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GE calls off Electrolux appliance deal amid U.S. antitrust fight

By Simon Johnson and Diane Bartz STOCKHOLM/WASHINGTON (Reuters) - General Electric on Monday walked away from a $3.3 billion agreement to sell its appliances business to Sweden's Electrolux, terminating the deal after months of opposition from U.S. antitrust regulators. "The appliances business is performing well and GE will continue to...
Dec 8, 2015 |
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JAB-led investor group to buy K-Cup maker Keurig for $13.9 billion

The transaction, pitched at a rich 78 percent premium to Keurig's Friday closing price, would be the biggest coffee acquisition by JAB, the investment vehicle of Germany's billionaire Reimann family, as it tries to become a formidable competitor to world coffee market leader Nestle SA. For Luxembourg-based JAB, the deal for the maker of...
Dec 8, 2015 |
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Low inflation to give biggest global pay boost in three years: study

The slowing world economy looks set to get a boost from stronger consumer demand next year, as low inflation boosts the real value of workers' pay rises to a three-year high, a survey said on Tuesday. A plunge in oil prices has pushed inflation sharply lower, and means real wages are predicted to rise by an average of 2.5 percent globally in...
Dec 8, 2015 |
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Verizon could explore Yahoo's Internet business, CFO says

Verizon's Shammo was speaking at the UBS annual global media and communications conference in New York on Monday. Yahoo's "board and investors have not decided what they're going to do with that asset," Shammo said. Earlier this year, Verizon bought AOL Inc in a $4.4 billion deal to push into targeted advertising and mobile...
Dec 8, 2015 |
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Asian stocks at three-week lows on oil drop; Fed eyed

By Saikat Chatterjee HONG KONG (Reuters) - Asian stocks hit three-week lows on Tuesday as a rout in oil prices knocked energy company shares lower and many investors moved to the sidelines ahead of next week's meeting where the Federal Reserve is expected to raise U.S. interest rates. With financial markets have already priced in a rate hike,...
Dec 8, 2015 |
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IMF's Lagarde calls for 'wise' taxes to foster greener fuels

International Monetary Fund chief Christine Lagarde called on Monday for tax reforms to be included in a global climate deal to raise incentives for consumers to reduce their energy consumption and to boost demand for cleaner fuels. In an opinion piece for German daily Die Welt, Lagarde said the price of greenhouse gas emissions should be at the...
Dec 7, 2015 |
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Plunging oil prices drag down Wall Street

Brent crude prices dropped to $41.38 and U.S. crude fell to $38.15 a barrel, after OPEC's meeting ended last week without a reference to its output ceiling. Oil majors Exxon and Chevron fell about 4 percent and were the biggest drags on the Dow and the S&P, while Dow Chemicals and DuPont fell more than 2 percent. The impact of the fall in...
Dec 7, 2015 |
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Electrolux's U.S. plans in tatters as GE deal falls through

By Simon Johnson and Helena Soderpalm STOCKHOLM (Reuters) - Electrolux's $3.3 billion deal to buy General Electric's (GE) appliance business fell through on Monday, torpedoing the Swedish firm's plan to bolster its U.S. business and sending its shares down as much as 15 percent. Electrolux said it would focus instead on developing...
Dec 7, 2015 |
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K-Cup maker Keurig to be taken private for $13.9 billion

The deal, pitched at a rich 78 percent premium to Keurig's Friday close, is the latest by JAB as it seeks to become a formidable competitor to world coffee market leader Nestle SA. The acquisition will make JAB the leader in the $6.1 billion North American single-serve coffee market, in which Nestle has a small presence.
Dec 7, 2015 |
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Clinton 'exit tax' to take aim at companies' inversion deals

By Amanda Becker WASHINGTON (Reuters) - U.S. Democratic presidential candidate Hillary Clinton will announce a planned crackdown on corporations that shift profits overseas, including a new "exit tax" against so-called inversion deals, her campaign said on Monday. Clinton will call for spending the revenue raised by her proposed tax to...
Dec 7, 2015 |
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Asia stocks up but wary of China data, oil pressured

