News
  • Wall St. flat as consumer stocks, weak earnings weigh
    Thu, 20 Jul 2017 11:26:56 -0400

    (Reuters) - U.S. stocks traded little changed in late morning session on Thursday, struggling to hold on to the record highs on the S&P and the Nasdaq, weighed by a drop in consumer discretionary stocks and disappointing earnings by some big names.

  • U.S. fines Exxon Mobil over Russia sanctions violations
    Thu, 20 Jul 2017 11:12:07 -0400

    WASHINGTON (Reuters) - The U.S. Treasury Department on Thursday said it was fining global oil company Exxon Mobil Corp $2 million for violating sanctions on Russia in May 2014.

  • Bill Gross warns of recession risk if highly levered economies hike rates
    Thu, 20 Jul 2017 07:57:14 -0400

    NEW YORK (Reuters) - Highly levered domestic and global economies including the United States, which have "feasted" on easy monetary policies in recent years, cannot withstand a normalizing of short-term interest rates without running the risk of a recession, influential bond investor Bill Gross of Janus Henderson Investors warned on Thursday.

  • Murdoch made to wait few more weeks for Britain's Fox-Sky decision
    Thu, 20 Jul 2017 08:18:29 -0400

    LONDON (Reuters) - Rupert Murdoch will have to wait a few more weeks to know whether Twenty-First Century Fox's bid for Sky will be referred for a lengthy British investigation.

  • UAW head believes U.S. Nissan workers would vote for union now
    Thu, 20 Jul 2017 11:52:20 -0400

    DETROIT (Reuters) - United Auto Workers president Dennis Williams said on Thursday he feels "very strongly" that if Nissan Motor Co Ltd workers at the automaker's plant in Canton, Mississippi voted now, they would vote in favor of union representation.

  • Banks hope to keep staff in London if soft Brexit deal struck
    Thu, 20 Jul 2017 10:40:02 -0400

    LONDON (Reuters) - Banks which are shifting operations to avoid disruption once Britain leaves the European Union hope only a handful of people will eventually have to leave London, industry sources say.

  • Exclusive: U.S. Cardinal Health puts $1.5 billion China business on block - sources
    Thu, 20 Jul 2017 06:01:32 -0400

    HONG KONG (Reuters) - U.S. drug distributor Cardinal Health has put its China business up for sale, drawing keen interest from state-backed Chinese pharmaceutical firms in a deal that may be worth up to $1.5 billion, sources familiar with the matter said.

  • Bombardier wins dismissal of Comerica aircraft payments lawsuit
    Thu, 20 Jul 2017 12:03:02 -0400

    NEW YORK (Reuters) - Bombardier Inc has won the dismissal of a U.S. lawsuit in which Comerica Inc sought millions of dollars after the Canadian aircraft maker was unable to find buyers for four planes whose leases had expired.

  • Sears to sell Kenmore appliances on Amazon; shares jump
    Thu, 20 Jul 2017 09:54:27 -0400

    (Reuters) - Sears Holdings Corp's shares soared 20 percent after the struggling retailer said it would sell its Kenmore home appliances on Amazon.com and integrate the brand's smart gadgets with the online giant's Alexa digital assistant.

  • Europe's cashed-up companies get comfy with capex
    Thu, 20 Jul 2017 10:25:27 -0400

    LONDON (Reuters) - Sitting on $1 trillion in cash and emerging from years of caution, European companies are now showing the strongest year-on-year growth in capital spending plans in the world.

  • One in eight people who voted for Trump having second thoughts - Reuters/Ipsos poll
    Thu, 20 Jul 2017 08:27:59 -0400

    NEW YORK (Reuters) - About one in eight people who voted for President Donald Trump said they are not sure they would do so again after witnessing Trump's tumultuous first six months in office, according to a Reuters/Ipsos poll of 2016 voters.

