Turkish envoy, the two leaders agreed to come together in Doha on Saturday to discuss a plan to beef up bilateral ties, including a meeting this week in the traditional resort city of Al Ain.\nEarlier on Friday, Turkey suspended all travel to Qatar after Saudi Arabia, Egypt and the United Arab Emirates all slapped sanctions on Qatar, accusing it of supporting al Qaeda.\n']
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1,514
http://www.reuters.com/article/us-gulf-qatar-icao-idUSKBN19535X?il=0
http://www.reuters.com/article/us-gulf-qatar-icao-idUSKBN19535X?il=0
U.N. agency to assess airspace closure against Qatar, host talks
null
null
['Allison Lampert']
01-01-2021
reuters.com
null
success_wayback
gen
183,844
[0.949999988079071]
['FILE PHOTO: International Air Transport Association (IATA) Global Air Services Summit Conference and Conference takes place on the plane side in Longview, Colorado January 5, 2009. REUTERS/Rick Wilking/File Photo\nWASHINGTON (Reuters) - The United Nations agency overseeing U.N. air safety has requested information on air traffic restrictions in Qatar, and Qatar Airways is likely to agree to hold talks with U.N. agencies on the matter, U.N. media reported on Wednesday.\nThe reports, published by Reuters after meetings between the U.N. and IATA, support last month’s press release by the watchdog that the United States called a violation of the 2015 Geneva agreement to restrict gun purchases. Qatar Airways has been in Qatar since 2013, when it halted some of its Boeing Co 737-200 jets after a fire at its operating facility, first reported by the U.S. government.\nU.N. aviation inspectors have made no decision on whether to stop passenger flights or fly them to areas of the world affected by the ban, IATA chief Andrew Gee said at a news conference on Tuesday.\n“We’ve set up a multi-party meeting this afternoon to look at how this may be in relation to the overall environment that we’re talking about.”\nGee said the latest “role report” by the U.N. network “includes” inputs from the agency for a review.\n“It will be an eye-opener. It will show the high intensity and aggressive tone that the air traffic service has in 2018 and 2015.”\nHe also said the IATA inquiry will determine if Qatar Airways violated its U.N. agreements to ban any form of small arms and light weapons across the entire country and whether it had used the period to quiet fire signals at an operating facility.\nIATA’s U.N. mission will meet with Qatar Airways officials by January 19, he said.\n“It is already on the agenda. We’re not going to start. We’re not going to go to the next step,” he said.\nGee said there are “no guarantees” Qatar Airways will agree to a meeting with IATA. “I have many conversations with Qatari government officials around this matter.”\n']
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http://www.reuters.com/article/us-japan-politics-conspiracy-idUSKBN1953BZ?il=0
http://www.reuters.com/article/us-japan-politics-conspiracy-idUSKBN1953BZ?il=0
Japan ruling bloc pushes through anti-conspiracy bill despite privacy concerns
null
null
['Linda Sieg']
01-01-2021
reuters.com
null
success_wayback
gen
183,845
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['TOKYO (Reuters) - A cross-party panel on Thursday ordered Japan’s government to investigate “great strength of” privacy under a new anti-terror law that advocates say could be a threat to citizens.\nCritics have said the bill, a copy of which was obtained by Reuters, could compromise fundamental privacy protections and make it difficult for the government to control information.\nSince November, the nation’s top court has recommended broader amendments to the 2018 pacifist constitution and amended the security law, saying the power to carry out emergency powers such as self-defence may be limited in cases where armed conflict is imminent.\nUnder the emergency powers revision, a person cannot be prosecuted or jailed over a false declaration against him or her.\nOn Thursday, the right-wing Foreign Ministry called on the government to approve the new draft and said the new law, which could trigger a conflict with North Korea, was outdated and unnecessary.\n“The proposed amendment set a dangerous precedent,” Foreign Ministry spokesman Kiko Kamiyo told reporters.\nHe said, however, that the draft was compatible with the earlier amendments, which said that an armed conflict against another nation was not clearly defined.\n“No one can give soldiers reasonable guarantees that fighting for freedom will not happen in any such state,” he said.\nThe draft bill also sets a date for a probe of suspected allies that share illegal information on a popular Japanese radio show because at the same time, it recommends its implementation and says parties must defend the right of a person to live in their country while their national governments, the PRC, defend the right of citizenship.\nIt also details the nature of Japanese citizenship and some suggestions that “radical propaganda” may help the country’s precarious security after the Sept. 11, 2001, attacks on the United States, and suggests border controls.\nUnder the government bill, any person arrested for reporting an arrest has to appear for a two-day remand hearing, be turned over to the police and face five years in prison if convicted.\nResistance to the “wall of thought” has been mounting in recent weeks after another activist, Joel Kuida, used a keyboard on a local radio station and threatened the government with jail if it left its mark.\nRight-wing lawmaker Sekiro Nishiyama had urged the Cabinet to approve the revisions but was delayed by time running into a political crisis.\nSlideshow (5 Images)\nNeeland Lee, a law professor at the University of California, Irvine, said the bill was inconsistent with international standards on citizens’ rights and intellectual freedoms.\n“The cabinet should avoid repeating the mistake of enabling Japan’s state power to oppress rights,” he said.\n']
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1,516
http://www.reuters.com/article/us-aig-blockchain-insurance-idUSKBN1953CD?il=0
http://www.reuters.com/article/us-aig-blockchain-insurance-idUSKBN1953CD?il=0
AIG teams with IBM to use blockchain for ’smart’ insurance policy
null
null
['Suzanne Barlyn']
01-01-2021
reuters.com
null
success_wayback
gen
183,850
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['Jan 1 (Reuters) - U.S. insurer AIG has partnered with IBM Corp to create an automated market for AIG policy design and software related to investor relations, the companies said on Wednesday.\nThe two companies agreed on the company’s ability to deliver investments via Blockchain and its industry-leading IBM logo, which can be used to create a platform that sends financial information electronically, the companies said.\n“We’re pleased that IBM is coming to understand the value the AIG ecosystem brings to us and the AIG enterprise,” said Mike Horowitz, the vice president of sales and marketing for IBM Global Human Capital.\nThe AIG acquisition will close later this month and come after the insurer incurred significant write-downs of AIG policyholders in 2017 and 2018. The insurer recorded a $497 million write-down of investment insurance policies last year.\n“This partnership complements and expand the capabilities of AIG’s existing equity management and product portfolios to get we can focus on our clients,” said Daniel Haykov, director of innovative technology at IBM Global Human Capital.\nThe move signals a shift in how the insurer and its investors interact with the financial markets.\nFor the past six years, industry experts have warned of a shift that will negatively impact traditional stock strategies. Blockchain and trading platform platforms are capable of putting new policies onto lock, despite the challenges to the current industry structure, so companies are now navigating the issues of releasing data via platform, instead of in-house software, for clients.\n“The challenge in the new world is that Blockchain is going to get it done quickly,” said David Padden, head of MHS Research at credit rating firm Moody’s.\nBut this shift could potentially be the new normal. New entrants to the industry have attempted to prevent insurers from leaving the market if they’re overly reliant on the current rules, Padden said.\nFounded in 2000, AIG has a long history of adapting to changes in the financial market and hiring talented brokers to handle investment derivatives.\n']
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1,517
http://www.reuters.com/article/us-michigan-water-idUSKBN195234?il=0
http://www.reuters.com/article/us-michigan-water-idUSKBN195234?il=0
Six Michigan officials criminally charged in Flint water crisis
null
null
['Timothy Mclaughlin']
01-01-2021
reuters.com
null
success_wayback
gen
183,851
[0.949999988079071]
['(Reuters) - Six Michigan state officials who worked at companies selling tap water for the city of Flint, along with state Department of Health and Human Services officials, were criminally charged on Monday with federal and state crimes over the deaths of residents who didn’t have access to water for months in their homes, according to U.S. Attorney John Delaney.\nAs of Nov. 1, the firm controlled by the companies selling tap water for Flint was the largest contributor to the state’s water system, according to Delaney’s office.\nThat was the same firm that supplied for the city’s “last ditch” water source.\nThe investigation was prompted by allegations that those affected by the water crisis are being placed on administrative leave, a practice at the National Institute for Occupational Safety and Health.\nMichael Buhsing, Flint’s state’s attorney, said authorities indicted six executives from the companies in connection with the company’s actions.\nThe six felony counts include counts of bank fraud, false claims for service and a felony count of filing a false declaration of proof.\nThe Ohio-based OHH works as an entity designated by the United States Department of Health and Human Services as “administrative administrator.”\nOfficials and families of the city’s first and second responders, who said they knew children and adults were at risk due to the contaminated water, were served with the criminal charges on Monday.\n“Our hands were tied as not everyone wanted to bring this to the attention of their children or their families, but they did,” said city lawyer Larry Kneeland.\nIn filing the charges, the district attorney cited new disclosure guidelines issued by the state, which he said should have stopped the anti-incarceration campaign from getting off the ground.\n“These initiatives to reduce incarceration focus on low-level offenders and placing them on productive and jailable release status,” the district attorney said in a written statement.\nNo plea agreements were sought.\nIn early September, Congress requested National Guard troops to help police the community as it dealt with more than 9,000 homeless people and other residents who were living in disrepair.\n']
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1,518
http://www.reuters.com/article/us-uber-ceo-idUSKBN1953C1?il=0
http://www.reuters.com/article/us-uber-ceo-idUSKBN1953C1?il=0
Uber’s open COO job in the spotlight amid leadership void
null
null
['Heather Somerville']
01-01-2021
reuters.com
null
success_wayback
gen
183,852
[0.949999988079071]
["NEW YORK (Reuters) - Uber Technologies Inc (RUSH.O) COO David Suissa is set to take over from Don Mattrick as president of the ride-hailing company on March 1, the San Francisco-based company said on Thursday.\nFILE PHOTO: Uber's Dora Kuijschnakas Ekhuratsch, CEO of its US head office, gestures while speaking on the sidelines of its annual global driver training event on April 20, 2017 in Taipei, Taiwan, China. REUTERS/Tyrone Siu/File Photo\nThe departure of Suissa, a key leader in a blossoming ride-hailing industry that is changing, comes after weeks of speculation about how Uber’s newly formed head office is going to work, after the May board and CEO Mattrick announced they would look for an outsider.\nUber said Suissa was being considered and would not be joining Uber as COO, adding that he and San Francisco-based Mattrick would make staff decisions as needed.\nOn Thursday, spokesman Christopher Wolftfton declined to comment beyond the March 1 date.\nUber has not yet disclosed how much money Suissa and Mattrick are making for a senior managing director role at its Silicon Valley headquarters. The human resources office that took the reins of the entire management team at the company three years ago is still not ready to fill a seat, said the source familiar with the situation.\nSuissa said in a video he was looking for a role where he could help develop and collaborate on the San Francisco-based company’s ambitions, including building cross-functional teams of engineers to help founders structure their teams.\n“I’m not necessarily looking for a role that will be special,” he said in the video. “There are people on the way.”\nAnother reason for Suissa’s departure would not be apparent because his entire responsibilities at Uber will be handled by current senior level executives.\nSuissa, a former Microsoft Corp (MSFT.O) executive, has spent the past month at Uber pivoting its global leadership team, which has included former Vice President of Government Affairs Chan Yaiput Lee as the chairman.\nUber had hoped to have chief operating officer Travis Kalanick head the new CEO team in the coming months. Kalanick currently is CEO of ride-hailing competitor Lyft Inc. But he left in October following setbacks at the company in which it was raising money and partnering with British car hire rival, Hire.ru.\n"]
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1,519
http://www.reuters.com/article/us-venezuela-politics-idUSKBN1953BT?il=0
http://www.reuters.com/article/us-venezuela-politics-idUSKBN1953BT?il=0
Venezuela opposition condemns ’vandalism’ in apartment block raids
null
null
['Diego Oré']
01-01-2021
reuters.com
null
success_wayback
gen
183,853
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['CARACAS (Reuters) - The head of the opposition called on Sunday for a press conference to discuss a series of “vandalism” in the upscale Apurimas neighborhood of San Sebastian in eastern Venezuela that left several occupants with injuries, including blows to their heads.\nFILE PHOTO: Firefighters work on the roof of an apartment building damaged in a raid by security forces by Copan National Guard (CNS) in Apurimas, Caracas, Venezuela, January 2, 2017. REUTERS/Marco Bello\nThe assailants threw gas canisters at the residents of two S.M. Dimas Apartments in the neighborhood of San Sebastian in Santa Maria de Tucuman state in western Venezuela, killing four people and wounding several more.\nNews accounts said the attackers’ motives were unclear, however Venezuela’s Interior Ministry said one of the assailants was a former soldier returning from the battlefield.\n“I called today for a press conference to discuss such ‘vandalism’ and to announce that the culprits responsible have been detained and charged with crimes,” opposition lawmaker Patrick Carillon said.\nClashes between security forces and demonstrators in the suburb of San Sebastian outside an apartment block set ablaze in January 2017.\nLocal media were not immediately able to verify the reports.\nVenezuela’s second-largest city has a population of 60 million. When the violence began, 10,000 people were reported injured in the Central Valley state, but almost 100 of those were Copan residents, about 40 of whom were killed.\nRights activists and relatives say the incidents, which highlighted the need for change in Venezuela’s troubled one-party system, have been the work of a well-funded out-of-state terrorist organization.\nOpposition leader Henrique Capriles, who lost the first election to opposition leader Nicolas Maduro last year, was among those arrested in the San Sebastian case.\nCapriles accused the Venezuelan government of “destroying” the capital.\n“I say not so much that it doesn’t take place. I say that it will happen and also not that it isn’t happening,” Capriles told a news conference.\nCarillon, who spoke to the Bolivarian People’s Assembly in Santa Maria de Tucuman, said his administration was in “constant contact” with the Venezuelan government, vowing to fight the “illegal criminal gangs” responsible for the S.M. Dimas raid.\nHe did not elaborate on the government’s accusations. But political analyst Samuel Rodriguez on Friday said Venezuela’s “confusion” over the incident was to blame for the deaths of all those on the march, but it was because the right wing forces were playing the blame game.\nThe impact of the events on the already weakened and isolated opposition is widening.\nAbout 5,000 demonstrators have gone on high alert since October amid calls for the government to end President Nicolas Maduro’s controls of most of the oil production in the country.\n']
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1,520
http://www.reuters.com/article/us-virginia-shooting-witnesses-idUSKBN1953AL?il=0
http://www.reuters.com/article/us-virginia-shooting-witnesses-idUSKBN1953AL?il=0
Gunfire turns U.S. lawmakers’ baseball practice into ’killing field’
null
null
['Sarah N. Lynch and Ross Colvin']
01-01-2021
reuters.com
null
success_wayback
gen
183,854
[0.949999988079071]
['An officer stands beside a locked door to a baseball field at a baseball game in Louisville, Kentucky, November 27, 2016. REUTERS/Darren Hauck\n(Reuters) - An unruly crowd of officers and bystanders turned the grassy field at a baseball game into a killing field, authorities said on Wednesday, as violence led to violent confrontations with masked suspects.\nMore than 20 police officers and 22 residents were arrested after a melee that erupted at the John F. Kennedy Stadium on Tuesday evening. Police said they shot at rock-throwing opponents.\nAt least 15 people suffered gunshot wounds, and four were hospitalized.\nAbout 100 spectators from both sides converged on the field in protest of the police shoot-and-burn tactics, which were described as deliberate.\n“There’s not a baseball game going on here, there’s a large crowd this evening,” said Domenic Licciardi, an attorney for the city of Louisville.\n“It’s like a sacred vista, even though they live in a civil society.”\nCrowds were formed by about 2,000 supporters of an anti-Islam pro-Israel political organization called FUSA.\nIt was unclear how much violence erupted and what led to the shooting, which stemmed from an “assault on a person with a gun.”\n“The words that are said in the situation are aimed at disrupting peace,” said Louisville Police Chief Greg Fischer.\nFusion, a group that opposes protests of U.S. Muslim groups and has called for a boycott of Muslim-owned shops and restaurants in the U.S., was arrested and later charged with “third degree assault” for its “ignorance of police” behavior.\nBut two guests from the U.S. Congress made the same argument: “If you don’t do something I’m not going to believe. You are getting the wrong attention,” said Ayisha El, a fiscal conservative and political science professor at the University of Louisville.\n“Political discourse should be directed at opposing injustice,” El added.\nThe incident, in a well-lit stadium, has been blamed on demonstrations by religious conservatives for being stirred up by climate change and a drive by the liberal Tea Party to end a fossil fuel-based energy industry.\nThe protesters appeared to be aligned with Islamic extremists, like the group called “Unite the Right” in rallying against the entry of oil and gas industry workers to the U.S. military during World War Two.\n“I think there are a lot of people who want to confront government, some are at the extremes of extremes,” Fischer said.\n“It’s probably in the nature of what we see in any demonstration: violence is often the event.”\nPolice also encountered two individuals who identified themselves as members of the Washington, D.C.-based Islamic community and called them “law and order members,” Fischer said.\nWhen a mother showed up at the game at about 10:15 p.m., she introduced herself as Ghanian Taji and told the officer what it was.\nAfter the game, several police vans surrounded the field and sent officers to the scene, but the crowd resisted and went home, police said.\n']
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1,521
http://www.reuters.com/article/us-britain-fire-idUSKBN19509B?il=0
http://www.reuters.com/article/us-britain-fire-idUSKBN19509B?il=0
Fire engulfs London tower block, at least 12 dead, dozens injured
null
null
['Kylie MacLellan and Toby Melville']
01-01-2021
reuters.com
null
success_wayback
gen
183,855
[0.949999988079071]
['BRUSSELS/MADRID/LONDON (Reuters) - The blaze at a landmark property housing the authority’s powerful immigration bill in London burst over its full-time staff limits on Tuesday, making it the biggest single-day fire to hit one of Europe’s busiest ports in years.\nThe tower block owned by the Eastern European Development Bank (EDB) and owned by Dubai’s Dahuk Group, which owns a number of buildings in London, was the scene of more than a dozen explosions and arson attacks in the capital during the last three weeks.\nThe fire, which took place in Blacktown and led to the building being closed to public, has also damaged six other buildings in Holland Park, all on London’s "Great Wall", and disabled a number of them.\nFive emergency service vehicles were treated for smoke inhalation during the blaze but no injuries or fatalities have been reported, and the EDB said initial talks with casualties were under way.\nThousands of residents in Blacktown had their homes burned down after the evictions, while 75 buildings nearby were evacuated after the blaze broke out on Sunday night.\nThere was no immediate estimate of the damages as rescue workers worked through the night to find tenants.\nWhile there were a total of six buildings being used by the branch offices of the EU Development Bank and the European Development Bank, Blacktown was the only one in which on Monday a fire broke out on its main building block.\nHopes of an immediate solution to the emigrant crisis appeared too high, however, with the city plagued by crippling debt and a rising number of migrants moving freely between Italy and Britain.\nThe EU’s president, Donald Tusk, said on Tuesday that rescue services were on the “fight\'” to try to find victims.\nA building on the site was surrounded by flames, but was saved by the tower block’s owner and tenants as a precaution, said Jan-Jacques Leucht, chairman of Blacktown Labour Group.\nHe also blamed the EDB’s twice-yearly relocation scheme for hindering the evacuation.\n“Developments may have been a mechanism to discourage people from leaving their home, but they are not the only risk to our working environment,” he said.\nThe City and European Commission, the European Union’s executive, last week welcomed the shift in policy towards the deportation of migrants. The EU’s migration board and the EU Council - the international community’s executive body - set up powers to swiftly prevent conflicts between states and place restrictions on the receiving of EU immigrants.\n']
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1,522
http://www.reuters.com/article/us-seaworld-entrnmt-shareholders-exclusi-idUSKBN1952L3?il=0
http://www.reuters.com/article/us-seaworld-entrnmt-shareholders-exclusi-idUSKBN1952L3?il=0
Exclusive: SeaWorld shareholders vote to remove chairman - sources
null
null
['Michael Flaherty']
01-01-2021
reuters.com
null
success_wayback
gen
183,856
[0.949999988079071]
["SAN FRANCISCO (Reuters) - SeaWorld San Diego will eliminate its chairman of the board next month, one of three sources familiar with the matter said on Friday, a move that could be based on poor results in recent quarters and the board is reluctant to confirm a replacement.\nFILE PHOTO: A SeaWorld theme park theme park in Musikfest, Germany, May 4, 2016. REUTERS/Fabrizio Bensch/File Photo\nDaniel Hahn stepped down as SeaWorld's chairman in November, after investors and sources said he used derogatory language at the annual shareholder meeting of the amusement park operator last year. Hahn failed to replace the chairmen of San Diego Gas & Electric Co, Exxon Mobil Corp and Occidental Petroleum Corp.\nSeaWorld, which is owned by SeaWorld Entertainment Inc, has struggled with its own industry. SeaWorld San Diego was dealt a major blow in December when a lawsuit accusing the company of false advertising led the Philadelphia sheriff’s office to revoke the admission of Blackfish, the documentary about the killing of killer whales. SeaWorld San Diego and Anheuser-Busch InBev SA have sued the Santa Cruz, California, company over the event.\nThe chairmen were established as a part of the company’s capital-raising plan and the resignation of Hahn represents a near-miss in a business that has become most intense in the oil and gas sector.\n“Investors looked at how little of their money is committed and wanted to be able to separate who is safe from the sharks in the public eye,” said a Reuters partner, who asked not to be identified because the matter is confidential.\nThe sources are familiar with the matter because they discussed the situation at a conference call with investors on Wednesday. In a document obtained by Reuters, SeaWorld Corp said Hahn has been replaced as chairman by Omar T. Baniwan, who runs the company’s Animal Education and Education division.\nDiscovery Communications Inc Chief Executive David Zaslav said at the time of his appointment that Hahn had “clearly demonstrated a lack of remorse and concern for his role in discussing T.J. Simpson with Discovery back in 2013.”\nIn the newsletter newsletter to investors on Friday, SeaWorld CEO Dr. Steven Katz reiterated his earlier promise that he would not alter the company’s management, according to the companies newsletter. The operator’s shareholders meet next month.\nNeither SeaWorld or Discovery Communications was immediately available for comment.\nA SeaWorld spokeswoman said on Thursday she has seen the memo.\nHahn, who is based in Puerto Rico, was selected from 120 applicants, according to the proxy statement. Two other candidates were chosen, it said.\nT.J. Simpson and Simpson, a former NFL quarterback turned movie producer, was exonerated by DNA evidence but is now on trial for the 1994 slayings of his ex-wife and the couple’s children, who had a second child with Simpson.\nBlackfish was shot by SeaWorld tank workers because they suspected it had glorified violent video games, a move it said was driven by strong anti-immigrant sentiment and a target for criticism.\nSeaWorld hired veterans of the death industry to promote the film. The woman who was shot died from injuries that still are still ongoing.\n"]
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1,523
http://www.reuters.com/article/us-weiner-sessions-commentary-idUSKBN1952PX
http://www.reuters.com/article/us-weiner-sessions-commentary-idUSKBN1952PX
Commentary: What Sessions didn’t tell the Senate
null
null
['Tim Weiner']
01-01-2021
reuters.com
null
success_wayback
gen
183,858
[0.949999988079071]
['Senate Majority Leader Mitch McConnell (R-KY) with Sen. John McCain (R-AZ) in a speech, in the House chamber, December 17, 2016. REUTERS/Jonathan Ernst\n(Reuters) - Three years before coming to Washington, Mitch McConnell was President Barack Obama’s choice for Senate leader.\nSince then, the odds of any Senate Republican leader steering the party on health legislation have plummeted, and Trump himself picked a No. 2: Sen. John McCain.\nIn a point of bipartisan regret, McConnell missed the crucial vote to kill Obamacare before it could be revived. That vote was joined by Alabama Republican Roy Moore, a conservative who speaks both pro and anti-abortion.\nInstead, McConnell dangled the prospect of demagoguery to disorient the nation and give Trump a chance to weigh in and possibly succeed. He also pulled out a promise to start building bipartisan coalitions with Cruz and Johnson.\nTrump has said he’d follow the McCain-McCain decision “as far as our party goes,” but has not said whether he plans to. Neither Trump nor McConnell have spoken about possible steps to unite the party.\nMcConnell has criticized the Obama administration’s policy on immigration, which repeatedly criticized the Senate’s presence in the coming session for allowing so-called “sanctuary cities.” Sessions has expressed reservations about the policy, asserting the court struck down the part of the law that gives police the authority to check the immigration status of suspected illegal immigrants.\nYet if Trump follows up on the McCain-McConnell choice with strong presidential support, it would mark a stunning turnaround in McConnell’s policy-making past. In 2010, the president won the support of 42 percent of voters and the presidency by around 30 points.\nBut now, as Trump’s behavior has ratcheted up, the Republican-controlled Senate lacks the expertise or experience to truly reshape Washington. Indeed, just 39 of 90 senators are Senate Republicans.\nThus, Republican lawmakers have been even more uninformed of their own nominee.\nWith the Senate now part of the divided government and many members of the governing party on opposite sides of the aisle, it is uncertain whether he would bring together the party’s disparate factions.\nEven McConnell said in a speech last summer that he intended to “go far beyond the four or five hour rule” to wrest the Senate from the “corrupt” Obama’s presidency.\nMcConnell’s approach would include signing major immigration overhaul legislation. Doing so would open the door to hundreds of millions of new undocumented immigrants and strengthen border security.\nMcConnell could also buy support from two moderate senators, Arkansas’ Johnny Isakson and Louisiana’s Charles Grassley, who would have to choose between Trump or Cruz. Both are skeptics of immigration reform, especially when compared with Republican candidates running for president in November.\nObama’s election of 2016, thanks in part to winning over evangelical voters, was close to the GOP’s defeat in November, when it lost 70-63 to Trump.\nTrump’s selection of Sessions might offer Republicans the opportunity to signal support for comprehensive immigration reform.\nPaul Manafort, Trump’s deputy campaign chairman, won his Senate seat back in 2016 by trouncing Trump. But Trump won most of his key Hispanic-American constituency, especially the large Democratic Jewish community, and he was harshly criticized for keeping Sessions out of the confirmation battle.\nThe door to having Sessions back at the Senate chamber is one that could change if Trump and congressional Democrats cannot muster the requisite votes on Thursday for immigration reform.\nBoth Cruz and Trump have said they are likely to back immigration legislation.\nReassuring the nation that Trump will aggressively pursue a path to legal status for a large number of millions of undocumented immigrants is also likely.\nIf Trump decides to be more active than Sessions in shaping the immigration debate, he might sign anything of consequence for the Trump-McCain path to the Senate.\n']
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1,524
http://www.reuters.com/article/us-usa-airlines-complaints-idUSKBN19534C
http://www.reuters.com/article/us-usa-airlines-complaints-idUSKBN19534C
U.S. airline passenger complaints jump 70 percent after incidents
null
null
['David Shepardson']
01-01-2021
reuters.com
null
success_wayback
gen
183,859
[0.949999988079071]
['NEW YORK (Reuters) - Complaints have jumped 70 percent since 2016 to more than 660,000 since the time the World Trade Organization (WTO) urged United Airlines (UAL.N) to stop air travel, according to the latest figures released on Friday by the United States Department of Transportation.\nFILE PHOTO: People head to a U.S. border checkpoint in New Orleans, Louisiana, U.S., June 4, 2018. REUTERS/Tony Gutierrez/File Photo\nThat compares with a drop of 13 percent in the previous five years for complaints.\n“The effects of the United business problems remain strong,” Dennis Altman, an aviation professor at the University of Southern California, said in an email.\n“Since last summer, the vast majority of complaints involved shuttles and Southwest (LUV.N), most as response to these disruptive complaints or while the airline attempts to address those problems.”\nOn Thursday, United revised a posting for its Westin hotel to take responsibility for resorting to airport checkpoint checkpoints as well as “the time we rely on airports to handle their cancellations.”\nRegulators in the United States and China agreed the airlines had not benefited from these checkpoint programs. But in December, those countries’ Foreign Trade Ministry in the United States raised concerns with the United States and the government in China.\nThe department is considering requesting documents to investigate complaints over a series of complaints over a year and a half about security procedures, airports and other security issues at U.S. airports, officials said.\nTwo people at the airport where United said it now removed No. 2, Lloydminster, Canada-based LUV’s biggest aircraft. Notices of insatiable demand on that route went into effect last year, because of the 2015 departure of Executive vice president Jeffrey Skilling. The company is due to pay an additional $5 million to retired Fire Chief J. David Eggers, who resigned last year.\nOne of those airmen had a protest against Northwest Airlines Flight 383 from Minneapolis to Phoenix on Jan. 25, when the plane made a “disruption” landing at Minneapolis-St. Paul International Airport. He launched a Twitter campaign on Wednesday for the airline to admit that he has a contractual obligation to stay in the country during Super Bowl Sunday in Houston.\nForty people wrote to LUV about the problems immediately after the Bordeaux visit, and an attendant asked for flowers and a prescription before leaving the airport, said Altman.\nOthers complained that the flight from Minneapolis-St. Paul to Phoenix was disrupted by kids playing in the grass and a man violently attacked another United employee’s boss, while the company then briefly flew out of the U.S. because some workers suffered injuries during the protest, airport authorities told Reuters.\nAltman said he expects the United incident to be on the list of irritants and added that United “spends the majority of its revenue on refunds.”\n']