Asian share markets bounced on Monday after Wall Street welcomed an upbeat U.S. jobs report that suggested the world's biggest economy was well placed to handle an expected first increase in interest rates in almost a decade. Oil prices were near their lowest since 2009 in the wake of the Organization of the Petroleum Exporting Countries'...
Dec 7, 2015 |
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OPEC decision to keep output high pulls oil prices close to 2015 lows

Crude prices fell on Monday in the first trading session after OPEC members failed to agree on output targets to reduce a bulging oil glut that has cut prices by more than 60 percent since June 2014. The Organization of the Petroleum Exporting Countries failed to agree on an oil production ceiling on Friday after a disagreement between Saudi Arabia...
Dec 7, 2015 |
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Saudi-Iran rivalry sets scene for OPEC showdown over output

By Alex Lawler, Vladimir Soldatkin and Shadia Nasralla VIENNA (Reuters) - It used to be said of OPEC that it was like a teabag – it only worked in hot water. In a move sources say was masterminded by Saudi Arabia, ministers finally agreed for the first time in decades to drop any reference to the 13-member group's output ceiling. The pivot,...
Dec 7, 2015 |
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Uneasy calm in markets about upcoming U.S. rate increase, BIS says

By Marc Jones LONDON (Reuters) - An "uneasy calm" prevails in financial markets about the first increase in U.S. interest rates in almost a decade, which is widely expected later this month, the Bank for International Settlements said in its latest report. The restrained reaction, especially from emerging markets, to the Federal...
Dec 6, 2015 |
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VW denies Qatar talks sought to curb labor role

Volkswagen has denied a report saying its chief executive and chairman were urged on Sunday by its third-largest shareholder to reduce the influence of VW's powerful unions as it battles to overcome its emissions scandal. CEO Matthias Mueller and Chairman Hans Dieter Poetsch met with leaders of the Qatar Investment Authority (QIA) in Doha on...
Dec 6, 2015 |
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China forecast to become world's biggest electric car market

China is forecast to become the world's biggest electric car market this year, with sales estimated at 220,000 to 250,000 vehicles, the official news agency Xinhua said on Sunday, quoting the China Association of Automobile Manufacturers. Worldwide electric cars sales are expected to increase to 600,000 this year, association deputy...
Dec 6, 2015 |
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Greek parliament approves austere budget for 2016

By Karolina Tagaris ATHENS (Reuters) - The Greek parliament approved a 2016 budget featuring sharp cuts in spending and some tax increases to satisfy the country's international lenders at a time of growing austerity fatigue. The leftist-led government of Prime Minister Alexis Tsipras is under pressure to deliver tangible benefits to its...
Dec 6, 2015 |
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Exclusive: ECB lowered stimulus ambitions after hitting opposition - sources

Hints by Mario Draghi ahead of last Thursday's ECB rate meeting that the euro zone may need another big injection of money backfired, stiffening the resolve of more conservative central bankers who criticized him for raising expectations too high, sources familiar with the discussions said. The European Central Bank President and his chief...
Dec 6, 2015 |
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Volatile week may set stocks for year-end rally

This week's back-to-back equities selloff might have been a chance to ride a U.S. stocks rally toward the end of the year, amid the goldilocks economy scenario of a strong jobs market and falling oil prices. The data likely paved the way for the Federal Reserve to raise interest rates this month for the first time in nearly a decade, while...
Dec 5, 2015 |
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UAW wins historic victory in U.S. South with vote at VW plant

The United Auto Workers union won its first organizing vote at a foreign-owned auto assembly plant in the U.S. South on Friday, in a groundbreaking victory after decades of failed attempts. About 71 percent of skilled trades workers who cast ballots at Volkswagen AG's factory in Chattanooga, Tennessee voted to join the UAW, according to the...
Dec 5, 2015 |
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Zacks Industry Outlook Highlights: Freeport-McMoRan, Newmont Mining, Golden Star Resources, Randgold Resources and Kinross Gold