  • Republicans meet late into night as Trump demands new healthcare plan
    Thu, 20 Jul 2017 12:16:41 -0400

    WASHINGTON (Reuters) - Republicans struggling to agree on healthcare legislation to overhaul Obamacare obeyed U.S. President Donald Trump's orders to try to swiftly reach a deal but were unable to resolve their differences in a long, late-night meeting.

  • Supporters to Senator McCain: fight on
    Thu, 20 Jul 2017 09:25:03 -0400

    WASHINGTON (Reuters) - News that U.S. Senator John McCain has brain cancer triggered a wave of support on Thursday from across the political spectrum for the often outspoken former Republican presidential candidate who survived five years captivity as a U.S. Navy pilot during the Vietnam War.

  • Goldman's rotten trading quarter is a familiar smell on Wall Street
    Thu, 20 Jul 2017 04:26:29 -0400

    (Reuters) - Big Wall Street banks have spent billions of dollars and untold man-hours in recent years transforming their trading desks from hedge-fund like operations trading on their own account into market-making businesses offering a price based on what customers want to buy or sell.

  • White House deregulation push clears out hundreds of proposed rules
    Thu, 20 Jul 2017 12:14:17 -0400

    WASHINGTON (Reuters) - The White House said Thursday it had withdrawn or removed from active consideration more than 800 proposed regulations that were never finalized during the Obama administration as it works to shrink the federal government's regulatory footprint.

  • Attorney General Sessions brushes off Trump criticism
    Thu, 20 Jul 2017 12:13:24 -0400

    WASHINGTON (Reuters) - U.S. Attorney General Jeff Sessions on Thursday brushed off sharp criticism from President Donald Trump over his recusal from the Justice Department's Russia investigation, saying he loved his job and planned to continue serving.

  • House panel approves budget measure that advances tax reform
    Wed, 19 Jul 2017 22:49:37 -0400

    WASHINGTON (Reuters) - The Republican-led U.S. House of Representatives took a new step toward tax reform legislation on Wednesday by approving a fiscal 2018 budget resolution that would allow the Senate to pass a sweeping tax code overhaul without Democratic support.

  • Chipotle Virginia customer tested positive for Norovirus: official
    Thu, 20 Jul 2017 12:13:47 -0400

    BOSTON (Reuters) - Testing has confirmed Norovirus in a customer who ate at the Virginia Chipotle Mexican Grill Inc restaurant that was briefly closed earlier this week following multiple reports of diners falling ill, a county health department official said on Thursday.

  • Parents of kidnapped U.S. journalist Tice renew plea for release
    Thu, 20 Jul 2017 07:28:59 -0400

    BEIRUT (Reuters) - The parents of a U.S. journalist kidnapped in Syria nearly five years ago issued a new plea for his release on Thursday.

  • After Mosul, Islamic State digs in for guerrilla warfare
    Thu, 20 Jul 2017 07:52:35 -0400

    MOSUL (Reuters) - Islamic State militants began reinventing themselves months before U.S.-backed Iraqi forces ended their three-year reign of terror in Mosul, putting aside the dream of a modern-day caliphate and preparing the ground for a different fight.

  • How Quants Calm the Stock Market
    Thu, 20 Jul 2017 05:36:54 EDT

    One factor helping to keep the VIX and realized volatility extremely low is quant funds that are discovering surprises before they can create big stock-market moves.

  • The Saga Isn't Over for Dalian Wanda
    Thu, 20 Jul 2017 08:43:22 EDT

    Dalian Wanda Group may hope a last-minute tweak to a deal to sell nearly $10 billion of hotel and amusement park assets can solve some its near-term problems. Yet Beijing may still not be applauding.

  • Qualcomm: All in the Chips
    Wed, 19 Jul 2017 18:57:07 EDT

    Surprisingly strong chip sales at Qualcomm has been overshadowed by growing dispute with Apple and uncertainty about the ultimate fate of its NXP acquisition.