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1,525
http://www.reuters.com/article/us-usa-court-immigration-idUSKBN1952Z1
http://www.reuters.com/article/us-usa-court-immigration-idUSKBN1952Z1
Trump administration amends travel ban date to keep legal battle alive
null
null
['Lawrence Hurley']
01-01-2021
reuters.com
null
success_wayback
gen
183,860
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['WASHINGTON (Reuters) - The Trump administration on Wednesday said the U.S. courts would reject President Donald Trump’s revised ban on travelers from six Muslim-majority countries, opening the way for a protracted legal battle over the legality of the measure.\nFILE PHOTO: U.S. Transportation Secretary Elaine Chao speaks to reporters after the U.S. Department of Transportation (DOT) held an immigration checkpoint in Thousand Oaks, California June 7, 2017. REUTERS/Mike Blake/File Photo\nThe order removed U.S. citizens and permanent residents from the list of people still subject to travel restrictions because of their religion or nationality, but it eased restrictions on immigrants who had already entered the country. The ban does not apply to Iranians.\nThe Trump administration said the court decision was due in February. The Supreme Court has yet to rule, but Trump threatened last month to leave the case in the hands of its end-of-season deadline to clear his national security team.\nThe travel ban remains in effect, though it does not affect people from Iran, Iraq, Somalia, Libya, Sudan, Syria and Yemen, and it does not require individuals to meet certain criteria for waiver.\nIt also bars visitors from Iraq, Syria, Libya, Somalia, Sudan, Syria and Yemen, while it provides more detail on the new applicants, who will not be considered Muslim refugees.\nThe court will consider whether President Barack Obama’s order last year to take in some undocumented immigrants was lawful based on previous judges’ rulings. The travel ban was scheduled to end on Jan. 15 and its enforcement had been ongoing for months.\nTrump first issued a travel ban last March. It temporarily halted all travel to and from the United States but rescinded it later after it was spotted by members of Congress.\nDETROIT COURTS REVEALED\nLast month, congressional lawmakers on both sides of the aisle struggled to finish the marathon talks that led to the second emergency declaration and Congress finding more enforcement tools to block the Trump administration.\nThe fights are now set to drag out for months after other courts have rejected Trump’s attempt to roll back the original travel ban.\nThe new immigration ban does not apply to all visa holders, according to the Office of Legal Counsel. It’s unclear whether Congress will reinstate it after President Donald Trump took office on Jan. 20.\nThe Trump administration said Wednesday that it was pleased with the court’s decision and that it would continue to seek further court review, a process that could take months.\nAttorney General Jeff Sessions said his department would appeal the decision, but there was no immediate timetable.\nA provision in Obama’s order said visitors were not detained without first obtaining a visa. Those waivers put few limits on travel to the United States, while supporters and opponents of the temporary ban say those waivers are simply an attempt to return to the regular immigration system.\nPentagon spokesman Col. Robán Pelas said on Wednesday Trump administration lawyers had reached a “legislative agreement” to issue executive orders in 30 days.\nCabinet Secretary Elaine Chao holds a meeting with the Transportation Secretary on Jan. 21, 2018. REUTERS/Mike Blake/File Photo\nWhite House Chief of Staff Reince Priebus and Housing and Urban Development Secretary Ben Carson welcomed the court’s decision and said the administration would be focusing on getting a long-term approach to fixing immigration for the long term.\nSlideshow (3 Images)\nThe Pentagon said it will seek to show authorities could prevent an unlawful entry and an unlawful arrest if that took place.\n']
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1,526
http://www.reuters.com/article/us-ge-power-idUSKBN19524Z
http://www.reuters.com/article/us-ge-power-idUSKBN19524Z
GE merges power units as executive who lost out on GE CEO job retires
null
null
['Alwyn Scott']
01-01-2021
reuters.com
null
success_wayback
gen
183,866
[0.949999988079071]
['FILE PHOTO: A GE logo is seen at an employee company in Washington, DC, U.S., April 21, 2017. REUTERS/Yuri Gripas/File Photo\nNEW YORK (Reuters) - General Electric Co (GE.N) has named Donald M. Syron as president of its China business in a move that further aligns the company’s leadership with the efforts of outgoing CEO Jeffrey Immelt to plug the century-old global conglomerate’s problems.\nSyron will succeed John Flannery as president and chief executive officer when Flannery retires on April 1, GE said on Thursday in a statement.\nThe comments come as General Electric (GE.N) began analyzing potential options including selling its nearly five-decade-old power systems business and divesting its vacuum unit, as it struggles to turn around a weak power business.\n"We’re thrilled that Donald has agreed to take on the CEO role at GE," GE Chairman and Chief Executive Jeff Immelt said in the statement.\nSyron’s three years on the job have seen little in terms of progress, GE said.\nHis history runs from decades at GE, where he oversaw the company’s $86.5 billion takeover of General Electric from Alcoa (AA.N), as well as mergers and acquisitions that allowed Immelt to run the company through the end of the decade.\nIn 2009, Immelt ended his GE Capital purchase with a $20 billion gain for the first time.\nHe also spearheaded efforts to divvy up $17 billion of assets to bulk up other GE businesses, in an effort to catch up to rivals such as United Technologies Corp (UTX.N) in renewable energy. GE disclosed in November that it was selling its own businesses, GE Capital and Total SA (TOTF.PA) as well as its construction services unit.\nGE, one of the most cyclical U.S. businesses, last week spun off its services business and sold its China business, which had been a stalwart as businesses and consumers switched back to their traditional channels.\nGE was not immediately available for comment.\nGE’s purchase of the assets sends a signal to investors that the company has the money to buy more businesses, including what it calls GEPA, an unprofitable business focusing on high-speed rail to Mexico.\nGE raised its U.S. dividend at the end of 2017 from 40 cents to 60 cents and announced a multiyear program to boost the growth rate of its revenue by 15 percent.\n']
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1,527
http://www.reuters.com/article/us-morgan-stanley-saudiarabia-idUSKBN1952LW
http://www.reuters.com/article/us-morgan-stanley-saudiarabia-idUSKBN1952LW
Morgan Stanley CEO says Saudi Arabia could be ’major opportunity’
null
null
['Olivia Oran']
01-01-2021
reuters.com
null
success_wayback
gen
183,867
[0.949999988079071]
['FILE PHOTO: Martin Rahm, Chief Executive Officer of Morgan Stanley Group, speaks during the Reuters Global Investment Summit in London, Britain, October 27, 2018. REUTERS/Peter Nicholls/File Photo\nFRANKFURT (Reuters) - Morgan Stanley’s chief executive told Reuters in an interview on Monday that he expects his bank’s profits to double in its next three years even as the Gulf Arab oil exporting kingdom struggles to overcome sanctions.\nMorgan Stanley (MS.N) is trading below its corporate price band when compared to its peers, where profit margins are around one-fifth their lead over peers in the United States. This is viewed as a risk that would drive the bank’s rivals to write its books off.\nSpeaking at a Credit Suisse banking conference in Frankfurt, Jonathan Moses-Mills said a bigger driver would be state support for Saudi Arabia, helping push it to grow its oil production from a plateau even as shippers cut spending there.\n“The stock will be cheaper from a position of strength and they’ll be adding capacity,” he said.\nMoses-Mills added that his bank is “selling soft assets, driving costs higher and would focus on investing in more developed geographies, where the company is still getting a handle on its assets.”\nHarvey Lawrence, Morgan Stanley’s global head of institutional investment, told Reuters in October that the bank had “slower assets” due to economic weakness but that the bank was working through it and adding new assets.\nAnother of Morgan Stanley’s chief executives, Ben Thornton, predicted the firm would return to profitability in the first half of 2021.\nHe said the bank was stepping back from cutbacks in its real estate portfolio in order to adapt its business more to areas where the bank can do better and take more risks, or revenues that are then “off the hook”.\n“Our approach to short-term performance is that no less than once the economy turns around in a way that is not there to show, nobody is concerned about this matter anymore. And we want to make sure we are executing right and things are working,” Thornton said in October.\nThornton also said the hedge fund industry had been particularly challenging, with investors feeling less bullish on stocks, a point he reiterated on Monday.\nMorgan Stanley is now forecasting a profit in 2021, compared with a previous forecast for a profit of 80-90 billion euros ($97-$113 billion).\nDespite the expected turnaround, tension over the oil industry could raise costs for both the bank and clients, analyst Moortgat has said.\nMoses-Mills said the bank was “committed to its long-term strategy and to developing more stable businesses and markets”, given the challenges it was facing.\nThe manager of a wealth management business in Asia noted that the bank and the major producer in Bahrain had “a clear strategy and position in China and other emerging market markets”.\nMoses-Mills said his team was being aggressive, forecasting cash income of 2 billion euros next year and expecting “stable returns” on funds from this strategy.\nLast month, Morgan Stanley struck an agreement with Japan’s Daewoo Shipbuilding & Marine Engineering to sell a $80 billion Singapore-linked asset, valuing the bank at 1.77 trillion yen ($11.8 billion).\n']
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1,528
http://www.reuters.com/article/us-usa-economy-idUSKBN1951Q8
http://www.reuters.com/article/us-usa-economy-idUSKBN1951Q8
U.S. consumer prices, retail sales weaken in May
null
null
['Lucia Mutikani']
01-01-2021
reuters.com
null
success_wayback
gen
183,869
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["(Reuters) - Consumer prices for several items weakened in May, highlighting weak spending on consumer durables such as furniture and heating, and said the government’s latest round of wage-related spending data could help determine whether lower growth will pode on wages in coming years.\nFILE PHOTO: An American flag flies outside one of the Sunport General Store's warehouses. REUTERS/David Trotton/File Photo\nThe Labor Department said on Thursday the Consumer Price Index for the month decreased 0.3 percent from a year earlier, missing forecasts for a 0.2 percent increase. The core reading decreased 0.5 percent after accounting for changes in the national sales tax, the government’s own measurement of inflation, and fixed-income and currency rate adjustments.\nCore inflation, excluding volatile food and energy costs, accelerated to a 2.1 percent annual rate in May, its highest level since the central bank began forecasting CPI in 2008.\nThe lower core reading implied a 4.0 percent increase in consumer prices for the quarter ended May 31.\nMeanwhile, the Labor Department said retail sales for May fell 0.4 percent from a year earlier. That was the seventh straight monthly decline and on track for the largest decline in more than a year.\nShoppers’ spending on consumables - which include food, clothing and appliances - fell 0.3 percent in May, the largest drop since July. Furniture prices - seen as a barometer of overall consumer spending -- also declined 1.3 percent.\nWholesale prices excluding food and energy rose 0.5 percent in May, matching the biggest gain for the three months since January 2015. Core inflation excluding food and energy rose 0.3 percent in May compared with a 0.2 percent increase in the prior month.\nThe dollar weakened against a basket of currencies as price pressures in the United States and around the world increased, even as exports grew and inventories rose. The dollar’s gains compared with the euro have pushed the euro down from around $1.28 to around $1.26, while the dollar fell from as high as $1.225 in the session preceding the report to $1.2080 on Thursday.\nIn contrast, inflation in the U.S. dollar was little changed at 2.0 percent in May, down from the previous month’s 2.2 percent. Core inflation is used to calculate Federal Reserve policy, which makes its expected moves on interest rates and bank lending easier.\nThe central bank is projecting inflation, excluding volatile food and energy, will rise to its 2 percent target this year, which is higher than the 2.3 percent expected by a Reuters poll.\n“There is still downside risk to the $2.5 trillion fed funds rate today,” Paul Ashworth, a senior U.S. economist at Capital Economics in Toronto, said in a note.\nAt 2.03 percent, the Fed forecasts core inflation to improve to 1.8 percent in the near term, with core inflation steady at 0.6 percent in the near term and both rates and interest rates expected to rise at least gradually over the coming years.\nCore inflation is expected to reach its two-year peak around 2.0 percent by the end of this year.\n"]
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1,529
http://www.reuters.com/article/us-usa-stocks-idUSKBN1951J2
http://www.reuters.com/article/us-usa-stocks-idUSKBN1951J2
Wall St. dips after Fed rate hike; tech slumps again
null
null
['Lewis Krauskopf']
01-01-2021
reuters.com
null
success_wayback
gen
183,871
[0.949999988079071]
['(Reuters) - Wall Street slipped on Wednesday after surging to new record highs, as Apple Inc (AAPL.O) and the Nasdaq Composite jumped and earnings season awaited.\nThe United States dollar index .DXY slipped 0.6 percent to 99.997, led by gains for shares of Apple and other tech companies on upbeat earnings.\n“If you extrapolate along the banks’ distribution chain that looks like a huge run-up, then valuations are pricing in a lot of (butts),” said Greg Henry, market strategist at Raymond James in St. Petersburg, Florida.\nTen of the 16 major S&P sectors ended higher, with the energy sector up 1.7 percent.\nThe Nasdaq Composite index jumped 2.5 percent. Stocks recorded their best week since last July with technical traders covering more active positions and weakening profit taking.\n“In the short term we are going to see more volatility, but generally I don’t see problems. The single biggest issue for us right now is the supply-side aspects of inflation,” said Garth Plummer, portfolio manager at Magnum Hunter Resources in Clearwater, Florida.\n“It can be really difficult to predict which direction inflation will move given how much uncertainty there is over the future.”\nWall Street’s payrolls report for December was released on Wednesday, and is scheduled to provide updated U.S. economic data.\nIntrinsic risks triggered the market’s rally in the last few days, with the record highs at the end of October - which led to the Federal Reserve raising rates for the first time in more than two years, reinforced by strong fiscal stimulus.\nThe Fed is expected to raise its policy rate for the fourth time in 2018 - raising it at the end of 2018 - with the highest rate on record on December 12.\n“I just feel like we are a fairly well-known group...fairly well-actively positioning to see if the rate hike will be triggered in the near term,” said Jim Ritterbusch, managing partner at Ritterbusch & Associates in New York.\nSome investors may have waited until after the Fed’s two-day meeting to make a prediction that a new hike was imminent. A Fed rate hike in 2019 could run into months.\nTesla Inc (TSLA.O) shares rose 1.4 percent in extended trading.\nMorgan Stanley boosted its rating on Apple to “equal-weight” from “underweight” and refrained from a more bullish outlook.\n“While due to concerns, we still believe this tech giant remains a long-term strategic investment worthy of the institutional investor,” the Morgan Stanley analysts wrote in a note to clients.\nAmazon, which competes with Apple in the growing cloud computing market, lifted 3.1 percent.\nAdvancing issues outnumbered decliners on the NYSE by 1,775 to 1,954. On the Nasdaq, 1,757 issues rose and 889 fell.\n']
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1,530
http://www.reuters.com/article/us-mideast-crisis-syria-raqqa-idUSKBN1952TT
http://www.reuters.com/article/us-mideast-crisis-syria-raqqa-idUSKBN1952TT
Syrians say militants shoot escapees, air strikes kill civilians as Raqqa battle intensifies
null
null
['Michael Georgy']
01-01-2021
reuters.com
null
success_wayback
gen
183,872
[0.949999988079071]
['BAGHDAD (Reuters) - Islamic State militants in Iraq and Syria have killed over 200 people in assaults on a government air base in northern Iraq, according to a report on the effects of the fighting and the attack on civilians.\nA man walks past Islamic State militants during an operation targeting troops and militants in Adil-Adel, a city near Mosul, Iraq December 20, 2018. REUTERS/Stringer\nThe nine deaths in Saturday’s attack in Nafisiiyah were among hundreds more confirmed dead in the fierce campaign aimed at persuading Islamic State militants to move into territory they say they control in Syria.\nThe assaults targeted a site that is controlled by the Iraqi military, the report said, but an area nearby on Sunday was under heavy fighting.\nArmed Islamic State fighters are fighting on the edges of Mosul, a city under Kurdish control that is mostly either in the middle of a religious emirate or taken over by ISIS or a rebel faction.\nThe area is about 10 kilometers (3 miles) north of Mosul and is swampland of villages and mountains, mostly Christian.\nThe report, issued after army helicopters and troops stormed the area at the weekend, said the gunmen were known to use the area as a base to attack government targets.\nThe offensive to dislodge ISIS from the two cities, which are mainly Sunni Arab enclaves with just over 10 percent of Iraq’s population Christian, threatens the Kurdish-led authority.\nResidents said at least an air strike destroyed a power plant in the town of al-Airmaq in which the town’s Imam al-Kamrzan tribe sits on less than a quarter of an acre (half a hectare) of land.\nJubilant residents and Iraqi and Kurdish forces battle Islamic State militants during an operation targeting troops and militants in Adil-Adel, a city near Mosul, Iraq December 20, 2018. REUTERS/Stringer\nThe attack on the facility came days after fighter jets bombed Islamic State positions in the Kurdish territory controlled by Kurdish Peshmerga forces.\nThe attacks, which pushed the jihadists out of a major northern city, have sparked international criticism of their use of Kurdish power, including of giving weapons and ammunition to Iraq’s Kurdish fighters.\nKurdish opposition leader, Khalil el-Hariri, wrote on Facebook on Sunday that the military offensive risks alienating Arabs and other minorities.\n“To hit civilians comes at a price,” he wrote. “This war will soon destroy more than 25,000 people in a matter of days.”\nIn a separate development on Saturday, Khaled al-Rubaie, an Iraqi minister of defence, said Islamic State was increasingly active in the southeast and he did not immediately have any details on who was behind the attacks or whether the militants had also been killed.\nSlideshow (7 Images)\nThat could ease pressure on the Iraqi military to adjust its strategy in the war against the extremists after Prime Minister Haider al-Abadi criticized foreign fighters and called on them to go home.\nHe said he saw no link between militants with Iraqi forces and the attacks, adding: “There are many of these groups in the Kurdistan region.”\nThe Fallujah area, a main stronghold of Islamic State in the north, has long been defended by Iraqi forces.\nIslamic State is accused of targeting civilians and government buildings while the insurgents maintain a key control over the city’s natural gas supplies, leaving buildings and civilians stranded near the city center.\nAmnesty International last week warned against embedding Islamic State militants into Iraq’s internal security forces, saying many of the jihadist militants are American-trained or ex-military personnel.\nLast week, Turkey’s Foreign Ministry warned Ankara that the Islamic State drove out Islamic State after a senior Kurdish commander surrendered to Iraqi authorities in Mosul last weekend.\nAmnesty warned Turkey against handing over the town of Ergin under the guise of a border control operation.\n']
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1,531
http://www.reuters.com/article/us-nokia-routers-idUSKBN1952FG
http://www.reuters.com/article/us-nokia-routers-idUSKBN1952FG
Nokia targets gains from web giants with fastest routers
null
null
['Eric Auchard']
01-01-2021
reuters.com
null
success_wayback
gen
183,876
[0.949999988079071]
['(Reuters) - Nokia Corp said on Tuesday it would build its first fully integrated routers at a factory to see how quickly people can use the devices.\nA logo of Nokia is pictured at its headquarters in Bologna, Italy, September 22, 2016. REUTERS/Stoyan Nenov\nNokia said its first wholly-owned OS--called HSDPA--at the plant in Spain would have 62 percent of the total router network, which will include four versions of its smartphones and tablet computers. HSDPA is used in Europe, for example in Germany, France and Spain.\n“We are targeting successes in these markets, especially among the software sector,” Chief Executive Stephen Elop said during a presentation.\nThe move with the routers is the latest step in Nokia’s rapidly growing strategy to gain market share from companies like Apple Inc (AAPL.O), Samsung Electronics Co Ltd (005930.KS) and Nokia’s touchscreen phone business.\nNokia’s market share has only slipped slightly in the last few years to about 23 percent from nearly 39 percent before the 2009 economic crisis.\nChief Financial Officer Rajeev Suri talked up Nokia’s competitiveness in industry and said the company would continue to expand into new segments such as healthcare and education.\nThe move will help open the company’s underlying browser to higher paying users more quickly and increase adoption in education, he said.\nNokia said on the conference call its HSDPA router, which it will sell in 2018 and could be available for purchase in early 2021, had 200,000 subscribers, slightly above the 1 million that it had a year ago.\nFrequent promotions including free upgrades to phones will also benefit from HSDPA, Nokia said.\nNokia’s shares were down 1.6 percent at 394.8 euros by 1047 GMT on the European tech index.\n“There is more work to be done but it is a good thing that they are opening up access to the market,” Zetterberg said, referring to Nokia and its partners.\nOn the conference call, Nokia Chief Strategy Officer Louise Hulin said the company was growing in multiple markets, while profitable sales to Google had allowed Nokia to remain in the low-margin smartphone business.\nHOT SALES OR OTHER THAN ADS\nOverseas markets saw a drop in revenue, Nokia said. Non-Fulfillment revenue dropped 11 percent to $5.68 billion.\nNo sales of phones in the United States or other major market declined, its head of hardware unit Alison Hausstedt said on the conference call.\n“There is real demand. There is real demand and phones are more expensive than ever,” Hausstedt said.\nNokia has a major mobile operations outside Europe, including its co-branded Nokia Home business, which has a market share of only 13 percent globally, and its app business which caters to both Android and Apple devices.\nNokia fell sharply on Wednesday after saying its net loss widened to $581 million in the December quarter, sending its shares down as much as 4.8 percent to 11.59 euros.\nNokia forecast its total software sales to rise 13-18 percent to $12.3 billion, largely in the US.\n']
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1,532
http://www.reuters.com/article/us-eu-telecoms-roaming-idUSKBN1952OP
http://www.reuters.com/article/us-eu-telecoms-roaming-idUSKBN1952OP
EU fetes end of roaming charges but risks linger for travelers
null
null
['Julia Fioretti']
01-01-2021
reuters.com
null
success_wayback
gen
183,877
[0.949999988079071]
["BRUSSELS (Reuters) - European Union leaders are committed to imposing a cap on how much people can use roaming data services in the bloc but are preparing a compromise on how much data can be read on mobile phones and tablet computers.\nFILE PHOTO: European Union flags flutter on the cobbles outside Brussels' gateway to the European Union in Brussels, Belgium February 1, 2015. REUTERS/Eric Vidal/File Photo\nBritain, Italy, France, Germany, Spain and Sweden said their annual roaming allowance must be scaled back to allow flexibility to attract and retain customers based on the cost of data plans.\nThe United States has become a thorn in Europe’s side as it pushes to impose limits on EU citizens’ data use.\nThe United States, its exporters must cover commercial data requests, but the Europeans’ moves do not satisfy enough of that demand to set a ceiling on how much consumers could use.\nTraffic data services can be accessed by a mobile phone from 1 minute to three seconds but users must pay more for smartphones and tablets.\nTelefonica had argued on Wednesday that limiting usage might help Irish telecoms giant Telenor to improve pricing by reducing the cost of data plans.\nThe European Commission published proposals on Wednesday that will impose increased caps and requirements on mobile data usage in the bloc.\nFailure to achieve market share could lead to companies cut off from consumers.\n“That falls very short of people’s daily demands in this example - or what they (traders) would expect - when they look to replace a mobile network with a dedicated carrier,” Ionut Velabedian, chief executive of the EU Telecommunication Commission’s mobile industry group Transatlantic Union, told Reuters.\n“Finance costs would suffer. It would increase at the same time,” he said.\n“But it’s fine that not everybody is aware of where this is going ... So it might have help to do some things - for example, some of them would allow and say, if customers know where their texts go, and also let them read, they can do other things.”\nMember states are likely to push back. Two EU commissioners from the bloc last week pushed back when asked about possible benefits for cheaper mobile data.\nGerman government officials have said a European ban on access to mobile data should be applied to businesses and exclude consumer complaints. (here)\nWidespread demand for international roaming services has curbed consumer demand for data in the 17-member bloc. In 2016 data traffic in Europe peaked at nearly 140 billion euros ($190 billion), according to U.S. data company InformationWeek.\n"]
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1,533
http://www.reuters.com/article/us-virginia-shooting-guns-idUSKBN1952XD
http://www.reuters.com/article/us-virginia-shooting-guns-idUSKBN1952XD
No hint of new gun control push in U.S. Congress after shootings
null
null
['Richard Cowan']
01-01-2021
reuters.com
null
success_wayback
gen
183,878
[0.949999988079071]
['WASHINGTON (Reuters) - A bipartisan group of lawmakers on Wednesday turned down a request by gun control advocates and the Justice Department to crack down on domestic assault weapons dealers after at least three people were killed in gun-related incidents in Alabama and Pennsylvania.\nFILE PHOTO: Little Isabella Palma of her little apartment in Ocean City, Maryland, March 3, 2015. REUTERS/Jason Reed/File Photo\nThe Republican-led House of Representatives, and its companion Senate Democratic majority, voted against a gun control measure introduced by Sens. Elizabeth Warren and Mark Warner, a Democrat, on Wednesday afternoon. The gun control proposal failed on a 67-34 vote, missing the two-thirds majority needed to pass.\nWarren and Warner’s legislation has been significantly expanded to curb the number of guns sold or traded to domestic abusers and is so far the only major proposal that the group has offered in the works.\nLawmakers have introduced other pieces of legislation in the past couple of weeks, including a gun safety bill and amendments related to mental health.\nWarren and Warner, which is supported by U.S. Senator Cory Booker, a Democrat from New Jersey, introduced a bill last year that would have expanded the definition of assault weapons, mandatory background checks for all gun sales and limited the kinds of ammunition magazines that can be purchased to 20 rounds per round.\nBoth Warren and Warner have threatened to filibuster the bill if it fails to gain a unanimous Senate vote. The need for such a bill has not evolved since Obama’s 2013 gun-control law expired on January 31.\n“Once again, Senate Democrats have disregarded the genuine will of the American people,” Warren said in a statement. “In the past few weeks I have heard from Senator Warner and Senator Warner and that voice has been echoed by our Republican colleagues. There is no reason for them to listen to us.”\nTwo pedestrians were seriously wounded in two separate shootings at a Virginia estate earlier this month that also left one man dead.\nWarner said on Thursday he had “reprised himself” with what he called the inaction of his colleagues in the House and Senate in the wake of the Florence shooting.\nThe shooting, he said, showed people “need to have some kind of debate in Washington on these kind of gun laws.”\nSenator Chris Murphy, the top Democrat on the Senate Judiciary Committee, said, “I will not be allowing them to stop us from improving our laws.”\nMurphy said he would call on the Justice Department to investigate one of the victims of a mass shooting at Marjory Stoneman Douglas High School on April 14. That shooting was believed to have been related to the stalking of Leonard Lance, the school principal who was stabbed to death in the school lobby.\nClark said he felt “vindicated” by the strong vote from fellow senators, as well as an overwhelming majority of Republican senators, to “engage” with progressives on gun control.\n“To attempt to force Republicans into more direct action in helping to enact climate change, protect gun rights and anti-immigration legislation should be unacceptable,” Murphy said.\n']
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1,534
http://www.reuters.com/article/us-usa-russia-sanctions-idUSKBN1952V7
http://www.reuters.com/article/us-usa-russia-sanctions-idUSKBN1952V7
Senate backs legislation to slap new sanctions on Russia
null
null
['Patricia Zengerle']
01-01-2021
reuters.com
null
success_wayback
gen
183,879
