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SEC approves ‘Hubble Telescope’ for securities markets

The U.S. Securities and Exchange Commission voted on Tuesday to approve a massive stock and options trading database, prompted by the 2010 “flash crash,” aimed at helping regulators police the increasingly fast, fragmented and complex markets. The creation of a Consolidated Audit Trail establishes a regulatory central database for every trade order, execution, modification and cancellation, as mandated by the SEC in July 2012.

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SEC approves ‘Hubble Telescope’ for securities markets

Exclusive: EU regulators expected to clear $25 billion Abbott, St Jude deal: source

(Reuters) – EU antitrust regulators are expected to give conditional clearance to U.S. medical device maker Abbott Laboratories’ bid for peer St Jude Medical Inc , a person familiar with the matter said on Tuesday.

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Exclusive: EU regulators expected to clear $25 billion Abbott, St Jude deal: source

Elon Musk-backed AI startup and Microsoft sign cloud agreement

(Reuters) – OpenAI, the non-profit artificial intelligence (AI) research firm backed by Tesla Motors Inc’s Elon Musk and other prominent tech executives, has signed an agreement to run most of its large-scale experiments on Microsoft Corp’s flagship cloud service, Azure. OpenAI will use Azure for its experiments in deep learning and AI, and Microsoft will collaborate with the company …

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Elon Musk-backed AI startup and Microsoft sign cloud agreement

Exxon in negotiations with Chad over record $74 billion fine: Bloomberg

Exxon has appealed the Oct. 5 court ruling, but the appeals court hearing has been delayed because of the talks, Bloomberg reported, citing a lawyer for Exxon. The court decision fined a consortium led by Exxon over 44 trillion CFA francs

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Exxon in negotiations with Chad over record $74 billion fine: Bloomberg

Strong U.S. retail sales reinforce December interest rate hike

By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales rose more than expected in October as households bought motor vehicles and a range of other goods, pointing to sustained economic strength that could allow the Federal Reserve to raise interest rates next month. The Commerce Department said …

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Strong U.S. retail sales reinforce December interest rate hike

Obama officials work against time to wrap banking rules

U.S. officials are striving to put finishing touches on a slew of banking rules before President Barack Obama leaves office and hands regulatory power to Donald Trump who has vowed to rewrite the existing financial rule book. President-elect Trump will take over on Jan. 20 and his fellow Republicans will have control of Congress and government agencies, allowing the new administration to block or roll back many of the last-minute changes. Some rules are meant to flesh out the Dodd Frank Act of 2010 designed to …

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Obama officials work against time to wrap banking rules

Siemens to buy Mentor Graphics in $4.5 billion deal

Siemens agreed to buy U.S.-based Mentor Graphics in a $4.5 billion cash deal that will further enhance the German engineering group's industrial software capabilities. Siemens said on Monday it …

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Siemens to buy Mentor Graphics in $4.5 billion deal

Samsung to buy car tech firm Harman for $8 billion, South Korea’s biggest overseas deal

By Hyunjoo Jin and Miyoung Kim SEOUL (Reuters) – Samsung Electronics announced an $8 billion deal on Monday to buy Harman International Industries, marking a major push into the auto electronics market and the biggest overseas acquisition ever by a South Korean firm. The electronics giant previously shunned big acquisitions, and the latest deal underscores a strategic shift as the company tries to break into the high-barrier automotive industry where it has little…

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Samsung to buy car tech firm Harman for $8 billion, South Korea’s biggest overseas deal

Dollar soars as U.S. yields spike; global shares divided

By Marc Jones LONDON (Reuters) – The U.S. dollar hit an 11-month peak on Monday as the risk of faster domestic inflation and wider budget deficits if Donald Trump goes on a U.S. spending binge sent Treasury and other benchmark global bond yields ever higher. The pan-European STOXX 600 index rose 1.1 percent, underpinned by gains among banks on hopes higher interest rates will help their profits and mining companies, which have been cheering Trump's…

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Dollar soars as U.S. yields spike; global shares divided

Election over, U.S. Congress pivots to lame-duck debate over spending

With a bitter election campaign finally over, the U.S. Congress will reconvene this week to try to set aside its partisan differences long enough to keep the government from closing. As President-elect Donald Trump shapes his administration, Republicans are expected to move away from initial plans for compromise funding legislation and opt instead for a short-term measure to keep the…

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Election over, U.S. Congress pivots to lame-duck debate over spending

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