  • Morgan Stanley Is the Winner This Earnings Season
    Wed, 19 Jul 2017 11:52:21 EDT

    Morgan Stanley is on a roll. The investment bank’s trading business put competitors in the shade in the second quarter even as its stodgy wealth management division has become a source of growth.

  • The Last Market Still Betting on Trump
    Wed, 19 Jul 2017 06:28:51 EDT

    Bonds, the dollar and some stock sectors have given up, but the overall stock market is still hoping for tax cuts and stimulus spending.

  • Vertex Shares Haven't Hit Their Apex
    Wed, 19 Jul 2017 16:12:06 EDT

    The ferocious rally in Vertex Pharmaceuticals shares on results in early stage data for its new cystic fibrosis treatment will surely tempt some investors to exit. That may not be wise, though, as the rally is likely to continue.

  • One Hundred Days Later, China-U.S. Trade Thorny as Ever
    Wed, 19 Jul 2017 14:27:35 EDT

    President Donald Trump’s 100-day action plan to cut the trade deficit with China has ended with limited progress. More steel and aluminum import tariffs won’t do the trick.

  • Gaining a Better View of What Lurks in Banks
    Wed, 19 Jul 2017 10:21:58 EDT

    The last crisis left investors guessing about loan losses, an accounting change will fix that - at a cost.

  • Big Food's Next Big Problem: Supermarket Brands
    Wed, 19 Jul 2017 08:10:30 EDT

    Americans have been late to the game in adopting private-label supermarket products. That’s changing, leaving huge room for traditional brands to suffer.

  • Why a Weaker Dollar Is a Source of Market Strength
    Tue, 18 Jul 2017 14:16:21 EDT

    The role reversal between the dollar and euro this year is striking and significant.

  • Jaguar-Maker Tata Motors Fights Fires at Home
    Wed, 19 Jul 2017 05:18:05 EDT

    Tata Motors’ seeming success outside India with Jaguar Land Rover masks the pain at home.

  • Why Microsoft's Heads Count
    Tue, 18 Jul 2017 13:57:54 EDT

    For Microsoft, the trick these days is growing the cloud—without getting itself too puffed up.

  • Goldman Needs a Plan to Turn Around Trading
    Wed, 19 Jul 2017 07:42:55 EDT

    Goldman Sachs is starting to lose its Wall Street halo, and it isn’t clear what the bank intends to do about it.

  • What's Next for Investors After the Failure of the Health-Care Bill
    Tue, 18 Jul 2017 23:29:28 EDT

    Investors were right to ignore the Republican effort to repeal the Affordable Care Act. Now that the bill has failed, what comes next could be more unpredictable and disruptive to the industry.

  • China's Visible Hand Starts to Squeeze
    Tue, 18 Jul 2017 12:39:27 EDT

    Offshore gambling hub Macau looks likely to be another target of China’s efforts to contain leverage and capital outflows.

  • Gameday for Disney to Boost ESPN Growth
    Mon, 17 Jul 2017 10:56:50 EDT

    Disney’s upcoming round of contract negotiations with pay-TV companies could help improve the outlook for ESPN and revive the media company’s stock.

  • The Vanishing Reward for Buying High-Yield Bonds
    Mon, 17 Jul 2017 06:41:15 EDT

    A closer look at high-yield bonds shows the reward on offer isn’t quite what it seems.

  • Who Gets Hit Next in China's Financial Crackdown?
    Mon, 17 Jul 2017 22:56:38 EDT

    At hand is an ever-growing asset management industry and the deepening nexus of banks, brokers, trusts and insurance companies.

  • China's Growth Is Still on Borrowed Time
    Mon, 17 Jul 2017 08:12:14 EDT

    The Chinese economy is performing better than expected—that gives regulators more time to crack down on leverage. Donald Trump or the Fed could upset the party, however.

  • How New Rules Could Pinch Health Stocks
    Mon, 17 Jul 2017 13:59:45 EDT

    The latest Senate bid to overhaul the Affordable Care Act contains a benefit to health insurers. That boon may come at the expense of providers.