Zacks Industry Outlook Highlights: Freeport-McMoRan, Newmont Mining, Golden Star Resources, Randgold Resources and Kinross Gold Read More

Gold Mining Stock Outlook - Sept. 2017

Gold Mining Stock Outlook - Sept. 2017 Read More

Why Freeport-McMoran (FCX) Stock Might be a Great Pick

Freeport-McMoran (FCX) is seeing solid earnings estimate revision activity, and is a great company from a Zacks Industry Rank perspective. Read More

Friend of slain Georgia Tech student: 'If Scout was more gender-conforming, would it have been different?'

Scout Schultz, a Georgia Tech student, was shot by campus police on Saturday night, and a protest two days later led to arrests. In the aftermath of those events, Yahoo Lifestyle talked to a friend... Read More

How to Make Healthy Leftover Turkey Tacos

These tacos get a healthy makeover by using turkey as the main lean protein. It all comes together with some beans, avocado, and a little cheese. Watch the video to learn how to make this easy... Read More

Little People, Big World's Audrey Roloff Just Gave Birth to Her First Child

It's a girl! Read More

Mel Brooks: ‘Blazing Saddles’ Would Never Be Made in Today’s ‘Stupidly Politically Correct’ Culture

“Blazing Saddles” may be a groundbreaking comedy, but director Mel Brooks doesn’t think Hollywood would make the iconic Western parody in this current “stupidly politically correct” climate. The... Read More

Box Office: 'Kingsman: The Golden Circle' Unseats 'It' as 'Lego Ninjago' Disappoints

Kingsman: The Golden Circle is the new ruler of the box office. The sequel from Fox is expected to earn $39 million this weekend from 4,003 locations. That’s slightly below where tracking had... Read More

Bradley Cooper-Lady Gaga’s ‘Star Is Born’ Moves to May 2018

Warner Bros.’ “A Star Is Born” remake starring Stefani Germanotta (Lady Gaga) and Bradley Cooper, who is also directing, is moving up its release to May 18, 2018. The pic was originally set to open... Read More

White House officials defend Trump, say athletes 'can do free speech on their own time'

Treasury Secretary Steve Mnuchin defended Trump’s call for NFL players who kneel during the national anthem to be suspended or fired. “It’s not about free speech,” Mnucin said Sunday. “They can do... Read More

In wake of U.N. speech, Kim calls Trump a ‘dotard.’ Trump fires back at ‘madman.’

President Trump and North Korean leader Kim Jong Un have unleashed personal attacks on one another after the U.S. commander in chief’s speech at the United Nations. “Kim Jong Un of North Korea,... Read More

As Russia probe turns to fake Facebook ads, Trump follows with a tweet

President Trump continued his efforts to belittle accusations of Russian meddling in the 2016 election on Friday, turning to the latest set of charges, involving targeted political ads placed on... Read More

Reluctant champion: How Nadia Murad has become the international face of Yazidi suffering – and resilience

Weeks earlier, Nadia Murad had been ripped from her village by Islamic State (ISIS) fighters who murdered her family and took her captive. Along with other young Yazidi women, she was transported... Read More

Readers write: The work of downsizing, evidence of climate change, hopeful coverage on famine

Regarding the Aug. 21 Monitor Daily story “Home prices, and a thought shift, give ‘small living’ a boost”: Interesting concept. My friend has done it, downsizing and living in a tiny apartment.... Read More

Time for the world to step up on Rohingya issue, Aung San Suu Kyi’s astounding hypocrisy, Irma’s destruction in Britain’s Caribbean islands, The US should stop saber rattling, On the Nadal-Federer comeback

“It is high time the world made an all-out effort to stop the ongoing pogrom against Myanmar’s minority Rohingya...,” writes Mohammad Amjad Hossain. “The pogrom resembles those crimes perpetrated... Read More