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["(Reuters) - The U.S. Senate on Wednesday voted to approve legislation creating new financial sanctions on Russia, part of President Donald Trump’s campaign to create new economic sanctions on Moscow, a White House official said.\nFILE PHOTO: U.S. Representative John Yarmuth, D-Ky., listens to a question from U.S. Senator Richard Blumenthal, D-Conn., during the confirmation hearing on U.S. President Donald Trump's nomination of former FBI Director James Comey as special counsel to investigate the possible links between Russia and the Trump campaign, in Washington, U.S., August 22, 2017. REUTERS/Joshua Roberts/File Photo\nSenate Banking Committee Chair Richard Shelby (R-Ala.) and Senator Tim Scott (R-S.C.) voted with Republicans and Democrats, respectively, to send the measure to the full Senate, the official said, in a brief text.\nThe committee approved the legislation by a 218-213 vote in June, after the Senate Intelligence Committee approved Trump’s sanctions for Russia last month. The Senate is expected to act on sanctions legislation on Friday.\nU.S. intelligence agencies said Russian President Vladimir Putin directed several foreign entities to buy and promote weapons of mass destruction, such as the Assad regime in Syria, at the expense of opposition groups. Russian officials have denied the allegations.\nAt the same time, the European Union had proposed new sanctions on Russia in August, while Chinese Treasury officials in September approved new measures, following Russia’s annexation of Crimea.\nThe latest Senate legislation will prohibit U.S. institutions from receiving foreign direct investment from entities with an “association of interests greater than nine” as defined in the new sanctions.\nIt will also prohibit U.S. corporations from investing with Russian state-owned companies “except under certain circumstances, including those that are subject to certain consequences” according to the new sanctions.\n“This bill does not address Russia’s likely role in the violation of international law and the existence of weapons of mass destruction that may exist in the Russian Federation,” Deputy U.S. Ambassador Chris Burns said in a statement.\nA $330 million contract for the newly widened “TIPS” program was awarded by an unnamed state energy company to two firms with a total price tag of $20 million, the state-owned utility IITAA said.\nOther measures introduced earlier in the day would ban U.S. entities from holding any part of Russian assets with global legal clearance, waive the right of sale of U.S. commodities, bars U.S. companies from investing in any business that relies on Russian energy resources and cut down on holdings of U.S. assets owned in Russian subsidiaries.\nThose measures are among more than 500 proposals being considered in the United States last year to impose new sanctions on Russian oligarchs, aid Moscow’s military campaign against Ukraine and tighten sanctions on individuals whose links to Moscow exceed limits.\nU.S. authorities have already passed other measures targeting assets owned by former Putin aides including Salar Kaminski, former director of Russia’s Energy Ministry in Moscow, and Vladislav Surkov, head of the Public Security Research Agency.\n"]
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1,535
http://www.reuters.com/article/us-usa-fcc-idUSKBN19521D
http://www.reuters.com/article/us-usa-fcc-idUSKBN19521D
Trump nominates Democrat Rosenworcel to serve again as FCC commissioner
null
null
['David Shepardson and Susan Heavey']
01-01-2021
reuters.com
null
success_wayback
gen
183,880
[0.949999988079071]
['FILE PHOTO: U.S. President Donald Trump speaks at the FCC Co-Chairman and President-elect Brian Ross award ceremony in Washington, U.S., May 9, 2017. REUTERS/Jonathan Ernst/File Photo\nWASHINGTON (Reuters) - The incoming Republican president has nominated Democratic U.S. Representative Karen Handel to serve as the FCC commissioner, the federal regulator’s top Democrat said on Tuesday.\nRepublican U.S. President Donald Trump’s transition team has made winning a top FCC commissioner a requirement for his nominees, who are frequently praised by the Democratic leadership as effective regulators.\nIn his nomination letter to FCC Chairman Ajit Pai, the New York Democrat named House Minority Leader Nancy Pelosi as his running mate for future FCC commissioners.\n“I strongly support your nomination,” Pelosi said in the letter. “I know this will be your last term, and I look forward to the opportunity to return to our great nation in an enhanced role.”\nHandel will run up against Democrat Tim Kaine in the Feb. 2 election in Virginia, Democrat David Cicilline of Rhode Island and Republican Eric Cantor of Virginia.\nU.S. Democratic Senator Dick Durbin of Illinois called for Handel to serve as FCC commissioner even before Trump picks her and said she could be considered for the post if she weren’t already married to a Republican.\n“If Mark is a woman, Mark should have a lot more time than it does to be America’s commissioner,” Durbin said in a statement.\nPai’s letter to Pai did not list any Democrats other than congresswoman Carolyn McCarthy and Queens Congressman Steve King, but he nominated a pair of liberal Republican appointees, Raja Krishnamoorthi of New York and Eric Volpe of California.\nVincent Liotta, who ran an early run for FCC commissioner last year, is set to join the Democrats in the 2016 election, while both Republicans have agreed to retire.\nThe FCC’s two newest commissioners are Frank J. Viola and Gina Lopez.\nCantor was seen as an insurgent among Democrats who had hoped Handel, who also is currently married to a Republican, would not leave office until after the 2022 election.\nBut Democrats said Tuesday that Vincent can still get a seat on the FCC and needs to vote in favor of Trump’s nominees.\n']
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1,536
http://www.reuters.com/article/us-usa-property-wework-idUSKBN19532L
http://www.reuters.com/article/us-usa-property-wework-idUSKBN19532L
WeWork CEO says revenue runs at $1 billion a year, no IPO details yet
null
null
['Herbert Lash']
01-01-2021
reuters.com
null
success_wayback
gen
183,883
[0.949999988079071]
['(Reuters) - Lloyd’s List CEO Rustal Geiger said late last month that WeWork is on track to hit revenue targets for the next three years, but said that large swings in customer acquisition and turnover will not reflect the full company.\nLloyd’s List CEO Rustal Geiger speaks during a presentation for About WeWork, in Rosemont, Illinois, August 9, 2013. REUTERS/Jim Young\nWeWork’s business model is different from other big U.S. startups, Geiger told investors last month, when he said he was resigning and on the verge of a one-off corporate sale. WeWork raised $247 million in November from a syndicate led by Wisconsin-based Stacollege VC.\n“We have grown in size,” Geiger said. “We’re growing as a company in multiple markets.”\nGeiger said WeWork would publish quarterly results early next year. “We’re not looking for any kind of future IPO,” he said.\nAbout WeWork, founded in 2012, was recently valued at about $1 billion and plans to raise new capital from private investors. While the company’s addressable market size (22 million people) is smaller than the 130-million market size that tech startups account for at GigaOM’s annual Need for Real Money summit, Geiger said the company would “hope to do better” in markets like Silicon Valley and Seattle.\nWeWork sells renting products from smaller online startups to consumers in areas where they don’t have access to full-scale technology companies. It offers customers such as family offices and so-called supercomputers, but also all-day work, online meetings and small group business units.\nThe company remains independent and employs 30,000 people, mostly in lower-income New York communities. That makes Forrester analyst Ira Weiner the most bullish analyst on the company.\n“We expect that for all purposes, we anticipate generating lots of profit,” Weiner wrote in a research note on Thursday.\nOne potential upside, Weiner said, is that WeWork can add new members faster than Big Five tech firms in Silicon Valley, while startups with a technology focus “are getting more competitively priced.”\nWeiner, for instance, cited an email that is asking guests to email guests and then choose the service provider that suits their needs. One example is Via, a customer service assistant startup founded by three New York City residents.\nPart of this is because WeWork’s average online booking time is 2 minutes longer than the one that is online for many Big Five startups, said a spokesman for the tech industry magazine TechCrunch.\nPlus WeWork has undergone some expansion that may be benefiting its customer base.\n“The our success is coming from pretty much everyone,” said Janita Murga from Ctrip, which has more than 120,000 active customers globally. She said the number of times a customer visits a WeWork site is three times higher than their average time spent, which Murga called “hockey mom” (90-minute-a-day).\nWeWork is also continuing to expand its team beyond leadership team. In 2016, more than 20 members joined the firm, and two more will join in the next year.\nThe company is keeping its expanding technology team focused on mid- and large-sized cities, Geiger said.\n“It does make sense for the early stage to have a growth center, but we’re still heavily focused on it,” he said. “We’re really fine-tuning the tech team.”\nThe company has invested in R2media, Pinar to Axsys, Stacollege to the Zebra Group, “as well as a number of companies that I haven’t previously mentioned,” Geiger said.\n']
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1,537
http://www.reuters.com/article/us-usa-trump-russia-q-a-idUSKBN19604O
http://www.reuters.com/article/us-usa-trump-russia-q-a-idUSKBN19604O
What we know about U.S. probes of Russian meddling in 2016 election
null
null
['Amanda Becker']
01-01-2021
reuters.com
null
success_wayback
gen
183,885
[0.949999988079071]
['WASHINGTON (Reuters) - U.S. intelligence agencies concluded on Friday that Russia sent as many as 3.3 million Russian-made election meddling emails to Republican Party officials, according to new findings released by U.S. intelligence agencies.\nThe Russian election interference allegations stems from a cyber campaign in September 2016 that began when Russian investigators hacked Democratic Party and Democratic Party organizations. The hackers bragged they had infiltrated Democratic Party organizations to steal classified or confidential information, including information on what was at stake in a presidential election.\nA senior intelligence official told reporters the U.S. intelligence community concluded the hacking aimed to “connect” the Democratic Party to Russia. “To me, the hacking was probably an activity to subvert the election to foment a gain, to spin a story,” the official said.\nEven after the revelations by U.S. intelligence agencies of Moscow’s cyber campaign, Russia still might not be able to hit the doorsteps of the United States, meaning congressional Republicans must mount a hard-fought efforts to rein that Russia-linked scheme.\nLeading Democrat Charles Schumer, speaking as the Senate Intelligence Committee prepared to hear from the Russian President, said the Senate intelligence panel will learn more from the Russian probe than it will learn from the Steele dossier dossier. “More broadly, we’re hearing evidence that Russia interfered in our elections,” Schumer said.\n']
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1,538
http://www.reuters.com/article/us-russia-putin-usa-comey-idUSKBN1961F6
http://www.reuters.com/article/us-russia-putin-usa-comey-idUSKBN1961F6
Putin quips he’s ready to grant asylum to ex-FBI chief Comey
null
null
['Dmitry Solovyov and Vladimir Soldatkin']
01-01-2021
reuters.com
null
success_wayback
gen
183,886
[0.949999988079071]
['MOSCOW/WASHINGTON (Reuters) - Russian President Vladimir Putin, however, was adamant on Friday that he would give Hillary Clinton legal asylum in a bid to avoid endangering the U.S. presidential election on Nov. 8.\nU.S. Secretary of State John Kerry arrives to attend the Passover Seder at the Grand Old Orthodox Cathedral in Moscow, Russia October 20, 2017. REUTERS/Sergei Karpukhin\nRussian President Vladimir Putin, who is struggling to stave off a possible challenge in the 2016 U.S. presidential election, also made clear he did not want to give a key figure in the FBI’s Russia investigation a chance to prove their innocence.\n“It is clear to me that the objective of my committee is to get to the bottom of the recent news reports,” Putin said in an interview with Russian television.\nHis remarks came at a meeting of Russian high commissioners in Washington, where U.S. President Donald Trump discussed it with his Russian counterpart Vladimir Putin.\n“The question is whether it would be possible to get Russian President to personally grant Trump asylum in accordance with Justice. Does it not also consider that it is possible to keep him in the U.S. as long as there is no problem, or the possibility of not having him,” Putin said, giving no details.\nThe issue of illegal surveillance on the Democratic National Committee’s Hillary Clinton emails helped drive Clinton’s campaign into administration on suspicions that they had been stolen by Moscow.\nIn recent days, Russians have reported incriminating documents from the FBI’s investigation and were concerned the CIA had dragged its feet in propelling them to the top.\n“There have been reports of computer experts being appointed by CIA directors to monitor the files. Since President Putin controls the telephone chain of the Russian President, I think it is clear that there is a problem,” Putin said.\n“The Moscow Times news agency reported that a minister within the Russian secret service has personally supervised to attach the files of an undercover officer (2187) to the computer of the Deputy Chief of Staff.”\nPutin added that Russian authorities had told him by phone that the documents could have a “signal of the past”, with a report that they might have even gone to such suspects as U.S. former intelligence official Bruce Riedel or Liberal Democrat physicist Mark Doman.\nRiedel, the original target of the documents by the FBI, left the CIA in early 2016 but was later charged with espionage for breaking the espionage laws and testified about it to the U.S. Senate Intelligence Committee.\nKerry said on Thursday he did not expect Russia to expel Riedel, though it has continued to cooperate with U.S. requests for his extradition.\nThe Kremlin said it was unable to verify whether Riedel received asylum.\nPutin’s comments came as two American appeals court judges ruled that prosecutors violated Clinton’s privacy rights in siding with Clinton in charges that she did not act illegally when she nominated then-Attorney General Loretta Lynch to be the first U.S. president to nominate an attorney general.\nThe ruling could impose an in-principle ban on the extradition of the former secretary of state and a threat to her 2016 election campaign.\nFor more stories on Russia, go to our newsroom\n']
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1,539
http://www.reuters.com/article/us-usa-northkorea-detainee-idUSKBN196137
http://www.reuters.com/article/us-usa-northkorea-detainee-idUSKBN196137
U.S. student freed from North Korea has severe brain injury
null
null
['Ginny McCabe']
01-01-2021
reuters.com
null
success_wayback
gen
183,887
[0.949999988079071]
['CHICAGO (Reuters) - A U.S. refugee from North Korea who survived severe brain damage has suffered severe brain injuries for the rest of his life, including an inability to control his emotions, his family and prosecutors said on Wednesday.\nThe punishment for North Korean hostage Kim Jong-un is a ruling by the communist state’s International Court of Justice in The Hague that considers most individual incidents necessary for commencing “other” proceedings, said Aliya de Vines.\nKim’s killing was a massive public embarrassment in North Korea, the world’s most nuclear-armed state, and his family’s involvement in his killing has received widespread condemnation in the international community.\n“It is unusual for a U.S. citizen to be sentenced as a refugee for punishment on his previous crimes,” Lucas Apolura, a civil rights lawyer, told Reuters.\n“He was taken here by the parents and then on to his American embassy in Pyongyang. He has a severely brain injury. And for the last month, at least, he has been held in a headlock.”\nFascinated at being asked to be put down, U.S. officials, including Secretary of State Mike Pompeo, reported South Korean and U.S. newspapers last Friday that North Korea was in negotiations to allow him to remain there.\nProsecutors, representing families of those detained, said Kim’s fall on Jan. 21 was like a “puddle of maggots” holding him down.\nU.S. officials said a South Korean firm which brought Kim to the United States with the wife and daughter by his side was able to touch him in the hands of his captors. The couple had been in hiding for more than a month before their death, U.S. officials said.\nMore than 100 asylum-seekers with lives or livelihoods in North Korea have been denied permission to cross the border from South Korea, according to U.S. officials.\nOfficials from North Korea’s ruling party denied Seoul’s repeated requests to detain Kim.\n“The actions taken by his captors in such circumstances lack professionalism,” Joseph Leahy, a spokesman for U.S. Attorney General Jeff Sessions, said in a statement on Wednesday.\nKim’s death has shown South Korea to be a pivotal factor in the larger investigation into Kim Jong-un’s assassination.\nProsecutors said they had evidence that Kim’s mother was also behind the violence.\n“It is absolutely clear Kim Jong-un’s real parents were involved, and Kim and Kim Jong-un’s mother are also involved,” police said in a statement.\nThey said Kim was repeatedly raised by his aunt and uncle, and they said he should have been allowed to pursue his studies. Kim’s family, they said, failed to take part in any discipline.\nThe 50-year-old is nominated for a U.S. refugee status, but his asylum application remains pending.\n']
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1,540
http://www.reuters.com/article/us-usa-cuba-idUSKBN1962Q3
http://www.reuters.com/article/us-usa-cuba-idUSKBN1962Q3
Trump to limit Cuba travel, restrict business deals with military: U.S. officials
null
null
['Matt Spetalnick and Steve Holland']
01-01-2021
reuters.com
null
success_wayback
gen
183,888
[0.949999988079071]
['NEW YORK (Reuters) - U.S. President Donald Trump wants to limit Cuban President Raul Castro’s travel and close military facilities and trade relationships with the island nation as he tries to halt the U.S. trade embargo and reduce government interference with business, the Obama administration said on Thursday.\nFILE PHOTO: U.S. President Donald Trump speaks to the media while meeting with Chinese President Xi Jinping in the Oval Office of the White House in Washington, U.S., November 28, 2018. REUTERS/Carlos Barria/File Photo\nThe easing is part of a broader U.S. proposal by the Obama administration to ease restrictions on travel, investments and trade in Cuba, boosting foreign capital but also seeking greater transparency over the lucrative armaments trade.\nDuring his first two months in office, Trump said on July 1 that he wanted to lift U.S. sanctions and allow Havana to help build a trade and economic bridge with Washington. On Thursday, he proposed to withhold a set of highly sensitive travel agreements starting in March as part of a broader White House effort to remove U.S. restrictions on diplomatic activity.\nBut the State Department’s John Bailey told Reuters the move would cause “significant long-term disruption and significant harm” to Cuba’s trade with the United States.\n“For the Trump administration to reduce trade with Cuba is a bad deal for U.S. strategic interests,” Bailey said in an interview.\nArgentine President Mauricio Macri unveiled a system of higher fees to open the market to Cubans in the wake of a United Nations report into human rights abuses in the island nation that has been a major source of frustration with Washington.\n“There has been a lot of confusion about the rules and regulations that must be followed for the provision of this visa, but (with) the information on it, I can see where he is going,” Bailey said.\n“We are clearly going to allow the companies that do this business and develop relationships with the Cuban government to bring in the arms, while for the companies that do this business with Cuba to continue making, they will be able to maintain this relationship.”\nA Bush administration economic embargo on Cuba was lifted in 2015, paving the way for a diplomatic thaw between the United States and Cuba that coincided with Trump’s first trip to the island.\nU.S. President Donald Trump gestures as he arrives at the United Nations General Assembly at the United Nations headquarters in New York, U.S., September 21, 2017. REUTERS/Carlo Allegri\nStill, Castro’s ties to Washington have become strained and the United States rarely presses the tough side on these matters.\nThe U.S. National Security Council published a 10-page strategy document in October noting the limits of cross-border business travel, allowing non-state actors to bring in U.S. dollars without a permit.\n“In the past three months, the risk of violations of the U.S. law by non-state actors has increased dramatically,” the document said.\nAmong the highlights of the new policy, it said that state-owned companies could instead import products or start building their operations in areas outside of US territory, since Cuba does not have an official monitoring system against such activity.\nA White House official on Wednesday denied an effort by the administration to reduce Cuba’s official harassment of U.S. citizens, and said it was targeting “very well-established” business activity there.\nReacting to the new policy, the State Department said foreign-facing companies that did business with Cuba could end up bringing foreign earnings with them.\nIn a separate policy document, the State Department urged friends and business associates to boycott Cuba and ask for consular assistance and assistance with travel and investment.\nThe official said any investment in Cuba would be subject to sanctions.\n“Our policy is one in which, if needed, we wish to provide consular assistance,” Bailey said.\n']
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1,541
http://www.reuters.com/article/us-usa-sanctions-idUSKBN1962AU
http://www.reuters.com/article/us-usa-sanctions-idUSKBN1962AU
U.S. Senate votes near unanimously for Russia, Iran sanctions
null
null
['Patricia Zengerle']
01-01-2021
reuters.com
null
success_wayback
gen
183,889
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['WASHINGTON (Reuters) - The U.S. Senate voted unanimously on Thursday to renew U.S. sanctions on Russia, Iran and North Korea that have taken effect after President Donald Trump announced sanctions to punish Moscow over its involvement in last year’s failed annexation of Crimea.\nA U.S. flag flies from the front steps of the U.S. Senate chambers in Washington, U.S., December 27, 2017. REUTERS/Jonathan Ernst\nThe Senate had unanimously passed bipartisan legislation to renew the sanctions for 12 years, or both, including allowing American companies and banks to continue bank accounts and offices that used American-based products in Russia or Iran.\nFour members of the House of Representatives voted for similar legislation, and Republican Representative Dave Reichert of Colorado introduced legislation in opposition to those sanctions.\n“Today’s vote demonstrates the importance of renewed sanctions to restore confidence in the United States,” Reichert said in a statement.\nTrump’s decision to freeze asset freezes and travel bans on 11 Russian government officials and entities is viewed as an important step towards ending sanctions already in place after the 2016 election.\nIran has so far blocked U.S. applications for licenses, raising the possibility that the United States may be forced to reduce sanctions. Tehran also challenged U.S. rulings that placed it in violation of international treaties that protect it from U.S. action.\n“The global economy is very interconnected with the U.S. economy,” Manas Parasky, director of the advocacy center at Campaign for America’s Future, a Republican group that supports the U.S. resolution, said.\nThe bills will be debated in the Senate later on Thursday. They are expected to be voted on the day before Christmas.\nA vote on the bills had been expected to come before the government, but a procedural vote on such measures was delayed until Thursday to give lawmakers time to react.\nThe resolutions target Russia’s seven major arms suppliers, governments from the likes of Saudi Arabia and Qatar, and banks from the United Arab Emirates, Turkey and Indonesia. They say those sanctions violate U.N. resolutions.\nIslamic State blamed the sanctions on Trump, saying it welcomed the federal measures, but urged the United States to take on tougher measures against Syria.\nIran’s powerful military attaches staged a surprise show on Thursday, snatching a chunk of a state-owned missile at a test to show it supports the sanctions.\n“Disarmament of our country has been supported for many decades by the nuclear deal,” its chief diplomat, Ali Larijani, said.\nU.S. Ambassador to the United Nations Nikki Haley, a Republican who is expected to face accusations of hypocrisy, posted pictures of the images on her Twitter account on Thursday.\nShe also defended Trump’s controversial 2016 ban on citizens from six Muslim-majority countries from entering the United States.\nFor the sanctions to bear fruit, the Security Council must approve any new measures, including one placing a limit on personal travel and property from the designated countries.\n“Continued monitoring and enforcement is the must,” National Security Council spokesman James Jones said.\n']
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1,542
http://www.reuters.com/article/us-utah-polygamous-idUSKBN1961YL
http://www.reuters.com/article/us-utah-polygamous-idUSKBN1961YL
Fugitive polygamous sect leader captured in South Dakota
null
null
['Barbara Goldberg']
01-01-2021
reuters.com
null
success_wayback
gen
183,890
[0.949999988079071]
['FILE PHOTO: A security guard stands guard outside Federal Reserve Bank of the District of Columbia in Washington, U.S., January 20, 2017. REUTERS/Mike Theiler/File Photo\nWASHINGTON (Reuters) - The attorney for a fugitive Warren and Kathleen Warren faction leader facing prosecution for fraud and money laundering is speaking about their status at a hearing on Monday, the fourth such court appearance in as many days this week, sources familiar with the proceedings said.\nAttorney Laura McDaniel is expected to have her client Kyle Seibert confirmed to her federal prosecutor by an FBI attorney in San Diego during the hearing, three of them told Reuters.\nSeibert, 64, of Enfield, New Jersey, was jailed in North Dakota in November and has been held without bail since his arrest last week.\nSpeaking on Wednesday, McDaniel said he and Seibert “have not announced anything” since he was first arrested. They were last seen on a trail in southern Kentucky, another U.S. source said, and one person said Seibert’s lawyers are vetting family members to send to Southern California for interviews.\nNorth Dakota probate court Judge Matthew Braham, giving the Warren faction until February 2 to respond to a motion for release, earlier this week granted Seibert bail, citing threats made by one of Seibert’s former followers. Seibert was also ordered to be under electronic monitoring at the Probate and Family Services Department.\nTwo court documents, one from a 10-year, $50 million estate dispute and another from a special master’s request for an injunction against Seibert’s release, were produced by a special master to ensure Seibert was not extradited to North Dakota, court papers said.\nBoth documents were made public on Tuesday by the National Inter-Faith Organization of North Dakota, a group described by authorities as a “nationwide network of KKK followers.”\nSeibert was previously charged in North Dakota, the state that also leads the Fundamentalist Church of Jesus Christ of Latter Day Saints. He faces five counts of conspiracy, larceny and money laundering, three counts of the import of stolen goods and two counts of obstruction of justice.\n']
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1,543
http://www.reuters.com/article/us-takata-bankruptcy-idUSKBN1962HW?il=0
http://www.reuters.com/article/us-takata-bankruptcy-idUSKBN1962HW?il=0
Air bag maker Takata to file for bankruptcy this month: sources
null
null
['Jessica DiNapoli and David Shepardson']
01-01-2021
reuters.com
null
success_wayback
gen
183,891
[0.949999988079071]
['(Reuters) - The U.S. government has asked the automaker and the British financial services company MI Capital Group (MIPS.L) to file for Chapter 11 bankruptcy in order to ensure that the company can survive after being taken over by its liquidators, three people familiar with the matter said.\nFILE PHOTO: A Takata Corp (TAMO.O) logo is seen on a newly built tire on a car in Tokyo, Japan, July 14, 2017. REUTERS/Issei Kato/File Photo\nThe filing of the proposed bankruptcy would end a long stretch of litigation and lead to uncertainty over the country’s ongoing financial affairs, said the people, who requested anonymity because they were not authorized to speak publicly.\nContinue Reading Below\nIn many cases, the company has never recovered from old legal and financial issues, and has faced some setbacks in restructuring its crisis-era operations, the people said. Those included protracted court wrangling over the company’s shareholding structure, having lost billions of dollars in litigation.\nOn Friday, March 1, the U.S. Justice Department began the process of settling its probe into the inflating of auto emissions recall issues and settling a separate investigation into allegations that U.S. intelligence analysts misused information from the National Security Agency.\nIn the bankruptcy filing in the U.S. Bankruptcy Court in Washington, U.S. Bankruptcy Judge Christopher Shays has made tentative rulings on the matter but orders payments to individuals who have lent money to the company.\nThe government is also seeking to block payments to MI Capital and other banks and other institutions that provided financial support to the company through strategic options, without prejudice to any fees or payments in the Chapter 11 proceeding.\nA spokesperson for Finance Minister Ayoob Ozekhome declined to comment when asked whether the government had final information on the proposed bankruptcy case.\nAdvertisement\nIn bankruptcy, debts to the company are secured. Financial entities and financial sponsors have previously said that their legal fees will allow the company to get its finances under control as the company gets itself more business, said the people.\nAt the core of the US$6.6 billion outlay for operating the company have been the firm’s risk-management practices and cash flows, as well as improvements in product quality, reducing defect risks and improving safety, and the willingness to unload assets at break-even prices, said the people.\n(Additional reporting by Debra Sherman; Editing by Chizu Nomiyama and Leslie Adler)\n']
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1,544
http://www.reuters.com/article/us-bhp-billiton-chairman-idUSKBN19631R?il=0
http://www.reuters.com/article/us-bhp-billiton-chairman-idUSKBN19631R?il=0
BHP names packaging guru MacKenzie as new chairman
null
null
['James Regan and Sonali Paul']
01-01-2021
reuters.com
null
success_wayback
gen
183,896
[0.949999988079071]
['Cabinet Speaker Peter Mandelson poses in an undated photo. AUGUST-03 | METRO REUTERSMARKET PHOTOS\nLONDON/BHP Billiton has named a British billionaire - Philippe MacKenzie, founder of a specialty packaging manufacturer who oversaw the ups and downs of its struggling steel and mining business - as chief executive of its largest U.S. coal venture.\nMacKenzie\'s appointment as the company\'s chairman follows the departure in December of Andy West, who also is its chief executive.\nThe latest crown prince, who joined the company in 2012, will take on the role of chief executive, succeeding Antony Cotton, who has held the position since 2010.\nThe appointment is a vote of confidence in MacKenzie\'s ability to build on BHP\'s already impressive turnaround and revive a low-cost business.\nThe construction tycoon will work in a company structure with a focus on deriving revenue from investments. The company, owned by Banco Bilbao Vizcaya Argentaria de America - BHP\'s biggest shareholder - has a share of around 20 percent of the enlarged company, which it owns with a 6 percent interest.\nBHP scrapped the controversial $15.1 billion deal to take a 49 percent stake in its world coal giant, a move that sparked investor outrage and a deep crisis in BHP\'s mining and resources business.\nMkenzie was until July a company insider, having worked on the deal for some years.\nMkenzie is only 48 and has been the chairman of the Shanghai Guangzhou Metal and Tubing Association since 2004. Before that, he was the CEO of Viterra, an electronics company that collapsed shortly after Chinese authorities seized it in 2008.\nBHP said he will be paid 3.5 million pounds a year, including pension contributions, pension benefits and another 800,000 pounds related to an insurance policy.\nViterra boss Andrew Mackenzie said MacKenzie\'s appointment would give a full hand to his successor "as soon as possible."\n"He will be a team player, managing our organisation, delivering great performance and delivering new opportunities, each of which has completely transformed BHP," Mackenzie said.\nMacKenzie has also made acquisitions in the steel industry, notably iron ore ventures with Kruger Ltd, Wood Mackenzie and Southern Metals.\nBHP\'s real estate portfolio is largely driven by gold producers. And the company secured a $6.1 billion deal in November to buy the Zohr mine in India\'s mineral resources for a 74 percent stake.\nIn October, BHP agreed to buy Emulex Corp for $3.1 billion, bringing a curtain down on the $18 billion corporate real estate portfolio acquired in the four years to 2011.\n(Reporting by James Regan and Sonali Paul; Editing by Mark Potter)\n']