  • Why Earnings Don't Matter at Netflix
    Mon, 17 Jul 2017 01:32:08 EDT

    Netflix investors can’t seem to quit their favorite metric for measuring success: net subscriber additions. That could help Netflix stock when it reports second-quarter earnings but may not serve investors in the long run.

  • Buffett Could Be Costly Option for Sprint and SoftBank
    Mon, 17 Jul 2017 06:12:52 EDT

    Softbank’s Masayoshi Son met with Warren Buffett to talk about an investment in Sprint—but that’s not likely to come cheap.

  • Apple Tests the Faithful
    Sat, 15 Jul 2017 08:03:04 EDT

    Rumors that Apple’s new iPhone will arrive late—and at a much higher price—complicates Wall Street’s hopes for a “supercycle.” Apple’s faithful will likely go along, but will the mass market?

  • The Other 496 S&P Stocks
    Sun, 16 Jul 2017 21:55:33 EDT

    So much of the market’s gain this year have been powered by Alphabet, Amazon, Apple and Facebook that strategies that don’t contain those stocks have been left behind.

  • More Bad News for Retailers
    Fri, 14 Jul 2017 16:22:02 EDT

    Retail sales were weak last month. The Commerce Department on Friday reported that overall sales in June fell 0.2% on the month after slipping 0.1% in May. Compared with a year earlier, they were up just 2.8%.

  • How to Prepare When Central Banks All Row in the Same Direction
    Fri, 14 Jul 2017 13:52:08 EDT

    The risk to markets is that investors get too comfortable with the idea that by moving gradually central banks won’t create much disturbance.

  • Intel: Lonely At The Top
    Thu, 13 Jul 2017 10:07:01 EDT

    Intel’s dominance in key chip makers has created a unique vulnerability. As challengers emerge in PCs and servers, Intel seems to have nowhere to go but down.

  • You Can't Build a Low-Cost Airline Without Low Costs
    Thu, 13 Jul 2017 22:15:40 EDT

    Norwegian Air wants to upend the market for travel between the U.S. and Europe. But rapid expansion has come at a cost.

  • A One-Two Combination for Stocks
    Thu, 13 Jul 2017 05:30:03 EDT

    A great time to buy stocks is when interest rates are falling and profit growth is accelerating. As earnings season kicks off, rates and earnings are doing the opposite, and that tends to be a bad time to own shares.

  • U.S.-China Trade Tensions Are About to Get Ugly Again
    Thu, 13 Jul 2017 11:31:11 EDT

    A recipe for renewed trade tensions: Donald Trump facing difficulties at home, China failing to rein in North Korea and a sharply rising trade deficit.

  • London's Latest Ploy to Attract World's Biggest IPO
    Thu, 13 Jul 2017 11:06:25 EDT

    U.K. authorities are proposing a special stock market listing category that appears tailor-made for super giant state-owned Saudi Aramco.

  • Yellen's Wish May Not Come True
    Wed, 12 Jul 2017 13:27:58 EDT

    The Federal Reserve expects to raise rates gradually. If the unemployment rate keeps falling, that plan might not hold up.

  • Drug Prices Under Fire, in the States
    Wed, 12 Jul 2017 13:27:29 EDT

    Investors in drug companies should give some attention to state capitals, where a wave of bills designed to limit drug price increases are under consideration.

  • How an Old Flop Could Boost Big Tobacco
    Wed, 12 Jul 2017 06:54:07 EDT

    So-called heat-not-burn cigarettes have finally come of age. But it may pay to bet on the challenger, not the leader.

  • The Demise of the American Driver Has Been Exaggerated
    Wed, 12 Jul 2017 08:07:34 EDT

    U.S. drivers largely stayed off the road in early 2017, worrying economists and energy investors. Those anxieties were probably overdone.

