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SoftBank’s Son pledges $50 billion, Foxconn eyes U.S. expansion as Trump woos Asian firms

Two of Asia's biggest technology companies said they were looking to expand investment in the United States, as President-elect Donald Trump pushes to bring manufacturing and jobs back home. Billionaire businessman Masayoshi Son, also the head of Japan's SoftBank Group Corp , pledged a $50 billion investment in the

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SoftBank’s Son pledges $50 billion, Foxconn eyes U.S. expansion as Trump woos Asian firms

OPEC, U.S. begin ‘cat and mouse’ oil game as producers pounce on hedges

LONDON/NEW YORK (Reuters) – As far as one of the world’s biggest commodities traders, Glencore’s chief Ivan Glasenberg, is concerned, the oil market will be at the mercy of “a cat and mouse game” between OPEC and its U.S. shale rivals in the coming year. A 16 percent price rally over the past week has delivered U.S. frackers a golden opportunity to hedge – or sell forward – their production for 2017 and beyond, to shore up their coffers against …

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OPEC, U.S. begin ‘cat and mouse’ oil game as producers pounce on hedges

U.S. mortgage rates rise to highest levels in over two years: MBA

NEW YORK (Reuters) – Interest rates on U.S. fixed-rate mortgages rose to their highest levels in more than two years, sending weekly home loan application activity to its weakest since early January, Mortgage Bankers Association data released on Wednesday showed.

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U.S. mortgage rates rise to highest levels in over two years: MBA

Trump defends Boeing tweet, says companies shouldn’t worry

WASHINGTON (Reuters) – U.S. President-elect Donald Trump on Wednesday defended his direct interventions with companies, including making statements on Twitter, saying businesses will benefit from his actions and his upcoming term in office.

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Trump defends Boeing tweet, says companies shouldn’t worry

Exclusive: In mammoth task, BP sends almost three million barrels of U.S. oil to Asia

Oil major BP is shipping almost three million barrels of U.S. crude to customers across Asia, pioneering a lengthy and complex operation likely to become more popular after OPEC last week announced deep production cuts. BP's efforts, involving one of the world's longest sea routes, seven tankers and a series of ship-to-ship transfers, underscore a desire among oil traders to develop new routes to sell swelling supplies of cheap…

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Exclusive: In mammoth task, BP sends almost three million barrels of U.S. oil to Asia

U.S. services sector activity scales one-year high

U.S. services sector activity hit a one-year high in November, with a surge in production boosting hiring, further evidence of strength in the economy that clears the way for the Federal Reserve to raise interest rates next week. Monday's bullish report from the Institute for Supply Management (ISM)…

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U.S. services sector activity scales one-year high

United Airlines mechanics ratify new contract

By Alana Wise NEW YORK (Reuters) – Union mechanics at United Continental Holdings Inc on Monday ratified a six-year joint collective bargaining agreement with the airline, marking the end to several years of contract talks between the two parties. The…

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United Airlines mechanics ratify new contract

Delaware Court revives case over Pincus’s Zynga stock sale

By Tom Hals WILMINGTON, Del. (Reuters) – The Delaware Supreme Court revived a lawsuit against Zynga Inc's controlling shareholder, Mark Pincus, and fellow board members for allegedly allowing leaders of the social gaming company to act on inside information and dump stock before it crashed in 2012. Delaware's high court ruled that the Court of Chancery erred when it dismissed the lawsuit against the board of Zynga, which …

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Delaware Court revives case over Pincus’s Zynga stock sale

UTC CEO says no ‘quid pro quo’ on keeping Indiana plant open

By David Shepardson WASHINGTON (Reuters) – United Technologies Corp , parent company of Carrier Corp, got a “good deal” with President-elect Donald Trump that allowed it to shift most jobs at two Indiana plants to Mexico, its chief executive said on Monday in an interview with CNBC. Greg Hayes, chief executive of UTC, said Trump did not make threats in negotiations over the plant's future or raise the company's U.S. military contracts. Carrier, which in February had announced plans to close two Indiana plants and send…

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UTC CEO says no ‘quid pro quo’ on keeping Indiana plant open

Oil retreats on doubts OPEC cuts can ease glut

U.S. crude futures strengthened Monday before retreating in post-settlement trade as the market lost confidence OPEC cuts would be sufficient to reduce oversupply given increased U.S. drilling. U.S. West Texas Intermediate crude rose early

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Oil retreats on doubts OPEC cuts can ease glut

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