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1,545
http://www.reuters.com/article/us-southkorea-economy-minister-idUSKBN197005?il=0
http://www.reuters.com/article/us-southkorea-economy-minister-idUSKBN197005?il=0
Low interest rates not sole cause of South Korea’s big household debt
null
null
['Cynthia Kim and Soyoung Kim']
01-01-2021
reuters.com
null
success_wayback
gen
183,897
[0.949999988079071]
['SEOUL (Reuters) - Low interest rates are the only political story and record levels of household debt as South Korea’s economy struggles to rebound from the fallout from the previous two financial crises and a labour-led economic recession, the country’s central bank reported on Tuesday.\nA woman gestures during a news conference at the Seoul Central District Court in Seoul January 1, 2017. REUTERS/Kim Hong-Ji\nThe finance ministry proposed borrowing over 7 trillion won ($6.8 billion) for the full year, the first increase in inflation in 12 years, in the final minutes of a two-day plenary session of the finance ministry.\nSouth Korea’s economy is expected to grow between 6.5 percent and 7.3 percent this year, but some analysts say growth could come far below the new forecast of 7.6 percent, which would hurt consumption and prompt cooling elsewhere.\nThe central bank is projecting the economy will hit 5.1 percent this year, suggesting annual inflation of around 6.5 percent remains near its easing target for the current financial year.\nWhile its inflation forecast is lower than the central bank’s, South Korea’s wealth managers predict the economy will continue to cool, as firms cut wages and businesses cut back spending.\nInvestors have tried to profit from the latest relief rally in bond yields, and as this report adds weight to data that shows South Korea’s annual household debt levels have fallen three-quarters of a percentage point from a peak in 2013.\nThe rate at which the government has reduced its loan books over the past three years stands at 113.3 percent.\nBut South Korea’s sovereign rating was downgraded by Standard & Poor’s two months ago for its private sector- and foreign investor-owned financial sector.\nS&P also cut its outlook on the country’s long-term credit rating from “junk” to “stable”, saying South Korea’s “unusual record-high” high debt is likely to persist this year.\nINVESTMENT\nDespite his effort to juice economic growth, Lee Myung-bak, the new finance minister, acknowledged that the government may be forced to take increasingly aggressive measures to sell assets and debt.\nLee said he took the tougher stance, but he nonetheless acknowledged the South Korean economy could remain mired in the latter half of this year.\n“I hope South Korea can find sufficient internal resources for economic recovery and solvency,” Lee said, pointing to the country’s last jobless policy.\nThe finance ministry is expected to tackle long-term government debt levels through necessary debt repays and short-term funding to meet its net public sector debt during the period.\nHowever, it faces a challenge to raise the level of debt to acceptable levels in order to avoid the exit of foreign funds that contribute to the current account, fund management and commodity exports that are lost when restructured.\nAs part of its transition of financial sector investment to the private sector, it will also relax a scheme that helps those who have suffered irreparable damage to their creditworthiness.\nIt’s unlikely that tax rates on non-bank financial institutions will drop anytime soon, because many of them will still have to slash prices to attract new customers.\n($1 = 3.2660 Korean won)\n']
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1,546
http://www.reuters.com/article/us-usa-immigration-central-america-idUSKBN196340?il=0
http://www.reuters.com/article/us-usa-immigration-central-america-idUSKBN196340?il=0
Central American leaders facing U.S. aid cuts pledge to do more
null
null
['Mica Rosenberg']
01-01-2021
reuters.com
null
success_wayback
gen
183,898
[0.949999988079071]
['WASHINGTON (Reuters) - The Trump administration on Tuesday promised to meet stiff U.S. opposition to some Western allies’ demand for greater access to U.S. free trade agreements after the president vowed to “kick the can down the road.”\nA U.S. flag is displayed at the entrance of the Thomson Reuters newsroom in Hong Kong January 1, 2011. REUTERS/Bobby Yip\nWith support of the U.S. military, especially for Gulf allies such as Saudi Arabia, President Donald Trump is expected to overhaul a U.S. policy that for years has allowed aid to bypass regional countries, giving them poorer access to world markets.\nIt is one of three signals he has sent to European allies in recent days. The other two were a call for greater transparency in U.S. trade deals, also known as fiscal purchases, and an announcement Tuesday that he would cut the size of the multilateral trade pact.\nU.S. officials have said that efforts to boost tax revenues or engage in a renegotiation of the 2015 North American Free Trade Agreement would remain, but analysts say the president may opt to eliminate or freeze some of the pact’s benefits.\n“We’ve been saying for several weeks that this is a sign that the U.S. is willing to make further concessions to the European Union if they’re not uncomfortable with Trump’s path,” said economist Edward Burt, who coordinates global advocacy for the Institute of International Finance, a Washington think tank.\nRepublican Republican Senator Susan Collins, a member of the Senate Foreign Relations Committee, led a bipartisan delegation from Britain, Canada, Australia, Mexico, New Zealand, Chile, the Netherlands, Canada, and Germany to Washington on Tuesday and Wednesday.\nWithout pressure, she said, Trump will instead propose “a more complete package of trade agreements and commitments.”\nMany Western allies, including Germany, France, Italy, Japan, and the United States, have argued against allowing free movement of workers and others into the United States, as well as purchases from the United States under the pact.\nTrump’s aides said the president has specific priorities for buying goods from European countries through sales at U.S. firms.\n“We’re focused on ensuring no one who trades is persecuted, treated unfairly, or impoverished,” a senior administration official said.\nMergers involving a lot of foreign firms and countries on the “Trumpy” list allow certain nations to have access to their own markets without U.S. inspectors to establish who’s running the trade.\nIncome benefits for countries that don’t submit to U.S. scrutiny, which include the sale of intellectual property rights to foreign firms, are still rare. U.S. firms have spent billions buying Mexico’s dairy and meat.\nIn contrast, some European allies have received some U.S. help in settling disputes over access to their markets, including allowing some Gulf Arab countries to stop U.S. goods from reaching U.S. suppliers, but the U.S. has protested these concessions.\nJapan, which is home to Gulf Arab countries that have supported Jordan’s opposition to U.S. trade deals, is also threatened.\n“It’s time to get this to a deal and put together a plan to address these concerns,” a European diplomat said.\nThat could include additional sales of European goods to countries on the "Trumpy" list, where “Not everyone’s smiling” among a reference to the specter of a U.S. partial pullout, the official said.\nU.S. officials hope to end negotiations over China’s renewed free-trade talks with the United States, but President Donald Trump is “open for business” with other nations, including Canada and Mexico, the official said.\nThe White House also said it plans to ask the European Commission for “fresh ideas” on steel, aluminum and other steel exports.\n']
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1,547
http://www.reuters.com/article/us-venezuela-politics-usa-pence-idUSKBN1962QO?il=0
http://www.reuters.com/article/us-venezuela-politics-usa-pence-idUSKBN1962QO?il=0
Pence slams Venezuela government, drawing rebuke from Maduro
null
null
['Mica Rosenberg']
01-01-2021
reuters.com
null
success_wayback
gen
183,899
[0.949999988079071]
["U.S. Vice President Mike Pence speaks during a news conference at the U.S. Embassy in Caracas, Venezuela, January 1, 2019. REUTERS/Marco Bello\nVenezuela's Vice President Mike Pence (R) speaks to reporters during a news conference at the U.S. Embassy in Caracas, Venezuela, January 1, 2019. REUTERS/Marco Bello\nBUDAPEST (Reuters) - U.S. Vice President Mike Pence’s aggressive policy toward Venezuela has drawn further criticism from Venezuela’s socialist President Nicolas Maduro, whose position has been portrayed by his opponents as a crisis over human rights.\nOn Wednesday, Maduro told a crowd of supporters gathered outside his government palace that he did not think President Donald Trump would support any deal on Venezuela “that would make matters worse,” according to Venezuela’s state news agency PDVSA.\n“I will tell you with such certainty that we do not see a solution that makes things worse on the ground. People have condemned this regime,” Maduro said, though he did not spell out how it would work.\nCritics accuse Maduro of using the past four months to implement an anti-democratic policy that they say unfairly targets, among other segments of the population, opposition leaders and the ruling Socialist Party’s supporters.\nMaduro has frequently faced growing opposition from his own supporters to his post as leader of the OPEC nation of 33 million people.\nIn January, Maduro accused U.S. companies of “destroying our nation” in order to secure lucrative business licenses from Europe, China and Canada.\nTies between Venezuela and the United States had previously been suspended by the Venezuelan government, at times derailing Trump’s attempts to engage in dialogue with Maduro. Trump later met Maduro at the White House, and both Presidents Clinton and Obama toured the country.\nMaduro’s political opponents accuse him of using national security operations like the assassination of Venezuela’s president, Nicolás Maduro, a few years ago to successfully counter his growing crackdown on the opposition.\nMaduro is a veteran of Latin American politics, first as a congressman from Tamaulipas state and then as a presidential candidate who is now the leader of Venezuela’s conservative opposition.\nPence, an influential former U.S. president, made several trips to the country for a trip with Venezuelan President Nicolas Maduro in early 2018, several of them to keep the unpredictable president’s posture calm and clear.\nHe also managed to help Trump negotiate with Venezuelan officials, including a visit in November to the U.S. embassy that Trump called “a very important step.”\n"]
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1,548
http://www.reuters.com/article/us-pakistan-politics-idUSKBN1960MF?il=0
http://www.reuters.com/article/us-pakistan-politics-idUSKBN1960MF?il=0
Pakistan PM hits out at ’slandering’ of his family over wealth
null
null
['Drazen Jorgic and Saad Sayeed']
01-01-2021
reuters.com
null
success_wayback
gen
183,900
[0.949999988079071]
['ISLAMABAD (Reuters) - Pakistan’s prime minister criticized U.S. President Donald Trump on Wednesday after American officials sought to treat him as his “own worst enemy” while hailing his ambitious promises to strengthen the economy, security and improve women’s rights.\nFILE PHOTO: Pakistani premier Nawaz Sharif arrives at the National Action Plan summit in Islamabad, Pakistan, November 12, 2017. REUTERS/Zohra Bensemra/File Photo\nHis comments came as Washington opposed fresh U.S. proposals to open Afghan war zones, saying more violence risked damaging Pakistan and hindering the operation.\nPrime Minister Nawaz Sharif and a senior U.S. official said America’s measures undermined Pakistan’s economy, infrastructure and development.\n“As long as our country keeps harping on the issues of the U.S. government, Pakistan is not able to resolve its own problems, and so we are in no position to believe,” Sharif said.\nPakistani Prime Minister Nawaz Sharif smiles after talks with European Union economic officials in Brussels, Belgium, January 1, 2018. REUTERS/Francois Lenoir/File Photo\nTrump, the U.S. special representative for Afghanistan and Pakistan, and Britain’s former Prime Minister Kevin Rudd, the former British leader, both issued new threats on Thursday to impose tougher sanctions on Pakistan unless Islamabad steps up its efforts to settle tensions with Iran and North Korea.\nThe United States is trying to persuade Islamabad to arm its allies in Afghanistan and lift anti-Pakistan restrictions on the flow of aid to its vital interests and to curb the militants, with its five-decade history of support for Islamist militants and attacks on civilians, which went unsolved before the U.S.-led invasion.\nIndia’s prime minister Sushma Swaraj, seeking to reassure Washington, said Pakistan should have “a right to reassess” its current approach on how to tackle attacks on its cities or build new infrastructure for the poor.\n“Let’s set a better example and also be honest about one another. Let’s avoid problems like these which cause total division in society,” she said in a speech.\nSingapore’s Prime Minister, Sheikh Salman bin Ebrahim Al Khalifa, said on Tuesday that “the enemy of Pakistan is Washington.”\nAmong the latest Trump proposals are to “help build up the capacity of the military” and improving humanitarian conditions to make sense of insurgencies or recent attacks on security forces. Trump also suggested that Pakistan resolve disputes and swap Pakistani soldiers for Afghans.\nSheikh Salman called the latest United States proposals “rigid” and “unhelpful.”\nModi’s government says the “urgent” efforts of Pakistan’s military commanders in its war against terrorism will be completed by the end of the year.\n']
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1,549
http://www.reuters.com/article/us-britain-fire-idUSKBN1960HP?il=0
http://www.reuters.com/article/us-britain-fire-idUSKBN1960HP?il=0
UK to hold inquiry into London tower block fire as death toll rises to 17
null
null
['Alistair Smout and Michael Holden']
01-01-2021
reuters.com
null
success_wayback
gen
183,901
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['LONDON (Reuters) - Britain’s government said on Monday it would try to establish whether the deaths of more than 150 people at a London skyscraper were accidental or deliberate.\nSuicide bombers blew themselves up in a refugee shelter in Paris early on Christmas Eve, killing at least 129 people, and authorities have urged calm.\n“The new tragedy in London is potentially fatal, but we are confident our immediate and long-term response will deliver on the Lord Mayor’s pledge to ‘make the city safe’,” said Culture Secretary Jeremy Hunt.\n“Not only has our emergency response functions been enhanced, but we have also increased our guard and enhanced our stake in the building’s stability and security.”\nHunt said that safety was essential but more people needed to be taken off the building’s exterior.\nThe tower in Knightsbridge, one of London’s most prestigious buildings, was destroyed by the blast but is believed to have been sealed off by government aircraft.\n“The second and third worst-horror incident that has unfolded in London for many years has been one of the great tragedies that has brought home to the world the safety and security that must remain our top priority,” he said.\nThe building in the heart of the financial district was destroyed in the attack, which shook the office and trading floors and prompted chaotic scenes that included glass shattering, smoke pouring from windows and fire raging from the roof.\nTwo people were hospitalised and a fire was reported in another part of the building in the early hours of Monday.\nPolice confirmed the deaths of 114 people, including 69 people in three days of frantic evacuations.\nBy 11:35 a.m. British time (2335 GMT) a total of 144 people, including 67 staff from the tower, had died in the chaos.\n“All of London were immediately trapped in the tower and some were under heavy fire and rescue,” said a statement by the building’s administration.\n“All occupants of the building and staff - along with anyone working outside the tower when its re-entry was possible - were taken to a number of different hospitals. No victims were believed to be among those in critical condition.”\nThe City of London Corporation estimates the fire at the building, which boasts 68 floors, would have killed up to 621 people and displaced nearly 250,000.\nThe building is 25 minutes’ drive from London Bridge, where at least seven people were killed in a train derailment last week.\nA spokesman for the mayor’s office said it would try to set the record straight on the situation and offered “rescue, evacuation and safety advice” to the victims.\nOnce a safe and secure building, the tower is one of Europe’s busiest and affects more than 220 million people a year.\nMost buildings in London are built on protected terraces, while the City of London is close to a triple layout.\nThe tower sits beside Lord Mayor Sadiq Khan’s official building, London’s only known Olympics host city.\n']
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1,550
http://www.reuters.com/article/us-usa-intelligence-idUSKBN1962SR?il=0
http://www.reuters.com/article/us-usa-intelligence-idUSKBN1962SR?il=0
Opposing Trump, conservative bloc demands reforms to internet spy law
null
null
['Dustin Volz']
01-01-2021
reuters.com
null
success_wayback
gen
183,902
[0.949999988079071]
['WASHINGTON (Reuters) - A day after making his first major move towards a more open internet law, Republican and anti-immigration conservative factions on Tuesday demanded changes to government legislation that they said favor tax loopholes and undermine internet service providers.\nU.S. President Donald Trump and his economic and political advisers meet with Pacific Rim leaders at the Ronald Reagan Washington National Airport in Washington, U.S., September 11, 2017. REUTERS/Kevin Lamarque\nU.S. GOP presidential candidate Donald Trump criticised a two-year, $115 billion law that allows foreign websites to bypass laws governing privacy, copyright and intellectual property protection, while the Trump administration has said it will speed up enforcement.\nSaying that internet service providers would have to operate on “secure borders” to block unwanted messages, the International Association of Privacy Professionals and the Broadband Service Association urged Congress to scrap an Internet Freedom Order that President Donald Trump says will block access to any website that is linked to an illegal foreign country.\nThe Broadband Service Association on Monday announced that it has asked Congress to lift the restrictive Internet Freedom Order, which allows individuals to filter the web using digital technologies such as encryption.\nFILE PHOTO: The "secure border," less than an hour inside the barrier protecting the U.S. port of entry in San Diego, California, U.S., September 11, 2017. REUTERS/Robert Galbraith/File Photo\nAt the same time, the Broadband Service Association made a similar request for the government to rewrite the laws, arguing that limiting access to encrypted websites would undermine a vital sector of the U.S. economy.\n“Make no mistake, the internet has remained the backbone of our U.S. economy for decades,” reads the Broadband Service Association’s 2017 regulatory agenda.\nRepublican leadership in the U.S. Congress has repeatedly expressed optimism that internet access will be protected after a year in which U.S. internet access has doubled to about 4.5 billion people.\nBut the Broadband Service Association said that internet service providers, including those linked to cyber attacks like the ones that stymied attempts by opponents of President Trump to impose "the death penalty" on Russian President Vladimir Putin, continue to compromise both states’ cybersecurity and the security of individuals and companies using the new Internet Freedom Order.\nThe Privacy International U.S. legislative group issued a separate request for a net neutrality ruling in the Washington, D.C., area in late December.\nThe group filed a letter on Monday calling on the incoming Trump administration to formally remove the net neutrality rules and end the undue influence of China-based internet companies who can receive preferential treatment in the global economy.\nThat prompted concern among Republicans that Trump and party leaders might push for reforms that would undermine the existing net neutrality rules.\nSupporters of net neutrality, however, have been quick to point out that the FCC under Republican administration did not regulate broadband internet or take other steps to rein in internet service providers like Internet service providers, who use the telecom industry to provide low cost Internet services to consumers and businesses.\nThe Trump administration will soon convene an inquiry into the situation, the administration said in December, as part of its plan to take steps to safeguard intellectual property protections for internet service providers and mobile internet businesses.\nIt has also announced national cybersecurity plans, designed to ensure the use of secure networks to protect against cyberattacks.\nTrump and Democratic party members have sparred over the issue before. Democratic Senator Tom Harkin of Iowa, who has urged the Obama administration to review net neutrality, said last month that addressing all internet traffic is not good enough.\n']
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1,551
http://www.reuters.com/article/us-venezuela-politics-idUSKBN1962AB?il=0
http://www.reuters.com/article/us-venezuela-politics-idUSKBN1962AB?il=0
On buses and trains, Venezuela opposition leaders protest Maduro
null
null
['Diego Oré and Andreína Aponte']
01-01-2021
reuters.com
null
success_wayback
gen
183,903
[0.949999988079071]
['CARACAS (Reuters) - Venezuela\'s two main opposition parties boycotted Venezuela\'s first opposition congress on Wednesday and urged President Nicolas Maduro to withdraw the decree that gave cabinet members and senior security officials immunity.\nThe opposition pushed to create an anti-corruption commission that the government has likened to a "national treasure". The commission was set up in December to combat corruption and theft in state oil company PDVSA but has never been appointed.\nOn Thursday, a team from the anti-graft agency for a presidential election called by the opposition to oversee its assembly will meet representatives of PDVSA and state companies. The opposition believes that this new commission is riddled with corruption.\nThe event that day was held outside a presidential mansion in Caracas, where groups of Venezuela\'s opposition were gathered, according to one, the opposition El Universal newspaper reported.\nThe socialists were not present on Wednesday.\nVice President Nicolas Maduro said in an editorial that he had talked to "an elected figure ... who is attached to corrupt ideology or is connected to the corruption." He added, "You\'ll find himself in the cross hairs of this commission."\nFollowing the meeting, El Universal reported that socialist Party of the People\'s Movement-Universo leader Rafael Ramirez, the head of PDVSA\'s top secret oil block, was briefly detained. Ramirez was part of President Maduro\'s personal security detail.\nMaduro claims the move was to help restore confidence in PDVSA and ban graft at the company. But opponents say it went too far and the opposition says the move made Maduro look weak.\nThe action put Maduro in a legal bind, because he will probably lose his offices in Venezuela. His position is weak and party members have said he has no time to attend any of his meetings.\nA meeting of the opposition\'s legislative body was also scheduled for Friday and opposition lawmakers say they will accept anything between their own terms and Maduro\'s resignation if necessary.\n']
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1,552
http://www.reuters.com/article/us-usa-fed-inflation-analysis-idUSKBN19630N?il=0
http://www.reuters.com/article/us-usa-fed-inflation-analysis-idUSKBN19630N?il=0
Is the Fed ready to consider lifting its inflation target?
null
null
['Howard Schneider']
01-01-2021
reuters.com
null
success_wayback
gen
183,905
[0.949999988079071]
['The Bank of England has updated the inflation outlook on the U.S. and Canada markets since the FOMC last month, reflecting a more even calibrated approach to monetary policy. [L1N1GDn2]\nAsked about the options options options market included, if the Fed could do its own update on the economy that could help answer investors\' questions of whether it is ready to consider easing in policy, Bank of England Governor Mark Carney replied: "We definitely would like to talk about and discuss all the options options options open and given what was said." [L1N1GDn2]\nU.S. federal funds futures traders were in a slightly higher mood on Thursday, gaining after the futures rallied the day before and warning that economic data might be delayed or have been mixed in recent weeks.\nMarkets remain well supported by a series of positive economic reports, though some on Wall Street have again dawdled when compared with the dollar, according to Federal Reserve data released on Wednesday.\nIn a Reuters poll on Wednesday, only four of 18 economists forecast the Fed would raise the Federal Funds Rate in the coming year, up from three in October. One plan to add to its arsenal of asset purchases was also consistent with that, while an unemployment target of 5.5 percent remained on the table.\nIn a preview of Thursday\'s meeting for traders, BoE staff\'s weekly survey showed that 62 percent said that monetary policy was poised to respond to the economy, with 35 percent worried the odds are the Fed will ease further. The breakdown of the unemployment rate and the share of adults with a job market that is less secure than the number of persons actively looking for a job looked significantly different.\nThe Bank of England had last month expected the unemployment rate to remain in single digits, and it forecasts it will go even lower if inflation, at just 0.1 percent, reaches a level of 4 percent.\nAt the conference, top policymakers posed questions of how the inflation outlook or the outlook for the labor market may be played out, in a debate that typically gets heated over market shifts and should be sent in a particularly heated way.\nMembers were split about whether the inflation outlook for the coming year and in the months ahead was part of the Fed\'s plan to adjust monetary policy around the world.\nSeven members of the Bank of England\'s Monetary Policy Committee presented their estimates to the Monetary Policy Committee on Thursday, with Jonathan Larkin, who chairs the policy committee, saying that the inflation outlook reflected the view of the central bank.\nIn a speech on Tuesday, Larkin said that, if the level of unemployment held, "it means the FOMC is too heavily concerned about the economy\'s continued weakness."\nThe appointment of Fed Chairman Jerome Powell as interim chair of the central bank in December gave Powell the potential to change policy, giving rise to a potentially bolder message.\n(Reporting by Howard Schneider; Editing by Chris Reese)\n']
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1,553
http://www.reuters.com/article/us-usa-tech-stocks-idUSKBN1961Y0?il=0
http://www.reuters.com/article/us-usa-tech-stocks-idUSKBN1961Y0?il=0
U.S. tech stocks shaken, but market not stirred
null
null
['Lewis Krauskopf, Rodrigo Campos and Megan Davies']
01-01-2021
reuters.com
null
success_wayback
gen
183,906
[0.949999988079071]
["(Reuters) - U.S. technology stocks were volatile on Tuesday, with the S&P 500 .SPX falling 0.5 percent, while the Nasdaq Composite .IXIC dipped 0.2 percent.\nA worker helps dismantle the mast on an American manufacturing equipment test unit of a semiconductor manufacturing facility, near Germany March 12, 2018. REUTERS/Michaela Rehle\nThe Nasdaq Composite .IXIC dipped 0.3 percent and the S&P 500 .SPX .IXIC .CL dipped 0.2 percent. At 8:16 a.m. ET, the Dow Jones Industrial Average .DJI was down 85.3 points, or 0.54 percent, at 21,400.68. The S&P 500 .SPX had dropped 0.23 percent and the Nasdaq Composite .IXIC 0.4 percent.\nTechnology stocks were the second-most heavily traded sector on the S&P 500, behind financials .SPLRCS, which rose 1.9 percent.\nThe S&P technology index .SPLRCT .SPKFT, which includes semiconductor companies such as Nvidia Corp (NVDA.O), rose 1.3 percent, offsetting a 0.3 percent drop in the Nasdaq's 3.6 percent decline.\nOverseas, however, tech stocks rallied, up 0.11 percent, while the yen slumped against the dollar .FXYF.\nThe yen recovered early losses, strengthening 0.21 percent to 83.86 per dollar after touching 82.80 earlier.\nLockheed Martin Corporation (LMT.N) shares (LMT.N) fell 1.6 percent, trailing a 1.8 percent slide in the benchmark Dow .DJI .DJI.\nNew York Federal Reserve Chairman Jerome Powell said the central bank was mindful of improving macroeconomic conditions and taking action to prevent a buildup of money in the financial system.\nAlso, the S&P 500 reported a monthly employment gain of 1,000, though the monthly jobs figure did not turn in a strong showing.\n“There was a bit of nervousness this morning with (Greece) talks and stuff,” said Jim O’Neill, president of 401ks LLC in Chatham, Massachusetts.\nThe U.S. dollar .DXY was broadly weaker against a basket of currencies. The greenback gained 0.45 percent against the yen to 106.67 yen .DXY.\n“A weaker dollar likely stems from expectations of more central bank action on monetary policy,” Brian Butter, vice president of research at TD Ameritrade in Chicago, said in a note.\nNot surprisingly, Wachovia, the third-largest U.S. bank by assets, tumbled 2.1 percent, its biggest one-day drop in nearly five years, after the largest U.S. mortgage lender signaled it may axe millions of jobs in coming months.\nFor more on the Fed, click here: reut.rs/2KfRG6RH\nIn Wednesday’s economic calendar, U.S. nonfarm payrolls will be up 1,000 in December, the Labor Department said on Tuesday. (bit.ly/2bqwBdV)\nApple Inc (AAPL.O) shares (AAPL.O) rose 1.3 percent, leading its broader market performance.\nThe S&P 500 consumer discretionary sector .SPLRCS is up 0.9 percent.\n"]
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1,554
http://www.reuters.com/article/us-booz-allen-probe-idUSKBN1962VO?il=0
http://www.reuters.com/article/us-booz-allen-probe-idUSKBN1962VO?il=0
Booz Allen Hamilton says DOJ investigating its accounting practices
null
null
['Lisa Lambert']
01-01-2021
reuters.com
null
success_wayback
gen
183,908
[0.949999988079071]
['FILE PHOTO: A desk clerk, a tourist at the Sands Expo and Convention Center in Las Vegas, Nevada, December 17, 2015. REUTERS/Steve Marcus/File Photo\nNEW YORK (Reuters) - Booz Allen Hamilton said on Friday that it has been notified of the U.S. Justice Department’s investigation into its financial reporting, and that the probe is focused on U.S. criminal cases against former clients of the U.S. securities fraud firm.\nBooz Allen said the DOJ investigation is focusing on company practices including “fraud, withholding accounts, accounting fraud, and falsification of income and expenses,” in violation of the U.S. Securities and Exchange Act, the government’s civil law enforcement division.\nBooz Allen said its clients were among the best-placed people in the world to defend themselves against regulatory scrutiny and enact costly reforms, including the retirement of executives.\n“The DOJ has been informing us of this investigation for some time,” CEO Joe Gorga said in a statement. “We’re focused on preventing this type of litigation and will do everything we can to comply with our obligations.”\nGorga said Booz Allen has fully cooperated with the investigation, which still in its early stages.\nBooz Allen, based in Stoneham, Massachusetts, said the scope of the investigation involves a wide variety of security, financial and legal issues, including foreign tax violations.\n']
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1,555
http://www.reuters.com/article/us-amazon-com-australia-analysis-idUSKBN196325?il=0
http://www.reuters.com/article/us-amazon-com-australia-analysis-idUSKBN196325?il=0
Not yet Amazon Prime time: Australia retail sell-off overblown?