  • Amazon's License to Spend
    Tue, 11 Jul 2017 13:20:07 EDT

    Amazon.com’s popular Prime Day is best understood as a big investment by the company to showcase its retail prowess. And when it comes to big spending by Amazon, Wall Street is primed for even more.

  • Why Is Everyone Making a Stink About Clearing?
    Tue, 11 Jul 2017 15:54:43 EDT

    A big fight is brewing over a key piece of pipework after Brexit: here’s what’s at stake.

  • Corporate Bond Markets Asleep at the Wheel
    Tue, 11 Jul 2017 09:31:15 EDT

    Even as government bonds have been roiled by central banks, corporate debt markets have been surprisingly calm.

  • How to Beat the Dumb Money With Bank Stocks
    Tue, 11 Jul 2017 06:41:51 EDT

    U.S. banks are upping their dividends with gusto, but the average dividend fund is missing the party. These funds will eventually catch on to the payouts.

  • China Is a Wild Card for Chip Stocks
    Thu, 13 Jul 2017 10:11:22 EDT

    China’s ambitious plan to build its own chips may not unseat the champions, but could weed out the laggards.

  • Dalian Wanda Rides China's Financial Merry-Go-Round with Latest Deal
    Tue, 11 Jul 2017 05:31:37 EDT

    Dalian Wanda is helping to finance the sale of $9.3 billion of its assets, by lending money to Sunac China, the purchaser.

  • Chip Makers Feast on Phones Despite Slowing Sales
    Thu, 13 Jul 2017 10:07:29 EDT

    Smartphones aren’t the growth market they once were, so the best play for investors is to find companies not limited to selling one chip per phone.

  • Abercrombie Loses Its Last Best Hope
    Mon, 10 Jul 2017 13:14:46 EDT

    After two months of trying to sell itself, Abercrombie & Fitch is going it alone. A deal may have been its last chance for recovery.

  • How Fixing Italy's Banks Is Helping Europe Heal
    Mon, 10 Jul 2017 18:21:32 EDT

    Italy’s banks, long a source of worries about European instability, might finally be aiding the continent’s recovery.

  • What's to Like as Shipping Consolidation Sets Sail
    Mon, 10 Jul 2017 08:50:37 EDT

    China’s largest shipping company Cosco Shipping agreed to buy smaller rival Orient Overseas for $6.3 billion, suggesting a wave of consolidation is about to hit the shipping industry. For investors, they would be wise to ride it.

  • Here Comes Another Chinese Company on a Buying Binge
    Mon, 10 Jul 2017 07:45:59 EDT

    China wants its biggest, most acquisitive, highly leveraged companies to tone it down -- apparently by selling assets to other big, acquisitive highly leveraged companies.

  • China Is Driving Steel Prices Higher This Time
    Tue, 11 Jul 2017 00:08:25 EDT

    At the recent G-20 gathering, world leaders railed against unfair trade in steel. But in China, there are signs that the drive against overcapacity is working better than in the past.

  • Why the Chip Rally Is Different This Time
    Thu, 13 Jul 2017 10:09:14 EDT

    Times are very good in the chip business. In this boom and bust industry, that leads to the obvious question: are they too good?

  • Electric Cars Need More Than Fans
    Fri, 07 Jul 2017 07:14:29 EDT

    Electric vehicles threaten oil’s future as they are being favored by governments and even traditional manufacturers like Volvo, but they must keep improving to overcome the advantage of conventional cars.

  • Stick With European Stocks Even as Bonds Wobble
    Fri, 07 Jul 2017 12:13:15 EDT

    After a strong start to the year, European stocks have come off the boil. In particular, the bond-market turmoil of the past two weeks has jolted the market. But a decent growth outlook means investors shouldn’t be too nervous about Europe.

  • Markets Not Ready for Jump in Jobs
    Fri, 07 Jul 2017 12:51:01 EDT

    The June employment report was good news for American workers. For investors, the message is mixed.

