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U.S. consumer spending slows; business investment perking up

U.S. consumer spending increased modestly in November as household income failed to rise for the first time in nine months, suggesting the economy slowed in the fourth quarter after growing briskly in the prior period. The slowdown in growth is likely to be temporary given the strong economic foundation that could be bolstered by President-elect

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U.S. consumer spending slows; business investment perking up

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Goldman names former DuPont CEO Kullman to board of directors

(Reuters) – Goldman Sachs Group Inc named former chair and chief executive officer of E.I. du Pont de Nemours and Co Ellen Kullman to its board of directors, according to a filing

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Goldman names former DuPont CEO Kullman to board of directors

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France’s Amundi to buy Pioneer from UniCredit for $3.75 billion

French fund management company Amundi is to buy asset manager Pioneer from Italian bank UniCredit for 3.55 billion euros ($3.75 billion), and will finance the deal with a debt and equity issue. The deal is one of various disposals being pursued…

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France’s Amundi to buy Pioneer from UniCredit for $3.75 billion

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Exclusive: Lonza in talks to buy Capsugel for more than $5 billion – sources

Swiss pharmaceutical manufacturer Lonza Group AG is in advanced talks to acquire Capsugel, a U.S. maker of capsule products and other drug delivery systems, for more than $5 billion, according to people familiar with the matter. The deal would come as Lonza seeks to boost its life sciences

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Exclusive: Lonza in talks to buy Capsugel for more than $5 billion – sources

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Fed turns to Trump agenda with rate hike nearly in the bag

The Federal Reserve inaugurates the Trump era this week with a near-certain interest rate increase and new economic forecasts providing a first glimpse into whether the U.S. election has reshaped the central bank'…

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Fed turns to Trump agenda with rate hike nearly in the bag

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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

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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

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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

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U.S. jobless rate falls to nine-year low, payrolls rise

By Lucia Mutikani WASHINGTON (Reuters) – The U.S. unemployment rate fell to a nine-year low of 4.6 percent in November, as employers added another 178,000 jobs, making it almost certain that the Federal Reserve will raise interest rates later this month. The unemployment rate hit its lowest level since August 2007 because more people found work but also because the labor force shrank as more people retired, lowering the number of working-age people in the labor force to 62.7 percent. Economists had forecast payrolls rising by 175,000 last month and the unemployment …

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U.S. jobless rate falls to nine-year low, payrolls rise

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Trump’s dilemma: slower job growth or rising rates and inflation?

A drop in the U.S. unemployment rate last month to a 9-year low signals the risk of a collision between President-elect Donald Trump's plans to goose the economy and the Federal Reserve's efforts to…

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Trump’s dilemma: slower job growth or rising rates and inflation?

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