null
null
['Byron Kaye and Jeffrey Dastin']
01-01-2021
reuters.com
null
success_wayback
gen
183,909
[0.949999988079071]
['SYDNEY (Reuters) - You will have to wait for next week to buy online from Amazon Australia, one of the world’s top e-commerce markets, as the discount retailer said there is yet no guarantee sales will be high enough to tempt people to pay through the air and charge up front.\nFILE PHOTO: Amazon logo at its headquarters in Chandler, Arizona, U.S., September 26, 2018. REUTERS/Joshua Lott/File Photo\nCustomers drive inside a desk during the checkout process at the Smartdeal Shop convenience store in Seattle, Washington, U.S., December 23, 2016. REUTERS/Joshua Lott/File Photo\nThis is not an Uber moment, just the start of a massive rise in online sales.\nSpokespeople for e-commerce giant Amazon told Reuters there was “no way” it will stop its 100 percent discount on items online.\n“We said the same thing back in 2017, and we have not stopped it,” said a representative for the company.\nSo why the bizarre decision by Amazon’s Australian operations to aggressively push online sales so far?\nA technological change in consumer habits over the past two decades has led to Australia’s supermarkets and big retailers seeing benefits.\nEven Starbucks coffee chain, which relies on U.S. and Asian rivals, has been suffering from declining sales, credit constraints and unfair pricing.\nWhy?\nThe vast majority of high-end customers are those with no time on their hands, not those who decide they can afford it.\nOnline retail is probably part of a much bigger pattern in recent years.\nWith Amazon posting sales growth of 53 percent year on year, department stores have led the charge. The core demographics of the nation are no longer home-grown markets.\nShort-term high-end and high-volume retail consumers who increasingly demand price transparency and access to in-store convenience products means buying online can be priced like they are wearing sneakers.\nThis could also mean it is more affordable to buy less expensive items than in the past, a benefit that users expect to benefit with the intention of living in a secure, state-controlled environment.\nWithout further improvement in consumer access, Australian e-commerce markets have been hit even harder, with few signs they are growing, said Jason Tansey, a director at e-commerce consultancy Richland & Associates.\n“Two years ago, the market was incredibly broken,” Tansey said. “People were stuck with the card they were given and not having an access that meant that they could spend more on the store.”\nLOW MARKETEST PERCENTAGE\nThe rise in online retail sales has been driven by choices and access in consumer segments and their loyal shopper base.\nAustralia will be the 10th-largest retail market globally by 2017, with roughly 6 percent of sales at Amazon. The figure rises to about 18 percent in the third quarter, according to surveys by e-commerce firm Metagroup.\nOnline sales are projected to grow to almost $5 trillion by 2020.\nIn October, Amazon Australia launched a new premium program, a discount program for shoppers buying one order at half the cost of another. A TV window feature was added in November, then on a mobile app was launched.\nExcluding the growing imbalance in online sales with traditional retailers, the growth in average sales per Australian shopper is about 20 percent, according to research firm eMarketer.\nThe number of Internet and mobile customers in Australia and one-third of rural and urban customers are women.\nThough business is slowing, Prime, with more than 75 million members, still has a large base of customers. That range for the services is growing.\nAmazon is looking at a possible long-term expansion of its services.\n“There is no net change in the Amazon policies and procedures or our membership practices that consumers expect from them,” its Vice President of Prime, Douglas Quirk, told Reuters.\nAmazon acknowledged its efforts on the technology front would be relatively costly, but quipped: “The paper trail is piling up.”\n']
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1,556
http://www.reuters.com/article/us-britain-fire-inequality-idUSKBN1962XI
http://www.reuters.com/article/us-britain-fire-inequality-idUSKBN1962XI
Deadly tower blaze highlights London’s rich-poor divide
null
null
['Estelle Shirbon and Alistair Smout']
01-01-2021
reuters.com
null
success_wayback
gen
183,913
[0.949999988079071]
['SINGAPORE (Reuters) - A fire that engulfed a tower block in central London over the weekend underscores the stark differences between the city’s rich and poor, the London property market has been consistently seeing worsening costs, and tens of thousands of households unable to pay off their debts.\nA tower block of Tower Hamlets, London, Britain, January 1, 2018. REUTERS/Hannah McKay\nThe shakeout is leaving many middle-class households on the cusp of having some of the options available to them, in part by limiting the purchases they can make in an ideal way - by renting, buying or renting apartments, according to campaigners.\nThe fire destroyed an apartment block in the Federal Tower, London’s largest and most prestigious residential building, and demolished at least one other building.\n“London remains an undamaged city. The fire has left the true cost of apartment ownership on the back foot,” said David Nimmo, acting president of the End London campaign, which waged a campaign in London to raise awareness about affordable housing.\nThat sentiment was voiced in more than 80 percent of the main areas surveyed by race-based research group Shelter, which recently measured a rise in housing costs in three areas around the country - urban rents (owned by landlords with a stated rental title over £60,000 a year), mortgages and home ownership for people with less than £35,000 a year.\nTwo thirds of the cash consumers cited rent as the main determinant of expensive housing costs, such as mobile phones, fast-food and adult accommodation, according to the London Property Digest.\nReal estate regulator LCA’s figures, shared with Reuters, show prices on an average of £1,100 or more per square foot of rental for a property in British cities fell slightly in the fourth quarter of 2018.\nLCA defines maximum housing rents as 100 percent of a house’s cost per square foot in London.\nThere are no figures for the percentage of people without a mortgage or lease, and the average of London’s housing stock in terms of rent in the fourth quarter remained unchanged, while for New Zealand homes fell 0.4 percent.\nCritics of the decision to demolish one tower block in the capital this month raise eyebrows, saying it is unnecessary to demolish the other two buildings in London.\n']
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1,557
http://www.reuters.com/article/us-snap-stocks-idUSKBN1962AQ
http://www.reuters.com/article/us-snap-stocks-idUSKBN1962AQ
Snap sinks to IPO price for first time since market debut
null
null
['Noel Randewich']
01-01-2021
reuters.com
null
success_wayback
gen
183,914
[0.949999988079071]
['(Reuters) - Snap Inc (SNAP.N) lost more than 3 percent on Tuesday after raising more than $200 million in the IPO of its popular app Snapchat, the app in which users send messages, photos and videos.\nFILE PHOTO: A Google logo is seen on an exterior of a building in Tokyo, Japan, January 7, 2018. REUTERS/Issei Kato/File Photo\nSnap had said in October that it would issue $2 billion in shares, with the share buyback plan revealing it planned to repurchase $1 billion worth of stock, but no further details were provided.\nThe IPO came in the wake of Wall Street’s focus on Wall Street companies that this year have planned or priced prior offerings of stock, likely known as “flash deals,” in order to help them compete with rivals, such as Google parent Alphabet Inc (GOOGL.O).\nThe IPO is another challenge for the Snap’s founder, Evan Spiegel, as he tries to revitalize the company, whose user base has fallen from about 8.5 billion to 8 billion between 2016 and 2017.\nSnap said on Tuesday that revenues for the three months ended Dec. 31 increased 17 percent to $202 million, net income rose 26 percent to $79 million, and operating income rose 7 percent to $21 million.\nSnap shares were trading at a price-to-earnings ratio of 13.2, their highest level since the start of the year, compared with a P/E ratio of about 10 in S&P 500 IPOs.\nThe company said on Tuesday that it plans to update investors on its revenue trajectory as the year progresses. It is now forecast to generate in the range of $1.75 billion to $1.85 billion this year.\nSnap said in December that it would tap a $100 million revolving credit facility for short-term debt in the fourth quarter.\nThe Snap IPO was the highest-profile offering for the tech sector in recent years, according to Thomson Reuters data. Three public shares traded on the New York Stock Exchange opened the day at $11.47, more than $20 million below the closing price.\nBut shares of Snap have outpaced initial public offerings, putting the market on track for more similar offerings next year.\nLike Facebook Inc (FB.O), which in October issued its first annual outlook in more than two years.\n']
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1,558
http://www.reuters.com/article/us-virginia-shooting-idUSKBN1961W8
http://www.reuters.com/article/us-virginia-shooting-idUSKBN1961W8
U.S. congressman’s condition improves but still critical after shooting
null
null
['Susan Cornwell and David Morgan']
01-01-2021
reuters.com
null
success_wayback
gen
183,915
[0.949999988079071]
['(Reuters) - U.S. Representative Mark Walker, Democrat of Illinois, said on Wednesday he needed two more rounds of medical checks, including a CT scan of his lungs and hip.\nU.S. Representative Mark Walker (D-Ill.) is comforted at the Fulton County Medical Center in Fulton County, Illinois, U.S., January 1, 2019. REUTERS/Chip East\nWalker, 24, was shot by an unknown assailant outside a Sherman Oaks shopping center in the early morning hours of Jan. 1, the day before President Donald Trump signed into law a bill to restrict immigrants’ access to the U.S. Border Patrol.\nWalker, an orthopedic surgeon, said on Wednesday he was in stable condition at the Fulton County Medical Center in Fulton County, which is about 30 miles west of Chicago. He has been taken to a local hospital in Illinois and is expected to be released on Thursday, his office said.\nWalker has been reluctant to release an anti-violence message with the National Rifle Association since he was elected to Congress in 2010, saying that when candidates for office turn violent, those who enforce the law may be too far from their hearts.\nSlideshow (2 Images)\nWalker’s decision to disclose his condition led the American Medical Association, the nation’s largest physician and community association, to issue a statement calling for a “dose of tough love” as a safety measure.\nThere was no immediate comment from the NRA.\nDemocrats and advocacy groups say Walker has exaggerated his disability, and are defending his right to exercise his political power.\nThey argue that his doctor prescribed a non-addictive drug, which he has used since he was born, and that his gun and armor battery prevented him from using it to target criminals.\nRyan Miller, spokesman for Arizona Democratic Senator John McCain, where Walker lives, said the shooting shows the dangers of engaging in political disputes.\n“These kinds of wounds that are really unimaginable are of the utmost concern to people, especially young people, that are vulnerable to the kind of abuse,” Miller said.\nThough Miller said the shooting went off with Walker in private, he gave no details.\nA clerk issued a statement, saying the shooter entered the store in the first individual to arrive and fired six times into the building. A second shooter fired a second shot into the front of the store, the statement said.\nCongressman Walker, who chairs the House Rules Committee, called for a joint investigation and a safe season for public transportation.\n']
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1,559
http://www.reuters.com/article/us-oregon-lgbt-license-idUSKBN196300
http://www.reuters.com/article/us-oregon-lgbt-license-idUSKBN196300
Male, female or X? Oregon adds third option to driver’s licenses
null
null
['Terray Sylvester']
01-01-2021
reuters.com
null
success_wayback
gen
183,916
[0.949999988079071]
["(Reuters) - Two years after allowing them to take driver’s licenses — and having expanded nationwide to allow male and female drivers — Oregon added another one.\nFILE PHOTO: Monoline carry hands have been removed from vehicles, October 11, 2017. In this photo taken from the Anacostia County Sheriff's Department, Portland, Oregon, Nevada, Massachusetts and Minnesota, Oregon. It has been used in the past for pay-by-pass purposes, but a recent change does require a waiver. Oregon Motorists requiring a license before purchasing an X certificate are likely to require the same waiver for personal identification cards as a DMV stamp, which would create a new problem. Idaho is considering similar treatment for some license applications. (Graphic: tmsnrt.rs/2MYNdQ3)\nMore than 40,000 licenses had been issued by Oregon as of November, to boost the number of private licenses or to embrace an alternative to strip-searched driver’s licenses, which have become a federal requirement since 2012.\nMany of those licences are available for purchase with a license that carries a self-assessment form.\nUnder the policy change, license seekers would be required to show a college degree and a driver’s license that other applicants might have obtained in the past. They would have to produce a driver’s license or a photograph showing the applicant’s employment status, passport and college and university affiliation.\nBut in light of widespread coverage in news media, Oregon’s proposal fell well short of the expectations of the federal government, which was aiming to de-clutter the two forms.\n“We didn’t cover everything,” Commissioner Ginny Burdick said in an interview, referring to a state where many applicants faced discrimination that rose when enrollment cards went out.\nFewer personal information on applicants was available, she said, even when there was widespread coverage of a previous state or federal law that ended competition in driver’s licenses.\n“I’ve got a feeling we’ll cover up some important details later,” she said.\nBiographies associated with applicants’ universities and whether they had studied law, are excluded.\nThe policy also does not cover information, including the ages of drivers with valid Massachusetts licenses, about whom they belong and who they have fought to change.\nAll applicants must have a photograph showing the applicant’s own family, work record and a lawyer and law school affiliation, and must show that they are financially secure, according to a report to be made public on Tuesday by the state DMV.\nMany applicants remain ineligible in states like Oregon, since they face fines of up to $100 for taking a license. Those sued could file suit once the state made the change effective on Tuesday.\nA similar change has been introduced in Nevada, where a proposed policy would permit many applicants to take a license.\nThe shift is an attempt to codify a system now in place to force people to pay to have their licenses filled online rather than by a mail-order company. The policy also must be in place by the time the state’s 35 million residents vote in November in a proposed constitutional amendment to extend the right to provide driver’s licenses to all motorists.\n"]
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1,560
http://www.reuters.com/article/us-du-pont-m-a-dow-idUSKBN1962SN
http://www.reuters.com/article/us-du-pont-m-a-dow-idUSKBN1962SN
Dow, DuPont merger wins U.S. antitrust approval with conditions
null
null
['Diane Bartz']
01-01-2021
reuters.com
null
success_wayback
gen
183,917
[0.949999988079071]
['FILE PHOTO: The Dow Jones Industrial Average is seen in Dow Jones New York, U.S., June 11, 2017. REUTERS/Brendan McDermid/File Photo\nWASHINGTON (Reuters) - The U.S. Justice Department said on Thursday it approved the merger of Dow Chemical Co and DuPont, rejecting a proposal by the Dow and DuPont rivals ChemChina and DRS Industries to merge.\nMoody’s Investor Service said it approved the merger, which would add about 900,000 people in the U.S. and 70 percent of revenue of Dow and DuPont. The Dow proposal had stirred speculation that DRS could raise prices on industrial ChemChina products for cheaper margins than Dow for them.\nThe DOJ said the proposed merger would protect public shareholders and foster a market advantage for Dow ChemChina and its DuPont rival. Dow and DuPont said they would pay $18 billion to $18 billion in cash for each other, allowing the companies to add 10 million new people to their workforce.\nA Dow representative declined to comment on the final approval, which is subject to the review process.\nCritics of the deal described it as a ploy to lower the nation’s investment standards and to allow ChemChina to use the Dow’s organic compound manufacturing plants as “landslide factories” in Russia and Africa.\nDuPont, a diversified global chemicals company, acquired Dow’s polymers, plastics and other markets in 2001. In 2014, the two companies re-branded, and after decades of merger, formed ChemChina in December.\n“Due to the intertwined nature of the companies, and the complexity of the competition, it is very important that there is consistency in and the outcome is not affected by other business decisions or transactions in this industry,” the DOJ said in its decision.\nThe merger would allow ChemChina to build an agricultural chemical manufacturing complex in the South China Sea to supply the U.S. Navy’s next fleet of ships. Dow would hold a 50 percent stake. DRS would acquire a 15 percent stake.\nA trial to determine whether Dow or DuPont separated their companies had begun in 2016, and the DOJ had approved the mergers as a condition for regulators to approve the deal.\n']
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1,561
http://www.reuters.com/article/us-funds-hayman-idUSKBN1962IN
http://www.reuters.com/article/us-funds-hayman-idUSKBN1962IN
Kyle Bass still short yuan, says China credit bubble ’metastasizing’
null
null
['Jennifer Ablan']
01-01-2021
reuters.com
null
success_wayback
gen
183,919
[0.949999988079071]
['The company of "Walk Away" creator Kyle Bass (2nd L) talks during the 13th annual Rolling Stone UK Film Festival (LTIF) in London June 13, 2014. REUTERS/Stefan Wermuth\n(Reuters) - “Walk Away” creator Kyle Bass, who was one of the earliest diversifiers of China’s yuan in the early 1980s, said he is still weighing out options on options to avoid reclassifying it.\nIn a book published on Thursday, Bass, who took his career to new heights as the creator of “Walk Away”, said China’s value system and limits on growth had made it attractive to foreign investors.\n“China’s tail is now clearing the way,” he wrote in the book. “We have a financial crisis of the middle classes in their backyards.”\nBass, who is based in New York and had considerable influence on a decade ago’s global success, added that it was essential for Chinese investors to know the yuan’s value and uses the yuan’s currency.\nThe country’s government has said it plans to revalue the currency within three years. And in December, Deputy Premier Li Keqiang said China was returning to a timeline for revaluation of the yuan and would create more openness in foreign investment.\n“China’s revaluation regime has become more intense under Li’s regime. Confidence is lower on the economic front than in the past. People like to be told that we are dumping the dollar in addition to China buying more and more,” Bass wrote.\nThe author also said he was considering expanding the Sony Pictures division in an attempt to create a Chinese movie that could work with its U.S. production company.\nA current application for an exploratory U.S. investment fund targeted by the Chinese government, announced on Saturday, could generate billions of dollars in investment in its targeted investment fund.\nBass’s comments come as comments by U.S. Vice President Mike Pence to Chinese Vice President Wang Qishan and Finance Minister Lou Jiwei in January fell short of his own expectations.\n']
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1,562
http://www.reuters.com/article/us-people-jeffbezos-idUSKBN1962OU
http://www.reuters.com/article/us-people-jeffbezos-idUSKBN1962OU
Amazon CEO Bezos asks Twitter followers how to donate his money
null
null
['Jeffrey Dastin']
01-01-2021
reuters.com
null
success_wayback
gen
183,920
[0.949999988079071]
["FILE PHOTO: Amazon.com Inc Chief Executive Officer Jeff Bezos delivers remarks at the Crocker Hall of Fame's 2018 Founders Gala at the Alexandria, Virginia Marriott Hotel June 23, 2018. REUTERS/Jonathan Ernst/File Photo\nWASHINGTON (Reuters) - Amazon.com Inc (AMZN.O) Chief Executive Jeff Bezos asked a Twitter followers on Wednesday how to donate his money to organizations that fight poverty.\nBezos announced the donation from his own account while at a ceremony on Wednesday that featured the creator of HBO’s “House of Cards,” and HBO’s “Girls.”\nThe tweet was posted as part of Bezos’s call for charitable giving - in light of rising levels of violence against women - and showed a man tapping a man’s hand, raising a hand to donate to a nonprofit organization that is working to improve conditions in Bangladesh and elsewhere.\nIn an interview at the University of Virginia that aired on CNN’s “State of the Union,” Bezos offered a new way of donating.\nBezos’s motivation is determined by a need for a friend, for example, who is looking for a place to live and is willing to offer a ride.\n“I think it’s right that we think of people with a hope for their own future,” Bezos said. “I think there’s a need to give back, and I think that should be a topic for discussion.”\nThe public interest in philanthropy in the wake of the growing number of violence against women has never been more important, Bezos said.\n“I think of yourself as a small child, and not a captain. I believe in leadership, and I am going to do anything I can to give back. It’s the biggest problem that women have, and men have an enormous amount of responsibility in society,” he said.\nLast month, the U.S. Justice Department announced that 13 people were charged in a connection with the hacking of the personal information of almost 7 million Democratic presidential voters.\n"]
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1,563
http://www.reuters.com/article/us-usa-stocks-idUSKBN1961D7
http://www.reuters.com/article/us-usa-stocks-idUSKBN1961D7
Tech sputters again, dragging Wall Street lower
null
null
['Lewis Krauskopf']
01-01-2021
reuters.com
null
success_wayback
gen
183,921
[0.949999988079071]
["NEW YORK (Reuters) - Shares of U.S. companies fell and losses for technology companies continued on Monday as investors braced for a tough year ahead for the investment community and the broader market.\nFILE PHOTO: A monitor displays at the AT&T Inc. corporate headquarters in Arlington, Virginia, U.S., October 8, 2017. REUTERS/Joshua Roberts/File Photo\nThe Dow Jones Industrial Average lost 1.55 percent, the S&P 500 lost 0.95 percent and the Nasdaq Composite dropped 0.86 percent.\n“We’re not moving up right now and it’s a little of a relief rally right now,” said Aaron Wilson, president of the Miller Tabak Global Research Americas sector sales team.\nTechnology shares were the biggest drag on the Dow, with Apple losing 1.4 percent.\nJohnson & Johnson lost 3.1 percent and Pfizer slid 2.2 percent, to near a year low.\nThe Dow fell 2.29 percent to 24,705.12. The S&P 500 slipped 1.49 percent to 2,529.92. The Nasdaq Composite dropped 2.88 percent to 5,268.68.\nExpectations of better weather and car sales helped boost stocks after European Union lawmakers backed a government-brokered deal to limit future debt auctions in a snap election on Dec. 14.\nIn the immediate aftermath of the election, investors worried about the impact of heightened political uncertainty and limited investors' exposure to the technology sector, where Google and Facebook are down over 10 percent over the past two weeks.\n“We like tech at this point and I think the markets should be concerned about what’s happening in Russia,” said Warren Egan, equity strategist at Zions Bancorporation in Chicago.\nEuropean equities were closed for a holiday. Britain’s FTSE 100 sank 0.96 percent to 6,236.63 and Germany’s DAX lost 0.97 percent to 7,158.05.\nIn commodities markets, a gauge of the dollar’s strength hit an all-time high against a basket of six major currencies .DXY, and gold was firmer.\nU.S. crude rose 0.49 percent to $56.86 a barrel after reaching $54.70. Brent settled up $1.14, or 0.5 percent, at $58.85.\nGold prices saw their worst day since October as geopolitical tensions increased. Spot gold was down 0.1 percent at $1,089.32 an ounce after hitting $1,208.84.\n"]
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1,564
http://www.reuters.com/article/us-puertorico-debt-prepa-idUSKBN1962O2
http://www.reuters.com/article/us-puertorico-debt-prepa-idUSKBN1962O2
U.S. lawmaker troubled Puerto Rico board slow to approve $9 billion power deal
null
null
['Nick Brown']
01-01-2021
reuters.com
null
success_wayback
gen
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["Puerto Rico Governor Ricardo Rossello and US President Donald Trump, left, meet with U.S. House of Representatives Speaker Paul Ryan as they try to reach a deal to seal a funding deal for the state, Thursday, Jan. 1, 2019.\nWASHINGTON (Reuters) - The U.S. U.S. senator who chairs the oversight panel that oversees Puerto Rico’s $9 billion utility needs to speed up talks about building a critical $9 billion power agreement, a spokesman said on Thursday.\nThe appointment of an inspector general to oversee the preliminary talks on state funding at the Department of Utilities “could create great political risk if it directly involved Puerto Rico’s regulators,” Senate Communications and Technology Committee Chairman Richard Blumenthal said in a tweet.\nThe work to approve the power deal in the interim, presented the best chance for Puerto Rico to obtain sufficient funding during the longer term, Senator Blumenthal said.\nThe Puerto Rico Public Utilities Regulatory Authority is trying to secure funding from other donors to help it plug a projected $5 billion to $10 billion hole in state finances.\nBut while the legislature's approval of the agreement would give it just nine weeks to develop the deal, a review committee panel, chaired by Senator Marc Morial, has yet to agree on the final terms.\nProblems with earlier talks for the deal emerged on Tuesday, with the senate’s chairman, Senator Eliot Engel, complaining that the state’s starting gatekeeper could have balked at imposing conditions that would imperil the agreement.\nMORAL TEAMS\n“In the 60-day period that they created this EPUB (Florida-sanctioned commission) to reach an agreement, the number of officials were by far the most critical on the critical issues they were all concerned with,” Engel told Reuters.\nSenator Maxine Waters has asked a panel of outside members including federal regulators to review the contract and begin work and set implementation dates.\nThis week, the state board with jurisdiction over the authority released the agenda for the commission, which includes 27 members on the board of governor, State House speaker and majority leader.\nIf the group disapproves of the deal, the governor can move ahead with “part of the basic problem before it falls apart,” said Representative Sheila Jackson Lee, a member of the oversight panel.\nUnder that scenario, the powers of the board under state law would be given to the governor instead of the island’s government.\nOnce they reject the deal, the state’s regulator would approve it and there could be no debate about authorizing the federal government to do business in the $1.3 trillion utility business, whose revenues are largely derived from domestic power.\nThe oversight panel operates in parallel with the Treasury and also oversees the Puerto Rico Electric Power Authority (PREPA), which is supposed to fund the roughly 40 percent of power deliveries to the commonwealth's 750,000 customers.\n“Congressman Morial says the state is now ‘pausing’ talks on the back door so they can avoid an ERISA-like referendum on how the authority is run,” said Cuban-American Representative Joseph Gallegos.\n“I think this episode sends the wrong message to the people of Puerto Rico.”\nHuffington Post blogger Jim Bursch called on Rossello to correct the missed deadlines and hold the new administration in line for operational spending orders.\n“What we are hearing from officials on the House panel is not the opinion of Congressman Horacio Garcia (Guatemala), the people of the commonwealth and all Americans,” Bursch wrote.\n“Nor is the lieutenant governor of Puerto Rico either falling on a quest to cover up the governor’s dishonesty or willing to take something outrageous off the table,” Bursch wrote.\n“I have no idea if the governor is not taking a photo of the governor’s last name as his only means of making headlines for his hypocritical decision to keep profiting from Puerto Rico's very existence.”\n"]
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1,565
http://www.reuters.com/article/us-usa-banks-cfpb-idUSKBN1962Z9
http://www.reuters.com/article/us-usa-banks-cfpb-idUSKBN1962Z9
U.S. consumer financial watchdog accuses congressional critics of ’misstatements’
null
null
['Pete Schroeder']
01-01-2021
reuters.com
null
success_wayback
gen
183,926
[0.949999988079071]
["WASHINGTON (Reuters) - The U.S. Consumer Financial Protection Bureau’s efforts to crack down on financial services firms have not succeeded, a top watchdog on Wednesday said, but urged lawmakers to give money back to the financial industry that harmed consumers.\nPeople walk past a wall of the Consumer Financial Protection Bureau's office in Washington, U.S., December 15, 2018. REUTERS/Kevin Lamarque\nThe CFPB reported $34 billion in net losses to companies from 2013 through September 2017, according to a report from Consumers Union. That meant it faced requests from the Obama administration to shut down several financial services firms because of abuse they engaged in, according to a member of Congress.\nThe $34 billion in losses could be pulled back, according to the CFPB’s report.\nConsumer financial regulators opposed to the bank scandals hit by the report, which told of average hourly earnings of many employees forced to chip in a small portion of their salaries to cover the losses that would be taken by their employer.\nThe agency cited in the report a minority of companies’ settlements because of their alleged misconduct.\n“If these companies were able to report payments, we could have stopped this violence,” Rep. James Sensenbrenner (R-Wis.) said on the House Financial Services Committee’s phone and email systems in response to the CFPB report.\nCongress has previously authorized the CFPB to seize customers’ deposits and accounts and block any future actions by the CFPB if they do not cooperate.\nAn $8 billion JPMorgan Chase & Co settlement followed an estimated $22 billion payments by members of Congress to settle similar claims from the same company.\nThe CFPB has become a major engine of the U.S. financial industry.\nThe agency has sued Verizon, Durbin and Wells Fargo for allegedly picking up customer phone calls and disclosing its own data to the Fed, and teamed up with the U.S. Treasury to fight U.S. presidential elections.\n"]
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1,566
http://www.reuters.com/article/us-gulf-qatar-idUSKBN19611J
http://www.reuters.com/article/us-gulf-qatar-idUSKBN19611J
Qatar says fighter jets deal shows deep U.S. support
null
null
['Tom Finn']
01-01-2021
reuters.com
null
success_wayback
gen
183,927
[0.949999988079071]
['FILE PHOTO: Qatar Airways is seen in this picture taken on July 26, 2016. REUTERS/Fadi Al-Assaad/File Photo\nDUBAI (Reuters) - Qatar’s long-term military ally the United States formally welcomed President Donald Trump’s announcement on Thursday that the United States was willing to honor its commitments to Qatar, a senior military source told Reuters.\nA reporter for AFP said the United States had backed Qatar’s calls for adherence to a previous Qatar defence commitment, which the White House described as the “wetswest section of his international alliance.”\nWashington has repeatedly stressed it does not recognise the terms of Qatar’s financial blockade, a hardline US policy directed at militants in its oil-rich neighbours. Qataris have also denied interfering in their domestic affairs.\nThe rift began more than a year ago when Qatar’s rulers, angered by Washington’s bombing of a state television station, insisted Qatar had not backed terrorism.\nAnalysts say that despite Washington’s assertions, the Qatar support alliance might not survive in the long term. The range of Qatar calls for mutual military support or early withdrawal from a “mega” state, involving Iran, Saudi Arabia, Turkey and the United Arab Emirates.\nStill, a direct military link to the countries’ long-standing historic rivalry is seen as an attractive target, analysts say.\n“Qatar is the primary bulwark of American values in the Middle East,” Geoffrey Pyatt, a security fellow at Britain’s Channel 4, told Reuters.\n']
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1,567
http://www.reuters.com/article/us-mideast-crisis-syria-raqqa-mood-idUSKBN1962PC
http://www.reuters.com/article/us-mideast-crisis-syria-raqqa-mood-idUSKBN1962PC
Spirits high among Kurds in Syria as coalition battles for Raqqa
null
null
['Michael Georgy']
01-01-2021
reuters.com
null
success_wayback
gen
183,928
[0.949999988079071]
['Kurdish militia fighters run in the sky during battles in Homs province, Syria January 1, 2017. REUTERS/Ammar Abdullah\nKurdish fighters walk past their newly liberated area in Idlib province, Syria January 1, 2017. REUTERS/Ammar Abdullah\nA Kurdish fighter retakes control of a position after an air strike against a separatist PKK stronghold in Idlib province, Syria January 1, 2017. REUTERS/Ammar Abdullah\nSyria\'s Civil Defence patrol flags a name before an air strike against a separatist PKK stronghold in Idlib province, Syria January 1, 2017. REUTERS/Ammar Abdullah\nKurdish fighters were close by the end of January last year to the Kurdish-controlled high ground around Raqqa, the largest and most fortified city in Syria. An international war about to erupt in Syria has made the situation much more dangerous for the Kurdish fighters and for the international coalition in Syria.\nKurdish fighters, who are allied with the Syrian regime against the Islamic State jihadist group, face a new level of indiscriminate assaults on Raqqa, the last al Qaeda stronghold in Syria.\nThe backlash is seen by the international coalition, which is backed by Russia, Turkey and Iran in an air campaign against Islamic State, is seen as the Syrian government\'s toughest challenge yet.\nFor more than a year, Kurdish fighters have been holding off a drive to retake Raqqa from Islamic State by knocking down shelters, roof terraces and barracks.\nUnclear how many Kurdish forces remain inside Raqqa, however, has forced the YPG to put many buildings at risk and embark on a mission to capture any remaining areas.\nMore than 500,000 people are inside Raqqa and counting. The YPG says it is on track to provide logistical support to the forces that are attacking Raqqa. The YPG is an autonomous group, but its fighters say they are fighting for independence.\nThe Kurds in Iraq and Syria say they make no secret of their struggle. But they have been reluctant to accept the full force of the anti-Islamic State Syrian Democratic Forces (SDF), which the Assad regime has pledged to end if allowed to clear Raqqa.\nThe SDF, a military alliance formed in June, is seen as the de facto US-backed government in Syria. The SDF is a collection of Syrian Kurdish fighters who have joined forces with Ankara\'s view that the SDF has no majority in Syria.\nTurkish Prime Minister Binali Yildirim on Tuesday said Turkey planned to try to block the SDF from arriving and saying Syrian forces would stay in Raqqa. He also warned of such attacks unless Ankara has changed its mind on that future policy.\nFor now, the crackdown in Raqqa is largely confined to Raqqa, while spreading across neighbouring Iraq, Syria and Lebanon in the north, northwest and east. Turkey says the Kurdish fighters are fighting for autonomy, but many fear a backlash from the SDF.\nRepresentatives of several countries have already expressed opposition to the coalition against Islamic State, including the United States and Britain. The U.S. Embassy in Ankara said this week it would "hold the coalition responsible" for air strikes against Islamic State and any legal challenge to any foreign military presence in Syria.\nSeveral other countries have some operational aims as well, seeking to dissuade the SDF from pressing ahead with a campaign to retake Raqqa. Turkey would not rule out steps towards establishing an alliance with the SDF, and Foreign Minister Mevlut Cavusoglu said a coalition could not exist without Turkey.\nBut if Turkey is concerned about how Syrian Kurds in Iraq and Syria could react, "they can\'t win this war against a \'nasty man\' - with a combination of AKP [Islamic State] and Kurds in Iraq or Syria", Cavusoglu said.\nThe SDF, meanwhile, has been arguing that it is vital to see full implementation of the ceasefire with Islamic State that has been agreed with the Assad regime.\nSDF-held territory south of Raqqa is considered the best in the Middle East, and part of Iraq, to back a campaign to retake it. A Kurdish Liberation Army (KRGA) militia within the SDF would fight to the death against a campaign to retake Raqqa.\n(Editing by Caren Bohan)\n']
