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U.S. housing, consumer confidence data bolster economic outlook

By Lucia Mutikani WASHINGTON (Reuters) – New U.S. single-family home sales rose more than expected in November and consumer sentiment hovered near a 13-year high this month, strengthening the view that the economy will gain further momentum next year. President-elect Donald Trump's plan to cut taxes and increase infrastructure spending is expected to boost economic growth, though

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U.S. housing, consumer confidence data bolster economic outlook

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Lockheed CEO tells Trump she will work to drive down cost of F-35

(Reuters) – The chief executive of Lockheed Martin Corp told President-elect Donald Trump on Friday that she was committed to driving down the cost of the company's F-35 fighter jet, a day after Trump took aim at the cost of the F-35 in a Twitter post…

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Lockheed CEO tells Trump she will work to drive down cost of F-35

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U.S. Justice Dept. orders whistleblower to testify in Wells Fargo probe

U.S. prosecutors in San Francisco have asked Wells Fargo banker Yesenia Guitron, who lost a private lawsuit against the fourth-largest lender, to testify before a grand jury in San Francisco on Tuesday, according to a subpoena dated Dec. 12, which was seen by Reuters. A Wells Fargo spokesman declined to comment.

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U.S. Justice Dept. orders whistleblower to testify in Wells Fargo probe

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Chinese firms face competition to maintain role in developing Iranian oilfields

Iran plans to ask international oil companies to bid for the second phase of development of its Yadavaran and North Azadegan oilfields, a senior official said on Saturday. “CNPC would like to extend its North Azadegan contract, but we have announced that …they should take part in the bidding for a new contract,” Gholamreza Manouchehri, deputy head of the National Iranian Oil Company (NIOC), was quoted

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Chinese firms face competition to maintain role in developing Iranian oilfields

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Platinum Partners arrests are scant consolation for alleged victims

By Lawrence Delevingne NEW YORK (Reuters) – When six executives of Platinum Partners, including founder Mark Nordlicht, were arrested on Monday on federal charges of running a more than $1 billion hedge fund fraud, people who had long alleged they were harmed by the New York-based firm …

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Platinum Partners arrests are scant consolation for alleged victims

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Nokia-Samsung patent verdict expected within days

Nokia and Samsung are expected to settle their two-year patent dispute within days, with analysts forecasting a one-time payment of hundreds of millions of euros for the Finnish company. Nokia entered into a binding arbitration with South Korea's Samsung in 2013 to settle additional compensations for a five-year period starting from early 2014. The International Chamber of Commerce's arbitration court is due to make its ruling on the issue imminently.

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Nokia-Samsung patent verdict expected within days

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Berkshire resumes buying Phillips 66 stock

(Reuters) – Berkshire Hathaway Inc , the conglomerate run by Warren Buffett, has resumed its purchases of Phillips 66 stock, and spent roughly $832 million in January to boost its stake even as the oil refiner's profit margins narrowed. According to a regulatory filing on Friday night, Berkshire

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Berkshire resumes buying Phillips 66 stock