  • Tesla's Skid Is Coming at the Worst Time
    Fri, 07 Jul 2017 15:04:24 EDT

    The recent slide in Tesla’s share price and looming cash needs for the Model 3 sedan present a challenge for Elon Musk.

  • The World's Most Profitable Tech Company? Not Apple
    Fri, 07 Jul 2017 06:59:53 EDT

    The South Korean tech giant has surpassed Apple in profitability, but needs its U.S. peer’s fortunes to stay healthy.

  • Elliott Doubles Down on Akzo Nobel---And Noisy Activism
    Fri, 07 Jul 2017 10:57:29 EDT

    Hedge fund giant Elliott upped its stake in paint giant Akzo Nobel to more than $2 billion, while aggressively going after the company’s chairman. Patience might be a better path.

  • Trump Is Right: China Could Press North Korea More on Trade
    Thu, 06 Jul 2017 15:42:36 EDT

    In addition to banning coal imports from North Korea, China could tighten the trade screws on its neighbor a lot more if it wanted to.

  • This Dish Could Be Costly, Even for Amazon
    Thu, 06 Jul 2017 14:28:21 EDT

    Dish Network has a lot to gain from an alliance with Amazon.com as it faces a government deadline to develop its wireless airwaves. For Amazon, the benefits are less clear and could be costly.

  • Who Dictates Global Bond Yields? Europe for Now
    Thu, 06 Jul 2017 19:14:09 EDT

    Bond investors, look to Europe. The delicate dance of expectations between the European Central Bank and government-bond markets is the biggest driver of yields right now.

  • CEO-Worker Pay Ratio Generates Outrage---and Some Insight
    Thu, 06 Jul 2017 10:54:39 EDT

    A controversial new metric on executive pay is on Congress’s chopping block. Shareholders should want it to survive, even if it only provides a sliver of insight into the companies they own.

  • Fed's Words Seem to Spell Worry
    Wed, 05 Jul 2017 17:39:37 EDT

    Is the drop in inflation starting to rattle Federal Reserve policy makers? Their words suggest as much.

  • How to Solve Problems of Misaligned Executive Pay
    Thu, 06 Jul 2017 03:52:20 EDT

    Excessive, opaque pay packages for company bigwigs are a perennial problem for shareholders. A few U.K. companies are embracing a new approach: Scrap targets and make bosses long-term shareholders. U.S. boards should take note.

  • Reality Bites for Tesla Shares
    Thu, 06 Jul 2017 07:28:42 EDT

    Investors started to lose patience with Tesla this week after another unkept promise: the jolt from Volvo that all its cars would be electric or hybrid by 2019.

  • Payments Business Gets a $10 Billion Jolt
    Wed, 05 Jul 2017 15:27:16 EDT

    Proposed major cross-border deal between U.S. and U.K. payments leaders propels industry into spotlight.

  • Trump Meeting Putin Won't Make Russian Investments Great Again
    Wed, 05 Jul 2017 11:02:38 EDT

    As Donald Trump and Vladimir Putin get set for their first face-to-face meeting, investors are left to ponder how little things change in Russia

  • Activists May Spoil Clariant and Huntsman's Chemical Romance
    Wed, 05 Jul 2017 11:16:22 EDT

    Two New York investors have teamed up to overturn the “merger of equals” planned between chemical companies Huntsman and Clariant.

  • Dollar Doom and Gloom Looks Overdone
    Wed, 05 Jul 2017 09:49:36 EDT

    Emerging-market currencies have benefited from positive economic surprises this year. Their luck may not have much room left to run.

  • Volvo and China Charge Up Electric-Car Drive
    Wed, 05 Jul 2017 20:39:22 EDT

    Recent policy moves suggest Beijing is looking for quality, as well as quantity, when it comes to green cars.

  • Why J.P. Morgan May Be Getting Its Deal Making Game On
    Tue, 04 Jul 2017 09:32:05 EDT

    A possible J.P. Morgan bid for U.K. firm Worldpay comes as the payments sector has been a hive of activity in recent years and is seen as ripe for consolidation.