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1,568
http://www.reuters.com/article/us-usa-cuba-military-idUSKBN1962VK
http://www.reuters.com/article/us-usa-cuba-military-idUSKBN1962VK
Cuban military’s tentacles reach deep into economy
null
null
['Marc Frank']
01-01-2021
reuters.com
null
success_wayback
gen
183,929
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['RIVERSIDE, Calif. (Reuters) - As shipping rates from Central America drop, the U.S. military commands an extensive network of bases across the United States that stretches from Mexico City to San Francisco.\nFILE PHOTO: A flag flutters in the sky over a former military base home to the U.S. Navy ship USS Seawolf in the San Diego Naval Base, November 28, 2016. REUTERS/Mike Blake/File Photo\nThe command built extensive bases for both the U.S. Navy and CIA, including bases on the U.S. Coast Guard and Delta Force assets in Alaska and California, plus facilities at the U.S. Air Force Academy in Colorado Springs, Colorado, the Navy’s lifeguard headquarters in Montgomery, Alabama and the National Oceanic and Atmospheric Administration’s water study center in Asheville, North Carolina.\nAmong them is the largest and longest-range launch and launch facility in the world - in San Diego where the Navy and CIA, part of the Defense Department, operate bases. The bases have to be reconfigured at a cost of about $500 million, the military said.\nVice Admiral Mark Esper, a former assistant secretary of defense and the military’s top naval officer, said the base is a “dream” and an opportunity for the U.S. military.\n“Look, we are the largest provider of non-military assistance anywhere in the world. We are in the midst of the strongest war in American history,” he said.\n“Now all of a sudden, we are facing a very competitive customer. We are now facing a competitive competitor that is not going to offer any of the services that our services provide and that even has a footprint that we don’t know exists anywhere else.”\nThe base is common in the maritime industry in Southern California, but the military finds that the U.S. Coast Guard has become more strategic in its deployment to the region since the mid-1990s.\nThe service also began providing military supplies and support to more states, such as Maine, as part of an agreement with U.S. Central Command during the George W. Bush administration to expand naval capabilities by around 180,000 personnel.\nWithout the Navy’s support, the Coast Guard, for example, would not be able to respond to rocket and air strikes, said Rear Admiral Mike James, the careerist appointed last year to head the Bureau of Ocean Rescue and oversee the Coast Guard’s lifeguard facilities.\nThe goal now is to employ more than 100 air and naval assets in this region by 2016, and plan to tap as many as six different fields in the coming years, James said.\n“This is just an off-the-shelf service that only has a very limited amount of capability. It’s an opportunity for us to create a service that is very efficient and efficient, but it is not very glamorous and it’s challenging to reach every city and every town and every county in the U.S.,” he said.\nThe NSC says it needs more than 12,000 shipyard workers to maintain and launch shipyards.\n“If you just look at our coastline,” Esper said. “We have our resources of a naval base. We don’t have the nuclear capabilities of a military base.”\n']
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1,569
http://www.reuters.com/article/us-usa-selfdriving-idUSKBN1962YV
http://www.reuters.com/article/us-usa-selfdriving-idUSKBN1962YV
U.S. states could not set self-driving car rules under Republican plan
null
null
['David Shepardson']
01-01-2021
reuters.com
null
success_wayback
gen
183,930
[0.949999988079071]
["(Reuters) - Washington state could not set autonomous vehicle regulations for automakers at a time when dozens of states are considering controversial regulations on the nascent industry, U.S. officials said on Thursday.\nFILE PHOTO: An employee holds a sensor to the rear of a vehicle before starting a routine operation during a simulated 'driving test' in Stanford, California, U.S., October 27, 2017. REUTERS/Stephen Lam/File Photo\nThe Trump administration’s National Highway Traffic Safety Administration gave states two months to draft regulations that could set new standards for trucking, processing and other vehicle technology to make autonomous vehicles self-driving, even with states still considering the issue.\nThe process of developing what the administration said was a “National Autonomous Vehicle Plan” was “completely unfunded” under the Trump administration, said Office of the Chief Technology Officer Mike Schroeder, who will be the lead policy adviser in the “driving autonomy” initiative.\nThe Trump administration’s “autonomous vehicle plan” follows the changes in how the auto industry is thinking about what is and is not possible with machines that don’t know which lane is the one they need to travel in, said Stephanie Lewis, chief operating officer of HireMe, a ride-hailing service that licenses and licenses vehicles to operate.\n“It has really exposed the vulnerabilities and limitations of this new technology,” Lewis said.\nUnder the Trump administration’s plan, for example, would-be-automakers will have to build, test and certify new technologies in compliance with new regulations for those vehicles that have been developed for testing on roads before they are in the hands of regulators.\nSeparately, California would have to impose regulations to prevent vehicle failure on some roads before they even happen, a proposed rule for self-driving cars and a proposed ban on any vehicles that prevent passing humans on certain roads.\nCalifornia said on Thursday it is considering implementing the proposed rules for the new vehicle, code enforcement and the transportation industry. The state DOT posted detailed instructions on its website for the new regulations, and California’s Department of Motor Vehicles staff requested 60 days’ of comment before the state meets in March to finalize the document.\n“Although the objectives of the code enforcement system would lead to the expected negative effects on the MOP, we believe they could achieve at least one result by making any rules within the direction of the DMV,” Lynne Kim, a DMV spokeswoman, said in an email.\nAutomakers would still have two months to submit proposals, Schroeder said.\nCalifornia has hired an outside firm to prepare the code enforcement system for the new vehicles and HireMe said it was working with the government to get it ready.\nHe pointed to recent analyses by the National Highway Traffic Safety Administration, which showed such vehicles are “more likely to malfunction and die in crashes” than their autonomous counterparts.\nThis was found by the Transportation Department’s Office of Management and Budget’s RVS website.\nThe rules sought by the Trump administration would require self-driving cars to have steering wheels, pedals and stoplights in their wheelchairs for testing, certify they drive themselves and allow them to operate with public access.\n"]
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1,570
http://www.reuters.com/article/us-uber-lawsuit-idUSKBN1962E5
http://www.reuters.com/article/us-uber-lawsuit-idUSKBN1962E5
Rape victim sues Uber, claiming it wrongly obtained her medical records
null
null
['Dan Levine']
01-01-2021
reuters.com
null
success_wayback
gen
183,931
[0.949999988079071]
['(Reuters) - A South African woman, known only as Ms. Darlene in the United States, filed a defamation lawsuit against the ride-hailing company Uber Technologies Inc, alleging the company illegally obtained her medical records.\nSterléka Darlene is seen in this photo provided by her attorneys at Nyayo Ncube Law Firm in Johannesburg, South Africa, February 1, 2015. REUTERS/Siphiwe Sibeko\nMs. Darlene, 39, was raped and murdered in June 2014, when a teenage girl who lived with her, was 14 years old.\nNorth Carolina-based Uber, Uber’s main U.S. competitor, charges in U.S. District Court in Wilmington, South Carolina that Ms. Darlene died while Uber took over the operations of her family’s business.\nMs. Darlene is being represented by one of South Africa’s two lawyers, Sara Forbes Fisher.\nMs. Darlene said in a statement she was unable to comment because of legal proceedings in the United States.\nThe complaint argues that Ms. Darlene used her name and address at Uber to solicit drivers who included Ms. Davies, a taxi driver, and alleged that Ms. Davies was her agent and approved Uber drivers, according to the plaintiff’s representative, David Green.\nMs. Davies herself was not identified in the lawsuit. A spokeswoman for Uber declined to comment on the allegations, which were not in the statement.\nMs. Davies and her lawyer, Sullivan, declined to comment, as did Uber’s lawyer, who did not return a call seeking comment.\nMs. Davies was a teenager when she and her 13-year-old sister were raped and murdered while hitchhiking at the city’s summer community center in what is now Fort Myers, Florida.\nUber said Ms. Davies was not charged in the case because it did not know the driver properly.\nMs. Davies said she received her first ride in South Africa on May 3, 2014, when her sister arrived in Johannesburg. Ms. Davies recounted saying “Hello, I’m a one-year-old kid” at a park where she was staying, and “I’m about to launch into a music song, and I wanted to be in the same car as the kid that picked me up from work,” she said.\nUber said Ms. Davies was on her way to the bathroom when she was raped and strangled. Ms. Davies also alleged that Ms. Davies provided a ride to her sister while Uber drivers looked on, Uber said.\nMs. Davies also denied that Ms. Davies ever took advantage of her.\nIn a statement, Ms. Davies said she did not provide a ride to her sister because she did not report it for Uber because she did not want to face some trial or jail time.\nMs. Davies also said she had been sexually assaulted by Ms. Davies because she was using Uber to get around the airport in Johannesburg, South Africa.\nUber defended Ms. Davies, saying she was a young woman living on disability in the United States and was studying law in Portland, Oregon, according to a statement released by Uber on Friday. The statement was dated Dec. 20, 2016.\n']
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1,571
http://www.reuters.com/article/us-texas-adoption-lgbt-idUSKBN19631H
http://www.reuters.com/article/us-texas-adoption-lgbt-idUSKBN19631H
Texas governor approves adoption bill that critics contend discriminates
null
null
['Jon Herskovitz']
01-01-2021
reuters.com
null
success_wayback
gen
183,934
[0.949999988079071]
['AUSTIN, Texas (Reuters) - A bill that critics claim discriminates against transgender people in Texas was approved on Thursday by Gov. Greg Abbott, who said it reflected the state’s treatment of transgender people.\nRod Zylstra, Oklahoma Democratic nominee for governor, speaks during a rally against transgender “bathroom bills” in Tulsa, Oklahoma, U.S., October 28, 2017. REUTERS/Jessica Rinaldi\nThe measure now goes to the Texas Legislature. Several groups have said they will likely appeal. A formal debate has been scheduled.\nZylstra, the Libertarian candidate for governor, and his supporters argued the bill unfairly disadvantaged transgender people and raise questions about fairness for a state that prides itself on treating everyone equally.\n“I don’t see why someone in the LGBT community should be treated differently based on their gender identity,” Zylstra said in a telephone interview. “In effect, it’s forcing them to live with identity only as determined by their physical appearance, not whether they want to live in a place they feel they cannot live in.”\nA 2-1/2 year statute allows transgender people to be served at private bathrooms that are linked to their gender identity. Supporters of the bill say that recognizes transgender people as individuals who choose to use public facilities that are associated with their gender identity.\nOpponents say the law discriminates because it places transgender people in the schools, must be administered exams, and communicates to those who are not transgender. Critics claim that cannot go far enough by requiring any state discrimination.\nZylstra said the bill he voted for on Wednesday would be a major step in the right direction for transgender people.\n“I think that we are getting around 800 kids in public schools who aren’t able to get into school, yet no one can find out that they are in a restroom that matches their sex,” he said.\nIf Abbott prevails in court, the question will be, will school districts stand behind their policies in line with the constitutional amendment that defines the marriage equality movement as non-discrimination.\nThe state will continue to regulate how sexual orientation and gender identity are defined and “that allows a second layer of legal bureaucracy to see that this is a category that applies to people in a position to advocate for their specific sexual orientation,” said Greg Miller, executive director of the NAACP Legal Defense and Educational Fund, which has been challenging the law.\nOpponents say all other states have passed similar laws that affect religious issues or those restricting freedom of speech.\n']
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1,572
http://www.reuters.com/article/us-usa-court-gorsuch-idUSKBN19612X
http://www.reuters.com/article/us-usa-court-gorsuch-idUSKBN19612X
Trump visits U.S. Supreme Court as justices weigh travel ban
null
null
['Lawrence Hurley']
01-01-2021
reuters.com
null
success_wayback
gen
183,935
[0.949999988079071]
['WASHINGTON (Reuters) - President Donald Trump signed an executive order on Friday allowing him to bypass Congress and hold an April general election to block a potential U.S. Supreme Court confirmation vote on an immigration ban.\nPresident Donald Trump waves to the crowds after the inauguration of Supreme Court Justice Neil Gorsuch, in Washington, U.S., January 1, 2018. REUTERS/Joshua Roberts\nThe White House announced the vote in comments to U.S. officials, adding that Trump would have a 90-day window to hand over new information or to resign in May to block the rule.\nThe executive order applies to the work of three main courts - the Federal Court of Appeals in Washington, the U.S. Supreme Court and the U.S. Court of Appeals for the District of Columbia Circuit. The California and Alabama constitutional challenges to the ban would be further examined by the seven other appeals courts or state supreme courts in the United States.\nTrump himself has said he was “prepared to vote” if needed to roll back the ban. But in an interview on Friday with Bloomberg Television he insisted the Trump administration was not taking the decision lightly and could easily roll back the ban.\nDemocrats on the White House Council of Economic Advisers have said Trump was expected to deliver a short-term victory this week when he announced the executive order even though Republicans are at odds with the White House on immigration policy.\nDemocrats have said it is time to “challenge the president and every human being, with these people’s religion, immigration, and their citizenship,” he said in the interview with Bloomberg.\nWhite House officials declined to comment directly on the court decision and Congress was prohibited from discussing it with the public until the order is finalized.\nThe advisory decision by the president’s advisers prevented the legal challenge at this time from targeting the ban on refugees and the temporary travel ban brought in earlier this month by three U.S. Muslim majority countries.\nThe court’s Republican majority also blocked a temporary restraining order that applies to the Obama administration’s travel ban, which aimed to block people from three countries on the Iran-backed Houthi Islamic Revolutionary Guard Corps.\nPresident Donald Trump shakes hands with South Korean President Moon Jae-in (L) as he talks to Deputy South Korean President Park Geun-hye, at the presidential office in Pyongyang, North Korea, December 29, 2017. REUTERS/Mike Theiler\nTrump also has said he may revive the long-running trade war with China, but he and the White House have warned against sending a direct message to Beijing.\n“We are focusing our efforts on reforming our trade relationship,” White House press secretary Sarah Huckabee Sanders said on Monday.\n']
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1,573
http://www.reuters.com/article/us-nestle-confectionery-idUSKBN19628Q
http://www.reuters.com/article/us-nestle-confectionery-idUSKBN19628Q
Nestle may sell U.S. confectionery business
null
null
['Martinne Geller']
01-01-2021
reuters.com
null
success_wayback
gen
183,937
[0.949999988079071]
['FILE PHOTO: BK Peter Sainz, CEO of Nestle, speaks during the Nestle 2019 coffee and chocolate presentation in New York, U.S., November 22, 2018. REUTERS/Eduardo Munoz/File Photo\nNEW YORK (Reuters) - Nestle SA (NESN.S) is weighing a sale of its U.S. confectionery unit after a 14-month rout in the stock that has trailed the blue-chip Dow Jones Industrial Average in the recent years, sending the stock to a five-year low.\nSales of confectionery in the U.S. market slid 10 percent in the past three months while the selloff sent its stock tumbling 19 percent over the past 12 months, the most for the Dow Jones index over that period.\nChocolate and confectionery retail sales in the United States were up 6.4 percent in 2018, contributing to retail sales of $4.16 billion, according to the University of Commerce.\nStill, analysts are worried that the losing effort may slow down the company’s efforts to improve consumer health. Delia Rotella, who has worked on an obesity prevention campaign for the past decade, told Reuters in December that the company had “mixed messages” about sugary products and further details about how it would change its approach with its chocolate and confectionery partners.\nSchneider Kraft and Nestle declined to comment.\nThe Swiss confectioner said in November that it had explored a sale of its U.S. confectionery unit, part of its desire to strengthen its U.S. business. But in September, the company said it was in advanced talks to sell that business to Global Chocolate Partners Inc, in a deal valuing Nestle at about $10 billion.\nIf the Hershey Co (HSY.N) company takes its approach to selling its businesses to a buyer and divest a business that has accounts with McDonald’s Corp (MCD.N), Nestle would be the first big U.S. company to cut its operating costs, according to a person familiar with the matter.\nChocolate accounts for about 36 percent of the company’s revenue and the national sales mix for the three-quarter period last year was about 75 percent of that. On average, Nestle’s operating margin has fallen from 16.2 percent in 2015 to 14.6 percent in the last six months, according to Covenant Review, an independent research firm.\nWhile competitors like Hershey and Costco Wholesale Corp (COST.O) have shown success in selling to candy companies such as Hershey and “Papa John’s,” Nestle faces a new challenge: Its former CEO who was forced to resign in November.\n“All the talk about the divestiture of the confectionery business was devastating for Hershey,” said Adrian Wilkinson, director of U.S. communications at U.S. private equity fund Genesis Capital.\nThe divestiture could be divested, former executive Philip Schuster told Bloomberg Television in September.\nShares of Swiss-based Nestle were down 4.3 percent to $101.36 at the close in New York. Hershey shares were down 0.8 percent to $62.68.\n']
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1,574
http://www.reuters.com/article/us-usa-navy-asia-idUSKBN1972SW
http://www.reuters.com/article/us-usa-navy-asia-idUSKBN1972SW
Seven sailors missing after U.S. Navy destroyer collides with container ship off Japan
null
null
['Toru Hanai and Megumi Lim']
01-01-2021
reuters.com
null
success_wayback
gen
183,939
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["TOKYO (Reuters) - Seven sailors on board the U.S. Navy destroyer USS John S. McCain (DDG 54) have been missing since the collision with a container ship off Japan early on Saturday, U.S. Coast Guard officials said.\nThe U.S. Navy destroyer USS John S. McCain (DDG 54) collides with a container ship off Japan's coast February 6, 2014. REUTERS/Issei Kato\nThe collision was a “senseless hit” at a remote area of the sea near the North Korean coast, and sparked searches for the sailors until a U.S. Navy destroyer arrived on Friday to evacuate the area, a Coast Guard spokesman said.\nMost of the sailors were on the destroyer’s right side and are presumed dead, the Coast Guard spokesman said.\nThe ship’s 7th Fleet aircraft and an crew of three were also scrambled to help in the search area.\n“Our thoughts are with the lives and assets of those aboard the destroyer, our Navy, and Japan in this tragic incident,” U.S. President Donald Trump said in a statement after the collision.\nThe eight sailors were unharmed.\nThe collision took place between U.S. ship USS Nimitz (DDG 59) and a container ship carrying 32,000 containers, the U.S. Coast Guard said in a statement.\nU.S. navy crews are on the scene of the collision near the coast of Honshu on the western S-21 sea line in the east of Japan, said a Coast Guard helicopter, the Agua Dalta.\n“Our thoughts and prayers are with the crew and passengers of this highly dangerous and extremely dangerous ship. Tokyo is holding the container ship due to the incident as it is the second ship to be disabled by U.S. Navy ships,” Trump said in a statement on the South China Sea, where the area is the focus of a wave of naval tension.\nThe incident came weeks after the U.S. Pacific Command (PACOM) sent warships to the South China Sea, prompting it to keep closer scrutiny of Iran’s missile program.\nTrump has said he may order the U.S. military to “speed up” its anti-sport campaigns against North Korea, even as he seeks to limit global maritime powers like the United States to tougher measures against China.\nThe North Korean defence ministry also denied the ship had been involved in the collision, but the ship was not involved in the collision.\nTwo Japanese ships have been dispatched to the area to help with the rescue operation, but the Coast Guard said it may be days before a salvage operation could begin.\nUSNS Hargreaves, meanwhile, was being prepared to deploy an anti-submarine helicopter to the South China Sea in order to gather more information on the incident.\nThe mishap was more costly for the sailors than the loss of their ships, which could cost around $5 million, Admiral Mike Mullen, who leads the military chief committee overseeing the operation to track down the sailors, told the Bloomberg website.\nTokyo authorities are considering whether to ban on delivery of vessels carrying cargoes of ocean debris and weapons while Japanese ships are checking to make sure they are adhering to safety rules, said a spokesman for Fukui Higashima Government, a main Japanese agency overseeing shipping.\nJapan and the U.S. are the two largest countries shipping cargo on the Sea of Japan through the outlet of the post-Japan East China Sea commercial shipping lane, but shipping and fishing interests fear foreign vessels could operate undetected while violating international shipping laws.\nThe collision was not seen as an immediate worry for the U.S. navy as the vessels are well-equipped to conduct counter-piracy, with a long reach and a clear target. Japan also ships out of the Vietnam, the Philippines and other countries as well as international operations in the region, while the United States remains active.\nJapan has been engaged in anti-sport campaigns against China and the United States, where it patrols the sea and coordinates with the military and other partners around the region.\nAccording to recent figures, Japan was ranked a distant tenth on the 2020 global container fleet test fleet, behind the United States and China, and eighth out of 74 nations worldwide.\n"]
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1,575
http://www.reuters.com/article/us-usa-cuba-idUSKBN1970EC
http://www.reuters.com/article/us-usa-cuba-idUSKBN1970EC
Trump rolls back parts of what he calls ’terrible’ Obama Cuba policy
null
null
['Steve Holland']
01-01-2021
reuters.com
null
success_wayback
gen
183,941
[0.949999988079071]
['FILE PHOTO: U.S. President Donald Trump speaks to supporters during a campaign rally in Alexandria, Virginia, December 21, 2016. REUTERS/Jonathan Ernst/File Photo\nWASHINGTON (Reuters) - President Donald Trump on Tuesday said that as long as he is president he will continue pursuing his “terrible” policies to have Cuba as the lead international tourism destination.\nU.S. officials say that they aim to eliminate 15,000 Cuban refugees a year from the island for another six months and to eliminate 15,000 Chinese tourists a year by the end of the year.\n“Now is the time to go further,” Trump said in remarks at a campaign rally in Anansi, Missouri. “I will continue to work through the leadership and the work of the leaders, and close the doors on world leaders as well.”\nTrump has accused China of meddling in U.S. elections and other issues in what he called a “terrible” attempt to further antagonize China with the decision to temporarily bar travel to the island as a result of the U.S. moves.\nLike-minded Republicans in Congress have called for a “code of conduct” for Beijing and told Obama administration officials they need to be more assertive as leaders in the field to get the world community along side them.\nOne of Obama’s closest associates said the last change in policy put the U.S. back in line with some Latin American neighbors.\n“I don’t think they’re going to come in and threaten to close down the whole hemisphere with what amounts to nothing but something,” said Gareth Fuller, the U.S. ambassador to the Caribbean for about a decade before moving to the White House.\n“The last president has not done an awful lot to antagonize the world community. He has to think bigger, and he has to think a lot of it is stuff that we need to be doing, and nothing’s going to deter us,” Fuller said.\nU.S. Secretary of State Rex Tillerson told reporters on Tuesday that Cuba was part of a global problem and U.S. allies could be more aggressive.\n“This is a very complicated thing. We hope that the question goes to the president, who, if he decides to extend it, then we will hear that and that he will hear that. We have no doubt in my mind,” Tillerson said.\nReclusive communist Cuba has welcomed U.S. immigration into its territory, but Maduro’s government there continues to accuse Trump of not wanting to build a coalition for a deal to end a decades-long drug war, which is fueled by Cuban trade.\nAsked on Tuesday if President Barack Obama left behind his historic opening to Cuba when he left office, Trump dodged answering directly.\n“Will they ever find a way to get to a state where they can travel to be a citizen? I hope so,” he said, referring to Cuba’s tourism sector.\n']
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1,576
http://www.reuters.com/article/us-usa-trump-ethics-idUSKBN1972XM
http://www.reuters.com/article/us-usa-trump-ethics-idUSKBN1972XM
Trump owes lenders at least $315 million, disclosure shows
null
null
['Eric Beech, Mohammad Zargham and Andy Sullivan']
01-01-2021
reuters.com
null
success_wayback
gen
183,942
[0.949999988079071]
['BERLIN/DUESSELDORF (Reuters) - U.S. President Donald Trump owes one out of five investors at least $315 million after he took a $500 million loan to finance his campaign, which is the government has insisted is the only way to ensure he avoids getting any legal consequences for his actions.\nU.S. President Donald Trump listens as a U.S. marshal looks on during his annual visit to Myanmar at Dinki Forum in Dinki, Malaysia, September 15, 2017. REUTERS/Reinhard Krause\nFederal investigators said they found in a memo sent by Democratic Senator Bernie Sanders of Vermont that the financing caused $167 million in potential liabilities from lenders over the fiscal year that ended on September 29, after the Kremlin released details about the loan in January.\n“The complete transaction is subject to such investigations as are necessary to justify the existence of legal consequences,” the White House said in a statement on Monday.\nThe Reuters/Ipsos poll, conducted by automated phone calls, shows investors held on to about $190 million of the roughly 948,000 investor money withdrawn by the U.S. government between July and September last year. A similar number of investors withdrew the money because they feared that the White House would retaliate against their protestations about a freeze on spending.\n']
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1,577
http://www.reuters.com/article/us-minnesota-police-idUSKBN1972PS
http://www.reuters.com/article/us-minnesota-police-idUSKBN1972PS
Minnesota patrolman acquitted in traffic-stop slaying of black motorist
null
null
['Todd Melby']
01-01-2021
reuters.com
null
success_wayback
gen
183,943
[0.949999988079071]
['(Reuters) - A Minnesota motorist who had been shot during a traffic stop has been acquitted of second-degree murder in the fatal crash.\nApril Marie Price, 29, was the second person to die in the July 20, 2008, collision as she was driven by a friend in Red Wing, Minnesota, Minnesota.\nThe driver of the white Hyundai Trans Am may have been asleep inside the vehicle as Price was driving it. She also put the weapon she fired in the victim’s direction.\nAs the driver and passengers began hearing at least two warning shots, Price went inside of her vehicle to approach the van as it was travelling through Red Wing. At the same time, the South Boundary County Sheriff’s Office learned of a “leaking” device found in Price’s jacket.\nAt about 10:10 p.m., police and firefighters responded to a shooting near Maple Avenue and Bluemound Drive in Red Wing.\nMedical personnel at the scene pointed to a patient’s head as evidence of the shooter’s “prolonged involvement,” Assistant Sheriff Steve Johnson said in a statement.\nCarina McEvoy, 22, was the driver of the black Toyota Corolla that crashed into Price’s vehicle. She was arrested later that morning.\nNo charges had been filed at the time.\nThe victims’ injuries were too severe to turn over to police, but they died a week later.\nProsecutors argued in their April 11, 2015, criminal complaint that, in light of the road and oncoming traffic rules that would have driven an impaired driver into the driver, Price began firing.\nWhen the driver and passengers began hearing loud footsteps, Price fired several shots, causing minor injuries. They were the four people in the van.\nPrice’s former boyfriend, Sean Klahlock, was also indicted in the case. He has pleaded not guilty.\n']
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1,578
http://www.reuters.com/article/us-massachusetts-crime-suicide-idUSKBN19714W
http://www.reuters.com/article/us-massachusetts-crime-suicide-idUSKBN19714W
Guilty verdict in U.S. trial tying suicide to teen texting
null
null
['Scott Malone']
01-01-2021
reuters.com
null
success_wayback
gen
183,944
[0.949999988079071]
["WASHINGTON (Reuters) - A New Jersey man was convicted on Wednesday of killing an Alabama teen by texting as he tried to commit suicide after he was confronted by the boy’s mother, prosecutors said.\nJaimie Pierce, 22, was the only one of the first five people charged in the killing of 17-year-old Samuel Hawkins by a teen boy in Cleveland in 2010.\nIn the months before she killed Hawkins, Pierce texted the boy a single message to warn him that it was “bad and probably very harmful.” She also sent an emoji of a gun with the words, “If this type of activity goes on any longer, well, maybe just stay out of the woods.”\nHer home phone and texts included one of the messages, showing a scan of the state’s books that showed he had the cells of a juvenile to which he was being held.\nBut the teen boy was unable to complete his read. But Pierce was arrested when her phone and texts started going missing.\nIt was just after the final text home phone she sent him was being used in the account.\nMILESTONE\nThe matter was decided in the early morning of May 22, 2011, and began to go through Pierce’s BlackBerry to his grandmother, where she felt her grandson’s cry was coming from her.\n“I don’t know why I have put this on hold,” Pierce told her granddaughter, according to prosecutors. “I said to her, ‘I love you baby.'”\nProsecutors said Pierce searched her BlackBerry using the report of her boyfriend by a police officer and she found the new “text” describing a few of the texts she had exchanged, as well as her friend’s life support system, a cell phone.\nAfter she received an email from the boy’s mother, she texted again. Pierce directed her to the account of the man, she told prosecutors.\n“He responded with ‘Hey is that my brother or girlfriend?’” according to the text. “Our actual hearing hasnt really yet been done.”\nThe girl, now 18, panicked and called police, who then checked the cell phone.\n“What is he doing?” she asked after ringing it.\nPierce was convicted of second-degree murder for stabbing Hawkins twice, a charge that carries a possible death sentence. She faces life in prison if found guilty.\nState Attorney General Jeff Sessions had called the trial an example of a growing “texting epidemic” and called it “a moral crisis” in the United States.\nThe case gained national attention when Hawkins’ mother filed a police report of 911 calls she had received from her daughter’s cell.\nShe made the case after learning that the phone number had been the subject of five out of seven cell-phone robberies in the United States from 2004 to 2009, according to authorities.\nAttorneys in the case offered differing accounts of how the messages came to be there, in addition to arguing it was Pierce who wrote the messages and that Hawkins was her son.\nInvestigators initially focused on a North Carolina man who they said had confessed to the crime. After that information was corroborated by Pierce, investigators began a second profile of the man and indicted him in 2015.\nAuthorities said he knew Pierce through a mutual friend, that she sent him text messages just weeks after Hawkins killed himself.\n"]
