Reuters - Business Today

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Monday, November 27, 2017

Ending NAFTA would hurt growth, competitiveness of United States, Canada: report

DETROIT (Reuters) - Terminating the North American Free Trade Agreement would harm the U.S. and Canadian economies and reduce their competitiveness versus Asia and Europe, a report issued by the Bank of Montreal said on Monday.

Tech troubles knock stocks, bitcoin eyes $10,000

LONDON (Reuters) - World stocks edged lower on Monday, led by a broad sell-off in tech stocks that drove a risk-off mood across markets, with the dollar slipping to a ten-week low against the yen.

Meredith to buy U.S. publisher Time in Koch-backed deal

(Reuters) - U.S. media company Meredith Corp said on Sunday it will buy Time Inc, the publisher of People, Sports Illustrated and Fortune magazines, in a $1.84 billion all-cash deal backed by conservative billionaire brothers Charles and David Koch.

Futures rise, retailers draw interest on Cyber Monday

(Reuters) - U.S. stock index futures edged higher on Monday, with a bounce in retail stocks on Cyber Monday and the almost $2 billion-dollar buyout of publisher Time helping early sentiment among investors.

Executives of scandal-hit Uber travel globe to reassure regulators

TOKYO (Reuters) - Uber executives are traveling the globe to reassure regulators that the company is changing the way it does business, after a string of controversies hurt the ride-hailing firm's reputation, its Asian head told Reuters on Monday.

Exclusive: Cyber Monday showdown - Wal-Mart closes in on Amazon in online price war

(Reuters) - Wal-Mart Stores Inc is within striking distance of matching Amazon.com Inc's online prices for the first time, a key milestone in its effort to regain the "low price leader" title.

Retail stocks keep rising after strong start to holiday sales

(Reuters) - Shares of retailers such as Macy's Inc and Wal-Mart were up on Monday following a promising start to the holiday season and ahead of what is expected to be the largest U.S. online shopping day in history.

$10,000 in sight for bitcoin as it rockets to new record high

LONDON (Reuters) - Bitcoin's vertiginous ascent showed no signs of abating on Monday, with the cryptocurrency soaring to another record high just a few percent away from $10,000 after gaining more than a fifth in value over the past three days alone.

Bubble or breakthrough? Bitcoin keeps central bankers on edge

FRANKFURT (Reuters) - Central bankers say the success of bitcoin and other cryptocurrencies is just a bubble.

Exclusive: Exxon Mobil chief revamps refining, chemical operations - spokeswoman

HOUSTON (Reuters) - Exxon Mobil Corp Chief Executive Darren Woods is reorganizing the company's refining and chemical operations, part of a push to boost profits amid volatile oil and natural gas prices, a spokeswoman said.