  • Behind Oil's Ups and Downs, Little Has Changed
    Tue, 04 Jul 2017 21:11:09 EDT

    Oil investors took an unwelcome rollercoaster ride in June—unfortunately optimism on slowing U.S. supply, which is now pushing prices back up, also looks overdone

  • One in eight people who voted for Trump having second thoughts - Reuters/Ipsos poll
    Thu, 20 Jul 2017 08:27:59 -0400

    NEW YORK (Reuters) - About one in eight people who voted for President Donald Trump said they are not sure they would do so again after witnessing Trump's tumultuous first six months in office, according to a Reuters/Ipsos poll of 2016 voters.

  • Republicans meet late into night as Trump demands new healthcare plan
    Thu, 20 Jul 2017 12:16:41 -0400

    WASHINGTON (Reuters) - Republicans struggling to agree on healthcare legislation to overhaul Obamacare obeyed U.S. President Donald Trump's orders to try to swiftly reach a deal but were unable to resolve their differences in a long, late-night meeting.

  • Supporters to Senator McCain: fight on
    Thu, 20 Jul 2017 09:25:03 -0400

    WASHINGTON (Reuters) - News that U.S. Senator John McCain has brain cancer triggered a wave of support on Thursday from across the political spectrum for the often outspoken former Republican presidential candidate who survived five years captivity as a U.S. Navy pilot during the Vietnam War.

  • Goldman's rotten trading quarter is a familiar smell on Wall Street
    Thu, 20 Jul 2017 04:26:29 -0400

    (Reuters) - Big Wall Street banks have spent billions of dollars and untold man-hours in recent years transforming their trading desks from hedge-fund like operations trading on their own account into market-making businesses offering a price based on what customers want to buy or sell.

  • White House deregulation push clears out hundreds of proposed rules
    Thu, 20 Jul 2017 12:14:17 -0400

    WASHINGTON (Reuters) - The White House said Thursday it had withdrawn or removed from active consideration more than 800 proposed regulations that were never finalized during the Obama administration as it works to shrink the federal government's regulatory footprint.

  • Attorney General Sessions brushes off Trump criticism
    Thu, 20 Jul 2017 12:13:24 -0400

    WASHINGTON (Reuters) - U.S. Attorney General Jeff Sessions on Thursday brushed off sharp criticism from President Donald Trump over his recusal from the Justice Department's Russia investigation, saying he loved his job and planned to continue serving.

  • House panel approves budget measure that advances tax reform
    Wed, 19 Jul 2017 22:49:37 -0400

    WASHINGTON (Reuters) - The Republican-led U.S. House of Representatives took a new step toward tax reform legislation on Wednesday by approving a fiscal 2018 budget resolution that would allow the Senate to pass a sweeping tax code overhaul without Democratic support.

  • Chipotle Virginia customer tested positive for Norovirus: official
    Thu, 20 Jul 2017 12:13:47 -0400

    BOSTON (Reuters) - Testing has confirmed Norovirus in a customer who ate at the Virginia Chipotle Mexican Grill Inc restaurant that was briefly closed earlier this week following multiple reports of diners falling ill, a county health department official said on Thursday.

  • Parents of kidnapped U.S. journalist Tice renew plea for release
    Thu, 20 Jul 2017 07:28:59 -0400

    BEIRUT (Reuters) - The parents of a U.S. journalist kidnapped in Syria nearly five years ago issued a new plea for his release on Thursday.

  • After Mosul, Islamic State digs in for guerrilla warfare
    Thu, 20 Jul 2017 07:52:35 -0400

    MOSUL (Reuters) - Islamic State militants began reinventing themselves months before U.S.-backed Iraqi forces ended their three-year reign of terror in Mosul, putting aside the dream of a modern-day caliphate and preparing the ground for a different fight.