Reuters - Business Today

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Friday, December 1, 2017

Whipsawed by Washington, Wall Street ends modestly lower

(Reuters) - Wall Street fell on Friday, whipsawed by developments with a probe into Russia's alleged involvement in the U.S. election as well as with progress on a tax bill in Congress.

Exclusive: CVS eyes major expansion of health clinics with Aetna deal - sources

NEW YORK (Reuters) - CVS Health Corp is planning to significantly expand health services at its retail pharmacies if it completes a more than $66 billion deal for insurer Aetna Inc , a move that could save more than $1 billion annually, people familiar with the matter said.

Bitcoin rebounds to $10,500 after U.S. regulator approves futures

LONDON (Reuters) - Bitcoin rebounded on Friday to hit the day's highs above $10,500, recovering from an earlier dip below $9,500, after the U.S. derivatives regulator said it would allow CME Group and CBOE Global Markets to list bitcoin futures.

Sale of the century? $300-billion Saudi state sell-off moves slowly

DUBAI/RIYADH (Reuters) - Saudi Arabia's $300-billion privatization program was billed as the sale of the century when Crown Prince Mohammed bin Salman unveiled his plan to great fanfare. Nineteen months later, it is moving at a snail's pace, bankers, investors and analysts familiar with the process say.

New York Times cuts number of free articles on website

(Reuters) - The New York Times on Friday reduced the number of free articles it will offer most non-subscribers to five from 10 in an effort to make more money from readers.

In a push upmarket, Wells Fargo gives top brokers raises in 2018

NEW YORK (Reuters) - Wells Fargo & Co is giving its top brokers and advisory teams as much as a $40,000 raise next year in a broad strategy to go after wealthier clients, company executives said Friday.

Political risk on Wall Street? Buy the dip!

SAN FRANCISCO (Reuters) - An abrupt stock selloff on Friday, sparked by a report that magnified concerns about President Donald Trump's potential links with Russia, prompted Wall Street's favorite reaction in recent months: "Buy the dip."

Three Uber security managers resign after CEO criticizes practices

SAN FRANCISCO/WASHINGTON (Reuters) - Three senior managers in Uber Technologies Inc's security unit resigned on Friday, an Uber spokesperson said, days after the company's new chief executive officer disclosed a massive data breach and criticized past practices.

Exclusive: Tezos founders push for legal bailout from Swiss foundation

NEW YORK/ZURICH (Reuters) - The couple behind the embattled Tezos cryptocurrency tech project wants the Swiss-based Tezos Foundation to cover their costs for lawsuits accusing them of fraud related to an online fundraiser it ran, people familiar with the matter told Reuters.

Exclusive: VW in talks to buy stake in Russia's GAZ - sources

MOSCOW (Reuters) - German carmaker Volkswagen is in talks to buy a stake in GAZ , a Russian manufacturer of light commercial vehicles (LCV), five sources familiar with the talks told Reuters.