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1,579
http://www.reuters.com/article/us-whole-foods-m-a-amazon-idUSKBN1971QJ?il=0
http://www.reuters.com/article/us-whole-foods-m-a-amazon-idUSKBN1971QJ?il=0
Amazon to buy Whole Foods for $13.7 billion, wielding online might in brick-and-mortar world
null
null
['Lauren Hirsch and Jeffrey Dastin']
01-01-2021
reuters.com
null
success_wayback
gen
183,951
[0.949999988079071]
['NEW YORK (Reuters) - Amazon.com Inc, which has effectively frozen the old department store chains out of the retail industry, is poised to launch a wholesale online arm that will power grocery stores in time for the holiday shopping season and serve as a tool to help those who do not want stores on their homes.\nFILE PHOTO: A logo of an Amazon.com.com and Wal-Mart Stores Inc website in a convenience store in San Francisco, California June 8, 2013. REUTERS/Robert Galbraith/File Photo\nAmazon is also taking on Walmart Inc (WMT.N) in making its biggest purchase yet with the acquisition of Whole Foods Market Inc WFM.O.\nIn a statement, the company described the acquisition of the 365 365 chain, which includes 5,100 stores across 38 U.S. states and service outlets, as a further step in turning Whole Foods into a profitable business.\n“Over the next 15 years, we will become world-class grocery retailers that will allow us to offer consumers in every state the very best possible food at affordable prices,” Amazon said in the statement, detailing its plans to invest in the company’s sites and develop relevant technologies as well as strengthen its e-commerce platform.\nIt was not immediately clear how the retailer’s buyer would get the Whole Foods brand and the chain it had already acquired.\nThe $13.7 billion deal for Whole Foods leaves the door open for Amazon to enter the retail space through another purchase in the very near future, although details are scarce.\nAmazon and Whole Foods declined to comment beyond its statement. Representatives from the retailer did not immediately respond to requests for comment.\nWendy’s, Target Corp (TGT.N) and a few others have expressed interest in buying physical locations or digital distribution.\nAlexa Boudreaux, Amazon’s chief e-commerce strategist, which will give it “better exposure and reach to Whole Foods, will lead the way to digital transformation of Amazon we knew was in the planning stages for several years,” said Nathalie Moulter, senior investment director at National CFO Funds, in a blog post.\nThe acquisition of Whole Foods will allow Amazon to make decisions about technology, health and merchandising to drive home the product it has in stock as well as to differentiate it from its competitors, she said.\n“This is a brand that’s really a little less than Target with this lot more out there,” she said, adding Amazon could decide to see how it uses grocery technologies to help it establish a rival presence in the area.\nAmazon Chief Executive Jeff Bezos has said that it is using that information to develop products, get online and build stores.\nAmazon has so far kept pace with its rivals’ expansion. Last year it bought a 20 percent stake in grocery marketer Safeway Inc (SWY.N), which also has a grocery product business, and a stake in online food delivery startup Grocery Cube.\nIn October the company signed a deal to acquire retailer Cornerstone Group, also known as Cornerstone VU.L, a Denver-based distributor of safe buying supplies and grocery items.\nThe retail sector has been undergoing upheaval since Amazon debuted what it called Prime, its subscription-based online subscription service, last year. Earlier this month, Amazon said it would phase out Prime and will no longer offer tickets to movies and TV shows.\n']
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1,580
http://www.reuters.com/article/us-whole-foods-m-a-amazon-com-banks-idUSKBN1972WK?il=0
http://www.reuters.com/article/us-whole-foods-m-a-amazon-com-banks-idUSKBN1972WK?il=0
Seattle love, dread of activist investor help clinch Amazon M&A roles
null
null
['Lauren Hirsch']
01-01-2021
reuters.com
null
success_wayback
gen
183,952
[0.949999988079071]
['Feb 1 (Reuters) - The backers of a package deal that could power Amazon.com Inc’s plan to buy smaller Seattle newspaper publisher Pearson Inc are gathering in Seattle this week for a White House summit about how to best assist technology companies in grabbing exclusive space at Amazon’s mega HQ2.\nSeveral boards at Amazon and other companies have identified themselves as allies of Seattle native Rob Clayton, whose activist investors have pushed unsuccessfully for a planned sale of the sprawling company. They have set up a meeting on Monday in Seattle to consider the implications of pending public talks.\nAt stake is a possible deal that will boost Amazon’s $12 billion bid for Pearson, valued at roughly $26 billion, by about a third. That would be the largest acquisition ever in a U.S. city.\nAmazon is expected to propose a lower bid over the short term, but it could lay the groundwork for later talks. The White House, for its part, has said it is part of a broader government effort to promote a free enterprise system after the 2011 employment crisis in which many small businesses lost their jobs.\nAmazon has been on the hunt for privately-held software developers in recent months, focusing on Seattle’s strengths of small and medium-sized businesses. Some engineering and research companies are seeing growing numbers of partners on Amazon’s chessboard.\nAmazon said its plan to match the $20 billion bid is first expected to be officially announced on Tuesday, with an initial public offering for the purchase contingent on completion of a local board.\nWilson Sonsini Goodrich & Rosati, the same public-private company that led Amazon’s long search for a partner, will consult with investors about potential bids before offering them to interested parties, including Clayton.\nThe CEOs of the companies that participated in the PR conference last week have been confirmed to have had extensive meetings.\nBut Amazon is expected to insist on any suggestions that it will consider steep discounts or other concessions in coming weeks or months for businesses that are willing to build and maintain technology in the same space, as Pearson did in the past.\n“It would be great if we could build this differently, and we have great opportunities at the publishing and technology sector,” Roy Price, vice president for technology at Pearson, said at the PR conference. “I like where Amazon is because we’re going there, we’re bidding aggressively, and we have a great platform for our consortium to have a presence.”\nJoe Rice, a spokesman for the other backers of Amazon, said that while the secret talks and its apparent loosening of local rules have been well-received, they were “a bit more of a media event for media, rather than substantive discussions.”\nAmazon also says it has no timetable for offering a final response to potential bidders, despite telling shareholders in late December it was considering several options, including another bid.\nIn January, the company said it would offer or fall within one potential proposal, saying, “The objective is to create a clear path to the combination of Pearson and Amazon.” (Reporting by Lauren Hirsch in Seattle; Additional reporting by Leah Schnurr in Brussels and Edward Taylor in New York; Editing by Timothy Gardner and Matthew Lewis)\n']
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1,581
http://www.reuters.com/article/us-usa-cuba-latam-idUSKBN1972X6?il=0
http://www.reuters.com/article/us-usa-cuba-latam-idUSKBN1972X6?il=0
Venezuela decries ’ignorant’ Trump’s Cuba policy rollback
null
null
['Deisy Buitrago']
01-01-2021
reuters.com
null
success_wayback
gen
183,953
[0.949999988079071]
['CARACAS (Reuters) - Venezuela on Thursday called for legal action against U.S. President Donald Trump, saying it is “ignorant” that the multilateral trade pact known as “Cuba” remains in force and has deterred political dissidents from challenging its sovereignty.\nU.S. President Donald Trump speaks during the White House inaugural ceremony during the end of the first phase of a three-day visit to the United States. REUTERS/Jim Bourg\nSpeaking after a meeting with his Venezuelan counterpart, Jose Miguel Insulza, Insulza said the United States was taking the Cuban side in advancing President Nicolas Maduro’s term, and was doing so despite efforts by Washington to weaken his system.\n“We are being malicious and those interests led by the United States are not relevant to Venezuela,” Insulza said, adding that Venezuela was analysing the documents issued by the U.S. government last month with the aim of taking them to court.\n“Cuba is not only insolvent, it is imperiled,” he added, referring to a ruling by Cuba’s Supreme Court against its sale of tools to the United States to build U.S. currency for construction.\n“Until that case is resolved, the system of democracy in Cuba will continue to be governed in Venezuela under the circumstances in which it is supported by the United States.”\nVenezuela’s parliament on Thursday voted to reject a bill that would have allowed the United States to blacklist Cuba in an amendment to the annual Sino-U.S. trade agreement, which states that more than 45 countries are in “a league of conduct” against Venezuela.\nIn a speech to members of the “Venezuela Constituent Assembly”, Insulza said those disputes are “manifestations and threats” to Venezuelan democracy. He also criticized the constitution of a recently dissolved caretaker government, saying it was akin to taking over an oil field, which Venezuela was using to finance a political and economic system.\nDuring a meeting with Insulza, U.S. officials, in government meetings, presented recommendations related to social, political and economic problems facing Venezuela, including poverty, unemployment and shortages of fuel and other basic goods.\nBut Venezuela’s campaign for executive privilege and restrictions on diplomatic ties to Cuba have repeatedly drawn criticism from Washington.\n(This story corrects first paragraph to show Insulza chairs VCC meeting with Trump, not Venezuelan prime minister.)\n']
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1,582
http://www.reuters.com/article/us-usa-cuba-agriculture-idUSKBN1972WO?il=0
http://www.reuters.com/article/us-usa-cuba-agriculture-idUSKBN1972WO?il=0
U.S. farmers slam Trump’s Cuba clampdown, press forward with trade visit
null
null
['Karl Plume']
01-01-2021
reuters.com
null
success_wayback
gen
183,955
[0.949999988079071]
['The U.S. flag is displayed during a tour of the homes of farmers south of Havana January 31, 2017. REUTERS/Stringer\nWASHINGTON (Reuters) - Days before President Donald Trump’s trip to South America, farmers blamed the U.S. Treasury Department for allowing a harvest of soybeans to go ahead but halted U.S. exports to Cuba in retaliation.\nThe five-day visit by Trump, who visited Cuba in November, seeks to send a message to Trump that he intends to reverse years of Obama-era trade deals with the Latin American nation, highlighting a promise of economic growth and improved trade relations between the two countries.\nIn fact, the Treasury Department has announced that since 2002 it has suspended U.S. agricultural exports to Cuba “under an agreement guaranteeing U.S. exports to Cuba consistent with the terms” of the Trans-Pacific Partnership, the biggest trade deal between the United States and Pacific Rim countries.\n“By suspending these exports and guaranteeing U.S. exports to Cuba contrary to the agreement, the Treasury Department has increased the chances that Cuban exports to the United States will face a severe impact with substantial disruptions in the annual domestic sales of goods and services,” Adam Smith, the Treasury’s deputy assistant secretary for agriculture, said in a statement.\nHe added: “Striking a political deal with Cuba would further damage the U.S. relationship with its neighbors, and undermine Cuba’s efforts to demonstrate that it stands up for human rights, while increasing the complexity of a relationship that is normally simple and straightforward.”\nTrump and Cuban President Raul Castro visited Washington and Miami together in October.\nAt a news conference, Smith said talks on free trade between the United States and Cuba had not caused the Agriculture Department to suspend shipments.\n“This is ridiculous and is the equivalent of posturing when the world sees no solution,” Trump told reporters after the visit.\nTwo small California agricultural groups, the Ceed Tasting Project and the United Farmers Center of the East Bay, wrote to Obama’s administration in March 2017 threatening sanctions to allow Cuba to resume exporting wheat and corn and sour or sweetened soybeans to the United States.\nRaul Castro, an authoritarian president who had steered Cuba toward closer economic ties with the United States, welcomed Trump’s visit to Havana and said there was no justification for slapping U.S. sanctions on Cuba.\n“U.S. agricultural exports to Cuba must not be suspended. ... This is the right way to go,” Castro said in a statement from Havana.\nHis government had banned Cuba and Honduras and shut down rail and air transit from the United States until March this year, a time when major carriers including Suezmax tankers and ethanol were seeking permits to begin shipping grain directly to Cubans.\nThe farmers also protested Tuesday at an agricultural office in the southwestern city of San Pedro Sula, accusing the administration of facilitating a trade blockade against Cuba that can harm local agriculture.\n“I would like to participate in the U.S. Open Congress for the South American and Central American Farmers,” one farmer said to a reporter in front of an office building filled with posters with the demands.\n']
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1,583
http://www.reuters.com/article/us-uber-competition-taxify-idUSKBN1971MW?il=0
http://www.reuters.com/article/us-uber-competition-taxify-idUSKBN1971MW?il=0
Taxify hopes to lure Uber drivers with larger share of the fare
null
null
['Eric Auchard and David Mardiste']
01-01-2021
reuters.com
null
success_wayback
gen
183,956
[0.949999988079071]
['A ride-hailing company ride boarding operations are seen in San Francisco, California, U.S., June 17, 2017. REUTERS/Noah Berger\nNEW YORK/SAN FRANCISCO (Reuters) - Uber Technologies Inc (AFLRX.O) will give the ride-hailing company a larger share of the company’s $3.6 billion “big ticket” passenger revenue pool and raise the minimum wage to $11 an hour, Uber founder Travis Kalanick said on Tuesday.\nThe report, written by Kalanick, who is still independent from Uber’s board, outlines a bold bet that Uber’s new sales head is replacing Uber CEO Dara Khosrowshahi, saying the raft of policies he launched in 2017 is a template for modernizing industry practices.\nUber, which had the second-highest revenue in 2017, said in November it had hired 15,000 workers since the start of the year and has about 11,000 more in the pipeline for 2017.\nIn a separate proposal submitted to the Federal Trade Commission earlier this month, Uber set its self-driving car operation with $1.8 billion in new investment. That would place it behind seven other self-driving vehicles on the market.\nKalanick has said Uber is too tied to the taxi industry, and warned in November that the company’s sales goals were too vague for customer loyalty. He has since promised to shake things up and found some good elements in the FTC’s proposal, including the revelation that Uber’s self-driving car businesses are free to be sold to third parties.\nKalanick, who was a teen when Uber was founded as a privately held company, said self-driving cars will continue to dominate the market until larger players become market share holders.\n“How long will this grow over time? I believe it will take half a century,” Kalanick said. “But it’s a long time.”\nKalanick said the initial phase of an ambitious “Flexible, Flexible, Flexible” concept could come into force by late 2018 or early 2019, but declined to reveal any details.\nUber’s Washington, D.C.-based regulatory plan is a departure from its widely shared playbook of self-driving cars and tinkering around the model in the area of the automobile industry, which has been a strong new driver for its growth.\nKalanick has said Uber needs to open its lower costs to satisfy competition and attract more drivers, while also limiting the number of people in its fleet of vehicles. He has said Uber must give five million customers at least one driver each month.\nUber said it remains committed to making it a more responsive vehicle for all users. He said its efforts include improving app and byzantine security.\nKalanick said Uber raised $430 million in initial funding from the Detroit-based Enterprise Group and Satya Nadella, a former Microsoft (MSFT.O) executive who leads the company’s European headquarters in Dublin.\n']
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1,584
http://www.reuters.com/article/us-usa-fed-idUSKBN1972QL?il=0
http://www.reuters.com/article/us-usa-fed-idUSKBN1972QL?il=0
Weak inflation erodes conviction at Fed on rate hikes
null
null
['Ann Saphir and Lindsay Dunsmuir']
01-01-2021
reuters.com
null
success_wayback
gen
183,959
[0.949999988079071]
['FILE PHOTO: A man runs out at the 7th Floor of the New York Stock Exchange (NYSE) as stocks rise in New York, New York, U.S., December 31, 2017. REUTERS/Brendan McDermid/File Photo\nNEW YORK (Reuters) - Global markets erased strong gains on Thursday as disappointing U.S. inflation numbers undercut hopes that the Federal Reserve might ramp up its aggressive monetary expansion if the economy unexpectedly improves.\nThe dollar tumbled as low inflation kept U.S. yields on benchmark 10-year Treasuries low and erased some more ground last week. Traders said the weaker inflation numbers made it likely the Fed would likely raise rates sooner than analysts had expected.\nThe Fed surprised markets this week when it lowered its benchmark rate from the start of its policy-making.\nThe Fed’s statement on Thursday reassured investors that more hawkish policy was not in the cards.\n“There’s a general view in markets that if inflation keeps moving at a low level, it’s likely that the Fed will hike sooner than expected,” said Hank Johnson, chief strategist at Fan Fan Merrill Asset Management.\n“Expectations about the real Fed will never have a chance to get in line.”\nThe drop in inflation on Wednesday raised concerns about the health of the economy and the risk of inflation heading up toward the Fed’s 1 percent target. The rise in inflation initially fueled a sell-off among stocks. But it has since cooled.\nFirst-quarter core inflation in the United States tumbled 1.5 percent from the year-ago period, mostly due to a 0.7 percent drop in gasoline prices, according to the Labor Department.\nOPEC and the International Monetary Fund, two key lenders to the oil cartel, raised their forecasts for 2018 inflation to 1.3 percent from 1.5 percent in the outlook, sparking speculation that the U.S. central bank might hike rates sooner than it expected.\nAnalysts said the impact on global stock markets was limited by its apparent absence from the United States.\n“There’s no doubt that demand for commodities will probably increase even further this year,” said Gene McGillian, chief investment strategist at Manulife Asset Management.\nData on Thursday showed U.S. producer prices increased at their fastest pace in three months in December, which added to fears the economy was rolling over from the bad weather.\nAnd U.S. inflation in the first half of this year is projected to be closer to the 2 percent estimate than the 2.3 percent forecast on Friday.\nThe only bright spot on U.S. equity markets was a large jump in shares of U.S. funds that track the performance of frontier markets - because of the buoyant mood in frontier markets.\nU.S. stocks ended the day up 0.2 percent after hitting a record high in December. The S&P 500 ISE index ended the week up 3.1 percent, following its best weekly performance in a year, fueled by rising corporate earnings.\n']
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1,585
http://www.reuters.com/article/us-fiatchrysler-emissions-epa-idUSKBN1972IH?il=0
http://www.reuters.com/article/us-fiatchrysler-emissions-epa-idUSKBN1972IH?il=0
EPA suspected Fiat Chrysler of using ’defeat device’ in 2015
null
null
['David Shepardson']
01-01-2021
reuters.com
null
success_wayback
gen
183,961
[0.949999988079071]
["WASHINGTON (Reuters) - The U.S. Environmental Protection Agency on Wednesday identified the company (Fiat Chrysler Automobiles NV) as the inventor of a device that makes air-conditioning devices easy to read, a move which could end the agency’s decade-long probe of the company.\nIn a statement, the EPA said the agency was investigating the company’s recall of over 150,000 hard-drives of certain Fiat Chrysler diesel cars because of an air-conditioning defect that could have led to widespread roadside smog in February 2015, a month before the agency reopened the probe.\nThe company later agreed to recall more than 440,000 diesel vehicles due to the problem and have asked the U.S. Environmental Protection Agency to take corrective action, the EPA said.\nFiat Chrysler “has not been responsive to the investigation and must immediately cease the third-party recall with immediate effect,” the company said in the statement.\nThe company called the EPA “misguided” in agreeing to recall 103,981 vehicles last year.\nThe EPA’s probe has been concentrated in the Midwest and northern West, where heatwaves and severe thunderstorms make diesel cars more likely to smog and drive away residents.\nThe EPA’s investigation also involves an unrelated case in South Carolina, where a 2015 Jeep Cherokee was released and disinfected after a vehicle was linked to an electrical problem in which fumes were emitted from something called a “defeat device.”\nIn 2015, several states attempted to block the agency from investigating Volkswagen AG’s diesel emissions cheating program, but Volkswagen refused to cooperate with the agency. The EPA also issued a document it said “contains similarities” to a reported case in Delaware in which a 2013 Nissan Sentra was put on alert for a defect that could have prevented it from using its engine.\n“We already discovered that an airport would show the same defect to a car full of occupants in one passenger compartment,” the agency said in a statement.\nFiat Chrysler issued an apology earlier this month after the company said that equipment used to help purify diesel cars was back in operation. A Fiat Chrysler spokesman declined to comment.\nThe EPA has so far not investigated whether the company has violated diesel fuel quality standards, the agency’s Office of the Inspector General said in January.\nThis summer, the agency announced it had fined or suspended about $99 million over a Volkswagen diesel emissions-rigging scandal centered on a different, smaller car, a small Vauxhall Corsa. Volkswagen said the fines were unrelated to its emissions-rigging efforts.\n(This version of the story corrects agency's position in paragraph 15; clears Volkswagen's settlement as better than Fiat Chrysler)\n"]
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1,586
http://www.reuters.com/article/us-usa-stocks-idUSKBN1971F1?il=0
http://www.reuters.com/article/us-usa-stocks-idUSKBN1971F1?il=0
Amazon-Whole Foods deal roils Wall St.; energy shares gain
null
null
['Lewis Krauskopf']
01-01-2021
reuters.com
null
success_wayback
gen
183,962
[0.949999988079071]
["NEW YORK (Reuters) - A deal to combine Whole Foods Market Inc WFM.O and rival Kroger Co KRKR.N shook up the prices on oil and natural gas and electricity and settled speculation about whether Whole Foods could go public.\nIn this file photo, Whole Foods Market Inc stock is pictured on the company's campus at downtown Los Angeles in Los Angeles, California, August 21, 2014. REUTERS/Lucy Nicholson/Files\nThe chief executive of Whole Foods said the grocer is moving aggressively toward disposing of smaller operations to build customer loyalty.\nKroger also announced on Thursday that its growth will be dampened in the next few years as it moves into grocery stores focused on delivering affordable items at no cost.\nWhole Foods has been in an extended slump. The company has managed to offset competition and has been mostly focused on low-cost, focused offerings. It has shed around 2 percent of its nearly 39,000 U.S. stores.\nYet investors seemed rattled on Thursday, betting the possible deal would unravel.\n“The deal has to be good to be part of the marketplace, and it could blow that one up,” said Michael Pachter, an analyst at Wedbush Securities.\nWhole Foods traded as low as $50.83 in mid-morning trading on the New York Stock Exchange, its lowest level since March. Its shares closed at $51.99.\nKroger Chief Executive Robb James added: “Our stores have opened all of these stores at one time and executed a succession plan in 2014. So we’re not too far off from talking about transitioning to a new opportunity that fits well with the underlying strategy.”\nNevertheless, he acknowledged that the deal is unlikely to survive regulatory scrutiny, given the mounting price pressures that the market is dealing with and the competition that is being raised.\n“While the logic is that there will be competition, we still need to reduce costs and we need to achieve meaningful improvements across the chain,” he said.\nWhole Foods has announced 26 stores this year, roughly a third of the new stores expected in the next few years.\nNo matter how unsuccessful Whole Foods’ first foray into the space, Richard Schulze, an analyst at Jefferies LLC in New York, thinks the move could make Kroger’s stock slightly more attractive.\n“Maybe the bigger question is, ‘Hey, do we need the Whole Foods merger to close out the year,'” he said.\nWhole Foods’ stock rose 0.7 percent to $53.67 in premarket trading. Kroger’s shares were down 1.7 percent to $25.80.\n"]
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1,587
http://www.reuters.com/article/us-whole-foods-m-a-workers-idUSKBN1972VI?il=0
http://www.reuters.com/article/us-whole-foods-m-a-workers-idUSKBN1972VI?il=0
For Whole Foods workers, fears of robots, drones and culture clash
null
null
['Lisa Baertlein and Harriet McLeod']
01-01-2021
reuters.com
null
success_wayback
gen
183,963
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['NEW YORK (Reuters) - Robots, drones and the arrival of permanent technology might seem ridiculous to rank the top three acts following President Donald Trump\'s election last year, but for workers on a range of industry-related jobs and millions of workers across the U.S., the long-term ramifications have been palpable.\nAt Friday\'s market close, Whole Foods Markets Inc (WFM.N) reported a 6 percent profit rise on a 23 percent rise in same-store sales, as the company touted to the market more stock for new customers and redesigned stores, in the hopes of appealing to shoppers tired of the blandness and sheer simplicity of its most elaborate offering.\nThe company, which operates 365 brands such as Whole Foods Market, Whole Foods Market Snacks and Urban Outfitters, said it would launch products inspired by animals, the Reuben sandwich, in spring and that employee pride and color were of "great importance to all employees."\nThe ability of people to customize items and how they are packaged seems to have taken root among workers, since more retailers are adding the ability to customize the food without a professional basis.\n"You can do so much faster, (and) you don\'t have to wait 30 seconds for the product to come on the floor," said Robin Holmes, associate dean of management at the University of Illinois at Chicago\'s Booth School of Business.\n"There\'s a tendency to think that the robot design is correct for the purpose of being able to do your job," she said.\nManufacturers are embracing the process by which workers can create their own products, from replacing discarded shelves with new ones with the latest technology to delighting customers by retrofitting for use on office tables.\n"The labor involved with that has increased dramatically in the U.S.," said Koiza J. Cooper, director of the Talent Opportunity Project at the University of Chicago.\n"There\'s a lot of urgency that\'s still needed."\nA Pew Research Center study last year found that 17 percent of United States workers had a job, but that many had jobs with poor pay and low levels of education and a lack of knowledge and skills.\nWhile many said that companies offering employee perks like paid sick days and payments for overtime made them more attractive to employees, the profit-sharing offer also gave rise to concerns about the company\'s progress in making its stores attractive to tech-savvy shoppers.\nFar outfitting Whole Foods for additional roving robots would take a "rude awakening" to think the company wasn\'t giving enough attention to consumerism, said Carol Conte, an ex-Whole Foods employee and media columnist for Washington Post.\n"The biggest thing in my mind is that they can\'t let this go as long as it does," Conte said.\nOther concerns highlight one big source of concern for workers who work at Whole Foods: AI. A drone could make recommendations on whether to roast a steak and pop a burger into the can of chicken soup.\nYou can learn more about emerging trends in robotics at http://news.wtc/infrastructure/totals/end-to-end-robotic-means-machine-pursuing-timely-analysis/\n"It has a lot of collateral damage in the hands of the savvy (employees)," said Michael Gruenburger, adjunct professor of media entrepreneurship at George Washington University\'s Robert B. Kuhn School of Journalism and Mass Communication.\n"They want to think \'Well, they\'ve got a certain level of responsibility to make it as beautiful as possible.\' And at the end of the day, it\'s going to create friction with people because of that."\n']
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1,588
http://www.reuters.com/article/us-usa-cuba-travel-idUSKBN19728N?il=0
http://www.reuters.com/article/us-usa-cuba-travel-idUSKBN19728N?il=0
Individual travel scrapped under Trump’s new Cuba policy
null
null
['Alana Wise']
01-01-2021
reuters.com
null
success_wayback
gen
183,964
[0.949999988079071]
['WASHINGTON (Reuters) - Some parts of the U.S. government will continue to allow the use of travel restrictions for business travellers because a change to President Donald Trump’s policies did not meet regulations to enhance security on international flights, according to a draft report.\nA security poster is seen at the entrance of the White House in Washington, U.S., December 22, 2018. REUTERS/Kevin Lamarque\nThe U.S. agency that oversees visa policies for travel by U.S. citizens also issued its final recommendation that allows travellers seeking to travel to Cuba and only U.S. persons who are granted permission to travel are exempted from restrictions.\nThe changes put in place under Trump on Friday will effectively require travelers to obtain a waiver from travel restrictions in one year as well as from the current year.\nThe use of travel restrictions expired in October, but officials with the Department of Homeland Security and USAID have said that recent vetting procedures at the U.S. consulate in Havana, Cuba, began to favour more cautious, less-strict travel.\nWhile expanding the classification of immigration-related matters would allow exceptions to stop people from attending or training special economic projects, the report said that the procedure would not be popular with Indians and Asians, though they may find that some people with visas cannot be granted visas to attend specific financial events.\n“Changes in bilateral agreements between the government of Cuba and those of the United States can do little to address the concerns of this broad coalition of government-designated international citizens,” the report said.\nCritics of the change in travel restrictions in particular have said that it changes the regime of the Trump administration’s longstanding policy of forcing American citizens into the Castro government to seek approval from the United Nations to travel to the United States.\nThe report recommended that those exempted are protected by a prohibition on discrimination on the basis of the Cuban passport.\nIn some countries, presidential decree on travel restrictions that do not meet the same requirements would also apply.\nCuba is one of four U.S. states to restrict U.S. residents from traveling to Cuba, including visa waiver programs. Cuba is considered a closed country and the only mainland country with which the United States does not have a diplomatic relationship, making it difficult for immigration officials to determine who is eligible to fly there.\nTrump created the travel restrictions in 2017 to free the Trump administration from constraints imposed by Cuba’s Communist leaders and discourage Washington from undertaking an unprecedented program of “economic sanctions” against Cuba.\nThe administration also announced on Monday that it would withdraw from U.N. Security Council sanctions on Cuba for human rights violations after agreeing that a necessary vote on the resolution was never held.\n']
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http://www.reuters.com/article/us-whole-foods-m-a-jana-idUSKBN1972QU
http://www.reuters.com/article/us-whole-foods-m-a-jana-idUSKBN1972QU
Hedge fund called ’greedy bastards’ by Whole Foods CEO would make $300 million on sale
null
null
['David Randall']
01-01-2021
reuters.com
null
success_wayback
gen
183,966
[0.949999988079071]
['(Reuters) - The world’s largest publicly traded hedge fund that sold a stake in Whole Foods Market Inc for $450 million on Friday would reap a market capitalization of around $310 million if the stock markets closed on Friday, according to regulatory filings.\nSanta Cruz, California-based Whole Foods Market Inc (WFM.O) joins a growing list of prominent funds that sold out of their mutual funds at a time when the U.S. stock market has yet to recover from last year’s sharp selloff, many of which have wound up totaling billions in assets.\nBut recent hiccups by low-cost new mutual funds, which helped push stocks higher in 2012 as they were seen as potentially volatile, have raised concerns among analysts about the health of the economy.\nHedge funds sold 1.15 percent of shares of Whole Foods shares through the New York Stock Exchange in the first two weeks of November, according to regulatory filings.\nThe sudden sales, which were disclosed just two days after the stock market closed on Friday, would reap a $300 million fee if stock markets opened at a regular session on Friday.\nSeveral of Whole Foods’ assets in exchange for the discount received from the New York Stock Exchange, including $19.30 million in stock held by Bristol-Myers Squibb Co (BMY.N) on Tuesday.\nA sale of shares to hedge funds would pay more than a 28 percent fee on the average net worth of analysts tracked by Bloomberg, based on valuations before the deal, according to the filings.\nStill, the major value miss in selling shares is worth less than some $3.5 billion, according to some Wall Street analysts.\n“Any short-term fee will yield over the next two years considerably less than what investors would receive at a normal stock market close,” analyst Maria Bartiromo of CHMP said in a note to clients on Friday.\nInvestors sold 74 million shares of stocks in the New York Stock Exchange on Friday, according to Thomson Reuters data. The median price target of 24 analysts was $4.44 per share.\nDavid Leonard of Duane Grubert & Co said he thinks investors taking profits in the seller-friendly mutual funds are returning the most, in part because they bought at lower prices than the stock market.\n“They bought into the extreme rally of late,” said Leonard, who declined to be named. “They do, however, have returned to the 30-day/weeks,” with only a small retreat of the 65-day line.\nAndrew Roberts of Oppenheimer & Co said “deer scallops” sale was triggered by a sudden spike in the price of oil and stocks.\nREALTORS POINT OUT\nThe fluctuations in the price of stocks, which are sensitive to economic developments and performance, may also be contributing to the lack of long-term demand for such assets, Roberts said.\nIn another sign of the need for liquid investment vehicle asset classes, hedge funds of Marsh & McLennan Cos Inc (MMC.N) have sold a 10 percent stake in hedge fund mutual fund Barclays Global Investors LLC for a little less than $100 million, the broker said.\nBarclays has said that it expects to sell the stake next week and will provide more details in the interest filing due to size of the stake. (Reporting by David Randall in Boston; Editing by Lisa Von Ahn)\n']
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1,590
http://www.reuters.com/article/us-nbc-megynkelly-breakingviews-idUSKBN1972JQ
http://www.reuters.com/article/us-nbc-megynkelly-breakingviews-idUSKBN1972JQ
Cox: NBC’s fake-news foray could have real fallout
null
null
['Rob Cox']
01-01-2021
reuters.com
null
success_wayback
gen
183,968
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['WASHINGTON (Reuters) - Continuing efforts to gain viewers with its news and analysis networks after President Donald Trump’s election have taken a toll on some news organizations.\nFILE PHOTO: A man stands outside the top floor of the Trump National Golf Club in Golf Course Country Club, Virginia, U.S., August 12, 2017. REUTERS/Larry Downing/File Photo\nNBC News started producing its own original content following the presidency, but not content with its previous programming, as its first efforts to remake news show The Real Me failed at the same time as its game show After the Dead decreased viewership.\nThe Worldwide Press Association said the ratings for the network, which also hosts the Emmy award-winning “You Can Count on Me,” have dropped 50 percent in the past year.\nNBC News Chief Brian Williams apologized to fans Monday after an online petition against his firing was signed by more than 190,000 people.\nWilliams’ comments were made on his show Thursday and they suggested viewers will change their minds when he took an afternoon time slot this week to respond to critics for displaying his opinions on his eventual successor.\nNBC declined to say how many viewers have accepted his apology but Williams now has more than 40 million subscribers. He said viewers still left his show regardless of whether their original opinion had changed.\nNBC News executive vp Martha MacCallum and co-presidents Jeff Zucker and Mark Halperin declined to comment on their feelings about the show.\nThey did not immediately respond to a request for comment.\nLarry Diamond, a professor at the University of North Carolina Law School who studies political reporting, said the likelihood of lasting impact might be low.\n“This may very well be a backlash to (Trump) or something just based on the opening of day,” he said.\nThe show set up by Fallon, a little-known veteran news anchor and former presidential candidate, has alienated viewers due to its complex subject matter and the voluminous roster of so-called Clinton hoaxes.\nBut MacCallum is hardly the only professional NBC newsperson to suffer as a result.\nHoward Kurtz, the host of “The Howard Kurtz Show,” was fired by NBC in February in what ended up being his last day on the job.\nPer during a White House sit-down Monday, former NBC News anchor Chuck Todd said he felt “less outrage and hatred” than Trump during the debate, which was decried by his past campaign adviser Carter Page as “enriching” the Clinton campaign.\nNBC News said the cancellation of the show came in the aftermath of “a potentially awkward multi-week period” for the network during which it shut down an online discussion forum about the legitimacy of President Donald Trump.\nDuring the debate, Trump admitted the election results were rigged, claiming his opponent Hillary Clinton had “won it all” in the election.\n']
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1,591
http://www.reuters.com/article/us-olympics-mcdonalds-idUSKBN1971HB
http://www.reuters.com/article/us-olympics-mcdonalds-idUSKBN1971HB
McDonald’s ends Olympics sponsorship deal early
null
null
['Liana B. Baker and Karolos Grohmann']
01-01-2021
reuters.com
null
success_wayback
gen
183,969
[0.949999988079071]
['(Reuters) - McDonald’s Corp (MCD.N) has ended a contract to sponsor the ongoing Olympic Games after it missed a midnight deadline to agree to an agreement with the International Olympic Committee, a spokeswoman said on Tuesday.\nFILE PHOTO: Los Angeles Lakers players, left, and U.S. Olympic sprinter Kyle Korver pose during the team\'s Tribute to the Service event during the 121st world championships in Rome, Italy July 14, 2017. REUTERS/Alessandro Bianchi/File Photo\nMcDonald’s two-year sponsorship deal was due to end on Dec. 19, but the company chose to cancel the deal in the wake of the IOC election in November, spokeswoman Katja Wilder said.\nThe logo of McDonald\'s Corp is pictured outside its store in Seoul, South Korea, November 15, 2015. REUTERS/Beao Yoon/File Photo\nThe "challenging end to the Olympic Games" offers McDonald’s more time to address issues with the IOC, Wilder said.\n“These are difficult negotiations and conditions were not met at all,” Wilder said in an emailed statement.\nThe Paris hotel chain, which is aligned with the IOC, also said it was canceling its sponsorship.\nMcDonald’s, which owns eight of the top 10 restaurants in the world, was among the leaders of the various protests against the IOC and current U.S. President Donald Trump, amid calls from some in the business world for Olympic organizers to remove top politicians and trade and hotel executives from the Games.\nIn Washington, U.S. Senate Majority Leader Mitch McConnell said that a move to pull the event out of the 2016 Olympics would not solve the problem.\n“This is going to be a question of collective wisdom and giving individuals a lot of advice,” McConnell told Reuters.\nTrump, while praising Olympic organizers, said the Games “underpinned my entire foreign policy” and said the Republican Congress should back a path to the 2020 Tokyo Olympics.\n']
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1,592
http://www.reuters.com/article/us-germany-kohl-idUSKBN19723M?il=0
http://www.reuters.com/article/us-germany-kohl-idUSKBN19723M?il=0
Helmut Kohl, father of German reunification, dies at 87
null
null
['Paul Carrel and Thomas Escritt']
01-01-2021
reuters.com
null
success_wayback
gen
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['BERLIN (Reuters) - Markus Kohl, the patriarch of Germany’s reunification in 1945 who gained national pride during a pivotal national struggle, died of complications from cancer on Thursday, his family said.\nChancellor Angela Merkel said the former German chancellor passed on peacefully on his bed in the Rhineland Forest. Kohl had suffered from Alzheimer’s disease since 1994 and suffered from cancer and other cancer in recent years.\nKohl had long been regarded as a hero in Germany. He founded the first police union in the state of North Rhine-Westphalia and he was instrumental in the so-called Grand Coalition - the handovers of German states and federal institutions from Communist-era authorities to Protestant ones.\nIn a 1949 essay for Frankfurt’s German magazine, Kohl wrote that it was then the “West Germany’s chance to discover new, far stranger things”, describing its “united federal state” in France and Southeast Asia as Switzerland.\nHe went on to champion integration, argue, and even propose plans for a federal system of check-and-balance between state and federal regions.\n“From a Christian, philosophical standpoint, we have at least as much to offer as slavery and war in the twentieth century,” Kohl, who was born in Freetown, South Africa, said in a 1994 essay for the German magazine Boilermaker.\nHis humility and penchant for uncertainty for thought were evident in his speeches to young people.\n“It would take a joke to make Germany of the world,” he told participants at an October 1987 address by Simon Dulzin at the World Congress of the European Union in Berlin.\nIn 2004, the 56-year-old recalls an open letter sent to U.S. President Barack Obama under the headline “Dear Obama, Never Again”, which the German newspaper Joachim Kosen wrote was published to mark a visit by Obama to the country, and with similar inspiration.\nKohl, who looked frail in a hospital scrum with press aides at the weekend, went for a brief luncheon during which he spoke about continuing German “mitigations and hopes”. He described the reunification as a “royal” victory.\n“Brush up the grain, erect the barley, stand up the gun, embrace the bodies on the ground ... then walk out the front door,” he concluded.\nILLUSTRATION\nThe patriarch of Germany’s reunification was among a close-knit clan in the Rhineland, with combined brood of around 350, on Bavaria and the Mennonite and Christian communities, and a deep allegiance to his communist father, who was king of Germany.\nHe was known as one of the family’s best-known figures, having stints as propaganda minister, university professor and president of the Wehrmacht party, the “blue-gray party” formed in 1949 during a far-right revolt against the communist rule.\nKohl’s daughter Tatjana carried a silver cape on her chest, which at the age of 18 could attract air-raid sirens, as she marched as part of a member of the civil rights movement in “white hats” - otherwise known as the Mennonites.\nKohl was born August 3, 1924, in Durnstein, South Germany. The family’s two sons were Holocaust survivors.\nDuring his political career, the German government approved the formation of a non-German parliament - the Bundestag, a pro-German majority - and a supervisory board that approved military strikes against Germany.\nKohl himself became one of Germany’s most decorated war veterans, a fellow flying ace with a Bronze Star who was shot down in Normandy.\nHis stepson, Sigurd Dordweig, was born in Budapest to a Greek-speaking father and a German-Jewish mother and raised in a Siberian house.\nKohl was a convert to Communism after his mother’s year of Passover celebrations. “My mother always wanted to be a communist,” Kohl told a 2008 German magazine interview.\nBut he returned to Nazi-laced Germany shortly after World War Two to attack some parliament members who had urged them to adopt an ethnic German national charter, his deathbed admission rejected by many scientists.\nHe later became a Nobel Peace Prize laureate and the recipient of the Nobel Prize for Literature in 1994.\n“I don’t think Dieter Kosslick would have dreamed about the death of his good friend Markus Kohlk when he was the German chancellor,” said Holger Rehm, a history professor at Dresden’s University of']
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1,593
http://www.reuters.com/article/us-usa-trump-russia-ukraine-idUSKBN1971TT
http://www.reuters.com/article/us-usa-trump-russia-ukraine-idUSKBN1971TT
Trump acknowledges he is under investigation in Russia probe
null
null
['Susan Heavey and Patricia Zengerle']
01-01-2021
reuters.com
null
success_wayback
gen
183,972
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['WASHINGTON (Reuters) - President Donald Trump maintained Friday he was under investigation in connection with a 2016 Russian election meddling as top White House aides briefed Trump on the probe, setting off a scramble for support from allies of the president.\nFILE PHOTO: U.S. President Donald Trump (R) walks with family and friends to his golf club in Bedminster, New Jersey, U.S., November 28, 2017. REUTERS/Tony Gentile/File Photo\nIn a statement, White House spokeswoman Sarah Huckabee Sanders said Trump was briefed on the review of an “administrative detail” of its investigation. She did not give additional details.\nTrump this week gave the Democratic National Committee a six-month extension after the RNC asked for more time.\nSanders said the president was concerned that the probe could have “diminished any momentum” for his efforts to put in place reforms to the transition team.\n“It appears that Mr. Trump is looking at a broad range of possibilities, but White House Chief of Staff John Kelly will continue to meet with all of our federal law enforcement and special counsel teams on the investigation as we work through any additional evidence to support our findings,” Sanders said.\nPresident Barack Obama set up a White House task force after the election to oversee the Russia probe, and some investigators in the White House sent their own review staff in response.\nOne of Trump’s officials, Kushner, who has been the acting director of national intelligence for his role in investigating Russia, resigned on Friday. Washington media reported that Robert Mueller, head of the FBI’s Russia counterintelligence team, will remain on the office’s payroll.\nThe White House statement did not address whether Kushner was a target of the probe.\nKushner is a senior adviser to the president who is meeting with his attorneys and friends over the weekend, including this week by telephone.\nLast week, Trump said Trump had asked for the help of people on “grey list” of people he wanted to hire. Earlier this week, Democratic U.S. Senator Richard Blumenthal of Connecticut raised concerns about a possible conflict of interest.\nSamantha Power, a Republican House of Representatives member from Rhode Island, tweeted this week that the Trump administration “seems to be at odds” with the White House over its actions since he took office.\nSince taking office, Trump has renewed calls for nominees and other appointments to fill key National Security Council posts and has touted legislation he is seeking to roll back regulations that had prompted the White House to ease restrictions on the oil, nuclear and gas industries.\nThe U.S. Senate rejected a major overhaul of the nuclear arms control treaty with Russia on Dec. 20. His goal of holding out nearly the full, 10-year term remains unclear.\nSlideshow (4 Images)\nMeanwhile, Trump has signaled concerns about his handling of the Russia investigation, saying on Twitter on Dec. 20 that he was “not only close to Russia, but engaged in a collusive affair with them.”\n']
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0.9991546869277954, 0.9995546936988831, 0.11427150666713715, 0.9999929666519165, 0.9999628067016602, 0.9999476671218872, 0.006058915052562952, 0.9567579627037048, 0.2878361940383911, 0.22112050652503967, 0.008712705224752426, 0.002521469257771969, 0.6704668998718262, 0.1295901983976364, 0.03845403715968132, 0.9971174001693726, 0.4583436846733093, 0.23680518567562103, 0.31589943170547485, 0.3406713008880615, 0.15907150506973267, 0.150527685880661, 0.1750752478837967, 0.2844080924987793, 0.0894167423248291, 0.9953521490097046, 0.0763767659664154, 0.8024330735206604, 0.4027232527732849, 0.32232600450515747, 0.4316222667694092, 0.9990357160568237, 0.028455154970288277, 0.008088288828730583, 0.0019508667755872011, 0.8528162837028503, 0.06869098544120789, 0.5606856346130371, 0.8998776078224182, 0.00032383340294472873, 0.7538499236106873, 0.3461619019508362, 0.0005691531696356833, 0.6060430407524109, 0.010830680839717388, 0.42624178528785706, 0.26112332940101624, 0.5833346843719482, 0.6495202779769897, 0.9997833371162415, 0.8798648118972778, 0.22295886278152466]]
1,594
http://www.reuters.com/article/us-usa-russia-sanctions-germany-idUSKBN197156
http://www.reuters.com/article/us-usa-russia-sanctions-germany-idUSKBN197156
Germany threatens retaliation if U.S. sanctions harm its firms
null
null
['Gernot Heller and Alissa de Carbonnel']
01-01-2021
reuters.com
null
success_wayback
gen
183,973
[0.949999988079071]
['BERLIN (Reuters) - Germany’s foreign ministry on Friday threatened to retaliate if the United States does not do more to pressure China to ease its unwarranted trade restrictions, after the North American giant admitted that it was violating U.S. sanctions.\nGerman Finance Minister Sigmar Gabriel said a new U.S. penalties imposed by the State Department were “considerable”, but a German source said there was a more cautious approach after Friday’s decision by the U.S. Treasury Department.\n“The increasing harm our industry, our country’s currency, our industry, our industry is doing is, regrettably, difficult to manage in a way which, in fact, is in the public interest. We are ready to respond once a new round of sanctions is implemented,” Gabriel said in a statement, adding that China needed to manage its trade practices better.\nThe new sanctions cited the measures imposed last year by China in a new round of sanctions on its exporters - mainly China - and their financing of workers.\nThe United States imposed an additional charge on the banking system of China at the start of 2017, an unprecedented step that would raise concern for Germany and its $1.6 trillion economy.\n“China is doing something in the interest of the people of Germany, so we are very worried about this practice,” Gabriel said, adding that the German finance ministry was “exploring ways in which to respond fully” to the accusations.\n']
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1,595
http://www.reuters.com/article/us-mideast-crisis-syria-baghdadi-idUSKBN1970O2
http://www.reuters.com/article/us-mideast-crisis-syria-baghdadi-idUSKBN1970O2
Russia’s military says it may have killed IS leader; West, Iraq skeptical
null
null
['Dmitry Solovyov and Ahmed Rasheed']
01-01-2021
reuters.com
null
success_wayback
gen
183,974
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['MOSCOW/MOSCOW (Reuters) - The U.S.-led coalition fighting the Islamic State militant group has reported no evidence of Russian forces’ involvement in the bombing of a suspected Russian military base in Turkey, but worries about the potential for confrontation remain.\nFILE PHOTO: The headquarters of Russian state oil giant Rosneft is seen in Moscow, Russia, May 9, 2016. REUTERS/Maxim Shemetov/File Photo\nA statement from the Russian military on Monday said the presence of a Russian-led coalition force was probably causing “several violations” of its airspace, but did not give a timeline.\nThe number of Russian military vehicles, including armoured personnel carriers and helicopters, who had deployed from the air as an air strike target on Sept. 30, is unclear.\n“The situation is not easy,” said analyst Nikolai Topolov.\n“If you look at the status of the position of the coalition forces, which have given up on the battle, the situation is fluid and it can take time to settle into the structures,” Topolov told Reuters.\nA key focus of any coalition military effort in Syria is Russia’s air campaign in Iraq, which comes at a delicate time, as President Vladimir Putin is under pressure to strike at any Russian air defences.\nThe United States has accused Russia of bombing Islamic State bases in northern Iraq with dozens of Patriot anti-aircraft systems, which it accused of providing false information to the Syrian government.\nPutin said on Saturday that “enough is enough” but indicated that he would back down in the absence of force action, saying: “I will never admit that Daesh terrorists have died.”\nExperts have suggested Moscow could be using Russian air surveillance to train its air forces. But international observers have said Russia may be suppressing its forces in Syria.\nThat may threaten Russia’s ally Turkey, which does not have an air force or any significant support for any military campaign against the Islamic State, particularly with its active presence in the region.\n“Russia may use its air cover in its military operation in Syria to create the backdrop for a Turkish military deployment in northern Iraq. This is happening only months before we are even reviewing our very active air defence system,” Oleksandr Markboh, a expert at the Institute of Air Defence Studies in Moscow, told Reuters.\nTurkish Prime Minister Ahmet Davutoglu told Reuters on Friday that Russian air defence systems have confirmed that a military aircraft belonging to the country was, for the first time, carrying Russian air defence technology.\nHe added that the aircraft, which had been in Turkish airspace for months, would now be switched to Russian airspace.\nIn a statement late on Sunday, military-affiliated states claimed the Islamic State jihadist group had launched an attack on Tal Abyad air base southeast of the Syrian city of Aleppo on Friday, where it had claimed responsibility for the bombing, claiming that a Syrian soldier had been injured.\nThere was no immediate comment from Russia on the Turkish claim.\nRussian plans for an expanded anti-aircraft defence system mean there is a significant challenge to the Moscow-led effort, and there are concerns over the potential for confrontation in some areas.\nExperts in Russia’s readiness to use air-defense systems have welcomed the start of the Syrian operation.\n“We have military reaction doctrine for launching air-defense plans in existing circumstances,” Mikhail Halin at the International Institute for Strategic Studies said.\n“But I don’t think it’s appropriate to expect that the Russians are ready to use both air defenses as soon as possible,” he said.\nTurkey has complained that the Russian airforce is controlling its airspace and that local authorities are reducing the number of Russian forces there.\n“From our perspective, we would not expect a good result from the completion of this operation.” (Reporting by Dmitry Solovyov and Ahmed Rasheed; Additional reporting by David Brunnstrom in Berlin, Marko Pancholi in Ankara and Alexei Anishchuk in Moscow; Writing by Dmitry Solovyov; Editing by Ian Geoghegan)\n']
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1,596
http://www.reuters.com/article/us-usa-northkorea-detainee-un-idUSKBN19712P
http://www.reuters.com/article/us-usa-northkorea-detainee-un-idUSKBN19712P
U.N. envoy urges North Korea to explain why freed U.S. man is in coma
null
null
['Stephanie Nebehay']
01-01-2021
reuters.com
null
success_wayback
gen
183,975
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['GENEVA (Reuters) - North Korea’s U.N. envoy called on Saturday for Kim Jong Un to tell the United States why a U.S. spy plane managed to get through a secure gate during its removal from the Korean peninsula, a Vietnamese pilot and two Japanese fishermen questioned before being detained.\nA North Korean flag flies at the hotel where a detainee was held after his removal from the North Korean air force unit in Pyongyang, South Korea November 29, 2016. REUTERS/Kim Hong-Ji\nThe suspension of U.S. cargo flights is yet another blow to North Korea, and the United States has focused on isolating it following the collapse of Kim Jong Un’s father, Kim Jong Il, in North Korea.\nThe detentions, coming a day after the death of U.S. envoy Kurt Boyd, follow a planned order from Trump on Friday to dismantle the U.S. nuclear arsenal, and he called on the North Korean regime to explain why it was allowing him to remain isolated and subject to “hostility” from Pyongyang.\n“He is talking about the U.S. nuclear threats that the world is living with today. But I just think when he goes out and says this is the way to do it, what does he say?” Mila Bokkova, a U.N. special envoy on North Korea, told Reuters.\nShe declined to give details and the unnamed translator interprets the language, but Bokkova said North Korea officials had threatened that the U.S. spy plane could be attacked.\nShe said the U.S. Navy had detained three Taiwanese fishermen for questioning, and a Vietnamese vessel was detained in a South Korean port. Bokkova said the humanitarian issue was the key issue in the end.\n“This is a pretty intense situation. We have people who have been injured or killed, we have had North Korean state security personnel who have been detained, this is a humanitarian issue,” she said.\n“We need to understand this is a humanitarian issue. The disappearance of this plane from North Korea in the space of an hour or so creates enormous concerns that need to be dealt with.”\nSouth Korean President Moon Jae-in has said the U.S. spy plane was “very dangerous” and should be cancelled to avoid further damage to the North Korean economy.\nHis meeting with North Korean leader Kim Jong Un in Seoul on Saturday focused on negotiations in North Korea. North Korea has been taken under its wing by Kim and South Korea has seen unusually heavy military activity in recent years.\nU.S. Special Representative James R. Clapper, who is leading the joint U.S.-South Korean intelligence joint task force investigating the poisoning of North Korean diplomats in April, said North Korea needed to explain how the U.S. State Department has detained an American who was working for its aerospace research arm, North Kitts Pacific Industries.\nHONEST TALK WITH JENKINS\nRainer Riksdjerd, a French drone technician who is fighting for his life in North Korea, said North Korea must explain why it allowed two Japanese fishermen to be detained just one minute before their disappearance.\n“In Europe, we ask questions about what happened,” he said. “Where exactly did it go wrong? Where did it go wrong? Why did it go wrong? I don’t want to hear about the U.S. using the words ‘state security’ without any explanation.”\nA Vietnamese air force F-16 fighter with a crew of seven was killed in a suspected cyberattack on May 13. The head of the International Committee of the Red Cross said the president of Laos should let travel be arranged to four Japanese soldiers detained just before their abduction.\nU.S. officials have said they doubt the Japanese detainees got through, but the U.S. has noted that three other Japanese involved were translators for the U.S. aircraft — one Chinese and one Vietnamese.\nSlideshow (7 Images)\nRinh Hoang, the director of the International Committee of the Red Cross’ operations in North Korea, said he was cautiously optimistic that a pardon should be announced in coming days for six of the detained Americans.\n“Pardon issues need to be decided by Kim Jong Un,” Hoang said. “We trust the president can do this, and should bring it to his notice, there will be a pardon.”\n']
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1,597
http://www.reuters.com/article/us-usa-banks-idUSKBN1972AL
http://www.reuters.com/article/us-usa-banks-idUSKBN1972AL
Yellen says Fed to give banks more details on stress tests
null
null
['Olivia Oran and Pete Schroeder']
01-01-2021
reuters.com
null
success_wayback
gen
183,980
[0.949999988079071]
['(Reuters) - U.S. Federal Reserve Bank of Philadelphia President Patrick Harker told Reuters on Tuesday that he expected the central bank to give its investors more details on why it will not be required to underwrite a capital injection of emergency loans, and gave them some guidance in that regard.\nThe Federal Reserve Bank of Philadelphia in Philadelphia, January 1, 2017. Picture taken January 1, 2017. REUTERS/Eduardo Munoz\nYellen also said there was no intention to exempt Bank of America Corp and Morgan Stanley from a stress test because of an accounting change that eliminates company pretax profit but removes additional tail risk.\n“I would be quite surprised if there were a switch in their minds about not underwriting the reserves,” Yellen said of banks that took the loans during the 2009 financial crisis. “On the net, banks are less prone to underwriting reserves.”\nThe Fed’s financial health can have a big impact on whether it approves loans for state and local governments, local governments, retail banks and other institutions.\nThis week’s 11-point plan for lending to banks creates a tool called the stress test, which includes forcing banks to make sure all their loans meet regulatory standards, including rules on credit loss, small business finance and risky investments such as partnerships and hedge funds.\nPressed about whether banks would need to overpay for all of their loans as promised, Yellen said they will provide more details on how they will have to pay back all of the insurance premiums they received because they turned out to be liabilities rather than credits.\n“I want them to be comfortable with those requirements,” she said.\nFully assessing whether they need to make a full allowance should or not be considered a “catalyst” for the Fed to make an emergency loan or a use of capital to bail them out, Yellen said.\nShe did not specify how much the Fed will require banks to underwrite.\nBank of America Chief Executive Brian Moynihan did not ask for the Fed’s details on the state and local governments that will be underwriting the loans, he said during a speech at a University of Chicago Graduate School of Business forum.\nMoynihan earlier told U.S. senators his firm was assessing risk in overwritten bank bonds due 2022, having received a $1.1 billion loan from a European-based insurer to service a major credit risk.\nThe hearing comes as Federal Reserve Chairman Jerome Powell appears to face pressure to maintain inflation remains below Fed targets or to increase the pace of rate increases, some policymakers are signaling the Fed may consider acting on some policy.\nYellen said the Fed didn’t want regulators to become too concerned about their ability to actually come back with decisions on bond purchases in a time of easing amid tighter financial conditions.\n“They don’t want a lot of concerns,” she said of regulators.\nPressed on whether the Fed would be willing to underwrite the loans as well as reinsured some of the insurance premiums, Yellen said: “Absolutely.”\nShe added: “The administration certainly welcomes questions, but this issue is with banks and they really need to have an answer.”\n']
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1,598
http://www.reuters.com/article/us-usa-fed-kaplan-idUSKBN1972HQ
http://www.reuters.com/article/us-usa-fed-kaplan-idUSKBN1972HQ
Fed should be cautious on further rate hikes, Kaplan says
null
null
['Ann Saphir']
01-01-2021
reuters.com
null
success_wayback
gen
183,982
[0.949999988079071]
['ZURICH (Reuters) - The Federal Reserve’s policy-setting committee should not make any negative comments about interest rates until the first quarter, but they should stick to gradual increases until markets demand higher, Senior Economist Markus Kaplan said on Tuesday.\nThe views and recommendations of the Group of 20 chief economists will be unveiled in a communique with individual members of the Fed at 1 p.m. (3 p.m. ET) in Zurich, Switzerland, Jan. 31.\nThe U.S. central bank is expected to raise rates by 25 basis points in the coming months, with a majority of the total increase possible by the end of 2021, a member of the 15-member Fed meeting told Reuters.\n“Any comments about the size of the fall in the unemployment rate should be added as a reminder of the importance to the case for longer-term rates,” Kaplan said.\n“The minutes of the Federal Open Market Committee are also likely to provide an important update on the outlook for inflation.”\nKaplan, who has forecast policy-setting comments every two years, has consistently flagged possible shocks to Japan’s economy, the euro zone, the U.S. and the wider world.\nBut the Fed’s focus on emerging markets has drawn criticism from other central banks such as the Bank of Japan and the European Central Bank.\nJapan’s economy is projected to have contracted in the last quarter of 2016, with expected growth below the 2 percent target, and average annual inflation in the euro zone is seen around 1.5 percent.\nKaplan, whose views are aligned with long-held Fed thinking and based on a 40-year tenure as one of its most influential economists, said more time was needed to find a better way to extend the time frame for discussion of financial markets.\n“There are a number of possible pathways, and progress is likely to require additional time to develop feedback from the FOMC,” he said.\n“It would therefore be best for the FOMC to ignore these achievements and narrow its focus, at least for the time being, to decide to start winding down its asset purchase program in the short term.”\n“Bernanke will need some time to get the munchies out of the office,” Kaplan added.\nThe meeting kicks off next Tuesday with the meeting of the Group of 20 in Moscow.\n']
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1,599
http://www.reuters.com/article/us-usa-economy-idUSKBN197277
http://www.reuters.com/article/us-usa-economy-idUSKBN197277
U.S. housing starts hit eight-month low; building permits weak
null
null
['Lucia Mutikani']
01-01-2021
reuters.com
null
success_wayback
gen
183,983
[0.949999988079071]
['Builders are seen in new units at a condominium project in central Beijing February 17, 2016. REUTERS/Jason Lee\nWASHINGTON (Reuters) - U.S. builders slowed their work pace for a fifth straight month in January after permits to build homes fell sharply in the previous three months, according to homebuilder sentiment surveys released on Friday.\nBuilders said conditions remained challenging, with the strongest concentration of builders worried about prospects for a U.S. economy slowdown, despite having a strong backlog and pickup in local construction activity.\nThe Institute for Supply Management’s index of services activity and followed that index closely on Friday. The ISM is a key gauge of economic activity, and sector leaders have warned of lower growth in the second half of the year due to a steep fall in the housing sector and slowed global demand.\nActivity in new U.S. housing starts fell to an eight-month low of 61,000 in December, the second monthly decline in a row.\n“I think it’s a little surprising,” said Herbert Luebke, chief economist at Spencer Stuart.\n“October was nice, and it felt like November, but now November is coming and then we see February, which has been quite weak.”\nFigures due out later on Friday are expected to show builders added 121,000 new housing starts in December, a far cry from the 215,000 units added in November.\nA sign outside a building site lies vacant, as workmen put up signs on a new condominium project in central Beijing, China, in this file photo taken January 21, 2015. REUTERS/Jason Lee\nA Reuters poll released on Friday indicated little change from previous months. A separate survey by the Institute for Supply Management, which covers manufacturing firms, found the index slipped to 56 from 58 in December.\nThe manufacturing index on Thursday fell to an 18-month low, which reflected problems that led the nation’s largest employers to cut back on hiring.\nSHARES CLIMATE BOOST TO FED\nThe largest U.S. homebuilders - Wells Fargo & Co (WFC.N), Atherton Associates Inc (Atherton.N) and Toll Brothers Inc (TOL.N) - said it would increase investment at a rate of 20 percent in 2021, the highest since 2007.\nBut a solid jobs report from the Labor Department will show “nothing overly dramatic,” Luebke said.\nThose outlooks will give a boost to prices, which have been lackluster for the past year.\nMoody’s Investors Service said on Friday that overall U.S. home prices fell almost 3 percent in November after a more than 18 percent jump in October.\n“There have been signs that the housing market is rebounding, particularly in the South, and yet we are still in a part of the country that is not very strong,” said Larry Pugliese, vice president and principal analyst at Moody’s Analytics.\nMoody’s raised its forecast for U.S. mortgage rates to between 3.25 percent and 3.40 percent in the next two years.\nHousing activity rose for a second month in January, with median home sales prices rising 7.8 percent from a year earlier to a seasonally adjusted annual rate of $494,000, the Commerce Department said on Friday.\nIt was the first gain in a month.\nSector leaders from large players like Jim Cramer’s Action Alerts PLUS holding JCP ) and VMC ) said they were likely to continue laying off workers in the coming months, citing tight labor market conditions.\n']
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